Vodafone Inventory vs Total Current Assets Analysis

VOD Stock   70.88  0.82  1.14%   
Vodafone Group financial indicator trend analysis is much more than just breaking down Vodafone Group PLC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vodafone Group PLC is a good investment. Please check the relationship between Vodafone Group Inventory and its Total Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vodafone Group PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Inventory vs Total Current Assets

Inventory vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vodafone Group PLC Inventory account and Total Current Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Vodafone Group's Inventory and Total Current Assets is 0.54. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Vodafone Group PLC, assuming nothing else is changed. The correlation between historical values of Vodafone Group's Inventory and Total Current 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 Inventory of Vodafone Group PLC are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Inventory i.e., Vodafone Group's Inventory and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.54
Relationship DirectionPositive 
Relationship StrengthWeak

Inventory

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Vodafone Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vodafone Group PLC 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 Vodafone Group PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
The current year's Issuance Of Capital Stock is expected to grow to about 4.3 M, whereas Selling General Administrative is forecasted to decline to about 4.6 B.
 2021 2022 2023 2024 (projected)
Interest Expense2.4B2.6B2.7B2.9B
Depreciation And Amortization10.4B10.3B10.4B7.8B

Vodafone Group fundamental ratios Correlations

0.32-0.120.320.360.57-0.18-0.220.20.30.20.20.28-0.010.20.410.380.020.57-0.110.140.10.370.060.020.46
0.320.770.380.880.850.7-0.730.680.86-0.070.680.750.790.790.070.940.880.690.80.540.430.950.360.340.67
-0.120.770.240.660.320.98-0.820.560.51-0.310.670.460.930.85-0.030.720.970.520.930.270.480.790.570.540.41
0.320.380.240.510.30.2-0.390.28-0.01-0.560.35-0.050.220.160.540.390.360.570.27-0.160.360.44-0.01-0.140.22
0.360.880.660.510.730.6-0.540.580.7-0.150.60.640.590.720.160.810.780.660.750.610.470.850.250.240.47
0.570.850.320.30.730.22-0.40.560.870.190.470.730.40.490.110.790.490.590.440.60.280.760.090.110.69
-0.180.70.980.20.60.22-0.830.380.45-0.270.530.390.90.790.010.660.940.470.890.20.450.730.560.580.39
-0.22-0.73-0.82-0.39-0.54-0.4-0.83-0.35-0.470.2-0.5-0.36-0.85-0.7-0.29-0.72-0.84-0.72-0.67-0.03-0.37-0.77-0.58-0.57-0.68
0.20.680.560.280.580.560.38-0.350.48-0.290.920.510.550.65-0.210.60.610.450.590.40.370.610.30.10.28
0.30.860.51-0.010.70.870.45-0.470.480.370.380.860.590.56-0.130.810.620.420.550.720.170.740.180.260.61
0.2-0.07-0.31-0.56-0.150.19-0.270.2-0.290.37-0.430.22-0.14-0.30.04-0.04-0.29-0.04-0.330.38-0.14-0.08-0.140.090.28
0.20.680.670.350.60.470.53-0.50.920.38-0.430.480.640.74-0.160.610.690.550.660.370.460.670.60.180.31
0.280.750.46-0.050.640.730.39-0.360.510.860.220.480.570.54-0.410.710.560.280.450.740.040.610.37-0.010.34
-0.010.790.930.220.590.40.9-0.850.550.59-0.140.640.570.73-0.040.820.930.550.770.250.330.810.570.40.45
0.20.790.850.160.720.490.79-0.70.650.56-0.30.740.540.73-0.080.720.850.540.870.340.50.810.550.620.47
0.410.07-0.030.540.160.110.01-0.29-0.21-0.130.04-0.16-0.41-0.04-0.080.080.020.650.01-0.310.430.24-0.180.240.5
0.380.940.720.390.810.790.66-0.720.60.81-0.040.610.710.820.720.080.840.640.680.430.270.940.310.270.55
0.020.880.970.360.780.490.94-0.840.610.62-0.290.690.560.930.850.020.840.60.920.340.450.870.50.460.47
0.570.690.520.570.660.590.47-0.720.450.42-0.040.550.280.550.540.650.640.60.530.190.680.790.40.390.81
-0.110.80.930.270.750.440.89-0.670.590.55-0.330.660.450.770.870.010.680.920.530.370.650.810.440.540.47
0.140.540.27-0.160.610.60.2-0.030.40.720.380.370.740.250.34-0.310.430.340.190.370.170.410.260.00.27
0.10.430.480.360.470.280.45-0.370.370.17-0.140.460.040.330.50.430.270.450.680.650.170.570.360.460.57
0.370.950.790.440.850.760.73-0.770.610.74-0.080.670.610.810.810.240.940.870.790.810.410.570.410.430.69
0.060.360.57-0.010.250.090.56-0.580.30.18-0.140.60.370.570.55-0.180.310.50.40.440.260.360.410.350.35
0.020.340.54-0.140.240.110.58-0.570.10.260.090.18-0.010.40.620.240.270.460.390.540.00.460.430.350.56
0.460.670.410.220.470.690.39-0.680.280.610.280.310.340.450.470.50.550.470.810.470.270.570.690.350.56
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Vodafone Group Account Relationship Matchups

Vodafone Group fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets168.2B155.1B154.0B155.5B144.4B131.8B
Short Long Term Debt Total69.6B66.8B67.2B61.5B54.4B30.0B
Other Current Liab26.6B10.9B11.7B10.0B14.6B10.3B
Total Current Liabilities33.4B28.7B33.6B34.6B30.2B21.5B
Total Stockholder Equity61.4B55.8B54.8B63.4B60.0B79.9B
Net Debt56.1B61.0B59.7B49.8B48.2B25.2B
Retained Earnings(120.3B)(121.6B)(122.0B)(113.1B)(114.6B)(108.9B)
Cash13.6B5.8B7.5B11.7B6.2B4.9B
Non Current Assets Total100.7B100.4B100.4B97.4B104.8B106.9B
Non Currrent Assets Other(23.6B)(21.6B)(19.1B)(19.3B)26.4B27.7B
Cash And Short Term Investments19.5B11.9B14.7B18.5B10.5B8.1B
Net Receivables7.8B7.3B7.5B7.2B5.9B5.6B
Liabilities And Stockholders Equity168.2B155.1B154.0B155.5B144.4B131.8B
Non Current Liabilities Total58.0B53.3B49.8B42.5B53.2B27.3B
Inventory598M676M836M956M568M439.9M
Other Current Assets4.9B8.4B4.5B4.0B22.5B23.7B
Other Stockholder Equity144.8B144.6B141.7B141.4B169.8B101.2B
Total Liab105.5B97.2B97.0B91.0B83.4B50.9B
Total Current Assets32.8B28.3B27.6B30.7B39.6B41.5B
Accumulated Other Comprehensive Income32.1B28.0B30.3B30.3B28.2B30.7B
Property Plant And Equipment Net40.1B41.2B40.8B38.0B28.5B21.4B
Accounts Payable6.7B6.7B7.3B7.6B5.6B7.3B
Other Assets34.6B26.4B26.0B27.5B31.6B33.2B
Short Term Investments6.0B6.1B7.2B6.8B4.4B5.5B
Property Plant And Equipment Gross39.2B41.2B93.7B88.6B68.9B72.3B
Current Deferred Revenue(6.7B)(7.5B)(9.0B)(9.8B)18.5B19.4B
Short Term Debt6.7B9.1B12.6B15.5B8.7B6.5B
Intangible Assets22.6B21.8B21.4B19.6B13.9B13.2B
Other Liab5.0B5.3B3.5B3.7B4.2B3.3B
Long Term Debt53.8B49.4B48.3B41.4B40.9B30.6B
Good Will31.4B31.7B31.9B27.6B25.0B39.2B
Property Plant Equipment40.1B41.2B40.8B38.0B43.7B26.4B
Treasury Stock(8.5B)(7.9B)(7.8B)(6.2B)(5.6B)(5.8B)
Net Tangible Assets7.4B2.3B1.4B16.2B14.6B14.4B
Short Long Term Debt8.8B4.4B6.3B6.8B3.8B3.6B
Deferred Long Term Liab628M580M630M690M621M500.3M

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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.
When determining whether Vodafone Group PLC is a strong investment it is important to analyze Vodafone Group's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Vodafone Group's future performance. For an informed investment choice regarding Vodafone Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vodafone Group PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Please note, there is a significant difference between Vodafone Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vodafone Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vodafone Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.