L3Harris Trade and Non Trade Receivables vs Deferred Revenue Analysis

LHX
 Stock
  

USD 238.71  0.62  0.26%   

L3Harris Technologies financial indicator trend analysis is infinitely more than just investigating L3Harris Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether L3Harris Technologies is a good investment. Please check the relationship between L3Harris Technologies Trade and Non Trade Receivables and its Deferred Revenue accounts. Additionally, see Stocks Correlation.

Trade and Non Trade Receivables vs Deferred Revenue

Trade and Non Trade Receivables vs Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of L3Harris Technologies Trade and Non Trade Receivables account and Deferred Revenue. At this time, the significance of the direction appears to have pay attention.
The correlation between L3Harris Technologies' Trade and Non Trade Receivables and Deferred Revenue is -0.96. Overlapping area represents the amount of variation of Trade and Non Trade Receivables that can explain the historical movement of Deferred Revenue in the same time period over historical financial statements of L3Harris Technologies, assuming nothing else is changed. The correlation between historical values of L3Harris Technologies' Trade and Non Trade Receivables and Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Trade and Non Trade Receivables of L3Harris Technologies are associated (or correlated) with its Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Revenue has no effect on the direction of Trade and Non Trade Receivables i.e., L3Harris Technologies' Trade and Non Trade Receivables and Deferred Revenue go up and down completely randomly.

Correlation Coefficient

-0.96
Relationship DirectionNegative 
Relationship StrengthSignificant

Trade and Non Trade Receivables

A component of Total Assets representing trade and non-trade receivables.

Deferred Revenue

A component of Total Liabilities representing the carrying amount of consideration received or receivable on potential earnings that were not recognized as revenue; including sales; license fees; and royalties; but excluding interest income.
Most indicators from L3Harris Technologies fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into L3Harris Technologies 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. Additionally, see Stocks Correlation.L3Harris Technologies Net Loss Income from Discontinued Operations is fairly stable at the moment as compared to the past year. L3Harris Technologies reported Net Loss Income from Discontinued Operations of 1,000,000 in 2021. Selling General and Administrative Expense is likely to rise to about 3.5 B in 2022, whereas Issuance Purchase of Equity Shares is likely to drop (3.7 B) in 2022.
 2010 2021 2022 (projected)
Consolidated Income1.09 B1.84 B1.99 B
Direct Expenses12.89 B12.44 B13.42 B

L3Harris Technologies fundamental ratios Correlations

0.76-0.75-0.360.96-0.30.731.0-0.661.0-0.85-0.16-0.160.990.210.210.960.90.91-0.75-1.00.680.46-0.87
0.76-1.00.330.910.391.00.73-0.990.74-0.990.520.520.850.330.330.920.410.96-1.0-0.810.990.93-0.98
-0.75-1.0-0.35-0.9-0.41-1.0-0.710.99-0.730.98-0.54-0.54-0.83-0.33-0.33-0.91-0.39-0.961.00.8-1.0-0.940.98
-0.360.33-0.35-0.081.00.37-0.4-0.46-0.39-0.180.980.98-0.220.170.17-0.08-0.720.07-0.350.280.440.66-0.14
0.960.91-0.9-0.08-0.020.90.94-0.850.95-0.970.120.130.990.270.271.00.750.99-0.9-0.980.860.7-0.98
-0.30.39-0.411.0-0.020.42-0.35-0.51-0.33-0.240.990.99-0.160.190.19-0.01-0.680.13-0.410.220.50.7-0.2
0.731.0-1.00.370.90.420.7-1.00.71-0.980.550.550.820.330.330.90.370.95-1.0-0.791.00.94-0.97
1.00.73-0.71-0.40.94-0.350.7-0.631.0-0.83-0.21-0.210.980.190.190.940.920.89-0.71-0.990.640.42-0.85
-0.66-0.990.99-0.46-0.85-0.51-1.0-0.63-0.640.96-0.63-0.63-0.76-0.33-0.33-0.85-0.28-0.920.990.72-1.0-0.970.94
1.00.74-0.73-0.390.95-0.330.711.0-0.64-0.84-0.19-0.190.990.20.20.950.920.89-0.73-0.990.650.44-0.86
-0.85-0.990.98-0.18-0.97-0.24-0.98-0.830.96-0.84-0.38-0.38-0.92-0.31-0.31-0.97-0.55-0.990.980.89-0.96-0.861.0
-0.160.52-0.540.980.120.990.55-0.21-0.63-0.19-0.381.0-0.020.230.230.13-0.570.27-0.540.080.620.8-0.34
-0.160.52-0.540.980.130.990.55-0.21-0.63-0.19-0.381.0-0.020.230.230.13-0.570.27-0.540.080.620.8-0.34
0.990.85-0.83-0.220.99-0.160.820.98-0.760.99-0.92-0.02-0.020.240.240.990.830.96-0.83-1.00.770.59-0.94
0.210.33-0.330.170.270.190.330.19-0.330.2-0.310.230.230.241.00.270.070.3-0.33-0.230.330.33-0.31
0.210.33-0.330.170.270.190.330.19-0.330.2-0.310.230.230.241.00.270.070.3-0.33-0.230.330.33-0.31
0.960.92-0.91-0.081.0-0.010.90.94-0.850.95-0.970.130.130.990.270.270.740.99-0.91-0.980.860.7-0.98
0.90.41-0.39-0.720.75-0.680.370.92-0.280.92-0.55-0.57-0.570.830.070.070.740.64-0.39-0.860.30.04-0.58
0.910.96-0.960.070.990.130.950.89-0.920.89-0.990.270.270.960.30.30.990.64-0.96-0.940.920.8-1.0
-0.75-1.01.0-0.35-0.9-0.41-1.0-0.710.99-0.730.98-0.54-0.54-0.83-0.33-0.33-0.91-0.39-0.960.8-1.0-0.940.98
-1.0-0.810.80.28-0.980.22-0.79-0.990.72-0.990.890.080.08-1.0-0.23-0.23-0.98-0.86-0.940.8-0.74-0.540.91
0.680.99-1.00.440.860.51.00.64-1.00.65-0.960.620.620.770.330.330.860.30.92-1.0-0.740.97-0.95
0.460.93-0.940.660.70.70.940.42-0.970.44-0.860.80.80.590.330.330.70.040.8-0.94-0.540.97-0.84
-0.87-0.980.98-0.14-0.98-0.2-0.97-0.850.94-0.861.0-0.34-0.34-0.94-0.31-0.31-0.98-0.58-1.00.980.91-0.95-0.84
Click cells to compare fundamentals

L3Harris Technologies Account Relationship Matchups

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Additionally, see Stocks Correlation. Note that the L3Harris Technologies information on this page should be used as a complementary analysis to other L3Harris Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Piotroski F Score module to get Piotroski F Score based on binary analysis strategy of nine different fundamentals.

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Is L3Harris Technologies' industry 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 L3Harris Technologies. If investors know L3Harris 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 L3Harris Technologies 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 YOY
0.2
Market Capitalization
45.7 B
Quarterly Revenue Growth YOY
-0.11
Return On Assets
0.0457
Return On Equity
0.0974
The market value of L3Harris Technologies is measured differently than its book value, which is the value of L3Harris that is recorded on the company's balance sheet. Investors also form their own opinion of L3Harris Technologies' value that differs from its market value or its book value, called intrinsic value, which is L3Harris Technologies' 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 L3Harris Technologies' market value can be influenced by many factors that don't directly affect L3Harris Technologies' 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 L3Harris Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine L3Harris Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, L3Harris Technologies' 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.