Youdao Accounts Payable vs Other Assets Analysis
| DAO Stock | USD 6.11 0.81 15.28% |
Youdao financial indicator trend analysis is more than just analyzing Youdao Inc current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Youdao Inc is a good investment. Please check the relationship between Youdao Accounts Payable and its Other Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Youdao 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 nation.
Accounts Payable vs Other Assets
Accounts Payable vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Youdao Inc Accounts Payable account and Other Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Youdao's Accounts Payable and Other Assets is 0.68. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Assets in the same time period over historical financial statements of Youdao Inc, assuming nothing else is changed. The correlation between historical values of Youdao's Accounts Payable and Other 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 Accounts Payable of Youdao Inc are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Accounts Payable i.e., Youdao's Accounts Payable and Other Assets go up and down completely randomly.
Correlation Coefficient | 0.68 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Youdao obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Youdao Inc are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Other Assets
Most indicators from Youdao's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Youdao 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Youdao 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 nation. At this time, Youdao's Tax Provision is very stable compared to the past year. As of the 26th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.05, while Discontinued Operations is likely to drop (5.8 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.0B | 2.6B | 2.8B | 1.5B | Total Revenue | 4.0B | 5.0B | 5.4B | 3.2B |
Youdao fundamental ratios Correlations
Click cells to compare fundamentals
Youdao Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Youdao fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 2.1B | 2.1B | 2.6B | 2.3B | 1.7B | 1.8B | |
| Short Long Term Debt Total | 899.2M | 957.7M | 1.2B | 1.4B | 1.6B | 1.2B | |
| Other Current Liab | 361.2M | 2.2B | 798.0M | 867.0M | 1.2B | 911.7M | |
| Total Current Liabilities | 1.8B | 3.4B | 3.0B | 3.2B | 3.1B | 2.7B | |
| Total Stockholder Equity | 300.1M | (1.4B) | (807.1M) | (1.5B) | (2.2B) | (2.1B) | |
| Other Liab | 5.5M | 4.0M | 81.0M | 73.4M | 84.4M | 88.6M | |
| Net Tangible Assets | 300.1M | (1.4B) | (807.1M) | (1.6B) | (1.5B) | (1.4B) | |
| Property Plant And Equipment Net | 48.4M | 151.5M | 198.4M | 170.5M | 159.9M | 119.5M | |
| Current Deferred Revenue | 456.8M | 1.4B | 1.1B | 1.1B | 1.1B | 841.5M | |
| Net Debt | 725.9M | 348.5M | 883.3M | 660.4M | 1.1B | 854.0M | |
| Retained Earnings | (1.9B) | (3.7B) | (4.7B) | (5.4B) | (5.9B) | (5.7B) | |
| Accounts Payable | 62.7M | 208.5M | 244.0M | 351.2M | 241.4M | 182.7M | |
| Cash | 173.3M | 609.2M | 322.8M | 783.6M | 454.5M | 381.1M | |
| Non Current Assets Total | 56.6M | 218.7M | 364.4M | 406.2M | 366.2M | 228.4M | |
| Non Currrent Assets Other | 6.1M | 24.7M | 166.0M | 35.0M | 45.0M | 45.0M | |
| Other Assets | 8.1M | 67.2M | 166.0M | 35.0M | 40.3M | 52.4M | |
| Cash And Short Term Investments | 1.6B | 1.2B | 826.9M | 1.0B | 526.7M | 889.4M | |
| Net Receivables | 215.6M | 272.9M | 254.5M | 413.0M | 380.1M | 268.2M | |
| Short Term Investments | 1.4B | 585.3M | 504.1M | 232.4M | 72.1M | 68.5M | |
| Liabilities And Stockholders Equity | 2.1B | 2.1B | 2.6B | 2.3B | 1.7B | 1.8B | |
| Non Current Liabilities Total | 26.7M | 83.8M | 330.5M | 574.8M | 696.0M | 730.8M | |
| Capital Surpluse | 138.0M | 2.2B | 2.3B | 3.9B | 4.5B | 4.7B | |
| Capital Lease Obligations | 25.4M | 79.7M | 73.1M | 43.6M | 88.2M | 48.7M | |
| Inventory | 73.2M | 148.7M | 255.4M | 232.3M | 217.1M | 149.6M | |
| Other Current Assets | 120.9M | 265.2M | 932.8M | 208.7M | 176.1M | 269.0M | |
| Other Stockholder Equity | 2.2B | 2.3B | 3.9B | 4.0B | 3.9B | 2.6B | |
| Total Liab | 1.8B | 3.5B | 3.4B | 3.8B | 3.8B | 3.0B | |
| Net Invested Capital | 1.2B | (530.1M) | 326.0M | (134.7M) | (678.4M) | (644.5M) | |
| Property Plant And Equipment Gross | 48.4M | 151.5M | 198.4M | 170.5M | 281.8M | 295.9M | |
| Total Current Assets | 2.0B | 1.9B | 2.3B | 1.9B | 1.3B | 1.6B | |
| Accumulated Other Comprehensive Income | (12.7M) | (44.1M) | (49.9M) | (87.4M) | (100.5M) | (95.5M) | |
| Non Current Liabilities Other | 5.5M | 4.0M | 2.4M | 8.8M | 16.3M | 17.1M | |
| Cash And Equivalents | 173.3M | 609.2M | 322.8M | 783.6M | 901.2M | 946.2M | |
| Net Working Capital | 271.2M | (1.5B) | (764.3M) | (1.3B) | (1.8B) | (1.7B) |
Pair Trading with Youdao
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 Youdao 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 Youdao will appreciate offsetting losses from the drop in the long position's value.Moving together with Youdao Stock
Moving against Youdao Stock
The ability to find closely correlated positions to Youdao could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Youdao 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 Youdao - 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 Youdao Inc to buy it.
The correlation of Youdao 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 Youdao moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Youdao Inc 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 Youdao 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Youdao 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 nation. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Is Diversified Consumer Services 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 Youdao. If investors know Youdao 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 Youdao 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 3.683 | Earnings Share 0.06 | Revenue Per Share 48.125 | Quarterly Revenue Growth 0.095 | Return On Assets (0.01) |
The market value of Youdao Inc is measured differently than its book value, which is the value of Youdao that is recorded on the company's balance sheet. Investors also form their own opinion of Youdao's value that differs from its market value or its book value, called intrinsic value, which is Youdao'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 Youdao's market value can be influenced by many factors that don't directly affect Youdao'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 Youdao's value and its price as these two are different measures arrived at by different means. Investors typically determine if Youdao is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Youdao'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.