Ren Other Current Assets vs Property Plant Equipment Analysis

0KBT Stock

2.57 0.17 7.08%

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 Other Current Assets and its Property Plant Equipment 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.

Other Current Assets vs Property Plant Equipment

Other Current Assets vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ren Redes Energeticas Other Current Assets account and Property Plant Equipment. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Ren Redes' Other Current Assets and Property Plant Equipment is -0.18. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Property Plant Equipment 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' Other Current Assets and Property Plant Equipment 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 Assets of Ren Redes Energeticas are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Other Current Assets i.e., Ren Redes' Other Current Assets and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

-0.18

Relationship Direction	Negative
Relationship Strength	Insignificant

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Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Property Plant Equipment

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 Other Current Assets vs Property Plant Equipment Analysis

Other Current Assets vs Property Plant Equipment

Other Current Assets vs Property Plant Equipment Correlation Analysis

Correlation Coefficient

Other Current Assets

Property Plant Equipment

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