Plexus Depreciation vs Free Cash Flow Analysis
PLXS Stock | USD 108.88 0.50 0.46% |
Plexus Corp financial indicator trend analysis is much more than just breaking down Plexus Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Plexus Corp is a good investment. Please check the relationship between Plexus Corp Depreciation and its Free Cash Flow accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Plexus Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy Plexus Stock please use our How to Invest in Plexus Corp guide.
Depreciation vs Free Cash Flow
Depreciation vs Free Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Plexus Corp Depreciation account and Free Cash Flow. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Plexus Corp's Depreciation and Free Cash Flow is 0.13. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Plexus Corp, assuming nothing else is changed. The correlation between historical values of Plexus Corp's Depreciation and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Plexus Corp are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Depreciation i.e., Plexus Corp's Depreciation and Free Cash Flow go up and down completely randomly.
Correlation Coefficient | 0.13 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Depreciation
Depreciation indicates how much of Plexus Corp value has been used up. For tax purposes Plexus Corp can deduct the cost of the tangible assets it purchases as business expenses. However, Plexus Corp must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Most indicators from Plexus Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Plexus Corp 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Plexus Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy Plexus Stock please use our How to Invest in Plexus Corp guide.Selling General Administrative is likely to gain to about 212.1 M in 2024. Tax Provision is likely to gain to about 27.6 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 347.2M | 394.6M | 453.7M | 476.4M | Total Revenue | 3.8B | 4.2B | 4.8B | 5.1B |
Plexus Corp fundamental ratios Correlations
Click cells to compare fundamentals
Plexus Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Plexus Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.3B | 2.5B | 3.4B | 3.3B | 3.8B | 4.0B | |
Short Long Term Debt Total | 371.6M | 291.3M | 495.4M | 469.6M | 540.1M | 567.1M | |
Other Current Liab | 180.4M | 222.4M | 446.1M | 165.5M | 190.3M | 199.8M | |
Total Current Liabilities | 1.0B | 1.1B | 2.0B | 1.8B | 2.1B | 2.2B | |
Total Stockholder Equity | 977.5M | 1.0B | 1.1B | 1.2B | 1.4B | 1.5B | |
Property Plant And Equipment Net | 453.5M | 467.2M | 509.8M | 561.4M | 645.6M | 677.9M | |
Net Debt | (14.2M) | 21.1M | 220.6M | 213.4M | 192.0M | 201.6M | |
Retained Earnings | 1.3B | 1.4B | 1.6B | 1.7B | 2.0B | 2.1B | |
Cash | 385.8M | 270.2M | 274.8M | 256.2M | 294.7M | 158.9M | |
Non Current Assets Total | 510.7M | 531.0M | 577.1M | 648.9M | 746.3M | 783.6M | |
Non Currrent Assets Other | 35.7M | 36.4M | 28.2M | 25.0M | 28.7M | 17.5M | |
Cash And Short Term Investments | 385.8M | 270.2M | 274.8M | 256.2M | 294.7M | 164.8M | |
Net Receivables | 596.0M | 635.0M | 876.2M | 803.8M | 924.4M | 970.6M | |
Common Stock Shares Outstanding | 29.9M | 29.2M | 28.4M | 28.1M | 25.3M | 33.0M | |
Liabilities And Stockholders Equity | 2.3B | 2.5B | 3.4B | 3.3B | 3.8B | 4.0B | |
Non Current Liabilities Total | 308.9M | 305.0M | 291.3M | 294.1M | 338.2M | 355.2M | |
Inventory | 763.5M | 972.3M | 1.6B | 1.6B | 1.8B | 1.9B | |
Other Current Assets | 31.8M | 53.1M | 61.6M | 49.7M | 57.1M | 60.0M | |
Other Stockholder Equity | (313.1M) | (403.3M) | (441.0M) | (473.2M) | (425.8M) | (404.6M) | |
Total Liab | 1.3B | 1.4B | 2.3B | 2.1B | 2.4B | 2.5B | |
Property Plant And Equipment Gross | 453.5M | 467.2M | 509.8M | 561.4M | 645.6M | 677.9M | |
Total Current Assets | 1.8B | 1.9B | 2.8B | 2.7B | 3.1B | 3.2B | |
Accumulated Other Comprehensive Income | (5.1M) | (3.0M) | (36.0M) | (24.3M) | (28.0M) | (26.6M) | |
Short Term Debt | 146.8M | 66.3M | 274.0M | 240.2M | 276.2M | 290.0M | |
Accounts Payable | 516.3M | 635.0M | 805.6M | 646.6M | 743.6M | 780.8M | |
Current Deferred Revenue | 160.0M | 205.0M | 480.5M | 760.4M | 874.4M | 918.1M | |
Common Stock Total Equity | 529K | 535K | 538K | 541K | 622.2K | 475.5K | |
Common Stock | 535K | 538K | 541K | 543K | 624.5K | 475.2K | |
Other Liab | 82.5M | 84.1M | 80.0M | 69.9M | 80.4M | 84.4M | |
Other Assets | 71.5M | 51.4M | 63.8M | 67.3M | 77.4M | 81.2M | |
Long Term Debt | 188.0M | 187.0M | 187.8M | 190.9M | 219.5M | 155.8M | |
Property Plant Equipment | 384.2M | 453.5M | 467.2M | 509.8M | 586.3M | 615.6M | |
Net Tangible Assets | 865.6M | 971.8M | 1.0B | 1.1B | 1.3B | 930.7M | |
Retained Earnings Total Equity | 1.2B | 1.3B | 1.4B | 1.6B | 1.8B | 977.4M | |
Capital Surpluse | 597.4M | 621.6M | 639.8M | 652.5M | 750.3M | 579.7M |
Pair Trading with Plexus Corp
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 Plexus Corp 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 Plexus Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Plexus Stock
0.79 | CDW | CDW Corp | PairCorr |
0.78 | NTGR | NETGEAR | PairCorr |
0.68 | IT | Gartner | PairCorr |
0.58 | RFIL | RF Industries Financial Report 12th of June 2024 | PairCorr |
0.47 | RDCM | Radcom | PairCorr |
The ability to find closely correlated positions to Plexus Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Plexus Corp 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 Plexus Corp - 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 Plexus Corp to buy it.
The correlation of Plexus Corp 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 Plexus Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Plexus Corp 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 Plexus Corp 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Plexus Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy Plexus Stock please use our How to Invest in Plexus Corp guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for Plexus Stock analysis
When running Plexus Corp's price analysis, check to measure Plexus 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 Plexus Corp is operating at the current time. Most of Plexus Corp's value examination focuses on studying past and present price action to predict the probability of Plexus 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 Plexus Corp's price. Additionally, you may evaluate how the addition of Plexus Corp to your portfolios can decrease your overall portfolio volatility.
Equity Valuation Check real value of public entities based on technical and fundamental data | |
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges |
Is Plexus 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 Plexus Corp. If investors know Plexus 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 Plexus 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 (0.60) | Earnings Share 3.63 | Revenue Per Share 145.204 | Quarterly Revenue Growth (0.1) | Return On Assets 0.0364 |
The market value of Plexus Corp is measured differently than its book value, which is the value of Plexus that is recorded on the company's balance sheet. Investors also form their own opinion of Plexus Corp's value that differs from its market value or its book value, called intrinsic value, which is Plexus 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 Plexus Corp's market value can be influenced by many factors that don't directly affect Plexus 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 Plexus Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Plexus Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Plexus 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.