300888 Stock | | | 40.38 3.18 8.55% |
Winner Medical financial indicator trend analysis is more than just analyzing Winner Medical current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Winner Medical is a good investment. Please check the relationship between Winner Medical Accounts Payable and its Non Current Liabilities Other accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Winner Medical Co. 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 Liabilities Other
Accounts Payable vs Non Current Liabilities Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Winner Medical Accounts Payable account and
Non Current Liabilities Other. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Winner Medical's Accounts Payable and Non Current Liabilities Other is 0.83. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Non Current Liabilities Other in the same time period over historical financial statements of Winner Medical Co, assuming nothing else is changed. The correlation between historical values of Winner Medical's Accounts Payable and Non Current Liabilities Other 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 Winner Medical Co are associated (or correlated) with its Non Current Liabilities Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Other has no effect on the direction of Accounts Payable i.e., Winner Medical's Accounts Payable and Non Current Liabilities Other go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Accounts Payable
An accounting item on the balance sheet that represents Winner Medical 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 Winner Medical 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 Liabilities Other
Most indicators from Winner Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Winner Medical 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 Winner Medical Co. 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 222.6
M, whereas
Selling General Administrative is forecasted to decline to about 1.6
B.
Winner Medical fundamental ratios Correlations
Click cells to compare fundamentals
Winner Medical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Winner Medical fundamental ratios Accounts
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Other Information on Investing in Winner Stock
Balance Sheet is a snapshot of the
financial position of Winner Medical at a specified time, usually calculated after every quarter, six months, or one year. Winner Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Winner Medical 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 Winner currently owns. An asset can also be divided into two categories, current and non-current.