Apple Inventory Turnover vs Receivables Turnover Analysis

AAPL Stock  USD 173.72  1.10  0.64%   
Apple financial indicator trend analysis is way more than just evaluating Apple Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Apple Inc is a good investment. Please check the relationship between Apple Inventory Turnover and its Receivables Turnover accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apple 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 american community survey.

Inventory Turnover vs Receivables Turnover

Inventory Turnover vs Receivables Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Apple Inc Inventory Turnover account and Receivables Turnover. At this time, the significance of the direction appears to have strong relationship.
The correlation between Apple's Inventory Turnover and Receivables Turnover is 0.67. Overlapping area represents the amount of variation of Inventory Turnover that can explain the historical movement of Receivables Turnover in the same time period over historical financial statements of Apple Inc, assuming nothing else is changed. The correlation between historical values of Apple's Inventory Turnover and Receivables Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory Turnover of Apple Inc are associated (or correlated) with its Receivables Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Receivables Turnover has no effect on the direction of Inventory Turnover i.e., Apple's Inventory Turnover and Receivables Turnover go up and down completely randomly.

Correlation Coefficient

0.67
Relationship DirectionPositive 
Relationship StrengthSignificant

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Receivables Turnover

Most indicators from Apple's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Apple 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Apple 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 american community survey.
At this time, Apple's Selling General Administrative is quite stable compared to the past year. Enterprise Value Multiple is expected to rise to 20.94 this year, although the value of Tax Provision will most likely fall to about 12 B.
 2021 2022 2023 2024 (projected)
Interest Expense2.9B3.9B4.5B4.7B
Depreciation And Amortization11.1B11.5B13.2B13.9B

Apple fundamental ratios Correlations

0.810.910.170.940.89-0.20.780.970.680.810.88-0.080.940.850.87-0.520.940.950.780.940.930.920.930.890.85
0.810.97-0.370.940.81-0.680.740.710.970.590.97-0.410.870.940.9-0.840.930.870.740.940.850.80.940.970.97
0.910.97-0.210.980.9-0.550.750.840.90.660.99-0.340.930.950.95-0.780.980.920.750.980.920.910.990.980.96
0.17-0.37-0.21-0.13-0.150.91-0.10.3-0.530.14-0.230.79-0.12-0.29-0.110.45-0.17-0.03-0.1-0.13-0.130.0-0.13-0.28-0.36
0.940.940.98-0.130.9-0.480.820.860.870.770.97-0.290.950.940.91-0.70.980.970.821.00.950.930.980.980.96
0.890.810.9-0.150.9-0.470.690.850.740.720.84-0.470.960.870.85-0.570.950.870.690.90.980.930.90.910.89
-0.2-0.68-0.550.91-0.48-0.47-0.41-0.05-0.8-0.17-0.550.85-0.47-0.6-0.440.65-0.51-0.38-0.41-0.48-0.47-0.33-0.47-0.62-0.68
0.780.740.75-0.10.820.69-0.410.640.710.910.75-0.290.850.750.66-0.350.820.911.00.820.820.720.730.840.83
0.970.710.840.30.860.85-0.050.640.550.70.810.050.860.770.83-0.450.870.850.640.860.850.880.880.790.74
0.680.970.9-0.530.870.74-0.80.710.550.540.91-0.520.790.910.79-0.830.860.80.710.870.780.70.860.930.94
0.810.590.660.140.770.72-0.170.910.70.540.63-0.170.840.640.58-0.220.770.90.910.770.820.750.670.750.73
0.880.970.99-0.230.970.84-0.550.750.810.910.63-0.310.890.940.93-0.810.950.910.750.970.880.870.990.960.95
-0.08-0.41-0.340.79-0.29-0.470.85-0.290.05-0.52-0.17-0.31-0.4-0.4-0.240.4-0.38-0.24-0.29-0.29-0.43-0.29-0.27-0.43-0.49
0.940.870.93-0.120.950.96-0.470.850.860.790.840.89-0.40.90.86-0.550.980.960.850.950.990.920.920.960.95
0.850.940.95-0.290.940.87-0.60.750.770.910.640.94-0.40.90.87-0.710.940.880.750.940.890.820.940.950.95
0.870.90.95-0.110.910.85-0.440.660.830.790.580.93-0.240.860.87-0.740.910.860.660.910.860.90.940.90.88
-0.52-0.84-0.780.45-0.7-0.570.65-0.35-0.45-0.83-0.22-0.810.4-0.55-0.71-0.74-0.67-0.57-0.35-0.7-0.56-0.6-0.76-0.71-0.72
0.940.930.98-0.170.980.95-0.510.820.870.860.770.95-0.380.980.940.91-0.670.960.820.980.980.930.970.990.97
0.950.870.92-0.030.970.87-0.380.910.850.80.90.91-0.240.960.880.86-0.570.960.910.970.940.910.920.950.93
0.780.740.75-0.10.820.69-0.411.00.640.710.910.75-0.290.850.750.66-0.350.820.910.820.820.720.730.840.83
0.940.940.98-0.131.00.9-0.480.820.860.870.770.97-0.290.950.940.91-0.70.980.970.820.950.930.980.980.96
0.930.850.92-0.130.950.98-0.470.820.850.780.820.88-0.430.990.890.86-0.560.980.940.820.950.940.920.950.93
0.920.80.910.00.930.93-0.330.720.880.70.750.87-0.290.920.820.9-0.60.930.910.720.930.940.920.890.85
0.930.940.99-0.130.980.9-0.470.730.880.860.670.99-0.270.920.940.94-0.760.970.920.730.980.920.920.960.94
0.890.970.98-0.280.980.91-0.620.840.790.930.750.96-0.430.960.950.9-0.710.990.950.840.980.950.890.961.0
0.850.970.96-0.360.960.89-0.680.830.740.940.730.95-0.490.950.950.88-0.720.970.930.830.960.930.850.941.0
Click cells to compare fundamentals

Apple Account Relationship Matchups

Apple fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets323.9B351.0B352.8B352.6B405.5B425.7B
Other Current Liab42.7B47.5B60.8B58.8B67.7B71.0B
Total Current Liabilities105.4B125.5B154.0B145.3B167.1B175.5B
Total Stockholder Equity65.3B63.1B50.7B62.1B71.5B40.2B
Property Plant And Equipment Net36.8B39.4B42.1B43.7B50.3B52.8B
Net Debt74.4B89.8B96.4B81.1B93.3B98.0B
Retained Earnings15.0B5.6B(3.1B)(214M)(246.1M)(233.8M)
Cash38.0B34.9B23.6B30.0B34.5B36.2B
Non Current Assets Total180.2B216.2B217.4B209.0B240.4B252.4B
Non Currrent Assets Other42.5B48.8B54.4B64.8B74.5B78.2B
Cash And Short Term Investments90.9B62.6B48.3B61.6B70.8B74.3B
Net Receivables37.4B51.5B60.9B61.0B70.1B73.6B
Common Stock Shares Outstanding17.5B16.9B16.3B15.8B18.2B21.0B
Liabilities And Stockholders Equity323.9B351.0B352.8B352.6B405.5B425.7B
Non Current Liabilities Total153.2B162.4B148.1B145.1B166.9B175.2B
Inventory4.1B6.6B4.9B6.3B7.3B7.6B
Other Current Assets11.3B14.1B21.2B14.7B16.9B17.7B
Other Stockholder Equity(406M)163M(11.1B)(11.5B)(10.3B)(9.8B)
Total Liab258.5B287.9B302.1B290.4B334.0B350.7B
Total Current Assets143.7B134.8B135.4B143.6B165.1B173.4B
Accumulated Other Comprehensive Income(406M)163M(11.1B)(11.5B)(10.3B)(9.8B)
Cash And Equivalents38.0B34.9B23.6B30.0B34.5B36.2B
Property Plant Equipment36.8B39.4B42.1B43.7B50.3B52.8B
Short Long Term Debt Total112.4B124.7B120.1B111.1B127.8B134.1B
Short Term Debt13.8B15.6B21.1B15.8B18.2B19.1B
Accounts Payable42.3B54.8B64.1B62.6B72.0B75.6B
Property Plant And Equipment Gross103.5B109.7B114.5B114.6B131.8B138.4B
Accumulated Depreciation58.6B66.8B70.3B72.3B83.2B87.4B
Common Stock Total Equity45.2B50.8B57.4B64.8B74.6B78.3B
Short Term Investments52.9B27.7B24.7B31.6B36.3B18.2B
Common Stock50.8B57.4B64.8B73.8B84.9B89.1B
Other Assets34.0B38.8B54.4B54.1B62.2B65.3B
Long Term Debt98.7B109.1B99.0B95.3B109.6B67.6B
Current Deferred Revenue6.6B7.6B7.9B8.1B9.3B5.5B
Other Liab50.5B46.1B43.1B49.1B56.5B59.3B
Net Tangible Assets90.5B65.3B63.1B50.7B58.3B95.6B
Retained Earnings Total Equity45.9B15.0B5.6B(3.1B)(2.8B)(2.6B)

Pair Trading with Apple

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 Apple 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 Apple will appreciate offsetting losses from the drop in the long position's value.

Moving together with Apple Stock

  0.69KE Kimball Electronics Financial Report 2nd of May 2024 PairCorr

Moving against Apple Stock

  0.72NTNX Nutanix Report 22nd of May 2024 PairCorr
  0.67MAPSW WM TechnologyPairCorr
  0.66MU Micron Technology Earnings Call TomorrowPairCorr
  0.66IBM International Business Fiscal Quarter End 31st of March 2024 PairCorr
  0.55MSFT Microsoft Fiscal Quarter End 31st of March 2024 PairCorr
The ability to find closely correlated positions to Apple could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Apple 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 Apple - 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 Apple Inc to buy it.
The correlation of Apple is a statistical measure of how it moves in relation to other equities. 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 Apple moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Apple Inc 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 Apple 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.
Pair CorrelationCorrelation Matching
When determining whether Apple Inc is a strong investment it is important to analyze Apple's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Apple's future performance. For an informed investment choice regarding Apple Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apple 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 american community survey.
You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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When running Apple's price analysis, check to measure Apple'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 Apple is operating at the current time. Most of Apple's value examination focuses on studying past and present price action to predict the probability of Apple's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Apple's price. Additionally, you may evaluate how the addition of Apple to your portfolios can decrease your overall portfolio volatility.
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Is Apple'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 Apple. If investors know Apple 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 Apple 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
0.16
Dividend Share
0.95
Earnings Share
6.44
Revenue Per Share
24.648
Quarterly Revenue Growth
0.021
The market value of Apple Inc is measured differently than its book value, which is the value of Apple that is recorded on the company's balance sheet. Investors also form their own opinion of Apple's value that differs from its market value or its book value, called intrinsic value, which is Apple'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 Apple's market value can be influenced by many factors that don't directly affect Apple'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 Apple's value and its price as these two are different measures arrived at by different means. Investors typically determine if Apple is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Apple'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.