Ashapura Retained Earnings vs Accounts Payable Analysis

ASHAPURMIN

283.31 24.47 9.45%

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

Retained Earnings vs Accounts Payable

Retained Earnings vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ashapura Minechem Retained Earnings account and Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Ashapura Minechem's Retained Earnings and Accounts Payable is 0.89. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Ashapura Minechem Limited, assuming nothing else is changed. The correlation between historical values of Ashapura Minechem's Retained Earnings 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 Retained Earnings of Ashapura Minechem Limited 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 Retained Earnings i.e., Ashapura Minechem's Retained Earnings and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

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.

Accounts Payable

An accounting item on the balance sheet that represents Ashapura Minechem 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 Ashapura Minechem 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 Ashapura Minechem's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ashapura Minechem 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 Ashapura Minechem Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

As of 11/27/2024, Selling General Administrative is likely to drop to about 568 M. In addition to that, Tax Provision is likely to drop to about 150.5 M

	2021	2022	2023	2024 (projected)
Interest Expense	556.3M	643.2M	697.2M	386.2M
Depreciation And Amortization	580.7M	725.0M	786.3M	825.6M

Interest Expense Depreciation And Amortization

Ashapura Minechem 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	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Term Investments	Current Deferred Revenue	Short Term Debt
Total Assets		0.93	-0.12	0.45	0.92	0.98	0.91	0.9	0.96	0.67	0.98	0.14	0.71	0.83	0.92	0.73	0.91	0.9	0.43	0.61	0.8	0.99	0.58	-0.01	0.19	-0.05
Short Long Term Debt Total	0.93		-0.22	0.31	0.88	0.94	0.99	0.86	0.89	0.58	0.91	0.2	0.58	0.7	0.92	0.53	0.89	0.89	0.34	0.42	0.69	0.92	0.45	-0.02	0.04	0.23
Other Current Liab	-0.12	-0.22		0.52	-0.37	-0.1	-0.25	-0.4	-0.12	0.1	-0.17	-0.27	0.19	-0.16	-0.32	0.17	-0.35	-0.08	0.13	0.29	0.07	-0.08	0.35	-0.19	-0.04	-0.21
Total Current Liabilities	0.45	0.31	0.52		0.14	0.46	0.3	0.09	0.44	0.29	0.42	-0.15	0.41	0.57	0.17	0.68	0.19	0.42	0.2	0.83	0.78	0.47	0.87	-0.36	0.14	-0.29
Total Stockholder Equity	0.92	0.88	-0.37	0.14		0.9	0.85	1.0	0.91	0.68	0.9	0.11	0.65	0.74	0.92	0.53	0.91	0.85	0.39	0.36	0.6	0.91	0.28	0.18	0.08	0.08
Property Plant And Equipment Net	0.98	0.94	-0.1	0.46	0.9		0.92	0.87	0.94	0.65	0.98	0.13	0.6	0.76	0.92	0.73	0.88	0.9	0.31	0.62	0.77	0.95	0.61	-0.15	0.14	-0.01
Net Debt	0.91	0.99	-0.25	0.3	0.85	0.92		0.84	0.85	0.49	0.89	0.26	0.53	0.7	0.92	0.52	0.9	0.84	0.35	0.41	0.7	0.9	0.44	-0.02	0.04	0.21
Retained Earnings	0.9	0.86	-0.4	0.09	1.0	0.87	0.84		0.89	0.67	0.87	0.09	0.64	0.71	0.91	0.49	0.89	0.83	0.38	0.3	0.56	0.89	0.22	0.22	0.06	0.12
Accounts Payable	0.96	0.89	-0.12	0.44	0.91	0.94	0.85	0.89		0.76	0.9	-0.05	0.72	0.8	0.83	0.67	0.82	0.92	0.38	0.52	0.71	0.97	0.47	0.05	0.09	0.06
Cash	0.67	0.58	0.1	0.29	0.68	0.65	0.49	0.67	0.76		0.6	-0.37	0.74	0.39	0.49	0.44	0.42	0.84	0.12	0.31	0.33	0.7	0.27	0.05	0.06	0.21
Non Current Assets Total	0.98	0.91	-0.17	0.42	0.9	0.98	0.89	0.87	0.9	0.6		0.24	0.59	0.78	0.94	0.77	0.93	0.85	0.33	0.65	0.79	0.93	0.62	-0.13	0.28	-0.15
Non Currrent Assets Other	0.14	0.2	-0.27	-0.15	0.11	0.13	0.26	0.09	-0.05	-0.37	0.24		-0.14	0.17	0.38	0.13	0.4	-0.07	0.29	0.14	0.21	0.06	0.15	-0.04	-0.02	-0.22
Cash And Short Term Investments	0.71	0.58	0.19	0.41	0.65	0.6	0.53	0.64	0.72	0.74	0.59	-0.14		0.69	0.5	0.45	0.56	0.69	0.69	0.34	0.56	0.78	0.27	0.48	0.02	0.01
Net Receivables	0.83	0.7	-0.16	0.57	0.74	0.76	0.7	0.71	0.8	0.39	0.78	0.17	0.69		0.71	0.69	0.8	0.62	0.63	0.62	0.91	0.84	0.54	0.22	0.13	-0.25
Good Will	0.92	0.92	-0.32	0.17	0.92	0.92	0.92	0.91	0.83	0.49	0.94	0.38	0.5	0.71		0.59	0.97	0.77	0.38	0.44	0.68	0.87	0.41	0.01	0.16	-0.02
Common Stock Shares Outstanding	0.73	0.53	0.17	0.68	0.53	0.73	0.52	0.49	0.67	0.44	0.77	0.13	0.45	0.69	0.59		0.6	0.57	0.29	0.84	0.79	0.67	0.81	-0.34	0.46	-0.53
Non Current Liabilities Total	0.91	0.89	-0.35	0.19	0.91	0.88	0.9	0.89	0.82	0.42	0.93	0.4	0.56	0.8	0.97	0.6		0.71	0.49	0.45	0.73	0.87	0.39	0.13	0.23	-0.12
Inventory	0.9	0.89	-0.08	0.42	0.85	0.9	0.84	0.83	0.92	0.84	0.85	-0.07	0.69	0.62	0.77	0.57	0.71		0.2	0.49	0.6	0.92	0.5	-0.09	0.04	0.26
Other Current Assets	0.43	0.34	0.13	0.2	0.39	0.31	0.35	0.38	0.38	0.12	0.33	0.29	0.69	0.63	0.38	0.29	0.49	0.2		0.2	0.47	0.49	0.11	0.62	-0.12	-0.18
Other Stockholder Equity	0.61	0.42	0.29	0.83	0.36	0.62	0.41	0.3	0.52	0.31	0.65	0.14	0.34	0.62	0.44	0.84	0.45	0.49	0.2		0.81	0.57	0.96	-0.49	0.39	-0.53
Total Liab	0.8	0.69	0.07	0.78	0.6	0.77	0.7	0.56	0.71	0.33	0.79	0.21	0.56	0.91	0.68	0.79	0.73	0.6	0.47	0.81		0.78	0.8	-0.1	0.24	-0.34
Total Current Assets	0.99	0.92	-0.08	0.47	0.91	0.95	0.9	0.89	0.97	0.7	0.93	0.06	0.78	0.84	0.87	0.67	0.87	0.92	0.49	0.57	0.78		0.52	0.09	0.11	0.03
Common Stock	0.58	0.45	0.35	0.87	0.28	0.61	0.44	0.22	0.47	0.27	0.62	0.15	0.27	0.54	0.41	0.81	0.39	0.5	0.11	0.96	0.8	0.52		-0.6	0.29	-0.4
Short Term Investments	-0.01	-0.02	-0.19	-0.36	0.18	-0.15	-0.02	0.22	0.05	0.05	-0.13	-0.04	0.48	0.22	0.01	-0.34	0.13	-0.09	0.62	-0.49	-0.1	0.09	-0.6		-0.23	0.16
Current Deferred Revenue	0.19	0.04	-0.04	0.14	0.08	0.14	0.04	0.06	0.09	0.06	0.28	-0.02	0.02	0.13	0.16	0.46	0.23	0.04	-0.12	0.39	0.24	0.11	0.29	-0.23		-0.68
Short Term Debt	-0.05	0.23	-0.21	-0.29	0.08	-0.01	0.21	0.12	0.06	0.21	-0.15	-0.22	0.01	-0.25	-0.02	-0.53	-0.12	0.26	-0.18	-0.53	-0.34	0.03	-0.4	0.16	-0.68

Click cells to compare fundamentals

Ashapura Minechem Account Relationship Matchups

Ashapura Minechem fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	18.2B	22.3B	24.2B	30.5B	33.1B	34.8B
Short Long Term Debt Total	4.4B	6.6B	6.4B	7.6B	9.8B	10.3B
Other Current Liab	4.3B	2.1B	3.1B	7.4B	3.3B	5.3B
Total Current Liabilities	7.5B	9.8B	11.3B	14.3B	15.4B	9.5B
Total Stockholder Equity	3.5B	4.3B	5.2B	6.6B	9.3B	9.8B
Property Plant And Equipment Net	5.5B	6.9B	6.9B	7.3B	9.4B	9.9B
Net Debt	4.0B	6.3B	6.2B	6.8B	8.5B	8.9B
Retained Earnings	1.4B	2.2B	3.1B	4.2B	7.0B	7.4B
Accounts Payable	1.4B	3.7B	3.5B	4.5B	5.6B	5.8B
Cash	407.0M	354.4M	234.3M	735.5M	1.3B	1.4B
Non Current Assets Total	10.5B	11.0B	11.4B	12.1B	14.7B	15.4B
Non Currrent Assets Other	1.5B	703.2M	616.1M	650.5M	223.8M	212.6M
Cash And Short Term Investments	440.4M	357.7M	237.3M	2.2B	1.4B	1.4B
Net Receivables	2.8B	4.7B	4.4B	7.0B	5.9B	3.4B
Liabilities And Stockholders Equity	18.2B	22.3B	24.2B	30.5B	33.1B	34.8B
Non Current Liabilities Total	7.2B	8.2B	7.7B	9.6B	8.5B	8.9B
Inventory	2.2B	2.9B	4.1B	5.3B	9.5B	9.9B
Other Current Assets	2.1B	3.3B	1.9B	12.3B	1.6B	2.1B
Other Stockholder Equity	1.8B	1.8B	1.8B	1.9B	2.1B	1.8B
Total Liab	14.7B	18.0B	19.0B	23.9B	23.9B	13.6B
Total Current Assets	7.7B	11.3B	12.9B	18.4B	18.4B	19.3B
Accumulated Other Comprehensive Income	(6.7B)	149.3M	55.2M	377.0M	160.4M	168.5M
Short Term Investments	33.4M	3.3M	3.0M	1.5B	6.3M	6.0M
Current Deferred Revenue	5.0B	4.4B	6.1B	2.9B	2.1B	3.9B
Short Term Debt	510.6M	1.1B	1.1B	1.1B	3.0B	3.1B
Intangible Assets	4.8M	3.1M	608.8M	793.3M	2.0M	1.9M
Other Liab	3.3B	2.7B	2.4B	3.1B	3.6B	3.7B
Net Tangible Assets	2.7B	3.4B	4.2B	5.5B	6.3B	6.6B
Other Assets	1.7B	812.5M	756.7M	146.2M	168.1M	159.7M
Long Term Debt	3.9B	5.5B	5.3B	6.5B	6.9B	7.2B
Short Long Term Debt	499.2M	922.0M	1.1B	1.1B	2.9B	3.1B
Property Plant Equipment	5.2B	6.3B	6.9B	7.3B	8.3B	4.9B
Long Term Debt Total	3.9B	5.5B	5.3B	6.5B	7.5B	7.9B
Non Current Liabilities Other	488K	2.6B	2.3B	907K	6K	5.7K
Net Invested Capital	7.9B	10.8B	11.6B	14.2B	19.1B	9.9B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

RSI	Rush Street Interactive
OKTA	Okta Inc
BAC	Bank of America

Additional Tools for Ashapura Stock Analysis

When running Ashapura Minechem's price analysis, check to measure Ashapura Minechem's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ashapura Minechem is operating at the current time. Most of Ashapura Minechem's value examination focuses on studying past and present price action to predict the probability of Ashapura Minechem's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ashapura Minechem's price. Additionally, you may evaluate how the addition of Ashapura Minechem to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Ashapura Retained Earnings vs Accounts Payable Analysis

Retained Earnings vs Accounts Payable

Retained Earnings vs Accounts Payable Correlation Analysis

Correlation Coefficient

Retained Earnings

Accounts Payable

Ashapura Minechem fundamental ratios Correlations

Ashapura Minechem Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ashapura Minechem fundamental ratios Accounts

Also Currently Popular

Additional Tools for Ashapura Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Property Plant And Equipment Net

Short Term Debt	- 0.68	Current Deferred Revenue
Short Term Investments	- 0.6	Common Stock
Short Term Debt	- 0.53	Other Stockholder Equity
Short Term Debt	- 0.53	Common Stock Shares Outstanding
Short Term Investments	- 0.49	Other Stockholder Equity
Short Term Debt	- 0.4	Common Stock