Neurocrine Net Receivables vs Total Assets Analysis

NBIX Stock  USD 127.11  1.46  1.16%   
Neurocrine Biosciences financial indicator trend analysis is infinitely more than just investigating Neurocrine Biosciences recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Neurocrine Biosciences is a good investment. Please check the relationship between Neurocrine Biosciences Net Receivables and its Total Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neurocrine Biosciences. 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.
For more information on how to buy Neurocrine Stock please use our How to Invest in Neurocrine Biosciences guide.

Net Receivables vs Total Assets

Net Receivables vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Neurocrine Biosciences Net Receivables account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Neurocrine Biosciences' Net Receivables and Total Assets is 0.97. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Assets in the same time period over historical financial statements of Neurocrine Biosciences, assuming nothing else is changed. The correlation between historical values of Neurocrine Biosciences' Net Receivables and Total 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 Net Receivables of Neurocrine Biosciences are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Receivables i.e., Neurocrine Biosciences' Net Receivables and Total Assets go up and down completely randomly.

Correlation Coefficient

0.97
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Receivables

Total Assets

Total assets refers to the total amount of Neurocrine Biosciences assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Neurocrine Biosciences books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Neurocrine Biosciences' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Neurocrine Biosciences 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 Neurocrine Biosciences. 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.
For more information on how to buy Neurocrine Stock please use our How to Invest in Neurocrine Biosciences guide.At this time, Neurocrine Biosciences' Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 63.8 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 22.9 M in 2024.

Neurocrine Biosciences fundamental ratios Correlations

0.190.960.90.990.970.390.470.980.460.990.860.950.970.450.680.630.90.960.940.990.570.870.930.210.79
0.190.170.350.110.20.39-0.570.210.080.160.020.310.10.590.190.390.460.340.180.220.60.090.30.210.03
0.960.170.940.970.940.380.560.970.390.950.830.890.980.370.50.630.820.890.920.950.640.880.880.140.78
0.90.350.940.880.910.580.420.950.230.880.810.860.920.370.410.80.80.890.890.910.850.740.890.230.6
0.990.110.970.880.960.320.540.980.430.980.880.920.990.410.620.550.880.910.940.970.520.870.90.210.8
0.970.20.940.910.960.370.570.990.340.980.910.860.960.290.590.620.810.911.00.920.60.810.860.190.74
0.390.390.380.580.320.37-0.030.43-0.370.360.340.410.380.210.210.780.40.50.360.410.740.130.410.38-0.18
0.47-0.570.560.420.540.57-0.030.540.010.530.610.230.58-0.450.020.180.060.30.580.390.080.480.27-0.110.44
0.980.210.970.950.980.990.430.540.340.980.90.90.980.340.560.670.840.930.980.950.650.840.90.210.73
0.460.080.390.230.430.34-0.370.010.340.420.10.550.330.520.660.090.50.490.280.49-0.020.630.49-0.270.84
0.990.160.950.880.980.980.360.530.980.420.860.90.960.370.670.580.860.940.970.950.530.860.860.160.78
0.860.020.830.810.880.910.340.610.90.10.860.740.920.150.390.460.690.750.930.820.490.630.760.430.55
0.950.310.890.860.920.860.410.230.90.550.90.740.90.630.730.660.960.950.830.980.610.830.980.260.76
0.970.10.980.920.990.960.380.580.980.330.960.920.90.350.520.590.840.890.950.960.590.830.90.270.74
0.450.590.370.370.410.290.21-0.450.340.520.370.150.630.350.510.240.740.50.250.520.320.390.570.310.39
0.680.190.50.410.620.590.210.020.560.660.670.390.730.520.510.40.720.780.560.680.160.640.630.070.63
0.630.390.630.80.550.620.780.180.670.090.580.460.660.590.240.40.550.750.60.660.90.440.710.10.29
0.90.460.820.80.880.810.40.060.840.50.860.690.960.840.740.720.550.910.780.930.570.750.910.310.69
0.960.340.890.890.910.910.50.30.930.490.940.750.950.890.50.780.750.910.890.960.660.830.920.20.73
0.940.180.920.890.941.00.360.580.980.280.970.930.830.950.250.560.60.780.890.90.580.770.830.220.7
0.990.220.950.910.970.920.410.390.950.490.950.820.980.960.520.680.660.930.960.90.610.860.970.260.78
0.570.60.640.850.520.60.740.080.65-0.020.530.490.610.590.320.160.90.570.660.580.610.370.670.190.22
0.870.090.880.740.870.810.130.480.840.630.860.630.830.830.390.640.440.750.830.770.860.370.790.090.89
0.930.30.880.890.90.860.410.270.90.490.860.760.980.90.570.630.710.910.920.830.970.670.790.270.75
0.210.210.140.230.210.190.38-0.110.21-0.270.160.430.260.270.310.070.10.310.20.220.260.190.090.27-0.14
0.790.030.780.60.80.74-0.180.440.730.840.780.550.760.740.390.630.290.690.730.70.780.220.890.75-0.14
Click cells to compare fundamentals

Neurocrine Biosciences Account Relationship Matchups

Neurocrine Biosciences fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.3B1.7B2.1B2.4B3.3B3.4B
Short Long Term Debt Total817.6M412.3M440.4M262.9M428.4M449.8M
Other Current Liab156.5M147.1M194.3M292M319.4M335.4M
Total Current Liabilities565.3M186.5M245.8M537.7M654.8M687.5M
Total Stockholder Equity636.9M1.1B1.4B1.7B2.2B2.3B
Property Plant And Equipment Net116.2M127.4M155.8M145.6M347.3M364.7M
Net Debt383.2M(388.7M)99.6M169.4M177.3M186.2M
Retained Earnings(1.1B)(725.4M)(635.8M)(406.8M)(157.1M)(165.0M)
Accounts Payable46.2M39.4M51.5M67.3M108.9M114.3M
Cash112.3M801M340.8M262.9M251.1M131.9M
Non Current Assets Total475M718.5M1.1B915.2M1.6B1.7B
Non Currrent Assets Other3.2M6.4M4.4M25M49.6M52.1M
Cash And Short Term Investments670.5M801M711.3M989.3M1.0B1.1B
Net Receivables126.6M157.1M185.5M350M439.3M461.3M
Common Stock Shares Outstanding95.7M97.8M97.9M98.9M101M61.8M
Liabilities And Stockholders Equity1.3B1.7B2.1B2.4B3.3B3.4B
Non Current Liabilities Total103.8M422M452.7M123.2M364.6M382.8M
Other Current Assets160.5M30.1M45.5M79.1M97.8M102.7M
Other Stockholder Equity1.8B1.8B2.0B2.1B2.4B2.5B
Total Liab669.1M608.5M698.5M660.9M1.0B1.1B
Property Plant And Equipment Gross116.3M127.4M155.8M145.6M430.3M451.8M
Total Current Assets831M1.0B972.8M1.5B1.6B1.7B
Accumulated Other Comprehensive Income1.4M1.8M(1.7M)(7.9M)7M7.4M
Short Term Debt408.8M10.3M16.5M169.4M202.1M212.2M
Short Term Investments558.2M613.9M370.5M726.4M780.5M819.5M
Other Liab17.1M9.7M12.3M29.7M34.2M24.8M
Other Assets59.1M674M319.5M330.9M380.5M399.6M
Long Term Debt388.5M408.8M317.9M335.1M385.4M404.6M
Common Stock Total Equity89K91K92K100K115K67.8K
Common Stock89K91K92K100K115K69.6K
Property Plant Equipment33.9M41.9M44.6M58.6M52.7M55.4M
Current Deferred Revenue(46.2M)(10.3M)(16.5M)229.3M263.7M276.9M
Net Tangible Assets228.1M1.1B1.4B1.7B1.9B2.0B
Retained Earnings Total Equity(1.1B)(725.4M)(635.8M)(406.8M)(366.1M)(384.4M)
Capital Surpluse1.8B1.8B2.0B2.1B2.4B1.6B
Inventory17.3M28M30.5M35.1M38.3M40.2M
Non Current Liabilities Other103.8M104.1M117.6M29.7M10.3M9.8M
Long Term Investments299.7M227.1M560.7M401.5M849.4M891.9M

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