IDEXX Non Currrent Assets Other vs Current Deferred Revenue Analysis

0J8P Stock   434.17  3.78  0.86%   
IDEXX Laboratories financial indicator trend analysis is infinitely more than just investigating IDEXX Laboratories recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IDEXX Laboratories is a good investment. Please check the relationship between IDEXX Laboratories Non Currrent Assets Other and its Current Deferred Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in IDEXX Laboratories. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy IDEXX Stock please use our How to Invest in IDEXX Laboratories guide.

Non Currrent Assets Other vs Current Deferred Revenue

Non Currrent Assets Other vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of IDEXX Laboratories Non Currrent Assets Other account and Current Deferred Revenue. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between IDEXX Laboratories' Non Currrent Assets Other and Current Deferred Revenue is 0.57. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of IDEXX Laboratories, assuming nothing else is changed. The correlation between historical values of IDEXX Laboratories' Non Currrent Assets Other and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of IDEXX Laboratories are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Non Currrent Assets Other i.e., IDEXX Laboratories' Non Currrent Assets Other and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.57
Relationship DirectionPositive 
Relationship StrengthWeak

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Most indicators from IDEXX Laboratories' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IDEXX Laboratories 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 IDEXX Laboratories. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy IDEXX Stock please use our How to Invest in IDEXX Laboratories guide.Selling General Administrative is likely to drop to about 187 M in 2024. Tax Provision is likely to drop to about 109.4 M in 2024
 2021 2022 2023 2024 (projected)
Total Revenue3.2B3.4B3.7B3.8B
Depreciation And Amortization104.6M111.9M114.9M120.7M

IDEXX Laboratories fundamental ratios Correlations

0.950.750.730.990.490.910.950.630.980.760.480.98-0.320.970.47-0.920.820.960.770.680.690.140.540.880.6
0.950.710.590.950.570.820.970.460.960.850.330.96-0.410.90.46-0.860.860.870.880.690.710.10.590.870.75
0.750.710.190.720.860.520.770.270.690.430.480.69-0.280.760.78-0.650.920.780.730.550.940.750.670.770.56
0.730.590.190.71-0.220.890.590.750.720.60.330.730.050.74-0.01-0.750.20.690.190.570.03-0.370.140.510.09
0.990.950.720.710.490.90.950.590.990.780.410.98-0.370.960.41-0.910.810.930.790.630.680.090.510.880.65
0.490.570.86-0.220.490.170.61-0.140.470.310.220.48-0.540.480.65-0.350.890.480.790.260.950.740.510.550.64
0.910.820.520.890.90.170.840.670.920.760.30.92-0.190.930.27-0.970.550.830.50.720.38-0.080.330.70.42
0.950.970.770.590.950.610.840.40.970.820.30.97-0.430.930.46-0.890.860.870.830.710.730.180.530.850.69
0.630.460.270.750.59-0.140.670.40.520.250.760.530.180.560.3-0.550.270.730.230.320.19-0.140.320.550.14
0.980.960.690.720.990.470.920.970.520.840.311.0-0.370.960.39-0.940.790.890.780.710.640.060.50.850.65
0.760.850.430.60.780.310.760.820.250.84-0.030.84-0.320.750.12-0.770.580.60.640.670.39-0.140.360.660.57
0.480.330.480.330.410.220.30.30.760.31-0.030.330.080.390.5-0.230.410.70.310.090.470.30.390.50.04
0.980.960.690.730.980.480.920.970.531.00.840.33-0.410.960.37-0.930.80.90.780.680.650.060.470.840.63
-0.32-0.41-0.280.05-0.37-0.54-0.19-0.430.18-0.37-0.320.08-0.41-0.27-0.050.3-0.5-0.22-0.630.11-0.48-0.040.2-0.11-0.55
0.970.90.760.740.960.480.930.930.560.960.750.390.96-0.270.46-0.930.770.920.680.750.660.20.50.820.52
0.470.460.78-0.010.410.650.270.460.30.390.120.50.37-0.050.46-0.430.690.560.520.560.740.740.760.560.52
-0.92-0.86-0.65-0.75-0.91-0.35-0.97-0.89-0.55-0.94-0.77-0.23-0.930.3-0.93-0.43-0.68-0.82-0.62-0.76-0.53-0.09-0.42-0.74-0.58
0.820.860.920.20.810.890.550.860.270.790.580.410.8-0.50.770.69-0.680.80.940.50.970.520.650.830.78
0.960.870.780.690.930.480.830.870.730.890.60.70.9-0.220.920.56-0.820.80.710.60.720.250.560.860.48
0.770.880.730.190.790.790.50.830.230.780.640.310.78-0.630.680.52-0.620.940.710.390.860.260.550.770.87
0.680.690.550.570.630.260.720.710.320.710.670.090.680.110.750.56-0.760.50.60.390.360.190.640.620.41
0.690.710.940.030.680.950.380.730.190.640.390.470.65-0.480.660.74-0.530.970.720.860.360.690.610.730.68
0.140.10.75-0.370.090.74-0.080.18-0.140.06-0.140.30.06-0.040.20.74-0.090.520.250.260.190.690.480.280.19
0.540.590.670.140.510.510.330.530.320.50.360.390.470.20.50.76-0.420.650.560.550.640.610.480.80.61
0.880.870.770.510.880.550.70.850.550.850.660.50.84-0.110.820.56-0.740.830.860.770.620.730.280.80.68
0.60.750.560.090.650.640.420.690.140.650.570.040.63-0.550.520.52-0.580.780.480.870.410.680.190.610.68
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IDEXX Laboratories Account Relationship Matchups

IDEXX Laboratories fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.8B2.3B2.4B2.7B3.3B3.4B
Other Current Liab276.5M355.2M396.4M364.7M372.4M391.0M
Total Current Liabilities725.3M582.8M763.6M1.2B951.5M999.1M
Total Stockholder Equity177.5M632.1M690.0M608.7M1.5B1.6B
Property Plant And Equipment Net533.8M555.2M587.7M649.5M817.7M858.6M
Net Debt897.3M524.6M779.2M1.2B613.4M644.1M
Retained Earnings1.6B2.2B2.9B3.6B4.4B4.7B
Accounts Payable72.2M74.6M116.1M110.2M110.6M116.2M
Cash90.3M383.9M144.5M112.5M453.9M476.6M
Non Current Assets Total1.2B1.2B1.5B1.6B1.8B1.9B
Non Currrent Assets Other299.0M337.2M397.4M425.6M333.0M349.6M
Cash And Short Term Investments90.3M383.9M144.5M112.5M453.9M476.6M
Net Receivables307.5M374.7M425.6M490.9M529.5M556.0M
Common Stock Shares Outstanding87.5M86.7M86.6M84.6M84.0M94.9M
Liabilities And Stockholders Equity1.8B2.3B2.4B2.7B3.3B3.4B
Inventory195.0M209.9M269.0M367.8M380.3M399.3M
Other Current Assets86.8M94.2M116.6M130.2M131.5M75.1M
Other Stockholder Equity(1.4B)(1.5B)(2.2B)(2.9B)(2.9B)(2.8B)
Total Liab1.7B1.7B1.7B2.1B1.8B1.9B
Total Current Assets679.6M1.1B955.7M1.1B1.5B1.6B
Non Current Liabilities Total929.3M1.1B983.6M902.2M823.8M865.0M
Intangible Assets58.5M52.5M99.0M97.7M84.5M66.7M
Short Long Term Debt Total987.7M908.5M923.7M1.3B1.1B1.1B
Short Term Debt304.0M67.7M168.4M674.4M344.8M212.2M
Accumulated Other Comprehensive Income(46.2M)(53.6M)(53.5M)(77.8M)(71.2M)(67.6M)
Common Stock10.6M10.6M10.7M10.7M10.8M9.2M
Current Deferred Revenue41.5M42.6M40.0M37.9M37.2M25.0M
Good Will239.7M243.3M359.3M361.8M366.0M218.6M
Other Assets240.2M289.6M325.2M1.01.151.09
Other Liab162.9M143.5M121.0M106.6M95.9M115.4M
Net Tangible Assets(120.7M)336.2M231.6M149.3M171.7M180.2M
Long Term Debt499.6M599.5M858.5M775.2M891.5M711.1M
Deferred Long Term Liab108.6M116.1M122.4M119.9M137.9M115.7M
Property Plant Equipment614.5M646.3M692.8M768.1M883.3M648.6M

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