Comcast Retained Earnings vs Accounts Payable Analysis
CMCSA Stock | USD 38.54 0.51 1.31% |
Comcast Corp financial indicator trend analysis is way more than just evaluating Comcast Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Comcast Corp is a good investment. Please check the relationship between Comcast Corp Retained Earnings and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Comcast Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For information on how to trade Comcast Stock refer to our How to Trade Comcast Stock guide.
Retained Earnings vs Accounts Payable
Retained Earnings vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Comcast Corp Retained Earnings account and Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Comcast Corp's Retained Earnings and Accounts Payable is 0.95. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Comcast Corp, assuming nothing else is changed. The correlation between historical values of Comcast Corp's Retained Earnings and Accounts Payable 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 Comcast Corp are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Retained Earnings i.e., Comcast Corp's Retained Earnings and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
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.Accounts Payable
An accounting item on the balance sheet that represents Comcast Corp obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Comcast Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from Comcast Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Comcast Corp 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 Comcast Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For information on how to trade Comcast Stock refer to our How to Trade Comcast Stock guide.At present, Comcast Corp's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 12.80, whereas Tax Provision is forecasted to decline to about 3.4 B.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 77.9B | 83.2B | 84.8B | 89.1B | Total Revenue | 116.4B | 121.4B | 121.6B | 127.7B |
Comcast Corp fundamental ratios Correlations
Click cells to compare fundamentals
Comcast Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Comcast Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 263.4B | 273.9B | 275.9B | 257.3B | 264.8B | 278.1B | |
Short Long Term Debt Total | 102.2B | 103.8B | 94.9B | 94.8B | 97.1B | 101.9B | |
Other Current Liab | 12.2B | 11.3B | 11.7B | 11.2B | 22.5B | 23.6B | |
Total Current Liabilities | 30.3B | 28.8B | 29.3B | 27.9B | 40.2B | 42.2B | |
Total Stockholder Equity | 82.7B | 90.3B | 96.1B | 80.9B | 82.7B | 86.8B | |
Property Plant And Equipment Net | 48.3B | 52.0B | 54.0B | 55.5B | 59.7B | 62.7B | |
Net Debt | 96.7B | 92.0B | 86.1B | 90.1B | 90.9B | 95.4B | |
Retained Earnings | 50.7B | 56.4B | 61.9B | 51.6B | 52.9B | 55.5B | |
Cash | 5.5B | 11.7B | 8.7B | 4.7B | 6.2B | 6.5B | |
Non Current Assets Total | 238.0B | 247.1B | 251.1B | 235.4B | 240.8B | 252.8B | |
Non Currrent Assets Other | (19.3B) | (19.9B) | (17.6B) | (16.2B) | (13.7B) | (13.0B) | |
Cash And Short Term Investments | 5.5B | 11.7B | 8.7B | 4.7B | 6.2B | 3.3B | |
Net Receivables | 11.3B | 11.5B | 12.0B | 12.7B | 13.8B | 14.5B | |
Common Stock Shares Outstanding | 4.6B | 4.6B | 4.7B | 4.4B | 4.1B | 3.3B | |
Liabilities And Stockholders Equity | 263.4B | 273.9B | 275.9B | 257.3B | 264.8B | 278.1B | |
Non Current Liabilities Total | 147.9B | 152.1B | 148.5B | 147.4B | 141.1B | 148.2B | |
Other Current Assets | 8.6B | 3.5B | 4.1B | 4.4B | 4.0B | 4.2B | |
Other Stockholder Equity | 29.6B | 30.7B | 32.1B | 31.9B | 31.0B | 21.8B | |
Total Liab | 178.2B | 180.9B | 177.9B | 175.2B | 181.3B | 190.4B | |
Property Plant And Equipment Gross | 48.3B | 52.0B | 109.7B | 112.4B | 118.4B | 124.3B | |
Total Current Assets | 25.4B | 26.7B | 24.8B | 21.8B | 24.0B | 25.2B | |
Accumulated Other Comprehensive Income | 1.0B | 1.9B | 1.5B | (2.6B) | (1.3B) | (1.2B) | |
Short Term Debt | 4.5B | 3.1B | 2.1B | 1.7B | 2.1B | 2.0B | |
Accounts Payable | 10.8B | 11.4B | 12.5B | 12.5B | 12.4B | 13.1B | |
Intangible Assets | 104.4B | 108.1B | 105.8B | 101.2B | 100.1B | 66.6B | |
Other Liab | 41.1B | 46.3B | 50.7B | 43.0B | 49.5B | 51.9B | |
Other Assets | 14.5B | 21.9B | 25.8B | 8M | 35M | 33.3M | |
Long Term Debt | 97.8B | 100.6B | 92.7B | 93.1B | 95.0B | 53.9B | |
Property Plant Equipment | 48.3B | 52.0B | 54.0B | 55.5B | 63.8B | 32.6B | |
Current Deferred Revenue | 2.8B | 3.0B | 3.0B | 2.4B | 3.2B | 2.0B | |
Good Will | 68.7B | 70.7B | 70.2B | 58.5B | 59.3B | 37.1B | |
Noncontrolling Interest In Consolidated Entity | 1.1B | 1.4B | 1.4B | 684M | 615.6M | 584.8M | |
Retained Earnings Total Equity | 50.7B | 56.4B | 61.9B | 51.6B | 59.4B | 34.4B | |
Deferred Long Term Liab | 28.2B | 28.1B | 30.0B | 28.7B | 33.0B | 21.7B |
Pair Trading with Comcast Corp
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 Comcast Corp 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 Comcast Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Comcast Stock
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The ability to find closely correlated positions to Comcast Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Comcast Corp 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 Comcast Corp - 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 Comcast Corp to buy it.
The correlation of Comcast Corp is a statistical measure of how it moves in relation to other instruments. 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 Comcast Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Comcast Corp 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 Comcast Corp 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Comcast Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For information on how to trade Comcast Stock refer to our How to Trade Comcast Stock guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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When running Comcast Corp's price analysis, check to measure Comcast Corp'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 Comcast Corp is operating at the current time. Most of Comcast Corp's value examination focuses on studying past and present price action to predict the probability of Comcast Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Comcast Corp's price. Additionally, you may evaluate how the addition of Comcast Corp to your portfolios can decrease your overall portfolio volatility.
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Is Comcast Corp'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 Comcast Corp. If investors know Comcast 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 Comcast Corp 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 0.066 | Dividend Share 1.18 | Earnings Share 3.77 | Revenue Per Share 30.036 | Quarterly Revenue Growth 0.012 |
The market value of Comcast Corp is measured differently than its book value, which is the value of Comcast that is recorded on the company's balance sheet. Investors also form their own opinion of Comcast Corp's value that differs from its market value or its book value, called intrinsic value, which is Comcast Corp'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 Comcast Corp's market value can be influenced by many factors that don't directly affect Comcast Corp'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 Comcast Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Comcast Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comcast Corp'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.