Fastenal Property Plant And Equipment Net vs Net Debt Analysis
FAST Stock | USD 64.86 0.41 0.64% |
Fastenal financial indicator trend analysis is much more than just examining Fastenal latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fastenal is a good investment. Please check the relationship between Fastenal Property Plant And Equipment Net and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fastenal Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Property Plant And Equipment Net vs Net Debt
Property Plant And Equipment Net vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fastenal Property Plant And Equipment Net account and Net Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Fastenal's Property Plant And Equipment Net and Net Debt is 0.83. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Net Debt in the same time period over historical financial statements of Fastenal Company, assuming nothing else is changed. The correlation between historical values of Fastenal's Property Plant And Equipment Net and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Fastenal Company are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Property Plant And Equipment Net i.e., Fastenal's Property Plant And Equipment Net and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Most indicators from Fastenal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fastenal 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 Fastenal Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. At this time, Fastenal's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.36 in 2024, whereas Enterprise Value Multiple is likely to drop 20.98 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.8B | 3.2B | 3.2B | 3.3B | Total Revenue | 6.0B | 7.0B | 7.3B | 7.7B |
Fastenal fundamental ratios Correlations
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Fastenal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fastenal fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.8B | 4.0B | 4.3B | 4.5B | 4.5B | 4.7B | |
Short Long Term Debt Total | 590.6M | 650.1M | 636.8M | 802.1M | 535M | 324.0M | |
Total Current Liabilities | 544.7M | 612.7M | 682.2M | 789.8M | 661.3M | 694.4M | |
Total Stockholder Equity | 2.7B | 2.7B | 3.0B | 3.2B | 3.3B | 3.5B | |
Property Plant And Equipment Net | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | |
Net Debt | 415.7M | 404.4M | 400.6M | 572M | 313.7M | 329.4M | |
Retained Earnings | 2.6B | 2.7B | 3.0B | 3.2B | 3.4B | 3.5B | |
Cash | 174.9M | 245.7M | 236.2M | 230.1M | 221.3M | 232.4M | |
Non Current Assets Total | 1.3B | 1.5B | 1.4B | 1.4B | 1.4B | 1.5B | |
Non Currrent Assets Other | (23.1M) | 89.1M | 92.3M | 87.1M | 87.7M | 92.1M | |
Cash And Short Term Investments | 174.9M | 245.7M | 236.2M | 230.1M | 221.3M | 232.4M | |
Net Receivables | 741.8M | 769.4M | 900.2M | 1.0B | 1.1B | 1.1B | |
Liabilities And Stockholders Equity | 3.8B | 4.0B | 4.3B | 4.5B | 4.5B | 4.7B | |
Non Current Liabilities Total | 589.6M | 618.8M | 574.6M | 595.6M | 452.8M | 475.4M | |
Inventory | 1.4B | 1.3B | 1.5B | 1.7B | 1.5B | 1.6B | |
Other Current Assets | 157.4M | 140.3M | 188.1M | 165.4M | 189.3M | 198.8M | |
Other Stockholder Equity | 67.2M | 61.9M | 96.2M | 3.6M | 41M | 26.9M | |
Total Liab | 1.1B | 1.2B | 1.3B | 1.4B | 1.1B | 1.2B | |
Total Current Assets | 2.5B | 2.5B | 2.9B | 3.1B | 3.0B | 3.2B | |
Other Current Liab | 251.5M | 272.1M | 298.3M | 241.1M | 241M | 253.1M | |
Accounts Payable | 192.8M | 207M | 233.1M | 255M | 264.1M | 277.3M | |
Property Plant And Equipment Gross | 1.0M | 1.3B | 1.0B | 1.0B | 2.7B | 2.8B | |
Accumulated Other Comprehensive Income | (38.4M) | (21.2M) | (30.7M) | (64.8M) | (54.8M) | (52.1M) | |
Short Term Debt | 100.4M | 133.6M | 150.8M | 293.7M | 156.2M | 87.3M | |
Other Assets | 76.3M | 435K | 180.9M | 170.8M | 1.0 | 0.95 | |
Property Plant Equipment | 1.0B | 1.0B | 1.3B | 1.0B | 1.2B | 610.0M | |
Net Tangible Assets | 2.8B | 2.9B | 3.0B | 3.3B | 3.8B | 2.3B | |
Long Term Debt | 342M | 365M | 330M | 353.2M | 200M | 233.3M | |
Retained Earnings Total Equity | 2.6B | 2.7B | 3.0B | 3.2B | 3.7B | 2.1B | |
Capital Surpluse | 67.2M | 61.9M | 96.2M | 3.6M | 4.1M | 3.9M | |
Deferred Long Term Liab | 99.4M | 102.3M | 88.6M | 83.7M | 96.3M | 65.8M | |
Other Liab | 99.4M | 102.3M | 88.6M | 87.2M | 100.3M | 87.6M | |
Long Term Debt Total | 342M | 365M | 330M | 353.2M | 317.9M | 298.2M |
Pair Trading with Fastenal
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 Fastenal 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 Fastenal will appreciate offsetting losses from the drop in the long position's value.Moving against Fastenal Stock
0.68 | SMSMY | Sims Metal Management | PairCorr |
0.61 | WSO | Watsco Inc | PairCorr |
0.49 | WCC-PA | WESCO International | PairCorr |
0.43 | CNM | Core Main Financial Report 4th of June 2024 | PairCorr |
The ability to find closely correlated positions to Fastenal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fastenal 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 Fastenal - 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 Fastenal Company to buy it.
The correlation of Fastenal 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 Fastenal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fastenal 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 Fastenal 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fastenal Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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When running Fastenal's price analysis, check to measure Fastenal'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 Fastenal is operating at the current time. Most of Fastenal's value examination focuses on studying past and present price action to predict the probability of Fastenal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fastenal's price. Additionally, you may evaluate how the addition of Fastenal to your portfolios can decrease your overall portfolio volatility.
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Is Fastenal'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 Fastenal. If investors know Fastenal 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 Fastenal 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 0.006 | Dividend Share 1.44 | Earnings Share 2.03 | Revenue Per Share 12.915 | Quarterly Revenue Growth 0.019 |
The market value of Fastenal is measured differently than its book value, which is the value of Fastenal that is recorded on the company's balance sheet. Investors also form their own opinion of Fastenal's value that differs from its market value or its book value, called intrinsic value, which is Fastenal'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 Fastenal's market value can be influenced by many factors that don't directly affect Fastenal'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 Fastenal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fastenal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fastenal'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.