Carpenter Financial Leverage vs Asset Turnover Analysis
CRS Stock | USD 77.76 0.24 0.31% |
Trend analysis of Carpenter Technology balance sheet accounts such as Short Long Term Debt Total of 446.1 M, Other Current Liabilities of 95.2 M or Total Current Liabilities of 297.6 M provides information on Carpenter Technology's total assets, liabilities, and equity, which is the actual value of Carpenter Technology to its prevalent stockholders. By breaking down trends over time using Carpenter Technology balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Carpenter |
About Carpenter Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Carpenter Technology at a specified time, usually calculated after every quarter, six months, or one year. Carpenter Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Carpenter Technology and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Carpenter currently owns. An asset can also be divided into two categories, current and non-current.
Carpenter Technology Balance Sheet Chart
Carpenter Technology Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Carpenter Technology uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Carpenter Technology's Current Deferred Revenue is comparatively stable compared to the past year. Total Permanent Equity is likely to gain to about 1.8 B in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 446.1 M in 2024. Add Fundamental
Total Assets
Total assets refers to the total amount of Carpenter Technology assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Carpenter Technology books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Carpenter Technology balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Carpenter Technology are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Carpenter Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Carpenter 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 Carpenter 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 metropolitan statistical area. For more information on how to buy Carpenter Stock please use our How to Invest in Carpenter Technology guide.At this time, Carpenter Technology's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.13 in 2024, whereas Enterprise Value Over EBITDA is likely to drop 8.21 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 149.8M | 337.3M | 387.9M | 293.4M | Total Revenue | 1.8B | 2.6B | 2.9B | 1.5B |
Carpenter Technology fundamental ratios Correlations
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Carpenter Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Carpenter Technology fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.2B | 3.0B | 2.9B | 3.1B | 3.5B | 2.0B | |
Short Long Term Debt Total | 721.8M | 694.5M | 701.7M | 693M | 797.0M | 446.1M | |
Other Current Liab | 145.6M | 146.3M | 109.2M | 158.2M | 181.9M | 95.2M | |
Total Current Liabilities | 452.1M | 306.3M | 375.6M | 459.4M | 528.3M | 297.6M | |
Total Stockholder Equity | 1.4B | 1.4B | 1.3B | 1.4B | 1.6B | 851.3M | |
Property Plant And Equipment Net | 1.4B | 1.5B | 1.4B | 1.4B | 1.6B | 862.8M | |
Net Debt | 528.7M | 407.1M | 547.5M | 648.5M | 745.8M | 783.1M | |
Retained Earnings | 1.6B | 1.3B | 1.2B | 1.2B | 1.4B | 772.7M | |
Cash | 193.1M | 287.4M | 154.2M | 44.5M | 51.2M | 48.6M | |
Non Current Assets Total | 2.0B | 1.9B | 1.8B | 1.8B | 2.0B | 1.2B | |
Non Currrent Assets Other | 255.9M | 90.6M | 104.7M | 111.5M | 128.2M | 163.9M | |
Cash And Short Term Investments | 193.1M | 287.4M | 154.2M | 44.5M | 51.2M | 48.6M | |
Net Receivables | 292.3M | 308.7M | 382.3M | 531.3M | 611.0M | 641.5M | |
Liabilities And Stockholders Equity | 3.2B | 3.0B | 2.9B | 3.1B | 3.5B | 2.0B | |
Non Current Liabilities Total | 1.3B | 1.3B | 1.2B | 1.2B | 1.4B | 820.1M | |
Inventory | 724.3M | 425.7M | 496.1M | 639.7M | 735.7M | 772.4M | |
Other Current Assets | 56.6M | 95.6M | 86.8M | 66.4M | 76.4M | 80.2M | |
Other Stockholder Equity | (4.4M) | 5.2M | 12.9M | 30.4M | 27.4M | 26.0M | |
Total Liab | 1.8B | 1.6B | 1.6B | 1.7B | 1.9B | 1.1B | |
Property Plant And Equipment Gross | 1.4B | 1.5B | 3.2B | 3.3B | 3.8B | 4.0B | |
Total Current Assets | 1.3B | 1.1B | 1.1B | 1.3B | 1.5B | 783.6M | |
Accumulated Other Comprehensive Income | (398M) | (192.3M) | (173.5M) | (143M) | (128.7M) | (135.1M) | |
Short Term Debt | 170M | 9M | 9.9M | 9.1M | 10.5M | 9.9M | |
Accounts Payable | 238.7M | 124.2M | 142.4M | 242.1M | 319.8M | 335.8M | |
Common Stock | 278.6M | 279M | 280.1M | 280.7M | 322.8M | 190.0M | |
Intangible Assets | 52.1M | 43.1M | 35.2M | 28.7M | 25.8M | 24.5M | |
Common Stock Total Equity | 278.6M | 279M | 280.1M | 280.7M | 322.8M | 243.1M | |
Other Liab | 727.3M | 578.1M | 534.4M | 461.8M | 531.1M | 468.6M | |
Other Assets | 65.5M | 111.8M | 115.5M | 118.1M | 106.3M | 133.4M | |
Long Term Debt | 551.8M | 694.5M | 691.8M | 693M | 797.0M | 501.7M | |
Good Will | 268.7M | 326.4M | 290.4M | 241.4M | 277.6M | 179.4M | |
Treasury Stock | (332.8M) | (325.8M) | (317.4M) | (307.4M) | (276.7M) | (290.5M) | |
Property Plant Equipment | 1.4B | 1.5B | 1.4B | 1.4B | 1.6B | 1.1B | |
Net Tangible Assets | 956.2M | 1.1B | 1.1B | 1.4B | 1.6B | 1.1B | |
Retained Earnings Total Equity | 1.6B | 1.3B | 1.2B | 1.2B | 1.4B | 1.4B | |
Long Term Debt Total | 551.8M | 694.5M | 691.8M | 693M | 797.0M | 627.7M |
Pair Trading with Carpenter Technology
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 Carpenter Technology 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 Carpenter Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Carpenter Stock
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Moving against Carpenter Stock
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0.7 | AP | Ampco Pittsburgh | PairCorr |
The ability to find closely correlated positions to Carpenter Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carpenter Technology 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 Carpenter Technology - 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 Carpenter Technology to buy it.
The correlation of Carpenter Technology 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 Carpenter Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carpenter Technology 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 Carpenter Technology 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carpenter 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 metropolitan statistical area. For more information on how to buy Carpenter Stock please use our How to Invest in Carpenter Technology guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Carpenter Stock analysis
When running Carpenter Technology's price analysis, check to measure Carpenter 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 Carpenter Technology is operating at the current time. Most of Carpenter Technology's value examination focuses on studying past and present price action to predict the probability of Carpenter 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 Carpenter Technology's price. Additionally, you may evaluate how the addition of Carpenter Technology to your portfolios can decrease your overall portfolio volatility.
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Is Carpenter 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 Carpenter Technology. If investors know Carpenter 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 Carpenter 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 5.8 | Dividend Share 0.8 | Earnings Share 2.89 | Revenue Per Share 55.43 | Quarterly Revenue Growth 0.078 |
The market value of Carpenter Technology is measured differently than its book value, which is the value of Carpenter that is recorded on the company's balance sheet. Investors also form their own opinion of Carpenter Technology's value that differs from its market value or its book value, called intrinsic value, which is Carpenter 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 Carpenter Technology's market value can be influenced by many factors that don't directly affect Carpenter 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 Carpenter Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carpenter Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carpenter 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.