Atkore Financial Statements From 2010 to 2024
ATKR Stock | USD 190.36 4.30 2.31% |
Check Atkore International financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Atkore main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . Atkore financial statements analysis is a perfect complement when working with Atkore International Valuation or Volatility modules.
Atkore |
Atkore Working Capital Analysis
Atkore International's Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
More About Working Capital | All Equity Analysis
Working Capital | = | Current Assets | - | Current Liabilities |
Current Atkore International Working Capital | 973.89 M |
Most of Atkore International's fundamental indicators, such as Working Capital, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Atkore International Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
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In accordance with the company's disclosures, Atkore International Group has a Working Capital of 973.89 M. This is 202.25% higher than that of the Electrical Equipment sector and significantly higher than that of the Industrials industry. The working capital for all United States stocks is 34.12% higher than that of the company.
Atkore International Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Atkore International's current stock value. Our valuation model uses many indicators to compare Atkore International value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Atkore International competition to find correlations between indicators driving Atkore International's intrinsic value. More Info.Atkore International Group is number one stock in shares outstanding category among related companies. It is number one stock in ebitda category among related companies totaling about 28.00 of EBITDA per Shares Outstanding. . Comparative valuation analysis is a catch-all model that can be used if you cannot value Atkore International by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Atkore International's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Atkore International's earnings, one of the primary drivers of an investment's value.About Atkore International Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Atkore International income statement, its balance sheet, and the statement of cash flows. Atkore International investors use historical funamental indicators, such as Atkore International's revenue or net income, to determine how well the company is positioned to perform in the future. Although Atkore International investors may use each financial statement separately, they are all related. The changes in Atkore International's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Atkore International's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Atkore International Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Atkore International. Please read more on our technical analysis and fundamental analysis pages.
Atkore Inc. manufactures and sells electrical, safety, and infrastructure products in the United States and internationally. Atkore Inc. was founded in 1959 and is headquartered in Harvey, Illinois. Atkore operates under Electrical Equipment Parts classification in the United States and is traded on New York Stock Exchange. It employs 3400 people.
Pair Trading with Atkore International
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 Atkore International 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 Atkore International will appreciate offsetting losses from the drop in the long position's value.Moving together with Atkore Stock
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Moving against Atkore Stock
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The ability to find closely correlated positions to Atkore International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atkore International 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 Atkore International - 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 Atkore International Group to buy it.
The correlation of Atkore International 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 Atkore International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atkore International 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 Atkore International 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 the analysis of Atkore International Correlation against competitors. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Atkore Stock analysis
When running Atkore International's price analysis, check to measure Atkore International'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 Atkore International is operating at the current time. Most of Atkore International's value examination focuses on studying past and present price action to predict the probability of Atkore International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atkore International's price. Additionally, you may evaluate how the addition of Atkore International to your portfolios can decrease your overall portfolio volatility.
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Is Atkore International'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 Atkore International. If investors know Atkore 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 Atkore International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Atkore International is measured differently than its book value, which is the value of Atkore that is recorded on the company's balance sheet. Investors also form their own opinion of Atkore International's value that differs from its market value or its book value, called intrinsic value, which is Atkore International'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 Atkore International's market value can be influenced by many factors that don't directly affect Atkore International'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 Atkore International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Atkore International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atkore International'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.