Perrigo Total Current Assets vs Common Stock Analysis
PRGO Stock | USD 31.94 0.67 2.14% |
Perrigo Company financial indicator trend analysis is much more than just breaking down Perrigo Company prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Perrigo Company is a good investment. Please check the relationship between Perrigo Company Total Current Assets and its Common Stock accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Perrigo Company PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Total Current Assets vs Common Stock
Total Current Assets vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Perrigo Company Total Current Assets account and Common Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between Perrigo Company's Total Current Assets and Common Stock is 0.79. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Common Stock in the same time period over historical financial statements of Perrigo Company PLC, assuming nothing else is changed. The correlation between historical values of Perrigo Company's Total Current Assets and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Perrigo Company PLC are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Total Current Assets i.e., Perrigo Company's Total Current Assets and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.79 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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.Common Stock
Most indicators from Perrigo Company's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Perrigo 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Perrigo Company PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. At this time, Perrigo Company's Tax Provision is very stable compared to the past year. As of the 27th of April 2024, Enterprise Value Over EBITDA is likely to grow to 13.54, while Selling General Administrative is likely to drop about 388.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.4B | 1.5B | 1.7B | 921.9M | Total Revenue | 4.1B | 4.5B | 4.7B | 2.7B |
Perrigo Company fundamental ratios Correlations
Click cells to compare fundamentals
Perrigo Company Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Perrigo Company fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 11.3B | 11.5B | 10.4B | 11.0B | 10.8B | 5.7B | |
Short Long Term Debt Total | 3.4B | 3.6B | 3.5B | 4.1B | 4.1B | 4.3B | |
Other Current Liab | 812.2M | 800.4M | 32.9M | 533M | 1.1B | 1.2B | |
Total Current Liabilities | 1.3B | 1.4B | 1.6B | 1.1B | 1.6B | 1.7B | |
Total Stockholder Equity | 5.8B | 5.7B | 5.2B | 4.8B | 4.8B | 2.9B | |
Property Plant And Equipment Net | 1.0B | 1.2B | 1.0B | 1.1B | 1.1B | 560.8M | |
Net Debt | 3.0B | 2.9B | 1.7B | 3.5B | 3.3B | 3.5B | |
Accounts Payable | 520.2M | 543.8M | 411.2M | 537.3M | 477.7M | 303.4M | |
Cash | 354.3M | 641.5M | 1.9B | 600.7M | 751.3M | 377.1M | |
Non Current Assets Total | 8.5B | 8.4B | 6.6B | 8.3B | 8.0B | 4.2B | |
Non Currrent Assets Other | 379.6M | 292M | 308M | 158.3M | 242.9M | 190.3M | |
Cash And Short Term Investments | 354.3M | 641.5M | 1.9B | 600.7M | 751.3M | 384.3M | |
Net Receivables | 1.2B | 1.1B | 652.9M | 697.1M | 739.6M | 520.0M | |
Common Stock Shares Outstanding | 136.5M | 136.1M | 133.6M | 134.5M | 135.3M | 109.0M | |
Liabilities And Stockholders Equity | 11.3B | 11.5B | 10.4B | 11.0B | 10.8B | 5.7B | |
Non Current Liabilities Total | 4.2B | 4.5B | 3.7B | 5.1B | 4.5B | 4.7B | |
Inventory | 967.3M | 1.2B | 1.0B | 1.2B | 1.1B | 1.2B | |
Other Current Assets | 192.1M | 237.6M | 321.9M | 271.8M | 201.1M | 109.6M | |
Other Stockholder Equity | 400K | 395M | 7.0B | 6.9B | (135.5M) | (128.7M) | |
Total Liab | 5.5B | 5.8B | 5.3B | 6.2B | 6.0B | 6.3B | |
Total Current Assets | 2.8B | 3.1B | 3.9B | 2.7B | 2.8B | 1.6B | |
Short Term Debt | 3.4M | 37.8M | 603.8M | 36.2M | 440.6M | 462.6M | |
Retained Earnings | (1.7B) | (1.9B) | (1.9B) | (2.1B) | (2.1B) | (2.0B) | |
Intangible Assets | 2.9B | 3.0B | 2.1B | 3.2B | 3.0B | 1.8B | |
Short Term Investments | 6.6M | 2.5M | 400K | 100K | 90K | 85.5K | |
Accumulated Other Comprehensive Income | 139.4M | 395M | 35.5M | (27M) | 10.7M | 10.2M | |
Common Stock | 7.4B | 7.1B | 7.0B | 6.9B | 6.8B | 3.6B | |
Other Assets | 357.4M | 3.6B | 384M | 240.2M | 276.2M | 524.2M | |
Good Will | 4.2B | 3.8B | 3.0B | 3.5B | 3.5B | 2.1B | |
Property Plant Equipment | 902.8M | 996M | 1.0B | 1.2B | 1.3B | 1.4B | |
Other Liab | 694M | 923M | 769.4M | 801.7M | 922.0M | 968.1M | |
Common Stock Total Equity | 7.4B | 7.4B | 7.1B | 7.0B | 8.1B | 5.8B | |
Long Term Debt | 3.4B | 3.5B | 2.9B | 4.1B | 3.6B | 2.8B | |
Net Tangible Assets | 2.9B | 2.7B | 900K | (1.9B) | (1.7B) | (1.7B) | |
Deferred Long Term Liab | 282.3M | 280.6M | 279.3M | 239.3M | 215.4M | 204.6M | |
Short Long Term Debt | 3.4M | 37.8M | 603.8M | 36.2M | 440.6M | 428.7M |
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Perrigo Company using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Perrigo Company PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Perrigo Company information on this page should be used as a complementary analysis to other Perrigo Company'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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Perrigo Stock analysis
When running Perrigo Company's price analysis, check to measure Perrigo Company'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 Perrigo Company is operating at the current time. Most of Perrigo Company's value examination focuses on studying past and present price action to predict the probability of Perrigo Company's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Perrigo Company's price. Additionally, you may evaluate how the addition of Perrigo Company to your portfolios can decrease your overall portfolio volatility.
Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
Share Portfolio Track or share privately all of your investments from the convenience of any device | |
Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
FinTech Suite Use AI to screen and filter profitable investment opportunities | |
Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges |
Is Perrigo Company'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 Perrigo Company. If investors know Perrigo 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 Perrigo Company 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 (0.64) | Dividend Share 1.092 | Earnings Share (0.03) | Revenue Per Share 34.409 | Quarterly Revenue Growth 0.001 |
The market value of Perrigo Company is measured differently than its book value, which is the value of Perrigo that is recorded on the company's balance sheet. Investors also form their own opinion of Perrigo Company's value that differs from its market value or its book value, called intrinsic value, which is Perrigo Company'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 Perrigo Company's market value can be influenced by many factors that don't directly affect Perrigo Company'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 Perrigo Company's value and its price as these two are different measures arrived at by different means. Investors typically determine if Perrigo Company is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Perrigo Company'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.