Adobe Accounts Payable vs Other Assets Analysis
ADBE Stock | USD 477.56 4.12 0.87% |
Adobe Systems financial indicator trend analysis is way more than just evaluating Adobe Systems rporated prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Adobe Systems rporated is a good investment. Please check the relationship between Adobe Systems Accounts Payable and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adobe Systems Incorporated. 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.
Accounts Payable vs Other Assets
Accounts Payable vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Adobe Systems rporated Accounts Payable account and Other Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Adobe Systems' Accounts Payable and Other Assets is 0.94. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Assets in the same time period over historical financial statements of Adobe Systems Incorporated, assuming nothing else is changed. The correlation between historical values of Adobe Systems' Accounts Payable and Other 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 Accounts Payable of Adobe Systems Incorporated are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Accounts Payable i.e., Adobe Systems' Accounts Payable and Other Assets go up and down completely randomly.
Correlation Coefficient | 0.94 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Accounts Payable
An accounting item on the balance sheet that represents Adobe Systems obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Adobe Systems rporated are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Other Assets
Most indicators from Adobe Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Adobe Systems rporated 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 Adobe Systems Incorporated. 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. At present, Adobe Systems' Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.10, whereas Issuance Of Capital Stock is forecasted to decline to about 289.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 15.4B | 17.1B | 19.6B | 20.6B | Total Revenue | 17.6B | 19.4B | 22.3B | 23.4B |
Adobe Systems fundamental ratios Correlations
Click cells to compare fundamentals
Adobe Systems Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Adobe Systems fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 24.3B | 27.2B | 27.2B | 29.8B | 34.2B | 36.0B | |
Other Current Liab | 1.5B | 1.8B | 1.9B | 2.0B | 2.3B | 2.4B | |
Total Current Liabilities | 5.5B | 6.9B | 8.1B | 8.3B | 9.5B | 10.0B | |
Total Stockholder Equity | 13.3B | 14.8B | 14.1B | 16.5B | 19.0B | 19.9B | |
Property Plant And Equipment Net | 2.0B | 2.1B | 2.3B | 2.4B | 2.7B | 2.9B | |
Net Debt | 230M | 829M | 397M | (3.1B) | (3.5B) | (3.3B) | |
Retained Earnings | 19.6B | 23.9B | 28.3B | 33.3B | 38.3B | 40.3B | |
Cash | 4.5B | 3.8B | 4.2B | 7.1B | 8.2B | 8.6B | |
Non Current Assets Total | 16.1B | 18.6B | 18.2B | 18.7B | 21.5B | 22.6B | |
Non Currrent Assets Other | 663M | 848M | 841M | 1.2B | 1.4B | 1.5B | |
Cash And Short Term Investments | 6.0B | 5.8B | 6.1B | 7.8B | 9.0B | 9.5B | |
Net Receivables | 1.4B | 1.9B | 2.1B | 2.2B | 2.6B | 2.7B | |
Common Stock Shares Outstanding | 485M | 481M | 471M | 459M | 527.9M | 533.1M | |
Liabilities And Stockholders Equity | 24.3B | 27.2B | 27.2B | 29.8B | 34.2B | 36.0B | |
Non Current Liabilities Total | 5.5B | 5.5B | 5.0B | 5.0B | 5.8B | 6.0B | |
Other Current Assets | 756M | 975M | 835M | 1.0B | 1.2B | 1.2B | |
Other Stockholder Equity | (6.2B) | (9.0B) | (14.0B) | (16.5B) | (14.9B) | (14.1B) | |
Total Liab | 11.0B | 12.4B | 13.1B | 13.3B | 15.3B | 16.0B | |
Property Plant And Equipment Gross | 2.0B | 2.1B | 2.3B | 2.4B | 2.7B | 2.9B | |
Total Current Assets | 8.1B | 8.7B | 9.0B | 11.1B | 12.7B | 13.4B | |
Accumulated Other Comprehensive Income | (158M) | (137M) | (293M) | (285M) | (256.5M) | (243.7M) | |
Short Long Term Debt Total | 4.7B | 4.7B | 4.6B | 4.1B | 4.7B | 2.4B | |
Accounts Payable | 306M | 312M | 379M | 314M | 361.1M | 379.2M | |
Intangible Assets | 1.4B | 1.8B | 1.4B | 1.1B | 1.3B | 667.4M | |
Current Deferred Revenue | 3.6B | 4.7B | 5.3B | 5.8B | 6.7B | 7.0B | |
Short Term Investments | 1.5B | 2.0B | 1.9B | 701M | 806.2M | 1.5B | |
Short Term Debt | 92M | 97M | 587M | 73M | 84.0M | 79.8M | |
Treasury Stock | (10.6B) | (13.5B) | (17.4B) | (23.8B) | (21.5B) | (20.4B) | |
Property Plant Equipment | 1.3B | 1.5B | 2.1B | 1.9B | 2.2B | 2.3B | |
Other Assets | 562.7M | 2.0B | 1.9B | 1.6B | 1.9B | 2.0B | |
Good Will | 10.7B | 12.7B | 12.8B | 12.8B | 14.7B | 15.5B | |
Other Liab | 1.1B | 892M | 936M | 940M | 1.1B | 1.1B | |
Long Term Debt | 4.1B | 4.1B | 3.6B | 3.6B | 4.2B | 2.4B | |
Net Tangible Assets | (1.9B) | 1.2B | 256M | (185M) | (166.5M) | (158.2M) | |
Retained Earnings Total Equity | 14.8B | 19.6B | 23.9B | 28.3B | 32.6B | 34.2B | |
Long Term Debt Total | 988.9M | 4.1B | 4.1B | 3.6B | 4.2B | 2.4B | |
Capital Surpluse | 6.5B | 7.4B | 8.4B | 9.9B | 11.3B | 11.9B |
Pair Trading with Adobe Systems
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 Adobe Systems 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 Adobe Systems will appreciate offsetting losses from the drop in the long position's value.Moving together with Adobe Stock
0.86 | S | SentinelOne Financial Report 6th of June 2024 | PairCorr |
Moving against Adobe Stock
0.82 | NN | Nextnav Acquisition Corp Upward Rally | PairCorr |
0.8 | GB | Global Blue Group | PairCorr |
0.76 | VERI | Veritone Financial Report 7th of May 2024 | PairCorr |
0.75 | DTSS | Datasea Tech Boost | PairCorr |
0.53 | SQ | Block Inc Aggressive Push | PairCorr |
The ability to find closely correlated positions to Adobe Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adobe Systems 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 Adobe Systems - 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 Adobe Systems Incorporated to buy it.
The correlation of Adobe Systems 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 Adobe Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adobe Systems rporated 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 Adobe Systems 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adobe Systems Incorporated. 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. Note that the Adobe Systems rporated information on this page should be used as a complementary analysis to other Adobe Systems' 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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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When running Adobe Systems' price analysis, check to measure Adobe Systems' 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 Adobe Systems is operating at the current time. Most of Adobe Systems' value examination focuses on studying past and present price action to predict the probability of Adobe Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adobe Systems' price. Additionally, you may evaluate how the addition of Adobe Systems to your portfolios can decrease your overall portfolio volatility.
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Is Adobe Systems' 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 Adobe Systems. If investors know Adobe 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 Adobe Systems 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 (0.50) | Earnings Share 10.46 | Revenue Per Share 43.762 | Quarterly Revenue Growth 0.113 | Return On Assets 0.1572 |
The market value of Adobe Systems rporated is measured differently than its book value, which is the value of Adobe that is recorded on the company's balance sheet. Investors also form their own opinion of Adobe Systems' value that differs from its market value or its book value, called intrinsic value, which is Adobe Systems' 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 Adobe Systems' market value can be influenced by many factors that don't directly affect Adobe Systems' 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 Adobe Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Adobe Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Adobe Systems' 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.