ASX Change To Netincome vs Change To Account Receivables Analysis
ASX Stock | 65.59 1.29 2.01% |
ASX financial indicator trend analysis is way more than just evaluating ASX prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ASX is a good investment. Please check the relationship between ASX Change To Netincome and its Change To Account Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ASX. 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.
Change To Netincome vs Change To Account Receivables
Change To Netincome vs Change To Account Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ASX Change To Netincome account and Change To Account Receivables. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between ASX's Change To Netincome and Change To Account Receivables is -0.16. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Change To Account Receivables in the same time period over historical financial statements of ASX, assuming nothing else is changed. The correlation between historical values of ASX's Change To Netincome and Change To Account Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Netincome of ASX are associated (or correlated) with its Change To Account Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Account Receivables has no effect on the direction of Change To Netincome i.e., ASX's Change To Netincome and Change To Account Receivables go up and down completely randomly.
Correlation Coefficient | -0.16 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Change To Netincome
Change To Account Receivables
Most indicators from ASX's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ASX 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 ASX. 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. Selling General Administrative is likely to gain to about 353.7 M in 2024. Tax Provision is likely to gain to about 212.2 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 13.8M | 333.1M | 460.6M | 483.6M | Depreciation And Amortization | 52.4M | 39.1M | 40M | 32.1M |
ASX fundamental ratios Correlations
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ASX Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ASX fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 17.4B | 16.6B | 18.2B | 16.8B | 16.9B | 17.7B | |
Short Long Term Debt Total | 12.8B | 72.4M | 67.6M | 78.6M | 334.3M | 317.6M | |
Other Current Liab | 13.2B | 12.4B | 13.9B | 12.7B | 12.4B | 13.1B | |
Total Current Liabilities | 13.3B | 12.5B | 14.1B | 12.9B | 12.6B | 13.2B | |
Total Stockholder Equity | 3.7B | 3.7B | 3.8B | 3.6B | 3.7B | 2.5B | |
Net Debt | 12.3B | (5.3B) | (4.9B) | (930M) | (908.8M) | (863.4M) | |
Retained Earnings | 603.8M | 629.9M | 697.8M | 557.8M | 619.1M | 396.7M | |
Cash | 468.6M | 5.4B | 5.0B | 1.0B | 1.2B | 1.7B | |
Cash And Short Term Investments | 13.9B | 13.4B | 14.5B | 13.5B | 13.4B | 14.1B | |
Net Receivables | 761.6M | 362.6M | 857.1M | 619.4M | 659.3M | 333.6M | |
Common Stock Shares Outstanding | 193.6M | 193.6M | 193.6M | 193.6M | 193.7M | 172.1M | |
Liabilities And Stockholders Equity | 17.4B | 16.6B | 18.2B | 16.8B | 16.9B | 17.7B | |
Non Current Liabilities Total | 348.1M | 353.5M | 362.2M | 326.4M | 592.7M | 622.3M | |
Other Current Assets | 23.3M | 21M | 17.8M | 24.3M | 28.4M | 27.0M | |
Other Stockholder Equity | 89.4M | 79.2M | 80.4M | 55.6M | 63.9M | 60.7M | |
Total Liab | 13.7B | 12.9B | 14.4B | 13.2B | 13.2B | 13.8B | |
Total Current Assets | 14.6B | 13.8B | 15.3B | 14.2B | 14.1B | 14.8B | |
Accumulated Other Comprehensive Income | 89.4M | 79.2M | 80.4M | 55.6M | 59M | 95.5M | |
Short Term Debt | 9.5M | 9.8M | 10.6M | 31.1M | 11.3M | 10.7M | |
Property Plant And Equipment Net | 137M | 122.5M | 110M | 90.5M | 101.4M | 67.4M | |
Current Deferred Revenue | 89.1M | 108.7M | 119M | 112.5M | 102M | 107.1M | |
Accounts Payable | 5.6M | 6.5M | 9.2M | 12.1M | 10.4M | 9.9M | |
Non Current Assets Total | 2.8B | 2.8B | 2.9B | 2.7B | 2.8B | 2.0B | |
Property Plant And Equipment Gross | 137M | 271.3M | 283.8M | 286.4M | 316.4M | 332.2M | |
Non Currrent Assets Other | (2.3B) | 6.8M | 5.6M | 2.7M | 8.5M | 8.9M | |
Short Term Investments | 13.4B | 8.0B | 9.5B | 12.5B | 12.2B | 12.8B | |
Other Liab | 276.5M | 290.9M | 305.2M | 278.9M | 251.0M | 238.5M | |
Other Assets | 17.4B | 54.9M | 60.7M | 67.1M | 16.9B | 17.7B | |
Property Plant Equipment | 137M | 122.5M | 110M | 90.5M | 104.1M | 65.0M | |
Intangible Assets | 2.5B | 248.9M | 319.7M | 151.3M | 248.8M | 209.0M | |
Net Tangible Assets | 1.2B | 1.2B | 1.2B | 1.2B | 1.1B | 1.1B | |
Long Term Investments | 85.6M | 87.6M | 97.6M | 51.8M | 37.5M | 35.6M | |
Long Term Debt Total | 71.6M | 62.6M | 57M | 47.5M | 54.6M | 37.5M | |
Net Invested Capital | 3.7B | 3.7B | 3.8B | 3.7B | 4.0B | 3.1B | |
Net Working Capital | 1.3B | 1.3B | 1.3B | 1.3B | 1.5B | 1.5B |
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