Abbott Free Cash Flow vs Inventory Turnover Analysis

ABT Stock  USD 113.48  1.98  1.78%   
Abbott Laboratories financial indicator trend analysis is way more than just evaluating Abbott Laboratories prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Abbott Laboratories is a good investment. Please check the relationship between Abbott Laboratories Free Cash Flow and its Inventory Turnover accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Abbott Laboratories. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
For more information on how to buy Abbott Stock please use our How to Invest in Abbott Laboratories guide.

Free Cash Flow vs Inventory Turnover

Free Cash Flow vs Inventory Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Abbott Laboratories Free Cash Flow account and Inventory Turnover. At this time, the significance of the direction appears to have very week relationship.
The correlation between Abbott Laboratories' Free Cash Flow and Inventory Turnover is 0.23. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of Abbott Laboratories, assuming nothing else is changed. The correlation between historical values of Abbott Laboratories' Free Cash Flow and Inventory Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Abbott Laboratories are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Free Cash Flow i.e., Abbott Laboratories' Free Cash Flow and Inventory Turnover go up and down completely randomly.

Correlation Coefficient

0.23
Relationship DirectionPositive 
Relationship StrengthVery Weak

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.
Most indicators from Abbott Laboratories' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Abbott Laboratories 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Abbott Laboratories. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
For more information on how to buy Abbott Stock please use our How to Invest in Abbott Laboratories guide.Enterprise Value Multiple is likely to gain to 21.68 in 2024, whereas Selling General Administrative is likely to drop slightly above 6.2 B in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit24.5B24.5B20.0B12.5B
Total Revenue43.1B43.7B40.1B22.2B

Abbott Laboratories fundamental ratios Correlations

0.870.690.770.750.920.770.610.490.820.230.450.840.310.890.610.15-0.050.970.410.74-0.180.63-0.30.67-0.06
0.870.450.440.530.650.790.40.680.710.180.60.60.220.990.37-0.030.00.950.180.68-0.360.42-0.290.51-0.16
0.690.450.90.780.80.410.690.240.690.080.290.9-0.120.470.760.47-0.420.670.650.670.190.67-0.070.550.17
0.770.440.90.680.860.370.620.270.580.130.320.930.040.460.620.57-0.370.690.510.730.340.53-0.160.440.18
0.750.530.780.680.840.550.930.20.920.190.170.68-0.050.540.940.10.10.650.820.49-0.060.89-0.360.94-0.06
0.920.650.80.860.840.610.750.330.810.210.310.860.220.670.780.22-0.080.820.620.69-0.060.74-0.240.74-0.03
0.770.790.410.370.550.610.290.090.820.350.030.520.420.850.4-0.17-0.010.810.130.26-0.430.49-0.140.61-0.2
0.610.40.690.620.930.750.290.310.760.10.270.56-0.270.370.910.130.160.50.850.50.10.8-0.420.86-0.09
0.490.680.240.270.20.330.090.310.17-0.120.950.35-0.140.590.130.160.00.570.130.79-0.080.1-0.310.11-0.02
0.820.710.690.580.920.810.820.760.170.290.080.660.160.740.83-0.090.050.790.640.39-0.280.86-0.270.93-0.25
0.230.180.080.130.190.210.350.1-0.120.29-0.170.130.240.210.17-0.150.070.210.03-0.05-0.080.240.10.26-0.16
0.450.60.290.320.170.310.030.270.950.08-0.170.38-0.220.520.070.37-0.010.520.060.870.06-0.01-0.320.00.3
0.840.60.90.930.680.860.520.560.350.660.130.380.210.630.640.4-0.320.810.510.760.080.61-0.020.480.14
0.310.22-0.120.04-0.050.220.42-0.27-0.140.160.24-0.220.210.3-0.02-0.470.150.26-0.06-0.11-0.630.230.420.09-0.31
0.890.990.470.460.540.670.850.370.590.740.210.520.630.30.38-0.05-0.010.960.170.64-0.410.46-0.230.53-0.16
0.610.370.760.620.940.780.40.910.130.830.170.070.64-0.020.380.00.110.510.920.39-0.110.95-0.120.9-0.15
0.15-0.030.470.570.10.22-0.170.130.16-0.09-0.150.370.4-0.47-0.050.0-0.420.14-0.030.560.8-0.21-0.31-0.220.67
-0.050.0-0.42-0.370.1-0.08-0.010.160.00.050.07-0.01-0.320.15-0.010.11-0.42-0.130.1-0.18-0.330.15-0.110.28-0.05
0.970.950.670.690.650.820.810.50.570.790.210.520.810.260.960.510.14-0.130.30.75-0.230.54-0.240.58-0.07
0.410.180.650.510.820.620.130.850.130.640.030.060.51-0.060.170.92-0.030.10.30.3-0.070.87-0.040.78-0.18
0.740.680.670.730.490.690.260.50.790.39-0.050.870.76-0.110.640.390.56-0.180.750.30.170.28-0.310.250.34
-0.18-0.360.190.34-0.06-0.06-0.430.1-0.08-0.28-0.080.060.08-0.63-0.41-0.110.8-0.33-0.23-0.070.17-0.34-0.3-0.30.44
0.630.420.670.530.890.740.490.80.10.860.24-0.010.610.230.460.95-0.210.150.540.870.28-0.34-0.020.92-0.32
-0.3-0.29-0.07-0.16-0.36-0.24-0.14-0.42-0.31-0.270.1-0.32-0.020.42-0.23-0.12-0.31-0.11-0.24-0.04-0.31-0.3-0.02-0.32-0.07
0.670.510.550.440.940.740.610.860.110.930.260.00.480.090.530.9-0.220.280.580.780.25-0.30.92-0.32-0.33
-0.06-0.160.170.18-0.06-0.03-0.2-0.09-0.02-0.25-0.160.30.14-0.31-0.16-0.150.67-0.05-0.07-0.180.340.44-0.32-0.07-0.33
Click cells to compare fundamentals

Abbott Laboratories Account Relationship Matchups

Abbott Laboratories fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets67.9B72.5B75.2B74.4B73.2B36.9B
Short Long Term Debt Total18.9B19.6B19.0B17.7B15.9B9.8B
Other Current Liab6.1B7.7B7.9B8.6B7.7B8.1B
Total Current Liabilities10.9B11.9B13.1B15.5B13.8B8.3B
Total Stockholder Equity31.1B32.8B35.8B36.7B38.6B40.5B
Property Plant And Equipment Net8.0B9.0B9.0B9.2B11.3B6.2B
Net Debt15.0B12.8B9.2B7.8B9.0B6.1B
Retained Earnings25.8B27.6B31.5B35.3B37.6B39.4B
Cash3.9B6.8B9.8B9.9B6.9B3.7B
Non Current Assets Total52.2B52.1B51.0B49.2B50.5B53.1B
Non Currrent Assets Other52.2B3.7B5.2B6.0B6.0B3.1B
Cash And Short Term Investments4.1B7.1B10.2B10.2B7.3B4.3B
Net Receivables5.4B6.4B6.5B8.9B6.6B3.9B
Common Stock Shares Outstanding1.7B1.8B1.8B1.8B1.8B1.3B
Liabilities And Stockholders Equity67.9B72.5B75.2B74.4B73.2B36.9B
Non Current Liabilities Total25.7B27.6B26.1B22.0B20.5B11.7B
Inventory4.3B5.0B5.2B6.2B6.6B6.9B
Other Current Assets1.8B1.9B2.3B2.7B2.3B2.2B
Other Stockholder Equity(10.1B)(10.0B)(11.8B)(15.2B)(16.0B)(16.8B)
Total Liab36.6B39.5B39.2B37.5B34.4B20.0B
Property Plant And Equipment Gross8.0B9.0B19.4B20.2B21.9B23.0B
Total Current Assets15.7B20.4B24.2B25.2B22.7B13.3B
Accumulated Other Comprehensive Income(8.5B)(8.9B)(8.4B)(8.1B)(7.8B)(7.4B)
Short Term Debt207M1.5B220M754M2.3B2.0B
Accounts Payable3.3B3.9B4.4B4.6B4.3B4.5B
Common Stock Total Equity23.9B24.1B24.5B24.7B28.4B29.8B
Short Term Investments280M310M450M288M383M757.2M
Common Stock23.9B24.1B24.5B24.7B24.9B23.6B
Intangible Assets17.0B14.8B12.7B10.5B8.8B9.1B
Other Liab8.3B8.2B7.8B6.6B7.6B5.7B
Other Assets2.4B2.8B4.1B4.9B5.7B5.9B
Long Term Debt16.7B18.5B17.3B14.5B13.6B12.0B
Treasury Stock(10.0B)(10.1B)(10.0B)(11.8B)(10.6B)(10.1B)
Property Plant Equipment8.0B9.0B9.0B9.2B10.5B7.7B
Good Will23.2B23.7B23.2B22.8B23.7B15.5B
Net Tangible Assets(70M)3.4B(2.2B)11.0B9.9B10.4B
Noncontrolling Interest In Consolidated Entity198M213M219M222M251.9M163.8M
Retained Earnings Total Equity25.8B27.6B31.5B35.3B40.5B27.2B
Long Term Debt Total16.7B18.5B17.3B14.5B16.7B15.8B

Pair Trading with Abbott Laboratories

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 Abbott Laboratories 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 Abbott Laboratories will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Abbott Laboratories could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Abbott Laboratories 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 Abbott Laboratories - 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 Abbott Laboratories to buy it.
The correlation of Abbott Laboratories 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 Abbott Laboratories moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Abbott Laboratories 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 Abbott Laboratories 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 CorrelationCorrelation Matching
When determining whether Abbott Laboratories is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Abbott Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Abbott Laboratories Stock. Highlighted below are key reports to facilitate an investment decision about Abbott Laboratories Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Abbott Laboratories. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
For more information on how to buy Abbott Stock please use our How to Invest in Abbott Laboratories guide.
Note that the Abbott Laboratories information on this page should be used as a complementary analysis to other Abbott Laboratories' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.

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When running Abbott Laboratories' price analysis, check to measure Abbott Laboratories' 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 Abbott Laboratories is operating at the current time. Most of Abbott Laboratories' value examination focuses on studying past and present price action to predict the probability of Abbott Laboratories' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abbott Laboratories' price. Additionally, you may evaluate how the addition of Abbott Laboratories to your portfolios can decrease your overall portfolio volatility.
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Is Abbott Laboratories' 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 Abbott Laboratories. If investors know Abbott 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 Abbott Laboratories 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
0.55
Dividend Share
2.08
Earnings Share
3.26
Revenue Per Share
23.051
Quarterly Revenue Growth
0.015
The market value of Abbott Laboratories is measured differently than its book value, which is the value of Abbott that is recorded on the company's balance sheet. Investors also form their own opinion of Abbott Laboratories' value that differs from its market value or its book value, called intrinsic value, which is Abbott Laboratories' 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 Abbott Laboratories' market value can be influenced by many factors that don't directly affect Abbott Laboratories' 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 Abbott Laboratories' value and its price as these two are different measures arrived at by different means. Investors typically determine if Abbott Laboratories is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Abbott Laboratories' 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.