Zoetis Good Will vs Property Plant And Equipment Net Analysis

ZTS Stock

USD 176.92 0.14 0.08%

Zoetis financial indicator trend analysis is more than just analyzing Zoetis Inc current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zoetis Inc is a good investment. Please check the relationship between Zoetis Good Will and its Property Plant And Equipment Net accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zoetis Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Good Will vs Property Plant And Equipment Net

Good Will vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zoetis Inc Good Will account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Zoetis' Good Will and Property Plant And Equipment Net is 0.87. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Zoetis Inc, assuming nothing else is changed. The correlation between historical values of Zoetis' Good Will and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Zoetis Inc are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Good Will i.e., Zoetis' Good Will and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.87

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Most indicators from Zoetis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zoetis Inc 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 Zoetis Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Sales General And Administrative To Revenue is likely to gain to 0.29 in 2024, whereas Selling General Administrative is likely to drop slightly above 1.3 B in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	224M	221M	285M	162.4M
Depreciation And Amortization	161M	150M	491M	515.6M

Interest Expense Depreciation And Amortization

Zoetis fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets
Common Stock Shares Outstanding		-0.39	-0.25	-0.6	-0.29	-0.41	-0.22	-0.43	0.32	-0.18	-0.2	-0.29	-0.41	-0.41	-0.31	-0.23	-0.29	-0.4	-0.37	-0.25	-0.37	-0.43	0.63	-0.27	-0.78	-0.35
Total Assets	-0.39		0.9	0.49	0.82	0.56	0.76	0.94	-0.07	0.73	0.6	0.94	0.98	0.49	0.58	0.87	0.94	0.78	0.97	0.88	0.85	0.96	-0.86	0.92	0.75	0.98
Short Long Term Debt Total	-0.25	0.9		0.33	0.78	0.16	0.82	0.77	0.08	0.93	0.57	0.88	0.87	0.22	0.27	0.99	0.88	0.75	0.9	0.99	0.72	0.8	-0.86	1.0	0.57	0.89
Other Current Liab	-0.6	0.49	0.33		0.32	0.5	0.18	0.56	-0.85	0.26	0.31	0.35	0.47	0.6	0.32	0.34	0.35	0.59	0.42	0.33	0.67	0.54	-0.61	0.35	0.79	0.48
Total Current Liabilities	-0.29	0.82	0.78	0.32		0.4	0.44	0.78	0.11	0.61	0.62	0.83	0.75	0.28	0.52	0.68	0.83	0.7	0.74	0.68	0.77	0.72	-0.72	0.79	0.64	0.87
Total Stockholder Equity	-0.41	0.56	0.16	0.5	0.4		0.16	0.69	-0.33	-0.11	0.23	0.46	0.58	0.73	0.81	0.1	0.45	0.32	0.51	0.13	0.56	0.65	-0.31	0.19	0.62	0.52
Other Liab	-0.22	0.76	0.82	0.18	0.44	0.16		0.55	0.1	0.76	0.24	0.72	0.8	0.12	0.19	0.84	0.73	0.43	0.85	0.86	0.43	0.65	-0.62	0.82	0.34	0.67
Property Plant And Equipment Net	-0.43	0.94	0.77	0.56	0.78	0.69	0.55		-0.17	0.61	0.58	0.81	0.92	0.7	0.67	0.73	0.81	0.83	0.87	0.74	0.93	0.97	-0.84	0.79	0.83	0.91
Current Deferred Revenue	0.32	-0.07	0.08	-0.85	0.11	-0.33	0.1	-0.17		0.09	0.01	0.05	-0.09	-0.47	-0.09	0.04	0.05	-0.21	-0.04	0.05	-0.29	-0.14	0.17	0.07	-0.4	-0.06
Net Debt	-0.18	0.73	0.93	0.26	0.61	-0.11	0.76	0.61	0.09		0.43	0.64	0.73	0.18	0.03	0.94	0.65	0.71	0.76	0.93	0.61	0.64	-0.81	0.91	0.44	0.69
Accounts Payable	-0.2	0.6	0.57	0.31	0.62	0.23	0.24	0.58	0.01	0.43		0.62	0.5	0.16	0.4	0.56	0.62	0.75	0.49	0.56	0.57	0.62	-0.57	0.6	0.49	0.67
Cash	-0.29	0.94	0.88	0.35	0.83	0.46	0.72	0.81	0.05	0.64	0.62		0.86	0.23	0.5	0.84	1.0	0.65	0.88	0.85	0.71	0.85	-0.75	0.89	0.61	0.97
Non Current Assets Total	-0.41	0.98	0.87	0.47	0.75	0.58	0.8	0.92	-0.09	0.73	0.5	0.86		0.55	0.56	0.85	0.87	0.74	0.99	0.86	0.8	0.95	-0.83	0.89	0.72	0.91
Non Currrent Assets Other	-0.41	0.49	0.22	0.6	0.28	0.73	0.12	0.7	-0.47	0.18	0.16	0.23	0.55		0.68	0.21	0.23	0.51	0.45	0.22	0.68	0.61	-0.48	0.24	0.65	0.4
Other Assets	-0.31	0.58	0.27	0.32	0.52	0.81	0.19	0.67	-0.09	0.03	0.4	0.5	0.56	0.68		0.2	0.5	0.35	0.49	0.22	0.61	0.64	-0.35	0.3	0.51	0.56
Long Term Debt	-0.23	0.87	0.99	0.34	0.68	0.1	0.84	0.73	0.04	0.94	0.56	0.84	0.85	0.21	0.2		0.85	0.75	0.88	1.0	0.69	0.79	-0.86	0.99	0.54	0.86
Cash And Short Term Investments	-0.29	0.94	0.88	0.35	0.83	0.45	0.73	0.81	0.05	0.65	0.62	1.0	0.87	0.23	0.5	0.85		0.65	0.89	0.86	0.71	0.85	-0.75	0.9	0.61	0.97
Net Receivables	-0.4	0.78	0.75	0.59	0.7	0.32	0.43	0.83	-0.21	0.71	0.75	0.65	0.74	0.51	0.35	0.75	0.65		0.7	0.74	0.84	0.8	-0.87	0.77	0.78	0.79
Good Will	-0.37	0.97	0.9	0.42	0.74	0.51	0.85	0.87	-0.04	0.76	0.49	0.88	0.99	0.45	0.49	0.88	0.89	0.7		0.9	0.75	0.92	-0.81	0.91	0.66	0.9
Non Current Liabilities Total	-0.25	0.88	0.99	0.33	0.68	0.13	0.86	0.74	0.05	0.93	0.56	0.85	0.86	0.22	0.22	1.0	0.86	0.74	0.9		0.69	0.8	-0.85	0.99	0.54	0.86
Inventory	-0.37	0.85	0.72	0.67	0.77	0.56	0.43	0.93	-0.29	0.61	0.57	0.71	0.8	0.68	0.61	0.69	0.71	0.84	0.75	0.69		0.87	-0.84	0.74	0.84	0.86
Other Current Assets	-0.43	0.96	0.8	0.54	0.72	0.65	0.65	0.97	-0.14	0.64	0.62	0.85	0.95	0.61	0.64	0.79	0.85	0.8	0.92	0.8	0.87		-0.84	0.83	0.8	0.92
Other Stockholder Equity	0.63	-0.86	-0.86	-0.61	-0.72	-0.31	-0.62	-0.84	0.17	-0.81	-0.57	-0.75	-0.83	-0.48	-0.35	-0.86	-0.75	-0.87	-0.81	-0.85	-0.84	-0.84		-0.87	-0.87	-0.84
Total Liab	-0.27	0.92	1.0	0.35	0.79	0.19	0.82	0.79	0.07	0.91	0.6	0.89	0.89	0.24	0.3	0.99	0.9	0.77	0.91	0.99	0.74	0.83	-0.87		0.59	0.91
Property Plant And Equipment Gross	-0.78	0.75	0.57	0.79	0.64	0.62	0.34	0.83	-0.4	0.44	0.49	0.61	0.72	0.65	0.51	0.54	0.61	0.78	0.66	0.54	0.84	0.8	-0.87	0.59		0.74
Total Current Assets	-0.35	0.98	0.89	0.48	0.87	0.52	0.67	0.91	-0.06	0.69	0.67	0.97	0.91	0.4	0.56	0.86	0.97	0.79	0.9	0.86	0.86	0.92	-0.84	0.91	0.74

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Zoetis Account Relationship Matchups

Zoetis fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.5B	13.6B	13.9B	14.9B	14.3B	10.5B
Short Long Term Debt Total	6.6B	7.4B	6.7B	8.1B	6.8B	5.1B
Other Current Liab	55M	93M	1.3B	1.4B	1.4B	1.5B
Total Current Liabilities	1.8B	2.2B	1.8B	3.2B	1.9B	1.7B
Total Stockholder Equity	2.7B	3.8B	4.5B	4.4B	5.0B	3.2B
Other Liab	917M	891M	811M	585M	672.8M	614.3M
Property Plant And Equipment Net	2.1B	2.4B	2.6B	3.0B	3.4B	2.0B
Current Deferred Revenue	950M	1.0B	6M	5M	4.5M	4.3M
Net Debt	4.7B	3.8B	3.3B	4.5B	4.8B	3.4B
Accounts Payable	301M	457M	436M	405M	411M	367.5M
Cash	1.9B	3.6B	3.5B	3.6B	2.0B	1.7B
Non Current Assets Total	6.8B	7.0B	7.0B	7.4B	7.9B	5.6B
Other Assets	160M	392M	211M	320M	368M	222.8M
Long Term Debt	5.9B	6.6B	6.6B	6.6B	6.6B	4.8B
Cash And Short Term Investments	1.9B	3.6B	3.5B	3.6B	2.0B	1.7B
Net Receivables	1.1B	1.0B	1.1B	1.2B	1.3B	1.1B
Good Will	2.6B	2.7B	2.7B	2.7B	2.8B	2.0B
Liabilities And Stockholders Equity	11.5B	13.6B	13.9B	14.9B	14.3B	10.5B
Non Current Liabilities Total	7.0B	7.7B	7.6B	7.4B	7.4B	5.6B
Inventory	1.4B	1.6B	1.9B	2.3B	2.6B	1.7B
Other Current Assets	318M	366M	389M	365M	434M	301.3M
Other Stockholder Equity	(998M)	(1.2B)	(1.9B)	(3.5B)	(4.5B)	(4.2B)
Total Liab	8.8B	9.8B	9.4B	10.5B	9.3B	7.3B
Property Plant And Equipment Gross	2.1B	2.2B	4.7B	5.3B	6.0B	6.3B
Total Current Assets	4.7B	6.6B	6.9B	7.5B	6.3B	4.9B
Accumulated Other Comprehensive Income	(726M)	(730M)	(764M)	(817M)	(839M)	(797.1M)
Short Term Debt	500M	604M	41M	1.4B	51M	48.5M
Intangible Assets	1.9B	1.7B	1.5B	1.4B	1.3B	1.4B
Property Plant Equipment	1.9B	2.2B	2.4B	2.8B	3.2B	1.8B
Retained Earnings	4.4B	5.7B	7.2B	8.7B	10.3B	10.8B
Retained Earnings Total Equity	4.4B	5.7B	7.2B	8.7B	10.0B	10.5B
Deferred Long Term Liab	434M	378M	320M	142M	163.3M	290.0M
Treasury Stock	(2.0B)	(2.2B)	(3.0B)	(4.5B)	(4.1B)	(3.9B)
Net Tangible Assets	(1.8B)	(635M)	387M	279M	320.9M	336.9M

Pair Trading with Zoetis

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 Zoetis 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 Zoetis will appreciate offsetting losses from the drop in the long position's value.

Moving against Zoetis Stock

0.48	REVBW	Revelation Biosciences	Pair Corr
0.35	MNMD	Mind Medicine Earnings Call Tomorrow	Pair Corr

The ability to find closely correlated positions to Zoetis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zoetis 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 Zoetis - 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 Zoetis Inc to buy it.

The correlation of Zoetis 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 Zoetis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zoetis Inc 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 Zoetis 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 Zoetis Stock Analysis

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

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