Dareway Net Receivables vs Intangible Assets Analysis

688579 Stock   10.93  0.25  2.34%   
Dareway Software financial indicator trend analysis is much more than just examining Dareway Software latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dareway Software is a good investment. Please check the relationship between Dareway Software Net Receivables and its Intangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Dareway Software Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Net Receivables vs Intangible Assets

Net Receivables vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dareway Software Net Receivables account and Intangible Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Dareway Software's Net Receivables and Intangible Assets is 0.63. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Dareway Software Co, assuming nothing else is changed. The correlation between historical values of Dareway Software's Net Receivables and Intangible 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 Net Receivables of Dareway Software Co are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Net Receivables i.e., Dareway Software's Net Receivables and Intangible Assets go up and down completely randomly.

Correlation Coefficient

0.63
Relationship DirectionPositive 
Relationship StrengthSignificant

Net Receivables

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Dareway Software's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dareway Software 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 Dareway Software Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
The current year's Selling General Administrative is expected to grow to about 56.3 M, whereas Tax Provision is projected to grow to (3.5 M).
 2021 2022 2023 2024 (projected)
EBIT82.8M39.3M45.2M68.0M
Other Operating Expenses1.1M1.3M1.2M1.1M

Dareway Software fundamental ratios Correlations

0.3-0.060.180.17-0.16-0.40.06-0.360.150.290.150.210.150.12-0.080.110.020.260.260.120.53-0.03-0.51-0.260.17
0.30.810.950.950.730.330.660.43-0.310.880.910.950.970.960.420.930.930.890.980.960.330.890.480.770.92
-0.060.810.750.840.530.790.340.37-0.420.530.630.840.90.890.120.910.780.930.880.89-0.180.840.760.920.97
0.180.950.750.980.880.290.810.59-0.160.910.980.960.940.940.430.930.930.840.90.940.230.930.580.790.84
0.170.950.840.980.790.440.690.53-0.310.840.930.980.980.980.40.980.950.910.940.980.160.970.640.820.91
-0.160.730.530.880.790.160.890.770.020.840.910.750.710.730.560.710.810.550.650.730.180.80.590.720.57
-0.40.330.790.290.440.16-0.160.24-0.56-0.020.140.420.520.530.030.580.410.620.470.53-0.450.550.720.680.62
0.060.660.340.810.690.89-0.160.540.260.890.890.660.580.60.430.570.680.410.530.60.170.630.390.490.45
-0.360.430.370.590.530.770.240.54-0.050.530.610.450.480.50.330.470.580.330.380.50.210.640.70.580.35
0.15-0.31-0.42-0.16-0.310.02-0.560.26-0.050.04-0.13-0.33-0.44-0.44-0.31-0.42-0.48-0.34-0.42-0.44-0.18-0.44-0.27-0.34-0.37
0.290.880.530.910.840.84-0.020.890.530.040.960.80.780.780.510.720.820.640.790.780.420.750.380.560.68
0.150.910.630.980.930.910.140.890.61-0.130.960.90.870.880.540.840.920.720.840.880.320.880.520.70.74
0.210.950.840.960.980.750.420.660.45-0.330.80.90.980.980.330.980.930.920.950.980.150.950.580.830.91
0.150.970.90.940.980.710.520.580.48-0.440.780.870.981.00.370.990.960.940.981.00.180.960.640.850.95
0.120.960.890.940.980.730.530.60.5-0.440.780.880.981.00.380.990.960.930.971.00.150.970.660.860.94
-0.080.420.120.430.40.560.030.430.33-0.310.510.540.330.370.380.30.540.170.360.380.510.430.050.160.16
0.110.930.910.930.980.710.580.570.47-0.420.720.840.980.990.990.30.930.950.950.990.050.970.680.880.95
0.020.930.780.930.950.810.410.680.58-0.480.820.920.930.960.960.540.930.80.910.960.260.970.640.810.84
0.260.890.930.840.910.550.620.410.33-0.340.640.720.920.940.930.170.950.80.940.930.020.860.590.820.97
0.260.980.880.90.940.650.470.530.38-0.420.790.840.950.980.970.360.950.910.940.970.250.90.530.810.96
0.120.960.890.940.980.730.530.60.5-0.440.780.880.981.01.00.380.990.960.930.970.150.970.660.860.94
0.530.33-0.180.230.160.18-0.450.170.21-0.180.420.320.150.180.150.510.050.260.020.250.150.12-0.36-0.180.01
-0.030.890.840.930.970.80.550.630.64-0.440.750.880.950.960.970.430.970.970.860.90.970.120.740.870.87
-0.510.480.760.580.640.590.720.390.7-0.270.380.520.580.640.660.050.680.640.590.530.66-0.360.740.820.65
-0.260.770.920.790.820.720.680.490.58-0.340.560.70.830.850.860.160.880.810.820.810.86-0.180.870.820.87
0.170.920.970.840.910.570.620.450.35-0.370.680.740.910.950.940.160.950.840.970.960.940.010.870.650.87
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Dareway Software Account Relationship Matchups

Dareway Software fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab120.7M304.2M240.9M214.3M762.5K724.3K
Total Current Liabilities214.0M394.9M383.6M330.7M333.9M303.7M
Other Liab8.4M48.4M64.1M59.7M68.7M72.1M
Net Tangible Assets795.2M1.2B1.2B1.2B1.4B905.8M
Retained Earnings226.2M313.2M376.3M398.3M387.8M282.2M
Accounts Payable82.0M66.0M89.3M79.3M171.3M91.3M
Other Assets4.0M8.8M93.3M95.0M109.3M114.7M
Net Receivables228.9M183.4M160.5M159.4M226.3M183.9M
Inventory23.6M24.1M17.0M59.7M75.5M43.8M
Other Current Assets10.1M7.3M8.5M13.4M1.0M973.3K
Total Current Assets652.2M915.6M845.6M789.1M745.0M765.0M
Property Plant Equipment360.7M650.0M664.8M638.3M734.0M406.6M
Total Assets1.1B1.7B1.7B1.7B1.7B1.5B
Total Stockholder Equity840.7M1.2B1.3B1.3B1.3B1.1B
Cash389.7M101.1M494.0M153.6M287.3M247.4M
Non Current Assets Total411.0M735.5M875.5M898.1M984.9M663.1M
Non Current Liabilities Total8.4M48.4M64.4M59.7M52.0M39.2M
Total Liab222.4M443.3M448.0M390.4M385.9M365.4M
Net Invested Capital840.7M1.2B1.3B1.3B1.3B1.1B
Net Working Capital438.2M520.6M462.0M458.4M411.1M378.1M
Intangible Assets45.5M54.2M70.9M90.6M106.2M64.2M
Non Currrent Assets Other1.5M16.7K539.9K9.9M11.3M11.9M

Currently Active Assets on Macroaxis

Other Information on Investing in Dareway Stock

Balance Sheet is a snapshot of the financial position of Dareway Software at a specified time, usually calculated after every quarter, six months, or one year. Dareway Software Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Dareway Software and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Dareway currently owns. An asset can also be divided into two categories, current and non-current.