Codere Intangible Assets vs Net Receivables Analysis

CDRO Stock

USD 8.15 0.13 1.62%

Codere Online financial indicator trend analysis is way more than just evaluating Codere Online Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Codere Online Corp is a good investment. Please check the relationship between Codere Online Intangible Assets and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Codere Online 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 metropolitan statistical area.

Intangible Assets vs Net Receivables

Intangible Assets vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Codere Online Corp Intangible Assets account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Codere Online's Intangible Assets and Net Receivables is 0.9. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Codere Online Corp, assuming nothing else is changed. The correlation between historical values of Codere Online's Intangible Assets and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Codere Online Corp are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Intangible Assets i.e., Codere Online's Intangible Assets and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.9

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Net Receivables

Most indicators from Codere Online's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Codere Online 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Codere Online 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 metropolitan statistical area.

As of the 29th of June 2024, Tax Provision is likely to grow to about 3.6 M, while Selling General Administrative is likely to drop about 40.1 M.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	50.8M	25.7M	29.5M	41.4M
Interest Income	4.5M	25.1M	22.6M	14.7M

Depreciation And Amortization Interest Income

Codere Online fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Net Working Capital	Short Term Debt	Intangible Assets
Total Assets		-0.86	0.63	-0.45	0.96	0.55	0.68	-0.93	0.79	0.96	-0.74	-0.85	0.95	-0.58	-0.82	0.58	-0.77	0.73	0.86	-0.74	0.93	-0.81	1.0	0.97	-0.81	-0.73
Short Long Term Debt Total	-0.86		-0.86	0.67	-0.93	-0.82	-0.85	0.96	-0.8	-0.9	0.81	0.95	-0.91	0.78	0.67	-0.72	0.93	-0.79	-0.96	0.9	-0.69	0.98	-0.86	-0.9	0.98	0.87
Other Current Liab	0.63	-0.86		-0.36	0.68	0.99	0.63	-0.76	0.88	0.68	-0.77	-0.78	0.7	-0.69	-0.29	0.88	-0.81	0.83	0.93	-0.61	0.35	-0.87	0.64	0.64	-0.87	-0.9
Total Current Liabilities	-0.45	0.67	-0.36		-0.63	-0.34	-0.7	0.64	-0.17	-0.56	0.47	0.61	-0.55	0.65	0.69	-0.17	0.56	-0.3	-0.52	0.83	-0.47	0.67	-0.45	-0.62	0.67	0.47
Total Stockholder Equity	0.96	-0.93	0.68	-0.63		0.62	0.74	-0.97	0.72	0.94	-0.73	-0.93	0.94	-0.63	-0.86	0.53	-0.87	0.68	0.89	-0.86	0.91	-0.88	0.96	0.99	-0.88	-0.75
Property Plant And Equipment Net	0.55	-0.82	0.99	-0.34	0.62		0.61	-0.69	0.83	0.6	-0.7	-0.77	0.62	-0.63	-0.2	0.86	-0.81	0.77	0.88	-0.6	0.27	-0.82	0.56	0.56	-0.82	-0.84
Current Deferred Revenue	0.68	-0.85	0.63	-0.7	0.74	0.61		-0.8	0.64	0.79	-0.69	-0.78	0.79	-0.8	-0.49	0.66	-0.76	0.67	0.73	-0.9	0.5	-0.85	0.68	0.71	-0.85	-0.7
Net Debt	-0.93	0.96	-0.76	0.64	-0.97	-0.69	-0.8		-0.8	-0.98	0.87	0.89	-0.98	0.79	0.79	-0.68	0.83	-0.82	-0.94	0.84	-0.81	0.96	-0.94	-0.97	0.96	0.88
Accounts Payable	0.79	-0.8	0.88	-0.17	0.72	0.83	0.64	-0.8		0.82	-0.85	-0.71	0.84	-0.69	-0.36	0.94	-0.69	0.94	0.9	-0.52	0.51	-0.82	0.8	0.71	-0.82	-0.89
Cash	0.96	-0.9	0.68	-0.56	0.94	0.6	0.79	-0.98	0.82		-0.88	-0.82	1.0	-0.78	-0.8	0.68	-0.74	0.84	0.9	-0.77	0.84	-0.91	0.97	0.96	-0.91	-0.85
Non Current Assets Total	-0.74	0.81	-0.77	0.47	-0.73	-0.7	-0.69	0.87	-0.85	-0.88		0.61	-0.89	0.93	0.54	-0.85	0.55	-0.97	-0.88	0.57	-0.51	0.9	-0.76	-0.76	0.9	0.97
Long Term Debt	-0.85	0.95	-0.78	0.61	-0.93	-0.77	-0.78	0.89	-0.71	-0.82	0.61		-0.82	0.56	0.65	-0.57	0.99	-0.61	-0.88	0.91	-0.74	0.87	-0.84	-0.87	0.87	0.71
Cash And Short Term Investments	0.95	-0.91	0.7	-0.55	0.94	0.62	0.79	-0.98	0.84	1.0	-0.89	-0.82		-0.79	-0.77	0.71	-0.74	0.86	0.91	-0.77	0.82	-0.92	0.96	0.95	-0.92	-0.86
Net Receivables	-0.58	0.78	-0.69	0.65	-0.63	-0.63	-0.8	0.79	-0.69	-0.78	0.93	0.56	-0.79		0.47	-0.77	0.51	-0.86	-0.77	0.65	-0.35	0.88	-0.6	-0.65	0.88	0.9
Common Stock Shares Outstanding	-0.82	0.67	-0.29	0.69	-0.86	-0.2	-0.49	0.79	-0.36	-0.8	0.54	0.65	-0.77	0.47		-0.13	0.55	-0.41	-0.61	0.69	-0.92	0.64	-0.81	-0.9	0.64	0.48
Short Term Investments	0.58	-0.72	0.88	-0.17	0.53	0.86	0.66	-0.68	0.94	0.68	-0.85	-0.57	0.71	-0.77	-0.13		-0.57	0.94	0.82	-0.44	0.23	-0.79	0.59	0.51	-0.79	-0.9
Non Current Liabilities Total	-0.77	0.93	-0.81	0.56	-0.87	-0.81	-0.76	0.83	-0.69	-0.74	0.55	0.99	-0.74	0.51	0.55	-0.57		-0.57	-0.85	0.89	-0.65	0.83	-0.77	-0.79	0.83	0.67
Other Current Assets	0.73	-0.79	0.83	-0.3	0.68	0.77	0.67	-0.82	0.94	0.84	-0.97	-0.61	0.86	-0.86	-0.41	0.94	-0.57		0.88	-0.5	0.45	-0.87	0.75	0.7	-0.87	-0.97
Other Stockholder Equity	0.86	-0.96	0.93	-0.52	0.89	0.88	0.73	-0.94	0.9	0.9	-0.88	-0.88	0.91	-0.77	-0.61	0.82	-0.85	0.88		-0.75	0.65	-0.96	0.87	0.87	-0.96	-0.94
Total Liab	-0.74	0.9	-0.61	0.83	-0.86	-0.6	-0.9	0.84	-0.52	-0.77	0.57	0.91	-0.77	0.65	0.69	-0.44	0.89	-0.5	-0.75		-0.67	0.84	-0.74	-0.82	0.84	0.61
Net Invested Capital	0.93	-0.69	0.35	-0.47	0.91	0.27	0.5	-0.81	0.51	0.84	-0.51	-0.74	0.82	-0.35	-0.92	0.23	-0.65	0.45	0.65	-0.67		-0.62	0.92	0.92	-0.62	-0.47
Short Long Term Debt	-0.81	0.98	-0.87	0.67	-0.88	-0.82	-0.85	0.96	-0.82	-0.91	0.9	0.87	-0.92	0.88	0.64	-0.79	0.83	-0.87	-0.96	0.84	-0.62		-0.82	-0.87	1.0	0.94
Total Current Assets	1.0	-0.86	0.64	-0.45	0.96	0.56	0.68	-0.94	0.8	0.97	-0.76	-0.84	0.96	-0.6	-0.81	0.59	-0.77	0.75	0.87	-0.74	0.92	-0.82		0.97	-0.82	-0.74
Net Working Capital	0.97	-0.9	0.64	-0.62	0.99	0.56	0.71	-0.97	0.71	0.96	-0.76	-0.87	0.95	-0.65	-0.9	0.51	-0.79	0.7	0.87	-0.82	0.92	-0.87	0.97		-0.87	-0.75
Short Term Debt	-0.81	0.98	-0.87	0.67	-0.88	-0.82	-0.85	0.96	-0.82	-0.91	0.9	0.87	-0.92	0.88	0.64	-0.79	0.83	-0.87	-0.96	0.84	-0.62	1.0	-0.82	-0.87		0.94
Intangible Assets	-0.73	0.87	-0.9	0.47	-0.75	-0.84	-0.7	0.88	-0.89	-0.85	0.97	0.71	-0.86	0.9	0.48	-0.9	0.67	-0.97	-0.94	0.61	-0.47	0.94	-0.74	-0.75	0.94

Click cells to compare fundamentals

Codere Online Account Relationship Matchups

Codere Online fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	44.2M	18.5M	105.3M	69.3M	79.7M	60.2M
Short Long Term Debt Total	51.7M	39.2M	3.0M	5.0M	4.5M	4.2M
Other Current Liab	4.9M	4.4M	6.5M	14.7M	16.9M	17.8M
Total Current Liabilities	54.1M	37.0M	31.6M	42.8M	38.5M	33.2M
Total Stockholder Equity	(31.4M)	(40.0M)	68.0M	24.4M	28.1M	29.5M
Property Plant And Equipment Net	92K	116K	133K	971K	1.1M	1.2M
Net Debt	43.7M	28.3M	(91.9M)	(48.9M)	(44.0M)	(41.8M)
Accounts Payable	18.5M	13.0M	19.7M	23.8M	27.4M	19.1M
Cash	8.0M	10.9M	94.9M	53.8M	61.9M	37.5M
Non Current Assets Total	2.1M	1.2M	606K	983K	884.7K	1.3M
Cash And Short Term Investments	12.4M	15.7M	98.8M	60.6M	69.7M	42.4M
Net Receivables	29.5M	1.4M	5.1M	7.1M	6.4M	11.2M
Short Term Investments	4.4M	4.8M	3.9M	6.8M	7.8M	4.9M
Liabilities And Stockholders Equity	44.2M	18.5M	105.3M	69.3M	79.7M	60.2M
Other Current Assets	4.6M	5.0M	6.5M	7.4M	8.5M	5.4M
Total Liab	75.6M	58.5M	37.1M	44.8M	40.3M	43.4M
Net Invested Capital	20.2M	(799K)	71.0M	29.4M	33.8M	30.8M
Short Long Term Debt	30.2M	17.8M	3.0M	4.2M	3.8M	3.6M
Total Current Assets	42.1M	17.3M	104.7M	68.3M	78.6M	58.4M
Net Working Capital	(12.0M)	(19.7M)	73.1M	25.6M	29.4M	30.9M
Short Term Debt	30.2M	17.8M	3.0M	4.2M	3.8M	3.6M
Intangible Assets	2.0M	1.1M	469K	10K	9K	8.6K

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

Additional Information and Resources on Investing in Codere Stock

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

How To Invest In Codere

Details

Is Codere Stock a good investment?

Details

What is Codere Online's Net Worth?

Details

Largest Hotels, Restaurants & Leisure Companies

View

Largest Consumer Services Companies

View

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Codere Online 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 metropolitan statistical area.

You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

Is Hotels, Restaurants & Leisure space 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 Codere Online. If investors know Codere 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 Codere Online listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.71)

Revenue Per Share

3.083

Quarterly Revenue Growth

0.456

Return On Assets

(0.32)

Return On Equity

(0.82)

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Codere Intangible Assets vs Net Receivables Analysis

Intangible Assets vs Net Receivables

Intangible Assets vs Net Receivables Correlation Analysis

Correlation Coefficient

Intangible Assets

Net Receivables

Codere Online fundamental ratios Correlations

Codere Online Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Codere Online fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Additional Information and Resources on Investing in Codere Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Short Term Debt	+ 1.0	Short Long Term Debt
Property Plant And Equipment Net	+ 0.99	Other Current Liab
Net Working Capital	+ 0.99	Total Stockholder Equity
Non Current Liabilities Total	+ 0.99	Long Term Debt

Cash And Short Term Investments	- 0.98	Net Debt
Cash	- 0.98	Net Debt
Intangible Assets	- 0.97	Other Current Assets
Other Current Assets	- 0.97	Non Current Assets Total
Net Working Capital	- 0.97	Net Debt
Net Debt	- 0.97	Total Stockholder Equity