Queclink Accounts Payable vs Short Term Investments Analysis

300590 Stock   14.58  0.30  2.10%   
Queclink Wireless financial indicator trend analysis is much more than just breaking down Queclink Wireless prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Queclink Wireless is a good investment. Please check the relationship between Queclink Wireless Accounts Payable and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Queclink Wireless Solutions. 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.

Accounts Payable vs Short Term Investments

Accounts Payable vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Queclink Wireless Accounts Payable account and Short Term Investments. At this time, the significance of the direction appears to have no relationship.
The correlation between Queclink Wireless' Accounts Payable and Short Term Investments is 0.03. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Queclink Wireless Solutions, assuming nothing else is changed. The correlation between historical values of Queclink Wireless' Accounts Payable and Short Term Investments 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 Queclink Wireless Solutions are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Accounts Payable i.e., Queclink Wireless' Accounts Payable and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.03
Relationship DirectionPositive 
Relationship StrengthInsignificant

Accounts Payable

An accounting item on the balance sheet that represents Queclink Wireless 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 Queclink Wireless 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.

Short Term Investments

Short Term Investments is an item under the current assets section of Queclink Wireless balance sheet. It contains any investments Queclink Wireless Solutions undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Queclink Wireless can easily liquidate in the marketplace.
Most indicators from Queclink Wireless' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Queclink Wireless 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 Queclink Wireless Solutions. 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 Tax Provision is expected to grow to about 9.2 M, whereas Selling General Administrative is forecasted to decline to about 46.3 M.
 2021 2022 2023 2024 (projected)
Operating Income162.7M138.4M177.6M119.2M
Total Revenue920.7M1.0B1.0B538.1M

Queclink Wireless fundamental ratios Correlations

0.640.950.930.910.870.780.710.810.880.160.950.840.840.70.990.840.990.780.940.190.680.230.9-0.270.72
0.640.770.470.450.480.510.440.250.590.190.770.30.410.220.560.40.610.50.590.120.19-0.060.510.30.38
0.950.770.860.840.910.810.690.680.860.221.00.740.790.580.910.80.930.790.90.190.510.050.84-0.20.65
0.930.470.860.980.920.730.650.930.930.090.870.960.910.660.940.940.950.860.920.130.730.270.91-0.580.73
0.910.450.840.980.910.650.620.940.950.020.840.970.940.610.920.940.920.890.920.080.780.360.93-0.60.77
0.870.480.910.920.910.790.650.790.860.20.910.850.880.610.860.890.880.820.890.180.520.030.82-0.550.61
0.780.510.810.730.650.790.520.550.65-0.030.810.610.540.490.750.60.790.60.610.130.320.070.62-0.250.52
0.710.440.690.650.620.650.520.630.510.420.70.520.480.610.690.570.670.410.750.780.39-0.170.55-0.160.31
0.810.250.680.930.940.790.550.630.860.020.680.970.810.670.850.910.850.810.80.140.860.380.87-0.690.76
0.880.590.860.930.950.860.650.510.86-0.020.870.930.880.490.890.950.920.970.86-0.10.790.350.96-0.520.88
0.160.190.220.090.020.2-0.030.420.02-0.020.220.00.030.520.120.160.11-0.110.20.49-0.1-0.8-0.060.15-0.25
0.950.771.00.870.840.910.810.70.680.870.220.750.790.590.910.810.930.790.910.190.510.050.84-0.20.65
0.840.30.740.960.970.850.610.520.970.930.00.750.90.620.880.960.890.890.83-0.030.840.390.91-0.710.81
0.840.410.790.910.940.880.540.480.810.880.030.790.90.520.860.870.850.810.92-0.020.660.350.87-0.550.67
0.70.220.580.660.610.610.490.610.670.490.520.590.620.520.690.630.670.370.610.330.53-0.090.5-0.240.34
0.990.560.910.940.920.860.750.690.850.890.120.910.880.860.690.870.990.810.930.150.750.30.93-0.350.77
0.840.40.80.940.940.890.60.570.910.950.160.810.960.870.630.870.880.930.84-0.010.80.210.92-0.670.82
0.990.610.930.950.920.880.790.670.850.920.110.930.890.850.670.990.880.840.910.110.730.260.92-0.370.78
0.780.50.790.860.890.820.60.410.810.97-0.110.790.890.810.370.810.930.840.76-0.220.780.370.94-0.60.92
0.940.590.90.920.920.890.610.750.80.860.20.910.830.920.610.930.840.910.760.290.630.20.87-0.350.63
0.190.120.190.130.080.180.130.780.14-0.10.490.19-0.03-0.020.330.15-0.010.11-0.220.29-0.17-0.46-0.080.14-0.34
0.680.190.510.730.780.520.320.390.860.79-0.10.510.840.660.530.750.80.730.780.63-0.170.580.87-0.530.9
0.23-0.060.050.270.360.030.07-0.170.380.35-0.80.050.390.35-0.090.30.210.260.370.2-0.460.580.46-0.250.58
0.90.510.840.910.930.820.620.550.870.96-0.060.840.910.870.50.930.920.920.940.87-0.080.870.46-0.480.93
-0.270.3-0.2-0.58-0.6-0.55-0.25-0.16-0.69-0.520.15-0.2-0.71-0.55-0.24-0.35-0.67-0.37-0.6-0.350.14-0.53-0.25-0.48-0.47
0.720.380.650.730.770.610.520.310.760.88-0.250.650.810.670.340.770.820.780.920.63-0.340.90.580.93-0.47
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Queclink Wireless Account Relationship Matchups

Queclink Wireless fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.2B1.3B2.0B2.0B2.0B1.0B
Other Current Liab55.5M48.7M175.3M134.0M1.9M1.8M
Total Current Liabilities178.4M183.0M417.6M262.8M256.5M163.3M
Total Stockholder Equity1.0B1.1B1.5B1.7B1.8B1.9B
Retained Earnings391.0M457.2M588.6M708.3M713.2M748.9M
Accounts Payable96.0M113.9M208.8M96.2M172.4M181.0M
Cash282.6M167.5M530.1M165.9M395.4M229.6M
Other Assets216.6M19.7M107.4M107.3M123.4M61.7M
Net Receivables149.9M88.1M112.4M254.4M263.0M276.2M
Inventory126.1M209.2M584.6M612.6M494.4M519.1M
Other Current Assets19.3M38.9M48.0M52.1M6.4M6.1M
Total Liab181.7M186.7M420.4M272.1M261.9M166.8M
Property Plant Equipment94.5M328.7M259.6M259.4M298.3M313.2M
Other Liab3.3M3.6M2.3M5.3M6.1M3.4M
Net Tangible Assets1.0B1.1B1.5B1.7B1.9B1.0B
Deferred Long Term Liab6.0M9.6M27.4M30.1M34.6M36.4M
Total Current Assets875.0M902.5M1.6B1.5B1.6B1.1B
Non Current Assets Total311.3M361.2M405.9M411.1M396.6M296.0M
Non Currrent Assets Other209.0M9.1M3.2M689.1K2.3M2.2M
Non Current Liabilities Total3.3M3.6M2.8M9.3M5.3M4.9M
Short Term Investments297.1M377.1M238.5M452.7M447.2M332.0M
Net Invested Capital1.0B1.1B1.5B1.7B1.8B1.4B
Net Working Capital696.6M719.5M1.1B1.3B1.4B1.0B

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Other Information on Investing in Queclink Stock

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