Zydus Net Receivables vs Non Currrent Assets Other Analysis

ZYDUSWELL   1,914  2.10  0.11%   
Zydus Wellness financial indicator trend analysis is more than just analyzing Zydus Wellness current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zydus Wellness is a good investment. Please check the relationship between Zydus Wellness Net Receivables and its Non Currrent Assets Other accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zydus Wellness Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Net Receivables vs Non Currrent Assets Other

Net Receivables vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zydus Wellness Net Receivables account and Non Currrent Assets Other. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Zydus Wellness' Net Receivables and Non Currrent Assets Other is -0.11. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Zydus Wellness Limited, assuming nothing else is changed. The correlation between historical values of Zydus Wellness' Net Receivables and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Zydus Wellness Limited are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Net Receivables i.e., Zydus Wellness' Net Receivables and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

-0.11
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Receivables

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Zydus Wellness' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zydus Wellness 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 Zydus Wellness Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
The current year's Selling General Administrative is expected to grow to about 4.1 B, whereas Tax Provision is projected to grow to (64.6 M).
 2021 2022 2023 2024 (projected)
Gross Profit10.0B11.0B11.8B12.4B
Total Revenue19.9B22.4B23.3B24.4B

Zydus Wellness fundamental ratios Correlations

0.620.990.980.970.640.97-0.151.0-0.210.76-0.120.440.960.770.720.750.891.00.821.0-0.130.780.90.83-0.43
0.620.650.610.620.360.67-0.020.63-0.330.72-0.290.250.630.250.490.50.440.640.670.64-0.350.40.520.36-0.3
0.990.650.990.970.540.94-0.120.98-0.190.79-0.120.320.980.780.80.670.90.980.820.98-0.140.820.890.77-0.32
0.980.610.990.980.480.91-0.120.97-0.190.78-0.120.250.990.810.830.610.910.970.80.97-0.120.880.930.75-0.25
0.970.620.970.980.540.91-0.140.97-0.170.82-0.090.330.970.760.760.660.90.960.860.96-0.110.830.910.77-0.32
0.640.360.540.480.540.76-0.380.66-0.240.310.00.950.440.27-0.050.960.370.680.490.67-0.050.070.40.76-0.92
0.970.670.940.910.910.76-0.150.97-0.190.74-0.10.60.880.680.570.860.810.970.820.97-0.130.630.80.83-0.59
-0.15-0.02-0.12-0.12-0.14-0.38-0.15-0.160.170.13-0.44-0.18-0.120.04-0.01-0.19-0.05-0.160.09-0.16-0.24-0.07-0.09-0.020.12
1.00.630.980.970.970.660.97-0.16-0.270.74-0.160.470.950.740.70.770.851.00.811.0-0.160.740.880.85-0.47
-0.21-0.33-0.19-0.19-0.17-0.24-0.190.17-0.270.110.8-0.18-0.23-0.04-0.14-0.230.18-0.280.07-0.280.620.03-0.18-0.350.34
0.760.720.790.780.820.310.740.130.740.110.00.160.780.550.670.490.780.730.950.74-0.070.690.70.54-0.14
-0.12-0.29-0.12-0.12-0.090.0-0.1-0.44-0.160.80.0-0.07-0.15-0.07-0.13-0.110.18-0.17-0.02-0.170.710.06-0.12-0.330.25
0.440.250.320.250.330.950.6-0.180.47-0.180.16-0.070.210.1-0.30.910.180.480.360.47-0.08-0.180.190.66-0.98
0.960.630.980.990.970.440.88-0.120.95-0.230.78-0.150.210.830.850.560.910.950.770.95-0.150.90.950.71-0.22
0.770.250.780.810.760.270.680.040.74-0.040.55-0.070.10.830.680.370.870.730.50.74-0.010.840.90.53-0.12
0.720.490.80.830.76-0.050.57-0.010.7-0.140.67-0.13-0.30.850.680.110.750.690.590.69-0.120.920.750.390.28
0.750.50.670.610.660.960.86-0.190.77-0.230.49-0.110.910.560.370.110.50.790.650.78-0.130.190.50.85-0.89
0.890.440.90.910.90.370.81-0.050.850.180.780.180.180.910.870.750.50.840.760.840.120.910.910.57-0.13
1.00.640.980.970.960.680.97-0.161.0-0.280.73-0.170.480.950.730.690.790.840.81.0-0.170.730.870.85-0.48
0.820.670.820.80.860.490.820.090.810.070.95-0.020.360.770.50.590.650.760.80.8-0.070.610.660.69-0.32
1.00.640.980.970.960.670.97-0.161.0-0.280.74-0.170.470.950.740.690.780.841.00.8-0.170.740.870.85-0.48
-0.13-0.35-0.14-0.12-0.11-0.05-0.13-0.24-0.160.62-0.070.71-0.08-0.15-0.01-0.12-0.130.12-0.17-0.07-0.170.04-0.11-0.190.23
0.780.40.820.880.830.070.63-0.070.740.030.690.06-0.180.90.840.920.190.910.730.610.740.040.90.410.19
0.90.520.890.930.910.40.8-0.090.88-0.180.7-0.120.190.950.90.750.50.910.870.660.87-0.110.90.63-0.2
0.830.360.770.750.770.760.83-0.020.85-0.350.54-0.330.660.710.530.390.850.570.850.690.85-0.190.410.63-0.68
-0.43-0.3-0.32-0.25-0.32-0.92-0.590.12-0.470.34-0.140.25-0.98-0.22-0.120.28-0.89-0.13-0.48-0.32-0.480.230.19-0.2-0.68
Click cells to compare fundamentals

Zydus Wellness Account Relationship Matchups

Zydus Wellness fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets55.9B56.7B56.9B58.3B61.5B64.6B
Other Current Liab1.1B850.1M760.7M853M496M391.1M
Total Current Liabilities6.0B7.7B7.7B6.9B7.7B8.1B
Total Stockholder Equity34.6B45.7B48.4B51.2B53.6B56.3B
Property Plant And Equipment Net2.1B2.0B2.6B2.8B2.6B2.7B
Net Debt14.7B3.8B2.7B2.6B892M1.5B
Accounts Payable4.9B4.4B3.6B3.1B3.6B3.8B
Cash544.8M1.7B1.2B370.4M2.4B1.4B
Non Current Assets Total48.1B48.2B48.8B49.3B49.3B51.8B
Cash And Short Term Investments1.9B2.5B2.0B1.3B3.2B2.4B
Common Stock Shares Outstanding42.2M57.7M60.7M63.6M73.2M46.0M
Short Term Investments1.4B783.7M808.9M959.9M769M1.2B
Liabilities And Stockholders Equity55.9B56.7B56.9B58.3B61.5B64.6B
Non Current Liabilities Total15.3B3.3B813.4M180M215M204.3M
Inventory2.9B3.6B3.6B4.6B4.7B4.9B
Other Current Assets1.2B1.4B1.1B1.0B4.3B4.5B
Other Stockholder Equity950.8M(4.5B)(5.3B)35.4B35.4B37.1B
Total Liab21.3B11.0B8.5B7.1B7.9B5.2B
Total Current Assets7.8B8.5B8.1B9.1B12.1B12.8B
Accumulated Other Comprehensive Income(1.7B)450.6M452.6M453.8M452M474.6M
Intangible Assets5.5B5.5B5.5B5.4B5.4B5.7B
Non Currrent Assets Other120.8M160.4M263.5M302.4M561M712.1M
Retained Earnings4.2B9.2B12.0B14.8B17.1B18.0B
Net Receivables1.7B942.8M1.4B2.3B2.8B3.0B
Other Liab259.8M132.2M147.3M141.3M162.5M108.6M
Net Tangible Assets(9.7B)(10.1B)999.6M3.8B3.4B3.6B
Other Assets1.3B1.4B1.6B1.7B1.9B1.1B
Property Plant Equipment2.1B2.0B2.6B2.8B3.3B1.7B
Current Deferred Revenue(191.9M)479.5M479.4M467.4M314M320.5M
Short Term Debt191.9M2.4B3.2B2.9B3.3B3.4B
Short Long Term Debt Total15.2B5.5B3.9B3.0B3.3B4.7B
Long Term Debt Total15.0B3.1B672.1M34.6M31.1M29.6M
Short Long Term Debt190.5M2.4B3.2B2.9B3.2B1.8B
Net Invested Capital49.8B51.2B52.3B54.2B56.8B50.4B
Non Current Liabilities Other16.8M10M3.1M7M6.3M9.9M
Net Working Capital1.7B759.7M468.9M2.2B4.4B4.7B

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Other Information on Investing in Zydus Stock

Balance Sheet is a snapshot of the financial position of Zydus Wellness at a specified time, usually calculated after every quarter, six months, or one year. Zydus Wellness Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zydus Wellness and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Zydus currently owns. An asset can also be divided into two categories, current and non-current.