Chongqing Accounts Payable vs Other Assets Analysis

600729 Stock   32.38  2.15  7.11%   
Chongqing Department financial indicator trend analysis is way more than just evaluating Chongqing Department prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chongqing Department is a good investment. Please check the relationship between Chongqing Department Accounts Payable and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chongqing Department Store. 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 Other Assets

Accounts Payable vs Other Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chongqing Department Accounts Payable account and Other Assets. At this time, the significance of the direction appears to have no relationship.
The correlation between Chongqing Department's Accounts Payable and Other Assets is 0.04. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Assets in the same time period over historical financial statements of Chongqing Department Store, assuming nothing else is changed. The correlation between historical values of Chongqing Department's Accounts Payable and Other Assets 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 Chongqing Department Store are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Accounts Payable i.e., Chongqing Department's Accounts Payable and Other Assets go up and down completely randomly.

Correlation Coefficient

0.04
Relationship DirectionPositive 
Relationship StrengthInsignificant

Accounts Payable

An accounting item on the balance sheet that represents Chongqing Department 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 Chongqing Department 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.

Other Assets

Most indicators from Chongqing Department's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chongqing Department 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 Chongqing Department Store. 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.
As of December 11, 2024, Selling General Administrative is expected to decline to about 2.4 B. In addition to that, Tax Provision is expected to decline to about 99.6 M
 2021 2022 2023 2024 (projected)
Operating Income1.1B782.8M1.2B628.9M
Total Revenue21.1B18.3B19.0B19.5B

Chongqing Department fundamental ratios Correlations

0.160.920.940.790.610.490.630.720.140.430.860.310.980.420.90.60.79-0.780.56-0.64-0.330.590.3-0.390.67
0.160.440.28-0.010.710.61-0.450.230.310.010.470.670.080.210.33-0.5-0.21-0.42-0.280.38-0.01-0.42-0.690.6-0.33
0.920.440.870.670.830.690.40.830.280.360.90.470.880.420.940.390.57-0.910.37-0.38-0.260.350.13-0.150.44
0.940.280.870.860.640.470.560.660.210.490.90.440.840.530.860.440.77-0.720.6-0.61-0.420.590.23-0.260.68
0.79-0.010.670.860.440.290.810.680.110.50.760.20.70.460.640.670.84-0.620.77-0.82-0.50.850.56-0.510.81
0.610.710.830.640.440.750.040.770.460.350.830.510.560.320.790.060.24-0.890.02-0.08-0.330.07-0.220.030.16
0.490.610.690.470.290.750.030.640.06-0.070.540.180.47-0.220.630.040.16-0.710.230.00.170.0-0.030.320.01
0.63-0.450.40.560.810.040.030.53-0.090.420.4-0.280.630.230.430.880.78-0.390.72-0.85-0.380.850.82-0.750.79
0.720.230.830.660.680.770.640.530.30.290.710.230.720.260.850.620.42-0.960.3-0.36-0.230.390.37-0.360.37
0.140.310.280.210.110.460.06-0.090.30.540.430.350.080.560.34-0.1-0.19-0.36-0.370.27-0.52-0.16-0.22-0.170.17
0.430.010.360.490.50.35-0.070.420.290.540.590.040.360.690.420.20.52-0.320.1-0.44-0.940.430.12-0.590.64
0.860.470.90.90.760.830.540.40.710.430.590.490.780.570.830.290.63-0.810.38-0.47-0.570.450.03-0.250.58
0.310.670.470.440.20.510.18-0.280.230.350.040.490.20.640.37-0.21-0.04-0.36-0.140.18-0.08-0.18-0.450.33-0.12
0.980.080.880.840.70.560.470.630.720.080.360.780.20.310.870.650.74-0.760.5-0.61-0.250.550.32-0.440.62
0.420.210.420.530.460.32-0.220.230.260.560.690.570.640.310.40.110.31-0.31-0.02-0.21-0.680.21-0.05-0.320.37
0.90.330.940.860.640.790.630.430.850.340.420.830.370.870.40.470.53-0.910.29-0.34-0.270.330.18-0.250.45
0.6-0.50.390.440.670.060.040.880.62-0.10.20.29-0.210.650.110.470.62-0.460.54-0.7-0.170.720.77-0.780.61
0.79-0.210.570.770.840.240.160.780.42-0.190.520.63-0.040.740.310.530.62-0.390.81-0.95-0.490.90.52-0.570.87
-0.78-0.42-0.91-0.72-0.62-0.89-0.71-0.39-0.96-0.36-0.32-0.81-0.36-0.76-0.31-0.91-0.46-0.39-0.20.270.26-0.28-0.150.23-0.31
0.56-0.280.370.60.770.020.230.720.3-0.370.10.38-0.140.5-0.020.290.540.81-0.2-0.82-0.080.840.69-0.270.74
-0.640.38-0.38-0.61-0.82-0.080.0-0.85-0.360.27-0.44-0.470.18-0.61-0.21-0.34-0.7-0.950.27-0.820.47-0.97-0.620.68-0.86
-0.33-0.01-0.26-0.42-0.5-0.330.17-0.38-0.23-0.52-0.94-0.57-0.08-0.25-0.68-0.27-0.17-0.490.26-0.080.47-0.47-0.050.63-0.61
0.59-0.420.350.590.850.070.00.850.39-0.160.430.45-0.180.550.210.330.720.9-0.280.84-0.97-0.470.7-0.690.9
0.3-0.690.130.230.56-0.22-0.030.820.37-0.220.120.03-0.450.32-0.050.180.770.52-0.150.69-0.62-0.050.7-0.570.57
-0.390.6-0.15-0.26-0.510.030.32-0.75-0.36-0.17-0.59-0.250.33-0.44-0.32-0.25-0.78-0.570.23-0.270.680.63-0.69-0.57-0.69
0.67-0.330.440.680.810.160.010.790.370.170.640.58-0.120.620.370.450.610.87-0.310.74-0.86-0.610.90.57-0.69
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Chongqing Department Account Relationship Matchups

Chongqing Department fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets15.1B16.8B17.7B17.2B18.6B9.6B
Other Current Liab3.2B3.7B2.9B182.0M194.1M184.4M
Total Current Liabilities8.4B9.4B8.1B8.4B9.0B5.6B
Total Stockholder Equity6.3B6.9B5.8B5.2B6.2B3.4B
Retained Earnings5.5B6.5B5.3B4.4B5.4B5.7B
Accounts Payable4.3B3.8B3.4B3.1B2.9B2.6B
Cash4.0B5.2B3.5B2.4B4.1B2.5B
Other Assets941.4M556.4M1.5B1.6B1.8B1.9B
Net Receivables493.7M190.2M233.3M241.3M260.7M266.8M
Inventory2.8B2.8B2.5B2.3B2.1B1.6B
Other Current Assets1.6B939.4M792.4M251.0M198.8M188.8M
Total Liab8.7B9.7B11.8B12.0B12.3B6.1B
Intangible Assets222.5M213.1M193.9M183.3M173.0M142.2M
Property Plant Equipment3.2B3.1B3.0B6.0B6.9B7.2B
Other Liab302.7M303.0M365.1M343.7M395.2M203.0M
Net Tangible Assets5.2B6.1B7.0B5.6B6.4B5.9B
Other Stockholder Equity(50.6M)(43.1M)(55.8M)(61.7M)(55.6M)(52.8M)
Deferred Long Term Liab184.3M225.1M236.2M222.7M256.1M234.8M
Short Long Term Debt235.3M1.2B274.3M1.2B2.1B2.2B
Total Current Assets9.3B10.2B7.3B6.3B7.5B6.6B
Non Current Assets Total5.9B6.6B10.4B10.9B11.2B8.4B
Non Currrent Assets Other63.8M61.2M77.5M53.1M181.9M200.0M
Non Current Liabilities Total303.0M319.0M3.7B3.5B3.3B3.4B
Non Current Liabilities Other72.5M24.1M37.9M28.2M14.9M25.9M
Net Invested Capital6.5B8.1B6.1B6.3B8.3B7.3B
Net Working Capital874.2M770.2M(731.9M)(2.1B)(1.5B)(1.5B)

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Other Information on Investing in Chongqing Stock

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