Guangzhou Other Current Liab vs Accounts Payable Analysis

688020 Stock   37.67  0.29  0.76%   
Guangzhou Fangbang financial indicator trend analysis is much more than just examining Guangzhou Fangbang latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangzhou Fangbang is a good investment. Please check the relationship between Guangzhou Fangbang 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 Guangzhou Fangbang 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.

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 Guangzhou Fangbang Other Current Liab account and Accounts Payable. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Guangzhou Fangbang's Other Current Liab and Accounts Payable is 0.18. 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 Guangzhou Fangbang Electronics, assuming nothing else is changed. The correlation between historical values of Guangzhou Fangbang'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 Guangzhou Fangbang 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 Other Current Liab i.e., Guangzhou Fangbang's Other Current Liab and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.18
Relationship DirectionPositive 
Relationship StrengthInsignificant

Other Current Liab

Accounts Payable

An accounting item on the balance sheet that represents Guangzhou Fangbang 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 Guangzhou Fangbang 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 Guangzhou Fangbang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangzhou Fangbang 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 Guangzhou Fangbang 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 27.8 M, whereas Tax Provision is projected to grow to (3.4 M).
 2021 2022 2023 2024 (projected)
Gross Profit146.7M90.3M97.4M122.2M
Total Revenue286.4M312.6M345.1M304.6M

Guangzhou Fangbang fundamental ratios Correlations

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-0.060.38-0.570.050.010.13-0.54-0.09-0.430.640.870.38-0.37-0.54-0.570.21-0.2-0.1-0.55-0.04-0.010.42-0.06-0.510.55
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0.820.341.00.760.770.640.880.80.92-0.98-0.7-0.720.90.821.0-0.550.630.850.830.830.810.450.840.97-0.99
0.980.580.820.980.970.890.720.910.82-0.71-0.22-0.510.870.60.82-0.040.950.820.960.830.990.871.00.82-0.82
1.00.60.81.00.990.910.760.940.85-0.69-0.22-0.510.90.530.8-0.010.960.870.970.810.990.860.980.83-0.81
0.820.650.440.880.850.870.330.740.46-0.30.27-0.160.580.290.440.420.960.550.790.450.870.860.860.44-0.43
0.960.570.830.970.960.880.710.90.81-0.73-0.24-0.510.860.630.83-0.060.940.810.950.841.00.980.860.82-0.83
0.860.350.970.790.810.670.960.860.99-0.92-0.69-0.740.940.670.96-0.510.650.910.840.970.820.830.440.82-0.99
-0.83-0.33-0.99-0.77-0.78-0.66-0.93-0.83-0.950.960.720.74-0.91-0.74-0.980.55-0.63-0.87-0.82-0.99-0.82-0.81-0.43-0.83-0.99
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Guangzhou Fangbang Account Relationship Matchups

Guangzhou Fangbang fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.6B1.8B1.9B2.0B1.9B1.4B
Other Current Liab6.9M44.6M8.4M15.6M8.1M13.5M
Total Current Liabilities31.2M119.4M256.1M332.3M357.0M374.8M
Total Stockholder Equity1.5B1.6B1.6B1.5B1.5B1.2B
Net Tangible Assets1.5B1.6B1.6B1.5B1.7B1.1B
Retained Earnings379.5M458.7M451.5M368.5M259.5M335.3M
Accounts Payable12.8M17.4M144.6M167.2M127.6M67.8M
Cash225.6M417.0M408.3M468.1M309.3M296.5M
Non Current Assets Total140.8M424.5M840.2M947.2M932.9M485.7M
Non Currrent Assets Other37.8M28.5M16.3M16.6M7.4M7.0M
Other Assets46.1M43.5M29.3M30.9M27.8M29.6M
Net Receivables161.5M112.5M118.2M91.2M111.0M104.7M
Inventory27.1M25.6M51.0M49.4M61.7M34.7M
Other Current Assets3.0M23.9M63.4M22.8M308.9M324.4M
Total Liab31.2M153.4M290.5M407.7M442.6M464.7M
Deferred Long Term Liab5.6M6.1M2.4M63.9K57.5K54.6K
Total Current Assets1.4B1.4B1.1B1.0B1.0B930.5M
Intangible Assets1.2M35.0M35.0M33.9M32.9M20.0M
Property Plant Equipment64.8M346.1M773.4M882.4M1.0B1.1B
Net Invested Capital1.5B1.7B1.7B1.7B1.7B1.4B
Net Working Capital1.4B1.2B833.7M688.4M655.5M853.9M

Currently Active Assets on Macroaxis

Other Information on Investing in Guangzhou Stock

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