NetApp Net Receivables vs Inventory Analysis

0K6F Stock   124.12  0.27  0.22%   
NetApp financial indicator trend analysis is infinitely more than just investigating NetApp Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NetApp Inc is a good investment. Please check the relationship between NetApp Net Receivables and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in NetApp Inc. 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.

Net Receivables vs Inventory

Net Receivables vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NetApp Inc Net Receivables account and Inventory. At this time, the significance of the direction appears to have strong relationship.
The correlation between NetApp's Net Receivables and Inventory is 0.75. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Inventory in the same time period over historical financial statements of NetApp Inc, assuming nothing else is changed. The correlation between historical values of NetApp's Net Receivables and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of NetApp Inc are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Net Receivables i.e., NetApp's Net Receivables and Inventory go up and down completely randomly.

Correlation Coefficient

0.75
Relationship DirectionPositive 
Relationship StrengthSignificant

Net Receivables

Inventory

Most indicators from NetApp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NetApp Inc 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 NetApp Inc. 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.
Selling General Administrative is likely to drop to about 257 M in 2024. Tax Provision is likely to drop to about 180.6 M in 2024
 2015 2020 2024 (projected)
Total Revenue5.4B6.3B6.3B
Depreciation And Amortization244M255M179.4M

NetApp fundamental ratios Correlations

0.650.740.660.450.940.77-0.140.280.580.490.680.150.760.83-0.160.520.730.780.870.70.820.620.450.62-0.44
0.650.890.930.030.460.920.530.720.95-0.110.98-0.090.210.66-0.60.040.970.960.50.960.350.48-0.060.69-0.76
0.740.890.790.010.50.780.530.620.81-0.180.93-0.270.210.71-0.640.090.830.820.540.820.330.38-0.040.8-0.61
0.660.930.79-0.110.490.980.430.840.99-0.030.950.260.220.81-0.65-0.10.980.950.410.990.370.76-0.180.42-0.53
0.450.030.01-0.110.670.11-0.68-0.63-0.20.81-0.06-0.110.87-0.090.750.990.070.20.81-0.010.8-0.150.990.47-0.4
0.940.460.50.490.670.65-0.450.020.380.750.460.280.930.680.150.710.590.660.930.540.960.560.680.5-0.36
0.770.920.780.980.110.650.250.70.940.180.920.280.420.82-0.480.120.990.980.590.990.560.760.040.49-0.59
-0.140.530.530.43-0.68-0.450.250.720.56-0.90.55-0.44-0.690.13-0.86-0.660.370.27-0.380.4-0.59-0.04-0.750.28-0.32
0.280.720.620.84-0.630.020.70.720.88-0.470.780.24-0.310.69-0.93-0.610.730.63-0.120.79-0.150.66-0.680.09-0.21
0.580.950.810.99-0.20.380.940.560.88-0.170.960.160.090.76-0.74-0.190.960.920.320.980.250.68-0.280.44-0.56
0.49-0.11-0.18-0.030.810.750.18-0.9-0.47-0.17-0.140.470.920.170.70.80.060.170.70.020.870.30.840.03-0.01
0.680.980.930.95-0.060.460.920.550.780.96-0.14-0.030.180.74-0.68-0.030.960.940.470.960.330.56-0.140.65-0.63
0.15-0.09-0.270.26-0.110.280.28-0.440.240.160.47-0.030.250.430.04-0.150.150.13-0.010.210.310.78-0.07-0.620.45
0.760.210.210.220.870.930.42-0.69-0.310.090.920.180.250.380.50.880.340.450.920.280.980.340.880.4-0.3
0.830.660.710.81-0.090.680.820.130.690.760.170.740.430.38-0.57-0.020.770.750.470.80.490.89-0.080.26-0.17
-0.16-0.6-0.64-0.650.750.15-0.48-0.86-0.93-0.740.7-0.680.040.5-0.570.7-0.55-0.440.26-0.60.37-0.420.78-0.140.16
0.520.040.09-0.10.990.710.12-0.66-0.61-0.190.8-0.03-0.150.88-0.020.70.080.210.850.00.81-0.130.990.53-0.39
0.730.970.830.980.070.590.990.370.730.960.060.960.150.340.77-0.550.080.990.561.00.480.67-0.010.57-0.66
0.780.960.820.950.20.660.980.270.630.920.170.940.130.450.75-0.440.210.990.650.970.580.640.120.63-0.7
0.870.50.540.410.810.930.59-0.38-0.120.320.70.47-0.010.920.470.260.850.560.650.490.940.290.790.71-0.53
0.70.960.820.99-0.010.540.990.40.790.980.020.960.210.280.8-0.60.01.00.970.490.430.72-0.090.5-0.6
0.820.350.330.370.80.960.56-0.59-0.150.250.870.330.310.980.490.370.810.480.580.940.430.460.80.44-0.33
0.620.480.380.76-0.150.560.76-0.040.660.680.30.560.780.340.89-0.42-0.130.670.640.290.720.46-0.14-0.110.03
0.45-0.06-0.04-0.180.990.680.04-0.75-0.68-0.280.84-0.14-0.070.88-0.080.780.99-0.010.120.79-0.090.8-0.140.41-0.3
0.620.690.80.420.470.50.490.280.090.440.030.65-0.620.40.26-0.140.530.570.630.710.50.44-0.110.41-0.8
-0.44-0.76-0.61-0.53-0.4-0.36-0.59-0.32-0.21-0.56-0.01-0.630.45-0.3-0.170.16-0.39-0.66-0.7-0.53-0.6-0.330.03-0.3-0.8
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NetApp Account Relationship Matchups

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