Quess Current Deferred Revenue vs Other Current Assets Analysis

QUESS Stock   651.60  3.55  0.55%   
Quess Corp financial indicator trend analysis is much more than just breaking down Quess Corp Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quess Corp Limited is a good investment. Please check the relationship between Quess Corp Current Deferred Revenue and its Other Current Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quess Corp 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 state.

Current Deferred Revenue vs Other Current Assets

Current Deferred Revenue vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Quess Corp Limited Current Deferred Revenue account and Other Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Quess Corp's Current Deferred Revenue and Other Current Assets is -0.06. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Quess Corp Limited, assuming nothing else is changed. The correlation between historical values of Quess Corp's Current Deferred Revenue 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 Current Deferred Revenue of Quess Corp Limited 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 Current Deferred Revenue i.e., Quess Corp's Current Deferred Revenue and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.06
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

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 Quess Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quess Corp Limited 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 Quess Corp 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 state.
As of the 27th of November 2024, Selling General Administrative is likely to grow to about 1.1 B, while Tax Provision is likely to drop about 140.7 M.
 2021 2022 2023 2024 (projected)
Gross Profit26.0B20.2B17.8B12.4B
Total Revenue136.9B171.6B191.0B200.6B

Quess Corp fundamental ratios Correlations

0.890.610.990.990.870.390.790.920.920.940.990.970.890.980.970.970.960.820.460.970.991.00.850.790.92
0.890.360.890.870.750.570.960.770.920.960.890.880.940.830.860.870.920.780.310.880.910.890.980.770.89
0.610.360.640.550.85-0.340.290.510.350.390.570.550.350.70.510.660.540.430.540.490.630.640.250.20.47
0.990.890.640.950.890.290.820.880.880.90.960.950.860.990.930.930.930.790.520.921.00.990.840.720.9
0.990.870.550.950.830.460.740.950.940.941.00.970.90.960.990.970.950.810.40.990.960.970.830.850.9
0.870.750.850.890.830.070.660.710.720.770.850.820.680.90.790.910.830.760.570.80.890.890.680.530.75
0.390.57-0.340.290.460.070.470.410.650.620.450.420.590.240.50.390.50.47-0.060.530.340.330.630.60.51
0.790.960.290.820.740.660.470.630.820.860.770.760.870.740.740.750.820.710.290.750.830.790.960.660.83
0.920.770.510.880.950.710.410.630.90.850.940.950.840.890.950.880.870.650.320.920.890.90.720.830.87
0.920.920.350.880.940.720.650.820.90.950.940.920.910.850.940.890.910.80.350.950.90.890.920.870.92
0.940.960.390.90.940.770.620.860.850.950.950.940.950.870.920.920.960.790.30.950.930.920.950.820.9
0.990.890.570.961.00.850.450.770.940.940.950.980.90.960.980.970.960.830.40.990.970.980.850.830.9
0.970.880.550.950.970.820.420.760.950.920.940.980.920.940.960.930.940.70.330.960.960.960.840.830.89
0.890.940.350.860.90.680.590.870.840.910.950.90.920.820.910.870.910.670.170.920.880.870.920.890.87
0.980.830.70.990.960.90.240.740.890.850.870.960.940.820.930.940.930.790.520.930.990.990.770.690.87
0.970.860.510.930.990.790.50.740.950.940.920.980.960.910.930.960.930.810.380.990.940.950.830.890.91
0.970.870.660.930.970.910.390.750.880.890.920.970.930.870.940.960.950.850.410.960.950.950.820.780.88
0.960.920.540.930.950.830.50.820.870.910.960.960.940.910.930.930.950.820.390.940.960.950.870.730.93
0.820.780.430.790.810.760.470.710.650.80.790.830.70.670.790.810.850.820.470.830.810.80.760.630.76
0.460.310.540.520.40.57-0.060.290.320.350.30.40.330.170.520.380.410.390.470.360.50.510.290.080.54
0.970.880.490.920.990.80.530.750.920.950.950.990.960.920.930.990.960.940.830.360.940.950.850.890.89
0.990.910.631.00.960.890.340.830.890.90.930.970.960.880.990.940.950.960.810.50.941.00.860.730.92
1.00.890.640.990.970.890.330.790.90.890.920.980.960.870.990.950.950.950.80.510.951.00.830.750.91
0.850.980.250.840.830.680.630.960.720.920.950.850.840.920.770.830.820.870.760.290.850.860.830.780.86
0.790.770.20.720.850.530.60.660.830.870.820.830.830.890.690.890.780.730.630.080.890.730.750.780.73
0.920.890.470.90.90.750.510.830.870.920.90.90.890.870.870.910.880.930.760.540.890.920.910.860.73
Click cells to compare fundamentals

Quess Corp Account Relationship Matchups

Quess Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets53.2B47.2B53.7B61.2B62.6B36.3B
Short Long Term Debt Total14.7B7.9B9.1B10.1B8.4B7.8B
Other Current Liab155.0M8.9B9.5B18.0B18.8B19.7B
Total Current Liabilities22.8B16.4B23.2B27.7B26.3B15.4B
Total Stockholder Equity22.8B23.4B24.4B25.7B28.0B16.3B
Property Plant And Equipment Net5.1B4.3B5.0B6.5B6.2B6.5B
Current Deferred Revenue9.7B9.5B969.6M1.1B984.5M935.3M
Net Debt7.6B3.1B5.0B5.7B3.2B4.0B
Retained Earnings3.8B4.5B5.3B5.7B7.8B4.1B
Accounts Payable1.6B1.2B1.2B1.2B1.2B973.5M
Cash7.1B4.9B4.1B4.4B5.2B3.6B
Non Current Assets Total24.3B21.3B22.5B26.1B26.8B17.1B
Non Currrent Assets Other6.8B4.7B5.5B7.2B8.9B4.8B
Cash And Short Term Investments7.5B5.4B5.2B6.3B6.0B5.0B
Net Receivables19.4B18.0B23.3B26.9B27.7B14.5B
Good Will8.4B9.9B10.1B10.4B10.0B6.7B
Common Stock Shares Outstanding146.9M149.4M149.1M149.2M149.3M148.1M
Liabilities And Stockholders Equity53.2B47.2B53.7B61.2B62.6B39.0B
Non Current Liabilities Total6.8B6.4B4.8B6.2B6.6B4.3B
Inventory283.8M290.3M274.8M281.6M71.3M135.2M
Other Current Assets1.1B2.2B2.4B1.8B2.0B1.2B
Other Stockholder Equity17.0B17.5B17.0B17.0B17.2B11.2B
Total Liab29.7B22.8B28.0B33.9B32.9B19.4B
Total Current Assets28.9B25.9B31.2B35.1B35.8B20.5B
Accumulated Other Comprehensive Income500.7M488.8M644.8M1.5B1.5B1.6B
Short Term Debt11.4B5.6B6.7B6.6B5.1B5.4B
Intangible Assets1.4B1.2B1.6B1.3B1.0B1.0B
Common Stock1.5B1.5B1.5B1.5B1.5B1.2B
Other Liab3.2B3.5B4.1B2.4B2.8B2.3B
Net Tangible Assets12.9B13.0B12.4B12.6B14.5B8.1B
Other Assets8.5B5.9B5.7B1.4B(80.1M)(76.1M)
Long Term Debt1.1B543.1M236.8M94.7M17.6M16.7M
Short Long Term Debt10.3B4.0B5.6B5.2B3.7B4.9B
Property Plant Equipment5.1B4.3B5.0B6.5B7.4B7.8B
Short Term Investments414.0M563.8M1.1B2.0B605.4M575.1M
Long Term Debt Total3.3B2.3B2.4B3.5B4.0B2.7B
Capital Lease Obligations3.3B2.8B3.3B4.8B4.7B2.7B

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Other Information on Investing in Quess Stock

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