Shenzhen Total Stockholder Equity vs Accounts Payable Analysis

300301 Stock   1.94  0.04  2.02%   
Shenzhen Changfang financial indicator trend analysis is much more than just breaking down Shenzhen Changfang Light prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen Changfang Light is a good investment. Please check the relationship between Shenzhen Changfang Total Stockholder Equity and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Changfang Light. 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.

Total Stockholder Equity vs Accounts Payable

Total Stockholder Equity vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen Changfang Light Total Stockholder Equity account and Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Shenzhen Changfang's Total Stockholder Equity and Accounts Payable is 0.89. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Shenzhen Changfang Light, assuming nothing else is changed. The correlation between historical values of Shenzhen Changfang's Total Stockholder Equity 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 Total Stockholder Equity of Shenzhen Changfang Light 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 Total Stockholder Equity i.e., Shenzhen Changfang's Total Stockholder Equity and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.89
Relationship DirectionPositive 
Relationship StrengthStrong

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Accounts Payable

An accounting item on the balance sheet that represents Shenzhen Changfang 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 Changfang Light 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 Changfang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Changfang Light 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 Changfang Light. 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 84.8 M, whereas Tax Provision is forecasted to decline to about 2.7 M.
 2021 2022 2023 2024 (projected)
Gross Profit224.3M75.2M78.2M74.3M
Research Development69.1M69.0M57.8M88.7M

Shenzhen Changfang fundamental ratios Correlations

0.640.890.960.430.950.910.470.810.910.450.860.890.610.840.560.630.420.70.11-0.190.710.740.380.390.6
0.640.710.530.270.60.470.590.810.510.210.730.540.420.390.650.460.320.170.01-0.010.60.460.350.250.2
0.890.710.720.060.850.70.670.840.730.250.990.860.770.80.640.830.610.41-0.210.20.810.420.590.050.39
0.960.530.720.60.890.940.30.70.920.540.690.810.450.780.40.440.270.820.32-0.40.590.840.210.540.67
0.430.270.060.60.510.52-0.20.20.570.550.070.23-0.40.280.32-0.38-0.540.540.81-0.93-0.10.84-0.590.980.54
0.950.60.850.890.510.840.410.750.920.470.850.810.480.860.690.50.230.570.16-0.270.570.720.20.480.58
0.910.470.70.940.520.840.340.750.830.460.670.760.470.680.420.460.340.770.2-0.30.660.830.280.470.69
0.470.590.670.3-0.20.410.340.720.16-0.130.670.310.590.160.430.640.660.08-0.540.480.740.150.69-0.150.28
0.810.810.840.70.20.750.750.720.590.160.850.640.630.490.680.650.580.34-0.240.140.860.60.580.160.39
0.910.510.730.920.570.920.830.160.590.520.70.810.440.90.450.420.110.630.35-0.40.40.690.080.490.53
0.450.210.250.540.550.470.46-0.130.160.520.220.42-0.070.510.14-0.12-0.10.610.62-0.560.160.58-0.150.590.53
0.860.730.990.690.070.850.670.670.850.70.220.840.730.780.720.810.580.36-0.230.210.790.420.560.060.34
0.890.540.860.810.230.810.760.310.640.810.420.840.640.890.50.720.480.680.1-0.060.690.550.420.20.5
0.610.420.770.45-0.40.480.470.590.630.44-0.070.730.640.540.230.950.840.18-0.590.570.730.020.88-0.440.11
0.840.390.80.780.280.860.680.160.490.90.510.780.890.540.440.580.270.590.19-0.160.450.460.220.240.39
0.560.650.640.40.320.690.420.430.680.450.140.720.50.230.440.340.090.05-0.1-0.060.430.470.120.360.15
0.630.460.830.44-0.380.50.460.640.650.42-0.120.810.720.950.580.340.840.22-0.570.580.770.040.85-0.410.12
0.420.320.610.27-0.540.230.340.660.580.11-0.10.580.480.840.270.090.840.24-0.650.70.86-0.020.98-0.550.11
0.70.170.410.820.540.570.770.080.340.630.610.360.680.180.590.050.220.240.49-0.470.470.760.110.520.74
0.110.01-0.210.320.810.160.2-0.54-0.240.350.62-0.230.1-0.590.19-0.1-0.57-0.650.49-0.93-0.370.51-0.720.790.36
-0.19-0.010.2-0.4-0.93-0.27-0.30.480.14-0.4-0.560.21-0.060.57-0.16-0.060.580.7-0.47-0.930.37-0.650.74-0.92-0.42
0.710.60.810.59-0.10.570.660.740.860.40.160.790.690.730.450.430.770.860.47-0.370.370.420.81-0.110.42
0.740.460.420.840.840.720.830.150.60.690.580.420.550.020.460.470.04-0.020.760.51-0.650.42-0.080.810.7
0.380.350.590.21-0.590.20.280.690.580.08-0.150.560.420.880.220.120.850.980.11-0.720.740.81-0.08-0.590.07
0.390.250.050.540.980.480.47-0.150.160.490.590.060.2-0.440.240.36-0.41-0.550.520.79-0.92-0.110.81-0.590.56
0.60.20.390.670.540.580.690.280.390.530.530.340.50.110.390.150.120.110.740.36-0.420.420.70.070.56
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Shenzhen Changfang Account Relationship Matchups

Shenzhen Changfang fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.3B2.7B1.7B995.3M819.4M778.4M
Other Current Liab124.7M144.1M81.8M6.9M10.1M9.6M
Total Current Liabilities1.7B1.3B811.5M724.0M725.1M948.4M
Total Stockholder Equity1.2B1.2B786.3M192.0M51.6M49.0M
Retained Earnings(352.0M)(389.8M)(759.8M)(1.4B)(1.5B)(1.4B)
Accounts Payable729.7M524.4M293.2M214.3M179.5M170.6M
Cash391.3M240.4M211.3M77.5M30.8M29.2M
Other Assets435.3M474.6M784.6M184.7M212.4M208.5M
Net Receivables757.5M606.0M529.7M162.1M117.7M111.8M
Inventory263.0M201.3M193.5M101.5M82.5M78.4M
Other Current Assets31.0M8.4M7.1M5.4M27.3M20.7M
Total Liab2.1B1.6B912.1M802.6M767.2M1.1B
Intangible Assets102.3M45.3M39.2M33.1M31.6M59.0M
Property Plant Equipment1.1B1.1B648.7M533.7M613.8M866.6M
Long Term Debt349.4M171.4M59M32M5M4.8M
Other Liab46.3M54.5M53.5M41.7M47.9M42.2M
Net Tangible Assets1.1B940.8M962.2M747.1M672.4M910.7M
Deferred Long Term Liab18.9M48.6M51.6M60.6M69.7M73.2M
Short Long Term Debt658.7M472.2M389.0M254.4M160.7M320.0M
Total Current Assets1.4B1.1B941.6M377.4M276.5M262.7M
Non Current Assets Total1.8B1.6B757.6M617.9M542.9M515.7M
Non Currrent Assets Other39.4M21.5M275.6K1.1M972K923.4K
Non Current Liabilities Total403.9M247.9M100.7M78.6M42.1M40.0M
Net Debt557.1M403.2M236.7M208.9M134.9M231.7M
Net Invested Capital2.1B1.8B1.2B478.4M217.2M206.4M
Net Working Capital(219.5M)(222.4M)130.1M(346.6M)(448.6M)(426.2M)

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Other Information on Investing in Shenzhen Stock

Balance Sheet is a snapshot of the financial position of Shenzhen Changfang Light at a specified time, usually calculated after every quarter, six months, or one year. Shenzhen Changfang Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenzhen Changfang 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.