Sony Total Operating Expenses vs Research Development Analysis

SONY Stock  USD 19.06  0.01  0.05%   
Sony Group financial indicator trend analysis is much more than just breaking down Sony Group Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sony Group Corp is a good investment. Please check the relationship between Sony Group Total Operating Expenses and its Research Development accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sony Group Corp. 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.

Total Operating Expenses vs Research Development

Total Operating Expenses vs Research Development Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sony Group Corp Total Operating Expenses account and Research Development. At this time, the significance of the direction appears to have strong relationship.
The correlation between Sony Group's Total Operating Expenses and Research Development is 0.77. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Research Development in the same time period over historical financial statements of Sony Group Corp, assuming nothing else is changed. The correlation between historical values of Sony Group's Total Operating Expenses and Research Development is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Operating Expenses of Sony Group Corp are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Total Operating Expenses i.e., Sony Group's Total Operating Expenses and Research Development go up and down completely randomly.

Correlation Coefficient

0.77
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Research Development

Most indicators from Sony Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sony Group Corp 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sony Group Corp. 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.
Sales General And Administrative To Revenue is likely to rise to 0.17 in 2024, whereas Selling General Administrative is likely to drop slightly above 1.4 T in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense104.1B59.0B41.0B38.9B
Depreciation And Amortization904.5B1.0T1.1T1.2T

Sony Group fundamental ratios Correlations

0.920.961.00.970.750.760.940.580.990.660.30.830.871.00.720.73-0.381.00.790.750.890.720.70.720.63
0.920.950.940.960.810.940.950.390.940.720.050.740.920.890.790.71-0.480.910.850.560.970.670.890.480.67
0.960.950.970.980.750.840.980.440.960.740.180.770.960.930.730.82-0.410.950.860.650.920.750.810.570.72
1.00.940.970.970.740.790.950.550.990.690.260.820.880.990.740.74-0.370.990.820.730.90.740.740.690.66
0.970.960.980.970.780.840.970.520.980.680.20.780.940.950.720.77-0.440.960.810.660.940.680.780.590.64
0.750.810.750.740.780.820.730.420.790.330.10.780.750.730.870.56-0.830.740.510.60.780.310.650.530.27
0.760.940.840.790.840.820.850.130.80.69-0.20.610.830.710.80.59-0.580.750.810.340.890.580.90.250.63
0.940.950.980.950.970.730.850.390.940.790.140.720.910.910.70.77-0.360.930.90.620.910.810.790.530.77
0.580.390.440.550.520.420.130.390.56-0.140.810.590.460.620.230.49-0.260.590.020.790.490.020.20.72-0.15
0.990.940.960.990.980.790.80.940.560.660.230.830.880.990.760.7-0.450.990.790.710.910.690.720.690.62
0.660.720.740.690.680.330.690.79-0.140.66-0.310.440.610.620.540.440.040.650.970.220.620.930.640.220.99
0.30.050.180.260.20.1-0.20.140.810.23-0.310.260.190.35-0.150.47-0.020.32-0.190.70.13-0.01-0.080.55-0.25
0.830.740.770.820.780.780.610.720.590.830.440.260.70.830.860.56-0.40.830.560.860.730.490.550.850.4
0.870.920.960.880.940.750.830.910.460.880.610.190.70.830.670.89-0.470.860.740.590.920.580.850.460.58
1.00.890.930.990.950.730.710.910.620.990.620.350.830.830.70.7-0.371.00.750.780.850.70.630.760.6
0.720.790.730.740.720.870.80.70.230.760.54-0.150.860.670.70.42-0.60.720.640.560.710.470.650.560.48
0.730.710.820.740.770.560.590.770.490.70.440.470.560.890.70.42-0.30.720.570.670.720.530.720.430.46
-0.38-0.48-0.41-0.37-0.44-0.83-0.58-0.36-0.26-0.450.04-0.02-0.4-0.47-0.37-0.6-0.3-0.37-0.11-0.25-0.460.11-0.37-0.190.12
1.00.910.950.990.960.740.750.930.590.990.650.320.830.861.00.720.72-0.370.780.760.870.720.680.740.62
0.790.850.860.820.810.510.810.90.020.790.97-0.190.560.740.750.640.57-0.110.780.360.760.920.740.330.96
0.750.560.650.730.660.60.340.620.790.710.220.70.860.590.780.560.67-0.250.760.360.570.430.360.90.23
0.890.970.920.90.940.780.890.910.490.910.620.130.730.920.850.710.72-0.460.870.760.570.570.90.490.57
0.720.670.750.740.680.310.580.810.020.690.93-0.010.490.580.70.470.530.110.720.920.430.570.540.390.95
0.70.890.810.740.780.650.90.790.20.720.64-0.080.550.850.630.650.72-0.370.680.740.360.90.540.210.59
0.720.480.570.690.590.530.250.530.720.690.220.550.850.460.760.560.43-0.190.740.330.90.490.390.210.22
0.630.670.720.660.640.270.630.77-0.150.620.99-0.250.40.580.60.480.460.120.620.960.230.570.950.590.22
Click cells to compare fundamentals

Sony Group Account Relationship Matchups

Sony Group fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets23.0T26.4T30.5T32.0T34.1T35.8T
Short Long Term Debt Total1.9T2.5T3.4T4.1T4.1T4.3T
Other Current Liab2.5T4.7T4.7T5.2T5.9T6.2T
Total Current Liabilities6.2T7.8T8.8T9.3T10.2T10.7T
Total Stockholder Equity4.1T5.6T7.1T7.2T7.6T8.0T
Property Plant And Equipment Net1.3T1.4T1.5T3.2T2.0T1.2T
Net Debt346.4B669.5B1.3T2.6T2.2T2.3T
Retained Earnings2.8T3.9T3.8T4.6T6.0T6.3T
Cash1.5T1.8T2.0T1.5T993.3B905.6B
Non Current Assets Total17.3T19.1T24.9T27.6T27.3T28.7T
Non Currrent Assets Other1.4T1.5T2.3T2.6T21.4T22.4T
Cash And Short Term Investments3.4T4.7T2.6T1.9T993.3B1.4T
Net Receivables1.2T1.4T1.6T1.8T2.2T1.1T
Common Stock Shares Outstanding1.3B6.3B6.3B6.2B6.2B6.5B
Liabilities And Stockholders Equity23.0T26.4T30.5T32.0T34.1T35.8T
Non Current Liabilities Total12.0T12.9T14.5T15.4T16.1T16.9T
Inventory590.0B637.4B874.0B1.5T1.5T826.7B
Other Current Assets594.0B3.9T1.9T1.8T2.1T2.2T
Other Stockholder Equity1.1T(681.8B)(619.3B)(14.8T)1.1T568.8B
Total Liab18.2T20.7T23.3T24.8T26.3T27.6T
Property Plant And Equipment Gross1.3T1.4T1.5T1.8T4.4T4.6T
Total Current Assets5.7T7.2T5.5T5.8T6.8T3.9T
Accumulated Other Comprehensive Income(581.0B)(524.0B)1.2T15.4T(376.1B)(357.3B)
Short Term Debt908.9B1.4T2.1T2.1T2.0T2.1T
Intangible Assets906.3B996.3B450.1B563.8B2.0T2.1T
Accounts Payable380.8B1.6T1.8T1.9T2.1T2.2T
Short Term Investments1.8T2.9T510.0B439.3B17.9T18.7T
Common Stock865.7B874.3B880.2B880.4B881.4B574.8B
Other Liab1.1T880.5B1.5T13.7T15.7T16.5T
Other Assets1.9T1.0T1.3T(1.3T)(1.5T)(1.5T)
Long Term Debt592.8B773.3B1.2T1.8T2.1T2.2T
Good Will783.9B827.1B952.9B1.3T1.5T1.6T
Property Plant Equipment1.3T1.4T1.5T1.8T2.1T2.2T
Current Deferred Revenue2.4T2.8T2.9T3.2T3.7T2.3T
Net Tangible Assets2.4T3.8T4.4T3.8T4.4T2.4T
Long Term Investments12.7T14.3T19.4T19.6T17.9T12.4T
Short Long Term Debt840.0B1.3T2.1T2.1T2.0T1.2T

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