Align Net Tangible Assets vs Net Invested Capital 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 Net Tangible Assets and its Net Invested Capital 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.

Net Tangible Assets vs Net Invested Capital

Net Tangible Assets vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Align Technology Net Tangible Assets account and Net Invested Capital. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Align Technology's Net Tangible Assets and Net Invested Capital is 0.94. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Invested Capital 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 Net Tangible Assets and Net Invested Capital 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 Tangible Assets of Align Technology are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Net Tangible Assets i.e., Align Technology's Net Tangible Assets and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

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.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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

Total Operating Expenses Cost Of Revenue

Align Technology fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		0.92	0.97	0.99	1.0	0.98	0.99	-0.93	0.99	0.94	0.96	0.99	0.9	0.98	0.34	0.22	-0.35	0.99	0.96	0.83	0.6	0.99	0.95	0.98	0.2	0.23
Short Long Term Debt Total	0.92		0.86	0.91	0.92	0.9	0.91	-0.84	0.89	0.83	0.87	0.91	0.82	0.89	0.5	0.41	-0.29	0.9	0.93	0.83	0.66	0.91	0.86	0.9	0.3	0.42
Other Current Liab	0.97	0.86		0.98	0.96	0.97	0.96	-0.95	0.95	0.96	0.97	0.95	0.94	0.99	0.34	0.23	-0.26	0.97	0.92	0.78	0.61	0.98	0.92	0.98	0.12	0.24
Total Current Liabilities	0.99	0.91	0.98		0.98	1.0	1.0	-0.92	0.97	0.93	0.95	0.98	0.89	0.99	0.32	0.19	-0.33	0.99	0.98	0.87	0.57	1.0	0.97	0.98	0.2	0.2
Total Stockholder Equity	1.0	0.92	0.96	0.98		0.97	0.97	-0.94	0.99	0.94	0.96	0.99	0.9	0.97	0.36	0.25	-0.36	0.97	0.95	0.8	0.61	0.98	0.93	0.97	0.2	0.26
Property Plant And Equipment Net	0.98	0.9	0.97	1.0	0.97		1.0	-0.9	0.96	0.91	0.94	0.97	0.88	0.99	0.3	0.17	-0.33	0.99	0.98	0.89	0.56	1.0	0.98	0.98	0.19	0.18
Current Deferred Revenue	0.99	0.91	0.96	1.0	0.97	1.0		-0.88	0.96	0.89	0.92	0.98	0.86	0.98	0.29	0.16	-0.35	0.99	0.99	0.9	0.54	1.0	0.98	0.97	0.19	0.16
Net Debt	-0.93	-0.84	-0.95	-0.92	-0.94	-0.9	-0.88		-0.91	-0.94	-0.99	-0.91	-0.94	-0.95	-0.45	-0.36	0.34	-0.9	-0.84	-0.67	-0.7	-0.92	-0.84	-0.94	-0.22	-0.37
Retained Earnings	0.99	0.89	0.95	0.97	0.99	0.96	0.96	-0.91		0.94	0.94	1.0	0.84	0.95	0.23	0.11	-0.44	0.98	0.95	0.77	0.51	0.97	0.92	0.94	0.2	0.13
Accounts Payable	0.94	0.83	0.96	0.93	0.94	0.91	0.89	-0.94	0.94		0.95	0.92	0.92	0.94	0.36	0.27	-0.26	0.93	0.86	0.63	0.63	0.93	0.82	0.94	0.17	0.29
Cash	0.96	0.87	0.97	0.95	0.96	0.94	0.92	-0.99	0.94	0.95		0.94	0.94	0.97	0.42	0.32	-0.36	0.94	0.88	0.72	0.66	0.95	0.88	0.97	0.22	0.34
Non Current Assets Total	0.99	0.91	0.95	0.98	0.99	0.97	0.98	-0.91	1.0	0.92	0.94		0.85	0.96	0.29	0.16	-0.43	0.98	0.96	0.81	0.53	0.98	0.94	0.94	0.22	0.17
Cash And Short Term Investments	0.9	0.82	0.94	0.89	0.9	0.88	0.86	-0.94	0.84	0.92	0.94	0.85		0.94	0.54	0.46	-0.01	0.88	0.81	0.68	0.79	0.89	0.81	0.96	0.1	0.48
Net Receivables	0.98	0.89	0.99	0.99	0.97	0.99	0.98	-0.95	0.95	0.94	0.97	0.96	0.94		0.36	0.24	-0.27	0.98	0.95	0.84	0.62	0.99	0.95	0.99	0.18	0.25
Common Stock Total Equity	0.34	0.5	0.34	0.32	0.36	0.3	0.29	-0.45	0.23	0.36	0.42	0.29	0.54	0.36		0.97	0.25	0.25	0.26	0.31	0.88	0.31	0.28	0.43	0.32	0.95
Common Stock Shares Outstanding	0.22	0.41	0.23	0.19	0.25	0.17	0.16	-0.36	0.11	0.27	0.32	0.16	0.46	0.24	0.97		0.32	0.13	0.13	0.18	0.8	0.18	0.14	0.32	0.26	0.99
Short Term Investments	-0.35	-0.29	-0.26	-0.33	-0.36	-0.33	-0.35	0.34	-0.44	-0.26	-0.36	-0.43	-0.01	-0.27	0.25	0.32		-0.34	-0.36	-0.23	0.22	-0.34	-0.35	-0.2	-0.36	0.32
Non Current Liabilities Total	0.99	0.9	0.97	0.99	0.97	0.99	0.99	-0.9	0.98	0.93	0.94	0.98	0.88	0.98	0.25	0.13	-0.34		0.97	0.84	0.54	0.99	0.95	0.97	0.18	0.14
Inventory	0.96	0.93	0.92	0.98	0.95	0.98	0.99	-0.84	0.95	0.86	0.88	0.96	0.81	0.95	0.26	0.13	-0.36	0.97		0.91	0.51	0.98	0.96	0.94	0.21	0.14
Other Current Assets	0.83	0.83	0.78	0.87	0.8	0.89	0.9	-0.67	0.77	0.63	0.72	0.81	0.68	0.84	0.31	0.18	-0.23	0.84	0.91		0.45	0.86	0.93	0.83	0.18	0.16
Other Stockholder Equity	0.6	0.66	0.61	0.57	0.61	0.56	0.54	-0.7	0.51	0.63	0.66	0.53	0.79	0.62	0.88	0.8	0.22	0.54	0.51	0.45		0.56	0.49	0.68	0.19	0.79
Total Liab	0.99	0.91	0.98	1.0	0.98	1.0	1.0	-0.92	0.97	0.93	0.95	0.98	0.89	0.99	0.31	0.18	-0.34	0.99	0.98	0.86	0.56		0.97	0.98	0.19	0.19
Property Plant And Equipment Gross	0.95	0.86	0.92	0.97	0.93	0.98	0.98	-0.84	0.92	0.82	0.88	0.94	0.81	0.95	0.28	0.14	-0.35	0.95	0.96	0.93	0.49	0.97		0.93	0.18	0.13
Total Current Assets	0.98	0.9	0.98	0.98	0.97	0.98	0.97	-0.94	0.94	0.94	0.97	0.94	0.96	0.99	0.43	0.32	-0.2	0.97	0.94	0.83	0.68	0.98	0.93		0.16	0.33
Short Term Debt	0.2	0.3	0.12	0.2	0.2	0.19	0.19	-0.22	0.2	0.17	0.22	0.22	0.1	0.18	0.32	0.26	-0.36	0.18	0.21	0.18	0.19	0.19	0.18	0.16		0.27
Common Stock	0.23	0.42	0.24	0.2	0.26	0.18	0.16	-0.37	0.13	0.29	0.34	0.17	0.48	0.25	0.95	0.99	0.32	0.14	0.14	0.16	0.79	0.19	0.13	0.33	0.27

Click cells to compare fundamentals

Align Technology Account Relationship Matchups

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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When determining whether Align Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Align Technology's 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 Align Technology Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Align Technology Stock:

How To Invest In Align

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Is Align Stock a good investment?

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What is Align Technology's Net Worth?

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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.

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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Complementary Tools for Align Stock analysis

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.

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Align Net Tangible Assets vs Net Invested Capital Analysis

Net Tangible Assets vs Net Invested Capital

Net Tangible Assets vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Net Invested Capital

Align Technology fundamental ratios Correlations

Align Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Align Technology fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Align Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Current Liabilities
Current Deferred Revenue	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Current Deferred Revenue	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Property Plant And Equipment Net

Cash	- 0.99	Net Debt
Net Receivables	- 0.95	Net Debt
Net Debt	- 0.95	Other Current Liab
Total Current Assets	- 0.94	Net Debt
Cash And Short Term Investments	- 0.94	Net Debt
Accounts Payable	- 0.94	Net Debt