Nazara Common Stock vs Inventory Analysis
NAZARA Stock | 920.05 12.35 1.36% |
Nazara Technologies financial indicator trend analysis is infinitely more than just investigating Nazara Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nazara Technologies is a good investment. Please check the relationship between Nazara Technologies Common Stock and its Inventory accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nazara Technologies 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 metropolitan statistical area.
Common Stock vs Inventory
Common Stock vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nazara Technologies Common Stock account and Inventory. At this time, the significance of the direction appears to have no relationship.
The correlation between Nazara Technologies' Common Stock and Inventory is 0.05. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Inventory in the same time period over historical financial statements of Nazara Technologies Limited, assuming nothing else is changed. The correlation between historical values of Nazara Technologies' Common Stock and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Nazara Technologies Limited are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Common Stock i.e., Nazara Technologies' Common Stock and Inventory go up and down completely randomly.
Correlation Coefficient | 0.05 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Common Stock
Inventory
Most indicators from Nazara Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nazara Technologies 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nazara Technologies 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 metropolitan statistical area. At present, Nazara Technologies' Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 7.9 B, whereas Tax Provision is forecasted to decline to about 131 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.8B | 6.4B | 6.7B | 7.0B | Total Revenue | 6.2B | 10.9B | 11.4B | 12.0B |
Nazara Technologies fundamental ratios Correlations
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Nazara Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nazara Technologies fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 7.8B | 10.2B | 14.1B | 17.0B | 27.6B | 29.0B | |
Other Current Liab | 448.4M | 1.4B | 689M | 1.5B | 981.1M | 529.3M | |
Total Current Liabilities | 1.4B | 2.1B | 1.7B | 3.3B | 3.8B | 4.0B | |
Total Stockholder Equity | 5.1B | 6.6B | 10.4B | 11.0B | 20.0B | 21.0B | |
Property Plant And Equipment Net | 108.8M | 38.6M | 77M | 148M | 231.2M | 242.8M | |
Net Debt | (640.5M) | (1.4B) | (1.9B) | (1.0B) | (5.4B) | (5.1B) | |
Retained Earnings | 1.8B | 2.2B | 1.3B | 1.4B | 2.4B | 1.7B | |
Accounts Payable | 692.7M | 610M | 499M | 767M | 2.4B | 2.5B | |
Cash | 720.9M | 1.4B | 1.9B | 1.4B | 5.7B | 6.0B | |
Non Current Assets Total | 4.0B | 3.4B | 4.9B | 7.0B | 8.6B | 9.1B | |
Non Currrent Assets Other | 177.1M | 260.2M | 306M | 200M | 6.5B | 6.8B | |
Other Assets | 199.7M | 306.8M | 363M | 237M | 600K | 570K | |
Cash And Short Term Investments | 2.2B | 4.8B | 7.2B | 7.5B | 15.0B | 15.8B | |
Net Receivables | 1.1B | 993M | 1.5B | 1.9B | 2.7B | 2.9B | |
Common Stock Shares Outstanding | 55.5M | 58.9M | 63.0M | 66.0M | 69.3M | 64.3M | |
Short Term Investments | 1.5B | 3.4B | 5.2B | 6.1B | 6.4B | 6.7B | |
Liabilities And Stockholders Equity | 7.8B | 10.2B | 14.1B | 17.0B | 27.6B | 29.0B | |
Inventory | (291.8M) | (991M) | 13M | 246M | 21.1M | 22.2M | |
Other Current Assets | 503.8M | 295.2M | 684M | 442.8M | 1.2B | 1.2B | |
Other Stockholder Equity | 1.8B | 3.6B | 8.2B | (1.6B) | 16.4B | 17.2B | |
Total Liab | 1.9B | 2.4B | 2.1B | 3.9B | 4.3B | 4.5B | |
Total Current Assets | 3.8B | 6.8B | 9.2B | 10.0B | 19.0B | 19.9B | |
Accumulated Other Comprehensive Income | 1.3B | 682.3M | 759M | 807M | 885.1M | 522.8M | |
Intangible Assets | 1.8B | 1.3B | 1.5B | 2.3B | 1.9B | 2.0B | |
Common Stock | 112.0M | 121.8M | 130M | 265M | 306.2M | 321.5M | |
Current Deferred Revenue | (110.3M) | 1.2B | 795M | 1.5B | 213.2M | 202.5M | |
Non Current Liabilities Total | 435.5M | 301.6M | 384M | 508M | 450.5M | 319.5M | |
Short Term Debt | (56.0M) | 11M | 66M | 330M | 150.1M | 85.3M | |
Short Long Term Debt Total | 80.4M | 13.1M | 43M | 382M | 277M | 161.2M | |
Good Will | 1.6B | 1.7B | 2.6B | 3.4B | 3.9B | 2.3B | |
Capital Lease Obligations | 80.4M | 13.1M | 43M | 78M | 184.2M | 98.8M | |
Net Invested Capital | 5.1B | 6.6B | 10.4B | 11.4B | 20.1B | 21.1B | |
Net Working Capital | 2.4B | 4.7B | 7.4B | 6.6B | 15.2B | 15.9B | |
Capital Stock | 112.0M | 121.8M | 130M | 265M | 306.2M | 191.6M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Nazara Stock
Balance Sheet is a snapshot of the financial position of Nazara Technologies at a specified time, usually calculated after every quarter, six months, or one year. Nazara Technologies Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Nazara Technologies 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 Nazara currently owns. An asset can also be divided into two categories, current and non-current.