China Accounts Payable vs Good Will Analysis

600115 Stock

4.08 0.04 0.97%

China Eastern financial indicator trend analysis is way more than just evaluating China Eastern Airlines prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Eastern Airlines is a good investment. Please check the relationship between China Eastern Accounts Payable and its Good Will accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Eastern Airlines. 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.

Accounts Payable vs Good Will

Accounts Payable vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Eastern Airlines Accounts Payable account and Good Will. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between China Eastern's Accounts Payable and Good Will is -0.34. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Good Will in the same time period over historical financial statements of China Eastern Airlines, assuming nothing else is changed. The correlation between historical values of China Eastern's Accounts Payable and Good Will 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 China Eastern Airlines are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Accounts Payable i.e., China Eastern's Accounts Payable and Good Will go up and down completely randomly.

Correlation Coefficient

-0.34

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents China Eastern 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 Eastern Airlines 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.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Most indicators from China Eastern's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Eastern Airlines 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 Eastern Airlines. 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.

At present, China Eastern's Tax Provision is projected to decrease significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 13.1 B, whereas Selling General Administrative is forecasted to decline to about 2.9 B.

	2023	2024 (projected)
Non Recurring	86.3M	90.6M
Cost Of Revenue	112.5B	89.6B

Non Recurring Cost Of Revenue

China Eastern fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Retained Earnings	Good Will	Non Current Assets Total
Total Assets		0.49	0.98	0.91	0.99	0.97	0.53	0.69	0.62	0.84	0.42	0.92	0.56	-0.97	0.99	0.99	0.96	0.89	0.96	0.87	0.46	0.98	1.0	-0.36	0.44	0.82
Other Current Liab	0.49		0.39	0.75	0.43	0.6	-0.2	-0.14	-0.35	0.02	0.9	0.73	-0.13	-0.53	0.4	0.49	0.65	0.24	0.35	0.55	0.08	0.42	0.49	0.59	0.84	0.09
Total Current Liabilities	0.98	0.39		0.83	0.98	0.92	0.59	0.77	0.66	0.88	0.33	0.88	0.59	-0.96	0.99	0.98	0.93	0.9	0.97	0.85	0.43	0.98	0.98	-0.46	0.32	0.78
Total Stockholder Equity	0.91	0.75	0.83		0.86	0.95	0.38	0.34	0.33	0.55	0.66	0.96	0.35	-0.89	0.85	0.89	0.96	0.73	0.78	0.88	0.4	0.85	0.9	-0.01	0.68	0.66
Other Liab	0.99	0.43	0.98	0.86		0.95	0.58	0.71	0.67	0.87	0.36	0.87	0.61	-0.95	0.99	0.99	0.94	0.86	0.96	0.81	0.45	0.99	0.99	-0.42	0.36	0.84
Net Tangible Assets	0.97	0.6	0.92	0.95	0.95		0.5	0.51	0.49	0.73	0.56	0.93	0.41	-0.93	0.94	0.94	0.98	0.82	0.87	0.91	0.33	0.94	0.98	-0.24	0.53	0.78
Accounts Payable	0.53	-0.2	0.59	0.38	0.58	0.5		0.49	0.78	0.64	-0.06	0.41	0.42	-0.54	0.56	0.55	0.49	0.47	0.56	0.49	0.13	0.59	0.55	-0.81	-0.34	0.58
Cash	0.69	-0.14	0.77	0.34	0.71	0.51	0.49		0.8	0.92	-0.19	0.44	0.7	-0.67	0.76	0.7	0.5	0.74	0.84	0.44	0.46	0.74	0.67	-0.7	-0.11	0.65
Other Assets	0.62	-0.35	0.66	0.33	0.67	0.49	0.78	0.8		0.84	-0.37	0.32	0.77	-0.54	0.68	0.62	0.44	0.69	0.7	0.38	0.52	0.65	0.61	-0.88	-0.25	0.83
Long Term Debt	0.84	0.02	0.88	0.55	0.87	0.73	0.64	0.92	0.84		0.0	0.6	0.7	-0.81	0.89	0.84	0.69	0.81	0.91	0.64	0.41	0.9	0.84	-0.71	0.03	0.77
Net Receivables	0.42	0.9	0.33	0.66	0.36	0.56	-0.06	-0.19	-0.37	0.0		0.67	-0.41	-0.48	0.34	0.4	0.61	0.06	0.28	0.53	-0.3	0.37	0.43	0.45	0.58	0.02
Inventory	0.92	0.73	0.88	0.96	0.87	0.93	0.41	0.44	0.32	0.6	0.67		0.31	-0.95	0.87	0.91	0.96	0.72	0.84	0.87	0.3	0.88	0.9	-0.09	0.58	0.58
Other Current Assets	0.56	-0.13	0.59	0.35	0.61	0.41	0.42	0.7	0.77	0.7	-0.41	0.31		-0.48	0.6	0.61	0.38	0.74	0.63	0.31	0.88	0.59	0.56	-0.48	0.12	0.67
Other Stockholder Equity	-0.97	-0.53	-0.96	-0.89	-0.95	-0.93	-0.54	-0.67	-0.54	-0.81	-0.48	-0.95	-0.48		-0.96	-0.97	-0.95	-0.83	-0.95	-0.88	-0.38	-0.96	-0.96	0.33	-0.43	-0.68
Total Liab	0.99	0.4	0.99	0.85	0.99	0.94	0.56	0.76	0.68	0.89	0.34	0.87	0.6	-0.96		0.98	0.93	0.9	0.97	0.84	0.46	0.99	0.99	-0.44	0.36	0.83
Deferred Long Term Liab	0.99	0.49	0.98	0.89	0.99	0.94	0.55	0.7	0.62	0.84	0.4	0.91	0.61	-0.97	0.98		0.95	0.86	0.97	0.82	0.49	0.98	0.98	-0.36	0.41	0.78
Long Term Investments	0.96	0.65	0.93	0.96	0.94	0.98	0.49	0.5	0.44	0.69	0.61	0.96	0.38	-0.95	0.93	0.95		0.79	0.87	0.89	0.33	0.93	0.97	-0.19	0.53	0.72
Short Long Term Debt	0.89	0.24	0.9	0.73	0.86	0.82	0.47	0.74	0.69	0.81	0.06	0.72	0.74	-0.83	0.9	0.86	0.79		0.85	0.8	0.65	0.87	0.87	-0.42	0.41	0.8
Total Current Assets	0.96	0.35	0.97	0.78	0.96	0.87	0.56	0.84	0.7	0.91	0.28	0.84	0.63	-0.95	0.97	0.97	0.87	0.85		0.76	0.49	0.97	0.95	-0.47	0.28	0.78
Short Term Debt	0.87	0.55	0.85	0.88	0.81	0.91	0.49	0.44	0.38	0.64	0.53	0.87	0.31	-0.88	0.84	0.82	0.89	0.8	0.76		0.25	0.86	0.87	-0.21	0.55	0.57
Intangible Assets	0.46	0.08	0.43	0.4	0.45	0.33	0.13	0.46	0.52	0.41	-0.3	0.3	0.88	-0.38	0.46	0.49	0.33	0.65	0.49	0.25		0.42	0.42	-0.1	0.39	0.56
Common Stock	0.98	0.42	0.98	0.85	0.99	0.94	0.59	0.74	0.65	0.9	0.37	0.88	0.59	-0.96	0.99	0.98	0.93	0.87	0.97	0.86	0.42		0.99	-0.44	0.36	0.78
Property Plant Equipment	1.0	0.49	0.98	0.9	0.99	0.98	0.55	0.67	0.61	0.84	0.43	0.9	0.56	-0.96	0.99	0.98	0.97	0.87	0.95	0.87	0.42	0.99		-0.36	0.43	0.81
Retained Earnings	-0.36	0.59	-0.46	-0.01	-0.42	-0.24	-0.81	-0.7	-0.88	-0.71	0.45	-0.09	-0.48	0.33	-0.44	-0.36	-0.19	-0.42	-0.47	-0.21	-0.1	-0.44	-0.36		0.6	-0.54
Good Will	0.44	0.84	0.32	0.68	0.36	0.53	-0.34	-0.11	-0.25	0.03	0.58	0.58	0.12	-0.43	0.36	0.41	0.53	0.41	0.28	0.55	0.39	0.36	0.43	0.6		0.18
Non Current Assets Total	0.82	0.09	0.78	0.66	0.84	0.78	0.58	0.65	0.83	0.77	0.02	0.58	0.67	-0.68	0.83	0.78	0.72	0.8	0.78	0.57	0.56	0.78	0.81	-0.54	0.18

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China Eastern Account Relationship Matchups

China Eastern fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	285.2B	284.7B	288.8B	285.7B	282.5B	256.3B
Other Current Liab	18.4B	10.3B	7.6B	229M	347M	329.7M
Total Current Liabilities	78.4B	99.8B	85.9B	106.4B	106.3B	86.1B
Total Stockholder Equity	69.0B	56.2B	53.6B	29.1B	40.6B	49.6B
Other Liab	12.9B	12.8B	12.8B	12.9B	14.8B	10.9B
Net Tangible Assets	45.0B	56.0B	43.2B	39.7B	45.6B	39.6B
Accounts Payable	2.2B	3.5B	3.4B	3.7B	16.1B	16.9B
Cash	1.4B	7.7B	13.0B	17.6B	12.1B	7.5B
Other Assets	4.1B	5.4B	10.5B	14.1B	16.3B	17.1B
Long Term Debt	26.6B	30.7B	50.8B	57.9B	58.0B	37.6B
Net Receivables	14.6B	1.1B	974M	817M	2.2B	2.1B
Inventory	2.4B	2.1B	1.8B	1.6B	1.6B	2.0B
Other Current Assets	1.3B	9.3B	9.8B	4.8B	7.1B	4.6B
Other Stockholder Equity	(2.2B)	(2.3B)	(2.4B)	(3.1B)	(2.8B)	(2.9B)
Total Liab	212.5B	225.5B	231.6B	255.6B	241.3B	204.0B
Deferred Long Term Liab	2.2B	2.4B	2.5B	2.2B	2.5B	2.0B
Long Term Investments	3.5B	3.9B	3.4B	2.7B	3.1B	3.0B
Short Long Term Debt	25.2B	57.2B	45.0B	49.2B	39.6B	37.1B
Total Current Assets	19.7B	22.5B	27.9B	27.4B	25.7B	21.9B
Intangible Assets	1.8B	11.7B	11.7B	2.5B	2.8B	4.5B
Property Plant Equipment	202.2B	243.1B	235.2B	230.1B	264.6B	199.5B
Retained Earnings	18.4B	5.7B	(6.4B)	(44.5B)	(52.5B)	(49.9B)
Non Current Assets Total	265.4B	262.2B	260.9B	258.3B	256.8B	266.0B
Non Currrent Assets Other	804M	5.3B	4.5B	2.1B	1.6B	2.3B
Short Term Investments	121M	95M	84M	72M	65M	83.8M
Non Current Liabilities Total	134.2B	125.7B	145.7B	149.2B	135.0B	134.3B
Capital Lease Obligations	110.8B	96.3B	98.5B	78.4B	64.7B	89.9B
Non Current Liabilities Other	2.3B	2.0B	2.2B	10.3B	9.7B	5.2B
Net Debt	50.5B	80.2B	82.8B	89.6B	85.6B	79.0B
Net Invested Capital	120.8B	144.1B	149.4B	136.2B	138.3B	144.8B
Net Working Capital	(58.6B)	(77.3B)	(58.0B)	(79.0B)	(80.6B)	(84.6B)

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Balance Sheet is a snapshot of the financial position of China Eastern Airlines at a specified time, usually calculated after every quarter, six months, or one year. China Eastern Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Eastern 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.

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China Accounts Payable vs Good Will Analysis

Accounts Payable vs Good Will

Accounts Payable vs Good Will Correlation Analysis

Correlation Coefficient

Accounts Payable

Good Will

China Eastern fundamental ratios Correlations

China Eastern Account Relationship Matchups

High Positive Relationship

High Negative Relationship

China Eastern fundamental ratios Accounts

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Other Information on Investing in China Stock

COMMON DESTINATIONS

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COMPANY

Property Plant Equipment	+ 1.0	Total Assets
Other Liab	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Deferred Long Term Liab	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Other Liab

Deferred Long Term Liab	- 0.97	Other Stockholder Equity
Other Stockholder Equity	- 0.97	Total Assets
Property Plant Equipment	- 0.96	Other Stockholder Equity
Common Stock	- 0.96	Other Stockholder Equity
Total Liab	- 0.96	Other Stockholder Equity
Other Stockholder Equity	- 0.96	Total Current Liabilities