002250 Stock | | | 6.00 0.18 2.91% |
Lianhe Chemical financial indicator trend analysis is infinitely more than just investigating Lianhe Chemical Tech recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lianhe Chemical Tech is a good investment. Please check the relationship between Lianhe Chemical Accounts Payable and its Non Current Liabilities Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Lianhe Chemical Technology. 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 Non Current Liabilities Total
Accounts Payable vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Lianhe Chemical Tech Accounts Payable account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between Lianhe Chemical's Accounts Payable and Non Current Liabilities Total is 0.63. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Lianhe Chemical Technology, assuming nothing else is changed. The correlation between historical values of Lianhe Chemical's Accounts Payable and Non Current Liabilities Total 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 Lianhe Chemical Technology are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Accounts Payable i.e., Lianhe Chemical's Accounts Payable and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.63 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Lianhe 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 Lianhe Chemical Tech 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.
Non Current Liabilities Total
Most indicators from Lianhe Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lianhe Chemical Tech 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 Lianhe Chemical Technology. 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 324.4
M, whereas
Tax Provision is forecasted to decline to about 26.1
M.
Lianhe Chemical fundamental ratios Correlations
Click cells to compare fundamentals
Lianhe Chemical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Lianhe Chemical fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Lianhe Stock
Balance Sheet is a snapshot of the
financial position of Lianhe Chemical Tech at a specified time, usually calculated after every quarter, six months, or one year. Lianhe Chemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Lianhe 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 Lianhe currently owns. An asset can also be divided into two categories, current and non-current.