Aspen Total Liab vs Good Will Analysis

AZPN Stock

USD 198.43 0.43 0.22%

Aspen Technology financial indicator trend analysis is way more than just evaluating Aspen Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aspen Technology is a good investment. Please check the relationship between Aspen Technology Total Liab and its Good Will accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aspen Technology. 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.

To learn how to invest in Aspen Stock, please use our How to Invest in Aspen Technology guide.

Total Liab vs Good Will

Total Liab vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aspen Technology Total Liab account and Good Will. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Aspen Technology's Total Liab and Good Will is 0.95. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Good Will in the same time period over historical financial statements of Aspen Technology, assuming nothing else is changed. The correlation between historical values of Aspen Technology's Total Liab and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Aspen Technology are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Total Liab i.e., Aspen Technology's Total Liab and Good Will go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Most indicators from Aspen Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aspen Technology 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 Aspen Technology. 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.

To learn how to invest in Aspen Stock, please use our How to Invest in Aspen Technology guide.At this time, Aspen Technology's Selling General Administrative is very stable compared to the past year. As of the 29th of April 2024, Sales General And Administrative To Revenue is likely to grow to 0.31, though Tax Provision is likely to grow to (62.2 M).

	2021	2023	2024 (projected)
Interest Expense	3.5M	3.1M	3.0M
Depreciation And Amortization	158.0M	565.1M	593.4M

Interest Expense Depreciation And Amortization

Aspen Technology fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	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	Net Receivables	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	Intangible Assets	Common Stock Total Equity	Common Stock	Other Liab
Total Assets		-0.03	0.94	0.13	1.0	0.97	-0.36	-0.2	0.99	0.39	1.0	0.48	0.34	0.9	-0.27	0.95	0.52	0.99	0.96	0.97	0.86	-0.4	1.0	0.2	-0.9	1.0
Short Long Term Debt Total	-0.03		-0.09	-0.01	-0.05	0.16	0.51	0.74	-0.01	0.58	-0.05	-0.38	0.56	0.27	-0.07	0.24	0.03	-0.12	0.22	0.16	0.38	0.38	-0.05	0.37	0.23	0.0
Other Current Liab	0.94	-0.09		0.21	0.94	0.91	-0.23	-0.06	0.95	0.25	0.94	0.33	0.17	0.9	-0.18	0.86	0.26	0.92	0.9	0.91	0.81	-0.23	0.92	0.24	-0.79	0.95
Total Current Liabilities	0.13	-0.01	0.21		0.11	0.1	0.02	-0.14	0.21	0.09	0.13	-0.52	0.06	-0.01	0.38	0.04	-0.02	0.13	0.25	0.1	0.0	0.54	0.14	0.65	0.1	0.16
Total Stockholder Equity	1.0	-0.05	0.94	0.11		0.97	-0.37	-0.21	0.98	0.38	1.0	0.49	0.33	0.89	-0.27	0.95	0.52	1.0	0.95	0.97	0.86	-0.41	1.0	0.18	-0.9	0.99
Property Plant And Equipment Net	0.97	0.16	0.91	0.1	0.97		-0.29	-0.04	0.96	0.53	0.97	0.39	0.48	0.93	-0.27	0.98	0.47	0.94	0.98	1.0	0.93	-0.37	0.96	0.25	-0.83	0.97
Net Debt	-0.36	0.51	-0.23	0.02	-0.37	-0.29		0.71	-0.29	-0.27	-0.37	-0.27	-0.36	-0.08	-0.3	-0.22	-0.43	-0.43	-0.22	-0.29	-0.22	0.73	-0.37	-0.1	0.33	-0.31
Retained Earnings	-0.2	0.74	-0.06	-0.14	-0.21	-0.04	0.71		-0.15	0.25	-0.22	-0.36	0.17	0.22	-0.18	0.02	-0.46	-0.31	-0.02	-0.04	0.2	0.48	-0.24	0.15	0.31	-0.15
Accounts Payable	0.99	-0.01	0.95	0.21	0.98	0.96	-0.29	-0.15		0.36	0.99	0.41	0.3	0.89	-0.28	0.94	0.45	0.97	0.96	0.96	0.84	-0.3	0.98	0.22	-0.87	0.99
Cash	0.39	0.58	0.25	0.09	0.38	0.53	-0.27	0.25	0.36		0.37	-0.09	0.98	0.47	0.02	0.57	0.42	0.34	0.54	0.53	0.69	-0.17	0.38	0.52	-0.19	0.38
Non Current Assets Total	1.0	-0.05	0.94	0.13	1.0	0.97	-0.37	-0.22	0.99	0.37		0.49	0.33	0.89	-0.27	0.95	0.52	1.0	0.95	0.97	0.85	-0.4	1.0	0.18	-0.9	1.0
Non Currrent Assets Other	0.48	-0.38	0.33	-0.52	0.49	0.39	-0.27	-0.36	0.41	-0.09	0.49		-0.11	0.32	-0.73	0.41	0.45	0.52	0.28	0.39	0.23	-0.65	0.5	-0.66	-0.8	0.44
Cash And Short Term Investments	0.34	0.56	0.17	0.06	0.33	0.48	-0.36	0.17	0.3	0.98	0.33	-0.11		0.4	0.12	0.51	0.45	0.3	0.48	0.48	0.65	-0.24	0.33	0.54	-0.13	0.33
Net Receivables	0.9	0.27	0.9	-0.01	0.89	0.93	-0.08	0.22	0.89	0.47	0.89	0.32	0.4		-0.28	0.94	0.34	0.84	0.91	0.93	0.95	-0.22	0.87	0.27	-0.73	0.91
Common Stock Shares Outstanding	-0.27	-0.07	-0.18	0.38	-0.27	-0.27	-0.3	-0.18	-0.28	0.02	-0.27	-0.73	0.12	-0.28		-0.33	-0.1	-0.25	-0.23	-0.27	-0.17	0.12	-0.28	0.68	0.58	-0.26
Non Current Liabilities Total	0.95	0.24	0.86	0.04	0.95	0.98	-0.22	0.02	0.94	0.57	0.95	0.41	0.51	0.94	-0.33		0.54	0.92	0.97	0.98	0.95	-0.34	0.95	0.25	-0.83	0.96
Other Current Assets	0.52	0.03	0.26	-0.02	0.52	0.47	-0.43	-0.46	0.45	0.42	0.52	0.45	0.45	0.34	-0.1	0.54		0.56	0.49	0.47	0.44	-0.44	0.55	0.16	-0.51	0.49
Other Stockholder Equity	0.99	-0.12	0.92	0.13	1.0	0.94	-0.43	-0.31	0.97	0.34	1.0	0.52	0.3	0.84	-0.25	0.92	0.56		0.93	0.94	0.81	-0.45	1.0	0.16	-0.91	0.98
Total Liab	0.96	0.22	0.9	0.25	0.95	0.98	-0.22	-0.02	0.96	0.54	0.95	0.28	0.48	0.91	-0.23	0.97	0.49	0.93		0.98	0.92	-0.21	0.95	0.36	-0.78	0.97
Property Plant And Equipment Gross	0.97	0.16	0.91	0.1	0.97	1.0	-0.29	-0.04	0.96	0.53	0.97	0.39	0.48	0.93	-0.27	0.98	0.47	0.94	0.98		0.93	-0.37	0.96	0.25	-0.83	0.97
Total Current Assets	0.86	0.38	0.81	0.0	0.86	0.93	-0.22	0.2	0.84	0.69	0.85	0.23	0.65	0.95	-0.17	0.95	0.44	0.81	0.92	0.93		-0.29	0.84	0.38	-0.66	0.87
Short Term Debt	-0.4	0.38	-0.23	0.54	-0.41	-0.37	0.73	0.48	-0.3	-0.17	-0.4	-0.65	-0.24	-0.22	0.12	-0.34	-0.44	-0.45	-0.21	-0.37	-0.29		-0.4	0.27	0.52	-0.35
Intangible Assets	1.0	-0.05	0.92	0.14	1.0	0.96	-0.37	-0.24	0.98	0.38	1.0	0.5	0.33	0.87	-0.28	0.95	0.55	1.0	0.95	0.96	0.84	-0.4		0.18	-0.91	0.99
Common Stock Total Equity	0.2	0.37	0.24	0.65	0.18	0.25	-0.1	0.15	0.22	0.52	0.18	-0.66	0.54	0.27	0.68	0.25	0.16	0.16	0.36	0.25	0.38	0.27	0.18		0.21	0.22
Common Stock	-0.9	0.23	-0.79	0.1	-0.9	-0.83	0.33	0.31	-0.87	-0.19	-0.9	-0.8	-0.13	-0.73	0.58	-0.83	-0.51	-0.91	-0.78	-0.83	-0.66	0.52	-0.91	0.21		-0.88
Other Liab	1.0	0.0	0.95	0.16	0.99	0.97	-0.31	-0.15	0.99	0.38	1.0	0.44	0.33	0.91	-0.26	0.96	0.49	0.98	0.97	0.97	0.87	-0.35	0.99	0.22	-0.88

Click cells to compare fundamentals

Aspen Technology Account Relationship Matchups

Aspen Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.2B	1.5B	15.0B	14.5B	16.7B	17.5B
Short Long Term Debt Total	467.4M	329.6M	352.8M	68.4M	78.6M	131.3M
Other Current Liab	45.4M	54.0M	101.0M	167.8M	192.9M	202.6M
Total Current Liabilities	219.8M	141.5M	300.9M	352.4M	405.3M	226.8M
Total Stockholder Equity	493.7M	800.8M	13.2B	13.1B	15.0B	15.8B
Property Plant And Equipment Net	40.9M	38.1M	95.4M	86.3M	99.3M	104.2M
Net Debt	179.6M	(50.2M)	(97.0M)	(172.8M)	(155.6M)	(147.8M)
Retained Earnings	1.5B	1.8B	66.4M	(41.4M)	(47.6M)	(45.2M)
Accounts Payable	4.0M	4.4M	21.4M	20.3M	23.3M	24.5M
Cash	287.8M	379.9M	449.7M	241.2M	277.4M	145.6M
Non Current Assets Total	582.3M	685.7M	13.9B	13.7B	15.7B	16.5B
Non Currrent Assets Other	1.8M	3.5M	14.2M	13.5M	12.1M	11.5M
Cash And Short Term Investments	287.8M	379.9M	449.7M	241.2M	277.4M	159.4M
Net Receivables	344.9M	361.1M	556.8M	552.7M	635.6M	667.4M
Common Stock Shares Outstanding	68.7M	68.5M	39.8M	64.6M	74.3M	66.6M
Liabilities And Stockholders Equity	1.2B	1.5B	15.0B	14.5B	16.7B	17.5B
Non Current Liabilities Total	519.0M	511.7M	1.5B	1.1B	1.2B	1.3B
Other Current Assets	15.3M	12.7M	53.3M	27.7M	31.9M	21.8M
Other Stockholder Equity	(997.1M)	(996.9M)	13.1B	13.1B	15.1B	15.8B
Total Liab	738.8M	653.2M	1.8B	1.4B	1.6B	1.7B
Property Plant And Equipment Gross	40.9M	38.1M	95.4M	86.3M	99.3M	104.2M
Total Current Assets	650.2M	768.3M	1.0B	833.1M	958.0M	1.0B
Accumulated Other Comprehensive Income	(5.3M)	9.0M	(4.6M)	2.4M	2.8M	2.9M
Short Term Debt	142.0M	26.8M	35.2M	12.9M	14.9M	14.1M
Intangible Assets	43.8M	45.8M	5.1B	4.7B	5.4B	5.6B
Common Stock Total Equity	10.3M	10.4M	10.4M	10.5M	12.0M	8.5M
Common Stock	10.4M	10.4M	10.5M	6K	6.9K	6.6K
Other Liab	189.0M	197.0M	208.9M	1.2B	1.4B	1.4B
Other Assets	353.5M	351.2M	441.9M	447.4M	514.5M	540.2M
Treasury Stock	(1.3B)	(1.6B)	(1.8B)	(1.8B)	(1.6B)	(1.6B)
Property Plant Equipment	7.2M	6.0M	38.1M	95.4M	109.7M	115.2M
Current Deferred Revenue	28.5M	56.4M	143.3M	151.5M	174.2M	127.1M
Inventory	2.3M	14.6M	(12.4M)	11.4M	10.3M	10.8M
Good Will	137.1M	159.9M	8.3B	8.3B	9.6B	10.1B
Net Tangible Assets	280.0M	318.6M	595.1M	(210.2M)	(241.8M)	(229.7M)
Retained Earnings Total Equity	305.2M	1.3B	1.5B	1.8B	2.0B	2.1B
Capital Surpluse	715.5M	739.1M	769.4M	819.6M	942.6M	742.2M
Deferred Long Term Liab	178.6M	193.9M	29.1M	5.5M	6.3M	6.0M

Aspen Technology Investors Sentiment

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

Aspen Technology'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 Aspen Technology'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 Aspen Technology's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Aspen Technology.

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 Aspen Technology 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, Aspen Technology's short interest history, or implied volatility extrapolated from Aspen Technology options trading.

Pair Trading with Aspen Technology

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

Moving together with Aspen Stock

0.63

Blackline Financial Report 2nd of May 2024

Pair Corr

Moving against Aspen Stock

0.7	VCSA	Vacasa Inc Trending	Pair Corr
0.65	NOGWQ	Nogin Inc	Pair Corr
0.63	EB	Eventbrite Class A Financial Report 14th of May 2024	Pair Corr
0.6	QH	QuhuoLtd	Pair Corr
0.56	DV	DoubleVerify Holdings Financial Report 8th of May 2024	Pair Corr

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

The correlation of Aspen Technology 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 Aspen Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aspen Technology 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 Aspen Technology 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 Aspen Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Aspen Technology'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 Aspen Technology Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Aspen Technology Stock:

How To Invest In Aspen

Details

Is Aspen Stock a good investment?

Details

What is Aspen Technology's Net Worth?

Details

Largest Application Software Companies

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Largest Software - Application Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aspen Technology. 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.

To learn how to invest in Aspen Stock, please use our How to Invest in Aspen Technology guide.

You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for Aspen Stock analysis

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

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Is Aspen Technology'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 Aspen Technology. If investors know Aspen 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 Aspen Technology 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

(0.63)

Earnings Share

(1.35)

Revenue Per Share

16.424

Quarterly Revenue Growth

0.059

Return On Assets

(0.01)

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

Total Liab vs Good Will

Total Liab vs Good Will Correlation Analysis

Correlation Coefficient

Total Liab

Good Will

Aspen Technology fundamental ratios Correlations

Aspen Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Aspen Technology fundamental ratios Accounts

Aspen Technology Investors Sentiment

Pair Trading with Aspen Technology

Moving together with Aspen Stock

Moving against Aspen Stock

Complementary Tools for Aspen Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Intangible Assets	+ 1.0	Total Assets
Other Liab	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Other Stockholder Equity	+ 1.0	Total Stockholder Equity

Common Stock	- 0.91	Intangible Assets
Common Stock	- 0.91	Other Stockholder Equity
Common Stock	- 0.9	Non Current Assets Total
Common Stock	- 0.9	Total Stockholder Equity
Common Stock	- 0.9	Total Assets
Other Liab	- 0.88	Common Stock