000166 Stock | | | 5.41 0.04 0.74% |
Shenwan Hongyuan financial indicator trend analysis is much more than just breaking down Shenwan Hongyuan prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenwan Hongyuan is a good investment. Please check the relationship between Shenwan Hongyuan Accounts Payable and its Total Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenwan Hongyuan Group. 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 Stockholder Equity
Accounts Payable vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shenwan Hongyuan Accounts Payable account and
Total Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Shenwan Hongyuan's Accounts Payable and Total Stockholder Equity is -0.32. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Shenwan Hongyuan Group, assuming nothing else is changed. The correlation between historical values of Shenwan Hongyuan's Accounts Payable and Total Stockholder Equity 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 Shenwan Hongyuan Group are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Accounts Payable i.e., Shenwan Hongyuan's Accounts Payable and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.32 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents Shenwan Hongyuan 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 Shenwan Hongyuan 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 Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Shenwan Hongyuan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenwan Hongyuan 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 Shenwan Hongyuan Group. 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
Tax Provision is expected to grow to about 766.6
M, whereas
Selling General Administrative is forecasted to decline to about 8.6
B.
Shenwan Hongyuan fundamental ratios Correlations
Click cells to compare fundamentals
Shenwan Hongyuan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shenwan Hongyuan fundamental ratios Accounts
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Other Information on Investing in Shenwan Stock
Balance Sheet is a snapshot of the
financial position of Shenwan Hongyuan at a specified time, usually calculated after every quarter, six months, or one year. Shenwan Hongyuan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenwan Hongyuan 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 Shenwan currently owns. An asset can also be divided into two categories, current and non-current.