Southern Property Plant And Equipment Net vs Accounts Payable Analysis

SPIC Stock   73.83  0.91  1.22%   
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 Property Plant And Equipment Net and its Accounts Payable 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.

Property Plant And Equipment Net vs Accounts Payable

Property Plant And Equipment Net vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Southern Petrochemicals Property Plant And Equipment Net account and Accounts Payable. At this time, the significance of the direction appears to have no relationship.
The correlation between Southern Petrochemicals' Property Plant And Equipment Net and Accounts Payable is 0.01. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Accounts Payable 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' Property Plant And Equipment Net and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Southern Petrochemicals Industries are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Property Plant And Equipment Net i.e., Southern Petrochemicals' Property Plant And Equipment Net and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.01
Relationship DirectionPositive 
Relationship StrengthInsignificant

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Accounts Payable

An accounting item on the balance sheet that represents Southern Petrochemicals obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Southern Petrochemicals are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
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 Development11.7M16.2M
Income Before Tax1.7B1.8B

Southern Petrochemicals fundamental ratios Correlations

-0.220.720.570.220.26-0.080.570.610.210.23-0.090.67-0.870.87-0.04-0.40.450.840.830.850.820.90.840.40.41
-0.22-0.19-0.67-0.540.01-0.320.49-0.350.02-0.19-0.380.19-0.040.12-0.030.37-0.2-0.040.070.060.07-0.02-0.04-0.11-0.76
0.72-0.190.090.71-0.14-0.120.460.87-0.080.170.240.82-0.620.450.36-0.08-0.050.640.620.530.630.590.650.080.41
0.57-0.670.090.020.470.37-0.230.080.380.250.11-0.16-0.230.36-0.43-0.710.810.230.170.290.150.340.230.520.69
0.22-0.540.710.02-0.380.02-0.070.73-0.140.090.520.4-0.1-0.140.470.07-0.280.190.10.010.110.080.21-0.10.46
0.260.01-0.140.47-0.380.21-0.14-0.310.03-0.34-0.17-0.26-0.030.21-0.77-0.350.63-0.06-0.030.06-0.070.08-0.070.070.12
-0.08-0.32-0.120.370.020.21-0.49-0.270.370.260.11-0.390.39-0.33-0.18-0.790.53-0.39-0.38-0.37-0.39-0.32-0.410.190.43
0.570.490.46-0.23-0.07-0.14-0.490.460.040.05-0.460.86-0.850.770.150.14-0.160.830.880.830.890.80.820.12-0.36
0.61-0.350.870.080.73-0.31-0.270.46-0.16-0.030.280.79-0.610.360.380.09-0.240.680.640.520.650.580.690.140.33
0.210.02-0.080.38-0.140.030.370.04-0.160.32-0.03-0.03-0.020.22-0.04-0.510.610.010.020.140.020.110.010.840.01
0.23-0.190.170.250.09-0.340.260.05-0.030.32-0.220.13-0.190.240.31-0.470.20.210.180.240.190.230.190.080.34
-0.09-0.380.240.110.52-0.170.11-0.460.28-0.03-0.22-0.130.34-0.40.150.090.0-0.3-0.34-0.38-0.34-0.33-0.270.110.44
0.670.190.82-0.160.4-0.26-0.390.860.79-0.030.13-0.13-0.830.650.320.1-0.210.850.870.770.880.780.850.1-0.03
-0.87-0.04-0.62-0.23-0.1-0.030.39-0.85-0.61-0.02-0.190.34-0.83-0.93-0.070.1-0.08-0.99-0.99-0.98-0.99-0.99-0.98-0.19-0.07
0.870.120.450.36-0.140.21-0.330.770.360.220.24-0.40.65-0.93-0.05-0.210.320.890.890.960.890.950.880.330.01
-0.04-0.030.36-0.430.47-0.77-0.180.150.38-0.040.310.150.32-0.07-0.050.33-0.590.090.06-0.010.09-0.010.1-0.14-0.14
-0.40.37-0.08-0.710.07-0.35-0.790.140.09-0.51-0.470.090.10.1-0.210.33-0.8-0.09-0.09-0.15-0.08-0.19-0.06-0.41-0.57
0.45-0.2-0.050.81-0.280.630.53-0.16-0.240.610.20.0-0.21-0.080.32-0.59-0.80.030.040.180.020.20.030.630.46
0.84-0.040.640.230.19-0.06-0.390.830.680.010.21-0.30.85-0.990.890.09-0.090.030.990.970.990.981.00.190.1
0.830.070.620.170.1-0.03-0.380.880.640.020.18-0.340.87-0.990.890.06-0.090.040.990.971.00.980.980.210.04
0.850.060.530.290.010.06-0.370.830.520.140.24-0.380.77-0.980.96-0.01-0.150.180.970.970.970.990.970.290.03
0.820.070.630.150.11-0.07-0.390.890.650.020.19-0.340.88-0.990.890.09-0.080.020.991.00.970.970.980.20.03
0.9-0.020.590.340.080.08-0.320.80.580.110.23-0.330.78-0.990.95-0.01-0.190.20.980.980.990.970.980.280.12
0.84-0.040.650.230.21-0.07-0.410.820.690.010.19-0.270.85-0.980.880.1-0.060.031.00.980.970.980.980.20.1
0.4-0.110.080.52-0.10.070.190.120.140.840.080.110.1-0.190.33-0.14-0.410.630.190.210.290.20.280.20.18
0.41-0.760.410.690.460.120.43-0.360.330.010.340.44-0.03-0.070.01-0.14-0.570.460.10.040.030.030.120.10.18
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Southern Petrochemicals Account Relationship Matchups

Southern Petrochemicals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets20.9B17.1B16.9B22.0B17.6B28.4B
Other Current Liab292.6M545.1M1.1B446.2M1.2B1.1B
Total Current Liabilities16.3B11.6B9.3B10.8B6.2B10.4B
Total Stockholder Equity4.3B5.2B6.9B9.9B10.8B11.3B
Accounts Payable11.8B9.5B4.4B6.0B608.8M578.4M
Cash640.9M528.7M50.3M164.2M1.7B1.8B
Other Assets1.9B1.7B1.5B1.7B1.5B1.5B
Net Receivables11.0B2.2B473.6M7.1B177.1M168.2M
Short Term Investments(849.2M)2.8B766.2M7.3B312.5M413.8M
Inventory1.4B3.5B4.5B2.2B951.5M1.7B
Other Current Assets12.3B4.3B1.8B8.5B2.6B3.5B
Total Liab16.6B12.0B10.0B12.2B6.9B6.5B
Property Plant Equipment3.8B5.4B6.8B6.6B5.9B11.4B
Intangible Assets10.2M6.6M3.0M1.7M1M950K
Retained Earnings(335.3M)405.5M1.9B4.8B5.5B5.8B
Short Long Term Debt Total4.1B1.0B3.1B4.0B4.7B4.5B
Property Plant And Equipment Net3.8B5.4B6.8B6.6B6.8B7.9B
Net Debt3.4B508.8M3.0B3.8B3.0B2.8B
Non Current Assets Total6.7B8.3B9.8B10.8B11.9B16.2B
Non Currrent Assets Other849.2M671.6M459.3M977.3M293.1M278.4M
Cash And Short Term Investments640.9M528.7M816.5M7.4B2.0B1.6B
Liabilities And Stockholders Equity20.9B17.1B16.9B22.0B17.6B23.2B
Non Current Liabilities Total301.3M321.2M706.9M1.4B652.9M620.3M
Other Stockholder Equity2.1B3.6B2.6B2.7B8.7B6.1B
Total Current Assets14.3B8.8B7.1B11.2B5.8B9.6B
Accumulated Other Comprehensive Income(1.2B)611.0M884.2M897.2M8.7B9.2B
Other Liab288.9M301.3M321.2M311.9M280.7M301.3M
Short Term Debt3.9B1.0B2.7B3.0B4.4B2.9B
Current Deferred Revenue(4.1B)191.0M402.6M475.0M427.5M448.9M
Net Tangible Assets3.7B4.3B5.2B6.9B8.0B4.1B
Short Long Term Debt4.1B1.0B2.6B3.0B4.4B3.1B
Net Invested Capital8.4B6.2B10.0B13.8B15.4B10.6B
Net Working Capital(2.0B)(2.8B)(2.1B)388.4M(443M)(465.2M)

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