United Net Receivables vs Total Current Liabilities Analysis

0R08 Stock

134.08 2.07 1.57%

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

Net Receivables vs Total Current Liabilities

Net Receivables vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of United Parcel Service Net Receivables account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.

The correlation between United Parcel's Net Receivables and Total Current Liabilities is 0.97. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of United Parcel Service, assuming nothing else is changed. The correlation between historical values of United Parcel's Net Receivables and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of United Parcel Service are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Receivables i.e., United Parcel's Net Receivables and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Receivables

Total Current Liabilities

Total Current Liabilities is an item on United Parcel balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of United Parcel Service are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from United Parcel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into United Parcel Service 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 United Parcel Service. 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 4.5 B in 2024, whereas Selling General Administrative is likely to drop slightly above 33.2 B in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	12.8B	13.1B	17.2B	18.3B
Total Revenue	97.3B	100.3B	91.0B	60.3B

Gross Profit Total Revenue

United Parcel fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	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	Short Term Debt	Common Stock	Current Deferred Revenue	Intangible Assets
Total Assets		0.86	0.93	0.97	0.46	0.98	0.76	0.72	0.97	0.6	0.99	0.44	0.74	0.96	-0.7	0.23	0.87	0.75	-0.07	0.42	0.92	0.95	0.69	-0.55	0.26	0.71
Short Long Term Debt Total	0.86		0.8	0.85	0.45	0.85	0.96	0.57	0.83	0.47	0.86	0.32	0.58	0.86	-0.86	0.39	0.81	0.72	0.11	0.44	0.84	0.82	0.83	-0.56	0.36	0.85
Other Current Liab	0.93	0.8		0.92	0.29	0.89	0.72	0.55	0.89	0.53	0.91	0.31	0.68	0.93	-0.76	0.23	0.88	0.58	0.09	0.43	0.92	0.91	0.59	-0.7	0.32	0.58
Total Current Liabilities	0.97	0.85	0.92		0.31	0.94	0.78	0.58	0.96	0.52	0.97	0.41	0.65	0.97	-0.74	0.18	0.91	0.61	-0.11	0.53	0.96	0.9	0.78	-0.52	0.34	0.73
Total Stockholder Equity	0.46	0.45	0.29	0.31		0.51	0.43	0.91	0.44	0.22	0.47	0.26	0.4	0.36	-0.25	0.63	0.01	0.86	-0.26	0.1	0.11	0.41	0.27	-0.01	-0.44	0.62
Property Plant And Equipment Net	0.98	0.85	0.89	0.94	0.51		0.77	0.76	0.97	0.53	0.99	0.38	0.67	0.92	-0.63	0.24	0.82	0.8	-0.07	0.45	0.88	0.9	0.65	-0.42	0.21	0.74
Net Debt	0.76	0.96	0.72	0.78	0.43	0.77		0.52	0.72	0.2	0.79	0.28	0.34	0.76	-0.86	0.54	0.71	0.7	0.14	0.45	0.75	0.66	0.85	-0.5	0.24	0.89
Retained Earnings	0.72	0.57	0.55	0.58	0.91	0.76	0.52		0.68	0.33	0.73	0.36	0.55	0.61	-0.32	0.54	0.3	0.93	-0.29	0.13	0.4	0.63	0.38	-0.15	-0.33	0.65
Accounts Payable	0.97	0.83	0.89	0.96	0.44	0.97	0.72	0.68		0.59	0.96	0.39	0.69	0.95	-0.63	0.1	0.84	0.71	-0.12	0.53	0.9	0.92	0.64	-0.4	0.3	0.71
Cash	0.6	0.47	0.53	0.52	0.22	0.53	0.2	0.33	0.59		0.5	0.22	0.95	0.57	-0.3	-0.33	0.58	0.31	-0.06	0.11	0.57	0.79	0.23	-0.38	0.48	0.16
Non Current Assets Total	0.99	0.86	0.91	0.97	0.47	0.99	0.79	0.73	0.96	0.5		0.46	0.66	0.94	-0.7	0.28	0.86	0.76	-0.09	0.44	0.91	0.9	0.71	-0.51	0.21	0.74
Non Currrent Assets Other	0.44	0.32	0.31	0.41	0.26	0.38	0.28	0.36	0.39	0.22	0.46		0.3	0.39	-0.4	0.17	0.38	0.31	-0.23	0.0	0.4	0.37	0.41	-0.37	-0.21	0.28
Cash And Short Term Investments	0.74	0.58	0.68	0.65	0.4	0.67	0.34	0.55	0.69	0.95	0.66	0.3		0.69	-0.42	-0.05	0.64	0.49	-0.11	0.1	0.65	0.89	0.35	-0.5	0.33	0.31
Net Receivables	0.96	0.86	0.93	0.97	0.36	0.92	0.76	0.61	0.95	0.57	0.94	0.39	0.69		-0.75	0.16	0.88	0.64	-0.11	0.49	0.93	0.94	0.7	-0.59	0.34	0.69
Common Stock Shares Outstanding	-0.7	-0.86	-0.76	-0.74	-0.25	-0.63	-0.86	-0.32	-0.63	-0.3	-0.7	-0.4	-0.42	-0.75		-0.46	-0.74	-0.44	-0.11	-0.44	-0.76	-0.66	-0.83	0.77	-0.36	-0.73
Short Term Investments	0.23	0.39	0.23	0.18	0.63	0.24	0.54	0.54	0.1	-0.33	0.28	0.17	-0.05	0.16	-0.46		-0.03	0.55	0.0	-0.01	0.04	0.09	0.43	-0.25	-0.48	0.58
Non Current Liabilities Total	0.87	0.81	0.88	0.91	0.01	0.82	0.71	0.3	0.84	0.58	0.86	0.38	0.64	0.88	-0.74	-0.03		0.41	0.17	0.4	0.99	0.86	0.68	-0.69	0.58	0.5
Inventory	0.75	0.72	0.58	0.61	0.86	0.8	0.7	0.93	0.71	0.31	0.76	0.31	0.49	0.64	-0.44	0.55	0.41		0.02	0.15	0.49	0.65	0.46	-0.22	-0.18	0.73
Other Current Assets	-0.07	0.11	0.09	-0.11	-0.26	-0.07	0.14	-0.29	-0.12	-0.06	-0.09	-0.23	-0.11	-0.11	-0.11	0.0	0.17	0.02		-0.2	0.08	-0.03	-0.13	-0.3	0.25	-0.17
Other Stockholder Equity	0.42	0.44	0.43	0.53	0.1	0.45	0.45	0.13	0.53	0.11	0.44	0.0	0.1	0.49	-0.44	-0.01	0.4	0.15	-0.2		0.45	0.35	0.48	0.01	0.37	0.59
Total Liab	0.92	0.84	0.92	0.96	0.11	0.88	0.75	0.4	0.9	0.57	0.91	0.4	0.65	0.93	-0.76	0.04	0.99	0.49	0.08	0.45		0.89	0.72	-0.64	0.51	0.59
Total Current Assets	0.95	0.82	0.91	0.9	0.41	0.9	0.66	0.63	0.92	0.79	0.9	0.37	0.89	0.94	-0.66	0.09	0.86	0.65	-0.03	0.35	0.89		0.59	-0.61	0.36	0.57
Short Term Debt	0.69	0.83	0.59	0.78	0.27	0.65	0.85	0.38	0.64	0.23	0.71	0.41	0.35	0.7	-0.83	0.43	0.68	0.46	-0.13	0.48	0.72	0.59		-0.4	0.27	0.87
Common Stock	-0.55	-0.56	-0.7	-0.52	-0.01	-0.42	-0.5	-0.15	-0.4	-0.38	-0.51	-0.37	-0.5	-0.59	0.77	-0.25	-0.69	-0.22	-0.3	0.01	-0.64	-0.61	-0.4		-0.35	-0.2
Current Deferred Revenue	0.26	0.36	0.32	0.34	-0.44	0.21	0.24	-0.33	0.3	0.48	0.21	-0.21	0.33	0.34	-0.36	-0.48	0.58	-0.18	0.25	0.37	0.51	0.36	0.27	-0.35		0.07
Intangible Assets	0.71	0.85	0.58	0.73	0.62	0.74	0.89	0.65	0.71	0.16	0.74	0.28	0.31	0.69	-0.73	0.58	0.5	0.73	-0.17	0.59	0.59	0.57	0.87	-0.2	0.07

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United Parcel Account Relationship Matchups

United Parcel fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	57.9B	62.5B	69.4B	71.1B	70.9B	43.6B
Short Long Term Debt Total	21.8B	27.8B	25.5B	23.5B	26.7B	28.1B
Other Current Liab	5.2B	6.8B	6.6B	7.0B	6.6B	4.7B
Total Current Liabilities	15.4B	17.0B	17.6B	18.1B	17.7B	10.3B
Total Stockholder Equity	3.3B	741M	14.3B	19.8B	17.3B	18.2B
Property Plant And Equipment Net	30.5B	35.3B	37.0B	38.5B	41.3B	22.6B
Net Debt	16.6B	21.8B	15.3B	17.9B	23.5B	24.7B
Retained Earnings	9.1B	7.0B	16.2B	21.3B	21.1B	12.5B
Accounts Payable	5.6B	6.5B	7.5B	7.5B	6.3B	3.5B
Cash	5.2B	5.9B	10.3B	5.6B	3.2B	3.6B
Non Current Assets Total	40.8B	42.2B	44.5B	48.9B	51.4B	29.2B
Non Currrent Assets Other	3.9B	672M	1.1B	3.3B	1.5B	1.7B
Cash And Short Term Investments	5.7B	6.3B	10.6B	7.6B	6.1B	4.8B
Net Receivables	9.9B	11.0B	12.8B	12.9B	11.5B	7.8B
Common Stock Shares Outstanding	870M	869M	871M	878M	860M	799.8M
Short Term Investments	503M	406M	338M	2.0B	2.9B	3.0B
Liabilities And Stockholders Equity	57.9B	62.5B	69.4B	71.1B	70.9B	43.6B
Non Current Liabilities Total	39.2B	44.7B	37.6B	33.2B	35.9B	23.4B
Inventory	511M	620M	717M	889M	935M	750.3M
Other Current Assets	917M	2.3B	779M	842M	953M	1.5B
Other Stockholder Equity	150M	865M	1.3B	(4M)	(9M)	(8.6M)
Total Liab	54.6B	61.7B	55.1B	51.3B	53.5B	33.7B
Total Current Assets	17.1B	20.3B	24.9B	22.2B	19.4B	14.4B
Accumulated Other Comprehensive Income	(6.0B)	(7.1B)	(3.3B)	(1.5B)	(3.7B)	(3.9B)
Short Term Debt	4.7B	3.8B	3.4B	3.6B	4.8B	5.0B
Current Deferred Revenue	4.3B	5.6B	5.9B	139M	2.3B	2.8B
Intangible Assets	2.2B	2.3B	2.5B	2.8B	3.3B	3.5B
Good Will	3.8B	3.4B	3.7B	4.2B	4.9B	3.3B
Other Assets	1.4B	1.2B	1.2B	3.1B	2.8B	1.4B
Other Liab	14.9B	20.1B	14.7B	12.6B	14.5B	15.9B
Net Tangible Assets	(2.7B)	(5.0B)	8.1B	12.8B	14.7B	15.4B
Long Term Debt	19.5B	21.5B	21.7B	19.8B	22.8B	22.5B
Treasury Stock	(32M)	(26M)	(20M)	(16M)	(18.4M)	(19.3M)
Property Plant Equipment	33.3B	35.3B	37.0B	38.5B	44.2B	35.4B

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United Net Receivables vs Total Current Liabilities Analysis

Net Receivables vs Total Current Liabilities

Net Receivables vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Net Receivables

Total Current Liabilities

United Parcel fundamental ratios Correlations

United Parcel Account Relationship Matchups

High Positive Relationship

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United Parcel fundamental ratios Accounts

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Non Current Assets Total	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.99	Non Current Liabilities Total
Property Plant And Equipment Net	+ 0.98	Total Assets
Total Current Liabilities	+ 0.97	Total Assets
Accounts Payable	+ 0.97	Total Assets

Common Stock Shares Outstanding	- 0.86	Net Debt
Common Stock Shares Outstanding	- 0.86	Short Long Term Debt Total
Short Term Debt	- 0.83	Common Stock Shares Outstanding
Total Liab	- 0.76	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.76	Other Current Liab
Common Stock Shares Outstanding	- 0.75	Net Receivables