CLPS Cash vs Other Current Assets Analysis

CLPS Stock

USD 1.13 0.04 3.42%

CLPS financial indicator trend analysis is way more than just evaluating CLPS Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CLPS Inc is a good investment. Please check the relationship between CLPS Cash and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CLPS Inc. 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.

Cash vs Other Current Assets

Cash vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CLPS Inc Cash account and Other Current Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between CLPS's Cash and Other Current Assets is 0.63. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of CLPS Inc, assuming nothing else is changed. The correlation between historical values of CLPS's Cash and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of CLPS Inc are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Cash i.e., CLPS's Cash and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.63

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Cash

Cash refers to the most liquid asset of CLPS Inc, which is listed under current asset account on CLPS Inc balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from CLPS customers. The amounts must be unrestricted with restricted cash listed in a different CLPS account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

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.

Most indicators from CLPS's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CLPS Inc 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 CLPS Inc. 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.

Sales General And Administrative To Revenue is likely to gain to 0.19 in 2024, whereas Tax Provision is likely to drop slightly above 152.7 K in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	41.0M	34.5M	32.9M	30.0M
Total Revenue	152.0M	150.4M	142.8M	102.0M

Gross Profit Total Revenue

CLPS fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Long Term Investments	Property Plant And Equipment Gross
Total Assets		0.88	0.98	0.99	0.94	0.81	0.81	-0.25	0.81	0.55	0.96	0.84	0.56	0.29	0.94	0.98	0.94	0.93	0.49	0.86	-0.18	0.78	1.0	0.98	0.72	0.82
Other Current Liab	0.88		0.85	0.88	0.83	0.61	0.76	-0.36	0.74	0.61	0.83	0.67	0.44	0.41	0.83	0.91	0.91	0.71	0.47	0.9	-0.23	0.71	0.9	0.83	0.82	0.62
Total Current Liabilities	0.98	0.85		0.95	0.93	0.83	0.84	-0.13	0.71	0.58	0.95	0.86	0.64	0.18	0.93	0.93	0.94	0.94	0.5	0.84	-0.15	0.78	0.97	1.0	0.67	0.84
Total Stockholder Equity	0.99	0.88	0.95		0.94	0.78	0.79	-0.31	0.85	0.53	0.95	0.81	0.51	0.36	0.93	0.99	0.92	0.91	0.47	0.87	-0.2	0.77	0.99	0.95	0.74	0.79
Net Tangible Assets	0.94	0.83	0.93	0.94		0.9	0.9	-0.14	0.71	0.54	0.91	0.93	0.71	0.17	0.9	0.92	0.87	0.91	0.57	0.76	-0.04	0.72	0.94	0.92	0.69	0.91
Property Plant And Equipment Net	0.81	0.61	0.83	0.78	0.9		0.88	0.23	0.53	0.42	0.73	0.99	0.82	-0.23	0.68	0.75	0.68	0.9	0.58	0.53	-0.01	0.66	0.79	0.84	0.36	1.0
Current Deferred Revenue	0.81	0.76	0.84	0.79	0.9	0.88		-0.01	0.45	0.47	0.8	0.92	0.85	-0.12	0.77	0.77	0.83	0.84	0.56	0.7	0.05	0.53	0.82	0.84	0.57	0.88
Net Debt	-0.25	-0.36	-0.13	-0.31	-0.14	0.23	-0.01		-0.43	-0.18	-0.37	0.19	0.28	-0.78	-0.4	-0.34	-0.3	-0.05	0.34	-0.35	-0.01	0.11	-0.28	-0.11	-0.44	0.21
Retained Earnings	0.81	0.74	0.71	0.85	0.71	0.53	0.45	-0.43		0.33	0.71	0.53	0.09	0.55	0.69	0.88	0.68	0.64	0.15	0.67	-0.55	0.79	0.8	0.7	0.6	0.53
Accounts Payable	0.55	0.61	0.58	0.53	0.54	0.42	0.47	-0.18	0.33		0.59	0.45	0.58	0.33	0.58	0.51	0.6	0.4	0.25	0.56	0.18	0.45	0.56	0.57	0.38	0.43
Cash	0.96	0.83	0.95	0.95	0.91	0.73	0.8	-0.37	0.71	0.59		0.78	0.58	0.33	0.99	0.92	0.93	0.9	0.37	0.82	0.0	0.63	0.95	0.95	0.7	0.75
Non Current Assets Total	0.84	0.67	0.86	0.81	0.93	0.99	0.92	0.19	0.53	0.45	0.78		0.84	-0.18	0.74	0.78	0.74	0.9	0.6	0.59	-0.01	0.68	0.82	0.87	0.45	0.99
Non Currrent Assets Other	0.56	0.44	0.64	0.51	0.71	0.82	0.85	0.28	0.09	0.58	0.58	0.84		-0.35	0.54	0.47	0.58	0.66	0.56	0.43	0.36	0.32	0.56	0.64	0.25	0.83
Other Assets	0.29	0.41	0.18	0.36	0.17	-0.23	-0.12	-0.78	0.55	0.33	0.33	-0.18	-0.35		0.38	0.4	0.34	-0.03	-0.08	0.47	-0.25	0.27	0.32	0.15	0.61	-0.22
Cash And Short Term Investments	0.94	0.83	0.93	0.93	0.9	0.68	0.77	-0.4	0.69	0.58	0.99	0.74	0.54	0.38		0.9	0.92	0.87	0.39	0.82	0.02	0.61	0.94	0.93	0.74	0.7
Net Receivables	0.98	0.91	0.93	0.99	0.92	0.75	0.77	-0.34	0.88	0.51	0.92	0.78	0.47	0.4	0.9		0.92	0.87	0.46	0.88	-0.27	0.79	0.98	0.92	0.77	0.76
Common Stock Total Equity	0.94	0.91	0.94	0.92	0.87	0.68	0.83	-0.3	0.68	0.6	0.93	0.74	0.58	0.34	0.92	0.92		0.82	0.51	0.95	-0.16	0.7	0.94	0.93	0.82	0.69
Common Stock Shares Outstanding	0.93	0.71	0.94	0.91	0.91	0.9	0.84	-0.05	0.64	0.4	0.9	0.9	0.66	-0.03	0.87	0.87	0.82		0.49	0.7	-0.02	0.64	0.92	0.95	0.51	0.9
Non Current Liabilities Total	0.49	0.47	0.5	0.47	0.57	0.58	0.56	0.34	0.15	0.25	0.37	0.6	0.56	-0.08	0.39	0.46	0.51	0.49		0.59	0.11	0.46	0.52	0.5	0.61	0.58
Capital Surpluse	0.86	0.9	0.84	0.87	0.76	0.53	0.7	-0.35	0.67	0.56	0.82	0.59	0.43	0.47	0.82	0.88	0.95	0.7	0.59		-0.22	0.68	0.89	0.82	0.9	0.54
Inventory	-0.18	-0.23	-0.15	-0.2	-0.04	-0.01	0.05	-0.01	-0.55	0.18	0.0	-0.01	0.36	-0.25	0.02	-0.27	-0.16	-0.02	0.11	-0.22		-0.6	-0.15	-0.13	-0.18	0.01
Other Current Assets	0.78	0.71	0.78	0.77	0.72	0.66	0.53	0.11	0.79	0.45	0.63	0.68	0.32	0.27	0.61	0.79	0.7	0.64	0.46	0.68	-0.6		0.75	0.77	0.56	0.66
Other Stockholder Equity	1.0	0.9	0.97	0.99	0.94	0.79	0.82	-0.28	0.8	0.56	0.95	0.82	0.56	0.32	0.94	0.98	0.94	0.92	0.52	0.89	-0.15	0.75		0.96	0.76	0.8
Total Liab	0.98	0.83	1.0	0.95	0.92	0.84	0.84	-0.11	0.7	0.57	0.95	0.87	0.64	0.15	0.93	0.92	0.93	0.95	0.5	0.82	-0.13	0.77	0.96		0.64	0.85
Long Term Investments	0.72	0.82	0.67	0.74	0.69	0.36	0.57	-0.44	0.6	0.38	0.7	0.45	0.25	0.61	0.74	0.77	0.82	0.51	0.61	0.9	-0.18	0.56	0.76	0.64		0.38
Property Plant And Equipment Gross	0.82	0.62	0.84	0.79	0.91	1.0	0.88	0.21	0.53	0.43	0.75	0.99	0.83	-0.22	0.7	0.76	0.69	0.9	0.58	0.54	0.01	0.66	0.8	0.85	0.38

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CLPS Account Relationship Matchups

CLPS fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	45.4M	82.7M	101.9M	95.3M	110.0M	63.9M
Other Current Liab	13.2M	14.6M	14.5M	13.4M	13.8M	11.6M
Total Current Liabilities	16.4M	23.0M	30.4M	26.3M	39.8M	21.3M
Total Stockholder Equity	27.3M	56.7M	66.6M	64.6M	62.5M	39.7M
Net Tangible Assets	24.1M	53.2M	63.2M	63.9M	73.4M	77.1M
Property Plant And Equipment Net	452.5K	600.8K	20.6M	20.9M	23.9M	25.1M
Current Deferred Revenue	755.2K	326.9K	587.1K	918.5K	1.1M	1.2M
Net Debt	(10.5M)	(17.2M)	(3.9M)	(10.8M)	(2.9M)	(3.0M)
Retained Earnings	123.7K	6.9M	11.4M	5.0M	(51.7K)	(49.1K)
Accounts Payable	268.7K	559.5K	343.6K	690.0K	949.1K	581.8K
Cash	12.7M	24.7M	18.4M	22.2M	29.1M	16.3M
Non Current Assets Total	4.4M	5.1M	24.5M	22.4M	32.0M	33.6M
Non Currrent Assets Other	(203.2K)	(607.8K)	(327.0K)	252.7K	594.6K	624.3K
Other Assets	560.7K	447.6K	1.5M	575.5K	334.6K	0.95
Cash And Short Term Investments	13.3M	28.9M	18.4M	22.2M	31.2M	17.4M
Net Receivables	25.8M	44.1M	53.8M	48.9M	42.3M	32.0M
Good Will	447.8K	2.1M	2.4M	2.4M	1.5M	1.1M
Common Stock Shares Outstanding	14.7M	17.6M	21.1M	23.2M	25.2M	18.8M
Liabilities And Stockholders Equity	45.4M	82.7M	101.9M	95.3M	110.0M	63.9M
Non Current Liabilities Total	22.6K	9.6K	3.7M	3.5M	6.3M	6.6M
Other Current Assets	1.5M	2.5M	8.8M	1.7M	4.5M	3.1M
Other Stockholder Equity	25.8M	48.5M	55.7M	58.2M	61.4M	36.5M
Total Liab	16.7M	25.0M	34.1M	29.8M	46.1M	23.3M
Long Term Investments	680.1K	1.0M	610.4K	456.6K	613.8K	565.7K
Property Plant And Equipment Gross	452.5K	1.9M	22.5M	23.4M	27.5M	28.9M
Short Long Term Debt	2.2M	7.5M	14.5M	10.6M	23.2M	24.4M
Total Current Assets	40.5M	76.1M	76.8M	72.9M	78.1M	52.0M
Accumulated Other Comprehensive Income	1.4M	5.4M	4.5M	1.4M	1.2M	2.0M
Short Term Debt	2.2M	7.5M	14.5M	11.3M	24.6M	25.8M
Intangible Assets	1.1M	1.1M	970.0K	726.2K	2.3M	2.4M
Common Stock	1.6K	2.0K	2.2K	2.4K	2.6K	1.9K
Property Plant Equipment	452.5K	600.8K	20.6M	20.9M	24.1M	25.3M
Net Invested Capital	29.5M	64.2M	81.0M	75.1M	85.7M	52.7M

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