Advanced Cash vs Other Current Assets Analysis
AMD Stock | USD 164.47 1.85 1.14% |
Advanced Micro financial indicator trend analysis is way more than just evaluating Advanced Micro Devices prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Advanced Micro Devices is a good investment. Please check the relationship between Advanced Micro Cash and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advanced Micro Devices. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
Cash vs Other Current Assets
Cash vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Advanced Micro Devices Cash account and Other Current Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Advanced Micro's Cash and Other Current Assets is 0.57. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Advanced Micro Devices, assuming nothing else is changed. The correlation between historical values of Advanced Micro's Cash and Other Current 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 Cash of Advanced Micro Devices are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Cash i.e., Advanced Micro's Cash and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.57 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of Advanced Micro Devices, which is listed under current asset account on Advanced Micro Devices balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Advanced Micro customers. The amounts must be unrestricted with restricted cash listed in a different Advanced Micro account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most indicators from Advanced Micro's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Advanced Micro Devices 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 Advanced Micro Devices. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. At present, Advanced Micro's Enterprise Value Over EBITDA is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 27.87, whereas Sales General And Administrative To Revenue is forecasted to decline to 0.08.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 47M | 34M | 106M | 100.7M | Depreciation And Amortization | 354M | 55M | 3.6B | 3.7B |
Advanced Micro fundamental ratios Correlations
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Advanced Micro Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Advanced Micro fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.0B | 9.0B | 12.4B | 67.6B | 67.9B | 71.3B | |
Total Current Liabilities | 2.4B | 2.4B | 4.2B | 6.4B | 6.7B | 7.0B | |
Total Stockholder Equity | 2.8B | 5.8B | 7.5B | 54.8B | 55.9B | 58.7B | |
Retained Earnings | (7.1B) | (4.6B) | (1.5B) | (131M) | 723M | 759.2M | |
Non Currrent Assets Other | 357M | (866M) | 373M | 1.5B | 2.8B | 2.9B | |
Cash And Short Term Investments | 1.5B | 2.3B | 3.6B | 5.9B | 5.8B | 6.1B | |
Net Receivables | 1.9B | 2.1B | 2.7B | 4.1B | 5.4B | 5.7B | |
Common Stock Shares Outstanding | 1.1B | 1.2B | 1.2B | 1.6B | 1.6B | 1.7B | |
Liabilities And Stockholders Equity | 6.0B | 9.0B | 12.4B | 67.6B | 67.9B | 71.3B | |
Inventory | 982M | 1.4B | 2.0B | 3.8B | 4.4B | 4.6B | |
Other Stockholder Equity | 9.9B | 17M | (3M) | (41M) | 55.2B | 57.9B | |
Total Liab | 3.2B | 3.1B | 4.9B | 12.8B | 12.0B | 12.6B | |
Property Plant And Equipment Gross | 500M | 641M | 702M | 2.0B | 4.0B | 2.6B | |
Total Current Assets | 4.6B | 6.1B | 8.6B | 15.0B | 16.8B | 17.6B | |
Cash And Equivalents | 1.5B | 1.6B | 2.5B | 4.8B | 5.6B | 5.8B | |
Short Term Debt | 70M | 136M | 43M | 312M | 751M | 788.6M | |
Current Deferred Revenue | 22M | 1.3B | 2M | 859M | 544M | 571.2M | |
Short Term Investments | 37M | 695M | 1.1B | 1.0B | 1.8B | 1.9B | |
Other Assets | 169M | 1.4B | 2.1B | 1.8B | 2.1B | 2.2B | |
Long Term Debt | 486M | 330M | 1M | 2.5B | 1.7B | 1.6B | |
Property Plant Equipment | 500M | 849M | 1.1B | 2.0B | 1.8B | 1.5B | |
Treasury Stock | (50M) | (53M) | (131M) | (2.1B) | (1.9B) | (1.8B) | |
Intangible Assets | 210M | 229M | 328M | 24.5B | 21.4B | 22.4B | |
Net Tangible Assets | 2.7B | 6.0B | 7.2B | 6.1B | 7.0B | 7.4B | |
Retained Earnings Total Equity | (7.4B) | (7.1B) | (4.6B) | (1.5B) | (1.7B) | (1.8B) | |
Long Term Debt Total | 486M | 330M | 1M | 2.5B | 2.2B | 1.1B |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Advanced Micro Devices is a strong investment it is important to analyze Advanced Micro'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 Advanced Micro's future performance. For an informed investment choice regarding Advanced Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advanced Micro Devices. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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Is Advanced Micro'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 Advanced Micro. If investors know Advanced 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 Advanced Micro 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 48.693 | Earnings Share 0.69 | Revenue Per Share 14.113 | Quarterly Revenue Growth 0.022 | Return On Assets 0.0054 |
The market value of Advanced Micro Devices is measured differently than its book value, which is the value of Advanced that is recorded on the company's balance sheet. Investors also form their own opinion of Advanced Micro's value that differs from its market value or its book value, called intrinsic value, which is Advanced Micro'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 Advanced Micro's market value can be influenced by many factors that don't directly affect Advanced Micro'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 Advanced Micro's value and its price as these two are different measures arrived at by different means. Investors typically determine if Advanced Micro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advanced Micro'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.