CIMC Accounts Payable vs Total Current Assets Analysis
| 301039 Stock | 9.86 0.06 0.61% |
CIMC Vehicles financial indicator trend analysis is way more than just evaluating CIMC Vehicles prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CIMC Vehicles is a good investment. Please check the relationship between CIMC Vehicles Accounts Payable and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CIMC Vehicles 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 Total Current Assets
Accounts Payable vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CIMC Vehicles Accounts Payable account and Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between CIMC Vehicles' Accounts Payable and Total Current Assets is 0.8. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of CIMC Vehicles Co, assuming nothing else is changed. The correlation between historical values of CIMC Vehicles' Accounts Payable and Total Current Assets 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 CIMC Vehicles Co are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Accounts Payable i.e., CIMC Vehicles' Accounts Payable and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.8 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Accounts Payable
An accounting item on the balance sheet that represents CIMC Vehicles 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 CIMC Vehicles 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.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from CIMC Vehicles' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CIMC Vehicles 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 CIMC Vehicles 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. As of December 2, 2024, Tax Provision is expected to decline to about 408.2 M. In addition to that, Selling General Administrative is expected to decline to about 1.7 B
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 44.8M | 46.8M | 11.1M | 10.6M | Interest Income | 62.0M | 73.3M | 121.7M | 90.6M |
CIMC Vehicles fundamental ratios Correlations
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CIMC Vehicles Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in CIMC Stock
Balance Sheet is a snapshot of the financial position of CIMC Vehicles at a specified time, usually calculated after every quarter, six months, or one year. CIMC Vehicles Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of CIMC Vehicles 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 CIMC currently owns. An asset can also be divided into two categories, current and non-current.