Xiwang Accounts Payable vs Net Receivables Analysis

000639 Stock   4.70  0.18  3.98%   
Xiwang Foodstuffs financial indicator trend analysis is more than just analyzing Xiwang Foodstuffs current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xiwang Foodstuffs is a good investment. Please check the relationship between Xiwang Foodstuffs Accounts Payable and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xiwang Foodstuffs Co. 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

Accounts Payable vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xiwang Foodstuffs Accounts Payable account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.
The correlation between Xiwang Foodstuffs' Accounts Payable and Net Receivables is 0.74. 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 Xiwang Foodstuffs Co, assuming nothing else is changed. The correlation between historical values of Xiwang Foodstuffs' 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 Xiwang Foodstuffs Co 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., Xiwang Foodstuffs' Accounts Payable and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.74
Relationship DirectionPositive 
Relationship StrengthSignificant

Accounts Payable

An accounting item on the balance sheet that represents Xiwang Foodstuffs 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 Xiwang Foodstuffs 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 Xiwang Foodstuffs' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xiwang Foodstuffs 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 Xiwang Foodstuffs Co. 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 12, 2024, Selling General Administrative is expected to decline to about 412.3 M. The current year's Tax Provision is expected to grow to about (32.4 M)
 2021 2023 2024 (projected)
Other Operating Expenses12.6M11.4M9.1M
Gross Profit1.4B1.1B1.5B

Xiwang Foodstuffs fundamental ratios Correlations

0.580.970.940.890.820.690.810.850.190.970.960.810.470.71-0.230.76-0.620.920.920.18-0.45-0.69-0.12-0.54-0.89
0.580.450.510.310.520.060.580.210.330.610.560.260.260.730.250.45-0.480.390.50.51-0.04-0.170.420.17-0.56
0.970.450.910.910.820.740.770.870.070.940.920.850.420.56-0.350.74-0.570.940.910.04-0.5-0.73-0.28-0.56-0.85
0.940.510.910.840.930.790.610.810.280.840.930.910.480.65-0.340.51-0.320.910.970.0-0.6-0.8-0.31-0.58-0.9
0.890.310.910.840.670.680.740.950.220.850.850.830.510.52-0.340.68-0.550.890.81-0.09-0.56-0.74-0.35-0.68-0.72
0.820.520.820.930.670.690.50.580.160.70.80.830.310.53-0.40.36-0.150.80.95-0.01-0.56-0.71-0.34-0.33-0.8
0.690.060.740.790.680.690.250.760.090.560.760.930.230.17-0.70.22-0.050.830.78-0.45-0.85-0.94-0.69-0.81-0.8
0.810.580.770.610.740.50.250.640.020.880.670.430.580.660.160.93-0.890.680.610.36-0.06-0.270.19-0.19-0.51
0.850.210.870.810.950.580.760.640.20.810.860.840.510.43-0.350.61-0.490.880.76-0.16-0.61-0.8-0.37-0.82-0.76
0.190.330.070.280.220.160.090.020.20.120.240.170.290.430.08-0.060.050.150.230.01-0.26-0.230.01-0.22-0.22
0.970.610.940.840.850.70.560.880.810.120.920.690.430.71-0.120.86-0.760.860.830.32-0.29-0.560.05-0.46-0.83
0.960.560.920.930.850.80.760.670.860.240.920.860.380.63-0.350.61-0.480.930.920.12-0.55-0.79-0.17-0.64-0.97
0.810.260.850.910.830.830.930.430.840.170.690.860.340.34-0.620.34-0.160.910.9-0.37-0.85-0.96-0.63-0.72-0.85
0.470.260.420.480.510.310.230.580.510.290.430.380.340.480.360.37-0.340.470.350.07-0.18-0.27-0.02-0.29-0.29
0.710.730.560.650.520.530.170.660.430.430.710.630.340.480.30.63-0.560.480.560.60.07-0.160.38-0.18-0.55
-0.230.25-0.35-0.34-0.34-0.4-0.70.16-0.350.08-0.12-0.35-0.620.360.30.12-0.27-0.48-0.470.60.730.690.770.540.39
0.760.450.740.510.680.360.220.930.61-0.060.860.610.340.370.630.12-0.960.60.510.430.07-0.160.25-0.24-0.45
-0.62-0.48-0.57-0.32-0.55-0.15-0.05-0.89-0.490.05-0.76-0.48-0.16-0.34-0.56-0.27-0.96-0.45-0.32-0.48-0.180.02-0.40.120.32
0.920.390.940.910.890.80.830.680.880.150.860.930.910.470.48-0.480.6-0.450.92-0.09-0.65-0.84-0.38-0.68-0.87
0.920.50.910.970.810.950.780.610.760.230.830.920.90.350.56-0.470.51-0.320.92-0.03-0.63-0.81-0.35-0.52-0.88
0.180.510.040.0-0.09-0.01-0.450.36-0.160.010.320.12-0.370.070.60.60.43-0.48-0.09-0.030.730.480.90.34-0.09
-0.45-0.04-0.5-0.6-0.56-0.56-0.85-0.06-0.61-0.26-0.29-0.55-0.85-0.180.070.730.07-0.18-0.65-0.630.730.930.820.640.59
-0.69-0.17-0.73-0.8-0.74-0.71-0.94-0.27-0.8-0.23-0.56-0.79-0.96-0.27-0.160.69-0.160.02-0.84-0.810.480.930.680.770.82
-0.120.42-0.28-0.31-0.35-0.34-0.690.19-0.370.010.05-0.17-0.63-0.020.380.770.25-0.4-0.38-0.350.90.820.680.510.19
-0.540.17-0.56-0.58-0.68-0.33-0.81-0.19-0.82-0.22-0.46-0.64-0.72-0.29-0.180.54-0.240.12-0.68-0.520.340.640.770.510.61
-0.89-0.56-0.85-0.9-0.72-0.8-0.8-0.51-0.76-0.22-0.83-0.97-0.85-0.29-0.550.39-0.450.32-0.87-0.88-0.090.590.820.190.61
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Xiwang Foodstuffs Account Relationship Matchups

Xiwang Foodstuffs fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.1B7.7B7.7B7.1B7.2B7.5B
Other Current Liab622.7M409.3M270.1M19.7M22.3M21.1M
Total Current Liabilities2.4B2.0B2.0B2.0B2.7B2.8B
Total Stockholder Equity3.5B3.7B3.8B3.3B3.3B3.5B
Accounts Payable356.9M234.7M508.7M374.4M427.8M449.1M
Cash2.3B1.8B1.6B1.5B1.7B1.8B
Other Assets102.5M231.9M133.6M191.6M220.4M231.4M
Net Receivables402.9M236.4M283.2M316.7M321.2M190.3M
Inventory677.0M609.2M979.2M1.0B929.7M976.1M
Other Current Assets140.7M197.7M414.1M54.6M31.8M30.2M
Total Liab4.0B3.4B3.3B3.2B3.2B3.4B
Intangible Assets3.3B3.1B3.0B2.7B2.8B2.9B
Property Plant Equipment691.7M661.3M659.2M745.8M857.6M438.1M
Retained Earnings713.4M1.0B1.2B426.3M396.0M475.8M
Long Term Debt1.0B836.7M629.0M758.8M39.3M37.3M
Other Liab1.4B592.8M580.7M563.8M648.4M733.8M
Net Tangible Assets(988.0M)(192.9M)166.3M384.3M442.0M464.1M
Total Current Assets3.5B3.2B3.3B3.1B3.1B3.0B
Non Current Assets Total4.6B4.5B4.4B4.0B4.0B3.9B
Non Currrent Assets Other14.9M116.4M42.0M37.7M32.9M31.3M
Good Will387.1M362.7M354.4M145.0M147.5M140.1M
Non Current Liabilities Total1.6B1.4B1.2B1.2B551.0M523.5M
Other Stockholder Equity35.0M66.5M(64.6M)(111.4M)(100.3M)(95.2M)
Deferred Long Term Liab2.3M1.5M596.4K4.6M4.1M3.2M
Short Long Term Debt1.1B1.1B1.1B1.1B1.1B959.1M
Non Current Liabilities Other33.8K524.6K797.0K174.1K74.2M70.5M
Net Invested Capital5.7B5.6B5.5B5.2B4.4B4.4B
Net Working Capital1.1B1.2B1.3B1.1B432.5M410.9M

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Other Information on Investing in Xiwang Stock

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