Shengkai Innovations Accounts Payable

Shengkai Innovations posts a accounts payable of $1M as of March 2013. That compares with $1.2M in the prior-year period — down 13.4% year over year. Comparing that reading with peers and prior periods is usually more useful than looking at the number in isolation.

In the prior comparable period, Shengkai Innovations's accounts payable was $1.2M. The latest reading is $1M — a 13.4% year-over-year decrease (period ending March 2013). Use the history and growth charts on this page for a longer lookback.

Accounts Payable is one piece of Shengkai Innovations's financial statement story. At $1M, it should be interpreted next to related metrics — for example revenue with costs, assets with liabilities, or income with margins. Stockcircle links those related pages so you can move from this number to the surrounding context quickly.

Context for VALV's accounts payable usually means three checks: (1) trend versus prior periods, (2) level versus peers, and (3) consistency with growth and profitability. This page covers the first two; Shengkai Innovations's other metric pages and overview cover the third.

Judging Shengkai Innovations against Industrials peers is usually better than using a market-wide rule of thumb. Business models inside Industrials are more comparable, which makes gaps in accounts payable easier to interpret. Start with $1M here, then scan peer and history charts to see if the gap is persistent.