Illumina Long Term Investments vs Common Stock Analysis

ILMN Stock

USD 111.13 0.51 0.46%

Illumina financial indicator trend analysis is infinitely more than just investigating Illumina recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Illumina is a good investment. Please check the relationship between Illumina Long Term Investments and its Common Stock accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Illumina. 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.

To learn how to invest in Illumina Stock, please use our How to Invest in Illumina guide.

Long Term Investments vs Common Stock

Long Term Investments vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Illumina Long Term Investments account and Common Stock. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Illumina's Long Term Investments and Common Stock is 0.52. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Common Stock in the same time period over historical financial statements of Illumina, assuming nothing else is changed. The correlation between historical values of Illumina's Long Term Investments and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Illumina are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Long Term Investments i.e., Illumina's Long Term Investments and Common Stock go up and down completely randomly.

Correlation Coefficient

0.52

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Long Term Investments

Long Term Investments is an item on the asset side of Illumina balance sheet that represents investments Illumina intends to hold for over a year. Illumina long term investments may include different instruments such as stocks, bonds, real estate and cash.

Common Stock

Most indicators from Illumina's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Illumina 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 Illumina. 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.

To learn how to invest in Illumina Stock, please use our How to Invest in Illumina guide.At this time, Illumina's Selling General Administrative is very stable compared to the past year. As of the 9th of May 2024, Enterprise Value Over EBITDA is likely to grow to 67.33, while Tax Provision is likely to drop about 41.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	3.2B	3.0B	2.7B	2.9B
Total Revenue	4.5B	4.6B	4.5B	4.7B

Gross Profit Total Revenue

Illumina fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Other Liab	Current Deferred Revenue
Total Assets		0.92	0.75	0.77	0.98	0.93	0.71	0.51	0.98	0.64	0.96	0.81	0.28	0.9	0.47	-0.21	0.96	0.97	0.8	0.95	0.52	0.35	0.86	0.5	0.93	0.93
Short Long Term Debt Total	0.92		0.8	0.93	0.85	0.91	0.73	0.38	0.93	0.74	0.83	0.78	0.42	0.91	0.58	-0.1	0.9	0.91	0.74	0.98	0.63	0.6	0.79	0.59	0.81	0.93
Other Current Liab	0.75	0.8		0.8	0.65	0.76	0.77	-0.1	0.77	0.36	0.75	0.45	0.01	0.86	0.32	-0.42	0.81	0.81	0.88	0.87	0.23	0.28	0.87	0.33	0.82	0.86
Total Current Liabilities	0.77	0.93	0.8		0.66	0.79	0.74	0.2	0.81	0.63	0.68	0.73	0.39	0.8	0.43	-0.03	0.71	0.77	0.65	0.91	0.58	0.78	0.7	0.45	0.7	0.84
Total Stockholder Equity	0.98	0.85	0.65	0.66		0.9	0.64	0.6	0.95	0.61	0.96	0.79	0.26	0.84	0.41	-0.2	0.94	0.94	0.74	0.88	0.49	0.25	0.81	0.45	0.9	0.87
Property Plant And Equipment Net	0.93	0.91	0.76	0.79	0.9		0.53	0.55	0.93	0.77	0.83	0.73	0.48	0.94	0.44	-0.05	0.9	0.88	0.66	0.92	0.68	0.39	0.72	0.5	0.81	0.96
Net Debt	0.71	0.73	0.77	0.74	0.64	0.53		-0.11	0.72	0.1	0.78	0.59	-0.17	0.65	0.33	-0.41	0.7	0.77	0.88	0.78	0.05	0.41	0.87	0.3	0.79	0.69
Retained Earnings	0.51	0.38	-0.1	0.2	0.6	0.55	-0.11		0.48	0.68	0.36	0.55	0.69	0.36	0.31	0.46	0.37	0.34	-0.09	0.32	0.73	0.22	0.03	0.38	0.26	0.39
Accounts Payable	0.98	0.93	0.77	0.81	0.95	0.93	0.72	0.48		0.64	0.93	0.83	0.3	0.93	0.52	-0.18	0.95	0.94	0.77	0.96	0.54	0.39	0.83	0.55	0.92	0.96
Cash	0.64	0.74	0.36	0.63	0.61	0.77	0.1	0.68	0.64		0.45	0.62	0.77	0.65	0.54	0.28	0.59	0.56	0.19	0.66	0.89	0.52	0.28	0.61	0.39	0.65
Non Current Assets Total	0.96	0.83	0.75	0.68	0.96	0.83	0.78	0.36	0.93	0.45		0.75	0.01	0.82	0.33	-0.45	0.94	0.97	0.89	0.89	0.27	0.21	0.94	0.35	0.95	0.85
Non Currrent Assets Other	0.81	0.78	0.45	0.73	0.79	0.73	0.59	0.55	0.83	0.62	0.75		0.35	0.64	0.44	-0.01	0.71	0.75	0.53	0.78	0.56	0.58	0.61	0.5	0.72	0.71
Cash And Short Term Investments	0.28	0.42	0.01	0.39	0.26	0.48	-0.17	0.69	0.3	0.77	0.01	0.35		0.38	0.51	0.81	0.19	0.12	-0.25	0.3	0.95	0.53	-0.2	0.56	0.02	0.37
Net Receivables	0.9	0.91	0.86	0.8	0.84	0.94	0.65	0.36	0.93	0.65	0.82	0.64	0.38		0.57	-0.11	0.93	0.85	0.75	0.94	0.59	0.32	0.77	0.6	0.86	0.99
Common Stock Shares Outstanding	0.47	0.58	0.32	0.43	0.41	0.44	0.33	0.31	0.52	0.54	0.33	0.44	0.51	0.57		0.28	0.54	0.42	0.26	0.53	0.63	0.27	0.23	0.97	0.38	0.54
Short Term Investments	-0.21	-0.1	-0.42	-0.03	-0.2	-0.05	-0.41	0.46	-0.18	0.28	-0.45	-0.01	0.81	-0.11	0.28		-0.32	-0.39	-0.63	-0.21	0.64	0.35	-0.62	0.31	-0.41	-0.12
Non Current Liabilities Total	0.96	0.9	0.81	0.71	0.94	0.9	0.7	0.37	0.95	0.59	0.94	0.71	0.19	0.93	0.54	-0.32		0.96	0.85	0.94	0.43	0.2	0.88	0.55	0.94	0.93
Other Current Assets	0.97	0.91	0.81	0.77	0.94	0.88	0.77	0.34	0.94	0.56	0.97	0.75	0.12	0.85	0.42	-0.39	0.96		0.87	0.94	0.37	0.31	0.93	0.43	0.93	0.89
Other Stockholder Equity	0.8	0.74	0.88	0.65	0.74	0.66	0.88	-0.09	0.77	0.19	0.89	0.53	-0.25	0.75	0.26	-0.63	0.85	0.87		0.83	0.0	0.13	0.98	0.24	0.9	0.76
Total Liab	0.95	0.98	0.87	0.91	0.88	0.92	0.78	0.32	0.96	0.66	0.89	0.78	0.3	0.94	0.53	-0.21	0.94	0.94	0.83		0.54	0.49	0.86	0.55	0.9	0.96
Total Current Assets	0.52	0.63	0.23	0.58	0.49	0.68	0.05	0.73	0.54	0.89	0.27	0.56	0.95	0.59	0.63	0.64	0.43	0.37	0.0	0.54		0.59	0.07	0.7	0.26	0.58
Short Term Debt	0.35	0.6	0.28	0.78	0.25	0.39	0.41	0.22	0.39	0.52	0.21	0.58	0.53	0.32	0.27	0.35	0.2	0.31	0.13	0.49	0.59		0.19	0.28	0.2	0.38
Intangible Assets	0.86	0.79	0.87	0.7	0.81	0.72	0.87	0.03	0.83	0.28	0.94	0.61	-0.2	0.77	0.23	-0.62	0.88	0.93	0.98	0.86	0.07	0.19		0.23	0.93	0.8
Common Stock	0.5	0.59	0.33	0.45	0.45	0.5	0.3	0.38	0.55	0.61	0.35	0.5	0.56	0.6	0.97	0.31	0.55	0.43	0.24	0.55	0.7	0.28	0.23		0.4	0.57
Other Liab	0.93	0.81	0.82	0.7	0.9	0.81	0.79	0.26	0.92	0.39	0.95	0.72	0.02	0.86	0.38	-0.41	0.94	0.93	0.9	0.9	0.26	0.2	0.93	0.4		0.88
Current Deferred Revenue	0.93	0.93	0.86	0.84	0.87	0.96	0.69	0.39	0.96	0.65	0.85	0.71	0.37	0.99	0.54	-0.12	0.93	0.89	0.76	0.96	0.58	0.38	0.8	0.57	0.88

Click cells to compare fundamentals

Illumina Account Relationship Matchups

Illumina fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.3B	7.6B	15.2B	12.3B	10.1B	10.6B
Short Long Term Debt Total	1.8B	1.9B	2.5B	3.5B	2.3B	2.4B
Other Current Liab	304M	355M	456M	987M	1.1B	1.2B
Total Current Liabilities	665M	1.2B	1.1B	2.8B	1.6B	1.6B
Total Stockholder Equity	4.6B	4.7B	10.7B	6.6B	5.7B	6.0B
Property Plant And Equipment Net	1.4B	1.5B	1.7B	1.7B	1.6B	1.6B
Net Debt	(206M)	45M	1.2B	1.5B	1.2B	1.3B
Retained Earnings	4.1B	4.7B	5.5B	1.1B	(19M)	(18.1M)
Accounts Payable	149M	192M	332M	293M	245M	257.3M
Cash	2.0B	1.8B	1.2B	2.0B	1.0B	673.0M
Non Current Assets Total	2.9B	3.1B	12.5B	8.7B	7.5B	7.9B
Non Currrent Assets Other	105M	171M	445M	423M	217M	123.4M
Cash And Short Term Investments	3.4B	3.5B	1.3B	2.0B	1.1B	1.2B
Net Receivables	573M	487M	648M	671M	752M	789.6M
Short Term Investments	1.4B	1.7B	107M	26M	6M	5.7M
Liabilities And Stockholders Equity	7.3B	7.6B	15.2B	12.3B	10.1B	10.6B
Non Current Liabilities Total	2.0B	1.6B	3.4B	2.9B	2.8B	2.9B
Other Current Assets	105M	152M	295M	285M	216M	226.8M
Other Stockholder Equity	539M	(33M)	5.2B	5.5B	5.8B	6.1B
Total Liab	2.7B	2.9B	4.5B	5.7B	4.4B	4.6B
Total Current Assets	4.5B	4.5B	2.7B	3.6B	2.6B	1.8B
Short Term Debt	45M	511M	71M	1.2B	86M	81.7M
Intangible Assets	145M	142M	3.3B	3.3B	3.0B	3.1B
Other Liab	202M	303M	915M	649M	746.4M	783.7M
Current Deferred Revenue	167M	186M	234M	245M	252M	264.6M
Other Assets	179M	609M	445M	212M	243.8M	133.6M
Long Term Debt	1.1B	673M	1.7B	1.5B	1.5B	769.5M
Inventory	359M	372M	431M	568M	587M	616.4M
Property Plant And Equipment Gross	1.4B	1.5B	1.7B	1.7B	2.7B	2.8B
Property Plant Equipment	889M	922M	1.7B	1.1B	1.3B	1.3B
Good Will	824M	897M	7.1B	3.2B	2.5B	2.7B
Treasury Stock	(2.6B)	(3.0B)	(3.8B)	(3.7B)	(3.3B)	(3.2B)
Net Tangible Assets	4.3B	4.3B	377M	4.1B	4.7B	4.9B
Retained Earnings Total Equity	4.1B	4.7B	5.5B	1.1B	1.3B	2.0B

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When determining whether Illumina offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Illumina's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Illumina Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Illumina Stock:

How To Invest In Illumina

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Is Illumina Stock a good investment?

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What is Illumina's Net Worth?

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Illumina. 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.

To learn how to invest in Illumina Stock, please use our How to Invest in Illumina guide.

You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

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

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Is Illumina'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 Illumina. If investors know Illumina 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 Illumina 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

(0.96)

Earnings Share

(8.15)

Revenue Per Share

28.392

Quarterly Revenue Growth

(0.01)

Return On Assets

(0.01)

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

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Illumina Long Term Investments vs Common Stock Analysis

Long Term Investments vs Common Stock

Long Term Investments vs Common Stock Correlation Analysis

Correlation Coefficient

Long Term Investments

Common Stock

Illumina fundamental ratios Correlations

Illumina Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Illumina fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Illumina Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Current Deferred Revenue	+ 0.99	Net Receivables
Total Stockholder Equity	+ 0.98	Total Assets
Accounts Payable	+ 0.98	Total Assets
Total Liab	+ 0.98	Short Long Term Debt Total
Intangible Assets	+ 0.98	Other Stockholder Equity
Other Current Assets	+ 0.97	Total Assets

Other Stockholder Equity	- 0.63	Short Term Investments
Intangible Assets	- 0.62	Short Term Investments
Short Term Investments	- 0.45	Non Current Assets Total
Short Term Investments	- 0.42	Other Current Liab
Other Liab	- 0.41	Short Term Investments
Short Term Investments	- 0.41	Net Debt