WixCom Property Plant And Equipment Gross vs Total Assets Analysis

WIX Stock  USD 223.41  6.21  2.86%   
WixCom financial indicator trend analysis is more than just analyzing WixCom current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WixCom is a good investment. Please check the relationship between WixCom Property Plant And Equipment Gross and its Total Assets accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WixCom. 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 WixCom Stock please use our How to Invest in WixCom guide.

Property Plant And Equipment Gross vs Total Assets

Property Plant And Equipment Gross vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of WixCom Property Plant And Equipment Gross account and Total Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between WixCom's Property Plant And Equipment Gross and Total Assets is 0.75. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Total Assets in the same time period over historical financial statements of WixCom, assuming nothing else is changed. The correlation between historical values of WixCom's Property Plant And Equipment Gross 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 Property Plant And Equipment Gross of WixCom 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 Property Plant And Equipment Gross i.e., WixCom's Property Plant And Equipment Gross and Total Assets go up and down completely randomly.

Correlation Coefficient

0.75
Relationship DirectionPositive 
Relationship StrengthSignificant

Property Plant And Equipment Gross

Total Assets

Total assets refers to the total amount of WixCom 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 WixCom 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 WixCom's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WixCom 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in WixCom. 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 WixCom Stock please use our How to Invest in WixCom guide.At this time, WixCom's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.13 in 2024, despite the fact that Tax Provision is likely to grow to (6.4 M).
 2021 2022 2023 2024 (projected)
Interest Expense5.3M5.2M4.8M5.6M
Depreciation And Amortization18.9M22.9M26.4M27.8M

WixCom fundamental ratios Correlations

0.810.460.830.020.720.550.810.71-0.780.790.620.750.630.560.840.710.60.790.760.420.710.810.80.53-0.23
0.810.620.880.060.940.770.960.85-0.920.860.840.980.790.640.940.880.730.890.990.280.910.980.990.75-0.48
0.460.620.50.340.470.290.470.74-0.470.570.230.670.530.490.60.380.490.70.610.420.620.590.570.28-0.07
0.830.880.5-0.210.830.640.870.9-0.90.880.630.830.760.680.910.780.750.880.820.350.80.850.910.61-0.2
0.020.060.34-0.21-0.12-0.35-0.15-0.070.30.09-0.020.00.140.210.17-0.270.150.190.040.41-0.140.01-0.09-0.350.26
0.720.940.470.83-0.120.810.940.78-0.90.810.840.940.80.640.850.90.630.780.960.240.910.910.960.8-0.55
0.550.770.290.64-0.350.810.880.52-0.90.40.880.830.320.090.560.970.490.430.82-0.290.840.840.821.0-0.86
0.810.960.470.87-0.150.940.880.74-0.980.760.90.950.650.480.850.970.720.760.950.130.920.980.980.87-0.63
0.710.850.740.9-0.070.780.520.74-0.780.870.460.840.830.770.870.650.580.930.820.410.780.780.860.49-0.11
-0.78-0.92-0.47-0.90.3-0.9-0.9-0.98-0.78-0.72-0.83-0.93-0.59-0.42-0.8-0.97-0.7-0.73-0.91-0.06-0.92-0.95-0.96-0.890.61
0.790.860.570.880.090.810.40.760.87-0.720.550.780.930.90.930.610.680.970.80.630.70.780.850.38-0.05
0.620.840.230.63-0.020.840.880.90.46-0.830.550.820.460.260.720.910.630.540.87-0.10.770.880.840.88-0.75
0.750.980.670.830.00.940.830.950.84-0.930.780.820.730.560.870.910.670.830.990.190.950.970.980.82-0.57
0.630.790.530.760.140.80.320.650.83-0.590.930.460.730.970.850.50.540.90.760.680.670.660.760.3-0.01
0.560.640.490.680.210.640.090.480.77-0.420.90.260.560.970.770.290.480.860.590.790.50.490.610.060.24
0.840.940.60.910.170.850.560.850.87-0.80.930.720.870.850.770.720.780.950.90.450.770.880.910.54-0.18
0.710.880.380.78-0.270.90.970.970.65-0.970.610.910.910.50.290.720.620.610.9-0.090.90.930.920.96-0.76
0.60.730.490.750.150.630.490.720.58-0.70.680.630.670.540.480.780.620.690.670.40.680.760.70.48-0.19
0.790.890.70.880.190.780.430.760.93-0.730.970.540.830.90.860.950.610.690.840.580.730.810.860.4-0.06
0.760.990.610.820.040.960.820.950.82-0.910.80.870.990.760.590.90.90.670.840.20.920.960.980.8-0.56
0.420.280.420.350.410.24-0.290.130.41-0.060.63-0.10.190.680.790.45-0.090.40.580.20.20.180.22-0.310.49
0.710.910.620.8-0.140.910.840.920.78-0.920.70.770.950.670.50.770.90.680.730.920.20.920.930.83-0.6
0.810.980.590.850.010.910.840.980.78-0.950.780.880.970.660.490.880.930.760.810.960.180.920.970.83-0.59
0.80.990.570.91-0.090.960.820.980.86-0.960.850.840.980.760.610.910.920.70.860.980.220.930.970.8-0.52
0.530.750.280.61-0.350.81.00.870.49-0.890.380.880.820.30.060.540.960.480.40.8-0.310.830.830.8-0.87
-0.23-0.48-0.07-0.20.26-0.55-0.86-0.63-0.110.61-0.05-0.75-0.57-0.010.24-0.18-0.76-0.19-0.06-0.560.49-0.6-0.59-0.52-0.87
Click cells to compare fundamentals

WixCom Account Relationship Matchups

WixCom fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding50.5M54.4M57.0M58.0M58.4M46.6M
Total Assets1.1B1.8B2.1B1.8B1.8B1.9B
Other Current Liab77.4M527.5M116.5M145.0M133.1M99.9M
Total Current Liabilities444.2M617.0M774.3M1.2B789.0M423.3M
Total Stockholder Equity207.7M250.3M145.7M(263.2M)(54.5M)(51.8M)
Other Liab23.6M66.2M135.0M91.6M105.3M110.6M
Property Plant And Equipment Net111.0M124.3M151.5M309.3M557.5M585.4M
Current Deferred Revenue289.1M373.5M484.4M529.2M592.6M622.2M
Net Debt175.0M762.1M582.6M885.8M386.7M205.1M
Retained Earnings(404.8M)(621.3M)(648.1M)(1.1B)(1.0B)(987.9M)
Accounts Payable37.7M79.9M114.6M96.1M38.3M41.5M
Cash268.1M168.9M451.4M244.7M609.6M640.1M
Non Current Assets Total334.2M725.6M670.0M610.6M733.9M770.6M
Non Currrent Assets Other8.3M21.0M41.6M23.0M6.3M9.5M
Other Assets9.9M21.0M41.6M23.0M1.00.95
Cash And Short Term Investments726.5M1.0B1.3B1.1B962.9M552.7M
Net Receivables17.0M23.7M30.4M42.1M57.4M60.3M
Common Stock Total Equity80K88K94K107K123.1K77.6K
Short Term Investments458.4M867.1M868.2M818.8M353.3M346.2M
Liabilities And Stockholders Equity1.1B1.8B2.1B1.8B1.8B1.9B
Non Current Liabilities Total447.7M959.5M1.1B831.1M1.1B1.1B
Inventory12.7M22.0M27.2M13.7M2.1M2.0M
Other Current Assets20.4M41.6M39.9M42.2M47.8M50.2M
Other Stockholder Equity611.1M862.1M794.8M843.1M981.1M1.0B
Total Liab891.9M1.6B1.9B2.0B1.9B2.0B
Property Plant And Equipment Gross111.0M124.3M151.5M309.3M610.0M640.5M
Total Current Assets765.5M1.1B1.4B1.1B1.1B595.9M
Accumulated Other Comprehensive Income1.4M9.4M(1.1M)(33.5M)4.2M4.4M
Short Term Debt37.9M22.3M58.4M420.2M25.0M23.7M
Common Stock94K107K111K108K110K82.8K
Property Plant Equipment111.0M124.3M151.5M309.3M355.7M373.5M
Net Tangible Assets170.1M258.2M56.2M(346.5M)(311.9M)(296.3M)
Intangible Assets19.8M19.3M40.2M34.0M28.0M22.6M
Short Long Term Debt Total443.1M931.0M1.0B1.1B996.3M786.1M
Long Term Debt359.9M834.4M923.0M566.6M569.7M564.7M
Net Invested Capital567.7M1.1B1.1B664.9M515.2M700.3M

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