IDT Other Current Liab vs Net Receivables Analysis
| IDT Stock | USD 40.30 1.04 2.52% |
IDT financial indicator trend analysis is infinitely more than just investigating IDT Corporation recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IDT Corporation is a good investment. Please check the relationship between IDT Other Current Liab and its Net Receivables accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IDT Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
Other Current Liab vs Net Receivables
Other Current Liab vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of IDT Corporation Other Current Liab account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.
The correlation between IDT's Other Current Liab and Net Receivables is 0.62. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Net Receivables in the same time period over historical financial statements of IDT Corporation, assuming nothing else is changed. The correlation between historical values of IDT's Other Current Liab 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 Other Current Liab of IDT Corporation 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 Other Current Liab i.e., IDT's Other Current Liab and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.62 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Other Current Liab
Net Receivables
Most indicators from IDT's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IDT Corporation 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 IDT Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. At this time, IDT's Tax Provision is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 289.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 214.3 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 329.6M | 363.1M | 417.6M | 306.6M | Total Revenue | 1.4B | 1.2B | 1.4B | 1.5B |
IDT fundamental ratios Correlations
Click cells to compare fundamentals
IDT Account Relationship Matchups
High Positive Relationship
High Negative Relationship
IDT fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 404.8M | 512.7M | 497.1M | 510.8M | 459.7M | 626.8M | |
| Other Current Liab | 12.1M | 27.9M | 150.8M | 39.3M | 45.1M | 42.9M | |
| Total Current Liabilities | 324.9M | 339.3M | 305.1M | 294.1M | 338.2M | 359.8M | |
| Total Stockholder Equity | 74.8M | 164.9M | 167.6M | 193.7M | 174.4M | 265.2M | |
| Property Plant And Equipment Net | 39.6M | 38.5M | 44.1M | 44.2M | 39.8M | 37.8M | |
| Net Debt | (77.5M) | (101.7M) | (93.7M) | (100.8M) | (115.9M) | (121.7M) | |
| Retained Earnings | (139.3M) | (42.9M) | (15.8M) | 24.7M | 22.2M | 23.3M | |
| Accounts Payable | 31.1M | 24.5M | 29.1M | 22.2M | 20.0M | 19.0M | |
| Cash | 84.9M | 107.1M | 98.4M | 103.6M | 93.3M | 125.3M | |
| Non Current Assets Total | 82.6M | 124.5M | 134.5M | 123.7M | 111.4M | 201.1M | |
| Cash And Short Term Investments | 109.2M | 163.6M | 137.7M | 152.2M | 137.0M | 258.7M | |
| Net Receivables | 44.2M | 46.6M | 64.3M | 32.1M | 28.9M | 27.4M | |
| Common Stock Shares Outstanding | 26.4M | 26.1M | 26.4M | 25.6M | 23.0M | 21.0M | |
| Liabilities And Stockholders Equity | 404.8M | 512.7M | 497.1M | 510.8M | 459.7M | 626.8M | |
| Non Current Liabilities Total | 8.7M | 6.7M | 11.2M | 6.2M | 5.6M | 5.3M | |
| Other Current Assets | 19.3M | 16.8M | 30.8M | 60.8M | 69.9M | 95.9M | |
| Other Stockholder Equity | 221.2M | 217.6M | 194.4M | 185.9M | 167.4M | 265.6M | |
| Total Liab | 333.6M | 346.0M | 316.3M | 300.3M | 270.3M | 339.5M | |
| Property Plant And Equipment Gross | 39.6M | 38.5M | 44.1M | 220.8M | 198.7M | 106.8M | |
| Total Current Assets | 322.1M | 388.1M | 362.6M | 387.1M | 348.4M | 425.7M | |
| Accumulated Other Comprehensive Income | (7.4M) | (10.2M) | (11.3M) | (17.2M) | (19.8M) | (18.8M) | |
| Non Currrent Assets Other | 8.9M | 10.4M | 10.3M | 10.9M | 9.8M | 9.3M | |
| Short Long Term Debt Total | 7.4M | 5.5M | 4.6M | 2.9M | 2.6M | 2.5M | |
| Short Term Debt | 125.5M | 129.1M | 2.9M | 110.8M | 127.4M | 133.8M | |
| Intangible Assets | 4.0M | 7.6M | 9.6M | 8.2M | 7.4M | 7.0M | |
| Short Term Investments | 24.3M | 56.4M | 39.4M | 48.6M | 43.8M | 41.6M | |
| Common Stock | 293K | 297K | 310K | 312K | 280.8K | 403.6K | |
| Other Liab | 1.4M | 1.2M | 6.6M | 3.4M | 3.0M | 2.9M | |
| Other Assets | 17.4M | 51.9M | 47.0M | 35.0M | 31.5M | 48.4M | |
| Inventory | 149.5M | 161.1M | 129.8M | 141.9M | 163.2M | 171.4M | |
| Property Plant Equipment | 39.6M | 38.5M | 44.1M | 44.2M | 39.8M | 37.8M | |
| Current Deferred Revenue | 156.1M | 157.8M | 122.3M | 121.8M | 140.1M | 134.2M | |
| Treasury Stock | (51.7M) | (56.2M) | (60.4M) | (101.6M) | (116.8M) | (122.6M) | |
| Good Will | 12.9M | 14.9M | 26.4M | 26.5M | 23.8M | 28.9M | |
| Noncontrolling Interest In Consolidated Entity | (2.7M) | (3.6M) | 1.8M | 3.0M | 2.7M | 2.6M | |
| Retained Earnings Total Equity | (160.8M) | (139.3M) | (42.9M) | (15.8M) | (14.2M) | (15.0M) | |
| Deferred Long Term Liab | 2.4M | 3.2M | 3.5M | 3.7M | 4.3M | 4.5M |
Pair Trading with IDT
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 IDT 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 IDT will appreciate offsetting losses from the drop in the long position's value.Moving together with IDT Stock
| 0.74 | T | ATT Inc Financial Report 24th of July 2024 | PairCorr |
Moving against IDT Stock
| 0.47 | VSME | VS Media Holdings | PairCorr |
| 0.41 | ANGHW | Anghami Warrants | PairCorr |
The ability to find closely correlated positions to IDT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IDT 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 IDT - 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 IDT Corporation to buy it.
The correlation of IDT 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 IDT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IDT Corporation 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 IDT 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IDT Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the IDT Corporation information on this page should be used as a complementary analysis to other IDT's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for IDT Stock analysis
When running IDT's price analysis, check to measure IDT'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 IDT is operating at the current time. Most of IDT's value examination focuses on studying past and present price action to predict the probability of IDT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IDT's price. Additionally, you may evaluate how the addition of IDT to your portfolios can decrease your overall portfolio volatility.
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities |
Is IDT'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 IDT. If investors know IDT 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 IDT listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 1.45 | Revenue Per Share 47.396 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0774 | Return On Equity 0.1877 |
The market value of IDT Corporation is measured differently than its book value, which is the value of IDT that is recorded on the company's balance sheet. Investors also form their own opinion of IDT's value that differs from its market value or its book value, called intrinsic value, which is IDT'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 IDT's market value can be influenced by many factors that don't directly affect IDT'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 IDT's value and its price as these two are different measures arrived at by different means. Investors typically determine if IDT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IDT'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.