AstraZeneca Net Invested Capital vs Good Will Analysis

AZN Stock

USD 64.26 1.06 1.68%

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 Net Invested Capital and its Good Will 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 nation.

Net Invested Capital vs Good Will

Net Invested Capital vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AstraZeneca PLC ADR Net Invested Capital account and Good Will. At this time, the significance of the direction appears to have very strong relationship.

The correlation between AstraZeneca PLC's Net Invested Capital and Good Will is 0.82. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Good Will 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 Net Invested Capital and Good Will 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 Invested Capital of AstraZeneca PLC ADR are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Net Invested Capital i.e., AstraZeneca PLC's Net Invested Capital and Good Will go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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.

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 nation.

At this time, AstraZeneca PLC's Tax Provision is very stable compared to the past year. As of the 22nd of November 2024, Enterprise Value is likely to grow to about 218.7 B, while Selling General Administrative is likely to drop about 187.2 M.

	2021	2022	2023	2024 (projected)
Interest Expense	1.3B	1.3B	1.6B	1.7B
Depreciation And Amortization	4.1B	5.3B	4.9B	5.2B

Interest Expense Depreciation And Amortization

AstraZeneca PLC 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	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Total Liab	Total Current Assets	Short Term Debt	Other Stockholder Equity	Capital Stock	Common Stock	Other Assets	Intangible Assets	Other Liab
Total Assets		0.94	0.85	0.95	0.9	0.83	0.85	-0.24	-0.25	0.33	0.99	-0.08	0.18	0.91	-0.36	0.85	0.84	0.96	0.69	0.83	0.93	0.74	0.74	0.91	0.96	0.43
Short Long Term Debt Total	0.94		0.72	0.88	0.77	0.84	0.97	-0.52	-0.36	0.09	0.97	-0.32	-0.08	0.78	-0.49	0.9	0.89	0.96	0.53	0.82	0.86	0.72	0.72	0.96	0.95	0.48
Other Current Liab	0.85	0.72		0.85	0.85	0.6	0.6	0.07	-0.27	0.43	0.8	0.09	0.34	0.82	-0.2	0.59	0.6	0.75	0.67	0.77	0.85	0.55	0.55	0.68	0.77	0.23
Total Current Liabilities	0.95	0.88	0.85		0.87	0.77	0.78	-0.18	-0.23	0.34	0.93	-0.05	0.22	0.91	-0.31	0.72	0.71	0.9	0.64	0.91	0.88	0.64	0.64	0.87	0.88	0.3
Total Stockholder Equity	0.9	0.77	0.85	0.87		0.63	0.65	-0.03	-0.37	0.41	0.85	0.0	0.31	0.84	-0.22	0.55	0.75	0.74	0.76	0.81	0.97	0.69	0.69	0.7	0.82	0.08
Property Plant And Equipment Net	0.83	0.84	0.6	0.77	0.63		0.76	-0.38	-0.21	0.37	0.83	-0.1	0.2	0.84	-0.26	0.85	0.75	0.88	0.75	0.61	0.66	0.88	0.88	0.88	0.8	0.57
Net Debt	0.85	0.97	0.6	0.78	0.65	0.76		-0.67	-0.4	-0.15	0.9	-0.44	-0.31	0.64	-0.53	0.86	0.86	0.89	0.34	0.78	0.79	0.65	0.65	0.91	0.9	0.48
Retained Earnings	-0.24	-0.52	0.07	-0.18	-0.03	-0.38	-0.67		0.51	0.56	-0.34	0.75	0.71	0.0	0.55	-0.45	-0.51	-0.36	0.15	-0.34	-0.21	-0.38	-0.38	-0.47	-0.37	-0.28
Accounts Payable	-0.25	-0.36	-0.27	-0.23	-0.37	-0.21	-0.4	0.51		0.16	-0.24	0.57	0.27	-0.05	0.36	-0.08	-0.51	-0.15	-0.19	-0.41	-0.37	-0.37	-0.37	-0.33	-0.23	0.29
Cash	0.33	0.09	0.43	0.34	0.41	0.37	-0.15	0.56	0.16		0.22	0.5	0.92	0.56	0.18	0.15	0.08	0.25	0.77	0.08	0.23	0.35	0.35	0.15	0.16	0.04
Non Current Assets Total	0.99	0.97	0.8	0.93	0.85	0.83	0.9	-0.34	-0.24	0.22		-0.16	0.05	0.86	-0.44	0.89	0.84	0.97	0.6	0.83	0.91	0.72	0.72	0.91	0.99	0.51
Non Currrent Assets Other	-0.08	-0.32	0.09	-0.05	0.0	-0.1	-0.44	0.75	0.57	0.5	-0.16		0.76	0.22	0.82	-0.19	-0.36	-0.14	0.29	-0.17	-0.11	-0.12	-0.12	-0.23	-0.2	-0.03
Cash And Short Term Investments	0.18	-0.08	0.34	0.22	0.31	0.2	-0.31	0.71	0.27	0.92	0.05	0.76		0.48	0.54	-0.03	-0.09	0.08	0.69	-0.01	0.11	0.18	0.18	0.01	-0.02	-0.11
Common Stock Shares Outstanding	0.91	0.78	0.82	0.91	0.84	0.84	0.64	0.0	-0.05	0.56	0.86	0.22	0.48		-0.06	0.71	0.6	0.86	0.82	0.76	0.81	0.75	0.75	0.77	0.82	0.38
Short Term Investments	-0.36	-0.49	-0.2	-0.31	-0.22	-0.26	-0.53	0.55	0.36	0.18	-0.44	0.82	0.54	-0.06		-0.44	-0.45	-0.42	0.1	-0.33	-0.32	-0.22	-0.22	-0.39	-0.47	-0.3
Non Current Liabilities Total	0.85	0.9	0.59	0.72	0.55	0.85	0.86	-0.45	-0.08	0.15	0.89	-0.19	-0.03	0.71	-0.44		0.8	0.95	0.46	0.55	0.65	0.65	0.65	0.88	0.9	0.79
Inventory	0.84	0.89	0.6	0.71	0.75	0.75	0.86	-0.51	-0.51	0.08	0.84	-0.36	-0.09	0.6	-0.45	0.8		0.82	0.56	0.61	0.79	0.71	0.71	0.88	0.83	0.35
Total Liab	0.96	0.96	0.75	0.9	0.74	0.88	0.89	-0.36	-0.15	0.25	0.97	-0.14	0.08	0.86	-0.42	0.95	0.82		0.58	0.76	0.81	0.69	0.69	0.95	0.96	0.62
Total Current Assets	0.69	0.53	0.67	0.64	0.76	0.75	0.34	0.15	-0.19	0.77	0.6	0.29	0.69	0.82	0.1	0.46	0.56	0.58		0.45	0.65	0.81	0.81	0.56	0.55	0.15
Short Term Debt	0.83	0.82	0.77	0.91	0.81	0.61	0.78	-0.34	-0.41	0.08	0.83	-0.17	-0.01	0.76	-0.33	0.55	0.61	0.76	0.45		0.86	0.58	0.58	0.75	0.8	0.13
Other Stockholder Equity	0.93	0.86	0.85	0.88	0.97	0.66	0.79	-0.21	-0.37	0.23	0.91	-0.11	0.11	0.81	-0.32	0.65	0.79	0.81	0.65	0.86		0.71	0.71	0.76	0.9	0.19
Capital Stock	0.74	0.72	0.55	0.64	0.69	0.88	0.65	-0.38	-0.37	0.35	0.72	-0.12	0.18	0.75	-0.22	0.65	0.71	0.69	0.81	0.58	0.71		1.0	0.68	0.72	0.38
Common Stock	0.74	0.72	0.55	0.64	0.69	0.88	0.65	-0.38	-0.37	0.35	0.72	-0.12	0.18	0.75	-0.22	0.65	0.71	0.69	0.81	0.58	0.71	1.0		0.68	0.72	0.38
Other Assets	0.91	0.96	0.68	0.87	0.7	0.88	0.91	-0.47	-0.33	0.15	0.91	-0.23	0.01	0.77	-0.39	0.88	0.88	0.95	0.56	0.75	0.76	0.68	0.68		0.88	0.47
Intangible Assets	0.96	0.95	0.77	0.88	0.82	0.8	0.9	-0.37	-0.23	0.16	0.99	-0.2	-0.02	0.82	-0.47	0.9	0.83	0.96	0.55	0.8	0.9	0.72	0.72	0.88		0.56
Other Liab	0.43	0.48	0.23	0.3	0.08	0.57	0.48	-0.28	0.29	0.04	0.51	-0.03	-0.11	0.38	-0.3	0.79	0.35	0.62	0.15	0.13	0.19	0.38	0.38	0.47	0.56

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AstraZeneca PLC Account Relationship Matchups

AstraZeneca PLC fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	61.4B	66.7B	105.4B	96.5B	101.1B	106.2B
Short Long Term Debt Total	18.2B	20.4B	30.8B	29.2B	28.6B	30.1B
Other Current Liab	2.1B	12.8B	14.9B	16.2B	18.7B	19.6B
Total Current Liabilities	18.1B	20.3B	22.6B	26.3B	30.5B	32.1B
Total Stockholder Equity	13.1B	15.6B	39.3B	37.0B	39.1B	41.1B
Property Plant And Equipment Net	8.3B	8.9B	10.2B	9.4B	10.5B	6.8B
Net Debt	12.9B	12.5B	24.5B	23.1B	22.8B	23.9B
Retained Earnings	2.8B	5.3B	1.7B	(574M)	4.5B	8.5B
Accounts Payable	14.0B	2.4B	2.8B	2.6B	3.3B	6.1B
Cash	5.4B	7.8B	6.3B	6.2B	5.8B	4.7B
Non Current Assets Total	45.8B	47.2B	79.1B	73.9B	76.1B	79.9B
Non Currrent Assets Other	1.7B	1.1B	1.1B	1.1B	931M	1.4B
Cash And Short Term Investments	6.2B	8.0B	6.4B	6.4B	5.9B	5.8B
Common Stock Shares Outstanding	2.6B	2.6B	2.9B	3.1B	3.1B	2.9B
Liabilities And Stockholders Equity	61.4B	66.7B	105.4B	96.5B	101.1B	106.2B
Non Current Liabilities Total	28.7B	30.8B	43.5B	33.1B	31.4B	33.0B
Inventory	3.2B	4.0B	9.0B	4.7B	5.4B	5.7B
Total Liab	46.8B	51.1B	66.1B	59.4B	62.0B	65.1B
Total Current Assets	15.6B	19.5B	26.2B	22.6B	25.1B	15.3B
Short Term Debt	2.0B	2.4B	2.9B	6.5B	6.4B	6.7B
Other Stockholder Equity	8.4B	8.0B	35.1B	35.2B	35.2B	36.9B
Other Assets	3.5B	4.3B	5.3B	4.2B	4.8B	5.0B
Intangible Assets	20.8B	20.9B	42.4B	39.3B	38.1B	40.0B
Other Liab	10.3B	10.5B	13.0B	8.5B	9.8B	6.7B
Long Term Debt	15.7B	17.5B	28.1B	23.0B	22.4B	11.3B
Good Will	11.7B	11.8B	20.0B	19.8B	20.0B	21.1B
Other Current Assets	971M	1.9B	4.8B	4.4B	5.4B	5.3B
Property Plant Equipment	8.3B	8.9B	10.2B	9.4B	10.9B	7.9B
Current Deferred Revenue	28M	1.6B	1.0B	181M	149M	156.5M
Net Receivables	5.2B	5.7B	8.8B	9.9B	8.4B	4.5B
Property Plant And Equipment Gross	8.3B	8.9B	10.2B	9.4B	19.1B	20.1B
Accumulated Other Comprehensive Income	1.6B	1.6B	1.6B	1.6B	(949M)	(996.5M)
Noncontrolling Interest In Consolidated Entity	1.6B	1.5B	16M	21M	23M	21.9M
Additional Paid In Capital	8.1B	8.1B	35.3B	35.3B	35.3B	37.1B
Net Tangible Assets	(19.4B)	(17.2B)	(23.1B)	(22.1B)	(19.9B)	(20.9B)

Pair Trading with AstraZeneca PLC

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AstraZeneca PLC position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AstraZeneca PLC will appreciate offsetting losses from the drop in the long position's value.

Moving together with AstraZeneca Stock

0.76	ME	23Andme Holding	Pair Corr
0.87	VALN	Valneva SE ADR Downward Rally	Pair Corr

Moving against AstraZeneca Stock

0.81	VERA	Vera Therapeutics	Pair Corr
0.73	SABSW	SAB Biotherapeutics	Pair Corr
0.71	DRUG	Bright Minds Biosciences	Pair Corr
0.68	DVAX	Dynavax Technologies	Pair Corr
0.64	DSGN	Design Therapeutics	Pair Corr

The ability to find closely correlated positions to AstraZeneca PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AstraZeneca PLC when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AstraZeneca PLC - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AstraZeneca PLC ADR to buy it.

The correlation of AstraZeneca PLC is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AstraZeneca PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AstraZeneca PLC ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for AstraZeneca PLC can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether AstraZeneca PLC ADR offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AstraZeneca PLC's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Astrazeneca Plc Adr Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Astrazeneca Plc Adr Stock:

How To Invest In AstraZeneca

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Is AstraZeneca Stock a good investment?

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What is AstraZeneca PLC's Net Worth?

Details

Largest Pharmaceuticals Companies

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Largest Pharmaceuticals, Biotechnology & Life Sciences Companies

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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 nation.

You can also try the Stocks Directory module to find actively traded stocks across global markets.

Is Pharmaceuticals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AstraZeneca PLC. If investors know AstraZeneca will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AstraZeneca PLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.034

Dividend Share

2.97

Earnings Share

2.07

Revenue Per Share

2.7424

Quarterly Revenue Growth

0.18

The market value of AstraZeneca PLC ADR is measured differently than its book value, which is the value of AstraZeneca that is recorded on the company's balance sheet. Investors also form their own opinion of AstraZeneca PLC's value that differs from its market value or its book value, called intrinsic value, which is AstraZeneca PLC's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AstraZeneca PLC's market value can be influenced by many factors that don't directly affect AstraZeneca PLC's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between AstraZeneca PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if AstraZeneca PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AstraZeneca PLC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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AstraZeneca Net Invested Capital vs Good Will Analysis

Net Invested Capital vs Good Will

Net Invested Capital vs Good Will Correlation Analysis

Correlation Coefficient

Net Invested Capital

Good Will

AstraZeneca PLC fundamental ratios Correlations

AstraZeneca PLC Account Relationship Matchups

High Positive Relationship

High Negative Relationship

AstraZeneca PLC fundamental ratios Accounts

Pair Trading with AstraZeneca PLC

Moving together with AstraZeneca Stock

Moving against AstraZeneca Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Capital Stock
Non Current Assets Total	+ 0.99	Total Assets
Intangible Assets	+ 0.99	Non Current Assets Total
Net Debt	+ 0.97	Short Long Term Debt Total
Non Current Assets Total	+ 0.97	Short Long Term Debt Total
Other Stockholder Equity	+ 0.97	Total Stockholder Equity

Retained Earnings	- 0.67	Net Debt
Short Term Investments	- 0.53	Net Debt
Retained Earnings	- 0.52	Short Long Term Debt Total
Inventory	- 0.51	Accounts Payable
Inventory	- 0.51	Retained Earnings
Short Term Investments	- 0.49	Short Long Term Debt Total