Qorvo Net Invested Capital vs Accounts Payable Analysis
QRVO Stock | USD 95.67 16.22 14.50% |
Qorvo financial indicator trend analysis is much more than just breaking down Qorvo Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Qorvo Inc is a good investment. Please check the relationship between Qorvo Net Invested Capital and its Accounts Payable accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Qorvo Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
Net Invested Capital vs Accounts Payable
Net Invested Capital vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Qorvo Inc Net Invested Capital account and Accounts Payable. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Qorvo's Net Invested Capital and Accounts Payable is -0.55. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Qorvo Inc, assuming nothing else is changed. The correlation between historical values of Qorvo's Net Invested Capital and Accounts Payable 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 Invested Capital of Qorvo Inc are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Invested Capital i.e., Qorvo's Net Invested Capital and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.55 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Accounts Payable
An accounting item on the balance sheet that represents Qorvo obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Qorvo Inc are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from Qorvo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qorvo Inc 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 Equity Center to better understand how to build diversified portfolios, which includes a position in Qorvo Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. As of the 2nd of May 2024, Issuance Of Capital Stock is likely to grow to about 32.8 M, while Selling General Administrative is likely to drop about 280.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.3B | 1.3B | 1.5B | 769.7M | Total Revenue | 4.6B | 3.6B | 4.1B | 4.3B |
Qorvo fundamental ratios Correlations
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Qorvo Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Qorvo fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.6B | 7.2B | 7.5B | 6.7B | 7.7B | 8.1B | |
Other Current Liab | 74.2M | 112.7M | 347.2M | 345.1M | 396.8M | 416.7M | |
Total Current Liabilities | 539.0M | 681.6M | 675.1M | 555.8M | 639.1M | 671.1M | |
Total Stockholder Equity | 4.3B | 4.6B | 4.6B | 3.9B | 4.5B | 2.4B | |
Retained Earnings | 0.0 | 355.0M | 512.1M | 84.5M | 76.0M | 79.8M | |
Accounts Payable | 247.0M | 313.9M | 327.9M | 210.7M | 242.3M | 137.5M | |
Cash | 714.9M | 1.4B | 972.6M | 808.8M | 930.1M | 976.6M | |
Other Assets | 100.2M | 119.5M | 324.1M | 193.4M | 222.4M | 233.5M | |
Long Term Debt | 1.6B | 1.7B | 2.0B | 2.0B | 2.4B | 2.5B | |
Short Term Investments | 459K | 3.8M | 2.9M | 1.1M | 984.6K | 935.4K | |
Inventory | 517.2M | 507.8M | 755.7M | 796.6M | 916.1M | 961.9M | |
Other Current Assets | 91.2M | 120.7M | 152.7M | 119.9M | 137.9M | 144.8M | |
Total Liab | 2.3B | 2.6B | 3.0B | 2.8B | 3.2B | 3.4B | |
Intangible Assets | 808.9M | 611.2M | 674.8M | 537.7M | 618.4M | 555.3M | |
Common Stock | 4.3B | 4.2B | 4.0B | 3.8B | 4.4B | 2.5B | |
Property Plant Equipment | 1.3B | 1.3B | 1.3B | 1.1B | 1.3B | 688.2M | |
Other Liab | 103.7M | 114.7M | 233.6M | 185.3M | 213.1M | 223.7M | |
Good Will | 2.6B | 2.6B | 2.8B | 2.8B | 3.2B | 3.3B | |
Property Plant And Equipment Net | 1.3B | 1.3B | 1.3B | 1.1B | 1.3B | 1.1B | |
Net Debt | 852.3M | 344.7M | 1.1B | 1.2B | 1.4B | 1.5B | |
Non Current Assets Total | 4.9B | 4.7B | 5.1B | 4.7B | 5.4B | 4.4B | |
Non Currrent Assets Other | 119.5M | 123.3M | 287.3M | 155.3M | 178.6M | 187.6M | |
Cash And Short Term Investments | 714.9M | 1.4B | 972.6M | 808.8M | 930.1M | 765.8M | |
Net Receivables | 367.2M | 457.4M | 568.9M | 304.5M | 350.2M | 379.2M | |
Common Stock Shares Outstanding | 119.3M | 116.0M | 111.5M | 103.0M | 118.5M | 120.8M | |
Non Current Liabilities Total | 1.7B | 1.9B | 2.3B | 2.2B | 2.6B | 1.3B | |
Other Stockholder Equity | 288K | 29.6M | 5.2M | (3.2M) | (2.9M) | (2.7M) | |
Total Current Assets | 1.7B | 2.5B | 2.4B | 2.0B | 2.3B | 1.8B | |
Short Long Term Debt Total | 1.6B | 1.7B | 2.0B | 2.0B | 2.4B | 1.4B | |
Net Tangible Assets | 869.5M | 1.4B | 1.1B | 604.3M | 543.9M | 967.0M | |
Common Stock Total Equity | 4.3B | 4.2B | 4.0B | 3.8B | 3.4B | 3.6B | |
Liabilities And Stockholders Equity | 6.6B | 7.2B | 7.5B | 6.7B | 7.7B | 6.7B | |
Long Term Investments | 22.5M | 35.4M | 31.1M | 20.4M | 23.5M | 37.4M | |
Property Plant And Equipment Gross | 1.3B | 1.3B | 3.0B | 3.1B | 3.5B | 3.7B | |
Accumulated Other Comprehensive Income | 2.3M | 29.6M | 5.2M | (3.2M) | (3.7M) | (3.5M) |
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Is Qorvo's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Qorvo. If investors know Qorvo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Qorvo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.46) | Earnings Share (2.08) | Revenue Per Share 35.191 | Quarterly Revenue Growth 0.445 | Return On Assets 0.0159 |
The market value of Qorvo Inc is measured differently than its book value, which is the value of Qorvo that is recorded on the company's balance sheet. Investors also form their own opinion of Qorvo's value that differs from its market value or its book value, called intrinsic value, which is Qorvo's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Qorvo's market value can be influenced by many factors that don't directly affect Qorvo's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Qorvo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Qorvo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Qorvo'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.