Fuzhou Non Current Liabilities Total vs Accounts Payable Analysis

603893 Stock   85.40  0.87  1.03%   
Fuzhou Rockchip financial indicator trend analysis is much more than just examining Fuzhou Rockchip Elec latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fuzhou Rockchip Elec is a good investment. Please check the relationship between Fuzhou Rockchip Non Current Liabilities Total and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Fuzhou Rockchip Electronics. 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.

Non Current Liabilities Total vs Accounts Payable

Non Current Liabilities Total vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fuzhou Rockchip Elec Non Current Liabilities Total account and Accounts Payable. At this time, the significance of the direction appears to have very week relationship.
The correlation between Fuzhou Rockchip's Non Current Liabilities Total and Accounts Payable is 0.26. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Fuzhou Rockchip Electronics, assuming nothing else is changed. The correlation between historical values of Fuzhou Rockchip's Non Current Liabilities 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 Liabilities Total of Fuzhou Rockchip Electronics 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 Liabilities Total i.e., Fuzhou Rockchip's Non Current Liabilities Total and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.26
Relationship DirectionPositive 
Relationship StrengthVery Weak

Non Current Liabilities Total

Accounts Payable

An accounting item on the balance sheet that represents Fuzhou Rockchip 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 Fuzhou Rockchip Elec 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 Fuzhou Rockchip's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fuzhou Rockchip Elec 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 Fuzhou Rockchip Electronics. 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 Selling General Administrative is expected to grow to about 71.4 M, whereas Tax Provision is projected to grow to (50 M).
 2021 2022 2023 2024 (projected)
Gross Profit1.1B764.9M731.0M726.4M
Total Revenue2.7B2.0B2.1B1.9B

Fuzhou Rockchip fundamental ratios Correlations

0.330.03-0.010.150.05-0.270.14-0.260.36-0.42-0.110.05-0.120.090.050.02-0.060.04-0.210.160.60.340.560.330.02
0.330.520.880.940.910.710.70.610.680.470.760.90.710.890.930.910.530.880.470.80.551.0-0.320.70.86
0.030.520.610.60.350.35-0.050.26-0.020.580.520.670.710.270.610.60.850.290.040.570.730.57-0.230.640.58
-0.010.880.610.970.880.870.590.790.580.570.820.990.920.890.990.990.680.880.620.830.350.87-0.360.520.82
0.150.940.60.970.870.790.60.720.690.540.80.980.880.880.990.980.660.870.630.840.460.94-0.310.560.84
0.050.910.350.880.870.90.860.810.680.550.850.840.640.970.90.890.340.980.550.70.260.89-0.430.510.84
-0.270.710.350.870.790.90.720.940.560.670.860.790.690.880.830.840.350.910.690.640.00.68-0.40.30.69
0.140.7-0.050.590.60.860.720.640.760.180.710.530.280.880.620.61-0.130.870.350.30.090.67-0.30.270.66
-0.260.610.260.790.720.810.940.640.590.640.690.720.640.780.760.780.310.870.780.57-0.050.57-0.370.180.64
0.360.68-0.020.580.690.680.560.760.590.110.560.580.380.760.630.620.00.750.610.380.220.66-0.040.130.58
-0.420.470.580.570.540.550.670.180.640.110.60.560.510.390.560.570.540.510.540.560.140.48-0.590.380.57
-0.110.760.520.820.80.850.860.710.690.560.60.790.640.840.80.80.350.810.40.570.290.76-0.360.390.76
0.050.90.670.990.980.840.790.530.720.580.560.790.940.850.990.990.750.830.580.840.460.9-0.360.570.85
-0.120.710.710.920.880.640.690.280.640.380.510.640.940.680.90.910.860.650.560.770.350.71-0.330.480.7
0.090.890.270.890.880.970.880.880.780.760.390.840.850.680.90.890.310.970.570.670.210.86-0.320.410.79
0.050.930.610.990.990.90.830.620.760.630.560.80.990.90.91.00.680.890.60.820.430.92-0.410.580.88
0.020.910.60.990.980.890.840.610.780.620.570.80.990.910.891.00.690.890.620.810.410.9-0.420.550.87
-0.060.530.850.680.660.340.35-0.130.310.00.540.350.750.860.310.680.690.310.320.730.50.56-0.30.60.53
0.040.880.290.880.870.980.910.870.870.750.510.810.830.650.970.890.890.310.630.640.20.85-0.40.450.82
-0.210.470.040.620.630.550.690.350.780.610.540.40.580.560.570.60.620.320.630.57-0.230.43-0.250.040.39
0.160.80.570.830.840.70.640.30.570.380.560.570.840.770.670.820.810.730.640.570.360.78-0.140.460.59
0.60.550.730.350.460.260.00.09-0.050.220.140.290.460.350.210.430.410.50.2-0.230.360.61-0.030.640.56
0.341.00.570.870.940.890.680.670.570.660.480.760.90.710.860.920.90.560.850.430.780.61-0.340.720.88
0.56-0.32-0.23-0.36-0.31-0.43-0.4-0.3-0.37-0.04-0.59-0.36-0.36-0.33-0.32-0.41-0.42-0.3-0.4-0.25-0.14-0.03-0.34-0.31-0.66
0.330.70.640.520.560.510.30.270.180.130.380.390.570.480.410.580.550.60.450.040.460.640.72-0.310.59
0.020.860.580.820.840.840.690.660.640.580.570.760.850.70.790.880.870.530.820.390.590.560.88-0.660.59
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Fuzhou Rockchip Account Relationship Matchups

Fuzhou Rockchip fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab79.4M133.4M128.7M89.9M28.5K27.0K
Total Current Liabilities315.0M391.6M484.8M411.5M420.6M344.0M
Other Liab33.0M66.0M24.1M29.0M33.3M34.5M
Net Tangible Assets1.6B2.1B2.7B2.8B3.2B1.8B
Retained Earnings636.2M811.8M1.2B1.1B983.9M705.4M
Accounts Payable150.2M188.0M268.5M267.3M309.4M209.7M
Other Assets78.0M72.5M125.9M177.9M204.6M106.8M
Net Receivables106.3M157.9M309.8M279.0M294.3M214.6M
Inventory325.5M241.9M474.3M1.5B1.3B628.8M
Other Current Assets22.6M19.8M136.7M144.9M35.8M55.4M
Other Stockholder Equity345.6K232.5K(15.8K)421.2K484.4K508.6K
Deferred Long Term Liab31.2M50.4M70.9M61.5M70.8M52.6M
Total Current Assets1.8B2.4B2.8B2.7B2.9B2.1B
Property Plant Equipment29.2M42.1M100.4M86.0M98.9M50.8M
Total Assets2.1B2.7B3.4B3.4B3.5B2.7B
Total Stockholder Equity1.7B2.3B2.9B2.9B3.1B2.3B
Cash1.4B1.5B669.2M710.9M1.0B998.7M
Non Current Assets Total252.2M306.3M546.6M646.7M654.1M412.1M
Non Currrent Assets Other29.7M2.6M22.3M40.0M25.3M23.4M
Non Current Liabilities Total33.0M66.0M43.3M38.4M25.9M40.4M
Total Liab348.1M457.6M528.1M449.9M446.5M397.4M
Intangible Assets139.0M149.7M119.4M100.9M127.8M120.8M
Net Invested Capital1.7B2.3B2.9B2.9B3.1B2.5B
Net Working Capital1.5B2.0B2.3B2.3B2.4B2.1B

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Other Information on Investing in Fuzhou Stock

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