ICON Net Receivables vs Accounts Payable Analysis
ICLR Stock | USD 313.33 4.59 1.44% |
ICON PLC financial indicator trend analysis is infinitely more than just investigating ICON PLC recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ICON PLC is a good investment. Please check the relationship between ICON PLC Net Receivables and its Accounts Payable accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ICON PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices. To learn how to invest in ICON Stock, please use our How to Invest in ICON PLC guide.
Net Receivables vs Accounts Payable
Net Receivables vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ICON PLC Net Receivables account and Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.
The correlation between ICON PLC's Net Receivables and Accounts Payable is 0.96. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of ICON PLC, assuming nothing else is changed. The correlation between historical values of ICON PLC's Net Receivables and Accounts Payable 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 Receivables of ICON PLC are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Receivables i.e., ICON PLC's Net Receivables and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Receivables
Accounts Payable
An accounting item on the balance sheet that represents ICON PLC obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of ICON PLC are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from ICON PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ICON 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ICON PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices. To learn how to invest in ICON Stock, please use our How to Invest in ICON PLC guide.At this time, ICON PLC's Selling General Administrative is relatively stable compared to the past year. As of 06/17/2024, Enterprise Value is likely to grow to about 25.3 B, while Tax Provision is likely to drop slightly above 11.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.5B | 2.2B | 1.8B | 1.9B | Total Revenue | 5.5B | 7.7B | 8.1B | 8.5B |
ICON PLC fundamental ratios Correlations
Click cells to compare fundamentals
ICON PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ICON PLC fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 54.3M | 53.3M | 68.1M | 82.5M | 82.7M | 47.6M | |
Total Assets | 2.9B | 3.5B | 17.4B | 17.2B | 17.0B | 17.8B | |
Short Long Term Debt Total | 454.6M | 433.6M | 5.6B | 4.8B | 3.9B | 4.1B | |
Other Current Liab | 362.3M | 402.1M | 1.0B | 1.0B | 893.0M | 937.6M | |
Total Current Liabilities | 1.1B | 1.1B | 2.5B | 2.7B | 2.8B | 3.0B | |
Total Stockholder Equity | 1.6B | 1.9B | 8.1B | 8.5B | 9.2B | 9.7B | |
Property Plant And Equipment Net | 270.1M | 192.9M | 534.6M | 504.2M | 501.5M | 526.6M | |
Net Debt | (65.8M) | (406.7M) | 4.8B | 4.5B | 3.6B | 3.7B | |
Retained Earnings | 1.1B | 1.4B | 1.4B | 1.8B | 2.4B | 2.6B | |
Accounts Payable | 24.1M | 51.1M | 90.8M | 81.2M | 131.6M | 138.2M | |
Cash | 520.3M | 840.3M | 752.2M | 288.8M | 378.1M | 216.9M | |
Non Current Assets Total | 1.3B | 1.4B | 14.4B | 14.0B | 13.6B | 14.3B | |
Cash And Short Term Investments | 569.9M | 842.0M | 753.9M | 290.5M | 380.1M | 261.1M | |
Net Receivables | 1.0B | 1.2B | 2.1B | 2.8B | 2.9B | 3.0B | |
Short Term Investments | 49.6M | 1.7M | 1.7M | 1.7M | 2.0M | 1.9M | |
Liabilities And Stockholders Equity | 2.9B | 3.5B | 17.4B | 17.2B | 17.0B | 17.8B | |
Non Current Liabilities Total | 158.2M | 446.6M | 6.8B | 6.0B | 4.9B | 5.2B | |
Other Current Assets | 41.5M | 53.5M | 114.3M | 137.1M | 132.1M | 77.1M | |
Other Stockholder Equity | 579.0M | 499.1M | 6.7B | 6.8B | 6.9B | 7.3B | |
Total Liab | 1.3B | 1.6B | 9.3B | 8.7B | 7.7B | 8.1B | |
Total Current Assets | 1.6B | 2.1B | 2.9B | 3.2B | 3.4B | 3.6B | |
Accumulated Other Comprehensive Income | (75.8M) | (13M) | (90.9M) | (171.5M) | (142.3M) | (135.2M) | |
Short Term Debt | 335.2M | 378.0M | 24.3M | 55.2M | 146.6M | 117.9M | |
Common Stock | 4.6M | 4.6M | 6.6M | 6.6M | 6.7M | 4.0M | |
Other Liab | 42.1M | 52.1M | 1.3B | 1.3B | 1.5B | 1.5B | |
Good Will | 883.2M | 936.3M | 9.0B | 9.0B | 9.0B | 9.5B | |
Intangible Assets | 67.9M | 66.5M | 4.7B | 4.3B | 3.9B | 4.0B | |
Property Plant Equipment | 270.1M | 258.9M | 534.6M | 504.2M | 579.8M | 608.8M | |
Current Deferred Revenue | 367.0M | 660.9M | 1.3B | 1.5B | 1.7B | 1.7B | |
Non Currrent Assets Other | 34.7M | 26.9M | 89.2M | 92.2M | 78.5M | 82.4M | |
Common Stock Total Equity | 4.7M | 4.7M | 4.6M | 4.6M | 5.3M | 3.8M | |
Inventory | 2.3M | 3.2M | 4.8M | 1.0 | 7.1M | 0.95 | |
Property Plant And Equipment Gross | 270.1M | 258.9M | 534.6M | 329.4M | 921.4M | 967.5M | |
Other Assets | 51.4M | 50.7M | 137.6M | 169.1M | 194.5M | 204.2M | |
Net Tangible Assets | 667.0M | 847.5M | (5.7B) | (4.8B) | (4.3B) | (4.1B) | |
Long Term Investments | 10.1M | 20.3M | 25.0M | 32.6M | 46.8M | 49.1M |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectAdditional Tools for ICON Stock Analysis
When running ICON PLC's price analysis, check to measure ICON 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 ICON PLC is operating at the current time. Most of ICON PLC's value examination focuses on studying past and present price action to predict the probability of ICON 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 ICON PLC's price. Additionally, you may evaluate how the addition of ICON PLC to your portfolios can decrease your overall portfolio volatility.