000688 Stock | | | 14.00 0.54 4.01% |
Guocheng Mining financial indicator trend analysis is much more than just examining Guocheng Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guocheng Mining is a good investment. Please check the relationship between Guocheng Mining Accounts Payable and its Deferred Long Term Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Guocheng Mining 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 Deferred Long Term Liab
Accounts Payable vs Deferred Long Term Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Guocheng Mining Accounts Payable account and
Deferred Long Term Liab. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Guocheng Mining's Accounts Payable and Deferred Long Term Liab is 0.84. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Guocheng Mining Co, assuming nothing else is changed. The correlation between historical values of Guocheng Mining's Accounts Payable and Deferred Long Term Liab 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 Guocheng Mining Co are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Accounts Payable i.e., Guocheng Mining's Accounts Payable and Deferred Long Term Liab go up and down completely randomly.
Correlation Coefficient | 0.84 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Accounts Payable
An accounting item on the balance sheet that represents Guocheng Mining 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 Guocheng Mining 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.
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from Guocheng Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guocheng Mining 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 Guocheng Mining 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.
The current year's
Selling General Administrative is expected to grow to about 83.5
M. The current year's
Tax Provision is expected to grow to about 38.1
MGuocheng Mining fundamental ratios Correlations
Click cells to compare fundamentals
Guocheng Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Guocheng Mining fundamental ratios Accounts
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Other Information on Investing in Guocheng Stock
Balance Sheet is a snapshot of the
financial position of Guocheng Mining at a specified time, usually calculated after every quarter, six months, or one year. Guocheng Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guocheng Mining 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 Guocheng currently owns. An asset can also be divided into two categories, current and non-current.