Southern Cash vs Retained Earnings Analysis

SPIC Stock

74.08 2.23 2.92%

Southern Petrochemicals financial indicator trend analysis is much more than just breaking down Southern Petrochemicals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Southern Petrochemicals is a good investment. Please check the relationship between Southern Petrochemicals Cash and its Retained Earnings accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Southern Petrochemicals Industries. 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.

Cash vs Retained Earnings

Cash vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Southern Petrochemicals Cash account and Retained Earnings. At this time, the significance of the direction appears to have strong relationship.

The correlation between Southern Petrochemicals' Cash and Retained Earnings is 0.63. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Southern Petrochemicals Industries, assuming nothing else is changed. The correlation between historical values of Southern Petrochemicals' Cash 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 Cash of Southern Petrochemicals Industries 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 Cash i.e., Southern Petrochemicals' Cash and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.63

Relationship Direction	Positive
Relationship Strength	Significant

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Cash

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

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 Southern Petrochemicals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Southern Petrochemicals 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Southern Petrochemicals Industries. 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 598.4 M in 2024, whereas Selling General Administrative is likely to drop slightly above 94 M in 2024.

	2023	2024 (projected)
Research Development	11.7M	16.2M
Income Before Tax	1.7B	1.8B

Research Development Income Before Tax

Southern Petrochemicals fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Total Liab	Common Stock	Property Plant Equipment	Preferred Stock Total Equity	Intangible Assets	Retained Earnings	Good Will	Short Long Term Debt Total	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding
Total Assets		-0.22	0.72	0.57	0.22	0.26	-0.08	0.57	0.61	0.21	0.23	-0.09	0.67	-0.87	0.87	-0.04	-0.4	0.45	0.84	0.83	0.85	0.82	0.9	0.84	0.4	0.41
Other Current Liab	-0.22		-0.19	-0.67	-0.54	0.01	-0.32	0.49	-0.35	0.02	-0.19	-0.38	0.19	-0.04	0.12	-0.03	0.37	-0.2	-0.04	0.07	0.06	0.07	-0.02	-0.04	-0.11	-0.76
Total Current Liabilities	0.72	-0.19		0.09	0.71	-0.14	-0.12	0.46	0.87	-0.08	0.17	0.24	0.82	-0.62	0.45	0.36	-0.08	-0.05	0.64	0.62	0.53	0.63	0.59	0.65	0.08	0.41
Total Stockholder Equity	0.57	-0.67	0.09		0.02	0.47	0.37	-0.23	0.08	0.38	0.25	0.11	-0.16	-0.23	0.36	-0.43	-0.71	0.81	0.23	0.17	0.29	0.15	0.34	0.23	0.52	0.69
Accounts Payable	0.22	-0.54	0.71	0.02		-0.38	0.02	-0.07	0.73	-0.14	0.09	0.52	0.4	-0.1	-0.14	0.47	0.07	-0.28	0.19	0.1	0.01	0.11	0.08	0.21	-0.1	0.46
Cash	0.26	0.01	-0.14	0.47	-0.38		0.21	-0.14	-0.31	0.03	-0.34	-0.17	-0.26	-0.03	0.21	-0.77	-0.35	0.63	-0.06	-0.03	0.06	-0.07	0.08	-0.07	0.07	0.12
Other Assets	-0.08	-0.32	-0.12	0.37	0.02	0.21		-0.49	-0.27	0.37	0.26	0.11	-0.39	0.39	-0.33	-0.18	-0.79	0.53	-0.39	-0.38	-0.37	-0.39	-0.32	-0.41	0.19	0.43
Long Term Debt	0.57	0.49	0.46	-0.23	-0.07	-0.14	-0.49		0.46	0.04	0.05	-0.46	0.86	-0.85	0.77	0.15	0.14	-0.16	0.83	0.88	0.83	0.89	0.8	0.82	0.12	-0.36
Net Receivables	0.61	-0.35	0.87	0.08	0.73	-0.31	-0.27	0.46		-0.16	-0.03	0.28	0.79	-0.61	0.36	0.38	0.09	-0.24	0.68	0.64	0.52	0.65	0.58	0.69	0.14	0.33
Short Term Investments	0.21	0.02	-0.08	0.38	-0.14	0.03	0.37	0.04	-0.16		0.32	-0.03	-0.03	-0.02	0.22	-0.04	-0.51	0.61	0.01	0.02	0.14	0.02	0.11	0.01	0.84	0.01
Inventory	0.23	-0.19	0.17	0.25	0.09	-0.34	0.26	0.05	-0.03	0.32		-0.22	0.13	-0.19	0.24	0.31	-0.47	0.2	0.21	0.18	0.24	0.19	0.23	0.19	0.08	0.34
Other Current Assets	-0.09	-0.38	0.24	0.11	0.52	-0.17	0.11	-0.46	0.28	-0.03	-0.22		-0.13	0.34	-0.4	0.15	0.09	0.0	-0.3	-0.34	-0.38	-0.34	-0.33	-0.27	0.11	0.44
Total Liab	0.67	0.19	0.82	-0.16	0.4	-0.26	-0.39	0.86	0.79	-0.03	0.13	-0.13		-0.83	0.65	0.32	0.1	-0.21	0.85	0.87	0.77	0.88	0.78	0.85	0.1	-0.03
Common Stock	-0.87	-0.04	-0.62	-0.23	-0.1	-0.03	0.39	-0.85	-0.61	-0.02	-0.19	0.34	-0.83		-0.93	-0.07	0.1	-0.08	-0.99	-0.99	-0.98	-0.99	-0.99	-0.98	-0.19	-0.07
Property Plant Equipment	0.87	0.12	0.45	0.36	-0.14	0.21	-0.33	0.77	0.36	0.22	0.24	-0.4	0.65	-0.93		-0.05	-0.21	0.32	0.89	0.89	0.96	0.89	0.95	0.88	0.33	0.01
Preferred Stock Total Equity	-0.04	-0.03	0.36	-0.43	0.47	-0.77	-0.18	0.15	0.38	-0.04	0.31	0.15	0.32	-0.07	-0.05		0.33	-0.59	0.09	0.06	-0.01	0.09	-0.01	0.1	-0.14	-0.14
Intangible Assets	-0.4	0.37	-0.08	-0.71	0.07	-0.35	-0.79	0.14	0.09	-0.51	-0.47	0.09	0.1	0.1	-0.21	0.33		-0.8	-0.09	-0.09	-0.15	-0.08	-0.19	-0.06	-0.41	-0.57
Retained Earnings	0.45	-0.2	-0.05	0.81	-0.28	0.63	0.53	-0.16	-0.24	0.61	0.2	0.0	-0.21	-0.08	0.32	-0.59	-0.8		0.03	0.04	0.18	0.02	0.2	0.03	0.63	0.46
Good Will	0.84	-0.04	0.64	0.23	0.19	-0.06	-0.39	0.83	0.68	0.01	0.21	-0.3	0.85	-0.99	0.89	0.09	-0.09	0.03		0.99	0.97	0.99	0.98	1.0	0.19	0.1
Short Long Term Debt Total	0.83	0.07	0.62	0.17	0.1	-0.03	-0.38	0.88	0.64	0.02	0.18	-0.34	0.87	-0.99	0.89	0.06	-0.09	0.04	0.99		0.97	1.0	0.98	0.98	0.21	0.04
Property Plant And Equipment Net	0.85	0.06	0.53	0.29	0.01	0.06	-0.37	0.83	0.52	0.14	0.24	-0.38	0.77	-0.98	0.96	-0.01	-0.15	0.18	0.97	0.97		0.97	0.99	0.97	0.29	0.03
Net Debt	0.82	0.07	0.63	0.15	0.11	-0.07	-0.39	0.89	0.65	0.02	0.19	-0.34	0.88	-0.99	0.89	0.09	-0.08	0.02	0.99	1.0	0.97		0.97	0.98	0.2	0.03
Non Current Assets Total	0.9	-0.02	0.59	0.34	0.08	0.08	-0.32	0.8	0.58	0.11	0.23	-0.33	0.78	-0.99	0.95	-0.01	-0.19	0.2	0.98	0.98	0.99	0.97		0.98	0.28	0.12
Non Currrent Assets Other	0.84	-0.04	0.65	0.23	0.21	-0.07	-0.41	0.82	0.69	0.01	0.19	-0.27	0.85	-0.98	0.88	0.1	-0.06	0.03	1.0	0.98	0.97	0.98	0.98		0.2	0.1
Cash And Short Term Investments	0.4	-0.11	0.08	0.52	-0.1	0.07	0.19	0.12	0.14	0.84	0.08	0.11	0.1	-0.19	0.33	-0.14	-0.41	0.63	0.19	0.21	0.29	0.2	0.28	0.2		0.18
Common Stock Shares Outstanding	0.41	-0.76	0.41	0.69	0.46	0.12	0.43	-0.36	0.33	0.01	0.34	0.44	-0.03	-0.07	0.01	-0.14	-0.57	0.46	0.1	0.04	0.03	0.03	0.12	0.1	0.18

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Southern Petrochemicals Account Relationship Matchups

Southern Petrochemicals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	20.9B	17.1B	16.9B	22.0B	17.6B	28.4B
Other Current Liab	292.6M	545.1M	1.1B	446.2M	1.2B	1.1B
Total Current Liabilities	16.3B	11.6B	9.3B	10.8B	6.2B	10.4B
Total Stockholder Equity	4.3B	5.2B	6.9B	9.9B	10.8B	11.3B
Accounts Payable	11.8B	9.5B	4.4B	6.0B	608.8M	578.4M
Cash	640.9M	528.7M	50.3M	164.2M	1.7B	1.8B
Other Assets	1.9B	1.7B	1.5B	1.7B	1.5B	1.5B
Net Receivables	11.0B	2.2B	473.6M	7.1B	177.1M	168.2M
Short Term Investments	(849.2M)	2.8B	766.2M	7.3B	312.5M	413.8M
Inventory	1.4B	3.5B	4.5B	2.2B	951.5M	1.7B
Other Current Assets	12.3B	4.3B	1.8B	8.5B	2.6B	3.5B
Total Liab	16.6B	12.0B	10.0B	12.2B	6.9B	6.5B
Property Plant Equipment	3.8B	5.4B	6.8B	6.6B	5.9B	11.4B
Intangible Assets	10.2M	6.6M	3.0M	1.7M	1M	950K
Retained Earnings	(335.3M)	405.5M	1.9B	4.8B	5.5B	5.8B
Short Long Term Debt Total	4.1B	1.0B	3.1B	4.0B	4.7B	4.5B
Property Plant And Equipment Net	3.8B	5.4B	6.8B	6.6B	6.8B	7.9B
Net Debt	3.4B	508.8M	3.0B	3.8B	3.0B	2.8B
Non Current Assets Total	6.7B	8.3B	9.8B	10.8B	11.9B	16.2B
Non Currrent Assets Other	849.2M	671.6M	459.3M	977.3M	293.1M	278.4M
Cash And Short Term Investments	640.9M	528.7M	816.5M	7.4B	2.0B	1.6B
Liabilities And Stockholders Equity	20.9B	17.1B	16.9B	22.0B	17.6B	23.2B
Non Current Liabilities Total	301.3M	321.2M	706.9M	1.4B	652.9M	620.3M
Other Stockholder Equity	2.1B	3.6B	2.6B	2.7B	8.7B	6.1B
Total Current Assets	14.3B	8.8B	7.1B	11.2B	5.8B	9.6B
Accumulated Other Comprehensive Income	(1.2B)	611.0M	884.2M	897.2M	8.7B	9.2B
Other Liab	288.9M	301.3M	321.2M	311.9M	280.7M	301.3M
Short Term Debt	3.9B	1.0B	2.7B	3.0B	4.4B	2.9B
Current Deferred Revenue	(4.1B)	191.0M	402.6M	475.0M	427.5M	448.9M
Net Tangible Assets	3.7B	4.3B	5.2B	6.9B	8.0B	4.1B
Short Long Term Debt	4.1B	1.0B	2.6B	3.0B	4.4B	3.1B
Net Invested Capital	8.4B	6.2B	10.0B	13.8B	15.4B	10.6B
Net Working Capital	(2.0B)	(2.8B)	(2.1B)	388.4M	(443M)	(465.2M)

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Southern Cash vs Retained Earnings Analysis

Cash vs Retained Earnings

Cash vs Retained Earnings Correlation Analysis

Correlation Coefficient

Cash

Retained Earnings

Southern Petrochemicals fundamental ratios Correlations

Southern Petrochemicals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Southern Petrochemicals fundamental ratios Accounts

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Non Currrent Assets Other	+ 1.0	Good Will
Net Debt	+ 1.0	Short Long Term Debt Total
Short Long Term Debt Total	+ 0.99	Good Will
Net Debt	+ 0.99	Good Will
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Non Current Assets Total	+ 0.98	Good Will

Non Current Assets Total	- 0.99	Common Stock
Net Debt	- 0.99	Common Stock
Short Long Term Debt Total	- 0.99	Common Stock
Good Will	- 0.99	Common Stock
Non Currrent Assets Other	- 0.98	Common Stock
Property Plant And Equipment Net	- 0.98	Common Stock