Qorvo Retained Earnings vs Total Current Assets Analysis

QRVO Stock

USD 95.67 16.22 14.50%

Qorvo financial indicator trend analysis is much more than just breaking down Qorvo Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Qorvo Inc is a good investment. Please check the relationship between Qorvo Retained Earnings and its Total Current Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Qorvo Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

Retained Earnings vs Total Current Assets

Retained Earnings vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Qorvo Inc Retained Earnings account and Total Current Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between Qorvo's Retained Earnings and Total Current Assets is 0.71. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Qorvo Inc, assuming nothing else is changed. The correlation between historical values of Qorvo's Retained Earnings and Total 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 Retained Earnings of Qorvo Inc are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Retained Earnings i.e., Qorvo's Retained Earnings and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from Qorvo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qorvo Inc 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Qorvo Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

At this time, Qorvo's Issuance Of Capital Stock is very stable compared to the past year. As of the 3rd of May 2024, Enterprise Value Over EBITDA is likely to grow to 116.79, while Selling General Administrative is likely to drop about 280.2 M.

	2021	2022	2023	2024 (projected)
Gross Profit	2.3B	1.3B	1.5B	804.4M
Total Revenue	4.6B	3.6B	3.8B	1.9B

Gross Profit Total Revenue

Qorvo fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Good Will	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total
Total Assets		0.75	0.46	0.95	0.43	0.46	0.7	0.52	0.61	-0.16	0.76	0.51	0.71	0.63	0.9	0.94	0.73	0.92	0.89	0.6	0.96	0.78	0.8	0.88	0.78	0.81
Other Current Liab	0.75		0.37	0.65	0.4	0.36	0.55	0.68	0.6	-0.27	0.79	0.39	0.65	0.3	0.59	0.73	0.75	0.72	0.69	0.69	0.69	0.65	0.58	0.69	0.54	0.76
Total Current Liabilities	0.46	0.37		0.3	0.57	0.99	0.8	0.8	0.89	-0.47	0.82	0.84	0.87	0.03	0.23	0.48	0.68	0.7	0.5	0.6	0.54	0.71	0.7	0.65	0.42	0.67
Total Stockholder Equity	0.95	0.65	0.3		0.24	0.33	0.54	0.32	0.4	0.05	0.6	0.47	0.52	0.79	0.98	0.87	0.64	0.84	0.86	0.37	0.95	0.65	0.66	0.79	0.79	0.62
Retained Earnings	0.43	0.4	0.57	0.24		0.52	0.69	0.76	0.74	-0.58	0.64	0.43	0.73	-0.14	0.07	0.39	0.4	0.58	0.41	0.66	0.42	0.54	0.68	0.66	0.23	0.75
Accounts Payable	0.46	0.36	0.99	0.33	0.52		0.77	0.77	0.85	-0.42	0.79	0.85	0.84	0.09	0.26	0.49	0.69	0.69	0.5	0.55	0.55	0.67	0.68	0.67	0.45	0.63
Cash	0.7	0.55	0.8	0.54	0.69	0.77		0.72	0.88	-0.57	0.84	0.6	0.9	0.06	0.44	0.74	0.66	0.84	0.77	0.61	0.7	0.8	0.97	0.82	0.63	0.86
Other Assets	0.52	0.68	0.8	0.32	0.76	0.77	0.72		0.88	-0.47	0.88	0.66	0.88	-0.01	0.2	0.47	0.71	0.7	0.49	0.79	0.53	0.74	0.66	0.75	0.33	0.81
Long Term Debt	0.61	0.6	0.89	0.4	0.74	0.85	0.88	0.88		-0.62	0.94	0.64	0.99	-0.01	0.29	0.64	0.78	0.82	0.66	0.86	0.64	0.81	0.8	0.75	0.56	0.91
Short Term Investments	-0.16	-0.27	-0.47	0.05	-0.58	-0.42	-0.57	-0.47	-0.62		-0.49	-0.14	-0.56	0.53	0.14	-0.37	-0.28	-0.34	-0.39	-0.56	-0.14	-0.46	-0.44	-0.32	-0.22	-0.55
Inventory	0.76	0.79	0.82	0.6	0.64	0.79	0.84	0.88	0.94	-0.49		0.69	0.96	0.19	0.51	0.75	0.83	0.91	0.77	0.84	0.78	0.86	0.79	0.82	0.63	0.92
Other Current Assets	0.51	0.39	0.84	0.47	0.43	0.85	0.6	0.66	0.64	-0.14	0.69		0.67	0.37	0.43	0.45	0.58	0.68	0.46	0.35	0.62	0.55	0.56	0.62	0.31	0.48
Total Liab	0.71	0.65	0.87	0.52	0.73	0.84	0.9	0.88	0.99	-0.56	0.96	0.67		0.12	0.42	0.72	0.81	0.89	0.74	0.85	0.74	0.86	0.85	0.83	0.62	0.94
Intangible Assets	0.63	0.3	0.03	0.79	-0.14	0.09	0.06	-0.01	-0.01	0.53	0.19	0.37	0.12		0.84	0.45	0.44	0.48	0.46	0.01	0.69	0.27	0.19	0.42	0.52	0.16
Common Stock	0.9	0.59	0.23	0.98	0.07	0.26	0.44	0.2	0.29	0.14	0.51	0.43	0.42	0.84		0.83	0.59	0.77	0.82	0.27	0.9	0.59	0.56	0.7	0.78	0.5
Property Plant Equipment	0.94	0.73	0.48	0.87	0.39	0.49	0.74	0.47	0.64	-0.37	0.75	0.45	0.72	0.45	0.83		0.72	0.89	0.94	0.61	0.89	0.77	0.8	0.84	0.83	0.8
Other Liab	0.73	0.75	0.68	0.64	0.4	0.69	0.66	0.71	0.78	-0.28	0.83	0.58	0.81	0.44	0.59	0.72		0.81	0.75	0.72	0.79	0.79	0.65	0.77	0.77	0.78
Good Will	0.92	0.72	0.7	0.84	0.58	0.69	0.84	0.7	0.82	-0.34	0.91	0.68	0.89	0.48	0.77	0.89	0.81		0.92	0.71	0.96	0.87	0.86	0.91	0.8	0.89
Property Plant And Equipment Net	0.89	0.69	0.5	0.86	0.41	0.5	0.77	0.49	0.66	-0.39	0.77	0.46	0.74	0.46	0.82	0.94	0.75	0.92		0.55	0.93	0.79	0.78	0.85	0.91	0.79
Net Debt	0.6	0.69	0.6	0.37	0.66	0.55	0.61	0.79	0.86	-0.56	0.84	0.35	0.85	0.01	0.27	0.61	0.72	0.71	0.55		0.56	0.73	0.58	0.62	0.46	0.9
Non Current Assets Total	0.96	0.69	0.54	0.95	0.42	0.55	0.7	0.53	0.64	-0.14	0.78	0.62	0.74	0.69	0.9	0.89	0.79	0.96	0.93	0.56		0.79	0.75	0.88	0.85	0.77
Non Currrent Assets Other	0.78	0.65	0.71	0.65	0.54	0.67	0.8	0.74	0.81	-0.46	0.86	0.55	0.86	0.27	0.59	0.77	0.79	0.87	0.79	0.73	0.79		0.79	0.84	0.71	0.85
Cash And Short Term Investments	0.8	0.58	0.7	0.66	0.68	0.68	0.97	0.66	0.8	-0.44	0.79	0.56	0.85	0.19	0.56	0.8	0.65	0.86	0.78	0.58	0.75	0.79		0.86	0.64	0.86
Net Receivables	0.88	0.69	0.65	0.79	0.66	0.67	0.82	0.75	0.75	-0.32	0.82	0.62	0.83	0.42	0.7	0.84	0.77	0.91	0.85	0.62	0.88	0.84	0.86		0.74	0.84
Common Stock Shares Outstanding	0.78	0.54	0.42	0.79	0.23	0.45	0.63	0.33	0.56	-0.22	0.63	0.31	0.62	0.52	0.78	0.83	0.77	0.8	0.91	0.46	0.85	0.71	0.64	0.74		0.65
Non Current Liabilities Total	0.81	0.76	0.67	0.62	0.75	0.63	0.86	0.81	0.91	-0.55	0.92	0.48	0.94	0.16	0.5	0.8	0.78	0.89	0.79	0.9	0.77	0.85	0.86	0.84	0.65

Click cells to compare fundamentals

Qorvo Account Relationship Matchups

Qorvo fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.6B	7.2B	7.5B	6.7B	6.6B	3.6B
Other Current Liab	74.2M	112.7M	347.2M	345.1M	201.6M	111.8M
Total Current Liabilities	539.0M	681.6M	675.1M	555.8M	1.2B	1.3B
Total Stockholder Equity	4.3B	4.6B	4.6B	3.9B	3.6B	2.4B
Retained Earnings	0.0	355.0M	512.1M	84.5M	76.0M	79.8M
Accounts Payable	247.0M	313.9M	327.9M	210.7M	589.8M	619.2M
Cash	714.9M	1.4B	972.6M	808.8M	1.0B	1.1B
Other Assets	100.2M	119.5M	324.1M	193.4M	222.4M	233.5M
Long Term Debt	1.6B	1.7B	2.0B	2.0B	2.4B	2.5B
Short Term Investments	459K	3.8M	2.9M	1.1M	984.6K	935.4K
Inventory	517.2M	507.8M	755.7M	796.6M	710.6M	746.1M
Other Current Assets	91.2M	120.7M	152.7M	119.9M	293.3M	307.9M
Total Liab	2.3B	2.6B	3.0B	2.8B	3.0B	3.1B
Intangible Assets	808.9M	611.2M	674.8M	537.7M	509.4M	555.5M
Common Stock	4.3B	4.2B	4.0B	3.8B	3.6B	2.5B
Property Plant Equipment	1.3B	1.3B	1.3B	1.1B	1.3B	688.2M
Other Liab	103.7M	114.7M	233.6M	185.3M	213.1M	223.7M
Good Will	2.6B	2.6B	2.8B	2.8B	2.5B	2.7B
Property Plant And Equipment Net	1.3B	1.3B	1.3B	1.1B	871.0M	1.1B
Net Debt	852.3M	344.7M	1.1B	1.2B	958.8M	481.7M
Non Current Assets Total	4.9B	4.7B	5.1B	4.7B	4.1B	4.4B
Non Currrent Assets Other	119.5M	123.3M	287.3M	155.3M	170.4M	178.9M
Cash And Short Term Investments	714.9M	1.4B	972.6M	808.8M	1.0B	796.3M
Net Receivables	367.2M	457.4M	568.9M	304.5M	413.0M	385.4M
Common Stock Shares Outstanding	119.3M	116.0M	111.5M	103.0M	97.6M	119.7M
Non Current Liabilities Total	1.7B	1.9B	2.3B	2.2B	1.8B	1.4B
Other Stockholder Equity	288K	29.6M	5.2M	(3.2M)	(2.9M)	(2.7M)
Total Current Assets	1.7B	2.5B	2.4B	2.0B	2.4B	1.8B
Short Long Term Debt Total	1.6B	1.7B	2.0B	2.0B	2.0B	1.5B
Net Tangible Assets	869.5M	1.4B	1.1B	604.3M	543.9M	967.0M
Common Stock Total Equity	4.3B	4.2B	4.0B	3.8B	3.4B	3.6B
Liabilities And Stockholders Equity	6.6B	7.2B	7.5B	6.7B	6.6B	6.8B
Long Term Investments	22.5M	35.4M	31.1M	20.4M	23.5M	37.4M
Property Plant And Equipment Gross	1.3B	1.3B	3.0B	3.1B	3.5B	3.7B
Accumulated Other Comprehensive Income	2.3M	29.6M	5.2M	(3.2M)	(3.7M)	(3.5M)

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Qorvo Inc using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations

Fix portfolios for free

When determining whether Qorvo Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Qorvo's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Qorvo Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Qorvo Inc Stock:

How To Invest In Qorvo

Details

Is Qorvo Stock a good investment?

Details

What is Qorvo's Net Worth?

Details

Largest Semiconductors & Semiconductor Equipment Companies

View

Largest Information Technology Companies

View

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Qorvo Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Complementary Tools for Qorvo Stock analysis

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

	Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
	Insider Screener Find insiders across different sectors to evaluate their impact on performance
	Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum
	Technical Analysis Check basic technical indicators and analysis based on most latest market data
	Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
	Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
	Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
	Performance Analysis Check effects of mean-variance optimization against your current asset allocation
	Content Syndication Quickly integrate customizable finance content to your own investment portal
	Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges
	Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges
	Commodity Directory Find actively traded commodities issued by global exchanges

Is Qorvo's 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 Qorvo. If investors know Qorvo 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 Qorvo 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

(0.46)

Earnings Share

(0.73)

Revenue Per Share

38.639

Quarterly Revenue Growth

0.487

Return On Assets

0.0087

The market value of Qorvo Inc is measured differently than its book value, which is the value of Qorvo that is recorded on the company's balance sheet. Investors also form their own opinion of Qorvo's value that differs from its market value or its book value, called intrinsic value, which is Qorvo's 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 Qorvo's market value can be influenced by many factors that don't directly affect Qorvo's 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 Qorvo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Qorvo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Qorvo's 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Qorvo Retained Earnings vs Total Current Assets Analysis

Retained Earnings vs Total Current Assets

Retained Earnings vs Total Current Assets Correlation Analysis

Correlation Coefficient

Retained Earnings

Total Current Assets

Qorvo fundamental ratios Correlations

Qorvo Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Qorvo fundamental ratios Accounts

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

Align your risk with return expectations

Complementary Tools for Qorvo Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Accounts Payable	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Long Term Debt
Common Stock	+ 0.98	Total Stockholder Equity
Cash And Short Term Investments	+ 0.97	Cash
Non Current Assets Total	+ 0.96	Total Assets
Total Liab	+ 0.96	Inventory

Short Term Investments	- 0.62	Long Term Debt
Short Term Investments	- 0.58	Retained Earnings
Short Term Investments	- 0.57	Cash
Net Debt	- 0.56	Short Term Investments
Total Liab	- 0.56	Short Term Investments
Non Current Liabilities Total	- 0.55	Short Term Investments