Ren Good Will vs Accounts Payable Analysis

0KBT Stock

2.45 0.01 0.41%

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

Good Will vs Accounts Payable

Good Will vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ren Redes Energeticas Good Will account and Accounts Payable. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Ren Redes' Good Will and Accounts Payable is -0.04. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Ren Redes Energeticas, assuming nothing else is changed. The correlation between historical values of Ren Redes' Good Will 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 Good Will of Ren Redes Energeticas 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 Good Will i.e., Ren Redes' Good Will and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.04

Relationship Direction	Negative
Relationship Strength	Insignificant

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Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Accounts Payable

An accounting item on the balance sheet that represents Ren Redes 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 Ren Redes Energeticas 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 Ren Redes' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ren Redes Energeticas 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 Ren Redes Energeticas. 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.

Tax Provision is likely to gain to about 42.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 123.7 M in 2024.

	2019	2020	2023	2024 (projected)
Interest Income	56.7M	48.0M	43.2M	49.1M
Tax Provision	54.8M	44.9M	40.4M	42.6M

Interest Income Tax Provision

Ren Redes fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Short Term Investments	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Treasury Stock	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Capital Surpluse	Other Current Liab	Other Liab	Net Tangible Assets	Accounts Payable	Other Current Assets
Total Assets		-0.73	0.95	0.99	-0.83	0.78	-0.73	0.85	0.3	0.41	0.85	0.83	0.79	1.0	0.7	0.7	0.47	0.98	0.99	0.75	-0.6	0.62	0.77	-0.55	0.35	-0.29
Short Long Term Debt Total	-0.73		-0.61	-0.69	0.62	-0.58	1.0	-0.38	0.17	-0.2	-0.38	-0.72	-0.44	-0.75	-0.33	-0.74	-0.21	-0.8	-0.67	-0.44	0.94	-0.32	-0.53	0.91	-0.13	0.28
Total Current Liabilities	0.95	-0.61		0.95	-0.77	0.82	-0.61	0.86	0.42	0.54	0.86	0.79	0.77	0.94	0.66	0.48	0.48	0.89	0.95	0.78	-0.39	0.58	0.66	-0.34	0.24	-0.31
Total Stockholder Equity	0.99	-0.69	0.95		-0.86	0.84	-0.69	0.84	0.32	0.39	0.84	0.79	0.85	0.97	0.65	0.62	0.58	0.96	1.0	0.73	-0.54	0.56	0.7	-0.49	0.28	-0.26
Retained Earnings	-0.83	0.62	-0.77	-0.86		-0.85	0.62	-0.7	-0.09	0.08	-0.7	-0.83	-0.96	-0.81	-0.63	-0.55	-0.33	-0.78	-0.87	-0.85	0.53	-0.63	-0.76	0.43	-0.28	0.25
Other Assets	0.78	-0.58	0.82	0.84	-0.85		-0.58	0.53	0.03	0.14	0.53	0.6	0.9	0.75	0.32	0.35	0.46	0.72	0.82	0.79	-0.33	0.33	0.45	-0.33	-0.1	-0.17
Long Term Debt	-0.73	1.0	-0.61	-0.69	0.62	-0.58		-0.38	0.16	-0.2	-0.38	-0.73	-0.44	-0.75	-0.33	-0.74	-0.21	-0.8	-0.68	-0.44	0.94	-0.33	-0.53	0.91	-0.13	0.29
Cash And Short Term Investments	0.85	-0.38	0.86	0.84	-0.7	0.53	-0.38		0.53	0.5	1.0	0.74	0.67	0.85	0.82	0.44	0.38	0.78	0.87	0.72	-0.29	0.66	0.74	-0.18	0.45	-0.15
Net Receivables	0.3	0.17	0.42	0.32	-0.09	0.03	0.16	0.53		0.51	0.53	0.33	0.19	0.29	0.62	0.0	0.42	0.26	0.33	0.08	0.21	0.56	0.34	0.31	0.62	-0.57
Good Will	0.41	-0.2	0.54	0.39	0.08	0.14	-0.2	0.5	0.51		0.5	0.15	-0.04	0.41	0.18	-0.01	0.46	0.4	0.39	0.04	-0.03	-0.01	0.0	-0.03	-0.04	0.0
Short Term Investments	0.85	-0.38	0.86	0.84	-0.7	0.53	-0.38	1.0	0.53	0.5		0.74	0.67	0.85	0.82	0.44	0.38	0.78	0.87	0.72	-0.29	0.66	0.74	-0.18	0.45	-0.15
Inventory	0.83	-0.72	0.79	0.79	-0.83	0.6	-0.73	0.74	0.33	0.15	0.74		0.7	0.84	0.84	0.67	0.14	0.81	0.82	0.75	-0.68	0.84	0.91	-0.53	0.59	-0.58
Other Stockholder Equity	0.79	-0.44	0.77	0.85	-0.96	0.9	-0.44	0.67	0.19	-0.04	0.67	0.7		0.75	0.55	0.39	0.47	0.71	0.85	0.82	-0.3	0.55	0.64	-0.24	0.19	-0.22
Total Liab	1.0	-0.75	0.94	0.97	-0.81	0.75	-0.75	0.85	0.29	0.41	0.85	0.84	0.75		0.72	0.74	0.41	0.99	0.98	0.75	-0.62	0.64	0.79	-0.58	0.38	-0.31
Total Current Assets	0.7	-0.33	0.66	0.65	-0.63	0.32	-0.33	0.82	0.62	0.18	0.82	0.84	0.55	0.72		0.6	0.06	0.66	0.69	0.64	-0.35	0.96	0.94	-0.21	0.85	-0.59
Treasury Stock	0.7	-0.74	0.48	0.62	-0.55	0.35	-0.74	0.44	0.0	-0.01	0.44	0.67	0.39	0.74	0.6		0.01	0.79	0.62	0.42	-0.8	0.61	0.78	-0.82	0.58	-0.4
Short Term Debt	0.47	-0.21	0.48	0.58	-0.33	0.46	-0.21	0.38	0.42	0.46	0.38	0.14	0.47	0.41	0.06	0.01		0.47	0.53	0.0	-0.09	-0.05	-0.03	-0.09	-0.08	-0.01
Intangible Assets	0.98	-0.8	0.89	0.96	-0.78	0.72	-0.8	0.78	0.26	0.4	0.78	0.81	0.71	0.99	0.66	0.79	0.47		0.96	0.65	-0.7	0.58	0.75	-0.67	0.37	-0.32
Common Stock	0.99	-0.67	0.95	1.0	-0.87	0.82	-0.68	0.87	0.33	0.39	0.87	0.82	0.85	0.98	0.69	0.62	0.53	0.96		0.77	-0.53	0.6	0.74	-0.48	0.31	-0.26
Property Plant Equipment	0.75	-0.44	0.78	0.73	-0.85	0.79	-0.44	0.72	0.08	0.04	0.72	0.75	0.82	0.75	0.64	0.42	0.0	0.65	0.77		-0.28	0.64	0.74	-0.21	0.2	-0.18
Capital Surpluse	-0.6	0.94	-0.39	-0.54	0.53	-0.33	0.94	-0.29	0.21	-0.03	-0.29	-0.68	-0.3	-0.62	-0.35	-0.8	-0.09	-0.7	-0.53	-0.28		-0.35	-0.56	0.95	-0.29	0.27
Other Current Liab	0.62	-0.32	0.58	0.56	-0.63	0.33	-0.33	0.66	0.56	-0.01	0.66	0.84	0.55	0.64	0.96	0.61	-0.05	0.58	0.6	0.64	-0.35		0.94	-0.21	0.87	-0.73
Other Liab	0.77	-0.53	0.66	0.7	-0.76	0.45	-0.53	0.74	0.34	0.0	0.74	0.91	0.64	0.79	0.94	0.78	-0.03	0.75	0.74	0.74	-0.56	0.94		-0.45	0.77	-0.54
Net Tangible Assets	-0.55	0.91	-0.34	-0.49	0.43	-0.33	0.91	-0.18	0.31	-0.03	-0.18	-0.53	-0.24	-0.58	-0.21	-0.82	-0.09	-0.67	-0.48	-0.21	0.95	-0.21	-0.45		-0.17	0.19
Accounts Payable	0.35	-0.13	0.24	0.28	-0.28	-0.1	-0.13	0.45	0.62	-0.04	0.45	0.59	0.19	0.38	0.85	0.58	-0.08	0.37	0.31	0.2	-0.29	0.87	0.77	-0.17		-0.7
Other Current Assets	-0.29	0.28	-0.31	-0.26	0.25	-0.17	0.29	-0.15	-0.57	0.0	-0.15	-0.58	-0.22	-0.31	-0.59	-0.4	-0.01	-0.32	-0.26	-0.18	0.27	-0.73	-0.54	0.19	-0.7

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Ren Redes Account Relationship Matchups

Ren Redes fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.4B	5.2B	5.3B	5.2B	6.0B	5.6B
Short Long Term Debt Total	2.2B	2.3B	2.1B	2.3B	2.0B	1.8B
Total Current Liabilities	851.3M	1.1B	925.0M	1.0B	1.2B	1.0B
Total Stockholder Equity	1.4B	1.5B	1.4B	1.4B	1.6B	1.5B
Retained Earnings	482.4M	480.6M	475.2M	460.8M	414.7M	426.2M
Other Assets	153.7M	222.0M	147.9M	139.8M	160.7M	156.3M
Long Term Debt	2.2B	2.3B	2.1B	2.3B	2.0B	1.8B
Cash And Short Term Investments	61.5M	35.7M	21.0M	61.5M	70.7M	42.2M
Net Receivables	345.9M	268.5M	239.8M	374.5M	337.1M	254.9M
Good Will	19.1M	3.9M	6.0M	5.4M	4.8M	6.0M
Short Term Investments	61.5M	35.7M	21.0M	61.5M	70.7M	42.2M
Inventory	2.1M	3.9M	2.5M	8.5M	9.8M	10.3M
Other Stockholder Equity	208.2M	192.3M	159.3M	175.8M	202.1M	133.8M
Total Liab	3.9B	3.7B	3.9B	3.8B	4.4B	4.1B
Total Current Assets	500.3M	395.3M	512.0M	855.9M	984.3M	610.7M
Short Term Debt	1.0M	1.6M	523K	330K	297K	576.5K
Intangible Assets	4.3B	4.2B	4.2B	4.1B	4.8B	4.5B
Property Plant Equipment	561K	125.6M	127.1M	119.6M	137.5M	69.1M
Net Tangible Assets	(2.8B)	(2.7B)	(2.7B)	(2.6B)	(3.0B)	(3.1B)

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Ren Good Will vs Accounts Payable Analysis

Good Will vs Accounts Payable

Good Will vs Accounts Payable Correlation Analysis

Correlation Coefficient

Good Will

Accounts Payable

Ren Redes fundamental ratios Correlations

Ren Redes Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ren Redes fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Total Assets
Long Term Debt	+ 1.0	Short Long Term Debt Total
Common Stock	+ 1.0	Total Stockholder Equity
Short Term Investments	+ 1.0	Cash And Short Term Investments
Total Stockholder Equity	+ 0.99	Total Assets
Common Stock	+ 0.99	Total Assets

Other Stockholder Equity	- 0.96	Retained Earnings
Common Stock	- 0.87	Retained Earnings
Retained Earnings	- 0.86	Total Stockholder Equity
Property Plant Equipment	- 0.85	Retained Earnings
Other Assets	- 0.85	Retained Earnings
Inventory	- 0.83	Retained Earnings