FinVolution Net Invested Capital vs Accounts Payable Analysis

FINV Stock  USD 6.18  0.11  1.75%   
FinVolution financial indicator trend analysis is much more than just examining FinVolution Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether FinVolution Group is a good investment. Please check the relationship between FinVolution Net Invested Capital and its Accounts Payable accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FinVolution Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Invested Capital vs Accounts Payable

Net Invested Capital vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of FinVolution Group Net Invested Capital account and Accounts Payable. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between FinVolution's Net Invested Capital and Accounts Payable is -0.02. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of FinVolution Group, assuming nothing else is changed. The correlation between historical values of FinVolution's Net Invested Capital 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 Net Invested Capital of FinVolution Group 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 Net Invested Capital i.e., FinVolution's Net Invested Capital and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.02
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Accounts Payable

An accounting item on the balance sheet that represents FinVolution 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 FinVolution Group 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 FinVolution's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into FinVolution Group 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FinVolution Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, FinVolution's Selling General Administrative is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 0.74 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.03 in 2024.
 2023 2024 (projected)
Interest Income1.3B1.3B
Tax Provision468.5M315.3M

FinVolution fundamental ratios Correlations

0.540.250.640.980.970.940.940.77-0.90.750.20.950.870.680.310.930.71-0.240.80.730.860.880.970.841.0
0.540.620.740.440.610.370.680.12-0.240.24-0.30.330.350.890.230.260.940.10.130.080.80.440.650.370.55
0.250.620.770.090.450.070.26-0.320.01-0.170.160.03-0.020.59-0.43-0.030.670.39-0.12-0.260.590.410.450.10.28
0.640.740.770.50.750.390.690.04-0.310.050.270.420.240.70.00.390.830.410.3-0.030.750.770.790.260.67
0.980.440.090.50.920.950.90.84-0.930.820.150.980.90.60.370.960.61-0.320.840.80.790.80.910.850.97
0.970.610.450.750.920.880.910.64-0.830.650.240.880.80.750.150.860.79-0.140.720.620.920.90.990.80.98
0.940.370.070.390.950.880.860.91-0.970.910.150.930.980.560.340.920.58-0.560.80.910.760.780.870.950.93
0.940.680.260.690.90.910.860.71-0.780.680.170.830.80.670.490.850.82-0.20.780.620.810.830.940.780.94
0.770.12-0.320.040.840.640.910.71-0.90.930.10.830.940.290.440.870.29-0.710.820.970.480.550.630.880.75
-0.9-0.240.01-0.31-0.93-0.83-0.97-0.78-0.9-0.89-0.22-0.96-0.95-0.48-0.29-0.93-0.460.55-0.79-0.92-0.7-0.76-0.82-0.91-0.89
0.750.24-0.170.050.820.650.910.680.93-0.89-0.130.80.970.440.40.780.39-0.780.660.960.590.460.630.930.73
0.2-0.30.160.270.150.240.150.170.1-0.22-0.130.210.03-0.31-0.180.34-0.040.20.490.06-0.050.520.250.110.22
0.950.330.030.420.980.880.930.830.83-0.960.80.210.880.530.310.970.51-0.330.810.820.750.790.860.820.94
0.870.35-0.020.240.90.80.980.80.94-0.950.970.030.880.540.350.870.53-0.690.750.950.710.640.780.980.85
0.680.890.590.70.60.750.560.670.29-0.480.44-0.310.530.540.00.410.86-0.090.180.30.940.550.750.530.68
0.310.23-0.430.00.370.150.340.490.44-0.290.4-0.180.310.350.00.370.25-0.240.410.330.050.120.220.270.3
0.930.26-0.030.390.960.860.920.850.87-0.930.780.340.970.870.410.370.47-0.320.930.820.650.80.830.830.92
0.710.940.670.830.610.790.580.820.29-0.460.39-0.040.510.530.860.250.47-0.010.350.260.880.660.820.570.73
-0.240.10.390.41-0.32-0.14-0.56-0.2-0.710.55-0.780.2-0.33-0.69-0.09-0.24-0.32-0.01-0.28-0.8-0.13-0.04-0.13-0.67-0.22
0.80.13-0.120.30.840.720.80.780.82-0.790.660.490.810.750.180.410.930.35-0.280.730.450.730.710.750.79
0.730.08-0.26-0.030.80.620.910.620.97-0.920.960.060.820.950.30.330.820.26-0.80.730.490.50.590.920.7
0.860.80.590.750.790.920.760.810.48-0.70.59-0.050.750.710.940.050.650.88-0.130.450.490.750.910.710.87
0.880.440.410.770.80.90.780.830.55-0.760.460.520.790.640.550.120.80.66-0.040.730.50.750.930.640.9
0.970.650.450.790.910.990.870.940.63-0.820.630.250.860.780.750.220.830.82-0.130.710.590.910.930.770.98
0.840.370.10.260.850.80.950.780.88-0.910.930.110.820.980.530.270.830.57-0.670.750.920.710.640.770.82
1.00.550.280.670.970.980.930.940.75-0.890.730.220.940.850.680.30.920.73-0.220.790.70.870.90.980.82
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FinVolution Account Relationship Matchups

FinVolution fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets18.3B14.9B18.1B21.4B21.3B14.5B
Short Long Term Debt Total320.1M43.3M33.4M177.0M41.6M39.6M
Other Current Liab9.7B(812.5M)(514.4M)(1.0B)729.6M693.1M
Total Current Liabilities10.0B3.9B4.1B5.0B942.9M895.7M
Total Stockholder Equity7.9B8.4B10.7B12.4B13.7B7.8B
Other Liab9.4B5.5B6.3B7.4B8.6B5.6B
Net Tangible Assets7.8B8.2B10.5B12.2B14.1B14.8B
Property Plant And Equipment Net230.1M148.8M161.5M333.8M179.0M166.6M
Current Deferred Revenue55.7M1.3B1.1B1.8B1.9B2.0B
Net Debt(2.0B)(2.6B)(4.4B)(3.5B)(4.9B)(4.7B)
Retained Earnings2.0B2.7B4.7B6.5B9.1B9.6B
Accounts Payable1.1B905.0M0.0357.3M321.6M396.6M
Cash2.3B2.6B4.4B3.6B5.0B2.7B
Non Current Assets Total1.4B1.4B1.7B2.5B3.1B3.2B
Non Currrent Assets Other7.6M56.3M1.4B411.1M472.8M383.2M
Other Assets129.7M155.8M455.7M919.4M205.5M301.9M
Cash And Short Term Investments2.4B4.6B5.6B7.1B7.9B4.4B
Net Receivables9.4B863.9M1.9B6.1B2.2B3.2B
Common Stock Shares Outstanding310.5M298.3M296.5M290.9M280.6M240.7M
Short Term Investments114.6M2.0B1.2B3.4B3.0B1.7B
Liabilities And Stockholders Equity18.3B14.9B18.1B21.4B21.3B14.5B
Non Current Liabilities Total284.1M2.5B3.4B4.0B6.5B6.8B
Capital Lease Obligations85.1M43.3M33.4M177.0M35.9M45.8M
Inventory(8.3B)(3.4B)(2.7B)(3.6B)(2.9B)(3.1B)
Other Current Assets13.4B4.5B5.9B5.8B7.9B5.5B
Other Stockholder Equity5.6B5.3B5.4B5.1B3.8B4.5B
Total Liab10.3B6.5B7.4B8.9B7.4B6.7B
Long Term Investments952.8M950.5M971.1M1.1B1.1B644.4M
Property Plant And Equipment Gross230.1M148.8M161.5M333.8M452.5M475.1M
Total Current Assets16.9B13.5B16.4B18.9B18.0B13.1B
Accumulated Other Comprehensive Income387.5M452.9M593.6M750.6M842.5M884.6M
Non Current Liabilities Other55.2M2.4B64.7M3.6B3.4B3.6B
Short Term Debt17.3M25M235M5.8M6.6M6.3M
Intangible Assets68.9M64.3M98.9M98.7M113.5M72.4M
Property Plant Equipment230.1M148.8M161.5M333.8M383.8M403.0M

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