Cangzhou Net Receivables vs Accounts Payable Analysis

002108 Stock   3.94  0.06  1.50%   
Cangzhou Mingzhu financial indicator trend analysis is way more than just evaluating Cangzhou Mingzhu Plastic prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cangzhou Mingzhu Plastic is a good investment. Please check the relationship between Cangzhou Mingzhu Net Receivables and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cangzhou Mingzhu Plastic. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Receivables vs Accounts Payable

Net Receivables vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cangzhou Mingzhu Plastic Net Receivables account and Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Cangzhou Mingzhu's Net Receivables and Accounts Payable is 0.43. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Cangzhou Mingzhu Plastic, assuming nothing else is changed. The correlation between historical values of Cangzhou Mingzhu's Net Receivables 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 Net Receivables of Cangzhou Mingzhu Plastic 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 Net Receivables i.e., Cangzhou Mingzhu's Net Receivables and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.43
Relationship DirectionPositive 
Relationship StrengthWeak

Net Receivables

Accounts Payable

An accounting item on the balance sheet that represents Cangzhou Mingzhu 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 Cangzhou Mingzhu Plastic 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 Cangzhou Mingzhu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cangzhou Mingzhu Plastic 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 Cangzhou Mingzhu Plastic. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
The current year's Selling General Administrative is expected to grow to about 113.5 M. The current year's Tax Provision is expected to grow to about 67 M
 2021 2022 2023 2024 (projected)
Operating Income392.4M287.0M195.5M267.2M
Total Revenue2.9B2.8B2.6B2.2B

Cangzhou Mingzhu fundamental ratios Correlations

0.080.670.990.950.960.960.750.760.450.740.760.950.950.930.980.860.910.820.880.90.90.50.740.5-0.86
0.080.280.060.140.150.08-0.23-0.090.150.180.440.140.130.190.09-0.040.140.010.08-0.140.06-0.24-0.1-0.07-0.11
0.670.280.610.750.730.710.290.150.540.860.610.770.730.70.660.430.680.50.760.540.680.270.210.78-0.74
0.990.060.610.930.960.950.770.760.470.710.760.910.940.940.970.850.920.80.850.910.880.490.730.43-0.85
0.950.140.750.930.960.920.570.60.410.760.820.940.980.90.970.770.930.810.970.840.910.380.640.66-0.93
0.960.150.730.960.960.960.60.560.550.810.830.880.980.960.950.760.960.730.880.880.850.370.540.57-0.92
0.960.080.710.950.920.960.730.650.430.770.730.910.920.90.930.870.90.830.840.870.870.580.640.51-0.87
0.75-0.230.290.770.570.60.730.810.150.450.220.670.530.550.660.820.60.70.50.830.660.790.780.08-0.48
0.76-0.090.150.760.60.560.650.810.00.230.420.710.570.560.740.840.560.760.550.650.710.610.960.04-0.43
0.450.150.540.470.410.550.430.150.00.610.50.340.530.70.380.030.48-0.060.280.420.2-0.25-0.150.3-0.43
0.740.180.860.710.760.810.770.450.230.610.60.720.780.780.680.490.780.430.710.750.660.330.230.63-0.76
0.760.440.610.760.820.830.730.220.420.50.60.740.860.870.80.560.770.520.740.530.640.00.40.54-0.7
0.950.140.770.910.940.880.910.670.710.340.720.740.90.840.950.830.820.850.920.780.90.50.750.64-0.8
0.950.130.730.940.980.980.920.530.570.530.780.860.90.960.950.720.930.730.920.830.870.30.580.62-0.93
0.930.190.70.940.90.960.90.550.560.70.780.870.840.960.90.670.890.610.790.810.750.230.490.51-0.83
0.980.090.660.970.970.950.930.660.740.380.680.80.950.950.90.850.910.840.930.840.910.440.750.57-0.87
0.86-0.040.430.850.770.760.870.820.840.030.490.560.830.720.670.850.760.920.720.780.830.790.850.32-0.66
0.910.140.680.920.930.960.90.60.560.480.780.770.820.930.890.910.760.720.850.90.90.430.560.49-0.93
0.820.010.50.80.810.730.830.70.76-0.060.430.520.850.730.610.840.920.720.820.690.880.720.840.42-0.74
0.880.080.760.850.970.880.840.50.550.280.710.740.920.920.790.930.720.850.820.750.910.370.650.75-0.9
0.9-0.140.540.910.840.880.870.830.650.420.750.530.780.830.810.840.780.90.690.750.810.570.630.39-0.8
0.90.060.680.880.910.850.870.660.710.20.660.640.90.870.750.910.830.90.880.910.810.610.770.51-0.89
0.5-0.240.270.490.380.370.580.790.61-0.250.330.00.50.30.230.440.790.430.720.370.570.610.660.07-0.37
0.74-0.10.210.730.640.540.640.780.96-0.150.230.40.750.580.490.750.850.560.840.650.630.770.660.17-0.48
0.5-0.070.780.430.660.570.510.080.040.30.630.540.640.620.510.570.320.490.420.750.390.510.070.17-0.58
-0.86-0.11-0.74-0.85-0.93-0.92-0.87-0.48-0.43-0.43-0.76-0.7-0.8-0.93-0.83-0.87-0.66-0.93-0.74-0.9-0.8-0.89-0.37-0.48-0.58
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Cangzhou Mingzhu Account Relationship Matchups

Cangzhou Mingzhu fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.8B4.9B5.5B7.0B7.1B7.5B
Other Current Liab40.8M124.8M67.3M2.9M92.4M54.4M
Total Current Liabilities1.2B1.1B1.4B1.0B1.1B694.8M
Total Stockholder Equity3.3B3.5B3.7B5.1B5.1B5.4B
Other Liab183.2M185.4M200.2M202.0M232.3M243.9M
Retained Earnings1.7B1.9B2.1B2.0B2.0B2.1B
Accounts Payable265.5M275.0M411.9M395.9M372.9M391.5M
Cash201.6M229.8M514.1M1.4B801.0M841.1M
Long Term Debt55.1M64.7M70.1M542.8M655.9M688.7M
Net Receivables1.3B987.6M832.9M935.4M830.2M707.8M
Inventory278.9M431.9M480.5M447.6M331.8M253.3M
Other Current Assets106.3M130.6M124.7M38.6M157.0M164.9M
Total Liab1.4B1.4B1.7B1.8B2.0B2.1B
Property Plant Equipment1.5B1.5B1.4B1.5B1.7B1.8B
Intangible Assets233.7M226.8M254.2M288.2M360.0M378.0M
Other Assets56.9M79.3M91.3M420.2M483.2M507.4M
Net Tangible Assets3.0B3.0B3.2B3.4B4.0B3.1B
Deferred Long Term Liab2.4M10.4M8.7M16.1M18.5M19.4M
Total Current Assets1.9B2.1B2.3B3.1B2.4B2.4B
Non Current Assets Total2.8B2.8B3.3B3.9B4.7B3.2B
Non Currrent Assets Other21.2M35.2M344.6M432.3M315.3M180.7M
Non Current Liabilities Total240.5M264.9M287.7M784.0M900.7M945.8M
Short Long Term Debt722.1M481.3M815.4M448.3M386.7M579.2M
Net Invested Capital4.0B4.0B4.6B6.1B6.2B5.1B
Net Working Capital783.5M995.9M848.0M2.1B1.3B1.3B
Net Debt575.5M316.2M371.4M241.6M217.4M368.1M

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Other Information on Investing in Cangzhou Stock

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