Align Capital Stock vs Capital Surpluse Analysis
| ALGN Stock | USD 271.50 2.06 0.75% |
Align Technology financial indicator trend analysis is way more than just evaluating Align Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Align Technology is a good investment. Please check the relationship between Align Technology Capital Stock and its Capital Surpluse accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Align Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.
Capital Stock vs Capital Surpluse
Capital Stock vs Capital Surpluse Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Align Technology Capital Stock account and Capital Surpluse. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Align Technology's Capital Stock and Capital Surpluse is -0.33. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Capital Surpluse in the same time period over historical financial statements of Align Technology, assuming nothing else is changed. The correlation between historical values of Align Technology's Capital Stock and Capital Surpluse is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Stock of Align Technology are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Capital Stock i.e., Align Technology's Capital Stock and Capital Surpluse go up and down completely randomly.
Correlation Coefficient | -0.33 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Capital Stock
The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.Capital Surpluse
Most indicators from Align Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Align Technology 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 Align Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.At this time, Align Technology's Selling General Administrative is very stable compared to the past year. As of the 17th of May 2024, Tax Provision is likely to grow to about 231.9 M, while Issuance Of Capital Stock is likely to drop about 24.4 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 2.0B | 2.0B | 2.1B | 2.2B | Cost Of Revenue | 1.0B | 1.1B | 1.2B | 1.2B |
Align Technology fundamental ratios Correlations
Click cells to compare fundamentals
Align Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Align Technology fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 2.5B | 4.8B | 5.9B | 5.9B | 6.1B | 6.4B | |
| Other Current Liab | 304.2M | 383.8M | 584.6M | 427.8M | 496.1M | 520.9M | |
| Total Current Liabilities | 971.0M | 1.3B | 1.9B | 1.9B | 2.1B | 2.2B | |
| Total Stockholder Equity | 1.3B | 3.2B | 3.6B | 3.6B | 3.6B | 3.8B | |
| Property Plant And Equipment Net | 688.0M | 817.3M | 1.2B | 1.4B | 1.4B | 1.5B | |
| Current Deferred Revenue | 563.8M | 777.9M | 1.2B | 1.3B | 1.4B | 1.5B | |
| Net Debt | (507.0M) | (896.4M) | (996.7M) | (815.1M) | (840.5M) | (798.4M) | |
| Retained Earnings | 439.9M | 2.2B | 2.6B | 2.6B | 2.4B | 2.6B | |
| Accounts Payable | 87.3M | 142.1M | 163.9M | 127.9M | 113.1M | 118.8M | |
| Cash | 550.4M | 960.8M | 1.1B | 942.1M | 937.4M | 984.3M | |
| Non Current Assets Total | 867.3M | 3.0B | 3.4B | 3.5B | 3.6B | 3.8B | |
| Cash And Short Term Investments | 868.6M | 960.8M | 1.2B | 999.6M | 972.7M | 1.0B | |
| Net Receivables | 550.3M | 657.7M | 897.2M | 859.7M | 903.4M | 948.6M | |
| Common Stock Shares Outstanding | 80.1M | 79.2M | 79.7M | 78.4M | 76.6M | 74.1M | |
| Short Term Investments | 318.2M | 0.0 | 72.0M | 57.5M | 35.3M | 33.5M | |
| Liabilities And Stockholders Equity | 2.5B | 4.8B | 5.9B | 5.9B | 6.1B | 6.4B | |
| Non Current Liabilities Total | 183.6M | 270.2M | 395.3M | 420.7M | 386.8M | 406.1M | |
| Inventory | 112.1M | 139.2M | 230.2M | 338.8M | 296.9M | 311.7M | |
| Other Current Assets | 102.5M | 21.0M | 125.1M | 226.4M | 273.6M | 287.2M | |
| Other Stockholder Equity | 906.9M | 974.6M | 999.0M | 1.0B | 1.2B | 674.1M | |
| Total Liab | 1.2B | 1.6B | 2.3B | 2.3B | 2.5B | 2.6B | |
| Property Plant And Equipment Gross | 631.7M | 817.3M | 1.2B | 1.4B | 2.0B | 2.1B | |
| Total Current Assets | 1.6B | 1.8B | 2.5B | 2.4B | 2.4B | 2.6B | |
| Accumulated Other Comprehensive Income | (688K) | 43.5M | 4.3M | (10.3M) | 21.2M | 22.2M | |
| Short Term Debt | 15.7M | 21.7M | 22.7M | 26.6M | 29.7M | 17.5M | |
| Non Currrent Assets Other | 33.7M | 35.2M | 57.5M | 55.8M | 128.7M | 135.1M | |
| Other Assets | 97.7M | 1.7B | 1.6B | 1.6B | 1.9B | 2.0B | |
| Property Plant Equipment | 631.7M | 734.7M | 1.2B | 1.4B | 1.6B | 1.6B | |
| Other Liab | 140.1M | 205.8M | 292.7M | 320.4M | 368.4M | 386.8M | |
| Good Will | 63.9M | 444.8M | 418.5M | 407.6M | 419.5M | 440.5M | |
| Intangible Assets | 11.8M | 130.1M | 109.7M | 95.7M | 82.1M | 86.2M | |
| Net Tangible Assets | 1.3B | 2.7B | 3.1B | 3.1B | 3.6B | 3.7B | |
| Retained Earnings Total Equity | 378.1M | 439.9M | 2.2B | 2.6B | 3.0B | 3.2B | |
| Capital Surpluse | 877.5M | 906.9M | 974.6M | 999.0M | 1.1B | 898.1M | |
| Deferred Long Term Liab | 15.1M | 22.8M | 31.1M | 27.4M | 31.5M | 33.1M | |
| Non Current Liabilities Other | 183.6M | 270.2M | 174.6M | 196.0M | 173.1M | 102.5M |
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Try AI Portfolio ArchitectCheck out Trending Equities to better understand how to build diversified portfolios, which includes a position in Align Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.Note that the Align Technology information on this page should be used as a complementary analysis to other Align Technology's 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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When running Align Technology's price analysis, check to measure Align Technology'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 Align Technology is operating at the current time. Most of Align Technology's value examination focuses on studying past and present price action to predict the probability of Align Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Align Technology's price. Additionally, you may evaluate how the addition of Align Technology to your portfolios can decrease your overall portfolio volatility.
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Is Align Technology'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 Align Technology. If investors know Align 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 Align Technology 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 0.219 | Earnings Share 6.07 | Revenue Per Share 51.541 | Quarterly Revenue Growth 0.058 | Return On Assets 0.0702 |
The market value of Align Technology is measured differently than its book value, which is the value of Align that is recorded on the company's balance sheet. Investors also form their own opinion of Align Technology's value that differs from its market value or its book value, called intrinsic value, which is Align Technology'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 Align Technology's market value can be influenced by many factors that don't directly affect Align Technology'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 Align Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Align Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Align Technology'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.