Automatic Total Stockholder Equity vs Short Term Investments Analysis

0HJI Stock   303.87  2.84  0.94%   
Automatic Data financial indicator trend analysis is way more than just evaluating Automatic Data Processing prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Automatic Data Processing is a good investment. Please check the relationship between Automatic Data Total Stockholder Equity and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Automatic Data Processing. 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.

Total Stockholder Equity vs Short Term Investments

Total Stockholder Equity vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Automatic Data Processing Total Stockholder Equity account and Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Automatic Data's Total Stockholder Equity and Short Term Investments is -0.3. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Automatic Data Processing, assuming nothing else is changed. The correlation between historical values of Automatic Data's Total Stockholder Equity and Short Term Investments 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 Stockholder Equity of Automatic Data Processing are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Total Stockholder Equity i.e., Automatic Data's Total Stockholder Equity and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.3
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Short Term Investments

Short Term Investments is an item under the current assets section of Automatic Data balance sheet. It contains any investments Automatic Data Processing undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Automatic Data Processing can easily liquidate in the marketplace.
Most indicators from Automatic Data's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Automatic Data Processing 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 Automatic Data Processing. 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.
Tax Provision is likely to drop to about 713 M in 2024. Selling General Administrative is likely to drop to about 3.2 B in 2024
 2021 2022 2023 2024 (projected)
Total Revenue16.5B18.0B19.2B15.2B
Depreciation And Amortization515.1M549.3M561.9M440.4M

Automatic Data fundamental ratios Correlations

0.850.990.99-0.730.730.80.87-0.720.30.710.76-0.250.310.91-0.16-0.740.40.870.98-0.861.00.99-0.230.82-0.32
0.850.790.81-0.540.760.90.89-0.810.390.670.79-0.160.390.86-0.33-0.740.320.90.81-0.840.840.830.110.81-0.27
0.990.791.0-0.780.680.730.83-0.660.280.660.7-0.240.290.88-0.16-0.70.380.830.99-0.821.00.99-0.310.77-0.29
0.990.811.0-0.770.690.770.84-0.680.270.660.71-0.230.280.89-0.18-0.70.380.830.99-0.831.00.99-0.260.78-0.29
-0.73-0.54-0.78-0.77-0.39-0.45-0.580.45-0.37-0.3-0.390.2-0.38-0.560.410.66-0.3-0.66-0.760.7-0.77-0.760.42-0.460.31
0.730.760.680.69-0.390.760.86-0.790.160.820.80.150.160.850.07-0.70.290.760.65-0.80.720.67-0.170.91-0.26
0.80.90.730.77-0.450.760.84-0.81-0.010.720.79-0.01-0.020.83-0.16-0.720.30.740.76-0.80.780.760.250.82-0.29
0.870.890.830.84-0.580.860.84-0.860.290.870.94-0.010.290.98-0.07-0.810.490.880.79-0.940.860.81-0.080.95-0.4
-0.72-0.81-0.66-0.680.45-0.79-0.81-0.86-0.2-0.83-0.83-0.12-0.2-0.84-0.090.78-0.44-0.75-0.620.83-0.7-0.65-0.11-0.870.42
0.30.390.280.27-0.370.16-0.010.29-0.20.020.16-0.431.00.25-0.39-0.390.350.530.28-0.370.310.34-0.310.13-0.31
0.710.670.660.66-0.30.820.720.87-0.830.020.950.110.020.890.37-0.650.350.720.58-0.770.680.6-0.10.96-0.28
0.760.790.70.71-0.390.80.790.94-0.830.160.95-0.030.150.930.11-0.720.390.820.64-0.840.740.67-0.010.95-0.31
-0.25-0.16-0.24-0.230.20.15-0.01-0.01-0.12-0.430.11-0.03-0.43-0.070.270.22-0.31-0.27-0.290.14-0.24-0.30.050.060.29
0.310.390.290.28-0.380.16-0.020.29-0.21.00.020.15-0.430.24-0.39-0.390.350.530.28-0.370.320.34-0.320.13-0.31
0.910.860.880.89-0.560.850.830.98-0.840.250.890.93-0.070.240.0-0.770.470.870.84-0.910.90.86-0.10.96-0.35
-0.16-0.33-0.16-0.180.410.07-0.16-0.07-0.09-0.390.370.110.27-0.390.00.160.08-0.24-0.240.14-0.19-0.25-0.230.12-0.06
-0.74-0.74-0.7-0.70.66-0.7-0.72-0.810.78-0.39-0.65-0.720.22-0.39-0.770.16-0.66-0.78-0.680.96-0.73-0.710.07-0.740.73
0.40.320.380.38-0.30.290.30.49-0.440.350.350.39-0.310.350.470.08-0.660.280.35-0.620.380.38-0.070.33-0.95
0.870.90.830.83-0.660.760.740.88-0.750.530.720.82-0.270.530.87-0.24-0.780.280.81-0.870.880.84-0.170.84-0.25
0.980.810.990.99-0.760.650.760.79-0.620.280.580.64-0.290.280.84-0.24-0.680.350.81-0.790.991.0-0.230.72-0.28
-0.86-0.84-0.82-0.830.7-0.8-0.8-0.940.83-0.37-0.77-0.840.14-0.37-0.910.140.96-0.62-0.87-0.79-0.85-0.820.13-0.860.61
1.00.841.01.0-0.770.720.780.86-0.70.310.680.74-0.240.320.9-0.19-0.730.380.880.99-0.850.99-0.260.8-0.29
0.990.830.990.99-0.760.670.760.81-0.650.340.60.67-0.30.340.86-0.25-0.710.380.841.0-0.820.99-0.240.74-0.3
-0.230.11-0.31-0.260.42-0.170.25-0.08-0.11-0.31-0.1-0.010.05-0.32-0.1-0.230.07-0.07-0.17-0.230.13-0.26-0.24-0.080.04
0.820.810.770.78-0.460.910.820.95-0.870.130.960.950.060.130.960.12-0.740.330.840.72-0.860.80.74-0.08-0.26
-0.32-0.27-0.29-0.290.31-0.26-0.29-0.40.42-0.31-0.28-0.310.29-0.31-0.35-0.060.73-0.95-0.25-0.280.61-0.29-0.30.04-0.26
Click cells to compare fundamentals

Automatic Data Account Relationship Matchups

Automatic Data fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets39.2B48.8B63.1B51.0B54.4B47.2B
Short Long Term Debt Total2.5B3.4B3.6B3.5B3.8B2.5B
Other Current Liab28.7B37.6B54.6B42.2B44.3B37.3B
Total Current Liabilities30.1B38.1B55.2B42.8B45.1B38.1B
Total Stockholder Equity5.8B5.7B3.2B3.5B4.5B3.9B
Property Plant And Equipment Net1.2B1.1B1.1B1.1B1.1B978.9M
Net Debt549.6M871.2M2.2B1.5B885.2M929.5M
Retained Earnings18.4B19.5B20.7B22.1B23.6B19.0B
Accounts Payable102M141.1M110.2M96.8M100.6M107.8M
Cash1.9B2.6B1.4B2.1B2.9B2.4B
Non Current Assets Total7.6B8.0B8.3B8.8B8.8B7.3B
Non Currrent Assets Other2.8B3.3B3.2B3.6B4.1B2.8B
Cash And Short Term Investments1.9B2.6B1.5B2.1B2.9B2.4B
Net Receivables2.4B2.7B3.2B3.0B3.4B2.5B
Good Will2.3B2.3B2.3B2.3B2.4B2.4B
Common Stock Shares Outstanding432.7M428.1M421.1M415.7M412.2M356.4M
Liabilities And Stockholders Equity39.2B48.8B63.1B51.0B54.4B47.2B
Non Current Liabilities Total3.3B5.0B4.7B4.7B4.7B3.7B
Other Current Assets27.2B35.4B50.2B37.1B39.2B35.1B
Other Stockholder Equity(12.7B)(13.9B)(15.5B)(16.4B)(17.3B)(18.2B)
Total Liab33.4B43.1B59.8B47.5B49.8B41.8B
Total Current Assets31.6B40.7B54.8B42.2B45.5B39.9B
Accumulated Other Comprehensive Income(14.8M)10.6M(2.0B)(2.3B)(1.8B)(1.7B)
Short Term Debt1.1B118.2M232.7M202.1M478.7M524.8M
Intangible Assets1.2B1.2B1.3B1.3B1.3B1.0B
Current Deferred Revenue212.5M203.9M188.2M188.6M199.8M169.4M
Capital Surpluse1.0B1.2B1.3B1.5B1.8B1.3B
Treasury Stock(12.2B)(13.1B)(14.1B)(15.4B)(13.8B)(14.5B)
Property Plant Equipment1.2B1.1B1.1B1.1B1.2B1.1B
Other Liab1.9B1.7B1.3B1.4B1.2B1.3B
Net Tangible Assets2.2B2.1B(408.3M)(173.9M)(156.5M)(148.7M)
Deferred Long Term Liab2.4B2.5B2.6B2.8B3.2B2.8B

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