Ningbo Net Receivables vs Accounts Payable Analysis

601609 Stock

5.75 0.03 0.52%

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

Net Receivables vs Accounts Payable

Net Receivables vs Accounts Payable Correlation Analysis

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

The correlation between Ningbo Jintian's Net Receivables and Accounts Payable is 0.77. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Ningbo Jintian Copper, assuming nothing else is changed. The correlation between historical values of Ningbo Jintian's Net Receivables 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 Net Receivables of Ningbo Jintian Copper 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 Net Receivables i.e., Ningbo Jintian's Net Receivables and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.77

Relationship Direction	Positive
Relationship Strength	Significant

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Net Receivables

Accounts Payable

An accounting item on the balance sheet that represents Ningbo Jintian 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 Jintian Copper 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 Ningbo Jintian's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Jintian Copper 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 Jintian Copper. 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 Tax Provision is expected to grow to about 128.1 M, whereas Discontinued Operations is forecasted to decline to about 9.1 M.

	2022	2023	2024	2025 (projected)
Gross Profit	2.0B	2.5B	2.9B	2.0B
Total Revenue	101.2B	110.5B	127.1B	67.5B

Gross Profit Total Revenue

Ningbo Jintian fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Deferred Long Term Liab	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Short Term Investments	Non Current Liabilities Total	Total Liab	Short Long Term Debt	Non Current Liabilities Other
Other Current Liab		0.49	0.42	0.42	0.34	0.66	0.31	0.13	0.39	0.88	0.3	0.34	0.33	0.28	0.41	0.31	0.32	-0.05	0.37	0.29	0.01	0.16	0.03	0.3	-0.48	-0.34
Total Current Liabilities	0.49		0.94	0.94	0.95	0.94	0.73	0.84	0.97	0.63	0.92	0.89	0.96	0.85	0.94	0.92	0.92	-0.7	0.94	0.41	0.72	0.81	0.74	0.9	0.13	-0.8
Other Liab	0.42	0.94		0.99	0.99	0.93	0.81	0.82	0.97	0.55	0.9	0.93	0.95	0.92	0.98	0.95	0.98	-0.77	0.99	0.51	0.73	0.8	0.74	0.91	0.08	-0.79
Net Tangible Assets	0.42	0.94	0.99		0.99	0.93	0.77	0.85	0.98	0.57	0.91	0.92	0.96	0.95	0.99	0.96	0.99	-0.79	0.99	0.44	0.77	0.83	0.78	0.93	0.08	-0.77
Retained Earnings	0.34	0.95	0.99	0.99		0.91	0.81	0.87	0.98	0.5	0.93	0.94	0.96	0.92	0.98	0.95	0.98	-0.8	0.99	0.49	0.77	0.82	0.79	0.92	0.13	-0.82
Accounts Payable	0.66	0.94	0.93	0.93	0.91		0.72	0.77	0.93	0.73	0.89	0.88	0.88	0.83	0.93	0.89	0.9	-0.69	0.93	0.47	0.66	0.74	0.68	0.86	-0.04	-0.75
Other Assets	0.31	0.73	0.81	0.77	0.81	0.72		0.59	0.72	0.47	0.71	0.87	0.65	0.62	0.71	0.61	0.73	-0.51	0.74	0.9	0.43	0.55	0.45	0.52	-0.29	-0.93
Net Receivables	0.13	0.84	0.82	0.85	0.87	0.77	0.59		0.87	0.27	0.97	0.87	0.89	0.86	0.84	0.89	0.89	-0.94	0.88	0.28	0.97	0.84	0.98	0.88	0.28	-0.63
Inventory	0.39	0.97	0.97	0.98	0.98	0.93	0.72	0.87		0.52	0.93	0.9	0.99	0.92	0.98	0.98	0.98	-0.78	0.98	0.37	0.79	0.83	0.8	0.96	0.21	-0.76
Other Current Assets	0.88	0.63	0.55	0.57	0.5	0.73	0.47	0.27	0.52		0.46	0.48	0.48	0.44	0.53	0.44	0.48	-0.12	0.5	0.39	0.13	0.42	0.15	0.41	-0.47	-0.57
Other Stockholder Equity	0.3	0.92	0.9	0.91	0.93	0.89	0.71	0.97	0.93	0.46		0.94	0.92	0.88	0.9	0.92	0.93	-0.87	0.93	0.42	0.9	0.89	0.91	0.89	0.17	-0.74
Deferred Long Term Liab	0.34	0.89	0.93	0.92	0.94	0.88	0.87	0.87	0.9	0.48	0.94		0.86	0.85	0.89	0.85	0.92	-0.82	0.93	0.65	0.77	0.82	0.79	0.8	-0.02	-0.82
Total Current Assets	0.33	0.96	0.95	0.96	0.96	0.88	0.65	0.89	0.99	0.48	0.92	0.86		0.94	0.97	0.99	0.97	-0.81	0.97	0.27	0.83	0.82	0.84	0.98	0.26	-0.71
Common Stock	0.28	0.85	0.92	0.95	0.92	0.83	0.62	0.86	0.92	0.44	0.88	0.85	0.94		0.94	0.96	0.97	-0.84	0.95	0.27	0.84	0.85	0.85	0.94	0.21	-0.6
Property Plant Equipment	0.41	0.94	0.98	0.99	0.98	0.93	0.71	0.84	0.98	0.53	0.9	0.89	0.97	0.94		0.98	0.99	-0.81	1.0	0.37	0.78	0.8	0.79	0.96	0.17	-0.72
Total Assets	0.31	0.92	0.95	0.96	0.95	0.89	0.61	0.89	0.98	0.44	0.92	0.85	0.99	0.96	0.98		0.98	-0.85	0.98	0.23	0.86	0.84	0.87	0.99	0.3	-0.65
Total Stockholder Equity	0.32	0.92	0.98	0.99	0.98	0.9	0.73	0.89	0.98	0.48	0.93	0.92	0.97	0.97	0.99	0.98		-0.85	0.99	0.39	0.83	0.85	0.84	0.95	0.17	-0.73
Cash	-0.05	-0.7	-0.77	-0.79	-0.8	-0.69	-0.51	-0.94	-0.78	-0.12	-0.87	-0.82	-0.81	-0.84	-0.81	-0.85	-0.85		-0.84	-0.23	-0.96	-0.74	-0.96	-0.83	-0.28	0.47
Non Current Assets Total	0.37	0.94	0.99	0.99	0.99	0.93	0.74	0.88	0.98	0.5	0.93	0.93	0.97	0.95	1.0	0.98	0.99	-0.84		0.41	0.81	0.83	0.82	0.95	0.16	-0.75
Non Currrent Assets Other	0.29	0.41	0.51	0.44	0.49	0.47	0.9	0.28	0.37	0.39	0.42	0.65	0.27	0.27	0.37	0.23	0.39	-0.23	0.41		0.11	0.25	0.14	0.13	-0.57	-0.79
Long Term Debt	0.01	0.72	0.73	0.77	0.77	0.66	0.43	0.97	0.79	0.13	0.9	0.77	0.83	0.84	0.78	0.86	0.83	-0.96	0.81	0.11		0.81	1.0	0.86	0.38	-0.45
Short Term Investments	0.16	0.81	0.8	0.83	0.82	0.74	0.55	0.84	0.83	0.42	0.89	0.82	0.82	0.85	0.8	0.84	0.85	-0.74	0.83	0.25	0.81		0.82	0.82	0.29	-0.56
Non Current Liabilities Total	0.03	0.74	0.74	0.78	0.79	0.68	0.45	0.98	0.8	0.15	0.91	0.79	0.84	0.85	0.79	0.87	0.84	-0.96	0.82	0.14	1.0	0.82		0.86	0.36	-0.47
Total Liab	0.3	0.9	0.91	0.93	0.92	0.86	0.52	0.88	0.96	0.41	0.89	0.8	0.98	0.94	0.96	0.99	0.95	-0.83	0.95	0.13	0.86	0.82	0.86		0.37	-0.58
Short Long Term Debt	-0.48	0.13	0.08	0.08	0.13	-0.04	-0.29	0.28	0.21	-0.47	0.17	-0.02	0.26	0.21	0.17	0.3	0.17	-0.28	0.16	-0.57	0.38	0.29	0.36	0.37		0.25
Non Current Liabilities Other	-0.34	-0.8	-0.79	-0.77	-0.82	-0.75	-0.93	-0.63	-0.76	-0.57	-0.74	-0.82	-0.71	-0.6	-0.72	-0.65	-0.73	0.47	-0.75	-0.79	-0.45	-0.56	-0.47	-0.58	0.25

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Ningbo Jintian Account Relationship Matchups

Ningbo Jintian fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Other Current Liab	465.9M	639.8M	1.0B	141.0M	162.2M	154.1M
Total Current Liabilities	4.4B	8.6B	8.1B	7.2B	8.3B	5.8B
Other Liab	380.4M	424.3M	527.9M	582.4M	669.7M	425.6M
Net Tangible Assets	4.4B	6.2B	6.9B	7.0B	8.1B	5.3B
Retained Earnings	3.1B	3.7B	3.7B	4.0B	4.7B	3.0B
Accounts Payable	1.8B	3.0B	3.7B	2.2B	2.5B	1.9B
Other Assets	375.6M	383.6M	456.4M	307.6M	353.7M	307.2M
Net Receivables	2.6B	4.2B	5.2B	6.3B	7.3B	7.6B
Inventory	2.9B	5.0B	4.9B	5.2B	5.9B	3.4B
Other Current Assets	1.0B	1.6B	1.6B	375.9M	432.3M	410.6M
Other Stockholder Equity	269.8M	320.8M	344.4M	582.6M	670.0M	703.5M
Deferred Long Term Liab	25.4M	32.9M	46.7M	45.0M	51.7M	54.3M
Total Current Assets	8.2B	13.1B	13.5B	15.1B	17.3B	9.7B
Property Plant Equipment	3.0B	3.9B	5.2B	5.6B	6.5B	3.3B
Total Assets	13.1B	19.1B	20.0B	21.8B	25.1B	15.1B
Total Stockholder Equity	6.7B	7.5B	7.6B	8.3B	9.5B	6.4B
Cash	924.7M	1.1B	685.0M	388.3M	349.5M	332.0M
Non Current Assets Total	4.9B	6.0B	6.5B	6.8B	7.8B	4.7B
Non Currrent Assets Other	298.2M	122.8M	150.2M	87.6M	100.8M	181.9M
Long Term Debt	1.3B	2.3B	3.5B	5.5B	6.3B	6.6B
Short Term Investments	205.9M	525.5M	128.3M	336.4M	386.8M	406.2M
Non Current Liabilities Total	1.8B	2.9B	4.1B	6.1B	7.0B	7.4B
Total Liab	6.2B	11.5B	12.2B	13.3B	15.3B	8.6B
Short Long Term Debt	1.7B	2.9B	2.1B	3.0B	3.5B	2.7B
Intangible Assets	484.3M	549.7M	537.6M	527.8M	606.9M	455.9M
Net Debt	2.1B	4.1B	4.9B	8.1B	9.3B	9.8B
Common Stock Shares Outstanding	1.5B	1.5B	1.5B	1.5B	1.7B	1.5B
Net Invested Capital	9.7B	12.8B	13.2B	16.7B	19.3B	11.4B
Net Working Capital	3.8B	4.5B	5.4B	7.8B	9.0B	9.5B
Capital Stock	1.5B	1.5B	1.5B	1.5B	1.7B	1.5B
Property Plant And Equipment Net	3.9B	5.2B	5.6B	5.9B	6.8B	5.2B
Property Plant And Equipment Gross	5.5B	7.0B	7.9B	8.6B	9.9B	7.4B

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Balance Sheet is a snapshot of the financial position of Ningbo Jintian Copper at a specified time, usually calculated after every quarter, six months, or one year. Ningbo Jintian Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ningbo Jintian 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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Ningbo Net Receivables vs Accounts Payable Analysis

Net Receivables vs Accounts Payable

Net Receivables vs Accounts Payable Correlation Analysis

Correlation Coefficient

Net Receivables

Accounts Payable

Ningbo Jintian fundamental ratios Correlations

Ningbo Jintian Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ningbo Jintian fundamental ratios Accounts

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Other Information on Investing in Ningbo Stock

COMMON DESTINATIONS

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COMPANY

Non Current Assets Total	+ 1.0	Property Plant Equipment
Non Current Liabilities Total	+ 1.0	Long Term Debt
Net Tangible Assets	+ 0.99	Other Liab
Retained Earnings	+ 0.99	Other Liab
Non Current Assets Total	+ 0.99	Other Liab
Retained Earnings	+ 0.99	Net Tangible Assets

Non Current Liabilities Total	- 0.96	Cash
Long Term Debt	- 0.96	Cash
Cash	- 0.94	Net Receivables
Non Current Liabilities Other	- 0.93	Other Assets
Cash	- 0.87	Other Stockholder Equity
Cash	- 0.85	Total Stockholder Equity