Choice Net Receivables vs Total Current Liabilities Analysis

CHOICEIN

465.65 17.00 3.52%

Choice International financial indicator trend analysis is way more than just evaluating Choice International prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Choice International is a good investment. Please check the relationship between Choice International Net Receivables and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Choice International 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 main economic indicators.

Net Receivables vs Total Current Liabilities

Net Receivables vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Choice International Net Receivables account and Total Current Liabilities. At this time, the significance of the direction appears to have totally related.

The correlation between Choice International's Net Receivables and Total Current Liabilities is 0.99. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Choice International Limited, assuming nothing else is changed. The correlation between historical values of Choice International's Net Receivables and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Choice International Limited are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Receivables i.e., Choice International's Net Receivables and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Receivables

Total Current Liabilities

Total Current Liabilities is an item on Choice International balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Choice International Limited are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from Choice International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Choice International 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 Choice International 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 main economic indicators.

As of now, Choice International's Selling General Administrative is increasing as compared to previous years. The Choice International's current Tax Provision is estimated to increase to about 603 M, while Issuance Of Capital Stock is projected to decrease to under 132.3 M.

	2022	2023	2024	2025 (projected)
Gross Profit	2.8B	4.3B	5.0B	5.2B
Total Revenue	3.9B	7.5B	8.6B	9.1B

Gross Profit Total Revenue

Choice International fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Non Current Liabilities Total	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Accounts Payable	Net Receivables	Other Current Assets	Short Term Debt	Intangible Assets	Current Deferred Revenue	Retained Earnings	Inventory
Total Assets		0.99	0.9	0.96	0.93	0.98	0.7	0.92	0.59	0.94	0.29	1.0	1.0	0.98	0.97	0.98	0.92	1.0	0.15	0.98	0.81	0.71	0.94	0.99	0.99	0.03
Total Stockholder Equity	0.99		0.91	0.93	0.9	0.96	0.76	0.91	0.64	0.96	0.38	0.98	0.99	0.96	0.94	0.95	0.91	0.99	0.13	0.97	0.77	0.7	0.94	0.99	0.98	0.07
Property Plant And Equipment Net	0.9	0.91		0.91	0.77	0.9	0.66	0.78	0.6	0.88	0.41	0.89	0.9	0.82	0.8	0.88	0.72	0.91	0.03	0.87	0.67	0.79	0.84	0.88	0.85	0.0
Net Debt	0.96	0.93	0.91		0.87	0.95	0.56	0.8	0.41	0.85	0.27	0.96	0.95	0.92	0.9	0.99	0.85	0.97	0.08	0.96	0.72	0.82	0.83	0.94	0.93	0.07
Cash	0.93	0.9	0.77	0.87		0.96	0.59	0.94	0.6	0.8	0.02	0.95	0.92	0.96	0.97	0.94	0.9	0.93	0.33	0.91	0.92	0.61	0.91	0.91	0.95	-0.19
Non Current Assets Total	0.98	0.96	0.9	0.95	0.96		0.63	0.94	0.6	0.87	0.15	0.98	0.97	0.98	0.97	0.98	0.91	0.98	0.16	0.95	0.88	0.69	0.95	0.97	0.98	-0.12
Non Currrent Assets Other	0.7	0.76	0.66	0.56	0.59	0.63		0.72	0.84	0.82	0.68	0.66	0.72	0.63	0.6	0.58	0.7	0.67	0.22	0.63	0.42	0.46	0.72	0.68	0.68	0.2
Other Assets	0.92	0.91	0.78	0.8	0.94	0.94	0.72		0.77	0.83	0.1	0.91	0.9	0.95	0.95	0.87	0.92	0.89	0.23	0.84	0.91	0.5	0.99	0.9	0.95	-0.18
Cash And Short Term Investments	0.59	0.64	0.6	0.41	0.6	0.6	0.84	0.77		0.68	0.32	0.56	0.59	0.57	0.56	0.48	0.57	0.55	0.26	0.48	0.61	0.31	0.74	0.55	0.6	-0.23
Common Stock Shares Outstanding	0.94	0.96	0.88	0.85	0.8	0.87	0.82	0.83	0.68		0.53	0.91	0.95	0.86	0.84	0.86	0.82	0.93	0.09	0.93	0.66	0.67	0.87	0.93	0.91	0.18
Other Stockholder Equity	0.29	0.38	0.41	0.27	0.02	0.15	0.68	0.1	0.32	0.53		0.25	0.33	0.11	0.07	0.19	0.21	0.3	0.03	0.3	-0.25	0.4	0.15	0.29	0.21	0.69
Total Liab	1.0	0.98	0.89	0.96	0.95	0.98	0.66	0.91	0.56	0.91	0.25		0.99	0.98	0.97	0.99	0.92	1.0	0.16	0.99	0.82	0.71	0.93	0.99	0.99	0.01
Total Current Assets	1.0	0.99	0.9	0.95	0.92	0.97	0.72	0.9	0.59	0.95	0.33	0.99		0.97	0.96	0.97	0.92	1.0	0.15	0.99	0.78	0.72	0.93	0.99	0.99	0.07
Common Stock	0.98	0.96	0.82	0.92	0.96	0.98	0.63	0.95	0.57	0.86	0.11	0.98	0.97		1.0	0.96	0.95	0.97	0.18	0.95	0.89	0.61	0.96	0.98	0.99	-0.08
Non Current Liabilities Total	0.97	0.94	0.8	0.9	0.97	0.97	0.6	0.95	0.56	0.84	0.07	0.97	0.96	1.0		0.95	0.94	0.95	0.2	0.94	0.9	0.58	0.95	0.96	0.99	-0.1
Short Long Term Debt Total	0.98	0.95	0.88	0.99	0.94	0.98	0.58	0.87	0.48	0.86	0.19	0.99	0.97	0.96	0.95		0.9	0.99	0.15	0.97	0.81	0.77	0.89	0.96	0.97	-0.02
Other Current Liab	0.92	0.91	0.72	0.85	0.9	0.91	0.7	0.92	0.57	0.82	0.21	0.92	0.92	0.95	0.94	0.9		0.91	0.18	0.88	0.79	0.55	0.91	0.91	0.94	0.06
Total Current Liabilities	1.0	0.99	0.91	0.97	0.93	0.98	0.67	0.89	0.55	0.93	0.3	1.0	1.0	0.97	0.95	0.99	0.91		0.15	0.99	0.79	0.75	0.92	0.99	0.98	0.05
Accounts Payable	0.15	0.13	0.03	0.08	0.33	0.16	0.22	0.23	0.26	0.09	0.03	0.16	0.15	0.18	0.2	0.15	0.18	0.15		0.13	0.18	0.14	0.13	0.11	0.15	0.04
Net Receivables	0.98	0.97	0.87	0.96	0.91	0.95	0.63	0.84	0.48	0.93	0.3	0.99	0.99	0.95	0.94	0.97	0.88	0.99	0.13		0.75	0.74	0.87	0.98	0.97	0.1
Other Current Assets	0.81	0.77	0.67	0.72	0.92	0.88	0.42	0.91	0.61	0.66	-0.25	0.82	0.78	0.89	0.9	0.81	0.79	0.79	0.18	0.75		0.42	0.9	0.8	0.86	-0.46
Short Term Debt	0.71	0.7	0.79	0.82	0.61	0.69	0.46	0.5	0.31	0.67	0.4	0.71	0.72	0.61	0.58	0.77	0.55	0.75	0.14	0.74	0.42		0.54	0.67	0.65	0.12
Intangible Assets	0.94	0.94	0.84	0.83	0.91	0.95	0.72	0.99	0.74	0.87	0.15	0.93	0.93	0.96	0.95	0.89	0.91	0.92	0.13	0.87	0.9	0.54		0.93	0.96	-0.15
Current Deferred Revenue	0.99	0.99	0.88	0.94	0.91	0.97	0.68	0.9	0.55	0.93	0.29	0.99	0.99	0.98	0.96	0.96	0.91	0.99	0.11	0.98	0.8	0.67	0.93		0.99	0.06
Retained Earnings	0.99	0.98	0.85	0.93	0.95	0.98	0.68	0.95	0.6	0.91	0.21	0.99	0.99	0.99	0.99	0.97	0.94	0.98	0.15	0.97	0.86	0.65	0.96	0.99		-0.03
Inventory	0.03	0.07	0.0	0.07	-0.19	-0.12	0.2	-0.18	-0.23	0.18	0.69	0.01	0.07	-0.08	-0.1	-0.02	0.06	0.05	0.04	0.1	-0.46	0.12	-0.15	0.06	-0.03

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Choice International Account Relationship Matchups

Choice International fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	6.6B	9.8B	11.1B	18.1B	20.8B	21.8B
Total Stockholder Equity	2.6B	4.1B	4.8B	6.3B	7.3B	7.6B
Property Plant And Equipment Net	712.4M	726.0M	957.5M	1.0B	1.2B	1.3B
Net Debt	1.2B	1.9B	1.2B	3.1B	3.6B	3.7B
Cash	302.5M	256.2M	873.3M	1.5B	1.7B	1.8B
Non Current Assets Total	1.0B	1.2B	2.4B	3.9B	4.5B	4.8B
Non Currrent Assets Other	175.6M	4.2B	5.9B	2.5B	2.9B	3.0B
Cash And Short Term Investments	389.7M	498.4M	5.9B	1.9B	2.2B	2.3B
Common Stock Shares Outstanding	156.3M	177.4M	199.9M	200.6M	230.7M	242.2M
Liabilities And Stockholders Equity	6.6B	9.8B	11.1B	18.1B	20.8B	21.8B
Other Stockholder Equity	990.3M	2.4B	1.4B	449.0M	516.4M	595.5M
Total Liab	3.9B	5.7B	6.3B	11.7B	13.4B	14.1B
Total Current Assets	5.5B	8.5B	8.7B	14.1B	16.2B	17.1B
Common Stock	285.7M	497.6M	995.1M	2.0B	2.3B	2.4B
Non Current Liabilities Total	354.6M	489.4M	1.2B	2.6B	3.0B	3.1B
Short Long Term Debt Total	1.5B	2.2B	2.1B	4.6B	5.2B	5.5B
Other Current Liab	(1.4B)	3.2B	3.6B	6.4B	7.4B	7.8B
Total Current Liabilities	3.6B	5.2B	5.1B	9.1B	10.4B	10.9B
Accounts Payable	137.8M	174.7M	280.5M	270.6M	243.5M	157.3M
Net Receivables	3.4B	4.2B	2.8B	6.6B	7.6B	8.0B
Other Current Assets	45.4M	(8.0B)	7.2B	12.2B	14.0B	14.7B
Short Term Debt	1.3B	1.8B	1.2B	2.3B	2.6B	1.3B
Intangible Assets	50.1M	55.9M	257.3M	270.5M	311.1M	326.6M
Current Deferred Revenue	2.2B	3.2B	3.1B	6.1B	7.0B	7.4B
Retained Earnings	731.0M	1.2B	1.8B	3.2B	3.7B	3.9B
Inventory	(2.1B)	1.7B	3.6B	(131.6M)	(151.3M)	(143.7M)
Accumulated Other Comprehensive Income	623.4M	511.0M	611.7M	667.7M	767.8M	555.4M
Short Term Investments	87.2M	242.2M	5.0B	464.4M	534.1M	507.4M
Long Term Debt	262.2M	365.2M	894.0M	2.2B	2.6B	2.7B
Net Invested Capital	4.1B	6.3B	6.8B	10.9B	12.5B	7.0B
Property Plant And Equipment Gross	936.4M	986.5M	957.5M	1.0B	1.2B	1.1B
Short Long Term Debt	1.3B	1.8B	1.2B	2.3B	2.7B	1.7B
Capital Stock	285.7M	497.6M	995.1M	2.0B	2.3B	2.4B
Non Current Liabilities Other	24.1M	41.8M	157.4M	1K	1.2K	1.1K
Net Working Capital	2.0B	3.4B	3.6B	5.1B	5.8B	3.3B

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

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Choice Net Receivables vs Total Current Liabilities Analysis

Net Receivables vs Total Current Liabilities

Net Receivables vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Net Receivables

Total Current Liabilities

Choice International fundamental ratios Correlations

Choice International Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Choice International fundamental ratios Accounts

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COMPANY

Total Liab	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Total Liab
Total Current Liabilities	+ 1.0	Total Current Assets
Non Current Liabilities Total	+ 1.0	Common Stock

Inventory	- 0.46	Other Current Assets
Other Current Assets	- 0.25	Other Stockholder Equity
Inventory	- 0.23	Cash And Short Term Investments
Inventory	- 0.19	Cash
Inventory	- 0.18	Other Assets
Inventory	- 0.15	Intangible Assets