NetScout Good Will vs Short Term Investments Analysis

NTCT Stock  USD 21.93  0.39  1.81%   
NetScout Systems financial indicator trend analysis is infinitely more than just investigating NetScout Systems recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NetScout Systems is a good investment. Please check the relationship between NetScout Systems Good Will and its Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetScout Systems. 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.
For more information on how to buy NetScout Stock please use our How to Invest in NetScout Systems guide.

Good Will vs Short Term Investments

JavaScript chart by amCharts 3.21.15201420162018202020222024200M300M400M500M600M700M800M900M1B1.1B1.2B1.3B1.4B1.5B1.6B1.7B 10M20M30M40M50M60M70M80M90M100M110M120M130M
JavaScript chart by amCharts 3.21.15Good Willtotal: 16.5BShort Term Investmentstotal: 851M

Good Will vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NetScout Systems Good Will account and Short Term Investments. At this time, the significance of the direction appears to have almost no relationship.
The correlation between NetScout Systems' Good Will and Short Term Investments is 0.1. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of NetScout Systems, assuming nothing else is changed. The correlation between historical values of NetScout Systems' Good Will 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 Good Will of NetScout Systems 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 Good Will i.e., NetScout Systems' Good Will and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.1
Relationship DirectionPositive 
Relationship StrengthInsignificant

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.

Short Term Investments

Short Term Investments is an item under the current assets section of NetScout Systems balance sheet. It contains any investments NetScout Systems undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that NetScout Systems can easily liquidate in the marketplace.
Most indicators from NetScout Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NetScout Systems 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetScout Systems. 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.
For more information on how to buy NetScout Stock please use our How to Invest in NetScout Systems guide.Tax Provision is likely to gain to about 3.4 M in 2024, whereas Selling General Administrative is likely to drop slightly above 69.5 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit641.4M691.4M642.0M363.1M
Total Revenue855.6M914.5M829.5M491.0M

NetScout Systems fundamental ratios Correlations

0.920.970.990.790.350.770.820.751.00.740.870.940.980.930.810.760.940.980.230.970.460.690.930.24-0.74
0.920.940.930.750.250.790.850.630.920.530.790.860.910.810.850.790.860.880.060.90.530.510.80.37-0.59
0.970.940.980.820.160.860.760.780.960.650.90.880.960.830.750.720.910.920.270.970.560.670.950.21-0.76
0.990.930.980.790.280.770.820.740.990.710.860.930.980.890.80.770.950.950.270.960.460.680.940.23-0.73
0.790.750.820.790.140.760.410.770.790.710.790.660.720.720.430.320.720.780.330.770.410.710.84-0.19-0.84
0.350.250.160.280.140.060.47-0.120.380.340.050.450.340.590.450.390.20.48-0.410.23-0.040.150.120.280.06
0.770.790.860.770.760.060.480.730.750.460.840.640.770.630.460.470.650.740.150.810.670.580.810.06-0.74
0.820.850.760.820.410.470.480.360.820.380.560.870.840.780.990.960.790.8-0.020.770.390.290.610.67-0.27
0.750.630.780.740.77-0.120.730.360.730.70.920.570.720.690.380.270.770.740.520.820.440.750.82-0.14-0.93
1.00.920.960.990.790.380.750.820.730.750.840.940.980.930.810.760.950.980.230.950.430.680.920.22-0.73
0.740.530.650.710.710.340.460.380.70.750.650.620.690.780.390.230.710.760.280.650.130.840.74-0.32-0.75
0.870.790.90.860.790.050.840.560.920.840.650.720.840.790.560.490.790.860.270.950.510.70.880.09-0.81
0.940.860.880.930.660.450.640.870.570.940.620.720.960.880.820.840.890.910.210.90.50.620.840.4-0.56
0.980.910.960.980.720.340.770.840.720.980.690.840.960.90.810.790.930.960.240.960.550.690.90.32-0.69
0.930.810.830.890.720.590.630.780.690.930.780.790.880.90.770.660.860.980.120.880.340.660.790.23-0.67
0.810.850.750.80.430.450.460.990.380.810.390.560.820.810.770.930.790.79-0.010.750.360.290.590.63-0.29
0.760.790.720.770.320.390.470.960.270.760.230.490.840.790.660.930.750.710.050.720.440.240.590.72-0.22
0.940.860.910.950.720.20.650.790.770.950.710.790.890.930.860.790.750.90.460.90.440.680.880.25-0.76
0.980.880.920.950.780.480.740.80.740.980.760.860.910.960.980.790.710.90.160.950.420.690.870.24-0.72
0.230.060.270.270.33-0.410.15-0.020.520.230.280.270.210.240.12-0.010.050.460.160.240.260.450.44-0.23-0.61
0.970.90.970.960.770.230.810.770.820.950.650.950.90.960.880.750.720.90.950.240.550.680.920.28-0.73
0.460.530.560.460.41-0.040.670.390.440.430.130.510.50.550.340.360.440.440.420.260.550.520.470.33-0.38
0.690.510.670.680.710.150.580.290.750.680.840.70.620.690.660.290.240.680.690.450.680.520.77-0.2-0.79
0.930.80.950.940.840.120.810.610.820.920.740.880.840.90.790.590.590.880.870.440.920.470.77-0.01-0.85
0.240.370.210.23-0.190.280.060.67-0.140.22-0.320.090.40.320.230.630.720.250.24-0.230.280.33-0.2-0.010.3
-0.74-0.59-0.76-0.73-0.840.06-0.74-0.27-0.93-0.73-0.75-0.81-0.56-0.69-0.67-0.29-0.22-0.76-0.72-0.61-0.73-0.38-0.79-0.850.3
Click cells to compare fundamentals

NetScout Systems Account Relationship Matchups

NetScout Systems fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.1B3.1B3.2B2.8B2.6B1.4B
Other Current Liab87.1M91.8M96.4M100.1M54.0M49.1M
Total Current Liabilities399.0M411.3M475.1M453.6M395.1M220.3M
Total Stockholder Equity1.9B2.0B2.1B2.0B1.9B948.4M
Property Plant And Equipment Net126.3M110.0M96.3M86.2M69.0M39.0M
Net Debt192.5M(43.6M)(220.8M)(226.3M)(239.6M)(227.6M)
Retained Earnings355.3M374.7M411.7M470.2M322.5M205.3M
Accounts Payable20.0M18.0M22.0M16.5M14.5M13.8M
Cash338.5M467.2M636.2M386.8M389.7M409.2M
Non Current Assets Total2.5B2.4B2.3B2.2B1.9B1.0B
Non Currrent Assets Other17.8M23.2M13.0M12.5M10.6M5.4M
Cash And Short Term Investments386.5M476.5M703.2M419.0M423.1M251.6M
Net Receivables213.5M197.7M148.2M143.9M192.1M105.5M
Common Stock Shares Outstanding75.2M73.8M75.1M73.0M71.5M55.3M
Liabilities And Stockholders Equity3.1B3.1B3.2B2.8B2.6B1.4B
Non Current Liabilities Total783.6M668.0M658.2M337.3M308.2M309.8M
Inventory22.2M22.8M28.2M18.0M14.1M16.0M
Other Current Assets38.3M27.4M36.6M37.0M44.4M28.6M
Other Stockholder Equity1.6B1.6B1.6B1.6B1.6B1.6B
Total Liab1.2B1.1B1.1B790.9M703.2M494.3M
Property Plant And Equipment Gross126.3M110.0M96.3M86.2M312.1M327.7M
Total Current Assets659.7M722.5M921.9M617.4M672.5M401.5M
Accumulated Other Comprehensive Income(3.2M)(1.9M)141K5.7M3.6M3.8M
Common Stock122K124K126K128K131K137.6K
Other Assets24.2M24.0M23.2M19.9M22.8M17.0M
Common Stock Total Equity122K124K126K128K147.2K74.2K
Short Term Investments48.0M9.3M67.0M32.2M33.5M64.3M
Treasury Stock(1.1B)(1.3B)(1.3B)(1.4B)(1.2B)(1.2B)
Property Plant Equipment57.7M48.5M96.3M34.7M39.9M30.6M
Current Deferred Revenue270.3M269.7M330.6M311.5M301.8M161.3M
Intangible Assets582.2M511.9M433.4M366.6M308.7M288.9M
Good Will1.7B1.7B1.7B1.7B1.5B835.0M
Other Liab274.6M262.9M256.7M254.2M292.4M307.0M
Short Long Term Debt Total531.0M423.6M415.3M160.5M150.1M142.6M
Long Term Debt550M450M350M100M115M223.8M
Net Tangible Assets(369.9M)(223.6M)(95.1M)(61.3M)(55.2M)(58.0M)
Retained Earnings Total Equity355.3M374.7M410.6M470.2M540.7M356.6M
Capital Surpluse2.9B3.0B3.0B3.1B3.6B2.2B
Deferred Long Term Liab148.7M131.8M113.6M51.0M58.6M55.7M

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