AFLAC Inventory vs Retained Earnings Analysis

0H68 Stock

105.06 0.93 0.89%

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

Inventory vs Retained Earnings

Inventory vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AFLAC Inc Inventory account and Retained Earnings. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between AFLAC's Inventory and Retained Earnings is -0.59. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of AFLAC Inc, assuming nothing else is changed. The correlation between historical values of AFLAC's Inventory and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of AFLAC Inc are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Inventory i.e., AFLAC's Inventory and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.59

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Inventory

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from AFLAC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AFLAC 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 AFLAC Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Selling General Administrative is likely to drop to about 2.3 B in 2024. Tax Provision is likely to drop to about 625.8 M in 2024

	2021	2022	2023	2024 (projected)
Total Revenue	22.1B	19.1B	18.7B	14.3B
Interest Expense	238M	226M	195M	107.4M

Total Revenue Interest Expense

AFLAC fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Retained Earnings	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Non Current Assets Total	Net Receivables	Other Current Assets	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Accounts Payable	Cash	Non Currrent Assets Other	Cash And Short Term Investments	Short Term Investments	Inventory
Total Assets		0.7	0.9	0.4	0.5	-0.72	-0.74	-0.02	-0.38	0.18	-0.65	0.64	0.78	0.97	0.72	0.01	0.75	-0.04	0.96	0.74	0.72	0.81	-0.19	0.77	0.73	0.2
Short Long Term Debt Total	0.7		0.75	0.76	0.94	-0.57	-0.92	0.46	-0.88	-0.05	-0.12	0.4	0.64	0.66	0.43	0.59	0.59	-0.3	0.63	0.82	0.45	0.77	0.42	0.61	0.43	-0.38
Total Stockholder Equity	0.9	0.75		0.4	0.59	-0.78	-0.78	-0.01	-0.51	-0.18	-0.57	0.65	0.61	0.84	0.46	0.09	0.82	-0.25	0.78	0.81	0.65	0.87	0.05	0.84	0.77	0.14
Net Debt	0.4	0.76	0.4		0.79	-0.19	-0.7	0.52	-0.79	-0.05	0.34	0.11	0.55	0.37	0.35	0.55	0.23	-0.55	0.36	0.64	0.09	0.22	0.43	0.25	0.1	-0.47
Retained Earnings	0.5	0.94	0.59	0.79		-0.36	-0.91	0.65	-0.98	-0.05	0.15	0.25	0.49	0.47	0.24	0.64	0.38	-0.43	0.45	0.77	0.22	0.62	0.65	0.4	0.19	-0.59
Other Assets	-0.72	-0.57	-0.78	-0.19	-0.36		0.49	0.12	0.23	0.04	0.68	-0.76	-0.31	-0.65	-0.5	0.04	-0.97	0.0	-0.58	-0.48	-0.9	-0.75	0.13	-0.97	-0.93	-0.32
Common Stock Shares Outstanding	-0.74	-0.92	-0.78	-0.7	-0.91	0.49		-0.51	0.89	-0.07	0.07	-0.38	-0.58	-0.71	-0.38	-0.37	-0.52	0.33	-0.67	-0.9	-0.39	-0.78	-0.44	-0.55	-0.39	0.34
Non Current Liabilities Total	-0.02	0.46	-0.01	0.52	0.65	0.12	-0.51		-0.7	0.24	0.58	-0.18	0.03	-0.01	0.0	0.53	-0.12	-0.45	0.02	0.47	-0.12	0.11	0.68	-0.11	-0.27	-0.66
Other Stockholder Equity	-0.38	-0.88	-0.51	-0.79	-0.98	0.23	0.89	-0.7		0.1	-0.3	-0.14	-0.39	-0.36	-0.11	-0.65	-0.26	0.48	-0.33	-0.76	-0.09	-0.53	-0.74	-0.28	-0.07	0.65
Total Liab	0.18	-0.05	-0.18	-0.05	-0.05	0.04	-0.07	0.24	0.1		-0.06	-0.06	0.09	0.28	0.47	-0.34	-0.11	0.38	0.34	-0.12	0.2	0.01	-0.27	-0.1	-0.08	-0.01
Other Current Liab	-0.65	-0.12	-0.57	0.34	0.15	0.68	0.07	0.58	-0.3	-0.06		-0.63	-0.37	-0.63	-0.49	0.32	-0.66	-0.37	-0.62	-0.11	-0.7	-0.56	0.57	-0.66	-0.73	-0.6
Total Current Liabilities	0.64	0.4	0.65	0.11	0.25	-0.76	-0.38	-0.18	-0.14	-0.06	-0.63		0.36	0.62	0.45	-0.05	0.72	0.15	0.58	0.36	0.72	0.54	-0.04	0.73	0.69	0.22
Property Plant And Equipment Net	0.78	0.64	0.61	0.55	0.49	-0.31	-0.58	0.03	-0.39	0.09	-0.37	0.36		0.76	0.6	0.36	0.38	-0.07	0.84	0.59	0.32	0.48	-0.16	0.41	0.34	0.0
Non Current Assets Total	0.97	0.66	0.84	0.37	0.47	-0.65	-0.71	-0.01	-0.36	0.28	-0.63	0.62	0.76		0.79	-0.01	0.64	0.02	0.98	0.67	0.72	0.77	-0.17	0.67	0.61	0.08
Net Receivables	0.72	0.43	0.46	0.35	0.24	-0.5	-0.38	0.0	-0.11	0.47	-0.49	0.45	0.6	0.79		-0.05	0.43	0.07	0.79	0.36	0.71	0.4	-0.33	0.45	0.41	0.04
Other Current Assets	0.01	0.59	0.09	0.55	0.64	0.04	-0.37	0.53	-0.65	-0.34	0.32	-0.05	0.36	-0.01	-0.05		-0.02	-0.24	0.02	0.38	-0.13	0.18	0.54	0.0	-0.19	-0.63
Total Current Assets	0.75	0.59	0.82	0.23	0.38	-0.97	-0.52	-0.12	-0.26	-0.11	-0.66	0.72	0.38	0.64	0.43	-0.02		-0.07	0.6	0.56	0.82	0.76	-0.15	1.0	0.97	0.41
Short Term Debt	-0.04	-0.3	-0.25	-0.55	-0.43	0.0	0.33	-0.45	0.48	0.38	-0.37	0.15	-0.07	0.02	0.07	-0.24	-0.07		0.05	-0.47	0.16	0.04	-0.52	-0.07	0.01	0.27
Intangible Assets	0.96	0.63	0.78	0.36	0.45	-0.58	-0.67	0.02	-0.33	0.34	-0.62	0.58	0.84	0.98	0.79	0.02	0.6	0.05		0.65	0.66	0.72	-0.23	0.62	0.58	0.12
Common Stock	0.74	0.82	0.81	0.64	0.77	-0.48	-0.9	0.47	-0.76	-0.12	-0.11	0.36	0.59	0.67	0.36	0.38	0.56	-0.47	0.65		0.39	0.73	0.32	0.57	0.47	-0.17
Accounts Payable	0.72	0.45	0.65	0.09	0.22	-0.9	-0.39	-0.12	-0.09	0.2	-0.7	0.72	0.32	0.72	0.71	-0.13	0.82	0.16	0.66	0.39		0.67	-0.25	0.82	0.79	0.25
Cash	0.81	0.77	0.87	0.22	0.62	-0.75	-0.78	0.11	-0.53	0.01	-0.56	0.54	0.48	0.77	0.4	0.18	0.76	0.04	0.72	0.73	0.67		0.09	0.77	0.68	0.03
Non Currrent Assets Other	-0.19	0.42	0.05	0.43	0.65	0.13	-0.44	0.68	-0.74	-0.27	0.57	-0.04	-0.16	-0.17	-0.33	0.54	-0.15	-0.52	-0.23	0.32	-0.25	0.09		-0.15	-0.34	-0.8
Cash And Short Term Investments	0.77	0.61	0.84	0.25	0.4	-0.97	-0.55	-0.11	-0.28	-0.1	-0.66	0.73	0.41	0.67	0.45	0.0	1.0	-0.07	0.62	0.57	0.82	0.77	-0.15		0.97	0.39
Short Term Investments	0.73	0.43	0.77	0.1	0.19	-0.93	-0.39	-0.27	-0.07	-0.08	-0.73	0.69	0.34	0.61	0.41	-0.19	0.97	0.01	0.58	0.47	0.79	0.68	-0.34	0.97		0.6
Inventory	0.2	-0.38	0.14	-0.47	-0.59	-0.32	0.34	-0.66	0.65	-0.01	-0.6	0.22	0.0	0.08	0.04	-0.63	0.41	0.27	0.12	-0.17	0.25	0.03	-0.8	0.39	0.6

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AFLAC Account Relationship Matchups

AFLAC fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	152.8B	165.1B	157.5B	131.7B	126.7B	75.1B
Short Long Term Debt Total	6.6B	7.9B	8.0B	7.4B	7.4B	7.7B
Total Stockholder Equity	29.0B	33.6B	33.3B	20.1B	22.0B	11.1B
Net Debt	1.7B	2.8B	2.9B	3.5B	3.1B	3.2B
Retained Earnings	34.3B	38.0B	41.4B	44.4B	48.0B	50.4B
Other Assets	(66.9B)	(79.0B)	(69.7B)	(45.0B)	(25.1B)	(26.3B)
Common Stock Shares Outstanding	746.4M	716.2M	676.7M	637.7M	598.7M	806.5M
Liabilities And Stockholders Equity	152.8B	165.1B	157.5B	131.7B	126.7B	75.1B
Non Current Liabilities Total	6.6B	7.9B	8.0B	92.0B	104.7B	110.0B
Other Stockholder Equity	(12.1B)	(13.5B)	(15.7B)	(17.9B)	(20.6B)	(19.6B)
Total Liab	6.6B	7.9B	8.0B	111.6B	104.7B	54.0B
Other Current Liab	(5.4B)	(4.7B)	(4.3B)	(698M)	(577M)	(605.9M)
Total Current Liabilities	5.4B	4.7B	4.3B	1.3B	2.2B	2.1B
Property Plant And Equipment Net	581M	601M	538M	530M	445M	505.5M
Non Current Assets Total	122.7B	132.2B	122.8B	96.4B	123.6B	65.4B
Net Receivables	828M	796M	693M	647M	848M	603.9M
Other Current Assets	7.4B	7.8B	7.5B	7.2B	7.3B	9.9B
Total Current Assets	97.0B	111.8B	104.4B	80.3B	28.2B	35.9B
Intangible Assets	10.1B	10.4B	9.5B	8.6B	9.1B	6.2B
Accumulated Other Comprehensive Income	6.6B	8.9B	7.4B	(6.4B)	(5.5B)	(5.2B)
Accounts Payable	4.7B	5.2B	3.1B	2.9B	3.3B	2.0B
Cash	4.9B	5.1B	5.1B	3.9B	4.3B	2.7B
Non Currrent Assets Other	(16.3B)	(18.9B)	(17.8B)	(14.1B)	110.9B	116.5B
Cash And Short Term Investments	96.2B	111.0B	103.7B	79.7B	28.2B	35.6B
Short Term Investments	91.3B	105.9B	98.7B	75.7B	1.4B	1.4B
Inventory	(7.4B)	(7.8B)	(7.5B)	(7.2B)	(78.4B)	(74.5B)
Other Liab	100.5B	108.5B	102.6B	91.7B	105.5B	108.3B
Net Tangible Assets	29.0B	33.3B	33.0B	22.1B	25.4B	30.3B
Long Term Debt	5.8B	6.4B	7.7B	8.0B	9.1B	7.3B
Property Plant Equipment	581M	601M	538M	530M	609.5M	573.3M

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AFLAC Inventory vs Retained Earnings Analysis

Inventory vs Retained Earnings

Inventory vs Retained Earnings Correlation Analysis

Correlation Coefficient

Inventory

Retained Earnings

AFLAC fundamental ratios Correlations

AFLAC Account Relationship Matchups

High Positive Relationship

High Negative Relationship

AFLAC fundamental ratios Accounts

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COMMON DESTINATIONS

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Cash And Short Term Investments	+ 1.0	Total Current Assets
Intangible Assets	+ 0.98	Non Current Assets Total
Non Current Assets Total	+ 0.97	Total Assets
Short Term Investments	+ 0.97	Total Current Assets
Short Term Investments	+ 0.97	Cash And Short Term Investments
Intangible Assets	+ 0.96	Total Assets

Other Stockholder Equity	- 0.98	Retained Earnings
Cash And Short Term Investments	- 0.97	Other Assets
Total Current Assets	- 0.97	Other Assets
Short Term Investments	- 0.93	Other Assets
Common Stock Shares Outstanding	- 0.92	Short Long Term Debt Total
Common Stock Shares Outstanding	- 0.91	Retained Earnings