Shenzhen Total Current Assets vs Accounts Payable Analysis

002215 Stock

9.50 0.07 0.73%

Shenzhen Noposion financial indicator trend analysis is much more than just breaking down Shenzhen Noposion prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen Noposion is a good investment. Please check the relationship between Shenzhen Noposion Total Current Assets and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Noposion Agrochemicals. 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.

Total Current Assets vs Accounts Payable

Total Current Assets vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen Noposion Total Current Assets account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.

The correlation between Shenzhen Noposion's Total Current Assets and Accounts Payable is 0.78. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Shenzhen Noposion Agrochemicals, assuming nothing else is changed. The correlation between historical values of Shenzhen Noposion's Total Current Assets 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 Total Current Assets of Shenzhen Noposion Agrochemicals 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 Total Current Assets i.e., Shenzhen Noposion's Total Current Assets and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.78

Relationship Direction	Positive
Relationship Strength	Significant

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Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Accounts Payable

An accounting item on the balance sheet that represents Shenzhen Noposion 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 Shenzhen Noposion 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 Shenzhen Noposion's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Noposion 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 Shenzhen Noposion Agrochemicals. 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 518.4 M. The current year's Tax Provision is expected to grow to about 24 M

	2021	2022	2023	2024 (projected)
Research Development	107.4M	125.6M	118.9M	109.7M
Minority Interest	8.1M	1.3M	31.1M	29.5M

Research Development Minority Interest

Shenzhen Noposion fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Other Liab	Good Will	Treasury Stock	Net Tangible Assets	Short Term Investments	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total
Total Assets		0.11	1.0	0.98	0.94	0.57	0.94	0.94	0.58	0.71	0.65	1.0	0.47	0.62	0.93	0.74	0.97	0.49	0.51	0.82	-0.81	0.83	0.53	-0.91	0.88	0.85
Other Current Liab	0.11		0.1	0.2	0.37	0.49	0.19	0.15	0.45	0.49	0.45	0.03	0.55	0.53	-0.09	-0.56	-0.03	0.4	0.6	0.1	0.28	-0.24	0.25	-0.16	0.29	0.06
Total Current Liabilities	1.0	0.1		0.97	0.94	0.58	0.93	0.93	0.6	0.72	0.67	1.0	0.49	0.62	0.92	0.74	0.96	0.52	0.52	0.81	-0.8	0.82	0.54	-0.92	0.89	0.84
Total Stockholder Equity	0.98	0.2	0.97		0.95	0.58	0.98	0.94	0.56	0.7	0.63	0.97	0.49	0.68	0.91	0.68	0.94	0.45	0.52	0.79	-0.79	0.8	0.5	-0.86	0.83	0.82
Retained Earnings	0.94	0.37	0.94	0.95		0.68	0.91	0.91	0.69	0.8	0.71	0.91	0.6	0.73	0.8	0.54	0.85	0.61	0.63	0.76	-0.62	0.65	0.63	-0.88	0.9	0.76
Accounts Payable	0.57	0.49	0.58	0.58	0.68		0.54	0.48	0.86	0.91	0.85	0.52	0.92	0.82	0.27	0.14	0.4	0.78	0.78	0.38	-0.1	0.09	0.36	-0.69	0.78	0.34
Cash	0.94	0.19	0.93	0.98	0.91	0.54		0.88	0.48	0.65	0.61	0.93	0.41	0.63	0.89	0.64	0.89	0.39	0.41	0.77	-0.76	0.76	0.39	-0.79	0.78	0.79
Other Assets	0.94	0.15	0.93	0.94	0.91	0.48	0.88		0.48	0.65	0.55	0.93	0.39	0.59	0.88	0.7	0.94	0.45	0.52	0.78	-0.77	0.76	0.7	-0.86	0.81	0.8
Net Receivables	0.58	0.45	0.6	0.56	0.69	0.86	0.48	0.48		0.91	0.87	0.53	0.88	0.7	0.28	0.17	0.42	0.84	0.72	0.41	-0.05	0.18	0.51	-0.76	0.83	0.38
Inventory	0.71	0.49	0.72	0.7	0.8	0.91	0.65	0.65	0.91		0.95	0.66	0.84	0.79	0.45	0.25	0.56	0.82	0.72	0.59	-0.22	0.26	0.59	-0.84	0.92	0.55
Other Current Assets	0.65	0.45	0.67	0.63	0.71	0.85	0.61	0.55	0.87	0.95		0.61	0.75	0.64	0.42	0.21	0.51	0.79	0.59	0.56	-0.17	0.25	0.47	-0.79	0.88	0.51
Total Liab	1.0	0.03	1.0	0.97	0.91	0.52	0.93	0.93	0.53	0.66	0.61		0.42	0.57	0.95	0.78	0.98	0.45	0.46	0.83	-0.85	0.87	0.51	-0.89	0.86	0.86
Intangible Assets	0.47	0.55	0.49	0.49	0.6	0.92	0.41	0.39	0.88	0.84	0.75	0.42		0.82	0.14	0.04	0.3	0.8	0.87	0.22	0.03	0.02	0.35	-0.65	0.68	0.21
Common Stock	0.62	0.53	0.62	0.68	0.73	0.82	0.63	0.59	0.7	0.79	0.64	0.57	0.82		0.38	0.21	0.49	0.47	0.83	0.51	-0.26	0.26	0.4	-0.65	0.65	0.5
Property Plant Equipment	0.93	-0.09	0.92	0.91	0.8	0.27	0.89	0.88	0.28	0.45	0.42	0.95	0.14	0.38		0.79	0.97	0.19	0.23	0.86	-0.95	0.95	0.38	-0.74	0.7	0.9
Long Term Debt	0.74	-0.56	0.74	0.68	0.54	0.14	0.64	0.7	0.17	0.25	0.21	0.78	0.04	0.21	0.79		0.81	0.13	0.06	0.57	-0.83	0.82	0.33	-0.63	0.5	0.61
Other Liab	0.97	-0.03	0.96	0.94	0.85	0.4	0.89	0.94	0.42	0.56	0.51	0.98	0.3	0.49	0.97	0.81		0.33	0.37	0.84	-0.9	0.92	0.53	-0.84	0.78	0.88
Good Will	0.49	0.4	0.52	0.45	0.61	0.78	0.39	0.45	0.84	0.82	0.79	0.45	0.8	0.47	0.19	0.13	0.33		0.66	0.17	0.04	0.01	0.56	-0.74	0.77	0.15
Treasury Stock	0.51	0.6	0.52	0.52	0.63	0.78	0.41	0.52	0.72	0.72	0.59	0.46	0.87	0.83	0.23	0.06	0.37	0.66		0.3	-0.1	0.11	0.41	-0.64	0.64	0.3
Net Tangible Assets	0.82	0.1	0.81	0.79	0.76	0.38	0.77	0.78	0.41	0.59	0.56	0.83	0.22	0.51	0.86	0.57	0.84	0.17	0.3		-0.78	0.78	0.46	-0.7	0.75	0.99
Short Term Investments	-0.81	0.28	-0.8	-0.79	-0.62	-0.1	-0.76	-0.77	-0.05	-0.22	-0.17	-0.85	0.03	-0.26	-0.95	-0.83	-0.9	0.04	-0.1	-0.78		-0.95	-0.24	0.57	-0.5	-0.84
Other Stockholder Equity	0.83	-0.24	0.82	0.8	0.65	0.09	0.76	0.76	0.18	0.26	0.25	0.87	0.02	0.26	0.95	0.82	0.92	0.01	0.11	0.78	-0.95		0.3	-0.62	0.54	0.85
Deferred Long Term Liab	0.53	0.25	0.54	0.5	0.63	0.36	0.39	0.7	0.51	0.59	0.47	0.51	0.35	0.4	0.38	0.33	0.53	0.56	0.41	0.46	-0.24	0.3		-0.65	0.62	0.43
Long Term Investments	-0.91	-0.16	-0.92	-0.86	-0.88	-0.69	-0.79	-0.86	-0.76	-0.84	-0.79	-0.89	-0.65	-0.65	-0.74	-0.63	-0.84	-0.74	-0.64	-0.7	0.57	-0.62	-0.65		-0.95	-0.71
Total Current Assets	0.88	0.29	0.89	0.83	0.9	0.78	0.78	0.81	0.83	0.92	0.88	0.86	0.68	0.65	0.7	0.5	0.78	0.77	0.64	0.75	-0.5	0.54	0.62	-0.95		0.73
Non Current Assets Total	0.85	0.06	0.84	0.82	0.76	0.34	0.79	0.8	0.38	0.55	0.51	0.86	0.21	0.5	0.9	0.61	0.88	0.15	0.3	0.99	-0.84	0.85	0.43	-0.71	0.73

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Shenzhen Noposion Account Relationship Matchups

Shenzhen Noposion fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.9B	6.0B	7.8B	9.8B	10.9B	11.4B
Other Current Liab	703.3M	887.9M	997.4M	1.2B	10.8M	10.3M
Total Current Liabilities	2.9B	2.9B	3.8B	4.7B	5.4B	5.7B
Total Stockholder Equity	2.3B	2.4B	3.0B	3.7B	3.8B	3.9B
Retained Earnings	1.1B	1.2B	1.4B	1.5B	1.4B	1.4B
Accounts Payable	671.8M	727.3M	942.7M	625.2M	689.0M	433.0M
Cash	752.7M	754.3M	1.2B	1.3B	1.3B	1.4B
Other Assets	170.8M	251.4M	213.6M	259.7M	298.7M	313.6M
Net Receivables	990.3M	674.1M	575.8M	735.1M	623.9M	375.7M
Inventory	1.1B	1.2B	1.3B	1.1B	1.2B	631.7M
Other Current Assets	490.1M	578.3M	681.1M	602.0M	585.3M	311.5M
Total Liab	3.0B	3.0B	4.2B	5.5B	6.6B	7.0B
Intangible Assets	282.1M	239.1M	251.1M	220.3M	180.2M	142.9M
Property Plant Equipment	510.2M	620.6M	1.4B	2.4B	2.8B	2.9B
Other Liab	74.9M	118.8M	113.1M	217.6M	250.2M	262.7M
Net Tangible Assets	1.9B	2.0B	2.6B	3.4B	3.9B	2.2B
Short Term Investments	357M	341.6M	259.7M	156.8M	70M	66.5M
Other Stockholder Equity	15.0M	(1.6M)	(2.1M)	500.2M	575.3M	604.0M
Deferred Long Term Liab	46.6M	77.1M	20.2M	33.0M	37.9M	29.5M
Total Current Assets	3.7B	3.7B	4.4B	4.2B	4.4B	3.7B
Non Current Assets Total	2.2B	2.2B	3.4B	5.6B	6.5B	3.4B
Non Currrent Assets Other	68.3M	103.7M	116.1M	139.8M	121.6M	87.9M
Non Current Liabilities Total	74.9M	143.7M	433.1M	774.0M	1.2B	1.3B
Short Long Term Debt	1.4B	1.1B	1.6B	2.7B	3.5B	3.7B
Non Current Liabilities Other	5.9M	20.2M	16.8M	20.6M	22.7M	14.6M
Net Debt	637.6M	350.4M	387.9M	1.5B	2.4B	2.5B
Net Invested Capital	3.7B	3.5B	4.6B	6.4B	7.4B	4.9B
Net Working Capital	800.9M	861.2M	606.8M	(590.8M)	(980.5M)	(931.5M)

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

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Shenzhen Total Current Assets vs Accounts Payable Analysis

Total Current Assets vs Accounts Payable

Total Current Assets vs Accounts Payable Correlation Analysis

Correlation Coefficient

Total Current Assets

Accounts Payable

Shenzhen Noposion fundamental ratios Correlations

Shenzhen Noposion Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shenzhen Noposion fundamental ratios Accounts

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Total Current Liabilities	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 0.99	Net Tangible Assets
Total Stockholder Equity	+ 0.98	Total Assets
Cash	+ 0.98	Total Stockholder Equity

Total Current Assets	- 0.95	Long Term Investments
Other Stockholder Equity	- 0.95	Short Term Investments
Short Term Investments	- 0.95	Property Plant Equipment
Long Term Investments	- 0.92	Total Current Liabilities
Long Term Investments	- 0.91	Total Assets
Short Term Investments	- 0.9	Other Liab