Accenture Free Cash Flow vs Free Cash Flow Yield Analysis
ACN Stock | USD 356.23 0.83 0.23% |
Accenture Plc financial indicator trend analysis is way more than just evaluating Accenture plc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Accenture plc is a good investment. Please check the relationship between Accenture Plc Free Cash Flow and its Free Cash Flow Yield accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Accenture plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Accenture Stock, please use our How to Invest in Accenture Plc guide.
Free Cash Flow vs Free Cash Flow Yield
Free Cash Flow vs Free Cash Flow Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Accenture plc Free Cash Flow account and Free Cash Flow Yield. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Accenture Plc's Free Cash Flow and Free Cash Flow Yield is -0.65. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Accenture plc, assuming nothing else is changed. The correlation between historical values of Accenture Plc's Free Cash Flow and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Accenture plc are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Free Cash Flow i.e., Accenture Plc's Free Cash Flow and Free Cash Flow Yield go up and down completely randomly.
Correlation Coefficient | -0.65 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Most indicators from Accenture Plc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Accenture plc 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 Accenture plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Accenture Stock, please use our How to Invest in Accenture Plc guide.At this time, Accenture Plc's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 17th of December 2024, Enterprise Value Over EBITDA is likely to grow to 20.07, while Selling General Administrative is likely to drop about 3 B.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 19.7B | 20.7B | 21.2B | 10.8B | Total Revenue | 61.6B | 64.1B | 64.9B | 34.6B |
Accenture Plc fundamental ratios Correlations
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Accenture Plc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Accenture Plc fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 37.1B | 43.2B | 47.3B | 51.2B | 55.9B | 58.7B | |
Other Current Liab | 6.9B | 7.6B | 9.9B | 10.0B | 8.7B | 5.5B | |
Total Current Liabilities | 12.7B | 15.7B | 17.5B | 18.0B | 19.0B | 9.6B | |
Total Stockholder Equity | 17.0B | 19.5B | 22.1B | 25.7B | 28.3B | 29.7B | |
Retained Earnings | 12.4B | 14.0B | 18.2B | 19.3B | 23.1B | 24.2B | |
Accounts Payable | 1.3B | 2.3B | 2.6B | 2.5B | 2.7B | 2.9B | |
Cash | 8.4B | 8.2B | 7.9B | 9.0B | 5.0B | 5.2B | |
Other Assets | 6.6B | 7.2B | 7.5B | 5.7B | 6.6B | 6.9B | |
Long Term Debt | 54.1M | 53.5M | 45.9M | 43.1M | 78.6M | 82.6M | |
Common Stock Shares Outstanding | 647.8M | 645.9M | 642.8M | 638.6M | 635.9M | 620.2M | |
Short Term Investments | 94.3M | 4.3M | 4.0M | 4.6M | 5.4M | 5.1M | |
Other Current Assets | 1.4B | 1.8B | 1.9B | 2.1B | 2.2B | 1.2B | |
Total Liab | 19.6B | 23.1B | 24.5B | 24.8B | 26.8B | 28.1B | |
Property Plant Equipment | 1.5B | 4.8B | 4.7B | 4.2B | 4.8B | 5.0B | |
Short Long Term Debt Total | 3.5B | 3.5B | 3.3B | 3.1B | 4.1B | 4.3B | |
Other Liab | 4.2B | 4.6B | 4.4B | 4.4B | 5.1B | 3.1B | |
Property Plant And Equipment Net | 4.7B | 4.8B | 4.7B | 4.2B | 4.3B | 4.5B | |
Current Deferred Revenue | 3.6B | 4.2B | 4.5B | 4.9B | 5.2B | 2.6B | |
Net Debt | (4.9B) | (4.7B) | (4.6B) | (5.9B) | (883.9M) | (928.1M) | |
Non Current Assets Total | 19.3B | 23.5B | 25.7B | 27.9B | 35.1B | 36.8B | |
Non Currrent Assets Other | 2.4B | 3.2B | 3.5B | 3.8B | 2.3B | 1.7B | |
Cash And Short Term Investments | 8.5B | 8.2B | 7.9B | 9.0B | 5.0B | 5.4B | |
Net Receivables | 7.8B | 9.7B | 11.8B | 12.2B | 13.7B | 14.3B | |
Liabilities And Stockholders Equity | 37.1B | 43.2B | 47.3B | 51.2B | 55.9B | 58.7B | |
Non Current Liabilities Total | 6.9B | 7.4B | 7.0B | 6.8B | 7.8B | 8.2B | |
Other Stockholder Equity | 6.2B | 7.0B | 6.1B | 8.1B | 6.8B | 7.1B | |
Property Plant And Equipment Gross | 4.7B | 4.8B | 4.7B | 4.2B | 7.0B | 7.3B | |
Total Current Assets | 17.7B | 19.7B | 21.6B | 23.4B | 20.9B | 13.1B | |
Accumulated Other Comprehensive Income | (1.6B) | (1.4B) | (2.2B) | (1.7B) | (1.6B) | (1.5B) | |
Short Term Debt | 763.9M | 1.5B | 1.4B | 1.5B | 1.7B | 1.8B | |
Good Will | 7.7B | 11.1B | 13.1B | 15.6B | 21.1B | 22.2B | |
Treasury Stock | (1.4B) | (2.6B) | (3.4B) | (6.7B) | (6.0B) | (5.7B) | |
Intangible Assets | 1.0B | 1.7B | 1.9B | 2.1B | 2.9B | 3.0B | |
Net Tangible Assets | 9.3B | 8.4B | 9.0B | 10.1B | 11.6B | 6.1B | |
Noncontrolling Interest In Consolidated Entity | 418.7M | 498.6M | 567.7M | 641.0M | 737.1M | 536.2M | |
Retained Earnings Total Equity | 10.4B | 12.4B | 14.0B | 18.2B | 20.9B | 22.0B |
Pair Trading with Accenture Plc
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Accenture Plc position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Accenture Plc will appreciate offsetting losses from the drop in the long position's value.Moving against Accenture Stock
0.6 | VEEA | Veea Inc Symbol Change | PairCorr |
The ability to find closely correlated positions to Accenture Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Accenture Plc when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Accenture Plc - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Accenture plc to buy it.
The correlation of Accenture Plc is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Accenture Plc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Accenture plc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Accenture Plc can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Accenture plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Accenture Stock, please use our How to Invest in Accenture Plc guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Is IT Consulting & Other Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Accenture Plc. If investors know Accenture will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Accenture Plc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.236 | Dividend Share 5.35 | Earnings Share 11.39 | Revenue Per Share 103.363 | Quarterly Revenue Growth 0.026 |
The market value of Accenture plc is measured differently than its book value, which is the value of Accenture that is recorded on the company's balance sheet. Investors also form their own opinion of Accenture Plc's value that differs from its market value or its book value, called intrinsic value, which is Accenture Plc's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Accenture Plc's market value can be influenced by many factors that don't directly affect Accenture Plc's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Accenture Plc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Accenture Plc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Accenture Plc's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.