Apple Financials

AAPL Stock  USD 165.00  2.04  1.22%   
Based on the measurements of operating efficiency obtained from Apple's historical financial statements, Apple Inc is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in May. At this time, Apple's Cash is quite stable compared to the past year. Non Current Assets Total is expected to rise to about 252.4 B this year, although the value of Retained Earnings are projected to rise to (233.8 M). Key indicators impacting Apple's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.240.23
Sufficiently Up
Slightly volatile
Return On Assets0.260.25
Sufficiently Up
Slightly volatile
Return On Equity1.471.4
Sufficiently Up
Slightly volatile
Debt Equity Ratio1.691.61
Sufficiently Up
Slightly volatile
Operating Income138 B131.4 B
Sufficiently Up
Slightly volatile
Current Ratio1.081.14
Notably Down
Slightly volatile
The financial analysis of Apple is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Apple includes many different criteria found on its balance sheet. For example, investors should never minimize Apple's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Apple's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Apple.

Cash And Equivalents

36.18 Billion

With this module, you can analyze Apple financials for your investing period. You should be able to track the changes in Apple individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past Apple Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Apple's financial statements are interrelated, with each one affecting the others. For example, an increase in Apple's assets may result in an increase in income on the income statement.
The data published in Apple's official financial statements usually reflect Apple's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Apple Inc. For example, before you start analyzing numbers published by Apple accountants, it's critical to develop an understanding of what Apple's liquidity, profitability, and earnings quality are in the context of the Technology Hardware, Storage & Peripherals space in which it operates.
Please note, the presentation of Apple's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Apple's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Apple's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Apple Inc. Please utilize our Beneish M Score to check the likelihood of Apple's management manipulating its earnings.

Apple Stock Summary

Apple competes with LG Display, Sony Corp, Sonos, Vizio Holding, and Singing Machine. Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. Apple Inc. was incorporated in 1977 and is headquartered in Cupertino, California. Apple operates under Consumer Electronics classification in the United States and is traded on NASDAQ Exchange. It employs 164000 people.
Foreign Associates
Specialization
Information Technology, Technology Hardware & Equipment
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS0378331005
CUSIP037833100
LocationCalifornia; U.S.A
Business AddressOne Apple Park
SectorTechnology Hardware, Storage & Peripherals
IndustryInformation Technology
BenchmarkNYSE Composite
Websitewww.apple.com
Phone408 996 1010
CurrencyUSD - US Dollar
You should never invest in Apple without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Apple Stock, because this is throwing your money away. Analyzing the key information contained in Apple's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Apple Key Financial Ratios

Generally speaking, Apple's financial ratios allow both analysts and investors to convert raw data from Apple's financial statements into concise, actionable information that can be used to evaluate the performance of Apple over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Apple Inc reports annually and quarterly.

Apple Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets323.9B351.0B352.8B352.6B405.5B425.7B
Other Current Liab42.7B47.5B60.8B58.8B67.7B71.0B
Net Debt74.4B89.8B96.4B81.1B93.3B98.0B
Retained Earnings15.0B5.6B(3.1B)(214M)(246.1M)(233.8M)
Cash38.0B34.9B23.6B30.0B34.5B36.2B
Net Receivables37.4B51.5B60.9B61.0B70.1B73.6B
Inventory4.1B6.6B4.9B6.3B7.3B7.6B
Other Current Assets11.3B14.1B21.2B14.7B16.9B17.7B
Total Liab258.5B287.9B302.1B290.4B334.0B350.7B
Total Current Assets143.7B134.8B135.4B143.6B165.1B173.4B
Cash And Equivalents38.0B34.9B23.6B30.0B34.5B36.2B
Short Term Debt13.8B15.6B21.1B15.8B18.2B19.1B
Accounts Payable42.3B54.8B64.1B62.6B72.0B75.6B
Common Stock50.8B57.4B64.8B73.8B84.9B89.1B
Other Assets34.0B38.8B54.4B54.1B62.2B65.3B
Long Term Debt98.7B109.1B99.0B95.3B109.6B67.6B
Other Liab50.5B46.1B43.1B49.1B56.5B59.3B
Net Tangible Assets90.5B65.3B63.1B50.7B58.3B95.6B

Apple Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Apple's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense2.9B2.6B2.9B3.9B4.5B4.7B
Total Revenue274.5B365.8B394.3B383.3B440.8B462.8B
Gross Profit105.0B152.8B170.8B169.1B194.5B204.2B
Operating Income66.3B108.9B119.4B114.3B131.4B138.0B
Ebit66.3B108.9B119.4B114.3B131.4B138.0B
Ebitda77.3B120.2B130.5B125.8B144.7B151.9B
Cost Of Revenue169.6B213.0B223.5B214.1B246.3B258.6B
Income Before Tax67.1B109.2B119.1B113.7B130.8B137.3B
Net Income57.4B94.7B99.8B97.0B111.5B117.1B
Income Tax Expense9.7B14.5B19.3B16.7B19.3B20.2B
Research Development18.8B21.9B26.3B29.9B34.4B36.1B
Tax Provision9.7B14.5B19.3B16.7B15.1B12.0B
Net Interest Income890M198M(106M)(183M)(164.7M)(156.5M)
Interest Income3.8B2.8B106M183M164.7M156.5M

Apple Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Apple Inc. It measures of how well Apple is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Apple brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Apple had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Apple has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change To Inventory(127M)(2.6B)1.5B(1.6B)(1.5B)(1.4B)
Change In Cash(10.4B)(3.9B)(11.0B)5.8B6.6B7.0B
Free Cash Flow73.4B93.0B111.4B99.6B114.5B120.2B
Depreciation11.1B11.3B11.1B11.5B13.2B13.9B
Other Non Cash Items(97M)(147M)111M(7.4B)(6.7B)(6.3B)
Dividends Paid14.1B14.5B14.8B15.0B17.3B18.1B
Capital Expenditures7.3B11.1B10.7B11.0B12.6B13.2B
Net Income57.4B94.7B99.8B97.0B111.5B117.1B
End Period Cash Flow39.8B35.9B25.0B30.7B35.3B37.1B
Investments(4.3B)(14.5B)(9.6B)3.7B4.3B4.5B
Change Receivables8.5B(14.0B)(9.3B)(417M)(375.3M)(394.1M)
Change To Netincome5.1B6.5B3.0B10.0B9.0B9.5B
Net Borrowings(7.8B)2.5B12.7B(123M)(110.7M)(105.2M)

Apple Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Apple's current stock value. Our valuation model uses many indicators to compare Apple value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Apple competition to find correlations between indicators driving Apple's intrinsic value. More Info.
Apple Inc is number one stock in return on equity category among related companies. It is number one stock in return on asset category among related companies reporting about  0.14  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Apple Inc is roughly  7.28 . At this time, Apple's Return On Equity is quite stable compared to the past year.Comparative valuation analysis is a catch-all model that can be used if you cannot value Apple by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Apple's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Apple's earnings, one of the primary drivers of an investment's value.

Apple Inc Systematic Risk

Apple's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Apple volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Apple Inc correlated with the market. If Beta is less than 0 Apple generally moves in the opposite direction as compared to the market. If Apple Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Apple Inc is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Apple is generally in the same direction as the market. If Beta > 1 Apple moves generally in the same direction as, but more than the movement of the benchmark.

About Apple Financials

What exactly are Apple Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Apple's income statement, its balance sheet, and the statement of cash flows. Potential Apple investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Apple investors may use each financial statement separately, they are all related. The changes in Apple's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Apple's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Apple Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Apple is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Apple has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Apple's financials are consistent with your investment objective using the following steps:
  • Review Apple's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Apple's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Apple's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Apple's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

Apple Thematic Clasifications

Apple Inc is part of several thematic ideas from Corona Opportunity to Investor Favorites. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in Apple Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Apple's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Apple growth as a starting point in their analysis.

Price Earnings To Growth Ratio

161.51

At this time, Apple's Price Earnings To Growth Ratio is quite stable compared to the past year.

Apple April 20, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Apple help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Apple Inc. We use our internally-developed statistical techniques to arrive at the intrinsic value of Apple Inc based on widely used predictive technical indicators. In general, we focus on analyzing Apple Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Apple's daily price indicators and compare them against related drivers.
When determining whether Apple Inc is a strong investment it is important to analyze Apple's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Apple's future performance. For an informed investment choice regarding Apple Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apple 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 american community survey.
You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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When running Apple's price analysis, check to measure Apple'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 Apple is operating at the current time. Most of Apple's value examination focuses on studying past and present price action to predict the probability of Apple's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Apple's price. Additionally, you may evaluate how the addition of Apple to your portfolios can decrease your overall portfolio volatility.
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Is Apple'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 Apple. If investors know Apple 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 Apple 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
0.16
Dividend Share
0.95
Earnings Share
6.43
Revenue Per Share
24.648
Quarterly Revenue Growth
0.021
The market value of Apple Inc is measured differently than its book value, which is the value of Apple that is recorded on the company's balance sheet. Investors also form their own opinion of Apple's value that differs from its market value or its book value, called intrinsic value, which is Apple'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 Apple's market value can be influenced by many factors that don't directly affect Apple'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 Apple's value and its price as these two are different measures arrived at by different means. Investors typically determine if Apple is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Apple'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.