Daqo Total Current Liabilities vs Retained Earnings Analysis
DQ Stock | USD 18.40 0.47 2.49% |
Daqo New financial indicator trend analysis is much more than just examining Daqo New Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Daqo New Energy is a good investment. Please check the relationship between Daqo New Total Current Liabilities and its Retained Earnings accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Daqo New Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.
Total Current Liabilities vs Retained Earnings
Total Current Liabilities vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Daqo New Energy Total Current Liabilities account and Retained Earnings. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Daqo New's Total Current Liabilities and Retained Earnings is 0.91. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Daqo New Energy, assuming nothing else is changed. The correlation between historical values of Daqo New's Total Current Liabilities 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 Total Current Liabilities of Daqo New Energy 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 Total Current Liabilities i.e., Daqo New's Total Current Liabilities and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Current Liabilities
Total Current Liabilities is an item on Daqo New balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Daqo New Energy 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.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 Daqo New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Daqo New Energy 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Daqo New Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index. At this time, Daqo New's Selling General Administrative is relatively stable compared to the past year. As of 06/19/2024, Tax Provision is likely to grow to about 310.7 M, while Discontinued Operations is likely to drop (133.2 K).
2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 581.6M | 1.2B | 1.4B | 1.5B | Research Development | 6.5M | 10.0M | 10.1M | 10.6M |
Daqo New fundamental ratios Correlations
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Daqo New Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Daqo New fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Other Current Liab | 169.5M | 107.5M | 123.1M | 489.6M | 504.8M | 530.0M | |
Total Current Liabilities | 445.1M | 284.1M | 550.5M | 734.8M | 836.4M | 878.3M | |
Total Stockholder Equity | 566.6M | 767.1M | 2.2B | 4.8B | 4.8B | 5.0B | |
Retained Earnings | 200.9M | 330.1M | 1.1B | 2.9B | 3.3B | 3.5B | |
Common Stock Total Equity | 27.3K | 33.4K | 35.0K | 37K | 42.6K | 24.2K | |
Common Stock Shares Outstanding | 70.0M | 75.0M | 76.8M | 77.3M | 75.0M | 47.8M | |
Other Stockholder Equity | 385.6M | 410.7M | 1.0B | 2.1B | 1.7B | 1.8B | |
Total Liab | 634.2M | 440.2M | 672.5M | 948.2M | 960.4M | 510.7M | |
Common Stock | 35K | 37K | 38K | 40K | 41K | 27.6K | |
Total Assets | 1.2B | 1.2B | 3.3B | 7.6B | 7.4B | 7.8B | |
Short Long Term Debt Total | 200.7M | 381.5M | 243.1M | 20.7M | 23.8M | 22.6M | |
Other Liab | 37.5M | 32.9M | 122.0M | 213.4M | 245.4M | 257.7M | |
Property Plant And Equipment Net | 995.2M | 1.0B | 1.6B | 2.6B | 3.6B | 3.8B | |
Current Deferred Revenue | 33.0M | 37.8M | 203.0M | 122.0M | 149.0M | 156.4M | |
Net Debt | 329.6M | 166.5M | (724.0M) | (3.5B) | (3.0B) | (2.9B) | |
Accounts Payable | 12.7M | 19.0M | 81.5M | 102.6M | 92.9M | 97.5M | |
Cash | 51.8M | 76.6M | 724.0M | 3.5B | 3.0B | 3.2B | |
Non Current Assets Total | 1.0B | 1.1B | 1.6B | 2.7B | 3.9B | 4.0B | |
Non Currrent Assets Other | 217K | 153K | 820K | (378K) | 45.1M | 42.8M | |
Other Assets | 1.6M | 153K | 820K | 98.6M | 113.4M | 119.1M | |
Cash And Short Term Investments | 51.8M | 76.6M | 1.0B | 3.5B | 3.0B | 3.2B | |
Net Receivables | 5.7M | 282K | 365.9M | 1.1B | 116.4M | 132.7M | |
Liabilities And Stockholders Equity | 1.2B | 1.2B | 3.3B | 7.6B | 7.4B | 7.8B | |
Non Current Liabilities Total | 189.1M | 156.1M | 122.0M | 213.4M | 124.0M | 172.9M | |
Inventory | 36.4M | 42.2M | 327.8M | 169.5M | 187.6M | 197.0M | |
Other Current Assets | 15.3M | 11.5M | 45.1M | 53.8M | 224.6M | 235.9M | |
Property Plant And Equipment Gross | 995.2M | 1.0B | 2.0B | 2.6B | 4.2B | 4.4B | |
Total Current Assets | 174.3M | 180.3M | 1.7B | 4.9B | 3.6B | 3.8B | |
Accumulated Other Comprehensive Income | (19.9M) | 26.3M | 67.8M | (176.0M) | (294.0M) | (279.3M) | |
Short Term Debt | 229.9M | 119.9M | 142.9M | 20.7M | 89.8M | 121.8M | |
Intangible Assets | 29.6M | 30.8M | 40.7M | 80.3M | 150.4M | 157.9M | |
Property Plant Equipment | 995.2M | 1.0B | 1.6B | 2.6B | 3.0B | 3.1B | |
Net Tangible Assets | 537.0M | 736.3M | 2.1B | 4.8B | 5.5B | 5.8B | |
Long Term Investments | 687.1K | 649.8K | 642.0K | 685K | 616.5K | 624.5K | |
Short Long Term Debt | 67.4M | 230.6M | 119.8M | 20.7M | 18.6M | 17.7M | |
Capital Surpluse | 387.4M | 412.5M | 1.0B | 2.2B | 2.5B | 2.7B |
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