Axalta Net Receivables vs Retained Earnings Analysis

AXTA Stock

USD 34.83 0.37 1.05%

Axalta Coating financial indicator trend analysis is way more than just evaluating Axalta Coating Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Axalta Coating Systems is a good investment. Please check the relationship between Axalta Coating Net Receivables and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Axalta Coating Systems. 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.

Net Receivables vs Retained Earnings

Net Receivables vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Axalta Coating Systems Net Receivables account and Retained Earnings. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Axalta Coating's Net Receivables and Retained Earnings is 0.83. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Axalta Coating Systems, assuming nothing else is changed. The correlation between historical values of Axalta Coating's Net Receivables and Retained Earnings 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 Axalta Coating Systems are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Receivables i.e., Axalta Coating's Net Receivables and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Receivables

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.

Most indicators from Axalta Coating's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Axalta Coating Systems 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 Axalta Coating Systems. 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 present, Axalta Coating's Enterprise Value Over EBITDA is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 15.47, whereas Selling General Administrative is forecasted to decline to about 705.4 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.4B	1.4B	5.2B	5.4B
Total Revenue	4.4B	4.9B	5.2B	4.8B

Gross Profit Total Revenue

Axalta Coating fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	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 Shares Outstanding		-0.07	0.04	-0.46	-0.29	-0.39	-0.07	0.28	0.45	0.03	-0.27	0.06	-0.03	-0.09	-0.02	0.06	-0.46	-0.17	0.02	-0.33	-0.13	0.27	-0.02	-0.29	-0.14	-0.06
Total Assets	-0.07		0.98	0.61	0.83	-0.42	0.42	0.77	-0.39	0.94	0.75	0.84	0.98	0.84	0.94	0.84	0.49	0.92	0.98	0.72	0.75	-0.92	0.99	0.77	0.9	0.91
Short Long Term Debt Total	0.04	0.98		0.47	0.7	-0.6	0.31	0.86	-0.26	0.98	0.63	0.8	0.99	0.8	0.95	0.8	0.33	0.82	1.0	0.6	0.73	-0.84	0.99	0.67	0.8	0.87
Other Current Liab	-0.46	0.61	0.47		0.81	0.33	0.66	0.03	-0.92	0.37	0.74	0.69	0.48	0.67	0.48	0.69	0.68	0.77	0.48	0.71	0.66	-0.75	0.54	0.63	0.83	0.62
Total Current Liabilities	-0.29	0.83	0.7	0.81		0.11	0.55	0.4	-0.63	0.65	0.96	0.7	0.73	0.77	0.68	0.7	0.83	0.97	0.71	0.93	0.65	-0.94	0.77	0.92	0.92	0.79
Total Stockholder Equity	-0.39	-0.42	-0.6	0.33	0.11		0.3	-0.78	-0.4	-0.67	0.11	-0.21	-0.56	-0.27	-0.56	-0.21	0.43	-0.07	-0.59	0.11	-0.31	0.17	-0.52	-0.01	-0.04	-0.33
Other Liab	-0.07	0.42	0.31	0.66	0.55	0.3		-0.06	-0.49	0.16	0.51	0.74	0.29	0.5	0.38	0.74	0.29	0.54	0.32	0.3	0.31	-0.4	0.36	0.32	0.66	0.54
Property Plant And Equipment Net	0.28	0.77	0.86	0.03	0.4	-0.78	-0.06		0.16	0.91	0.31	0.48	0.86	0.53	0.83	0.48	0.14	0.54	0.86	0.32	0.49	-0.6	0.83	0.5	0.46	0.68
Current Deferred Revenue	0.45	-0.39	-0.26	-0.92	-0.63	-0.4	-0.49	0.16		-0.17	-0.61	-0.48	-0.25	-0.43	-0.26	-0.48	-0.61	-0.57	-0.27	-0.61	-0.61	0.58	-0.32	-0.46	-0.64	-0.4
Net Debt	0.03	0.94	0.98	0.37	0.65	-0.67	0.16	0.91	-0.17		0.59	0.68	0.99	0.75	0.93	0.68	0.31	0.77	0.98	0.58	0.69	-0.82	0.97	0.68	0.71	0.84
Accounts Payable	-0.27	0.75	0.63	0.74	0.96	0.11	0.51	0.31	-0.61	0.59		0.61	0.66	0.7	0.58	0.61	0.79	0.92	0.63	0.95	0.63	-0.89	0.69	0.9	0.85	0.7
Cash	0.06	0.84	0.8	0.69	0.7	-0.21	0.74	0.48	-0.48	0.68	0.61		0.75	0.77	0.77	1.0	0.3	0.78	0.8	0.5	0.67	-0.71	0.82	0.48	0.91	0.77
Non Current Assets Total	-0.03	0.98	0.99	0.48	0.73	-0.56	0.29	0.86	-0.25	0.99	0.66	0.75		0.81	0.95	0.75	0.4	0.85	0.99	0.64	0.7	-0.87	0.99	0.73	0.79	0.89
Non Currrent Assets Other	-0.09	0.84	0.8	0.67	0.77	-0.27	0.5	0.53	-0.43	0.75	0.7	0.77	0.81		0.81	0.77	0.33	0.84	0.81	0.64	0.76	-0.82	0.83	0.72	0.79	0.88
Other Assets	-0.02	0.94	0.95	0.48	0.68	-0.56	0.38	0.83	-0.26	0.93	0.58	0.77	0.95	0.81		0.77	0.33	0.78	0.96	0.51	0.7	-0.83	0.95	0.68	0.76	0.9
Cash And Short Term Investments	0.06	0.84	0.8	0.69	0.7	-0.21	0.74	0.48	-0.48	0.68	0.61	1.0	0.75	0.77	0.77		0.3	0.78	0.8	0.5	0.67	-0.71	0.82	0.48	0.91	0.77
Net Receivables	-0.46	0.49	0.33	0.68	0.83	0.43	0.29	0.14	-0.61	0.31	0.79	0.3	0.4	0.33	0.33	0.3		0.72	0.34	0.84	0.34	-0.72	0.41	0.81	0.64	0.44
Good Will	-0.17	0.92	0.82	0.77	0.97	-0.07	0.54	0.54	-0.57	0.77	0.92	0.78	0.85	0.84	0.78	0.78	0.72		0.83	0.88	0.7	-0.95	0.87	0.9	0.94	0.88
Non Current Liabilities Total	0.02	0.98	1.0	0.48	0.71	-0.59	0.32	0.86	-0.27	0.98	0.63	0.8	0.99	0.81	0.96	0.8	0.34	0.83		0.6	0.73	-0.85	1.0	0.67	0.81	0.88
Inventory	-0.33	0.72	0.6	0.71	0.93	0.11	0.3	0.32	-0.61	0.58	0.95	0.5	0.64	0.64	0.51	0.5	0.84	0.88	0.6		0.6	-0.88	0.66	0.9	0.79	0.61
Other Current Assets	-0.13	0.75	0.73	0.66	0.65	-0.31	0.31	0.49	-0.61	0.69	0.63	0.67	0.7	0.76	0.7	0.67	0.34	0.7	0.73	0.6		-0.79	0.75	0.6	0.74	0.77
Other Stockholder Equity	0.27	-0.92	-0.84	-0.75	-0.94	0.17	-0.4	-0.6	0.58	-0.82	-0.89	-0.71	-0.87	-0.82	-0.83	-0.71	-0.72	-0.95	-0.85	-0.88	-0.79		-0.89	-0.92	-0.9	-0.86
Total Liab	-0.02	0.99	0.99	0.54	0.77	-0.52	0.36	0.83	-0.32	0.97	0.69	0.82	0.99	0.83	0.95	0.82	0.41	0.87	1.0	0.66	0.75	-0.89		0.73	0.85	0.9
Property Plant And Equipment Gross	-0.29	0.77	0.67	0.63	0.92	-0.01	0.32	0.5	-0.46	0.68	0.9	0.48	0.73	0.72	0.68	0.48	0.81	0.9	0.67	0.9	0.6	-0.92	0.73		0.75	0.78
Total Current Assets	-0.14	0.9	0.8	0.83	0.92	-0.04	0.66	0.46	-0.64	0.71	0.85	0.91	0.79	0.79	0.76	0.91	0.64	0.94	0.81	0.79	0.74	-0.9	0.85	0.75		0.82
Short Term Debt	-0.06	0.91	0.87	0.62	0.79	-0.33	0.54	0.68	-0.4	0.84	0.7	0.77	0.89	0.88	0.9	0.77	0.44	0.88	0.88	0.61	0.77	-0.86	0.9	0.78	0.82

Click cells to compare fundamentals

Axalta Coating Account Relationship Matchups

Axalta Coating fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	235.8M	236M	231.9M	222.3M	221.9M	187.0M
Total Assets	6.8B	7.2B	7.2B	7.1B	7.3B	7.0B
Short Long Term Debt Total	3.8B	3.9B	3.8B	3.7B	3.5B	3.7B
Other Current Liab	545.3M	562.3M	597.8M	458.1M	676.9M	710.7M
Total Current Liabilities	1.1B	1.2B	1.3B	1.4B	1.4B	1.2B
Total Stockholder Equity	1.4B	1.4B	1.5B	1.5B	1.7B	1.5B
Other Liab	454.1M	658M	593.7M	425.8M	489.7M	497.1M
Property Plant And Equipment Net	1.2B	1.2B	1.2B	1.2B	1.3B	1.0B
Net Debt	2.8B	2.5B	3.0B	3.1B	2.8B	3.0B
Accounts Payable	483.7M	564.4M	657.4M	733.5M	665.3M	588.9M
Cash	1.0B	1.4B	840.6M	645.2M	699.8M	725.8M
Non Current Assets Total	4.2B	4.2B	4.6B	4.4B	4.5B	4.5B
Non Currrent Assets Other	424.9M	367.8M	584.5M	399.8M	249.5M	333.3M
Other Assets	491M	596M	584.5M	462.4M	531.8M	531.5M
Cash And Short Term Investments	1.0B	1.4B	840.6M	645.2M	699.8M	725.8M
Net Receivables	830.1M	869.8M	937.5M	1.1B	1.3B	986.1M
Good Will	1.2B	1.3B	1.6B	1.5B	1.6B	1.3B
Liabilities And Stockholders Equity	6.8B	7.2B	7.2B	7.1B	7.3B	7.0B
Non Current Liabilities Total	4.3B	4.5B	4.3B	4.2B	4.1B	4.3B
Inventory	591.6M	559.9M	669.7M	829.6M	741.1M	663.1M
Other Current Assets	134.2M	135.3M	127.8M	140.8M	117.2M	120.4M
Other Stockholder Equity	1.1B	1.0B	828.3M	649.2M	631.6M	881.2M
Total Liab	5.4B	5.7B	5.7B	5.6B	5.5B	5.5B
Property Plant And Equipment Gross	1.3B	1.3B	2.4B	2.5B	2.6B	1.8B
Total Current Assets	2.6B	2.9B	2.6B	2.7B	2.8B	2.5B
Accumulated Other Comprehensive Income	(395.5M)	(424.8M)	(414.4M)	(466.9M)	(444.2M)	(466.4M)
Short Term Debt	42.2M	43.9M	54.2M	79.7M	56.9M	47.6M
Intangible Assets	1.2B	1.1B	1.3B	1.1B	1.1B	1.3B
Property Plant Equipment	1.2B	1.2B	1.2B	1.2B	1.1B	1.0B
Retained Earnings	443.2M	563.3M	827.2M	1.0B	1.3B	1.4B
Long Term Debt	3.8B	3.8B	3.7B	3.7B	3.5B	4.0B
Common Stock Total Equity	249.9M	250.9M	251.8M	252.4M	290.3M	267.1M
Common Stock	249.9M	250.9M	251.8M	252.4M	253.7M	268.2M
Net Tangible Assets	(1.1B)	(1.0B)	(1.4B)	(1.2B)	(1.0B)	(1.1B)
Noncontrolling Interest In Consolidated Entity	55.4M	46.8M	45.8M	46M	41.4M	61.1M
Retained Earnings Total Equity	443.2M	563.3M	827.2M	1.0B	1.2B	1.2B
Long Term Debt Total	3.8B	3.8B	3.7B	3.7B	4.2B	4.0B

Pair Trading with Axalta Coating

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 Axalta Coating 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 Axalta Coating will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Axalta Coating could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Axalta Coating 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 Axalta Coating - 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 Axalta Coating Systems to buy it.

The correlation of Axalta Coating 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 Axalta Coating moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axalta Coating Systems 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 Axalta Coating 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.

Pair Correlation Correlation Matching

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

How To Invest In Axalta

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Is Axalta Stock a good investment?

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What is Axalta Coating's Net Worth?

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Complementary Tools for Axalta Stock analysis

When running Axalta Coating's price analysis, check to measure Axalta Coating'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 Axalta Coating is operating at the current time. Most of Axalta Coating's value examination focuses on studying past and present price action to predict the probability of Axalta Coating's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Axalta Coating's price. Additionally, you may evaluate how the addition of Axalta Coating to your portfolios can decrease your overall portfolio volatility.

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Is Axalta Coating'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 Axalta Coating. If investors know Axalta 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 Axalta Coating 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

(0.33)

Earnings Share

1.12

Revenue Per Share

23.527

Quarterly Revenue Growth

0.008

Return On Assets

0.0591

The market value of Axalta Coating Systems is measured differently than its book value, which is the value of Axalta that is recorded on the company's balance sheet. Investors also form their own opinion of Axalta Coating's value that differs from its market value or its book value, called intrinsic value, which is Axalta Coating'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 Axalta Coating's market value can be influenced by many factors that don't directly affect Axalta Coating'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 Axalta Coating's value and its price as these two are different measures arrived at by different means. Investors typically determine if Axalta Coating is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axalta Coating'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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Axalta Net Receivables vs Retained Earnings Analysis

Net Receivables vs Retained Earnings

Net Receivables vs Retained Earnings Correlation Analysis

Correlation Coefficient

Net Receivables

Retained Earnings

Axalta Coating fundamental ratios Correlations

Axalta Coating Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Axalta Coating fundamental ratios Accounts

Pair Trading with Axalta Coating

Complementary Tools for Axalta Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total
Total Liab	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Short Long Term Debt Total

Other Stockholder Equity	- 0.95	Good Will
Other Stockholder Equity	- 0.94	Total Current Liabilities
Property Plant And Equipment Gross	- 0.92	Other Stockholder Equity
Current Deferred Revenue	- 0.92	Other Current Liab
Other Stockholder Equity	- 0.92	Total Assets
Total Current Assets	- 0.9	Other Stockholder Equity