000821 Stock | | | 13.02 0.02 0.15% |
JS Corrugating financial indicator trend analysis is infinitely more than just investigating JS Corrugating Machinery recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether JS Corrugating Machinery is a good investment. Please check the relationship between JS Corrugating Accounts Payable and its Long Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in JS Corrugating 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 Long Term Investments
Accounts Payable vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
JS Corrugating Machinery Accounts Payable account and
Long Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between JS Corrugating's Accounts Payable and Long Term Investments is 0.73. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of JS Corrugating Machinery, assuming nothing else is changed. The correlation between historical values of JS Corrugating's Accounts Payable and Long Term Investments 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 JS Corrugating Machinery are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Accounts Payable i.e., JS Corrugating's Accounts Payable and Long Term Investments go up and down completely randomly.
Correlation Coefficient | 0.73 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents JS Corrugating 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 JS Corrugating 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.
Long Term Investments
Long Term Investments is an item on the asset side of JS Corrugating balance sheet that represents investments JS Corrugating Machinery intends to hold for over a year. JS Corrugating Machinery long term investments may include different instruments such as stocks, bonds, real estate and cash.
Most indicators from JS Corrugating's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into JS Corrugating 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 JS Corrugating 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.
As of December 27, 2024,
Selling General Administrative is expected to decline to about 125.9
M. In addition to that,
Tax Provision is expected to decline to about 25.3
MJS Corrugating fundamental ratios Correlations
Click cells to compare fundamentals
JS Corrugating Account Relationship Matchups
High Positive Relationship
High Negative Relationship
JS Corrugating fundamental ratios Accounts
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Other Information on Investing in 000821 Stock
Balance Sheet is a snapshot of the
financial position of JS Corrugating Machinery at a specified time, usually calculated after every quarter, six months, or one year. JS Corrugating Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of JS Corrugating 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 000821 currently owns. An asset can also be divided into two categories, current and non-current.