Adagene Other Current Liab vs Current Deferred Revenue Analysis
ADAG Stock | USD 2.69 0.10 3.58% |
Adagene financial indicator trend analysis is way more than just evaluating Adagene prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Adagene is a good investment. Please check the relationship between Adagene Other Current Liab and its Current Deferred Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adagene. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more detail on how to invest in Adagene Stock please use our How to Invest in Adagene guide.
Other Current Liab vs Current Deferred Revenue
Other Current Liab vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Adagene Other Current Liab account and Current Deferred Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between Adagene's Other Current Liab and Current Deferred Revenue is 0.71. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Adagene, assuming nothing else is changed. The correlation between historical values of Adagene's Other Current Liab and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Adagene are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Other Current Liab i.e., Adagene's Other Current Liab and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Other Current Liab
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Most indicators from Adagene's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Adagene 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 Adagene. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more detail on how to invest in Adagene Stock please use our How to Invest in Adagene guide.At this time, Adagene's Enterprise Value Multiple is most likely to increase significantly in the upcoming years.
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 1.9M | 2.5M | 1.2M | 1.6M | Interest Income | 76.2K | 377.5K | 4.3M | 4.5M |
Adagene fundamental ratios Correlations
Click cells to compare fundamentals
Adagene Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Adagene fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 105.9M | 84.3M | 189.5M | 152.4M | 115.7M | 128.7M | |
Short Long Term Debt Total | 2.6M | 8.0M | 7.5M | 28.0M | 22.3M | 12.9M | |
Other Current Liab | 4.4M | 8.6M | 16.5M | 22.5M | 19.7M | 14.5M | |
Total Current Liabilities | 7.2M | 16.1M | 29.8M | 55.1M | 31.5M | 27.5M | |
Total Stockholder Equity | (57.0M) | (89.4M) | 156.6M | 83.1M | 70.6M | 74.1M | |
Net Tangible Assets | (57.0M) | (89.4M) | 156.6M | 83.1M | 95.6M | 100.3M | |
Property Plant And Equipment Net | 1.9M | 2.1M | 3.5M | 3.0M | 2.2M | 2.8M | |
Current Deferred Revenue | 993.4K | 725.5K | 5.5M | 15.1M | 52.9K | 50.2K | |
Net Debt | (90.0M) | (67.2M) | (166.9M) | (115.8M) | (87.6M) | (92.0M) | |
Retained Earnings | (63.3M) | (105.7M) | (178.8M) | (258.8M) | (277.8M) | (263.9M) | |
Accounts Payable | 712.7K | 1.8M | 3.3M | 3.7M | 3.1M | 2.4M | |
Cash | 92.5M | 75.2M | 174.4M | 143.8M | 109.9M | 112.2M | |
Non Current Assets Total | 2.0M | 5.2M | 3.6M | 3.1M | 2.3M | 3.4M | |
Non Currrent Assets Other | (109.8K) | (4.1M) | 69.3K | 109.6K | 84.9K | 89.1K | |
Other Assets | 87.2K | 3.1M | 69.3K | 109.6K | 1.0 | 0.95 | |
Cash And Short Term Investments | 100.5M | 75.2M | 174.4M | 143.8M | 109.9M | 119.7M | |
Net Receivables | 2.1M | 132.4K | 7.5M | 619.4K | 222.0K | 210.9K | |
Common Stock Shares Outstanding | 44.2M | 35.1M | 40.0M | 43.3M | 43.8M | 44.1M | |
Liabilities And Stockholders Equity | 105.9M | 84.3M | 189.5M | 152.4M | 115.7M | 128.7M | |
Non Current Liabilities Total | 155.7M | 157.5M | 3.1M | 14.2M | 13.7M | 13.0M | |
Other Current Assets | 1.2M | 3.8M | 4.1M | 4.9M | 3.3M | 3.4M | |
Other Stockholder Equity | (147.6M) | (137.8M) | 335.5M | 342.7M | 350.1M | 367.6M | |
Total Liab | 162.9M | 173.7M | 33.0M | 69.3M | 45.2M | 77.3M | |
Net Invested Capital | (54.5M) | (81.4M) | 164.0M | 110.9M | 92.5M | 97.1M | |
Property Plant And Equipment Gross | 1.9M | 2.1M | 3.5M | 3.0M | 8.9M | 9.4M | |
Short Long Term Debt | 1.0M | 5.0M | 4.5M | 13.6M | 8.4M | 6.4M | |
Total Current Assets | 103.9M | 79.1M | 186.0M | 149.3M | 113.4M | 125.3M | |
Accumulated Other Comprehensive Income | (344.9K) | (351.0K) | (94.0K) | (849.3K) | (1.8M) | (1.7M) | |
Capital Stock | 1.5K | 1.9K | 5.6K | 5.5K | 5.5K | 4.0K | |
Net Working Capital | 96.7M | 63.0M | 156.1M | 94.2M | 82.0M | 97.8M | |
Short Term Debt | 1.0M | 5.0M | 4.5M | 13.8M | 8.6M | 6.5M | |
Common Stock | 1.5K | 1.9K | 5.6K | 5.5K | 5.5K | 4.0K | |
Property Plant Equipment | 1.9M | 2.1M | 3.5M | 3.0M | 3.4M | 2.9M |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adagene. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more detail on how to invest in Adagene Stock please use our How to Invest in Adagene guide.Note that the Adagene information on this page should be used as a complementary analysis to other Adagene's 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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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Is Adagene'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 Adagene. If investors know Adagene 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 Adagene listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.44) | Revenue Per Share 0.414 | Quarterly Revenue Growth (0.85) | Return On Assets (0.11) | Return On Equity (0.25) |
The market value of Adagene is measured differently than its book value, which is the value of Adagene that is recorded on the company's balance sheet. Investors also form their own opinion of Adagene's value that differs from its market value or its book value, called intrinsic value, which is Adagene'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 Adagene's market value can be influenced by many factors that don't directly affect Adagene'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 Adagene's value and its price as these two are different measures arrived at by different means. Investors typically determine if Adagene is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Adagene'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.