World Other Assets vs Non Currrent Assets Other Analysis

WRLD Stock  USD 120.92  0.78  0.64%   
World Acceptance financial indicator trend analysis is more than just analyzing World Acceptance current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether World Acceptance is a good investment. Please check the relationship between World Acceptance Other Assets and its Non Currrent Assets Other accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in World Acceptance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For information on how to trade World Stock refer to our How to Trade World Stock guide.

Other Assets vs Non Currrent Assets Other

Other Assets vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of World Acceptance Other Assets account and Non Currrent Assets Other. At this time, the significance of the direction appears to have pay attention.
The correlation between World Acceptance's Other Assets and Non Currrent Assets Other is -0.89. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of World Acceptance, assuming nothing else is changed. The correlation between historical values of World Acceptance's Other Assets and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Assets of World Acceptance are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Other Assets i.e., World Acceptance's Other Assets and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

-0.89
Relationship DirectionNegative 
Relationship StrengthSignificant

Other Assets

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.
Most indicators from World Acceptance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into World Acceptance 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 World Acceptance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For information on how to trade World Stock refer to our How to Trade World Stock guide.At present, World Acceptance's Discontinued Operations is projected to decrease significantly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 1.4 B, whereas Sales General And Administrative To Revenue is forecasted to decline to 0.07.
 2021 2022 2023 2024 (projected)
Depreciation And Amortization483.4M538.9M10.9M10.3M
Income Tax Expense11.7M5.9M22.1M25.2M

World Acceptance fundamental ratios Correlations

-0.76-0.76-0.55-0.72-0.75-0.25-0.340.130.25-0.17-0.340.16-0.81-0.78-0.720.170.140.14-0.620.78-0.66-0.61-0.91-0.45-0.63
-0.760.740.680.570.730.290.43-0.06-0.190.060.43-0.040.520.760.44-0.06-0.05-0.050.75-0.870.60.840.820.430.39
-0.760.740.140.81.00.340.25-0.3-0.420.30.25-0.190.661.00.75-0.3-0.29-0.290.54-0.60.540.910.710.440.74
-0.550.680.140.130.120.020.340.20.16-0.190.340.070.30.180.070.190.20.20.64-0.80.470.20.730.180.01
-0.720.570.80.130.810.28-0.07-0.6-0.610.61-0.07-0.570.620.80.95-0.6-0.57-0.570.56-0.40.50.580.650.80.68
-0.750.731.00.120.810.340.21-0.33-0.440.330.21-0.220.661.00.76-0.33-0.32-0.320.54-0.590.520.90.70.450.75
-0.250.290.340.020.280.340.03-0.21-0.640.220.03-0.210.340.330.19-0.22-0.21-0.20.17-0.170.110.360.170.170.37
-0.340.430.250.34-0.070.210.030.560.42-0.561.00.580.180.27-0.130.560.70.70.19-0.50.520.390.35-0.2-0.05
0.13-0.06-0.30.2-0.6-0.33-0.210.560.88-0.990.560.95-0.32-0.29-0.590.990.950.95-0.14-0.19-0.22-0.12-0.1-0.69-0.45
0.25-0.19-0.420.16-0.61-0.44-0.640.420.88-0.890.420.84-0.42-0.41-0.560.890.850.85-0.17-0.06-0.23-0.29-0.16-0.62-0.53
-0.170.060.3-0.190.610.330.22-0.56-0.99-0.89-0.56-0.960.330.30.6-1.0-0.95-0.950.140.170.220.120.10.690.45
-0.340.430.250.34-0.070.210.031.00.560.42-0.560.580.180.27-0.130.560.70.70.19-0.50.520.390.35-0.2-0.05
0.16-0.04-0.190.07-0.57-0.22-0.210.580.950.84-0.960.58-0.33-0.19-0.570.960.910.91-0.18-0.16-0.210.01-0.12-0.69-0.43
-0.810.520.660.30.620.660.340.18-0.32-0.420.330.18-0.330.670.68-0.34-0.3-0.30.28-0.470.550.490.680.350.82
-0.780.761.00.180.81.00.330.27-0.29-0.410.30.27-0.190.670.76-0.3-0.28-0.280.56-0.630.560.910.740.450.74
-0.720.440.750.070.950.760.19-0.13-0.59-0.560.6-0.13-0.570.680.76-0.6-0.57-0.560.51-0.30.520.470.620.640.8
0.17-0.06-0.30.19-0.6-0.33-0.220.560.990.89-1.00.560.96-0.34-0.3-0.60.950.95-0.13-0.17-0.22-0.12-0.1-0.69-0.45
0.14-0.05-0.290.2-0.57-0.32-0.210.70.950.85-0.950.70.91-0.3-0.28-0.570.951.0-0.1-0.180.0-0.12-0.08-0.65-0.43
0.14-0.05-0.290.2-0.57-0.32-0.20.70.950.85-0.950.70.91-0.3-0.28-0.560.951.0-0.1-0.180.0-0.12-0.08-0.65-0.43
-0.620.750.540.640.560.540.170.19-0.14-0.170.140.19-0.180.280.560.51-0.13-0.1-0.1-0.630.560.510.730.430.41
0.78-0.87-0.6-0.8-0.4-0.59-0.17-0.5-0.19-0.060.17-0.5-0.16-0.47-0.63-0.3-0.17-0.18-0.18-0.63-0.58-0.63-0.9-0.25-0.23
-0.660.60.540.470.50.520.110.52-0.22-0.230.220.52-0.210.550.560.52-0.220.00.00.56-0.580.460.70.330.44
-0.610.840.910.20.580.90.360.39-0.12-0.290.120.390.010.490.910.47-0.12-0.12-0.120.51-0.630.460.590.310.53
-0.910.820.710.730.650.70.170.35-0.1-0.160.10.35-0.120.680.740.62-0.1-0.08-0.080.73-0.90.70.590.410.51
-0.450.430.440.180.80.450.17-0.2-0.69-0.620.69-0.2-0.690.350.450.64-0.69-0.65-0.650.43-0.250.330.310.410.27
-0.630.390.740.010.680.750.37-0.05-0.45-0.530.45-0.05-0.430.820.740.8-0.45-0.43-0.430.41-0.230.440.530.510.27
Click cells to compare fundamentals

World Acceptance Account Relationship Matchups

World Acceptance fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding8.0M6.7M6.4M5.9M5.9M5.6M
Total Assets1.0B954.3M1.2B1.1B1.1B566.6M
Short Long Term Debt Total553.9M496.7M779.8M679.0M577.9M606.8M
Total Stockholder Equity414.5M404.9M373.0M385.2M424.4M271.1M
Property Plant And Equipment Net126.4M116.4M110.7M105.2M102.4M107.5M
Net Debt542.2M481.0M760.6M662.5M566.1M594.4M
Retained Earnings184.7M149.3M92.1M97.2B138.0M131.1M
Cash11.6M15.7M19.2M16.5M11.8M9.7M
Non Current Assets Total158.3M147.3M137.8M127.9M194.0M184.3M
Non Currrent Assets Other(158.3M)(147.3M)(137.8M)(41.7B)73.1M69.5M
Other Assets853.9M791.2M1.1B972.9M1.01.05
Cash And Short Term Investments11.6M15.7M19.2M16.5M11.8M9.7M
Liabilities And Stockholders Equity1.0B954.3M1.2B1.1B1.1B567.9M
Non Current Liabilities Total553.9M496.7M58.0M50.6M555.4M527.6M
Other Stockholder Equity45.0M255.6M280.9M288.1M286.4M300.8M
Total Liab613.6M549.3M845.3M732.1M631.9M663.5M
Property Plant And Equipment Gross126.4M116.4M110.7M105.2M158.6M166.5M
Total Current Assets15.9M15.7M19.2M16.5M862.4M819.3M
Other Current Liab(59.7M)(34.6M)(52.2M)(44.9M)5.5M5.2M
Total Current Liabilities59.7M41.0M58.0M50.6M76.6M72.7M
Accounts Payable59.7M23.1M44.8M42.3M48.5M32.7M
Other Current Assets(11.6M)(15.7M)(19.2M)(16.5M)3.1M2.9M
Long Term Debt451.1M405.0M692.4M595.3M496.0M307.7M
Intangible Assets24.4M23.5M19.8M15.3M11.1M10.5M
Property Plant Equipment24.8M26.3M110.7M105.2M121.0M127.0M
Net Receivables4.3M733.7B985.5B887.8B3.1M2.9M
Net Tangible Assets380.1M374.0M345.9M362.6M417.0M432.5M
Retained Earnings Total Equity391.3M354.0M184.7M149.3M134.4M217.2M
Long Term Debt Total244.9M251.9M451.1M405.0M364.5M296.7M
Capital Surpluse175.9M198.1M227.2M255.6M293.9M171.1M
Long Term Investments725.2M755.6M804.4M733.7M843.7M802.7M
Common Stock414.5M404.9M373.0M424.4M488.1M512.5M
Net Invested Capital863.1M405.0M692.4M595.3M920.5M579.0M

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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.
When determining whether World Acceptance is a strong investment it is important to analyze World Acceptance's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact World Acceptance's future performance. For an informed investment choice regarding World Stock, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in World Acceptance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For information on how to trade World Stock refer to our How to Trade World Stock guide.
You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Is Consumer Finance 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 World Acceptance. If investors know World 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 World Acceptance 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
0.472
Earnings Share
14.63
Revenue Per Share
99.637
Quarterly Revenue Growth
(0.04)
Return On Assets
0.0873
The market value of World Acceptance is measured differently than its book value, which is the value of World that is recorded on the company's balance sheet. Investors also form their own opinion of World Acceptance's value that differs from its market value or its book value, called intrinsic value, which is World Acceptance'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 World Acceptance's market value can be influenced by many factors that don't directly affect World Acceptance'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 World Acceptance's value and its price as these two are different measures arrived at by different means. Investors typically determine if World Acceptance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, World Acceptance'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.