Arts Intangible Assets vs Net Invested Capital Analysis
ARTW Stock | USD 1.89 0.02 1.07% |
Arts Way financial indicator trend analysis is way more than just evaluating Arts Way Manufacturing prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Arts Way Manufacturing is a good investment. Please check the relationship between Arts Way Intangible Assets and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Arts Way Manufacturing Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Intangible Assets vs Net Invested Capital
Intangible Assets vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Arts Way Manufacturing Intangible Assets account and Net Invested Capital. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Arts Way's Intangible Assets and Net Invested Capital is 0.51. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Arts Way Manufacturing Co, assuming nothing else is changed. The correlation between historical values of Arts Way's Intangible 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 Intangible Assets of Arts Way Manufacturing Co 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 Intangible Assets i.e., Arts Way's Intangible Assets and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.51 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.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 Arts Way's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Arts Way Manufacturing 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 Arts Way Manufacturing Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At this time, Arts Way's Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 12.18 in 2024, whereas Discontinued Operations is likely to drop (61.4 K) in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 453.9K | 590.0K | 678.5K | 490.3K | Depreciation And Amortization | 807.2K | 804.8K | 925.5K | 655.9K |
Arts Way fundamental ratios Correlations
Click cells to compare fundamentals
Arts Way Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Arts Way fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 18.8M | 20.9M | 23.9M | 24.4M | 28.1M | 19.6M | |
Short Long Term Debt Total | 5.2M | 7.0M | 7.7M | 8.2M | 9.4M | 6.2M | |
Other Current Liab | 1.3M | 1.2M | 1.3M | 2.0M | 1.8M | 1.4M | |
Total Current Liabilities | 6.2M | 7.7M | 9.3M | 9.4M | 10.8M | 6.2M | |
Total Stockholder Equity | 9.9M | 10.4M | 11.2M | 11.6M | 13.4M | 10.3M | |
Property Plant And Equipment Net | 5.7M | 5.8M | 6.6M | 5.1M | 5.8M | 5.0M | |
Net Debt | 5.2M | 7.0M | 7.7M | 8.2M | 9.4M | 5.0M | |
Retained Earnings | 6.4M | 6.7M | 6.8M | 7.0M | 8.1M | 8.3M | |
Cash | 2.7K | 2.7K | 5.1K | 4.0K | 3.6K | 3.4K | |
Non Current Assets Total | 8.5M | 8.7M | 9.8M | 9.3M | 10.7M | 6.0M | |
Cash And Short Term Investments | 2.7K | 2.7K | 5.1K | 4.0K | 3.6K | 3.4K | |
Net Receivables | 2.5M | 2.8M | 3.2M | 3.7M | 4.3M | 2.5M | |
Common Stock Shares Outstanding | 4.4M | 4.5M | 4.7M | 5.0M | 5.8M | 3.7M | |
Liabilities And Stockholders Equity | 18.8M | 20.9M | 23.9M | 24.4M | 28.1M | 19.6M | |
Non Current Liabilities Total | 2.7M | 2.8M | 3.5M | 3.4M | 3.9M | 3.1M | |
Inventory | 7.8M | 9.2M | 10.6M | 11.0M | 12.7M | 9.7M | |
Other Current Assets | 61.3K | 121.2K | 343.6K | 328.6K | 295.8K | 337.1K | |
Other Stockholder Equity | 3.4M | 3.7M | 4.3M | 4.6M | 5.3M | 9.3M | |
Total Liab | 8.9M | 10.5M | 12.8M | 12.8M | 14.7M | 9.3M | |
Property Plant And Equipment Gross | 5.2M | 20.3M | 21.6M | 18.6M | 21.4M | 22.5M | |
Total Current Assets | 10.3M | 12.2M | 14.1M | 15.1M | 17.3M | 13.6M | |
Short Term Debt | 2.5M | 4.2M | 4.2M | 4.8M | 5.5M | 3.1M | |
Non Currrent Assets Other | 93.8K | 299.0K | 630.2K | 1.7M | 2.0M | 2.1M | |
Accounts Payable | 2.0M | 1.7M | 2.6M | 2.3M | 2.0M | 2.1M | |
Other Assets | 1.9M | 3.3M | 2.9M | 2.7M | 3.1M | 3.2M | |
Long Term Debt | 2.7M | 2.6M | 2.9M | 2.6M | 3.0M | 3.9M | |
Common Stock | 44.7K | 45.8K | 50.1K | 51.1K | 58.7K | 37.9K | |
Property Plant Equipment | 5.4M | 5.2M | 5.8M | 7.2M | 8.2M | 6.0M | |
Net Tangible Assets | 11.8M | 9.9M | 10.4M | 11.2M | 10.0M | 11.7M | |
Current Deferred Revenue | 474.5K | 559.3K | 1.2M | 351.3K | 404.0K | 439.1K |
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Is Arts Way'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 Arts Way. If investors know Arts 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 Arts Way 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 0.584 | Revenue Per Share 5.768 | Quarterly Revenue Growth (0.19) | Return On Assets 0.0152 | Return On Equity (0) |
The market value of Arts Way Manufacturing is measured differently than its book value, which is the value of Arts that is recorded on the company's balance sheet. Investors also form their own opinion of Arts Way's value that differs from its market value or its book value, called intrinsic value, which is Arts Way'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 Arts Way's market value can be influenced by many factors that don't directly affect Arts Way'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 Arts Way's value and its price as these two are different measures arrived at by different means. Investors typically determine if Arts Way is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Arts Way'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.