ASE Other Current Assets vs Short Term Investments Analysis
ASX Stock | USD 10.86 0.01 0.09% |
ASE Industrial financial indicator trend analysis is way more than just evaluating ASE Industrial Holding prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ASE Industrial Holding is a good investment. Please check the relationship between ASE Industrial Other Current Assets and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ASE Industrial Holding. 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.
Other Current Assets vs Short Term Investments
Other Current Assets vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ASE Industrial Holding Other Current Assets account and Short Term Investments. At this time, the significance of the direction appears to have very week relationship.
The correlation between ASE Industrial's Other Current Assets and Short Term Investments is 0.28. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of ASE Industrial Holding, assuming nothing else is changed. The correlation between historical values of ASE Industrial's Other Current Assets and Short Term Investments 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 Assets of ASE Industrial Holding are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Other Current Assets i.e., ASE Industrial's Other Current Assets and Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.28 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Short Term Investments
Short Term Investments is an item under the current assets section of ASE Industrial balance sheet. It contains any investments ASE Industrial Holding undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that ASE Industrial Holding can easily liquidate in the marketplace.Most indicators from ASE Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ASE Industrial Holding 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 ASE Industrial Holding. 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. Enterprise Value is likely to rise to about 1.4 T in 2024, whereas Selling General Administrative is likely to drop slightly above 10.4 B in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 110.4B | 134.9B | 86.9B | 48.1B | Total Revenue | 570.0B | 670.9B | 581.9B | 611.0B |
ASE Industrial fundamental ratios Correlations
Click cells to compare fundamentals
ASE Industrial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ASE Industrial fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 556.7B | 583.9B | 672.9B | 707.1B | 666.6B | 699.9B | |
Short Long Term Debt Total | 214.9B | 203.2B | 219.8B | 194.6B | 179.2B | 109.0B | |
Other Current Liab | 53.5B | 53.5B | 71.0B | 86.5B | 75.5B | 79.2B | |
Total Current Liabilities | 152.3B | 172.5B | 210.9B | 222.3B | 222.3B | 233.5B | |
Total Stockholder Equity | 201.0B | 218.6B | 260.1B | 301.3B | 297.8B | 312.7B | |
Property Plant And Equipment Net | 241.9B | 241.8B | 250.5B | 279.3B | 276.3B | 145.8B | |
Net Debt | 154.8B | 151.7B | 143.7B | 136.5B | 111.9B | 72.6B | |
Retained Earnings | 21.0B | 30.1B | 69.7B | 91.6B | 95.8B | 100.6B | |
Accounts Payable | 56.1B | 73.3B | 84.5B | 79.0B | 70.3B | 73.8B | |
Cash | 60.1B | 51.5B | 76.1B | 58.0B | 67.3B | 36.4B | |
Non Current Assets Total | 354.7B | 359.3B | 380.6B | 406.7B | 405.2B | 425.5B | |
Non Currrent Assets Other | 13.8B | 14.0B | 25.4B | 25.3B | 3.1B | 3.0B | |
Cash And Short Term Investments | 65.0B | 56.4B | 79.1B | 65.6B | 71.4B | 41.6B | |
Net Receivables | 78.9B | 91.8B | 115.5B | 114.6B | 121.1B | 127.2B | |
Common Stock Shares Outstanding | 4.3B | 4.3B | 4.4B | 4.3B | 4.3B | 2.6B | |
Short Term Investments | 4.9B | 4.9B | 3.1B | 7.6B | 4.1B | 5.2B | |
Liabilities And Stockholders Equity | 556.7B | 583.9B | 672.9B | 707.1B | 666.6B | 699.9B | |
Non Current Liabilities Total | 190.0B | 177.1B | 187.4B | 164.9B | 126.1B | 83.9B | |
Inventory | 45.3B | 62.0B | 73.2B | 92.8B | 63.3B | 32.5B | |
Other Current Assets | 12.7B | 14.3B | 24.5B | 27.3B | 5.6B | 6.3B | |
Other Stockholder Equity | 127.5B | 130.3B | 130.4B | 143.1B | 132.2B | 138.8B | |
Total Liab | 342.3B | 349.6B | 398.3B | 387.1B | 348.5B | 180.1B | |
Property Plant And Equipment Gross | 241.9B | 241.8B | 250.5B | 279.3B | 321.2B | 337.2B | |
Total Current Assets | 202.0B | 224.6B | 292.4B | 300.4B | 261.3B | 274.4B | |
Accumulated Other Comprehensive Income | 9.1B | 14.7B | 15.9B | 23.0B | 26.1B | 27.4B | |
Short Term Debt | 42.7B | 45.8B | 55.5B | 56.8B | 70.2B | 73.7B | |
Common Stock | 43.3B | 43.5B | 44.1B | 43.7B | 43.8B | 57.9B | |
Other Liab | 12.6B | 20.3B | 23.1B | 20.5B | 23.5B | 24.7B | |
Other Assets | 18.5B | 19.3B | 30.8B | 9.9B | 11.4B | 6.4B | |
Long Term Debt | 172.2B | 157.4B | 164.3B | 137.8B | 158.5B | 166.4B | |
Good Will | 50.2B | 54.8B | 52.1B | 52.3B | 51.7B | 54.3B | |
Intangible Assets | 78.6B | 80.9B | 76.0B | 72.8B | 17.8B | 24.0B | |
Property Plant Equipment | 241.9B | 241.8B | 250.5B | 301.0B | 346.2B | 363.5B | |
Net Tangible Assets | 122.4B | 137.7B | 184.1B | 221.2B | 254.4B | 150.1B | |
Long Term Investments | 15.6B | 17.0B | 23.3B | 22.9B | 26.3B | 22.1B | |
Short Long Term Debt | 42.7B | 119.1B | 139.9B | 56.8B | 65.3B | 64.5B | |
Long Term Debt Total | 177.4B | 156.6B | 166.1B | 144.5B | 166.2B | 114.5B |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether ASE Industrial Holding offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ASE Industrial'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 Ase Industrial Holding Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ase Industrial Holding Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ASE Industrial Holding. 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. 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 ASE Industrial's price analysis, check to measure ASE Industrial'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 ASE Industrial is operating at the current time. Most of ASE Industrial's value examination focuses on studying past and present price action to predict the probability of ASE Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASE Industrial's price. Additionally, you may evaluate how the addition of ASE Industrial to your portfolios can decrease your overall portfolio volatility.
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Is ASE Industrial'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 ASE Industrial. If investors know ASE 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 ASE Industrial 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 (0.02) | Dividend Share 5.2 | Earnings Share 0.5 | Revenue Per Share 271.432 | Quarterly Revenue Growth 0.015 |
The market value of ASE Industrial Holding is measured differently than its book value, which is the value of ASE that is recorded on the company's balance sheet. Investors also form their own opinion of ASE Industrial's value that differs from its market value or its book value, called intrinsic value, which is ASE Industrial'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 ASE Industrial's market value can be influenced by many factors that don't directly affect ASE Industrial'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 ASE Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if ASE Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASE Industrial'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.