Autodesk Quick Ratio vs Free Cash Flow per Share Analysis

ADSK Stock  USD 260.42  0.55  0.21%   
Autodesk financial indicator trend analysis is way more than just evaluating Autodesk prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Autodesk is a good investment. Please check the relationship between Autodesk Quick Ratio and its Free Cash Flow Per Share accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Autodesk. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
For more information on how to buy Autodesk Stock please use our How to buy in Autodesk Stock guide.

Quick Ratio vs Free Cash Flow Per Share

Quick Ratio vs Free Cash Flow per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Autodesk Quick Ratio account and Free Cash Flow per Share. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Autodesk's Quick Ratio and Free Cash Flow per Share is -0.47. Overlapping area represents the amount of variation of Quick Ratio that can explain the historical movement of Free Cash Flow per Share in the same time period over historical financial statements of Autodesk, assuming nothing else is changed. The correlation between historical values of Autodesk's Quick Ratio and Free Cash Flow per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Quick Ratio of Autodesk are associated (or correlated) with its Free Cash Flow per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow per Share has no effect on the direction of Quick Ratio i.e., Autodesk's Quick Ratio and Free Cash Flow per Share go up and down completely randomly.

Correlation Coefficient

-0.47
Relationship DirectionNegative 
Relationship StrengthVery Weak

Quick Ratio

A measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities.

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.
Most indicators from Autodesk's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Autodesk 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 Autodesk. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
For more information on how to buy Autodesk Stock please use our How to buy in Autodesk Stock guide.At this time, Autodesk's Tax Provision is quite stable compared to the past year. Enterprise Value Multiple is expected to rise to 45.62 this year, although the value of Selling General Administrative will most likely fall to about 398.5 M.
 2021 2022 2023 2024 (projected)
Gross Profit4.0B4.5B4.9B5.2B
Total Revenue4.4B5.0B5.5B5.8B

Autodesk fundamental ratios Correlations

0.770.780.950.280.710.55-0.570.820.980.90.710.970.50.92-0.210.92-0.40.940.790.880.280.510.860.950.89
0.770.680.86-0.270.780.81-0.840.520.810.60.350.760.220.9-0.480.66-0.310.890.780.530.540.60.620.690.61
0.780.680.810.050.530.54-0.60.590.750.670.610.740.490.75-0.30.69-0.40.790.580.710.480.520.560.760.62
0.950.860.81-0.030.790.74-0.790.670.980.890.50.90.340.96-0.420.92-0.390.990.850.710.430.410.820.930.88
0.28-0.270.05-0.03-0.13-0.580.620.520.130.220.660.280.54-0.090.560.170.08-0.06-0.060.57-0.330.210.260.220.24
0.710.780.530.79-0.130.56-0.650.640.740.550.410.680.250.77-0.320.57-0.270.790.980.540.560.430.470.640.59
0.550.810.540.74-0.580.56-0.920.080.670.55-0.050.49-0.130.78-0.630.6-0.460.770.580.170.480.20.550.550.52
-0.57-0.84-0.6-0.790.62-0.65-0.92-0.22-0.68-0.56-0.01-0.540.01-0.810.64-0.610.33-0.81-0.66-0.23-0.46-0.24-0.47-0.59-0.52
0.820.520.590.670.520.640.08-0.220.70.610.910.840.730.660.150.61-0.250.670.680.940.220.570.530.730.6
0.980.810.750.980.130.740.67-0.680.70.910.540.930.360.95-0.330.94-0.40.970.810.750.30.430.890.940.93
0.90.60.670.890.220.550.55-0.560.610.910.490.830.310.8-0.320.99-0.320.850.680.70.140.180.870.950.93
0.710.350.610.50.660.41-0.05-0.010.910.540.490.750.790.510.260.47-0.280.510.460.960.180.620.410.620.43
0.970.760.740.90.280.680.49-0.540.840.930.830.750.560.91-0.240.85-0.330.910.750.90.240.560.780.930.81
0.50.220.490.340.540.25-0.130.010.730.360.310.790.560.320.260.320.120.340.280.750.10.650.220.370.2
0.920.90.750.96-0.090.770.78-0.810.660.950.80.510.910.32-0.40.84-0.490.990.810.710.380.490.760.880.8
-0.21-0.48-0.3-0.420.56-0.32-0.630.640.15-0.33-0.320.26-0.240.26-0.4-0.33-0.08-0.41-0.330.09-0.280.03-0.26-0.33-0.32
0.920.660.690.920.170.570.6-0.610.610.940.990.470.850.320.84-0.33-0.310.890.690.690.170.230.910.950.94
-0.4-0.31-0.4-0.390.08-0.27-0.460.33-0.25-0.4-0.32-0.28-0.330.12-0.49-0.08-0.31-0.45-0.29-0.33-0.17-0.1-0.28-0.39-0.34
0.940.890.790.99-0.060.790.77-0.810.670.970.850.510.910.340.99-0.410.89-0.450.840.720.410.460.80.920.85
0.790.780.580.85-0.060.980.58-0.660.680.810.680.460.750.280.81-0.330.69-0.290.840.610.520.380.570.740.7
0.880.530.710.710.570.540.17-0.230.940.750.70.960.90.750.710.090.69-0.330.720.610.20.610.620.810.65
0.280.540.480.43-0.330.560.48-0.460.220.30.140.180.240.10.38-0.280.17-0.170.410.520.20.160.210.240.11
0.510.60.520.410.210.430.2-0.240.570.430.180.620.560.650.490.030.23-0.10.460.380.610.160.20.30.19
0.860.620.560.820.260.470.55-0.470.530.890.870.410.780.220.76-0.260.91-0.280.80.570.620.210.20.850.92
0.950.690.760.930.220.640.55-0.590.730.940.950.620.930.370.88-0.330.95-0.390.920.740.810.240.30.850.92
0.890.610.620.880.240.590.52-0.520.60.930.930.430.810.20.8-0.320.94-0.340.850.70.650.110.190.920.92
Click cells to compare fundamentals

Autodesk Account Relationship Matchups

Autodesk fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.2B7.3B8.6B9.4B9.9B10.4B
Short Long Term Debt Total2.5B2.1B3.1B2.7B2.6B1.5B
Other Current Liab461.6M559.9M589M610M684M718.2M
Total Current Liabilities3.2B3.3B4.0B4B4.4B4.6B
Total Stockholder Equity(139.1M)965.5M849.1M1.1B1.9B1.9B
Property Plant And Equipment Net600.5M609.5M467M389M345M362.3M
Net Debt769.9M332.4M1.5B719M734M770.7M
Retained Earnings(2.3B)(1.5B)(2.0B)(2.0B)(1.7B)(1.6B)
Cash1.8B1.8B1.5B1.9B1.9B2.0B
Non Current Assets Total3.5B4.6B5.8B6.1B6.3B6.6B
Non Currrent Assets Other347.2M412.9M492.3M560M1.0B1.1B
Cash And Short Term Investments1.8B1.9B1.8B2.1B2.2B2.4B
Net Receivables652.3M643.1M716.1M961M876M919.8M
Common Stock Shares Outstanding218.9M222.5M222M218M216M245.0M
Liabilities And Stockholders Equity6.2B7.3B8.6B9.4B9.9B10.4B
Non Current Liabilities Total3.1B3.1B3.7B4.3B3.7B3.9B
Other Current Assets163.3M198.9M283.6M308M457M479.9M
Other Stockholder Equity138.9M(125.9M)(124M)(185M)(166.5M)(158.2M)
Total Liab6.3B6.3B7.8B8.3B8.1B8.5B
Property Plant And Equipment Gross600.5M609.5M467M389M447.4M469.7M
Total Current Assets2.7B2.7B2.8B3.3B3.6B3.8B
Accumulated Other Comprehensive Income(160.3M)(125.9M)(124M)(185M)(234M)(222.3M)
Short Term Debt497.8M71.4M436.3M85M67M109.9M
Accounts Payable83.7M122.5M120.8M102M100M68.7M
Intangible Assets70.9M88.6M493.8M407M468.1M491.5M
Other Liab1.1B1.0B1.1B1.7B2.0B2.1B
Other Assets267.4M1.1B1.2B1.6B1.8B1.9B
Good Will2.4B2.7B3.6B3.6B3.7B3.8B
Common Stock Total Equity2.3B2.6B2.9B3.3B3.8B4.0B
Short Term Investments69M85M235.7M125M354M254.9M
Common Stock2.3B2.6B2.9B3.3B3.8B4.0B
Property Plant Equipment161.7M609.5M467M144M165.6M156.2M
Current Deferred Revenue2.2B2.5B2.9B3.2B3.5B3.7B
Net Tangible Assets(1.8B)(1.9B)(3.2B)(1.2B)(1.1B)(1.0B)
Long Term Debt1.6B1.6B2.3B2.3B2.6B2.8B
Retained Earnings Total Equity(2.3B)(1.5B)(2.0B)(2.0B)(1.8B)(1.7B)
Deferred Long Term Liab82.5M11.4M29.4M32M28.8M27.4M
Non Current Liabilities Other550.6M139.8M148.9M139M125.1M185.4M

Pair Trading with Autodesk

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

Moving against Autodesk Stock

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The ability to find closely correlated positions to Autodesk could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Autodesk 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 Autodesk - 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 Autodesk to buy it.
The correlation of Autodesk 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 Autodesk moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Autodesk 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 Autodesk 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 Autodesk 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 Autodesk 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 Autodesk Stock. Highlighted below are key reports to facilitate an investment decision about Autodesk Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Autodesk. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
For more information on how to buy Autodesk Stock please use our How to buy in Autodesk Stock guide.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

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Is Autodesk'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 Autodesk. If investors know Autodesk 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 Autodesk 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
(0.03)
Earnings Share
4.19
Revenue Per Share
25.687
Quarterly Revenue Growth
0.115
Return On Assets
0.0729
The market value of Autodesk is measured differently than its book value, which is the value of Autodesk that is recorded on the company's balance sheet. Investors also form their own opinion of Autodesk's value that differs from its market value or its book value, called intrinsic value, which is Autodesk'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 Autodesk's market value can be influenced by many factors that don't directly affect Autodesk'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 Autodesk's value and its price as these two are different measures arrived at by different means. Investors typically determine if Autodesk is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Autodesk'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.