Risuntek Cash vs Accounts Payable Analysis

002981 Stock   28.40  1.52  5.65%   
Risuntek financial indicator trend analysis is much more than just breaking down Risuntek prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Risuntek is a good investment. Please check the relationship between Risuntek Cash and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Risuntek. 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.

Cash vs Accounts Payable

Cash vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Risuntek Cash account and Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Risuntek's Cash and Accounts Payable is 0.81. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Risuntek, assuming nothing else is changed. The correlation between historical values of Risuntek's Cash and Accounts Payable 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 Risuntek are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Cash i.e., Risuntek's Cash and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.81
Relationship DirectionPositive 
Relationship StrengthStrong

Cash

Cash refers to the most liquid asset of Risuntek, which is listed under current asset account on Risuntek balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Risuntek customers. The amounts must be unrestricted with restricted cash listed in a different Risuntek 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.

Accounts Payable

An accounting item on the balance sheet that represents Risuntek obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Risuntek are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Risuntek's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Risuntek 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 Risuntek. 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 Tax Provision is expected to grow to about 13.2 M, whereas Selling General Administrative is forecasted to decline to about 36.5 M.
 2021 2022 2023 2024 (projected)
Gross Profit106.3M244.4M342.6M197.7M
Total Revenue1.3B1.4B1.4B1.0B

Risuntek fundamental ratios Correlations

0.390.980.980.950.90.940.930.970.890.90.980.78-0.960.97-0.720.890.960.990.950.910.650.860.990.350.94
0.390.430.250.170.170.280.460.40.240.260.470.03-0.290.53-0.060.480.350.40.20.22-0.040.060.310.060.17
0.980.430.930.90.830.980.880.950.890.890.970.83-0.930.99-0.680.890.940.960.880.890.740.770.940.240.88
0.980.250.930.990.940.910.940.930.860.890.950.8-0.970.91-0.710.870.970.970.960.890.660.880.990.460.95
0.950.170.90.990.920.910.920.870.80.880.930.84-0.950.86-0.670.870.970.920.920.840.730.830.960.520.92
0.90.170.830.940.920.840.840.830.780.940.890.72-0.840.82-0.840.70.920.910.850.80.530.820.890.460.85
0.940.280.980.910.910.840.810.890.850.910.940.92-0.90.94-0.710.830.920.920.840.860.840.730.90.220.84
0.930.460.880.940.920.840.810.860.760.790.940.66-0.950.88-0.560.950.950.910.880.810.540.760.950.580.88
0.970.40.950.930.870.830.890.860.920.810.910.72-0.910.96-0.690.810.870.950.950.930.590.90.950.160.94
0.890.240.890.860.80.780.850.760.920.770.840.73-0.890.89-0.820.740.80.870.870.990.620.870.890.010.92
0.90.260.890.890.880.940.910.790.810.770.920.76-0.810.86-0.810.720.930.920.770.790.620.70.860.380.78
0.980.470.970.950.930.890.940.940.910.840.920.79-0.940.96-0.720.910.980.960.860.860.660.740.950.40.86
0.780.030.830.80.840.720.920.660.720.730.760.79-0.80.75-0.630.70.790.720.710.740.960.60.750.150.71
-0.96-0.29-0.93-0.97-0.95-0.84-0.9-0.95-0.91-0.89-0.81-0.94-0.8-0.920.64-0.94-0.95-0.93-0.94-0.93-0.71-0.85-0.98-0.4-0.95
0.970.530.990.910.860.820.940.880.960.890.860.960.75-0.92-0.680.880.920.970.880.890.640.780.940.210.87
-0.72-0.06-0.68-0.71-0.67-0.84-0.71-0.56-0.69-0.82-0.81-0.72-0.630.64-0.68-0.42-0.69-0.72-0.62-0.8-0.43-0.69-0.68-0.03-0.69
0.890.480.890.870.870.70.830.950.810.740.720.910.7-0.940.88-0.420.910.860.830.790.670.660.910.50.83
0.960.350.940.970.970.920.920.950.870.80.930.980.79-0.950.92-0.690.910.960.870.840.680.760.960.530.87
0.990.40.960.970.920.910.920.910.950.870.920.960.72-0.930.97-0.720.860.960.930.890.590.860.970.370.92
0.950.20.880.960.920.850.840.880.950.870.770.860.71-0.940.88-0.620.830.870.930.90.60.960.970.350.99
0.910.220.890.890.840.80.860.810.930.990.790.860.74-0.930.89-0.80.790.840.890.90.630.890.920.110.95
0.65-0.040.740.660.730.530.840.540.590.620.620.660.96-0.710.64-0.430.670.680.590.60.630.460.630.10.6
0.860.060.770.880.830.820.730.760.90.870.70.740.6-0.850.78-0.690.660.760.860.960.890.460.90.230.97
0.990.310.940.990.960.890.90.950.950.890.860.950.75-0.980.94-0.680.910.960.970.970.920.630.90.420.97
0.350.060.240.460.520.460.220.580.160.010.380.40.15-0.40.21-0.030.50.530.370.350.110.10.230.420.32
0.940.170.880.950.920.850.840.880.940.920.780.860.71-0.950.87-0.690.830.870.920.990.950.60.970.970.32
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Risuntek Account Relationship Matchups

Risuntek fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets755.0M1.2B1.4B1.6B1.5B1.1B
Other Current Liab10.7M8.3M7.0M82.6M1.4M1.3M
Total Current Liabilities310.9M398.1M591.2M609.6M477.2M388.0M
Total Stockholder Equity443.7M835.7M789.2M796.6M900.5M645.6M
Net Tangible Assets395.1M766.8M720.9M605.4M696.2M530.5M
Retained Earnings251.7M287.6M241.2M271.1M362.4M243.1M
Accounts Payable267.4M286.4M489.7M372.1M330.4M283.7M
Cash66.2M250.5M167.7M263.2M187.4M158.3M
Non Current Assets Total193.8M371.6M612.5M748.2M795.3M420.2M
Other Assets4.3M12.0M23.0M73.0M83.9M88.1M
Net Receivables333.2M293.8M304.3M313.9M306.8M281.6M
Non Current Liabilities Total400K2.7M4.5M151.6M75.6M79.4M
Inventory152.7M206.2M219.8M264.6M194.2M184.3M
Other Current Assets9.2M12.6M29.4M10.8M12.4M12.3M
Other Stockholder Equity(624.5K)(450.9K)(5.7M)(5.8M)(5.2M)(4.9M)
Total Liab311.3M400.8M595.7M761.1M552.8M420.3M
Deferred Long Term Liab1.4M1.3M1.5M1.4M1.2M1.2M
Total Current Assets561.2M864.9M772.4M860.2M708.8M659.7M
Intangible Assets48.6M68.9M68.3M92.2M88.4M56.2M
Property Plant Equipment133.2M279.8M471.1M473.1M544.0M571.2M
Non Currrent Assets Other7.7M18.3M51.5M8.9M8.7M15.3M
Net Invested Capital462.9M925.7M866.3M979.1M1.0B779.4M
Net Working Capital250.3M466.9M181.2M250.6M231.6M211.1M

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Other Information on Investing in Risuntek Stock

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