| 300605 Stock | | | 14.21 0.63 4.25% |
HengFeng Information financial indicator trend analysis is much more than just examining HengFeng Information latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HengFeng Information is a good investment. Please check the relationship between HengFeng Information Common Stock and its Accounts Payable accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in HengFeng Information 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 board of governors.
Common Stock vs Accounts Payable
Common Stock vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
HengFeng Information Common Stock account and
Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.
The correlation between HengFeng Information's Common Stock and Accounts Payable is 0.95. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of HengFeng Information Technology, assuming nothing else is changed. The correlation between historical values of HengFeng Information's Common Stock 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 Common Stock of HengFeng Information Technology 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 Common Stock i.e., HengFeng Information's Common Stock and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.95 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Common Stock
Accounts Payable
An accounting item on the balance sheet that represents HengFeng 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 HengFeng 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.
Most indicators from HengFeng Information's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HengFeng 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 HengFeng Information 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 board of governors.
As of December 14, 2024,
Tax Provision is expected to decline to about 586.1
K. In addition to that,
Selling General Administrative is expected to decline to about 25.1
MHengFeng Information fundamental ratios Correlations
Click cells to compare fundamentals
HengFeng Information Account Relationship Matchups
High Positive Relationship
High Negative Relationship
HengFeng Information fundamental ratios Accounts
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Other Information on Investing in HengFeng Stock
Balance Sheet is a snapshot of the
financial position of HengFeng Information at a specified time, usually calculated after every quarter, six months, or one year. HengFeng Information Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of HengFeng 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 HengFeng currently owns. An asset can also be divided into two categories, current and non-current.