Fushun Total Current Liabilities vs Accounts Payable Analysis

600399 Stock   6.65  0.05  0.76%   
Fushun Special financial indicator trend analysis is much more than just examining Fushun Special Steel latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fushun Special Steel is a good investment. Please check the relationship between Fushun Special Total Current Liabilities and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Fushun Special Steel. 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.

Total Current Liabilities vs Accounts Payable

Total Current Liabilities vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fushun Special Steel Total Current Liabilities account and Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Fushun Special's Total Current Liabilities and Accounts Payable is 0.97. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Fushun Special Steel, assuming nothing else is changed. The correlation between historical values of Fushun Special's Total Current Liabilities 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 Current Liabilities of Fushun Special Steel 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 Current Liabilities i.e., Fushun Special's Total Current Liabilities and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.97
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Current Liabilities

Total Current Liabilities is an item on Fushun Special balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Fushun Special Steel are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Accounts Payable

An accounting item on the balance sheet that represents Fushun Special 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 Fushun Special Steel 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 Fushun Special's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fushun Special Steel 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 Fushun Special Steel. 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.
As of December 12, 2024, Selling General Administrative is expected to decline to about 71.7 M. The current year's Tax Provision is expected to grow to about (5.5 M)
 2021 2022 2023 2024 (projected)
Operating Income934.9M496.3M518.9M353.3M
Total Revenue7.4B7.8B8.6B5.4B

Fushun Special fundamental ratios Correlations

0.330.550.120.110.60.590.32-0.040.360.80.210.720.160.920.470.470.060.27-0.13-0.01-0.070.00.31-0.250.0
0.330.27-0.24-0.320.20.330.35-0.130.170.310.640.34-0.160.120.09-0.18-0.26-0.180.08-0.110.160.380.12-0.120.38
0.550.27-0.65-0.480.970.90.71-0.770.770.30.110.97-0.530.37-0.01-0.17-0.70.430.56-0.760.660.450.43-0.350.45
0.12-0.24-0.650.84-0.58-0.52-0.540.84-0.580.29-0.15-0.540.810.240.260.690.98-0.09-0.850.84-0.89-0.73-0.080.02-0.73
0.11-0.32-0.480.84-0.33-0.25-0.250.52-0.610.45-0.22-0.440.430.27-0.080.380.760.24-0.670.52-0.62-0.460.27-0.27-0.46
0.60.20.97-0.58-0.330.940.69-0.730.70.40.050.95-0.540.48-0.01-0.15-0.640.460.52-0.720.620.450.46-0.360.45
0.590.330.9-0.52-0.250.940.64-0.670.540.420.160.89-0.520.46-0.04-0.14-0.580.410.38-0.650.530.450.56-0.50.45
0.320.350.71-0.54-0.250.690.64-0.750.630.450.30.62-0.70.15-0.45-0.56-0.660.460.65-0.750.740.670.38-0.250.67
-0.04-0.13-0.770.840.52-0.73-0.67-0.75-0.570.05-0.08-0.610.890.130.440.680.91-0.55-0.81.0-0.93-0.76-0.510.39-0.76
0.360.170.77-0.58-0.610.70.540.63-0.570.080.080.75-0.360.190.09-0.16-0.630.130.72-0.580.660.43-0.10.220.43
0.80.310.30.290.450.40.420.450.050.080.140.420.090.810.080.250.20.38-0.210.06-0.15-0.030.38-0.28-0.03
0.210.640.11-0.15-0.220.050.160.3-0.080.080.140.16-0.09-0.050.22-0.17-0.19-0.280.02-0.070.140.4-0.01-0.170.4
0.720.340.97-0.54-0.440.950.890.62-0.610.750.420.16-0.360.550.180.02-0.570.320.42-0.590.50.340.35-0.280.34
0.16-0.16-0.530.810.43-0.54-0.52-0.70.89-0.360.09-0.09-0.360.240.610.870.88-0.39-0.810.9-0.91-0.86-0.380.25-0.86
0.920.120.370.240.270.480.460.150.130.190.81-0.050.550.240.410.530.210.25-0.230.15-0.22-0.160.2-0.13-0.16
0.470.09-0.010.26-0.08-0.01-0.04-0.450.440.090.080.220.180.610.410.690.31-0.4-0.320.45-0.39-0.32-0.350.27-0.32
0.47-0.18-0.170.690.38-0.15-0.14-0.560.68-0.160.25-0.170.020.870.530.690.74-0.14-0.730.7-0.78-0.82-0.130.05-0.82
0.06-0.26-0.70.980.76-0.64-0.58-0.660.91-0.630.2-0.19-0.570.880.210.310.74-0.21-0.90.92-0.96-0.83-0.180.09-0.83
0.27-0.180.43-0.090.240.460.410.46-0.550.130.38-0.280.32-0.390.25-0.4-0.14-0.210.21-0.540.340.20.81-0.590.2
-0.130.080.56-0.85-0.670.520.380.65-0.80.72-0.210.020.42-0.81-0.23-0.32-0.73-0.90.21-0.830.950.8-0.020.220.8
-0.01-0.11-0.760.840.52-0.72-0.65-0.751.0-0.580.06-0.07-0.590.90.150.450.70.92-0.54-0.83-0.94-0.77-0.470.35-0.77
-0.070.160.66-0.89-0.620.620.530.74-0.930.66-0.150.140.5-0.91-0.22-0.39-0.78-0.960.340.95-0.940.870.21-0.070.87
0.00.380.45-0.73-0.460.450.450.67-0.760.43-0.030.40.34-0.86-0.16-0.32-0.82-0.830.20.8-0.770.870.23-0.091.0
0.310.120.43-0.080.270.460.560.38-0.51-0.10.38-0.010.35-0.380.2-0.35-0.13-0.180.81-0.02-0.470.210.23-0.880.23
-0.25-0.12-0.350.02-0.27-0.36-0.5-0.250.390.22-0.28-0.17-0.280.25-0.130.270.050.09-0.590.220.35-0.07-0.09-0.88-0.09
0.00.380.45-0.73-0.460.450.450.67-0.760.43-0.030.40.34-0.86-0.16-0.32-0.82-0.830.20.8-0.770.871.00.23-0.09
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Fushun Special Account Relationship Matchups

Fushun Special fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.6B9.2B10.2B11.8B12.4B8.5B
Other Current Liab286.3M453.7M509.1M688.9M112.6M107.0M
Total Current Liabilities1.3B1.4B1.6B2.7B3.5B4.8B
Total Stockholder Equity4.5B5.0B5.9B6.1B6.4B6.7B
Retained Earnings318.6M911.1M1.7B1.9B2.0B2.1B
Accounts Payable928.6M913.4M1.1B2.0B2.2B2.6B
Cash151.2M861.3M1.2B1.8B794.7M1.3B
Other Assets5.5M3.2M7.6M6.9M6.2M5.9M
Long Term Debt2.6B2.6B2.4B2.5B2.1B2.2B
Net Receivables1.2B450.3M345.5M373.0M560.7M1.1B
Inventory1.6B1.6B2.2B2.5B2.7B1.7B
Other Current Assets84.4M269.2M157.8M167.8M54.1M51.4M
Total Liab4.1B4.2B4.4B5.7B6.0B5.9B
Property Plant Equipment3.5B3.4B3.8B4.5B5.2B3.3B
Intangible Assets798.6M783.0M756.9M731.8M715.9M499.6M
Other Liab335.6M354.3M314.2M455.4M523.8M549.9M
Net Tangible Assets3.7B4.3B5.1B5.3B6.1B6.4B
Non Current Assets Total4.3B4.2B4.5B5.3B6.2B5.4B
Non Currrent Assets Other4.4B4.3B4.3B5.4M139.2M132.2M
Non Current Liabilities Total2.8B2.8B2.7B3.0B2.5B2.5B
Deferred Long Term Liab5.5M3.2M2.2M1.5M1.4M1.3M
Total Current Assets4.3B5.1B5.7B6.5B6.1B5.8B
Net Debt2.3B1.5B1.3B758.7M1.3B1.4B
Net Invested Capital6.9B7.4B8.3B8.6B8.5B7.9B
Net Working Capital3.0B3.6B4.0B3.8B2.7B2.4B
Other Stockholder Equity7.0M10.0M14.3M13.2M15.2M10.2M

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Other Information on Investing in Fushun Stock

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