Alkermes Current Deferred Revenue vs Other Assets Analysis

ALKS Stock

USD 24.68 0.24 0.98%

Alkermes Plc financial indicator trend analysis is way more than just evaluating Alkermes Plc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alkermes Plc is a good investment. Please check the relationship between Alkermes Plc Current Deferred Revenue and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alkermes Plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy Alkermes Stock please use our How to Invest in Alkermes Plc guide.

Current Deferred Revenue vs Other Assets

Current Deferred Revenue vs Other Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alkermes Plc Current Deferred Revenue account and Other Assets. At this time, the significance of the direction appears to have weak relationship.

The correlation between Alkermes Plc's Current Deferred Revenue and Other Assets is 0.3. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Other Assets in the same time period over historical financial statements of Alkermes Plc, assuming nothing else is changed. The correlation between historical values of Alkermes Plc's Current Deferred Revenue 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 Current Deferred Revenue of Alkermes Plc 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 Current Deferred Revenue i.e., Alkermes Plc's Current Deferred Revenue and Other Assets go up and down completely randomly.

Correlation Coefficient

0.3

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

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.

Other Assets

Most indicators from Alkermes Plc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alkermes Plc 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 Alkermes Plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy Alkermes Stock please use our How to Invest in Alkermes Plc guide.At this time, Alkermes Plc's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 9.80 in 2024, despite the fact that Tax Provision is likely to grow to (92.8 M).

	2021	2022	2023	2024 (projected)
Total Operating Expenses	599.1M	1.0B	960.6M	1.0B
Cost Of Revenue	603.9M	218.1M	288.7M	226.3M

Total Operating Expenses Cost Of Revenue

Alkermes Plc fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Current Liab	Net Receivables	Common Stock Total Equity	Short Term Investments	Common Stock	Current Deferred Revenue
Total Assets		0.55	0.73	0.92	0.66	-0.28	-0.74	0.79	0.79	0.46	0.1	0.84	0.85	0.64	0.43	0.79	0.88	0.65	0.88	-0.06	0.69	0.82	0.88	0.66	0.89	-0.33
Short Long Term Debt Total	0.55		-0.05	0.63	0.72	0.6	-0.08	0.06	0.04	0.96	-0.24	0.28	0.67	0.87	-0.4	0.17	0.33	0.18	0.11	0.24	-0.09	0.07	0.65	0.19	0.68	-0.29
Total Current Liabilities	0.73	-0.05		0.47	0.35	-0.75	-0.95	0.84	0.89	-0.14	0.42	0.65	0.52	0.24	0.76	0.84	0.91	0.81	0.91	-0.3	0.99	0.96	0.61	0.49	0.59	0.12
Total Stockholder Equity	0.92	0.63	0.47		0.61	-0.07	-0.49	0.67	0.6	0.57	-0.17	0.82	0.83	0.56	0.23	0.64	0.63	0.37	0.74	0.05	0.4	0.6	0.83	0.72	0.85	-0.58
Property Plant And Equipment Net	0.66	0.72	0.35	0.61		0.25	-0.59	0.33	0.19	0.77	-0.14	0.38	0.86	0.82	-0.19	0.54	0.58	0.47	0.39	0.0	0.33	0.46	0.81	0.41	0.87	0.07
Net Debt	-0.28	0.6	-0.75	-0.07	0.25		0.59	-0.64	-0.76	0.66	-0.46	-0.45	-0.03	0.31	-0.9	-0.48	-0.48	-0.47	-0.68	0.28	-0.77	-0.69	-0.12	-0.32	-0.06	-0.07
Retained Earnings	-0.74	-0.08	-0.95	-0.49	-0.59	0.59		-0.77	-0.75	-0.05	-0.31	-0.6	-0.66	-0.39	-0.55	-0.87	-0.89	-0.83	-0.85	0.3	-0.95	-0.94	-0.71	-0.51	-0.71	-0.2
Accounts Payable	0.79	0.06	0.84	0.67	0.33	-0.64	-0.77		0.85	0.0	0.27	0.7	0.57	0.19	0.76	0.82	0.78	0.53	0.89	-0.29	0.8	0.88	0.64	0.55	0.62	-0.24
Cash	0.79	0.04	0.89	0.6	0.19	-0.76	-0.75	0.85		-0.09	0.43	0.77	0.49	0.26	0.83	0.72	0.87	0.72	0.93	-0.15	0.88	0.91	0.58	0.49	0.54	-0.18
Non Current Assets Total	0.46	0.96	-0.14	0.57	0.77	0.66	-0.05	0.0	-0.09		-0.22	0.19	0.68	0.85	-0.48	0.1	0.23	0.07	0.0	0.28	-0.17	0.01	0.63	0.15	0.66	-0.29
Non Currrent Assets Other	0.1	-0.24	0.42	-0.17	-0.14	-0.46	-0.31	0.27	0.43	-0.22		-0.07	-0.1	0.05	0.62	0.14	0.41	0.23	0.17	-0.13	0.47	0.38	-0.01	-0.15	-0.06	0.23
Cash And Short Term Investments	0.84	0.28	0.65	0.82	0.38	-0.45	-0.6	0.7	0.77	0.19	-0.07		0.69	0.34	0.47	0.55	0.68	0.54	0.86	0.25	0.6	0.7	0.71	0.75	0.7	-0.38
Common Stock Shares Outstanding	0.85	0.67	0.52	0.83	0.86	-0.03	-0.66	0.57	0.49	0.68	-0.1	0.69		0.76	0.09	0.64	0.69	0.52	0.65	0.06	0.48	0.64	0.98	0.63	0.99	-0.28
Non Current Liabilities Total	0.64	0.87	0.24	0.56	0.82	0.31	-0.39	0.19	0.26	0.85	0.05	0.34	0.76		-0.18	0.34	0.6	0.51	0.29	0.13	0.24	0.33	0.76	0.22	0.77	0.0
Other Current Assets	0.43	-0.4	0.76	0.23	-0.19	-0.9	-0.55	0.76	0.83	-0.48	0.62	0.47	0.09	-0.18		0.52	0.57	0.38	0.71	-0.27	0.76	0.72	0.21	0.36	0.14	-0.06
Other Stockholder Equity	0.79	0.17	0.84	0.64	0.54	-0.48	-0.87	0.82	0.72	0.1	0.14	0.55	0.64	0.34	0.52		0.81	0.67	0.86	-0.6	0.81	0.85	0.7	0.62	0.71	-0.01
Total Liab	0.88	0.33	0.91	0.63	0.58	-0.48	-0.89	0.78	0.87	0.23	0.41	0.68	0.69	0.6	0.57	0.81		0.86	0.86	-0.17	0.9	0.92	0.76	0.45	0.75	0.04
Property Plant And Equipment Gross	0.65	0.18	0.81	0.37	0.47	-0.47	-0.83	0.53	0.72	0.07	0.23	0.54	0.52	0.51	0.38	0.67	0.86		0.72	-0.17	0.83	0.77	0.57	0.25	0.58	0.26
Total Current Assets	0.88	0.11	0.91	0.74	0.39	-0.68	-0.85	0.89	0.93	0.0	0.17	0.86	0.65	0.29	0.71	0.86	0.86	0.72		-0.23	0.88	0.92	0.72	0.72	0.7	-0.18
Short Term Debt	-0.06	0.24	-0.3	0.05	0.0	0.28	0.3	-0.29	-0.15	0.28	-0.13	0.25	0.06	0.13	-0.27	-0.6	-0.17	-0.17	-0.23		-0.31	-0.25	-0.01	-0.13	-0.02	-0.25
Other Current Liab	0.69	-0.09	0.99	0.4	0.33	-0.77	-0.95	0.8	0.88	-0.17	0.47	0.6	0.48	0.24	0.76	0.81	0.9	0.83	0.88	-0.31		0.96	0.57	0.44	0.55	0.18
Net Receivables	0.82	0.07	0.96	0.6	0.46	-0.69	-0.94	0.88	0.91	0.01	0.38	0.7	0.64	0.33	0.72	0.85	0.92	0.77	0.92	-0.25	0.96		0.7	0.51	0.69	-0.02
Common Stock Total Equity	0.88	0.65	0.61	0.83	0.81	-0.12	-0.71	0.64	0.58	0.63	-0.01	0.71	0.98	0.76	0.21	0.7	0.76	0.57	0.72	-0.01	0.57	0.7		0.64	0.99	-0.24
Short Term Investments	0.66	0.19	0.49	0.72	0.41	-0.32	-0.51	0.55	0.49	0.15	-0.15	0.75	0.63	0.22	0.36	0.62	0.45	0.25	0.72	-0.13	0.44	0.51	0.64		0.64	-0.22
Common Stock	0.89	0.68	0.59	0.85	0.87	-0.06	-0.71	0.62	0.54	0.66	-0.06	0.7	0.99	0.77	0.14	0.71	0.75	0.58	0.7	-0.02	0.55	0.69	0.99	0.64		-0.24
Current Deferred Revenue	-0.33	-0.29	0.12	-0.58	0.07	-0.07	-0.2	-0.24	-0.18	-0.29	0.23	-0.38	-0.28	0.0	-0.06	-0.01	0.04	0.26	-0.18	-0.25	0.18	-0.02	-0.24	-0.22	-0.24

Click cells to compare fundamentals

Alkermes Plc Account Relationship Matchups

Alkermes Plc fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.8B	1.9B	2.0B	2.0B	2.1B	2.2B
Short Long Term Debt Total	277.1M	275.0M	295.8M	293.3M	290.7M	214.8M
Total Current Liabilities	391.1M	438.3M	471.3M	497.7M	515.7M	541.5M
Total Stockholder Equity	1.1B	1.1B	1.1B	1.0B	1.2B	1.3B
Property Plant And Equipment Net	362.2M	350.0M	341.1M	325.4M	226.9M	162.1M
Net Debt	73.4M	2M	(41.7M)	797K	(166.7M)	(158.4M)
Retained Earnings	(1.4B)	(1.5B)	(1.5B)	(1.7B)	(1.3B)	(1.3B)
Accounts Payable	54.3M	46.0M	55.7M	32.8M	65.6M	68.9M
Cash	203.8M	273.0M	337.5M	292.5M	457.5M	480.3M
Non Current Assets Total	764.0M	814.0M	732.9M	702.1M	705.1M	424.9M
Non Currrent Assets Other	(17.6M)	148.9M	(86.3M)	(1.1M)	157.4M	165.2M
Cash And Short Term Investments	614.4M	659.8M	765.7M	740.1M	813.4M	854.0M
Common Stock Shares Outstanding	157.1M	158.8M	160.9M	163.5M	169.7M	107.2M
Liabilities And Stockholders Equity	1.8B	1.9B	2.0B	2.0B	2.1B	2.2B
Non Current Liabilities Total	328.8M	444.5M	440.6M	422.5M	417.9M	248.1M
Other Current Assets	59.7M	60.7M	49.0M	43.5M	98.2M	103.1M
Other Stockholder Equity	2.5B	2.6B	2.7B	2.8B	2.5B	2.7B
Total Liab	720.0M	882.7M	911.9M	920.2M	933.5M	980.2M
Property Plant And Equipment Gross	362.2M	481.7M	852.2M	874.9M	548.6M	576.0M
Total Current Assets	1.0B	1.1B	1.3B	1.3B	1.4B	1.5B
Accumulated Other Comprehensive Income	(1.8M)	(1.3M)	(3.7M)	(10.9M)	(3.1M)	(3.3M)
Other Current Liab	327.2M	381.9M	406.2M	455.1M	444.3M	466.5M
Net Receivables	265.5M	289.5M	326.6M	296.9M	333.2M	349.8M
Common Stock Total Equity	1.6M	1.6M	1.7M	1.7M	1.9M	1.2M
Short Term Investments	331.2M	362.1M	198.8M	316.0M	316.0M	251.8M
Common Stock	1.6M	1.6M	1.7M	1.7M	1.7M	1.2M
Current Deferred Revenue	6.8M	7.5M	6.3M	6.8M	2.7M	2.6M
Other Liab	49.2M	52.9M	147.8M	42.4M	48.7M	45.4M
Other Assets	140.1M	284.7M	224.9M	122.4M	1.0	0.95
Long Term Debt	274.3M	272.1M	292.8M	290.3M	287.7M	282.4M
Property Plant Equipment	362.2M	350.0M	341.1M	325.4M	374.2M	214.7M
Inventory	101.8M	125.7M	150.3M	181.4M	186.4M	195.7M
Net Tangible Assets	841.9M	862.9M	945.7M	913.2M	1.1B	791.1M
Retained Earnings Total Equity	(1.4B)	(1.5B)	(1.5B)	(1.7B)	(1.5B)	(1.6B)
Long Term Debt Total	274.3M	272.1M	292.8M	290.3M	261.2M	247.6M
Capital Surpluse	2.6B	2.7B	2.8B	2.9B	3.4B	2.5B

Alkermes Plc Investors Sentiment

The influence of Alkermes Plc's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Alkermes. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Alkermes Plc's public news can be used to forecast risks associated with an investment in Alkermes. The trend in average sentiment can be used to explain how an investor holding Alkermes can time the market purely based on public headlines and social activities around Alkermes Plc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Alkermes Plc's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Alkermes Plc's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Alkermes Plc's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Alkermes Plc.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Alkermes Plc in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Alkermes Plc's short interest history, or implied volatility extrapolated from Alkermes Plc options trading.

Pair Trading with Alkermes Plc

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

Moving together with Alkermes Stock

0.81	VTRS	Viatris Earnings Call Next Week	Pair Corr
0.83	EGRX	Eagle Pharmaceuticals	Pair Corr
0.8	ELAN	Elanco Animal Health Financial Report 14th of May 2024	Pair Corr

Moving against Alkermes Stock

0.8	ACB	Aurora Cannabis Financial Report 12th of June 2024	Pair Corr
0.72	CGC	Canopy Growth Corp Financial Report 27th of June 2024	Pair Corr
0.56	FLGC	Flora Growth Corp Financial Report 20th of May 2024	Pair Corr
0.44	HCM	HUTCHMED DRC	Pair Corr

The ability to find closely correlated positions to Alkermes Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alkermes Plc 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 Alkermes Plc - 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 Alkermes Plc to buy it.

The correlation of Alkermes Plc 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 Alkermes Plc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alkermes Plc 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 Alkermes Plc 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 Correlation Correlation Matching

When determining whether Alkermes Plc is a strong investment it is important to analyze Alkermes Plc'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 Alkermes Plc's future performance. For an informed investment choice regarding Alkermes Stock, refer to the following important reports:

How To Invest In Alkermes

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Is Alkermes Stock a good investment?

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What is Alkermes Plc's Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alkermes Plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy Alkermes Stock please use our How to Invest in Alkermes Plc guide.

You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Complementary Tools for Alkermes Stock analysis

When running Alkermes Plc's price analysis, check to measure Alkermes Plc'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 Alkermes Plc is operating at the current time. Most of Alkermes Plc's value examination focuses on studying past and present price action to predict the probability of Alkermes Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alkermes Plc's price. Additionally, you may evaluate how the addition of Alkermes Plc to your portfolios can decrease your overall portfolio volatility.

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Is Alkermes Plc'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 Alkermes Plc. If investors know Alkermes 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 Alkermes Plc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

3.06

Revenue Per Share

10.007

Quarterly Revenue Growth

0.239

Return On Assets

0.1281

Return On Equity

0.4622

The market value of Alkermes Plc is measured differently than its book value, which is the value of Alkermes that is recorded on the company's balance sheet. Investors also form their own opinion of Alkermes Plc's value that differs from its market value or its book value, called intrinsic value, which is Alkermes Plc'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 Alkermes Plc's market value can be influenced by many factors that don't directly affect Alkermes Plc'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 Alkermes Plc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alkermes Plc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alkermes Plc'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.

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Alkermes Current Deferred Revenue vs Other Assets Analysis

Current Deferred Revenue vs Other Assets

Current Deferred Revenue vs Other Assets Correlation Analysis

Correlation Coefficient

Current Deferred Revenue

Other Assets

Alkermes Plc fundamental ratios Correlations

Alkermes Plc Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Alkermes Plc fundamental ratios Accounts

Alkermes Plc Investors Sentiment

Pair Trading with Alkermes Plc

Moving together with Alkermes Stock

Moving against Alkermes Stock

Complementary Tools for Alkermes Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Current Liab	+ 0.99	Total Current Liabilities
Common Stock	+ 0.99	Common Stock Shares Outstanding
Common Stock	+ 0.99	Common Stock Total Equity
Common Stock Total Equity	+ 0.98	Common Stock Shares Outstanding
Non Current Assets Total	+ 0.96	Short Long Term Debt Total
Net Receivables	+ 0.96	Total Current Liabilities

Other Current Liab	- 0.95	Retained Earnings
Retained Earnings	- 0.95	Total Current Liabilities
Net Receivables	- 0.94	Retained Earnings
Other Current Assets	- 0.9	Net Debt
Total Liab	- 0.89	Retained Earnings
Other Stockholder Equity	- 0.87	Retained Earnings