Adroit Change To Account Receivables vs Free Cash Flow Analysis

ADROITINFO

22.06 0.25 1.12%

Adroit Infotech financial indicator trend analysis is way more than just evaluating Adroit Infotech prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Adroit Infotech is a good investment. Please check the relationship between Adroit Infotech Change To Account Receivables and its Free Cash Flow accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adroit Infotech Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Change To Account Receivables vs Free Cash Flow

Change To Account Receivables vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Adroit Infotech Change To Account Receivables account and Free Cash Flow. At this time, the significance of the direction appears to have no relationship.

The correlation between Adroit Infotech's Change To Account Receivables and Free Cash Flow is 0.09. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Adroit Infotech Limited, assuming nothing else is changed. The correlation between historical values of Adroit Infotech's Change To Account Receivables and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Account Receivables of Adroit Infotech Limited are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Change To Account Receivables i.e., Adroit Infotech's Change To Account Receivables and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.09

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Change To Account Receivables

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

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

The Adroit Infotech's current Issuance Of Capital Stock is estimated to increase to about 100 M, while Selling General Administrative is projected to decrease to under 20.7 M.

Adroit Infotech fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Retained Earnings	Accounts Payable	Other Assets	Other Liab	Net Tangible Assets	Current Deferred Revenue
Total Assets		-0.47	0.51	0.62	0.95	-0.26	-0.21	0.37	0.33	-0.07	0.4	0.9	0.0	-0.23	-0.5	0.75	0.47	0.43	0.84	0.26	0.73	0.56	-0.18	0.26	0.59	0.43
Short Long Term Debt Total	-0.47		-0.32	-0.17	-0.49	0.26	0.43	-0.15	-0.06	-0.53	-0.17	-0.35	-0.02	0.16	0.09	-0.44	-0.18	-0.06	-0.49	-0.03	-0.45	-0.14	-0.06	-0.09	-0.41	-0.09
Other Current Liab	0.51	-0.32		0.72	0.41	-0.14	0.22	-0.01	0.26	0.23	-0.01	0.45	0.22	-0.36	-0.26	0.33	0.35	0.41	0.37	0.08	0.33	0.51	-0.23	0.04	0.1	0.14
Total Current Liabilities	0.62	-0.17	0.72		0.5	-0.25	0.33	0.08	0.3	-0.2	0.09	0.56	0.44	-0.53	-0.66	0.57	0.52	0.54	0.48	-0.02	0.39	0.63	-0.41	-0.02	0.16	0.58
Total Stockholder Equity	0.95	-0.49	0.41	0.5		-0.29	-0.32	0.41	0.21	-0.06	0.42	0.87	0.01	-0.4	-0.4	0.76	0.29	0.12	0.87	0.12	0.86	0.38	-0.07	0.18	0.68	0.43
Property Plant And Equipment Net	-0.26	0.26	-0.14	-0.25	-0.29		-0.1	-0.24	0.03	0.02	-0.22	-0.56	-0.17	0.37	0.51	-0.2	-0.22	0.02	-0.28	0.27	-0.39	-0.04	-0.38	0.19	-0.23	-0.2
Net Debt	-0.21	0.43	0.22	0.33	-0.32	-0.1		-0.7	0.23	-0.22	-0.7	-0.21	0.46	-0.1	-0.28	-0.25	0.17	0.25	-0.4	-0.06	-0.34	0.28	-0.04	0.04	-0.55	0.08
Cash	0.37	-0.15	-0.01	0.08	0.41	-0.24	-0.7		0.09	-0.16	0.98	0.57	-0.14	-0.1	-0.33	0.2	0.23	0.0	0.38	0.1	0.34	-0.03	0.06	0.07	0.36	-0.07
Non Current Assets Total	0.33	-0.06	0.26	0.3	0.21	0.03	0.23	0.09		-0.14	0.05	0.22	0.3	0.12	-0.62	-0.27	0.68	0.44	-0.17	0.64	-0.24	0.47	-0.23	0.88	-0.48	-0.4
Non Currrent Assets Other	-0.07	-0.53	0.23	-0.2	-0.06	0.02	-0.22	-0.16	-0.14		-0.14	-0.14	-0.34	0.11	0.42	-0.06	-0.07	-0.05	0.0	0.15	-0.04	-0.25	0.32	-0.01	0.1	-0.18
Cash And Short Term Investments	0.4	-0.17	-0.01	0.09	0.42	-0.22	-0.7	0.98	0.05	-0.14		0.59	-0.07	-0.06	-0.32	0.23	0.2	0.05	0.39	0.08	0.34	0.08	0.08	0.06	0.37	-0.06
Net Receivables	0.9	-0.35	0.45	0.56	0.87	-0.56	-0.21	0.57	0.22	-0.14	0.59		0.02	-0.31	-0.61	0.66	0.43	0.31	0.79	0.08	0.75	0.46	0.08	0.1	0.59	0.36
Common Stock Shares Outstanding	0.0	-0.02	0.22	0.44	0.01	-0.17	0.46	-0.14	0.3	-0.34	-0.07	0.02		-0.48	-0.52	-0.11	0.15	-0.02	-0.24	-0.2	-0.08	0.46	-0.2	0.13	-0.44	-0.03
Non Current Liabilities Total	-0.23	0.16	-0.36	-0.53	-0.4	0.37	-0.1	-0.1	0.12	0.11	-0.06	-0.31	-0.48		0.32	-0.41	-0.07	0.4	-0.34	0.49	-0.57	0.01	0.0	0.31	-0.26	-0.47
Inventory	-0.5	0.09	-0.26	-0.66	-0.4	0.51	-0.28	-0.33	-0.62	0.42	-0.32	-0.61	-0.52	0.32		-0.19	-0.68	-0.42	-0.18	-0.12	-0.18	-0.51	0.0	-0.31	0.08	-0.16
Other Current Assets	0.75	-0.44	0.33	0.57	0.76	-0.2	-0.25	0.2	-0.27	-0.06	0.23	0.66	-0.11	-0.41	-0.19		0.09	0.18	0.94	-0.26	0.87	0.29	-0.13	-0.34	0.87	0.84
Other Stockholder Equity	0.47	-0.18	0.35	0.52	0.29	-0.22	0.17	0.23	0.68	-0.07	0.2	0.43	0.15	-0.07	-0.68	0.09		0.63	0.13	0.5	-0.04	0.41	-0.21	0.49	-0.16	0.0
Total Liab	0.43	-0.06	0.41	0.54	0.12	0.02	0.25	0.0	0.44	-0.05	0.05	0.31	-0.02	0.4	-0.42	0.18	0.63		0.16	0.47	-0.17	0.65	-0.37	0.28	-0.09	0.13
Total Current Assets	0.84	-0.49	0.37	0.48	0.87	-0.28	-0.4	0.38	-0.17	0.0	0.39	0.79	-0.24	-0.34	-0.18	0.94	0.13	0.16		-0.12	0.92	0.27	-0.09	-0.18	0.9	0.67
Common Stock	0.26	-0.03	0.08	-0.02	0.12	0.27	-0.06	0.1	0.64	0.15	0.08	0.08	-0.2	0.49	-0.12	-0.26	0.5	0.47	-0.12		-0.35	0.09	-0.32	0.68	-0.31	-0.35
Retained Earnings	0.73	-0.45	0.33	0.39	0.86	-0.39	-0.34	0.34	-0.24	-0.04	0.34	0.75	-0.08	-0.57	-0.18	0.87	-0.04	-0.17	0.92	-0.35		0.15	0.12	-0.27	0.88	0.61
Accounts Payable	0.56	-0.14	0.51	0.63	0.38	-0.04	0.28	-0.03	0.47	-0.25	0.08	0.46	0.46	0.01	-0.51	0.29	0.41	0.65	0.27	0.09	0.15		-0.33	0.36	-0.03	0.11
Other Assets	-0.18	-0.06	-0.23	-0.41	-0.07	-0.38	-0.04	0.06	-0.23	0.32	0.08	0.08	-0.2	0.0	0.0	-0.13	-0.21	-0.37	-0.09	-0.32	0.12	-0.33		-0.19	0.18	-0.22
Other Liab	0.26	-0.09	0.04	-0.02	0.18	0.19	0.04	0.07	0.88	-0.01	0.06	0.1	0.13	0.31	-0.31	-0.34	0.49	0.28	-0.18	0.68	-0.27	0.36	-0.19		-0.43	-0.53
Net Tangible Assets	0.59	-0.41	0.1	0.16	0.68	-0.23	-0.55	0.36	-0.48	0.1	0.37	0.59	-0.44	-0.26	0.08	0.87	-0.16	-0.09	0.9	-0.31	0.88	-0.03	0.18	-0.43		0.64
Current Deferred Revenue	0.43	-0.09	0.14	0.58	0.43	-0.2	0.08	-0.07	-0.4	-0.18	-0.06	0.36	-0.03	-0.47	-0.16	0.84	0.0	0.13	0.67	-0.35	0.61	0.11	-0.22	-0.53	0.64

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Adroit Infotech Account Relationship Matchups

Adroit Infotech fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	173.3M	145.2M	175.1M	342.1M	479.2M	326.3M
Short Long Term Debt Total	56.7M	49.0M	18.0M	25.1M	34.5M	27.0M
Other Current Liab	45.2M	765K	29.4M	29.8M	32.5M	30.9M
Total Current Liabilities	109.4M	82.3M	46.2M	67.3M	64.1M	71.3M
Total Stockholder Equity	62.4M	62.4M	69.3M	198.5M	353.5M	226.6M
Property Plant And Equipment Net	23.9M	2.8M	12.3M	18.6M	16.0M	14.4M
Net Debt	56.7M	45.0M	17.9M	25.0M	17.9M	13.0M
Cash	34.1K	31.0K	29.2K	40K	16.6M	17.5M
Non Current Assets Total	123.7M	92.7M	108.1M	213.9M	317.0M	332.8M
Non Currrent Assets Other	182.5K	(0.2)	(4.0)	11.6M	3.6M	3.4M
Cash And Short Term Investments	339.0K	285.0K	650.6K	11.7M	16.6M	8.4M
Net Receivables	34.3M	44.6M	30.6M	88.9M	141.1M	84.6M
Liabilities And Stockholders Equity	173.3M	145.2M	175.1M	342.1M	479.2M	326.3M
Non Current Liabilities Total	1.5M	520.0K	59.7M	76.3M	61.7M	32.3M
Inventory	22.8M	13.8M	7.3M	35.8M	24.3M	0.95
Other Current Assets	28.4M	220.5K	1.0	24.3M	4.6M	4.3M
Total Liab	110.9M	82.8M	105.9M	143.6M	125.8M	99.7M
Total Current Assets	49.5M	52.4M	67.0M	128.2M	162.3M	162.7M
Accumulated Other Comprehensive Income	5.0M	5M	29.0M	29M	48.4M	50.8M
Retained Earnings	(149.3M)	(149.3M)	(142.4M)	(117.5M)	(78.3M)	(74.4M)
Accounts Payable	5.9M	4.0M	7.8M	17.4M	7.3M	6.4M
Other Assets	3.5M	(4.0)	1.0	3.7M	(1K)	(950.0)
Other Liab	1.5M	520.0K	2.7M	57.9M	66.6M	69.9M
Net Tangible Assets	(33.8M)	(24.2M)	(7.7M)	7.0M	6.3M	6.0M
Current Deferred Revenue	36.5M	20.7M	32.5M	928.0K	1.1M	1.0M
Short Long Term Debt	56.7M	4.0M	9.0M	15.7M	23.4M	17.0M
Short Term Debt	56.7M	45.0M	9.0M	24.7M	23.4M	26.6M
Intangible Assets	96.2M	86.6M	77.0M	77.7M	70.0M	57.6M
Property Plant Equipment	23.9M	2.8M	12.3M	18.6M	21.4M	11.4M
Short Term Investments	304.8K	254K	621.5K	11.6M	16.5M	10.4M
Cash And Equivalents	34.1K	31.0K	29.2K	40K	36K	46.6K
Net Invested Capital	119.1M	66.4M	87.2M	223.6M	383.6M	196.6M
Net Working Capital	(59.8M)	(29.8M)	20.9M	60.9M	102.0M	84.5M

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Balance Sheet is a snapshot of the financial position of Adroit Infotech at a specified time, usually calculated after every quarter, six months, or one year. Adroit Infotech Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Adroit Infotech and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Adroit currently owns. An asset can also be divided into two categories, current and non-current.

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Adroit Change To Account Receivables vs Free Cash Flow Analysis

Change To Account Receivables vs Free Cash Flow

Change To Account Receivables vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Change To Account Receivables

Free Cash Flow

Adroit Infotech fundamental ratios Correlations

Adroit Infotech Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Adroit Infotech fundamental ratios Accounts

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Other Information on Investing in Adroit Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 0.98	Cash
Total Stockholder Equity	+ 0.95	Total Assets
Total Current Assets	+ 0.94	Other Current Assets
Retained Earnings	+ 0.92	Total Current Assets
Net Receivables	+ 0.9	Total Assets
Net Tangible Assets	+ 0.9	Total Current Assets

Cash And Short Term Investments	- 0.7	Net Debt
Cash	- 0.7	Net Debt
Other Stockholder Equity	- 0.68	Inventory
Inventory	- 0.66	Total Current Liabilities
Inventory	- 0.62	Non Current Assets Total
Inventory	- 0.61	Net Receivables