Shandong Total Assets vs Accounts Payable Analysis

000498 Stock

6.24 0.07 1.11%

Shandong financial indicator trend analysis is much more than just breaking down Shandong Hi Speed prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shandong Hi Speed is a good investment. Please check the relationship between Shandong Total Assets and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shandong Hi Speed RoadBridge. 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.

Total Assets vs Accounts Payable

Total Assets vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shandong Hi Speed Total Assets account and Accounts Payable. At this time, the significance of the direction appears to have totally related.

The correlation between Shandong's Total Assets and Accounts Payable is 1.0. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Shandong Hi Speed RoadBridge, assuming nothing else is changed. The correlation between historical values of Shandong's Total Assets 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 Total Assets of Shandong Hi Speed RoadBridge 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 Total Assets i.e., Shandong's Total Assets and Accounts Payable go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

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Total Assets

Total assets refers to the total amount of Shandong assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Shandong Hi Speed books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Accounts Payable

An accounting item on the balance sheet that represents Shandong 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 Shandong Hi Speed 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 Shandong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Hi Speed 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 Shandong Hi Speed RoadBridge. 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 Selling General Administrative is expected to grow to about 1.5 B, whereas Tax Provision is forecasted to decline to about 467 M.

	2022	2023	2024	2025 (projected)
Operating Income	4.6B	5.4B	5.5B	5.8B
Total Revenue	65.0B	73.0B	71.3B	74.9B

Operating Income Total Revenue

Shandong fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Investments	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total	Non Currrent Assets Other
Total Assets		0.79	1.0	1.0	0.51	0.99	1.0	0.88	0.94	0.98	0.95	-0.19	0.99	1.0	0.89	0.73	0.96	-0.15	0.97	0.96	0.79	0.99	1.0	0.68	1.0	-0.1
Other Current Liab	0.79		0.8	0.79	0.81	0.83	0.76	0.93	0.88	0.73	0.79	0.12	0.78	0.78	0.54	0.73	0.87	-0.05	0.89	0.81	0.93	0.78	0.78	0.85	0.78	0.34
Total Current Liabilities	1.0	0.8		1.0	0.52	0.99	1.0	0.89	0.94	0.98	0.95	-0.19	0.99	1.0	0.88	0.74	0.96	-0.15	0.97	0.97	0.8	0.99	1.0	0.68	1.0	-0.1
Total Stockholder Equity	1.0	0.79	1.0		0.51	0.99	1.0	0.89	0.94	0.97	0.95	-0.17	0.98	1.0	0.88	0.75	0.96	-0.13	0.97	0.96	0.79	0.99	0.99	0.69	0.99	-0.1
Other Liab	0.51	0.81	0.52	0.51		0.57	0.48	0.77	0.6	0.49	0.53	0.14	0.49	0.51	0.29	0.55	0.62	0.0	0.61	0.45	0.79	0.54	0.5	0.75	0.52	0.59
Retained Earnings	0.99	0.83	0.99	0.99	0.57		0.99	0.91	0.96	0.97	0.97	-0.1	0.97	0.99	0.85	0.77	0.96	-0.1	0.98	0.96	0.83	0.99	0.99	0.74	0.99	-0.02
Accounts Payable	1.0	0.76	1.0	1.0	0.48	0.99		0.87	0.93	0.98	0.94	-0.22	0.99	1.0	0.89	0.71	0.96	-0.16	0.96	0.96	0.77	0.99	1.0	0.65	1.0	-0.14
Cash	0.88	0.93	0.89	0.89	0.77	0.91	0.87		0.93	0.81	0.82	-0.09	0.86	0.88	0.63	0.77	0.94	-0.03	0.94	0.88	0.93	0.89	0.87	0.85	0.87	0.12
Other Assets	0.94	0.88	0.94	0.94	0.6	0.96	0.93	0.93		0.89	0.9	-0.05	0.93	0.94	0.74	0.73	0.94	0.04	0.97	0.95	0.87	0.94	0.94	0.77	0.94	0.06
Long Term Debt	0.98	0.73	0.98	0.97	0.49	0.97	0.98	0.81	0.89		0.96	-0.15	0.97	0.98	0.94	0.7	0.9	-0.14	0.92	0.9	0.72	0.97	0.98	0.63	0.98	-0.06
Net Receivables	0.95	0.79	0.95	0.95	0.53	0.97	0.94	0.82	0.9	0.96		0.08	0.91	0.95	0.87	0.77	0.87	-0.09	0.91	0.88	0.75	0.95	0.94	0.72	0.94	0.08
Inventory	-0.19	0.12	-0.19	-0.17	0.14	-0.1	-0.22	-0.09	-0.05	-0.15	0.08		-0.25	-0.2	-0.19	0.11	-0.26	0.41	-0.15	-0.22	0.01	-0.17	-0.21	0.28	-0.2	0.75
Other Current Assets	0.99	0.78	0.99	0.98	0.49	0.97	0.99	0.86	0.93	0.97	0.91	-0.25		0.99	0.9	0.68	0.95	-0.16	0.96	0.96	0.77	0.97	0.99	0.62	0.99	-0.15
Total Liab	1.0	0.78	1.0	1.0	0.51	0.99	1.0	0.88	0.94	0.98	0.95	-0.2	0.99		0.89	0.73	0.96	-0.15	0.97	0.96	0.78	0.99	1.0	0.67	1.0	-0.11
Intangible Assets	0.89	0.54	0.88	0.88	0.29	0.85	0.89	0.63	0.74	0.94	0.87	-0.19	0.9	0.89		0.56	0.75	-0.14	0.77	0.78	0.52	0.88	0.89	0.44	0.89	-0.17
Common Stock	0.73	0.73	0.74	0.75	0.55	0.77	0.71	0.77	0.73	0.7	0.77	0.11	0.68	0.73	0.56		0.72	-0.03	0.72	0.68	0.65	0.72	0.7	0.65	0.7	0.09
Property Plant Equipment	0.96	0.87	0.96	0.96	0.62	0.96	0.96	0.94	0.94	0.9	0.87	-0.26	0.95	0.96	0.75	0.72		-0.21	0.99	0.97	0.87	0.95	0.96	0.72	0.96	-0.07
Short Term Investments	-0.15	-0.05	-0.15	-0.13	0.0	-0.1	-0.16	-0.03	0.04	-0.14	-0.09	0.41	-0.16	-0.15	-0.14	-0.03	-0.21		-0.12	-0.13	-0.01	-0.14	-0.16	0.07	-0.15	0.39
Net Tangible Assets	0.97	0.89	0.97	0.97	0.61	0.98	0.96	0.94	0.97	0.92	0.91	-0.15	0.96	0.97	0.77	0.72	0.99	-0.12		0.98	0.88	0.96	0.97	0.75	0.97	0.0
Other Stockholder Equity	0.96	0.81	0.97	0.96	0.45	0.96	0.96	0.88	0.95	0.9	0.88	-0.22	0.96	0.96	0.78	0.68	0.97	-0.13	0.98		0.81	0.95	0.96	0.66	0.96	-0.16
Deferred Long Term Liab	0.79	0.93	0.8	0.79	0.79	0.83	0.77	0.93	0.87	0.72	0.75	0.01	0.77	0.78	0.52	0.65	0.87	-0.01	0.88	0.81		0.79	0.78	0.84	0.79	0.26
Short Long Term Debt	0.99	0.78	0.99	0.99	0.54	0.99	0.99	0.89	0.94	0.97	0.95	-0.17	0.97	0.99	0.88	0.72	0.95	-0.14	0.96	0.95	0.79		0.99	0.72	0.99	-0.09
Total Current Assets	1.0	0.78	1.0	0.99	0.5	0.99	1.0	0.87	0.94	0.98	0.94	-0.21	0.99	1.0	0.89	0.7	0.96	-0.16	0.97	0.96	0.78	0.99		0.66	1.0	-0.12
Short Term Debt	0.68	0.85	0.68	0.69	0.75	0.74	0.65	0.85	0.77	0.63	0.72	0.28	0.62	0.67	0.44	0.65	0.72	0.07	0.75	0.66	0.84	0.72	0.66		0.66	0.35
Non Current Assets Total	1.0	0.78	1.0	0.99	0.52	0.99	1.0	0.87	0.94	0.98	0.94	-0.2	0.99	1.0	0.89	0.7	0.96	-0.15	0.97	0.96	0.79	0.99	1.0	0.66		-0.09
Non Currrent Assets Other	-0.1	0.34	-0.1	-0.1	0.59	-0.02	-0.14	0.12	0.06	-0.06	0.08	0.75	-0.15	-0.11	-0.17	0.09	-0.07	0.39	0.0	-0.16	0.26	-0.09	-0.12	0.35	-0.09

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Shandong Account Relationship Matchups

Shandong fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	55.1B	83.4B	110.2B	139.5B	163.4B	171.5B
Other Current Liab	7.7B	10.0B	6.3B	7.9B	7.8B	8.2B
Total Current Liabilities	35.1B	55.5B	72.9B	88.7B	103.2B	108.3B
Total Stockholder Equity	8.6B	13.5B	17.0B	22.7B	24.3B	25.5B
Other Liab	242.3M	470.6M	728.5M	297.2M	341.8M	358.9M
Retained Earnings	5.0B	7.0B	8.6B	10.3B	11.8B	12.3B
Accounts Payable	22.4B	37.3B	51.0B	62.1B	74.4B	78.1B
Cash	7.4B	7.3B	7.0B	8.2B	7.1B	7.5B
Other Assets	4.1B	3.2B	3.8B	6.7B	7.7B	8.1B
Long Term Debt	6.3B	7.1B	11.1B	17.1B	23.9B	25.1B
Net Receivables	6.2B	8.6B	10.8B	14.1B	17.9B	18.8B
Inventory	1.7B	2.5B	2.9B	3.0B	2.8B	2.8B
Other Current Assets	4.0B	7.4B	7.3B	11.4B	12.8B	13.4B
Total Liab	42.2B	63.4B	85.0B	106.9B	128.0B	134.4B
Intangible Assets	187.9M	364.7M	437.4M	6.2B	7.3B	7.7B
Property Plant Equipment	730.7M	2.1B	4.5B	6.4B	7.3B	7.7B
Short Term Investments	2.4B	8.3M	23.3M	9.8M	11.3M	10.7M
Net Tangible Assets	5.3B	7.2B	8.4B	12.9B	14.9B	15.6B
Other Stockholder Equity	105.2M	210.9M	272.2M	3.1B	3.6B	3.8B
Deferred Long Term Liab	93.6M	125.6M	149.3M	151.6M	174.4M	105.1M
Short Long Term Debt	3.6B	4.5B	6.4B	7.9B	8.9B	9.3B
Total Current Assets	40.2B	61.7B	78.9B	100.8B	117.1B	123.0B
Non Current Assets Total	14.9B	21.7B	31.3B	38.7B	46.3B	48.6B
Non Currrent Assets Other	2.5B	1.1B	1.1B	1.1B	1.1B	1.5B
Non Current Liabilities Total	7.1B	7.8B	12.1B	18.1B	24.8B	26.1B
Non Current Liabilities Other	305.6M	42.2M	37.6M	18.0M	10.8M	10.2M
Net Debt	2.6B	4.3B	10.5B	16.8B	25.6B	26.9B
Common Stock Shares Outstanding	1.6B	1.6B	1.6B	1.6B	1.6B	1.5B
Net Invested Capital	18.6B	25.1B	34.5B	47.7B	57.0B	29.2B
Net Working Capital	5.1B	6.1B	6.0B	12.1B	13.9B	7.3B
Capital Stock	2.1B	2.1B	2.2B	2.2B	2.2B	2.2B
Property Plant And Equipment Net	4.5B	6.4B	8.8B	4.9B	4.6B	5.5B
Property Plant And Equipment Gross	5.9B	8.5B	11.2B	7.8B	4.6B	7.3B

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Other Information on Investing in Shandong Stock

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

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Shandong Total Assets vs Accounts Payable Analysis

Total Assets vs Accounts Payable

Total Assets vs Accounts Payable Correlation Analysis

Correlation Coefficient

Total Assets

Accounts Payable

Shandong fundamental ratios Correlations

Shandong Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shandong fundamental ratios Accounts

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Other Information on Investing in Shandong Stock

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Total Current Liabilities	+ 1.0	Total Assets
Total Stockholder Equity	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets

Property Plant Equipment	- 0.26	Inventory
Other Current Assets	- 0.25	Inventory
Other Stockholder Equity	- 0.22	Inventory
Inventory	- 0.22	Accounts Payable
Short Term Investments	- 0.21	Property Plant Equipment
Total Current Assets	- 0.21	Inventory