PSP Current Deferred Revenue vs Other Current Assets Analysis

PSPPROJECT   642.70  2.85  0.44%   
PSP Projects financial indicator trend analysis is much more than just breaking down PSP Projects Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PSP Projects Limited is a good investment. Please check the relationship between PSP Projects Current Deferred Revenue and its Other Current Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PSP Projects Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Current Deferred Revenue vs Other Current Assets

Current Deferred Revenue vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PSP Projects Limited Current Deferred Revenue account and Other Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between PSP Projects' Current Deferred Revenue and Other Current Assets is 0.82. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of PSP Projects Limited, assuming nothing else is changed. The correlation between historical values of PSP Projects' Current Deferred Revenue and Other Current 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 Current Deferred Revenue of PSP Projects Limited are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Current Deferred Revenue i.e., PSP Projects' Current Deferred Revenue and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from PSP Projects' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PSP Projects Limited 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 PSP Projects Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Selling General Administrative is expected to hike to about 1.9 B this year, although the value of Tax Provision will most likely fall to nearly 419 M.
 2021 2022 2023 2024 (projected)
Interest Income264.9M319.6M367.5M385.9M
Tax Provision553.4M484.6M460.0M419.0M

PSP Projects fundamental ratios Correlations

0.670.650.990.990.80.970.980.180.730.920.99-0.210.980.430.180.830.730.910.750.770.710.830.830.810.57
0.670.980.70.630.610.540.7-0.110.980.850.670.130.610.18-0.270.890.310.870.510.940.250.90.890.960.26
0.650.980.690.60.630.510.7-0.040.960.830.650.160.60.14-0.370.90.310.850.410.920.240.910.910.940.29
0.990.70.690.960.810.920.980.110.750.90.98-0.150.950.370.060.860.730.910.690.80.690.850.860.820.5
0.990.630.60.960.770.990.970.240.690.910.98-0.270.990.490.30.780.720.890.790.740.720.780.780.780.63
0.80.610.630.810.770.730.870.510.560.770.790.30.81-0.02-0.110.790.50.730.450.630.380.780.790.610.69
0.970.540.510.920.990.730.940.280.620.860.96-0.320.980.50.410.70.690.840.80.670.70.690.70.710.66
0.980.70.70.980.970.870.940.260.730.910.98-0.070.970.340.090.850.670.90.670.80.620.840.850.80.6
0.18-0.11-0.040.110.240.510.280.26-0.140.180.140.150.32-0.030.180.120.120.070.07-0.120.070.110.13-0.10.82
0.730.980.960.750.690.560.620.73-0.140.870.72-0.070.670.33-0.160.890.370.90.60.960.350.90.890.980.29
0.920.850.830.90.910.770.860.910.180.870.92-0.110.920.360.060.940.660.990.730.840.620.940.940.930.58
0.990.670.650.980.980.790.960.980.140.720.92-0.170.970.390.180.820.720.910.710.770.690.810.820.810.53
-0.210.130.16-0.15-0.270.3-0.32-0.070.15-0.07-0.11-0.17-0.22-0.74-0.510.06-0.28-0.13-0.4-0.02-0.50.060.07-0.1-0.12
0.980.610.60.950.990.810.980.970.320.670.920.97-0.220.420.280.80.720.890.750.70.70.790.80.760.7
0.430.180.140.370.49-0.020.50.34-0.030.330.360.39-0.740.420.420.220.490.370.690.310.620.220.210.370.13
0.18-0.27-0.370.060.3-0.110.410.090.18-0.160.060.18-0.510.280.42-0.260.060.010.53-0.110.18-0.26-0.26-0.090.35
0.830.890.90.860.780.790.70.850.120.890.940.820.060.80.22-0.260.650.950.570.830.571.01.00.910.46
0.730.310.310.730.720.50.690.670.120.370.660.72-0.280.720.490.060.650.680.610.30.970.630.640.50.3
0.910.870.850.910.890.730.840.90.070.90.990.91-0.130.890.370.010.950.680.720.860.640.950.950.950.5
0.750.510.410.690.790.450.80.670.070.60.730.71-0.40.750.690.530.570.610.720.580.650.570.560.660.44
0.770.940.920.80.740.630.670.8-0.120.960.840.77-0.020.70.31-0.110.830.30.860.580.280.840.830.950.29
0.710.250.240.690.720.380.70.620.070.350.620.69-0.50.70.620.180.570.970.640.650.280.560.560.470.3
0.830.90.910.850.780.780.690.840.110.90.940.810.060.790.22-0.261.00.630.950.570.840.561.00.920.45
0.830.890.910.860.780.790.70.850.130.890.940.820.070.80.21-0.261.00.640.950.560.830.561.00.910.46
0.810.960.940.820.780.610.710.8-0.10.980.930.81-0.10.760.37-0.090.910.50.950.660.950.470.920.910.33
0.570.260.290.50.630.690.660.60.820.290.580.53-0.120.70.130.350.460.30.50.440.290.30.450.460.33
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PSP Projects Account Relationship Matchups

PSP Projects fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets9.6B9.9B12.7B17.7B20.4B10.9B
Short Long Term Debt Total798.4M838.7M996.6M1.4B4.6B4.8B
Other Current Liab177.1M347.9M648.9M940.8M2.4B2.6B
Total Current Liabilities5.0B4.5B5.6B9.2B10.8B5.6B
Total Stockholder Equity4.5B5.4B6.9B8.0B9.1B5.2B
Net Tangible Assets3.7B4.5B5.3B6.9B7.9B3.9B
Property Plant And Equipment Net1.1B1.6B2.1B2.6B3.2B1.6B
Current Deferred Revenue(758.0M)262.3M2.1B609.9M1.00.95
Net Debt385.1M(317.4M)116.6M508.7M3.4B3.6B
Retained Earnings2.7B3.6B5.1B6.2B7.3B7.7B
Accounts Payable2.2B2.6B2.6B3.7B4.2B2.4B
Cash413.2M1.2B880.0M941.1M1.1B976.4M
Non Current Assets Total2.6B3.0B4.5B4.8B5.1B3.1B
Non Currrent Assets Other944.9M1.0B874.7M1.1B1.2B1.3B
Other Assets1.0B1.1B989.4M10K11.5K10.9K
Long Term Debt40.4M27.8M171.8M380.6M417.0M437.8M
Cash And Short Term Investments2.0B2.3B2.0B5.4B2.3B2.6B
Net Receivables3.6B3.3B4.5B7.2B8.5B8.9B
Short Term Investments1.6B1.1B1.1B4.4B1.1B1.6B
Long Term Debt Total40.4M27.8M171.8M380.6M437.7M459.6M
Liabilities And Stockholders Equity9.6B9.9B12.7B17.7B20.4B10.9B
Non Current Liabilities Total44.4M35.7M187.0M402.0M443.6M465.8M
Inventory968.3M892.1M818.5M1.5B3.2B3.3B
Other Current Assets476.4M442.0M5.4B1.6B1.3B1.2B
Total Liab5.1B4.6B5.8B9.6B11.2B5.8B
Short Long Term Debt758.0M709.5M824.8M1.1B4.1B4.3B
Total Current Assets7.0B6.9B8.2B12.8B15.3B7.9B
Accumulated Other Comprehensive Income(640.7M)(903.4M)92.7M93.6M107.7M113.0M
Short Term Debt(1.1B)86.8M(766.6M)(2.5B)4.1B4.3B
Intangible Assets14.4M12.4M13.5M11.9M10.8M10.9M
Property Plant Equipment1.1B1.6B2.1B2.6B2.9B3.1B
Net Invested Capital5.3B6.1B7.9B9.5B13.7B7.8B
Net Working Capital2.0B2.4B2.6B3.6B4.5B2.8B

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Other Information on Investing in PSP Stock

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