Qingdao Accounts Payable vs Other Stockholder Equity Analysis

688139 Stock   31.40  3.80  10.80%   
Qingdao Haier financial indicator trend analysis is much more than just breaking down Qingdao Haier Biomedical prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Qingdao Haier Biomedical is a good investment. Please check the relationship between Qingdao Haier Accounts Payable and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Qingdao Haier Biomedical. 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 Other Stockholder Equity

Accounts Payable vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Qingdao Haier Biomedical Accounts Payable account and Other Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Qingdao Haier's Accounts Payable and Other Stockholder Equity is 0.75. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Qingdao Haier Biomedical, assuming nothing else is changed. The correlation between historical values of Qingdao Haier's Accounts Payable and Other 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 Qingdao Haier Biomedical are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Accounts Payable i.e., Qingdao Haier's Accounts Payable and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.75
Relationship DirectionPositive 
Relationship StrengthSignificant

Accounts Payable

An accounting item on the balance sheet that represents Qingdao Haier 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 Qingdao Haier Biomedical 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.

Other Stockholder Equity

Most indicators from Qingdao Haier's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qingdao Haier Biomedical 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 Qingdao Haier Biomedical. 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 45.9 M, whereas Selling General Administrative is forecasted to decline to about 263.1 M.
 2022 2023 2024 2025 (projected)
Gross Profit1.4B1.2B1.3B806.0M
Total Revenue2.9B2.3B2.6B1.6B

Qingdao Haier fundamental ratios Correlations

0.10.880.990.920.980.850.930.830.870.680.940.650.870.930.950.710.860.91-0.76-0.010.940.230.90.960.95
0.10.290.070.010.15-0.20.230.21-0.17-0.340.330.18-0.130.010.34-0.18-0.090.27-0.49-0.050.29-0.35-0.060.180.08
0.880.290.820.780.810.660.980.720.720.50.880.820.720.790.860.550.721.0-0.70.360.920.060.770.860.82
0.990.070.820.920.990.860.890.830.870.690.930.590.860.920.940.710.860.86-0.76-0.10.920.250.890.950.95
0.920.010.780.920.870.950.850.780.960.810.880.540.971.00.90.790.910.82-0.69-0.170.850.320.990.870.97
0.980.150.810.990.870.790.880.850.790.60.920.570.790.880.940.650.810.85-0.82-0.090.940.210.820.970.92
0.85-0.20.660.860.950.790.720.580.970.890.730.450.970.950.80.830.970.7-0.5-0.20.720.410.970.740.92
0.930.230.980.890.850.880.720.810.760.530.920.740.770.860.910.570.750.99-0.760.250.960.140.820.930.88
0.830.210.720.830.780.850.580.810.690.520.90.570.690.770.780.630.530.75-0.87-0.060.83-0.060.710.920.81
0.87-0.170.720.870.960.790.970.760.690.940.780.580.990.950.790.910.930.75-0.56-0.10.740.210.980.80.93
0.68-0.340.50.690.810.60.890.530.520.940.560.50.920.790.560.970.830.53-0.35-0.110.490.060.870.610.77
0.940.330.880.930.880.920.730.920.90.780.560.670.80.890.950.630.720.91-0.83-0.070.920.120.840.940.89
0.650.180.820.590.540.570.450.740.570.580.50.670.550.540.550.590.520.8-0.470.450.65-0.240.570.660.58
0.87-0.130.720.860.970.790.970.770.690.990.920.80.550.960.810.880.920.76-0.56-0.130.740.260.990.790.93
0.930.010.790.921.00.880.950.860.770.950.790.890.540.960.910.770.920.83-0.69-0.170.860.350.980.870.97
0.950.340.860.940.90.940.80.910.780.790.560.950.550.810.910.60.830.89-0.81-0.120.930.240.860.90.92
0.71-0.180.550.710.790.650.830.570.630.910.970.630.590.880.770.60.790.57-0.5-0.080.56-0.120.840.690.8
0.86-0.090.720.860.910.810.970.750.530.930.830.720.520.920.920.830.790.75-0.54-0.110.780.360.930.760.92
0.910.271.00.860.820.850.70.990.750.750.530.910.80.760.830.890.570.75-0.710.30.930.10.80.890.85
-0.76-0.49-0.7-0.76-0.69-0.82-0.5-0.76-0.87-0.56-0.35-0.83-0.47-0.56-0.69-0.81-0.5-0.54-0.710.11-0.880.1-0.6-0.88-0.8
-0.01-0.050.36-0.1-0.17-0.09-0.20.25-0.06-0.1-0.11-0.070.45-0.13-0.17-0.12-0.08-0.110.30.110.07-0.38-0.130.04-0.11
0.940.290.920.920.850.940.720.960.830.740.490.920.650.740.860.930.560.780.93-0.880.070.180.790.960.92
0.23-0.350.060.250.320.210.410.14-0.060.210.060.12-0.240.260.350.24-0.120.360.10.1-0.380.180.290.060.22
0.9-0.060.770.890.990.820.970.820.710.980.870.840.570.990.980.860.840.930.8-0.6-0.130.790.290.820.95
0.960.180.860.950.870.970.740.930.920.80.610.940.660.790.870.90.690.760.89-0.880.040.960.060.820.93
0.950.080.820.950.970.920.920.880.810.930.770.890.580.930.970.920.80.920.85-0.8-0.110.920.220.950.93
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Qingdao Haier Account Relationship Matchups

Qingdao Haier fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets3.9B4.9B5.5B5.5B6.4B3.7B
Other Current Liab386.9M514.2M14.4M8.7M7.8M7.5M
Total Current Liabilities1.0B1.1B1.2B941.7M1.1B929.4M
Total Stockholder Equity2.8B3.6B4.0B4.2B4.9B2.7B
Other Liab35.3M113.7M113.3M145.5M167.3M175.7M
Net Tangible Assets1.1B2.4B2.2B3.1B3.5B1.8B
Retained Earnings584.3M1.3B1.8B1.9B2.1B2.2B
Accounts Payable448.1M431.6M485.1M391.0M449.6M366.3M
Cash1.8B774.4M951.8M1.3B1.5B949.4M
Non Current Assets Total1.2B1.4B2.0B3.0B3.4B3.6B
Non Currrent Assets Other16.9M120.4M151.3M853.9M981.9M1.0B
Other Assets24.8M37.6M65.4M55.5M63.8M42.2M
Net Receivables135.0M112.3M155.8M187.7M215.8M167.2M
Good Will323.9M323.5M451.3M642.7M739.1M776.0M
Non Current Liabilities Total113.7M117.6M156.2M144.1M165.7M173.9M
Inventory247.9M345.7M270.5M248.0M285.2M187.3M
Other Current Assets25.4M38.2M8.2M132.8M152.7M160.3M
Other Stockholder Equity5.7M6.1M(1.0M)84.3M97.0M101.8M
Total Liab1.2B1.3B1.3B1.1B1.2B1.0B
Deferred Long Term Liab169.4K1.3M502.3K5.5M4.9M4.2M
Short Long Term Debt31.8M9.9M25.2M20.8M18.7M17.8M
Total Current Assets2.7B3.5B3.5B2.5B2.9B2.6B
Non Current Liabilities Other6.0M7.3M18.8M7.1M8.1M8.1M
Intangible Assets214.6M241.6M312.3M367.7M422.9M444.0M
Property Plant Equipment112.1M294.7M343.6M464.1M533.8M560.4M
Net Invested Capital2.8B3.6B4.0B4.3B4.9B3.1B
Net Working Capital1.7B2.3B2.3B1.6B1.8B1.8B
Property Plant And Equipment Net343.6M464.1M802.1M862.2M991.6M608.7M
Short Term Investments408.0M2.1B2.0B651.1M748.8M1.2B
Property Plant And Equipment Gross385.8M531.3M802.1M862.2M991.6M639.2M

Currently Active Assets on Macroaxis

Other Information on Investing in Qingdao Stock

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