Ningbo Accounts Payable vs Cash Analysis

300880 Stock

24.76 0.35 1.39%

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

Accounts Payable vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo Jianan Electronics Accounts Payable account and Cash. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Ningbo Jianan's Accounts Payable and Cash is 0.87. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash in the same time period over historical financial statements of Ningbo Jianan Electronics, assuming nothing else is changed. The correlation between historical values of Ningbo Jianan's Accounts Payable and Cash 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 Jianan Electronics are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Accounts Payable i.e., Ningbo Jianan's Accounts Payable and Cash go up and down completely randomly.

Correlation Coefficient

0.87

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Ningbo Jianan 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 Jianan Electronics 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

Cash refers to the most liquid asset of Ningbo Jianan Electronics, which is listed under current asset account on Ningbo Jianan Electronics balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Ningbo Jianan customers. The amounts must be unrestricted with restricted cash listed in a different Ningbo Jianan account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Ningbo Jianan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Jianan Electronics 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 Jianan Electronics. 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.

As of December 12, 2024, Tax Provision is expected to decline to about 14.5 M. In addition to that, Selling General Administrative is expected to decline to about 33.8 M

	2021	2022	2023	2024 (projected)
Gross Profit	193.9M	258.7M	260.0M	170.7M
Total Revenue	669.0M	804.3M	909.9M	605.2M

Gross Profit Total Revenue

Ningbo Jianan fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Capital Stock	Property Plant And Equipment Net
Total Assets		0.85	0.9	0.99	0.82	0.93	0.99	0.88	0.96	0.94	0.91	0.87	0.84	0.86	0.75	0.55	0.91	0.99	0.78	0.97	0.85	0.94	0.98	0.99	0.93	0.91
Other Current Liab	0.85		0.68	0.86	0.95	0.96	0.86	0.65	0.84	0.9	0.67	0.99	0.73	0.99	0.67	0.18	0.69	0.81	0.57	0.86	1.0	0.93	0.88	0.85	0.95	0.95
Total Current Liabilities	0.9	0.68		0.83	0.71	0.8	0.87	1.0	0.88	0.76	0.87	0.73	0.87	0.73	0.51	0.66	1.0	0.92	0.93	0.86	0.68	0.72	0.81	0.84	0.72	0.69
Total Stockholder Equity	0.99	0.86	0.83		0.81	0.94	0.99	0.8	0.94	0.96	0.88	0.88	0.79	0.86	0.8	0.5	0.83	0.97	0.69	0.97	0.86	0.97	1.0	0.99	0.96	0.94
Other Liab	0.82	0.95	0.71	0.81		0.92	0.82	0.69	0.86	0.85	0.61	0.92	0.63	0.98	0.62	0.13	0.72	0.78	0.6	0.83	0.97	0.87	0.83	0.8	0.89	0.9
Net Tangible Assets	0.93	0.96	0.8	0.94	0.92		0.92	0.77	0.89	0.9	0.79	0.96	0.77	0.96	0.75	0.4	0.8	0.92	0.66	0.9	0.96	0.94	0.95	0.95	0.95	0.93
Retained Earnings	0.99	0.86	0.87	0.99	0.82	0.92		0.85	0.95	0.97	0.91	0.89	0.84	0.86	0.78	0.52	0.88	0.97	0.75	0.98	0.86	0.95	0.98	0.97	0.95	0.93
Accounts Payable	0.88	0.65	1.0	0.8	0.69	0.77	0.85		0.87	0.72	0.87	0.7	0.84	0.7	0.5	0.69	1.0	0.91	0.92	0.83	0.65	0.68	0.79	0.82	0.68	0.65
Cash	0.96	0.84	0.88	0.94	0.86	0.89	0.95	0.87		0.93	0.85	0.85	0.76	0.87	0.64	0.45	0.89	0.94	0.74	0.96	0.85	0.9	0.93	0.92	0.9	0.89
Non Current Assets Total	0.94	0.9	0.76	0.96	0.85	0.9	0.97	0.72	0.93		0.78	0.91	0.78	0.89	0.76	0.3	0.77	0.9	0.66	0.97	0.9	0.99	0.96	0.92	0.98	0.98
Non Currrent Assets Other	0.91	0.67	0.87	0.88	0.61	0.79	0.91	0.87	0.85	0.78		0.72	0.76	0.66	0.74	0.82	0.87	0.92	0.73	0.83	0.65	0.77	0.87	0.9	0.76	0.73
Other Assets	0.87	0.99	0.73	0.88	0.92	0.96	0.89	0.7	0.85	0.91	0.72		0.81	0.97	0.66	0.27	0.74	0.84	0.63	0.88	0.98	0.93	0.9	0.87	0.94	0.94
Net Receivables	0.84	0.73	0.87	0.79	0.63	0.77	0.84	0.84	0.76	0.78	0.76	0.81		0.72	0.43	0.5	0.87	0.84	0.84	0.84	0.7	0.74	0.78	0.78	0.74	0.72
Non Current Liabilities Total	0.86	0.99	0.73	0.86	0.98	0.96	0.86	0.7	0.87	0.89	0.66	0.97	0.72		0.64	0.18	0.74	0.83	0.63	0.87	0.99	0.92	0.88	0.85	0.93	0.94
Inventory	0.75	0.67	0.51	0.8	0.62	0.75	0.78	0.5	0.64	0.76	0.74	0.66	0.43	0.64		0.45	0.52	0.73	0.36	0.67	0.68	0.8	0.81	0.8	0.79	0.77
Other Current Assets	0.55	0.18	0.66	0.5	0.13	0.4	0.52	0.69	0.45	0.3	0.82	0.27	0.5	0.18	0.45		0.65	0.62	0.57	0.42	0.16	0.29	0.48	0.56	0.28	0.22
Total Liab	0.91	0.69	1.0	0.83	0.72	0.8	0.88	1.0	0.89	0.77	0.87	0.74	0.87	0.74	0.52	0.65		0.93	0.93	0.87	0.69	0.73	0.82	0.85	0.73	0.7
Total Current Assets	0.99	0.81	0.92	0.97	0.78	0.92	0.97	0.91	0.94	0.9	0.92	0.84	0.84	0.83	0.73	0.62	0.93		0.8	0.95	0.81	0.9	0.97	0.98	0.89	0.86
Intangible Assets	0.78	0.57	0.93	0.69	0.6	0.66	0.75	0.92	0.74	0.66	0.73	0.63	0.84	0.63	0.36	0.57	0.93	0.8		0.78	0.57	0.59	0.67	0.69	0.59	0.57
Common Stock	0.97	0.86	0.86	0.97	0.83	0.9	0.98	0.83	0.96	0.97	0.83	0.88	0.84	0.87	0.67	0.42	0.87	0.95	0.78		0.86	0.95	0.96	0.94	0.94	0.93
Property Plant Equipment	0.85	1.0	0.68	0.86	0.97	0.96	0.86	0.65	0.85	0.9	0.65	0.98	0.7	0.99	0.68	0.16	0.69	0.81	0.57	0.86		0.93	0.89	0.85	0.95	0.95
Common Stock Shares Outstanding	0.94	0.93	0.72	0.97	0.87	0.94	0.95	0.68	0.9	0.99	0.77	0.93	0.74	0.92	0.8	0.29	0.73	0.9	0.59	0.95	0.93		0.97	0.94	1.0	0.99
Net Invested Capital	0.98	0.88	0.81	1.0	0.83	0.95	0.98	0.79	0.93	0.96	0.87	0.9	0.78	0.88	0.81	0.48	0.82	0.97	0.67	0.96	0.89	0.97		0.99	0.97	0.95
Net Working Capital	0.99	0.85	0.84	0.99	0.8	0.95	0.97	0.82	0.92	0.92	0.9	0.87	0.78	0.85	0.8	0.56	0.85	0.98	0.69	0.94	0.85	0.94	0.99		0.93	0.9
Capital Stock	0.93	0.95	0.72	0.96	0.89	0.95	0.95	0.68	0.9	0.98	0.76	0.94	0.74	0.93	0.79	0.28	0.73	0.89	0.59	0.94	0.95	1.0	0.97	0.93		1.0
Property Plant And Equipment Net	0.91	0.95	0.69	0.94	0.9	0.93	0.93	0.65	0.89	0.98	0.73	0.94	0.72	0.94	0.77	0.22	0.7	0.86	0.57	0.93	0.95	0.99	0.95	0.9	1.0

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Ningbo Jianan Account Relationship Matchups

High Positive Relationship

Property Plant Equipment	+ 1.0	Other Current Liab
Accounts Payable	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Net Invested Capital	+ 1.0	Total Stockholder Equity
Total Liab	+ 1.0	Accounts Payable
Capital Stock	+ 1.0	Common Stock Shares Outstanding

High Negative Relationship

Not Found

Ningbo Jianan fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	624.0M	996.4M	1.0B	1.2B	1.3B	867.6M
Other Current Liab	5.0M	7.3M	18.8M	26.2M	30.1M	31.6M
Total Current Liabilities	338.1M	350.5M	304.3M	337.2M	367.4M	323.5M
Total Stockholder Equity	284.9M	643.6M	724.4M	847.8M	922.6M	540.8M
Other Liab	1.0M	2.3M	1.4M	6.3M	7.3M	7.6M
Net Tangible Assets	257.9M	617.3M	698.7M	820.9M	944.1M	991.3M
Retained Earnings	156.7M	235.6M	315.1M	406.8M	399.6M	225.7M
Accounts Payable	323.2M	329.8M	270.6M	295.3M	330.8M	294.2M
Cash	237.4M	284.7M	228.3M	398.4M	540.3M	273.4M
Non Current Assets Total	56.0M	108.8M	189.7M	296.7M	288.9M	147.6M
Non Currrent Assets Other	116.2K	612.7K	13.9M	14.1M	12.8M	7.6M
Other Assets	6.4M	5.8M	18.8M	21.0M	24.2M	25.4M
Net Receivables	247.4M	209.7M	360.7M	279.6M	298.6M	278.2M
Non Current Liabilities Total	1.0M	2.3M	3.4M	6.7M	8.0M	8.4M
Inventory	41.3M	67.7M	59.8M	85.2M	52.4M	55.9M
Other Current Assets	42.0M	42.4M	33.1M	10.2M	8.1M	7.7M
Total Liab	339.1M	352.8M	307.7M	343.9M	375.4M	326.8M
Total Current Assets	568.0M	887.6M	842.4M	895.0M	1.0B	719.4M
Intangible Assets	27.0M	26.4M	25.7M	26.8M	26.4M	26.2M
Property Plant Equipment	22.6M	76.6M	145.3M	248.8M	286.1M	300.4M
Net Invested Capital	284.9M	643.6M	724.4M	847.8M	922.6M	596.7M
Net Working Capital	229.9M	537.1M	538.1M	557.8M	641.7M	435.4M

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Other Information on Investing in Ningbo Stock

Balance Sheet is a snapshot of the financial position of Ningbo Jianan Electronics at a specified time, usually calculated after every quarter, six months, or one year. Ningbo Jianan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ningbo Jianan 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.

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