Zhende Non Current Assets Total vs Accounts Payable Analysis

603301 Stock   20.37  0.22  1.07%   
Zhende Medical financial indicator trend analysis is more than just analyzing Zhende Medical current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhende Medical is a good investment. Please check the relationship between Zhende Medical Non Current Assets Total and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhende Medical 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.

Non Current Assets Total vs Accounts Payable

Non Current Assets Total vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhende Medical Non Current Assets Total account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Zhende Medical's Non Current Assets Total and Accounts Payable is 0.75. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Zhende Medical Co, assuming nothing else is changed. The correlation between historical values of Zhende Medical's Non Current Assets Total 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 Non Current Assets Total of Zhende Medical 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 Non Current Assets Total i.e., Zhende Medical's Non Current Assets Total and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.75
Relationship DirectionPositive 
Relationship StrengthSignificant

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Accounts Payable

An accounting item on the balance sheet that represents Zhende Medical 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 Zhende Medical 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 Zhende Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhende Medical 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 Zhende Medical 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.
As of January 11, 2025, Tax Provision is expected to decline to about 6 M. In addition to that, Selling General Administrative is expected to decline to about 394.3 M
 2022 2023 2024 2025 (projected)
Gross Profit2.1B1.4B1.6B1.6B
Total Revenue6.1B4.1B4.7B4.3B

Zhende Medical fundamental ratios Correlations

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0.91.00.980.930.950.940.340.950.930.930.920.9-0.80.570.940.830.760.970.650.95-0.340.95-0.820.87-0.81
0.840.930.910.930.890.980.330.930.980.920.920.82-0.820.660.960.740.860.970.590.97-0.340.95-0.70.81-0.86
0.980.960.990.950.890.930.070.860.930.860.840.98-0.780.60.90.930.820.880.50.91-0.360.86-0.850.97-0.77
0.890.940.950.940.980.930.220.921.00.930.930.88-0.790.650.960.810.870.970.510.97-0.420.94-0.730.87-0.82
-0.030.310.190.340.330.070.220.520.170.440.42-0.1-0.23-0.020.36-0.21-0.050.440.80.360.380.46-0.03-0.15-0.29
0.80.940.920.950.930.860.920.520.90.980.970.75-0.750.540.970.640.710.980.750.97-0.180.98-0.660.73-0.78
0.890.930.940.930.980.931.00.170.90.90.910.89-0.780.630.940.820.870.950.450.95-0.460.92-0.720.88-0.81
0.80.920.910.930.920.860.930.440.980.91.00.75-0.790.640.990.640.770.970.660.98-0.290.99-0.660.74-0.82
0.790.920.90.920.920.840.930.420.970.911.00.74-0.790.680.980.630.790.970.610.97-0.370.99-0.660.74-0.82
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-0.73-0.83-0.77-0.8-0.82-0.78-0.79-0.23-0.75-0.78-0.79-0.79-0.72-0.69-0.84-0.67-0.76-0.82-0.53-0.810.35-0.80.84-0.730.99
0.580.570.580.570.660.60.65-0.020.540.630.640.680.57-0.690.690.530.910.60.160.71-0.560.64-0.570.62-0.68
0.850.940.930.940.960.90.960.360.970.940.990.980.81-0.840.690.710.840.980.640.99-0.310.98-0.720.81-0.87
0.930.840.890.830.740.930.81-0.210.640.820.640.630.99-0.670.530.710.770.710.240.73-0.480.66-0.850.98-0.64
0.810.770.790.760.860.820.87-0.050.710.870.770.790.8-0.760.910.840.770.780.260.86-0.550.77-0.680.83-0.76
0.820.960.940.970.970.880.970.440.980.950.970.970.8-0.820.60.980.710.780.650.97-0.340.99-0.730.78-0.85
0.430.630.550.650.590.50.510.80.750.450.660.610.35-0.530.160.640.240.260.650.630.440.65-0.40.3-0.56
0.860.940.940.950.970.910.970.360.970.950.980.970.82-0.810.710.990.730.860.970.63-0.320.98-0.710.82-0.83
-0.35-0.34-0.37-0.34-0.34-0.36-0.420.38-0.18-0.46-0.29-0.37-0.460.35-0.56-0.31-0.48-0.55-0.340.44-0.32-0.340.42-0.480.34
0.80.940.920.950.950.860.940.460.980.920.990.990.76-0.80.640.980.660.770.990.650.98-0.34-0.690.75-0.83
-0.81-0.84-0.82-0.82-0.7-0.85-0.73-0.03-0.66-0.72-0.66-0.66-0.860.84-0.57-0.72-0.85-0.68-0.73-0.4-0.710.42-0.69-0.860.79
0.970.890.940.870.810.970.87-0.150.730.880.740.741.0-0.730.620.810.980.830.780.30.82-0.480.75-0.86-0.71
-0.72-0.84-0.78-0.81-0.86-0.77-0.82-0.29-0.78-0.81-0.82-0.82-0.70.99-0.68-0.87-0.64-0.76-0.85-0.56-0.830.34-0.830.79-0.71
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Zhende Medical Account Relationship Matchups

Zhende Medical fundamental ratios Accounts

202020212022202320242025 (projected)
Other Liab45.6M49.2M98.9M201.6M231.8M243.4M
Net Tangible Assets959.4M1.1B3.8B3.2B3.7B3.9B
Retained Earnings2.9B3.0B3.4B3.1B3.6B3.8B
Other Assets22.6M42.6M153.2M120.3M138.4M145.3M
Property Plant Equipment630.0M756.8M1.5B2.2B2.5B2.6B
Total Assets6.4B6.4B7.9B7.3B8.4B4.8B
Other Current Liab356.8M176.3M16.9M1.4M1.7M1.6M
Total Current Liabilities1.7B1.6B1.5B1.2B1.3B1.2B
Total Stockholder Equity4.2B4.1B5.5B5.4B6.2B3.1B
Accounts Payable636.3M576.8M702.7M412.6M474.4M436.2M
Cash1.8B1.4B2.1B1.1B1.2B1.0B
Non Current Assets Total2.0B3.2B3.8B4.5B5.2B5.5B
Non Currrent Assets Other27.0M112.8M60.4M62.8M56.5M53.7M
Long Term Debt95.1M145.2M388.4M200.2M230.2M179.1M
Net Receivables663.7M690.4M767.9M539.6M620.6M511.6M
Good Will130.4M398.5M474.5M787.8M906.0M951.3M
Non Current Liabilities Total194.0M379.5M621.2M490.0M563.5M323.5M
Inventory1.1B833.5M929.6M800.8M920.9M669.6M
Other Current Assets236.2M265.6M41.0M64.1M73.8M117.2M
Total Liab1.9B2.0B2.1B1.7B1.9B1.5B
Short Long Term Debt358.4M660.7M124.0M220.1M198.1M281.6M
Total Current Assets4.4B3.2B4.1B2.7B3.1B2.5B
Intangible Assets225.6M444.8M564.5M607.1M698.2M733.1M
Net Invested Capital4.6B4.9B6.1B5.8B6.7B4.1B
Net Working Capital2.6B1.6B2.6B1.5B1.8B1.5B
Property Plant And Equipment Net1.5B2.2B2.5B2.8B3.2B2.2B
Short Term Investments203.9M5.2M99.7M155.6M179.0M111.1M
Property Plant And Equipment Gross1.9B2.8B3.2B3.6B4.1B2.8B

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Other Information on Investing in Zhende Stock

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