China Other Current Liab vs Accounts Payable Analysis
601728 Stock | 6.42 0.21 3.17% |
China Telecom financial indicator trend analysis is way more than just evaluating China Telecom Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Telecom Corp is a good investment. Please check the relationship between China Telecom Other Current Liab and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Telecom Corp. 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.
Other Current Liab vs Accounts Payable
Other Current Liab vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Telecom Corp Other Current Liab account and Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between China Telecom's Other Current Liab and Accounts Payable is 0.42. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of China Telecom Corp, assuming nothing else is changed. The correlation between historical values of China Telecom's Other Current Liab 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 Other Current Liab of China Telecom Corp 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 Other Current Liab i.e., China Telecom's Other Current Liab and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.42 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Other Current Liab
Accounts Payable
An accounting item on the balance sheet that represents China Telecom 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 Telecom Corp 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 China Telecom's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Telecom Corp 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 Telecom Corp. 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 72.6 B, whereas Tax Provision is forecasted to decline to about 8.2 B.
2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 408.6B | 448.0B | 515.2B | 263.6B | Total Revenue | 439.6B | 481.4B | 513.6B | 307.5B |
China Telecom fundamental ratios Correlations
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China Telecom Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of China Telecom Corp at a specified time, usually calculated after every quarter, six months, or one year. China Telecom Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Telecom 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.