Sinosteel Common Stock Shares Outstanding vs Accounts Payable Analysis
| 688119 Stock | 4.16 0.11 2.58% |
Sinosteel Luonai financial indicator trend analysis is much more than just breaking down Sinosteel Luonai Mat prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinosteel Luonai Mat is a good investment. Please check the relationship between Sinosteel Luonai Common Stock Shares Outstanding and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinosteel Luonai Materials. 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.
Common Stock Shares Outstanding vs Accounts Payable
Common Stock Shares Outstanding vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sinosteel Luonai Mat Common Stock Shares Outstanding account and Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Sinosteel Luonai's Common Stock Shares Outstanding and Accounts Payable is 0.89. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Sinosteel Luonai Materials, assuming nothing else is changed. The correlation between historical values of Sinosteel Luonai's Common Stock Shares Outstanding 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 Common Stock Shares Outstanding of Sinosteel Luonai Materials 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 Common Stock Shares Outstanding i.e., Sinosteel Luonai's Common Stock Shares Outstanding and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.89 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Accounts Payable
An accounting item on the balance sheet that represents Sinosteel Luonai 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 Sinosteel Luonai Mat 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 Sinosteel Luonai's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinosteel Luonai Mat 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 Sinosteel Luonai Materials. 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 Tax Provision is expected to grow to about 7.2 M, whereas Selling General Administrative is forecasted to decline to about 97.7 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 24.1M | 35.1M | 37.9M | 34.5M | Interest Income | 7.0M | 25.3M | 23.6M | 17.0M |
Sinosteel Luonai fundamental ratios Correlations
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Sinosteel Luonai Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Sinosteel Stock
Balance Sheet is a snapshot of the financial position of Sinosteel Luonai Mat at a specified time, usually calculated after every quarter, six months, or one year. Sinosteel Luonai Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sinosteel Luonai 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 Sinosteel currently owns. An asset can also be divided into two categories, current and non-current.