600141 Stock | | | 22.87 1.85 7.48% |
Hubei Xingfa financial indicator trend analysis is much more than just examining Hubei Xingfa Chemicals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hubei Xingfa Chemicals is a good investment. Please check the relationship between Hubei Xingfa Accounts Payable and its Deferred Long Term Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Hubei Xingfa Chemicals. 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 Deferred Long Term Liab
Accounts Payable vs Deferred Long Term Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hubei Xingfa Chemicals Accounts Payable account and
Deferred Long Term Liab. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Hubei Xingfa's Accounts Payable and Deferred Long Term Liab is 0.84. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Hubei Xingfa Chemicals, assuming nothing else is changed. The correlation between historical values of Hubei Xingfa's Accounts Payable and Deferred Long Term Liab 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 Hubei Xingfa Chemicals are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Accounts Payable i.e., Hubei Xingfa's Accounts Payable and Deferred Long Term Liab go up and down completely randomly.
Correlation Coefficient | 0.84 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Accounts Payable
An accounting item on the balance sheet that represents Hubei Xingfa 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 Hubei Xingfa Chemicals 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.
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from Hubei Xingfa's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hubei Xingfa Chemicals 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 Hubei Xingfa Chemicals. 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 410.7
M. The current year's
Tax Provision is expected to grow to about 367.3
MHubei Xingfa fundamental ratios Correlations
Click cells to compare fundamentals
Hubei Xingfa Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hubei Xingfa fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Hubei Stock
Balance Sheet is a snapshot of the
financial position of Hubei Xingfa Chemicals at a specified time, usually calculated after every quarter, six months, or one year. Hubei Xingfa Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hubei Xingfa 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 Hubei currently owns. An asset can also be divided into two categories, current and non-current.