Western Current Deferred Revenue vs Capex To Revenue Analysis

WDC Stock

USD 71.60 0.49 0.68%

Western Digital financial indicator trend analysis is more than just analyzing Western Digital current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Western Digital is a good investment. Please check the relationship between Western Digital Current Deferred Revenue and its Capex To Revenue accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Digital. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

For information on how to trade Western Stock refer to our How to Trade Western Stock guide.

Current Deferred Revenue vs Capex To Revenue

Current Deferred Revenue vs Capex To Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Western Digital Current Deferred Revenue account and Capex To Revenue. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Western Digital's Current Deferred Revenue and Capex To Revenue is 0.54. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Capex To Revenue in the same time period over historical financial statements of Western Digital, assuming nothing else is changed. The correlation between historical values of Western Digital's Current Deferred Revenue and Capex To Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Western Digital are associated (or correlated) with its Capex To Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Revenue has no effect on the direction of Current Deferred Revenue i.e., Western Digital's Current Deferred Revenue and Capex To Revenue go up and down completely randomly.

Correlation Coefficient

0.54

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Capex To Revenue

The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.

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

For information on how to trade Western Stock refer to our How to Trade Western Stock guide.At present, Western Digital's Enterprise Value is projected to increase significantly based on the last few years of reporting.

	2021	2022	2023	2024 (projected)
Total Revenue	18.8B	12.3B	14.2B	8.0B
Depreciation And Amortization	972M	828M	952.2M	570.8M

Total Revenue Depreciation And Amortization

Western Digital 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	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Property Plant And Equipment Gross	Good Will	Common Stock Total Equity
Total Assets		0.9	0.71	0.85	0.91	0.61	0.84	0.78	0.42	0.98	0.54	0.41	0.41	0.73	0.84	0.8	0.87	0.83	0.87	0.89	0.48	0.5	0.5	0.61	0.88	-0.68
Short Long Term Debt Total	0.9		0.39	0.66	0.65	0.27	0.91	0.53	0.54	0.89	0.35	0.53	0.18	0.48	0.72	0.55	0.63	0.64	0.73	0.76	0.57	0.77	0.35	0.28	0.83	-0.41
Other Current Liab	0.71	0.39		0.81	0.83	0.75	0.49	0.65	-0.09	0.72	0.72	-0.1	0.33	0.65	0.8	0.89	0.85	0.82	0.83	0.56	0.32	-0.16	0.2	0.75	0.61	-0.59
Total Current Liabilities	0.85	0.66	0.81		0.87	0.84	0.59	0.77	0.36	0.8	0.5	0.36	0.36	0.64	0.78	0.72	0.88	0.7	0.85	0.82	0.7	0.29	0.42	0.84	0.63	-0.72
Total Stockholder Equity	0.91	0.65	0.83	0.87		0.82	0.58	0.93	0.36	0.86	0.53	0.35	0.54	0.8	0.75	0.82	0.91	0.77	0.8	0.89	0.36	0.23	0.56	0.82	0.73	-0.83
Property Plant And Equipment Net	0.61	0.27	0.75	0.84	0.82		0.17	0.79	0.27	0.52	0.34	0.26	0.57	0.67	0.48	0.57	0.75	0.54	0.57	0.7	0.34	0.02	0.6	1.0	0.34	-0.85
Net Debt	0.84	0.91	0.49	0.59	0.58	0.17		0.35	0.16	0.91	0.59	0.13	0.08	0.44	0.83	0.73	0.67	0.8	0.81	0.54	0.47	0.51	0.15	0.19	0.89	-0.24
Retained Earnings	0.78	0.53	0.65	0.77	0.93	0.79	0.35		0.56	0.68	0.29	0.56	0.56	0.74	0.52	0.58	0.77	0.5	0.59	0.92	0.31	0.28	0.63	0.79	0.54	-0.87
Cash	0.42	0.54	-0.09	0.36	0.36	0.27	0.16	0.56		0.27	-0.38	1.0	0.28	0.27	0.01	-0.16	0.14	-0.1	0.08	0.72	0.38	0.82	0.56	0.26	0.2	-0.47
Non Current Assets Total	0.98	0.89	0.72	0.8	0.86	0.52	0.91	0.68	0.27		0.64	0.25	0.31	0.68	0.9	0.86	0.86	0.89	0.91	0.78	0.47	0.43	0.38	0.53	0.92	-0.57
Non Currrent Assets Other	0.54	0.35	0.72	0.5	0.53	0.34	0.59	0.29	-0.38	0.64		-0.39	0.02	0.47	0.74	0.87	0.69	0.72	0.72	0.23	0.2	-0.29	-0.04	0.36	0.62	-0.31
Cash And Short Term Investments	0.41	0.53	-0.1	0.36	0.35	0.26	0.13	0.56	1.0	0.25	-0.39		0.27	0.25	0.0	-0.18	0.13	-0.12	0.07	0.71	0.39	0.81	0.54	0.25	0.18	-0.46
Net Receivables	0.41	0.18	0.33	0.36	0.54	0.57	0.08	0.56	0.28	0.31	0.02	0.27		0.75	0.04	0.29	0.46	0.43	0.1	0.58	-0.22	0.06	0.89	0.58	0.4	-0.59
Common Stock Shares Outstanding	0.73	0.48	0.65	0.64	0.8	0.67	0.44	0.74	0.27	0.68	0.47	0.25	0.75		0.52	0.68	0.72	0.67	0.56	0.72	0.07	0.12	0.73	0.68	0.77	-0.65
Non Current Liabilities Total	0.84	0.72	0.8	0.78	0.75	0.48	0.83	0.52	0.01	0.9	0.74	0.0	0.04	0.52		0.88	0.79	0.83	0.99	0.55	0.55	0.21	0.06	0.49	0.79	-0.4
Inventory	0.8	0.55	0.89	0.72	0.82	0.57	0.73	0.58	-0.16	0.86	0.87	-0.18	0.29	0.68	0.88		0.88	0.93	0.88	0.54	0.27	-0.08	0.21	0.57	0.8	-0.51
Other Current Assets	0.87	0.63	0.85	0.88	0.91	0.75	0.67	0.77	0.14	0.86	0.69	0.13	0.46	0.72	0.79	0.88		0.84	0.83	0.75	0.47	0.12	0.41	0.76	0.76	-0.7
Other Stockholder Equity	0.83	0.64	0.82	0.7	0.77	0.54	0.8	0.5	-0.1	0.89	0.72	-0.12	0.43	0.67	0.83	0.93	0.84		0.84	0.56	0.23	0.08	0.34	0.55	0.84	-0.48
Total Liab	0.87	0.73	0.83	0.85	0.8	0.57	0.81	0.59	0.08	0.91	0.72	0.07	0.1	0.56	0.99	0.88	0.83	0.84		0.62	0.6	0.23	0.13	0.58	0.78	-0.47
Total Current Assets	0.89	0.76	0.56	0.82	0.89	0.7	0.54	0.92	0.72	0.78	0.23	0.71	0.58	0.72	0.55	0.54	0.75	0.56	0.62		0.43	0.57	0.71	0.71	0.66	-0.83
Short Term Debt	0.48	0.57	0.32	0.7	0.36	0.34	0.47	0.31	0.38	0.47	0.2	0.39	-0.22	0.07	0.55	0.27	0.47	0.23	0.6	0.43		0.46	-0.08	0.34	0.32	-0.19
Intangible Assets	0.5	0.77	-0.16	0.29	0.23	0.02	0.51	0.28	0.82	0.43	-0.29	0.81	0.06	0.12	0.21	-0.08	0.12	0.08	0.23	0.57	0.46		0.35	0.01	0.37	-0.19
Accounts Payable	0.5	0.35	0.2	0.42	0.56	0.6	0.15	0.63	0.56	0.38	-0.04	0.54	0.89	0.73	0.06	0.21	0.41	0.34	0.13	0.71	-0.08	0.35		0.61	0.39	-0.7
Property Plant And Equipment Gross	0.61	0.28	0.75	0.84	0.82	1.0	0.19	0.79	0.26	0.53	0.36	0.25	0.58	0.68	0.49	0.57	0.76	0.55	0.58	0.71	0.34	0.01	0.61		0.35	-0.85
Good Will	0.88	0.83	0.61	0.63	0.73	0.34	0.89	0.54	0.2	0.92	0.62	0.18	0.4	0.77	0.79	0.8	0.76	0.84	0.78	0.66	0.32	0.37	0.39	0.35		-0.38
Common Stock Total Equity	-0.68	-0.41	-0.59	-0.72	-0.83	-0.85	-0.24	-0.87	-0.47	-0.57	-0.31	-0.46	-0.59	-0.65	-0.4	-0.51	-0.7	-0.48	-0.47	-0.83	-0.19	-0.19	-0.7	-0.85	-0.38

Click cells to compare fundamentals

Western Digital Account Relationship Matchups

Western Digital fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	25.7B	26.1B	26.3B	24.4B	28.1B	29.5B
Short Long Term Debt Total	9.6B	8.7B	7.0B	7.1B	8.1B	8.5B
Other Current Liab	1.8B	2.3B	2.3B	2.6B	3.0B	3.2B
Total Current Liabilities	4.4B	4.9B	4.6B	5.4B	6.2B	6.6B
Total Stockholder Equity	9.6B	10.7B	12.2B	10.8B	12.5B	13.1B
Property Plant And Equipment Net	2.9B	3.2B	3.7B	3.6B	4.2B	4.4B
Net Debt	6.5B	5.4B	4.7B	5.0B	5.8B	6.1B
Retained Earnings	6.7B	7.5B	9.0B	7.4B	8.5B	9.0B
Cash	3.0B	3.4B	2.3B	2.0B	2.3B	1.9B
Non Current Assets Total	16.6B	16.4B	16.8B	16.5B	19.0B	20.0B
Non Currrent Assets Other	2.8B	2.7B	1.5B	2.8B	3.2B	3.4B
Cash And Short Term Investments	3.0B	3.4B	2.3B	2.0B	2.3B	1.9B
Net Receivables	2.4B	2.3B	2.8B	1.6B	1.8B	976.6M
Common Stock Shares Outstanding	298M	309M	316M	318M	365.7M	198.1M
Liabilities And Stockholders Equity	25.7B	26.1B	26.3B	24.4B	28.1B	29.5B
Non Current Liabilities Total	11.7B	10.5B	9.5B	18.1B	20.8B	21.9B
Inventory	3.1B	3.6B	3.6B	3.7B	4.3B	4.5B
Other Current Assets	551M	514M	684M	567M	652.1M	684.7M
Other Stockholder Equity	3.0B	3.4B	3.7B	3.1B	3.5B	3.7B
Total Liab	16.1B	15.4B	14.0B	23.6B	27.1B	28.4B
Total Current Assets	9.0B	9.8B	9.5B	7.9B	9.1B	9.5B
Short Term Debt	286M	251M	40M	1.2B	1.4B	1.5B
Intangible Assets	941M	442M	213M	80M	92M	87.4M
Accounts Payable	2.4B	2.3B	2.2B	1.6B	1.8B	1.2B
Property Plant And Equipment Gross	3.1B	3.2B	3.7B	3.6B	4.2B	4.4B
Accumulated Other Comprehensive Income	(157M)	(197M)	(554M)	(516M)	(464.4M)	(441.2M)
Good Will	10.1B	10.1B	10.0B	10.0B	11.5B	5.8B
Short Term Investments	2M	1.9B	1.6B	3M	3.5M	3.3M
Other Liab	2.2B	2.1B	2.5B	1.2B	1.3B	828.3M
Other Assets	1.9B	2.7B	2.9B	2.0B	2.3B	2.5B
Long Term Debt	9.3B	8.5B	7.0B	5.9B	6.7B	4.4B
Property Plant Equipment	3.1B	3.2B	3.7B	3.6B	4.2B	2.3B
Net Tangible Assets	(1.5B)	213M	2.0B	11.7B	10.6B	11.1B

Western Digital Investors Sentiment

The influence of Western Digital's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Western. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Western Digital's public news can be used to forecast risks associated with an investment in Western. The trend in average sentiment can be used to explain how an investor holding Western can time the market purely based on public headlines and social activities around Western Digital. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Western Digital's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Western Digital's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Western Digital's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Western Digital.

Western Digital Implied Volatility

47.52

Western Digital's implied volatility exposes the market's sentiment of Western Digital stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Western Digital's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Western Digital stock will not fluctuate a lot when Western Digital's options are near their expiration.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Western Digital in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Western Digital's short interest history, or implied volatility extrapolated from Western Digital options trading.

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When determining whether Western Digital offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Western Digital'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 Western Digital Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Western Digital Stock:

How To Invest In Western

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Is Western Stock a good investment?

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What is Western Digital's Net Worth?

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Digital. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

For information on how to trade Western Stock refer to our How to Trade Western Stock guide.

Note that the Western Digital information on this page should be used as a complementary analysis to other Western Digital's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for Western Stock analysis

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

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Is Western Digital'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 Western Digital. If investors know Western 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 Western Digital 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

(5.07)

Revenue Per Share

36.933

Quarterly Revenue Growth

(0.41)

Return On Assets

(0.03)

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

Current Deferred Revenue vs Capex To Revenue

Current Deferred Revenue vs Capex To Revenue Correlation Analysis

Correlation Coefficient

Current Deferred Revenue

Capex To Revenue

Western Digital fundamental ratios Correlations

Western Digital Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Western Digital fundamental ratios Accounts

Western Digital Investors Sentiment

Western Digital Implied Volatility

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Complementary Tools for Western Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Non Current Liabilities Total
Non Current Assets Total	+ 0.98	Total Assets
Retained Earnings	+ 0.93	Total Stockholder Equity
Other Stockholder Equity	+ 0.93	Inventory

Common Stock Total Equity	- 0.87	Retained Earnings
Common Stock Total Equity	- 0.85	Property Plant And Equipment Gross
Common Stock Total Equity	- 0.85	Property Plant And Equipment Net
Common Stock Total Equity	- 0.83	Total Current Assets
Common Stock Total Equity	- 0.83	Total Stockholder Equity
Common Stock Total Equity	- 0.72	Total Current Liabilities