China Accounts Payable vs Net Receivables Analysis

CAAS Stock  USD 4.04  0.05  1.22%   
China Automotive financial indicator trend analysis is way more than just evaluating China Automotive Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Automotive Systems is a good investment. Please check the relationship between China Automotive Accounts Payable and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Automotive Systems. 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 Net Receivables

JavaScript chart by amCharts 3.21.15201420162018202020222024120M130M140M150M160M170M180M190M200M210M220M 220M230M240M250M260M270M280M290M
JavaScript chart by amCharts 3.21.15Accounts Payabletotal: 1.8BNet Receivablestotal: 3.1B

Accounts Payable vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Automotive Systems Accounts Payable account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.
Accounts PayableNet ReceivablesDiversified AwayAccounts PayableNet ReceivablesDiversified Away100%
The correlation between China Automotive's Accounts Payable and Net Receivables is 0.61. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Receivables in the same time period over historical financial statements of China Automotive Systems, assuming nothing else is changed. The correlation between historical values of China Automotive's Accounts Payable and Net Receivables 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 China Automotive Systems are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Accounts Payable i.e., China Automotive's Accounts Payable and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.61
Relationship DirectionPositive 
Relationship StrengthSignificant

Accounts Payable

An accounting item on the balance sheet that represents China Automotive 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 China Automotive Systems 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.

Net Receivables

Most indicators from China Automotive's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Automotive Systems 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 China Automotive Systems. 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.
At this time, China Automotive's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 214.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 18.4 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit72.1M83.4M103.8M66.5M
Total Revenue498.0M529.6M576.4M354.5M

China Automotive fundamental ratios Correlations

0.980.070.790.690.860.880.860.950.970.880.210.990.990.80.85-0.390.570.550.63-0.030.670.80.170.450.87
0.980.130.80.630.820.830.830.970.960.830.120.970.960.80.83-0.330.610.470.580.00.710.80.150.340.86
0.070.130.12-0.5-0.270.10.040.180.160.1-0.420.10.040.06-0.16-0.220.78-0.18-0.42-0.220.140.450.5-0.34-0.2
0.790.80.120.520.630.630.750.790.740.630.020.790.780.690.76-0.410.480.580.590.30.620.6-0.020.290.79
0.690.63-0.50.520.920.60.580.550.630.60.390.660.690.420.69-0.050.150.50.660.210.240.27-0.250.470.81
0.860.82-0.270.630.920.770.70.740.850.770.330.850.850.60.7-0.240.350.450.550.120.340.580.070.380.85
0.880.830.10.630.60.770.910.840.911.00.340.870.850.610.61-0.50.530.30.43-0.360.540.860.430.320.59
0.860.830.040.750.580.70.910.880.850.910.470.830.850.570.71-0.410.440.440.57-0.260.710.780.240.470.66
0.950.970.180.790.550.740.840.880.930.840.180.930.930.760.78-0.370.60.460.55-0.10.750.840.230.380.78
0.970.960.160.740.630.850.910.850.930.910.20.980.960.750.71-0.470.630.390.45-0.070.580.90.360.30.78
0.880.830.10.630.60.771.00.910.840.910.340.870.850.610.61-0.50.530.30.43-0.360.540.860.430.320.59
0.210.12-0.420.020.390.330.340.470.180.20.340.150.21-0.220.15-0.08-0.210.110.29-0.190.030.180.080.450.13
0.990.970.10.790.660.850.870.830.930.980.870.150.990.830.82-0.420.590.520.57-0.010.650.820.230.380.85
0.990.960.040.780.690.850.850.850.930.960.850.210.990.810.87-0.40.540.630.66-0.040.670.770.150.520.87
0.80.80.060.690.420.60.610.570.760.750.61-0.220.830.810.76-0.320.370.550.57-0.010.750.610.080.310.7
0.850.83-0.160.760.690.70.610.710.780.710.610.150.820.870.76-0.130.320.820.910.110.750.42-0.320.70.91
-0.39-0.33-0.22-0.41-0.05-0.24-0.5-0.41-0.37-0.47-0.5-0.08-0.42-0.4-0.32-0.13-0.25-0.1-0.02-0.03-0.01-0.61-0.58-0.04-0.1
0.570.610.780.480.150.350.530.440.60.630.53-0.210.590.540.370.32-0.250.14-0.01-0.10.330.690.38-0.050.36
0.550.47-0.180.580.50.450.30.440.460.390.30.110.520.630.550.82-0.10.140.820.170.510.12-0.410.860.67
0.630.58-0.420.590.660.550.430.570.550.450.430.290.570.660.570.91-0.02-0.010.820.090.610.14-0.520.820.78
-0.030.0-0.220.30.210.12-0.36-0.26-0.1-0.07-0.36-0.19-0.01-0.04-0.010.11-0.03-0.10.170.09-0.28-0.28-0.45-0.150.31
0.670.710.140.620.240.340.540.710.750.580.540.030.650.670.750.75-0.010.330.510.61-0.280.51-0.070.420.57
0.80.80.450.60.270.580.860.780.840.90.860.180.820.770.610.42-0.610.690.120.14-0.280.510.680.080.44
0.170.150.5-0.02-0.250.070.430.240.230.360.430.080.230.150.08-0.32-0.580.38-0.41-0.52-0.45-0.070.68-0.35-0.26
0.450.34-0.340.290.470.380.320.470.380.30.320.450.380.520.310.7-0.04-0.050.860.82-0.150.420.08-0.350.51
0.870.86-0.20.790.810.850.590.660.780.780.590.130.850.870.70.91-0.10.360.670.780.310.570.44-0.260.51
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China Automotive Account Relationship Matchups

China Automotive fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets660.0M707.6M716.8M714.4M766.4M476.6M
Total Stockholder Equity289.2M303.2M321.0M311.7M344.5M190.3M
Net Debt47.4M(52.7M)(2.0M)(74.5M)27.8M29.2M
Retained Earnings221.2M215.5M226.4M247.2M284.8M299.1M
Cash76.7M97.2M131.7M121.2M114.7M63.6M
Cash And Short Term Investments82.5M107.4M133.5M134.1M125.7M74.0M
Common Stock Shares Outstanding31.5M31.1M30.9M30.6M30.2M30.3M
Liabilities And Stockholders Equity660.0M707.6M716.8M714.4M766.4M476.6M
Other Stockholder Equity60.2M59.0M58.5M56.0M64.4M42.3M
Total Current Assets441.2M475.7M501.4M520.7M564.1M354.0M
Other Current Liab68.7M82.5M61.3M59.9M71.0M52.8M
Total Current Liabilities303.8M354.5M351.8M364.2M383.7M243.2M
Total Liab350.6M387.6M379.3M386.9M398.0M256.5M
Accounts Payable116.7M225.3M146.1M150.6M160.6M111.9M
Non Current Assets Total218.8M231.9M215.4M193.6M202.4M129.2M
Non Currrent Assets Other2.9M7.6M24.8M46K598K568.1K
Short Long Term Debt Total124.1M45.5M129.7M46.7M142.5M83.1M
Other Liab34.4M31.9M27.5M22.0M25.3M26.5M
Property Plant And Equipment Net149.3M148.2M131.0M115.3M111.0M83.8M
Current Deferred Revenue1.7M2.4M2.4M5.7M8.6M4.7M
Other Assets26.6M39.4M29.9M15.9M18.3M19.0M
Net Receivables233.0M234.1M210.3M224.3M269.4M211.4M
Short Term Investments5.8M10.1M1.8M12.9M11.1M16.7M
Non Current Liabilities Total46.8M33.2M27.5M22.7M14.3M14.5M
Inventory82.9M88.3M116.5M112.2M112.4M62.1M
Other Current Assets42.7M45.8M41.1M50.1M56.5M59.4M
Property Plant And Equipment Gross149.3M148.2M344.6M115.3M338.0M354.9M
Accumulated Other Comprehensive Income7.8M28.7M36.2M8.4M3.6M3.4M
Short Term Debt116.7M44.4M129.7M130.4M141.2M85.6M
Intangible Assets11.7M12.5M12.5M10.8M13.1M19.5M
Property Plant Equipment140.4M141.3M127.9M107.1M123.1M90.8M
Net Tangible Assets287.9M290.7M308.5M300.8M345.9M296.7M
Noncontrolling Interest In Consolidated Entity6.7M19.0M20.2M16.2M14.6M13.3M
Long Term Debt291K4.9M1.1M528K1.2M2.2M
Retained Earnings Total Equity209.5M211.4M221.2M215.5M247.8M186.1M
Long Term Debt Total306K291K4.9M1.1M1.0M962.7K

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