NetScout Total Assets vs Receivables Turnover Analysis

NTCT Stock  USD 21.81  0.34  1.58%   
NetScout Systems financial indicator trend analysis is infinitely more than just investigating NetScout Systems recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NetScout Systems is a good investment. Please check the relationship between NetScout Systems Total Assets and its Receivables Turnover accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetScout Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy NetScout Stock please use our How to Invest in NetScout Systems guide.

Total Assets vs Receivables Turnover

Total Assets vs Receivables Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NetScout Systems Total Assets account and Receivables Turnover. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between NetScout Systems' Total Assets and Receivables Turnover is -0.45. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Receivables Turnover in the same time period over historical financial statements of NetScout Systems, assuming nothing else is changed. The correlation between historical values of NetScout Systems' Total Assets and Receivables Turnover 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 Assets of NetScout Systems are associated (or correlated) with its Receivables Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Receivables Turnover has no effect on the direction of Total Assets i.e., NetScout Systems' Total Assets and Receivables Turnover go up and down completely randomly.

Correlation Coefficient

-0.45
Relationship DirectionNegative 
Relationship StrengthVery Weak

Total Assets

Total assets refers to the total amount of NetScout Systems assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in NetScout Systems books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Receivables Turnover

Most indicators from NetScout Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NetScout Systems 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetScout Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy NetScout Stock please use our How to Invest in NetScout Systems guide.Tax Provision is likely to gain to about 10.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 68 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit641.4M691.4M795.1M834.9M
Total Revenue855.6M914.5M1.1B1.1B

NetScout Systems fundamental ratios Correlations

0.910.960.990.810.160.750.760.821.00.750.810.860.920.870.760.70.990.910.810.890.480.720.90.2-0.82
0.910.960.940.86-0.150.850.60.810.910.580.730.670.780.650.610.580.920.730.860.760.440.550.830.12-0.82
0.960.960.980.85-0.10.890.640.860.950.670.780.720.850.70.640.610.950.780.850.820.570.680.860.15-0.84
0.990.940.980.810.070.780.740.820.990.730.780.820.90.810.740.680.990.860.810.860.480.690.880.2-0.81
0.810.860.850.81-0.10.790.330.850.810.720.710.550.660.620.360.260.780.681.00.670.430.730.8-0.22-0.92
0.16-0.15-0.10.07-0.1-0.320.44-0.180.170.220.020.470.270.560.410.340.130.43-0.10.21-0.040.140.110.270.07
0.750.850.890.780.79-0.320.30.810.740.490.650.430.620.430.290.310.710.520.790.60.620.590.7-0.04-0.82
0.760.60.640.740.330.440.30.350.750.350.570.890.830.780.990.980.780.80.330.780.40.320.650.65-0.3
0.820.810.860.820.85-0.180.810.350.80.740.890.530.70.670.370.30.780.730.850.790.440.750.81-0.15-0.93
1.00.910.950.990.810.170.740.750.80.770.780.850.910.860.760.690.990.90.810.870.450.710.890.19-0.81
0.750.580.670.730.720.220.490.350.740.770.620.570.660.740.370.190.740.730.720.620.150.850.73-0.34-0.79
0.810.730.780.780.710.020.650.570.890.780.620.710.850.780.570.540.770.860.710.950.510.710.90.07-0.81
0.860.670.720.820.550.470.430.890.530.850.570.710.940.90.850.830.860.930.550.890.490.60.810.42-0.54
0.920.780.850.90.660.270.620.830.70.910.660.850.940.880.80.770.910.950.660.950.540.70.940.28-0.7
0.870.650.70.810.620.560.430.780.670.860.740.780.90.880.770.680.840.980.620.890.340.680.820.22-0.68
0.760.610.640.740.360.410.290.990.370.760.370.570.850.80.770.960.780.790.360.770.380.320.640.61-0.32
0.70.580.610.680.260.340.310.980.30.690.190.540.830.770.680.960.720.730.260.750.440.230.60.73-0.24
0.990.920.950.990.780.130.710.780.780.990.740.770.860.910.840.780.720.890.780.870.440.680.880.23-0.77
0.910.730.780.860.680.430.520.80.730.90.730.860.930.950.980.790.730.890.680.960.430.710.910.21-0.74
0.810.860.850.811.0-0.10.790.330.850.810.720.710.550.660.620.360.260.780.680.670.430.730.8-0.22-0.92
0.890.760.820.860.670.210.60.780.790.870.620.950.890.950.890.770.750.870.960.670.540.690.930.27-0.73
0.480.440.570.480.43-0.040.620.40.440.450.150.510.490.540.340.380.440.440.430.430.540.520.470.33-0.39
0.720.550.680.690.730.140.590.320.750.710.850.710.60.70.680.320.230.680.710.730.690.520.77-0.19-0.79
0.90.830.860.880.80.110.70.650.810.890.730.90.810.940.820.640.60.880.910.80.930.470.770.0-0.85
0.20.120.150.2-0.220.27-0.040.65-0.150.19-0.340.070.420.280.220.610.730.230.21-0.220.270.33-0.190.00.3
-0.82-0.82-0.84-0.81-0.920.07-0.82-0.3-0.93-0.81-0.79-0.81-0.54-0.7-0.68-0.32-0.24-0.77-0.74-0.92-0.73-0.39-0.79-0.850.3
Click cells to compare fundamentals

NetScout Systems Account Relationship Matchups

NetScout Systems fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.1B3.1B3.2B2.8B3.2B3.4B
Other Current Liab98.4M111.2M111.1M114.0M131.0M137.6M
Total Current Liabilities399.0M411.3M475.1M453.6M521.6M547.7M
Total Stockholder Equity1.9B2.0B2.1B2.0B2.3B2.5B
Property Plant And Equipment Net126.3M110.0M96.3M86.2M99.1M104.1M
Net Debt192.5M(43.6M)(220.8M)(226.3M)(260.3M)(247.3M)
Retained Earnings355.3M374.7M411.7M470.2M540.7M567.8M
Accounts Payable20.0M18.0M22.0M16.5M18.9M13.7M
Cash338.5M467.2M636.2M386.8M444.8M467.1M
Non Current Assets Total2.5B2.4B2.3B2.2B2.5B2.7B
Non Currrent Assets Other17.8M23.2M13.0M12.5M14.4M15.1M
Cash And Short Term Investments386.5M476.5M703.2M419.0M481.8M243.0M
Net Receivables213.5M197.7M148.2M143.9M165.4M101.8M
Common Stock Shares Outstanding75.2M73.8M75.1M73.0M84.0M54.3M
Liabilities And Stockholders Equity3.1B3.1B3.2B2.8B3.2B3.4B
Non Current Liabilities Total783.6M668.0M658.2M337.3M387.9M308.4M
Inventory22.2M22.8M28.2M18.0M20.6M16.0M
Other Current Assets37.5M25.5M49.3M36.6M42.0M27.3M
Other Stockholder Equity1.6B1.6B1.6B1.6B1.8B1.9B
Total Liab1.2B1.1B1.1B790.9M909.5M483.1M
Property Plant And Equipment Gross126.3M110.0M96.3M86.2M99.1M104.1M
Total Current Assets659.7M722.5M921.9M617.4M710.0M388.0M
Accumulated Other Comprehensive Income(3.2M)(1.9M)141K5.7M6.6M6.9M
Common Stock122K124K126K128K147.2K154.6K
Other Assets24.2M24.0M23.2M19.9M22.8M17.0M
Common Stock Total Equity122K124K126K128K147.2K74.2K
Short Term Investments48.0M9.3M67.0M32.2M37.0M65.5M
Treasury Stock(1.1B)(1.3B)(1.3B)(1.4B)(1.2B)(1.2B)
Property Plant Equipment57.7M48.5M96.3M34.7M39.9M30.6M
Current Deferred Revenue270.3M269.7M330.6M311.5M358.3M376.2M
Intangible Assets582.2M511.9M433.4M366.6M421.6M286.7M
Good Will1.7B1.7B1.7B1.7B2.0B2.1B
Other Liab274.6M262.9M256.7M254.2M292.4M307.0M
Short Long Term Debt Total531.0M423.6M415.3M160.5M184.5M311.5M
Long Term Debt550M450M350M100M115M109.3M
Net Tangible Assets(369.9M)(223.6M)(95.1M)(61.3M)(55.2M)(58.0M)
Retained Earnings Total Equity355.3M374.7M410.6M470.2M540.7M356.6M
Capital Surpluse2.9B3.0B3.0B3.1B3.6B2.2B
Deferred Long Term Liab148.7M131.8M113.6M51.0M58.6M55.7M

NetScout Systems Investors Sentiment

The influence of NetScout Systems' 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 NetScout. 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 NetScout Systems' public news can be used to forecast risks associated with an investment in NetScout. The trend in average sentiment can be used to explain how an investor holding NetScout can time the market purely based on public headlines and social activities around NetScout Systems. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
NetScout Systems' 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 NetScout Systems' 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 NetScout Systems' news discussions. The higher the estimated score, the more favorable is the investor's outlook on NetScout Systems.
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 NetScout Systems 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, NetScout Systems' short interest history, or implied volatility extrapolated from NetScout Systems options trading.

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When determining whether NetScout Systems 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 NetScout 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 Netscout Systems Stock. Highlighted below are key reports to facilitate an investment decision about Netscout Systems Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetScout Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy NetScout Stock please use our How to Invest in NetScout Systems guide.
Note that the NetScout Systems information on this page should be used as a complementary analysis to other NetScout Systems' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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When running NetScout Systems' price analysis, check to measure NetScout Systems' 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 NetScout Systems is operating at the current time. Most of NetScout Systems' value examination focuses on studying past and present price action to predict the probability of NetScout Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NetScout Systems' price. Additionally, you may evaluate how the addition of NetScout Systems to your portfolios can decrease your overall portfolio volatility.
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Is NetScout Systems' 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 NetScout Systems. If investors know NetScout 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 NetScout Systems 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
0.208
Earnings Share
(1.65)
Revenue Per Share
11.674
Quarterly Revenue Growth
(0.19)
Return On Assets
0.012
The market value of NetScout Systems is measured differently than its book value, which is the value of NetScout that is recorded on the company's balance sheet. Investors also form their own opinion of NetScout Systems' value that differs from its market value or its book value, called intrinsic value, which is NetScout Systems' 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 NetScout Systems' market value can be influenced by many factors that don't directly affect NetScout Systems' 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 NetScout Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if NetScout Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NetScout Systems' 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.