Universal Good Will vs Total Assets Analysis

UVV Stock

USD 57.99 0.90 1.58%

Universal financial indicator trend analysis is much more than just breaking down Universal prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Universal is a good investment. Please check the relationship between Universal Good Will and its Total Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Universal. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more information on how to buy Universal Stock please use our How to Invest in Universal guide.

Good Will vs Total Assets

Good Will vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Universal Good Will account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Universal's Good Will and Total Assets is 0.49. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Total Assets in the same time period over historical financial statements of Universal, assuming nothing else is changed. The correlation between historical values of Universal's Good Will 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 Good Will of Universal 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 Good Will i.e., Universal's Good Will and Total Assets go up and down completely randomly.

Correlation Coefficient

0.49

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Total Assets

Total assets refers to the total amount of Universal 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 Universal 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 Universal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Universal 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 Universal. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more information on how to buy Universal Stock please use our How to Invest in Universal guide.Selling General Administrative is likely to drop to about 223.9 M in 2024. Tax Provision is likely to drop to about 31 M in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	408.9M	458.3M	528.1M	438.2M
Total Revenue	2.1B	2.6B	2.7B	2.1B

Gross Profit Total Revenue

Universal 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	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	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock Total Equity	Common Stock
Total Assets		0.82	0.1	0.66	0.89	0.93	0.52	0.87	0.11	0.8	-0.86	0.11	0.89	-0.73	0.84	0.92	0.61	-0.08	0.86	0.6	0.98	0.58	0.4	-0.31	0.73	0.71
Short Long Term Debt Total	0.82		0.38	0.76	0.5	0.81	0.87	0.56	-0.37	0.92	-0.5	-0.37	0.62	-0.64	0.85	0.92	0.63	-0.18	0.96	0.88	0.72	0.78	0.18	-0.37	0.68	0.62
Other Current Liab	0.1	0.38		0.39	-0.21	-0.01	0.4	-0.25	-0.37	0.22	0.15	-0.37	-0.05	0.17	0.32	0.2	0.34	-0.16	0.42	0.37	0.05	0.4	0.14	-0.66	-0.11	-0.16
Total Current Liabilities	0.66	0.76	0.39		0.34	0.48	0.63	0.29	-0.18	0.6	-0.34	-0.18	0.57	-0.28	0.41	0.7	0.46	-0.13	0.84	0.66	0.63	0.97	0.33	0.0	0.3	0.23
Total Stockholder Equity	0.89	0.5	-0.21	0.34		0.81	0.11	0.97	0.41	0.55	-0.9	0.41	0.87	-0.64	0.67	0.73	0.43	0.0	0.53	0.23	0.92	0.23	0.38	-0.19	0.68	0.69
Property Plant And Equipment Net	0.93	0.81	-0.01	0.48	0.81		0.59	0.86	-0.01	0.87	-0.86	-0.01	0.78	-0.88	0.9	0.88	0.61	-0.11	0.81	0.65	0.88	0.42	0.27	-0.32	0.82	0.81
Net Debt	0.52	0.87	0.4	0.63	0.11	0.59		0.2	-0.69	0.79	-0.17	-0.69	0.34	-0.53	0.63	0.69	0.49	-0.28	0.82	0.95	0.38	0.69	0.02	-0.26	0.46	0.4
Retained Earnings	0.87	0.56	-0.25	0.29	0.97	0.86	0.2		0.28	0.64	-0.9	0.28	0.8	-0.74	0.73	0.78	0.45	-0.1	0.54	0.31	0.88	0.21	0.21	-0.19	0.83	0.84
Cash	0.11	-0.37	-0.37	-0.18	0.41	-0.01	-0.69	0.28		-0.39	-0.44	1.0	0.28	0.01	-0.13	-0.2	-0.23	0.33	-0.23	-0.58	0.27	-0.29	0.3	0.05	-0.09	-0.04
Non Current Assets Total	0.8	0.92	0.22	0.6	0.55	0.87	0.79	0.64	-0.39		-0.53	-0.39	0.53	-0.69	0.87	0.88	0.79	-0.1	0.86	0.82	0.67	0.59	0.19	-0.28	0.74	0.71
Non Currrent Assets Other	-0.86	-0.5	0.15	-0.34	-0.9	-0.86	-0.17	-0.9	-0.44	-0.53		-0.44	-0.81	0.8	-0.71	-0.68	-0.37	0.11	-0.59	-0.27	-0.9	-0.22	-0.3	0.27	-0.72	-0.75
Cash And Short Term Investments	0.11	-0.37	-0.37	-0.18	0.41	-0.01	-0.69	0.28	1.0	-0.39	-0.44		0.28	0.01	-0.13	-0.2	-0.23	0.33	-0.23	-0.58	0.27	-0.29	0.3	0.05	-0.09	-0.04
Net Receivables	0.89	0.62	-0.05	0.57	0.87	0.78	0.34	0.8	0.28	0.53	-0.81	0.28		-0.63	0.62	0.76	0.31	-0.06	0.69	0.41	0.94	0.48	0.46	-0.2	0.56	0.53
Common Stock Shares Outstanding	-0.73	-0.64	0.17	-0.28	-0.64	-0.88	-0.53	-0.74	0.01	-0.69	0.8	0.01	-0.63		-0.74	-0.68	-0.41	0.31	-0.64	-0.58	-0.68	-0.22	-0.08	0.18	-0.86	-0.88
Non Current Liabilities Total	0.84	0.85	0.32	0.41	0.67	0.9	0.63	0.73	-0.13	0.87	-0.71	-0.13	0.62	-0.74		0.84	0.68	-0.08	0.81	0.66	0.76	0.39	0.23	-0.64	0.76	0.74
Inventory	0.92	0.92	0.2	0.7	0.73	0.88	0.69	0.78	-0.2	0.88	-0.68	-0.2	0.76	-0.68	0.84		0.56	-0.24	0.88	0.74	0.85	0.68	0.19	-0.31	0.8	0.75
Other Current Assets	0.61	0.63	0.34	0.46	0.43	0.61	0.49	0.45	-0.23	0.79	-0.37	-0.23	0.31	-0.41	0.68	0.56		0.01	0.64	0.57	0.5	0.4	0.35	-0.23	0.44	0.47
Other Stockholder Equity	-0.08	-0.18	-0.16	-0.13	0.0	-0.11	-0.28	-0.1	0.33	-0.1	0.11	0.33	-0.06	0.31	-0.08	-0.24	0.01		-0.15	-0.43	-0.07	-0.09	0.17	0.0	-0.35	-0.34
Total Liab	0.86	0.96	0.42	0.84	0.53	0.81	0.82	0.54	-0.23	0.86	-0.59	-0.23	0.69	-0.64	0.81	0.88	0.64	-0.15		0.84	0.79	0.82	0.32	-0.35	0.59	0.54
Property Plant And Equipment Gross	0.6	0.88	0.37	0.66	0.23	0.65	0.95	0.31	-0.58	0.82	-0.27	-0.58	0.41	-0.58	0.66	0.74	0.57	-0.43	0.84		0.47	0.67	0.12	-0.22	0.52	0.47
Total Current Assets	0.98	0.72	0.05	0.63	0.92	0.88	0.38	0.88	0.27	0.67	-0.9	0.27	0.94	-0.68	0.76	0.85	0.5	-0.07	0.79	0.47		0.53	0.43	-0.29	0.67	0.65
Short Term Debt	0.58	0.78	0.4	0.97	0.23	0.42	0.69	0.21	-0.29	0.59	-0.22	-0.29	0.48	-0.22	0.39	0.68	0.4	-0.09	0.82	0.67	0.53		0.21	-0.03	0.28	0.2
Intangible Assets	0.4	0.18	0.14	0.33	0.38	0.27	0.02	0.21	0.3	0.19	-0.3	0.3	0.46	-0.08	0.23	0.19	0.35	0.17	0.32	0.12	0.43	0.21		-0.03	-0.08	-0.08
Accounts Payable	-0.31	-0.37	-0.66	0.0	-0.19	-0.32	-0.26	-0.19	0.05	-0.28	0.27	0.05	-0.2	0.18	-0.64	-0.31	-0.23	0.0	-0.35	-0.22	-0.29	-0.03	-0.03		-0.19	-0.18
Common Stock Total Equity	0.73	0.68	-0.11	0.3	0.68	0.82	0.46	0.83	-0.09	0.74	-0.72	-0.09	0.56	-0.86	0.76	0.8	0.44	-0.35	0.59	0.52	0.67	0.28	-0.08	-0.19		0.99
Common Stock	0.71	0.62	-0.16	0.23	0.69	0.81	0.4	0.84	-0.04	0.71	-0.75	-0.04	0.53	-0.88	0.74	0.75	0.47	-0.34	0.54	0.47	0.65	0.2	-0.08	-0.18	0.99

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Universal Account Relationship Matchups

Universal fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.1B	2.3B	2.6B	2.6B	2.9B	2.2B
Short Long Term Debt Total	482.5M	647.1M	741.1M	849.3M	1.1B	715.4M
Other Current Liab	29.0M	31.0M	125.8M	128.2M	138.4M	85.7M
Total Current Liabilities	267.4M	293.2M	518.7M	442.0M	711.4M	476.4M
Total Stockholder Equity	1.2B	1.3B	1.3B	1.4B	1.4B	935.3M
Property Plant And Equipment Net	354.4M	380.7M	385.4M	391.7M	398.4M	355.7M
Net Debt	375.1M	449.9M	659.5M	784.6M	1.0B	1.1B
Retained Earnings	1.1B	1.1B	1.1B	1.1B	1.2B	755.6M
Cash	107.4M	197.2M	81.6M	64.7M	55.6M	52.8M
Non Current Assets Total	641.3M	786.6M	838.3M	836.3M	834.7M	691.4M
Non Currrent Assets Other	43.7M	64.1M	53.8M	61.3M	55.4M	89.5M
Cash And Short Term Investments	107.4M	197.2M	81.6M	64.7M	55.6M	52.8M
Net Receivables	352.2M	368.1M	390.0M	414.3M	530.6M	405.9M
Common Stock Shares Outstanding	25.1M	24.8M	24.9M	24.9M	25.0M	23.6M
Liabilities And Stockholders Equity	2.1B	2.3B	2.6B	2.6B	2.9B	2.2B
Non Current Liabilities Total	564.2M	700.3M	682.9M	760.2M	747.0M	559.7M
Inventory	806.6M	786.6M	1.0B	1.0B	1.4B	742.6M
Other Current Assets	67.5M	203.5M	259.7M	287.1M	113.1M	101.7M
Other Stockholder Equity	403K	550.2M	(84.3M)	(77.1M)	(1.0)	(0.95)
Total Liab	831.6M	993.5M	1.2B	1.2B	1.5B	1.2B
Property Plant And Equipment Gross	354.4M	380.7M	986.3M	1.0B	1.1B	1.1B
Total Current Assets	1.5B	1.6B	1.7B	1.8B	2.1B	1.5B
Accumulated Other Comprehensive Income	(151.6M)	(107.0M)	(84.3M)	(77.1M)	(81.6M)	(85.7M)
Short Term Debt	87.9M	117.1M	203.2M	218.4M	437.9M	232.2M
Intangible Assets	17.9M	72.3M	92.6M	80.1M	68.9M	76.2M
Accounts Payable	140.3M	140.8M	168.5M	89.0M	110.3M	157.0M
Common Stock Total Equity	321.5M	326.7M	330.7M	337.2M	387.8M	233.1M
Common Stock	321.5M	326.7M	330.7M	337.2M	345.6M	227.3M
Other Liab	124.7M	132.4M	162.4M	133.5M	153.6M	164.6M
Other Assets	64.7M	76.3M	65.4M	74.4M	1.0	0.95
Long Term Debt	368.8M	518.2M	518.5M	616.8M	617.4M	357.1M
Good Will	126.8M	173.1M	214.0M	213.9M	213.9M	137.1M
Property Plant Equipment	315.2M	349.5M	345.1M	351.2M	316.0M	289.4M
Current Deferred Revenue	10.2M	8.8M	13.7M	3.1M	17.2M	21.7M
Net Tangible Assets	1.1B	1.1B	1.0B	1.1B	1.3B	1.2B
Noncontrolling Interest In Consolidated Entity	42.6M	41.1M	44.2M	39.9M	45.8M	39.3M
Retained Earnings Total Equity	1.1B	1.1B	1.1B	1.1B	1.3B	1.1B

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