Mingzhu Days Payables Outstanding from 2010 to 2024

YGMZ Stock  USD 0.88  0.07  7.37%   
Mingzhu Logistics Days Payables Outstanding yearly trend continues to be fairly stable with very little volatility. Days Payables Outstanding is likely to outpace its year average in 2024. During the period from 2010 to 2024, Mingzhu Logistics Days Payables Outstanding regression line of annual values had r-squared of  0.13 and arithmetic mean of  38.80. View All Fundamentals
 
Days Payables Outstanding  
First Reported
2010-12-31
Previous Quarter
78.29216279
Current Value
82.21
Quarterly Volatility
18.25168904
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Mingzhu Logistics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Mingzhu Logistics' main balance sheet or income statement drivers, such as Tax Provision of 436.1 K, Depreciation And Amortization of 1.6 M or Interest Expense of 576.3 K, as well as many indicators such as Price To Sales Ratio of 1.07, Dividend Yield of 0.0084 or PTB Ratio of 2.14. Mingzhu financial statements analysis is a perfect complement when working with Mingzhu Logistics Valuation or Volatility modules.
  
Check out the analysis of Mingzhu Logistics Correlation against competitors.

Latest Mingzhu Logistics' Days Payables Outstanding Growth Pattern

Below is the plot of the Days Payables Outstanding of Mingzhu Logistics Holdings over the last few years. It is Mingzhu Logistics' Days Payables Outstanding historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Mingzhu Logistics' overall financial position and show how it may be relating to other accounts over time.
Days Payables Outstanding10 Years Trend
Slightly volatile
   Days Payables Outstanding   
       Timeline  

Mingzhu Days Payables Outstanding Regression Statistics

Arithmetic Mean38.80
Geometric Mean35.49
Coefficient Of Variation47.04
Mean Deviation11.05
Median37.12
Standard Deviation18.25
Sample Variance333.12
Range68.4389
R-Value0.36
Mean Square Error312.67
R-Squared0.13
Significance0.19
Slope1.46
Total Sum of Squares4,664

Mingzhu Days Payables Outstanding History

2024 82.21
2023 78.29
2022 24.15
2021 31.81
2020 32.27
2019 22.54
2018 13.77

About Mingzhu Logistics Financial Statements

Mingzhu Logistics investors use historical fundamental indicators, such as Mingzhu Logistics' Days Payables Outstanding, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Mingzhu Logistics. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Days Payables Outstanding 78.29  82.21 

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Additional Tools for Mingzhu Stock Analysis

When running Mingzhu Logistics' price analysis, check to measure Mingzhu Logistics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mingzhu Logistics is operating at the current time. Most of Mingzhu Logistics' value examination focuses on studying past and present price action to predict the probability of Mingzhu Logistics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mingzhu Logistics' price. Additionally, you may evaluate how the addition of Mingzhu Logistics to your portfolios can decrease your overall portfolio volatility.