| 002268 Stock | | | 18.55 0.10 0.54% |
Westone Information financial indicator trend analysis is more than just analyzing Westone Information current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Westone Information is a good investment. Please check the relationship between Westone Information Accounts Payable and its Cash And Short Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Westone Information Industry. 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 Cash And Short Term Investments
Accounts Payable vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Westone Information Accounts Payable account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Westone Information's Accounts Payable and Cash And Short Term Investments is 0.94. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Westone Information Industry, assuming nothing else is changed. The correlation between historical values of Westone Information's Accounts Payable and Cash And Short Term Investments 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 Westone Information Industry are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Accounts Payable i.e., Westone Information's Accounts Payable and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.94 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Accounts Payable
An accounting item on the balance sheet that represents Westone Information 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 Westone Information 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.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Westone Information balance sheet. This account contains Westone Information investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Westone Information Industry 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.
Most indicators from Westone Information's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Westone Information 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 Westone Information Industry. 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 8.1
M, whereas
Selling General Administrative is forecasted to decline to about 91.6
M.
Westone Information fundamental ratios Correlations
Click cells to compare fundamentals
Westone Information Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Westone Information fundamental ratios Accounts
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Other Information on Investing in Westone Stock
Balance Sheet is a snapshot of the
financial position of Westone Information at a specified time, usually calculated after every quarter, six months, or one year. Westone Information Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Westone Information 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 Westone currently owns. An asset can also be divided into two categories, current and non-current.