Plexus Net Receivables vs Property Plant And Equipment Gross Analysis

PLXS Stock

USD 107.80 0.03 0.03%

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 Net Receivables and its Property Plant And Equipment Gross 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 closely tied 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.

Net Receivables vs Property Plant And Equipment Gross

Net Receivables vs Property Plant And Equipment Gross Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Plexus Corp Net Receivables account and Property Plant And Equipment Gross. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Plexus Corp's Net Receivables and Property Plant And Equipment Gross is 0.97. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Property Plant And Equipment Gross 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 Net Receivables and Property Plant And Equipment Gross is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Plexus Corp are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Net Receivables i.e., Plexus Corp's Net Receivables and Property Plant And Equipment Gross go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Receivables

Property Plant And Equipment Gross

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 closely tied 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

Gross Profit Total Revenue

Plexus 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	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 Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Current Deferred Revenue	Common Stock Total Equity
Total Assets		0.96	0.72	0.98	0.95	0.98	0.68	0.99	0.07	0.98	-0.09	0.07	0.98	-0.02	0.66	0.98	0.95	-0.84	0.99	0.98	1.0	0.81	0.7	0.97	0.9	0.65
Short Long Term Debt Total	0.96		0.68	0.94	0.91	0.95	0.66	0.92	0.14	0.94	-0.12	0.15	0.95	0.05	0.64	0.93	0.88	-0.75	0.95	0.95	0.96	0.82	0.57	0.91	0.87	0.66
Other Current Liab	0.72	0.68		0.75	0.58	0.66	0.63	0.68	-0.02	0.65	0.02	-0.02	0.77	-0.12	0.5	0.71	0.82	-0.76	0.75	0.66	0.73	0.58	0.62	0.82	0.5	0.48
Total Current Liabilities	0.98	0.94	0.75		0.88	0.93	0.77	0.95	-0.06	0.93	-0.23	-0.05	0.97	-0.18	0.55	0.99	0.94	-0.87	0.99	0.93	0.98	0.86	0.71	0.94	0.93	0.51
Total Stockholder Equity	0.95	0.91	0.58	0.88		0.95	0.44	0.96	0.32	0.95	0.1	0.32	0.9	0.22	0.64	0.88	0.87	-0.7	0.89	0.95	0.94	0.74	0.58	0.92	0.77	0.79
Property Plant And Equipment Net	0.98	0.95	0.66	0.93	0.95		0.66	0.98	0.08	1.0	-0.01	0.09	0.97	0.04	0.76	0.94	0.94	-0.83	0.96	1.0	0.97	0.72	0.7	0.95	0.86	0.7
Net Debt	0.68	0.66	0.63	0.77	0.44	0.66		0.65	-0.6	0.66	-0.38	-0.6	0.76	-0.52	0.52	0.77	0.71	-0.83	0.78	0.66	0.68	0.52	0.71	0.64	0.81	0.1
Retained Earnings	0.99	0.92	0.68	0.95	0.96	0.98	0.65		0.07	0.98	-0.04	0.08	0.98	-0.03	0.65	0.96	0.94	-0.87	0.96	0.98	0.98	0.79	0.74	0.96	0.87	0.66
Cash	0.07	0.14	-0.02	-0.06	0.32	0.08	-0.6	0.07		0.06	0.47	1.0	-0.03	0.66	-0.01	-0.09	-0.01	0.26	-0.05	0.08	0.07	0.14	-0.4	0.1	-0.24	0.63
Non Current Assets Total	0.98	0.94	0.65	0.93	0.95	1.0	0.66	0.98	0.06		0.01	0.07	0.96	0.04	0.76	0.94	0.93	-0.83	0.96	1.0	0.97	0.71	0.72	0.95	0.86	0.7
Non Currrent Assets Other	-0.09	-0.12	0.02	-0.23	0.1	-0.01	-0.38	-0.04	0.47	0.01		0.47	-0.09	0.62	0.26	-0.22	-0.08	0.16	-0.18	-0.01	-0.12	-0.29	-0.01	0.01	-0.41	0.57
Cash And Short Term Investments	0.07	0.15	-0.02	-0.05	0.32	0.09	-0.6	0.08	1.0	0.07	0.47		-0.02	0.66	-0.01	-0.08	-0.01	0.26	-0.05	0.09	0.07	0.15	-0.39	0.11	-0.23	0.63
Net Receivables	0.98	0.95	0.77	0.97	0.9	0.97	0.76	0.98	-0.03	0.96	-0.09	-0.02		-0.1	0.68	0.97	0.95	-0.9	0.99	0.97	0.98	0.78	0.75	0.96	0.88	0.61
Common Stock Shares Outstanding	-0.02	0.05	-0.12	-0.18	0.22	0.04	-0.52	-0.03	0.66	0.04	0.62	0.66	-0.1		0.27	-0.15	-0.09	0.41	-0.13	0.04	-0.03	-0.2	-0.25	0.04	-0.29	0.53
Non Current Liabilities Total	0.66	0.64	0.5	0.55	0.64	0.76	0.52	0.65	-0.01	0.76	0.26	-0.01	0.68	0.27		0.6	0.65	-0.55	0.64	0.76	0.63	0.13	0.56	0.7	0.49	0.69
Inventory	0.98	0.93	0.71	0.99	0.88	0.94	0.77	0.96	-0.09	0.94	-0.22	-0.08	0.97	-0.15	0.6		0.94	-0.86	0.99	0.94	0.98	0.81	0.73	0.94	0.94	0.52
Other Current Assets	0.95	0.88	0.82	0.94	0.87	0.94	0.71	0.94	-0.01	0.93	-0.08	-0.01	0.95	-0.09	0.65	0.94		-0.89	0.95	0.94	0.95	0.73	0.72	0.97	0.82	0.6
Other Stockholder Equity	-0.84	-0.75	-0.76	-0.87	-0.7	-0.83	-0.83	-0.87	0.26	-0.83	0.16	0.26	-0.9	0.41	-0.55	-0.86	-0.89		-0.88	-0.83	-0.84	-0.68	-0.84	-0.84	-0.79	-0.39
Total Liab	0.99	0.95	0.75	0.99	0.89	0.96	0.78	0.96	-0.05	0.96	-0.18	-0.05	0.99	-0.13	0.64	0.99	0.95	-0.88		0.96	0.99	0.81	0.72	0.96	0.92	0.57
Property Plant And Equipment Gross	0.98	0.95	0.66	0.93	0.95	1.0	0.66	0.98	0.08	1.0	-0.01	0.09	0.97	0.04	0.76	0.94	0.94	-0.83	0.96		0.97	0.72	0.7	0.95	0.86	0.7
Total Current Assets	1.0	0.96	0.73	0.98	0.94	0.97	0.68	0.98	0.07	0.97	-0.12	0.07	0.98	-0.03	0.63	0.98	0.95	-0.84	0.99	0.97		0.82	0.69	0.97	0.9	0.64
Short Term Debt	0.81	0.82	0.58	0.86	0.74	0.72	0.52	0.79	0.14	0.71	-0.29	0.15	0.78	-0.2	0.13	0.81	0.73	-0.68	0.81	0.72	0.82		0.48	0.72	0.79	0.36
Intangible Assets	0.7	0.57	0.62	0.71	0.58	0.7	0.71	0.74	-0.4	0.72	-0.01	-0.39	0.75	-0.25	0.56	0.73	0.72	-0.84	0.72	0.7	0.69	0.48		0.72	0.65	0.27
Accounts Payable	0.97	0.91	0.82	0.94	0.92	0.95	0.64	0.96	0.1	0.95	0.01	0.11	0.96	0.04	0.7	0.94	0.97	-0.84	0.96	0.95	0.97	0.72	0.72		0.79	0.7
Current Deferred Revenue	0.9	0.87	0.5	0.93	0.77	0.86	0.81	0.87	-0.24	0.86	-0.41	-0.23	0.88	-0.29	0.49	0.94	0.82	-0.79	0.92	0.86	0.9	0.79	0.65	0.79		0.33
Common Stock Total Equity	0.65	0.66	0.48	0.51	0.79	0.7	0.1	0.66	0.63	0.7	0.57	0.63	0.61	0.53	0.69	0.52	0.6	-0.39	0.57	0.7	0.64	0.36	0.27	0.7	0.33

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Plexus Corp Account Relationship Matchups

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 together with Plexus Stock

0.9	DSWL	Deswell Industries	Pair Corr
0.63	ERIC	Telefonaktiebolaget Aggressive Push	Pair Corr

Moving against Plexus Stock

0.85	JNPR	Juniper Networks	Pair Corr
0.82	QBTS	DPCM Capital	Pair Corr
0.8	CDW	CDW Corp	Pair Corr
0.8	SSYS	Stratasys	Pair Corr
0.75	NTGR	NETGEAR	Pair Corr

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.

Pair Correlation Correlation Matching

Additional 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.

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