Western Free Cash Flow vs Change To Inventory Analysis

WDC Stock

USD 60.24 0.62 1.04%

Western Digital financial indicator trend analysis is more than just analyzing Western Digital current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Western Digital is a good investment. Please check the relationship between Western Digital Free Cash Flow and its Change To Inventory accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Digital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For information on how to trade Western Stock refer to our How to Trade Western Stock guide.

Free Cash Flow vs Change To Inventory

Free Cash Flow vs Change To Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Western Digital Free Cash Flow account and Change To Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Western Digital's Free Cash Flow and Change To Inventory is -0.49. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of Western Digital, assuming nothing else is changed. The correlation between historical values of Western Digital's Free Cash Flow and Change To Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Western Digital are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Free Cash Flow i.e., Western Digital's Free Cash Flow and Change To Inventory go up and down completely randomly.

Correlation Coefficient

-0.49

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Most indicators from Western Digital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Western Digital 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Digital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For information on how to trade Western Stock refer to our How to Trade Western Stock guide.At present, Western Digital's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 3.5 B, whereas Selling General Administrative is forecasted to decline to about 553.2 M.

	2021	2022	2023	2024 (projected)
Total Revenue	18.8B	12.3B	13.0B	8.1B
Depreciation And Amortization	929M	828M	568M	572.3M

Total Revenue Depreciation And Amortization

Western Digital fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Property Plant And Equipment Gross	Good Will	Common Stock Total Equity
Total Assets		0.91	0.75	0.81	0.91	0.57	0.83	0.76	0.48	0.98	0.49	0.47	0.54	0.76	0.81	0.8	0.82	0.72	0.91	0.78	0.44	0.56	0.56	0.28	0.91	-0.68
Short Long Term Debt Total	0.91		0.47	0.64	0.66	0.26	0.91	0.53	0.56	0.91	0.36	0.54	0.22	0.5	0.82	0.59	0.6	0.55	0.87	0.69	0.52	0.78	0.37	0.1	0.85	-0.4
Other Current Liab	0.75	0.47		0.77	0.86	0.72	0.48	0.69	0.16	0.72	0.44	0.15	0.79	0.77	0.41	0.79	0.86	0.79	0.58	0.55	0.21	0.05	0.49	0.54	0.66	-0.73
Total Current Liabilities	0.81	0.64	0.77		0.84	0.79	0.58	0.67	0.36	0.77	0.33	0.35	0.6	0.64	0.5	0.68	0.88	0.72	0.72	0.59	0.72	0.31	0.43	0.63	0.63	-0.73
Total Stockholder Equity	0.91	0.66	0.86	0.84		0.79	0.57	0.91	0.43	0.84	0.42	0.42	0.74	0.86	0.62	0.79	0.87	0.69	0.76	0.77	0.32	0.31	0.65	0.41	0.76	-0.85
Property Plant And Equipment Net	0.57	0.26	0.72	0.79	0.79		0.12	0.76	0.36	0.46	0.16	0.35	0.79	0.73	0.25	0.47	0.69	0.46	0.43	0.6	0.29	0.09	0.71	0.45	0.33	-0.89
Net Debt	0.83	0.91	0.48	0.58	0.57	0.12		0.29	0.15	0.92	0.57	0.13	0.19	0.44	0.8	0.75	0.66	0.74	0.86	0.42	0.47	0.52	0.16	0.23	0.9	-0.24
Retained Earnings	0.76	0.53	0.69	0.67	0.91	0.76	0.29		0.66	0.63	0.2	0.66	0.64	0.78	0.48	0.51	0.65	0.33	0.58	0.86	0.2	0.37	0.72	0.16	0.53	-0.86
Cash	0.48	0.56	0.16	0.36	0.43	0.36	0.15	0.66		0.33	-0.28	1.0	0.13	0.29	0.34	-0.11	0.11	-0.18	0.35	0.79	0.29	0.82	0.56	-0.23	0.2	-0.47
Non Current Assets Total	0.98	0.91	0.72	0.77	0.84	0.46	0.92	0.63	0.33		0.57	0.31	0.47	0.72	0.84	0.86	0.82	0.79	0.93	0.66	0.44	0.5	0.44	0.31	0.95	-0.57
Non Currrent Assets Other	0.49	0.36	0.44	0.33	0.42	0.16	0.57	0.2	-0.28	0.57		-0.29	0.2	0.53	0.57	0.8	0.57	0.56	0.58	0.16	0.05	-0.19	0.1	0.14	0.67	-0.31
Cash And Short Term Investments	0.47	0.54	0.15	0.35	0.42	0.35	0.13	0.66	1.0	0.31	-0.29		0.12	0.27	0.32	-0.12	0.1	-0.2	0.33	0.78	0.3	0.81	0.55	-0.23	0.18	-0.46
Net Receivables	0.54	0.22	0.79	0.6	0.74	0.79	0.19	0.64	0.13	0.47	0.2	0.12		0.72	0.17	0.56	0.67	0.61	0.32	0.51	-0.03	-0.06	0.74	0.42	0.41	-0.74
Common Stock Shares Outstanding	0.76	0.5	0.77	0.64	0.86	0.73	0.44	0.78	0.29	0.72	0.53	0.27	0.72		0.65	0.75	0.71	0.58	0.68	0.78	0.04	0.16	0.76	0.21	0.75	-0.71
Non Current Liabilities Total	0.81	0.82	0.41	0.5	0.62	0.25	0.8	0.48	0.34	0.84	0.57	0.32	0.17	0.65		0.67	0.52	0.47	0.95	0.65	0.28	0.54	0.37	-0.13	0.89	-0.35
Inventory	0.8	0.59	0.79	0.68	0.79	0.47	0.75	0.51	-0.11	0.86	0.8	-0.12	0.56	0.75	0.67		0.87	0.89	0.78	0.4	0.24	-0.01	0.3	0.44	0.87	-0.54
Other Current Assets	0.82	0.6	0.86	0.88	0.87	0.69	0.66	0.65	0.11	0.82	0.57	0.1	0.67	0.71	0.52	0.87		0.85	0.71	0.5	0.51	0.1	0.38	0.62	0.75	-0.69
Other Stockholder Equity	0.72	0.55	0.79	0.72	0.69	0.46	0.74	0.33	-0.18	0.79	0.56	-0.2	0.61	0.58	0.47	0.89	0.85		0.64	0.24	0.35	0.0	0.21	0.69	0.75	-0.44
Total Liab	0.91	0.87	0.58	0.72	0.76	0.43	0.86	0.58	0.35	0.93	0.58	0.33	0.32	0.68	0.95	0.78	0.71	0.64		0.65	0.47	0.51	0.38	0.14	0.91	-0.52
Total Current Assets	0.78	0.69	0.55	0.59	0.77	0.6	0.42	0.86	0.79	0.66	0.16	0.78	0.51	0.78	0.65	0.4	0.5	0.24	0.65		0.21	0.64	0.81	-0.1	0.64	-0.65
Short Term Debt	0.44	0.52	0.21	0.72	0.32	0.29	0.47	0.2	0.29	0.44	0.05	0.3	-0.03	0.04	0.28	0.24	0.51	0.35	0.47	0.21		0.39	-0.13	0.51	0.3	-0.2
Intangible Assets	0.56	0.78	0.05	0.31	0.31	0.09	0.52	0.37	0.82	0.5	-0.19	0.81	-0.06	0.16	0.54	-0.01	0.1	0.0	0.51	0.64	0.39		0.36	-0.24	0.4	-0.19
Accounts Payable	0.56	0.37	0.49	0.43	0.65	0.71	0.16	0.72	0.56	0.44	0.1	0.55	0.74	0.76	0.37	0.3	0.38	0.21	0.38	0.81	-0.13	0.36		-0.07	0.39	-0.71
Property Plant And Equipment Gross	0.28	0.1	0.54	0.63	0.41	0.45	0.23	0.16	-0.23	0.31	0.14	-0.23	0.42	0.21	-0.13	0.44	0.62	0.69	0.14	-0.1	0.51	-0.24	-0.07		0.18	-0.34
Good Will	0.91	0.85	0.66	0.63	0.76	0.33	0.9	0.53	0.2	0.95	0.67	0.18	0.41	0.75	0.89	0.87	0.75	0.75	0.91	0.64	0.3	0.4	0.39	0.18		-0.41
Common Stock Total Equity	-0.68	-0.4	-0.73	-0.73	-0.85	-0.89	-0.24	-0.86	-0.47	-0.57	-0.31	-0.46	-0.74	-0.71	-0.35	-0.54	-0.69	-0.44	-0.52	-0.65	-0.2	-0.19	-0.71	-0.34	-0.41

Click cells to compare fundamentals

Western Digital Account Relationship Matchups

Western Digital fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	25.7B	26.1B	26.3B	24.4B	24.2B	25.4B
Short Long Term Debt Total	9.6B	8.7B	7.1B	7.1B	7.4B	7.8B
Other Current Liab	1.8B	2.0B	2.3B	1.6B	2.1B	2.2B
Total Current Liabilities	4.4B	4.9B	4.6B	5.4B	6.1B	6.4B
Total Stockholder Equity	9.6B	10.7B	12.2B	10.8B	10.8B	11.4B
Property Plant And Equipment Net	2.9B	3.2B	3.7B	3.6B	3.5B	3.7B
Net Debt	6.5B	5.4B	4.7B	5.0B	5.6B	5.8B
Retained Earnings	6.7B	7.5B	9.0B	7.4B	6.8B	7.1B
Cash	3.0B	3.4B	2.3B	2.0B	1.9B	1.9B
Non Current Assets Total	16.6B	16.4B	16.8B	16.5B	16.1B	16.9B
Non Currrent Assets Other	2.8B	2.7B	1.5B	2.8B	1.5B	1.6B
Cash And Short Term Investments	3.0B	3.4B	2.3B	2.0B	1.9B	1.9B
Net Receivables	2.4B	2.3B	2.8B	1.6B	2.2B	2.3B
Common Stock Shares Outstanding	298M	309M	316M	318M	326M	202.2M
Liabilities And Stockholders Equity	25.7B	26.1B	26.3B	24.4B	24.2B	25.4B
Non Current Liabilities Total	11.7B	10.5B	9.5B	18.1B	7.1B	3.6B
Inventory	3.1B	3.6B	3.6B	3.7B	3.3B	3.5B
Other Current Assets	551M	514M	684M	567M	673M	706.7M
Other Stockholder Equity	3.0B	3.4B	3.7B	2.9B	4.5B	4.7B
Total Liab	16.1B	15.4B	14.0B	23.6B	13.1B	13.8B
Total Current Assets	9.0B	9.8B	9.5B	7.9B	8.1B	4.2B
Short Term Debt	286M	251M	40M	1.2B	1.8B	1.8B
Intangible Assets	941M	442M	213M	80M	78M	74.1M
Accounts Payable	2.4B	2.3B	2.2B	1.6B	1.7B	1.2B
Property Plant And Equipment Gross	3.1B	3.2B	3.7B	3.6B	12.0B	12.6B
Accumulated Other Comprehensive Income	(157M)	(197M)	(554M)	(516M)	(712M)	(676.4M)
Good Will	10.1B	10.1B	10.0B	10.0B	10.0B	6.1B
Short Term Investments	2M	1.9B	1.6B	3M	3.5M	3.3M
Other Liab	2.2B	2.1B	2.5B	1.2B	1.3B	828.3M
Other Assets	1.9B	2.7B	2.9B	2.0B	2.3B	2.5B
Long Term Debt	9.3B	8.5B	7.0B	5.9B	5.7B	4.5B
Property Plant Equipment	3.1B	3.2B	3.7B	3.6B	4.2B	2.3B
Net Tangible Assets	(1.5B)	213M	2.0B	11.7B	10.6B	11.1B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

C	Citigroup
GM	General Motors
F	Ford Motor

When determining whether Western Digital offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Western Digital's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Western Digital Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Western Digital Stock:

How To Invest In Western

Details

Is Western Stock a good investment?

Details

What is Western Digital's Net Worth?

Details

Largest Technology Hardware, Storage & Peripherals Companies

View

Largest Technology Hardware & Equipment Companies

View

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Digital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For information on how to trade Western Stock refer to our How to Trade Western Stock guide.

You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Is Technology Hardware, Storage & Peripherals space 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 Western Digital. If investors know Western 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 Western Digital 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

(0.96)

Earnings Share

0.91

Revenue Per Share

43.315

Quarterly Revenue Growth

(0.41)

Return On Assets

0.0404

The market value of Western Digital is measured differently than its book value, which is the value of Western that is recorded on the company's balance sheet. Investors also form their own opinion of Western Digital's value that differs from its market value or its book value, called intrinsic value, which is Western Digital'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 Western Digital's market value can be influenced by many factors that don't directly affect Western Digital'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 Western Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Digital'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Western Free Cash Flow vs Change To Inventory Analysis

Free Cash Flow vs Change To Inventory

Free Cash Flow vs Change To Inventory Correlation Analysis

Correlation Coefficient

Free Cash Flow

Change To Inventory

Western Digital fundamental ratios Correlations

Western Digital Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Western Digital fundamental ratios Accounts

Also Currently Popular

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.98	Total Assets
Good Will	+ 0.95	Non Current Assets Total
Total Liab	+ 0.95	Non Current Liabilities Total
Total Liab	+ 0.93	Non Current Assets Total
Non Current Assets Total	+ 0.92	Net Debt

Common Stock Total Equity	- 0.89	Property Plant And Equipment Net
Common Stock Total Equity	- 0.86	Retained Earnings
Common Stock Total Equity	- 0.85	Total Stockholder Equity
Common Stock Total Equity	- 0.74	Net Receivables
Common Stock Total Equity	- 0.73	Total Current Liabilities
Common Stock Total Equity	- 0.73	Other Current Liab