| 600016 Stock | | | 3.87 0.19 4.68% |
China Minsheng financial indicator trend analysis is way more than just evaluating China Minsheng Banking prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Minsheng Banking is a good investment. Please check the relationship between China Minsheng Retained Earnings and its Accounts Payable accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in China Minsheng Banking. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Retained Earnings vs Accounts Payable
Retained Earnings vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
China Minsheng Banking Retained Earnings account and
Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between China Minsheng's Retained Earnings and Accounts Payable is 0.76. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of China Minsheng Banking, assuming nothing else is changed. The correlation between historical values of China Minsheng's Retained Earnings and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of China Minsheng Banking are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Retained Earnings i.e., China Minsheng's Retained Earnings and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.76 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Accounts Payable
An accounting item on the balance sheet that represents China Minsheng obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of China Minsheng Banking are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from China Minsheng's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Minsheng Banking current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in China Minsheng Banking. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
As of November 24, 2024,
Selling General Administrative is expected to decline to about 38
B. In addition to that,
Tax Provision is expected to decline to about 1.3
BChina Minsheng fundamental ratios Correlations
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China Minsheng Account Relationship Matchups
High Positive Relationship
High Negative Relationship
China Minsheng fundamental ratios Accounts
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Balance Sheet is a snapshot of the
financial position of China Minsheng Banking at a specified time, usually calculated after every quarter, six months, or one year. China Minsheng Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Minsheng and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which China currently owns. An asset can also be divided into two categories, current and non-current.