Tsingtao Net Receivables vs Accounts Payable Analysis

600600 Stock

68.67 0.75 1.10%

Tsingtao Brewery financial indicator trend analysis is much more than just breaking down Tsingtao Brewery prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tsingtao Brewery is a good investment. Please check the relationship between Tsingtao Brewery Net Receivables and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Tsingtao Brewery Co. 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.

Net Receivables vs Accounts Payable

Net Receivables vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tsingtao Brewery Net Receivables account and Accounts Payable. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Tsingtao Brewery's Net Receivables and Accounts Payable is -0.56. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Tsingtao Brewery Co, assuming nothing else is changed. The correlation between historical values of Tsingtao Brewery's Net Receivables 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 Net Receivables of Tsingtao Brewery Co 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 Net Receivables i.e., Tsingtao Brewery's Net Receivables and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.56

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Receivables

Accounts Payable

An accounting item on the balance sheet that represents Tsingtao Brewery 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 Tsingtao Brewery 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 Tsingtao Brewery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tsingtao Brewery 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 Tsingtao Brewery Co. 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.

The current year's Selling General Administrative is expected to grow to about 4.8 B, whereas Tax Provision is forecasted to decline to about 1.1 B.

	2022	2023	2024	2025 (projected)
Operating Income	4.3B	4.8B	5.5B	5.8B
Total Revenue	32.2B	33.9B	39.0B	22.1B

Operating Income Total Revenue

Tsingtao Brewery fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Good Will	Short Term Investments	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		-0.17	0.98	0.99	0.97	0.99	0.74	0.97	0.99	-0.51	-0.8	0.8	0.8	0.99	0.04	0.7	0.65	0.53	0.88	0.84	-0.75	0.87	-0.73	0.57	0.87	0.73
Other Current Liab	-0.17		-0.12	-0.24	-0.03	-0.18	0.05	-0.17	-0.16	-0.01	0.1	0.06	-0.66	-0.08	0.31	0.08	0.15	0.27	-0.05	-0.17	0.26	-0.35	-0.05	0.23	-0.17	0.02
Total Current Liabilities	0.98	-0.12		0.95	0.96	0.96	0.76	0.95	0.99	-0.56	-0.77	0.81	0.78	1.0	-0.02	0.63	0.62	0.49	0.92	0.87	-0.76	0.88	-0.73	0.58	0.9	0.72
Total Stockholder Equity	0.99	-0.24	0.95		0.95	0.99	0.73	0.96	0.97	-0.51	-0.77	0.76	0.81	0.96	0.08	0.73	0.66	0.55	0.81	0.8	-0.72	0.85	-0.69	0.52	0.82	0.69
Other Liab	0.97	-0.03	0.96	0.95		0.97	0.73	0.96	0.96	-0.63	-0.74	0.79	0.67	0.97	0.01	0.68	0.71	0.59	0.88	0.8	-0.72	0.78	-0.81	0.7	0.84	0.8
Retained Earnings	0.99	-0.18	0.96	0.99	0.97		0.72	0.97	0.98	-0.57	-0.76	0.76	0.77	0.96	0.02	0.69	0.68	0.55	0.85	0.82	-0.74	0.84	-0.76	0.59	0.84	0.75
Accounts Payable	0.74	0.05	0.76	0.73	0.73	0.72		0.65	0.7	-0.51	-0.56	0.89	0.54	0.75	0.45	0.8	0.87	0.84	0.59	0.68	-0.51	0.54	-0.51	0.31	0.68	0.5
Cash	0.97	-0.17	0.95	0.96	0.96	0.97	0.65		0.97	-0.48	-0.79	0.77	0.76	0.96	-0.05	0.64	0.59	0.47	0.87	0.83	-0.7	0.83	-0.75	0.67	0.87	0.74
Other Assets	0.99	-0.16	0.99	0.97	0.96	0.98	0.7	0.97		-0.52	-0.79	0.79	0.78	0.99	-0.06	0.62	0.61	0.47	0.92	0.88	-0.78	0.9	-0.77	0.6	0.91	0.76
Long Term Debt	-0.51	-0.01	-0.56	-0.51	-0.63	-0.57	-0.51	-0.48	-0.52		0.0	-0.31	-0.31	-0.51	0.15	-0.24	-0.54	-0.37	-0.46	-0.38	0.4	-0.32	0.58	-0.47	-0.42	-0.58
Net Receivables	-0.8	0.1	-0.77	-0.77	-0.74	-0.76	-0.56	-0.79	-0.79	0.0		-0.78	-0.63	-0.81	-0.12	-0.61	-0.46	-0.44	-0.75	-0.75	0.58	-0.79	0.5	-0.46	-0.77	-0.47
Inventory	0.8	0.06	0.81	0.76	0.79	0.76	0.89	0.77	0.79	-0.31	-0.78		0.61	0.83	0.34	0.77	0.77	0.76	0.75	0.82	-0.61	0.64	-0.62	0.45	0.83	0.6
Other Current Assets	0.8	-0.66	0.78	0.81	0.67	0.77	0.54	0.76	0.78	-0.31	-0.63	0.61		0.76	-0.11	0.41	0.32	0.2	0.68	0.73	-0.67	0.84	-0.44	0.21	0.76	0.44
Total Liab	0.99	-0.08	1.0	0.96	0.97	0.96	0.75	0.96	0.99	-0.51	-0.81	0.83	0.76		0.01	0.66	0.63	0.52	0.92	0.86	-0.76	0.87	-0.74	0.6	0.9	0.72
Intangible Assets	0.04	0.31	-0.02	0.08	0.01	0.02	0.45	-0.05	-0.06	0.15	-0.12	0.34	-0.11	0.01		0.67	0.47	0.66	-0.26	-0.17	0.19	-0.21	0.2	-0.19	-0.2	-0.2
Common Stock	0.7	0.08	0.63	0.73	0.68	0.69	0.8	0.64	0.62	-0.24	-0.61	0.77	0.41	0.66	0.67		0.83	0.88	0.39	0.46	-0.34	0.4	-0.41	0.31	0.45	0.43
Property Plant Equipment	0.65	0.15	0.62	0.66	0.71	0.68	0.87	0.59	0.61	-0.54	-0.46	0.77	0.32	0.63	0.47	0.83		0.94	0.47	0.51	-0.43	0.33	-0.67	0.49	0.52	0.67
Good Will	0.53	0.27	0.49	0.55	0.59	0.55	0.84	0.47	0.47	-0.37	-0.44	0.76	0.2	0.52	0.66	0.88	0.94		0.32	0.38	-0.28	0.18	-0.48	0.36	0.38	0.48
Short Term Investments	0.88	-0.05	0.92	0.81	0.88	0.85	0.59	0.87	0.92	-0.46	-0.75	0.75	0.68	0.92	-0.26	0.39	0.47	0.32		0.89	-0.84	0.86	-0.78	0.63	0.94	0.76
Net Tangible Assets	0.84	-0.17	0.87	0.8	0.8	0.82	0.68	0.83	0.88	-0.38	-0.75	0.82	0.73	0.86	-0.17	0.46	0.51	0.38	0.89		-0.72	0.88	-0.66	0.47	0.99	0.65
Other Stockholder Equity	-0.75	0.26	-0.76	-0.72	-0.72	-0.74	-0.51	-0.7	-0.78	0.4	0.58	-0.61	-0.67	-0.76	0.19	-0.34	-0.43	-0.28	-0.84	-0.72		-0.72	0.68	-0.32	-0.76	-0.68
Deferred Long Term Liab	0.87	-0.35	0.88	0.85	0.78	0.84	0.54	0.83	0.9	-0.32	-0.79	0.64	0.84	0.87	-0.21	0.4	0.33	0.18	0.86	0.88	-0.72		-0.53	0.39	0.88	0.52
Long Term Investments	-0.73	-0.05	-0.73	-0.69	-0.81	-0.76	-0.51	-0.75	-0.77	0.58	0.5	-0.62	-0.44	-0.74	0.2	-0.41	-0.67	-0.48	-0.78	-0.66	0.68	-0.53		-0.82	-0.73	-1.0
Short Long Term Debt	0.57	0.23	0.58	0.52	0.7	0.59	0.31	0.67	0.6	-0.47	-0.46	0.45	0.21	0.6	-0.19	0.31	0.49	0.36	0.63	0.47	-0.32	0.39	-0.82		0.54	0.81
Total Current Assets	0.87	-0.17	0.9	0.82	0.84	0.84	0.68	0.87	0.91	-0.42	-0.77	0.83	0.76	0.9	-0.2	0.45	0.52	0.38	0.94	0.99	-0.76	0.88	-0.73	0.54		0.7
Short Term Debt	0.73	0.02	0.72	0.69	0.8	0.75	0.5	0.74	0.76	-0.58	-0.47	0.6	0.44	0.72	-0.2	0.43	0.67	0.48	0.76	0.65	-0.68	0.52	-1.0	0.81	0.7

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Tsingtao Brewery Account Relationship Matchups

Tsingtao Brewery fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	41.5B	46.6B	50.3B	49.3B	56.6B	59.5B
Other Current Liab	9.3B	11.5B	478.8M	359.5M	413.5M	392.8M
Total Current Liabilities	15.5B	18.3B	19.7B	16.9B	19.5B	20.4B
Total Stockholder Equity	20.6B	23.0B	25.5B	27.4B	31.6B	33.1B
Other Liab	3.3B	4.0B	4.5B	4.4B	5.1B	5.3B
Retained Earnings	15.9B	18.0B	18.5B	20.3B	23.4B	24.6B
Accounts Payable	2.6B	3.2B	3.7B	3.1B	3.6B	2.1B
Cash	18.5B	14.6B	17.9B	19.3B	22.2B	23.3B
Other Assets	1.4B	1.6B	1.9B	2.4B	2.7B	2.9B
Net Receivables	119.5M	124.7M	119.6M	100.4M	90.4M	85.8M
Inventory	3.3B	3.5B	4.2B	3.5B	4.1B	2.5B
Other Current Assets	725.0M	683.1M	6.2B	4.4B	5.0B	5.3B
Total Liab	20.1B	22.8B	24.0B	21.0B	24.2B	25.4B
Intangible Assets	2.5B	2.5B	2.6B	2.5B	2.9B	2.0B
Property Plant Equipment	10.7B	10.5B	10.8B	11.1B	12.7B	8.7B
Short Term Investments	1.9B	2.8B	2.7B	1.9B	2.2B	2.3B
Net Tangible Assets	14.1B	15.3B	16.8B	19.2B	22.1B	16.2B
Other Stockholder Equity	(44.7M)	(47.3M)	(19.9M)	(59.6M)	(53.7M)	(56.4M)
Deferred Long Term Liab	33.1M	35.3M	86.3M	127.0M	146.1M	153.4M
Short Long Term Debt	270.9M	703.3M	245.8M	225.4M	259.2M	320.0M
Total Current Assets	24.6B	29.0B	32.0B	29.6B	34.1B	23.5B
Non Current Assets Total	16.9B	17.6B	18.3B	19.6B	22.6B	19.2B
Non Currrent Assets Other	57.7M	86.9M	74.2M	108.7M	125.0M	78.1M
Non Current Liabilities Total	4.6B	4.5B	4.4B	4.1B	4.7B	4.2B
Non Current Liabilities Other	462.0M	24.5M	16.3M	16.2M	18.6M	17.7M
Common Stock Shares Outstanding	1.4B	1.4B	1.4B	1.4B	1.6B	1.5B
Net Invested Capital	21.3B	23.2B	25.7B	27.4B	31.6B	24.0B
Net Working Capital	9.1B	10.7B	12.3B	12.7B	14.6B	9.7B
Capital Stock	1.4B	1.4B	1.4B	1.4B	1.6B	1.5B
Property Plant And Equipment Net	10.8B	11.1B	11.6B	11.8B	13.5B	12.3B
Capital Lease Obligations	115.8M	112.8M	98.4M	63.4M	72.9M	94.1M
Property Plant And Equipment Gross	20.6B	21.2B	21.9B	22.5B	25.9B	23.3B

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Balance Sheet is a snapshot of the financial position of Tsingtao Brewery at a specified time, usually calculated after every quarter, six months, or one year. Tsingtao Brewery Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tsingtao Brewery 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 Tsingtao currently owns. An asset can also be divided into two categories, current and non-current.

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Tsingtao Net Receivables vs Accounts Payable Analysis

Net Receivables vs Accounts Payable

Net Receivables vs Accounts Payable Correlation Analysis

Correlation Coefficient

Net Receivables

Accounts Payable

Tsingtao Brewery fundamental ratios Correlations

Tsingtao Brewery Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tsingtao Brewery fundamental ratios Accounts

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Other Information on Investing in Tsingtao Stock

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Total Liab	+ 1.0	Total Current Liabilities
Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Other Assets	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Other Assets	+ 0.99	Total Current Liabilities

Short Term Debt	- 1.0	Long Term Investments
Other Stockholder Equity	- 0.84	Short Term Investments
Short Long Term Debt	- 0.82	Long Term Investments
Total Liab	- 0.81	Net Receivables
Long Term Investments	- 0.81	Other Liab
Net Receivables	- 0.8	Total Assets