AKA Net Receivables vs Net Tangible Assets Analysis
| AKA Stock | USD 16.20 0.98 5.70% |
AKA Brands financial indicator trend analysis is way more than just evaluating AKA Brands Holding prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AKA Brands Holding is a good investment. Please check the relationship between AKA Brands Net Receivables and its Net Tangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AKA Brands Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
Net Receivables vs Net Tangible Assets
Net Receivables vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AKA Brands Holding Net Receivables account and Net Tangible Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between AKA Brands' Net Receivables and Net Tangible Assets is 0.86. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of AKA Brands Holding, assuming nothing else is changed. The correlation between historical values of AKA Brands' Net Receivables and Net Tangible 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 Net Receivables of AKA Brands Holding are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Net Receivables i.e., AKA Brands' Net Receivables and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.86 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Net Receivables
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Most indicators from AKA Brands' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AKA Brands Holding 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 AKA Brands Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. As of May 24, 2024, Tax Provision is expected to decline to about 1.1 M. In addition to that, Selling General Administrative is expected to decline to about 71 M
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 15.5M | 20.3M | 19.1M | 15.0M | Interest Income | 9.5M | 7.0M | 8.1M | 4.6M |
AKA Brands fundamental ratios Correlations
Click cells to compare fundamentals
AKA Brands Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AKA Brands Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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Is AKA Brands' 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 AKA Brands. If investors know AKA 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 AKA Brands 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 (0.50) | Earnings Share (9.20) | Revenue Per Share 50.955 | Quarterly Revenue Growth (0.03) | Return On Assets (0.02) |
The market value of AKA Brands Holding is measured differently than its book value, which is the value of AKA that is recorded on the company's balance sheet. Investors also form their own opinion of AKA Brands' value that differs from its market value or its book value, called intrinsic value, which is AKA Brands' 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 AKA Brands' market value can be influenced by many factors that don't directly affect AKA Brands' 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 AKA Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine if AKA Brands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AKA Brands' 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.