Changshu Net Invested Capital vs Accounts Payable Analysis
| 603201 Stock | 17.33 0.60 3.35% |
Changshu Tongrun financial indicator trend analysis is way more than just evaluating Changshu Tongrun Auto prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Changshu Tongrun Auto is a good investment. Please check the relationship between Changshu Tongrun Net Invested Capital and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Changshu Tongrun Auto. 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 Invested Capital vs Accounts Payable
Net Invested Capital vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Changshu Tongrun Auto Net Invested Capital account and Accounts Payable. At this time, the significance of the direction appears to have pay attention.
The correlation between Changshu Tongrun's Net Invested Capital and Accounts Payable is -0.79. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Changshu Tongrun Auto, assuming nothing else is changed. The correlation between historical values of Changshu Tongrun's Net Invested Capital 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 Invested Capital of Changshu Tongrun Auto 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 Invested Capital i.e., Changshu Tongrun's Net Invested Capital and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.79 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Accounts Payable
An accounting item on the balance sheet that represents Changshu Tongrun 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 Changshu Tongrun Auto 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 Changshu Tongrun's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Changshu Tongrun Auto 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 Changshu Tongrun Auto. 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 110.2 M, whereas Tax Provision is forecasted to decline to about 52.4 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 16.7M | 12.7M | 10.3M | 12.0M | Interest Income | 836.3K | 5.6M | 10.2M | 10.7M |
Changshu Tongrun fundamental ratios Correlations
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Changshu Tongrun Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Changshu Stock
Balance Sheet is a snapshot of the financial position of Changshu Tongrun Auto at a specified time, usually calculated after every quarter, six months, or one year. Changshu Tongrun Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Changshu Tongrun 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 Changshu currently owns. An asset can also be divided into two categories, current and non-current.