600094 Stock | | | 3.74 0.06 1.63% |
Greattown Holdings financial indicator trend analysis is much more than just examining Greattown Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Greattown Holdings is a good investment. Please check the relationship between Greattown Holdings Accounts Payable and its Common Stock accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Greattown Holdings Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Accounts Payable vs Common Stock
Accounts Payable vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Greattown Holdings Accounts Payable account and
Common Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between Greattown Holdings' Accounts Payable and Common Stock is 0.71. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Common Stock in the same time period over historical financial statements of Greattown Holdings Ltd, assuming nothing else is changed. The correlation between historical values of Greattown Holdings' Accounts Payable and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Greattown Holdings Ltd are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Accounts Payable i.e., Greattown Holdings' Accounts Payable and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Greattown Holdings 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 Greattown Holdings 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.
Common Stock
Most indicators from Greattown Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Greattown Holdings 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 Greattown Holdings Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
The current year's
Selling General Administrative is expected to grow to about 385.9
M. The current year's
Tax Provision is expected to grow to about 558.1
MGreattown Holdings fundamental ratios Correlations
Click cells to compare fundamentals
Greattown Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Greattown Holdings fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Greattown Stock
Balance Sheet is a snapshot of the
financial position of Greattown Holdings at a specified time, usually calculated after every quarter, six months, or one year. Greattown Holdings Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Greattown Holdings 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 Greattown currently owns. An asset can also be divided into two categories, current and non-current.