Xinxiang Accounts Payable vs Retained Earnings Analysis

000949 Stock

4.15 0.07 1.72%

Xinxiang Chemical financial indicator trend analysis is more than just analyzing Xinxiang Chemical Fiber current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xinxiang Chemical Fiber is a good investment. Please check the relationship between Xinxiang Chemical Accounts Payable and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xinxiang Chemical Fiber. 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 Retained Earnings

Accounts Payable vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xinxiang Chemical Fiber Accounts Payable account and Retained Earnings. At this time, the significance of the direction appears to have strong relationship.

The correlation between Xinxiang Chemical's Accounts Payable and Retained Earnings is 0.76. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Xinxiang Chemical Fiber, assuming nothing else is changed. The correlation between historical values of Xinxiang Chemical's Accounts Payable and Retained Earnings 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 Xinxiang Chemical Fiber are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Accounts Payable i.e., Xinxiang Chemical's Accounts Payable and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

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Accounts Payable

An accounting item on the balance sheet that represents Xinxiang Chemical 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 Xinxiang Chemical Fiber 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.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Xinxiang Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xinxiang Chemical Fiber 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 Xinxiang Chemical Fiber. 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 144.4 M, whereas Tax Provision is forecasted to decline to about 59.1 M.

	2022	2023	2024	2025 (projected)
Gross Profit	321.8M	570.6M	656.2M	898.1M
Research Development	190.4M	104.0M	119.6M	73.4M

Gross Profit Research Development

Xinxiang Chemical 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	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Retained Earnings	Non Current Liabilities Total	Short Term Investments	Other Assets	Long Term Debt
Total Assets		0.97	-0.12	0.91	0.98	1.0	0.4	0.92	0.88	0.94	1.0	0.2	0.89	0.94	0.65	0.51	0.93	0.98	0.98	0.88	0.93	0.92	0.95	0.33	0.73	0.95
Short Long Term Debt Total	0.97		-0.16	0.92	0.91	0.98	0.32	0.98	0.86	0.87	0.98	0.05	0.8	0.97	0.62	0.38	0.85	0.99	0.94	0.92	0.87	0.85	0.95	0.21	0.77	0.96
Other Current Liab	-0.12	-0.16		0.08	-0.18	-0.14	-0.21	-0.16	0.06	-0.12	-0.15	-0.05	-0.12	-0.04	0.09	-0.07	-0.19	-0.06	-0.06	-0.07	-0.12	-0.16	-0.21	-0.15	-0.2	-0.22
Total Current Liabilities	0.91	0.92	0.08		0.82	0.91	0.27	0.9	0.92	0.83	0.91	0.04	0.75	0.93	0.58	0.35	0.76	0.95	0.9	0.96	0.81	0.78	0.79	0.15	0.77	0.81
Total Stockholder Equity	0.98	0.91	-0.18	0.82		0.97	0.45	0.83	0.81	0.96	0.97	0.33	0.92	0.86	0.63	0.62	0.97	0.92	0.97	0.79	0.95	0.94	0.92	0.42	0.66	0.91
Property Plant And Equipment Net	1.0	0.98	-0.14	0.91	0.97		0.33	0.94	0.89	0.91	1.0	0.15	0.84	0.95	0.63	0.5	0.93	0.98	0.96	0.88	0.93	0.89	0.95	0.28	0.74	0.96
Current Deferred Revenue	0.4	0.32	-0.21	0.27	0.45	0.33		0.19	0.24	0.61	0.33	0.59	0.72	0.33	0.29	0.01	0.3	0.33	0.51	0.24	0.2	0.69	0.36	0.8	0.08	0.36
Net Debt	0.92	0.98	-0.16	0.9	0.83	0.94	0.19		0.83	0.76	0.94	-0.06	0.67	0.95	0.59	0.29	0.78	0.96	0.86	0.91	0.82	0.75	0.93	0.09	0.77	0.94
Accounts Payable	0.88	0.86	0.06	0.92	0.81	0.89	0.24	0.83		0.77	0.88	0.11	0.71	0.88	0.55	0.34	0.77	0.91	0.85	0.81	0.77	0.76	0.79	0.25	0.63	0.8
Cash	0.94	0.87	-0.12	0.83	0.96	0.91	0.61	0.76	0.77		0.91	0.33	0.98	0.85	0.58	0.55	0.89	0.89	0.97	0.79	0.86	0.97	0.85	0.48	0.65	0.84
Non Current Assets Total	1.0	0.98	-0.15	0.91	0.97	1.0	0.33	0.94	0.88	0.91		0.15	0.85	0.94	0.62	0.5	0.93	0.98	0.96	0.88	0.93	0.89	0.95	0.27	0.76	0.96
Non Currrent Assets Other	0.2	0.05	-0.05	0.04	0.33	0.15	0.59	-0.06	0.11	0.33	0.15		0.48	-0.01	0.36	0.14	0.31	0.09	0.31	-0.03	0.23	0.43	0.13	0.87	-0.29	0.12
Cash And Short Term Investments	0.89	0.8	-0.12	0.75	0.92	0.84	0.72	0.67	0.71	0.98	0.85	0.48		0.77	0.58	0.5	0.84	0.82	0.94	0.71	0.8	0.98	0.8	0.62	0.52	0.79
Net Receivables	0.94	0.97	-0.04	0.93	0.86	0.95	0.33	0.95	0.88	0.85	0.94	-0.01	0.77		0.5	0.33	0.8	0.97	0.91	0.9	0.79	0.83	0.91	0.21	0.76	0.93
Inventory	0.65	0.62	0.09	0.58	0.63	0.63	0.29	0.59	0.55	0.58	0.62	0.36	0.58	0.5		0.34	0.61	0.64	0.68	0.54	0.69	0.56	0.63	0.28	0.22	0.61
Other Current Assets	0.51	0.38	-0.07	0.35	0.62	0.5	0.01	0.29	0.34	0.55	0.5	0.14	0.5	0.33	0.34		0.72	0.39	0.5	0.35	0.72	0.43	0.39	0.03	0.35	0.36
Other Stockholder Equity	0.93	0.85	-0.19	0.76	0.97	0.93	0.3	0.78	0.77	0.89	0.93	0.31	0.84	0.8	0.61	0.72		0.86	0.9	0.72	0.97	0.86	0.87	0.35	0.62	0.86
Total Liab	0.98	0.99	-0.06	0.95	0.92	0.98	0.33	0.96	0.91	0.89	0.98	0.09	0.82	0.97	0.64	0.39	0.86		0.95	0.92	0.88	0.86	0.94	0.24	0.75	0.95
Total Current Assets	0.98	0.94	-0.06	0.9	0.97	0.96	0.51	0.86	0.85	0.97	0.96	0.31	0.94	0.91	0.68	0.5	0.9	0.95		0.85	0.9	0.95	0.91	0.44	0.64	0.91
Short Term Debt	0.88	0.92	-0.07	0.96	0.79	0.88	0.24	0.91	0.81	0.79	0.88	-0.03	0.71	0.9	0.54	0.35	0.72	0.92	0.85		0.79	0.73	0.77	0.05	0.84	0.78
Common Stock	0.93	0.87	-0.12	0.81	0.95	0.93	0.2	0.82	0.77	0.86	0.93	0.23	0.8	0.79	0.69	0.72	0.97	0.88	0.9	0.79		0.8	0.86	0.21	0.65	0.84
Retained Earnings	0.92	0.85	-0.16	0.78	0.94	0.89	0.69	0.75	0.76	0.97	0.89	0.43	0.98	0.83	0.56	0.43	0.86	0.86	0.95	0.73	0.8		0.86	0.6	0.59	0.86
Non Current Liabilities Total	0.95	0.95	-0.21	0.79	0.92	0.95	0.36	0.93	0.79	0.85	0.95	0.13	0.8	0.91	0.63	0.39	0.87	0.94	0.91	0.77	0.86	0.86		0.31	0.65	1.0
Short Term Investments	0.33	0.21	-0.15	0.15	0.42	0.28	0.8	0.09	0.25	0.48	0.27	0.87	0.62	0.21	0.28	0.03	0.35	0.24	0.44	0.05	0.21	0.6	0.31		-0.21	0.3
Other Assets	0.73	0.77	-0.2	0.77	0.66	0.74	0.08	0.77	0.63	0.65	0.76	-0.29	0.52	0.76	0.22	0.35	0.62	0.75	0.64	0.84	0.65	0.59	0.65	-0.21		0.67
Long Term Debt	0.95	0.96	-0.22	0.81	0.91	0.96	0.36	0.94	0.8	0.84	0.96	0.12	0.79	0.93	0.61	0.36	0.86	0.95	0.91	0.78	0.84	0.86	1.0	0.3	0.67

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Xinxiang Chemical Account Relationship Matchups

Xinxiang Chemical fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	8.8B	11.2B	11.2B	12.0B	13.8B	14.5B
Short Long Term Debt Total	4.1B	3.6B	4.2B	5.0B	5.7B	6.0B
Other Current Liab	70.1M	69.2M	59.6M	67.7M	77.9M	75.8M
Total Current Liabilities	2.6B	2.7B	3.0B	3.8B	4.4B	4.6B
Total Stockholder Equity	3.8B	6.2B	5.5B	5.4B	6.3B	6.6B
Property Plant And Equipment Net	5.1B	6.2B	6.8B	7.4B	8.5B	8.9B
Current Deferred Revenue	75.3M	261.1M	110.3M	91.0M	104.6M	69.5M
Net Debt	3.2B	2.0B	2.9B	3.7B	4.2B	4.5B
Accounts Payable	495.4M	876.4M	1.0B	1.2B	1.4B	1.5B
Cash	911.9M	1.6B	1.3B	1.3B	1.5B	1.6B
Non Current Assets Total	5.5B	6.6B	7.5B	8.0B	9.2B	9.7B
Non Currrent Assets Other	10.1M	566.8M	45.7M	37.0M	42.6M	67.9M
Cash And Short Term Investments	911.9M	2.2B	1.3B	1.3B	1.5B	1.6B
Net Receivables	1.1B	960.3M	1.1B	1.4B	1.6B	1.7B
Liabilities And Stockholders Equity	8.8B	11.2B	11.2B	12.0B	13.8B	14.5B
Inventory	1.2B	1.4B	1.2B	1.2B	1.3B	681.5M
Other Current Assets	27.1M	71.0M	93.4M	66.3M	76.3M	80.1M
Other Stockholder Equity	1.6B	2.4B	2.3B	2.2B	2.6B	2.7B
Total Liab	4.9B	5.0B	5.7B	6.4B	7.4B	7.8B
Total Current Assets	3.2B	4.6B	3.7B	4.0B	4.6B	4.8B
Short Term Debt	1.9B	1.5B	1.8B	2.5B	2.8B	3.0B
Retained Earnings	655.3M	1.9B	1.3B	1.3B	1.5B	1.5B
Non Current Liabilities Total	2.4B	2.3B	2.6B	2.6B	3.0B	3.2B
Short Term Investments	(415.8K)	550M	20.0M	50.0M	57.5M	78.2M
Other Assets	1.0	95.2M	130.6M	314.6M	361.8M	379.8M
Long Term Debt	2.1B	2.1B	2.4B	2.5B	2.9B	3.1B
Property Plant Equipment	5.2B	5.1B	6.2B	6.8B	7.8B	8.2B
Other Liab	140.2M	229.8M	243.4M	220.0M	252.9M	138.4M
Intangible Assets	139.7M	137.8M	283.4M	276.0M	317.4M	333.3M
Net Tangible Assets	3.7B	3.7B	6.1B	5.2B	6.0B	4.4B
Short Long Term Debt	885.9M	474.9M	801.7M	811.7M	933.5M	744.0M
Net Invested Capital	6.9B	8.8B	8.7B	8.8B	10.1B	8.0B
Net Working Capital	656.2M	1.9B	622.7M	179.8M	206.7M	196.4M
Property Plant And Equipment Gross	9.5B	11.0B	6.8B	7.4B	6.6B	7.0B

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

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Xinxiang Accounts Payable vs Retained Earnings Analysis

Accounts Payable vs Retained Earnings

Accounts Payable vs Retained Earnings Correlation Analysis

Correlation Coefficient

Accounts Payable

Retained Earnings

Xinxiang Chemical fundamental ratios Correlations

Xinxiang Chemical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Xinxiang Chemical fundamental ratios Accounts

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Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Long Term Debt	+ 1.0	Non Current Liabilities Total
Total Liab	+ 0.99	Short Long Term Debt Total
Total Stockholder Equity	+ 0.98	Total Assets

Other Assets	- 0.29	Non Currrent Assets Other
Long Term Debt	- 0.22	Other Current Liab
Other Assets	- 0.21	Short Term Investments
Non Current Liabilities Total	- 0.21	Other Current Liab
Current Deferred Revenue	- 0.21	Other Current Liab
Other Assets	- 0.2	Other Current Liab