Red Net Receivables vs Total Current Liabilities Analysis

603650 Stock

34.20 0.38 1.12%

Red Avenue financial indicator trend analysis is much more than just breaking down Red Avenue New prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Red Avenue New is a good investment. Please check the relationship between Red Avenue 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 Red Avenue New. 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.

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 Red Avenue New Net Receivables account and Total Current Liabilities. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Red Avenue's Net Receivables and Total Current Liabilities is -0.21. 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 Red Avenue New, assuming nothing else is changed. The correlation between historical values of Red Avenue'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 Red Avenue New 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., Red Avenue's Net Receivables and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

-0.21

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Receivables

Total Current Liabilities

Total Current Liabilities is an item on Red Avenue balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Red Avenue New 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 Red Avenue's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Red Avenue New 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 Red Avenue New. 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 Tax Provision is expected to grow to about 37.9 M. The current year's Selling General Administrative is expected to grow to about 102.9 M

	2021	2022	2023	2024 (projected)
Minority Interest	16.9M	17.3M	2.5M	2.4M
Income Tax Expense	25.1M	24.9M	22.4M	39.7M

Minority Interest Income Tax Expense

Red Avenue fundamental ratios Correlations

	Other Liab	Net Tangible Assets	Retained Earnings	Other Assets	Other Stockholder Equity	Common Stock	Property Plant Equipment	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other	Short Term Debt	Intangible Assets
Other Liab		0.75	0.84	0.57	0.1	0.74	0.98	0.89	-0.06	0.77	0.87	0.87	0.44	0.87	0.3	0.93	-0.19	0.97	0.9	0.49	0.88	0.48	0.87	-0.73	0.7	0.91
Net Tangible Assets	0.75		0.97	0.68	-0.07	0.96	0.65	0.89	0.31	0.89	0.95	0.83	0.64	0.85	0.54	0.66	0.07	0.6	0.81	0.69	0.82	0.78	0.96	-0.33	0.94	0.79
Retained Earnings	0.84	0.97		0.67	-0.04	0.93	0.77	0.96	0.28	0.93	0.98	0.92	0.54	0.94	0.49	0.8	0.0	0.73	0.91	0.69	0.92	0.75	0.97	-0.38	0.93	0.88
Other Assets	0.57	0.68	0.67		-0.11	0.6	0.46	0.68	0.59	0.73	0.7	0.75	0.31	0.67	0.95	0.5	-0.22	0.46	0.47	0.49	0.66	0.62	0.68	-0.16	0.67	0.71
Other Stockholder Equity	0.1	-0.07	-0.04	-0.11		-0.01	0.1	-0.04	-0.21	-0.27	-0.01	-0.04	0.36	-0.06	-0.16	0.17	0.29	0.08	0.09	-0.36	-0.04	-0.48	0.04	0.08	0.03	0.22
Common Stock	0.74	0.96	0.93	0.6	-0.01		0.64	0.81	0.2	0.79	0.87	0.77	0.61	0.77	0.44	0.63	0.14	0.6	0.77	0.57	0.74	0.66	0.89	-0.38	0.82	0.73
Property Plant Equipment	0.98	0.65	0.77	0.46	0.1	0.64		0.85	-0.16	0.72	0.81	0.83	0.35	0.85	0.18	0.94	-0.2	1.0	0.88	0.41	0.86	0.41	0.79	-0.77	0.62	0.86
Total Assets	0.89	0.89	0.96	0.68	-0.04	0.81	0.85		0.25	0.95	0.98	0.97	0.41	0.99	0.48	0.9	-0.13	0.83	0.95	0.66	0.99	0.72	0.94	-0.43	0.9	0.94
Other Current Liab	-0.06	0.31	0.28	0.59	-0.21	0.2	-0.16	0.25		0.43	0.23	0.38	-0.08	0.26	0.75	-0.02	-0.08	-0.17	0.05	0.45	0.26	0.55	0.18	0.59	0.28	0.24
Total Current Liabilities	0.77	0.89	0.93	0.73	-0.27	0.79	0.72	0.95	0.43		0.92	0.94	0.3	0.95	0.58	0.74	-0.21	0.7	0.83	0.77	0.93	0.9	0.87	-0.33	0.86	0.82
Total Stockholder Equity	0.87	0.95	0.98	0.7	-0.01	0.87	0.81	0.98	0.23	0.92		0.92	0.58	0.95	0.5	0.83	-0.04	0.77	0.92	0.67	0.93	0.73	0.99	-0.44	0.95	0.91
Accounts Payable	0.87	0.83	0.92	0.75	-0.04	0.77	0.83	0.97	0.38	0.94	0.92		0.32	0.97	0.57	0.88	-0.11	0.81	0.9	0.58	0.97	0.7	0.88	-0.36	0.81	0.95
Cash	0.44	0.64	0.54	0.31	0.36	0.61	0.35	0.41	-0.08	0.3	0.58	0.32		0.32	0.2	0.26	0.45	0.28	0.42	0.22	0.27	0.24	0.69	-0.3	0.64	0.45
Non Current Assets Total	0.87	0.85	0.94	0.67	-0.06	0.77	0.85	0.99	0.26	0.95	0.95	0.97	0.32		0.47	0.91	-0.18	0.83	0.95	0.65	1.0	0.72	0.9	-0.41	0.87	0.93
Non Currrent Assets Other	0.3	0.54	0.49	0.95	-0.16	0.44	0.18	0.48	0.75	0.58	0.5	0.57	0.2	0.47		0.24	-0.18	0.18	0.23	0.42	0.46	0.57	0.48	0.11	0.52	0.51
Long Term Debt	0.93	0.66	0.8	0.5	0.17	0.63	0.94	0.9	-0.02	0.74	0.83	0.88	0.26	0.91	0.24		-0.14	0.94	0.94	0.39	0.93	0.37	0.79	-0.55	0.67	0.93
Net Receivables	-0.19	0.07	0.0	-0.22	0.29	0.14	-0.2	-0.13	-0.08	-0.21	-0.04	-0.11	0.45	-0.18	-0.18	-0.14		-0.27	0.0	-0.5	-0.19	-0.25	0.04	0.26	0.08	-0.08
Non Current Liabilities Total	0.97	0.6	0.73	0.46	0.08	0.6	1.0	0.83	-0.17	0.7	0.77	0.81	0.28	0.83	0.18	0.94	-0.27		0.86	0.39	0.85	0.38	0.75	-0.78	0.57	0.85
Inventory	0.9	0.81	0.91	0.47	0.09	0.77	0.88	0.95	0.05	0.83	0.92	0.9	0.42	0.95	0.23	0.94	0.0	0.86		0.52	0.95	0.55	0.89	-0.47	0.83	0.92
Other Current Assets	0.49	0.69	0.69	0.49	-0.36	0.57	0.41	0.66	0.45	0.77	0.67	0.58	0.22	0.65	0.42	0.39	-0.5	0.39	0.52		0.62	0.84	0.63	-0.16	0.62	0.49
Total Liab	0.88	0.82	0.92	0.66	-0.04	0.74	0.86	0.99	0.26	0.93	0.93	0.97	0.27	1.0	0.46	0.93	-0.19	0.85	0.95	0.62		0.67	0.87	-0.41	0.83	0.94
Short Long Term Debt	0.48	0.78	0.75	0.62	-0.48	0.66	0.41	0.72	0.55	0.9	0.73	0.7	0.24	0.72	0.57	0.37	-0.25	0.38	0.55	0.84	0.67		0.68	-0.15	0.73	0.51
Total Current Assets	0.87	0.96	0.97	0.68	0.04	0.89	0.79	0.94	0.18	0.87	0.99	0.88	0.69	0.9	0.48	0.79	0.04	0.75	0.89	0.63	0.87	0.68		-0.46	0.94	0.89
Non Current Liabilities Other	-0.73	-0.33	-0.38	-0.16	0.08	-0.38	-0.77	-0.43	0.59	-0.33	-0.44	-0.36	-0.3	-0.41	0.11	-0.55	0.26	-0.78	-0.47	-0.16	-0.41	-0.15	-0.46		-0.25	-0.4
Short Term Debt	0.7	0.94	0.93	0.67	0.03	0.82	0.62	0.9	0.28	0.86	0.95	0.81	0.64	0.87	0.52	0.67	0.08	0.57	0.83	0.62	0.83	0.73	0.94	-0.25		0.81
Intangible Assets	0.91	0.79	0.88	0.71	0.22	0.73	0.86	0.94	0.24	0.82	0.91	0.95	0.45	0.93	0.51	0.93	-0.08	0.85	0.92	0.49	0.94	0.51	0.89	-0.4	0.81

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Red Avenue Account Relationship Matchups

Red Avenue fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Liab	26.4M	41.6M	116.6M	167.5M	192.6M	202.2M
Net Tangible Assets	2.1B	2.3B	2.3B	2.2B	2.6B	1.8B
Retained Earnings	967.6M	1.2B	1.3B	1.5B	1.7B	995.0M
Other Assets	102.9M	98.9M	452.2M	121.0M	139.2M	136.3M
Other Stockholder Equity	10.4M	7.2M	12.2M	22.1M	19.9M	13.0M
Property Plant Equipment	514.5M	460.7M	1.2B	2.0B	2.3B	2.4B
Total Assets	4.1B	4.6B	6.0B	6.9B	7.3B	4.9B
Other Current Liab	80.1M	93.7M	154.4M	111.4M	524.0K	497.8K
Total Current Liabilities	1.7B	1.8B	2.1B	2.1B	1.8B	1.6B
Total Stockholder Equity	2.2B	2.4B	2.8B	3.0B	3.4B	2.5B
Accounts Payable	469.1M	386.8M	719.9M	766.2M	652.5M	527.4M
Cash	695.7M	620.6M	509.6M	634.3M	744.0M	737.5M
Non Current Assets Total	2.2B	2.6B	3.8B	4.5B	4.8B	2.7B
Non Currrent Assets Other	82.2M	81.6M	418.6M	55.0M	24.2M	23.0M
Net Receivables	870.1M	524.6M	553.7M	695.0M	702.1M	564.3M
Non Current Liabilities Total	26.4M	134.9M	992.1M	1.6B	2.0B	2.1B
Inventory	197.2M	192.2M	214.5M	387.8M	430.7M	245.1M
Other Current Assets	34.4M	142.6M	79.5M	87.2M	49.8M	67.5M
Total Liab	1.7B	2.0B	3.1B	3.7B	3.8B	2.3B
Short Long Term Debt	1.1B	1.3B	1.0B	879.4M	475.1M	758.3M
Total Current Assets	1.9B	2.0B	2.2B	2.3B	2.5B	2.2B
Intangible Assets	123.3M	120.4M	321.1M	372.1M	363.4M	227.6M
Deferred Long Term Liab	4.5M	1.9M	9.0M	17.4M	20.0M	21.0M
Net Invested Capital	3.3B	3.8B	4.7B	5.4B	5.7B	4.2B
Net Working Capital	261.9M	180.5M	15.1M	259.2M	736.1M	420.8M

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Other Information on Investing in Red Stock

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

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Red 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

Red Avenue fundamental ratios Correlations

Red Avenue Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Red Avenue fundamental ratios Accounts

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Other Information on Investing in Red Stock

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Non Current Liabilities Total	+ 1.0	Property Plant Equipment
Total Liab	+ 1.0	Non Current Assets Total
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Stockholder Equity
Property Plant Equipment	+ 0.98	Other Liab

Non Current Liabilities Other	- 0.78	Non Current Liabilities Total
Non Current Liabilities Other	- 0.77	Property Plant Equipment
Non Current Liabilities Other	- 0.73	Other Liab
Non Current Liabilities Other	- 0.55	Long Term Debt
Other Current Assets	- 0.5	Net Receivables
Short Long Term Debt	- 0.48	Other Stockholder Equity