Intertek Inventory vs Total Current Assets Analysis

ITRK Stock

4,626 8.00 0.17%

Intertek Group financial indicator trend analysis is infinitely more than just investigating Intertek Group PLC recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Intertek Group PLC is a good investment. Please check the relationship between Intertek Group Inventory and its Total Current Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Intertek Group PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Inventory vs Total Current Assets

Inventory vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Intertek Group PLC Inventory account and Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Intertek Group's Inventory and Total Current Assets is 0.89. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Intertek Group PLC, assuming nothing else is changed. The correlation between historical values of Intertek Group's Inventory and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Intertek Group PLC are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Inventory i.e., Intertek Group's Inventory and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Inventory

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from Intertek Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Intertek Group PLC 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Intertek Group PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Selling General Administrative is likely to drop to about 2.9 M in 2025. Tax Provision is likely to drop to about 110.1 M in 2025

	2022	2023	2024	2025 (projected)
Interest Expense	42.8M	44.4M	43.4M	28.9M
Depreciation And Amortization	215.3M	209.5M	194M	100.3M

Interest Expense Depreciation And Amortization

Intertek Group 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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock
Total Assets		0.79	0.91	0.95	0.97	0.84	0.73	0.96	0.9	0.96	0.99	-0.24	0.96	0.76	-0.64	0.63	0.78	0.61	-0.16	0.43	0.83	0.88	0.82	0.6	0.55	-0.64
Short Long Term Debt Total	0.79		0.57	0.83	0.69	0.91	0.99	0.65	0.63	0.73	0.79	-0.33	0.73	0.81	-0.59	0.14	0.92	0.71	-0.08	0.41	0.98	0.67	0.91	0.8	0.69	-0.59
Other Current Liab	0.91	0.57		0.81	0.91	0.67	0.48	0.92	0.88	0.9	0.88	0.0	0.9	0.62	-0.61	0.71	0.64	0.54	-0.14	0.37	0.66	0.82	0.7	0.3	0.21	-0.61
Total Current Liabilities	0.95	0.83	0.81		0.88	0.85	0.78	0.88	0.89	0.91	0.95	-0.28	0.91	0.75	-0.5	0.49	0.7	0.55	-0.29	0.35	0.85	0.89	0.78	0.79	0.69	-0.5
Total Stockholder Equity	0.97	0.69	0.91	0.88		0.79	0.62	0.99	0.87	0.92	0.97	-0.22	0.92	0.72	-0.64	0.66	0.72	0.55	-0.14	0.43	0.75	0.85	0.76	0.48	0.47	-0.64
Property Plant And Equipment Net	0.84	0.91	0.67	0.85	0.79		0.87	0.76	0.75	0.74	0.83	-0.48	0.74	0.9	-0.58	0.19	0.88	0.77	-0.28	0.4	0.96	0.68	0.94	0.72	0.69	-0.58
Net Debt	0.73	0.99	0.48	0.78	0.62	0.87		0.57	0.55	0.64	0.73	-0.33	0.64	0.77	-0.57	0.11	0.86	0.7	-0.1	0.41	0.94	0.6	0.87	0.82	0.71	-0.57
Retained Earnings	0.96	0.65	0.92	0.88	0.99	0.76	0.57		0.89	0.93	0.97	-0.19	0.93	0.66	-0.54	0.64	0.68	0.47	-0.22	0.33	0.72	0.89	0.71	0.48	0.45	-0.54
Accounts Payable	0.9	0.63	0.88	0.89	0.87	0.75	0.55	0.89		0.91	0.89	-0.24	0.91	0.7	-0.38	0.54	0.62	0.52	-0.38	0.18	0.71	0.85	0.7	0.51	0.43	-0.38
Cash	0.96	0.73	0.9	0.91	0.92	0.74	0.64	0.93	0.91		0.96	-0.19	1.0	0.64	-0.53	0.62	0.75	0.48	-0.06	0.34	0.76	0.91	0.73	0.54	0.48	-0.53
Non Current Assets Total	0.99	0.79	0.88	0.95	0.97	0.83	0.73	0.97	0.89	0.96		-0.26	0.96	0.72	-0.58	0.59	0.77	0.53	-0.18	0.37	0.83	0.91	0.79	0.62	0.58	-0.58
Non Currrent Assets Other	-0.24	-0.33	0.0	-0.28	-0.22	-0.48	-0.33	-0.19	-0.24	-0.19	-0.26		-0.19	-0.42	0.12	0.05	-0.34	-0.27	0.27	-0.18	-0.34	-0.05	-0.31	-0.33	-0.7	0.12
Cash And Short Term Investments	0.96	0.73	0.9	0.91	0.92	0.74	0.64	0.93	0.91	1.0	0.96	-0.19		0.64	-0.53	0.62	0.75	0.48	-0.06	0.34	0.76	0.91	0.73	0.54	0.48	-0.53
Net Receivables	0.76	0.81	0.62	0.75	0.72	0.9	0.77	0.66	0.7	0.64	0.72	-0.42	0.64		-0.67	0.25	0.78	0.86	-0.2	0.55	0.88	0.5	0.94	0.59	0.58	-0.67
Common Stock Total Equity	-0.64	-0.59	-0.61	-0.5	-0.64	-0.58	-0.57	-0.54	-0.38	-0.53	-0.58	0.12	-0.53	-0.67		-0.62	-0.62	-0.78	-0.33	-0.89	-0.61	-0.29	-0.74	-0.25	-0.23	1.0
Common Stock Shares Outstanding	0.63	0.14	0.71	0.49	0.66	0.19	0.11	0.64	0.54	0.62	0.59	0.05	0.62	0.25	-0.62		0.18	0.27	0.17	0.54	0.17	0.45	0.26	0.03	0.03	-0.62
Non Current Liabilities Total	0.78	0.92	0.64	0.7	0.72	0.88	0.86	0.68	0.62	0.75	0.77	-0.34	0.75	0.78	-0.62	0.18		0.7	0.06	0.38	0.93	0.63	0.91	0.52	0.51	-0.62
Inventory	0.61	0.71	0.54	0.55	0.55	0.77	0.7	0.47	0.52	0.48	0.53	-0.27	0.48	0.86	-0.78	0.27	0.7		-0.05	0.67	0.77	0.27	0.89	0.39	0.29	-0.78
Other Current Assets	-0.16	-0.08	-0.14	-0.29	-0.14	-0.28	-0.1	-0.22	-0.38	-0.06	-0.18	0.27	-0.06	-0.2	-0.33	0.17	0.06	-0.05		0.34	-0.15	-0.25	-0.08	-0.29	-0.26	-0.33
Other Stockholder Equity	0.43	0.41	0.37	0.35	0.43	0.4	0.41	0.33	0.18	0.34	0.37	-0.18	0.34	0.55	-0.89	0.54	0.38	0.67	0.34		0.41	0.07	0.56	0.21	0.26	-0.89
Total Liab	0.83	0.98	0.66	0.85	0.75	0.96	0.94	0.72	0.71	0.76	0.83	-0.34	0.76	0.88	-0.61	0.17	0.93	0.77	-0.15	0.41		0.7	0.96	0.74	0.66	-0.61
Property Plant And Equipment Gross	0.88	0.67	0.82	0.89	0.85	0.68	0.6	0.89	0.85	0.91	0.91	-0.05	0.91	0.5	-0.29	0.45	0.63	0.27	-0.25	0.07	0.7		0.59	0.6	0.49	-0.29
Total Current Assets	0.82	0.91	0.7	0.78	0.76	0.94	0.87	0.71	0.7	0.73	0.79	-0.31	0.73	0.94	-0.74	0.26	0.91	0.89	-0.08	0.56	0.96	0.59		0.59	0.52	-0.74
Short Term Debt	0.6	0.8	0.3	0.79	0.48	0.72	0.82	0.48	0.51	0.54	0.62	-0.33	0.54	0.59	-0.25	0.03	0.52	0.39	-0.29	0.21	0.74	0.6	0.59		0.84	-0.25
Intangible Assets	0.55	0.69	0.21	0.69	0.47	0.69	0.71	0.45	0.43	0.48	0.58	-0.7	0.48	0.58	-0.23	0.03	0.51	0.29	-0.26	0.26	0.66	0.49	0.52	0.84		-0.23
Common Stock	-0.64	-0.59	-0.61	-0.5	-0.64	-0.58	-0.57	-0.54	-0.38	-0.53	-0.58	0.12	-0.53	-0.67	1.0	-0.62	-0.62	-0.78	-0.33	-0.89	-0.61	-0.29	-0.74	-0.25	-0.23

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Intertek Group Account Relationship Matchups

Intertek Group fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	2.6B	3.2B	3.7B	3.5B	3.6B	3.8B
Short Long Term Debt Total	848M	1.3B	1.4B	1.2B	1.1B	709.5M
Other Current Liab	413.6M	392.8M	410.1M	549.5M	588.5M	617.9M
Total Current Liabilities	751.2M	1.3B	1.1B	981.5M	1.1B	1.1B
Total Stockholder Equity	975M	1.1B	1.3B	1.3B	1.4B	1.5B
Property Plant And Equipment Net	585.8M	641.8M	694.4M	669.6M	692.8M	355.1M
Net Debt	644.1M	1.0B	1.1B	918.4M	799.4M	548.8M
Retained Earnings	796.4M	925.1M	1.1B	1.2B	1.3B	1.4B
Accounts Payable	142M	153.4M	172.1M	204.8M	223M	234.2M
Cash	203.9M	265.9M	321.6M	299.3M	343M	360.2M
Non Current Assets Total	1.8B	2.3B	2.6B	2.5B	2.4B	2.6B
Non Currrent Assets Other	(1.7B)	5.4M	(1.4B)	21.8M	27.2M	28.6M
Cash And Short Term Investments	203.9M	265.9M	321.6M	299.3M	343M	360.2M
Net Receivables	606.9M	637.5M	710.9M	619.9M	694.5M	395.3M
Liabilities And Stockholders Equity	2.6B	3.2B	3.7B	3.5B	3.6B	3.8B
Non Current Liabilities Total	860.9M	869.8M	1.2B	1.2B	1.1B	652.8M
Inventory	15.5M	14.9M	16.9M	17.2M	19M	11.5M
Other Current Assets	38.8M	123.5M	138.7M	135.2M	102.8M	139.3M
Total Liab	1.6B	2.1B	2.3B	2.2B	2.2B	1.2B
Property Plant And Equipment Gross	585.8M	1.8B	1.9B	1.9B	2.0B	2.1B
Total Current Assets	865.1M	963.3M	1.1B	1.1B	1.2B	636.2M
Accumulated Other Comprehensive Income	(80.8M)	(102.5M)	(41.3M)	(133.8M)	(191.2M)	(181.6M)
Short Term Debt	92.4M	525.5M	333M	166.7M	171.4M	103.8M
Intangible Assets	1.1B	1.6B	1.8B	330.9M	304.2M	345.0M
Other Liab	130.9M	105.3M	103.8M	150.6M	173.2M	181.8M
Long Term Debt	592.8M	537.2M	797.1M	812.4M	741.5M	570.3M
Good Will	835.9M	1.2B	1.4B	1.4B	1.4B	1.4B
Property Plant Equipment	644.2M	585.8M	641.8M	694.4M	798.6M	838.5M
Current Deferred Revenue	103.2M	134.8M	156.8M	148.5M	170.8M	179.3M
Other Assets	51.9M	48.6M	1.0	87.8M	1.15	1.09
Net Tangible Assets	(206.3M)	(140.6M)	(517.9M)	(497.3M)	(447.6M)	(425.2M)
Short Long Term Debt	31M	462M	262.4M	96.8M	101.3M	162.2M
Net Invested Capital	1.6B	2.1B	2.3B	2.2B	2.2B	2.1B
Net Working Capital	113.9M	(302.3M)	(46.2M)	90.1M	109.2M	114.7M
Capital Lease Obligations	(224.2M)	292.3M	322.2M	307.8M	299.6M	228.0M

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Intertek Inventory vs Total Current Assets Analysis

Inventory vs Total Current Assets

Inventory vs Total Current Assets Correlation Analysis

Correlation Coefficient

Inventory

Total Current Assets

Intertek Group fundamental ratios Correlations

Intertek Group Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Intertek Group fundamental ratios Accounts

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Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Non Current Assets Total	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Retained Earnings	+ 0.99	Total Stockholder Equity
Total Liab	+ 0.98	Short Long Term Debt Total

Common Stock	- 0.89	Other Stockholder Equity
Other Stockholder Equity	- 0.89	Common Stock Total Equity
Common Stock	- 0.78	Inventory
Inventory	- 0.78	Common Stock Total Equity
Common Stock	- 0.74	Total Current Assets
Total Current Assets	- 0.74	Common Stock Total Equity