Prudent Inventory vs Retained Earnings Analysis

PRUDENT Stock

2,847 133.30 4.47%

Prudent Corporate financial indicator trend analysis is much more than just breaking down Prudent Corporate prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Prudent Corporate is a good investment. Please check the relationship between Prudent Corporate Inventory and its Retained Earnings accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prudent Corporate Advisory. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Inventory vs Retained Earnings

Inventory vs Retained Earnings Correlation Analysis

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

The correlation between Prudent Corporate's Inventory and Retained Earnings is 0.94. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Prudent Corporate Advisory, assuming nothing else is changed. The correlation between historical values of Prudent Corporate's Inventory 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 Inventory of Prudent Corporate Advisory 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 Inventory i.e., Prudent Corporate's Inventory and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Inventory

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 Prudent Corporate's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Prudent Corporate 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prudent Corporate Advisory. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Selling General Administrative is likely to gain to about 981.3 M in 2024, whereas Tax Provision is likely to drop slightly above 305.4 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.3B	2.0B	2.5B	1.6B
Total Revenue	4.4B	6.0B	8.0B	4.4B

Gross Profit Total Revenue

Prudent Corporate fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Other Current Liab	Current Deferred Revenue	Accounts Payable	Net Receivables	Short Term Investments	Inventory	Other Current Assets
Total Assets		0.54	0.89	0.89	0.89	0.75	0.89	-0.64	0.8	0.61	-0.71	0.7	0.78	-0.49	0.49	0.96	0.8	0.86	0.88	0.84	-0.66	0.97	0.87	0.74	0.88	0.92
Short Long Term Debt Total	0.54		0.81	0.59	0.8	0.56	0.59	-0.21	0.36	0.23	-0.57	0.55	0.43	-0.92	0.66	0.41	0.68	0.47	0.52	0.58	-0.3	0.48	0.28	0.45	0.52	0.36
Total Current Liabilities	0.89	0.81		0.84	0.96	0.66	0.83	-0.41	0.66	0.5	-0.71	0.75	0.72	-0.82	0.67	0.81	0.87	0.76	0.8	0.88	-0.51	0.87	0.66	0.7	0.79	0.74
Total Stockholder Equity	0.89	0.59	0.84		0.89	0.8	1.0	-0.68	0.93	0.77	-0.85	0.86	0.83	-0.56	0.54	0.83	0.94	0.78	0.95	0.9	-0.77	0.87	0.74	0.89	0.94	0.8
Property Plant And Equipment Net	0.89	0.8	0.96	0.89		0.68	0.88	-0.44	0.69	0.5	-0.73	0.75	0.69	-0.81	0.71	0.76	0.87	0.79	0.84	0.9	-0.52	0.82	0.59	0.7	0.84	0.68
Net Debt	0.75	0.56	0.66	0.8	0.68		0.8	-0.93	0.79	0.57	-0.61	0.53	0.65	-0.37	0.16	0.73	0.67	0.8	0.88	0.59	-0.84	0.72	0.78	0.66	0.88	0.76
Retained Earnings	0.89	0.59	0.83	1.0	0.88	0.8		-0.67	0.93	0.78	-0.86	0.87	0.84	-0.55	0.54	0.83	0.94	0.76	0.94	0.9	-0.77	0.87	0.74	0.9	0.94	0.8
Cash	-0.64	-0.21	-0.41	-0.68	-0.44	-0.93	-0.67		-0.76	-0.56	0.45	-0.37	-0.57	0.02	0.11	-0.68	-0.48	-0.73	-0.8	-0.43	0.85	-0.64	-0.8	-0.56	-0.81	-0.74
Non Current Assets Total	0.8	0.36	0.66	0.93	0.69	0.79	0.93	-0.76		0.93	-0.88	0.86	0.92	-0.27	0.23	0.83	0.87	0.62	0.86	0.72	-0.92	0.83	0.79	0.96	0.86	0.82
Non Currrent Assets Other	0.61	0.23	0.5	0.77	0.5	0.57	0.78	-0.56	0.93		-0.92	0.89	0.94	-0.15	0.1	0.7	0.81	0.3	0.61	0.53	-0.87	0.69	0.64	0.96	0.61	0.69
Other Assets	-0.71	-0.57	-0.71	-0.85	-0.73	-0.61	-0.86	0.45	-0.88	-0.92		-0.97	-0.94	0.48	-0.39	-0.71	-0.93	-0.38	-0.66	-0.66	0.79	-0.73	-0.58	-0.97	-0.66	-0.68
Cash And Short Term Investments	0.7	0.55	0.75	0.86	0.75	0.53	0.87	-0.37	0.86	0.89	-0.97		0.92	-0.55	0.48	0.7	0.96	0.4	0.68	0.75	-0.71	0.74	0.54	0.97	0.67	0.64
Common Stock Shares Outstanding	0.78	0.43	0.72	0.83	0.69	0.65	0.84	-0.57	0.92	0.94	-0.94	0.92		-0.35	0.21	0.84	0.89	0.47	0.71	0.65	-0.87	0.84	0.74	0.97	0.7	0.8
Non Current Liabilities Total	-0.49	-0.92	-0.82	-0.56	-0.81	-0.37	-0.55	0.02	-0.27	-0.15	0.48	-0.55	-0.35		-0.78	-0.33	-0.68	-0.47	-0.5	-0.7	0.14	-0.44	-0.14	-0.4	-0.5	-0.23
Other Stockholder Equity	0.49	0.66	0.67	0.54	0.71	0.16	0.54	0.11	0.23	0.1	-0.39	0.48	0.21	-0.78		0.31	0.58	0.42	0.44	0.75	0.09	0.41	0.17	0.32	0.43	0.27
Total Liab	0.96	0.41	0.81	0.83	0.76	0.73	0.83	-0.68	0.83	0.7	-0.71	0.7	0.84	-0.33	0.31		0.76	0.77	0.82	0.75	-0.73	0.99	0.95	0.77	0.82	0.98
Total Current Assets	0.8	0.68	0.87	0.94	0.87	0.67	0.94	-0.48	0.87	0.81	-0.93	0.96	0.89	-0.68	0.58	0.76		0.59	0.81	0.87	-0.72	0.82	0.62	0.94	0.81	0.7
Intangible Assets	0.86	0.47	0.76	0.78	0.79	0.8	0.76	-0.73	0.62	0.3	-0.38	0.4	0.47	-0.47	0.42	0.77	0.59		0.92	0.8	-0.52	0.8	0.75	0.47	0.92	0.75
Common Stock	0.88	0.52	0.8	0.95	0.84	0.88	0.94	-0.8	0.86	0.61	-0.66	0.68	0.71	-0.5	0.44	0.82	0.81	0.92		0.87	-0.75	0.85	0.78	0.75	1.0	0.8
Other Current Liab	0.84	0.58	0.88	0.9	0.9	0.59	0.9	-0.43	0.72	0.53	-0.66	0.75	0.65	-0.7	0.75	0.75	0.87	0.8	0.87		-0.46	0.82	0.62	0.72	0.87	0.69
Current Deferred Revenue	-0.66	-0.3	-0.51	-0.77	-0.52	-0.84	-0.77	0.85	-0.92	-0.87	0.79	-0.71	-0.87	0.14	0.09	-0.73	-0.72	-0.52	-0.75	-0.46		-0.7	-0.73	-0.85	-0.75	-0.74
Accounts Payable	0.97	0.48	0.87	0.87	0.82	0.72	0.87	-0.64	0.83	0.69	-0.73	0.74	0.84	-0.44	0.41	0.99	0.82	0.8	0.85	0.82	-0.7		0.91	0.79	0.85	0.96
Net Receivables	0.87	0.28	0.66	0.74	0.59	0.78	0.74	-0.8	0.79	0.64	-0.58	0.54	0.74	-0.14	0.17	0.95	0.62	0.75	0.78	0.62	-0.73	0.91		0.67	0.78	0.98
Short Term Investments	0.74	0.45	0.7	0.89	0.7	0.66	0.9	-0.56	0.96	0.96	-0.97	0.97	0.97	-0.4	0.32	0.77	0.94	0.47	0.75	0.72	-0.85	0.79	0.67		0.75	0.74
Inventory	0.88	0.52	0.79	0.94	0.84	0.88	0.94	-0.81	0.86	0.61	-0.66	0.67	0.7	-0.5	0.43	0.82	0.81	0.92	1.0	0.87	-0.75	0.85	0.78	0.75		0.8
Other Current Assets	0.92	0.36	0.74	0.8	0.68	0.76	0.8	-0.74	0.82	0.69	-0.68	0.64	0.8	-0.23	0.27	0.98	0.7	0.75	0.8	0.69	-0.74	0.96	0.98	0.74	0.8

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Prudent Corporate Account Relationship Matchups

Prudent Corporate fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.0B	2.8B	4.0B	5.2B	7.6B	4.0B
Short Long Term Debt Total	171.9M	126.0M	131.7M	170.2M	203.2M	174.0M
Total Current Liabilities	784.4M	1.2B	1.5B	1.2B	2.5B	1.3B
Total Stockholder Equity	1.1B	1.6B	2.4B	3.5B	4.8B	5.1B
Property Plant And Equipment Net	270.7M	259.8M	283.0M	310.6M	359.0M	299.2M
Net Debt	(634.5M)	(867.3M)	(158.5M)	(46.8M)	21.1M	22.2M
Retained Earnings	1.1B	1.5B	2.1B	3.3B	4.6B	4.8B
Cash	806.4M	993.3M	290.2M	217.0M	182.0M	172.9M
Non Current Assets Total	399.7M	557.6M	2.1B	3.4B	7.4B	7.8B
Non Currrent Assets Other	331.6M	691.4M	(175.0M)	683.1M	5.8B	6.0B
Cash And Short Term Investments	1.1B	1.6B	574.0M	774.7M	3.1B	3.3B
Liabilities And Stockholders Equity	2.0B	2.8B	4.0B	5.2B	7.6B	4.0B
Non Current Liabilities Total	51.2M	105.5M	132.9M	496.6M	276.5M	247.3M
Total Liab	835.6M	1.3B	1.6B	1.7B	2.8B	1.6B
Total Current Assets	1.6B	2.3B	1.9B	1.8B	4.8B	5.0B
Accumulated Other Comprehensive Income	841.0M	1.1B	1.6B	31.5M	31.0M	29.4M
Intangible Assets	4M	4.3M	1.5B	1.3B	1.2B	626.2M
Other Current Liab	(777.6M)	91.3M	190.7M	(25K)	365.5M	383.7M
Current Deferred Revenue	17.8M	51.4M	2.0M	18K	(57.1M)	(54.3M)
Accounts Payable	520.2M	939.4M	1.2B	1.2B	2.0B	1.2B
Net Receivables	411.5M	728.0M	992.1M	1.1B	1.4B	988.5M
Short Term Investments	326.3M	584.7M	283.8M	557.7M	2.9B	3.1B
Other Current Assets	428.4M	809.1M	999.3M	1.2B	1.7B	1.1B
Short Term Debt	254.7M	124.2M	93.3M	25K	57.1M	54.3M

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Prudent Inventory vs Retained Earnings Analysis

Inventory vs Retained Earnings

Inventory vs Retained Earnings Correlation Analysis

Correlation Coefficient

Inventory

Retained Earnings

Prudent Corporate fundamental ratios Correlations

Prudent Corporate Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Prudent Corporate fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Retained Earnings	+ 1.0	Total Stockholder Equity
Inventory	+ 1.0	Common Stock
Accounts Payable	+ 0.99	Total Liab
Other Current Assets	+ 0.98	Total Liab
Other Current Assets	+ 0.98	Net Receivables
Accounts Payable	+ 0.97	Total Assets

Short Term Investments	- 0.97	Other Assets
Cash And Short Term Investments	- 0.97	Other Assets
Common Stock Shares Outstanding	- 0.94	Other Assets
Total Current Assets	- 0.93	Other Assets
Cash	- 0.93	Net Debt
Other Assets	- 0.92	Non Currrent Assets Other