EmbedWay Total Assets vs Intangible Assets Analysis

603496 Stock   24.49  0.44  1.76%   
EmbedWay TechCorp financial indicator trend analysis is much more than just examining EmbedWay TechCorp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EmbedWay TechCorp is a good investment. Please check the relationship between EmbedWay TechCorp Total Assets and its Intangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in EmbedWay TechCorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Total Assets vs Intangible Assets

Total Assets vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EmbedWay TechCorp Total Assets account and Intangible Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between EmbedWay TechCorp's Total Assets and Intangible Assets is 0.92. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of EmbedWay TechCorp, assuming nothing else is changed. The correlation between historical values of EmbedWay TechCorp's Total Assets and Intangible Assets 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 Assets of EmbedWay TechCorp are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Total Assets i.e., EmbedWay TechCorp's Total Assets and Intangible Assets go up and down completely randomly.

Correlation Coefficient

0.92
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Assets

Total assets refers to the total amount of EmbedWay TechCorp assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in EmbedWay TechCorp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from EmbedWay TechCorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EmbedWay TechCorp 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 EmbedWay TechCorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
As of December 26, 2024, Selling General Administrative is expected to decline to about 51.5 M. The current year's Tax Provision is expected to grow to about (236.7 K)
 2021 2022 2023 2024 (projected)
Operating Income26.8M83.2M117.4M66.8M
Total Revenue678.2M770.5M771.4M436.4M

EmbedWay TechCorp fundamental ratios Correlations

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0.690.360.530.810.60.750.640.660.580.940.550.530.730.830.730.540.780.78-0.490.340.80.560.73-0.70.45
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0.950.850.950.760.970.740.550.920.960.880.680.950.940.670.890.950.830.87-0.50.890.590.960.87-0.720.86
0.950.831.00.670.930.660.530.890.910.880.590.950.860.630.860.860.760.78-0.550.970.60.90.84-0.680.88
0.920.70.860.820.950.790.730.880.970.80.830.940.860.740.870.960.870.93-0.610.760.640.940.87-0.720.77
0.810.670.630.970.70.950.830.70.780.830.910.670.630.740.890.580.940.9-0.490.510.890.670.89-0.860.63
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0.860.690.860.690.930.650.540.850.940.740.640.950.860.960.580.780.760.82-0.550.820.440.920.79-0.590.82
0.90.750.760.990.830.970.780.850.890.880.90.830.760.870.940.920.760.97-0.470.650.820.810.97-0.840.76
0.90.740.780.950.880.950.780.810.920.840.920.870.780.930.90.90.820.97-0.590.660.790.890.95-0.840.77
-0.53-0.38-0.55-0.42-0.58-0.46-0.49-0.27-0.63-0.43-0.54-0.5-0.55-0.61-0.49-0.48-0.55-0.47-0.59-0.52-0.46-0.63-0.490.48-0.47
0.880.820.970.550.870.540.340.810.850.830.420.890.970.760.510.770.820.650.66-0.520.460.840.76-0.570.88
0.760.690.60.830.570.870.80.610.690.810.840.590.60.640.890.820.440.820.79-0.460.460.570.76-0.930.47
0.910.780.90.740.980.740.560.850.940.820.720.960.90.940.670.850.920.810.89-0.630.840.570.84-0.670.8
0.920.770.840.940.860.920.730.870.90.880.830.870.840.870.890.90.790.970.95-0.490.760.760.84-0.810.89
-0.8-0.82-0.68-0.83-0.65-0.87-0.7-0.65-0.79-0.85-0.78-0.72-0.68-0.72-0.86-0.84-0.59-0.84-0.840.48-0.57-0.93-0.67-0.81-0.6
0.820.730.880.690.830.670.450.790.820.750.530.860.880.770.630.730.820.760.77-0.470.880.470.80.89-0.6
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EmbedWay TechCorp Account Relationship Matchups

EmbedWay TechCorp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets963.4M1.2B1.6B1.7B2.4B2.6B
Other Current Liab42.3M29.8M16.1M53.5M69.6M73.1M
Total Current Liabilities158.7M352.9M435.5M434.4M1.1B1.1B
Total Stockholder Equity801.4M815.2M1.2B1.3B1.4B707.5M
Other Liab1.2M3.0M5.2M7.6M8.7M9.1M
Retained Earnings311.8M327.5M370.4M447.5M453.4M259.5M
Accounts Payable84.3M195.6M284.2M125.7M149.5M109.6M
Cash73.8M155.1M332.5M301.4M442.6M464.8M
Other Assets29.6M18.7M57.2M64.7M74.4M78.2M
Net Receivables289.6M238.1M228.4M325.5M430.4M451.9M
Inventory207.4M401.9M533.8M450.4M367.0M242.8M
Other Current Assets6.5M21.0M65.8M95.1M123.6M129.8M
Total Liab164.5M356.8M440.9M442.6M1.1B1.1B
Intangible Assets1.5M4.5M16.2M15.5M15.3M16.1M
Common Stock202.4M200.9M228.0M227.8M262.0M131.0M
Property Plant Equipment156.8M163.2M197.0M233.3M268.3M281.7M
Net Tangible Assets799.8M810.7M1.2B1.3B1.4B894.9M
Non Current Assets Total211.1M282.8M417.8M498.7M508.8M313.4M
Non Current Liabilities Total5.8M3.9M5.4M8.2M27.7M29.1M
Deferred Long Term Liab9.7M12.4M9.7M8.0M9.2M8.5M
Total Current Assets752.3M885.7M1.2B1.2B1.9B1.1B
Common Stock Shares Outstanding202.7M201.0M228.0M227.8M320.2M248.1M
Net Invested Capital820.9M906.1M1.3B1.5B1.6B1.2B
Net Working Capital593.6M532.8M761.5M774.6M873.6M731.8M
Capital Stock202.4M200.9M228.0M227.8M320.2M242.2M

Currently Active Assets on Macroaxis

Other Information on Investing in EmbedWay Stock

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