TriNet Net Invested Capital vs Good Will Analysis

TNET Stock  USD 94.24  1.32  1.42%   
TriNet financial indicator trend analysis is much more than just breaking down TriNet Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TriNet Group is a good investment. Please check the relationship between TriNet Net Invested Capital and its Good Will accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TriNet Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Net Invested Capital vs Good Will

Net Invested Capital vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TriNet Group Net Invested Capital account and Good Will. At this time, the significance of the direction appears to have strong relationship.
The correlation between TriNet's Net Invested Capital and Good Will is 0.67. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Good Will in the same time period over historical financial statements of TriNet Group, assuming nothing else is changed. The correlation between historical values of TriNet's Net Invested Capital and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of TriNet Group are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Net Invested Capital i.e., TriNet's Net Invested Capital and Good Will go up and down completely randomly.

Correlation Coefficient

0.67
Relationship DirectionPositive 
Relationship StrengthSignificant

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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.
Most indicators from TriNet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TriNet Group 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 World Market Map to better understand how to build diversified portfolios, which includes a position in TriNet Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
At this time, TriNet's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 13.63 in 2024, whereas Selling General Administrative is likely to drop slightly above 127.8 M in 2024.
 2022 2023 2024 (projected)
Interest Expense39M40M28.2M
Depreciation And Amortization89M121M65.9M

TriNet fundamental ratios Correlations

0.30.090.210.30.20.450.320.07-0.01-0.140.150.260.210.240.280.070.240.140.310.340.140.130.280.280.32
0.30.530.620.970.710.610.60.040.06-0.260.890.810.920.860.840.440.820.810.990.460.570.60.950.740.99
0.090.530.180.58-0.080.07-0.090.370.71-0.680.460.240.550.260.270.990.260.80.530.020.980.470.720.250.51
0.210.620.180.510.660.480.72-0.53-0.060.060.570.450.770.860.720.090.530.420.66-0.070.25-0.250.490.810.55
0.30.970.580.510.540.620.490.250.16-0.420.780.680.840.750.780.490.680.830.950.480.60.690.980.640.98
0.20.71-0.080.660.540.430.78-0.57-0.550.470.770.830.710.830.75-0.170.860.330.70.34-0.040.180.450.690.68
0.450.610.070.480.620.430.590.13-0.15-0.260.430.50.480.630.63-0.010.470.340.670.680.230.210.570.650.63
0.320.6-0.090.720.490.780.59-0.42-0.370.250.460.660.560.790.81-0.190.690.110.590.34-0.020.010.40.870.6
0.070.040.37-0.530.25-0.570.13-0.420.53-0.78-0.18-0.15-0.21-0.36-0.250.4-0.240.20.010.410.360.580.3-0.250.13
-0.010.060.71-0.060.16-0.55-0.15-0.370.53-0.86-0.05-0.290.13-0.14-0.110.74-0.280.440.05-0.270.680.160.3-0.130.03
-0.14-0.26-0.680.06-0.420.47-0.260.25-0.78-0.86-0.040.13-0.180.01-0.05-0.680.15-0.52-0.27-0.13-0.71-0.4-0.52-0.02-0.28
0.150.890.460.570.780.770.430.46-0.18-0.05-0.040.850.910.830.740.380.870.80.880.360.510.490.770.630.85
0.260.810.240.450.680.830.50.66-0.15-0.290.130.850.70.740.680.180.990.470.770.640.30.480.640.710.82
0.210.920.550.770.840.710.480.56-0.210.13-0.180.910.70.910.840.460.740.850.930.180.590.370.840.720.86
0.240.860.260.860.750.830.630.79-0.36-0.140.010.830.740.910.930.130.780.610.880.260.340.180.710.870.81
0.280.840.270.720.780.750.630.81-0.25-0.11-0.050.740.680.840.930.150.710.560.860.260.320.350.730.770.81
0.070.440.990.090.49-0.17-0.01-0.190.40.74-0.680.380.180.460.130.150.180.740.43-0.010.960.440.640.140.42
0.240.820.260.530.680.860.470.69-0.24-0.280.150.870.990.740.780.710.180.490.790.560.310.420.640.750.82
0.140.810.80.420.830.330.340.110.20.44-0.520.80.470.850.610.560.740.490.830.180.820.580.890.40.77
0.310.990.530.660.950.70.670.590.010.05-0.270.880.770.930.880.860.430.790.830.450.580.540.940.750.97
0.340.460.02-0.070.480.340.680.340.41-0.27-0.130.360.640.180.260.26-0.010.560.180.450.120.550.430.390.55
0.140.570.980.250.6-0.040.23-0.020.360.68-0.710.510.30.590.340.320.960.310.820.580.120.430.740.340.54
0.130.60.47-0.250.690.180.210.010.580.16-0.40.490.480.370.180.350.440.420.580.540.550.430.680.050.66
0.280.950.720.490.980.450.570.40.30.3-0.520.770.640.840.710.730.640.640.890.940.430.740.680.620.95
0.280.740.250.810.640.690.650.87-0.25-0.13-0.020.630.710.720.870.770.140.750.40.750.390.340.050.620.72
0.320.990.510.550.980.680.630.60.130.03-0.280.850.820.860.810.810.420.820.770.970.550.540.660.950.72
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TriNet Account Relationship Matchups

TriNet fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding71M68M67M64M57M70.0M
Total Assets2.7B3.0B3.3B3.4B3.7B2.8B
Short Long Term Debt Total456M430M547M552M1.1B603.4M
Other Current Liab1.5B692M702M773M815M539.1M
Total Current Liabilities1.6B1.9B1.7B2.0B2.5B1.7B
Total Stockholder Equity475M607M881M775M78M74.1M
Other Liab213M169M153M143M164.5M177.3M
Property Plant And Equipment Net140M130M121M55M41M74.7M
Current Deferred Revenue44M134M97M106M1.4B1.5B
Net Debt243M129M(65M)198M850M892.5M
Retained Earnings(219M)(144M)74M(119M)(896M)(851.2M)
Accounts Payable31M50M86M98M87M46.0M
Cash213M301M612M354M287M272.6M
Non Current Assets Total877M883M870M1.1B1.1B805.4M
Non Currrent Assets Other308M303M281M286M297M215.2M
Other Assets308M492M281M286M328.9M234.3M
Long Term Debt369M348M495M496M984M547.9M
Cash And Short Term Investments281M358M747M430M352M314.3M
Common Stock Total Equity694M747M808M899M1.0B608.7M
Short Term Investments68M57M135M76M65M90.9M
Liabilities And Stockholders Equity2.7B3.0B3.3B3.4B3.7B2.8B
Other Current Assets64M1.5B1.4B1.5B1.8B1.2B
Total Liab2.3B2.4B2.4B2.7B3.6B2.5B
Total Current Assets1.9B2.2B2.4B2.3B2.6B2.0B
Accumulated Other Comprehensive Income(160M)4M(1M)(5M)(2M)(2.1M)
Short Term Debt22M39M33M30M123M129.2M
Intangible Assets15M18M6M163M172M180.6M
Common Stock694M747M808M899M976M647.4M
Property Plant Equipment70M79M85M24M27.6M26.2M
Net Tangible Assets171M295M581M150M172.5M181.1M
Retained Earnings Total Equity(219M)(144M)74M(119M)(136.9M)(143.7M)
Long Term Debt Total369M348M495M496M446.4M346.1M
Inventory1.2B1.5B1.3B1.3B(1.3B)(1.2B)
Other Stockholder Equity160M4M(1M)(5M)(5.8M)(5.5M)
Deferred Long Term Liab61M22M11M8M7.2M6.8M
Long Term Investments125M138M168M151M143M109.1M

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Additional Tools for TriNet Stock Analysis

When running TriNet's price analysis, check to measure TriNet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TriNet is operating at the current time. Most of TriNet's value examination focuses on studying past and present price action to predict the probability of TriNet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TriNet's price. Additionally, you may evaluate how the addition of TriNet to your portfolios can decrease your overall portfolio volatility.