BEST Other Current Liab vs Accounts Payable Analysis

BEST Stock

USD 1.99 0.01 0.51%

BEST financial indicator trend analysis is way more than just evaluating BEST Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BEST Inc is a good investment. Please check the relationship between BEST Other Current Liab and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BEST Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

Other Current Liab vs Accounts Payable

Other Current Liab vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BEST Inc Other Current Liab account and Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.

The correlation between BEST's Other Current Liab and Accounts Payable is 0.94. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of BEST Inc, assuming nothing else is changed. The correlation between historical values of BEST's Other Current 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 Current Liab of BEST Inc 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 Current Liab i.e., BEST's Other Current Liab and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Other Current Liab

Accounts Payable

An accounting item on the balance sheet that represents BEST 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 BEST Inc 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 BEST's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BEST Inc 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 BEST Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

Selling General Administrative is likely to gain to about 876.1 M in 2024, despite the fact that Discontinued Operations is likely to grow to (42 M).

	2021	2022	2023	2024 (projected)
Interest Expense	142.8M	89.1M	64.3M	78.3M
Depreciation And Amortization	300.6M	112.0M	189.2M	256.6M

Interest Expense Depreciation And Amortization

BEST fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Long Term Debt Total	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity
Common Stock Shares Outstanding		0.09	0.09	0.07	0.1	0.06	0.04	0.07	0.03	0.08	-0.03	-0.06	0.06	0.31	0.01	-0.23	0.06	0.13	0.16	-0.04	0.09	0.11	-0.04	-0.02	0.05	0.05
Total Assets	0.09		0.89	0.95	0.98	0.78	0.9	0.44	0.92	0.8	0.78	-0.71	0.93	0.52	0.96	0.49	0.81	0.64	0.95	0.33	0.78	0.63	-0.42	0.44	0.92	0.81
Short Long Term Debt Total	0.09	0.89		0.75	0.88	0.68	0.73	0.43	0.96	0.58	0.94	-0.69	0.77	0.42	0.96	0.7	0.81	0.4	0.81	0.01	0.73	0.83	-0.35	0.05	0.8	0.74
Other Current Liab	0.07	0.95	0.75		0.95	0.76	0.89	0.42	0.79	0.82	0.62	-0.65	0.94	0.5	0.86	0.39	0.74	0.64	0.92	0.41	0.72	0.44	-0.44	0.52	0.9	0.76
Total Current Liabilities	0.1	0.98	0.88	0.95		0.76	0.93	0.45	0.93	0.85	0.8	-0.66	0.98	0.41	0.96	0.45	0.8	0.52	0.94	0.36	0.74	0.59	-0.42	0.41	0.94	0.77
Total Stockholder Equity	0.06	0.78	0.68	0.76	0.76		0.73	0.81	0.62	0.49	0.64	-0.73	0.68	0.27	0.73	0.51	0.86	0.53	0.85	0.19	0.94	0.61	-0.87	0.39	0.66	0.95
Other Liab	0.04	0.9	0.73	0.89	0.93	0.73		0.51	0.83	0.93	0.69	-0.44	0.94	0.35	0.86	0.23	0.65	0.57	0.88	0.64	0.65	0.33	-0.39	0.64	0.97	0.67
Net Tangible Assets	0.07	0.44	0.43	0.42	0.45	0.81	0.51		0.38	0.3	0.53	-0.29	0.4	-0.16	0.45	0.23	0.52	0.11	0.55	0.2	0.62	0.35	-0.88	0.21	0.4	0.63
Property Plant And Equipment Net	0.03	0.92	0.96	0.79	0.93	0.62	0.83	0.38		0.76	0.93	-0.58	0.88	0.34	0.99	0.54	0.73	0.36	0.83	0.22	0.63	0.69	-0.26	0.2	0.89	0.65
Current Deferred Revenue	0.08	0.8	0.58	0.82	0.85	0.49	0.93	0.3	0.76		0.55	-0.25	0.92	0.26	0.76	-0.03	0.45	0.42	0.79	0.74	0.4	0.15	-0.15	0.67	0.9	0.42
Net Debt	-0.03	0.78	0.94	0.62	0.8	0.64	0.69	0.53	0.93	0.55		-0.57	0.72	0.11	0.91	0.67	0.75	0.14	0.7	0.0	0.66	0.79	-0.39	-0.05	0.75	0.66
Retained Earnings	-0.06	-0.71	-0.69	-0.65	-0.66	-0.73	-0.44	-0.29	-0.58	-0.25	-0.57		-0.57	-0.39	-0.67	-0.77	-0.92	-0.44	-0.7	0.28	-0.89	-0.85	0.58	-0.02	-0.45	-0.9
Accounts Payable	0.06	0.93	0.77	0.94	0.98	0.68	0.94	0.4	0.88	0.92	0.72	-0.57		0.31	0.9	0.31	0.71	0.46	0.9	0.48	0.65	0.45	-0.36	0.49	0.94	0.68
Cash	0.31	0.52	0.42	0.5	0.41	0.27	0.35	-0.16	0.34	0.26	0.11	-0.39	0.31		0.38	0.26	0.35	0.88	0.47	0.14	0.36	0.22	0.11	0.38	0.45	0.37
Non Current Assets Total	0.01	0.96	0.96	0.86	0.96	0.73	0.86	0.45	0.99	0.76	0.91	-0.67	0.9	0.38		0.58	0.81	0.45	0.9	0.22	0.74	0.72	-0.38	0.26	0.9	0.76
Non Currrent Assets Other	-0.23	0.49	0.7	0.39	0.45	0.51	0.23	0.23	0.54	-0.03	0.67	-0.77	0.31	0.26	0.58		0.76	0.21	0.39	-0.54	0.68	0.84	-0.38	-0.37	0.34	0.68
Other Assets	0.06	0.81	0.81	0.74	0.8	0.86	0.65	0.52	0.73	0.45	0.75	-0.92	0.71	0.35	0.81	0.76		0.44	0.83	-0.08	0.97	0.82	-0.67	0.13	0.67	0.96
Cash And Short Term Investments	0.13	0.64	0.4	0.64	0.52	0.53	0.57	0.11	0.36	0.42	0.14	-0.44	0.46	0.88	0.45	0.21	0.44		0.6	0.41	0.54	0.16	-0.17	0.68	0.57	0.56
Net Receivables	0.16	0.95	0.81	0.92	0.94	0.85	0.88	0.55	0.83	0.79	0.7	-0.7	0.9	0.47	0.9	0.39	0.83	0.6		0.38	0.82	0.58	-0.55	0.51	0.86	0.84
Good Will	-0.04	0.33	0.01	0.41	0.36	0.19	0.64	0.2	0.22	0.74	0.0	0.28	0.48	0.14	0.22	-0.54	-0.08	0.41	0.38		0.0	-0.46	0.02	0.9	0.53	0.01
Common Stock Total Equity	0.09	0.78	0.73	0.72	0.74	0.94	0.65	0.62	0.63	0.4	0.66	-0.89	0.65	0.36	0.74	0.68	0.97	0.54	0.82	0.0		0.75	-0.78	0.25	0.62	0.99
Long Term Debt Total	0.11	0.63	0.83	0.44	0.59	0.61	0.33	0.35	0.69	0.15	0.79	-0.85	0.45	0.22	0.72	0.84	0.82	0.16	0.58	-0.46	0.75		-0.47	-0.31	0.39	0.74
Non Current Liabilities Total	-0.04	-0.42	-0.35	-0.44	-0.42	-0.87	-0.39	-0.88	-0.26	-0.15	-0.39	0.58	-0.36	0.11	-0.38	-0.38	-0.67	-0.17	-0.55	0.02	-0.78	-0.47		-0.16	-0.27	-0.79
Inventory	-0.02	0.44	0.05	0.52	0.41	0.39	0.64	0.21	0.2	0.67	-0.05	-0.02	0.49	0.38	0.26	-0.37	0.13	0.68	0.51	0.9	0.25	-0.31	-0.16		0.52	0.27
Other Current Assets	0.05	0.92	0.8	0.9	0.94	0.66	0.97	0.4	0.89	0.9	0.75	-0.45	0.94	0.45	0.9	0.34	0.67	0.57	0.86	0.53	0.62	0.39	-0.27	0.52		0.63
Other Stockholder Equity	0.05	0.81	0.74	0.76	0.77	0.95	0.67	0.63	0.65	0.42	0.66	-0.9	0.68	0.37	0.76	0.68	0.96	0.56	0.84	0.01	0.99	0.74	-0.79	0.27	0.63

Click cells to compare fundamentals

BEST Account Relationship Matchups

BEST fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	19.5M	19.4M	26.5M	4.9M	26.2M	21.0M
Total Assets	19.5B	19.8B	11.3B	7.8B	6.3B	11.8B
Short Long Term Debt Total	8.5B	9.6B	5.9B	4.1B	3.3B	4.3B
Other Current Liab	2.0B	2.7B	1.6B	1.2B	914.5M	1.8B
Total Current Liabilities	10.6B	12.6B	5.8B	4.8B	4.9B	7.3B
Total Stockholder Equity	3.9B	1.8B	2.1B	697.0M	(98.2M)	(103.1M)
Other Liab	163.0M	175.6M	24.3M	18.8M	21.6M	20.5M
Net Tangible Assets	3.3B	1.4B	2.0B	567.3M	652.4M	685.0M
Property Plant And Equipment Net	7.3B	7.9B	2.7B	2.5B	1.9B	3.3B
Current Deferred Revenue	1.5B	1.5B	298.4M	277.7M	469.1M	655.7M
Net Debt	6.5B	8.2B	2.3B	3.5B	2.9B	2.6B
Retained Earnings	(15.6B)	(17.7B)	(17.5B)	(18.9B)	(19.7B)	(20.7B)
Accounts Payable	3.4B	4.1B	1.3B	1.4B	1.6B	2.4B
Cash	2.0B	1.4B	3.6B	533.5M	426.0M	404.7M
Non Current Assets Total	9.8B	10.5B	4.5B	4.5B	3.2B	5.2B
Non Currrent Assets Other	437.8M	1.3B	1.2B	1.7B	859.3M	740.9M
Other Assets	1.6B	2.0B	1.5B	1.7B	2.0B	1.4B
Long Term Debt	1.4B	2.3B	1.8B	929.3M	584.7M	856.1M
Cash And Short Term Investments	3.1B	1.7B	3.7B	1.3B	461.9M	438.8M
Net Receivables	2.1B	1.7B	1.2B	810.8M	938.1M	1.3B
Good Will	469.1M	491.0M	295.8M	54.1M	48.7M	46.3M
Short Term Investments	1.1B	268.6M	147.4M	725.0M	35.9M	34.1M
Liabilities And Stockholders Equity	19.5B	19.8B	11.3B	7.8B	6.3B	11.8B
Non Current Liabilities Total	5.0B	5.5B	3.3B	2.2B	1.5B	1.4B
Capital Lease Obligations	4.5B	4.1B	2.0B	1.8B	1.4B	1.7B
Inventory	140.0M	44.1M	25.6M	16.5M	7.8M	7.4M
Other Current Assets	2.6B	3.3B	1.2B	795.4M	674.1M	640.4M
Other Stockholder Equity	19.4B	19.3B	19.4B	19.5B	19.5B	16.6B
Total Liab	15.6B	18.1B	9.1B	7.0B	6.3B	9.0B
Long Term Investments	230.9M	221.4M	219.2M	156.9M	180.4M	154.3M
Property Plant And Equipment Gross	7.3B	7.9B	2.7B	2.5B	2.9B	3.5B
Short Long Term Debt	2.6B	3.2B	2.1B	1.3B	1.3B	1.7B
Total Current Assets	9.7B	9.3B	6.8B	3.3B	3.1B	2.9B
Accumulated Other Comprehensive Income	163.2M	159.7M	107.5M	124.5M	119.2M	119.0M
Non Current Liabilities Other	137.2M	175.6M	24.3M	18.8M	22.8M	21.7M
Short Term Debt	3.7B	4.2B	2.6B	1.9B	1.8B	2.2B
Intangible Assets	121.6M	12.2M	55.7M	75.6M	93.2M	83.0M

Pair Trading with BEST

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if BEST position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in BEST will appreciate offsetting losses from the drop in the long position's value.

Moving against BEST Stock

0.51	VLRS	Volaris	Pair Corr
0.48	UAL	United Airlines Holdings Earnings Call This Week	Pair Corr
0.48	ULH	Universal Logistics	Pair Corr
0.46	DAL	Delta Air Lines Financial Report 11th of July 2024	Pair Corr

The ability to find closely correlated positions to BEST could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BEST when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BEST - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BEST Inc to buy it.

The correlation of BEST is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BEST moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BEST Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for BEST can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether BEST Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if BEST Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Best Inc Stock. Highlighted below are key reports to facilitate an investment decision about Best Inc Stock:

How To Invest In BEST

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Is BEST Stock a good investment?

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What is BEST's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BEST Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for BEST Stock analysis

When running BEST's price analysis, check to measure BEST'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 BEST is operating at the current time. Most of BEST's value examination focuses on studying past and present price action to predict the probability of BEST's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BEST's price. Additionally, you may evaluate how the addition of BEST to your portfolios can decrease your overall portfolio volatility.

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Is BEST's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BEST. If investors know BEST will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BEST listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(6.03)

Revenue Per Share

436.036

Quarterly Revenue Growth

0.129

Return On Assets

(0.08)

Return On Equity

(2.48)

The market value of BEST Inc is measured differently than its book value, which is the value of BEST that is recorded on the company's balance sheet. Investors also form their own opinion of BEST's value that differs from its market value or its book value, called intrinsic value, which is BEST's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BEST's market value can be influenced by many factors that don't directly affect BEST's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between BEST's value and its price as these two are different measures arrived at by different means. Investors typically determine if BEST is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BEST's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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BEST Other Current Liab vs Accounts Payable Analysis

Other Current Liab vs Accounts Payable

Other Current Liab vs Accounts Payable Correlation Analysis

Correlation Coefficient

Other Current Liab

Accounts Payable

BEST fundamental ratios Correlations

BEST Account Relationship Matchups

High Positive Relationship

High Negative Relationship

BEST fundamental ratios Accounts

Pair Trading with BEST

Moving against BEST Stock

Complementary Tools for BEST Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Other Stockholder Equity	+ 0.99	Common Stock Total Equity
Total Current Liabilities	+ 0.98	Total Assets
Accounts Payable	+ 0.98	Total Current Liabilities
Other Current Assets	+ 0.97	Other Liab
Common Stock Total Equity	+ 0.97	Other Assets

Other Assets	- 0.92	Retained Earnings
Other Stockholder Equity	- 0.9	Retained Earnings
Common Stock Total Equity	- 0.89	Retained Earnings
Non Current Liabilities Total	- 0.88	Net Tangible Assets
Non Current Liabilities Total	- 0.87	Total Stockholder Equity
Long Term Debt Total	- 0.85	Retained Earnings