Shanghai Non Current Liabilities Total vs Accounts Payable Analysis
| 688385 Stock | 41.94 1.44 3.56% |
Shanghai Fudan financial indicator trend analysis is much more than just breaking down Shanghai Fudan Micro prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Fudan Micro is a good investment. Please check the relationship between Shanghai Fudan 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 Shanghai Fudan Microelectronics. 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 Shanghai Fudan Micro Non Current Liabilities Total account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Shanghai Fudan's Non Current Liabilities Total and Accounts Payable is 0.72. 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 Shanghai Fudan Microelectronics, assuming nothing else is changed. The correlation between historical values of Shanghai Fudan'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 Shanghai Fudan Microelectronics 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., Shanghai Fudan's Non Current Liabilities Total and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.72 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Non Current Liabilities Total
Accounts Payable
An accounting item on the balance sheet that represents Shanghai Fudan 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 Shanghai Fudan Micro 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 Shanghai Fudan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Fudan Micro 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 Shanghai Fudan Microelectronics. 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 5.4 M, whereas Selling General Administrative is forecasted to decline to about 103.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 4.5M | 4.4M | 28.0M | 29.4M | Interest Income | 8.4M | 14.8M | 15.5M | 11.7M |
Shanghai Fudan fundamental ratios Correlations
Click cells to compare fundamentals
Shanghai Fudan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Balance Sheet is a snapshot of the financial position of Shanghai Fudan Micro at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Fudan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Fudan 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 Shanghai currently owns. An asset can also be divided into two categories, current and non-current.