Nokia Retained Earnings vs Good Will Analysis

NOK Stock

USD 3.87 0.02 0.52%

Nokia Corp financial indicator trend analysis is infinitely more than just investigating Nokia Corp ADR recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nokia Corp ADR is a good investment. Please check the relationship between Nokia Corp Retained Earnings and its Good Will accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nokia Corp ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

Retained Earnings vs Good Will

Retained Earnings vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nokia Corp ADR Retained Earnings account and Good Will. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Nokia Corp's Retained Earnings and Good Will is -0.41. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Good Will in the same time period over historical financial statements of Nokia Corp ADR, assuming nothing else is changed. The correlation between historical values of Nokia Corp's Retained Earnings and Good Will 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 Nokia Corp ADR are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Retained Earnings i.e., Nokia Corp's Retained Earnings and Good Will go up and down completely randomly.

Correlation Coefficient

-0.41

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

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.

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.

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

At this time, Nokia Corp's Sales General And Administrative To Revenue is quite stable compared to the past year. Enterprise Value Over EBITDA is expected to rise to 5.25 this year, although the value of Tax Provision is projected to rise to (1.9 B).

	2021	2022	2023	2024 (projected)
Gross Profit	8.8B	10.2B	8.8B	10.3B
Total Revenue	22.2B	24.9B	22.3B	28.7B

Gross Profit Total Revenue

Nokia Corp 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	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Short Term Investments	Common Stock Total Equity	Common Stock
Total Assets		0.6	0.46	0.7	0.91	0.77	0.01	-0.28	0.72	0.44	0.84	0.7	0.51	0.94	0.41	0.81	0.74	-0.44	0.95	0.42	0.75	-0.14	0.66	0.08	-0.18	-0.17
Short Long Term Debt Total	0.6		0.67	0.75	0.33	0.49	0.32	-0.31	0.39	0.45	0.31	0.32	0.51	0.47	-0.05	0.36	0.21	-0.15	0.73	0.14	0.67	0.44	0.06	0.12	0.03	0.04
Other Current Liab	0.46	0.67		0.48	0.29	0.2	-0.38	-0.39	0.11	0.86	0.3	0.3	0.39	0.27	0.05	0.38	0.06	-0.34	0.57	0.0	0.4	0.25	0.2	-0.45	0.06	0.06
Total Current Liabilities	0.7	0.75	0.48		0.4	0.35	0.24	0.02	0.78	0.33	0.41	0.21	0.67	0.67	0.02	0.39	0.35	-0.41	0.82	0.13	0.91	0.35	0.37	0.34	-0.06	-0.06
Total Stockholder Equity	0.91	0.33	0.29	0.4		0.79	-0.06	-0.26	0.57	0.31	0.87	0.8	0.37	0.87	0.54	0.78	0.77	-0.33	0.74	0.51	0.53	-0.34	0.6	0.05	-0.26	-0.25
Property Plant And Equipment Net	0.77	0.49	0.2	0.35	0.79		0.33	-0.58	0.58	0.05	0.81	0.87	0.07	0.8	0.6	0.74	0.84	0.09	0.67	0.61	0.35	-0.3	0.38	-0.02	-0.24	-0.24
Net Debt	0.01	0.32	-0.38	0.24	-0.06	0.33		-0.06	0.29	-0.7	-0.01	0.07	-0.19	0.08	0.0	-0.12	0.26	0.55	0.04	0.19	0.08	0.37	-0.24	0.53	-0.04	-0.04
Retained Earnings	-0.28	-0.31	-0.39	0.02	-0.26	-0.58	-0.06		0.0	-0.17	-0.47	-0.69	0.37	-0.25	-0.57	-0.54	-0.47	-0.27	-0.32	-0.28	0.18	0.05	-0.26	0.61	0.04	0.04
Accounts Payable	0.72	0.39	0.11	0.78	0.57	0.58	0.29	0.0		0.01	0.56	0.39	0.43	0.84	0.26	0.45	0.71	-0.24	0.71	0.29	0.73	-0.17	0.46	0.4	-0.12	-0.12
Cash	0.44	0.45	0.86	0.33	0.31	0.05	-0.7	-0.17	0.01		0.22	0.16	0.55	0.27	-0.07	0.37	-0.08	-0.63	0.51	-0.1	0.42	-0.02	0.27	-0.41	0.1	0.1
Non Current Assets Total	0.84	0.31	0.3	0.41	0.87	0.81	-0.01	-0.47	0.56	0.22		0.9	0.2	0.83	0.83	0.95	0.79	-0.21	0.72	0.75	0.45	-0.26	0.63	-0.2	-0.54	-0.54
Non Currrent Assets Other	0.7	0.32	0.3	0.21	0.8	0.87	0.07	-0.69	0.39	0.16	0.9		0.06	0.7	0.83	0.85	0.74	0.02	0.57	0.7	0.25	-0.28	0.43	-0.25	-0.44	-0.44
Cash And Short Term Investments	0.51	0.51	0.39	0.67	0.37	0.07	-0.19	0.37	0.43	0.55	0.2	0.06		0.49	-0.15	0.25	-0.08	-0.71	0.53	0.03	0.88	0.03	0.12	0.47	-0.1	-0.1
Net Receivables	0.94	0.47	0.27	0.67	0.87	0.8	0.08	-0.25	0.84	0.27	0.83	0.7	0.49		0.49	0.79	0.8	-0.4	0.87	0.46	0.74	-0.3	0.65	0.18	-0.22	-0.21
Common Stock Shares Outstanding	0.41	-0.05	0.05	0.02	0.54	0.6	0.0	-0.57	0.26	-0.07	0.83	0.83	-0.15	0.49		0.79	0.59	0.08	0.28	0.76	0.04	-0.29	0.47	-0.37	-0.65	-0.66
Non Current Liabilities Total	0.81	0.36	0.38	0.39	0.78	0.74	-0.12	-0.54	0.45	0.37	0.95	0.85	0.25	0.79	0.79		0.65	-0.32	0.75	0.71	0.45	-0.26	0.62	-0.31	-0.53	-0.53
Inventory	0.74	0.21	0.06	0.35	0.77	0.84	0.26	-0.47	0.71	-0.08	0.79	0.74	-0.08	0.8	0.59	0.65		0.03	0.63	0.44	0.28	-0.31	0.61	-0.03	-0.11	-0.11
Other Stockholder Equity	-0.44	-0.15	-0.34	-0.41	-0.33	0.09	0.55	-0.27	-0.24	-0.63	-0.21	0.02	-0.71	-0.4	0.08	-0.32	0.03		-0.48	0.17	-0.59	0.2	-0.43	-0.11	-0.07	-0.07
Total Liab	0.95	0.73	0.57	0.82	0.74	0.67	0.04	-0.32	0.71	0.51	0.72	0.57	0.53	0.87	0.28	0.75	0.63	-0.48		0.3	0.79	0.05	0.62	0.04	-0.08	-0.08
Property Plant And Equipment Gross	0.42	0.14	0.0	0.13	0.51	0.61	0.19	-0.28	0.29	-0.1	0.75	0.7	0.03	0.46	0.76	0.71	0.44	0.17	0.3		0.2	-0.15	0.08	-0.13	-0.91	-0.9
Total Current Assets	0.75	0.67	0.4	0.91	0.53	0.35	0.08	0.18	0.73	0.42	0.45	0.25	0.88	0.74	0.04	0.45	0.28	-0.59	0.79	0.2		0.13	0.35	0.47	-0.15	-0.15
Short Term Debt	-0.14	0.44	0.25	0.35	-0.34	-0.3	0.37	0.05	-0.17	-0.02	-0.26	-0.28	0.03	-0.3	-0.29	-0.26	-0.31	0.2	0.05	-0.15	0.13		-0.22	0.07	0.03	0.03
Intangible Assets	0.66	0.06	0.2	0.37	0.6	0.38	-0.24	-0.26	0.46	0.27	0.63	0.43	0.12	0.65	0.47	0.62	0.61	-0.43	0.62	0.08	0.35	-0.22		-0.17	0.05	0.05
Short Term Investments	0.08	0.12	-0.45	0.34	0.05	-0.02	0.53	0.61	0.4	-0.41	-0.2	-0.25	0.47	0.18	-0.37	-0.31	-0.03	-0.11	0.04	-0.13	0.47	0.07	-0.17		0.13	0.13
Common Stock Total Equity	-0.18	0.03	0.06	-0.06	-0.26	-0.24	-0.04	0.04	-0.12	0.1	-0.54	-0.44	-0.1	-0.22	-0.65	-0.53	-0.11	-0.07	-0.08	-0.91	-0.15	0.03	0.05	0.13		1.0
Common Stock	-0.17	0.04	0.06	-0.06	-0.25	-0.24	-0.04	0.04	-0.12	0.1	-0.54	-0.44	-0.1	-0.21	-0.66	-0.53	-0.11	-0.07	-0.08	-0.9	-0.15	0.03	0.05	0.13	1.0

Click cells to compare fundamentals

Nokia Corp Account Relationship Matchups

Nokia Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	39.1B	36.3B	40.0B	42.9B	44.7B	30.9B
Short Long Term Debt Total	5.3B	6.5B	5.7B	5.5B	5.2B	3.4B
Other Current Liab	4.8B	5.4B	5.8B	5.7B	4.6B	3.4B
Total Current Liabilities	12.1B	11.8B	12.1B	12.8B	10.9B	11.9B
Total Stockholder Equity	15.3B	12.6B	17.4B	21.3B	20.5B	13.4B
Property Plant And Equipment Net	2.8B	2.6B	2.8B	2.9B	2.9B	2.0B
Net Debt	(603M)	(454M)	(1.0B)	52M	(1.0B)	(1.1B)
Retained Earnings	(1.6B)	(4.1B)	(2.5B)	1.4B	1.4B	1.3B
Accounts Payable	3.8B	3.2B	3.7B	4.7B	3.4B	3.9B
Cash	5.9B	6.9B	6.7B	5.5B	6.2B	4.1B
Non Current Assets Total	22.3B	18.0B	20.5B	22.7B	26.6B	27.9B
Non Currrent Assets Other	5.1B	5.3B	8.0B	7.0B	6.5B	6.8B
Cash And Short Term Investments	6.2B	8.3B	9.6B	9.2B	7.8B	8.7B
Net Receivables	6.8B	6.9B	6.7B	7.8B	6.9B	6.5B
Common Stock Shares Outstanding	5.6B	5.6B	5.7B	5.7B	5.6B	8.0B
Liabilities And Stockholders Equity	39.1B	36.3B	40.0B	42.9B	44.7B	30.9B
Non Current Liabilities Total	11.7B	11.9B	10.5B	8.7B	13.1B	13.8B
Inventory	2.9B	2.2B	2.4B	3.3B	2.7B	2.2B
Other Stockholder Equity	75M	91M	102M	151M	276M	154.6M
Total Liab	23.7B	23.6B	22.6B	21.5B	24.0B	16.9B
Property Plant And Equipment Gross	2.8B	2.6B	2.8B	2.9B	6.9B	7.2B
Total Current Assets	16.8B	18.3B	19.6B	20.3B	18.1B	19.3B
Short Term Debt	551M	750M	301M	412M	752M	667.5M
Intangible Assets	2.4B	2.0B	1.6B	1.3B	1.1B	1.6B
Short Term Investments	261M	1.3B	2.9B	3.7B	1.6B	1.5B
Accumulated Other Comprehensive Income	16.6B	16.3B	19.5B	19.6B	18.6B	19.5B
Other Liab	6.9B	6.1B	5.1B	3.6B	4.2B	2.8B
Other Assets	10.2B	7.1B	9.3B	10.8B	11.4B	12.0B
Long Term Debt	4.0B	5.0B	4.5B	4.2B	3.6B	3.1B
Good Will	5.5B	5.1B	5.4B	5.7B	5.5B	3.7B
Other Current Assets	875M	850M	859M	10.4B	628M	596.6M
Property Plant Equipment	2.8B	2.6B	2.8B	2.9B	3.4B	2.4B
Long Term Investments	1.4B	1.3B	1.3B	2.0B	1.9B	1.5B
Short Long Term Debt	292M	561M	116M	228M	554M	742.3M
Net Tangible Assets	7.4B	5.4B	10.3B	14.4B	16.6B	9.4B

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When determining whether Nokia Corp ADR 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 Nokia 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 Nokia Corp Adr Stock. Highlighted below are key reports to facilitate an investment decision about Nokia Corp Adr Stock:

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nokia Corp ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.

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When running Nokia Corp's price analysis, check to measure Nokia 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 Nokia Corp is operating at the current time. Most of Nokia Corp's value examination focuses on studying past and present price action to predict the probability of Nokia 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 Nokia Corp's price. Additionally, you may evaluate how the addition of Nokia Corp to your portfolios can decrease your overall portfolio volatility.

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Is Nokia 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 Nokia Corp. If investors know Nokia 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 Nokia 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

0.576

Dividend Share

0.13

Earnings Share

0.16

Revenue Per Share

3.805

Quarterly Revenue Growth

(0.20)

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

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Nokia Retained Earnings vs Good Will Analysis

Retained Earnings vs Good Will

Retained Earnings vs Good Will Correlation Analysis

Correlation Coefficient

Retained Earnings

Good Will

Nokia Corp fundamental ratios Correlations

Nokia Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nokia Corp fundamental ratios Accounts

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Build Optimal Portfolios

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Complementary Tools for Nokia Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Total Equity
Total Liab	+ 0.95	Total Assets
Non Current Liabilities Total	+ 0.95	Non Current Assets Total
Net Receivables	+ 0.94	Total Assets
Total Stockholder Equity	+ 0.91	Total Assets
Total Current Assets	+ 0.91	Total Current Liabilities

Common Stock Total Equity	- 0.91	Property Plant And Equipment Gross
Common Stock	- 0.9	Property Plant And Equipment Gross
Other Stockholder Equity	- 0.71	Cash And Short Term Investments
Cash	- 0.7	Net Debt
Non Currrent Assets Other	- 0.69	Retained Earnings
Common Stock	- 0.66	Common Stock Shares Outstanding