Sichuan Net Tangible Assets vs Accounts Payable Analysis

002497 Stock

11.46 0.15 1.29%

Sichuan Yahua financial indicator trend analysis is much more than just breaking down Sichuan Yahua Industrial prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sichuan Yahua Industrial is a good investment. Please check the relationship between Sichuan Yahua Net Tangible Assets and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sichuan Yahua Industrial. 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.

Net Tangible Assets vs Accounts Payable

Net Tangible Assets vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sichuan Yahua Industrial Net Tangible Assets account and Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Sichuan Yahua's Net Tangible Assets and Accounts Payable is 0.93. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Sichuan Yahua Industrial, assuming nothing else is changed. The correlation between historical values of Sichuan Yahua's Net Tangible Assets 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 Tangible Assets of Sichuan Yahua Industrial 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 Tangible Assets i.e., Sichuan Yahua's Net Tangible Assets and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Accounts Payable

An accounting item on the balance sheet that represents Sichuan Yahua 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 Sichuan Yahua Industrial 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 Sichuan Yahua's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sichuan Yahua Industrial 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 Sichuan Yahua Industrial. 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.

As of November 29, 2024, Selling General Administrative is expected to decline to about 260.2 M. The current year's Tax Provision is expected to grow to about (21.4 M)

	2021	2022	2023	2024 (projected)
Operating Income	1.3B	5.7B	1.1B	727.0M
Total Revenue	5.2B	14.5B	11.9B	12.5B

Operating Income Total Revenue

Sichuan Yahua fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Good Will	Short Term Investments	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other
Total Assets		0.4	0.98	0.99	0.96	0.98	0.89	0.91	-0.12	0.63	0.96	0.76	0.97	0.41	0.61	0.87	0.43	-0.74	0.55	0.95	0.96	-0.34	0.68	0.98	0.91	0.11
Other Current Liab	0.4		0.4	0.41	0.4	0.33	0.48	0.38	0.26	0.42	0.35	0.42	0.36	0.17	0.37	0.43	-0.03	-0.28	0.41	0.45	0.28	0.01	0.31	0.39	0.37	0.01
Total Current Liabilities	0.98	0.4		0.96	0.95	0.95	0.86	0.84	-0.1	0.66	0.94	0.75	0.98	0.43	0.6	0.86	0.41	-0.72	0.54	0.91	0.95	-0.24	0.74	0.95	0.91	0.21
Total Stockholder Equity	0.99	0.41	0.96		0.94	0.98	0.88	0.93	-0.1	0.59	0.96	0.75	0.94	0.38	0.58	0.83	0.36	-0.71	0.55	0.96	0.94	-0.38	0.62	0.99	0.89	0.13
Other Liab	0.96	0.4	0.95	0.94		0.89	0.93	0.82	-0.22	0.77	0.88	0.79	0.96	0.5	0.7	0.92	0.49	-0.84	0.62	0.96	0.92	-0.24	0.78	0.93	0.9	-0.08
Retained Earnings	0.98	0.33	0.95	0.98	0.89		0.82	0.92	-0.11	0.51	0.98	0.68	0.93	0.34	0.51	0.77	0.37	-0.65	0.48	0.9	0.96	-0.39	0.59	0.98	0.89	0.25
Accounts Payable	0.89	0.48	0.86	0.88	0.93	0.82		0.72	-0.17	0.83	0.86	0.79	0.86	0.43	0.62	0.81	0.34	-0.77	0.84	0.93	0.83	-0.32	0.65	0.89	0.81	-0.07
Cash	0.91	0.38	0.84	0.93	0.82	0.92	0.72		-0.05	0.33	0.86	0.65	0.82	0.17	0.38	0.71	0.31	-0.54	0.36	0.9	0.86	-0.43	0.47	0.92	0.83	0.13
Other Assets	-0.12	0.26	-0.1	-0.1	-0.22	-0.11	-0.17	-0.05		-0.22	-0.13	0.29	-0.15	-0.51	-0.22	-0.06	-0.23	0.33	-0.08	-0.16	-0.17	-0.07	-0.29	-0.14	-0.17	0.19
Net Receivables	0.63	0.42	0.66	0.59	0.77	0.51	0.83	0.33	-0.22		0.58	0.62	0.7	0.61	0.82	0.77	0.47	-0.75	0.76	0.64	0.59	0.03	0.79	0.58	0.68	-0.2
Inventory	0.96	0.35	0.94	0.96	0.88	0.98	0.86	0.86	-0.13	0.58		0.63	0.91	0.36	0.52	0.75	0.35	-0.69	0.55	0.88	0.92	-0.35	0.6	0.98	0.87	0.24
Other Current Assets	0.76	0.42	0.75	0.75	0.79	0.68	0.79	0.65	0.29	0.62	0.63		0.74	0.17	0.46	0.79	0.3	-0.53	0.67	0.82	0.74	-0.4	0.5	0.72	0.68	-0.09
Total Liab	0.97	0.36	0.98	0.94	0.96	0.93	0.86	0.82	-0.15	0.7	0.91	0.74		0.47	0.64	0.92	0.57	-0.78	0.51	0.9	0.96	-0.24	0.78	0.93	0.92	0.07
Intangible Assets	0.41	0.17	0.43	0.38	0.5	0.34	0.43	0.17	-0.51	0.61	0.36	0.17	0.47		0.61	0.54	0.39	-0.51	0.27	0.35	0.35	0.12	0.55	0.34	0.44	-0.14
Common Stock	0.61	0.37	0.6	0.58	0.7	0.51	0.62	0.38	-0.22	0.82	0.52	0.46	0.64	0.61		0.76	0.45	-0.73	0.4	0.56	0.54	0.15	0.81	0.52	0.67	-0.11
Property Plant Equipment	0.87	0.43	0.86	0.83	0.92	0.77	0.81	0.71	-0.06	0.77	0.75	0.79	0.92	0.54	0.76		0.66	-0.84	0.47	0.83	0.83	-0.13	0.8	0.79	0.82	-0.23
Long Term Debt	0.43	-0.03	0.41	0.36	0.49	0.37	0.34	0.31	-0.23	0.47	0.35	0.3	0.57	0.39	0.45	0.66		-0.55	0.08	0.34	0.53	-0.1	0.56	0.36	0.55	-0.42
Good Will	-0.74	-0.28	-0.72	-0.71	-0.84	-0.65	-0.77	-0.54	0.33	-0.75	-0.69	-0.53	-0.78	-0.51	-0.73	-0.84	-0.55		-0.43	-0.72	-0.72	-0.06	-0.84	-0.7	-0.63	0.34
Short Term Investments	0.55	0.41	0.54	0.55	0.62	0.48	0.84	0.36	-0.08	0.76	0.55	0.67	0.51	0.27	0.4	0.47	0.08	-0.43		0.65	0.51	-0.43	0.31	0.58	0.51	-0.07
Net Tangible Assets	0.95	0.45	0.91	0.96	0.96	0.9	0.93	0.9	-0.16	0.64	0.88	0.82	0.9	0.35	0.56	0.83	0.34	-0.72	0.65		0.9	-0.38	0.63	0.95	0.87	-0.02
Other Stockholder Equity	0.96	0.28	0.95	0.94	0.92	0.96	0.83	0.86	-0.17	0.59	0.92	0.74	0.96	0.35	0.54	0.83	0.53	-0.72	0.51	0.9		-0.37	0.69	0.94	0.9	0.13
Deferred Long Term Liab	-0.34	0.01	-0.24	-0.38	-0.24	-0.39	-0.32	-0.43	-0.07	0.03	-0.35	-0.4	-0.24	0.12	0.15	-0.13	-0.1	-0.06	-0.43	-0.38	-0.37		0.3	-0.4	-0.27	0.03
Long Term Investments	0.68	0.31	0.74	0.62	0.78	0.59	0.65	0.47	-0.29	0.79	0.6	0.5	0.78	0.55	0.81	0.8	0.56	-0.84	0.31	0.63	0.69	0.3		0.6	0.74	-0.06
Total Current Assets	0.98	0.39	0.95	0.99	0.93	0.98	0.89	0.92	-0.14	0.58	0.98	0.72	0.93	0.34	0.52	0.79	0.36	-0.7	0.58	0.95	0.94	-0.4	0.6		0.89	0.14
Non Current Assets Total	0.91	0.37	0.91	0.89	0.9	0.89	0.81	0.83	-0.17	0.68	0.87	0.68	0.92	0.44	0.67	0.82	0.55	-0.63	0.51	0.87	0.9	-0.27	0.74	0.89		0.15
Non Currrent Assets Other	0.11	0.01	0.21	0.13	-0.08	0.25	-0.07	0.13	0.19	-0.2	0.24	-0.09	0.07	-0.14	-0.11	-0.23	-0.42	0.34	-0.07	-0.02	0.13	0.03	-0.06	0.14	0.15

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Sichuan Yahua Account Relationship Matchups

Sichuan Yahua fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.2B	7.0B	9.1B	14.6B	14.6B	15.3B
Other Current Liab	142.7M	277.7M	321.9M	273.3M	271.7M	214.8M
Total Current Liabilities	920.7M	1.0B	1.9B	2.7B	3.0B	3.2B
Total Stockholder Equity	2.8B	5.1B	6.4B	10.9B	10.3B	10.9B
Other Liab	133.7M	150.9M	226.7M	307.8M	353.9M	371.6M
Retained Earnings	1.3B	1.6B	2.5B	6.8B	6.3B	6.6B
Accounts Payable	329.6M	474.0M	1.3B	1.1B	888.2M	932.6M
Cash	333.1M	2.0B	935.6M	3.0B	3.4B	3.6B
Other Assets	183.4M	112.9M	103.7M	186.6M	214.6M	214.4M
Net Receivables	836.5M	607.0M	1.5B	920.8M	963.0M	521.9M
Inventory	408.7M	451.9M	1.2B	3.2B	2.2B	2.3B
Other Current Assets	114.9M	132.7M	288.7M	142.6M	261.6M	274.6M
Total Liab	2.1B	1.5B	2.3B	3.3B	3.8B	4.0B
Intangible Assets	561.6M	541.3M	581.4M	573.8M	580.7M	369.3M
Property Plant Equipment	1.1B	1.5B	1.4B	1.5B	1.7B	1.8B
Long Term Debt	1.0B	277.5M	126.3M	291.4M	477.0M	317.0M
Good Will	406.8M	383.1M	386.6M	340.3M	475.7M	359.8M
Short Term Investments	167.7M	41.4M	1.5B	695.2M	593.5M	403.5M
Net Tangible Assets	1.6B	1.9B	4.2B	5.4B	6.2B	6.5B
Other Stockholder Equity	229.7M	127.3M	241.6M	375.4M	431.8M	453.3M
Deferred Long Term Liab	7.6M	8.6M	6.9M	7.0M	6.3M	6.4M
Total Current Assets	1.9B	3.7B	5.5B	10.1B	8.8B	9.3B
Non Current Assets Total	3.4B	3.3B	3.6B	4.5B	5.8B	4.0B
Non Currrent Assets Other	15.1M	3.9M	52.5M	140.9M	169.7M	105.0M
Non Current Liabilities Total	1.1B	504.2M	455.9M	623.3M	784.7M	576.7M
Short Long Term Debt	252.9M	134.9M	23.2M	296.5M	1.2B	1.2B
Net Invested Capital	4.1B	5.5B	6.5B	11.5B	12.0B	7.3B
Net Working Capital	940.3M	2.7B	3.6B	7.4B	5.8B	3.3B

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

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Sichuan Net Tangible Assets vs Accounts Payable Analysis

Net Tangible Assets vs Accounts Payable

Net Tangible Assets vs Accounts Payable Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Accounts Payable

Sichuan Yahua fundamental ratios Correlations

Sichuan Yahua Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sichuan Yahua fundamental ratios Accounts

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Total Stockholder Equity	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Stockholder Equity
Total Current Liabilities	+ 0.98	Total Assets
Retained Earnings	+ 0.98	Total Assets
Total Current Assets	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Current Liabilities

Long Term Investments	- 0.84	Good Will
Good Will	- 0.84	Property Plant Equipment
Good Will	- 0.84	Other Liab
Good Will	- 0.78	Total Liab
Good Will	- 0.77	Accounts Payable
Good Will	- 0.75	Net Receivables