Aurora Cash And Short Term Investments vs Net Receivables Analysis
ACB Stock | USD 6.19 0.04 0.65% |
Aurora Cannabis financial indicator trend analysis is way more than just evaluating Aurora Cannabis prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aurora Cannabis is a good investment. Please check the relationship between Aurora Cannabis Cash And Short Term Investments and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Cannabis. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Aurora Stock refer to our How to Trade Aurora Stock guide.
Cash And Short Term Investments vs Net Receivables
Cash And Short Term Investments vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aurora Cannabis Cash And Short Term Investments account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.
The correlation between Aurora Cannabis' Cash And Short Term Investments and Net Receivables is 0.78. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Aurora Cannabis, assuming nothing else is changed. The correlation between historical values of Aurora Cannabis' Cash And Short Term Investments and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Aurora Cannabis are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Cash And Short Term Investments i.e., Aurora Cannabis' Cash And Short Term Investments and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.78 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Aurora Cannabis balance sheet. This account contains Aurora Cannabis investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Aurora Cannabis fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Net Receivables
Most indicators from Aurora Cannabis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aurora Cannabis 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Cannabis. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Aurora Stock refer to our How to Trade Aurora Stock guide.As of June 1, 2024, Selling General Administrative is expected to decline to about 72 M. In addition to that, Discontinued Operations is expected to decline to about (1.5 M)
2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 93.7M | 65.2M | 75.0M | 74.4M | Interest Income | 4.5M | 9.9M | 8.9M | 8.4M |
Aurora Cannabis fundamental ratios Correlations
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Aurora Cannabis Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aurora Cannabis fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.8B | 2.6B | 1.1B | 926.3M | 1.1B | 982.1M | |
Other Current Liab | 21.1M | 58.0M | 94.5M | 71.1M | 81.7M | 47.0M | |
Total Current Liabilities | 272.8M | 116.4M | 145.2M | 242.3M | 278.7M | 292.6M | |
Total Stockholder Equity | 2.2B | 2.0B | 661.8M | 486.1M | 559.0M | 745.4M | |
Net Debt | 369.1M | (21.9M) | (168.3M) | (73.3M) | (84.3M) | (80.1M) | |
Retained Earnings | (3.6B) | (4.3B) | (6.0B) | (6.3B) | (5.7B) | (5.4B) | |
Accounts Payable | 95.6M | 13.3M | 13.9M | 21.9M | 25.2M | 15.7M | |
Cash | 162.2M | 421.5M | 437.8M | 300.8M | 346.0M | 363.3M | |
Non Current Assets Total | 2.4B | 1.9B | 339.2M | 446.4M | 513.4M | 761.7M | |
Non Currrent Assets Other | (91.5M) | (42.5M) | 33.9M | 14.1M | 12.7M | 13.3M | |
Cash And Short Term Investments | 169.2M | 425.2M | 439.1M | 300.8M | 346.0M | 363.3M | |
Net Receivables | 54.1M | 56.5M | 47.1M | 41.3M | 47.5M | 49.9M | |
Common Stock Shares Outstanding | 9.7M | 16.9M | 214.9M | 32.3M | 37.1M | 23.5M | |
Liabilities And Stockholders Equity | 2.8B | 2.6B | 1.1B | 926.3M | 1.1B | 982.1M | |
Other Stockholder Equity | 73.8M | (65.5M) | (54.5M) | (1.0) | (0.9) | (0.85) | |
Total Liab | 657.2M | 567.0M | 422.0M | 409.2M | 470.6M | 235.7M | |
Total Current Assets | 420.7M | 665.9M | 745.1M | 479.9M | 551.9M | 579.5M | |
Accumulated Other Comprehensive Income | (41.8M) | (65.5M) | (54.5M) | (58.3M) | (52.5M) | (49.9M) | |
Property Plant And Equipment Net | 946.4M | 606.1M | 233.5M | 323.0M | 371.4M | 219.2M | |
Other Current Assets | 22.1M | 11.2M | 6.5M | 8.9M | 10.3M | 8.1M | |
Property Plant And Equipment Gross | 765.6M | 946.4M | 606.1M | 709.4M | 815.8M | 856.6M | |
Short Term Investments | 143.2M | 7.1M | 3.8M | 1.3M | 1.5M | 1.5M | |
Common Stock Total Equity | 1.5B | 4.7B | 5.8B | 6.4B | 7.4B | 7.8B | |
Common Stock | 5.8B | 6.4B | 6.8B | 6.8B | 7.9B | 8.3B | |
Short Long Term Debt Total | 531.2M | 399.6M | 269.5M | 227.5M | 261.7M | 259.5M | |
Current Deferred Revenue | 3.5M | 4.2M | 3.9M | 1.7M | 2.0M | 2.0M | |
Short Term Debt | 152.6M | 40.9M | 33.0M | 147.6M | 169.7M | 178.2M | |
Intangible Assets | 412.3M | 367.4M | 70.7M | 61.4M | 70.6M | 67.1M | |
Other Liab | 280.3M | 5.8M | 92.0M | 40.3M | 46.3M | 67.7M | |
Net Tangible Assets | 506.6M | 792.0M | 774.7M | 588.0M | 676.2M | 467.5M | |
Other Assets | 93.3M | 57.8M | 77.3M | 33.9M | 38.9M | 53.7M | |
Long Term Debt | 394.2M | 294.9M | 293.2M | 199.7M | 229.6M | 199.8M | |
Good Will | 3.2B | 928.4M | 887.7M | 18.7M | 21.5M | 20.4M | |
Non Current Liabilities Total | 384.4M | 450.7M | 276.8M | 166.9M | 191.9M | 282.9M | |
Inventory | 157.3M | 137.7M | 139.9M | 128.8M | 148.1M | 96.4M | |
Long Term Investments | 118.8M | 18.1M | 289K | 1.2M | 1.1M | 1.0M | |
Short Long Term Debt | 249.7M | 152.6M | 34.7M | 26.9M | 24.2M | 23.0M | |
Non Current Liabilities Other | 12.0M | 37K | 104K | 128K | 147.2K | 139.8K |
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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 Aurora Cannabis offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Aurora Cannabis' 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 Aurora Cannabis Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Aurora Cannabis Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Cannabis. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Aurora Stock refer to our How to Trade Aurora Stock guide.Note that the Aurora Cannabis information on this page should be used as a complementary analysis to other Aurora Cannabis' 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 the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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When running Aurora Cannabis' price analysis, check to measure Aurora Cannabis' 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 Aurora Cannabis is operating at the current time. Most of Aurora Cannabis' value examination focuses on studying past and present price action to predict the probability of Aurora Cannabis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aurora Cannabis' price. Additionally, you may evaluate how the addition of Aurora Cannabis to your portfolios can decrease your overall portfolio volatility.
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Is Aurora Cannabis' 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 Aurora Cannabis. If investors know Aurora 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 Aurora Cannabis 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 (0.92) | Earnings Share (57.73) | Revenue Per Share 6.784 | Quarterly Revenue Growth 0.055 | Return On Assets (0.08) |
The market value of Aurora Cannabis is measured differently than its book value, which is the value of Aurora that is recorded on the company's balance sheet. Investors also form their own opinion of Aurora Cannabis' value that differs from its market value or its book value, called intrinsic value, which is Aurora Cannabis' 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 Aurora Cannabis' market value can be influenced by many factors that don't directly affect Aurora Cannabis' 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 Aurora Cannabis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Aurora Cannabis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aurora Cannabis' 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.