AstraZeneca Total Revenue vs Ebit Analysis
AZN Stock | USD 63.39 0.16 0.25% |
AstraZeneca PLC financial indicator trend analysis is way more than just evaluating AstraZeneca PLC ADR prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AstraZeneca PLC ADR is a good investment. Please check the relationship between AstraZeneca PLC Total Revenue and its Ebit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AstraZeneca PLC ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Total Revenue vs Ebit
Total Revenue vs Ebit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AstraZeneca PLC ADR Total Revenue account and Ebit. At this time, the significance of the direction appears to have almost no relationship.
The correlation between AstraZeneca PLC's Total Revenue and Ebit is 0.18. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Ebit in the same time period over historical financial statements of AstraZeneca PLC ADR, assuming nothing else is changed. The correlation between historical values of AstraZeneca PLC's Total Revenue and Ebit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of AstraZeneca PLC ADR are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Total Revenue i.e., AstraZeneca PLC's Total Revenue and Ebit go up and down completely randomly.
Correlation Coefficient | 0.18 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Total Revenue
Total revenue comprises all receipts AstraZeneca PLC ADR generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Ebit
Most indicators from AstraZeneca PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AstraZeneca PLC ADR 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in AstraZeneca PLC ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At this time, AstraZeneca PLC's Tax Provision is very stable compared to the past year. As of the 19th of November 2024, Enterprise Value is likely to grow to about 218.7 B, while Selling General Administrative is likely to drop about 187.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.3B | 1.3B | 1.6B | 1.7B | Depreciation And Amortization | 4.1B | 5.3B | 4.9B | 5.2B |
AstraZeneca PLC fundamental ratios Correlations
Click cells to compare fundamentals
AstraZeneca PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AstraZeneca PLC fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 61.4B | 66.7B | 105.4B | 96.5B | 101.1B | 106.2B | |
Short Long Term Debt Total | 18.2B | 20.4B | 30.8B | 29.2B | 28.6B | 30.1B | |
Other Current Liab | 2.1B | 12.8B | 14.9B | 16.2B | 18.7B | 19.6B | |
Total Current Liabilities | 18.1B | 20.3B | 22.6B | 26.3B | 30.5B | 32.1B | |
Total Stockholder Equity | 13.1B | 15.6B | 39.3B | 37.0B | 39.1B | 41.1B | |
Property Plant And Equipment Net | 8.3B | 8.9B | 10.2B | 9.4B | 10.5B | 6.8B | |
Net Debt | 12.9B | 12.5B | 24.5B | 23.1B | 22.8B | 23.9B | |
Retained Earnings | 2.8B | 5.3B | 1.7B | (574M) | 4.5B | 8.5B | |
Accounts Payable | 14.0B | 2.4B | 2.8B | 2.6B | 3.3B | 6.1B | |
Cash | 5.4B | 7.8B | 6.3B | 6.2B | 5.8B | 4.7B | |
Non Current Assets Total | 45.8B | 47.2B | 79.1B | 73.9B | 76.1B | 79.9B | |
Non Currrent Assets Other | 1.7B | 1.1B | 1.1B | 1.1B | 931M | 1.4B | |
Cash And Short Term Investments | 6.2B | 8.0B | 6.4B | 6.4B | 5.9B | 5.8B | |
Common Stock Shares Outstanding | 2.6B | 2.6B | 2.9B | 3.1B | 3.1B | 2.9B | |
Liabilities And Stockholders Equity | 61.4B | 66.7B | 105.4B | 96.5B | 101.1B | 106.2B | |
Non Current Liabilities Total | 28.7B | 30.8B | 43.5B | 33.1B | 31.4B | 33.0B | |
Inventory | 3.2B | 4.0B | 9.0B | 4.7B | 5.4B | 5.7B | |
Total Liab | 46.8B | 51.1B | 66.1B | 59.4B | 62.0B | 65.1B | |
Total Current Assets | 15.6B | 19.5B | 26.2B | 22.6B | 25.1B | 15.3B | |
Short Term Debt | 2.0B | 2.4B | 2.9B | 6.5B | 6.4B | 6.7B | |
Other Stockholder Equity | 8.4B | 8.0B | 35.1B | 35.2B | 35.2B | 36.9B | |
Other Assets | 3.5B | 4.3B | 5.3B | 4.2B | 4.8B | 5.0B | |
Intangible Assets | 20.8B | 20.9B | 42.4B | 39.3B | 38.1B | 40.0B | |
Other Liab | 10.3B | 10.5B | 13.0B | 8.5B | 9.8B | 6.7B | |
Long Term Debt | 15.7B | 17.5B | 28.1B | 23.0B | 22.4B | 11.3B | |
Good Will | 11.7B | 11.8B | 20.0B | 19.8B | 20.0B | 21.1B | |
Other Current Assets | 971M | 1.9B | 4.8B | 4.4B | 5.4B | 5.3B | |
Property Plant Equipment | 8.3B | 8.9B | 10.2B | 9.4B | 10.9B | 7.9B | |
Current Deferred Revenue | 28M | 1.6B | 1.0B | 181M | 149M | 156.5M | |
Net Receivables | 5.2B | 5.7B | 8.8B | 9.9B | 8.4B | 4.5B | |
Property Plant And Equipment Gross | 8.3B | 8.9B | 10.2B | 9.4B | 19.1B | 20.1B | |
Accumulated Other Comprehensive Income | 1.6B | 1.6B | 1.6B | 1.6B | (949M) | (996.5M) | |
Noncontrolling Interest In Consolidated Entity | 1.6B | 1.5B | 16M | 21M | 23M | 21.9M | |
Additional Paid In Capital | 8.1B | 8.1B | 35.3B | 35.3B | 35.3B | 37.1B | |
Net Tangible Assets | (19.4B) | (17.2B) | (23.1B) | (22.1B) | (19.9B) | (20.9B) |
Pair Trading with AstraZeneca PLC
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AstraZeneca PLC position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AstraZeneca PLC will appreciate offsetting losses from the drop in the long position's value.Moving together with AstraZeneca Stock
0.85 | VALN | Valneva SE ADR | PairCorr |
0.67 | DYAI | Dyadic International | PairCorr |
0.76 | ERNA | Eterna Therapeutics | PairCorr |
Moving against AstraZeneca Stock
0.74 | LPCN | Lipocine | PairCorr |
0.65 | WAT | Waters | PairCorr |
0.63 | MNMD | Mind Medicine | PairCorr |
0.44 | GNFT | Genfit | PairCorr |
0.35 | INBX | Inhibrx Symbol Change | PairCorr |
The ability to find closely correlated positions to AstraZeneca PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AstraZeneca PLC when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AstraZeneca PLC - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AstraZeneca PLC ADR to buy it.
The correlation of AstraZeneca PLC is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AstraZeneca PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AstraZeneca PLC ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AstraZeneca PLC can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AstraZeneca PLC ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Pharmaceuticals space 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 AstraZeneca PLC. If investors know AstraZeneca 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 AstraZeneca PLC 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 0.034 | Dividend Share 2.97 | Earnings Share 2.07 | Revenue Per Share 2.7424 | Quarterly Revenue Growth 0.18 |
The market value of AstraZeneca PLC ADR is measured differently than its book value, which is the value of AstraZeneca that is recorded on the company's balance sheet. Investors also form their own opinion of AstraZeneca PLC's value that differs from its market value or its book value, called intrinsic value, which is AstraZeneca PLC'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 AstraZeneca PLC's market value can be influenced by many factors that don't directly affect AstraZeneca PLC'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 AstraZeneca PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if AstraZeneca PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AstraZeneca PLC'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.