| BEDU Stock | | | USD 1.85 0.02 1.09% |
Bright Scholar financial indicator trend analysis is way more than just evaluating Bright Scholar Education prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bright Scholar Education is a good investment. Please check the relationship between Bright Scholar Other Liab and its Accounts Payable accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bright Scholar Education. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
Other Liab vs Accounts Payable
Other Liab vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bright Scholar Education Other Liab account and
Accounts Payable. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Bright Scholar's Other Liab and Accounts Payable is -0.18. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Bright Scholar Education, assuming nothing else is changed. The correlation between historical values of Bright Scholar's Other Liab 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 Other Liab of Bright Scholar Education 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 Other Liab i.e., Bright Scholar's Other Liab and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.18 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Other Liab
Accounts Payable
An accounting item on the balance sheet that represents Bright Scholar 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 Bright Scholar Education 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 Bright Scholar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bright Scholar Education 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 Bright Scholar Education. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
Tax Provision is likely to gain to about 224.5
M in 2024, whereas
Discontinued Operations is likely to drop slightly above 252.1
M in 2024.
Bright Scholar fundamental ratios Correlations
Click cells to compare fundamentals
Bright Scholar Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bright Scholar fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Bright Stock Analysis
When running Bright Scholar's price analysis, check to
measure Bright Scholar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bright Scholar is operating at the current time. Most of Bright Scholar's value examination focuses on studying past and present price action to
predict the probability of Bright Scholar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bright Scholar's price. Additionally, you may evaluate how the addition of Bright Scholar to your portfolios can decrease your overall portfolio volatility.