Standard Retained Earnings vs Other Current Assets Analysis

STAN Stock   972.40  7.00  0.71%   
Standard Chartered financial indicator trend analysis is much more than just breaking down Standard Chartered PLC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Standard Chartered PLC is a good investment. Please check the relationship between Standard Chartered Retained Earnings and its Other Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Standard Chartered PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Retained Earnings vs Other Current Assets

Retained Earnings vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Standard Chartered PLC Retained Earnings account and Other Current Assets. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Standard Chartered's Retained Earnings and Other Current Assets is 0.13. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Standard Chartered PLC, assuming nothing else is changed. The correlation between historical values of Standard Chartered's Retained Earnings 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 Retained Earnings of Standard Chartered PLC 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 Retained Earnings i.e., Standard Chartered's Retained Earnings and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.13
Relationship DirectionPositive 
Relationship StrengthInsignificant

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.

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 Standard Chartered's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Standard Chartered PLC 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Standard Chartered PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Selling General Administrative is likely to gain to about 1.8 B in 2024, whereas Tax Provision is likely to drop slightly above 1.3 B in 2024.
 2021 2022 2023 2024 (projected)
Depreciation And Amortization1.2B1.2B1.1B1.1B
Income Tax Expense1.0B1.4B1.6B853.5M

Standard Chartered fundamental ratios Correlations

0.780.950.420.250.560.33-0.20.650.43-0.40.110.350.690.640.480.14-0.040.840.50.060.940.410.790.690.93
0.780.620.210.620.42-0.02-0.380.460.3-0.4-0.110.420.460.440.35-0.180.320.640.760.220.680.260.30.440.76
0.950.620.610.040.650.480.020.770.56-0.230.230.290.790.720.60.25-0.010.90.460.160.960.240.920.830.9
0.420.210.61-0.410.740.680.550.770.80.260.560.210.750.820.810.260.380.720.480.390.48-0.40.670.840.44
0.250.620.04-0.41-0.44-0.69-0.86-0.16-0.5-0.42-0.540.6-0.17-0.13-0.47-0.120.03-0.020.210.070.120.41-0.21-0.30.26
0.560.420.650.74-0.440.70.570.730.940.070.46-0.190.720.660.96-0.090.390.750.650.260.63-0.240.560.870.55
0.33-0.020.480.68-0.690.70.760.610.740.290.72-0.340.640.560.740.220.10.570.25-0.050.36-0.120.580.710.32
-0.2-0.380.020.55-0.860.570.760.350.620.480.67-0.630.310.240.610.010.320.180.120.19-0.04-0.590.140.44-0.17
0.650.460.770.77-0.160.730.610.350.820.310.50.210.960.860.820.090.340.940.650.350.70.00.70.910.78
0.430.30.560.8-0.50.940.740.620.820.370.53-0.10.810.730.99-0.010.430.770.650.270.49-0.230.520.880.53
-0.4-0.4-0.230.26-0.420.070.290.480.310.370.23-0.080.290.090.310.190.30.10.080.22-0.3-0.29-0.080.22-0.11
0.11-0.110.230.56-0.540.460.720.670.50.530.23-0.270.560.50.51-0.130.330.40.270.260.19-0.290.30.450.16
0.350.420.290.210.6-0.19-0.34-0.630.21-0.1-0.08-0.270.230.43-0.10.34-0.030.280.160.110.190.280.270.070.4
0.690.460.790.75-0.170.720.640.310.960.810.290.560.230.840.80.120.330.960.650.350.730.050.730.90.83
0.640.440.720.82-0.130.660.560.240.860.730.090.50.430.840.720.230.170.830.50.160.570.070.720.760.68
0.480.350.60.81-0.470.960.740.610.820.990.310.51-0.10.80.720.00.420.780.650.260.54-0.230.550.90.55
0.14-0.180.250.26-0.12-0.090.220.010.09-0.010.19-0.130.340.120.230.0-0.410.13-0.35-0.310.040.250.440.130.11
-0.040.32-0.010.380.030.390.10.320.340.430.30.33-0.030.330.170.42-0.410.270.790.830.11-0.67-0.230.30.13
0.840.640.90.72-0.020.750.570.180.940.770.10.40.280.960.830.780.130.270.690.30.860.120.790.930.92
0.50.760.460.480.210.650.250.120.650.650.080.270.160.650.50.65-0.350.790.690.610.55-0.230.170.630.64
0.060.220.160.390.070.26-0.050.190.350.270.220.260.110.350.160.26-0.310.830.30.610.3-0.70.00.320.21
0.940.680.960.480.120.630.36-0.040.70.49-0.30.190.190.730.570.540.040.110.860.550.30.170.80.770.9
0.410.260.24-0.40.41-0.24-0.12-0.590.0-0.23-0.29-0.290.280.050.07-0.230.25-0.670.12-0.23-0.70.170.21-0.110.38
0.790.30.920.67-0.210.560.580.140.70.52-0.080.30.270.730.720.550.44-0.230.790.170.00.80.210.790.73
0.690.440.830.84-0.30.870.710.440.910.880.220.450.070.90.760.90.130.30.930.630.320.77-0.110.790.75
0.930.760.90.440.260.550.32-0.170.780.53-0.110.160.40.830.680.550.110.130.920.640.210.90.380.730.75
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Standard Chartered Account Relationship Matchups

Standard Chartered fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets720.4B789.1B827.8B819.9B822.8B864.0B
Short Long Term Debt Total85.9B80.6B92.0B91.7B93.0B97.7B
Total Stockholder Equity50.3B50.4B52.3B49.7B50.0B52.5B
Property Plant And Equipment Net6.2B6.5B5.6B5.5B2.3B3.7B
Net Debt33.2B13.9B19.3B33.4B23.1B24.3B
Cash52.7B66.7B72.7B58.3B69.9B73.4B
Non Current Assets Total250.6B366.7B290.3B304.5B299.5B172.4B
Non Currrent Assets Other(250.6B)(366.7B)(290.3B)(304.5B)(299.5B)(284.5B)
Other Assets410.1B355.7B464.8B457.2B453.4B231.0B
Cash And Short Term Investments52.7B66.7B72.7B58.3B69.9B35.1B
Common Stock Shares Outstanding3.3B3.3B3.2B3.2B3.0B2.6B
Liabilities And Stockholders Equity720.4B789.1B827.8B819.9B822.8B864.0B
Non Current Liabilities Total85.9B80.6B92.0B769.9B93.0B88.4B
Other Stockholder Equity22.7B22.7B23.5B20.2B4.0B3.8B
Total Liab509.7B543.4B576.9B645.4B610.3B315.5B
Property Plant And Equipment Gross6.2B6.5B9.0B8.7B4.4B3.9B
Total Current Assets59.6B66.7B72.7B58.3B69.9B45.4B
Other Current Assets649.2B432.3B464.8B28.6B(3.0B)(2.9B)
Other Liab8.8B9.5B9.6B8.9B8.0B7.6B
Retained Earnings26.1B26.1B27.2B28.1B28.5B20.2B
Long Term Debt37.9B36.7B43.1B56.5B64.9B46.8B
Good Will3.1B2.6B2.6B2.5B2.4B3.2B
Intangible Assets2.2B2.4B2.9B3.4B3.8B1.9B
Common Stock1.6B1.6B1.5B1.4B1.3B1.4B
Property Plant Equipment6.2B6.5B5.6B5.5B6.4B4.9B
Accounts Payable441.9B479.7B515.3B503.2B578.7B408.5B
Common Stock Total Equity1.6B1.7B1.6B1.6B1.8B1.5B
Total Current Liabilities5.4B4.6B4.7B6.0B7.1B6.0B
Net Receivables6.9B808M766M503M452.7M430.1M
Other Current Liab37.8B43.2B41.9B43.5B7.1B6.7B
Net Tangible Assets43.6B43.8B45.3B42.3B48.6B47.7B
Inventory37M23.2M11.8M14.9M13.4M25.1M
Long Term Investments305.7B278.4B279.3B293.1B291.0B241.9B

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