Chison Accounts Payable vs Common Stock Shares Outstanding Analysis

688358 Stock   28.29  0.05  0.18%   
Chison Medical financial indicator trend analysis is way more than just evaluating Chison Medical Techn prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chison Medical Techn is a good investment. Please check the relationship between Chison Medical Accounts Payable and its Common Stock Shares Outstanding accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chison Medical Technologies. 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 Common Stock Shares Outstanding

Accounts Payable vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chison Medical Techn Accounts Payable account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Chison Medical's Accounts Payable and Common Stock Shares Outstanding is 0.91. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Chison Medical Technologies, assuming nothing else is changed. The correlation between historical values of Chison Medical's Accounts Payable and Common Stock Shares Outstanding 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 Chison Medical Technologies are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Accounts Payable i.e., Chison Medical's Accounts Payable and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.91
Relationship DirectionPositive 
Relationship StrengthVery Strong

Accounts Payable

An accounting item on the balance sheet that represents Chison Medical 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 Chison Medical Techn 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.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Chison Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chison Medical Techn 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 Chison Medical Technologies. 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 December 12, 2024, Tax Provision is expected to decline to about 11.9 M. In addition to that, Selling General Administrative is expected to decline to about 61.3 M
 2021 2022 2023 2024 (projected)
Gross Profit223.9M225.8M284.5M221.6M
Total Revenue397.8M380.8M483.8M375.5M

Chison Medical fundamental ratios Correlations

0.891.00.940.910.830.870.720.960.520.82-0.770.931.00.920.69-0.90.951.01.00.860.810.8-0.670.60.42
0.890.880.890.990.550.930.760.790.290.97-0.560.970.870.840.74-0.820.910.880.860.860.910.9-0.690.730.36
1.00.880.930.910.840.860.710.960.520.81-0.770.921.00.920.68-0.90.951.01.00.860.80.8-0.670.590.42
0.940.890.930.910.750.960.810.930.510.89-0.720.920.920.980.71-0.930.930.920.910.930.90.9-0.810.760.56
0.910.990.910.910.620.940.760.810.350.97-0.620.970.90.850.75-0.850.910.90.880.880.90.89-0.680.740.35
0.830.550.840.750.620.60.580.80.570.53-0.710.630.840.730.32-0.840.660.840.850.70.520.53-0.520.440.4
0.870.930.860.960.940.60.840.840.30.95-0.580.910.850.940.76-0.860.920.860.830.940.970.97-0.850.830.53
0.720.760.710.810.760.580.840.690.130.8-0.430.730.70.80.57-0.880.790.740.710.920.910.92-0.950.890.84
0.960.790.960.930.810.80.840.690.570.71-0.810.860.960.960.71-0.860.940.960.960.820.760.77-0.710.530.52
0.520.290.520.510.350.570.30.130.570.24-0.830.510.540.440.38-0.490.360.490.520.260.110.11-0.070.050.09
0.820.970.810.890.970.530.950.80.710.24-0.470.930.80.810.68-0.820.850.810.780.90.940.93-0.720.840.39
-0.77-0.56-0.77-0.72-0.62-0.71-0.58-0.43-0.81-0.83-0.47-0.72-0.77-0.7-0.70.69-0.65-0.75-0.77-0.5-0.44-0.440.39-0.21-0.28
0.930.970.920.920.970.630.910.730.860.510.93-0.720.920.870.76-0.870.910.910.90.840.850.85-0.650.670.36
1.00.871.00.920.90.840.850.70.960.540.8-0.770.920.910.68-0.90.941.01.00.840.780.78-0.650.570.4
0.920.840.920.980.850.730.940.80.960.440.81-0.70.870.910.72-0.880.960.920.90.910.890.89-0.850.70.61
0.690.740.680.710.750.320.760.570.710.380.68-0.70.760.680.72-0.540.770.670.650.630.70.69-0.570.480.34
-0.9-0.82-0.9-0.93-0.85-0.84-0.86-0.88-0.86-0.49-0.820.69-0.87-0.9-0.88-0.54-0.85-0.91-0.9-0.91-0.83-0.840.8-0.75-0.65
0.950.910.950.930.910.660.920.790.940.360.85-0.650.910.940.960.77-0.850.950.940.910.90.9-0.80.690.55
1.00.881.00.920.90.840.860.740.960.490.81-0.750.911.00.920.67-0.910.951.00.870.810.81-0.690.60.46
1.00.861.00.910.880.850.830.710.960.520.78-0.770.91.00.90.65-0.90.941.00.840.770.77-0.660.560.44
0.860.860.860.930.880.70.940.920.820.260.9-0.50.840.840.910.63-0.910.910.870.840.940.95-0.890.910.68
0.810.910.80.90.90.520.970.910.760.110.94-0.440.850.780.890.7-0.830.90.810.770.941.0-0.910.870.62
0.80.90.80.90.890.530.970.920.770.110.93-0.440.850.780.890.69-0.840.90.810.770.951.0-0.920.890.65
-0.67-0.69-0.67-0.81-0.68-0.52-0.85-0.95-0.71-0.07-0.720.39-0.65-0.65-0.85-0.570.8-0.8-0.69-0.66-0.89-0.91-0.92-0.83-0.87
0.60.730.590.760.740.440.830.890.530.050.84-0.210.670.570.70.48-0.750.690.60.560.910.870.89-0.830.67
0.420.360.420.560.350.40.530.840.520.090.39-0.280.360.40.610.34-0.650.550.460.440.680.620.65-0.870.67
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Chison Medical Account Relationship Matchups

Chison Medical fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.3B1.4B1.4B1.5B1.5B1.1B
Total Current Liabilities89.9M129.5M139.7M188.5M138.4M125.8M
Total Stockholder Equity1.2B1.2B1.2B1.3B1.4B924.2M
Retained Earnings136.6M146.8M188.2M241.7M306.0M161.9M
Accounts Payable53.3M73.2M80.3M128.0M84.6M70.4M
Cash1.1B302.0M445.9M446.2M688.8M442.7M
Non Current Assets Total55.4M80.8M127.8M175.1M181.2M104.1M
Non Currrent Assets Other2.3M1.7M2.9M5.5M6.9M7.2M
Net Receivables106.9M126.1M135.8M93.5M154.5M101.2M
Non Current Liabilities Total29.8M28.9M12.8M11.9M15.0M15.4M
Inventory58.3M84.1M99.5M197.0M135.9M99.2M
Other Current Assets4.2M7.2M5.0M15.1M12.9M9.2M
Total Liab119.7M158.5M152.5M200.4M153.4M147.0M
Total Current Assets1.2B1.3B1.3B1.3B1.3B967.1M
Non Current Liabilities Other3.0M3.6M4.8M4.1M6.4M3.8M
Intangible Assets1.6M23.8M22.5M22.1M21.1M16.6M
Other Current Liab1.3M3.4M2.8M500.7K22.6K21.5K
Net Invested Capital1.2B1.2B1.2B1.3B1.4B1.0B
Net Working Capital1.1B1.1B1.1B1.2B1.2B953.2M

Currently Active Assets on Macroaxis

Other Information on Investing in Chison Stock

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