Ningbo Accounts Payable vs Non Current Assets Total Analysis

300839 Stock   8.11  0.20  2.41%   
Ningbo Bohui financial indicator trend analysis is infinitely more than just investigating Ningbo Bohui Chemical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo Bohui Chemical is a good investment. Please check the relationship between Ningbo Bohui Accounts Payable and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo Bohui Chemical. 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 Assets Total

Accounts Payable vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo Bohui Chemical Accounts Payable account and Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Ningbo Bohui's Accounts Payable and Non Current Assets Total is 0.91. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Ningbo Bohui Chemical, assuming nothing else is changed. The correlation between historical values of Ningbo Bohui's Accounts Payable and Non Current Assets 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 Ningbo Bohui Chemical are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Accounts Payable i.e., Ningbo Bohui's Accounts Payable and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.91
Relationship DirectionPositive 
Relationship StrengthVery Strong

Accounts Payable

An accounting item on the balance sheet that represents Ningbo Bohui 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 Ningbo Bohui Chemical 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 Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Ningbo Bohui's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Bohui Chemical 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 Ningbo Bohui Chemical. 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 27.8 M, whereas Tax Provision is forecasted to decline to about 8.7 M.
 2021 2022 2023 2024 (projected)
Gross Profit153.2M342.2M244.5M205.5M
Total Revenue1.5B3.0B2.8B1.4B

Ningbo Bohui fundamental ratios Correlations

0.370.980.960.970.840.870.580.98-0.56-0.36-0.760.970.770.990.820.960.960.720.910.980.870.990.10.910.84
0.370.340.470.290.590.16-0.320.38-0.29-0.34-0.160.350.670.30.310.420.340.360.230.340.070.380.020.530.09
0.980.340.910.970.750.840.640.94-0.54-0.33-0.760.970.730.990.830.970.970.640.950.960.920.960.070.850.81
0.960.470.910.940.90.760.450.95-0.52-0.32-0.80.910.840.90.860.940.90.750.810.930.750.980.120.930.7
0.970.290.970.940.740.810.590.93-0.53-0.32-0.820.960.690.960.90.960.960.660.940.950.910.960.140.820.77
0.840.590.750.90.740.70.250.87-0.42-0.3-0.510.80.830.780.560.780.760.820.60.810.510.870.10.940.67
0.870.160.840.760.810.70.540.91-0.66-0.52-0.470.790.610.90.550.730.760.720.720.930.720.84-0.190.760.91
0.58-0.320.640.450.590.250.540.5-0.47-0.23-0.620.630.180.640.470.570.650.320.690.520.80.570.190.420.66
0.980.380.940.950.930.870.910.5-0.59-0.4-0.70.90.810.950.780.910.880.780.810.990.770.97-0.080.90.81
-0.56-0.29-0.54-0.52-0.53-0.42-0.66-0.47-0.590.950.45-0.5-0.51-0.57-0.46-0.45-0.49-0.48-0.46-0.61-0.48-0.550.12-0.56-0.65
-0.36-0.34-0.33-0.32-0.32-0.3-0.52-0.23-0.40.950.21-0.3-0.39-0.38-0.24-0.24-0.29-0.35-0.25-0.43-0.25-0.350.12-0.42-0.53
-0.76-0.16-0.76-0.8-0.82-0.51-0.47-0.62-0.70.450.21-0.73-0.67-0.7-0.94-0.83-0.77-0.31-0.77-0.71-0.75-0.78-0.25-0.69-0.48
0.970.350.970.910.960.80.790.630.9-0.5-0.3-0.730.680.970.780.971.00.670.960.910.920.970.280.870.84
0.770.670.730.840.690.830.610.180.81-0.51-0.39-0.670.680.70.690.780.680.480.550.770.440.8-0.030.910.52
0.990.30.990.90.960.780.90.640.95-0.57-0.38-0.70.970.70.760.940.960.680.930.970.910.970.080.860.89
0.820.310.830.860.90.560.550.470.78-0.46-0.24-0.940.780.690.760.870.810.430.820.80.780.820.140.690.48
0.960.420.970.940.960.780.730.570.91-0.45-0.24-0.830.970.780.940.870.970.580.940.910.880.970.210.880.72
0.960.340.970.90.960.760.760.650.88-0.49-0.29-0.771.00.680.960.810.970.610.970.90.930.960.320.860.82
0.720.360.640.750.660.820.720.320.78-0.48-0.35-0.310.670.480.680.430.580.610.510.730.490.72-0.160.670.6
0.910.230.950.810.940.60.720.690.81-0.46-0.25-0.770.960.550.930.820.940.970.510.850.980.890.280.720.76
0.980.340.960.930.950.810.930.520.99-0.61-0.43-0.710.910.770.970.80.910.90.730.850.820.96-0.070.870.83
0.870.070.920.750.910.510.720.80.77-0.48-0.25-0.750.920.440.910.780.880.930.490.980.820.840.230.650.77
0.990.380.960.980.960.870.840.570.97-0.55-0.35-0.780.970.80.970.820.970.960.720.890.960.840.150.940.82
0.10.020.070.120.140.1-0.190.19-0.080.120.12-0.250.28-0.030.080.140.210.32-0.160.28-0.070.230.150.170.17
0.910.530.850.930.820.940.760.420.9-0.56-0.42-0.690.870.910.860.690.880.860.670.720.870.650.940.170.77
0.840.090.810.70.770.670.910.660.81-0.65-0.53-0.480.840.520.890.480.720.820.60.760.830.770.820.170.77
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Ningbo Bohui Account Relationship Matchups

Ningbo Bohui fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.1B1.5B1.7B2.3B2.1B1.4B
Other Current Liab27.5M22.4M48.8M48.6M6.0M5.7M
Total Current Liabilities346.6M393.1M694.9M806.8M901.1M468.7M
Total Stockholder Equity425.9M834.5M866.3M1.0B728.9M656.4M
Net Tangible Assets340.6M747.4M769.2M919.2M1.1B549.0M
Retained Earnings271.4M298.0M317.6M458.6M172.3M271.0M
Accounts Payable133.3M92.0M69.1M94.1M140.9M79.4M
Cash53.3M49.6M93.2M232.5M556.9M584.8M
Non Current Assets Total762.6M913.1M1.0B1.1B1.0B725.1M
Non Currrent Assets Other390K261.8K18.1M11.4M395.9K376.1K
Other Assets2.1M10.3M31.4M19.2M17.3M18.8M
Net Receivables121.6M463.4K616.8K1.1M1.0M953.2K
Non Current Liabilities Total333.6M243.8M162.6M461.8M481.2M243.9M
Inventory101.0M154.1M213.4M392.6M344.7M186.3M
Other Current Assets67.6M79.2M109.0M110.8M35.6M62.5M
Total Liab680.2M636.9M857.5M1.3B1.4B712.6M
Deferred Long Term Liab729.4K5.0M5.2M4.4M5.1M3.2M
Short Long Term Debt108M264.8M470.3M600.0M489.5M284.4M
Total Current Assets343.5M558.3M711.3M1.2B1.1B644.0M
Intangible Assets85.3M87.2M84.9M82.7M79.7M85.1M
Property Plant Equipment665.6M805.7M871.5M944.5M1.1B547.5M
Net Invested Capital867.5M1.3B1.4B2.0B1.6B1.3B
Net Working Capital(3.1M)165.3M16.4M404.2M182.2M178.1M
Net Debt388.3M439.9M473.5M761.1M338.0M463.9M
Long Term Debt333.6M224.7M96.4M393.6M405.4M283.2M

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Other Information on Investing in Ningbo Stock

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