Amphenol Accumulated Depreciation vs Other Current Liab Analysis

APH Stock  USD 120.49  1.48  1.24%   
Amphenol financial indicator trend analysis is way more than just evaluating Amphenol prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Amphenol is a good investment. Please check the relationship between Amphenol Accumulated Depreciation and its Other Current Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amphenol. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
For more detail on how to invest in Amphenol Stock please use our How to Invest in Amphenol guide.

Accumulated Depreciation vs Other Current Liab

Accumulated Depreciation vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Amphenol Accumulated Depreciation account and Other Current Liab. At this time, the significance of the direction appears to have pay attention.
The correlation between Amphenol's Accumulated Depreciation and Other Current Liab is -0.84. Overlapping area represents the amount of variation of Accumulated Depreciation that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Amphenol, assuming nothing else is changed. The correlation between historical values of Amphenol's Accumulated Depreciation and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accumulated Depreciation of Amphenol are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Accumulated Depreciation i.e., Amphenol's Accumulated Depreciation and Other Current Liab go up and down completely randomly.

Correlation Coefficient

-0.84
Relationship DirectionNegative 
Relationship StrengthSignificant

Accumulated Depreciation

Accumulated depreciation is the total amount of depreciation for Amphenol fixed asset that has been charged to Amphenol expense since that asset was acquired and made available for Amphenol use. The accumulated depreciation account is Amphenol asset account with a credit balance. It is also known as a contra asset account and appears on the balance sheet as a reduction from the gross amount of fixed assets reported by Amphenol.

Other Current Liab

Most indicators from Amphenol's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Amphenol 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 Amphenol. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
For more detail on how to invest in Amphenol Stock please use our How to Invest in Amphenol guide.As of now, Amphenol's Enterprise Value Multiple is increasing as compared to previous years. The Amphenol's current Enterprise Value is estimated to increase to about 16.3 B, while Tax Provision is projected to decrease to under 457.3 M.
 2021 2022 2023 2024 (projected)
Gross Profit3.4B4.0B4.1B4.3B
Total Revenue10.9B12.6B12.6B13.2B

Amphenol fundamental ratios Correlations

0.970.970.960.990.990.930.970.731.00.660.711.00.360.950.990.970.980.990.90.990.160.160.990.920.9
0.970.910.920.910.970.950.890.780.960.560.750.970.40.980.930.920.910.990.80.960.150.080.970.950.78
0.970.910.940.960.980.920.920.620.980.780.580.960.20.910.960.970.980.950.90.930.160.150.960.920.93
0.960.920.940.950.970.90.930.660.960.630.650.960.330.860.950.950.940.940.840.940.420.090.950.880.85
0.990.910.960.950.970.880.990.680.980.690.690.980.350.90.990.950.980.950.930.970.160.190.970.860.93
0.990.970.980.970.970.940.950.720.990.680.690.990.340.950.980.970.970.990.870.980.210.140.990.930.88
0.930.950.920.90.880.940.850.540.950.580.510.950.290.930.920.910.910.950.840.890.160.140.930.90.8
0.970.890.920.930.990.950.850.690.960.660.720.960.440.870.970.920.940.920.910.970.180.220.950.820.88
0.730.780.620.660.680.720.540.690.670.340.970.70.490.770.650.660.640.750.470.80.08-0.070.730.730.5
1.00.960.980.960.980.990.950.960.670.680.650.990.310.950.990.960.990.980.910.970.160.170.990.920.91
0.660.560.780.630.690.680.580.660.340.680.340.630.150.570.670.760.690.610.650.620.080.20.660.660.72
0.710.750.580.650.690.690.510.720.970.650.340.680.580.720.650.660.610.720.470.80.11-0.090.720.670.49
1.00.970.960.960.980.990.950.960.70.990.630.680.370.950.990.960.970.990.90.980.170.180.990.920.89
0.360.40.20.330.350.340.290.440.490.310.150.580.370.360.340.340.170.360.150.440.150.320.380.310.07
0.950.980.910.860.90.950.930.870.770.950.570.720.950.360.920.90.910.980.810.95-0.020.130.960.950.8
0.990.930.960.950.990.980.920.970.650.990.670.650.990.340.920.960.980.960.940.970.130.20.980.880.93
0.970.920.970.950.950.970.910.920.660.960.760.660.960.340.90.960.950.950.870.950.220.160.970.910.9
0.980.910.980.940.980.970.910.940.640.990.690.610.970.170.910.980.950.950.930.950.140.140.960.890.95
0.990.990.950.940.950.990.950.920.750.980.610.720.990.360.980.960.950.950.850.980.150.120.990.960.84
0.90.80.90.840.930.870.840.910.470.910.650.470.90.150.810.940.870.930.850.870.010.240.890.740.95
0.990.960.930.940.970.980.890.970.80.970.620.80.980.440.950.970.950.950.980.870.160.130.990.910.86
0.160.150.160.420.160.210.160.180.080.160.080.110.170.15-0.020.130.220.140.150.010.16-0.220.150.120.03
0.160.080.150.090.190.140.140.22-0.070.170.2-0.090.180.320.130.20.160.140.120.240.13-0.220.140.130.2
0.990.970.960.950.970.990.930.950.730.990.660.720.990.380.960.980.970.960.990.890.990.150.140.940.89
0.920.950.920.880.860.930.90.820.730.920.660.670.920.310.950.880.910.890.960.740.910.120.130.940.77
0.90.780.930.850.930.880.80.880.50.910.720.490.890.070.80.930.90.950.840.950.860.030.20.890.77
Click cells to compare fundamentals

Amphenol Account Relationship Matchups

Amphenol fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets10.8B12.3B14.7B15.3B16.5B17.4B
Short Long Term Debt Total3.6B3.9B4.8B4.6B4.3B4.6B
Other Current Liab862.6M953.3M1.1B954.5M1.3B1.3B
Total Current Liabilities2.1B2.3B2.4B2.7B3.2B3.3B
Total Stockholder Equity4.5B5.4B6.3B7.0B8.3B8.8B
Property Plant And Equipment Net999M1.1B1.2B1.2B1.3B1.4B
Net Debt2.7B2.2B3.6B3.2B2.9B3.0B
Retained Earnings3.3B3.7B4.3B5.0B5.9B6.2B
Cash891.2M1.7B1.2B1.4B1.5B1.5B
Non Current Assets Total6.6B6.8B8.7B8.8B9.7B10.2B
Non Currrent Assets Other296.2M352.3M411.2M2M449.2M471.7M
Cash And Short Term Investments908.6M1.7B1.2B1.4B1.7B1.7B
Net Receivables1.7B2.0B2.5B2.6B2.6B2.7B
Common Stock Shares Outstanding615.8M615M625.5M621M620.6M618.4M
Liabilities And Stockholders Equity10.8B12.3B14.7B15.3B16.5B17.4B
Non Current Liabilities Total4.1B4.6B5.9B5.6B4.9B5.2B
Inventory1.3B1.5B1.9B2.1B2.2B2.3B
Other Current Assets256.1M338.9M367.9M320M389.6M409.1M
Other Stockholder Equity1.6B2.0B2.3B2.6B3.0B3.1B
Total Liab6.2B6.9B8.3B8.2B8.1B8.5B
Property Plant And Equipment Gross999M1.1B3.1B3.2B3.6B3.8B
Total Current Assets4.2B5.5B6.0B6.5B6.8B7.2B
Accumulated Other Comprehensive Income(430.9M)(278.1M)(286.5M)(535M)(533.6M)(506.9M)
Short Term Debt403.3M230.3M4M2.7M353.8M371.5M
Intangible Assets442M397.5M756.9M734.1M834.8M617.5M
Accounts Payable866.8M1.1B1.3B1.3B1.4B1.4B
Other Liab737.8M934.9M1.1B772.5M888.4M932.8M
Other Assets99.5M352.3M411.2M462.6M532.0M558.6M
Long Term Debt3.2B3.6B4.8B4.6B4.0B2.1B
Good Will4.9B5.0B6.4B6.4B7.1B7.4B
Property Plant Equipment999M1.1B1.2B1.2B1.4B1.5B
Treasury Stock(55M)(70.8M)(111.1M)(100M)(90M)(85.5M)
Net Tangible Assets(778.8M)(44.7M)(831.7M)(144M)(129.6M)(136.1M)
Noncontrolling Interest In Consolidated Entity65.9M67M58.1M57.9M66.6M38.7M
Retained Earnings Total Equity3.3B3.7B4.3B5.0B5.7B6.0B
Short Term Investments17.4M36.1M44.3M61.1M185.2M92.8M
Long Term Debt Total3.2B3.6B4.8B4.6B5.3B3.0B

Pair Trading with Amphenol

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

Moving against Amphenol Stock

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The ability to find closely correlated positions to Amphenol could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amphenol 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 Amphenol - 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 Amphenol to buy it.
The correlation of Amphenol 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 Amphenol moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amphenol 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 Amphenol 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 Amphenol offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Amphenol's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Amphenol Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Amphenol Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amphenol. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
For more detail on how to invest in Amphenol Stock please use our How to Invest in Amphenol guide.
You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

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Is Amphenol'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 Amphenol. If investors know Amphenol 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 Amphenol 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
0.225
Dividend Share
0.86
Earnings Share
3.27
Revenue Per Share
21.476
Quarterly Revenue Growth
0.095
The market value of Amphenol is measured differently than its book value, which is the value of Amphenol that is recorded on the company's balance sheet. Investors also form their own opinion of Amphenol's value that differs from its market value or its book value, called intrinsic value, which is Amphenol'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 Amphenol's market value can be influenced by many factors that don't directly affect Amphenol'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 Amphenol's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amphenol is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amphenol'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.