Cambricon Intangible Assets vs Accounts Payable Analysis

688256 Stock   561.00  14.97  2.74%   
Cambricon Technologies financial indicator trend analysis is way more than just evaluating Cambricon Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cambricon Technologies is a good investment. Please check the relationship between Cambricon Technologies Intangible Assets and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cambricon Technologies Corp. 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.

Intangible Assets vs Accounts Payable

Intangible Assets vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cambricon Technologies Intangible Assets account and Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Cambricon Technologies' Intangible Assets and Accounts Payable is 0.94. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Cambricon Technologies Corp, assuming nothing else is changed. The correlation between historical values of Cambricon Technologies' Intangible Assets 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 Intangible Assets of Cambricon Technologies Corp 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 Intangible Assets i.e., Cambricon Technologies' Intangible Assets and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Accounts Payable

An accounting item on the balance sheet that represents Cambricon Technologies 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 Cambricon Technologies 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 Cambricon Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cambricon Technologies 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 Cambricon Technologies Corp. 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.
As of November 29, 2024, Selling General Administrative is expected to decline to about 57.9 M. In addition to that, Tax Provision is expected to decline to about 3.1 M
 2021 2022 2023 2024 (projected)
Interest Income59.5M50.5M48.5M30.0M
Net Interest Income56.0M46.3M45.0M28.2M

Cambricon Technologies fundamental ratios Correlations

-0.38-0.030.980.90.98-0.760.940.910.790.690.860.80.850.920.880.790.460.230.960.980.990.980.940.950.83
-0.380.92-0.54-0.49-0.540.48-0.54-0.33-0.45-0.3-0.46-0.44-0.5-0.09-0.42-0.45-0.20.79-0.4-0.54-0.35-0.53-0.48-0.57-0.47
-0.030.92-0.22-0.13-0.220.14-0.2-0.01-0.12-0.07-0.09-0.11-0.150.23-0.12-0.14-0.120.95-0.06-0.22-0.01-0.22-0.15-0.27-0.12
0.98-0.54-0.220.891.0-0.760.950.880.780.670.850.790.850.870.870.790.470.050.951.00.970.990.940.980.82
0.9-0.49-0.130.890.89-0.910.950.920.840.690.980.870.990.720.870.80.370.120.90.890.870.870.890.850.94
0.98-0.54-0.221.00.89-0.760.960.880.790.660.850.80.840.870.870.790.460.050.961.00.970.990.940.990.82
-0.760.480.14-0.76-0.91-0.76-0.84-0.73-0.84-0.44-0.96-0.91-0.94-0.64-0.6-0.72-0.01-0.03-0.83-0.77-0.71-0.72-0.73-0.78-0.97
0.94-0.54-0.20.950.950.96-0.840.930.870.620.90.890.910.810.870.810.470.060.950.950.910.930.940.950.86
0.91-0.33-0.010.880.920.88-0.730.930.690.710.830.740.870.780.890.650.630.260.870.880.910.890.850.830.75
0.79-0.45-0.120.780.840.79-0.840.870.690.460.860.970.80.710.710.930.10.10.870.790.710.720.890.810.87
0.69-0.3-0.070.670.690.66-0.440.620.710.460.650.50.650.50.880.670.40.20.640.670.70.70.670.590.61
0.86-0.46-0.090.850.980.85-0.960.90.830.860.650.910.980.720.780.820.160.130.90.850.830.820.850.830.99
0.8-0.44-0.110.790.870.8-0.910.890.740.970.50.910.850.720.690.880.050.10.910.80.730.730.840.830.92
0.85-0.5-0.150.850.990.84-0.940.910.870.80.650.980.850.660.80.740.290.080.850.850.820.820.820.810.95
0.92-0.090.230.870.720.87-0.640.810.780.710.50.720.720.660.690.670.320.450.910.870.920.850.810.870.69
0.88-0.42-0.120.870.870.87-0.60.870.890.710.880.780.690.80.690.820.60.180.820.870.880.880.920.80.72
0.79-0.45-0.140.790.80.79-0.720.810.650.930.670.820.880.740.670.820.120.110.840.790.730.740.910.790.83
0.46-0.2-0.120.470.370.46-0.010.470.630.10.40.160.050.290.320.60.120.070.30.460.50.520.460.370.03
0.230.790.950.050.120.05-0.030.060.260.10.20.130.10.080.450.180.110.070.190.050.250.050.13-0.020.09
0.96-0.4-0.060.950.90.96-0.830.950.870.870.640.90.910.850.910.820.840.30.190.950.940.930.920.960.88
0.98-0.54-0.221.00.891.0-0.770.950.880.790.670.850.80.850.870.870.790.460.050.950.970.990.940.980.82
0.99-0.35-0.010.970.870.97-0.710.910.910.710.70.830.730.820.920.880.730.50.250.940.970.980.910.930.78
0.98-0.53-0.220.990.870.99-0.720.930.890.720.70.820.730.820.850.880.740.520.050.930.990.980.920.970.78
0.94-0.48-0.150.940.890.94-0.730.940.850.890.670.850.840.820.810.920.910.460.130.920.940.910.920.920.81
0.95-0.57-0.270.980.850.99-0.780.950.830.810.590.830.830.810.870.80.790.37-0.020.960.980.930.970.920.82
0.83-0.47-0.120.820.940.82-0.970.860.750.870.610.990.920.950.690.720.830.030.090.880.820.780.780.810.82
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Cambricon Technologies Account Relationship Matchups

Cambricon Technologies fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.7B7.3B7.0B5.8B6.4B5.5B
Other Current Liab68.0M22.3M72.8M17.7K34.2K32.5K
Total Current Liabilities238.0M400.6M502.6M542.1M463.2M583.0M
Total Stockholder Equity4.4B6.4B5.9B4.9B5.6B4.4B
Other Liab83.0M74.0M477.5M464.6M534.3M561.0M
Net Tangible Assets4.2B6.2B5.6B4.9B5.6B3.9B
Retained Earnings(854.6M)(1.3B)(2.1B)(3.4B)(4.2B)(4.0B)
Accounts Payable71.2M238.6M176.6M230.4M237.2M150.8M
Cash383.3M4.9B2.9B2.5B4.0B2.5B
Non Current Assets Total217.2M432.2M818.3M1.5B770.5M606.9M
Non Currrent Assets Other3.8M17.2M28.9M6.7M12.6M13.0M
Other Assets11.1M10.7M27.0M41.3M47.5M49.9M
Net Receivables77.3M207.6M478.0M765.6M643.9M350.9M
Non Current Liabilities Total74.0M477.5M506.3M288.5M225.3M267.9M
Inventory51.1M90.6M287.0M287.1M99.4M128.9M
Other Current Assets33.8M1.7B150.0M36.6M36.5M34.7M
Total Liab312.0M878.0M1.0B830.6M688.5M777.8M
Deferred Long Term Liab4.0M6.9M9.8M12.4M14.2M7.3M
Net Invested Capital4.4B6.4B5.9B4.9B5.7B4.4B
Total Current Assets4.5B6.9B6.2B4.3B5.6B4.9B
Net Working Capital4.2B6.5B5.7B3.7B5.2B4.1B
Intangible Assets119.2M260.9M261.0M291.1M149.9M176.1M
Property Plant Equipment40.9M86.0M135.6M378.4M435.1M456.9M

Currently Active Assets on Macroaxis

Other Information on Investing in Cambricon Stock

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