Friedman Total Current Assets vs Capital Stock Analysis
FRD Stock | USD 19.46 0.07 0.36% |
Friedman Industries financial indicator trend analysis is much more than just examining Friedman Industries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Friedman Industries is a good investment. Please check the relationship between Friedman Industries Total Current Assets and its Capital Stock accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Friedman Industries. 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 information on how to trade Friedman Stock refer to our How to Trade Friedman Stock guide.
Total Current Assets vs Capital Stock
Total Current Assets vs Capital Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Friedman Industries Total Current Assets account and Capital Stock. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Friedman Industries' Total Current Assets and Capital Stock is 0.84. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Friedman Industries, assuming nothing else is changed. The correlation between historical values of Friedman Industries' Total Current Assets and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Friedman Industries are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Total Current Assets i.e., Friedman Industries' Total Current Assets and Capital Stock go up and down completely randomly.
Correlation Coefficient | 0.84 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Capital Stock
The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.Most indicators from Friedman Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Friedman Industries 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 Friedman Industries. 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 information on how to trade Friedman Stock refer to our How to Trade Friedman Stock guide.The current year's Selling General Administrative is expected to grow to about 26.6 M. The current year's Tax Provision is expected to grow to about 8.3 M
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 12.5M | 22.0M | 25.3M | 26.6M | Cost Of Revenue | 244.2M | 504.5M | 580.1M | 609.1M |
Friedman Industries fundamental ratios Correlations
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Friedman Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Friedman Industries fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 77.3M | 95.0M | 159.3M | 199.3M | 229.2M | 240.7M | |
Other Current Liab | 600.0K | 8.0M | 15.9M | 2.2M | 2.5M | 2.1M | |
Total Current Liabilities | 9.6M | 29.1M | 60.8M | 45.1M | 51.9M | 54.4M | |
Total Stockholder Equity | 66.9M | 65.3M | 79.7M | 115.4M | 132.7M | 139.4M | |
Property Plant And Equipment Net | 11.5M | 15.5M | 30.1M | 55.2M | 63.5M | 66.7M | |
Net Debt | (16.6M) | (6.4M) | 15.9M | 30.2M | 34.8M | 36.5M | |
Retained Earnings | 34.5M | 45.4M | 58.9M | 79.7M | 91.6M | 96.2M | |
Cash | 17.1M | 8.2M | 2.6M | 3.0M | 3.4M | 6.4M | |
Non Current Assets Total | 12.1M | 17.5M | 33.9M | 55.7M | 64.0M | 67.2M | |
Non Currrent Assets Other | 262.1K | 148.5K | 1.7M | 452K | 519.8K | 768.2K | |
Cash And Short Term Investments | 17.1M | 8.2M | 2.6M | 3.0M | 3.4M | 6.4M | |
Net Receivables | 11.7M | 20.4M | 35.7M | 49.4M | 56.8M | 59.6M | |
Common Stock Shares Outstanding | 7.0M | 7.0M | 6.6M | 7.2M | 8.3M | 7.5M | |
Liabilities And Stockholders Equity | 77.3M | 95.0M | 159.3M | 199.3M | 229.2M | 240.7M | |
Non Current Liabilities Total | 833.4K | 596.6K | 18.8M | 38.8M | 44.6M | 46.8M | |
Inventory | 35.7M | 36.0M | 67.9M | 86.2M | 99.2M | 104.1M | |
Other Current Assets | 780.2K | 12.9M | 14.9M | 4.5M | 5.2M | 5.5M | |
Other Stockholder Equity | 24.0M | 22.8M | 22.7M | 27.2M | 31.3M | 40.9M | |
Total Liab | 10.5M | 29.7M | 79.6M | 83.9M | 96.5M | 101.3M | |
Total Current Assets | 65.2M | 77.5M | 125.4M | 143.7M | 165.2M | 173.5M | |
Short Term Debt | 100.7K | 1.6M | 104.7K | 107K | 96.3K | 91.5K | |
Accounts Payable | 8.9M | 15.2M | 44.8M | 36.8M | 42.4M | 44.5M | |
Property Plant And Equipment Gross | 11.5M | 15.5M | 56.1M | 82.4M | 94.7M | 99.5M | |
Accumulated Other Comprehensive Income | 0.0 | (11.2M) | (10.3M) | (317K) | (285.3K) | (299.6K) | |
Other Liab | 1.8M | 461.0K | 159.0K | 341.4K | 392.6K | 710.8K | |
Other Assets | 580.5K | 2.0M | 3.8M | 453K | 521.0K | 494.9K | |
Common Stock Total Equity | 8.2M | 8.3M | 8.3M | 8.9M | 10.2M | 8.7M | |
Common Stock | 8.3M | 8.3M | 8.3M | 8.9M | 10.2M | 8.8M | |
Property Plant Equipment | 11.5M | 15.5M | 30.1M | 53.9M | 62.0M | 65.1M | |
Net Tangible Assets | 66.9M | 65.3M | 79.7M | 115.4M | 132.7M | 77.4M | |
Retained Earnings Total Equity | 40.5M | 34.5M | 45.4M | 79.7M | 91.6M | 96.2M | |
Capital Surpluse | 29.6M | 30.0M | 30.4M | 35.0M | 40.3M | 32.8M | |
Non Current Liabilities Other | 472.2K | 424.6K | 221.8K | 96K | 86.4K | 82.1K | |
Long Term Debt Total | 368.3K | 172.0K | 160.9K | 33.2M | 38.1M | 40.1M |
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 Friedman Industries 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, Friedman Industries' short interest history, or implied volatility extrapolated from Friedman Industries options trading.
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Try AI Portfolio ArchitectCheck out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Friedman Industries. 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 information on how to trade Friedman Stock refer to our How to Trade Friedman Stock guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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When running Friedman Industries' price analysis, check to measure Friedman Industries' 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 Friedman Industries is operating at the current time. Most of Friedman Industries' value examination focuses on studying past and present price action to predict the probability of Friedman Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Friedman Industries' price. Additionally, you may evaluate how the addition of Friedman Industries to your portfolios can decrease your overall portfolio volatility.
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Is Friedman Industries' 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 Friedman Industries. If investors know Friedman 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 Friedman Industries 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) | Dividend Share 0.08 | Earnings Share 2.54 | Revenue Per Share 69.861 | Quarterly Revenue Growth 1.802 |
The market value of Friedman Industries is measured differently than its book value, which is the value of Friedman that is recorded on the company's balance sheet. Investors also form their own opinion of Friedman Industries' value that differs from its market value or its book value, called intrinsic value, which is Friedman Industries' 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 Friedman Industries' market value can be influenced by many factors that don't directly affect Friedman Industries' 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 Friedman Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Friedman Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Friedman Industries' 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.