Thoughtworks Retained Earnings vs Intangible Assets Analysis

TWKS Stock

USD 4.47 0.02 0.45%

Thoughtworks Holding financial indicator trend analysis is much more than just breaking down Thoughtworks Holding prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Thoughtworks Holding is a good investment. Please check the relationship between Thoughtworks Holding Retained Earnings and its Intangible Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thoughtworks Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy Thoughtworks Stock please use our How to Invest in Thoughtworks Holding guide.

Retained Earnings vs Intangible Assets

Retained Earnings vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Thoughtworks Holding Retained Earnings account and Intangible Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between Thoughtworks Holding's Retained Earnings and Intangible Assets is 0.73. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Thoughtworks Holding, assuming nothing else is changed. The correlation between historical values of Thoughtworks Holding's Retained Earnings and Intangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Thoughtworks Holding are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Retained Earnings i.e., Thoughtworks Holding's Retained Earnings and Intangible Assets go up and down completely randomly.

Correlation Coefficient

0.73

Relationship Direction	Positive
Relationship Strength	Significant

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Most indicators from Thoughtworks Holding's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Thoughtworks Holding 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Thoughtworks Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy Thoughtworks Stock please use our How to Invest in Thoughtworks Holding guide.Tax Provision is likely to drop to about 23.9 M in 2024. Selling General Administrative is likely to drop to about 314.1 M in 2024

	2021	2022	2023	2024 (projected)
Interest Expense	25.5M	22.5M	26.2M	20.2M
Depreciation And Amortization	29.5M	53.0M	36.5M	37.2M

Interest Expense Depreciation And Amortization

Thoughtworks Holding fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Other Current Assets	Other Stockholder Equity
Total Assets		-0.26	0.8	0.92	0.87	-0.61	0.9	0.63	0.42	-0.88	-0.57	-0.55	0.83	0.72	0.91	0.87	-0.37	0.83	0.8	0.72	0.81	-0.11	0.19	0.63	0.68	0.53
Short Long Term Debt Total	-0.26		-0.18	-0.26	-0.4	0.68	-0.4	-0.51	-0.53	0.11	0.69	0.84	0.13	-0.65	-0.14	-0.32	0.96	0.13	-0.42	-0.66	-0.48	-0.78	0.46	-0.74	0.06	-0.4
Other Current Liab	0.8	-0.18		0.96	0.94	-0.79	0.95	0.72	0.42	-0.49	-0.79	-0.46	0.46	0.79	0.97	0.95	-0.34	0.46	0.88	0.8	0.95	-0.3	-0.31	0.66	0.84	0.87
Total Current Liabilities	0.92	-0.26	0.96		0.98	-0.8	0.99	0.79	0.42	-0.65	-0.77	-0.53	0.6	0.85	0.98	0.97	-0.43	0.6	0.93	0.86	0.95	-0.17	-0.16	0.74	0.75	0.81
Total Stockholder Equity	0.87	-0.4	0.94	0.98		-0.89	0.99	0.87	0.47	-0.59	-0.86	-0.63	0.49	0.91	0.92	0.96	-0.58	0.49	0.97	0.94	0.97	-0.03	-0.28	0.83	0.67	0.88
Other Liab	-0.61	0.68	-0.79	-0.8	-0.89		-0.87	-0.91	-0.44	0.24	0.99	0.7	-0.09	-0.97	-0.69	-0.8	0.82	-0.09	-0.91	-0.98	-0.93	-0.3	0.63	-0.95	-0.43	-0.93
Net Tangible Assets	0.9	-0.4	0.95	0.99	0.99	-0.87		0.83	0.49	-0.63	-0.85	-0.64	0.54	0.91	0.95	0.97	-0.56	0.54	0.95	0.92	0.98	-0.05	-0.24	0.81	0.72	0.84
Property Plant And Equipment Net	0.63	-0.51	0.72	0.79	0.87	-0.91	0.83		0.16	-0.29	-0.86	-0.49	0.16	0.94	0.64	0.72	-0.71	0.16	0.96	0.94	0.83	0.31	-0.47	0.94	0.25	0.87
Current Deferred Revenue	0.42	-0.53	0.42	0.42	0.47	-0.44	0.49	0.16		-0.46	-0.46	-0.87	0.31	0.35	0.45	0.62	-0.49	0.31	0.26	0.45	0.51	-0.08	-0.13	0.29	0.6	0.36
Net Debt	-0.88	0.11	-0.49	-0.65	-0.59	0.24	-0.63	-0.29	-0.46		0.19	0.49	-0.97	-0.37	-0.69	-0.65	0.17	-0.97	-0.46	-0.4	-0.48	0.19	-0.58	-0.28	-0.55	-0.13
Retained Earnings	-0.57	0.69	-0.79	-0.77	-0.86	0.99	-0.85	-0.86	-0.46	0.19		0.69	-0.04	-0.96	-0.68	-0.78	0.8	-0.04	-0.87	-0.95	-0.93	-0.29	0.68	-0.93	-0.46	-0.92
Accounts Payable	-0.55	0.84	-0.46	-0.53	-0.63	0.7	-0.64	-0.49	-0.87	0.49	0.69		-0.28	-0.66	-0.48	-0.66	0.83	-0.28	-0.52	-0.73	-0.67	-0.34	0.25	-0.66	-0.4	-0.49
Cash	0.83	0.13	0.46	0.6	0.49	-0.09	0.54	0.16	0.31	-0.97	-0.04	-0.28		0.23	0.67	0.58	0.07	1.0	0.37	0.25	0.38	-0.37	0.68	0.11	0.58	0.04
Non Current Assets Total	0.72	-0.65	0.79	0.85	0.91	-0.97	0.91	0.94	0.35	-0.37	-0.96	-0.66	0.23		0.74	0.8	-0.79	0.23	0.96	0.98	0.93	0.34	-0.49	0.98	0.41	0.87
Non Currrent Assets Other	0.91	-0.14	0.97	0.98	0.92	-0.69	0.95	0.64	0.45	-0.69	-0.68	-0.48	0.67	0.74		0.96	-0.28	0.67	0.84	0.75	0.91	-0.33	-0.07	0.6	0.87	0.73
Other Assets	0.87	-0.32	0.95	0.97	0.96	-0.8	0.97	0.72	0.62	-0.65	-0.78	-0.66	0.58	0.8	0.96		-0.47	0.58	0.87	0.85	0.95	-0.22	-0.19	0.69	0.82	0.81
Long Term Debt	-0.37	0.96	-0.34	-0.43	-0.58	0.82	-0.56	-0.71	-0.49	0.17	0.8	0.83	0.07	-0.79	-0.28	-0.47		0.07	-0.62	-0.81	-0.62	-0.72	0.52	-0.87	0.0	-0.58
Cash And Short Term Investments	0.83	0.13	0.46	0.6	0.49	-0.09	0.54	0.16	0.31	-0.97	-0.04	-0.28	1.0	0.23	0.67	0.58	0.07		0.37	0.25	0.38	-0.37	0.68	0.11	0.58	0.04
Net Receivables	0.8	-0.42	0.88	0.93	0.97	-0.91	0.95	0.96	0.26	-0.46	-0.87	-0.52	0.37	0.96	0.84	0.87	-0.62	0.37		0.95	0.93	0.12	-0.36	0.9	0.5	0.89
Good Will	0.72	-0.66	0.8	0.86	0.94	-0.98	0.92	0.94	0.45	-0.4	-0.95	-0.73	0.25	0.98	0.75	0.85	-0.81	0.25	0.95		0.94	0.29	-0.48	0.96	0.44	0.89
Common Stock Total Equity	0.81	-0.48	0.95	0.95	0.97	-0.93	0.98	0.83	0.51	-0.48	-0.93	-0.67	0.38	0.93	0.91	0.95	-0.62	0.38	0.93	0.94		0.0	-0.41	0.85	0.71	0.9
Common Stock Shares Outstanding	-0.11	-0.78	-0.3	-0.17	-0.03	-0.3	-0.05	0.31	-0.08	0.19	-0.29	-0.34	-0.37	0.34	-0.33	-0.22	-0.72	-0.37	0.12	0.29	0.0		-0.3	0.51	-0.63	0.0
Non Current Liabilities Total	0.19	0.46	-0.31	-0.16	-0.28	0.63	-0.24	-0.47	-0.13	-0.58	0.68	0.25	0.68	-0.49	-0.07	-0.19	0.52	0.68	-0.36	-0.48	-0.41	-0.3		-0.52	-0.03	-0.68
Capital Lease Obligations	0.63	-0.74	0.66	0.74	0.83	-0.95	0.81	0.94	0.29	-0.28	-0.93	-0.66	0.11	0.98	0.6	0.69	-0.87	0.11	0.9	0.96	0.85	0.51	-0.52		0.23	0.81
Other Current Assets	0.68	0.06	0.84	0.75	0.67	-0.43	0.72	0.25	0.6	-0.55	-0.46	-0.4	0.58	0.41	0.87	0.82	0.0	0.58	0.5	0.44	0.71	-0.63	-0.03	0.23		0.53
Other Stockholder Equity	0.53	-0.4	0.87	0.81	0.88	-0.93	0.84	0.87	0.36	-0.13	-0.92	-0.49	0.04	0.87	0.73	0.81	-0.58	0.04	0.89	0.89	0.9	0.0	-0.68	0.81	0.53

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Thoughtworks Retained Earnings vs Intangible Assets Analysis

Retained Earnings vs Intangible Assets

Retained Earnings vs Intangible Assets Correlation Analysis

Correlation Coefficient

Retained Earnings

Intangible Assets

Thoughtworks Holding fundamental ratios Correlations

Thoughtworks Holding Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Thoughtworks Stock Analysis

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Cash And Short Term Investments	+ 1.0	Cash
Net Tangible Assets	+ 0.99	Total Current Liabilities
Net Tangible Assets	+ 0.99	Total Stockholder Equity
Retained Earnings	+ 0.99	Other Liab
Total Stockholder Equity	+ 0.98	Total Current Liabilities
Non Currrent Assets Other	+ 0.98	Total Current Liabilities

Good Will	- 0.98	Other Liab
Cash And Short Term Investments	- 0.97	Net Debt
Cash	- 0.97	Net Debt
Non Current Assets Total	- 0.97	Other Liab
Non Current Assets Total	- 0.96	Retained Earnings
Good Will	- 0.95	Retained Earnings