AstraZeneca Inventory vs Short Term Investments Analysis

0A4J Stock

67.09 0.33 0.49%

AstraZeneca PLC financial indicator trend analysis is way more than just evaluating AstraZeneca PLC ADR prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AstraZeneca PLC ADR is a good investment. Please check the relationship between AstraZeneca PLC Inventory and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AstraZeneca PLC ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Inventory vs Short Term Investments

Inventory vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AstraZeneca PLC ADR Inventory account and Short Term Investments. At this time, the significance of the direction appears to have pay attention.

The correlation between AstraZeneca PLC's Inventory and Short Term Investments is -0.76. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of AstraZeneca PLC ADR, assuming nothing else is changed. The correlation between historical values of AstraZeneca PLC's Inventory 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 Inventory of AstraZeneca PLC ADR 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 Inventory i.e., AstraZeneca PLC's Inventory and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.76

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Inventory

Short Term Investments

Short Term Investments is an item under the current assets section of AstraZeneca PLC balance sheet. It contains any investments AstraZeneca PLC ADR undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that AstraZeneca PLC ADR can easily liquidate in the marketplace.

Most indicators from AstraZeneca PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AstraZeneca PLC ADR 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 AstraZeneca PLC ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Tax Provision is likely to gain to about 932.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 9.3 B in 2024.

	2019	2020	2023	2024 (projected)
Gross Profit	19.6B	21.3B	24.5B	21.1B
Total Revenue	24.4B	26.6B	30.6B	26.1B

Gross Profit Total Revenue

AstraZeneca PLC fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Cash	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Short Term Investments	Capital Surpluse	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Other Current Liab	Other Liab	Net Tangible Assets	Accounts Payable	Other Stockholder Equity
Total Assets		0.83	0.9	-0.08	-0.71	0.77	0.68	0.83	0.82	0.82	0.92	-0.78	0.73	0.61	0.2	0.98	0.81	0.79	-0.67	0.92	0.85	0.28	-0.73	-0.39	0.8	-0.7
Short Long Term Debt Total	0.83		0.92	-0.25	-0.91	0.79	0.91	1.0	0.82	0.94	0.76	-0.83	0.86	0.73	0.61	0.9	0.91	0.94	-0.93	0.87	0.94	0.3	-0.84	-0.04	0.48	-0.81
Total Current Liabilities	0.9	0.92		-0.03	-0.91	0.87	0.83	0.9	0.9	0.98	0.76	-0.84	0.89	0.72	0.38	0.92	0.93	0.92	-0.81	0.96	0.95	0.17	-0.83	-0.18	0.68	-0.86
Total Stockholder Equity	-0.08	-0.25	-0.03		0.19	0.19	-0.11	-0.28	0.14	-0.06	-0.42	0.05	-0.01	0.08	-0.46	-0.22	0.01	0.09	0.43	-0.1	-0.1	-0.06	0.42	0.3	0.37	0.44
Retained Earnings	-0.71	-0.91	-0.91	0.19		-0.79	-0.92	-0.89	-0.81	-0.95	-0.6	0.83	-0.94	-0.8	-0.5	-0.78	-0.92	-0.9	0.94	-0.86	-0.96	-0.27	0.81	0.0	-0.44	0.87
Cash	0.77	0.79	0.87	0.19	-0.79		0.69	0.75	1.0	0.81	0.54	-0.9	0.87	0.71	0.27	0.77	0.89	0.87	-0.69	0.82	0.84	0.35	-0.65	0.07	0.66	-0.62
Other Assets	0.68	0.91	0.83	-0.11	-0.92	0.69		0.89	0.71	0.9	0.55	-0.76	0.87	0.85	0.5	0.74	0.89	0.93	-0.91	0.76	0.94	0.39	-0.67	0.08	0.45	-0.7
Long Term Debt	0.83	1.0	0.9	-0.28	-0.89	0.75	0.89		0.79	0.92	0.77	-0.81	0.82	0.71	0.64	0.9	0.89	0.92	-0.92	0.86	0.92	0.26	-0.83	-0.08	0.47	-0.81
Cash And Short Term Investments	0.82	0.82	0.9	0.14	-0.81	1.0	0.71	0.79		0.84	0.61	-0.91	0.88	0.72	0.28	0.82	0.91	0.88	-0.71	0.85	0.86	0.35	-0.69	0.01	0.68	-0.65
Net Receivables	0.82	0.94	0.98	-0.06	-0.95	0.81	0.9	0.92	0.84		0.69	-0.81	0.88	0.8	0.5	0.86	0.95	0.94	-0.86	0.94	0.97	0.13	-0.79	-0.13	0.6	-0.86
Good Will	0.92	0.76	0.76	-0.42	-0.6	0.54	0.55	0.77	0.61	0.69		-0.61	0.56	0.42	0.27	0.94	0.64	0.59	-0.64	0.83	0.72	0.2	-0.74	-0.54	0.59	-0.72
Short Term Investments	-0.78	-0.83	-0.84	0.05	0.83	-0.9	-0.76	-0.81	-0.91	-0.81	-0.61		-0.82	-0.76	-0.36	-0.79	-0.91	-0.86	0.81	-0.8	-0.87	-0.44	0.72	0.07	-0.64	0.73
Capital Surpluse	0.73	0.86	0.89	-0.01	-0.94	0.87	0.87	0.82	0.88	0.88	0.56	-0.82		0.74	0.26	0.77	0.88	0.9	-0.87	0.8	0.93	0.49	-0.76	0.17	0.47	-0.72
Inventory	0.61	0.73	0.72	0.08	-0.8	0.71	0.85	0.71	0.72	0.8	0.42	-0.76	0.74		0.43	0.62	0.91	0.8	-0.7	0.76	0.86	0.24	-0.36	-0.12	0.65	-0.54
Other Current Assets	0.2	0.61	0.38	-0.46	-0.5	0.27	0.5	0.64	0.28	0.5	0.27	-0.36	0.26	0.43		0.34	0.48	0.45	-0.59	0.38	0.42	-0.25	-0.41	-0.03	-0.08	-0.52
Total Liab	0.98	0.9	0.92	-0.22	-0.78	0.77	0.74	0.9	0.82	0.86	0.94	-0.79	0.77	0.62	0.34		0.84	0.82	-0.78	0.93	0.89	0.29	-0.81	-0.34	0.69	-0.78
Total Current Assets	0.81	0.91	0.93	0.01	-0.92	0.89	0.89	0.89	0.91	0.95	0.64	-0.91	0.88	0.91	0.48	0.84		0.94	-0.83	0.92	0.97	0.25	-0.67	-0.12	0.69	-0.76
Short Term Debt	0.79	0.94	0.92	0.09	-0.9	0.87	0.93	0.92	0.88	0.94	0.59	-0.86	0.9	0.8	0.45	0.82	0.94		-0.84	0.83	0.95	0.34	-0.72	0.1	0.59	-0.69
Intangible Assets	-0.67	-0.93	-0.81	0.43	0.94	-0.69	-0.91	-0.92	-0.71	-0.86	-0.64	0.81	-0.87	-0.7	-0.59	-0.78	-0.83	-0.84		-0.75	-0.9	-0.42	0.85	-0.06	-0.27	0.84
Common Stock	0.92	0.87	0.96	-0.1	-0.86	0.82	0.76	0.86	0.85	0.94	0.83	-0.8	0.8	0.76	0.38	0.93	0.92	0.83	-0.75		0.92	0.08	-0.75	-0.39	0.75	-0.84
Property Plant Equipment	0.85	0.94	0.95	-0.1	-0.96	0.84	0.94	0.92	0.86	0.97	0.72	-0.87	0.93	0.86	0.42	0.89	0.97	0.95	-0.9	0.92		0.35	-0.76	-0.1	0.63	-0.8
Other Current Liab	0.28	0.3	0.17	-0.06	-0.27	0.35	0.39	0.26	0.35	0.13	0.2	-0.44	0.49	0.24	-0.25	0.29	0.25	0.34	-0.42	0.08	0.35		-0.25	0.41	0.1	-0.01
Other Liab	-0.73	-0.84	-0.83	0.42	0.81	-0.65	-0.67	-0.83	-0.69	-0.79	-0.74	0.72	-0.76	-0.36	-0.41	-0.81	-0.67	-0.72	0.85	-0.75	-0.76	-0.25		0.07	-0.26	0.91
Net Tangible Assets	-0.39	-0.04	-0.18	0.3	0.0	0.07	0.08	-0.08	0.01	-0.13	-0.54	0.07	0.17	-0.12	-0.03	-0.34	-0.12	0.1	-0.06	-0.39	-0.1	0.41	0.07		-0.5	0.31
Accounts Payable	0.8	0.48	0.68	0.37	-0.44	0.66	0.45	0.47	0.68	0.6	0.59	-0.64	0.47	0.65	-0.08	0.69	0.69	0.59	-0.27	0.75	0.63	0.1	-0.26	-0.5		-0.37
Other Stockholder Equity	-0.7	-0.81	-0.86	0.44	0.87	-0.62	-0.7	-0.81	-0.65	-0.86	-0.72	0.73	-0.72	-0.54	-0.52	-0.78	-0.76	-0.69	0.84	-0.84	-0.8	-0.01	0.91	0.31	-0.37

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AstraZeneca PLC Account Relationship Matchups

AstraZeneca PLC fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	63.4B	60.7B	61.4B	66.7B	76.7B	69.2B
Short Long Term Debt Total	15.6B	17.4B	16.2B	18.0B	20.7B	18.0B
Total Current Liabilities	18.1B	20.3B	22.6B	26.3B	30.2B	21.3B
Total Stockholder Equity	15.0B	12.5B	13.1B	15.6B	14.1B	11.4B
Retained Earnings	5.0B	6.4B	3.6B	3.1B	2.8B	5.2B
Cash	2.5B	3.9B	4.6B	6.7B	7.6B	4.8B
Other Assets	3.5B	4.3B	5.3B	4.2B	4.8B	3.9B
Long Term Debt	15.6B	17.4B	15.7B	17.5B	20.1B	17.7B
Cash And Short Term Investments	4.6B	5.7B	6.2B	8.0B	9.2B	6.7B
Net Receivables	5.2B	5.7B	8.8B	9.9B	11.4B	6.5B
Good Will	11.8B	11.7B	11.7B	11.8B	13.6B	12.9B
Capital Surpluse	4.4B	4.4B	7.9B	8.0B	9.2B	6.4B
Inventory	3.2B	4.0B	9.0B	4.7B	5.4B	4.6B
Other Current Assets	106M	99M	556M	398M	457.7M	385.6M
Total Liab	48.4B	48.2B	48.3B	51.1B	58.8B	53.6B
Total Current Assets	15.6B	19.5B	26.2B	22.6B	26.0B	19.8B
Short Term Debt	152M	160M	146M	286M	328.9M	184.4M
Intangible Assets	26.2B	22.0B	20.8B	20.9B	18.9B	18.8B
Property Plant Equipment	8.3B	8.9B	10.2B	9.4B	10.9B	9.2B
Other Current Liab	4.9B	5.8B	4.5B	3.8B	4.4B	5.0B
Other Liab	10.3B	10.5B	13.0B	8.5B	7.6B	8.8B
Net Tangible Assets	(19.4B)	(17.2B)	(23.1B)	(22.1B)	(25.4B)	(26.7B)
Accounts Payable	1.8B	2.4B	2.8B	2.6B	2.9B	2.5B
Other Stockholder Equity	(143M)	881M	111M	(1.6B)	(1.5B)	(1.4B)

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AstraZeneca Inventory vs Short Term Investments Analysis

Inventory vs Short Term Investments

Inventory vs Short Term Investments Correlation Analysis

Correlation Coefficient

Inventory

Short Term Investments

AstraZeneca PLC fundamental ratios Correlations

AstraZeneca PLC Account Relationship Matchups

High Positive Relationship

High Negative Relationship

AstraZeneca PLC fundamental ratios Accounts

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Long Term Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.98	Total Assets
Net Receivables	+ 0.98	Total Current Liabilities
Property Plant Equipment	+ 0.97	Net Receivables
Property Plant Equipment	+ 0.97	Total Current Assets

Property Plant Equipment	- 0.96	Retained Earnings
Net Receivables	- 0.95	Retained Earnings
Capital Surpluse	- 0.94	Retained Earnings
Intangible Assets	- 0.93	Short Long Term Debt Total
Intangible Assets	- 0.92	Long Term Debt
Total Current Assets	- 0.92	Retained Earnings