3M Good Will vs Accumulated Depreciation Analysis
MMM Stock | USD 96.81 1.63 1.66% |
3M financial indicator trend analysis is way more than just evaluating 3M Company prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 3M Company is a good investment. Please check the relationship between 3M Good Will and its Accumulated Depreciation accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 3M Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
Good Will vs Accumulated Depreciation
Good Will vs Accumulated Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 3M Company Good Will account and Accumulated Depreciation. At this time, the significance of the direction appears to have pay attention.
The correlation between 3M's Good Will and Accumulated Depreciation is -0.9. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Accumulated Depreciation in the same time period over historical financial statements of 3M Company, assuming nothing else is changed. The correlation between historical values of 3M's Good Will and Accumulated Depreciation 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 3M Company are associated (or correlated) with its Accumulated Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accumulated Depreciation has no effect on the direction of Good Will i.e., 3M's Good Will and Accumulated Depreciation go up and down completely randomly.
Correlation Coefficient | -0.9 |
Relationship Direction | Negative |
Relationship Strength | Significant |
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.Accumulated Depreciation
Accumulated depreciation is the total amount of depreciation for 3M Company fixed asset that has been charged to 3M expense since that asset was acquired and made available for 3M use. The accumulated depreciation account is 3M Company asset account with a credit balance. It is also known as a contra asset account and appears on the balance sheet as a reduction from the gross amount of fixed assets reported by 3M Company.Most indicators from 3M's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 3M Company 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 3M Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. At this time, 3M's Selling General Administrative is very stable compared to the past year. As of the 3rd of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.69, while Issuance Of Capital Stock is likely to drop about 567.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 16.6B | 15.0B | 14.2B | 11.0B | Total Revenue | 35.4B | 34.2B | 32.7B | 23.6B |
3M fundamental ratios Correlations
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3M Account Relationship Matchups
High Positive Relationship
High Negative Relationship
3M fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 44.7B | 47.3B | 47.1B | 46.5B | 50.6B | 25.6B | |
Short Long Term Debt Total | 20.6B | 19.1B | 17.6B | 16.2B | 16.9B | 17.7B | |
Other Current Liab | 3.5B | 3.8B | 3.9B | 3.6B | 8.3B | 8.7B | |
Total Current Liabilities | 9.2B | 7.9B | 9.0B | 9.5B | 15.3B | 16.1B | |
Total Stockholder Equity | 10.1B | 12.9B | 15.1B | 14.8B | 4.8B | 4.6B | |
Property Plant And Equipment Net | 10.2B | 10.3B | 10.3B | 10.0B | 9.9B | 7.1B | |
Net Debt | 18.2B | 14.4B | 13.1B | 12.5B | 10.9B | 11.5B | |
Retained Earnings | 42.1B | 43.8B | 45.8B | 48.0B | 37.5B | 22.7B | |
Cash | 2.4B | 4.6B | 4.6B | 3.7B | 5.9B | 6.2B | |
Non Current Assets Total | 31.7B | 32.4B | 31.7B | 31.8B | 34.2B | 35.9B | |
Non Currrent Assets Other | 957M | 1.4B | 1.8B | 2.3B | 2.0B | 1.3B | |
Cash And Short Term Investments | 2.5B | 5.0B | 4.8B | 3.9B | 6.0B | 6.3B | |
Net Receivables | 4.8B | 4.7B | 4.7B | 4.5B | 4.9B | 3.6B | |
Common Stock Shares Outstanding | 585.1M | 582.2M | 585.3M | 567.6M | 553.9M | 606.9M | |
Liabilities And Stockholders Equity | 44.7B | 47.3B | 47.1B | 46.5B | 50.6B | 25.6B | |
Non Current Liabilities Total | 25.3B | 26.5B | 22.9B | 22.2B | 30.4B | 31.9B | |
Inventory | 4.1B | 4.2B | 5.0B | 5.4B | 4.8B | 3.2B | |
Other Current Assets | 891M | 325M | 339M | 456M | 149M | 141.6M | |
Other Stockholder Equity | (23.9B) | (23.2B) | (24.0B) | (26.5B) | (25.9B) | (24.6B) | |
Total Liab | 34.5B | 34.4B | 32.0B | 31.7B | 45.7B | 48.0B | |
Total Current Assets | 13.0B | 15.0B | 15.4B | 14.7B | 16.4B | 10.0B | |
Short Term Debt | 3.0B | 1.1B | 1.6B | 2.2B | 3.2B | 3.3B | |
Accounts Payable | 2.2B | 2.6B | 3.0B | 3.2B | 3.2B | 1.6B | |
Property Plant And Equipment Gross | 10.2B | 10.3B | 10.3B | 26.0B | 27.6B | 29.0B | |
Accumulated Other Comprehensive Income | (8.1B) | (7.7B) | (6.8B) | (6.7B) | (6.8B) | (6.4B) | |
Current Deferred Revenue | 430M | 498M | 529M | 538M | 572M | 367.8M | |
Short Term Investments | 98M | 404M | 201M | 238M | 53M | 50.4M | |
Intangible Assets | 6.4B | 5.8B | 5.3B | 4.7B | 4.2B | 2.5B | |
Other Liab | 7.1B | 8.5B | 6.9B | 7.5B | 8.6B | 4.8B | |
Long Term Debt | 17.5B | 18.0B | 16.1B | 14.0B | 13.1B | 7.9B | |
Treasury Stock | (29.6B) | (29.8B) | (29.4B) | (30.5B) | (27.4B) | (26.0B) | |
Property Plant Equipment | 9.3B | 9.4B | 10.3B | 10.0B | 11.5B | 8.3B | |
Good Will | 13.4B | 13.8B | 13.5B | 12.8B | 12.9B | 8.3B | |
Net Tangible Assets | (9.8B) | (6.8B) | (3.7B) | (2.8B) | (2.5B) | (2.4B) | |
Noncontrolling Interest In Consolidated Entity | 63M | 64M | 71M | 48M | 43.2M | 41.0M | |
Retained Earnings Total Equity | 42.1B | 43.8B | 45.8B | 48.0B | 55.1B | 40.0B | |
Capital Surpluse | 5.9B | 6.2B | 6.4B | 6.7B | 7.7B | 5.4B |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 3M Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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Is 3M'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 3M. If investors know 3M 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 3M 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 (0.05) | Dividend Share 6.01 | Earnings Share (12.73) | Revenue Per Share 58.89 | Quarterly Revenue Growth (0) |
The market value of 3M Company is measured differently than its book value, which is the value of 3M that is recorded on the company's balance sheet. Investors also form their own opinion of 3M's value that differs from its market value or its book value, called intrinsic value, which is 3M'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 3M's market value can be influenced by many factors that don't directly affect 3M'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 3M's value and its price as these two are different measures arrived at by different means. Investors typically determine if 3M is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 3M'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.