Carpenter Interest Coverage vs Receivables Turnover Analysis

CRS Stock

USD 80.51 1.60 2.03%

Carpenter Technology financial indicator trend analysis is way more than just evaluating Carpenter Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Carpenter Technology is a good investment. Please check the relationship between Carpenter Technology Interest Coverage and its Receivables Turnover accounts. 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.

Interest Coverage vs Receivables Turnover

Interest Coverage vs Receivables Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Carpenter Technology Interest Coverage account and Receivables Turnover. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Carpenter Technology's Interest Coverage and Receivables Turnover is 0.46. Overlapping area represents the amount of variation of Interest Coverage that can explain the historical movement of Receivables Turnover in the same time period over historical financial statements of Carpenter Technology, assuming nothing else is changed. The correlation between historical values of Carpenter Technology's Interest Coverage and Receivables Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Coverage of Carpenter Technology are associated (or correlated) with its Receivables Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Receivables Turnover has no effect on the direction of Interest Coverage i.e., Carpenter Technology's Interest Coverage and Receivables Turnover go up and down completely randomly.

Correlation Coefficient

0.46

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Interest Coverage

Receivables Turnover

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 Selling General Administrative is likely to drop slightly above 153.1 M 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

Gross Profit Total Revenue

Carpenter 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	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Common Stock	Intangible Assets	Common Stock Total Equity
Total Assets		0.89	0.35	0.75	0.97	0.94	0.46	0.95	0.28	0.98	0.58	0.28	0.42	0.81	0.95	0.7	0.34	-0.62	0.98	0.25	0.96	0.06	0.47	0.97	0.33	0.96
Short Long Term Debt Total	0.89		0.41	0.55	0.86	0.94	0.59	0.8	0.28	0.91	0.48	0.28	0.43	0.75	0.91	0.49	0.57	-0.62	0.89	0.44	0.81	-0.02	0.37	0.84	-0.02	0.86
Other Current Liab	0.35	0.41		0.37	0.36	0.26	0.24	0.3	0.17	0.28	0.28	0.17	0.4	0.15	0.27	0.18	0.37	-0.29	0.33	0.32	0.44	-0.4	0.23	0.28	-0.23	0.32
Total Current Liabilities	0.75	0.55	0.37		0.7	0.53	0.22	0.64	0.28	0.62	0.39	0.28	0.51	0.67	0.58	0.67	0.1	-0.22	0.76	0.25	0.89	0.16	0.61	0.76	0.45	0.77
Total Stockholder Equity	0.97	0.86	0.36	0.7		0.92	0.43	0.93	0.24	0.95	0.57	0.24	0.42	0.79	0.87	0.65	0.33	-0.53	0.9	0.23	0.92	0.01	0.46	0.91	0.29	0.9
Property Plant And Equipment Net	0.94	0.94	0.26	0.53	0.92		0.54	0.89	0.18	0.98	0.48	0.18	0.35	0.75	0.94	0.54	0.46	-0.67	0.91	0.3	0.82	-0.05	0.36	0.89	0.13	0.89
Net Debt	0.46	0.59	0.24	0.22	0.43	0.54		0.37	-0.39	0.51	0.57	-0.39	0.78	0.52	0.5	0.62	0.61	-0.63	0.46	0.82	0.35	-0.37	0.62	0.45	-0.44	0.52
Retained Earnings	0.95	0.8	0.3	0.64	0.93	0.89	0.37		0.22	0.96	0.68	0.22	0.25	0.66	0.93	0.7	0.22	-0.69	0.93	0.05	0.87	0.12	0.29	0.91	0.4	0.88
Cash	0.28	0.28	0.17	0.28	0.24	0.18	-0.39	0.22		0.21	-0.04	1.0	-0.15	0.25	0.26	-0.07	0.15	0.07	0.29	-0.22	0.35	0.39	-0.08	0.34	0.44	0.29
Non Current Assets Total	0.98	0.91	0.28	0.62	0.95	0.98	0.51	0.96	0.21		0.61	0.21	0.35	0.76	0.97	0.66	0.39	-0.7	0.96	0.23	0.88	0.04	0.38	0.94	0.26	0.93
Non Currrent Assets Other	0.58	0.48	0.28	0.39	0.57	0.48	0.57	0.68	-0.04	0.61		-0.04	0.37	0.33	0.56	0.74	0.3	-0.66	0.56	0.22	0.49	0.09	0.25	0.53	0.04	0.54
Cash And Short Term Investments	0.28	0.28	0.17	0.28	0.24	0.18	-0.39	0.22	1.0	0.21	-0.04		-0.15	0.25	0.26	-0.07	0.15	0.07	0.29	-0.22	0.35	0.39	-0.08	0.34	0.44	0.29
Net Receivables	0.42	0.43	0.4	0.51	0.42	0.35	0.78	0.25	-0.15	0.35	0.37	-0.15		0.6	0.32	0.63	0.57	-0.34	0.4	0.88	0.49	-0.45	0.9	0.47	-0.23	0.56
Common Stock Shares Outstanding	0.81	0.75	0.15	0.67	0.79	0.75	0.52	0.66	0.25	0.76	0.33	0.25	0.6		0.74	0.71	0.24	-0.3	0.79	0.42	0.82	0.17	0.7	0.83	0.33	0.86
Non Current Liabilities Total	0.95	0.91	0.27	0.58	0.87	0.94	0.5	0.93	0.26	0.97	0.56	0.26	0.32	0.74		0.64	0.38	-0.77	0.97	0.22	0.85	0.08	0.34	0.94	0.28	0.93
Inventory	0.7	0.49	0.18	0.67	0.65	0.54	0.62	0.7	-0.07	0.66	0.74	-0.07	0.63	0.71	0.64		0.11	-0.55	0.71	0.33	0.71	0.13	0.7	0.73	0.37	0.75
Other Current Assets	0.34	0.57	0.37	0.1	0.33	0.46	0.61	0.22	0.15	0.39	0.3	0.15	0.57	0.24	0.38	0.11		-0.56	0.34	0.73	0.26	-0.6	0.32	0.37	-0.55	0.43
Other Stockholder Equity	-0.62	-0.62	-0.29	-0.22	-0.53	-0.67	-0.63	-0.69	0.07	-0.7	-0.66	0.07	-0.34	-0.3	-0.77	-0.55	-0.56		-0.68	-0.31	-0.46	0.3	-0.21	-0.66	0.06	-0.66
Total Liab	0.98	0.89	0.33	0.76	0.9	0.91	0.46	0.93	0.29	0.96	0.56	0.29	0.4	0.79	0.97	0.71	0.34	-0.68		0.25	0.94	0.11	0.45	0.98	0.35	0.97
Property Plant And Equipment Gross	0.25	0.44	0.32	0.25	0.23	0.3	0.82	0.05	-0.22	0.23	0.22	-0.22	0.88	0.42	0.22	0.33	0.73	-0.31	0.25		0.26	-0.53	0.72	0.28	-0.56	0.37
Total Current Assets	0.96	0.81	0.44	0.89	0.92	0.82	0.35	0.87	0.35	0.88	0.49	0.35	0.49	0.82	0.85	0.71	0.26	-0.46	0.94	0.26		0.09	0.56	0.94	0.42	0.94
Short Term Debt	0.06	-0.02	-0.4	0.16	0.01	-0.05	-0.37	0.12	0.39	0.04	0.09	0.39	-0.45	0.17	0.08	0.13	-0.6	0.3	0.11	-0.53	0.09		-0.27	0.06	0.59	0.0
Accounts Payable	0.47	0.37	0.23	0.61	0.46	0.36	0.62	0.29	-0.08	0.38	0.25	-0.08	0.9	0.7	0.34	0.7	0.32	-0.21	0.45	0.72	0.56	-0.27		0.54	0.08	0.6
Common Stock	0.97	0.84	0.28	0.76	0.91	0.89	0.45	0.91	0.34	0.94	0.53	0.34	0.47	0.83	0.94	0.73	0.37	-0.66	0.98	0.28	0.94	0.06	0.54		0.42	0.99
Intangible Assets	0.33	-0.02	-0.23	0.45	0.29	0.13	-0.44	0.4	0.44	0.26	0.04	0.44	-0.23	0.33	0.28	0.37	-0.55	0.06	0.35	-0.56	0.42	0.59	0.08	0.42		0.33
Common Stock Total Equity	0.96	0.86	0.32	0.77	0.9	0.89	0.52	0.88	0.29	0.93	0.54	0.29	0.56	0.86	0.93	0.75	0.43	-0.66	0.97	0.37	0.94	0.0	0.6	0.99	0.33

Click cells to compare fundamentals

Carpenter Technology Account Relationship Matchups

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

Carpenter Technology Investors Sentiment

The influence of Carpenter Technology's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Carpenter. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Carpenter Technology's public news can be used to forecast risks associated with an investment in Carpenter. The trend in average sentiment can be used to explain how an investor holding Carpenter can time the market purely based on public headlines and social activities around Carpenter Technology. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Carpenter Technology's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Carpenter Technology's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Carpenter Technology's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Carpenter Technology.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Carpenter Technology in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Carpenter Technology's short interest history, or implied volatility extrapolated from Carpenter Technology options trading.

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

0.83	TG	Tredegar	Pair Corr
0.82	ESAB	ESAB Corp Earnings Call This Week	Pair Corr
0.74	ATI	Allegheny Technologies Earnings Call This Week	Pair Corr

Moving against Carpenter Stock

0.82	SGBX	SG Blocks	Pair Corr
0.77	PRLB	Proto Labs Financial Report 3rd of May 2024	Pair Corr
0.74	AP	Ampco Pittsburgh	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Carpenter Technology is a strong investment it is important to analyze Carpenter Technology's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Carpenter Technology's future performance. For an informed investment choice regarding Carpenter Stock, refer to the following important reports:

How To Invest In Carpenter

Details

Is Carpenter Stock a good investment?

Details

What is Carpenter Technology's Net Worth?

Details

Largest Metals & Mining Companies

View

Largest Metal Fabrication Companies

View

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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

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.

	Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
	Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
	Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
	Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon
	Content Syndication Quickly integrate customizable finance content to your own investment portal
	Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
	FinTech Suite Use AI to screen and filter profitable investment opportunities
	Commodity Directory Find actively traded commodities issued by global exchanges

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Carpenter Interest Coverage vs Receivables Turnover Analysis

Interest Coverage vs Receivables Turnover

Interest Coverage vs Receivables Turnover Correlation Analysis

Correlation Coefficient

Interest Coverage

Receivables Turnover

Carpenter Technology fundamental ratios Correlations

Carpenter Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Carpenter Technology fundamental ratios Accounts

Carpenter Technology Investors Sentiment

Pair Trading with Carpenter Technology

Moving together with Carpenter Stock

Moving against Carpenter Stock

Complementary Tools for Carpenter Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock Total Equity	+ 0.99	Common Stock
Non Current Assets Total	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Property Plant And Equipment Net
Common Stock	+ 0.98	Total Liab

Other Stockholder Equity	- 0.77	Non Current Liabilities Total
Other Stockholder Equity	- 0.7	Non Current Assets Total
Other Stockholder Equity	- 0.69	Retained Earnings
Total Liab	- 0.68	Other Stockholder Equity
Other Stockholder Equity	- 0.67	Property Plant And Equipment Net
Common Stock Total Equity	- 0.66	Other Stockholder Equity