Stryker Good Will vs Total Assets Analysis
SYK Stock | USD 335.61 1.54 0.46% |
Stryker financial indicator trend analysis is much more than just breaking down Stryker prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Stryker is a good investment. Please check the relationship between Stryker Good Will and its Total Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stryker. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For more information on how to buy Stryker Stock please use our How to buy in Stryker Stock guide.
Good Will vs Total Assets
Good Will vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Stryker Good Will account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Stryker's Good Will and Total Assets is 0.98. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Total Assets in the same time period over historical financial statements of Stryker, assuming nothing else is changed. The correlation between historical values of Stryker's Good Will and Total 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 Good Will of Stryker are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Good Will i.e., Stryker's Good Will and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
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.Total Assets
Total assets refers to the total amount of Stryker 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 Stryker 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.Most indicators from Stryker's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Stryker 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Stryker. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For more information on how to buy Stryker Stock please use our How to buy in Stryker Stock guide.At this time, Stryker's Selling General Administrative is quite stable compared to the past year. Enterprise Value is expected to rise to about 116.9 B this year, although the value of Tax Provision will most likely fall to about 289.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 11.0B | 11.6B | 13.1B | 13.7B | Total Revenue | 17.1B | 18.4B | 20.5B | 21.5B |
Stryker fundamental ratios Correlations
Click cells to compare fundamentals
Stryker Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Stryker fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 30.2B | 34.3B | 34.6B | 36.9B | 39.9B | 41.9B | |
Short Long Term Debt Total | 10.2B | 13.2B | 12.5B | 13.0B | 13.0B | 13.6B | |
Other Current Liab | 2.9B | 3.5B | 3.4B | 3.7B | 3.9B | 4.1B | |
Total Current Liabilities | 4.4B | 5.0B | 4.5B | 6.3B | 7.9B | 8.3B | |
Total Stockholder Equity | 12.8B | 13.1B | 14.9B | 16.6B | 18.6B | 19.5B | |
Property Plant And Equipment Net | 2.6B | 2.8B | 2.8B | 3.0B | 3.2B | 3.4B | |
Net Debt | 5.9B | 10.3B | 9.5B | 11.2B | 10.0B | 10.5B | |
Retained Earnings | 11.7B | 12.5B | 13.5B | 14.8B | 16.8B | 17.6B | |
Cash | 4.3B | 2.9B | 2.9B | 1.8B | 3.0B | 3.1B | |
Non Current Assets Total | 18.8B | 24.6B | 24.6B | 26.6B | 27.4B | 28.8B | |
Non Currrent Assets Other | 1.4B | 2.0B | 2.2B | 2.4B | 2.7B | 2.8B | |
Cash And Short Term Investments | 4.4B | 3.0B | 3.0B | 1.9B | 3.1B | 1.7B | |
Net Receivables | 2.9B | 2.7B | 3.0B | 3.6B | 3.8B | 4.0B | |
Liabilities And Stockholders Equity | 30.2B | 34.3B | 34.6B | 36.9B | 39.9B | 41.9B | |
Non Current Liabilities Total | 13.0B | 16.2B | 15.2B | 14.0B | 13.4B | 14.1B | |
Inventory | 3.3B | 3.5B | 3.3B | 4.0B | 4.8B | 5.1B | |
Other Current Assets | 760M | 488M | 662M | 787M | 857M | 520.6M | |
Other Stockholder Equity | 1.6B | 1.7B | 1.9B | 2.0B | 2.2B | 2.3B | |
Total Liab | 17.4B | 21.2B | 19.8B | 20.3B | 21.3B | 22.4B | |
Total Current Assets | 11.4B | 9.7B | 10.0B | 10.3B | 12.5B | 13.1B | |
Short Term Debt | 859M | 761M | 7M | 1.2B | 2.1B | 2.2B | |
Intangible Assets | 4.2B | 5.6B | 4.8B | 4.9B | 4.6B | 4.8B | |
Accounts Payable | 675M | 810M | 1.1B | 1.4B | 1.5B | 1.6B | |
Property Plant And Equipment Gross | 2.6B | 2.8B | 5.5B | 5.8B | 6.3B | 6.7B | |
Accumulated Other Comprehensive Income | (606M) | (1.2B) | (531M) | (221M) | (416M) | (395.2M) | |
Short Term Investments | 88M | 81M | 75M | 84M | 82M | 77.9M | |
Good Will | 9.1B | 12.8B | 12.9B | 14.9B | 15.2B | 16.0B | |
Other Liab | 2.4B | 3.0B | 2.7B | 1.8B | 2.0B | 1.1B | |
Other Assets | 2.6B | 3.5B | 4.0B | 3.9B | 4.5B | 4.7B | |
Long Term Debt | 10.2B | 13.2B | 12.5B | 11.9B | 10.9B | 11.4B | |
Property Plant Equipment | 2.6B | 2.8B | 2.8B | 3.0B | 3.4B | 3.6B | |
Net Tangible Assets | (489M) | (5.2B) | (2.9B) | (3.1B) | (2.8B) | (2.7B) | |
Retained Earnings Total Equity | 11.7B | 12.5B | 13.5B | 14.8B | 17.0B | 10.2B | |
Capital Surpluse | 1.6B | 1.7B | 1.9B | 2.0B | 2.3B | 1.5B | |
Non Current Liabilities Other | 2.7B | 3.0B | 1.8B | 1.5B | 1.9B | 1.8B | |
Accumulated Depreciation | (2.1B) | (2.4B) | (2.7B) | (2.8B) | (2.6B) | (2.7B) |
Stryker Investors Sentiment
The influence of Stryker'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 Stryker. 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 Stryker's public news can be used to forecast risks associated with an investment in Stryker. The trend in average sentiment can be used to explain how an investor holding Stryker can time the market purely based on public headlines and social activities around Stryker. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Stryker'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 Stryker'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 Stryker's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Stryker.
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 Stryker 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, Stryker's short interest history, or implied volatility extrapolated from Stryker options trading.
Currently Active Assets on Macroaxis
When determining whether Stryker 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 Stryker 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 Stryker Stock. Highlighted below are key reports to facilitate an investment decision about Stryker Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stryker. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For more information on how to buy Stryker Stock please use our How to buy in Stryker Stock guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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Is Stryker'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 Stryker. If investors know Stryker 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 Stryker 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 1.027 | Dividend Share 3.05 | Earnings Share 8.25 | Revenue Per Share 53.999 | Quarterly Revenue Growth 0.118 |
The market value of Stryker is measured differently than its book value, which is the value of Stryker that is recorded on the company's balance sheet. Investors also form their own opinion of Stryker's value that differs from its market value or its book value, called intrinsic value, which is Stryker'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 Stryker's market value can be influenced by many factors that don't directly affect Stryker'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 Stryker's value and its price as these two are different measures arrived at by different means. Investors typically determine if Stryker is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Stryker'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.