Western Other Current Assets vs Retained Earnings Analysis
WDC Stock | USD 75.29 0.22 0.29% |
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 Other Current Assets and its Retained Earnings 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.
Other Current Assets vs Retained Earnings
Other Current Assets vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Western Digital Other Current Assets account and Retained Earnings. At this time, the significance of the direction appears to have strong relationship.
The correlation between Western Digital's Other Current Assets and Retained Earnings is 0.77. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Retained Earnings 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 Other Current Assets and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Western Digital are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Other Current Assets i.e., Western Digital's Other Current Assets and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.77 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.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.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 |
Western Digital fundamental ratios Correlations
Click cells to compare fundamentals
Western Digital Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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: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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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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.