Guangdong Accounts Payable vs Non Current Assets Total Analysis
688325 Stock | 53.40 1.00 1.84% |
Guangdong Cellwise financial indicator trend analysis is much more than just examining Guangdong Cellwise latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangdong Cellwise is a good investment. Please check the relationship between Guangdong Cellwise Accounts Payable and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangdong Cellwise Microelectronics. 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 Non Current Assets Total
Accounts Payable vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guangdong Cellwise Accounts Payable account and Non Current Assets Total. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Guangdong Cellwise's Accounts Payable and Non Current Assets Total is 0.59. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Guangdong Cellwise Microelectronics, assuming nothing else is changed. The correlation between historical values of Guangdong Cellwise's Accounts Payable and Non Current Assets Total 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 Guangdong Cellwise Microelectronics are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Accounts Payable i.e., Guangdong Cellwise's Accounts Payable and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.59 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Accounts Payable
An accounting item on the balance sheet that represents Guangdong Cellwise 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 Guangdong Cellwise 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.Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Most indicators from Guangdong Cellwise's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangdong Cellwise 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 Guangdong Cellwise Microelectronics. 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 30.4 M, whereas Tax Provision is projected to grow to (4.5 M).
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.1M | 202.7K | 1.4M | 771.3K | Interest Income | 1.5M | 20.3M | 16.8M | 8.6M |
Guangdong Cellwise fundamental ratios Correlations
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Guangdong Cellwise Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Currently Active Assets on Macroaxis
Other Information on Investing in Guangdong Stock
Balance Sheet is a snapshot of the financial position of Guangdong Cellwise at a specified time, usually calculated after every quarter, six months, or one year. Guangdong Cellwise Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guangdong Cellwise 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 Guangdong currently owns. An asset can also be divided into two categories, current and non-current.