Axcelis Retained Earnings vs Cash And Short Term Investments Analysis
ACLS Stock | USD 112.49 1.19 1.05% |
Axcelis Technologies financial indicator trend analysis is way more than just evaluating Axcelis Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Axcelis Technologies is a good investment. Please check the relationship between Axcelis Technologies Retained Earnings and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Axcelis Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Axcelis Stock please use our How to Invest in Axcelis Technologies guide.
Retained Earnings vs Cash And Short Term Investments
Retained Earnings vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Axcelis Technologies Retained Earnings account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Axcelis Technologies' Retained Earnings and Cash And Short Term Investments is 0.87. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Axcelis Technologies, assuming nothing else is changed. The correlation between historical values of Axcelis Technologies' Retained Earnings and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Axcelis Technologies are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Retained Earnings i.e., Axcelis Technologies' Retained Earnings and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.87 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Axcelis Technologies balance sheet. This account contains Axcelis Technologies investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Axcelis Technologies 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.Most indicators from Axcelis Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Axcelis 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. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Axcelis Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Axcelis Stock please use our How to Invest in Axcelis Technologies guide.At this time, Axcelis Technologies' Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 15.65 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.06 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 286.4M | 401.8M | 491.3M | 515.9M | Total Revenue | 662.4M | 920.0M | 1.1B | 1.2B |
Axcelis Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Axcelis Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Axcelis Technologies fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 548.1M | 624.6M | 753.2M | 1.0B | 1.3B | 1.3B | |
Other Current Liab | 18.3M | 38.4M | 50.7M | 61.1M | 59.6M | 62.5M | |
Total Current Liabilities | 68.7M | 84.4M | 150.1M | 248.1M | 285.1M | 299.4M | |
Total Stockholder Equity | 419.4M | 481.6M | 539.0M | 667.3M | 864.9M | 908.1M | |
Property Plant And Equipment Net | 53.1M | 54.9M | 63.5M | 69.8M | 138.2M | 145.2M | |
Net Debt | (91.3M) | (155.3M) | (247.5M) | (139.2M) | (91.4M) | (96.0M) | |
Accounts Payable | 25.3M | 24.0M | 38.0M | 62.3M | 54.4M | 32.1M | |
Cash | 139.9M | 203.5M | 294.9M | 185.6M | 167.3M | 121.2M | |
Non Current Assets Total | 172.4M | 153.8M | 134.0M | 136.0M | 202.0M | 128.1M | |
Non Currrent Assets Other | 51.3M | 41.1M | 35.1M | 34.5M | 3.7M | 3.5M | |
Cash And Short Term Investments | 139.9M | 203.5M | 294.9M | 432.2M | 506.1M | 531.5M | |
Net Receivables | 83.8M | 86.9M | 104.4M | 169.8M | 218.0M | 228.9M | |
Common Stock Shares Outstanding | 33.8M | 34.1M | 34.3M | 33.5M | 33.2M | 31.0M | |
Liabilities And Stockholders Equity | 548.1M | 624.6M | 753.2M | 1.0B | 1.3B | 1.3B | |
Non Current Liabilities Total | 60.0M | 58.6M | 64.1M | 98.3M | 132.0M | 138.6M | |
Inventory | 140.4M | 161.1M | 195.0M | 242.4M | 306.5M | 321.8M | |
Other Current Assets | 11.7M | 19.4M | 24.9M | 33.3M | 49.4M | 51.9M | |
Other Stockholder Equity | 559.9M | 570.1M | 559.9M | 550.3M | 547.2M | 547.9M | |
Total Liab | 128.7M | 143.0M | 214.3M | 346.4M | 417.1M | 437.9M | |
Property Plant And Equipment Gross | 25.3M | 54.9M | 63.5M | 69.8M | 127.8M | 134.1M | |
Total Current Assets | 375.7M | 470.8M | 619.2M | 877.6M | 1.1B | 1.1B | |
Accumulated Other Comprehensive Income | (258K) | 3.4M | 1.8M | (2.0M) | (1.8M) | (1.8M) | |
Other Liab | 9.3M | 11.2M | 17.7M | 46.1M | 53.1M | 55.7M | |
Retained Earnings | (140.2M) | (92.0M) | (22.7M) | 118.9M | 319.5M | 335.5M | |
Other Assets | 119.4M | 124.0M | 70.5M | 66.2M | 76.2M | 50.5M | |
Property Plant Equipment | 25.3M | 29.8M | 63.5M | 69.8M | 62.8M | 42.0M | |
Short Long Term Debt Total | 48.5M | 48.1M | 47.4M | 46.4M | 75.9M | 57.8M | |
Current Deferred Revenue | 24.6M | 21.2M | 60.5M | 123.5M | 164.7M | 172.9M | |
Short Term Debt | 399K | 756K | 979K | 1.2M | 6.5M | 12.4M | |
Net Tangible Assets | 419.4M | 481.6M | 539.0M | 667.3M | 767.3M | 805.7M | |
Retained Earnings Total Equity | (140.2M) | (92.0M) | (22.7M) | 118.9M | 136.7M | 143.6M | |
Capital Surpluse | 559.9M | 570.1M | 559.9M | 550.3M | 632.8M | 598.0M | |
Deferred Long Term Liab | 42.8M | 38.5M | 32.0M | 30.2M | 34.8M | 36.5M | |
Non Current Liabilities Other | 60.0M | 58.6M | 9.7M | 21.8M | 42.1M | 41.9M | |
Long Term Debt Total | 48.1M | 47.4M | 46.4M | 45.2M | 52.0M | 47.9M |
Pair Trading with Axcelis Technologies
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 Axcelis Technologies 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 Axcelis Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Axcelis Stock
0.8 | ON | ON Semiconductor | PairCorr |
The ability to find closely correlated positions to Axcelis Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Axcelis Technologies 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 Axcelis Technologies - 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 Axcelis Technologies to buy it.
The correlation of Axcelis Technologies 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 Axcelis Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axcelis Technologies 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 Axcelis Technologies 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Axcelis Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Axcelis Stock please use our How to Invest in Axcelis Technologies guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Axcelis Stock analysis
When running Axcelis Technologies' price analysis, check to measure Axcelis Technologies' 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 Axcelis Technologies is operating at the current time. Most of Axcelis Technologies' value examination focuses on studying past and present price action to predict the probability of Axcelis Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Axcelis Technologies' price. Additionally, you may evaluate how the addition of Axcelis Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Axcelis 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 Axcelis Technologies. If investors know Axcelis 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 Axcelis 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 0.098 | Earnings Share 7.57 | Revenue Per Share 34.491 | Quarterly Revenue Growth (0.01) | Return On Assets 0.1419 |
The market value of Axcelis Technologies is measured differently than its book value, which is the value of Axcelis that is recorded on the company's balance sheet. Investors also form their own opinion of Axcelis Technologies' value that differs from its market value or its book value, called intrinsic value, which is Axcelis 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 Axcelis Technologies' market value can be influenced by many factors that don't directly affect Axcelis 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 Axcelis Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Axcelis Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axcelis 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.