Resmed Depreciation vs Change In Working Capital Analysis

RMD Stock

38.19 0.13 0.34%

Resmed financial indicator trend analysis is much more than just breaking down Resmed Inc DRC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Resmed Inc DRC is a good investment. Please check the relationship between Resmed Depreciation and its Change In Working Capital accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Resmed Inc DRC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Depreciation vs Change In Working Capital

Depreciation vs Change In Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Resmed Inc DRC Depreciation account and Change In Working Capital. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Resmed's Depreciation and Change In Working Capital is -0.35. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Resmed Inc DRC, assuming nothing else is changed. The correlation between historical values of Resmed's Depreciation and Change In Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Resmed Inc DRC are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Depreciation i.e., Resmed's Depreciation and Change In Working Capital go up and down completely randomly.

Correlation Coefficient

-0.35

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Depreciation

Depreciation indicates how much of Resmed Inc DRC value has been used up. For tax purposes Resmed can deduct the cost of the tangible assets it purchases as business expenses. However, Resmed Inc DRC 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.

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Most indicators from Resmed's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Resmed Inc DRC 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Resmed Inc DRC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Selling General Administrative is likely to drop to about 709.4 M in 2024. Tax Provision is likely to drop to about 182 M in 2024

	2022	2023	2024 (projected)
Total Revenue	4.2B	4.7B	4.9B
Depreciation And Amortization	197.6M	216.2M	227.0M

Total Revenue Depreciation And Amortization

Resmed 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	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Short Term Investments	Common Stock	Current Deferred Revenue
Total Assets		0.58	0.75	0.89	0.97	0.92	0.74	0.98	0.95	-0.33	0.98	0.9	-0.33	0.97	-0.31	0.8	0.95	0.96	0.28	0.91	0.88	-0.17	0.9	-0.24	0.49	0.98
Short Long Term Debt Total	0.58		0.27	0.47	0.4	0.43	0.8	0.46	0.42	-0.13	0.6	0.3	-0.13	0.45	0.26	0.91	0.5	0.43	-0.22	0.84	0.44	0.14	0.76	0.22	0.47	0.49
Other Current Liab	0.75	0.27		0.71	0.79	0.74	0.42	0.78	0.71	-0.25	0.7	0.7	-0.25	0.79	-0.23	0.43	0.8	0.72	0.48	0.57	0.75	-0.08	0.55	-0.11	0.39	0.73
Total Current Liabilities	0.89	0.47	0.71		0.87	0.86	0.63	0.88	0.89	-0.28	0.89	0.82	-0.28	0.89	-0.23	0.63	0.79	0.86	0.11	0.82	0.76	0.03	0.81	-0.24	0.51	0.9
Total Stockholder Equity	0.97	0.4	0.79	0.87		0.93	0.59	0.99	0.96	-0.29	0.93	0.91	-0.29	0.98	-0.42	0.65	0.95	0.96	0.42	0.79	0.91	-0.2	0.78	-0.28	0.46	0.97
Property Plant And Equipment Net	0.92	0.43	0.74	0.86	0.93		0.47	0.92	0.89	-0.05	0.84	0.76	-0.05	0.93	-0.13	0.62	0.86	0.9	0.27	0.76	0.95	-0.13	0.7	-0.21	0.67	0.9
Net Debt	0.74	0.8	0.42	0.63	0.59	0.47		0.64	0.63	-0.65	0.83	0.67	-0.65	0.61	-0.15	0.92	0.72	0.67	-0.04	0.9	0.4	-0.21	0.94	-0.24	0.15	0.73
Retained Earnings	0.98	0.46	0.78	0.88	0.99	0.92	0.64		0.97	-0.31	0.95	0.92	-0.3	0.99	-0.38	0.7	0.94	0.94	0.34	0.83	0.9	-0.15	0.82	-0.23	0.49	0.97
Accounts Payable	0.95	0.42	0.71	0.89	0.96	0.89	0.63	0.97		-0.34	0.94	0.89	-0.33	0.96	-0.45	0.67	0.87	0.93	0.21	0.81	0.83	-0.2	0.83	-0.27	0.45	0.96
Cash	-0.33	-0.13	-0.25	-0.28	-0.29	-0.05	-0.65	-0.31	-0.34		-0.48	-0.58	1.0	-0.26	0.42	-0.35	-0.42	-0.42	-0.11	-0.36	0.1	0.58	-0.5	0.66	0.35	-0.44
Non Current Assets Total	0.98	0.6	0.7	0.89	0.93	0.84	0.83	0.95	0.94	-0.48		0.92	-0.48	0.94	-0.35	0.83	0.93	0.94	0.21	0.93	0.78	-0.24	0.95	-0.32	0.4	0.98
Non Currrent Assets Other	0.9	0.3	0.7	0.82	0.91	0.76	0.67	0.92	0.89	-0.58	0.92		-0.58	0.91	-0.5	0.61	0.88	0.89	0.38	0.74	0.68	-0.35	0.8	-0.45	0.28	0.92
Cash And Short Term Investments	-0.33	-0.13	-0.25	-0.28	-0.29	-0.05	-0.65	-0.3	-0.33	1.0	-0.48	-0.58		-0.26	0.42	-0.35	-0.42	-0.41	-0.11	-0.36	0.1	0.58	-0.5	0.66	0.34	-0.43
Net Receivables	0.97	0.45	0.79	0.89	0.98	0.93	0.61	0.99	0.96	-0.26	0.94	0.91	-0.26		-0.34	0.69	0.9	0.92	0.28	0.82	0.9	-0.14	0.81	-0.2	0.55	0.95
Common Stock Shares Outstanding	-0.31	0.26	-0.23	-0.23	-0.42	-0.13	-0.15	-0.38	-0.45	0.42	-0.35	-0.5	0.42	-0.34		0.02	-0.33	-0.4	-0.52	-0.07	-0.17	0.2	-0.2	0.26	0.41	-0.39
Non Current Liabilities Total	0.8	0.91	0.43	0.63	0.65	0.62	0.92	0.7	0.67	-0.35	0.83	0.61	-0.35	0.69	0.02		0.74	0.69	-0.09	0.96	0.59	-0.14	0.93	-0.05	0.41	0.75
Inventory	0.95	0.5	0.8	0.79	0.95	0.86	0.72	0.94	0.87	-0.42	0.93	0.88	-0.42	0.9	-0.33	0.74		0.95	0.47	0.82	0.84	-0.26	0.81	-0.33	0.36	0.94
Other Current Assets	0.96	0.43	0.72	0.86	0.96	0.9	0.67	0.94	0.93	-0.42	0.94	0.89	-0.41	0.92	-0.4	0.69	0.95		0.35	0.81	0.82	-0.33	0.82	-0.44	0.36	0.98
Other Stockholder Equity	0.28	-0.22	0.48	0.11	0.42	0.27	-0.04	0.34	0.21	-0.11	0.21	0.38	-0.11	0.28	-0.52	-0.09	0.47	0.35		-0.02	0.39	-0.11	-0.02	-0.17	-0.17	0.28
Total Liab	0.91	0.84	0.57	0.82	0.79	0.76	0.9	0.83	0.81	-0.36	0.93	0.74	-0.36	0.82	-0.07	0.96	0.82	0.81	-0.02		0.71	-0.09	0.98	-0.13	0.49	0.87
Total Current Assets	0.88	0.44	0.75	0.76	0.91	0.95	0.4	0.9	0.83	0.1	0.78	0.68	0.1	0.9	-0.17	0.59	0.84	0.82	0.39	0.71		0.04	0.63	0.0	0.65	0.82
Short Term Debt	-0.17	0.14	-0.08	0.03	-0.2	-0.13	-0.21	-0.15	-0.2	0.58	-0.24	-0.35	0.58	-0.14	0.2	-0.14	-0.26	-0.33	-0.11	-0.09	0.04		-0.18	0.71	0.16	-0.27
Intangible Assets	0.9	0.76	0.55	0.81	0.78	0.7	0.94	0.82	0.83	-0.5	0.95	0.8	-0.5	0.81	-0.2	0.93	0.81	0.82	-0.02	0.98	0.63	-0.18		-0.24	0.38	0.89
Short Term Investments	-0.24	0.22	-0.11	-0.24	-0.28	-0.21	-0.24	-0.23	-0.27	0.66	-0.32	-0.45	0.66	-0.2	0.26	-0.05	-0.33	-0.44	-0.17	-0.13	0.0	0.71	-0.24		0.15	-0.4
Common Stock	0.49	0.47	0.39	0.51	0.46	0.67	0.15	0.49	0.45	0.35	0.4	0.28	0.34	0.55	0.41	0.41	0.36	0.36	-0.17	0.49	0.65	0.16	0.38	0.15		0.41
Current Deferred Revenue	0.98	0.49	0.73	0.9	0.97	0.9	0.73	0.97	0.96	-0.44	0.98	0.92	-0.43	0.95	-0.39	0.75	0.94	0.98	0.28	0.87	0.82	-0.27	0.89	-0.4	0.41

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Resmed Account Relationship Matchups

Resmed fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.6B	4.7B	5.1B	6.8B	6.9B	7.2B
Short Long Term Debt Total	1.3B	793.7M	917.6M	1.6B	873.9M	442.7M
Other Current Liab	(54.2M)	304.1M	389.6M	365.7M	350.7M	368.2M
Total Current Liabilities	602.8M	911.8M	689.3M	758.5M	910.7M	956.2M
Total Stockholder Equity	2.5B	2.9B	3.4B	4.1B	4.9B	5.1B
Property Plant And Equipment Net	535.7M	592.1M	630.5M	665.8M	699.1M	734.1M
Net Debt	836.1M	498.4M	643.8M	1.4B	635.6M	667.4M
Retained Earnings	2.8B	3.1B	3.6B	4.3B	5.0B	5.2B
Accounts Payable	135.8M	138.0M	159.2M	150.8M	237.7M	249.6M
Cash	463.2M	295.3M	273.7M	227.9M	238.4M	333.5M
Non Current Assets Total	3.1B	3.2B	3.2B	4.4B	4.5B	4.7B
Non Currrent Assets Other	189.7M	240.8M	251.5M	395.4M	487.6M	511.9M
Cash And Short Term Investments	463.2M	295.3M	273.7M	227.9M	238.4M	338.0M
Common Stock Shares Outstanding	1.5B	1.5B	1.5B	1.5B	147.6M	140.2M
Liabilities And Stockholders Equity	4.6B	4.7B	5.1B	6.8B	6.9B	7.2B
Non Current Liabilities Total	1.5B	930.7M	1.0B	1.9B	1.1B	1.2B
Inventory	416.9M	457.0M	743.9M	998.0M	822.3M	863.4M
Other Current Assets	168.7M	296.5M	337.9M	437.0M	459.8M	482.8M
Other Stockholder Equity	(389.7M)	(415.9M)	59.2M	148.8M	123.3M	129.5M
Total Liab	2.1B	1.8B	1.7B	2.6B	2.0B	2.1B
Total Current Assets	1.5B	1.6B	1.9B	2.4B	2.4B	2.5B
Short Term Debt	33.3M	35.6M	31.8M	31.8M	35.2M	66.5M
Intangible Assets	448.2M	392.6M	345.9M	552.3M	485.9M	510.2M
Accumulated Other Comprehensive Income	(284.0M)	(193.5M)	(312.7M)	(272.5M)	(251.5M)	(239.0M)
Common Stock	580K	583K	586K	588K	676.2K	443.7K
Current Deferred Revenue	98.6M	109.6M	108.7M	138.1M	152.6M	160.2M
Good Will	1.9B	1.9B	1.9B	2.8B	2.8B	3.0B
Other Liab	221.6M	172.6M	160.0M	315.2M	362.5M	380.6M
Net Tangible Assets	158.5M	565.2M	1.1B	807.3M	726.5M	539.8M
Other Assets	145.6M	200.7M	202.3M	261.3M	300.5M	161.7M
Long Term Debt	1.2B	643.4M	765.3M	1.4B	697.3M	878.4M
Short Long Term Debt	12.0M	12M	9.9M	9.9M	9.9M	9.4M
Property Plant Equipment	535.7M	592.1M	630.5M	665.8M	765.7M	527.8M
Long Term Debt Total	1.3B	1.2B	643.4M	765.3M	688.8M	691.8M
Capital Surpluse	1.5B	1.6B	1.6B	1.7B	1.9B	1.7B

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