Ningbo Common Stock Shares Outstanding vs Accounts Payable Analysis

300998 Stock   16.59  0.10  0.61%   
Ningbo Fangzheng financial indicator trend analysis is infinitely more than just investigating Ningbo Fangzheng Aut recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo Fangzheng Aut is a good investment. Please check the relationship between Ningbo Fangzheng Common Stock Shares Outstanding and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo Fangzheng Automobile. 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.

Common Stock Shares Outstanding vs Accounts Payable

Common Stock Shares Outstanding vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo Fangzheng Aut Common Stock Shares Outstanding account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ningbo Fangzheng's Common Stock Shares Outstanding and Accounts Payable is 0.78. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Ningbo Fangzheng Automobile, assuming nothing else is changed. The correlation between historical values of Ningbo Fangzheng's Common Stock Shares Outstanding 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 Common Stock Shares Outstanding of Ningbo Fangzheng Automobile 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 Common Stock Shares Outstanding i.e., Ningbo Fangzheng's Common Stock Shares Outstanding and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.78
Relationship DirectionPositive 
Relationship StrengthSignificant

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Accounts Payable

An accounting item on the balance sheet that represents Ningbo Fangzheng 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 Ningbo Fangzheng Aut 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 Ningbo Fangzheng's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Fangzheng Aut 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 Ningbo Fangzheng Automobile. 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 (1.4 M). In addition to that, Selling General Administrative is expected to decline to about 48.6 M
 2021 2022 2023 2024 (projected)
Interest Expense7.2M10.8M14.7M13.6M
Interest Income525.1K615.5K3.3M3.4M

Ningbo Fangzheng fundamental ratios Correlations

-0.640.920.990.720.560.660.880.930.880.920.980.940.780.950.380.850.951.00.821.00.940.950.890.960.92
-0.64-0.66-0.63-0.52-0.98-0.96-0.64-0.35-0.65-0.52-0.76-0.77-0.85-0.68-0.87-0.89-0.68-0.61-0.4-0.67-0.77-0.55-0.66-0.57-0.45
0.92-0.660.880.520.630.770.890.890.890.890.930.840.750.930.50.920.990.90.870.910.840.920.90.960.95
0.99-0.630.880.740.550.630.870.910.870.880.970.940.780.920.360.820.910.990.771.00.940.940.880.930.89
0.72-0.520.520.740.510.510.590.590.60.780.760.850.80.790.460.530.640.760.640.730.850.480.590.70.52
0.56-0.980.630.550.510.970.630.290.640.490.70.740.860.650.940.840.650.540.380.60.740.460.650.540.41
0.66-0.960.770.630.510.970.720.440.730.620.780.780.880.750.920.920.770.640.550.680.780.570.740.670.56
0.88-0.640.890.870.590.630.720.851.00.770.860.890.850.830.550.780.880.870.690.880.890.871.00.890.91
0.93-0.350.890.910.590.290.440.850.850.90.860.80.610.870.160.680.90.930.870.910.80.920.850.950.98
0.88-0.650.890.870.60.640.731.00.850.770.870.90.860.840.570.790.880.870.690.880.90.871.00.890.91
0.92-0.520.890.880.780.490.620.770.90.770.930.870.740.980.390.780.940.930.970.910.870.80.770.970.87
0.98-0.760.930.970.760.70.780.860.860.870.930.970.860.980.540.920.970.980.830.980.970.890.870.950.87
0.94-0.770.840.940.850.740.780.890.80.90.870.970.940.940.620.850.90.940.740.951.00.820.90.90.81
0.78-0.850.750.780.80.860.880.850.610.860.740.860.940.840.830.810.80.780.620.80.940.630.860.770.66
0.95-0.680.930.920.790.650.750.830.870.840.980.980.940.840.530.880.970.950.920.950.940.840.840.970.87
0.38-0.870.50.360.460.940.920.550.160.570.390.540.620.830.530.690.520.370.320.410.620.250.570.420.29
0.85-0.890.920.820.530.840.920.780.680.790.780.920.850.810.880.690.920.830.720.860.850.810.80.840.76
0.95-0.680.990.910.640.650.770.880.90.880.940.970.90.80.970.520.920.940.90.950.90.90.890.980.93
1.0-0.610.90.990.760.540.640.870.930.870.930.980.940.780.950.370.830.940.831.00.940.930.870.960.91
0.82-0.40.870.770.640.380.550.690.870.690.970.830.740.620.920.320.720.90.830.80.740.730.70.930.86
1.0-0.670.911.00.730.60.680.880.910.880.910.980.950.80.950.410.860.951.00.80.950.940.880.950.9
0.94-0.770.840.940.850.740.780.890.80.90.870.971.00.940.940.620.850.90.940.740.950.820.90.90.81
0.95-0.550.920.940.480.460.570.870.920.870.80.890.820.630.840.250.810.90.930.730.940.820.880.90.94
0.89-0.660.90.880.590.650.741.00.851.00.770.870.90.860.840.570.80.890.870.70.880.90.880.890.91
0.96-0.570.960.930.70.540.670.890.950.890.970.950.90.770.970.420.840.980.960.930.950.90.90.890.96
0.92-0.450.950.890.520.410.560.910.980.910.870.870.810.660.870.290.760.930.910.860.90.810.940.910.96
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Ningbo Fangzheng Account Relationship Matchups

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Other Information on Investing in Ningbo Stock

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