TechnipFMC Intangible Assets vs Inventory Analysis

0RMV Stock

29.71 0.57 1.96%

TechnipFMC PLC financial indicator trend analysis is much more than just breaking down TechnipFMC PLC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TechnipFMC PLC is a good investment. Please check the relationship between TechnipFMC PLC Intangible Assets and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in TechnipFMC PLC. 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.

For more information on how to buy TechnipFMC Stock please use our How to Invest in TechnipFMC PLC guide.

Intangible Assets vs Inventory

Intangible Assets vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TechnipFMC PLC Intangible Assets account and Inventory. At this time, the significance of the direction appears to have almost identical trend.

The correlation between TechnipFMC PLC's Intangible Assets and Inventory is 0.93. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Inventory in the same time period over historical financial statements of TechnipFMC PLC, assuming nothing else is changed. The correlation between historical values of TechnipFMC PLC's Intangible Assets 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 Intangible Assets of TechnipFMC PLC 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 Intangible Assets i.e., TechnipFMC PLC's Intangible Assets and Inventory go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Inventory

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

For more information on how to buy TechnipFMC Stock please use our How to Invest in TechnipFMC PLC guide.Tax Provision is likely to gain to about 222.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.1 B in 2024.

	2019	2020	2023	2024 (projected)
Interest Income	10.4M	28M	25.2M	23.9M
Tax Provision	276.3M	153.4M	138.1M	222.3M

Interest Income Tax Provision

TechnipFMC 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	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Treasury Stock	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Investments
Total Assets		0.57	-0.28	0.93	0.11	0.2	-0.14	0.57	0.21	0.33	0.92	0.47	0.33	0.14	-0.05	0.06	0.84	0.47	0.6	0.47	0.31	0.29
Short Long Term Debt Total	0.57		-0.79	0.46	-0.69	-0.68	-0.86	1.0	-0.67	0.96	0.28	0.97	0.95	0.12	-0.77	0.8	0.27	0.97	0.98	0.97	0.9	-0.52
Total Current Liabilities	-0.28	-0.79		-0.4	0.52	0.59	0.63	-0.79	0.6	-0.75	-0.12	-0.7	-0.72	0.17	0.56	-0.69	0.23	-0.71	-0.74	-0.7	-0.64	0.5
Total Stockholder Equity	0.93	0.46	-0.4		0.28	0.33	0.04	0.46	0.33	0.2	0.94	0.31	0.18	-0.03	0.14	-0.04	0.63	0.31	0.48	0.32	0.15	0.39
Retained Earnings	0.11	-0.69	0.52	0.28		0.97	0.94	-0.69	0.96	-0.84	0.47	-0.8	-0.84	-0.29	0.97	-0.86	0.18	-0.81	-0.69	-0.8	-0.85	0.93
Cash	0.2	-0.68	0.59	0.33	0.97		0.93	-0.68	1.0	-0.85	0.5	-0.75	-0.84	-0.09	0.94	-0.88	0.33	-0.76	-0.64	-0.75	-0.8	0.9
Other Assets	-0.14	-0.86	0.63	0.04	0.94	0.93		-0.86	0.93	-0.95	0.19	-0.92	-0.93	-0.18	0.97	-0.87	0.0	-0.93	-0.84	-0.92	-0.9	0.81
Long Term Debt	0.57	1.0	-0.79	0.46	-0.69	-0.68	-0.86		-0.67	0.96	0.28	0.97	0.95	0.12	-0.77	0.8	0.27	0.97	0.98	0.97	0.9	-0.52
Cash And Short Term Investments	0.21	-0.67	0.6	0.33	0.96	1.0	0.93	-0.67		-0.84	0.5	-0.75	-0.83	-0.08	0.93	-0.87	0.34	-0.76	-0.64	-0.75	-0.8	0.9
Net Receivables	0.33	0.96	-0.75	0.2	-0.84	-0.85	-0.95	0.96	-0.84		0.03	0.97	0.99	0.12	-0.88	0.91	0.09	0.96	0.93	0.97	0.94	-0.69
Good Will	0.92	0.28	-0.12	0.94	0.47	0.5	0.19	0.28	0.5	0.03		0.13	0.01	-0.09	0.31	-0.23	0.76	0.13	0.29	0.14	-0.03	0.61
Capital Surpluse	0.47	0.97	-0.7	0.31	-0.8	-0.75	-0.92	0.97	-0.75	0.97	0.13		0.96	0.32	-0.86	0.86	0.26	0.99	0.98	1.0	0.96	-0.67
Inventory	0.33	0.95	-0.72	0.18	-0.84	-0.84	-0.93	0.95	-0.83	0.99	0.01	0.96		0.18	-0.87	0.93	0.1	0.96	0.93	0.96	0.97	-0.69
Other Current Assets	0.14	0.12	0.17	-0.03	-0.29	-0.09	-0.18	0.12	-0.08	0.12	-0.09	0.32	0.18		-0.22	0.27	0.38	0.28	0.29	0.32	0.4	-0.42
Other Stockholder Equity	-0.05	-0.77	0.56	0.14	0.97	0.94	0.97	-0.77	0.93	-0.88	0.31	-0.86	-0.87	-0.22		-0.81	0.04	-0.88	-0.77	-0.85	-0.84	0.85
Total Liab	0.06	0.8	-0.69	-0.04	-0.86	-0.88	-0.87	0.8	-0.87	0.91	-0.23	0.86	0.93	0.27	-0.81		-0.15	0.83	0.8	0.86	0.95	-0.82
Total Current Assets	0.84	0.27	0.23	0.63	0.18	0.33	0.0	0.27	0.34	0.09	0.76	0.26	0.1	0.38	0.04	-0.15		0.26	0.35	0.27	0.14	0.36
Treasury Stock	0.47	0.97	-0.71	0.31	-0.81	-0.76	-0.93	0.97	-0.76	0.96	0.13	0.99	0.96	0.28	-0.88	0.83	0.26		0.98	0.99	0.94	-0.66
Intangible Assets	0.6	0.98	-0.74	0.48	-0.69	-0.64	-0.84	0.98	-0.64	0.93	0.29	0.98	0.93	0.29	-0.77	0.8	0.35	0.98		0.98	0.92	-0.55
Common Stock	0.47	0.97	-0.7	0.32	-0.8	-0.75	-0.92	0.97	-0.75	0.97	0.14	1.0	0.96	0.32	-0.85	0.86	0.27	0.99	0.98		0.96	-0.67
Property Plant Equipment	0.31	0.9	-0.64	0.15	-0.85	-0.8	-0.9	0.9	-0.8	0.94	-0.03	0.96	0.97	0.4	-0.84	0.95	0.14	0.94	0.92	0.96		-0.75
Short Term Investments	0.29	-0.52	0.5	0.39	0.93	0.9	0.81	-0.52	0.9	-0.69	0.61	-0.67	-0.69	-0.42	0.85	-0.82	0.36	-0.66	-0.55	-0.67	-0.75

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TechnipFMC PLC Account Relationship Matchups

TechnipFMC PLC fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	28.3B	24.8B	23.5B	19.7B	17.7B	18.4B
Short Long Term Debt Total	3.8B	4.1B	4.0B	3.3B	3.8B	3.8B
Total Current Liabilities	9.8B	9.1B	10.1B	10.4B	9.4B	8.1B
Total Stockholder Equity	13.4B	10.4B	7.7B	4.2B	3.7B	6.5B
Retained Earnings	3.4B	1.1B	(1.6B)	(4.9B)	(4.4B)	(4.2B)
Cash	6.7B	5.5B	5.2B	4.8B	4.3B	4.6B
Other Assets	879M	564.7M	592.5M	489.4M	440.5M	563.2M
Long Term Debt	3.8B	4.1B	4.0B	3.3B	3.8B	3.8B
Cash And Short Term Investments	6.7B	5.5B	5.3B	4.9B	4.4B	4.6B
Net Receivables	3.2B	3.8B	3.8B	3.6B	4.1B	3.7B
Good Will	8.9B	7.6B	5.6B	2.5B	2.3B	2.1B
Capital Surpluse	10.5B	10.2B	10.2B	10.2B	11.8B	9.6B
Inventory	1.4B	1.4B	1.7B	1.5B	1.7B	1.5B
Other Current Assets	460M	182.2M	241.6M	397.6M	357.8M	252.3M
Other Stockholder Equity	(1.0B)	(1.4B)	(1.4B)	(1.6B)	(1.5B)	(1.5B)
Total Liab	14.9B	14.4B	15.9B	15.5B	17.9B	16.4B
Total Current Assets	13.0B	11.8B	11.9B	11.4B	10.3B	9.4B
Intangible Assets	1.3B	1.2B	1.1B	981.1M	1.1B	1.0B
Common Stock	465.1M	450.5M	447.1M	449.5M	516.9M	423.9M
Property Plant Equipment	3.9B	3.3B	4.1B	3.9B	4.5B	3.9B

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TechnipFMC Intangible Assets vs Inventory Analysis

Intangible Assets vs Inventory

Intangible Assets vs Inventory Correlation Analysis

Correlation Coefficient

Intangible Assets

Inventory

TechnipFMC PLC fundamental ratios Correlations

TechnipFMC PLC Account Relationship Matchups

High Positive Relationship

High Negative Relationship

TechnipFMC PLC fundamental ratios Accounts

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Additional Tools for TechnipFMC Stock Analysis

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Long Term Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Capital Surpluse
Inventory	+ 0.99	Net Receivables
Treasury Stock	+ 0.99	Capital Surpluse
Common Stock	+ 0.99	Treasury Stock

Net Receivables	- 0.95	Other Assets
Treasury Stock	- 0.93	Other Assets
Inventory	- 0.93	Other Assets
Common Stock	- 0.92	Other Assets
Capital Surpluse	- 0.92	Other Assets
Property Plant Equipment	- 0.9	Other Assets