| 300710 Stock | | | 20.29 0.08 0.39% |
Hangzhou Prevail financial indicator trend analysis is much more than just examining Hangzhou Prevail Opt latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hangzhou Prevail Opt is a good investment. Please check the relationship between Hangzhou Prevail Property Plant Equipment and its Accounts Payable accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Hangzhou Prevail Optoelectronic. 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.
Property Plant Equipment vs Accounts Payable
Property Plant Equipment vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hangzhou Prevail Opt Property Plant Equipment account and
Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Hangzhou Prevail's Property Plant Equipment and Accounts Payable is 0.54. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Hangzhou Prevail Optoelectronic, assuming nothing else is changed. The correlation between historical values of Hangzhou Prevail's Property Plant Equipment 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 Property Plant Equipment of Hangzhou Prevail Optoelectronic 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 Property Plant Equipment i.e., Hangzhou Prevail's Property Plant Equipment and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.54 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Property Plant Equipment
Accounts Payable
An accounting item on the balance sheet that represents Hangzhou Prevail 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 Hangzhou Prevail Opt 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 Hangzhou Prevail's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hangzhou Prevail Opt 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 Hangzhou Prevail Optoelectronic. 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 34.8
M, whereas
Tax Provision is forecasted to decline to about 6.7
M.
Hangzhou Prevail fundamental ratios Correlations
Click cells to compare fundamentals
Hangzhou Prevail Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hangzhou Prevail fundamental ratios Accounts
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Other Information on Investing in Hangzhou Stock
Balance Sheet is a snapshot of the
financial position of Hangzhou Prevail Opt at a specified time, usually calculated after every quarter, six months, or one year. Hangzhou Prevail Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hangzhou Prevail 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 Hangzhou currently owns. An asset can also be divided into two categories, current and non-current.