600674 Stock | | | 17.18 0.10 0.59% |
Sichuan Chuantou financial indicator trend analysis is much more than just breaking down Sichuan Chuantou Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sichuan Chuantou Energy is a good investment. Please check the relationship between Sichuan Chuantou Accounts Payable and its Total Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Sichuan Chuantou Energy. 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 Total Liab
Accounts Payable vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sichuan Chuantou Energy Accounts Payable account and
Total Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Sichuan Chuantou's Accounts Payable and Total Liab is 0.71. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Liab in the same time period over historical financial statements of Sichuan Chuantou Energy, assuming nothing else is changed. The correlation between historical values of Sichuan Chuantou's Accounts Payable and Total Liab 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 Sichuan Chuantou Energy are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Accounts Payable i.e., Sichuan Chuantou's Accounts Payable and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Sichuan Chuantou 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 Sichuan Chuantou Energy 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.
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from Sichuan Chuantou's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sichuan Chuantou Energy 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 Sichuan Chuantou Energy. 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 24, 2024,
Selling General Administrative is expected to decline to about 63
M. In addition to that,
Tax Provision is expected to decline to about 42.8
MSichuan Chuantou fundamental ratios Correlations
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Sichuan Chuantou Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sichuan Chuantou fundamental ratios Accounts
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Other Information on Investing in Sichuan Stock
Balance Sheet is a snapshot of the
financial position of Sichuan Chuantou Energy at a specified time, usually calculated after every quarter, six months, or one year. Sichuan Chuantou Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sichuan Chuantou 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 Sichuan currently owns. An asset can also be divided into two categories, current and non-current.