Aptech Good Will vs Common Stock Analysis

APTECHT Stock

172.71 0.54 0.31%

Aptech financial indicator trend analysis is way more than just evaluating Aptech Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aptech Limited is a good investment. Please check the relationship between Aptech Good Will and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aptech Limited. 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.

Good Will vs Common Stock

Good Will vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aptech Limited Good Will account and Common Stock. At this time, the significance of the direction appears to have weak relationship.

The correlation between Aptech's Good Will and Common Stock is 0.38. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Common Stock in the same time period over historical financial statements of Aptech Limited, assuming nothing else is changed. The correlation between historical values of Aptech's Good Will and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Aptech Limited are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Good Will i.e., Aptech's Good Will and Common Stock go up and down completely randomly.

Correlation Coefficient

0.38

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Common Stock

Most indicators from Aptech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aptech Limited 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 Aptech Limited. 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.

Tax Provision is likely to gain to about 118.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 205.7 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	2.2B	4.6B	3.5B	1.9B
Total Revenue	2.3B	4.6B	4.4B	2.3B

Gross Profit Total Revenue

Aptech fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Non Currrent Assets Other	Retained Earnings	Short Term Investments	Other Liab
Total Assets		-0.19	0.49	0.65	0.71	-0.3	-0.44	0.25	0.48	0.3	0.75	-0.03	0.3	0.41	-0.13	-0.12	0.55	0.25	0.6	0.8	-0.58	0.62	0.14	0.88	0.56	0.49
Short Long Term Debt Total	-0.19		-0.44	-0.61	0.28	0.26	-0.03	-0.33	0.05	0.77	-0.51	-0.17	0.32	0.22	-0.04	0.45	-0.49	0.49	-0.58	-0.67	0.58	-0.26	0.2	-0.52	-0.55	-0.65
Other Current Liab	0.49	-0.44		0.47	0.2	-0.09	0.0	0.14	-0.03	-0.22	0.87	-0.22	-0.12	-0.24	0.12	-0.2	0.84	-0.13	0.47	0.63	-0.42	0.69	-0.22	0.62	0.35	0.6
Total Current Liabilities	0.65	-0.61	0.47		-0.07	0.07	-0.02	0.77	0.11	-0.42	0.64	0.16	-0.24	-0.16	0.34	-0.39	0.63	-0.46	0.99	0.91	-0.34	0.24	-0.09	0.65	0.78	0.67
Total Stockholder Equity	0.71	0.28	0.2	-0.07		-0.53	-0.56	-0.42	0.52	0.77	0.38	-0.17	0.58	0.7	-0.56	0.19	0.14	0.74	-0.13	0.22	-0.5	0.58	0.3	0.57	0.04	0.02
Property Plant And Equipment Net	-0.3	0.26	-0.09	0.07	-0.53		0.19	0.55	-0.05	-0.19	-0.14	-0.18	0.11	-0.34	0.93	0.18	-0.04	-0.3	0.18	-0.18	0.81	-0.27	-0.25	-0.43	-0.2	-0.03
Net Debt	-0.44	-0.03	0.0	-0.02	-0.56	0.19		0.07	-0.97	-0.45	-0.39	0.67	-0.76	-0.77	0.27	-0.53	-0.22	-0.77	0.02	-0.15	0.4	-0.32	-0.7	-0.41	-0.08	0.14
Accounts Payable	0.25	-0.33	0.14	0.77	-0.42	0.55	0.07		0.05	-0.41	0.31	0.1	-0.19	-0.38	0.72	-0.31	0.32	-0.51	0.82	0.51	0.22	-0.24	-0.17	0.15	0.66	0.29
Cash	0.48	0.05	-0.03	0.11	0.52	-0.05	-0.97	0.05		0.45	0.4	-0.62	0.81	0.74	-0.12	0.56	0.23	0.68	0.09	0.19	-0.32	0.31	0.66	0.39	0.07	-0.08
Non Current Assets Total	0.3	0.77	-0.22	-0.42	0.77	-0.19	-0.45	-0.41	0.45		-0.08	-0.22	0.6	0.56	-0.39	0.47	-0.21	0.78	-0.45	-0.34	0.0	0.08	0.41	-0.04	-0.26	-0.49
Cash And Short Term Investments	0.75	-0.51	0.87	0.64	0.38	-0.14	-0.39	0.31	0.4	-0.08		-0.31	0.18	0.07	0.09	-0.1	0.86	0.06	0.63	0.79	-0.58	0.71	0.04	0.82	0.55	0.59
Net Receivables	-0.03	-0.17	-0.22	0.16	-0.17	-0.18	0.67	0.1	-0.62	-0.22	-0.31		-0.5	-0.38	-0.03	-0.6	-0.34	-0.6	0.15	0.11	0.03	-0.3	-0.57	-0.08	0.19	0.27
Good Will	0.3	0.32	-0.12	-0.24	0.58	0.11	-0.76	-0.19	0.81	0.6	0.18	-0.5		0.74	-0.01	0.57	-0.05	0.72	-0.23	-0.08	-0.05	0.38	0.31	0.19	-0.29	-0.12
Common Stock Shares Outstanding	0.41	0.22	-0.24	-0.16	0.7	-0.34	-0.77	-0.38	0.74	0.56	0.07	-0.38	0.74		-0.47	0.48	-0.11	0.78	-0.21	0.06	-0.39	0.38	0.52	0.38	-0.13	-0.05
Non Current Liabilities Total	-0.13	-0.04	0.12	0.34	-0.56	0.93	0.27	0.72	-0.12	-0.39	0.09	-0.03	-0.01	-0.47		-0.03	0.13	-0.51	0.45	0.12	0.64	-0.13	-0.39	-0.2	0.04	0.25
Inventory	-0.12	0.45	-0.2	-0.39	0.19	0.18	-0.53	-0.31	0.56	0.47	-0.1	-0.6	0.57	0.48	-0.03		-0.08	0.51	-0.38	-0.41	0.1	0.07	0.63	-0.28	-0.55	-0.25
Other Current Assets	0.55	-0.49	0.84	0.63	0.14	-0.04	-0.22	0.32	0.23	-0.21	0.86	-0.34	-0.05	-0.11	0.13	-0.08		-0.09	0.62	0.68	-0.49	0.54	-0.04	0.61	0.47	0.54
Other Stockholder Equity	0.25	0.49	-0.13	-0.46	0.74	-0.3	-0.77	-0.51	0.68	0.78	0.06	-0.6	0.72	0.78	-0.51	0.51	-0.09		-0.5	-0.25	-0.19	0.27	0.58	0.17	-0.25	-0.46
Total Liab	0.6	-0.58	0.47	0.99	-0.13	0.18	0.02	0.82	0.09	-0.45	0.63	0.15	-0.23	-0.21	0.45	-0.38	0.62	-0.5		0.88	-0.25	0.22	-0.14	0.59	0.75	0.67
Total Current Assets	0.8	-0.67	0.63	0.91	0.22	-0.18	-0.15	0.51	0.19	-0.34	0.79	0.11	-0.08	0.06	0.12	-0.41	0.68	-0.25	0.88		-0.58	0.56	-0.12	0.89	0.72	0.79
Intangible Assets	-0.58	0.58	-0.42	-0.34	-0.5	0.81	0.4	0.22	-0.32	0.0	-0.58	0.03	-0.05	-0.39	0.64	0.1	-0.49	-0.19	-0.25	-0.58		-0.56	-0.26	-0.74	-0.42	-0.41
Common Stock	0.62	-0.26	0.69	0.24	0.58	-0.27	-0.32	-0.24	0.31	0.08	0.71	-0.3	0.38	0.38	-0.13	0.07	0.54	0.27	0.22	0.56	-0.56		0.0	0.76	-0.02	0.58
Non Currrent Assets Other	0.14	0.2	-0.22	-0.09	0.3	-0.25	-0.7	-0.17	0.66	0.41	0.04	-0.57	0.31	0.52	-0.39	0.63	-0.04	0.58	-0.14	-0.12	-0.26	0.0		0.04	-0.06	-0.41
Retained Earnings	0.88	-0.52	0.62	0.65	0.57	-0.43	-0.41	0.15	0.39	-0.04	0.82	-0.08	0.19	0.38	-0.2	-0.28	0.61	0.17	0.59	0.89	-0.74	0.76	0.04		0.57	0.64
Short Term Investments	0.56	-0.55	0.35	0.78	0.04	-0.2	-0.08	0.66	0.07	-0.26	0.55	0.19	-0.29	-0.13	0.04	-0.55	0.47	-0.25	0.75	0.72	-0.42	-0.02	-0.06	0.57		0.36
Other Liab	0.49	-0.65	0.6	0.67	0.02	-0.03	0.14	0.29	-0.08	-0.49	0.59	0.27	-0.12	-0.05	0.25	-0.25	0.54	-0.46	0.67	0.79	-0.41	0.58	-0.41	0.64	0.36

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Aptech Account Relationship Matchups

Aptech fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.4B	2.2B	3.1B	4.8B	4.1B	3.3B
Other Current Liab	2.6M	222.6M	271.9M	668.5M	1.1B	1.2B
Total Current Liabilities	781.0M	523.6M	983.2M	2.2B	1.4B	698.4M
Total Stockholder Equity	2.6B	1.7B	2.1B	2.6B	2.6B	2.5B
Property Plant And Equipment Net	175.4M	109.7M	120.0M	200.4M	230.3M	207.4M
Net Debt	231.4M	(151.5M)	(534.8M)	(704.9M)	(92.5M)	(97.1M)
Accounts Payable	169.1M	164.4M	266.6M	789.0M	238.1M	217.4M
Cash	46.6M	157.2M	536.6M	774.2M	177.2M	168.4M
Non Current Assets Total	2.0B	832.3M	977.7M	1.5B	1.0B	1.6B
Cash And Short Term Investments	77.3M	440.8M	842.6M	1.9B	1.7B	1.8B
Net Receivables	1.3B	720.7M	842.3M	563.8M	497.7M	610.4M
Common Stock Shares Outstanding	57.0M	57.4M	57.6M	58.1M	58.0M	47.9M
Liabilities And Stockholders Equity	3.4B	2.2B	3.1B	4.8B	4.1B	3.3B
Non Current Liabilities Total	39.7M	25.9M	24.9M	84.1M	95.0M	78.6M
Inventory	19.3M	16.5M	12.5M	11.8M	12.2M	20.5M
Other Current Assets	58.9M	139.6M	431.7M	906.3M	839.5M	881.5M
Other Stockholder Equity	958.0M	1.0B	1.1B	1.2B	1.1B	1.1B
Total Liab	820.7M	549.5M	1.0B	2.3B	1.5B	801.1M
Total Current Assets	1.5B	1.4B	2.1B	3.3B	3.1B	1.7B
Accumulated Other Comprehensive Income	407.3M	(721.2M)	(811.3M)	(824.0M)	(999.1M)	(949.2M)
Intangible Assets	128.2M	75.1M	72.9M	55.1M	86.3M	95.9M
Common Stock	402.5M	406.7M	413.5M	414.1M	579.9M	469.3M
Non Currrent Assets Other	171.6M	371.0M	700.1M	1.2B	104.5M	99.2M
Retained Earnings	826.0M	947.5M	1.3B	1.8B	1.9B	1.1B
Short Term Investments	30.7M	283.6M	306.1M	1.1B	200M	282.8M
Other Liab	22.6M	24.3M	24.2M	24.9M	28.7M	24.7M
Net Tangible Assets	2.6B	2.5B	1.6B	2.0B	1.8B	1.8B
Other Assets	326.5M	(1K)	520.4M	416.2M	478.6M	349.0M
Property Plant Equipment	175.4M	109.7M	120.0M	200.4M	180.4M	136.1M
Current Deferred Revenue	346.8M	465.4M	443.0M	657.3M	867.4M	910.7M
Short Term Debt	262.5M	(132.7M)	(441.3M)	(647.8M)	14.8M	15.6M
Capital Surpluse	958.0M	1.0B	1.1B	1.2B	1.3B	1.1B
Net Invested Capital	2.8B	1.7B	2.1B	2.6B	2.6B	2.0B
Net Working Capital	672.6M	600.1M	1.1B	1.1B	1.7B	1.1B
Capital Stock	402.5M	406.7M	413.5M	414.1M	579.9M	479.5M

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Aptech Good Will vs Common Stock Analysis

Good Will vs Common Stock

Good Will vs Common Stock Correlation Analysis

Correlation Coefficient

Good Will

Common Stock

Aptech fundamental ratios Correlations

Aptech Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Aptech fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Total Liab	+ 0.99	Total Current Liabilities
Non Current Liabilities Total	+ 0.93	Property Plant And Equipment Net
Total Current Assets	+ 0.91	Total Current Liabilities
Retained Earnings	+ 0.89	Total Current Assets
Retained Earnings	+ 0.88	Total Assets
Total Current Assets	+ 0.88	Total Liab

Cash	- 0.97	Net Debt
Other Stockholder Equity	- 0.77	Net Debt
Common Stock Shares Outstanding	- 0.77	Net Debt
Good Will	- 0.76	Net Debt
Retained Earnings	- 0.74	Intangible Assets
Non Currrent Assets Other	- 0.7	Net Debt