Harmonic Good Will vs Current Deferred Revenue Analysis

HLIT Stock

USD 11.67 0.04 0.34%

Harmonic financial indicator trend analysis is much more than just examining Harmonic latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Harmonic is a good investment. Please check the relationship between Harmonic Good Will and its Current Deferred Revenue accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harmonic. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

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

Good Will vs Current Deferred Revenue

Good Will vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Harmonic Good Will account and Current Deferred Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Harmonic's Good Will and Current Deferred Revenue is -0.28. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Harmonic, assuming nothing else is changed. The correlation between historical values of Harmonic's Good Will and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Harmonic are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Good Will i.e., Harmonic's Good Will and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

-0.28

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Most indicators from Harmonic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Harmonic 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harmonic. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy Harmonic Stock please use our How to Invest in Harmonic guide.At this time, Harmonic's Tax Provision is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 8.4 M in 2024, whereas Enterprise Value Multiple is likely to drop 21.40 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	259.7M	315.9M	312.5M	166.2M
Total Revenue	507.1M	625.0M	607.9M	360.1M

Gross Profit Total Revenue

Harmonic fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Non Currrent Assets Other	Non Current Liabilities Total	Short Long Term Debt Total	Short Term Debt	Intangible Assets	Short Term Investments	Other Liab
Total Assets		0.78	0.54	0.76	0.7	0.02	-0.8	0.65	0.68	0.78	0.57	0.68	0.97	0.72	0.57	0.89	0.61	0.35	0.9	0.4	0.26	0.75	0.3	0.33	-0.08	0.69
Other Current Liab	0.78		0.75	0.27	0.62	0.56	-0.84	0.75	0.39	0.87	0.06	0.69	0.67	0.55	0.3	0.79	0.87	0.45	0.51	0.76	0.58	0.88	0.44	-0.03	-0.58	0.41
Total Current Liabilities	0.54	0.75		0.1	0.66	0.65	-0.55	0.77	0.29	0.8	-0.03	0.81	0.49	0.73	0.16	0.45	0.71	0.78	0.42	0.68	0.21	0.64	0.91	-0.33	-0.62	0.25
Total Stockholder Equity	0.76	0.27	0.1		0.32	-0.58	-0.45	0.13	0.49	0.43	0.83	0.5	0.84	0.51	0.69	0.64	-0.05	0.17	0.9	-0.24	-0.29	0.18	0.04	0.68	0.5	0.72
Property Plant And Equipment Net	0.7	0.62	0.66	0.32		0.29	-0.52	0.68	0.62	0.62	0.26	0.44	0.67	0.71	0.25	0.54	0.7	0.46	0.58	0.57	0.31	0.75	0.49	-0.12	-0.32	0.55
Net Debt	0.02	0.56	0.65	-0.58	0.29		-0.29	0.5	-0.1	0.45	-0.63	0.3	-0.13	0.11	-0.34	0.09	0.74	0.44	-0.29	0.78	0.61	0.53	0.52	-0.63	-0.91	-0.25
Retained Earnings	-0.8	-0.84	-0.55	-0.45	-0.52	-0.29		-0.55	-0.6	-0.86	-0.38	-0.65	-0.76	-0.37	-0.4	-0.96	-0.68	-0.33	-0.61	-0.51	-0.54	-0.8	-0.23	-0.07	0.43	-0.43
Accounts Payable	0.65	0.75	0.77	0.13	0.68	0.5	-0.55		0.48	0.6	0.06	0.48	0.55	0.74	0.18	0.52	0.84	0.3	0.48	0.82	0.42	0.83	0.52	-0.15	-0.49	0.21
Cash	0.68	0.39	0.29	0.49	0.62	-0.1	-0.6	0.48		0.45	0.71	0.33	0.7	0.44	0.34	0.65	0.45	0.21	0.73	0.26	0.36	0.59	0.11	0.01	-0.07	0.41
Non Current Assets Total	0.78	0.87	0.8	0.43	0.62	0.45	-0.86	0.6	0.45		0.28	0.89	0.73	0.53	0.38	0.8	0.69	0.71	0.61	0.54	0.4	0.73	0.59	0.03	-0.47	0.56
Cash And Short Term Investments	0.57	0.06	-0.03	0.83	0.26	-0.63	-0.38	0.06	0.71	0.28		0.3	0.68	0.31	0.56	0.52	-0.13	0.08	0.82	-0.3	-0.15	0.08	-0.09	0.52	0.56	0.65
Net Receivables	0.68	0.69	0.81	0.5	0.44	0.3	-0.65	0.48	0.33	0.89	0.3		0.66	0.61	0.43	0.62	0.43	0.83	0.63	0.29	0.04	0.46	0.74	0.06	-0.32	0.46
Common Stock Shares Outstanding	0.97	0.67	0.49	0.84	0.67	-0.13	-0.76	0.55	0.7	0.73	0.68	0.66		0.7	0.57	0.88	0.46	0.36	0.94	0.26	0.1	0.65	0.29	0.35	0.04	0.71
Inventory	0.72	0.55	0.73	0.51	0.71	0.11	-0.37	0.74	0.44	0.53	0.31	0.61	0.7		0.49	0.45	0.49	0.43	0.74	0.39	-0.13	0.5	0.66	0.11	-0.08	0.48
Other Current Assets	0.57	0.3	0.16	0.69	0.25	-0.34	-0.4	0.18	0.34	0.38	0.56	0.43	0.57	0.49		0.51	0.04	0.04	0.68	-0.13	-0.11	0.11	0.04	0.7	0.25	0.6
Other Stockholder Equity	0.89	0.79	0.45	0.64	0.54	0.09	-0.96	0.52	0.65	0.8	0.52	0.62	0.88	0.45	0.51		0.6	0.25	0.74	0.4	0.42	0.77	0.14	0.24	-0.24	0.53
Total Liab	0.61	0.87	0.71	-0.05	0.7	0.74	-0.68	0.84	0.45	0.69	-0.13	0.43	0.46	0.49	0.04	0.6		0.34	0.29	0.91	0.75	0.94	0.41	-0.31	-0.74	0.18
Property Plant And Equipment Gross	0.35	0.45	0.78	0.17	0.46	0.44	-0.33	0.3	0.21	0.71	0.08	0.83	0.36	0.43	0.04	0.25	0.34		0.32	0.29	0.0	0.3	0.86	-0.31	-0.41	0.3
Total Current Assets	0.9	0.51	0.42	0.9	0.58	-0.29	-0.61	0.48	0.73	0.61	0.82	0.63	0.94	0.74	0.68	0.74	0.29	0.32		0.09	-0.05	0.46	0.28	0.46	0.24	0.74
Non Currrent Assets Other	0.4	0.76	0.68	-0.24	0.57	0.78	-0.51	0.82	0.26	0.54	-0.3	0.29	0.26	0.39	-0.13	0.4	0.91	0.29	0.09		0.66	0.83	0.42	-0.47	-0.75	-0.05
Non Current Liabilities Total	0.26	0.58	0.21	-0.29	0.31	0.61	-0.54	0.42	0.36	0.4	-0.15	0.04	0.1	-0.13	-0.11	0.42	0.75	0.0	-0.05	0.66		0.68	-0.13	-0.23	-0.63	0.05
Short Long Term Debt Total	0.75	0.88	0.64	0.18	0.75	0.53	-0.8	0.83	0.59	0.73	0.08	0.46	0.65	0.5	0.11	0.77	0.94	0.3	0.46	0.83	0.68		0.31	-0.2	-0.61	0.27
Short Term Debt	0.3	0.44	0.91	0.04	0.49	0.52	-0.23	0.52	0.11	0.59	-0.09	0.74	0.29	0.66	0.04	0.14	0.41	0.86	0.28	0.42	-0.13	0.31		-0.4	-0.45	0.13
Intangible Assets	0.33	-0.03	-0.33	0.68	-0.12	-0.63	-0.07	-0.15	0.01	0.03	0.52	0.06	0.35	0.11	0.7	0.24	-0.31	-0.31	0.46	-0.47	-0.23	-0.2	-0.4		0.68	0.62
Short Term Investments	-0.08	-0.58	-0.62	0.5	-0.32	-0.91	0.43	-0.49	-0.07	-0.47	0.56	-0.32	0.04	-0.08	0.25	-0.24	-0.74	-0.41	0.24	-0.75	-0.63	-0.61	-0.45	0.68		0.32
Other Liab	0.69	0.41	0.25	0.72	0.55	-0.25	-0.43	0.21	0.41	0.56	0.65	0.46	0.71	0.48	0.6	0.53	0.18	0.3	0.74	-0.05	0.05	0.27	0.13	0.62	0.32

Click cells to compare fundamentals

Harmonic Account Relationship Matchups

Harmonic fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	587.3M	591.5M	693.7M	710.0M	768.2M	475.5M
Other Current Liab	63.8M	57.7M	53.6M	66.7M	61.0M	49.9M
Total Current Liabilities	148.5M	147.3M	224.5M	322.1M	272.4M	286.0M
Total Stockholder Equity	254.9M	258.3M	296.8M	324.5M	436.9M	286.9M
Property Plant And Equipment Net	22.9M	70.7M	73.7M	65.3M	57.5M	34.2M
Net Debt	56.2M	52.7M	56.8M	71.2M	71.8M	75.4M
Retained Earnings	(2.1B)	(2.1B)	(2.1B)	(2.0B)	(2.0B)	(2.1B)
Accounts Payable	40.9M	23.5M	64.4M	67.5M	38.6M	26.7M
Cash	93.1M	98.6M	133.4M	89.6M	84.3M	76.2M
Non Current Assets Total	336.0M	353.5M	370.6M	362.3M	439.4M	461.3M
Cash And Short Term Investments	93.1M	98.6M	133.4M	89.6M	84.3M	122.7M
Net Receivables	88.5M	66.2M	88.5M	108.4M	146.3M	153.6M
Common Stock Shares Outstanding	89.6M	97.0M	106.2M	112.4M	117.4M	85.7M
Liabilities And Stockholders Equity	587.3M	591.5M	693.7M	710.0M	768.2M	475.5M
Inventory	29.0M	35.0M	71.2M	120.9M	84.0M	45.9M
Other Current Assets	15.2M	16.9M	13.8M	28.7M	14.3M	22.0M
Other Stockholder Equity	2.3B	2.4B	2.4B	2.4B	2.4B	2.0B
Total Liab	332.5M	333.2M	396.9M	385.5M	331.3M	188.6M
Property Plant And Equipment Gross	50.4M	70.7M	73.7M	65.3M	167.9M	176.3M
Total Current Assets	251.4M	238.0M	323.1M	347.7M	328.9M	266.8M
Accumulated Other Comprehensive Income	(3.1M)	5.9M	(3.3M)	(9.7M)	(5.7M)	(5.4M)
Non Currrent Assets Other	54.6M	38.6M	56.7M	59.3M	38.0M	22.6M
Non Current Liabilities Total	183.9M	185.9M	172.4M	63.4M	58.9M	71.7M
Short Long Term Debt Total	149.2M	151.4M	190.2M	160.8M	156.1M	85.1M
Short Term Debt	6.7M	11.8M	49.2M	125.5M	126.6M	132.9M
Intangible Assets	21.3M	12.8M	4.5M	508K	457.2K	434.3K
Other Liab	15.7M	46.3M	31.4M	28.2M	32.4M	34.4M
Other Assets	37.7M	66.2M	56.7M	61.7M	71.0M	74.5M
Common Stock Total Equity	87K	92K	98K	103K	118.5K	95.2K
Common Stock	92K	98K	103K	110K	112K	106.4K
Property Plant Equipment	22.9M	43.1M	73.7M	65.3M	75.1M	78.8M
Current Deferred Revenue	37.1M	54.3M	57.2M	62.4M	46.2M	45.8M
Long Term Debt	88.6M	139.6M	111.9M	11.2M	10.5M	10.0M
Good Will	239.8M	243.7M	240.2M	237.7M	239.2M	174.4M
Net Tangible Assets	10.6M	14.1M	55.7M	86.8M	78.1M	85.7M
Retained Earnings Total Equity	(2.1B)	(2.1B)	(2.1B)	(2.1B)	(1.9B)	(2.0B)
Capital Surpluse	2.3B	2.3B	2.4B	2.4B	2.1B	1.9B
Non Current Liabilities Other	41.4M	46.3M	31.4M	28.2M	29.5M	26.8M

Pair Trading with Harmonic

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

Moving together with Harmonic Stock

0.75	VIAV	Viavi Solutions Fiscal Year End 8th of August 2024	Pair Corr
0.62	EMKR	EMCORE Fiscal Year End 10th of December 2024	Pair Corr

Moving against Harmonic Stock

0.6

SATS

EchoStar Buyout Trend

Pair Corr

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

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

When determining whether Harmonic is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Harmonic Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Harmonic Stock. Highlighted below are key reports to facilitate an investment decision about Harmonic Stock:

How To Invest In Harmonic

Details

Is Harmonic Stock a good investment?

Details

What is Harmonic's Net Worth?

Details

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harmonic. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

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

You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for Harmonic Stock analysis

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

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Is Harmonic'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 Harmonic. If investors know Harmonic 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 Harmonic 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

13.465

Earnings Share

0.61

Revenue Per Share

5.108

Quarterly Revenue Growth

(0.23)

Return On Assets

0.01

The market value of Harmonic is measured differently than its book value, which is the value of Harmonic that is recorded on the company's balance sheet. Investors also form their own opinion of Harmonic's value that differs from its market value or its book value, called intrinsic value, which is Harmonic'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 Harmonic's market value can be influenced by many factors that don't directly affect Harmonic'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 Harmonic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harmonic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harmonic'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Harmonic Good Will vs Current Deferred Revenue Analysis

Good Will vs Current Deferred Revenue

Good Will vs Current Deferred Revenue Correlation Analysis

Correlation Coefficient

Good Will

Current Deferred Revenue

Harmonic fundamental ratios Correlations

Harmonic Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Harmonic fundamental ratios Accounts

Pair Trading with Harmonic

Moving together with Harmonic Stock

Moving against Harmonic Stock

Complementary Tools for Harmonic Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock Shares Outstanding	+ 0.97	Total Assets
Total Current Assets	+ 0.94	Common Stock Shares Outstanding
Short Long Term Debt Total	+ 0.94	Total Liab
Short Term Debt	+ 0.91	Total Current Liabilities
Non Currrent Assets Other	+ 0.91	Total Liab
Total Current Assets	+ 0.9	Total Assets

Other Stockholder Equity	- 0.96	Retained Earnings
Short Term Investments	- 0.91	Net Debt
Non Current Assets Total	- 0.86	Retained Earnings
Retained Earnings	- 0.84	Other Current Liab
Short Long Term Debt Total	- 0.8	Retained Earnings
Retained Earnings	- 0.8	Total Assets