| 301288 Stock | | | 14.11 0.95 6.31% |
Qingyan Environmental financial indicator trend analysis is much more than just breaking down Qingyan Environmental prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Qingyan Environmental is a good investment. Please check the relationship between Qingyan Environmental Other Current Assets and its Accounts Payable accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Qingyan Environmental 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 nation.
Other Current Assets vs Accounts Payable
Other Current Assets vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Qingyan Environmental Other Current Assets account and
Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Qingyan Environmental's Other Current Assets and Accounts Payable is 0.56. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Qingyan Environmental Technology, assuming nothing else is changed. The correlation between historical values of Qingyan Environmental's Other Current Assets 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 Other Current Assets of Qingyan Environmental 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 Other Current Assets i.e., Qingyan Environmental's Other Current Assets and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.56 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Accounts Payable
An accounting item on the balance sheet that represents Qingyan Environmental 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 Qingyan Environmental 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 Qingyan Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qingyan Environmental 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 Qingyan Environmental 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 nation.
The current year's
Tax Provision is expected to grow to about 6.9
M, whereas
Selling General Administrative is forecasted to decline to about 23.9
M.
Qingyan Environmental fundamental ratios Correlations
Click cells to compare fundamentals
Qingyan Environmental Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Qingyan Environmental fundamental ratios Accounts
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Other Information on Investing in Qingyan Stock
Balance Sheet is a snapshot of the
financial position of Qingyan Environmental at a specified time, usually calculated after every quarter, six months, or one year. Qingyan Environmental Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Qingyan Environmental 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 Qingyan currently owns. An asset can also be divided into two categories, current and non-current.