Westlake Retained Earnings vs Total Assets Analysis

0LVK Stock

128.64 0.20 0.16%

Westlake Chemical financial indicator trend analysis is more than just analyzing Westlake Chemical Corp current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Westlake Chemical Corp is a good investment. Please check the relationship between Westlake Chemical Retained Earnings and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Westlake Chemical Corp. 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.

For more information on how to buy Westlake Stock please use our How to Invest in Westlake Chemical guide.

Retained Earnings vs Total Assets

Retained Earnings vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Westlake Chemical Corp Retained Earnings account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Westlake Chemical's Retained Earnings and Total Assets is 0.98. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Assets in the same time period over historical financial statements of Westlake Chemical Corp, assuming nothing else is changed. The correlation between historical values of Westlake Chemical's Retained Earnings and Total 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 Westlake Chemical Corp are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Retained Earnings i.e., Westlake Chemical's Retained Earnings and Total Assets go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

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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.

Total Assets

Total assets refers to the total amount of Westlake Chemical assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Westlake Chemical Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Westlake Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Westlake Chemical Corp 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 Westlake Chemical Corp. 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.

For more information on how to buy Westlake Stock please use our How to Invest in Westlake Chemical guide.Tax Provision is likely to gain to about (35.9 M) in 2024. Selling General Administrative is likely to drop to about 450.2 M in 2024

	2021	2022	2023	2024 (projected)
Total Revenue	11.8B	15.8B	12.5B	8.6B
Depreciation And Amortization	840M	1.1B	1.1B	623.6M

Total Revenue Depreciation And Amortization

Westlake Chemical 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	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Long Term Debt Total
Total Assets		0.83	0.96	0.98	0.98	0.87	0.98	0.98	0.71	0.99	0.72	0.86	0.66	0.97	0.99	-0.37	-0.63	0.98	0.97	0.8	-0.88	0.99	0.95	0.97	0.0	0.97
Other Current Liab	0.83		0.83	0.83	0.8	0.65	0.82	0.81	0.93	0.81	0.66	0.95	0.9	0.78	0.8	-0.75	-0.55	0.78	0.79	0.94	-0.72	0.81	0.82	0.79	-0.14	0.8
Total Current Liabilities	0.96	0.83		0.94	0.92	0.8	0.94	0.98	0.75	0.94	0.67	0.88	0.71	0.94	0.96	-0.34	-0.62	0.92	0.94	0.75	-0.78	0.96	0.96	0.96	-0.06	0.95
Total Stockholder Equity	0.98	0.83	0.94		0.93	0.77	1.0	0.95	0.74	0.96	0.7	0.84	0.71	0.94	0.96	-0.34	-0.53	0.91	0.98	0.84	-0.83	0.93	0.97	0.94	-0.03	0.91
Property Plant And Equipment Net	0.98	0.8	0.92	0.93		0.93	0.94	0.93	0.62	0.99	0.78	0.83	0.56	0.94	0.96	-0.39	-0.66	0.99	0.92	0.73	-0.94	0.98	0.86	0.93	0.08	0.97
Net Debt	0.87	0.65	0.8	0.77	0.93		0.79	0.84	0.42	0.92	0.76	0.71	0.36	0.89	0.87	-0.36	-0.66	0.95	0.79	0.56	-0.91	0.92	0.69	0.87	0.22	0.93
Retained Earnings	0.98	0.82	0.94	1.0	0.94	0.79		0.95	0.73	0.96	0.72	0.84	0.69	0.94	0.96	-0.34	-0.53	0.92	0.98	0.83	-0.84	0.94	0.96	0.94	-0.01	0.91
Accounts Payable	0.98	0.81	0.98	0.95	0.93	0.84	0.95		0.73	0.96	0.68	0.87	0.68	0.98	0.99	-0.35	-0.64	0.95	0.97	0.77	-0.81	0.97	0.96	0.99	-0.03	0.96
Cash	0.71	0.93	0.75	0.74	0.62	0.42	0.73	0.73		0.65	0.49	0.9	0.99	0.66	0.69	-0.72	-0.42	0.62	0.72	0.92	-0.49	0.66	0.8	0.68	-0.27	0.66
Non Current Assets Total	0.99	0.81	0.94	0.96	0.99	0.92	0.96	0.96	0.65		0.75	0.84	0.6	0.96	0.98	-0.37	-0.65	0.99	0.95	0.77	-0.91	0.99	0.9	0.96	0.04	0.98
Non Currrent Assets Other	0.72	0.66	0.67	0.7	0.78	0.76	0.72	0.68	0.49	0.75		0.71	0.47	0.69	0.67	-0.44	-0.21	0.73	0.67	0.59	-0.81	0.7	0.61	0.69	0.56	0.68
Other Assets	0.86	0.95	0.88	0.84	0.83	0.71	0.84	0.87	0.9	0.84	0.71		0.87	0.82	0.85	-0.69	-0.58	0.83	0.86	0.86	-0.74	0.85	0.85	0.85	-0.06	0.85
Cash And Short Term Investments	0.66	0.9	0.71	0.71	0.56	0.36	0.69	0.68	0.99	0.6	0.47	0.87		0.61	0.63	-0.71	-0.34	0.55	0.67	0.89	-0.46	0.6	0.78	0.63	-0.24	0.6
Net Receivables	0.97	0.78	0.94	0.94	0.94	0.89	0.94	0.98	0.66	0.96	0.69	0.82	0.61		0.98	-0.36	-0.61	0.96	0.95	0.75	-0.85	0.97	0.92	0.99	0.01	0.97
Good Will	0.99	0.8	0.96	0.96	0.96	0.87	0.96	0.99	0.69	0.98	0.67	0.85	0.63	0.98		-0.34	-0.67	0.97	0.98	0.77	-0.85	0.99	0.94	0.99	-0.05	0.98
Common Stock Shares Outstanding	-0.37	-0.75	-0.34	-0.34	-0.39	-0.36	-0.34	-0.35	-0.72	-0.37	-0.44	-0.69	-0.71	-0.36	-0.34		0.37	-0.37	-0.33	-0.7	0.43	-0.37	-0.31	-0.33	0.15	-0.39
Short Term Investments	-0.63	-0.55	-0.62	-0.53	-0.66	-0.66	-0.53	-0.64	-0.42	-0.65	-0.21	-0.58	-0.34	-0.61	-0.67	0.37		-0.68	-0.59	-0.47	0.55	-0.69	-0.51	-0.61	0.47	-0.72
Non Current Liabilities Total	0.98	0.78	0.92	0.91	0.99	0.95	0.92	0.95	0.62	0.99	0.73	0.83	0.55	0.96	0.97	-0.37	-0.68		0.92	0.72	-0.91	0.99	0.87	0.96	0.07	0.99
Inventory	0.97	0.79	0.94	0.98	0.92	0.79	0.98	0.97	0.72	0.95	0.67	0.86	0.67	0.95	0.98	-0.33	-0.59	0.92		0.8	-0.8	0.94	0.96	0.97	-0.04	0.92
Other Current Assets	0.8	0.94	0.75	0.84	0.73	0.56	0.83	0.77	0.92	0.77	0.59	0.86	0.89	0.75	0.77	-0.7	-0.47	0.72	0.8		-0.63	0.74	0.83	0.74	-0.19	0.73
Other Stockholder Equity	-0.88	-0.72	-0.78	-0.83	-0.94	-0.91	-0.84	-0.81	-0.49	-0.91	-0.81	-0.74	-0.46	-0.85	-0.85	0.43	0.55	-0.91	-0.8	-0.63		-0.88	-0.72	-0.82	-0.18	-0.87
Total Liab	0.99	0.81	0.96	0.93	0.98	0.92	0.94	0.97	0.66	0.99	0.7	0.85	0.6	0.97	0.99	-0.37	-0.69	0.99	0.94	0.74	-0.88		0.9	0.97	0.01	1.0
Total Current Assets	0.95	0.82	0.96	0.97	0.86	0.69	0.96	0.96	0.8	0.9	0.61	0.85	0.78	0.92	0.94	-0.31	-0.51	0.87	0.96	0.83	-0.72	0.9		0.94	-0.1	0.89
Intangible Assets	0.97	0.79	0.96	0.94	0.93	0.87	0.94	0.99	0.68	0.96	0.69	0.85	0.63	0.99	0.99	-0.33	-0.61	0.96	0.97	0.74	-0.82	0.97	0.94		0.02	0.97
Common Stock	0.0	-0.14	-0.06	-0.03	0.08	0.22	-0.01	-0.03	-0.27	0.04	0.56	-0.06	-0.24	0.01	-0.05	0.15	0.47	0.07	-0.04	-0.19	-0.18	0.01	-0.1	0.02		-0.02
Short Long Term Debt Total	0.97	0.8	0.95	0.91	0.97	0.93	0.91	0.96	0.66	0.98	0.68	0.85	0.6	0.97	0.98	-0.39	-0.72	0.99	0.92	0.73	-0.87	1.0	0.89	0.97	-0.02

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Westlake Chemical Account Relationship Matchups

Westlake Chemical fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.3B	13.8B	18.5B	20.6B	21.0B	12.8B
Other Current Liab	675M	732M	1.1B	955M	1.6B	1.7B
Total Current Liabilities	1.2B	1.4B	2.3B	2.3B	2.8B	1.5B
Total Stockholder Equity	5.9B	6.0B	8.0B	9.9B	10.2B	5.9B
Property Plant And Equipment Net	7.4B	7.4B	8.2B	9.1B	9.2B	6.4B
Net Debt	3.2B	2.7B	3.9B	3.3B	2.2B	2.0B
Retained Earnings	5.8B	5.9B	7.8B	9.9B	10.1B	5.7B
Accounts Payable	507M	447M	529M	864M	886M	563.6M
Cash	728M	1.3B	1.9B	2.2B	3.3B	3.5B
Non Current Assets Total	10.5B	10.4B	13.2B	14.6B	14.4B	9.1B
Non Currrent Assets Other	246M	199M	384M	551M	651M	683.6M
Other Assets	268M	223M	417M	569M	654.4M	687.1M
Cash And Short Term Investments	728M	1.3B	1.9B	2.2B	3.3B	3.5B
Net Receivables	938M	1.1B	1.7B	1.7B	1.4B	1.0B
Good Will	1.1B	1.1B	2.0B	2.2B	2.0B	1.1B
Common Stock Shares Outstanding	128.8M	128.1M	128.7M	128.8M	128.6M	104.4M
Non Current Liabilities Total	5.6B	5.9B	7.6B	7.8B	7.5B	5.0B
Inventory	936M	918M	1.4B	1.9B	1.6B	1.0B
Other Current Assets	140M	168M	207M	228M	290M	304.5M
Other Stockholder Equity	176M	168M	182M	134M	195M	212.0M
Total Liab	6.9B	7.3B	9.9B	10.1B	10.3B	6.5B
Total Current Assets	2.7B	3.5B	5.3B	6.0B	6.6B	3.7B
Intangible Assets	710M	612M	1.6B	1.6B	1.4B	780.6M
Short Long Term Debt Total	3.9B	4.0B	5.8B	5.5B	5.5B	3.7B
Liabilities And Stockholders Equity	13.3B	13.8B	18.5B	20.6B	21.0B	13.7B
Accumulated Other Comprehensive Income	(74M)	(64M)	(36M)	(89M)	(98M)	(102.9M)
Long Term Debt	3.1B	2.7B	3.4B	3.6B	4.1B	3.6B
Capital Surpluse	555M	556M	553M	569M	654.4M	612.4M
Treasury Stock	(302M)	(382M)	(377M)	(401M)	(360.9M)	(378.9M)
Property Plant Equipment	7.4B	7.4B	8.2B	9.1B	10.5B	8.1B
Other Liab	1.8B	2.0B	2.2B	2.4B	2.8B	2.1B
Net Tangible Assets	4.1B	4.3B	4.4B	6.2B	7.1B	4.8B

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Westlake Retained Earnings vs Total Assets Analysis

Retained Earnings vs Total Assets

Retained Earnings vs Total Assets Correlation Analysis

Correlation Coefficient

Retained Earnings

Total Assets

Westlake Chemical fundamental ratios Correlations

Westlake Chemical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Westlake Chemical fundamental ratios Accounts

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Additional Tools for Westlake Stock Analysis

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Retained Earnings	+ 1.0	Total Stockholder Equity
Short Long Term Debt Total	+ 1.0	Total Liab
Non Current Assets Total	+ 0.99	Total Assets
Good Will	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net

Other Stockholder Equity	- 0.94	Property Plant And Equipment Net
Other Stockholder Equity	- 0.91	Non Current Liabilities Total
Other Stockholder Equity	- 0.91	Non Current Assets Total
Other Stockholder Equity	- 0.91	Net Debt
Total Liab	- 0.88	Other Stockholder Equity
Other Stockholder Equity	- 0.88	Total Assets