Apple Property Plant and Equipment Net vs Current Assets Analysis

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AAPL -- USA Stock  

 Earnings Call  This Week

Apple financial indicator trend analysis is way more than just evaluating Apple prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Apple is a good investment. Please check the relationship between Apple Property Plant and Equipment Net and its Current Assets accounts. Please continue to Trending Equities.

Property Plant and Equipment Net vs Current Assets

Accounts Relationship

Property Plant and Equipment Net vs Current Assets

Significance: Almost Identical Trend

Property Plant and Equipment Net diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Apple Property Plant and Equipment Net account and Current Assets

Correlation Coefficient

0.96
Relationship DirectionPositive 
Relationship StrengthVery Strong

Property Plant and Equipment Net

A component of [Assets] representing the amount after accumulated depreciation; depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale.

Current Assets

Current assets of Apple include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Apple. The current portion of [Assets]; reported if a company operates a classified balance sheet that segments current and non-current assets.