Phillips Accounts Payable vs Current Deferred Revenue Analysis

PSX Stock

USD 128.04 0.00 0.00%

Phillips financial indicator trend analysis is much more than just breaking down Phillips 66 prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Phillips 66 is a good investment. Please check the relationship between Phillips Accounts Payable and its Current Deferred Revenue accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phillips 66. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Accounts Payable vs Current Deferred Revenue

Accounts Payable vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Phillips 66 Accounts Payable account and Current Deferred Revenue. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Phillips' Accounts Payable and Current Deferred Revenue is 0.17. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Phillips 66, assuming nothing else is changed. The correlation between historical values of Phillips' Accounts Payable and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Phillips 66 are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Accounts Payable i.e., Phillips' Accounts Payable and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.17

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Phillips 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 Phillips 66 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.

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.

Most indicators from Phillips' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Phillips 66 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 Phillips 66. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

At this time, Phillips' Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 7.21 in 2025, whereas Selling General Administrative is likely to drop slightly above 2.4 B in 2025.

	2022	2023	2024	2025 (projected)
Interest Expense	642M	926M	1.1B	1.1B
Depreciation And Amortization	1.7B	2.0B	2.3B	2.4B

Interest Expense Depreciation And Amortization

Phillips fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Good Will	Common Stock Total Equity	Retained Earnings Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity
Total Assets		0.82	0.69	0.8	0.78	0.72	0.81	0.98	0.67	0.78	0.83	0.38	0.33	0.97	0.19	-0.01	0.82	0.69	-0.76	0.58	0.88	-0.73	0.91	-0.1	0.64	-0.74
Short Long Term Debt Total	0.82		0.42	0.54	0.46	0.75	0.7	0.8	0.72	0.97	0.95	-0.01	0.27	0.82	0.37	0.21	1.0	0.39	-0.8	0.62	0.82	-0.9	0.88	-0.3	0.46	-0.93
Other Current Liab	0.69	0.42		0.74	0.68	0.28	0.43	0.72	0.38	0.47	0.5	0.43	0.18	0.67	0.18	0.04	0.4	0.68	-0.64	0.24	0.5	-0.39	0.47	0.06	0.62	-0.3
Total Current Liabilities	0.8	0.54	0.74		0.65	0.26	0.64	0.71	0.5	0.49	0.53	0.78	0.48	0.68	0.28	-0.2	0.53	0.95	-0.65	0.51	0.49	-0.34	0.61	-0.2	0.65	-0.38
Total Stockholder Equity	0.78	0.46	0.68	0.65		0.37	0.52	0.79	0.15	0.48	0.62	0.36	0.07	0.77	0.13	-0.33	0.47	0.66	-0.34	0.12	0.58	-0.36	0.5	-0.06	0.41	-0.32
Other Liab	0.72	0.75	0.28	0.26	0.37		0.72	0.76	0.71	0.76	0.75	-0.16	0.09	0.81	0.04	0.19	0.77	0.12	-0.61	0.63	0.89	-0.85	0.86	-0.07	0.32	-0.85
Net Tangible Assets	0.81	0.7	0.43	0.64	0.52	0.72		0.74	0.84	0.62	0.73	0.35	0.59	0.76	0.02	-0.07	0.73	0.58	-0.54	0.89	0.81	-0.61	0.82	-0.27	0.41	-0.72
Property Plant And Equipment Net	0.98	0.8	0.72	0.71	0.79	0.76	0.74		0.62	0.79	0.83	0.26	0.2	0.99	0.18	0.06	0.8	0.6	-0.77	0.49	0.89	-0.75	0.9	0.0	0.61	-0.73
Current Deferred Revenue	0.67	0.72	0.38	0.5	0.15	0.71	0.84	0.62		0.65	0.64	0.17	0.55	0.64	0.08	0.32	0.73	0.38	-0.74	0.91	0.75	-0.71	0.81	-0.16	0.46	-0.79
Net Debt	0.78	0.97	0.47	0.49	0.48	0.76	0.62	0.79	0.65		0.95	-0.1	0.07	0.83	0.49	0.25	0.96	0.36	-0.78	0.54	0.81	-0.93	0.84	-0.2	0.35	-0.91
Retained Earnings	0.83	0.95	0.5	0.53	0.62	0.75	0.73	0.83	0.64	0.95		0.0	0.19	0.86	0.35	0.04	0.95	0.42	-0.67	0.57	0.87	-0.9	0.82	-0.28	0.39	-0.91
Accounts Payable	0.38	-0.01	0.43	0.78	0.36	-0.16	0.35	0.26	0.17	-0.1	0.0		0.49	0.21	-0.05	-0.41	-0.01	0.82	-0.19	0.25	0.06	0.22	0.15	-0.07	0.5	0.12
Cash	0.33	0.27	0.18	0.48	0.07	0.09	0.59	0.2	0.55	0.07	0.19	0.49		0.17	-0.37	-0.15	0.29	0.41	-0.3	0.64	0.21	-0.04	0.32	-0.53	0.57	-0.21
Non Current Assets Total	0.97	0.82	0.67	0.68	0.77	0.81	0.76	0.99	0.64	0.83	0.86	0.21	0.17		0.21	0.05	0.83	0.56	-0.75	0.52	0.93	-0.81	0.92	-0.02	0.56	-0.79
Non Currrent Assets Other	0.19	0.37	0.18	0.28	0.13	0.04	0.02	0.18	0.08	0.49	0.35	-0.05	-0.37	0.21		0.23	0.34	0.3	-0.33	0.08	0.12	-0.35	0.21	0.17	-0.29	-0.31
Other Assets	-0.01	0.21	0.04	-0.2	-0.33	0.19	-0.07	0.06	0.32	0.25	0.04	-0.41	-0.15	0.05	0.23		0.2	-0.22	-0.42	0.04	0.1	-0.29	0.23	0.42	-0.05	-0.24
Long Term Debt	0.82	1.0	0.4	0.53	0.47	0.77	0.73	0.8	0.73	0.96	0.95	-0.01	0.29	0.83	0.34	0.2		0.39	-0.78	0.64	0.83	-0.9	0.89	-0.31	0.45	-0.94
Net Receivables	0.69	0.39	0.68	0.95	0.66	0.12	0.58	0.6	0.38	0.36	0.42	0.82	0.41	0.56	0.3	-0.22	0.39		-0.47	0.43	0.35	-0.16	0.46	-0.15	0.49	-0.21
Good Will	-0.76	-0.8	-0.64	-0.65	-0.34	-0.61	-0.54	-0.77	-0.74	-0.78	-0.67	-0.19	-0.3	-0.75	-0.33	-0.42	-0.78	-0.47		-0.54	-0.68	0.74	-0.82	0.02	-0.66	0.72
Common Stock Total Equity	0.58	0.62	0.24	0.51	0.12	0.63	0.89	0.49	0.91	0.54	0.57	0.25	0.64	0.52	0.08	0.04	0.64	0.43	-0.54		0.63	-0.55	0.7	-0.38	0.3	-0.68
Retained Earnings Total Equity	0.88	0.82	0.5	0.49	0.58	0.89	0.81	0.89	0.75	0.81	0.87	0.06	0.21	0.93	0.12	0.1	0.83	0.35	-0.68	0.63		-0.89	0.91	0.0	0.46	-0.9
Common Stock Shares Outstanding	-0.73	-0.9	-0.39	-0.34	-0.36	-0.85	-0.61	-0.75	-0.71	-0.93	-0.9	0.22	-0.04	-0.81	-0.35	-0.29	-0.9	-0.16	0.74	-0.55	-0.89		-0.84	0.08	-0.33	0.97
Non Current Liabilities Total	0.91	0.88	0.47	0.61	0.5	0.86	0.82	0.9	0.81	0.84	0.82	0.15	0.32	0.92	0.21	0.23	0.89	0.46	-0.82	0.7	0.91	-0.84		-0.05	0.53	-0.88
Inventory	-0.1	-0.3	0.06	-0.2	-0.06	-0.07	-0.27	0.0	-0.16	-0.2	-0.28	-0.07	-0.53	-0.02	0.17	0.42	-0.31	-0.15	0.02	-0.38	0.0	0.08	-0.05		-0.21	0.16
Other Current Assets	0.64	0.46	0.62	0.65	0.41	0.32	0.41	0.61	0.46	0.35	0.39	0.5	0.57	0.56	-0.29	-0.05	0.45	0.49	-0.66	0.3	0.46	-0.33	0.53	-0.21		-0.34
Other Stockholder Equity	-0.74	-0.93	-0.3	-0.38	-0.32	-0.85	-0.72	-0.73	-0.79	-0.91	-0.91	0.12	-0.21	-0.79	-0.31	-0.24	-0.94	-0.21	0.72	-0.68	-0.9	0.97	-0.88	0.16	-0.34

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Phillips Account Relationship Matchups

Phillips fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	54.7B	55.6B	76.4B	75.5B	86.8B	59.2B
Short Long Term Debt Total	15.9B	14.4B	17.2B	19.4B	22.3B	23.4B
Other Current Liab	1.6B	1.6B	2.6B	2.3B	2.6B	1.7B
Total Current Liabilities	9.5B	12.8B	15.9B	15.9B	18.2B	12.6B
Total Stockholder Equity	19.0B	19.2B	29.5B	30.6B	35.2B	26.3B
Other Liab	7.9B	7.9B	7.5B	9.0B	10.4B	5.7B
Net Tangible Assets	20.8B	16.7B	15.9B	27.2B	31.3B	19.4B
Property Plant And Equipment Net	23.7B	22.4B	35.2B	35.7B	41.1B	23.5B
Current Deferred Revenue	1.4B	1.3B	1.4B	1.2B	1.4B	988.4M
Noncontrolling Interest In Consolidated Entity	2.3B	2.5B	2.5B	4.6B	5.3B	5.6B
Net Debt	13.4B	11.3B	11.1B	16.0B	18.4B	19.4B
Retained Earnings	16.5B	16.2B	25.4B	30.6B	35.1B	36.9B
Accounts Payable	5.5B	8.5B	11.3B	10.9B	9.8B	7.0B
Cash	2.5B	3.1B	6.1B	3.3B	3.8B	3.6B
Non Current Assets Total	41.4B	40.9B	54.5B	55.6B	63.9B	42.3B
Non Currrent Assets Other	1.8B	1.7B	(4.3B)	2.5B	2.8B	3.0B
Other Assets	674M	39.2B	1.6B	1.1B	1.3B	1.2B
Long Term Debt	14.7B	12.7B	16.4B	17.9B	20.6B	21.6B
Net Receivables	6.5B	7.5B	11.0B	11.7B	13.5B	9.2B
Good Will	1.4B	1.5B	1.5B	1.6B	1.4B	2.3B
Retained Earnings Total Equity	22.1B	16.5B	16.2B	25.4B	29.2B	14.6B
Common Stock Shares Outstanding	439.5M	440.4M	473.7M	453.2M	407.9M	430.8M
Liabilities And Stockholders Equity	54.7B	55.6B	76.4B	75.5B	86.8B	59.2B
Non Current Liabilities Total	23.7B	21.2B	26.4B	28.0B	32.2B	18.7B
Inventory	3.9B	3.4B	3.3B	3.8B	3.4B	2.8B
Other Current Assets	694M	1.4B	3.1B	1.1B	1.3B	910.4M
Other Stockholder Equity	3.3B	3.4B	4.5B	308M	277.2M	263.3M
Total Liab	33.2B	34.0B	42.3B	43.9B	50.4B	31.4B
Deferred Long Term Liab	7.0B	6.8B	6.4B	8.0B	9.2B	4.9B
Long Term Investments	13.6B	14.5B	15.0B	14.9B	17.2B	13.4B
Property Plant And Equipment Gross	23.7B	39.8B	53.0B	55.2B	63.5B	66.6B
Short Long Term Debt	971M	1.5B	529M	1.5B	1.7B	1.8B
Total Current Assets	13.3B	14.7B	21.9B	19.9B	22.9B	16.9B
Accumulated Other Comprehensive Income	(789M)	(445M)	(460M)	(282M)	(253.8M)	(266.5M)
Treasury Stock	(15.0B)	(16.7B)	(17.1B)	(15.3B)	(13.7B)	(14.4B)
Short Term Debt	1.0B	1.5B	529M	1.5B	1.7B	1.8B

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Phillips Accounts Payable vs Current Deferred Revenue Analysis

Accounts Payable vs Current Deferred Revenue

Accounts Payable vs Current Deferred Revenue Correlation Analysis

Correlation Coefficient

Accounts Payable

Current Deferred Revenue

Phillips fundamental ratios Correlations

Phillips Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Phillips fundamental ratios Accounts

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Long Term Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Property Plant And Equipment Net	+ 0.98	Total Assets
Non Current Assets Total	+ 0.97	Total Assets
Net Debt	+ 0.97	Short Long Term Debt Total
Other Stockholder Equity	+ 0.97	Common Stock Shares Outstanding

Other Stockholder Equity	- 0.94	Long Term Debt
Common Stock Shares Outstanding	- 0.93	Net Debt
Other Stockholder Equity	- 0.93	Short Long Term Debt Total
Other Stockholder Equity	- 0.91	Retained Earnings
Other Stockholder Equity	- 0.91	Net Debt
Other Stockholder Equity	- 0.9	Retained Earnings Total Equity