Elbit Cash vs Inventory Analysis

ESLT Stock

USD 184.25 0.55 0.30%

Elbit Systems financial indicator trend analysis is much more than just examining Elbit Systems latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elbit Systems is a good investment. Please check the relationship between Elbit Systems Cash and its Inventory accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elbit Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Elbit Stock please use our How to Invest in Elbit Systems guide.

Cash vs Inventory

Cash vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elbit Systems Cash account and Inventory. At this time, the significance of the direction appears to have weak relationship.

The correlation between Elbit Systems' Cash and Inventory is 0.32. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Inventory in the same time period over historical financial statements of Elbit Systems, assuming nothing else is changed. The correlation between historical values of Elbit Systems' Cash and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Elbit Systems are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Cash i.e., Elbit Systems' Cash and Inventory go up and down completely randomly.

Correlation Coefficient

0.32

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Cash

Cash refers to the most liquid asset of Elbit Systems, which is listed under current asset account on Elbit Systems balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Elbit Systems customers. The amounts must be unrestricted with restricted cash listed in a different Elbit Systems account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Inventory

Most indicators from Elbit Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elbit 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elbit Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Elbit Stock please use our How to Invest in Elbit Systems guide.At this time, Elbit Systems' Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 20.74 in 2024, whereas Tax Provision is likely to drop slightly above 22.2 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.4B	1.4B	1.5B	1.6B
Total Revenue	5.3B	5.5B	6.1B	6.4B

Gross Profit Total Revenue

Elbit Systems 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	Accounts Payable	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	Total Current Assets	Short Term Debt	Common Stock	Other Liab	Other Assets	Long Term Debt
Total Assets		0.96	0.81	0.99	0.98	0.98	0.95	0.98	0.98	0.46	0.99	0.32	0.25	0.98	0.64	0.79	0.96	0.72	0.88	1.0	1.0	0.79	0.69	0.82	0.85	0.46
Short Long Term Debt Total	0.96		0.76	0.95	0.91	0.98	0.99	0.89	0.92	0.44	0.97	0.22	0.26	0.92	0.6	0.81	0.92	0.75	0.88	0.97	0.95	0.76	0.65	0.8	0.74	0.56
Other Current Liab	0.81	0.76		0.76	0.78	0.74	0.71	0.8	0.76	0.72	0.85	0.57	0.5	0.82	0.79	0.94	0.67	0.83	0.92	0.82	0.78	0.45	0.79	0.97	0.78	0.59
Total Current Liabilities	0.99	0.95	0.76		0.98	0.98	0.94	0.98	0.99	0.37	0.97	0.24	0.16	0.97	0.58	0.72	0.98	0.66	0.84	0.99	1.0	0.84	0.63	0.76	0.85	0.38
Total Stockholder Equity	0.98	0.91	0.78	0.98		0.95	0.9	1.0	0.98	0.44	0.96	0.31	0.24	0.97	0.64	0.7	0.96	0.64	0.85	0.97	0.99	0.82	0.7	0.76	0.86	0.35
Property Plant And Equipment Net	0.98	0.98	0.74	0.98	0.95		0.98	0.94	0.96	0.38	0.97	0.17	0.17	0.96	0.55	0.75	0.96	0.69	0.87	0.98	0.98	0.83	0.61	0.77	0.77	0.42
Net Debt	0.95	0.99	0.71	0.94	0.9	0.98		0.87	0.92	0.32	0.95	0.17	0.15	0.91	0.52	0.77	0.92	0.72	0.84	0.96	0.94	0.78	0.57	0.75	0.72	0.52
Retained Earnings	0.98	0.89	0.8	0.98	1.0	0.94	0.87		0.98	0.45	0.96	0.35	0.24	0.98	0.64	0.71	0.95	0.64	0.84	0.96	0.98	0.81	0.7	0.78	0.88	0.34
Accounts Payable	0.98	0.92	0.76	0.99	0.98	0.96	0.92	0.98		0.34	0.96	0.26	0.1	0.98	0.54	0.69	0.94	0.64	0.83	0.97	0.98	0.86	0.6	0.77	0.88	0.28
Cash	0.46	0.44	0.72	0.37	0.44	0.38	0.32	0.45	0.34		0.49	0.48	0.9	0.44	0.82	0.66	0.32	0.54	0.62	0.46	0.43	0.14	0.81	0.66	0.39	0.52
Non Current Assets Total	0.99	0.97	0.85	0.97	0.96	0.97	0.95	0.96	0.96	0.49		0.38	0.28	0.97	0.66	0.83	0.93	0.75	0.9	1.0	0.98	0.76	0.71	0.86	0.86	0.52
Non Currrent Assets Other	0.32	0.22	0.57	0.24	0.31	0.17	0.17	0.35	0.26	0.48	0.38		0.46	0.36	0.52	0.5	0.14	0.34	0.3	0.32	0.27	-0.04	0.54	0.51	0.59	0.46
Cash And Short Term Investments	0.25	0.26	0.5	0.16	0.24	0.17	0.15	0.24	0.1	0.9	0.28	0.46		0.19	0.79	0.46	0.16	0.37	0.39	0.25	0.23	-0.02	0.77	0.41	0.2	0.53
Net Receivables	0.98	0.92	0.82	0.97	0.97	0.96	0.91	0.98	0.98	0.44	0.97	0.36	0.19		0.57	0.78	0.92	0.73	0.88	0.98	0.98	0.75	0.63	0.83	0.85	0.4
Common Stock Shares Outstanding	0.64	0.6	0.79	0.58	0.64	0.55	0.52	0.64	0.54	0.82	0.66	0.52	0.79	0.57		0.66	0.57	0.53	0.7	0.63	0.61	0.38	0.99	0.67	0.63	0.56
Non Current Liabilities Total	0.79	0.81	0.94	0.72	0.7	0.75	0.77	0.71	0.69	0.66	0.83	0.5	0.46	0.78	0.66		0.62	0.91	0.91	0.81	0.74	0.36	0.67	0.96	0.64	0.75
Inventory	0.96	0.92	0.67	0.98	0.96	0.96	0.92	0.95	0.94	0.32	0.93	0.14	0.16	0.92	0.57	0.62		0.58	0.77	0.95	0.98	0.84	0.62	0.66	0.78	0.37
Other Current Assets	0.72	0.75	0.83	0.66	0.64	0.69	0.72	0.64	0.64	0.54	0.75	0.34	0.37	0.73	0.53	0.91	0.58		0.84	0.74	0.69	0.29	0.54	0.85	0.48	0.69
Other Stockholder Equity	0.88	0.88	0.92	0.84	0.85	0.87	0.84	0.84	0.83	0.62	0.9	0.3	0.39	0.88	0.7	0.91	0.77	0.84		0.88	0.86	0.6	0.72	0.92	0.68	0.52
Total Liab	1.0	0.97	0.82	0.99	0.97	0.98	0.96	0.96	0.97	0.46	1.0	0.32	0.25	0.98	0.63	0.81	0.95	0.74	0.88		0.99	0.77	0.68	0.83	0.84	0.5
Total Current Assets	1.0	0.95	0.78	1.0	0.99	0.98	0.94	0.98	0.98	0.43	0.98	0.27	0.23	0.98	0.61	0.74	0.98	0.69	0.86	0.99		0.81	0.67	0.78	0.83	0.41
Short Term Debt	0.79	0.76	0.45	0.84	0.82	0.83	0.78	0.81	0.86	0.14	0.76	-0.04	-0.02	0.75	0.38	0.36	0.84	0.29	0.6	0.77	0.81		0.45	0.5	0.73	-0.07
Common Stock	0.69	0.65	0.79	0.63	0.7	0.61	0.57	0.7	0.6	0.81	0.71	0.54	0.77	0.63	0.99	0.67	0.62	0.54	0.72	0.68	0.67	0.45		0.68	0.68	0.55
Other Liab	0.82	0.8	0.97	0.76	0.76	0.77	0.75	0.78	0.77	0.66	0.86	0.51	0.41	0.83	0.67	0.96	0.66	0.85	0.92	0.83	0.78	0.5	0.68		0.76	0.56
Other Assets	0.85	0.74	0.78	0.85	0.86	0.77	0.72	0.88	0.88	0.39	0.86	0.59	0.2	0.85	0.63	0.64	0.78	0.48	0.68	0.84	0.83	0.73	0.68	0.76		0.27
Long Term Debt	0.46	0.56	0.59	0.38	0.35	0.42	0.52	0.34	0.28	0.52	0.52	0.46	0.53	0.4	0.56	0.75	0.37	0.69	0.52	0.5	0.41	-0.07	0.55	0.56	0.27

Click cells to compare fundamentals

Elbit Systems Account Relationship Matchups

Elbit Systems fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.3B	8.1B	9.3B	9.2B	9.7B	10.1B
Short Long Term Debt Total	1.2B	1.2B	1.5B	1.3B	1.5B	1.5B
Other Current Liab	1.1B	1.2B	1.3B	1.2B	1.2B	730.1M
Total Current Liabilities	3.2B	3.6B	4.0B	4.3B	4.8B	5.0B
Total Stockholder Equity	2.1B	2.2B	2.5B	2.8B	2.9B	3.1B
Property Plant And Equipment Net	1.1B	1.2B	1.3B	1.4B	1.5B	1.6B
Net Debt	1.0B	924.4M	1.2B	1.1B	1.3B	1.3B
Retained Earnings	1.9B	2.0B	2.2B	2.4B	2.5B	2.6B
Accounts Payable	926.3M	1.0B	1.0B	1.1B	1.2B	1.3B
Cash	221.1M	278.8M	259.0M	211.1M	195.8M	170.1M
Non Current Assets Total	3.7B	3.8B	4.3B	4.2B	4.2B	4.4B
Non Currrent Assets Other	546.3M	605.8M	617.3M	601.8M	200.0M	386.8M
Cash And Short Term Investments	223.3M	280.3M	260.2M	212.1M	206.2M	201.3M
Net Receivables	2.2B	2.7B	3.0B	2.9B	2.8B	3.0B
Common Stock Shares Outstanding	43.8M	44.2M	44.3M	44.6M	44.6M	43.3M
Liabilities And Stockholders Equity	7.3B	8.1B	9.3B	9.2B	9.7B	10.1B
Non Current Liabilities Total	2.0B	2.2B	2.7B	2.2B	1.9B	1.1B
Inventory	1.2B	1.3B	1.7B	1.9B	2.3B	2.4B
Other Current Assets	162.9M	157.9M	280.4M	164.8M	160.1M	83.2M
Other Stockholder Equity	411.6M	415.7M	421.0M	431.4M	439.9M	273.2M
Total Liab	5.2B	5.8B	6.8B	6.5B	6.7B	7.1B
Total Current Assets	3.7B	4.3B	5.0B	5.0B	5.5B	5.7B
Short Term Debt	470.8M	396.5M	183.1M	261.0M	713.3M	749.0M
Accumulated Other Comprehensive Income	(145.0M)	(211.2M)	(97.9M)	(71.6M)	(17.6M)	(18.5M)
Other Liab	1.2B	1.4B	1.5B	1.2B	1.3B	674.8M
Other Assets	692.4M	775.6M	682.5M	727.4M	836.5M	878.3M
Long Term Debt	440.1M	408.8M	884.9M	680.1M	384.1M	399.6M
Good Will	1.3B	1.3B	1.6B	1.5B	1.5B	1.6B
Intangible Assets	310.8M	290.8M	473.9M	435.1M	390.5M	237.3M
Property Plant Equipment	1.1B	1.2B	1.3B	1.4B	1.6B	1.6B
Current Deferred Revenue	723.6M	1.0B	1.5B	1.8B	1.6B	1.7B
Short Term Investments	2.2M	1.5M	1.2M	1.0M	10.4M	9.9M
Property Plant And Equipment Gross	1.1B	1.2B	1.3B	1.4B	3.0B	3.1B
Net Tangible Assets	505.5M	621.1M	512.0M	820.0M	943.0M	719.0M
Long Term Investments	212.1M	195.6M	316.1M	272.1M	152.5M	217.4M
Short Long Term Debt	408.3M	331.0M	106.4M	191.6M	651.9M	684.5M

Pair Trading with Elbit Systems

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 Elbit Systems 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 Elbit Systems will appreciate offsetting losses from the drop in the long position's value.

Moving against Elbit Stock

0.66	DCO	Ducommun Incorporated	Pair Corr
0.63	GD	General Dynamics Financial Report 24th of July 2024	Pair Corr
0.58	GE	GE Aerospace Financial Report 23rd of July 2024	Pair Corr
0.56	CW	Curtiss Wright	Pair Corr
0.53	DPRO	Draganfly	Pair Corr

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

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

Additional Tools for Elbit Stock Analysis

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

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