Beijing Accounts Payable vs Total Assets Analysis

688722 Stock   14.23  0.42  2.87%   
Beijing Tongyizhong financial indicator trend analysis is way more than just evaluating Beijing Tongyizhong New prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Beijing Tongyizhong New is a good investment. Please check the relationship between Beijing Tongyizhong Accounts Payable and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Beijing Tongyizhong New. 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 Total Assets

Accounts Payable vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Beijing Tongyizhong New Accounts Payable account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Beijing Tongyizhong's Accounts Payable and Total Assets is 0.96. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Assets in the same time period over historical financial statements of Beijing Tongyizhong New, assuming nothing else is changed. The correlation between historical values of Beijing Tongyizhong's Accounts Payable and Total Assets 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 Beijing Tongyizhong New are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Accounts Payable i.e., Beijing Tongyizhong's Accounts Payable and Total Assets go up and down completely randomly.

Correlation Coefficient

0.96
Relationship DirectionPositive 
Relationship StrengthVery Strong

Accounts Payable

An accounting item on the balance sheet that represents Beijing Tongyizhong 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 Beijing Tongyizhong New 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.

Total Assets

Total assets refers to the total amount of Beijing Tongyizhong assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Beijing Tongyizhong New books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Beijing Tongyizhong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Beijing Tongyizhong New 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 Beijing Tongyizhong New. 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 23.1 M, whereas Tax Provision is forecasted to decline to about 14.6 M.
 2021 2022 2023 2024 (projected)
Interest Expense86.7K347.8K771.2K732.7K
Depreciation And Amortization18.5M16.5M19.0M13.7M

Beijing Tongyizhong fundamental ratios Correlations

-0.550.150.990.94-0.950.780.960.940.960.690.950.940.930.84-0.880.970.380.980.920.980.760.920.90.720.87
-0.550.58-0.62-0.640.5-0.49-0.64-0.32-0.60.05-0.7-0.59-0.55-0.590.61-0.650.4-0.5-0.5-0.66-0.77-0.47-0.58-0.39-0.36
0.150.580.040.1-0.310.410.050.360.160.690.080.120.090.180.16-0.060.970.140.17-0.05-0.190.340.190.430.31
0.99-0.620.040.93-0.920.740.960.920.940.620.950.930.920.82-0.910.990.270.980.910.990.780.890.880.670.85
0.94-0.640.10.93-0.90.820.960.841.00.580.90.950.870.95-0.720.920.320.860.860.930.810.90.90.860.73
-0.950.5-0.31-0.92-0.9-0.89-0.88-0.95-0.92-0.72-0.96-0.85-0.81-0.820.77-0.88-0.5-0.92-0.88-0.89-0.67-0.92-0.87-0.79-0.84
0.78-0.490.410.740.82-0.890.760.750.830.620.870.80.730.85-0.510.660.580.720.680.70.690.920.880.880.78
0.96-0.640.050.960.96-0.880.760.860.970.60.910.970.950.86-0.840.950.30.910.880.950.740.870.850.780.75
0.94-0.320.360.920.84-0.950.750.860.870.760.870.810.810.71-0.810.880.550.950.870.880.550.860.780.680.84
0.96-0.60.160.941.0-0.920.830.970.870.650.910.950.880.95-0.730.920.380.880.890.930.780.920.90.870.75
0.690.050.690.620.58-0.720.620.60.760.650.610.630.620.57-0.480.570.810.670.80.550.30.710.60.620.68
0.95-0.70.080.950.9-0.960.870.910.870.910.610.890.870.83-0.850.920.30.930.880.930.810.920.910.710.87
0.94-0.590.120.930.95-0.850.80.970.810.950.630.890.980.9-0.780.910.370.890.840.930.810.920.910.780.82
0.93-0.550.090.920.87-0.810.730.950.810.880.620.870.980.78-0.850.90.350.910.820.910.740.870.850.670.85
0.84-0.590.180.820.95-0.820.850.860.710.950.570.830.90.78-0.530.790.370.730.770.820.850.910.930.90.69
-0.880.610.16-0.91-0.720.77-0.51-0.84-0.81-0.73-0.48-0.85-0.78-0.85-0.53-0.93-0.07-0.93-0.82-0.91-0.61-0.67-0.66-0.36-0.76
0.97-0.65-0.060.990.92-0.880.660.950.880.920.570.920.910.90.79-0.930.180.960.910.990.780.830.840.610.79
0.380.40.970.270.32-0.50.580.30.550.380.810.30.370.350.37-0.070.180.370.370.190.010.550.40.580.51
0.98-0.50.140.980.86-0.920.720.910.950.880.670.930.890.910.73-0.930.960.370.890.960.70.880.840.590.9
0.92-0.50.170.910.86-0.880.680.880.870.890.80.880.840.820.77-0.820.910.370.890.880.630.790.760.680.73
0.98-0.66-0.050.990.93-0.890.70.950.880.930.550.930.930.910.82-0.910.990.190.960.880.810.860.880.640.82
0.76-0.77-0.190.780.81-0.670.690.740.550.780.30.810.810.740.85-0.610.780.010.70.630.810.810.910.560.72
0.92-0.470.340.890.9-0.920.920.870.860.920.710.920.920.870.91-0.670.830.550.880.790.860.810.980.810.92
0.9-0.580.190.880.9-0.870.880.850.780.90.60.910.910.850.93-0.660.840.40.840.760.880.910.980.760.89
0.72-0.390.430.670.86-0.790.880.780.680.870.620.710.780.670.9-0.360.610.580.590.680.640.560.810.760.53
0.87-0.360.310.850.73-0.840.780.750.840.750.680.870.820.850.69-0.760.790.510.90.730.820.720.920.890.53
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Beijing Tongyizhong Account Relationship Matchups

Beijing Tongyizhong fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets814.5M800.8M1.1B1.5B1.5B1.0B
Other Current Liab77.3M27.1M42.9M151.9M8.7M8.2M
Total Current Liabilities92.6M57.4M69.5M217.0M123.9M131.3M
Total Stockholder Equity717.6M721.0M1.0B1.2B1.2B830.7M
Property Plant And Equipment Net252.3M281.7M285.4M425.4M635.0M332.5M
Net Debt(378.9M)(147.9M)(310.0M)(702.0M)(631.8M)(600.2M)
Retained Earnings72.2M67.3M114.6M268.8M306.9M322.2M
Accounts Payable15.3M30.4M22.9M38.7M45.8M25.1M
Cash378.9M147.9M315.5M728.5M456.4M337.8M
Non Current Assets Total306.3M332.4M337.5M543.5M738.6M407.4M
Non Currrent Assets Other6.5M5.2M8.0M34.8M17.2M15.6M
Cash And Short Term Investments378.9M349.2M615.6M728.5M837.7M879.6M
Common Stock Shares Outstanding80.4M167.4M175.1M224.7M258.4M162.3M
Liabilities And Stockholders Equity814.5M800.8M1.1B1.5B1.7B903.2M
Non Current Liabilities Total4.2M22.4M22.8M30.4M27.2M18.3M
Inventory93.0M98.9M114.8M133.4M198.0M129.3M
Other Current Assets17.9M9.1M2.2M5.5M21.7M16.2M
Other Stockholder Equity477.0M485.2M661.6M681.2M783.4M448.7M
Total Liab96.8M79.9M92.3M247.3M151.2M149.6M
Total Current Assets508.1M468.4M755.7M947.4M714.3M595.1M
Intangible Assets45.1M44.1M43.2M63.6M62.0M50.6M

Currently Active Assets on Macroaxis

Other Information on Investing in Beijing Stock

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