Renrenle Net Receivables vs Net Debt Analysis

002336 Stock

6.65 0.32 5.06%

Renrenle Commercial financial indicator trend analysis is much more than just breaking down Renrenle Commercial prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Renrenle Commercial is a good investment. Please check the relationship between Renrenle Commercial Net Receivables and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Renrenle Commercial Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Net Receivables vs Net Debt

Net Receivables vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Renrenle Commercial Net Receivables account and Net Debt. At this time, the significance of the direction appears to have pay attention.

The correlation between Renrenle Commercial's Net Receivables and Net Debt is -0.77. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Net Debt in the same time period over historical financial statements of Renrenle Commercial Group, assuming nothing else is changed. The correlation between historical values of Renrenle Commercial's Net Receivables and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Renrenle Commercial Group are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Receivables i.e., Renrenle Commercial's Net Receivables and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.77

Relationship Direction	Negative
Relationship Strength	Weak

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Net Receivables

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Renrenle Commercial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Renrenle Commercial 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 Renrenle Commercial Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

The current year's Selling General Administrative is expected to grow to about 1.9 B, whereas Tax Provision is forecasted to decline to about 198.2 K.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	15.3M	13.5M	12.1M	11.5M
Gross Profit	1.2B	1.0B	793.9M	1.3B

Other Operating Expenses Gross Profit

Renrenle Commercial fundamental ratios Correlations

	Total Assets	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	Other Assets	Cash And Short Term Investments	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Current Deferred Revenue	Short Term Debt	Non Current Liabilities Total
Total Assets		0.59	0.93	0.73	0.01	-0.42	0.34	0.86	0.68	0.17	0.65	0.57	0.74	0.71	0.67	0.69	0.73	0.62	0.79	0.88	0.52	-0.01	-0.18	0.01	-0.41	-0.13
Other Current Liab	0.59		0.69	0.81	-0.43	-0.76	0.65	0.82	0.63	-0.2	0.89	0.8	0.58	0.6	0.69	0.81	0.4	0.01	0.74	0.65	0.06	-0.54	-0.73	-0.72	-0.72	-0.69
Total Current Liabilities	0.93	0.69		0.71	-0.08	-0.48	0.28	0.86	0.62	0.14	0.62	0.6	0.63	0.6	0.72	0.71	0.81	0.53	0.74	0.95	0.6	-0.07	-0.31	-0.07	-0.37	-0.28
Total Stockholder Equity	0.73	0.81	0.71		-0.5	-0.9	0.84	0.91	0.91	-0.34	0.9	0.81	0.91	0.87	0.88	0.81	0.38	0.04	0.98	0.65	0.05	-0.67	-0.77	-0.36	-0.78	-0.72
Property Plant And Equipment Net	0.01	-0.43	-0.08	-0.5		0.79	-0.75	-0.37	-0.58	0.95	-0.53	-0.47	-0.46	-0.45	-0.25	-0.41	0.38	0.78	-0.44	0.01	0.58	0.84	0.82	0.54	0.69	0.85
Net Debt	-0.42	-0.76	-0.48	-0.9	0.79		-0.92	-0.76	-0.87	0.67	-0.83	-0.75	-0.81	-0.77	-0.73	-0.73	-0.08	0.37	-0.85	-0.41	0.24	0.89	0.94	0.5	0.83	0.93
Retained Earnings	0.34	0.65	0.28	0.84	-0.75	-0.92		0.69	0.82	-0.69	0.81	0.71	0.8	0.75	0.62	0.7	-0.17	-0.4	0.81	0.23	-0.49	-0.89	-0.85	-0.5	-0.89	-0.81
Accounts Payable	0.86	0.82	0.86	0.91	-0.37	-0.76	0.69		0.86	-0.2	0.86	0.79	0.85	0.82	0.76	0.89	0.48	0.25	0.93	0.84	0.18	-0.43	-0.58	-0.32	-0.7	-0.53
Cash	0.68	0.63	0.62	0.91	-0.58	-0.87	0.82	0.86		-0.5	0.84	0.68	0.98	0.94	0.67	0.75	0.24	-0.02	0.95	0.56	-0.02	-0.61	-0.66	-0.21	-0.71	-0.64
Non Current Assets Total	0.17	-0.2	0.14	-0.34	0.95	0.67	-0.69	-0.2	-0.5		-0.36	-0.29	-0.39	-0.37	-0.08	-0.26	0.58	0.84	-0.31	0.22	0.72	0.79	0.69	0.39	0.6	0.73
Non Currrent Assets Other	0.65	0.89	0.62	0.9	-0.53	-0.83	0.81	0.86	0.84	-0.36		0.82	0.8	0.86	0.67	0.78	0.28	-0.03	0.87	0.56	-0.04	-0.62	-0.71	-0.63	-0.73	-0.68
Other Assets	0.57	0.8	0.6	0.81	-0.47	-0.75	0.71	0.79	0.68	-0.29	0.82		0.64	0.61	0.68	0.83	0.27	-0.03	0.77	0.57	-0.01	-0.58	-0.69	-0.54	-0.68	-0.65
Cash And Short Term Investments	0.74	0.58	0.63	0.91	-0.46	-0.81	0.8	0.85	0.98	-0.39	0.8	0.64		0.95	0.69	0.73	0.26	0.1	0.96	0.57	0.01	-0.54	-0.57	-0.12	-0.69	-0.53
Net Receivables	0.71	0.6	0.6	0.87	-0.45	-0.77	0.75	0.82	0.94	-0.37	0.86	0.61	0.95		0.63	0.62	0.27	0.09	0.91	0.54	0.04	-0.5	-0.54	-0.21	-0.6	-0.51
Inventory	0.67	0.69	0.72	0.88	-0.25	-0.73	0.62	0.76	0.67	-0.08	0.67	0.68	0.69	0.63		0.64	0.55	0.18	0.84	0.67	0.26	-0.55	-0.67	-0.16	-0.57	-0.62
Other Current Assets	0.69	0.81	0.71	0.81	-0.41	-0.73	0.7	0.89	0.75	-0.26	0.78	0.83	0.73	0.62	0.64		0.3	0.12	0.83	0.68	0.01	-0.49	-0.61	-0.4	-0.74	-0.56
Other Stockholder Equity	0.73	0.4	0.81	0.38	0.38	-0.08	-0.17	0.48	0.24	0.58	0.28	0.27	0.26	0.27	0.55	0.3		0.74	0.39	0.79	0.92	0.28	0.04	0.14	0.09	0.06
Total Liab	0.62	0.01	0.53	0.04	0.78	0.37	-0.4	0.25	-0.02	0.84	-0.03	-0.03	0.1	0.09	0.18	0.12	0.74		0.14	0.58	0.8	0.67	0.55	0.47	0.33	0.6
Total Current Assets	0.79	0.74	0.74	0.98	-0.44	-0.85	0.81	0.93	0.95	-0.31	0.87	0.77	0.96	0.91	0.84	0.83	0.39	0.14		0.69	0.09	-0.59	-0.67	-0.23	-0.73	-0.62
Intangible Assets	0.88	0.65	0.95	0.65	0.01	-0.41	0.23	0.84	0.56	0.22	0.56	0.57	0.57	0.54	0.67	0.68	0.79	0.58	0.69		0.6	-0.03	-0.24	-0.03	-0.31	-0.21
Common Stock	0.52	0.06	0.6	0.05	0.58	0.24	-0.49	0.18	-0.02	0.72	-0.04	-0.01	0.01	0.04	0.26	0.01	0.92	0.8	0.09	0.6		0.56	0.35	0.4	0.46	0.34
Property Plant Equipment	-0.01	-0.54	-0.07	-0.67	0.84	0.89	-0.89	-0.43	-0.61	0.79	-0.62	-0.58	-0.54	-0.5	-0.55	-0.49	0.28	0.67	-0.59	-0.03	0.56		0.95	0.53	0.75	0.94
Short Long Term Debt Total	-0.18	-0.73	-0.31	-0.77	0.82	0.94	-0.85	-0.58	-0.66	0.69	-0.71	-0.69	-0.57	-0.54	-0.67	-0.61	0.04	0.55	-0.67	-0.24	0.35	0.95		0.61	0.78	0.99
Current Deferred Revenue	0.01	-0.72	-0.07	-0.36	0.54	0.5	-0.5	-0.32	-0.21	0.39	-0.63	-0.54	-0.12	-0.21	-0.16	-0.4	0.14	0.47	-0.23	-0.03	0.4	0.53	0.61		0.57	0.6
Short Term Debt	-0.41	-0.72	-0.37	-0.78	0.69	0.83	-0.89	-0.7	-0.71	0.6	-0.73	-0.68	-0.69	-0.6	-0.57	-0.74	0.09	0.33	-0.73	-0.31	0.46	0.75	0.78	0.57		0.72
Non Current Liabilities Total	-0.13	-0.69	-0.28	-0.72	0.85	0.93	-0.81	-0.53	-0.64	0.73	-0.68	-0.65	-0.53	-0.51	-0.62	-0.56	0.06	0.6	-0.62	-0.21	0.34	0.94	0.99	0.6	0.72

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Renrenle Commercial Account Relationship Matchups

Renrenle Commercial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.7B	4.7B	5.9B	4.9B	3.9B	5.6B
Other Current Liab	1.2B	187.5M	157.3M	426.6M	367.4M	349.0M
Total Current Liabilities	3.2B	3.2B	2.9B	2.8B	2.6B	3.3B
Total Stockholder Equity	1.4B	1.5B	617.8M	110.6M	(386.9M)	(367.6M)
Property Plant And Equipment Net	1.3B	1.1B	3.4B	2.8B	2.5B	1.4B
Net Debt	(328.2M)	(916.8M)	2.2B	1.9B	1.6B	1.7B
Retained Earnings	(1.6B)	(1.6B)	(2.5B)	(3.0B)	(3.5B)	(3.3B)
Accounts Payable	1.3B	1.3B	1.2B	1.0B	955.3M	1.2B
Cash	601.9M	1.1B	240.5M	285.1M	414.2M	393.5M
Non Current Assets Total	2.2B	1.6B	3.8B	3.4B	3.0B	2.1B
Non Currrent Assets Other	295.0M	8.6M	7.4M	85.6M	44.7M	42.4M
Cash And Short Term Investments	601.9M	1.1B	758.3M	435.5M	414.2M	393.5M
Net Receivables	369.1M	344.7M	168.6M	133.0M	77.8M	73.9M
Liabilities And Stockholders Equity	4.7B	4.7B	5.9B	4.9B	3.9B	5.6B
Inventory	1.5B	1.5B	1.1B	840.6M	346.4M	329.1M
Other Current Assets	113.1M	94.2M	38.9M	24.9M	58.8M	55.9M
Total Liab	3.3B	3.2B	5.2B	4.7B	4.3B	3.7B
Total Current Assets	2.6B	3.1B	2.1B	1.4B	897.3M	852.4M
Intangible Assets	91.7M	89.0M	81.3M	83.7M	81.1M	92.2M
Property Plant Equipment	1.3B	1.1B	3.4B	2.8B	3.3B	3.4B
Short Long Term Debt Total	273.6M	227.3M	2.4B	2.2B	2.1B	2.2B
Current Deferred Revenue	412.9M	1.5B	1.3B	978.6M	885.4M	801.3M
Short Term Debt	273.6M	227.3M	236.2M	331.2M	425.6M	226.6M
Non Current Liabilities Total	72.2M	51.6M	2.3B	2.0B	1.6B	1.7B
Other Liab	109.0M	72.2M	51.6M	123.8M	142.3M	83.5M
Short Term Investments	(359.4M)	(327.8M)	517.9M	150.4M	135.4M	81.3M
Net Tangible Assets	1.3B	1.4B	1.4B	536.5M	482.8M	458.7M
Deferred Long Term Liab	233.7M	220.5M	195.5M	133.3M	120.0M	174.0M
Non Current Liabilities Other	32.7M	13.1M	93.8M	69.5M	4.1M	3.9M
Net Invested Capital	1.7B	1.7B	617.8M	210.8M	(221.7M)	(210.6M)
Net Working Capital	(667.2M)	(130.3M)	(808.3M)	(1.3B)	(1.7B)	(1.6B)

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

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Renrenle Net Receivables vs Net Debt Analysis

Net Receivables vs Net Debt

Net Receivables vs Net Debt Correlation Analysis

Correlation Coefficient

Net Receivables

Net Debt

Renrenle Commercial fundamental ratios Correlations

Renrenle Commercial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Renrenle Commercial fundamental ratios Accounts

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Other Information on Investing in Renrenle Stock

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COMPANY

Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Total Current Assets	+ 0.98	Total Stockholder Equity
Cash And Short Term Investments	+ 0.98	Cash
Total Current Assets	+ 0.96	Cash And Short Term Investments
Intangible Assets	+ 0.95	Total Current Liabilities
Non Current Assets Total	+ 0.95	Property Plant And Equipment Net

Retained Earnings	- 0.92	Net Debt
Net Debt	- 0.9	Total Stockholder Equity
Short Term Debt	- 0.89	Retained Earnings
Property Plant Equipment	- 0.89	Retained Earnings
Cash	- 0.87	Net Debt
Short Long Term Debt Total	- 0.85	Retained Earnings