Broadcom Good Will vs Other Current Assets Analysis

0YXG Stock

164.29 0.42 0.25%

Broadcom financial indicator trend analysis is way more than just evaluating Broadcom prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Broadcom is a good investment. Please check the relationship between Broadcom Good Will and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Broadcom. 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 Broadcom Stock please use our How to Invest in Broadcom guide.

Good Will vs Other Current Assets

Good Will vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Broadcom Good Will account and Other Current Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between Broadcom's Good Will and Other Current Assets is 0.74. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Broadcom, assuming nothing else is changed. The correlation between historical values of Broadcom's Good Will and Other Current 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 Broadcom are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Good Will i.e., Broadcom's Good Will and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.74

Relationship Direction	Positive
Relationship Strength	Significant

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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.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from Broadcom's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Broadcom 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 Broadcom. 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 Broadcom Stock please use our How to Invest in Broadcom guide.Tax Provision is likely to gain to about 35 M in 2024, whereas Discontinued Operations is likely to drop (7.2 M) in 2024.

	2020	2022	2023	2024 (projected)
Total Revenue	33.2B	35.8B	41.2B	43.3B
Depreciation And Amortization	5.0B	3.7B	4.3B	3.8B

Total Revenue Depreciation And Amortization

Broadcom fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Term Investments	Short Long Term Debt Total	Non Current Liabilities Total
Total Assets		0.97	0.91	1.0	0.98	0.98	0.2	0.77	0.75	0.99	0.44	0.7	0.75	0.91	1.0	1.0	0.75	0.73	1.0	1.0	0.75	0.66	-0.98	-0.14	1.0	1.0
Other Current Liab	0.97		0.9	0.97	0.93	0.93	0.08	0.79	0.78	0.94	0.49	0.77	0.78	0.94	0.98	0.98	0.84	0.73	0.96	0.97	0.78	0.54	-0.95	-0.14	0.97	0.97
Total Current Liabilities	0.91	0.9		0.94	0.87	0.84	0.28	0.83	0.93	0.88	0.72	0.89	0.93	0.92	0.92	0.94	0.8	0.93	0.89	0.9	0.93	0.42	-0.97	0.15	0.92	0.92
Total Stockholder Equity	1.0	0.97	0.94		0.98	0.97	0.24	0.79	0.78	0.98	0.49	0.73	0.78	0.92	1.0	1.0	0.76	0.77	0.99	0.99	0.78	0.63	-0.98	-0.08	1.0	1.0
Property Plant And Equipment Net	0.98	0.93	0.87	0.98		1.0	0.24	0.66	0.65	1.0	0.31	0.59	0.65	0.83	0.98	0.97	0.62	0.65	0.99	0.99	0.65	0.78	-0.96	-0.18	0.99	0.99
Net Debt	0.98	0.93	0.84	0.97	1.0		0.21	0.63	0.61	1.0	0.26	0.55	0.61	0.81	0.97	0.96	0.61	0.6	0.99	0.98	0.61	0.8	-0.94	-0.25	0.98	0.98
Retained Earnings	0.2	0.08	0.28	0.24	0.24	0.21		0.19	0.22	0.22	0.2	0.13	0.22	0.14	0.19	0.21	0.0	0.31	0.21	0.19	0.22	0.2	-0.23	0.3	0.21	0.21
Accounts Payable	0.77	0.79	0.83	0.79	0.66	0.63	0.19		0.89	0.68	0.82	0.87	0.89	0.95	0.78	0.79	0.95	0.88	0.72	0.75	0.89	0.05	-0.74	0.3	0.76	0.74
Cash	0.75	0.78	0.93	0.78	0.65	0.61	0.22	0.89		0.68	0.92	0.99	1.0	0.9	0.76	0.79	0.87	0.99	0.7	0.73	1.0	0.07	-0.82	0.36	0.75	0.75
Non Current Assets Total	0.99	0.94	0.88	0.98	1.0	1.0	0.22	0.68	0.68		0.34	0.62	0.68	0.85	0.99	0.98	0.65	0.67	1.0	0.99	0.68	0.75	-0.97	-0.19	0.99	0.99
Non Currrent Assets Other	0.44	0.49	0.72	0.49	0.31	0.26	0.2	0.82	0.92	0.34		0.92	0.92	0.72	0.46	0.5	0.79	0.92	0.37	0.41	0.92	-0.32	-0.53	0.58	0.44	0.44
Other Assets	0.7	0.77	0.89	0.73	0.59	0.55	0.13	0.87	0.99	0.62	0.92		0.99	0.88	0.71	0.75	0.9	0.95	0.64	0.68	0.99	-0.01	-0.78	0.34	0.7	0.7
Cash And Short Term Investments	0.75	0.78	0.93	0.78	0.65	0.61	0.22	0.89	1.0	0.68	0.92	0.99		0.9	0.76	0.79	0.87	0.99	0.7	0.73	1.0	0.07	-0.82	0.36	0.75	0.75
Net Receivables	0.91	0.94	0.92	0.92	0.83	0.81	0.14	0.95	0.9	0.85	0.72	0.88	0.9		0.92	0.93	0.95	0.87	0.88	0.9	0.9	0.29	-0.89	0.1	0.91	0.9
Good Will	1.0	0.98	0.92	1.0	0.98	0.97	0.19	0.78	0.76	0.99	0.46	0.71	0.76	0.92		1.0	0.77	0.74	0.99	1.0	0.76	0.63	-0.97	-0.13	1.0	1.0
Common Stock Shares Outstanding	1.0	0.98	0.94	1.0	0.97	0.96	0.21	0.79	0.79	0.98	0.5	0.75	0.79	0.93	1.0		0.77	0.78	0.99	0.99	0.79	0.61	-0.98	-0.09	1.0	1.0
Inventory	0.75	0.84	0.8	0.76	0.62	0.61	0.0	0.95	0.87	0.65	0.79	0.9	0.87	0.95	0.77	0.77		0.81	0.7	0.74	0.87	0.01	-0.73	0.16	0.74	0.72
Other Current Assets	0.73	0.73	0.93	0.77	0.65	0.6	0.31	0.88	0.99	0.67	0.92	0.95	0.99	0.87	0.74	0.78	0.81		0.69	0.71	0.99	0.09	-0.81	0.42	0.74	0.74
Other Stockholder Equity	1.0	0.96	0.89	0.99	0.99	0.99	0.21	0.72	0.7	1.0	0.37	0.64	0.7	0.88	0.99	0.99	0.7	0.69		1.0	0.7	0.71	-0.97	-0.18	1.0	1.0
Total Liab	1.0	0.97	0.9	0.99	0.99	0.98	0.19	0.75	0.73	0.99	0.41	0.68	0.73	0.9	1.0	0.99	0.74	0.71	1.0		0.73	0.67	-0.97	-0.16	1.0	1.0
Total Current Assets	0.75	0.78	0.93	0.78	0.65	0.61	0.22	0.89	1.0	0.68	0.92	0.99	1.0	0.9	0.76	0.79	0.87	0.99	0.7	0.73		0.07	-0.82	0.36	0.75	0.75
Intangible Assets	0.66	0.54	0.42	0.63	0.78	0.8	0.2	0.05	0.07	0.75	-0.32	-0.01	0.07	0.29	0.63	0.61	0.01	0.09	0.71	0.67	0.07		-0.61	-0.49	0.66	0.68
Common Stock	-0.98	-0.95	-0.97	-0.98	-0.96	-0.94	-0.23	-0.74	-0.82	-0.97	-0.53	-0.78	-0.82	-0.89	-0.97	-0.98	-0.73	-0.81	-0.97	-0.97	-0.82	-0.61		0.08	-0.98	-0.98
Short Term Investments	-0.14	-0.14	0.15	-0.08	-0.18	-0.25	0.3	0.3	0.36	-0.19	0.58	0.34	0.36	0.1	-0.13	-0.09	0.16	0.42	-0.18	-0.16	0.36	-0.49	0.08		-0.13	-0.13
Short Long Term Debt Total	1.0	0.97	0.92	1.0	0.99	0.98	0.21	0.76	0.75	0.99	0.44	0.7	0.75	0.91	1.0	1.0	0.74	0.74	1.0	1.0	0.75	0.66	-0.98	-0.13		1.0
Non Current Liabilities Total	1.0	0.97	0.92	1.0	0.99	0.98	0.21	0.74	0.75	0.99	0.44	0.7	0.75	0.9	1.0	1.0	0.72	0.74	1.0	1.0	0.75	0.68	-0.98	-0.13	1.0

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Broadcom Good Will vs Other Current Assets Analysis

Good Will vs Other Current Assets

Good Will vs Other Current Assets Correlation Analysis

Correlation Coefficient

Good Will

Other Current Assets

Broadcom fundamental ratios Correlations

Broadcom Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Total Stockholder Equity	+ 1.0	Total Assets
Good Will	+ 1.0	Total Assets
Common Stock Shares Outstanding	+ 1.0	Total Assets
Other Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Short Long Term Debt Total	+ 1.0	Total Assets

Non Current Liabilities Total	- 0.98	Common Stock
Short Long Term Debt Total	- 0.98	Common Stock
Common Stock	- 0.98	Common Stock Shares Outstanding
Common Stock	- 0.98	Total Stockholder Equity
Common Stock	- 0.98	Total Assets
Common Stock	- 0.97	Total Liab