000860 Stock | | | 20.33 0.65 3.10% |
Beijing Shunxin financial indicator trend analysis is way more than just evaluating Beijing Shunxin Agri prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Beijing Shunxin Agri is a good investment. Please check the relationship between Beijing Shunxin Common Stock Shares Outstanding and its Accounts Payable accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Beijing Shunxin Agriculture. 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.
Common Stock Shares Outstanding vs Accounts Payable
Common Stock Shares Outstanding vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Beijing Shunxin Agri Common Stock Shares Outstanding account and
Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Beijing Shunxin's Common Stock Shares Outstanding and Accounts Payable is 0.45. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Beijing Shunxin Agriculture, assuming nothing else is changed. The correlation between historical values of Beijing Shunxin's Common Stock Shares Outstanding 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 Common Stock Shares Outstanding of Beijing Shunxin Agriculture 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 Common Stock Shares Outstanding i.e., Beijing Shunxin's Common Stock Shares Outstanding and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.45 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Accounts Payable
An accounting item on the balance sheet that represents Beijing Shunxin 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 Shunxin Agri 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 Beijing Shunxin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Beijing Shunxin Agri 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 Shunxin Agriculture. 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 125.4
M, whereas
Tax Provision is forecasted to decline to about 333.7
M.
Beijing Shunxin fundamental ratios Correlations
Click cells to compare fundamentals
Beijing Shunxin Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Beijing Shunxin fundamental ratios Accounts
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Other Information on Investing in Beijing Stock
Balance Sheet is a snapshot of the
financial position of Beijing Shunxin Agri at a specified time, usually calculated after every quarter, six months, or one year. Beijing Shunxin Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Beijing Shunxin 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.