Amazon Intangible Assets vs Good Will Analysis

0R1O Stock   225.50  5.00  2.17%   
Amazon financial indicator trend analysis is way more than just evaluating Amazon Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Amazon Inc is a good investment. Please check the relationship between Amazon Intangible Assets and its Good Will accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amazon Inc. 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.

Intangible Assets vs Good Will

Intangible Assets vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Amazon Inc Intangible Assets account and Good Will. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Amazon's Intangible Assets and Good Will is 0.96. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Good Will in the same time period over historical financial statements of Amazon Inc, assuming nothing else is changed. The correlation between historical values of Amazon's Intangible Assets and Good Will 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 Amazon Inc are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Intangible Assets i.e., Amazon's Intangible Assets and Good Will go up and down completely randomly.

Correlation Coefficient

0.96
Relationship DirectionPositive 
Relationship StrengthVery Strong

Intangible Assets

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

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.
Most indicators from Amazon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Amazon Inc 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 Amazon Inc. 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.
Tax Provision is likely to drop to about 2.8 B in 2024. Selling General Administrative is likely to drop to about 79 B in 2024
 2018 2019 2023 2024 (projected)
EBIT12.4B14.4B16.6B9.7B
Other Operating Expenses296M338M388.7M279.1M

Amazon fundamental ratios Correlations

0.950.850.970.841.00.240.960.94-0.170.95-0.330.850.910.840.910.960.760.930.90.80.92-0.940.910.50.94
0.950.740.940.910.940.060.990.99-0.251.0-0.340.920.990.950.990.920.910.990.910.890.99-0.880.990.530.98
0.850.740.770.680.860.250.770.74-0.170.74-0.310.690.670.610.680.860.510.70.770.590.69-0.910.670.380.78
0.970.940.770.80.950.260.940.91-0.210.94-0.210.810.910.830.910.940.760.930.850.760.92-0.910.910.420.91
0.840.910.680.80.83-0.160.910.91-0.440.91-0.661.00.920.910.920.860.860.920.930.990.93-0.860.920.650.94
1.00.940.860.950.830.250.950.93-0.140.94-0.320.850.890.820.890.950.750.910.890.790.9-0.930.890.490.92
0.240.060.250.26-0.160.25-0.01-0.060.780.020.29-0.13-0.07-0.23-0.090.31-0.330.01-0.05-0.19-0.08-0.23-0.06-0.290.03
0.960.990.770.940.910.95-0.011.0-0.341.0-0.340.910.990.960.990.90.910.980.910.880.99-0.890.980.540.97
0.940.990.740.910.910.93-0.061.0-0.350.99-0.360.910.990.970.990.870.940.980.910.890.99-0.860.980.560.97
-0.17-0.25-0.17-0.21-0.44-0.140.78-0.34-0.35-0.290.35-0.41-0.36-0.44-0.39-0.13-0.48-0.29-0.37-0.42-0.380.25-0.34-0.33-0.29
0.951.00.740.940.910.940.021.00.99-0.29-0.340.920.990.960.990.910.920.990.910.890.99-0.880.990.540.98
-0.33-0.34-0.31-0.21-0.66-0.320.29-0.34-0.360.35-0.34-0.66-0.36-0.4-0.35-0.43-0.35-0.37-0.64-0.66-0.380.43-0.37-0.8-0.47
0.850.920.690.811.00.85-0.130.910.91-0.410.92-0.660.920.90.920.870.850.930.930.990.93-0.870.920.650.94
0.910.990.670.910.920.89-0.070.990.99-0.360.99-0.360.920.981.00.870.951.00.90.921.0-0.841.00.560.97
0.840.950.610.830.910.82-0.230.960.97-0.440.96-0.40.90.980.980.780.990.960.890.910.98-0.750.980.640.94
0.910.990.680.910.920.89-0.090.990.99-0.390.99-0.350.921.00.980.860.960.990.90.911.0-0.831.00.560.97
0.960.920.860.940.860.950.310.90.87-0.130.91-0.430.870.870.780.860.690.90.90.820.88-0.980.870.50.94
0.760.910.510.760.860.75-0.330.910.94-0.480.92-0.350.850.950.990.960.690.920.830.870.95-0.660.950.60.89
0.930.990.70.930.920.910.010.980.98-0.290.99-0.370.931.00.960.990.90.920.910.920.99-0.871.00.550.98
0.90.910.770.850.930.89-0.050.910.91-0.370.91-0.640.930.90.890.90.90.830.910.90.92-0.880.90.80.96
0.80.890.590.760.990.79-0.190.880.89-0.420.89-0.660.990.920.910.910.820.870.920.90.92-0.810.920.660.92
0.920.990.690.920.930.9-0.080.990.99-0.380.99-0.380.931.00.981.00.880.950.990.920.92-0.851.00.580.98
-0.94-0.88-0.91-0.91-0.86-0.93-0.23-0.89-0.860.25-0.880.43-0.87-0.84-0.75-0.83-0.98-0.66-0.87-0.88-0.81-0.85-0.84-0.43-0.91
0.910.990.670.910.920.89-0.060.980.98-0.340.99-0.370.921.00.981.00.870.951.00.90.921.0-0.840.570.97
0.50.530.380.420.650.49-0.290.540.56-0.330.54-0.80.650.560.640.560.50.60.550.80.660.58-0.430.570.63
0.940.980.780.910.940.920.030.970.97-0.290.98-0.470.940.970.940.970.940.890.980.960.920.98-0.910.970.63
Click cells to compare fundamentals

Amazon Account Relationship Matchups

Amazon fundamental ratios Accounts

201920202021202220232024 (projected)
Total Current Liabilities68.4B87.8B126.4B142.3B163.6B96.5B
Retained Earnings19.6B31.2B52.6B85.9B98.8B103.7B
Other Assets6.4B10.1B14.6B1.8B2.1B2.0B
Net Receivables16.3B20.5B24.3B32.9B37.8B20.9B
Inventory17.2B20.5B23.8B32.6B37.5B22.3B
Other Stockholder Equity(1.0B)(986M)(180M)(1.4B)(1.2B)(1.3B)
Total Current Assets75.1B96.3B132.7B161.6B185.8B104.8B
Property Plant Equipment61.8B97.8B150.7B216.4B248.8B261.3B
Total Assets162.6B225.2B321.2B420.5B483.6B277.4B
Short Long Term Debt Total39.8B40.5B49.9B64.4B74.1B51.2B
Total Stockholder Equity43.5B62.1B93.4B138.2B159.0B80.3B
Cash31.8B36.1B42.1B36.2B41.7B36.7B
Long Term Debt23.5B23.4B31.8B48.7B56.1B33.5B
Cash And Short Term Investments41.3B55.0B84.4B96.0B110.5B67.7B
Good Will14.5B14.8B15.0B15.4B17.7B16.1B
Short Term Investments9.5B18.9B42.3B59.8B68.8B72.2B
Capital Surpluse26.8B33.7B42.9B55.5B63.9B39.7B
Total Liab119.1B163.2B227.8B282.3B324.6B197.1B
Intangible Assets4.1B4.0B5.0B5.1B5.9B4.8B

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