Sumeet Current Deferred Revenue vs Retained Earnings Analysis

SUMEETINDS

97.80 0.00 0.00%

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

Current Deferred Revenue vs Retained Earnings

Current Deferred Revenue vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sumeet Industries Current Deferred Revenue account and Retained Earnings. At this time, the significance of the direction appears to have very week relationship.

The correlation between Sumeet Industries' Current Deferred Revenue and Retained Earnings is 0.27. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Sumeet Industries Limited, assuming nothing else is changed. The correlation between historical values of Sumeet Industries' Current Deferred Revenue 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 Current Deferred Revenue of Sumeet Industries Limited 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 Current Deferred Revenue i.e., Sumeet Industries' Current Deferred Revenue and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.27

Relationship Direction	Positive
Relationship Strength	Very Weak

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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.

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 Sumeet Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sumeet Industries 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 Sumeet Industries 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 income.

The Sumeet Industries' current Selling General Administrative is estimated to increase to about 297.9 M, while Tax Provision is forecasted to increase to (42.3 M).

	2021	2022	2023	2024 (projected)
Interest Expense	244.6M	70.6M	181K	172.0K
Depreciation And Amortization	314.1M	274.9M	239.1M	246.5M

Interest Expense Depreciation And Amortization

Sumeet Industries fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Accounts Payable	Net Receivables	Short Term Debt	Current Deferred Revenue	Retained Earnings	Other Liab	Net Tangible Assets
Total Assets		0.52	0.05	0.45	0.7	0.92	0.42	0.76	0.95	0.27	0.76	0.15	0.73	0.97	0.15	0.57	0.77	0.97	0.14	0.77	0.84	-0.01	-0.02	0.49	0.66	0.5
Short Long Term Debt Total	0.52		0.19	0.96	-0.14	0.29	0.99	0.12	0.39	0.08	0.12	0.83	-0.03	0.62	0.29	0.37	0.92	0.57	0.8	0.34	0.45	0.79	-0.29	-0.39	0.23	-0.4
Other Current Liab	0.05	0.19		0.32	-0.16	0.02	0.21	-0.29	0.07	0.24	-0.29	0.19	-0.14	0.06	0.56	0.07	0.25	0.03	0.2	0.17	0.06	0.31	-0.96	-0.19	0.07	-0.24
Total Current Liabilities	0.45	0.96	0.32		-0.19	0.18	0.95	0.07	0.29	0.11	0.07	0.81	-0.17	0.53	0.26	0.38	0.89	0.53	0.82	0.36	0.46	0.85	-0.42	-0.42	0.23	-0.44
Total Stockholder Equity	0.7	-0.14	-0.16	-0.19		0.74	-0.24	0.75	0.71	0.2	0.75	-0.46	0.8	0.62	-0.09	0.4	0.16	0.65	-0.45	0.51	0.68	-0.59	0.24	0.96	0.66	0.94
Property Plant And Equipment Net	0.92	0.29	0.02	0.18	0.74		0.22	0.72	0.99	0.21	0.72	0.03	0.91	0.86	0.21	0.34	0.61	0.81	-0.01	0.73	0.62	-0.28	0.07	0.59	0.48	0.57
Net Debt	0.42	0.99	0.21	0.95	-0.24	0.22		0.01	0.32	0.02	0.01	0.87	-0.09	0.53	0.32	0.28	0.88	0.47	0.85	0.28	0.35	0.82	-0.32	-0.48	0.11	-0.5
Cash	0.76	0.12	-0.29	0.07	0.75	0.72	0.01		0.67	0.13	1.0	-0.18	0.67	0.68	-0.28	0.47	0.38	0.77	-0.19	0.7	0.7	-0.37	0.31	0.66	0.59	0.73
Non Current Assets Total	0.95	0.39	0.07	0.29	0.71	0.99	0.32	0.67		0.25	0.67	0.11	0.86	0.9	0.28	0.39	0.69	0.85	0.08	0.72	0.66	-0.16	0.01	0.53	0.51	0.51
Non Currrent Assets Other	0.27	0.08	0.24	0.11	0.2	0.21	0.02	0.13	0.25		0.13	-0.08	0.13	0.33	0.17	0.14	0.17	0.27	-0.06	0.18	0.21	0.04	-0.2	0.18	0.28	0.16
Cash And Short Term Investments	0.76	0.12	-0.29	0.07	0.75	0.72	0.01	1.0	0.67	0.13		-0.18	0.67	0.68	-0.28	0.47	0.38	0.77	-0.19	0.7	0.7	-0.37	0.31	0.66	0.59	0.73
Common Stock Shares Outstanding	0.15	0.83	0.19	0.81	-0.46	0.03	0.87	-0.18	0.11	-0.08	-0.18		-0.2	0.24	0.31	0.1	0.7	0.17	0.95	0.0	0.06	0.8	-0.23	-0.67	-0.16	-0.66
Non Current Liabilities Total	0.73	-0.03	-0.14	-0.17	0.8	0.91	-0.09	0.67	0.86	0.13	0.67	-0.2		0.64	0.15	0.17	0.29	0.59	-0.24	0.57	0.44	-0.59	0.25	0.73	0.32	0.71
Inventory	0.97	0.62	0.06	0.53	0.62	0.86	0.53	0.68	0.9	0.33	0.68	0.24	0.64		0.14	0.54	0.82	0.96	0.22	0.69	0.82	0.12	-0.05	0.39	0.64	0.39
Other Current Assets	0.15	0.29	0.56	0.26	-0.09	0.21	0.32	-0.28	0.28	0.17	-0.28	0.31	0.15	0.14		0.1	0.32	0.05	0.24	0.15	-0.05	0.21	-0.55	-0.14	0.04	-0.21
Other Stockholder Equity	0.57	0.37	0.07	0.38	0.4	0.34	0.28	0.47	0.39	0.14	0.47	0.1	0.17	0.54	0.1		0.45	0.66	0.09	0.3	0.74	0.21	-0.09	0.27	0.88	0.32
Total Liab	0.77	0.92	0.25	0.89	0.16	0.61	0.88	0.38	0.69	0.17	0.38	0.7	0.29	0.82	0.32	0.45		0.79	0.68	0.62	0.64	0.56	-0.29	-0.1	0.37	-0.12
Total Current Assets	0.97	0.57	0.03	0.53	0.65	0.81	0.47	0.77	0.85	0.27	0.77	0.17	0.59	0.96	0.05	0.66	0.79		0.18	0.75	0.92	0.1	-0.03	0.44	0.73	0.46
Common Stock	0.14	0.8	0.2	0.82	-0.45	-0.01	0.85	-0.19	0.08	-0.06	-0.19	0.95	-0.24	0.22	0.24	0.09	0.68	0.18		0.01	0.12	0.81	-0.23	-0.66	-0.2	-0.65
Accounts Payable	0.77	0.34	0.17	0.36	0.51	0.73	0.28	0.7	0.72	0.18	0.7	0.0	0.57	0.69	0.15	0.3	0.62	0.75	0.01		0.63	-0.13	-0.22	0.41	0.37	0.38
Net Receivables	0.84	0.45	0.06	0.46	0.68	0.62	0.35	0.7	0.66	0.21	0.7	0.06	0.44	0.82	-0.05	0.74	0.64	0.92	0.12	0.63		0.08	-0.07	0.5	0.78	0.53
Short Term Debt	-0.01	0.79	0.31	0.85	-0.59	-0.28	0.82	-0.37	-0.16	0.04	-0.37	0.8	-0.59	0.12	0.21	0.21	0.56	0.1	0.81	-0.13	0.08		-0.41	-0.76	0.0	-0.76
Current Deferred Revenue	-0.02	-0.29	-0.96	-0.42	0.24	0.07	-0.32	0.31	0.01	-0.2	0.31	-0.23	0.25	-0.05	-0.55	-0.09	-0.29	-0.03	-0.23	-0.22	-0.07	-0.41		0.27	-0.06	0.33
Retained Earnings	0.49	-0.39	-0.19	-0.42	0.96	0.59	-0.48	0.66	0.53	0.18	0.66	-0.67	0.73	0.39	-0.14	0.27	-0.1	0.44	-0.66	0.41	0.5	-0.76	0.27		0.55	0.98
Other Liab	0.66	0.23	0.07	0.23	0.66	0.48	0.11	0.59	0.51	0.28	0.59	-0.16	0.32	0.64	0.04	0.88	0.37	0.73	-0.2	0.37	0.78	0.0	-0.06	0.55		0.57
Net Tangible Assets	0.5	-0.4	-0.24	-0.44	0.94	0.57	-0.5	0.73	0.51	0.16	0.73	-0.66	0.71	0.39	-0.21	0.32	-0.12	0.46	-0.65	0.38	0.53	-0.76	0.33	0.98	0.57

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Sumeet Industries Account Relationship Matchups

Sumeet Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.5B	6.3B	6.0B	4.5B	4.3B	6.8B
Short Long Term Debt Total	6.0B	5.8B	5.4B	4.9B	4.9B	4.3B
Other Current Liab	5.9B	76.1M	84.3M	64.4M	288.0M	557.1M
Total Current Liabilities	7.1B	6.0B	5.6B	4.9B	5.3B	3.9B
Total Stockholder Equity	(537.4M)	(543.7M)	(528.2M)	(1.2B)	(1.8B)	(1.7B)
Property Plant And Equipment Net	2.8B	2.4B	2.1B	1.8B	1.6B	2.9B
Net Debt	5.7B	5.5B	5.1B	4.8B	4.7B	4.0B
Cash	5.1M	8.3M	3.1M	46.3M	211.1M	146.6M
Non Current Assets Total	3.2B	2.9B	2.4B	2.0B	1.8B	3.1B
Non Currrent Assets Other	418.2M	455.3M	239.0M	(1.8B)	153.3M	161.0M
Cash And Short Term Investments	5.1M	8.3M	3.1M	46.3M	211.1M	146.6M
Liabilities And Stockholders Equity	7.5B	6.3B	6.0B	4.5B	4.3B	6.8B
Non Current Liabilities Total	908.0M	776.1M	868.6M	784.7M	739.6M	1.3B
Inventory	1.7B	1.6B	1.6B	1.0B	1.0B	1.5B
Other Current Assets	2.5B	886.1M	106.5M	422.6M	457.5M	896.8M
Other Stockholder Equity	1.9B	1.2B	674.1M	756.9M	683.2M	895.4M
Total Liab	8.0B	6.8B	6.5B	5.7B	6.0B	5.7B
Total Current Assets	4.2B	3.4B	3.6B	2.5B	2.5B	3.7B
Accumulated Other Comprehensive Income	(1.6B)	152.9M	130.7M	82.8M	(2.8B)	(2.7B)
Accounts Payable	1.4B	357.4M	493.0M	384.1M	527.8M	820.8M
Net Receivables	2.0B	848.9M	1.9B	1.0B	820.2M	779.2M
Short Term Debt	5.6B	5.5B	5.0B	4.5B	4.5B	4.0B
Current Deferred Revenue	(5.8B)	73.6M	69.2M	1.3M	9K	9.5K
Retained Earnings	(2.3B)	(2.4B)	(2.4B)	(2.9B)	(3.5B)	(3.3B)
Other Liab	511.6M	456.7M	404.0M	372.3M	335.0M	414.3M
Net Tangible Assets	845.9M	(537.4M)	(543.7M)	(528.2M)	(475.4M)	(451.6M)
Other Assets	(5.7M)	(420.0)	(1K)	7.4B	8.6B	9.0B
Long Term Debt	396.5M	319.4M	464.6M	412.4M	371.2M	352.6M
Short Long Term Debt	5.6B	4.3B	5.0B	4.5B	4.5B	4.1B
Property Plant Equipment	2.8B	2.4B	2.1B	1.8B	1.7B	2.6B
Long Term Debt Total	396.5M	319.4M	464.6M	412.4M	371.2M	352.6M
Short Term Investments	(178.7M)	(283.5M)	0.0	3.9M	4.5M	4.7M
Cash And Equivalents	5.1M	8.3M	3.1M	46.3M	41.6M	39.6M
Net Invested Capital	5.1B	4.1B	5.0B	3.7B	3.1B	4.0B
Non Current Liabilities Other	28K	22.9M	27.4M	46.1M	45.5M	47.8M
Net Working Capital	(2.8B)	(2.6B)	(2.0B)	(2.4B)	(2.8B)	(2.7B)

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Other Information on Investing in Sumeet Stock

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

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Sumeet Current Deferred Revenue vs Retained Earnings Analysis

Current Deferred Revenue vs Retained Earnings

Current Deferred Revenue vs Retained Earnings Correlation Analysis

Correlation Coefficient

Current Deferred Revenue

Retained Earnings

Sumeet Industries fundamental ratios Correlations

Sumeet Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sumeet Industries fundamental ratios Accounts

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Cash And Short Term Investments	+ 1.0	Cash
Net Debt	+ 0.99	Short Long Term Debt Total
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Net Tangible Assets	+ 0.98	Retained Earnings
Inventory	+ 0.97	Total Assets
Total Current Assets	+ 0.97	Total Assets

Current Deferred Revenue	- 0.96	Other Current Liab
Net Tangible Assets	- 0.76	Short Term Debt
Retained Earnings	- 0.76	Short Term Debt
Retained Earnings	- 0.67	Common Stock Shares Outstanding
Retained Earnings	- 0.66	Common Stock
Net Tangible Assets	- 0.66	Common Stock Shares Outstanding