Alkermes Other Current Assets vs Net Receivables Analysis

ALKS Stock

USD 24.01 0.15 0.62%

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

For more information on how to buy Alkermes Stock please use our How to Invest in Alkermes Plc guide.

Other Current Assets vs Net Receivables

Other Current Assets vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alkermes Plc Other Current Assets account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.

The correlation between Alkermes Plc's Other Current Assets and Net Receivables is 0.72. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Alkermes Plc, assuming nothing else is changed. The correlation between historical values of Alkermes Plc's Other Current Assets and Net 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 Other Current Assets of Alkermes Plc are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Other Current Assets i.e., Alkermes Plc's Other Current Assets and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.72

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Net Receivables

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

For more information on how to buy Alkermes Stock please use our How to Invest in Alkermes Plc guide.At this time, Alkermes Plc's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 9.59 in 2024, whereas Selling General Administrative is likely to drop slightly above 162.4 M in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	599.1M	1.0B	960.6M	1.0B
Cost Of Revenue	603.9M	218.1M	288.7M	226.3M

Total Operating Expenses Cost Of Revenue

Alkermes Plc fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Current Liab	Net Receivables	Common Stock Total Equity	Short Term Investments	Common Stock	Current Deferred Revenue
Total Assets		0.55	0.73	0.92	0.66	-0.28	-0.74	0.79	0.79	0.46	0.1	0.84	0.85	0.64	0.43	0.79	0.88	0.65	0.88	-0.06	0.69	0.82	0.88	0.66	0.89	-0.33
Short Long Term Debt Total	0.55		-0.05	0.63	0.72	0.6	-0.08	0.06	0.04	0.96	-0.24	0.28	0.67	0.87	-0.4	0.17	0.33	0.18	0.11	0.24	-0.09	0.07	0.65	0.19	0.68	-0.29
Total Current Liabilities	0.73	-0.05		0.47	0.35	-0.75	-0.95	0.84	0.89	-0.14	0.42	0.65	0.52	0.24	0.76	0.84	0.91	0.81	0.91	-0.3	0.99	0.96	0.61	0.49	0.59	0.12
Total Stockholder Equity	0.92	0.63	0.47		0.61	-0.07	-0.49	0.67	0.6	0.57	-0.17	0.82	0.83	0.56	0.23	0.64	0.63	0.37	0.74	0.05	0.4	0.6	0.83	0.72	0.85	-0.58
Property Plant And Equipment Net	0.66	0.72	0.35	0.61		0.25	-0.59	0.33	0.19	0.77	-0.14	0.38	0.86	0.82	-0.19	0.54	0.58	0.47	0.39	0.0	0.33	0.46	0.81	0.41	0.87	0.07
Net Debt	-0.28	0.6	-0.75	-0.07	0.25		0.59	-0.64	-0.76	0.66	-0.46	-0.45	-0.03	0.31	-0.9	-0.48	-0.48	-0.47	-0.68	0.28	-0.77	-0.69	-0.12	-0.32	-0.06	-0.07
Retained Earnings	-0.74	-0.08	-0.95	-0.49	-0.59	0.59		-0.77	-0.75	-0.05	-0.31	-0.6	-0.66	-0.39	-0.55	-0.87	-0.89	-0.83	-0.85	0.3	-0.95	-0.94	-0.71	-0.51	-0.71	-0.2
Accounts Payable	0.79	0.06	0.84	0.67	0.33	-0.64	-0.77		0.85	0.0	0.27	0.7	0.57	0.19	0.76	0.82	0.78	0.53	0.89	-0.29	0.8	0.88	0.64	0.55	0.62	-0.24
Cash	0.79	0.04	0.89	0.6	0.19	-0.76	-0.75	0.85		-0.09	0.43	0.77	0.49	0.26	0.83	0.72	0.87	0.72	0.93	-0.15	0.88	0.91	0.58	0.49	0.54	-0.18
Non Current Assets Total	0.46	0.96	-0.14	0.57	0.77	0.66	-0.05	0.0	-0.09		-0.22	0.19	0.68	0.85	-0.48	0.1	0.23	0.07	0.0	0.28	-0.17	0.01	0.63	0.15	0.66	-0.29
Non Currrent Assets Other	0.1	-0.24	0.42	-0.17	-0.14	-0.46	-0.31	0.27	0.43	-0.22		-0.07	-0.1	0.05	0.62	0.14	0.41	0.23	0.17	-0.13	0.47	0.38	-0.01	-0.15	-0.06	0.23
Cash And Short Term Investments	0.84	0.28	0.65	0.82	0.38	-0.45	-0.6	0.7	0.77	0.19	-0.07		0.69	0.34	0.47	0.55	0.68	0.54	0.86	0.25	0.6	0.7	0.71	0.75	0.7	-0.38
Common Stock Shares Outstanding	0.85	0.67	0.52	0.83	0.86	-0.03	-0.66	0.57	0.49	0.68	-0.1	0.69		0.76	0.09	0.64	0.69	0.52	0.65	0.06	0.48	0.64	0.98	0.63	0.99	-0.28
Non Current Liabilities Total	0.64	0.87	0.24	0.56	0.82	0.31	-0.39	0.19	0.26	0.85	0.05	0.34	0.76		-0.18	0.34	0.6	0.51	0.29	0.13	0.24	0.33	0.76	0.22	0.77	0.0
Other Current Assets	0.43	-0.4	0.76	0.23	-0.19	-0.9	-0.55	0.76	0.83	-0.48	0.62	0.47	0.09	-0.18		0.52	0.57	0.38	0.71	-0.27	0.76	0.72	0.21	0.36	0.14	-0.06
Other Stockholder Equity	0.79	0.17	0.84	0.64	0.54	-0.48	-0.87	0.82	0.72	0.1	0.14	0.55	0.64	0.34	0.52		0.81	0.67	0.86	-0.6	0.81	0.85	0.7	0.62	0.71	-0.01
Total Liab	0.88	0.33	0.91	0.63	0.58	-0.48	-0.89	0.78	0.87	0.23	0.41	0.68	0.69	0.6	0.57	0.81		0.86	0.86	-0.17	0.9	0.92	0.76	0.45	0.75	0.04
Property Plant And Equipment Gross	0.65	0.18	0.81	0.37	0.47	-0.47	-0.83	0.53	0.72	0.07	0.23	0.54	0.52	0.51	0.38	0.67	0.86		0.72	-0.17	0.83	0.77	0.57	0.25	0.58	0.26
Total Current Assets	0.88	0.11	0.91	0.74	0.39	-0.68	-0.85	0.89	0.93	0.0	0.17	0.86	0.65	0.29	0.71	0.86	0.86	0.72		-0.23	0.88	0.92	0.72	0.72	0.7	-0.18
Short Term Debt	-0.06	0.24	-0.3	0.05	0.0	0.28	0.3	-0.29	-0.15	0.28	-0.13	0.25	0.06	0.13	-0.27	-0.6	-0.17	-0.17	-0.23		-0.31	-0.25	-0.01	-0.13	-0.02	-0.25
Other Current Liab	0.69	-0.09	0.99	0.4	0.33	-0.77	-0.95	0.8	0.88	-0.17	0.47	0.6	0.48	0.24	0.76	0.81	0.9	0.83	0.88	-0.31		0.96	0.57	0.44	0.55	0.18
Net Receivables	0.82	0.07	0.96	0.6	0.46	-0.69	-0.94	0.88	0.91	0.01	0.38	0.7	0.64	0.33	0.72	0.85	0.92	0.77	0.92	-0.25	0.96		0.7	0.51	0.69	-0.02
Common Stock Total Equity	0.88	0.65	0.61	0.83	0.81	-0.12	-0.71	0.64	0.58	0.63	-0.01	0.71	0.98	0.76	0.21	0.7	0.76	0.57	0.72	-0.01	0.57	0.7		0.64	0.99	-0.24
Short Term Investments	0.66	0.19	0.49	0.72	0.41	-0.32	-0.51	0.55	0.49	0.15	-0.15	0.75	0.63	0.22	0.36	0.62	0.45	0.25	0.72	-0.13	0.44	0.51	0.64		0.64	-0.22
Common Stock	0.89	0.68	0.59	0.85	0.87	-0.06	-0.71	0.62	0.54	0.66	-0.06	0.7	0.99	0.77	0.14	0.71	0.75	0.58	0.7	-0.02	0.55	0.69	0.99	0.64		-0.24
Current Deferred Revenue	-0.33	-0.29	0.12	-0.58	0.07	-0.07	-0.2	-0.24	-0.18	-0.29	0.23	-0.38	-0.28	0.0	-0.06	-0.01	0.04	0.26	-0.18	-0.25	0.18	-0.02	-0.24	-0.22	-0.24

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Alkermes Plc Account Relationship Matchups

Alkermes Plc fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.8B	1.9B	2.0B	2.0B	2.1B	2.2B
Short Long Term Debt Total	277.1M	275.0M	295.8M	293.3M	290.7M	214.8M
Total Current Liabilities	391.1M	438.3M	471.3M	497.7M	515.7M	541.5M
Total Stockholder Equity	1.1B	1.1B	1.1B	1.0B	1.2B	1.3B
Property Plant And Equipment Net	362.2M	350.0M	341.1M	325.4M	226.9M	162.1M
Net Debt	73.4M	2M	(41.7M)	797K	(166.7M)	(158.4M)
Retained Earnings	(1.4B)	(1.5B)	(1.5B)	(1.7B)	(1.3B)	(1.3B)
Accounts Payable	54.3M	46.0M	55.7M	32.8M	65.6M	68.9M
Cash	203.8M	273.0M	337.5M	292.5M	457.5M	480.3M
Non Current Assets Total	764.0M	814.0M	732.9M	702.1M	705.1M	424.9M
Non Currrent Assets Other	(17.6M)	148.9M	(86.3M)	(1.1M)	157.4M	165.2M
Cash And Short Term Investments	614.4M	659.8M	765.7M	740.1M	813.4M	854.0M
Common Stock Shares Outstanding	157.1M	158.8M	160.9M	163.5M	169.7M	107.2M
Liabilities And Stockholders Equity	1.8B	1.9B	2.0B	2.0B	2.1B	2.2B
Non Current Liabilities Total	328.8M	444.5M	440.6M	422.5M	417.9M	248.1M
Other Current Assets	59.7M	60.7M	49.0M	43.5M	98.2M	103.1M
Other Stockholder Equity	2.5B	2.6B	2.7B	2.8B	2.5B	2.7B
Total Liab	720.0M	882.7M	911.9M	920.2M	933.5M	980.2M
Property Plant And Equipment Gross	362.2M	481.7M	852.2M	874.9M	548.6M	576.0M
Total Current Assets	1.0B	1.1B	1.3B	1.3B	1.4B	1.5B
Accumulated Other Comprehensive Income	(1.8M)	(1.3M)	(3.7M)	(10.9M)	(3.1M)	(3.3M)
Other Current Liab	327.2M	381.9M	406.2M	455.1M	444.3M	466.5M
Net Receivables	265.5M	289.5M	326.6M	296.9M	333.2M	349.8M
Common Stock Total Equity	1.6M	1.6M	1.7M	1.7M	1.9M	1.2M
Short Term Investments	331.2M	362.1M	198.8M	316.0M	316.0M	251.8M
Common Stock	1.6M	1.6M	1.7M	1.7M	1.7M	1.2M
Current Deferred Revenue	6.8M	7.5M	6.3M	6.8M	2.7M	2.6M
Other Liab	49.2M	52.9M	147.8M	42.4M	48.7M	45.4M
Other Assets	140.1M	284.7M	224.9M	122.4M	1.0	0.95
Long Term Debt	274.3M	272.1M	292.8M	290.3M	287.7M	282.4M
Property Plant Equipment	362.2M	350.0M	341.1M	325.4M	374.2M	214.7M
Inventory	101.8M	125.7M	150.3M	181.4M	186.4M	195.7M
Net Tangible Assets	841.9M	862.9M	945.7M	913.2M	1.1B	791.1M
Retained Earnings Total Equity	(1.4B)	(1.5B)	(1.5B)	(1.7B)	(1.5B)	(1.6B)
Long Term Debt Total	274.3M	272.1M	292.8M	290.3M	261.2M	247.6M
Capital Surpluse	2.6B	2.7B	2.8B	2.9B	3.4B	2.5B

Pair Trading with Alkermes 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 Alkermes 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 Alkermes Plc will appreciate offsetting losses from the drop in the long position's value.

Moving together with Alkermes Stock

0.77

VTRS

Viatris

Pair Corr

Moving against Alkermes Stock

0.83	VRCA	Verrica Pharmaceuticals	Pair Corr
0.64	ELDN	Eledon Pharmaceuticals	Pair Corr
0.64	BIAFW	BioAffinity Technologies	Pair Corr
0.56	OGN	Organon	Pair Corr
0.46	HOOK	Hookipa Pharma	Pair Corr

The ability to find closely correlated positions to Alkermes 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 Alkermes 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 Alkermes 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 Alkermes Plc to buy it.

The correlation of Alkermes 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 Alkermes Plc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alkermes 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 Alkermes 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.

Pair Correlation Correlation Matching

Additional Tools for Alkermes Stock Analysis

When running Alkermes Plc's price analysis, check to measure Alkermes Plc'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 Alkermes Plc is operating at the current time. Most of Alkermes Plc's value examination focuses on studying past and present price action to predict the probability of Alkermes Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alkermes Plc's price. Additionally, you may evaluate how the addition of Alkermes Plc to your portfolios can decrease your overall portfolio volatility.

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