YY Other Current Assets vs Intangible Assets Analysis

YY Stock  USD 38.85  0.15  0.39%   
YY financial indicator trend analysis is more than just analyzing YY Inc Class current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether YY Inc Class is a good investment. Please check the relationship between YY Other Current Assets and its Intangible Assets accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in YY Inc Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Other Current Assets vs Intangible Assets

Other Current Assets vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of YY Inc Class Other Current Assets account and Intangible Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between YY's Other Current Assets and Intangible Assets is 0.78. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of YY Inc Class, assuming nothing else is changed. The correlation between historical values of YY's Other Current Assets 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 Other Current Assets of YY Inc Class 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 Other Current Assets i.e., YY's Other Current Assets and Intangible Assets go up and down completely randomly.

Correlation Coefficient

0.78
Relationship DirectionPositive 
Relationship StrengthSignificant

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from YY's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into YY Inc Class 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 YY Inc Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
Selling General Administrative is likely to drop to about 97.6 M in 2024. Tax Provision is likely to drop to about 17.9 M in 2024
 2021 2022 2023 2024 (projected)
Interest Expense14.5M12.8M10.4M15.5M
Depreciation And Amortization182.9M163.4M124.0M130.2M

YY fundamental ratios Correlations

0.920.620.70.950.920.58-0.530.890.550.870.890.210.00.950.780.810.890.660.630.930.80.620.940.570.91
0.920.830.890.940.980.44-0.610.970.730.860.990.32-0.110.940.890.960.840.560.720.910.950.550.940.590.87
0.620.830.970.650.770.21-0.490.80.810.620.820.36-0.250.720.790.860.630.260.750.580.940.090.740.320.62
0.70.890.970.720.860.23-0.520.890.90.670.90.42-0.220.760.840.930.690.260.70.650.970.270.770.530.66
0.950.940.650.720.920.48-0.630.910.530.930.920.15-0.070.980.810.840.890.650.690.980.810.670.980.580.92
0.920.980.770.860.920.49-0.590.980.750.830.980.410.010.910.870.930.840.520.620.890.910.60.910.660.85
0.580.440.210.230.480.49-0.090.350.220.260.380.250.20.530.380.290.550.230.120.540.260.040.520.040.58
-0.53-0.61-0.49-0.52-0.63-0.59-0.09-0.69-0.34-0.8-0.59-0.170.37-0.58-0.78-0.47-0.47-0.16-0.38-0.57-0.51-0.5-0.58-0.34-0.46
0.890.970.80.890.910.980.35-0.690.780.870.980.37-0.120.890.90.930.810.470.650.850.920.620.890.70.81
0.550.730.810.90.530.750.22-0.340.780.430.770.66-0.090.550.740.820.590.010.420.460.810.240.550.630.42
0.870.860.620.670.930.830.26-0.80.870.430.830.07-0.140.90.810.720.760.630.710.880.760.680.90.530.83
0.890.990.820.90.920.980.38-0.590.980.770.830.36-0.10.910.880.980.810.530.690.890.950.590.910.660.83
0.210.320.360.420.150.410.25-0.170.370.660.070.360.360.140.490.350.26-0.16-0.180.10.340.030.140.24-0.06
0.0-0.11-0.25-0.22-0.070.010.20.37-0.12-0.09-0.14-0.10.36-0.1-0.25-0.14-0.010.23-0.16-0.07-0.140.01-0.1-0.01-0.06
0.950.940.720.760.980.910.53-0.580.890.550.90.910.14-0.10.810.840.890.660.750.960.850.531.00.470.94
0.780.890.790.840.810.870.38-0.780.90.740.810.880.49-0.250.810.810.710.310.540.760.840.430.810.490.67
0.810.960.860.930.840.930.29-0.470.930.820.720.980.35-0.140.840.810.760.470.690.810.960.510.840.640.76
0.890.840.630.690.890.840.55-0.470.810.590.760.810.26-0.010.890.710.760.440.570.870.740.50.890.490.78
0.660.560.260.260.650.520.23-0.160.470.010.630.53-0.160.230.660.310.470.440.60.680.490.50.650.210.68
0.630.720.750.70.690.620.12-0.380.650.420.710.69-0.18-0.160.750.540.690.570.60.660.790.230.770.270.78
0.930.910.580.650.980.890.54-0.570.850.460.880.890.1-0.070.960.760.810.870.680.660.760.670.950.520.92
0.80.950.940.970.810.910.26-0.510.920.810.760.950.34-0.140.850.840.960.740.490.790.760.370.860.530.77
0.620.550.090.270.670.60.04-0.50.620.240.680.590.030.010.530.430.510.50.50.230.670.370.510.790.5
0.940.940.740.770.980.910.52-0.580.890.550.90.910.14-0.11.00.810.840.890.650.770.950.860.510.460.94
0.570.590.320.530.580.660.04-0.340.70.630.530.660.24-0.010.470.490.640.490.210.270.520.530.790.460.48
0.910.870.620.660.920.850.58-0.460.810.420.830.83-0.06-0.060.940.670.760.780.680.780.920.770.50.940.48
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YY Account Relationship Matchups

YY fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding77.2M80.0M78.1M73.6M73.1M69.0M
Total Assets7.5B8.1B9.1B9.1B8.5B8.9B
Other Current Liab764.2M(49.1M)2.4B2.4B2.2B2.3B
Total Current Liabilities1.1B942.9M2.5B3.1B3.1B3.2B
Total Stockholder Equity4.7B6.2B5.5B5.2B5.2B2.6B
Property Plant And Equipment Net361.9M422.7M382.0M376.4M420.9M441.9M
Current Deferred Revenue213.4M67.9M64.3M89.5M79.7M85.3M
Net Debt278.8M(827.5M)(896.3M)(306.9M)(575.4M)(546.7M)
Retained Earnings1.5B3.0B2.7B2.7B2.9B3.1B
Accounts Payable17.8M21.0M18.0M56M66.8M70.1M
Cash556.5M1.7B1.8B1.2B1.1B657.5M
Non Current Assets Total3.3B4.2B4.0B4.4B4.4B4.6B
Non Currrent Assets Other74.8M36.2M4.9M12.6M332.8M349.5M
Other Assets651.0M365.2M4.9M12.6M14.5M13.8M
Cash And Short Term Investments3.8B3.6B4.4B3.9B3.7B2.0B
Net Receivables126.4M212.8M273.8M230.4M291.7M306.3M
Good Will1.9B1.9B2.0B2.6B2.6B2.8B
Liabilities And Stockholders Equity7.5B8.1B9.1B9.1B8.5B8.9B
Non Current Liabilities Total812.9M836.2M979.8M497.2M107.4M102.1M
Other Current Assets138.8M131.6M408.6M476.6M93.1M116.8M
Other Stockholder Equity3.1B3.3B2.7B2.6B2.4B1.5B
Total Liab1.9B1.8B3.5B3.6B3.2B3.4B
Property Plant And Equipment Gross361.9M2.8B382.0M376.4M735.5M469.6M
Total Current Assets4.1B3.9B5.1B4.6B4.1B2.3B
Accumulated Other Comprehensive Income148.7M(113.4M)96.0M(129.7M)(159.3M)(151.3M)
Short Term Debt96.2M842.2M11.0M484.8M470.1M493.6M
Intangible Assets702.7M602.2M682.1M728.3M333.7M309.8M
Common Stock11.6K14.9K15.6K16K12K13.3K
Property Plant Equipment2.5B2.8B382.0M376.4M432.9M857.1M
Other Liab982.7M799.9M115.8M165.4M190.2M300.1M
Short Term Investments3.2B1.8B2.6B2.7B2.2B1.4B
Inventory94.0M97.6M297.3M351.1M2.1M2.0M
Net Tangible Assets15.2B24.5B2.9B1.8B2.1B2.0B
Long Term Debt5.0B5.1B924.1M401.2M461.3M438.3M
Long Term Investments2.4B8.1B1.0B660.4M544.5M517.3M
Short Long Term Debt6.9M557.2M734.4M472.4M457.7M838.5M
Short Long Term Debt Total5.1B913.1M940.9M907.6M488.5M954.6M

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