Palred Current Deferred Revenue vs Net Receivables Analysis

PALREDTEC   91.75  0.15  0.16%   
Palred Technologies financial indicator trend analysis is much more than just breaking down Palred Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Palred Technologies is a good investment. Please check the relationship between Palred Technologies Current Deferred Revenue and its Net Receivables accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Palred Technologies 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 income.

Current Deferred Revenue vs Net Receivables

Current Deferred Revenue vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Palred Technologies Current Deferred Revenue account and Net Receivables. At this time, the significance of the direction appears to have weak relationship.
The correlation between Palred Technologies' Current Deferred Revenue and Net Receivables is 0.37. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Palred Technologies Limited, assuming nothing else is changed. The correlation between historical values of Palred Technologies' Current Deferred Revenue and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Palred Technologies Limited are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Current Deferred Revenue i.e., Palred Technologies' Current Deferred Revenue and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.37
Relationship DirectionPositive 
Relationship StrengthVery Weak

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Net Receivables

Most indicators from Palred Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Palred Technologies 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Palred Technologies 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 income.
Selling General Administrative is likely to drop to about 7.4 M in 2024. Issuance Of Capital Stock is expected to grow at the current pace this year
 2021 2022 2023 2024 (projected)
Gross Profit278.9M302.5M266.1M477.7M
Total Revenue1.3B1.5B1.2B764.8M

Palred Technologies fundamental ratios Correlations

0.530.670.630.890.860.330.760.750.690.880.73-0.140.8-0.080.750.340.610.80.30.090.760.58-0.280.86-0.1
0.530.160.850.120.750.89-0.130.1-0.030.230.48-0.190.850.060.430.620.340.840.620.740.020.15-0.160.190.65
0.670.160.340.610.63-0.010.670.830.750.840.51-0.530.52-0.360.660.050.350.54-0.31-0.20.460.16-0.640.83-0.35
0.630.850.340.320.730.850.070.210.210.360.45-0.240.79-0.040.340.740.430.920.50.780.110.3-0.250.330.66
0.890.120.610.320.56-0.030.920.710.760.830.560.10.45-0.010.570.090.580.490.15-0.190.930.58-0.090.84-0.37
0.860.750.630.730.560.560.410.650.440.730.7-0.370.94-0.180.80.480.470.90.290.260.420.45-0.420.690.13
0.330.89-0.010.85-0.030.56-0.31-0.15-0.3-0.020.35-0.050.660.130.240.640.090.770.640.88-0.110.150.04-0.070.85
0.76-0.130.670.070.920.41-0.310.820.830.860.52-0.050.3-0.20.57-0.150.420.29-0.16-0.490.840.56-0.240.88-0.64
0.750.10.830.210.710.65-0.150.820.850.960.7-0.550.57-0.40.810.010.330.5-0.37-0.430.570.41-0.680.96-0.57
0.69-0.030.750.210.760.44-0.30.830.850.880.42-0.40.37-0.320.440.070.580.35-0.32-0.330.570.27-0.60.9-0.52
0.880.230.840.360.830.73-0.020.860.960.880.72-0.440.67-0.330.80.10.510.62-0.19-0.270.680.46-0.591.0-0.45
0.730.480.510.450.560.70.350.520.70.420.72-0.320.72-0.180.890.160.050.720.05-0.010.480.37-0.370.7-0.13
-0.14-0.19-0.53-0.240.1-0.37-0.05-0.05-0.55-0.4-0.44-0.32-0.440.55-0.41-0.12-0.04-0.360.630.050.290.150.97-0.430.11
0.80.850.520.790.450.940.660.30.570.370.670.72-0.44-0.150.760.490.450.930.320.380.310.37-0.470.630.25
-0.080.06-0.36-0.04-0.01-0.180.13-0.2-0.4-0.32-0.33-0.180.55-0.15-0.250.080.01-0.130.490.210.16-0.090.56-0.330.27
0.750.430.660.340.570.80.240.570.810.440.80.89-0.410.76-0.250.040.150.68-0.07-0.190.520.39-0.460.77-0.28
0.340.620.050.740.090.480.64-0.150.010.070.10.16-0.120.490.080.040.350.60.470.65-0.040.26-0.110.080.57
0.610.340.350.430.580.470.090.420.330.580.510.05-0.040.450.010.150.350.40.270.190.440.26-0.170.51-0.02
0.80.840.540.920.490.90.770.290.50.350.620.72-0.360.93-0.130.680.60.40.360.530.30.39-0.380.580.39
0.30.62-0.310.50.150.290.64-0.16-0.37-0.32-0.190.050.630.320.49-0.070.470.270.360.630.210.30.63-0.210.63
0.090.74-0.20.78-0.190.260.88-0.49-0.43-0.33-0.27-0.010.050.380.21-0.190.650.190.530.63-0.29-0.090.13-0.30.95
0.760.020.460.110.930.42-0.110.840.570.570.680.480.290.310.160.52-0.040.440.30.21-0.290.470.130.69-0.45
0.580.150.160.30.580.450.150.560.410.270.460.370.150.37-0.090.390.260.260.390.3-0.090.470.080.45-0.1
-0.28-0.16-0.64-0.25-0.09-0.420.04-0.24-0.68-0.6-0.59-0.370.97-0.470.56-0.46-0.11-0.17-0.380.630.130.130.08-0.590.23
0.860.190.830.330.840.69-0.070.880.960.91.00.7-0.430.63-0.330.770.080.510.58-0.21-0.30.690.45-0.59-0.48
-0.10.65-0.350.66-0.370.130.85-0.64-0.57-0.52-0.45-0.130.110.250.27-0.280.57-0.020.390.630.95-0.45-0.10.23-0.48
Click cells to compare fundamentals

Palred Technologies Account Relationship Matchups

Palred Technologies fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets481.8M674.9M756.1M1.3B1.3B981.8M
Short Long Term Debt Total156.1M301.1M335.5M604.6M662.1M339.4M
Other Current Liab164.0M48.8M394.5K2.6M44.8M89.4M
Total Current Liabilities191.4M350.1M348.7M628.8M698.0M732.9M
Total Stockholder Equity269.9M293.0M358.2M597.6M562.9M641.8M
Property Plant And Equipment Net22.1M25.0M23.0M68.8M40.5M30.4M
Net Debt100.6M292.6M332.8M599.9M653.3M686.0M
Retained Earnings(646.2M)(621.7M)(558.8M)(640.0M)(541.9M)(514.8M)
Accounts Payable27.5M18.1M5.6M2.2M151K143.5K
Cash39.6M8.5M2.8M4.7M8.8M8.4M
Non Current Assets Total57.1M63.3M63.3M114.4M90.3M85.8M
Non Currrent Assets Other(22.8M)34.3M(1.0)38.7M559.6M391.6M
Cash And Short Term Investments183.9M183.6M241.9M496.8M525.0M349.3M
Net Receivables93.1M171.5M228.5M295.6M270.1M159.3M
Liabilities And Stockholders Equity481.8M674.9M756.1M1.3B1.3B981.8M
Non Current Liabilities Total5.0M7.1M24.2M54.5M27.1M25.7M
Other Current Assets29.8M111.7M4.3M110.5M80.3M84.3M
Other Stockholder Equity672.0M837.5M416.4M967.0M834.5M584.4M
Total Liab196.4M357.3M372.8M683.2M725.1M761.4M
Total Current Assets424.7M611.6M692.9M1.2B1.2B689.6M
Accumulated Other Comprehensive Income(22.8M)145.3M147.6M148.3M147.9M155.3M
Short Term Investments144.2M175.1M239.2M492.1M516.2M361.7M
Inventory118.0M148.3M218.1M297.1M326.6M342.9M
Intangible Assets742.4K626.9K557.8K471K325K308.8K
Other Liab5.0M7.1M7.4M4.5M5.2M4.7M
Net Tangible Assets269.1M292.4M357.6M597.2M686.8M393.8M
Other Assets34.3M37.7M39.7M38.7M44.5M37.5M
Property Plant Equipment22.1M25.0M23.0M68.8M79.1M83.0M
Cash And Equivalents39.6M8.5M2.8M4.7M4.2M4.0M
Net Invested Capital390.8M571.7M672.9M1.1B1.2B742.5M
Short Long Term Debt120.9M278.7M314.7M549.2M634.0M665.7M
Net Working Capital233.3M261.5M344.2M558.7M503.9M405.4M

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