China Cash And Short Term Investments vs Accounts Payable Analysis

000927 Stock

2.88 0.06 2.04%

China Railway financial indicator trend analysis is way more than just evaluating China Railway Materials prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Railway Materials is a good investment. Please check the relationship between China Railway Cash And Short Term Investments and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Railway Materials. 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.

Cash And Short Term Investments vs Accounts Payable

Cash And Short Term Investments vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Railway Materials Cash And Short Term Investments account and Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.

The correlation between China Railway's Cash And Short Term Investments and Accounts Payable is 0.81. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of China Railway Materials, assuming nothing else is changed. The correlation between historical values of China Railway's Cash And Short Term Investments and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of China Railway Materials are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Cash And Short Term Investments i.e., China Railway's Cash And Short Term Investments and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.81

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of China Railway Materials balance sheet. This account contains China Railway investments that will expire within one year. These investments include stocks and bonds that can be liquidated by China Railway Materials fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Accounts Payable

An accounting item on the balance sheet that represents China Railway 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 Railway Materials 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.

Most indicators from China Railway's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Railway Materials 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 Railway Materials. 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 154.9 M, whereas Selling General Administrative is forecasted to decline to about 277.9 M.

China Railway fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Other Stockholder Equity	Retained Earnings	Other Liab	Other Assets
Total Assets		0.6	0.61	0.99	0.96	-0.06	0.67	-0.23	0.79	0.96	0.31	-0.31	0.96	0.98	0.44	0.97	0.55	0.99	0.99	0.58	0.84	0.96	-0.75	0.77	0.42	-0.35
Short Long Term Debt Total	0.6		0.56	0.53	0.66	-0.09	0.06	0.61	0.0	0.53	0.1	-0.28	0.53	0.55	0.13	0.72	0.85	0.54	0.6	0.99	0.33	0.72	-0.61	0.59	0.24	-0.2
Other Current Liab	0.61	0.56		0.56	0.63	-0.11	-0.07	0.08	0.3	0.57	0.05	-0.33	0.57	0.62	0.28	0.63	0.47	0.57	0.62	0.53	0.39	0.65	-0.54	0.51	0.21	-0.25
Total Current Liabilities	0.99	0.53	0.56		0.9	-0.15	0.75	-0.33	0.84	0.98	0.22	-0.34	0.98	0.99	0.42	0.93	0.54	1.0	0.99	0.52	0.83	0.95	-0.74	0.68	0.36	-0.32
Total Stockholder Equity	0.96	0.66	0.63	0.9		0.12	0.51	-0.08	0.65	0.87	0.48	-0.18	0.87	0.91	0.37	0.97	0.53	0.9	0.91	0.65	0.83	0.93	-0.66	0.88	0.51	-0.43
Property Plant And Equipment Net	-0.06	-0.09	-0.11	-0.15	0.12		-0.27	0.16	-0.08	-0.28	0.87	0.52	-0.28	-0.18	0.02	-0.02	-0.46	-0.15	-0.21	-0.08	0.21	-0.22	0.38	0.41	0.46	-0.41
Current Deferred Revenue	0.67	0.06	-0.07	0.75	0.51	-0.27		-0.64	0.84	0.75	0.05	-0.26	0.75	0.7	0.32	0.55	0.24	0.74	0.7	0.05	0.64	0.59	-0.47	0.27	0.16	-0.1
Net Debt	-0.23	0.61	0.08	-0.33	-0.08	0.16	-0.64		-0.76	-0.35	0.02	0.05	-0.35	-0.29	-0.19	-0.05	0.38	-0.32	-0.26	0.61	-0.36	-0.09	0.02	0.07	0.03	0.09
Accounts Payable	0.79	0.0	0.3	0.84	0.65	-0.08	0.84	-0.76		0.81	0.22	-0.22	0.81	0.82	0.46	0.65	0.06	0.84	0.79	-0.02	0.76	0.64	-0.51	0.47	0.27	-0.27
Cash	0.96	0.53	0.57	0.98	0.87	-0.28	0.75	-0.35	0.81		0.09	-0.38	1.0	0.96	0.35	0.9	0.6	0.97	0.98	0.52	0.77	0.95	-0.73	0.61	0.25	-0.33
Non Current Assets Total	0.31	0.1	0.05	0.22	0.48	0.87	0.05	0.02	0.22	0.09		0.47	0.09	0.18	0.01	0.3	-0.22	0.22	0.15	0.13	0.57	0.17	0.15	0.59	0.67	-0.4
Non Currrent Assets Other	-0.31	-0.28	-0.33	-0.34	-0.18	0.52	-0.26	0.05	-0.22	-0.38	0.47		-0.38	-0.39	-0.47	-0.33	-0.51	-0.36	-0.4	-0.23	-0.08	-0.38	0.65	-0.06	-0.26	-0.35
Cash And Short Term Investments	0.96	0.53	0.57	0.98	0.87	-0.28	0.75	-0.35	0.81	1.0	0.09	-0.38		0.96	0.35	0.9	0.6	0.97	0.98	0.52	0.77	0.95	-0.73	0.61	0.25	-0.33
Net Receivables	0.98	0.55	0.62	0.99	0.91	-0.18	0.7	-0.29	0.82	0.96	0.18	-0.39	0.96		0.52	0.95	0.54	0.99	0.99	0.52	0.79	0.95	-0.81	0.71	0.33	-0.28
Non Current Liabilities Total	0.44	0.13	0.28	0.42	0.37	0.02	0.32	-0.19	0.46	0.35	0.01	-0.47	0.35	0.52		0.49	0.05	0.46	0.47	0.04	0.39	0.35	-0.73	0.49	0.2	0.08
Inventory	0.97	0.72	0.63	0.93	0.97	-0.02	0.55	-0.05	0.65	0.9	0.3	-0.33	0.9	0.95	0.49		0.61	0.94	0.95	0.69	0.78	0.95	-0.8	0.85	0.41	-0.38
Other Current Assets	0.55	0.85	0.47	0.54	0.53	-0.46	0.24	0.38	0.06	0.6	-0.22	-0.51	0.6	0.54	0.05	0.61		0.54	0.6	0.87	0.29	0.73	-0.6	0.28	0.15	0.02
Total Liab	0.99	0.54	0.57	1.0	0.9	-0.15	0.74	-0.32	0.84	0.97	0.22	-0.36	0.97	0.99	0.46	0.94	0.54		0.99	0.52	0.83	0.95	-0.76	0.69	0.36	-0.3
Total Current Assets	0.99	0.6	0.62	0.99	0.91	-0.21	0.7	-0.26	0.79	0.98	0.15	-0.4	0.98	0.99	0.47	0.95	0.6	0.99		0.57	0.79	0.97	-0.8	0.7	0.32	-0.3
Short Term Debt	0.58	0.99	0.53	0.52	0.65	-0.08	0.05	0.61	-0.02	0.52	0.13	-0.23	0.52	0.52	0.04	0.69	0.87	0.52	0.57		0.34	0.72	-0.54	0.54	0.27	-0.18
Intangible Assets	0.84	0.33	0.39	0.83	0.83	0.21	0.64	-0.36	0.76	0.77	0.57	-0.08	0.77	0.79	0.39	0.78	0.29	0.83	0.79	0.34		0.77	-0.49	0.65	0.57	-0.31
Common Stock	0.96	0.72	0.65	0.95	0.93	-0.22	0.59	-0.09	0.64	0.95	0.17	-0.38	0.95	0.95	0.35	0.95	0.73	0.95	0.97	0.72	0.77		-0.79	0.68	0.38	-0.25
Other Stockholder Equity	-0.75	-0.61	-0.54	-0.74	-0.66	0.38	-0.47	0.02	-0.51	-0.73	0.15	0.65	-0.73	-0.81	-0.73	-0.8	-0.6	-0.76	-0.8	-0.54	-0.49	-0.79		-0.56	-0.23	-0.09
Retained Earnings	0.77	0.59	0.51	0.68	0.88	0.41	0.27	0.07	0.47	0.61	0.59	-0.06	0.61	0.71	0.49	0.85	0.28	0.69	0.7	0.54	0.65	0.68	-0.56		0.46	-0.55
Other Liab	0.42	0.24	0.21	0.36	0.51	0.46	0.16	0.03	0.27	0.25	0.67	-0.26	0.25	0.33	0.2	0.41	0.15	0.36	0.32	0.27	0.57	0.38	-0.23	0.46		0.1
Other Assets	-0.35	-0.2	-0.25	-0.32	-0.43	-0.41	-0.1	0.09	-0.27	-0.33	-0.4	-0.35	-0.33	-0.28	0.08	-0.38	0.02	-0.3	-0.3	-0.18	-0.31	-0.25	-0.09	-0.55	0.1

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China Railway Account Relationship Matchups

China Railway fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.9B	24.3B	29.7B	27.7B	25.0B	26.2B
Short Long Term Debt Total	1.2B	2.2B	3.2B	2.1B	9.9B	10.4B
Other Current Liab	23.4M	254.8M	275.1M	2.9B	1.8B	1.9B
Total Current Liabilities	2.4B	15.8B	20.0B	16.9B	14.0B	14.7B
Total Stockholder Equity	(1.4B)	6.7B	7.7B	8.4B	8.9B	9.4B
Property Plant And Equipment Net	271.3M	1.2B	1.8B	1.8B	2.1B	1.6B
Current Deferred Revenue	988.9M	3.4B	4.2B	1.4B	1.0B	925.3M
Net Debt	1.0B	(4.3B)	(3.8B)	(3.7B)	4.8B	5.1B
Accounts Payable	208.8M	10.3B	12.6B	11.0B	1.5B	3.0B
Cash	164.6M	6.5B	7.0B	5.8B	5.1B	5.3B
Non Current Assets Total	1.1B	3.7B	4.5B	4.6B	5.0B	4.2B
Non Currrent Assets Other	(733.6M)	156.6M	135.4M	259.1M	225.0M	213.8M
Cash And Short Term Investments	164.6M	6.5B	7.0B	5.8B	5.1B	5.3B
Net Receivables	16.8M	11.5B	15.4B	15.0B	11.0B	11.6B
Liabilities And Stockholders Equity	1.9B	24.3B	29.7B	27.7B	25.0B	26.2B
Non Current Liabilities Total	875.3M	1.0B	996.6M	1.3B	1.0B	550.8M
Inventory	45.6M	2.0B	2.2B	2.2B	2.5B	2.6B
Other Current Assets	578.4M	603.2M	650.0M	129.6M	1.4B	1.5B
Total Liab	3.3B	16.8B	21.0B	18.2B	15.0B	15.7B
Total Current Assets	805.4M	20.6B	25.3B	23.1B	20.0B	21.0B
Short Term Debt	1.2B	1.9B	2.9B	1.5B	9.6B	10.1B
Intangible Assets	131.0M	757.9M	690.7M	673.9M	715.3M	383.9M
Other Stockholder Equity	551.7M	0.71	459.5M	1.0	0.9	0.86
Retained Earnings	(4.9B)	46.9M	969.9M	1.6B	2.2B	2.3B
Other Liab	155.2M	653.7M	609.5M	705.7M	811.6M	852.1M
Long Term Debt	0.0	380M	260M	480M	220M	315.1M
Property Plant Equipment	1.4B	1.4B	1.2B	1.8B	1.6B	1.7B
Net Tangible Assets	(83.7M)	4.5B	5.9B	7.0B	8.1B	8.5B
Deferred Long Term Liab	2.5M	20.7M	12.1M	79.9M	91.9M	96.5M
Short Long Term Debt	1.1B	1.3B	2.6B	1.3B	1.7B	1.6B
Non Current Liabilities Other	500.5M	291.1M	300.1M	310.3M	291.9M	236.9M
Net Invested Capital	(285.5M)	8.4B	10.6B	10.2B	10.9B	6.8B
Net Working Capital	(1.6B)	4.8B	5.3B	6.2B	6.0B	6.3B

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

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China Cash And Short Term Investments vs Accounts Payable Analysis

Cash And Short Term Investments vs Accounts Payable

Cash And Short Term Investments vs Accounts Payable Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Accounts Payable

China Railway fundamental ratios Correlations

China Railway Account Relationship Matchups

High Positive Relationship

High Negative Relationship

China Railway fundamental ratios Accounts

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Total Liab	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Total Current Liabilities	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Short Term Debt	+ 0.99	Short Long Term Debt Total

Other Stockholder Equity	- 0.81	Net Receivables
Other Stockholder Equity	- 0.8	Total Current Assets
Other Stockholder Equity	- 0.8	Inventory
Other Stockholder Equity	- 0.79	Common Stock
Other Stockholder Equity	- 0.76	Total Liab
Accounts Payable	- 0.76	Net Debt