Sinotrans Total Current Assets vs Accounts Payable Analysis

601598 Stock   5.23  0.12  2.24%   
Sinotrans financial indicator trend analysis is much more than just breaking down Sinotrans Class prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinotrans Class is a good investment. Please check the relationship between Sinotrans Total Current Assets and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinotrans Ltd Class. 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 Assets vs Accounts Payable

Total Current Assets vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sinotrans Class Total Current Assets account and Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Sinotrans' Total Current Assets and Accounts Payable is 0.93. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Sinotrans Ltd Class, assuming nothing else is changed. The correlation between historical values of Sinotrans' Total Current Assets 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 Assets of Sinotrans Ltd Class 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 Assets i.e., Sinotrans' Total Current Assets and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.93
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Accounts Payable

An accounting item on the balance sheet that represents Sinotrans 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 Sinotrans Class 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 Sinotrans' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinotrans Class 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 Sinotrans Ltd Class. 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 Selling General Administrative is expected to grow to about 1.1 B, whereas Tax Provision is forecasted to decline to about 818.9 M.
 2021 2022 2023 2024 (projected)
Gross Profit2.2B3.3B2.1B3.2B
Total Revenue124.3B108.8B101.7B95.4B

Sinotrans fundamental ratios Correlations

-0.210.290.960.450.920.940.90.660.990.440.960.640.830.84-0.720.87-0.48-0.16-0.960.980.640.830.110.910.96
-0.21-0.36-0.360.46-0.4-0.38-0.18-0.09-0.250.63-0.280.41-0.06-0.050.470.120.470.780.14-0.08-0.54-0.170.47-0.31-0.35
0.29-0.360.380.230.360.420.550.430.240.140.11-0.330.220.53-0.08-0.07-0.5-0.11-0.050.220.120.560.260.110.27
0.96-0.360.380.260.990.990.910.590.960.260.950.460.730.78-0.820.73-0.69-0.17-0.880.90.70.79-0.060.950.98
0.450.460.230.260.160.240.420.530.40.830.270.530.410.730.240.480.290.1-0.450.55-0.070.430.830.120.28
0.92-0.40.360.990.160.990.870.550.920.140.930.40.670.69-0.860.66-0.73-0.16-0.830.830.740.76-0.190.940.96
0.94-0.380.420.990.240.990.930.640.930.230.930.440.720.76-0.830.71-0.72-0.13-0.840.870.660.83-0.090.940.96
0.9-0.180.550.910.420.870.930.730.850.490.790.510.830.83-0.670.74-0.650.07-0.760.870.390.930.170.80.84
0.66-0.090.430.590.530.550.640.730.550.350.570.490.570.64-0.440.58-0.250.03-0.550.650.260.860.140.550.5
0.99-0.250.240.960.40.920.930.850.550.390.970.590.760.82-0.730.83-0.5-0.21-0.970.970.690.730.080.930.98
0.440.630.140.260.830.140.230.490.350.390.240.650.570.670.140.610.140.42-0.440.56-0.270.430.820.160.26
0.96-0.280.110.950.270.930.930.790.570.970.240.620.720.69-0.830.83-0.49-0.21-0.960.930.760.7-0.120.970.97
0.640.41-0.330.460.530.40.440.510.490.590.650.620.750.44-0.350.920.120.24-0.730.740.150.530.230.560.48
0.83-0.060.220.730.410.670.720.830.570.760.570.720.750.63-0.520.89-0.27-0.02-0.770.860.290.850.240.660.69
0.84-0.050.530.780.730.690.760.830.640.820.670.690.440.63-0.330.65-0.36-0.09-0.760.850.330.720.540.620.77
-0.720.47-0.08-0.820.24-0.86-0.83-0.67-0.44-0.730.14-0.83-0.35-0.52-0.33-0.580.750.080.68-0.63-0.67-0.580.56-0.92-0.78
0.870.12-0.070.730.480.660.710.740.580.830.610.830.920.890.65-0.58-0.170.06-0.910.920.360.720.180.780.74
-0.480.47-0.5-0.690.29-0.73-0.72-0.65-0.25-0.50.14-0.490.12-0.27-0.360.75-0.17-0.090.3-0.34-0.36-0.470.36-0.63-0.6
-0.160.78-0.11-0.170.1-0.16-0.130.070.03-0.210.42-0.210.24-0.02-0.090.080.06-0.090.21-0.11-0.530.040.11-0.11-0.25
-0.960.14-0.05-0.88-0.45-0.83-0.84-0.76-0.55-0.97-0.44-0.96-0.73-0.77-0.760.68-0.910.30.21-0.97-0.66-0.68-0.1-0.9-0.92
0.98-0.080.220.90.550.830.870.870.650.970.560.930.740.860.85-0.630.92-0.34-0.11-0.970.560.80.220.860.91
0.64-0.540.120.7-0.070.740.660.390.260.69-0.270.760.150.290.33-0.670.36-0.36-0.53-0.660.560.36-0.450.720.74
0.83-0.170.560.790.430.760.830.930.860.730.430.70.530.850.72-0.580.72-0.470.04-0.680.80.360.140.690.69
0.110.470.26-0.060.83-0.19-0.090.170.140.080.82-0.120.230.240.540.560.180.360.11-0.10.22-0.450.14-0.26-0.03
0.91-0.310.110.950.120.940.940.80.550.930.160.970.560.660.62-0.920.78-0.63-0.11-0.90.860.720.69-0.260.94
0.96-0.350.270.980.280.960.960.840.50.980.260.970.480.690.77-0.780.74-0.6-0.25-0.920.910.740.69-0.030.94
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Sinotrans Account Relationship Matchups

Sinotrans fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets61.9B65.8B74.3B77.8B75.9B71.0B
Other Current Liab5.2B4.8B6.6B7.6B20.5M19.4M
Total Current Liabilities20.7B24.3B24.3B28.0B28.0B26.7B
Total Stockholder Equity28.4B30.4B33.1B34.9B37.8B31.0B
Other Liab1.2B816.0M1.2B1.3B1.2B980.9M
Net Tangible Assets22.5B22.0B24.9B26.3B30.3B21.9B
Retained Earnings15.1B17.0B19.9B20.1B21.9B17.6B
Accounts Payable9.1B10.7B13.9B13.9B12.4B12.0B
Cash88.2M11.4B14.5B16.3B14.0B12.2B
Non Current Assets Total36.0B37.6B37.9B39.5B41.3B37.3B
Other Assets3.2B3.1B3.2B3.2B3.7B2.9B
Long Term Debt8.4B6.3B12.0B9.3B4.4B6.7B
Net Receivables12.4B11.0B14.2B13.4B12.3B13.7B
Good Will172.6M2.3B2.0B2.2B2.0B1.6B
Short Term Investments5.6M303.3M794.6K664.1K520.2K494.2K
Non Current Liabilities Total11.0B9.3B15.0B12.9B7.7B11.8B
Inventory125.3M81.8M69.0M65.5M58.7M115.9M
Other Current Assets2.8B3.2B5.4B6.1B13.5M12.8M
Other Stockholder Equity(99.7M)(27.7M)(214.5M)(44.8M)(40.4M)(38.3M)
Total Liab31.6B33.6B39.3B41.0B35.8B37.0B
Short Long Term Debt4.0B2.7B677.9M3.1B5.2B3.0B
Total Current Assets25.9B28.3B36.4B38.3B34.6B34.7B
Intangible Assets5.9B6.3B6.4B6.4B6.6B5.1B
Property Plant Equipment16.6B17.4B17.3B18.5B21.2B18.6B
Deferred Long Term Liab302.2M340.2M369.1M331.5M381.2M342.2M
Net Invested Capital40.9B39.4B45.7B47.4B47.3B46.0B
Net Working Capital5.2B4.0B12.1B10.3B6.6B8.6B

Currently Active Assets on Macroaxis

Other Information on Investing in Sinotrans Stock

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