Xiamen Accounts Payable vs Total Stockholder Equity Analysis

603180 Stock   20.71  0.01  0.05%   
Xiamen Goldenhome financial indicator trend analysis is more than just analyzing Xiamen Goldenhome current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xiamen Goldenhome is a good investment. Please check the relationship between Xiamen Goldenhome Accounts Payable and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xiamen Goldenhome 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 Stockholder Equity

Accounts Payable vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xiamen Goldenhome Accounts Payable account and Total Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Xiamen Goldenhome's Accounts Payable and Total Stockholder Equity is 0.91. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Xiamen Goldenhome Co, assuming nothing else is changed. The correlation between historical values of Xiamen Goldenhome's Accounts Payable and Total Stockholder Equity 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 Xiamen Goldenhome Co are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Accounts Payable i.e., Xiamen Goldenhome's Accounts Payable and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.91
Relationship DirectionPositive 
Relationship StrengthVery Strong

Accounts Payable

An accounting item on the balance sheet that represents Xiamen Goldenhome 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 Xiamen Goldenhome 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 Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Xiamen Goldenhome's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xiamen Goldenhome 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 Xiamen Goldenhome 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 20.2 M, whereas Selling General Administrative is forecasted to decline to about 355.6 M.
 2021 2022 2023 2024 (projected)
Operating Income335.2M275.5M276.1M193.1M
Total Revenue3.4B3.6B3.6B2.0B

Xiamen Goldenhome fundamental ratios Correlations

0.181.00.990.940.990.880.860.990.920.980.880.120.990.950.980.990.960.990.880.990.850.930.730.930.74
0.180.220.230.40.240.430.480.26-0.050.220.30.270.11-0.020.10.260.310.230.210.17-0.130.360.410.150.58
1.00.221.00.941.00.910.860.990.910.970.910.110.980.930.981.00.970.990.860.990.860.930.740.940.77
0.990.231.00.951.00.910.870.990.90.970.910.150.970.920.970.990.971.00.860.990.860.940.750.940.79
0.940.40.940.950.960.920.860.960.790.940.840.320.910.870.870.960.960.940.780.910.710.910.810.870.87
0.990.241.01.00.960.920.880.990.910.970.910.160.980.930.961.00.970.990.870.990.850.940.760.930.79
0.880.430.910.910.920.920.940.910.760.850.960.150.840.760.830.910.920.90.780.870.810.960.850.930.85
0.860.480.860.870.860.880.940.850.790.830.920.170.830.750.790.880.840.860.870.860.730.960.830.890.72
0.990.260.990.990.960.990.910.850.870.970.90.130.970.910.970.990.970.990.830.970.840.930.710.930.81
0.92-0.050.910.90.790.910.760.790.870.860.82-0.040.930.910.90.90.810.90.940.930.860.840.580.880.57
0.980.220.970.970.940.970.850.830.970.860.820.120.980.950.950.970.960.980.820.960.780.910.740.880.73
0.880.30.910.910.840.910.960.920.90.820.820.080.840.750.870.90.870.90.80.890.90.960.740.970.75
0.120.270.110.150.320.160.150.170.13-0.040.120.080.080.170.060.170.150.14-0.050.13-0.030.10.310.080.22
0.990.110.980.970.910.980.840.830.970.930.980.840.080.980.970.980.940.980.880.980.840.90.70.910.67
0.95-0.020.930.920.870.930.760.750.910.910.950.750.170.980.920.930.890.930.820.940.80.820.690.850.57
0.980.10.980.970.870.960.830.790.970.90.950.870.060.970.920.960.930.980.820.980.890.90.630.920.68
0.990.261.00.990.961.00.910.880.990.90.970.90.170.980.930.960.970.990.870.990.830.940.760.930.78
0.960.310.970.970.960.970.920.840.970.810.960.870.150.940.890.930.970.970.780.940.790.910.820.890.82
0.990.230.991.00.940.990.90.860.990.90.980.90.140.980.930.980.990.970.860.990.850.940.730.930.77
0.880.210.860.860.780.870.780.870.830.940.820.8-0.050.880.820.820.870.780.860.880.720.840.620.820.6
0.990.170.990.990.910.990.870.860.970.930.960.890.130.980.940.980.990.940.990.880.870.930.710.930.71
0.85-0.130.860.860.710.850.810.730.840.860.780.9-0.030.840.80.890.830.790.850.720.870.850.590.950.53
0.930.360.930.940.910.940.960.960.930.840.910.960.10.90.820.90.940.910.940.840.930.850.80.970.78
0.730.410.740.750.810.760.850.830.710.580.740.740.310.70.690.630.760.820.730.620.710.590.80.720.62
0.930.150.940.940.870.930.930.890.930.880.880.970.080.910.850.920.930.890.930.820.930.950.970.720.72
0.740.580.770.790.870.790.850.720.810.570.730.750.220.670.570.680.780.820.770.60.710.530.780.620.72
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Xiamen Goldenhome Account Relationship Matchups

Xiamen Goldenhome fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.7B3.5B4.5B4.9B6.0B6.3B
Other Current Liab460.1M632.4M778.8M48.9M53.4M50.7M
Total Current Liabilities1.1B1.6B2.0B2.2B2.4B2.5B
Total Stockholder Equity1.2B1.8B2.4B2.6B2.8B2.9B
Other Liab41.5M36.4M61.6M52.0M59.8M62.8M
Retained Earnings680.1M912.0M1.2B1.3B1.4B1.4B
Accounts Payable520.6M729.9M748.3M834.1M835.7M485.6M
Cash661.9M467.9M760.0M596.5M788.2M422.8M
Other Assets104.6M118.5M253.4M287.4M330.6M347.1M
Net Receivables109.0M52.1M89.8M146.7M150.9M158.4M
Short Term Investments479.5M904.1M956.8M821.5M1.4B1.4B
Inventory242.9M299.3M471.1M528.1M498.4M258.8M
Other Current Assets35.1M61.9M78.6M42.5M41.8M72.2M
Total Liab1.5B1.7B2.1B2.3B3.2B3.4B
Intangible Assets124.3M125.2M126.6M180.6M294.4M309.1M
Common Stock67.5M67.2M103.3M154.4M177.5M186.4M
Property Plant Equipment683.8M851.1M1.1B1.5B1.7B1.8B
Net Tangible Assets1.1B1.7B2.3B2.3B2.7B2.8B
Other Stockholder Equity(82.5K)61.4M17.2M46.0M52.9M55.5M
Deferred Long Term Liab33.3M41.8M44.6M76.0M87.4M91.8M
Total Current Assets1.5B1.9B2.5B2.3B3.0B1.7B
Non Current Assets Total1.1B1.6B2.0B2.6B3.0B1.7B
Non Currrent Assets Other70.2M198.4M131.2M136.8M65.3M97.4M
Non Current Liabilities Total359.5M62.6M79.9M74.5M844.5M886.7M
Common Stock Shares Outstanding131.7M144.6M154.4M154.3M154.3M157.6M
Net Invested Capital1.6B2.0B2.7B3.3B4.2B2.5B
Net Working Capital425.7M294.4M459.7M64.3M619.8M356.0M
Capital Stock67.2M103.3M154.4M154.3M154.3M128.5M
Non Current Liabilities Other323.0M19.5M4.5M4.9M1.6M1.5M

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Other Information on Investing in Xiamen Stock

Balance Sheet is a snapshot of the financial position of Xiamen Goldenhome at a specified time, usually calculated after every quarter, six months, or one year. Xiamen Goldenhome Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xiamen Goldenhome 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 Xiamen currently owns. An asset can also be divided into two categories, current and non-current.