Ardmore Financial Statements From 2010 to 2024
ASC Stock | USD 16.35 0.12 0.74% |
Gross Profit 212.8 M | Profit Margin 0.295 | Market Capitalization 679.1 M | Enterprise Value Revenue 1.9277 | Revenue 396 M |
Check Ardmore Shpng financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ardmore main balance sheet or income statement drivers, such as Depreciation And Amortization of 26.7 M, Interest Expense of 15.3 M or Selling General Administrative of 15.2 M, as well as many exotic indicators such as Short Term Coverage Ratios of 13.66, Price Earnings Ratio of 7.29 or Price To Sales Ratio of 2.5. Ardmore financial statements analysis is a perfect complement when working with Ardmore Shpng Valuation or Volatility modules.
Ardmore | Select Account or Indicator |
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Ardmore Fundamental Market Drivers
Forward Price Earnings | 3.3852 | |
Cash And Short Term Investments | 46.8 M |
Ardmore Upcoming Events
13th of February 2024 Upcoming Quarterly Report | View | |
14th of May 2024 Next Financial Report | View | |
31st of December 2023 Next Fiscal Quarter End | View | |
13th of February 2024 Next Fiscal Year End | View | |
30th of September 2023 Last Quarter Report | View | |
31st of December 2022 Last Financial Announcement | View |
About Ardmore Shpng Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Ardmore Shpng income statement, its balance sheet, and the statement of cash flows. Ardmore Shpng investors use historical funamental indicators, such as Ardmore Shpng's revenue or net income, to determine how well the company is positioned to perform in the future. Although Ardmore Shpng investors may use each financial statement separately, they are all related. The changes in Ardmore Shpng's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Ardmore Shpng's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Ardmore Shpng Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Ardmore Shpng. Please read more on our technical analysis and fundamental analysis pages.
Last Reported | Projected for 2024 | ||
Current Deferred Revenue | 347 K | 329.6 K | |
Total Revenue | 396 M | 200 M | |
Cost Of Revenue | 242.6 M | 254.7 M | |
Ebit Per Revenue | 0.32 | 0.34 |
Pair Trading with Ardmore Shpng
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ardmore Shpng position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ardmore Shpng will appreciate offsetting losses from the drop in the long position's value.Moving together with Ardmore Stock
0.61 | SB | Safe Bulkers Financial Report 8th of May 2024 | PairCorr |
0.88 | SB-PC | Safe Bulkers | PairCorr |
0.76 | SB-PD | Safe Bulkers | PairCorr |
0.63 | EDRY | EuroDry Financial Report 20th of May 2024 | PairCorr |
Moving against Ardmore Stock
0.58 | NAT | Nordic American Tankers Financial Report 27th of May 2024 | PairCorr |
The ability to find closely correlated positions to Ardmore Shpng could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ardmore Shpng when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ardmore Shpng - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ardmore Shpng to buy it.
The correlation of Ardmore Shpng is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ardmore Shpng moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ardmore Shpng moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ardmore Shpng can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Ardmore Shpng Correlation against competitors. For information on how to trade Ardmore Stock refer to our How to Trade Ardmore Stock guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Complementary Tools for Ardmore Stock analysis
When running Ardmore Shpng's price analysis, check to measure Ardmore Shpng's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ardmore Shpng is operating at the current time. Most of Ardmore Shpng's value examination focuses on studying past and present price action to predict the probability of Ardmore Shpng's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ardmore Shpng's price. Additionally, you may evaluate how the addition of Ardmore Shpng to your portfolios can decrease your overall portfolio volatility.
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Is Ardmore Shpng's 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 Ardmore Shpng. If investors know Ardmore 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 Ardmore Shpng 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 (0.51) | Dividend Share 0.91 | Earnings Share 2.71 | Revenue Per Share 9.627 | Quarterly Revenue Growth (0.26) |
The market value of Ardmore Shpng is measured differently than its book value, which is the value of Ardmore that is recorded on the company's balance sheet. Investors also form their own opinion of Ardmore Shpng's value that differs from its market value or its book value, called intrinsic value, which is Ardmore Shpng'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 Ardmore Shpng's market value can be influenced by many factors that don't directly affect Ardmore Shpng'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 Ardmore Shpng's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ardmore Shpng is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ardmore Shpng'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.