Hainan Total Assets vs Accounts Payable Analysis

603069 Stock   20.16  0.06  0.30%   
Hainan Haiqi financial indicator trend analysis is much more than just examining Hainan Haiqi Transpo latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hainan Haiqi Transpo is a good investment. Please check the relationship between Hainan Haiqi Total Assets and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hainan Haiqi Transportation. 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.

Total Assets vs Accounts Payable

Total Assets vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hainan Haiqi Transpo Total Assets account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Hainan Haiqi's Total Assets and Accounts Payable is 0.67. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Hainan Haiqi Transportation, assuming nothing else is changed. The correlation between historical values of Hainan Haiqi's Total Assets 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 Total Assets of Hainan Haiqi Transportation 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 Total Assets i.e., Hainan Haiqi's Total Assets and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.67
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Assets

Total assets refers to the total amount of Hainan Haiqi assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Hainan Haiqi Transpo books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Accounts Payable

An accounting item on the balance sheet that represents Hainan Haiqi 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 Hainan Haiqi Transpo 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 Hainan Haiqi's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hainan Haiqi Transpo 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 Hainan Haiqi Transportation. 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 November 30, 2024, Selling General Administrative is expected to decline to about 29.1 M. In addition to that, Tax Provision is expected to decline to about 4.8 M
 2021 2023 2024 (projected)
Minority Interest896.3K732.2K695.6K
Income Tax Expense14.2M12.8M18.6M

Hainan Haiqi fundamental ratios Correlations

-0.7-0.030.650.860.390.670.38-0.110.59-0.08-0.20.610.30.570.50.910.880.79-0.880.350.9-0.830.83-0.820.92
-0.70.54-0.69-0.72-0.55-0.65-0.470.39-0.590.52-0.05-0.58-0.13-0.16-0.79-0.77-0.57-0.680.78-0.17-0.730.73-0.730.7-0.77
-0.030.54-0.62-0.36-0.680.14-0.390.150.040.78-0.270.170.120.64-0.68-0.320.02-0.40.38-0.09-0.340.45-0.110.44-0.18
0.65-0.69-0.620.810.930.20.780.140.01-0.690.230.24-0.15-0.250.710.870.450.94-0.760.470.87-0.910.63-0.930.62
0.86-0.72-0.360.810.620.370.45-0.010.32-0.4-0.170.370.110.220.630.90.820.79-0.940.390.95-0.890.61-0.890.88
0.39-0.55-0.680.930.620.010.820.3-0.23-0.750.350.09-0.34-0.510.670.650.140.81-0.510.530.66-0.720.44-0.740.4
0.67-0.650.140.20.370.010.18-0.270.810.02-0.240.930.150.640.250.50.540.44-0.50.180.45-0.450.65-0.350.7
0.38-0.47-0.390.780.450.820.180.31-0.21-0.670.30.27-0.46-0.360.440.610.010.76-0.330.470.53-0.560.59-0.650.25
-0.110.390.150.14-0.010.3-0.270.31-0.57-0.08-0.07-0.19-0.58-0.3-0.26-0.08-0.280.150.220.48-0.010.01-0.27-0.01-0.1
0.59-0.590.040.010.32-0.230.81-0.21-0.570.24-0.40.630.560.740.280.360.610.19-0.51-0.050.34-0.310.52-0.210.66
-0.080.520.78-0.69-0.4-0.750.02-0.67-0.080.24-0.37-0.10.490.64-0.51-0.450.01-0.530.38-0.21-0.430.52-0.160.54-0.18
-0.2-0.05-0.270.23-0.170.35-0.240.3-0.07-0.4-0.37-0.21-0.26-0.490.230.03-0.350.10.17-0.2-0.03-0.040.13-0.08-0.31
0.61-0.580.170.240.370.090.930.27-0.190.63-0.1-0.210.020.530.180.490.510.47-0.480.380.47-0.460.57-0.360.65
0.3-0.130.12-0.150.11-0.340.15-0.46-0.580.560.49-0.260.020.54-0.050.110.46-0.07-0.26-0.090.12-0.050.25-0.040.24
0.57-0.160.64-0.250.22-0.510.64-0.36-0.30.740.64-0.490.530.54-0.130.220.64-0.01-0.3-0.070.21-0.080.39-0.040.5
0.5-0.79-0.680.710.630.670.250.44-0.260.28-0.510.230.18-0.05-0.130.630.350.57-0.620.080.61-0.620.57-0.620.55
0.91-0.77-0.320.870.90.650.50.61-0.080.36-0.450.030.490.110.220.630.770.92-0.920.340.97-0.950.82-0.970.83
0.88-0.570.020.450.820.140.540.01-0.280.610.01-0.350.510.460.640.350.770.56-0.90.20.82-0.730.56-0.690.88
0.79-0.68-0.40.940.790.810.440.760.150.19-0.530.10.47-0.07-0.010.570.920.56-0.790.550.91-0.940.75-0.950.72
-0.880.780.38-0.76-0.94-0.51-0.5-0.330.22-0.510.380.17-0.48-0.26-0.3-0.62-0.92-0.9-0.79-0.3-0.950.93-0.650.9-0.91
0.35-0.17-0.090.470.390.530.180.470.48-0.05-0.21-0.20.38-0.09-0.070.080.340.20.55-0.30.45-0.450.23-0.370.4
0.9-0.73-0.340.870.950.660.450.53-0.010.34-0.43-0.030.470.120.210.610.970.820.91-0.950.45-0.970.72-0.960.88
-0.830.730.45-0.91-0.89-0.72-0.45-0.560.01-0.310.52-0.04-0.46-0.05-0.08-0.62-0.95-0.73-0.940.93-0.45-0.97-0.680.97-0.83
0.83-0.73-0.110.630.610.440.650.59-0.270.52-0.160.130.570.250.390.570.820.560.75-0.650.230.72-0.68-0.720.66
-0.820.70.44-0.93-0.89-0.74-0.35-0.65-0.01-0.210.54-0.08-0.36-0.04-0.04-0.62-0.97-0.69-0.950.9-0.37-0.960.97-0.72-0.75
0.92-0.77-0.180.620.880.40.70.25-0.10.66-0.18-0.310.650.240.50.550.830.880.72-0.910.40.88-0.830.66-0.75
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Hainan Haiqi Account Relationship Matchups

Hainan Haiqi fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.1B1.9B1.9B2.1B2.6B2.0B
Other Current Liab431.6M328.1M304.2M275.5M8.8M8.3M
Total Current Liabilities754.4M666.7M659.9M537.6M944.3M587.9M
Total Stockholder Equity1.1B1.0B940.4M979.6M908.9M929.3M
Other Liab122.3M142.6M143.0M150.9M173.5M97.4M
Retained Earnings428.5M308.9M237.1M243.6M174.5M263.1M
Accounts Payable187.4M220.0M164.6M120.8M470.4M493.9M
Cash411.2M351.6M244.0M181.9M333.3M335.2M
Other Assets159.4M304.9M277.4M26.5M30.4M28.9M
Long Term Debt10.0M100.1M100.2M402.6M576.0M604.8M
Net Receivables157.5M69.8M90.1M175.9M186.5M112.8M
Inventory17.7M23.0M23.3M2.2M46.1M48.4M
Other Current Assets25.4M7.8M68.7M178.3M121.0M74.8M
Total Liab890.1M902.6M915.0M1.1B1.7B1.1B
Intangible Assets233.6M219.0M226.4M261.6M251.9M246.5M
Property Plant Equipment892.3M931.0M1.1B1.1B1.2B900.9M
Net Tangible Assets917.8M800.7M708.7M716.8M824.3M842.8M
Other Stockholder Equity23.5M22.7M20.0M14.5M13.0M19.4M
Deferred Long Term Liab33.3M25.0M19.2M11.6M13.3M18.3M
Total Current Assets612.0M505.9M495.6M633.6M882.8M692.3M
Non Current Assets Total1.5B1.4B1.4B1.4B1.7B1.5B
Non Currrent Assets Other1.5M1.8M5.3M3.7M1.0M985.8K
Non Current Liabilities Total142.6M242.3M255.1M547.2M724.7M760.9M
Net Invested Capital1.1B1.1B1.0B1.4B1.5B1.3B
Net Working Capital(141.6M)(154.7M)(164.3M)96.0M(61.5M)(64.6M)

Currently Active Assets on Macroaxis

Other Information on Investing in Hainan Stock

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