| 688229 Stock | | | 45.00 6.92 18.17% |
Bonree Data financial indicator trend analysis is way more than just evaluating Bonree Data Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bonree Data Technology is a good investment. Please check the relationship between Bonree Data Accounts Payable and its Cash accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bonree Data Technology. 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.
Accounts Payable vs Cash
Accounts Payable vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bonree Data Technology Accounts Payable account and
Cash. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Bonree Data's Accounts Payable and Cash is 0.88. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash in the same time period over historical financial statements of Bonree Data Technology, assuming nothing else is changed. The correlation between historical values of Bonree Data's Accounts Payable and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Bonree Data Technology are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Accounts Payable i.e., Bonree Data's Accounts Payable and Cash go up and down completely randomly.
Correlation Coefficient | 0.88 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Accounts Payable
An accounting item on the balance sheet that represents Bonree Data 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 Bonree Data Technology 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.
Cash
Cash refers to the most liquid asset of Bonree Data Technology, which is listed under current asset account on Bonree Data Technology balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Bonree Data customers. The amounts must be unrestricted with restricted cash listed in a different Bonree Data account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Bonree Data's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bonree Data Technology 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 Bonree Data Technology. 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 19.8
M, whereas
Tax Provision is forecasted to decline to (278.5
K).
Bonree Data fundamental ratios Correlations
Click cells to compare fundamentals
Bonree Data Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bonree Data fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Bonree Stock
Balance Sheet is a snapshot of the
financial position of Bonree Data Technology at a specified time, usually calculated after every quarter, six months, or one year. Bonree Data Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bonree Data 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 Bonree currently owns. An asset can also be divided into two categories, current and non-current.