| 002108 Stock | | | 3.97 0.36 9.97% |
Cangzhou Mingzhu financial indicator trend analysis is way more than just evaluating Cangzhou Mingzhu Plastic prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cangzhou Mingzhu Plastic is a good investment. Please check the relationship between Cangzhou Mingzhu Accounts Payable and its Non Current Liabilities Other accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Cangzhou Mingzhu Plastic. 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.
Accounts Payable vs Non Current Liabilities Other
Accounts Payable vs Non Current Liabilities Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Cangzhou Mingzhu Plastic Accounts Payable account and
Non Current Liabilities Other. At this time, the significance of the direction appears to have pay attention.
The correlation between Cangzhou Mingzhu's Accounts Payable and Non Current Liabilities Other is -0.87. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Non Current Liabilities Other in the same time period over historical financial statements of Cangzhou Mingzhu Plastic, assuming nothing else is changed. The correlation between historical values of Cangzhou Mingzhu's Accounts Payable and Non Current Liabilities Other 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 Cangzhou Mingzhu Plastic are associated (or correlated) with its Non Current Liabilities Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Other has no effect on the direction of Accounts Payable i.e., Cangzhou Mingzhu's Accounts Payable and Non Current Liabilities Other go up and down completely randomly.
Correlation Coefficient | -0.87 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Cangzhou Mingzhu 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 Cangzhou Mingzhu Plastic 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.
Non Current Liabilities Other
Most indicators from Cangzhou Mingzhu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cangzhou Mingzhu Plastic 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 Cangzhou Mingzhu Plastic. 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.
The current year's
Selling General Administrative is expected to grow to about 113.5
M. The current year's
Tax Provision is expected to grow to about 67
MCangzhou Mingzhu fundamental ratios Correlations
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Cangzhou Mingzhu Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cangzhou Mingzhu fundamental ratios Accounts
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Other Information on Investing in Cangzhou Stock
Balance Sheet is a snapshot of the
financial position of Cangzhou Mingzhu Plastic at a specified time, usually calculated after every quarter, six months, or one year. Cangzhou Mingzhu Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Cangzhou Mingzhu 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 Cangzhou currently owns. An asset can also be divided into two categories, current and non-current.