Unisys Capital Expenditures vs Depreciation Analysis

UIS Stock

USD 4.31 0.15 3.61%

Unisys financial indicator trend analysis is much more than just breaking down Unisys prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Unisys is a good investment. Please check the relationship between Unisys Capital Expenditures and its Depreciation accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Unisys. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

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

Capital Expenditures vs Depreciation

Capital Expenditures vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Unisys Capital Expenditures account and Depreciation. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Unisys' Capital Expenditures and Depreciation is 0.94. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Depreciation in the same time period over historical financial statements of Unisys, assuming nothing else is changed. The correlation between historical values of Unisys' Capital Expenditures and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Unisys are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Capital Expenditures i.e., Unisys' Capital Expenditures and Depreciation go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Capital Expenditures

Capital Expenditures are funds used by Unisys to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Unisys operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Depreciation

Depreciation indicates how much of Unisys value has been used up. For tax purposes Unisys can deduct the cost of the tangible assets it purchases as business expenses. However, Unisys must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Most indicators from Unisys' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Unisys 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 Unisys. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy Unisys Stock please use our How to Invest in Unisys guide.At this time, Unisys' Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 4.55 in 2024, whereas Discontinued Operations is likely to drop slightly above 854.7 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	572M	529.6M	556.9M	529.1M
Total Revenue	2.1B	2.0B	2.0B	1.9B

Gross Profit Total Revenue

Unisys fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock	Common Stock Total Equity
Total Assets		0.36	0.96	0.69	0.69	0.94	0.57	0.92	-0.38	0.84	0.78	-0.38	0.74	-0.7	-0.38	0.92	0.21	-0.83	-0.28	0.77	0.97	0.58	0.79	0.96	-0.91	0.89
Short Long Term Debt Total	0.36		0.33	-0.27	0.66	0.43	0.75	0.51	-0.14	0.58	0.48	-0.14	0.44	-0.32	-0.53	0.43	-0.47	-0.53	-0.37	0.68	0.23	0.2	0.68	0.39	-0.46	0.55
Other Current Liab	0.96	0.33		0.69	0.69	0.98	0.64	0.91	-0.56	0.75	0.77	-0.56	0.83	-0.81	-0.4	0.98	0.27	-0.92	-0.26	0.83	0.95	0.62	0.85	0.99	-0.97	0.93
Total Current Liabilities	0.69	-0.27	0.69		0.01	0.56	-0.04	0.43	-0.1	0.32	0.35	-0.1	0.47	-0.62	0.29	0.53	0.72	-0.44	0.36	0.19	0.78	0.41	0.24	0.62	-0.5	0.39
Total Stockholder Equity	0.69	0.66	0.69	0.01		0.79	0.81	0.87	-0.54	0.74	0.74	-0.54	0.65	-0.45	-0.92	0.81	-0.36	-0.8	-0.81	0.9	0.6	0.58	0.9	0.74	-0.82	0.88
Property Plant And Equipment Net	0.94	0.43	0.98	0.56	0.79		0.74	0.96	-0.63	0.81	0.81	-0.63	0.83	-0.77	-0.53	0.99	0.12	-0.93	-0.4	0.91	0.91	0.66	0.92	0.99	-0.99	0.98
Net Debt	0.57	0.75	0.64	-0.04	0.81	0.74		0.77	-0.74	0.78	0.75	-0.74	0.54	-0.45	-0.71	0.76	-0.3	-0.72	-0.62	0.9	0.43	0.45	0.86	0.71	-0.78	0.85
Retained Earnings	0.92	0.51	0.91	0.43	0.87	0.96	0.77		-0.57	0.87	0.81	-0.57	0.75	-0.65	-0.65	0.95	-0.08	-0.88	-0.54	0.92	0.85	0.7	0.92	0.95	-0.96	0.98
Cash	-0.38	-0.14	-0.56	-0.1	-0.54	-0.63	-0.74	-0.57		-0.45	-0.55	1.0	-0.44	0.43	0.54	-0.66	-0.01	0.59	0.52	-0.67	-0.32	-0.45	-0.63	-0.61	0.67	-0.67
Non Current Assets Total	0.84	0.58	0.75	0.32	0.74	0.81	0.78	0.87	-0.45		0.81	-0.45	0.47	-0.4	-0.52	0.78	-0.16	-0.65	-0.49	0.81	0.69	0.46	0.76	0.81	-0.8	0.86
Non Currrent Assets Other	0.78	0.48	0.77	0.35	0.74	0.81	0.75	0.81	-0.55	0.81		-0.55	0.56	-0.5	-0.56	0.81	0.1	-0.72	-0.49	0.74	0.69	0.42	0.77	0.81	-0.82	0.84
Cash And Short Term Investments	-0.38	-0.14	-0.56	-0.1	-0.54	-0.63	-0.74	-0.57	1.0	-0.45	-0.55		-0.44	0.43	0.54	-0.66	-0.01	0.59	0.52	-0.67	-0.32	-0.45	-0.63	-0.61	0.67	-0.67
Net Receivables	0.74	0.44	0.83	0.47	0.65	0.83	0.54	0.75	-0.44	0.47	0.56	-0.44		-0.93	-0.4	0.84	0.22	-0.95	-0.14	0.79	0.78	0.52	0.86	0.82	-0.83	0.78
Common Stock Shares Outstanding	-0.7	-0.32	-0.81	-0.62	-0.45	-0.77	-0.45	-0.65	0.43	-0.4	-0.5	0.43	-0.93		0.16	-0.78	-0.45	0.88	-0.09	-0.67	-0.75	-0.55	-0.74	-0.79	0.77	-0.68
Non Current Liabilities Total	-0.38	-0.53	-0.4	0.29	-0.92	-0.53	-0.71	-0.65	0.54	-0.52	-0.56	0.54	-0.4	0.16		-0.57	0.53	0.56	0.95	-0.72	-0.29	-0.5	-0.71	-0.47	0.59	-0.67
Inventory	0.92	0.43	0.98	0.53	0.81	0.99	0.76	0.95	-0.66	0.78	0.81	-0.66	0.84	-0.78	-0.57		0.12	-0.95	-0.43	0.92	0.89	0.66	0.93	0.99	-1.0	0.98
Other Current Assets	0.21	-0.47	0.27	0.72	-0.36	0.12	-0.3	-0.08	-0.01	-0.16	0.1	-0.01	0.22	-0.45	0.53	0.12		-0.1	0.57	-0.21	0.34	0.0	-0.13	0.21	-0.08	-0.06
Other Stockholder Equity	-0.83	-0.53	-0.92	-0.44	-0.8	-0.93	-0.72	-0.88	0.59	-0.65	-0.72	0.59	-0.95	0.88	0.56	-0.95	-0.1		0.34	-0.91	-0.82	-0.62	-0.96	-0.92	0.95	-0.92
Total Liab	-0.28	-0.37	-0.26	0.36	-0.81	-0.4	-0.62	-0.54	0.52	-0.49	-0.49	0.52	-0.14	-0.09	0.95	-0.43	0.57	0.34		-0.56	-0.17	-0.39	-0.52	-0.34	0.45	-0.54
Property Plant And Equipment Gross	0.77	0.68	0.83	0.19	0.9	0.91	0.9	0.92	-0.67	0.81	0.74	-0.67	0.79	-0.67	-0.72	0.92	-0.21	-0.91	-0.56		0.69	0.59	0.98	0.87	-0.93	0.96
Total Current Assets	0.97	0.23	0.95	0.78	0.6	0.91	0.43	0.85	-0.32	0.69	0.69	-0.32	0.78	-0.75	-0.29	0.89	0.34	-0.82	-0.17	0.69		0.57	0.73	0.93	-0.88	0.82
Short Term Debt	0.58	0.2	0.62	0.41	0.58	0.66	0.45	0.7	-0.45	0.46	0.42	-0.45	0.52	-0.55	-0.5	0.66	0.0	-0.62	-0.39	0.59	0.57		0.6	0.64	-0.66	0.65
Intangible Assets	0.79	0.68	0.85	0.24	0.9	0.92	0.86	0.92	-0.63	0.76	0.77	-0.63	0.86	-0.74	-0.71	0.93	-0.13	-0.96	-0.52	0.98	0.73	0.6		0.89	-0.94	0.96
Accounts Payable	0.96	0.39	0.99	0.62	0.74	0.99	0.71	0.95	-0.61	0.81	0.81	-0.61	0.82	-0.79	-0.47	0.99	0.21	-0.92	-0.34	0.87	0.93	0.64	0.89		-0.98	0.96
Common Stock	-0.91	-0.46	-0.97	-0.5	-0.82	-0.99	-0.78	-0.96	0.67	-0.8	-0.82	0.67	-0.83	0.77	0.59	-1.0	-0.08	0.95	0.45	-0.93	-0.88	-0.66	-0.94	-0.98		-0.99
Common Stock Total Equity	0.89	0.55	0.93	0.39	0.88	0.98	0.85	0.98	-0.67	0.86	0.84	-0.67	0.78	-0.68	-0.67	0.98	-0.06	-0.92	-0.54	0.96	0.82	0.65	0.96	0.96	-0.99

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Unisys Account Relationship Matchups

Unisys fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.5B	2.7B	2.4B	2.1B	2.0B	1.9B
Short Long Term Debt Total	663.2M	692.3M	575.5M	542.8M	548.9M	1.1B
Other Current Liab	373.2M	352M	300.9M	271.6M	289.3M	274.8M
Total Current Liabilities	927.3M	935.1M	752.5M	650.5M	650.9M	618.4M
Total Stockholder Equity	(1.2B)	(356.8M)	(113.7M)	(14.7M)	(151.8M)	(144.2M)
Property Plant And Equipment Net	251.5M	189.8M	149.2M	118.4M	112.1M	106.5M
Net Debt	124.4M	(206.2M)	22.6M	151M	161.2M	153.1M
Retained Earnings	(1.7B)	(960.5M)	(1.4B)	(1.5B)	(1.9B)	(1.8B)
Cash	538.8M	898.5M	552.9M	391.8M	387.7M	614.5M
Non Current Assets Total	1.3B	1.2B	1.3B	1.1B	998.1M	948.2M
Non Currrent Assets Other	214.5M	212.3M	201.6M	286.4M	187.8M	178.4M
Cash And Short Term Investments	538.8M	898.5M	552.9M	391.8M	387.7M	614.5M
Net Receivables	548M	504.8M	493.7M	431.4M	466.2M	868.4M
Common Stock Shares Outstanding	56.0M	62.9M	66.5M	67.7M	68.3M	38.8M
Liabilities And Stockholders Equity	2.5B	2.7B	2.4B	2.1B	2.0B	1.9B
Non Current Liabilities Total	2.8B	2.1B	1.7B	1.4B	1.5B	1.9B
Inventory	20.7M	13.4M	7.6M	14.9M	15.3M	14.5M
Other Current Assets	113.8M	89.3M	78.8M	92.3M	98.1M	93.2M
Other Stockholder Equity	4.6B	4.5B	4.6B	4.6B	4.6B	3.3B
Total Liab	3.7B	3.0B	2.5B	2.0B	2.1B	3.5B
Property Plant And Equipment Gross	454M	363.7M	468M	410.8M	431.8M	581.7M
Total Current Assets	1.2B	1.5B	1.1B	930.4M	967.3M	918.9M
Accumulated Other Comprehensive Income	(4.1B)	(3.9B)	(3.3B)	(3.1B)	(2.8B)	(2.9B)
Short Term Debt	13.5M	102.8M	18.2M	17.4M	32.1M	30.5M
Intangible Assets	186.8M	193.6M	211.1M	217.5M	208.9M	410.0M
Accounts Payable	252M	223.2M	180.2M	160.8M	130.9M	124.4M
Other Liab	2.2B	1.5B	1.2B	867.9M	998.1M	1.8B
Other Assets	667.2M	709.9M	611.2M	445.8M	401.2M	787.8M
Long Term Debt	566.1M	527.1M	511.2M	495.7M	491.2M	505.2M
Treasury Stock	(109.6M)	(114.4M)	(152.2M)	(156M)	(140.4M)	(133.4M)
Property Plant Equipment	124.4M	110.5M	149.2M	184.8M	166.3M	217.0M
Current Deferred Revenue	288.6M	257.1M	253.2M	200.7M	198.6M	188.7M
Good Will	177.2M	108.6M	315M	287.1M	287.4M	215.5M
Net Tangible Assets	(1.0B)	(458.7M)	(639.8M)	(367.3M)	(422.4M)	(443.5M)
Noncontrolling Interest In Consolidated Entity	37.1M	44.7M	49.3M	36.5M	42.0M	25.4M
Retained Earnings Total Equity	(1.7B)	(960.5M)	(1.4B)	(1.5B)	(1.7B)	(1.8B)
Long Term Debt Total	566.1M	527.1M	511.2M	495.7M	570.1M	476.4M

Pair Trading with Unisys

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 Unisys 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 Unisys will appreciate offsetting losses from the drop in the long position's value.

Moving against Unisys Stock

0.73	KD	Kyndryl Holdings	Pair Corr
0.71	VNET	VNET Group DRC	Pair Corr
0.68	DTST	Data Storage Corp	Pair Corr
0.57	FIS	Fidelity National	Pair Corr
0.54	DMRC	Digimarc	Pair Corr

The ability to find closely correlated positions to Unisys could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Unisys 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 Unisys - 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 Unisys to buy it.

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

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

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