| 600600 Stock | | | 76.96 2.76 3.72% |
Tsingtao Brewery financial indicator trend analysis is much more than just breaking down Tsingtao Brewery prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tsingtao Brewery is a good investment. Please check the relationship between Tsingtao Brewery Other Current Liab and its Accounts Payable accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Tsingtao Brewery 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 board of governors.
Other Current Liab vs Accounts Payable
Other Current Liab vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tsingtao Brewery Other Current Liab account and
Accounts Payable. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Tsingtao Brewery's Other Current Liab and Accounts Payable is 0.19. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Tsingtao Brewery Co, assuming nothing else is changed. The correlation between historical values of Tsingtao Brewery's Other Current Liab 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 Liab of Tsingtao Brewery Co 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 Liab i.e., Tsingtao Brewery's Other Current Liab and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.19 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Other Current Liab
Accounts Payable
An accounting item on the balance sheet that represents Tsingtao Brewery 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 Tsingtao Brewery 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 Tsingtao Brewery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tsingtao Brewery 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 Tsingtao Brewery 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 board of governors.
The current year's
Selling General Administrative is expected to grow to about 4.8
B, whereas
Tax Provision is forecasted to decline to about 1.1
B.
Tsingtao Brewery fundamental ratios Correlations
Click cells to compare fundamentals
Tsingtao Brewery Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tsingtao Brewery fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Tsingtao Stock
Balance Sheet is a snapshot of the
financial position of Tsingtao Brewery at a specified time, usually calculated after every quarter, six months, or one year. Tsingtao Brewery Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tsingtao Brewery 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 Tsingtao currently owns. An asset can also be divided into two categories, current and non-current.