Burning Current Deferred Revenue vs Capital Lease Obligations Analysis

BNR Stock  USD 7.80  0.16  2.09%   
Burning Rock financial indicator trend analysis is way more than just evaluating Burning Rock Biotech prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Burning Rock Biotech is a good investment. Please check the relationship between Burning Rock Current Deferred Revenue and its Capital Lease Obligations accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Burning Rock Biotech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Current Deferred Revenue vs Capital Lease Obligations

Current Deferred Revenue vs Capital Lease Obligations Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Burning Rock Biotech Current Deferred Revenue account and Capital Lease Obligations. At this time, the significance of the direction appears to have strong relationship.
The correlation between Burning Rock's Current Deferred Revenue and Capital Lease Obligations is 0.76. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Burning Rock Biotech, assuming nothing else is changed. The correlation between historical values of Burning Rock's Current Deferred Revenue and Capital Lease Obligations 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 Burning Rock Biotech are associated (or correlated) with its Capital Lease Obligations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Lease Obligations has no effect on the direction of Current Deferred Revenue i.e., Burning Rock's Current Deferred Revenue and Capital Lease Obligations go up and down completely randomly.

Correlation Coefficient

0.76
Relationship DirectionPositive 
Relationship StrengthSignificant

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.

Capital Lease Obligations

Burning Rock Biotech capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Burning Rock asset purchases. For example, Burning Rock can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Burning Rock control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.
Most indicators from Burning Rock's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Burning Rock Biotech 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 Burning Rock Biotech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
As of 06/08/2024, Tax Provision is likely to grow to about 3.4 M, while Selling General Administrative is likely to drop slightly above 327.9 M.
 2021 2022 2023 2024 (projected)
Gross Profit364.1M380.0M363.2M298.8M
Total Revenue507.9M563.2M537.4M430.6M

Burning Rock fundamental ratios Correlations

0.29-0.440.530.310.30.480.330.520.57-0.28-0.510.410.250.520.320.51-0.450.20.450.44-0.14-0.45-0.290.470.47
0.29-0.810.770.270.960.490.940.730.68-0.99-0.610.830.990.750.750.84-0.840.990.510.840.47-0.84-0.680.790.55
-0.44-0.81-0.84-0.08-0.76-0.4-0.79-0.64-0.760.790.86-0.6-0.74-0.67-0.42-0.790.99-0.76-0.88-0.9-0.370.990.53-0.96-0.39
0.530.77-0.840.590.80.620.80.880.95-0.77-0.870.850.730.870.650.87-0.850.680.660.880.01-0.85-0.710.820.71
0.310.27-0.080.590.390.620.360.690.66-0.27-0.410.710.310.630.50.47-0.10.18-0.130.4-0.63-0.1-0.650.050.7
0.30.96-0.760.80.390.520.990.720.75-0.99-0.670.830.990.720.710.86-0.770.960.390.890.3-0.77-0.830.750.55
0.480.49-0.40.620.620.520.530.880.77-0.47-0.530.770.470.870.720.84-0.450.380.30.56-0.3-0.45-0.520.450.9
0.330.94-0.790.80.360.990.530.710.78-0.97-0.720.790.970.70.670.88-0.790.930.420.920.27-0.79-0.850.790.53
0.520.73-0.640.880.690.720.880.710.9-0.69-0.680.950.681.00.840.91-0.690.610.490.74-0.1-0.69-0.620.650.94
0.570.68-0.760.950.660.750.770.780.9-0.69-0.90.820.660.880.610.91-0.760.570.570.88-0.2-0.76-0.770.760.76
-0.28-0.990.79-0.77-0.27-0.99-0.47-0.97-0.69-0.690.61-0.8-0.99-0.71-0.73-0.840.81-0.98-0.46-0.85-0.450.810.73-0.79-0.53
-0.51-0.610.86-0.87-0.41-0.67-0.53-0.72-0.68-0.90.61-0.59-0.58-0.67-0.27-0.790.81-0.53-0.69-0.930.140.820.73-0.78-0.42
0.410.83-0.60.850.710.830.770.790.950.82-0.8-0.590.810.950.890.87-0.650.750.350.740.02-0.65-0.70.590.88
0.250.99-0.740.730.310.990.470.970.680.66-0.99-0.580.810.690.720.82-0.760.990.380.840.41-0.76-0.760.720.51
0.520.75-0.670.870.630.720.870.71.00.88-0.71-0.670.950.690.850.91-0.730.640.550.73-0.02-0.73-0.570.680.93
0.320.75-0.420.650.50.710.720.670.840.61-0.73-0.270.890.720.850.76-0.520.680.260.480.23-0.52-0.430.530.9
0.510.84-0.790.870.470.860.840.880.910.91-0.84-0.790.870.820.910.76-0.820.760.580.890.07-0.82-0.730.820.78
-0.45-0.840.99-0.85-0.1-0.77-0.45-0.79-0.69-0.760.810.81-0.65-0.76-0.73-0.52-0.82-0.78-0.88-0.87-0.421.00.49-0.97-0.47
0.20.99-0.760.680.180.960.380.930.610.57-0.98-0.530.750.990.640.680.76-0.780.420.80.54-0.78-0.660.730.44
0.450.51-0.880.66-0.130.390.30.420.490.57-0.46-0.690.350.380.550.260.58-0.880.420.60.37-0.88-0.10.870.31
0.440.84-0.90.880.40.890.560.920.740.88-0.85-0.930.740.840.730.480.89-0.870.80.60.08-0.87-0.850.830.48
-0.140.47-0.370.01-0.630.3-0.30.27-0.1-0.2-0.450.140.020.41-0.020.230.07-0.420.540.370.08-0.410.230.42-0.15
-0.45-0.840.99-0.85-0.1-0.77-0.45-0.79-0.69-0.760.810.82-0.65-0.76-0.73-0.52-0.821.0-0.78-0.88-0.87-0.410.49-0.97-0.47
-0.29-0.680.53-0.71-0.65-0.83-0.52-0.85-0.62-0.770.730.73-0.7-0.76-0.57-0.43-0.730.49-0.66-0.1-0.850.230.49-0.47-0.44
0.470.79-0.960.820.050.750.450.790.650.76-0.79-0.780.590.720.680.530.82-0.970.730.870.830.42-0.97-0.470.47
0.470.55-0.390.710.70.550.90.530.940.76-0.53-0.420.880.510.930.90.78-0.470.440.310.48-0.15-0.47-0.440.47
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Burning Rock Account Relationship Matchups

Burning Rock fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding86.8M68.6M104.2M103.9M102.4M89.6M
Total Assets847.6M2.7B2.3B1.6B1.0B1.6B
Short Long Term Debt Total67.5M46.9M86.7M50.8M12.3M11.7M
Other Current Liab54.1M83.6M127.9M173.8M104.9M105.6M
Total Current Liabilities164.4M241.5M372.2M411.5M263.4M318.6M
Total Stockholder Equity(891.5M)2.4B1.8B1.2B768.4M861.3M
Other Liab991K491K11.8M4.1M4.7M4.3M
Net Tangible Assets(891.8M)2.4B1.8B1.2B1.3B862.0M
Property Plant And Equipment Net89.3M111.5M406.4M300.0M144.2M205.5M
Current Deferred Revenue53.6M75.5M143.8M149.4M131.7M112.2M
Net Debt(26.8M)(1.8B)(1.3B)(854.7M)(602.8M)(632.9M)
Retained Earnings(946.5M)(1.4B)(2.2B)(3.2B)(3.9B)(3.7B)
Accounts Payable12.3M35.5M63.1M50.9M18.1M36.0M
Cash94.2M1.9B1.4B905.5M615.1M923.0M
Non Current Assets Total140.8M139.4M457.6M328.7M155.9M238.7M
Non Currrent Assets Other11.0M23.0M45.1M26.0M5.1M4.8M
Other Assets11.0M23.0M45.1M26.0M29.9M24.8M
Cash And Short Term Investments408.2M2.3B1.5B905.5M615.1M1.1B
Net Receivables208.5M111.0M134.6M151.7M167.8M156.9M
Short Term Investments314.0M362.1M63.8M2.1M13.4M12.7M
Liabilities And Stockholders Equity847.6M2.7B2.3B1.6B1.0B1.6B
Non Current Liabilities Total1.6B491K61.1M17.7M8.2M7.8M
Capital Lease Obligations9.7M4.8M84.3M50.8M12.3M11.7M
Inventory58.1M68.0M123.2M130.3M69.0M91.3M
Other Current Assets1.3M57.3M60.3M51.5M2.8M2.7M
Other Stockholder Equity(1.5B)4.0B4.3B4.5B4.8B3.0B
Total Liab1.7B242.0M433.3M429.1M271.6M258.0M
Net Invested Capital(833.7M)2.5B1.8B1.2B768.4M928.4M
Long Term Investments40.2M1.4M910K690K337K320.2K
Property Plant And Equipment Gross89.3M111.5M406.4M300.0M548.3M279.6M
Total Current Assets706.8M2.5B1.8B1.3B884.1M1.4B
Accumulated Other Comprehensive Income9.3M(167.6M)(207.1M)(165.7M)(161.5M)(169.6M)
Net Working Capital542.3M2.3B1.4B847.3M620.7M1.1B
Short Term Debt44.4M46.9M37.4M37.2M8.6M8.2M
Intangible Assets343K3.5M5.2M161K964K915.8K
Property Plant Equipment89.3M111.5M406.4M300.0M345.0M214.9M

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