Avid Net Working Capital from 2010 to 2024

CDMO Stock  USD 6.98  0.19  2.80%   
Avid Bioservices Net Working Capital yearly trend continues to be very stable with very little volatility. Net Working Capital is likely to grow to about 59.6 M this year. During the period from 2010 to 2024, Avid Bioservices Net Working Capital quarterly data regression pattern had sample variance of 1143 T and median of  26,169,000. View All Fundamentals
 
Net Working Capital  
First Reported
2010-12-31
Previous Quarter
44.6 M
Current Value
59.6 M
Quarterly Volatility
33.8 M
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Avid Bioservices financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Avid main balance sheet or income statement drivers, such as Depreciation And Amortization of 8.7 M, Interest Expense of 3.1 M or Selling General Administrative of 32.8 M, as well as many exotic indicators such as Price Earnings Ratio of 1.9 K, Price To Sales Ratio of 8.09 or Dividend Yield of 0.0031. Avid financial statements analysis is a perfect complement when working with Avid Bioservices Valuation or Volatility modules.
  
This module can also supplement Avid Bioservices' financial leverage analysis and stock options assessment as well as various Avid Bioservices Technical models . Check out the analysis of Avid Bioservices Correlation against competitors.
To learn how to invest in Avid Stock, please use our How to Invest in Avid Bioservices guide.

Latest Avid Bioservices' Net Working Capital Growth Pattern

Below is the plot of the Net Working Capital of Avid Bioservices over the last few years. It is Avid Bioservices' Net Working Capital historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Avid Bioservices' overall financial position and show how it may be relating to other accounts over time.
Net Working Capital10 Years Trend
Slightly volatile
   Net Working Capital   
       Timeline  

Avid Net Working Capital Regression Statistics

Arithmetic Mean42,709,214
Geometric Mean35,219,898
Coefficient Of Variation79.16
Mean Deviation23,263,114
Median26,169,000
Standard Deviation33,807,707
Sample Variance1143T
Range121.6M
R-Value0.49
Mean Square Error938.3T
R-Squared0.24
Significance0.07
Slope3,685,929
Total Sum of Squares16001.5T

Avid Net Working Capital History

202459.6 M
202344.6 M
202238.7 M
2021104.3 M
2020136.9 M
201915.3 M
201828.2 M

About Avid Bioservices Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Avid Bioservices income statement, its balance sheet, and the statement of cash flows. Avid Bioservices investors use historical funamental indicators, such as Avid Bioservices's Net Working Capital, to determine how well the company is positioned to perform in the future. Although Avid Bioservices investors may use each financial statement separately, they are all related. The changes in Avid Bioservices's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Avid Bioservices'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 Avid Bioservices Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Avid Bioservices. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Net Working Capital44.6 M59.6 M
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 Avid Bioservices 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, Avid Bioservices' short interest history, or implied volatility extrapolated from Avid Bioservices options trading.

Pair Trading with Avid Bioservices

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 Avid Bioservices 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 Avid Bioservices will appreciate offsetting losses from the drop in the long position's value.

Moving against Avid Stock

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The ability to find closely correlated positions to Avid Bioservices could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avid Bioservices 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 Avid Bioservices - 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 Avid Bioservices to buy it.
The correlation of Avid Bioservices 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 Avid Bioservices moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avid Bioservices 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 Avid Bioservices 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 CorrelationCorrelation Matching
When determining whether Avid Bioservices offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Avid Bioservices' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Avid Bioservices Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Avid Bioservices Stock:
Check out the analysis of Avid Bioservices Correlation against competitors.
To learn how to invest in Avid Stock, please use our How to Invest in Avid Bioservices guide.
You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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When running Avid Bioservices' price analysis, check to measure Avid Bioservices' 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 Avid Bioservices is operating at the current time. Most of Avid Bioservices' value examination focuses on studying past and present price action to predict the probability of Avid Bioservices' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avid Bioservices' price. Additionally, you may evaluate how the addition of Avid Bioservices to your portfolios can decrease your overall portfolio volatility.
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Is Avid Bioservices' 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 Avid Bioservices. If investors know Avid 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 Avid Bioservices 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
(0.80)
Earnings Share
(0.18)
Revenue Per Share
2.246
Quarterly Revenue Growth
(0.27)
Return On Assets
(0.01)
The market value of Avid Bioservices is measured differently than its book value, which is the value of Avid that is recorded on the company's balance sheet. Investors also form their own opinion of Avid Bioservices' value that differs from its market value or its book value, called intrinsic value, which is Avid Bioservices' 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 Avid Bioservices' market value can be influenced by many factors that don't directly affect Avid Bioservices' 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 Avid Bioservices' value and its price as these two are different measures arrived at by different means. Investors typically determine if Avid Bioservices is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avid Bioservices' 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.