Shenzhen Deferred Long Term Liab vs Accounts Payable Analysis

002813 Stock   25.96  0.39  1.53%   
Shenzhen RoadRover financial indicator trend analysis is much more than just breaking down Shenzhen RoadRover prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen RoadRover is a good investment. Please check the relationship between Shenzhen RoadRover Deferred Long Term Liab and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen RoadRover Technology. 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.

Deferred Long Term Liab vs Accounts Payable

Deferred Long Term Liab vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen RoadRover Deferred Long Term Liab account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Shenzhen RoadRover's Deferred Long Term Liab and Accounts Payable is 0.74. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Shenzhen RoadRover Technology, assuming nothing else is changed. The correlation between historical values of Shenzhen RoadRover's Deferred Long Term Liab 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 Deferred Long Term Liab of Shenzhen RoadRover Technology 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 Deferred Long Term Liab i.e., Shenzhen RoadRover's Deferred Long Term Liab and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.74
Relationship DirectionPositive 
Relationship StrengthSignificant

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.

Accounts Payable

An accounting item on the balance sheet that represents Shenzhen RoadRover 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 Shenzhen RoadRover 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 Shenzhen RoadRover's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen RoadRover 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 Shenzhen RoadRover Technology. 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 Tax Provision is expected to grow to about 14.9 M, whereas Selling General Administrative is forecasted to decline to about 30.4 M.
 2021 2022 2023 2024 (projected)
Cost Of Revenue308.5M273.9M220.2M408.3M
Research Development17.4M15.1M30.9M33.3M

Shenzhen RoadRover fundamental ratios Correlations

-0.30.940.830.450.670.890.620.520.870.870.790.940.740.430.550.06-0.050.75-0.010.770.880.890.20.330.66
-0.3-0.08-0.60.020.15-0.10.19-0.42-0.180.040.09-0.060.04-0.78-0.420.8-0.53-0.08-0.40.02-0.22-0.05-0.650.530.28
0.94-0.080.610.350.630.960.630.450.920.910.810.990.680.220.350.32-0.190.66-0.040.860.920.940.140.440.73
0.83-0.60.610.410.60.540.410.480.630.60.530.60.60.650.64-0.40.250.760.030.480.660.620.350.040.42
0.450.020.350.410.620.430.62-0.030.120.440.70.430.820.210.710.21-0.460.35-0.490.050.060.2-0.450.580.41
0.670.150.630.60.620.550.810.090.470.820.690.640.82-0.110.440.34-0.40.86-0.50.490.510.65-0.360.750.86
0.89-0.10.960.540.430.550.60.310.850.860.770.970.650.230.450.31-0.240.54-0.040.740.820.860.080.450.61
0.620.190.630.410.620.810.60.110.350.820.70.650.87-0.180.340.54-0.490.68-0.450.350.460.66-0.530.880.88
0.52-0.420.450.48-0.030.090.310.110.420.340.410.450.220.51-0.03-0.180.310.310.080.40.540.380.54-0.160.26
0.87-0.180.920.630.120.470.850.350.420.760.650.880.460.340.250.110.030.640.130.940.950.910.380.150.53
0.870.040.910.60.440.820.860.820.340.760.80.90.80.030.30.44-0.350.83-0.270.740.840.92-0.110.680.91
0.790.090.810.530.70.690.770.70.410.650.80.840.890.230.370.43-0.390.61-0.30.670.640.71-0.130.570.74
0.94-0.060.990.60.430.640.970.650.450.880.90.840.710.230.410.33-0.220.63-0.060.830.870.910.080.460.71
0.740.040.680.60.820.820.650.870.220.460.80.890.710.170.540.37-0.410.7-0.380.450.50.63-0.340.710.79
0.43-0.780.220.650.21-0.110.23-0.180.510.340.030.230.230.170.47-0.690.60.10.360.140.30.110.71-0.53-0.23
0.55-0.420.350.640.710.440.450.34-0.030.250.30.370.410.540.47-0.3-0.040.260.020.060.150.22-0.060.130.09
0.060.80.32-0.40.210.340.310.54-0.180.110.440.430.330.37-0.69-0.3-0.790.14-0.380.30.130.33-0.680.80.6
-0.05-0.53-0.190.25-0.46-0.4-0.24-0.490.310.03-0.35-0.39-0.22-0.410.6-0.04-0.79-0.130.49-0.140.04-0.190.76-0.77-0.47
0.75-0.080.660.760.350.860.540.680.310.640.830.610.630.70.10.260.14-0.13-0.290.620.720.79-0.040.510.8
-0.01-0.4-0.040.03-0.49-0.5-0.04-0.450.080.13-0.27-0.3-0.06-0.380.360.02-0.380.49-0.290.090.09-0.010.47-0.62-0.49
0.770.020.860.480.050.490.740.350.40.940.740.670.830.450.140.060.3-0.140.620.090.920.890.270.230.62
0.88-0.220.920.660.060.510.820.460.540.950.840.640.870.50.30.150.130.040.720.090.920.940.390.210.66
0.89-0.050.940.620.20.650.860.660.380.910.920.710.910.630.110.220.33-0.190.79-0.010.890.940.080.460.78
0.2-0.650.140.35-0.45-0.360.08-0.530.540.38-0.11-0.130.08-0.340.71-0.06-0.680.76-0.040.470.270.390.08-0.77-0.32
0.330.530.440.040.580.750.450.88-0.160.150.680.570.460.71-0.530.130.8-0.770.51-0.620.230.210.46-0.770.82
0.660.280.730.420.410.860.610.880.260.530.910.740.710.79-0.230.090.6-0.470.8-0.490.620.660.78-0.320.82
Click cells to compare fundamentals

Shenzhen RoadRover Account Relationship Matchups

Shenzhen RoadRover fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.1B540.5M589.3M551.3M511.4M705.3M
Other Current Liab59.7M37.5M71.5M68.5M23.3M22.2M
Total Current Liabilities738.8M130.7M174.5M144.5M133.3M126.6M
Total Stockholder Equity305.8M382.7M387.6M392.0M364.7M460.6M
Other Liab13.2M18.5M15.5M5.7M5.2M4.9M
Retained Earnings(21.3M)57.9M63.1M66.4M(5.7M)(5.4M)
Accounts Payable420.3M74.0M71.7M48.8M45.8M43.5M
Cash99.3M39.9M79.4M77.4M61.2M108.1M
Other Assets186.0M96.2M129.4M122.4M140.8M122.1M
Net Receivables450.8M64.5M134.2M49.2M44.6M42.4M
Inventory179.6M63.5M38.4M45.6M52.1M49.5M
Other Current Assets13.5M10.0M7.4M8.1M4.3M4.1M
Total Liab799.6M158.6M202.5M160.3M147.6M140.2M
Intangible Assets4.5M98.4K1.3M1.1M1.3M1.2M
Property Plant Equipment236.4M163.1M164.3M144.8M166.5M236.6M
Net Tangible Assets668.4M305.3M382.6M386.3M347.7M392.2M
Other Stockholder Equity871.1K6.4K(349.1K)753.7K866.7K910.0K
Deferred Long Term Liab24.9M8.5M4.4M3.3M2.9M2.8M
Short Long Term Debt244.6M5.0M10.0M10.0M19.8M18.8M
Total Current Assets763.2M243.7M299.7M285.1M252.8M480.7M
Non Current Assets Total340.8M296.8M289.7M266.2M258.5M285.8M
Non Currrent Assets Other1.0M624.0K1.2M600K229K217.6K
Non Current Liabilities Total60.8M27.8M28.1M15.8M14.3M24.4M
Non Current Liabilities Other1.1M5.8M7.8M3.5M2.1M2.0M
Net Invested Capital597.9M397.1M397.6M402.0M384.5M509.6M
Net Working Capital24.4M113.0M125.2M140.7M119.6M111.2M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Shenzhen Stock

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