Shanghai Inventory vs Accounts Payable Analysis

603633 Stock   8.24  0.05  0.61%   
Shanghai Laimu financial indicator trend analysis is much more than just breaking down Shanghai Laimu Elect prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Laimu Elect is a good investment. Please check the relationship between Shanghai Laimu Inventory and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Laimu Electronics. 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.

Inventory vs Accounts Payable

Inventory vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Laimu Elect Inventory account and Accounts Payable. At this time, the significance of the direction appears to have totally related.
The correlation between Shanghai Laimu's Inventory and Accounts Payable is 0.99. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Shanghai Laimu Electronics, assuming nothing else is changed. The correlation between historical values of Shanghai Laimu's Inventory 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 Inventory of Shanghai Laimu Electronics 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 Inventory i.e., Shanghai Laimu's Inventory and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Inventory

Accounts Payable

An accounting item on the balance sheet that represents Shanghai Laimu 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 Shanghai Laimu Elect 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 Shanghai Laimu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Laimu Elect 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 Shanghai Laimu Electronics. 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 26 M. The current year's Tax Provision is expected to grow to about 4.3 M
 2021 2022 2023 2024 (projected)
Operating Income85.2M110.2M123.1M78.7M
Total Revenue685.5M930.6M1.1B1.1B

Shanghai Laimu fundamental ratios Correlations

0.380.991.00.660.810.990.890.740.70.860.99-0.210.990.740.770.960.850.540.890.890.720.91-0.750.77-0.66
0.380.340.320.07-0.080.380.360.030.880.090.4-0.560.470.31-0.050.210.03-0.10.070.23-0.150.23-0.30.84-0.26
0.990.340.990.680.850.990.840.780.680.871.0-0.130.990.760.810.980.870.60.910.880.750.92-0.750.74-0.64
1.00.320.990.670.830.980.910.750.650.880.99-0.220.970.720.780.950.860.520.90.910.730.91-0.750.72-0.67
0.660.070.680.670.710.730.490.770.210.730.68-0.090.630.640.830.70.830.280.730.740.560.83-0.890.29-0.79
0.81-0.080.850.830.710.80.640.850.310.930.820.230.780.810.930.910.950.680.950.840.930.87-0.580.38-0.5
0.990.380.990.980.730.80.840.770.680.850.99-0.190.980.740.80.950.850.560.880.880.690.93-0.80.74-0.69
0.890.360.840.910.490.640.840.530.630.770.86-0.450.850.570.560.750.670.280.750.860.550.76-0.620.71-0.6
0.740.030.780.750.770.850.770.530.320.90.760.070.730.690.960.820.910.660.910.840.820.92-0.630.36-0.5
0.70.880.680.650.210.310.680.630.320.440.71-0.390.770.590.280.570.360.290.430.530.250.53-0.390.99-0.31
0.860.090.870.880.730.930.850.770.90.440.85-0.020.830.840.920.870.930.610.960.970.860.95-0.60.51-0.52
0.990.41.00.990.680.820.990.860.760.710.85-0.20.990.760.780.960.850.540.890.880.70.91-0.760.77-0.66
-0.21-0.56-0.13-0.22-0.090.23-0.19-0.450.07-0.39-0.02-0.2-0.20.060.170.040.090.570.02-0.260.39-0.150.37-0.390.38
0.990.470.990.970.630.780.980.850.730.770.830.99-0.20.760.750.950.820.570.860.860.690.89-0.720.83-0.62
0.740.310.760.720.640.810.740.570.690.590.840.760.060.760.760.750.760.50.760.790.670.8-0.50.64-0.38
0.77-0.050.810.780.830.930.80.560.960.280.920.780.170.750.760.870.970.690.950.850.890.93-0.670.34-0.53
0.960.210.980.950.70.910.950.750.820.570.870.960.040.950.750.870.920.680.930.840.840.9-0.720.63-0.61
0.850.030.870.860.830.950.850.670.910.360.930.850.090.820.760.970.920.630.970.890.910.94-0.740.43-0.65
0.54-0.10.60.520.280.680.560.280.660.290.610.540.570.570.50.690.680.630.660.460.810.56-0.130.320.01
0.890.070.910.90.730.950.880.750.910.430.960.890.020.860.760.950.930.970.660.930.910.95-0.670.49-0.57
0.890.230.880.910.740.840.880.860.840.530.970.88-0.260.860.790.850.840.890.460.930.750.96-0.690.6-0.62
0.72-0.150.750.730.560.930.690.550.820.250.860.70.390.690.670.890.840.910.810.910.750.78-0.410.31-0.36
0.910.230.920.910.830.870.930.760.920.530.950.91-0.150.890.80.930.90.940.560.950.960.78-0.780.59-0.66
-0.75-0.3-0.75-0.75-0.89-0.58-0.8-0.62-0.63-0.39-0.6-0.760.37-0.72-0.5-0.67-0.72-0.74-0.13-0.67-0.69-0.41-0.78-0.460.92
0.770.840.740.720.290.380.740.710.360.990.510.77-0.390.830.640.340.630.430.320.490.60.310.59-0.46-0.38
-0.66-0.26-0.64-0.67-0.79-0.5-0.69-0.6-0.5-0.31-0.52-0.660.38-0.62-0.38-0.53-0.61-0.650.01-0.57-0.62-0.36-0.660.92-0.38
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Shanghai Laimu Account Relationship Matchups

Shanghai Laimu fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.4B1.8B1.9B2.9B3.4B3.5B
Other Current Liab8.5M7.0M9.9M63.0K52.7M55.3M
Total Current Liabilities544.1M681.7M766.1M967.1M1.2B1.2B
Total Stockholder Equity760.5M1.1B1.1B1.9B1.9B2.0B
Other Liab5.9M4.6M18.0M15.1M17.4M9.3M
Retained Earnings442.5M485.4M546.5M558.7M618.4M412.9M
Accounts Payable154.9M244.0M225.6M319.7M364.4M382.6M
Cash49.8M91.1M71.5M488.1M425.4M446.6M
Other Assets14.5M17.6M19.6M22.9M26.4M13.5M
Long Term Debt43.1M70.8M16M26.5M235.6M247.4M
Net Receivables304.0M303.2M330.9M492.7M570.2M286.5M
Inventory292.1M372.7M461.8M578.6M718.5M754.4M
Other Current Assets34.1M32.1M21.1M5.5M7.9M7.5M
Total Liab619.6M718.5M786.1M1.0B1.5B1.5B
Intangible Assets28.5M28.3M27.2M26.2M51.5M27.2M
Property Plant Equipment545.2M653.6M768.5M875.7M1.0B1.1B
Net Tangible Assets709.9M732.1M1.1B1.1B1.2B837.0M
Deferred Long Term Liab11.1M13.6M10.5M8.0M9.2M9.2M
Short Long Term Debt333.0M364.6M490.4M581.5M639.4M386.3M
Total Current Assets680.0M845.8M916.2M1.7B1.9B1.0B
Non Current Assets Total700.1M953.3M975.7M1.2B1.5B938.4M
Non Currrent Assets Other700.1M4.5M9.8M44.1M21.8M20.7M
Non Current Liabilities Total75.5M36.8M20.0M54.6M290.9M305.4M
Non Current Liabilities Other22.3M24.7M62M2.8M2.5M2.4M
Net Debt345.2M289.5M418.8M119.9M449.6M301.1M
Net Invested Capital1.2B1.5B1.6B2.5B2.8B1.8B
Net Working Capital135.9M164.1M150.0M685.8M724.3M363.3M

Currently Active Assets on Macroaxis

Other Information on Investing in Shanghai Stock

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