Amdocs Total Assets vs Other Current Assets Analysis
DOX Stock | USD 83.36 0.63 0.75% |
Amdocs financial indicator trend analysis is way more than just evaluating Amdocs prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Amdocs is a good investment. Please check the relationship between Amdocs Total Assets and its Other Current Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Amdocs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy Amdocs Stock please use our How to Invest in Amdocs guide.
Total Assets vs Other Current Assets
Total Assets vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Amdocs Total Assets account and Other Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Amdocs' Total Assets and Other Current Assets is 0.73. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Amdocs, assuming nothing else is changed. The correlation between historical values of Amdocs' Total Assets and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Amdocs are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Assets i.e., Amdocs' Total Assets and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.73 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Assets
Total assets refers to the total amount of Amdocs assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Amdocs books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.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.Most indicators from Amdocs' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Amdocs 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Amdocs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy Amdocs Stock please use our How to Invest in Amdocs guide.At this time, Amdocs' Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 14.45 in 2024, whereas Selling General Administrative is likely to drop slightly above 390.6 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.6B | 1.7B | 2.0B | 1.1B | Total Revenue | 4.6B | 4.9B | 5.6B | 3.1B |
Amdocs fundamental ratios Correlations
Click cells to compare fundamentals
Amdocs Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Amdocs fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.3B | 6.5B | 6.4B | 6.4B | 7.4B | 4.5B | |
Other Current Liab | 794.4M | 886.6M | 821.3M | 849.4M | 976.9M | 1.0B | |
Total Current Liabilities | 1.2B | 1.3B | 1.3B | 1.4B | 1.6B | 1.0B | |
Total Stockholder Equity | 3.6B | 3.6B | 3.5B | 3.5B | 4.1B | 2.8B | |
Property Plant And Equipment Net | 903.4M | 931.9M | 971.2M | 951.9M | 1.1B | 1.1B | |
Net Debt | 50.0M | 172.1M | 253.5M | 287.2M | 258.5M | 271.4M | |
Retained Earnings | 5.3B | 5.9B | 6.2B | 6.5B | 7.5B | 7.9B | |
Accounts Payable | 930.3M | 121.2M | 134.4M | 293.3M | 337.3M | 428.4M | |
Cash | 983.2M | 709.1M | 573.4M | 520.1M | 598.1M | 720.1M | |
Non Current Assets Total | 4.3B | 4.4B | 4.4B | 4.5B | 5.2B | 2.6B | |
Non Currrent Assets Other | 488.6M | 630.7M | 574.9M | 631.6M | 726.3M | 762.6M | |
Cash And Short Term Investments | 983.9M | 965.6M | 818.0M | 742.5M | 853.9M | 1.0B | |
Net Receivables | 861.0M | 866.8M | 946.8M | 944.5M | 1.1B | 618.6M | |
Common Stock Shares Outstanding | 133.2M | 128.0M | 121.9M | 118.5M | 106.6M | 144.3M | |
Liabilities And Stockholders Equity | 6.3B | 6.5B | 6.4B | 6.4B | 7.4B | 4.5B | |
Non Current Liabilities Total | 1.5B | 1.6B | 1.6B | 1.5B | 1.7B | 1.8B | |
Other Current Assets | 229.6M | 235.1M | 238.4M | 224.6M | 258.3M | 307.0M | |
Other Stockholder Equity | (1.7B) | (2.3B) | (2.6B) | (3.0B) | (2.7B) | (2.5B) | |
Total Liab | 2.7B | 2.9B | 2.8B | 2.9B | 3.3B | 1.7B | |
Total Current Assets | 2.1B | 2.1B | 2.0B | 1.9B | 2.2B | 1.9B | |
Short Term Debt | 159.1M | 58.7M | 43.3M | 40.0M | 46.0M | 43.7M | |
Property Plant And Equipment Gross | 903.4M | 931.9M | 971.2M | 951.9M | 1.1B | 1.1B | |
Accumulated Other Comprehensive Income | 11.7M | 9.3M | (72.5M) | (53.3M) | (47.9M) | (45.5M) | |
Common Stock | 4.5M | 4.5M | 4.5M | 4.6M | 5.3M | 4.4M | |
Current Deferred Revenue | 126.8M | 237.4M | 253.7M | 170.6M | 196.2M | 184.3M | |
Other Liab | 542.4M | 586.2M | 750.3M | 793.9M | 913.0M | 469.4M | |
Other Assets | 423.9M | 488.6M | 630.7M | 574.9M | 661.2M | 386.6M | |
Good Will | 2.6B | 2.6B | 2.7B | 2.7B | 3.2B | 1.9B | |
Intangible Assets | 296.3M | 259.0M | 178.3M | 181.5M | 163.4M | 317.6M | |
Property Plant Equipment | 354.0M | 723.6M | 931.9M | 971.2M | 1.1B | 1.2B | |
Short Term Investments | 752K | 256.5M | 244.6M | 222.5M | 200.2M | 266.3M | |
Net Tangible Assets | 660.6M | 567.8M | 711.0M | 676.6M | 609.0M | 676.1M |
Pair Trading with Amdocs
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 Amdocs 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 Amdocs will appreciate offsetting losses from the drop in the long position's value.Moving together with Amdocs Stock
0.65 | S | SentinelOne Financial Report 6th of June 2024 | PairCorr |
0.64 | MQ | Marqeta Financial Report 14th of May 2024 | PairCorr |
Moving against Amdocs Stock
0.82 | NN | Nextnav Acquisition Corp Financial Report 8th of May 2024 | PairCorr |
0.61 | GB | Global Blue Group | PairCorr |
0.6 | EGIO | Edgio Inc Report 17th of July 2024 | PairCorr |
0.46 | VERI | Veritone Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Amdocs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amdocs 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 Amdocs - 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 Amdocs to buy it.
The correlation of Amdocs 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 Amdocs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amdocs 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 Amdocs 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Amdocs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy Amdocs Stock please use our How to Invest in Amdocs guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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Is Amdocs' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Amdocs. If investors know Amdocs will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Amdocs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.18 | Dividend Share 1.74 | Earnings Share 4.68 | Revenue Per Share 41.665 | Quarterly Revenue Growth 0.05 |
The market value of Amdocs is measured differently than its book value, which is the value of Amdocs that is recorded on the company's balance sheet. Investors also form their own opinion of Amdocs' value that differs from its market value or its book value, called intrinsic value, which is Amdocs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Amdocs' market value can be influenced by many factors that don't directly affect Amdocs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Amdocs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Amdocs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amdocs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.