Phillips Long Term Investments vs Current Deferred Revenue Analysis

PSX Stock

USD 137.00 0.67 0.49%

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 Long Term Investments 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.

Long Term Investments vs Current Deferred Revenue

Long Term Investments 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 Long Term Investments account and Current Deferred Revenue. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Phillips' Long Term Investments and Current Deferred Revenue is 0.91. Overlapping area represents the amount of variation of Long Term Investments 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' Long Term Investments 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 Long Term Investments 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 Long Term Investments i.e., Phillips' Long Term Investments and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Long Term Investments

Long Term Investments is an item on the asset side of Phillips balance sheet that represents investments Phillips 66 intends to hold for over a year. Phillips 66 long term investments may include different instruments such as stocks, bonds, real estate and cash.

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 7.73 in 2024, whereas Selling General Administrative is likely to drop slightly above 2.4 B in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	605M	642M	928M	974.4M
Depreciation And Amortization	1.6B	1.6B	2.0B	1.4B

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		0.86	0.57	0.68	0.65	0.73	0.79	0.97	0.64	0.76	0.9	0.35	0.36	0.96	-0.64	0.03	0.86	0.52	-0.73	0.57	0.89	-0.7	0.88	-0.06	-0.41	-0.75
Short Long Term Debt Total	0.86		0.29	0.39	0.24	0.87	0.74	0.85	0.79	0.85	0.9	0.02	0.27	0.88	-0.37	0.33	1.0	0.17	-0.8	0.68	0.91	-0.85	0.99	0.04	-0.31	-0.9
Other Current Liab	0.57	0.29		0.65	0.56	0.18	0.3	0.62	0.29	0.35	0.4	0.39	0.15	0.55	-0.38	0.08	0.26	0.56	-0.58	0.16	0.39	-0.27	0.3	0.12	-0.24	-0.2
Total Current Liabilities	0.68	0.39	0.65		0.46	0.12	0.54	0.55	0.42	0.33	0.38	0.84	0.53	0.49	-0.45	-0.2	0.38	0.93	-0.56	0.47	0.36	-0.18	0.43	-0.18	-0.32	-0.27
Total Stockholder Equity	0.65	0.24	0.56	0.46		0.27	0.4	0.67	-0.05	0.31	0.5	0.34	0.02	0.63	-0.76	-0.38	0.25	0.48	-0.15	-0.01	0.48	-0.19	0.27	0.01	-0.49	-0.2
Other Liab	0.73	0.87	0.18	0.12	0.27		0.7	0.78	0.67	0.78	0.88	-0.2	0.06	0.84	-0.36	0.21	0.88	-0.05	-0.57	0.62	0.89	-0.82	0.87	-0.01	-0.28	-0.84
Net Tangible Assets	0.79	0.74	0.3	0.54	0.4	0.7		0.7	0.8	0.58	0.79	0.34	0.58	0.72	-0.58	-0.05	0.76	0.48	-0.47	0.89	0.79	-0.53	0.77	-0.2	-0.36	-0.69
Property Plant And Equipment Net	0.97	0.85	0.62	0.55	0.67	0.78	0.7		0.57	0.78	0.91	0.2	0.19	0.99	-0.62	0.11	0.85	0.38	-0.74	0.46	0.9	-0.72	0.86	0.07	-0.41	-0.73
Current Deferred Revenue	0.64	0.79	0.29	0.42	-0.05	0.67	0.8	0.57		0.64	0.7	0.12	0.55	0.61	-0.21	0.35	0.81	0.27	-0.71	0.89	0.71	-0.68	0.8	-0.14	-0.12	-0.77
Net Debt	0.76	0.85	0.35	0.33	0.31	0.78	0.58	0.78	0.64		0.83	-0.18	0.03	0.83	-0.46	0.33	0.84	0.16	-0.76	0.53	0.81	-0.93	0.84	-0.12	-0.64	-0.93
Retained Earnings	0.9	0.9	0.4	0.38	0.5	0.88	0.79	0.91	0.7	0.83		0.02	0.18	0.95	-0.48	0.12	0.91	0.2	-0.63	0.62	1.0	-0.87	0.9	0.05	-0.4	-0.9
Accounts Payable	0.35	0.02	0.39	0.84	0.34	-0.2	0.34	0.2	0.12	-0.18	0.02		0.48	0.12	-0.21	-0.41	0.02	0.89	-0.13	0.25	0.01	0.3	0.06	-0.06	0.01	0.18
Cash	0.36	0.27	0.15	0.53	0.02	0.06	0.58	0.19	0.55	0.03	0.18	0.48		0.14	-0.41	-0.14	0.3	0.44	-0.29	0.63	0.18	-0.01	0.32	-0.52	0.09	-0.2
Non Current Assets Total	0.96	0.88	0.55	0.49	0.63	0.84	0.72	0.99	0.61	0.83	0.95	0.12	0.14		-0.57	0.11	0.88	0.32	-0.71	0.49	0.95	-0.8	0.88	0.04	-0.41	-0.81
Non Currrent Assets Other	-0.64	-0.37	-0.38	-0.45	-0.76	-0.36	-0.58	-0.62	-0.21	-0.46	-0.48	-0.21	-0.41	-0.57		0.32	-0.39	-0.42	0.29	-0.33	-0.45	0.28	-0.41	0.49	0.62	0.37
Other Assets	0.03	0.33	0.08	-0.2	-0.38	0.21	-0.05	0.11	0.35	0.33	0.12	-0.41	-0.14	0.11	0.32		0.32	-0.23	-0.47	0.05	0.12	-0.34	0.31	0.42	0.02	-0.26
Long Term Debt	0.86	1.0	0.26	0.38	0.25	0.88	0.76	0.85	0.81	0.84	0.91	0.02	0.3	0.88	-0.39	0.32		0.17	-0.77	0.69	0.91	-0.84	0.99	0.02	-0.3	-0.9
Net Receivables	0.52	0.17	0.56	0.93	0.48	-0.05	0.48	0.38	0.27	0.16	0.2	0.89	0.44	0.32	-0.42	-0.23	0.17		-0.33	0.37	0.18	0.05	0.23	-0.12	-0.35	-0.06
Good Will	-0.73	-0.8	-0.58	-0.56	-0.15	-0.57	-0.47	-0.74	-0.71	-0.76	-0.63	-0.13	-0.29	-0.71	0.29	-0.47	-0.77	-0.33		-0.51	-0.62	0.7	-0.79	-0.01	0.33	0.69
Common Stock Total Equity	0.57	0.68	0.16	0.47	-0.01	0.62	0.89	0.46	0.89	0.53	0.62	0.25	0.63	0.49	-0.33	0.05	0.69	0.37	-0.51		0.62	-0.51	0.7	-0.31	-0.27	-0.67
Retained Earnings Total Equity	0.89	0.91	0.39	0.36	0.48	0.89	0.79	0.9	0.71	0.81	1.0	0.01	0.18	0.95	-0.45	0.12	0.91	0.18	-0.62	0.62		-0.86	0.9	0.07	-0.35	-0.89
Common Stock Shares Outstanding	-0.7	-0.85	-0.27	-0.18	-0.19	-0.82	-0.53	-0.72	-0.68	-0.93	-0.87	0.3	-0.01	-0.8	0.28	-0.34	-0.84	0.05	0.7	-0.51	-0.86		-0.83	0.05	0.41	0.97
Non Current Liabilities Total	0.88	0.99	0.3	0.43	0.27	0.87	0.77	0.86	0.8	0.84	0.9	0.06	0.32	0.88	-0.41	0.31	0.99	0.23	-0.79	0.7	0.9	-0.83		0.0	-0.32	-0.89
Inventory	-0.06	0.04	0.12	-0.18	0.01	-0.01	-0.2	0.07	-0.14	-0.12	0.05	-0.06	-0.52	0.04	0.49	0.42	0.02	-0.12	-0.01	-0.31	0.07	0.05	0.0		0.18	0.14
Other Current Assets	-0.41	-0.31	-0.24	-0.32	-0.49	-0.28	-0.36	-0.41	-0.12	-0.64	-0.4	0.01	0.09	-0.41	0.62	0.02	-0.3	-0.35	0.33	-0.27	-0.35	0.41	-0.32	0.18		0.46
Other Stockholder Equity	-0.75	-0.9	-0.2	-0.27	-0.2	-0.84	-0.69	-0.73	-0.77	-0.93	-0.9	0.18	-0.2	-0.81	0.37	-0.26	-0.9	-0.06	0.69	-0.67	-0.89	0.97	-0.89	0.14	0.46

Click cells to compare fundamentals

Phillips Account Relationship Matchups

Phillips fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	58.7B	54.7B	55.6B	76.4B	75.5B	59.2B
Short Long Term Debt Total	11.8B	15.9B	14.4B	17.2B	19.4B	10.4B
Other Current Liab	1.5B	1.6B	1.6B	2.6B	2.3B	1.7B
Total Current Liabilities	11.6B	9.5B	12.8B	15.9B	15.9B	12.6B
Total Stockholder Equity	24.9B	19.0B	19.2B	29.5B	31.7B	26.4B
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	23.8B	23.7B	22.4B	35.2B	35.7B	23.5B
Current Deferred Revenue	979M	1.4B	1.3B	1.4B	1.2B	988.4M
Noncontrolling Interest In Consolidated Entity	2.3B	2.5B	2.5B	4.6B	5.3B	5.6B
Net Debt	10.1B	13.4B	11.3B	11.1B	16.0B	16.8B
Retained Earnings	22.1B	16.5B	16.2B	25.4B	30.6B	16.1B
Accounts Payable	8.6B	5.5B	8.5B	11.3B	10.9B	7.0B
Cash	1.6B	2.5B	3.1B	6.1B	3.3B	3.6B
Non Current Assets Total	44.3B	41.4B	40.9B	54.5B	55.6B	42.3B
Non Currrent Assets Other	1.8B	1.8B	1.7B	(4.3B)	(5.0B)	(4.7B)
Other Assets	674M	39.2B	1.6B	1.1B	1.3B	1.2B
Long Term Debt	11.2B	14.7B	12.7B	16.4B	17.9B	9.8B
Net Receivables	8.5B	6.5B	7.5B	11.0B	11.7B	9.2B
Retained Earnings Total Equity	22.1B	16.5B	16.2B	25.4B	29.2B	14.6B
Common Stock Shares Outstanding	453.9M	439.5M	440.4M	473.7M	453.2M	430.8M
Liabilities And Stockholders Equity	58.7B	54.7B	55.6B	76.4B	75.5B	59.2B
Non Current Liabilities Total	19.9B	23.7B	21.2B	26.4B	28.0B	18.7B
Inventory	3.8B	3.9B	3.4B	3.3B	3.8B	2.8B
Other Current Assets	495M	347M	686M	1.5B	(3.3B)	(3.2B)
Other Stockholder Equity	3.6B	3.3B	3.4B	4.5B	315M	299.3M
Total Liab	31.6B	33.2B	34.0B	42.3B	43.9B	31.4B
Deferred Long Term Liab	7.0B	6.8B	6.4B	8.0B	9.2B	4.9B
Long Term Investments	14.6B	13.6B	14.5B	15.0B	14.9B	13.4B
Property Plant And Equipment Gross	23.8B	23.7B	39.8B	53.0B	55.2B	58.0B
Short Long Term Debt	547M	971M	1.5B	529M	1.5B	1.6B
Total Current Assets	14.4B	13.3B	14.7B	21.9B	19.9B	16.9B
Accumulated Other Comprehensive Income	(788M)	(789M)	(445M)	(460M)	(282M)	(296.1M)
Treasury Stock	(15.0B)	(16.7B)	(17.1B)	(15.3B)	(13.7B)	(14.4B)
Short Term Debt	547M	987M	1.5B	529M	1.5B	1.6B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

WMT	Walmart
MIDNX	Matthews India Fund
QCOM	Qualcomm Incorporated

Additional Tools for Phillips Stock Analysis

When running Phillips' price analysis, check to measure Phillips' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Phillips is operating at the current time. Most of Phillips' value examination focuses on studying past and present price action to predict the probability of Phillips' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phillips' price. Additionally, you may evaluate how the addition of Phillips to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Phillips Long Term Investments vs Current Deferred Revenue Analysis

Long Term Investments vs Current Deferred Revenue

Long Term Investments vs Current Deferred Revenue Correlation Analysis

Correlation Coefficient

Long Term Investments

Current Deferred Revenue

Phillips fundamental ratios Correlations

Phillips Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Phillips fundamental ratios Accounts

Also Currently Popular

Additional Tools for Phillips Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Long Term Debt	+ 1.0	Short Long Term Debt Total
Retained Earnings Total Equity	+ 1.0	Retained Earnings
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Non Current Liabilities Total	+ 0.99	Long Term Debt
Property Plant And Equipment Net	+ 0.97	Total Assets

Other Stockholder Equity	- 0.93	Net Debt
Common Stock Shares Outstanding	- 0.93	Net Debt
Other Stockholder Equity	- 0.9	Long Term Debt
Other Stockholder Equity	- 0.9	Retained Earnings
Other Stockholder Equity	- 0.9	Short Long Term Debt Total
Other Stockholder Equity	- 0.89	Non Current Liabilities Total