Niutech Net Receivables vs Accounts Payable Analysis

688309 Stock   14.20  0.38  2.61%   
Niutech Environment financial indicator trend analysis is infinitely more than just investigating Niutech Environment recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Niutech Environment is a good investment. Please check the relationship between Niutech Environment Net Receivables and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Niutech Environment Technology. 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.

Net Receivables vs Accounts Payable

Net Receivables vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Niutech Environment Net Receivables account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Niutech Environment's Net Receivables and Accounts Payable is 0.62. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Niutech Environment Technology, assuming nothing else is changed. The correlation between historical values of Niutech Environment's Net Receivables 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 Net Receivables of Niutech Environment Technology 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 Net Receivables i.e., Niutech Environment's Net Receivables and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.62
Relationship DirectionPositive 
Relationship StrengthSignificant

Net Receivables

Accounts Payable

An accounting item on the balance sheet that represents Niutech Environment 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 Niutech Environment 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 Niutech Environment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Niutech Environment 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 Niutech Environment Technology. 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 December 5, 2024, Tax Provision is expected to decline to about 1.8 M. In addition to that, Selling General Administrative is expected to decline to about 13.7 M
 2021 2022 2023 2024 (projected)
Gross Profit39.8M70.2M89.6M85.0M
Total Revenue84.6M165.3M163.9M177.2M

Niutech Environment fundamental ratios Correlations

-0.210.611.00.990.960.880.860.93-0.78-0.23-0.420.850.98-0.80.140.590.590.990.980.950.90.970.870.880.86
-0.210.49-0.29-0.31-0.01-0.24-0.23-0.18-0.36-0.830.08-0.09-0.01-0.410.460.560.49-0.3-0.22-0.330.11-0.01-0.15-0.15-0.14
0.610.490.530.520.730.710.410.7-0.92-0.78-0.410.420.74-0.880.60.861.00.520.530.390.770.740.710.640.54
1.0-0.290.531.00.940.860.870.9-0.72-0.15-0.40.860.95-0.750.080.520.511.00.990.970.870.950.840.860.85
0.99-0.310.521.00.920.870.860.91-0.7-0.11-0.380.830.95-0.720.060.510.491.00.970.960.850.950.830.850.84
0.96-0.010.730.940.920.860.770.87-0.88-0.47-0.390.890.98-0.890.380.640.710.930.950.90.990.980.830.940.93
0.88-0.240.710.860.870.860.610.93-0.73-0.22-0.490.620.88-0.670.330.490.70.860.810.750.820.880.870.890.78
0.86-0.230.410.870.860.770.610.82-0.67-0.09-0.290.670.81-0.68-0.10.580.390.870.840.840.70.810.760.590.63
0.93-0.180.70.90.910.870.930.82-0.81-0.21-0.50.60.92-0.750.20.640.690.90.840.780.820.920.930.80.73
-0.78-0.36-0.92-0.72-0.7-0.88-0.73-0.67-0.810.720.47-0.64-0.880.96-0.55-0.85-0.91-0.71-0.72-0.61-0.91-0.87-0.82-0.77-0.72
-0.23-0.83-0.78-0.15-0.11-0.47-0.22-0.09-0.210.720.06-0.35-0.410.72-0.76-0.68-0.78-0.14-0.22-0.09-0.58-0.41-0.23-0.37-0.38
-0.420.08-0.41-0.4-0.38-0.39-0.49-0.29-0.50.470.06-0.24-0.460.42-0.08-0.34-0.42-0.4-0.36-0.31-0.37-0.41-0.75-0.47-0.29
0.85-0.090.420.860.830.890.620.670.6-0.64-0.35-0.240.84-0.740.220.40.390.860.920.920.880.840.590.840.9
0.98-0.010.740.950.950.980.880.810.92-0.88-0.41-0.460.84-0.90.280.70.720.950.950.890.951.00.870.90.87
-0.8-0.41-0.88-0.75-0.72-0.89-0.67-0.68-0.750.960.720.42-0.74-0.9-0.42-0.89-0.86-0.74-0.78-0.68-0.91-0.89-0.76-0.74-0.71
0.140.460.60.080.060.380.33-0.10.2-0.55-0.76-0.080.220.28-0.420.220.60.080.10.00.510.290.190.50.5
0.590.560.860.520.510.640.490.580.64-0.85-0.68-0.340.40.7-0.890.220.850.520.530.410.650.70.640.40.35
0.590.491.00.510.490.710.70.390.69-0.91-0.78-0.420.390.72-0.860.60.850.50.510.360.750.710.70.620.52
0.99-0.30.521.01.00.930.860.870.9-0.71-0.14-0.40.860.95-0.740.080.520.50.990.970.870.950.840.870.85
0.98-0.220.530.990.970.950.810.840.84-0.72-0.22-0.360.920.95-0.780.10.530.510.990.990.90.950.790.870.87
0.95-0.330.390.970.960.90.750.840.78-0.61-0.09-0.310.920.89-0.680.00.410.360.970.990.830.890.730.830.85
0.90.110.770.870.850.990.820.70.82-0.91-0.58-0.370.880.95-0.910.510.650.750.870.90.830.950.790.940.93
0.97-0.010.740.950.950.980.880.810.92-0.87-0.41-0.410.841.0-0.890.290.70.710.950.950.890.950.850.890.87
0.87-0.150.710.840.830.830.870.760.93-0.82-0.23-0.750.590.87-0.760.190.640.70.840.790.730.790.850.790.67
0.88-0.150.640.860.850.940.890.590.8-0.77-0.37-0.470.840.9-0.740.50.40.620.870.870.830.940.890.790.97
0.86-0.140.540.850.840.930.780.630.73-0.72-0.38-0.290.90.87-0.710.50.350.520.850.870.850.930.870.670.97
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Niutech Environment Account Relationship Matchups

Niutech Environment fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets349.7M783.0M757.6M829.3M852.1M630.9M
Other Current Liab61.5M11.7M22.4M9.6M17.8M29.4M
Total Current Liabilities116.5M64.8M49.5M112.0M121.1M99.2M
Total Stockholder Equity226.7M711.6M702.4M711.7M725.5M524.7M
Net Tangible Assets198.3M683.8M675.3M669.9M770.3M453.2M
Retained Earnings145.6M189.4M175.0M189.6M177.2M153.9M
Accounts Payable40.4M47.8M24.6M60.5M79.3M42.9M
Cash21.8M94.6M214.4M202.4M133.6M123.5M
Non Current Assets Total130.2M154.1M215.5M302.0M368.1M209.3M
Non Currrent Assets Other600.8K7.2M2.6M141.2K127.1K120.7K
Other Assets6.8M17.1M16.9M15.9M18.3M15.2M
Net Receivables72.1M138.5M114.6M76.8M60.5M84.9M
Non Current Liabilities Total6.4M6.5M5.6M5.6M5.6M5.1M
Inventory122.0M14.1M22.3M22.2M35.8M30.4M
Other Current Assets3.5M3.4M5.2M8.5M8.1M6.9M
Total Liab123.0M71.3M55.1M117.6M126.7M106.2M
Net Invested Capital236.7M711.6M702.4M711.7M725.5M528.0M
Total Current Assets219.5M628.9M542.1M527.3M484.0M421.5M
Net Working Capital103.0M564.0M492.6M415.3M362.9M322.4M
Intangible Assets28.4M27.8M27.2M26.6M26.0M24.0M
Property Plant Equipment84.9M104.4M132.6M222.4M255.7M268.5M
Other Liab6.4M6.5M5.6M5.6M6.4M6.1M

Currently Active Assets on Macroaxis

Other Information on Investing in Niutech Stock

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