Happiest Change To Inventory vs Depreciation Analysis

HAPPSTMNDS

730.10 5.55 0.77%

Happiest Minds financial indicator trend analysis is much more than just examining Happiest Minds Techn latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Happiest Minds Techn is a good investment. Please check the relationship between Happiest Minds Change To Inventory and its Depreciation accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Happiest Minds Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Change To Inventory vs Depreciation

Change To Inventory vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Happiest Minds Techn Change To Inventory account and Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Happiest Minds' Change To Inventory and Depreciation is -0.29. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Depreciation in the same time period over historical financial statements of Happiest Minds Technologies, assuming nothing else is changed. The correlation between historical values of Happiest Minds' Change To Inventory and Depreciation 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 Inventory of Happiest Minds Technologies are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Change To Inventory i.e., Happiest Minds' Change To Inventory and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.29

Relationship Direction	Negative
Relationship Strength	Insignificant

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Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Depreciation

Depreciation indicates how much of Happiest Minds Techn value has been used up. For tax purposes Happiest Minds can deduct the cost of the tangible assets it purchases as business expenses. However, Happiest Minds Technologies must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Most indicators from Happiest Minds' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Happiest Minds Techn 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Happiest Minds Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

At this time, Happiest Minds' Tax Provision is very stable compared to the past year. As of the 28th of November 2024, Issuance Of Capital Stock is likely to grow to about 5.1 B, while Selling General Administrative is likely to drop about 117.3 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	2.8B	3.1B	6.6B	6.9B
Cost Of Revenue	5.8B	8.1B	10.2B	10.7B

Total Operating Expenses Cost Of Revenue

Happiest Minds 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	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Term Debt
Total Assets		0.97	0.79	0.72	0.97	0.94	0.95	0.94	0.98	0.96	0.95	0.83	0.97	1.0	0.98	0.57	1.0	0.96	-0.03	0.91	0.95	0.9	1.0	0.93	0.77	0.64
Short Long Term Debt Total	0.97		0.83	0.81	0.91	0.98	0.99	0.89	0.97	0.91	0.99	0.73	0.95	0.96	0.97	0.61	0.96	0.99	0.0	0.96	0.86	0.95	0.95	0.97	0.76	0.74
Other Current Liab	0.79	0.83		0.87	0.7	0.71	0.81	0.7	0.86	0.82	0.8	0.37	0.77	0.77	0.87	0.79	0.76	0.82	-0.4	0.75	0.64	0.83	0.77	0.76	0.9	0.75
Total Current Liabilities	0.72	0.81	0.87		0.55	0.76	0.81	0.52	0.77	0.69	0.77	0.39	0.69	0.69	0.79	0.8	0.68	0.81	-0.21	0.73	0.55	0.92	0.69	0.72	0.68	0.98
Total Stockholder Equity	0.97	0.91	0.7	0.55		0.88	0.87	0.97	0.93	0.93	0.89	0.87	0.94	0.98	0.92	0.43	0.98	0.88	0.0	0.85	0.97	0.77	0.98	0.88	0.75	0.45
Property Plant And Equipment Net	0.94	0.98	0.71	0.76	0.88		0.98	0.87	0.92	0.83	0.97	0.78	0.93	0.93	0.92	0.5	0.93	0.97	0.2	0.96	0.84	0.92	0.92	0.96	0.63	0.72
Net Debt	0.95	0.99	0.81	0.81	0.87	0.98		0.87	0.95	0.86	0.99	0.7	0.93	0.93	0.95	0.59	0.94	0.99	0.06	0.96	0.82	0.95	0.92	0.97	0.73	0.76
Retained Earnings	0.94	0.89	0.7	0.52	0.97	0.87	0.87		0.92	0.9	0.9	0.78	0.89	0.95	0.89	0.33	0.95	0.88	0.02	0.86	0.88	0.74	0.93	0.91	0.79	0.41
Accounts Payable	0.98	0.97	0.86	0.77	0.93	0.92	0.95	0.92		0.95	0.94	0.74	0.93	0.97	0.99	0.59	0.97	0.95	-0.12	0.89	0.89	0.92	0.97	0.91	0.81	0.68
Cash	0.96	0.91	0.82	0.69	0.93	0.83	0.86	0.9	0.95		0.87	0.77	0.93	0.96	0.94	0.61	0.95	0.9	-0.22	0.83	0.92	0.85	0.96	0.84	0.82	0.59
Non Current Assets Total	0.95	0.99	0.8	0.77	0.89	0.97	0.99	0.9	0.94	0.87		0.7	0.94	0.94	0.94	0.53	0.94	0.99	0.07	0.97	0.83	0.92	0.92	0.99	0.76	0.7
Non Currrent Assets Other	0.83	0.73	0.37	0.39	0.87	0.78	0.7	0.78	0.74	0.77	0.7		0.8	0.85	0.73	0.26	0.85	0.7	0.27	0.69	0.92	0.64	0.86	0.68	0.39	0.36
Other Assets	0.97	0.95	0.77	0.69	0.94	0.93	0.93	0.89	0.93	0.93	0.94	0.8		0.96	0.95	0.57	0.96	0.94	0.06	0.94	0.93	0.87	0.95	0.93	0.72	0.61
Cash And Short Term Investments	1.0	0.96	0.77	0.69	0.98	0.93	0.93	0.95	0.97	0.96	0.94	0.85	0.96		0.97	0.54	1.0	0.94	-0.05	0.89	0.96	0.88	1.0	0.91	0.77	0.6
Net Receivables	0.98	0.97	0.87	0.79	0.92	0.92	0.95	0.89	0.99	0.94	0.94	0.73	0.95	0.97		0.67	0.97	0.95	-0.13	0.9	0.9	0.93	0.97	0.91	0.8	0.7
Common Stock Shares Outstanding	0.57	0.61	0.79	0.8	0.43	0.5	0.59	0.33	0.59	0.61	0.53	0.26	0.57	0.54	0.67		0.53	0.58	-0.5	0.51	0.49	0.73	0.57	0.46	0.56	0.76
Short Term Investments	1.0	0.96	0.76	0.68	0.98	0.93	0.94	0.95	0.97	0.95	0.94	0.85	0.96	1.0	0.97	0.53		0.94	-0.03	0.89	0.96	0.88	1.0	0.92	0.76	0.6
Non Current Liabilities Total	0.96	0.99	0.82	0.81	0.88	0.97	0.99	0.88	0.95	0.9	0.99	0.7	0.94	0.94	0.95	0.58	0.94		0.0	0.96	0.83	0.95	0.93	0.98	0.78	0.75
Inventory	-0.03	0.0	-0.4	-0.21	0.0	0.2	0.06	0.02	-0.12	-0.22	0.07	0.27	0.06	-0.05	-0.13	-0.5	-0.03	0.0		0.2	0.0	-0.09	-0.06	0.11	-0.46	-0.12
Other Current Assets	0.91	0.96	0.75	0.73	0.85	0.96	0.96	0.86	0.89	0.83	0.97	0.69	0.94	0.89	0.9	0.51	0.89	0.96	0.2		0.79	0.88	0.87	0.97	0.68	0.67
Other Stockholder Equity	0.95	0.86	0.64	0.55	0.97	0.84	0.82	0.88	0.89	0.92	0.83	0.92	0.93	0.96	0.9	0.49	0.96	0.83	0.0	0.79		0.77	0.97	0.8	0.65	0.47
Total Liab	0.9	0.95	0.83	0.92	0.77	0.92	0.95	0.74	0.92	0.85	0.92	0.64	0.87	0.88	0.93	0.73	0.88	0.95	-0.09	0.88	0.77		0.88	0.87	0.69	0.89
Total Current Assets	1.0	0.95	0.77	0.69	0.98	0.92	0.92	0.93	0.97	0.96	0.92	0.86	0.95	1.0	0.97	0.57	1.0	0.93	-0.06	0.87	0.97	0.88		0.89	0.75	0.61
Intangible Assets	0.93	0.97	0.76	0.72	0.88	0.96	0.97	0.91	0.91	0.84	0.99	0.68	0.93	0.91	0.91	0.46	0.92	0.98	0.11	0.97	0.8	0.87	0.89		0.76	0.64
Common Stock	0.77	0.76	0.9	0.68	0.75	0.63	0.73	0.79	0.81	0.82	0.76	0.39	0.72	0.77	0.8	0.56	0.76	0.78	-0.46	0.68	0.65	0.69	0.75	0.76		0.53
Short Term Debt	0.64	0.74	0.75	0.98	0.45	0.72	0.76	0.41	0.68	0.59	0.7	0.36	0.61	0.6	0.7	0.76	0.6	0.75	-0.12	0.67	0.47	0.89	0.61	0.64	0.53

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Happiest Minds Account Relationship Matchups

Happiest Minds fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.1B	9.2B	11.3B	16.4B	22.5B	23.6B
Short Long Term Debt Total	1.1B	1.9B	2.5B	5.3B	5.1B	5.4B
Other Current Liab	737.9M	831.5M	991.2M	1.2B	1.1B	628.2M
Total Current Liabilities	2.1B	2.8B	3.7B	5.8B	5.7B	2.9B
Total Stockholder Equity	2.7B	5.5B	6.7B	8.4B	14.8B	15.5B
Property Plant And Equipment Net	309.9M	223.3M	546.8M	1.9B	1.9B	2.0B
Net Debt	703.7M	1.1B	1.8B	4.6B	4.0B	4.2B
Retained Earnings	(559.7M)	1.1B	2.2B	3.9B	5.5B	5.8B
Accounts Payable	344.2M	410.1M	607.2M	705.2M	791.5M	831.1M
Cash	435.3M	858.3M	672.9M	699.9M	1.1B	1.2B
Non Current Assets Total	630.1M	1.8B	2.0B	5.7B	4.7B	4.9B
Other Assets	232M	316.6M	209.2M	493.3M	567.3M	595.7M
Cash And Short Term Investments	2.3B	5.1B	6.2B	8.1B	12.3B	12.9B
Net Receivables	1.6B	1.9B	2.7B	3.5B	3.9B	4.1B
Common Stock Shares Outstanding	133.7M	141.9M	144.4M	144.3M	148.5M	122.8M
Short Term Investments	1.9B	4.2B	5.5B	7.4B	11.1B	11.7B
Liabilities And Stockholders Equity	5.1B	9.2B	11.3B	16.4B	22.5B	23.6B
Non Current Liabilities Total	311.8M	971.7M	922M	2.3B	2.0B	2.1B
Inventory	(835.1M)	(3.9B)	(4.6B)	(36.3M)	31.9M	33.5M
Other Current Assets	566.7M	574.9M	311.6M	2.0B	1.6B	1.7B
Other Stockholder Equity	2.8B	4.0B	4.1B	4.2B	9.0B	9.5B
Total Liab	2.4B	3.8B	4.6B	8.0B	7.7B	8.1B
Total Current Assets	4.5B	7.4B	9.3B	10.7B	17.8B	18.7B
Accumulated Other Comprehensive Income	2.3B	75.8M	74.8M	39.6M	(32.3M)	(30.7M)
Intangible Assets	8.8M	296.6M	243.1M	1.0B	780.8M	819.8M
Common Stock	87.9M	283.7M	285.4M	286.6M	298.7M	151.2M
Short Term Debt	952.7M	1.4B	1.9B	3.7B	3.6B	2.0B
Other Liab	125.5M	483.3M	337.7M	581.8M	669.1M	702.5M
Net Tangible Assets	2.2B	4.4B	5.6B	6.0B	6.9B	7.2B
Property Plant Equipment	309.9M	223.3M	546.8M	1.9B	2.2B	2.3B
Current Deferred Revenue	(952.7M)	745.7M	907.1M	1.1B	182.5M	335.0M
Long Term Debt	13.2M	366.1M	172.4M	1.1B	1.0B	1.1B
Good Will	61M	764.4M	789.6M	1.4B	1.4B	766.7M
Capital Lease Obligations	354.7M	264.5M	591.1M	662M	698.2M	566.0M
Net Invested Capital	3.1B	6.9B	8.6B	13.1B	19.2B	20.2B
Short Long Term Debt	771.1M	1.1B	1.7B	3.5B	3.4B	1.9B
Net Working Capital	2.3B	4.7B	5.6B	5.0B	12.1B	12.7B
Capital Stock	87.9M	283.7M	285.4M	286.6M	298.7M	238.7M

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Other Information on Investing in Happiest Stock

Balance Sheet is a snapshot of the financial position of Happiest Minds Techn at a specified time, usually calculated after every quarter, six months, or one year. Happiest Minds Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Happiest Minds 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 Happiest currently owns. An asset can also be divided into two categories, current and non-current.

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Happiest Change To Inventory vs Depreciation Analysis

Change To Inventory vs Depreciation

Change To Inventory vs Depreciation Correlation Analysis

Correlation Coefficient

Change To Inventory

Depreciation

Happiest Minds fundamental ratios Correlations

Happiest Minds Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Happiest Minds fundamental ratios Accounts

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Other Information on Investing in Happiest Stock

COMMON DESTINATIONS

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COMPANY

Cash And Short Term Investments	+ 1.0	Total Assets
Short Term Investments	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Short Term Investments	+ 1.0	Cash And Short Term Investments
Total Current Assets	+ 1.0	Cash And Short Term Investments
Total Current Assets	+ 1.0	Short Term Investments

Inventory	- 0.5	Common Stock Shares Outstanding
Common Stock	- 0.46	Inventory
Inventory	- 0.4	Other Current Liab
Inventory	- 0.22	Cash
Inventory	- 0.21	Total Current Liabilities
Inventory	- 0.13	Net Receivables