Rongsheng Current Deferred Revenue vs Cash Analysis

002493 Stock

9.52 0.08 0.83%

Rongsheng Petrochemical financial indicator trend analysis is much more than just breaking down Rongsheng Petrochemical prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rongsheng Petrochemical is a good investment. Please check the relationship between Rongsheng Petrochemical Current Deferred Revenue and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Rongsheng Petrochemical Co. 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.

Current Deferred Revenue vs Cash

Current Deferred Revenue vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rongsheng Petrochemical Current Deferred Revenue account and Cash. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Rongsheng Petrochemical's Current Deferred Revenue and Cash is 0.43. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Cash in the same time period over historical financial statements of Rongsheng Petrochemical Co, assuming nothing else is changed. The correlation between historical values of Rongsheng Petrochemical's Current Deferred Revenue and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Rongsheng Petrochemical Co are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Current Deferred Revenue i.e., Rongsheng Petrochemical's Current Deferred Revenue and Cash go up and down completely randomly.

Correlation Coefficient

0.43

Relationship Direction	Positive
Relationship Strength	Weak

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Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Cash

Cash refers to the most liquid asset of Rongsheng Petrochemical, which is listed under current asset account on Rongsheng Petrochemical Co balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Rongsheng Petrochemical customers. The amounts must be unrestricted with restricted cash listed in a different Rongsheng Petrochemical account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Rongsheng Petrochemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rongsheng Petrochemical 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 Rongsheng Petrochemical Co. 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 351.4 M, whereas Tax Provision is projected to grow to (48.1 M).

	2021	2022	2023	2024 (projected)
Interest Expense	3.6B	4.6B	7.4B	7.7B
Depreciation And Amortization	10.3B	11.3B	14.7B	15.5B

Interest Expense Depreciation And Amortization

Rongsheng Petrochemical fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	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	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets
Total Assets		1.0	0.42	1.0	0.98	0.91	1.0	0.84	1.0	0.99	0.98	0.79	1.0	0.89	0.52	0.99	0.79	0.8	0.84	0.76	0.99	0.98	0.61	0.55	1.0	0.99
Short Long Term Debt Total	1.0		0.4	1.0	0.97	0.9	1.0	0.85	1.0	0.98	0.97	0.76	1.0	0.9	0.48	0.99	0.77	0.77	0.83	0.75	0.99	0.98	0.59	0.52	1.0	0.99
Other Current Liab	0.42	0.4		0.37	0.44	0.21	0.41	-0.04	0.37	0.43	0.53	0.63	0.41	0.28	0.67	0.46	0.62	0.59	0.46	0.21	0.46	0.42	-0.02	0.21	0.41	0.45
Total Current Liabilities	1.0	1.0	0.37		0.98	0.9	1.0	0.86	1.0	0.97	0.96	0.77	1.0	0.89	0.46	0.98	0.77	0.76	0.84	0.76	0.98	0.97	0.63	0.56	1.0	0.98
Total Stockholder Equity	0.98	0.97	0.44	0.98		0.94	0.98	0.79	0.97	0.98	0.97	0.83	0.98	0.83	0.59	0.97	0.83	0.84	0.89	0.78	0.97	0.94	0.66	0.66	0.98	0.98
Other Liab	0.91	0.9	0.21	0.9	0.94		0.92	0.79	0.9	0.91	0.88	0.68	0.92	0.75	0.59	0.89	0.69	0.74	0.8	0.72	0.9	0.86	0.7	0.68	0.9	0.89
Property Plant And Equipment Net	1.0	1.0	0.41	1.0	0.98	0.92		0.84	1.0	0.99	0.97	0.78	1.0	0.89	0.52	0.99	0.78	0.79	0.84	0.76	0.99	0.98	0.61	0.55	1.0	0.99
Current Deferred Revenue	0.84	0.85	-0.04	0.86	0.79	0.79	0.84		0.86	0.85	0.71	0.43	0.84	0.89	0.08	0.82	0.44	0.49	0.54	0.78	0.82	0.85	0.42	0.25	0.84	0.81
Net Debt	1.0	1.0	0.37	1.0	0.97	0.9	1.0	0.86		0.98	0.96	0.74	1.0	0.91	0.46	0.99	0.74	0.76	0.81	0.75	0.99	0.98	0.58	0.51	1.0	0.99
Retained Earnings	0.99	0.98	0.43	0.97	0.98	0.91	0.99	0.85	0.98		0.95	0.75	0.98	0.9	0.56	0.98	0.75	0.81	0.8	0.79	0.99	0.98	0.52	0.48	0.98	0.98
Accounts Payable	0.98	0.97	0.53	0.96	0.97	0.88	0.97	0.71	0.96	0.95		0.85	0.97	0.81	0.64	0.98	0.85	0.85	0.86	0.68	0.98	0.95	0.64	0.59	0.97	0.98
Cash	0.79	0.76	0.63	0.77	0.83	0.68	0.78	0.43	0.74	0.75	0.85		0.78	0.54	0.63	0.78	1.0	0.86	0.89	0.61	0.78	0.71	0.68	0.66	0.78	0.81
Non Current Assets Total	1.0	1.0	0.41	1.0	0.98	0.92	1.0	0.84	1.0	0.98	0.97	0.78		0.89	0.51	0.99	0.78	0.78	0.84	0.76	0.99	0.98	0.61	0.55	1.0	0.99
Non Currrent Assets Other	0.89	0.9	0.28	0.89	0.83	0.75	0.89	0.89	0.91	0.9	0.81	0.54	0.89		0.25	0.9	0.54	0.61	0.6	0.66	0.89	0.92	0.31	0.22	0.89	0.88
Other Assets	0.52	0.48	0.67	0.46	0.59	0.59	0.52	0.08	0.46	0.56	0.64	0.63	0.51	0.25		0.54	0.63	0.74	0.58	0.31	0.55	0.49	0.36	0.54	0.5	0.54
Long Term Debt	0.99	0.99	0.46	0.98	0.97	0.89	0.99	0.82	0.99	0.98	0.98	0.78	0.99	0.9	0.54		0.78	0.8	0.81	0.74	1.0	0.99	0.56	0.49	1.0	0.99
Cash And Short Term Investments	0.79	0.77	0.62	0.77	0.83	0.69	0.78	0.44	0.74	0.75	0.85	1.0	0.78	0.54	0.63	0.78		0.86	0.89	0.62	0.78	0.71	0.69	0.66	0.78	0.81
Net Receivables	0.8	0.77	0.59	0.76	0.84	0.74	0.79	0.49	0.76	0.81	0.85	0.86	0.78	0.61	0.74	0.8	0.86		0.83	0.64	0.81	0.77	0.56	0.57	0.79	0.83
Common Stock Shares Outstanding	0.84	0.83	0.46	0.84	0.89	0.8	0.84	0.54	0.81	0.8	0.86	0.89	0.84	0.6	0.58	0.81	0.89	0.83		0.73	0.82	0.75	0.79	0.81	0.83	0.84
Short Term Investments	0.76	0.75	0.21	0.76	0.78	0.72	0.76	0.78	0.75	0.79	0.68	0.61	0.76	0.66	0.31	0.74	0.62	0.64	0.73		0.74	0.73	0.46	0.39	0.75	0.76
Non Current Liabilities Total	0.99	0.99	0.46	0.98	0.97	0.9	0.99	0.82	0.99	0.99	0.98	0.78	0.99	0.89	0.55	1.0	0.78	0.81	0.82	0.74		0.99	0.57	0.5	1.0	0.99
Inventory	0.98	0.98	0.42	0.97	0.94	0.86	0.98	0.85	0.98	0.98	0.95	0.71	0.98	0.92	0.49	0.99	0.71	0.77	0.75	0.73	0.99		0.48	0.39	0.98	0.98
Other Current Assets	0.61	0.59	-0.02	0.63	0.66	0.7	0.61	0.42	0.58	0.52	0.64	0.68	0.61	0.31	0.36	0.56	0.69	0.56	0.79	0.46	0.57	0.48		0.86	0.6	0.6
Other Stockholder Equity	0.55	0.52	0.21	0.56	0.66	0.68	0.55	0.25	0.51	0.48	0.59	0.66	0.55	0.22	0.54	0.49	0.66	0.57	0.81	0.39	0.5	0.39	0.86		0.53	0.52
Total Liab	1.0	1.0	0.41	1.0	0.98	0.9	1.0	0.84	1.0	0.98	0.97	0.78	1.0	0.89	0.5	1.0	0.78	0.79	0.83	0.75	1.0	0.98	0.6	0.53		0.99
Total Current Assets	0.99	0.99	0.45	0.98	0.98	0.89	0.99	0.81	0.99	0.98	0.98	0.81	0.99	0.88	0.54	0.99	0.81	0.83	0.84	0.76	0.99	0.98	0.6	0.52	0.99

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Rongsheng Petrochemical Account Relationship Matchups

Rongsheng Petrochemical fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	182.6B	241.5B	337.2B	362.6B	374.9B	393.7B
Short Long Term Debt Total	96.5B	122.5B	162.6B	180.0B	200.5B	210.5B
Other Current Liab	897.2M	326.4M	532.9M	7.0B	552.0M	1.0B
Total Current Liabilities	81.2B	103.4B	127.3B	130.1B	153.1B	160.7B
Total Stockholder Equity	22.6B	37.0B	48.8B	47.3B	44.3B	46.6B
Other Liab	444.3M	2.8B	3.4B	2.2B	2.5B	2.6B
Property Plant And Equipment Net	114.5B	174.2B	232.1B	248.5B	261.7B	274.8B
Current Deferred Revenue	2.8B	5.7B	15.1B	3.7B	23.5B	24.6B
Net Debt	83.6B	111.8B	145.0B	161.8B	187.4B	196.8B
Retained Earnings	9.1B	15.6B	27.2B	29.3B	28.9B	30.3B
Accounts Payable	40.3B	40.4B	60.5B	72.5B	53.9B	56.6B
Cash	12.9B	10.6B	17.7B	18.2B	13.1B	8.0B
Non Current Assets Total	127.0B	189.5B	247.6B	266.9B	283.6B	297.8B
Non Currrent Assets Other	1.6B	1.5B	2.3B	3.4B	5.2B	5.4B
Long Term Debt	59.4B	65.5B	111.2B	133.0B	125.2B	131.4B
Cash And Short Term Investments	13.0B	10.8B	18.0B	18.4B	13.4B	8.1B
Net Receivables	6.9B	7.2B	12.9B	14.1B	10.9B	6.1B
Common Stock Shares Outstanding	8.9B	9.4B	10.1B	10.0B	9.7B	9.0B
Short Term Investments	86.0M	128.1M	345.2M	188.3M	310.1M	325.6M
Liabilities And Stockholders Equity	182.6B	241.5B	337.2B	362.6B	374.9B	393.7B
Non Current Liabilities Total	59.8B	68.2B	114.6B	135.4B	127.2B	133.5B
Inventory	26.6B	23.5B	47.1B	60.7B	61.7B	64.8B
Other Current Assets	9.1B	10.6B	11.5B	2.5B	5.3B	3.3B
Other Stockholder Equity	6.7B	14.2B	10.8B	6.8B	4.2B	5.0B
Total Liab	141.0B	171.7B	241.9B	265.4B	280.2B	294.3B
Total Current Assets	55.6B	52.1B	89.5B	95.7B	91.3B	95.9B
Short Term Debt	37.1B	57.0B	51.2B	46.8B	75.1B	78.9B
Intangible Assets	4.0B	5.8B	5.7B	6.0B	7.1B	7.5B
Property Plant Equipment	114.5B	174.2B	233.2B	248.5B	285.8B	300.1B
Net Tangible Assets	18.5B	31.2B	43.5B	41.3B	47.5B	25.6B
Deferred Long Term Liab	3.6M	1.6M	185.0K	117.2K	105.4K	100.2K
Short Long Term Debt	30.0B	45.7B	37.9B	26.4B	44.8B	28.9B
Net Invested Capital	112.0B	148.1B	197.9B	206.6B	214.3B	155.9B
Net Working Capital	(25.6B)	(51.4B)	(37.8B)	(34.3B)	(61.7B)	(58.6B)

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

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Rongsheng Current Deferred Revenue vs Cash Analysis

Current Deferred Revenue vs Cash

Current Deferred Revenue vs Cash Correlation Analysis

Correlation Coefficient

Current Deferred Revenue

Cash

Rongsheng Petrochemical fundamental ratios Correlations

Rongsheng Petrochemical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Rongsheng Petrochemical fundamental ratios Accounts

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Other Information on Investing in Rongsheng Stock

COMMON DESTINATIONS

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Short Long Term Debt Total	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
Net Debt	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets

Current Deferred Revenue	- 0.04	Other Current Liab
Other Current Assets	- 0.02	Other Current Liab