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Advanced Return on Average Assets vs Current Assets Analysis

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AMD -- USA Stock  

Trending

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

Return on Average Assets vs Current Assets

Accounts Relationship

Return on Average Assets vs Current Assets

Significance: Strong Relationship

Return on Average Assets diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Advanced Micro Devices Return on Average Assets account and Current Assets

Correlation Coefficient

0.79
Relationship DirectionPositive 
Relationship StrengthSignificant

Return on Average Assets

Return on assets measures how profitable a company is net income common stock relative to its total assets average assets.

Current Assets

Current assets of advanced micro devices 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 advanced micro. the current portion of total assets; reported if a company operates a classified balance sheet that segments current and non-current assets.