China Accounts Payable vs Total Stockholder Equity Analysis

603993 Stock   6.85  0.16  2.28%   
China Molybdenum financial indicator trend analysis is way more than just evaluating China Molybdenum prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Molybdenum is a good investment. Please check the relationship between China Molybdenum 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 China Molybdenum 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 China Molybdenum Accounts Payable account and Total Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between China Molybdenum's Accounts Payable and Total Stockholder Equity is 0.65. 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 China Molybdenum Co, assuming nothing else is changed. The correlation between historical values of China Molybdenum'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 China Molybdenum 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., China Molybdenum's Accounts Payable and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.65
Relationship DirectionPositive 
Relationship StrengthSignificant

Accounts Payable

An accounting item on the balance sheet that represents China Molybdenum 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 China Molybdenum 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 China Molybdenum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Molybdenum 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 China Molybdenum 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.
At present, China Molybdenum's Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 1.2 B, whereas Selling General Administrative is forecasted to decline to about 493.2 M.
 2021 2022 2023 2024 (projected)
Income Before Tax8.8B9.8B13.2B13.9B
Cost Of Revenue157.5B156.9B168.4B176.9B

China Molybdenum fundamental ratios Correlations

0.940.950.970.950.940.750.920.99-0.010.760.940.491.00.410.920.980.740.670.030.690.740.820.920.880.43
0.940.940.920.970.990.680.850.93-0.270.810.970.430.940.110.780.940.50.810.10.810.710.850.910.910.65
0.950.940.890.90.920.820.820.93-0.290.870.980.650.970.330.830.90.570.69-0.150.730.780.930.950.970.47
0.970.920.890.930.940.650.950.950.060.760.90.390.940.310.920.950.680.770.10.680.670.760.890.840.41
0.950.970.90.930.970.690.90.95-0.110.70.920.340.950.190.810.970.590.760.150.790.680.780.890.830.61
0.940.990.920.940.970.670.880.92-0.20.80.940.360.930.080.790.930.490.840.130.810.710.820.890.880.64
0.750.680.820.650.690.670.680.71-0.250.580.790.780.790.510.660.660.540.42-0.310.710.680.810.850.720.31
0.920.850.820.950.90.880.680.90.140.590.810.360.90.380.90.90.710.710.090.650.560.650.850.690.35
0.990.930.930.950.950.920.710.90.020.730.920.440.990.420.910.990.760.620.060.660.760.80.890.860.43
-0.01-0.27-0.290.06-0.11-0.2-0.250.140.02-0.38-0.32-0.37-0.070.440.190.040.48-0.310.24-0.43-0.27-0.45-0.24-0.39-0.53
0.760.810.870.760.70.80.580.590.73-0.380.870.510.770.050.670.70.320.7-0.190.60.670.880.770.930.42
0.940.970.980.90.920.940.790.810.92-0.320.870.60.950.220.770.90.510.77-0.040.790.760.920.950.970.55
0.490.430.650.390.340.360.780.360.44-0.370.510.60.550.590.410.370.380.23-0.470.350.490.650.650.62-0.01
1.00.940.970.940.950.930.790.90.99-0.070.770.950.550.430.90.970.720.65-0.020.70.760.850.930.890.43
0.410.110.330.310.190.080.510.380.420.440.050.220.590.430.530.350.8-0.25-0.33-0.080.310.220.340.19-0.45
0.920.780.830.920.810.790.660.90.910.190.670.770.410.90.530.880.780.52-0.030.490.640.680.790.730.2
0.980.940.90.950.970.930.660.90.990.040.70.90.370.970.350.880.740.650.170.690.720.760.870.830.49
0.740.50.570.680.590.490.540.710.760.480.320.510.380.720.80.780.740.130.050.310.560.450.610.440.01
0.670.810.690.770.760.840.420.710.62-0.310.70.770.230.65-0.250.520.650.130.210.750.440.640.740.720.6
0.030.1-0.150.10.150.13-0.310.090.060.24-0.19-0.04-0.47-0.02-0.33-0.030.170.050.210.15-0.09-0.26-0.09-0.110.44
0.690.810.730.680.790.810.710.650.66-0.430.60.790.350.7-0.080.490.690.310.750.150.690.810.840.710.84
0.740.710.780.670.680.710.680.560.76-0.270.670.760.490.760.310.640.720.560.44-0.090.690.830.760.790.5
0.820.850.930.760.780.820.810.650.8-0.450.880.920.650.850.220.680.760.450.64-0.260.810.830.920.940.53
0.920.910.950.890.890.890.850.850.89-0.240.770.950.650.930.340.790.870.610.74-0.090.840.760.920.90.5
0.880.910.970.840.830.880.720.690.86-0.390.930.970.620.890.190.730.830.440.72-0.110.710.790.940.90.5
0.430.650.470.410.610.640.310.350.43-0.530.420.55-0.010.43-0.450.20.490.010.60.440.840.50.530.50.5
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China Molybdenum Account Relationship Matchups

China Molybdenum fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets116.9B122.4B137.4B165.0B173.0B181.6B
Other Current Liab7.6B11.6B12.8B18.1B20.8B21.8B
Total Current Liabilities34.6B42.4B50.7B50.1B49.0B51.4B
Total Stockholder Equity40.8B38.9B39.8B51.7B59.5B62.5B
Other Liab10.9B13.1B23.2B31.6B36.3B38.1B
Retained Earnings9.4B10.8B15.2B19.7B24.0B25.2B
Accounts Payable2.2B1.5B4.2B4.0B2.3B1.2B
Cash15.6B16.9B24.3B32.6B30.7B32.3B
Other Assets8.9B9.2B9.8B12.0B13.8B14.5B
Net Receivables3.2B702.2M745.9M800.3M1.1B2.1B
Short Term Investments7.7B7.4B7.1B4.2B8.3B8.7B
Inventory20.7B21.2B27.0B32.3B31.4B33.0B
Other Current Assets6.8B8.8B8.4B10.3B27.9M26.5M
Total Liab67.4B75.1B89.2B103.0B101.0B106.1B
Intangible Assets20.4B21.5B19.4B19.4B658.4M625.5M
Property Plant Equipment27.2B27.8B29.2B42.0B48.3B50.7B
Long Term Debt21.4B19.0B14.8B21.1B20.8B12.4B
Net Tangible Assets19.7B17.0B20.1B31.8B36.6B38.4B
Other Stockholder Equity(468.3M)(3.6B)(6.4B)1.3B1.2B1.2B
Deferred Long Term Liab137.0M127.5M178.8M217.7M250.3M157.6M
Short Long Term Debt18.6B20.5B26.9B20.1B29.7B15.7B
Total Current Assets54.2B57.2B71.0B85.7B83.6B56.9B
Non Current Assets Total62.7B65.2B66.5B79.3B89.3B75.9B
Non Currrent Assets Other8.1B36.1B11.1B10.7B7.9B13.4B
Good Will659.5M396.3M387.2M423.0M430.1M491.9M
Non Current Liabilities Total32.8B32.7B38.5B52.9B52.0B44.1B
Non Current Liabilities Other2.9B6.9B17.0B25.1B5.7M5.4M
Net Debt24.3B22.5B17.4B8.6B19.8B15.2B
Net Invested Capital80.8B78.3B81.5B92.9B110.0B90.4B
Net Working Capital19.6B14.9B20.3B35.6B34.7B27.3B

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Other Information on Investing in China Stock

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