Unity Good Will vs Short Term Investments Analysis

U Stock

USD 23.53 1.07 4.76%

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

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

Good Will vs Short Term Investments

Good Will vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Unity Software Good Will account and Short Term Investments. At this time, the significance of the direction appears to have pay attention.

The correlation between Unity Software's Good Will and Short Term Investments is -0.84. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Unity Software, assuming nothing else is changed. The correlation between historical values of Unity Software's Good Will and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Unity Software are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Good Will i.e., Unity Software's Good Will and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.84

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Short Term Investments

Short Term Investments is an item under the current assets section of Unity Software balance sheet. It contains any investments Unity Software undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Unity Software can easily liquidate in the marketplace.

Most indicators from Unity Software's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Unity Software 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 Unity Software. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy Unity Stock please use our How to Invest in Unity Software guide.At this time, Unity Software's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.30 in 2024, whereas Selling General Administrative is likely to drop slightly above 295.1 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	1.1M	7.4M	24.6M	25.8M
Depreciation And Amortization	64.6M	211.6M	563.9M	592.1M

Interest Expense Depreciation And Amortization

Unity Software fundamental ratios Correlations

	Total Assets	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	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab
Total Assets		0.98	0.99	0.98	0.84	-0.46	0.8	0.99	0.82	-0.91	0.95	0.94	0.99	-0.33	0.89	0.88	0.99	0.94	0.91	0.82	0.98	0.93	-0.28	0.99	0.99	0.99
Other Current Liab	0.98		0.99	0.94	0.88	-0.57	0.68	0.98	0.83	-0.89	0.97	0.88	0.99	-0.45	0.9	0.78	0.99	0.94	0.82	0.82	0.97	0.9	-0.41	0.98	0.95	0.98
Total Current Liabilities	0.99	0.99		0.98	0.86	-0.46	0.78	1.0	0.8	-0.91	0.96	0.94	0.98	-0.36	0.9	0.87	0.99	0.94	0.9	0.79	0.97	0.94	-0.3	0.99	0.99	0.98
Total Stockholder Equity	0.98	0.94	0.98		0.8	-0.31	0.85	0.98	0.73	-0.88	0.93	0.98	0.94	-0.29	0.87	0.94	0.96	0.9	0.95	0.72	0.94	0.94	-0.18	0.98	0.99	0.95
Other Liab	0.84	0.88	0.86	0.8		-0.69	0.62	0.84	0.84	-0.96	0.81	0.77	0.86	-0.15	0.98	0.63	0.89	0.95	0.64	0.83	0.84	0.92	-0.66	0.85	0.83	0.85
Net Tangible Assets	-0.46	-0.57	-0.46	-0.31	-0.69		-0.03	-0.44	-0.82	0.58	-0.51	-0.19	-0.59	0.28	-0.59	-0.02	-0.53	-0.64	-0.08	-0.79	-0.59	-0.45	0.79	-0.45	-0.37	-0.57
Property Plant And Equipment Net	0.8	0.68	0.78	0.85	0.62	-0.03		0.78	0.51	-0.79	0.62	0.9	0.71	0.22	0.74	0.92	0.76	0.72	0.93	0.6	0.73	0.84	0.09	0.77	0.86	0.74
Current Deferred Revenue	0.99	0.98	1.0	0.98	0.84	-0.44	0.78		0.79	-0.9	0.97	0.94	0.97	-0.36	0.9	0.88	0.98	0.93	0.9	0.77	0.96	0.93	-0.26	0.98	0.98	0.97
Net Debt	0.82	0.83	0.8	0.73	0.84	-0.82	0.51	0.79		-0.86	0.82	0.62	0.87	-0.22	0.84	0.54	0.82	0.92	0.55	0.92	0.89	0.81	-0.49	0.79	0.76	0.88
Retained Earnings	-0.91	-0.89	-0.91	-0.88	-0.96	0.58	-0.79	-0.9	-0.86		-0.83	-0.86	-0.9	0.05	-0.99	-0.77	-0.92	-0.98	-0.77	-0.86	-0.9	-0.98	0.47	-0.9	-0.91	-0.9
Accounts Payable	0.95	0.97	0.96	0.93	0.81	-0.51	0.62	0.97	0.82	-0.83		0.85	0.95	-0.53	0.85	0.8	0.94	0.91	0.79	0.71	0.93	0.88	-0.3	0.95	0.91	0.94
Cash	0.94	0.88	0.94	0.98	0.77	-0.19	0.9	0.94	0.62	-0.86	0.85		0.88	-0.19	0.85	0.96	0.92	0.85	0.97	0.65	0.87	0.93	-0.15	0.95	0.98	0.89
Non Current Assets Total	0.99	0.99	0.98	0.94	0.86	-0.59	0.71	0.97	0.87	-0.9	0.95	0.88		-0.38	0.89	0.79	0.99	0.94	0.84	0.88	1.0	0.9	-0.39	0.98	0.96	1.0
Non Currrent Assets Other	-0.33	-0.45	-0.36	-0.29	-0.15	0.28	0.22	-0.36	-0.22	0.05	-0.53	-0.19	-0.38		-0.11	-0.12	-0.34	-0.2	-0.14	-0.09	-0.34	-0.1	0.24	-0.38	-0.24	-0.35
Other Assets	0.89	0.9	0.9	0.87	0.98	-0.59	0.74	0.9	0.84	-0.99	0.85	0.85	0.89	-0.11		0.74	0.92	0.98	0.74	0.82	0.87	0.97	-0.52	0.89	0.89	0.88
Cash And Short Term Investments	0.88	0.78	0.87	0.94	0.63	-0.02	0.92	0.88	0.54	-0.77	0.8	0.96	0.79	-0.12	0.74		0.82	0.77	0.97	0.53	0.79	0.87	0.09	0.87	0.92	0.81
Net Receivables	0.99	0.99	0.99	0.96	0.89	-0.53	0.76	0.98	0.82	-0.92	0.94	0.92	0.99	-0.34	0.92	0.82		0.94	0.87	0.84	0.97	0.93	-0.39	0.99	0.98	0.98
Good Will	0.94	0.94	0.94	0.9	0.95	-0.64	0.72	0.93	0.92	-0.98	0.91	0.85	0.94	-0.2	0.98	0.77	0.94		0.76	0.87	0.94	0.97	-0.47	0.93	0.92	0.94
Common Stock Total Equity	0.91	0.82	0.9	0.95	0.64	-0.08	0.93	0.9	0.55	-0.77	0.79	0.97	0.84	-0.14	0.74	0.97	0.87	0.76		0.62	0.84	0.85	0.03	0.9	0.95	0.86
Common Stock Shares Outstanding	0.82	0.82	0.79	0.72	0.83	-0.79	0.6	0.77	0.92	-0.86	0.71	0.65	0.88	-0.09	0.82	0.53	0.84	0.87	0.62		0.9	0.78	-0.53	0.79	0.79	0.88
Non Current Liabilities Total	0.98	0.97	0.97	0.94	0.84	-0.59	0.73	0.96	0.89	-0.9	0.93	0.87	1.0	-0.34	0.87	0.79	0.97	0.94	0.84	0.9		0.9	-0.36	0.97	0.96	1.0
Capital Surpluse	0.93	0.9	0.94	0.94	0.92	-0.45	0.84	0.93	0.81	-0.98	0.88	0.93	0.9	-0.1	0.97	0.87	0.93	0.97	0.85	0.78	0.9		-0.34	0.93	0.95	0.91
Inventory	-0.28	-0.41	-0.3	-0.18	-0.66	0.79	0.09	-0.26	-0.49	0.47	-0.3	-0.15	-0.39	0.24	-0.52	0.09	-0.39	-0.47	0.03	-0.53	-0.36	-0.34		-0.33	-0.23	-0.35
Other Current Assets	0.99	0.98	0.99	0.98	0.85	-0.45	0.77	0.98	0.79	-0.9	0.95	0.95	0.98	-0.38	0.89	0.87	0.99	0.93	0.9	0.79	0.97	0.93	-0.33		0.98	0.98
Other Stockholder Equity	0.99	0.95	0.99	0.99	0.83	-0.37	0.86	0.98	0.76	-0.91	0.91	0.98	0.96	-0.24	0.89	0.92	0.98	0.92	0.95	0.79	0.96	0.95	-0.23	0.98		0.97
Total Liab	0.99	0.98	0.98	0.95	0.85	-0.57	0.74	0.97	0.88	-0.9	0.94	0.89	1.0	-0.35	0.88	0.81	0.98	0.94	0.86	0.88	1.0	0.91	-0.35	0.98	0.97

Click cells to compare fundamentals

Unity Software Account Relationship Matchups

Unity Software fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	762.9M	2.7B	4.8B	7.8B	7.2B	4.4B
Other Current Liab	239.8M	263.2M	358.8M	737.5M	602.0M	434.2M
Total Current Liabilities	336.5M	503.2M	625.5M	1.0B	894.1M	664.3M
Total Stockholder Equity	393.9M	2.0B	2.4B	3.5B	3.2B	2.2B
Other Liab	32.4M	32.3M	25.8M	254.6M	292.8M	307.5M
Net Tangible Assets	(573.0M)	1.7B	(40.1M)	(1.6B)	(1.4B)	(1.4B)
Property Plant And Equipment Net	79.0M	199.2M	204.5M	121.9M	254.1M	169.9M
Current Deferred Revenue	86.0M	113.9M	140.5M	218.1M	186.8M	146.7M
Net Debt	(130.0M)	(1.1B)	763.5M	1.2B	1.1B	1.2B
Retained Earnings	(515.2M)	(797.5M)	(1.3B)	(2.2B)	(3.1B)	(2.9B)
Accounts Payable	10.7M	11.3M	14.0M	20.2M	14.5M	14.7M
Cash	130.0M	1.3B	1.1B	1.5B	1.6B	1.1B
Non Current Assets Total	395.4M	590.6M	2.7B	5.5B	4.9B	2.6B
Non Currrent Assets Other	36.1M	47.7M	51.2M	(212M)	91.4M	95.9M
Other Assets	36.1M	47.7M	51.2M	103.8M	119.3M	125.3M
Cash And Short Term Investments	130.0M	1.8B	1.7B	1.6B	1.6B	1.3B
Net Receivables	204.9M	274.3M	340.5M	633.8M	611.7M	406.6M
Good Will	218.3M	286.3M	1.6B	3.2B	3.2B	3.3B
Liabilities And Stockholders Equity	762.9M	2.7B	4.8B	7.8B	7.2B	4.4B
Non Current Liabilities Total	32.4M	130.9M	1.8B	3.1B	2.9B	1.5B
Capital Surpluse	226.2M	2.8B	3.7B	5.8B	6.6B	7.0B
Inventory	23.1M	32.0M	39.1M	1.0	0.9	0.86
Other Current Assets	9.4M	54.4M	73.5M	144.1M	122.8M	76.7M
Other Stockholder Equity	226.2M	2.8B	3.7B	5.8B	6.3B	3.5B
Total Liab	368.9M	634.1M	2.4B	4.1B	3.8B	2.1B
Net Invested Capital	(292.6M)	2.0B	4.1B	6.2B	5.9B	3.2B
Property Plant And Equipment Gross	79.0M	199.2M	204.5M	245.5M	284.8M	198.1M
Total Current Assets	367.4M	2.1B	2.2B	2.4B	2.3B	1.8B
Accumulated Other Comprehensive Income	(3.6M)	(3.4M)	(3.9M)	(1.7M)	(5.0M)	(5.3M)
Non Current Liabilities Other	21.8M	11.8M	9.9M	259.0M	217.2M	228.1M
Net Working Capital	30.9M	1.6B	1.5B	1.4B	1.4B	1.1B
Short Term Debt	0.0	50.8M	47.5M	34.5M	39.1M	35.6M
Intangible Assets	62.0M	57.5M	814.4M	1.9B	1.4B	783.2M
Property Plant Equipment	79.0M	199.2M	204.5M	242.4M	278.8M	174.4M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Unity Stock Analysis

When running Unity Software's price analysis, check to measure Unity Software's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Unity Software is operating at the current time. Most of Unity Software's value examination focuses on studying past and present price action to predict the probability of Unity Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unity Software's price. Additionally, you may evaluate how the addition of Unity Software to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC