United Non Current Assets Total vs Retained Earnings Analysis

0R08 Stock   128.48  0.53  0.41%   
United Parcel financial indicator trend analysis is much more than just breaking down United Parcel Service prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether United Parcel Service is a good investment. Please check the relationship between United Parcel Non Current Assets Total and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in United Parcel Service. 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.

Non Current Assets Total vs Retained Earnings

Non Current Assets Total vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of United Parcel Service Non Current Assets Total account and Retained Earnings. At this time, the significance of the direction appears to have strong relationship.
The correlation between United Parcel's Non Current Assets Total and Retained Earnings is 0.73. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of United Parcel Service, assuming nothing else is changed. The correlation between historical values of United Parcel's Non Current Assets Total and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of United Parcel Service are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Non Current Assets Total i.e., United Parcel's Non Current Assets Total and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.73
Relationship DirectionPositive 
Relationship StrengthSignificant

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

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.
Most indicators from United Parcel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into United Parcel Service 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 United Parcel Service. 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.
Tax Provision is likely to gain to about 4.5 B in 2024, whereas Selling General Administrative is likely to drop slightly above 33.2 B in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit12.8B13.1B17.2B18.3B
Total Revenue97.3B100.3B91.0B60.3B

United Parcel fundamental ratios Correlations

0.860.930.970.460.980.760.720.970.60.990.490.740.96-0.70.230.870.75-0.070.420.920.950.69-0.550.260.71
0.860.80.850.450.850.960.570.830.470.860.350.580.86-0.860.390.810.720.110.440.840.820.83-0.560.360.85
0.930.80.920.290.890.720.550.890.530.910.350.680.93-0.760.230.880.580.090.430.920.910.59-0.70.320.58
0.970.850.920.310.940.780.580.960.520.970.450.650.97-0.740.180.910.61-0.110.530.960.90.78-0.520.340.73
0.460.450.290.310.510.430.910.440.220.470.30.40.36-0.250.630.010.86-0.260.10.110.410.27-0.01-0.440.62
0.980.850.890.940.510.770.760.970.530.990.430.670.92-0.630.240.820.8-0.070.450.880.90.65-0.420.210.74
0.760.960.720.780.430.770.520.720.20.790.330.340.76-0.860.540.710.70.140.450.750.660.85-0.50.240.89
0.720.570.550.580.910.760.520.680.330.730.430.550.61-0.320.540.30.93-0.290.130.40.630.38-0.15-0.330.65
0.970.830.890.960.440.970.720.680.590.960.420.690.95-0.630.10.840.71-0.120.530.90.920.64-0.40.30.71
0.60.470.530.520.220.530.20.330.590.50.20.950.57-0.3-0.330.580.31-0.060.110.570.790.23-0.380.480.16
0.990.860.910.970.470.990.790.730.960.50.520.660.94-0.70.280.860.76-0.090.440.910.90.71-0.510.210.74
0.490.350.350.450.30.430.330.430.420.20.520.30.42-0.420.240.40.37-0.240.00.430.390.45-0.38-0.230.33
0.740.580.680.650.40.670.340.550.690.950.660.30.69-0.42-0.050.640.49-0.110.10.650.890.35-0.50.330.31
0.960.860.930.970.360.920.760.610.950.570.940.420.69-0.750.160.880.64-0.110.490.930.940.7-0.590.340.69
-0.7-0.86-0.76-0.74-0.25-0.63-0.86-0.32-0.63-0.3-0.7-0.42-0.42-0.75-0.46-0.74-0.44-0.11-0.44-0.76-0.66-0.830.77-0.36-0.73
0.230.390.230.180.630.240.540.540.1-0.330.280.24-0.050.16-0.46-0.030.550.0-0.010.040.090.43-0.25-0.480.58
0.870.810.880.910.010.820.710.30.840.580.860.40.640.88-0.74-0.030.410.170.40.990.860.68-0.690.580.5
0.750.720.580.610.860.80.70.930.710.310.760.370.490.64-0.440.550.410.020.150.490.650.46-0.22-0.180.73
-0.070.110.09-0.11-0.26-0.070.14-0.29-0.12-0.06-0.09-0.24-0.11-0.11-0.110.00.170.02-0.20.08-0.03-0.13-0.30.25-0.17
0.420.440.430.530.10.450.450.130.530.110.440.00.10.49-0.44-0.010.40.15-0.20.450.350.480.010.370.59
0.920.840.920.960.110.880.750.40.90.570.910.430.650.93-0.760.040.990.490.080.450.890.72-0.640.510.59
0.950.820.910.90.410.90.660.630.920.790.90.390.890.94-0.660.090.860.65-0.030.350.890.59-0.610.360.57
0.690.830.590.780.270.650.850.380.640.230.710.450.350.7-0.830.430.680.46-0.130.480.720.59-0.40.270.87
-0.55-0.56-0.7-0.52-0.01-0.42-0.5-0.15-0.4-0.38-0.51-0.38-0.5-0.590.77-0.25-0.69-0.22-0.30.01-0.64-0.61-0.4-0.35-0.2
0.260.360.320.34-0.440.210.24-0.330.30.480.21-0.230.330.34-0.36-0.480.58-0.180.250.370.510.360.27-0.350.07
0.710.850.580.730.620.740.890.650.710.160.740.330.310.69-0.730.580.50.73-0.170.590.590.570.87-0.20.07
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United Parcel Account Relationship Matchups

United Parcel fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets57.9B62.5B69.4B71.1B70.9B43.6B
Short Long Term Debt Total21.8B27.8B25.5B23.5B26.7B28.1B
Other Current Liab5.2B6.8B6.6B7.0B6.6B4.7B
Total Current Liabilities15.4B17.0B17.6B18.1B17.7B10.3B
Total Stockholder Equity3.3B741M14.3B19.8B17.3B18.2B
Property Plant And Equipment Net30.5B35.3B37.0B38.5B41.3B22.6B
Net Debt16.6B21.8B15.3B17.9B23.5B24.7B
Retained Earnings9.1B7.0B16.2B21.3B21.1B12.5B
Accounts Payable5.6B6.5B7.5B7.5B6.3B3.5B
Cash5.2B5.9B10.3B5.6B3.2B3.6B
Non Current Assets Total40.8B42.2B44.5B48.9B51.4B29.2B
Non Currrent Assets Other3.9B672M1.1B3.3B1.9B1.7B
Cash And Short Term Investments5.7B6.3B10.6B7.6B6.1B4.8B
Net Receivables9.9B11.0B12.8B12.9B11.5B7.8B
Common Stock Shares Outstanding870M869M871M878M860M799.8M
Short Term Investments503M406M338M2.0B2.9B3.0B
Liabilities And Stockholders Equity57.9B62.5B69.4B71.1B70.9B43.6B
Non Current Liabilities Total39.2B44.7B37.6B33.2B35.9B23.4B
Inventory511M620M717M889M935M750.3M
Other Current Assets917M2.3B779M842M953M1.5B
Other Stockholder Equity150M865M1.3B(4M)(9M)(8.6M)
Total Liab54.6B61.7B55.1B51.3B53.5B33.7B
Total Current Assets17.1B20.3B24.9B22.2B19.4B14.4B
Accumulated Other Comprehensive Income(6.0B)(7.1B)(3.3B)(1.5B)(3.7B)(3.9B)
Short Term Debt4.7B3.8B3.4B3.6B4.8B5.0B
Current Deferred Revenue4.3B5.6B5.9B139M2.3B2.8B
Intangible Assets2.2B2.3B2.5B2.8B3.3B3.5B
Good Will3.8B3.4B3.7B4.2B4.9B3.3B
Other Assets1.4B1.2B1.2B3.1B2.8B1.4B
Other Liab14.9B20.1B14.7B12.6B14.5B15.9B
Net Tangible Assets(2.7B)(5.0B)8.1B12.8B14.7B15.4B
Long Term Debt19.5B21.5B21.7B19.8B22.8B22.5B
Treasury Stock(32M)(26M)(20M)(16M)(18.4M)(19.3M)
Property Plant Equipment33.3B35.3B37.0B38.5B44.2B35.4B

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