| 603677 Stock | | | 14.05 0.04 0.29% |
Qijing Machinery financial indicator trend analysis is much more than just breaking down Qijing Machinery prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Qijing Machinery is a good investment. Please check the relationship between Qijing Machinery Accounts Payable and its Cash accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Qijing Machinery. 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 Cash
Accounts Payable vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Qijing Machinery Accounts Payable account and
Cash. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Qijing Machinery's Accounts Payable and Cash is 0.88. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash in the same time period over historical financial statements of Qijing Machinery, assuming nothing else is changed. The correlation between historical values of Qijing Machinery's Accounts Payable and Cash 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 Qijing Machinery are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Accounts Payable i.e., Qijing Machinery's Accounts Payable and Cash go up and down completely randomly.
Correlation Coefficient | 0.88 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Accounts Payable
An accounting item on the balance sheet that represents Qijing Machinery 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 Qijing Machinery 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.
Cash
Cash refers to the most liquid asset of Qijing Machinery, which is listed under current asset account on Qijing Machinery balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Qijing Machinery customers. The amounts must be unrestricted with restricted cash listed in a different Qijing Machinery account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Qijing Machinery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qijing Machinery 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 Qijing Machinery. 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 45.6
M, whereas
Tax Provision is forecasted to decline to about 4.3
M.
Qijing Machinery fundamental ratios Correlations
Click cells to compare fundamentals
Qijing Machinery Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Qijing Machinery fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Qijing Stock
Balance Sheet is a snapshot of the
financial position of Qijing Machinery at a specified time, usually calculated after every quarter, six months, or one year. Qijing Machinery Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Qijing Machinery 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 Qijing currently owns. An asset can also be divided into two categories, current and non-current.