ExlService Cash And Short Term Investments vs Net Receivables Analysis

EXLS Stock

USD 29.18 0.09 0.31%

ExlService Holdings financial indicator trend analysis is much more than just examining ExlService Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ExlService Holdings is a good investment. Please check the relationship between ExlService Holdings Cash And Short Term Investments and its Net Receivables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ExlService Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

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

Cash And Short Term Investments vs Net Receivables

Cash And Short Term Investments vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ExlService Holdings Cash And Short Term Investments account and Net Receivables. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between ExlService Holdings' Cash And Short Term Investments and Net Receivables is 0.56. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Receivables in the same time period over historical financial statements of ExlService Holdings, assuming nothing else is changed. The correlation between historical values of ExlService Holdings' Cash And Short Term Investments and Net Receivables 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 And Short Term Investments of ExlService Holdings are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Cash And Short Term Investments i.e., ExlService Holdings' Cash And Short Term Investments and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.56

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of ExlService Holdings balance sheet. This account contains ExlService Holdings investments that will expire within one year. These investments include stocks and bonds that can be liquidated by ExlService Holdings fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Net Receivables

Most indicators from ExlService Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ExlService Holdings 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ExlService Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy ExlService Stock please use our How to Invest in ExlService Holdings guide.At this time, ExlService Holdings' Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.17 in 2024, whereas Tax Provision is likely to drop slightly above 31.4 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	431.4M	515.4M	562.7M	590.8M
Total Revenue	1.1B	1.4B	1.6B	1.7B

Gross Profit Total Revenue

ExlService Holdings fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Cash	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Current Deferred Revenue	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Net Receivables	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets
Total Assets		0.98	0.78	0.31	0.64	0.81	0.49	-0.54	0.98	0.99	0.92	0.96	0.87	0.93	0.59	0.95	0.73	1.0	0.7	0.75	0.92	0.77	0.87	0.84	0.15	0.95
Total Stockholder Equity	0.98		0.66	0.38	0.6	0.79	0.55	-0.49	0.91	0.99	0.82	0.96	0.82	0.87	0.55	0.95	0.69	0.96	0.69	0.63	0.94	0.81	0.81	0.77	0.12	0.95
Net Debt	0.78	0.66		-0.21	0.53	0.59	0.13	-0.55	0.88	0.71	0.93	0.73	0.75	0.81	0.38	0.7	0.59	0.82	0.61	0.86	0.68	0.38	0.89	0.81	0.16	0.71
Cash	0.31	0.38	-0.21		0.16	0.56	0.65	0.23	0.21	0.38	0.17	0.21	0.18	0.25	0.61	0.23	0.38	0.26	0.07	0.14	0.15	0.58	0.0	0.17	0.28	0.2
Other Assets	0.64	0.6	0.53	0.16		0.43	-0.02	-0.67	0.65	0.61	0.62	0.62	0.5	0.75	0.63	0.69	0.34	0.63	0.31	0.39	0.63	0.23	0.52	0.65	-0.34	0.72
Cash And Short Term Investments	0.81	0.79	0.59	0.56	0.43		0.74	-0.05	0.79	0.84	0.79	0.66	0.64	0.76	0.78	0.64	0.83	0.78	0.72	0.8	0.56	0.82	0.8	0.75	0.49	0.67
Common Stock Shares Outstanding	0.49	0.55	0.13	0.65	-0.02	0.74		0.24	0.4	0.56	0.37	0.38	0.34	0.32	0.43	0.35	0.58	0.45	0.53	0.44	0.32	0.78	0.4	0.35	0.54	0.34
Other Stockholder Equity	-0.54	-0.49	-0.55	0.23	-0.67	-0.05	0.24		-0.56	-0.46	-0.48	-0.69	-0.65	-0.57	-0.14	-0.72	-0.12	-0.57	-0.16	-0.23	-0.72	-0.08	-0.35	-0.33	0.48	-0.67
Total Liab	0.98	0.91	0.88	0.21	0.65	0.79	0.4	-0.56		0.94	0.98	0.92	0.89	0.95	0.61	0.91	0.75	0.99	0.67	0.84	0.87	0.68	0.89	0.86	0.18	0.9
Total Current Assets	0.99	0.99	0.71	0.38	0.61	0.84	0.56	-0.46	0.94		0.87	0.95	0.84	0.9	0.61	0.94	0.74	0.97	0.71	0.71	0.91	0.81	0.85	0.81	0.18	0.94
Short Long Term Debt Total	0.92	0.82	0.93	0.17	0.62	0.79	0.37	-0.48	0.98	0.87		0.82	0.83	0.92	0.61	0.81	0.73	0.93	0.63	0.91	0.76	0.6	0.89	0.89	0.25	0.8
Other Current Liab	0.96	0.96	0.73	0.21	0.62	0.66	0.38	-0.69	0.92	0.95	0.82		0.9	0.88	0.47	0.99	0.63	0.96	0.65	0.61	0.98	0.71	0.78	0.72	0.0	0.97
Total Current Liabilities	0.87	0.82	0.75	0.18	0.5	0.64	0.34	-0.65	0.89	0.84	0.83	0.9		0.86	0.54	0.86	0.63	0.89	0.56	0.66	0.81	0.62	0.74	0.54	0.27	0.81
Property Plant And Equipment Net	0.93	0.87	0.81	0.25	0.75	0.76	0.32	-0.57	0.95	0.9	0.92	0.88	0.86		0.69	0.87	0.68	0.94	0.65	0.71	0.82	0.63	0.83	0.79	0.14	0.85
Current Deferred Revenue	0.59	0.55	0.38	0.61	0.63	0.78	0.43	-0.14	0.61	0.61	0.61	0.47	0.54	0.69		0.48	0.63	0.57	0.36	0.56	0.34	0.52	0.52	0.53	0.3	0.52
Retained Earnings	0.95	0.95	0.7	0.23	0.69	0.64	0.35	-0.72	0.91	0.94	0.81	0.99	0.86	0.87	0.48		0.59	0.95	0.59	0.58	0.99	0.67	0.75	0.73	-0.08	0.98
Accounts Payable	0.73	0.69	0.59	0.38	0.34	0.83	0.58	-0.12	0.75	0.74	0.73	0.63	0.63	0.68	0.63	0.59		0.73	0.64	0.73	0.52	0.72	0.74	0.68	0.35	0.62
Non Current Assets Total	1.0	0.96	0.82	0.26	0.63	0.78	0.45	-0.57	0.99	0.97	0.93	0.96	0.89	0.94	0.57	0.95	0.73		0.69	0.77	0.92	0.75	0.86	0.84	0.14	0.93
Non Currrent Assets Other	0.7	0.69	0.61	0.07	0.31	0.72	0.53	-0.16	0.67	0.71	0.63	0.65	0.56	0.65	0.36	0.59	0.64	0.69		0.61	0.59	0.77	0.79	0.62	0.38	0.62
Long Term Debt	0.75	0.63	0.86	0.14	0.39	0.8	0.44	-0.23	0.84	0.71	0.91	0.61	0.66	0.71	0.56	0.58	0.73	0.77	0.61		0.53	0.56	0.83	0.84	0.41	0.62
Net Receivables	0.92	0.94	0.68	0.15	0.63	0.56	0.32	-0.72	0.87	0.91	0.76	0.98	0.81	0.82	0.34	0.99	0.52	0.92	0.59	0.53		0.65	0.72	0.71	-0.14	0.96
Common Stock Total Equity	0.77	0.81	0.38	0.58	0.23	0.82	0.78	-0.08	0.68	0.81	0.6	0.71	0.62	0.63	0.52	0.67	0.72	0.75	0.77	0.56	0.65		0.6	0.56	0.39	0.66
Short Term Investments	0.87	0.81	0.89	0.0	0.52	0.8	0.4	-0.35	0.89	0.85	0.89	0.78	0.74	0.83	0.52	0.75	0.74	0.86	0.79	0.83	0.72	0.6		0.84	0.31	0.8
Non Current Liabilities Total	0.84	0.77	0.81	0.17	0.65	0.75	0.35	-0.33	0.86	0.81	0.89	0.72	0.54	0.79	0.53	0.73	0.68	0.84	0.62	0.84	0.71	0.56	0.84		0.03	0.77
Inventory	0.15	0.12	0.16	0.28	-0.34	0.49	0.54	0.48	0.18	0.18	0.25	0.0	0.27	0.14	0.3	-0.08	0.35	0.14	0.38	0.41	-0.14	0.39	0.31	0.03		-0.09
Other Current Assets	0.95	0.95	0.71	0.2	0.72	0.67	0.34	-0.67	0.9	0.94	0.8	0.97	0.81	0.85	0.52	0.98	0.62	0.93	0.62	0.62	0.96	0.66	0.8	0.77	-0.09

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ExlService Holdings Account Relationship Matchups

ExlService Holdings fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.2B	1.2B	1.3B	1.3B	1.4B	1.5B
Total Stockholder Equity	670.0M	719.2M	693.2M	758.2M	889.4M	933.9M
Net Debt	215.4M	112.2M	211.7M	194.5M	130.7M	137.3M
Cash	119.2M	218.5M	135.3M	118.7M	141.0M	122.4M
Other Assets	48.3M	137.0M	54.1M	89.9M	103.4M	108.6M
Cash And Short Term Investments	321.4M	402.8M	313.9M	297.7M	294.9M	188.8M
Common Stock Shares Outstanding	173.7M	172.8M	171.2M	169.2M	168.2M	110.4M
Liabilities And Stockholders Equity	1.2B	1.2B	1.3B	1.3B	1.4B	1.5B
Other Stockholder Equity	203.0M	152.7M	26.5M	3.2M	(67.4M)	(64.0M)
Total Liab	513.1M	528.7M	589.7M	587.9M	552.5M	580.2M
Total Current Assets	541.3M	609.3M	578.1M	612.8M	676.4M	710.2M
Short Long Term Debt Total	334.5M	330.7M	347.0M	313.1M	271.8M	285.3M
Other Current Liab	144.1M	137.5M	190.3M	206.4M	231.1M	242.6M
Total Current Liabilities	229.3M	221.1M	495.7M	277.9M	326.4M	342.7M
Property Plant And Equipment Net	165.5M	184.8M	162.7M	138.2M	165.2M	173.5M
Current Deferred Revenue	13.4M	32.6M	20M	18.8M	12.3M	11.6M
Retained Earnings	551.9M	641.4M	756.1M	899.1M	1.1B	1.1B
Accounts Payable	6.6M	7.0M	6.9M	7.8M	5.1M	5.4M
Non Current Assets Total	641.8M	638.6M	704.8M	733.3M	765.6M	803.9M
Non Currrent Assets Other	38.4M	34.4M	32.7M	34.1M	42.7M	24.8M
Long Term Debt	263.2M	194.1M	202.0M	220M	135M	71.6M
Net Receivables	171.9M	147.6M	194.2M	259.2M	329.4M	345.9M
Common Stock Total Equity	37K	38K	39K	40K	46K	34.8K
Short Term Investments	202.2M	184.3M	178.5M	179.0M	153.9M	161.6M
Non Current Liabilities Total	283.7M	307.6M	94.1M	310.0M	226.1M	237.4M
Inventory	23.4M	21.7M	36.0M	4.9M	5.6M	5.3M
Other Current Assets	24.6M	37.1M	34.0M	51.0M	52.0M	54.6M
Property Plant And Equipment Gross	165.5M	184.8M	162.7M	138.2M	388.9M	408.3M
Accumulated Other Comprehensive Income	(84.9M)	(75.0M)	(89.5M)	(144.1M)	(127.0M)	(120.7M)
Treasury Stock	(188.3M)	(268.2M)	(369.3M)	(441.9M)	(397.7M)	(377.9M)
Short Term Debt	65.3M	43.9M	278.5M	45.0M	78.0M	81.9M
Common Stock	37K	38K	39K	40K	203K	213.2K
Property Plant Equipment	79.1M	184.8M	162.7M	138.2M	158.9M	166.8M
Other Liab	14.5M	20.8M	25.6M	41.5M	47.7M	50.1M
Good Will	349.5M	349.1M	403.9M	405.6M	405.6M	207.0M
Intangible Assets	74.0M	59.6M	81.1M	64.8M	50.2M	47.7M
Net Tangible Assets	246.5M	310.5M	208.2M	352.5M	405.4M	272.3M

Pair Trading with ExlService Holdings

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

Moving together with ExlService Stock

0.65

Genpact Limited

Pair Corr

The ability to find closely correlated positions to ExlService Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ExlService Holdings 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 ExlService Holdings - 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 ExlService Holdings to buy it.

The correlation of ExlService Holdings 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 ExlService Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ExlService Holdings 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 ExlService Holdings 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 Correlation Correlation Matching

Additional Tools for ExlService Stock Analysis

When running ExlService Holdings' price analysis, check to measure ExlService Holdings' 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 ExlService Holdings is operating at the current time. Most of ExlService Holdings' value examination focuses on studying past and present price action to predict the probability of ExlService Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ExlService Holdings' price. Additionally, you may evaluate how the addition of ExlService Holdings to your portfolios can decrease your overall portfolio volatility.

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