Udemy Capex To Depreciation vs Days Payables Outstanding Analysis

UDMY Stock  USD 8.50  0.18  2.16%   
Udemy financial indicator trend analysis is much more than just breaking down Udemy Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Udemy Inc is a good investment. Please check the relationship between Udemy Capex To Depreciation and its Days Payables Outstanding accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Udemy 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 population.

Capex To Depreciation vs Days Payables Outstanding

Capex To Depreciation vs Days Payables Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Udemy Inc Capex To Depreciation account and Days Payables Outstanding. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Udemy's Capex To Depreciation and Days Payables Outstanding is 0.96. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Days Payables Outstanding in the same time period over historical financial statements of Udemy Inc, assuming nothing else is changed. The correlation between historical values of Udemy's Capex To Depreciation and Days Payables Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Udemy Inc are associated (or correlated) with its Days Payables Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Payables Outstanding has no effect on the direction of Capex To Depreciation i.e., Udemy's Capex To Depreciation and Days Payables Outstanding go up and down completely randomly.

Correlation Coefficient

0.96
Relationship DirectionPositive 
Relationship StrengthVery Strong

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Days Payables Outstanding

Most indicators from Udemy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Udemy 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Udemy 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 population.
Enterprise Value is likely to rise to about 1.9 B in 2024, whereas Tax Provision is likely to drop slightly above 2.7 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense32K4.3M518K492.1K
Depreciation And Amortization15.3M27.4M24.6M19.2M

Udemy fundamental ratios Correlations

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Udemy Account Relationship Matchups

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