Bank Short Term Debt vs Total Revenue Analysis

002948 Stock

3.84 0.05 1.32%

Bank of Qingdao financial indicator trend analysis is way more than just evaluating Bank of Qingdao prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bank of Qingdao is a good investment. Please check the relationship between Bank of Qingdao Short Term Debt and its Total Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Qingdao. 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.

Short Term Debt vs Total Revenue

Short Term Debt vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bank of Qingdao Short Term Debt account and Total Revenue. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Bank of Qingdao's Short Term Debt and Total Revenue is 0.92. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Bank of Qingdao, assuming nothing else is changed. The correlation between historical values of Bank of Qingdao's Short Term Debt and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Bank of Qingdao are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Short Term Debt i.e., Bank of Qingdao's Short Term Debt and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

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Short Term Debt

Total Revenue

Total revenue comprises all receipts Bank of Qingdao generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Most indicators from Bank of Qingdao's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bank of Qingdao 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 Bank of Qingdao. 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 271.5 M, whereas Selling General Administrative is forecasted to decline to about 1.1 B.

	2023	2024 (projected)
Gross Profit	6.9B	5.4B
Total Revenue	11.0B	9.1B

Gross Profit Total Revenue

Bank of Qingdao fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Short Term Investments	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Inventory	Net Debt
Total Assets		0.94	0.99	0.97	0.42	0.89	0.67	0.22	0.91	0.19	0.91	-0.42	0.91	0.68	0.38	1.0	0.43	0.99	0.9	0.79	0.9	0.74	0.84	0.95	0.32	-0.04
Other Current Liab	0.94		0.95	0.88	0.33	0.81	0.65	0.32	0.86	0.32	0.9	-0.3	0.89	0.55	0.23	0.94	0.19	0.94	0.8	0.69	0.8	0.72	0.76	0.87	0.37	-0.13
Total Current Liabilities	0.99	0.95		0.96	0.33	0.82	0.7	0.29	0.95	0.31	0.9	-0.36	0.92	0.58	0.26	0.99	0.43	0.97	0.91	0.72	0.91	0.67	0.76	0.95	0.32	-0.07
Total Stockholder Equity	0.97	0.88	0.96		0.43	0.87	0.67	0.2	0.89	0.17	0.9	-0.43	0.86	0.68	0.39	0.97	0.52	0.98	0.93	0.79	0.93	0.68	0.82	0.99	0.36	0.04
Other Liab	0.42	0.33	0.33	0.43		0.59	0.11	-0.41	0.11	-0.6	0.45	-0.69	0.14	0.82	0.77	0.42	0.21	0.45	0.13	0.78	0.13	0.74	0.65	0.34	-0.15	-0.26
Net Tangible Assets	0.89	0.81	0.82	0.87	0.59		0.43	0.03	0.63	-0.19	0.78	-0.42	0.78	0.82	0.63	0.89	0.29	0.89	0.71	0.86	0.71	0.9	0.99	0.8	0.21	0.06
Retained Earnings	0.67	0.65	0.7	0.67	0.11	0.43		0.71	0.73	0.38	0.66	-0.06	0.61	0.31	0.04	0.67	0.34	0.66	0.67	0.43	0.67	0.26	0.32	0.69	0.27	-0.12
Accounts Payable	0.22	0.32	0.29	0.2	-0.41	0.03	0.71		0.34	0.6	0.14	0.65	0.3	-0.33	-0.5	0.22	0.01	0.21	0.33	-0.22	0.33	-0.09	-0.1	0.27	0.15	-0.05
Cash	0.91	0.86	0.95	0.89	0.11	0.63	0.73	0.34		0.49	0.85	-0.31	0.9	0.41	0.09	0.91	0.48	0.88	0.94	0.56	0.94	0.41	0.56	0.93	0.41	0.0
Other Assets	0.19	0.32	0.31	0.17	-0.6	-0.19	0.38	0.6	0.49		0.2	0.41	0.3	-0.55	-0.76	0.19	0.05	0.18	0.38	-0.38	0.38	-0.28	-0.29	0.3	0.34	0.01
Long Term Debt	0.91	0.9	0.9	0.9	0.45	0.78	0.66	0.14	0.85	0.2		-0.55	0.86	0.68	0.46	0.91	0.18	0.9	0.77	0.8	0.77	0.67	0.75	0.88	0.59	0.11
Net Receivables	-0.42	-0.3	-0.36	-0.43	-0.69	-0.42	-0.06	0.65	-0.31	0.41	-0.55		-0.27	-0.8	-0.73	-0.42	-0.23	-0.42	-0.22	-0.78	-0.22	-0.45	-0.49	-0.34	-0.13	0.1
Short Term Investments	0.91	0.89	0.92	0.86	0.14	0.78	0.61	0.3	0.9	0.3	0.86	-0.27		0.51	0.27	0.92	0.23	0.86	0.87	0.62	0.87	0.55	0.73	0.86	0.51	0.15
Other Current Assets	0.68	0.55	0.58	0.68	0.82	0.82	0.31	-0.33	0.41	-0.55	0.68	-0.8	0.51		0.89	0.68	0.28	0.69	0.44	0.98	0.44	0.78	0.85	0.57	0.1	-0.06
Other Stockholder Equity	0.38	0.23	0.26	0.39	0.77	0.63	0.04	-0.5	0.09	-0.76	0.46	-0.73	0.27	0.89		0.37	0.02	0.36	0.12	0.81	0.12	0.64	0.71	0.26	0.16	0.22
Total Liab	1.0	0.94	0.99	0.97	0.42	0.89	0.67	0.22	0.91	0.19	0.91	-0.42	0.92	0.68	0.37		0.42	0.98	0.89	0.79	0.89	0.74	0.84	0.95	0.31	-0.05
Deferred Long Term Liab	0.43	0.19	0.43	0.52	0.21	0.29	0.34	0.01	0.48	0.05	0.18	-0.23	0.23	0.28	0.02	0.42		0.47	0.62	0.3	0.62	0.07	0.24	0.54	-0.31	-0.26
Long Term Investments	0.99	0.94	0.97	0.98	0.45	0.89	0.66	0.21	0.88	0.18	0.9	-0.42	0.86	0.69	0.36	0.98	0.47		0.9	0.8	0.9	0.74	0.84	0.96	0.29	-0.08
Short Long Term Debt	0.9	0.8	0.91	0.93	0.13	0.71	0.67	0.33	0.94	0.38	0.77	-0.22	0.87	0.44	0.12	0.89	0.62	0.9		0.55	1.0	0.42	0.64	0.96	0.37	0.07
Total Current Assets	0.79	0.69	0.72	0.79	0.78	0.86	0.43	-0.22	0.56	-0.38	0.8	-0.78	0.62	0.98	0.81	0.79	0.3	0.8	0.55		0.55	0.81	0.88	0.69	0.17	-0.08
Short Term Debt	0.9	0.8	0.91	0.93	0.13	0.71	0.67	0.33	0.94	0.38	0.77	-0.22	0.87	0.44	0.12	0.89	0.62	0.9	1.0	0.55		0.42	0.64	0.96	0.37	0.07
Intangible Assets	0.74	0.72	0.67	0.68	0.74	0.9	0.26	-0.09	0.41	-0.28	0.67	-0.45	0.55	0.78	0.64	0.74	0.07	0.74	0.42	0.81	0.42		0.91	0.59	0.05	-0.11
Common Stock	0.84	0.76	0.76	0.82	0.65	0.99	0.32	-0.1	0.56	-0.29	0.75	-0.49	0.73	0.85	0.71	0.84	0.24	0.84	0.64	0.88	0.64	0.91		0.74	0.22	0.08
Property Plant Equipment	0.95	0.87	0.95	0.99	0.34	0.8	0.69	0.27	0.93	0.3	0.88	-0.34	0.86	0.57	0.26	0.95	0.54	0.96	0.96	0.69	0.96	0.59	0.74		0.4	0.06
Inventory	0.32	0.37	0.32	0.36	-0.15	0.21	0.27	0.15	0.41	0.34	0.59	-0.13	0.51	0.1	0.16	0.31	-0.31	0.29	0.37	0.17	0.37	0.05	0.22	0.4		0.72
Net Debt	-0.04	-0.13	-0.07	0.04	-0.26	0.06	-0.12	-0.05	0.0	0.01	0.11	0.1	0.15	-0.06	0.22	-0.05	-0.26	-0.08	0.07	-0.08	0.07	-0.11	0.08	0.06	0.72

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Bank of Qingdao Account Relationship Matchups

Bank of Qingdao fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	373.6B	459.8B	522.2B	529.6B	608.0B	437.9B
Other Current Liab	415.7M	818.3M	767.3M	703.9M	809.5M	468.7M
Total Current Liabilities	316.9B	404.0B	471.3B	412.1B	473.9B	351.0B
Total Stockholder Equity	29.9B	30.3B	32.6B	35.8B	39.1B	31.1B
Other Liab	1.2B	3.6B	2.3B	5.6B	6.4B	6.7B
Net Tangible Assets	21.9B	22.2B	24.5B	35.8B	41.2B	24.0B
Retained Earnings	8.6B	9.6B	11.2B	12.8B	5.0B	9.1B
Accounts Payable	229.1B	289.2B	319.9B	354.5B	9.6B	9.1B
Cash	44.3B	49.8B	60.5B	38.7B	47.1B	42.0B
Other Assets	179.2B	216.1B	253.8B	22.0B	25.3B	24.0B
Other Current Assets	21.5B	24.5B	20.8B	262.5B	301.9B	317.0B
Other Stockholder Equity	9.0B	32.7M	746.5M	17.2B	19.7B	20.7B
Total Liab	343.1B	428.9B	488.9B	493.0B	568.0B	406.2B
Deferred Long Term Liab	619.2M	196.2M	259.3M	352.2M	405.1M	389.9M
Long Term Investments	142.4B	178.5B	190.1B	202.2B	226.2B	168.3B
Total Current Assets	71.9B	99.7B	131.0B	348.4B	400.7B	420.7B
Intangible Assets	194.2M	252.5M	296.6M	353.1M	420.1M	278.3M
Property Plant Equipment	3.9B	4.1B	4.2B	4.3B	4.9B	3.4B
Inventory	10.5M	111.3M	50.1M	29.4M	33.9M	42.1M
Net Debt	72.1B	22.9B	31.6B	36.2B	42.2B	31.2B
Net Invested Capital	46.7B	44.9B	51.8B	46.1B	128.3B	68.8B

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Other Information on Investing in Bank Stock

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

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Bank Short Term Debt vs Total Revenue Analysis

Short Term Debt vs Total Revenue

Short Term Debt vs Total Revenue Correlation Analysis

Correlation Coefficient

Short Term Debt

Total Revenue

Bank of Qingdao fundamental ratios Correlations

Bank of Qingdao Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Bank of Qingdao fundamental ratios Accounts

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Other Information on Investing in Bank Stock

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Total Liab	+ 1.0	Total Assets
Short Term Debt	+ 1.0	Short Long Term Debt
Total Current Liabilities	+ 0.99	Total Assets
Long Term Investments	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Property Plant Equipment	+ 0.99	Total Stockholder Equity

Other Current Assets	- 0.8	Net Receivables
Total Current Assets	- 0.78	Net Receivables
Other Stockholder Equity	- 0.76	Other Assets
Other Stockholder Equity	- 0.73	Net Receivables
Net Receivables	- 0.69	Other Liab
Other Assets	- 0.6	Other Liab