Bristol Non Current Assets Total vs Retained Earnings Analysis
BMY Stock | USD 40.49 0.75 1.82% |
Bristol Myers financial indicator trend analysis is way more than just evaluating Bristol Myers Squibb prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bristol Myers Squibb is a good investment. Please check the relationship between Bristol Myers Non Current Assets Total and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bristol Myers Squibb. 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.
Non Current Assets Total vs Retained Earnings
Non Current Assets Total vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bristol Myers Squibb Non Current Assets Total account and Retained Earnings. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Bristol Myers' Non Current Assets Total and Retained Earnings is -0.07. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Bristol Myers Squibb, assuming nothing else is changed. The correlation between historical values of Bristol Myers' Non Current Assets Total and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Bristol Myers Squibb are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Non Current Assets Total i.e., Bristol Myers' Non Current Assets Total and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.07 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.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.Most indicators from Bristol Myers' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bristol Myers Squibb 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 Bristol Myers Squibb. 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 this time, Bristol Myers' Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 12.22 in 2024, whereas Selling General Administrative is likely to drop slightly above 3.6 B in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 36.4B | 36.0B | 34.3B | 36.0B | Total Revenue | 46.4B | 46.2B | 45.0B | 47.3B |
Bristol Myers fundamental ratios Correlations
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Bristol Myers Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bristol Myers fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 129.9B | 118.5B | 109.3B | 96.8B | 95.2B | 99.9B | |
Short Long Term Debt Total | 47.5B | 51.7B | 45.6B | 40.7B | 41.5B | 43.5B | |
Other Current Liab | 7.9B | 10.2B | 10.1B | 13.1B | 11.5B | 12.1B | |
Total Current Liabilities | 18.3B | 19.1B | 21.9B | 21.9B | 22.3B | 23.4B | |
Total Stockholder Equity | 51.6B | 37.8B | 35.9B | 31.1B | 29.4B | 15.0B | |
Property Plant And Equipment Net | 6.3B | 6.7B | 7.0B | 7.5B | 8.0B | 5.2B | |
Net Debt | 35.2B | 37.1B | 31.6B | 31.6B | 30B | 31.5B | |
Retained Earnings | 34.5B | 21.3B | 23.8B | 25.5B | 28.8B | 22.0B | |
Cash | 12.3B | 14.5B | 14.0B | 9.1B | 11.5B | 12.0B | |
Non Current Assets Total | 100.6B | 88.3B | 76.1B | 69.5B | 63.4B | 66.6B | |
Non Currrent Assets Other | 6.6B | 2.1B | 1.7B | 1.0B | 1.9B | 2.0B | |
Cash And Short Term Investments | 12.3B | 14.5B | 14.0B | 9.1B | 12.3B | 12.9B | |
Net Receivables | 7.7B | 8.5B | 12.5B | 13.9B | 15.3B | 16.0B | |
Good Will | 22.5B | 20.5B | 20.5B | 21.1B | 21.2B | 22.2B | |
Common Stock Shares Outstanding | 1.7B | 2.3B | 2.2B | 2.1B | 2.1B | 1.6B | |
Liabilities And Stockholders Equity | 129.9B | 118.5B | 109.3B | 96.8B | 95.2B | 99.9B | |
Non Current Liabilities Total | 59.9B | 61.5B | 51.4B | 43.8B | 43.4B | 45.6B | |
Inventory | 4.3B | 2.1B | 2.1B | 2.3B | 2.7B | 1.9B | |
Other Current Assets | 2.0B | 1.4B | 1.3B | 1.6B | 1.5B | 1.8B | |
Other Stockholder Equity | 18.4B | 18.1B | 13.1B | 6.5B | 1.9B | 2.0B | |
Total Liab | 78.2B | 80.6B | 73.3B | 65.7B | 65.7B | 69.0B | |
Property Plant And Equipment Gross | 6.3B | 5.9B | 11.0B | 11.6B | 12.8B | 13.5B | |
Total Current Assets | 29.4B | 30.2B | 33.3B | 27.3B | 31.8B | 33.4B | |
Accumulated Other Comprehensive Income | (1.5B) | (1.8B) | (1.3B) | (1.3B) | (1.5B) | (1.6B) | |
Short Term Debt | 3.5B | 2.5B | 5.1B | 4.4B | 3.3B | 3.4B | |
Intangible Assets | 64.0B | 53.2B | 42.8B | 36.4B | 27.5B | 28.9B | |
Accounts Payable | 2.4B | 2.7B | 2.9B | 3.0B | 3.3B | 1.9B | |
Short Term Investments | 3.0B | 1.3B | 3.2B | 130M | 816M | 775.2M | |
Other Liab | 15.9B | 12.3B | 11.0B | 7.4B | 8.5B | 4.9B | |
Other Assets | 4.8B | 7.3B | 3.3B | 2.9B | 3.3B | 3.3B | |
Long Term Debt | 43.4B | 48.3B | 39.6B | 35.1B | 36.7B | 38.5B | |
Treasury Stock | (25.4B) | (26.2B) | (31.3B) | (38.6B) | (43.8B) | (41.6B) | |
Property Plant Equipment | 6.3B | 5.9B | 6.0B | 6.3B | 7.2B | 5.8B | |
Current Deferred Revenue | 4.5B | 3.6B | 3.7B | 1.3B | 4.2B | 4.4B | |
Net Tangible Assets | (34.9B) | (36.0B) | (28.2B) | (25.9B) | (23.4B) | (22.2B) | |
Noncontrolling Interest In Consolidated Entity | 96M | 100M | 60M | 57M | 55M | 74.7M |
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Is Bristol Myers' 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 Bristol Myers. If investors know Bristol 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 Bristol Myers 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 (0.09) | Dividend Share 2.34 | Earnings Share (3.10) | Revenue Per Share 22.212 | Quarterly Revenue Growth 0.047 |
The market value of Bristol Myers Squibb is measured differently than its book value, which is the value of Bristol that is recorded on the company's balance sheet. Investors also form their own opinion of Bristol Myers' value that differs from its market value or its book value, called intrinsic value, which is Bristol Myers' 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 Bristol Myers' market value can be influenced by many factors that don't directly affect Bristol Myers' 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 Bristol Myers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bristol Myers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bristol Myers' 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.