Stryker Net Invested Capital vs Short Term Investments Analysis
SYK Stock | USD 335.54 5.42 1.64% |
Stryker financial indicator trend analysis is much more than just breaking down Stryker prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Stryker is a good investment. Please check the relationship between Stryker Net Invested Capital and its Short Term Investments accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stryker. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For more information on how to buy Stryker Stock please use our How to buy in Stryker Stock guide.
Net Invested Capital vs Short Term Investments
Net Invested Capital vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Stryker Net Invested Capital account and Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Stryker's Net Invested Capital and Short Term Investments is -0.26. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Stryker, assuming nothing else is changed. The correlation between historical values of Stryker's Net Invested Capital and Short Term Investments 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 Invested Capital of Stryker are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Net Invested Capital i.e., Stryker's Net Invested Capital and Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.26 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Short Term Investments
Short Term Investments is an item under the current assets section of Stryker balance sheet. It contains any investments Stryker undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Stryker can easily liquidate in the marketplace.Most indicators from Stryker's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Stryker 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Stryker. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For more information on how to buy Stryker Stock please use our How to buy in Stryker Stock guide.At this time, Stryker's Selling General Administrative is quite stable compared to the past year. Enterprise Value is expected to rise to about 116.9 B this year, although the value of Tax Provision will most likely fall to about 289.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 11.0B | 11.6B | 13.1B | 13.7B | Total Revenue | 17.1B | 18.4B | 20.5B | 21.5B |
Stryker fundamental ratios Correlations
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Stryker Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Stryker fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 30.2B | 34.3B | 34.6B | 36.9B | 39.9B | 41.9B | |
Short Long Term Debt Total | 10.2B | 13.2B | 12.5B | 13.0B | 13.0B | 13.6B | |
Other Current Liab | 2.9B | 3.5B | 3.4B | 3.7B | 3.9B | 4.1B | |
Total Current Liabilities | 4.4B | 5.0B | 4.5B | 6.3B | 7.9B | 8.3B | |
Total Stockholder Equity | 12.8B | 13.1B | 14.9B | 16.6B | 18.6B | 19.5B | |
Property Plant And Equipment Net | 2.6B | 2.8B | 2.8B | 3.0B | 3.2B | 3.4B | |
Net Debt | 5.9B | 10.3B | 9.5B | 11.2B | 10.0B | 10.5B | |
Retained Earnings | 11.7B | 12.5B | 13.5B | 14.8B | 16.8B | 17.6B | |
Cash | 4.3B | 2.9B | 2.9B | 1.8B | 3.0B | 3.1B | |
Non Current Assets Total | 18.8B | 24.6B | 24.6B | 26.6B | 27.4B | 28.8B | |
Non Currrent Assets Other | 1.4B | 2.0B | 2.2B | 2.4B | 2.7B | 2.8B | |
Cash And Short Term Investments | 4.4B | 3.0B | 3.0B | 1.9B | 3.1B | 1.7B | |
Net Receivables | 2.9B | 2.7B | 3.0B | 3.6B | 3.8B | 4.0B | |
Liabilities And Stockholders Equity | 30.2B | 34.3B | 34.6B | 36.9B | 39.9B | 41.9B | |
Non Current Liabilities Total | 13.0B | 16.2B | 15.2B | 14.0B | 13.4B | 14.1B | |
Inventory | 3.3B | 3.5B | 3.3B | 4.0B | 4.8B | 5.1B | |
Other Current Assets | 760M | 488M | 662M | 787M | 857M | 520.6M | |
Other Stockholder Equity | 1.6B | 1.7B | 1.9B | 2.0B | 2.2B | 2.3B | |
Total Liab | 17.4B | 21.2B | 19.8B | 20.3B | 21.3B | 22.4B | |
Total Current Assets | 11.4B | 9.7B | 10.0B | 10.3B | 12.5B | 13.1B | |
Short Term Debt | 859M | 761M | 7M | 1.2B | 2.1B | 2.2B | |
Intangible Assets | 4.2B | 5.6B | 4.8B | 4.9B | 4.6B | 4.8B | |
Accounts Payable | 675M | 810M | 1.1B | 1.4B | 1.5B | 1.6B | |
Property Plant And Equipment Gross | 2.6B | 2.8B | 5.5B | 5.8B | 6.3B | 6.7B | |
Accumulated Other Comprehensive Income | (606M) | (1.2B) | (531M) | (221M) | (416M) | (395.2M) | |
Short Term Investments | 88M | 81M | 75M | 84M | 82M | 77.9M | |
Good Will | 9.1B | 12.8B | 12.9B | 14.9B | 15.2B | 16.0B | |
Other Liab | 2.4B | 3.0B | 2.7B | 1.8B | 2.0B | 1.1B | |
Other Assets | 2.6B | 3.5B | 4.0B | 3.9B | 4.5B | 4.7B | |
Long Term Debt | 10.2B | 13.2B | 12.5B | 11.9B | 10.9B | 11.4B | |
Property Plant Equipment | 2.6B | 2.8B | 2.8B | 3.0B | 3.4B | 3.6B | |
Net Tangible Assets | (489M) | (5.2B) | (2.9B) | (3.1B) | (2.8B) | (2.7B) | |
Retained Earnings Total Equity | 11.7B | 12.5B | 13.5B | 14.8B | 17.0B | 10.2B | |
Capital Surpluse | 1.6B | 1.7B | 1.9B | 2.0B | 2.3B | 1.5B | |
Non Current Liabilities Other | 2.7B | 3.0B | 1.8B | 1.5B | 1.9B | 1.8B | |
Accumulated Depreciation | (2.1B) | (2.4B) | (2.7B) | (2.8B) | (2.6B) | (2.7B) |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stryker. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For more information on how to buy Stryker Stock please use our How to buy in Stryker Stock guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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Is Stryker'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 Stryker. If investors know Stryker 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 Stryker 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 0.331 | Dividend Share 3.1 | Earnings Share 8.76 | Revenue Per Share 55.173 | Quarterly Revenue Growth 0.097 |
The market value of Stryker is measured differently than its book value, which is the value of Stryker that is recorded on the company's balance sheet. Investors also form their own opinion of Stryker's value that differs from its market value or its book value, called intrinsic value, which is Stryker'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 Stryker's market value can be influenced by many factors that don't directly affect Stryker'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 Stryker's value and its price as these two are different measures arrived at by different means. Investors typically determine if Stryker is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Stryker'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.