Array TechnologiesInc Financials

ARRY Stock  USD 14.91  0.19  1.26%   
Based on the measurements of operating efficiency obtained from Array TechnologiesInc's historical financial statements, Array TechnologiesInc is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in April. At this time, Array TechnologiesInc's Net Debt is fairly stable compared to the past year. Net Receivables is likely to rise to about 469.3 M in 2024, whereas Total Assets are likely to drop slightly above 1.6 B in 2024. Key indicators impacting Array TechnologiesInc's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Current Ratio1.522.4793
Way Down
Slightly volatile
The financial analysis of Array TechnologiesInc is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Array TechnologiesInc includes many different criteria found on its balance sheet. For example, investors should never minimize Array TechnologiesInc's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Array TechnologiesInc's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Array TechnologiesInc.

Net Income

144.1 Million

With this module, you can analyze Array financials for your investing period. You should be able to track the changes in Array TechnologiesInc individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past Array TechnologiesInc Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Array TechnologiesInc's financial statements are interrelated, with each one affecting the others. For example, an increase in Array TechnologiesInc's assets may result in an increase in income on the income statement.
Evaluating Array TechnologiesInc's financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of Array TechnologiesInc's profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the Array TechnologiesInc's relative financial performance

Chance Of Distress

Less than 3

 
100  
 
Zero
Very Low
Array TechnologiesInc has less than 3 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Array TechnologiesInc stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, Array TechnologiesInc's odds of distress score SHOULD NOT be confused with the real chance of Array TechnologiesInc filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as Array is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include Array TechnologiesInc's liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More Info
The data published in Array TechnologiesInc's official financial statements usually reflect Array TechnologiesInc's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Array TechnologiesInc. For example, before you start analyzing numbers published by Array accountants, it's critical to develop an understanding of what Array TechnologiesInc's liquidity, profitability, and earnings quality are in the context of the Electrical Equipment space in which it operates.
Please note, the presentation of Array TechnologiesInc's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Array TechnologiesInc's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Array TechnologiesInc's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Array TechnologiesInc. Please utilize our Beneish M Score to check the likelihood of Array TechnologiesInc's management manipulating its earnings.

Array TechnologiesInc Company Summary

Array TechnologiesInc competes with Beam Global, Canadian Solar, Maxeon Solar, Mind Technology, and Mix Telemats. Array Technologies, Inc. manufactures and supplies solar tracking systems and related products in the United States and internationally. The company was founded in 1989 and is headquartered in Albuquerque, New Mexico. Array Technologies operates under Solar classification in the United States and is traded on NASDAQ Exchange. It employs 1118 people.
Specialization
Industrials, Capital Goods
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
CIK Number0001100412
ISINUS04271T1007
CUSIP04271T100
RegionNorth America
LocationNew Mexico; U.S.A
Business Address3901 Midway Place
SectorElectrical Equipment
IndustryIndustrials
BenchmarkNYSE Composite
Websitearraytechinc.com
Phone505 881 7567
CurrencyUSD - US Dollar
You should never invest in Array TechnologiesInc without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Array Stock, because this is throwing your money away. Analyzing the key information contained in Array TechnologiesInc's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Array TechnologiesInc Key Financial Ratios

Generally speaking, Array TechnologiesInc's financial ratios allow both analysts and investors to convert raw data from Array TechnologiesInc's financial statements into concise, actionable information that can be used to evaluate the performance of Array TechnologiesInc over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Array TechnologiesInc reports annually and quarterly.

Array TechnologiesInc Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets923.6M656.0M1.1B1.7B1.7B1.6B
Net Debt(212.5M)319.8M353.6M635.7M458.6M481.5M
Cash310.3M108.4M367.7M133.9M249.1M236.6M
Net Receivables96.9M135.9M245.1M424.7M332.2M469.3M
Inventory148.0M118.5M205.7M233.2M162.0M153.9M
Total Liab618.4M736.9M974.7M1.3B1.1B1.0B
Total Current Assets619.7M375.2M852.0M831.2M832.3M790.7M
Other Current Liab28.6M50.0M43.5M66.7M122.5M116.4M
Accounts Payable135.5M85.0M92.0M170.4M119.5M113.5M
Other Current Assets13.5M12.4M33.6M39.4M89.1M84.6M
Common Stock305.2M127K135K150K151K143.5K
Short Term Debt97.7M4.3M10.2M49.2M27.2M30.1M
Net Tangible Assets11.9M(348.9M)(313.7M)423.9M487.4M511.8M
Net Invested Capital97.7M347.3M646.2M883.3M941.7M563.0M
Short Long Term Debt97.7M4.3M4.3M38.7M21.5M30.1M
Net Working Capital29.1M86.1M606.7M365.9M496.6M297.7M
Intangible Assets223.5M198.3M174.8M386.4M350.4M290.0M

Array TechnologiesInc Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Array TechnologiesInc's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense18.8M15.1M35.5M33.5M44.2M34.4M
Total Revenue647.9M872.7M853.3M1.6B1.6B1.5B
Gross Profit150.8M202.8M82.9M227.3M376.6M357.8M
Operating Income83.4M95.2M(24.7M)(18.1M)217.1M227.9M
Ebit84.0M119.3M(23.0M)(19.9M)217.1M227.9M
Ebitda111.3M146.8M3.0M81.2M271.9M285.5M
Cost Of Revenue497.1M669.9M770.5M1.4B1.2B1.1B
Net Income39.7M59.1M(50.4M)4.4M137.2M144.1M
Income Before Tax64.6M77.8M(61.1M)(5.0M)177.2M186.0M
Income Tax Expense24.8M18.7M(10.7M)(9.4M)39.9M50.7M
Tax Provision24.8M18.7M(10.7M)(9.4M)53.3M56.0M
Net Interest Income(18.8M)(15.1M)(35.5M)(33.5M)(41.3M)(43.4M)

Array TechnologiesInc Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Array TechnologiesInc. It measures of how well Array is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Array TechnologiesInc brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Array had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Array TechnologiesInc has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change To Inventory(94.6M)28.3M(88.2M)20.9M66.7M63.4M
Change In Cash320.4M(252.8M)259.2M(233.8M)115.2M120.9M
Free Cash Flow384.4M(123.5M)(266.5M)130.9M215.0M225.7M
Depreciation27.3M27.5M25.9M101.1M54.8M52.1M
Capital Expenditures1.7M1.3M3.4M10.6M17.0M16.1M
Net Income39.7M59.1M(50.4M)4.4M137.2M144.1M
End Period Cash Flow361.3M108.4M367.7M133.9M249.1M236.6M
Other Non Cash Items6.6M36.0M18.8M10.5M26.7M25.4M
Investments(1.7M)(1.3M)(15.3M)(384.4M)(15.5M)(16.3M)
Net Borrowings(64.1M)356.7M280.1M(18.0M)(20.8M)(19.7M)
Change To Netincome25.7M34.7M7.4M(19.4M)(17.4M)(16.5M)

Array Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Array TechnologiesInc's current stock value. Our valuation model uses many indicators to compare Array TechnologiesInc value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Array TechnologiesInc competition to find correlations between indicators driving Array TechnologiesInc's intrinsic value. More Info.
Array TechnologiesInc is number one stock in z score category among related companies. It is number one stock in total asset category among related companies fabricating about  475,415,320  of Total Asset per Z Score. Total Assets is likely to drop to about 1.6 B in 2024. Comparative valuation analysis is a catch-all model that can be used if you cannot value Array TechnologiesInc by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Array TechnologiesInc'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 Array TechnologiesInc's earnings, one of the primary drivers of an investment's value.

Array TechnologiesInc Systematic Risk

Array TechnologiesInc's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Array TechnologiesInc volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Array TechnologiesInc correlated with the market. If Beta is less than 0 Array TechnologiesInc generally moves in the opposite direction as compared to the market. If Array TechnologiesInc Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Array TechnologiesInc is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Array TechnologiesInc is generally in the same direction as the market. If Beta > 1 Array TechnologiesInc moves generally in the same direction as, but more than the movement of the benchmark.

About Array TechnologiesInc Financials

What exactly are Array TechnologiesInc Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Array TechnologiesInc's income statement, its balance sheet, and the statement of cash flows. Potential Array TechnologiesInc investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Array TechnologiesInc investors may use each financial statement separately, they are all related. The changes in Array TechnologiesInc's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Array TechnologiesInc'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. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Array TechnologiesInc Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Array TechnologiesInc is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Array has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Array TechnologiesInc's financials are consistent with your investment objective using the following steps:
  • Review Array TechnologiesInc's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Array TechnologiesInc's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Array TechnologiesInc's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Array TechnologiesInc's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

Array TechnologiesInc Thematic Clasifications

Array TechnologiesInc is part of Cancer Fighters investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Public companies from health care and pharmaceutical sectors that are focused on fighting cancer. Biotech and medical diagnostic companies that work on researching drugs or manufacturing of medical and therapeutics equipment that is directly related to the research, treatment, and detection of cancer or cancer related diseases
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This theme covers Public companies from health care and pharmaceutical sectors that are focused on fighting cancer. Biotech and medical diagnostic companies that work on researching drugs or manufacturing of medical and therapeutics equipment that is directly related to the research, treatment, and detection of cancer or cancer related diseases. Get More Thematic Ideas
Today, most investors in Array TechnologiesInc Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Array TechnologiesInc's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Array TechnologiesInc growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.0106

At this time, Array TechnologiesInc's Price Earnings To Growth Ratio is fairly stable compared to the past year.

Array TechnologiesInc March 29, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Array TechnologiesInc help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Array TechnologiesInc. We use our internally-developed statistical techniques to arrive at the intrinsic value of Array TechnologiesInc based on widely used predictive technical indicators. In general, we focus on analyzing Array Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Array TechnologiesInc's daily price indicators and compare them against related drivers.
When determining whether Array TechnologiesInc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Array TechnologiesInc's 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 Array Technologiesinc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Array Technologiesinc Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Array TechnologiesInc. 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 more information on how to buy Array Stock please use our How to Invest in Array TechnologiesInc guide.
You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.

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When running Array TechnologiesInc's price analysis, check to measure Array TechnologiesInc'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 Array TechnologiesInc is operating at the current time. Most of Array TechnologiesInc's value examination focuses on studying past and present price action to predict the probability of Array TechnologiesInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Array TechnologiesInc's price. Additionally, you may evaluate how the addition of Array TechnologiesInc to your portfolios can decrease your overall portfolio volatility.
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Is Array TechnologiesInc'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 Array TechnologiesInc. If investors know Array 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 Array TechnologiesInc 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
(0.65)
Earnings Share
0.56
Revenue Per Share
10.445
Quarterly Revenue Growth
(0.15)
Return On Assets
0.0795
The market value of Array TechnologiesInc is measured differently than its book value, which is the value of Array that is recorded on the company's balance sheet. Investors also form their own opinion of Array TechnologiesInc's value that differs from its market value or its book value, called intrinsic value, which is Array TechnologiesInc'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 Array TechnologiesInc's market value can be influenced by many factors that don't directly affect Array TechnologiesInc'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 Array TechnologiesInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Array TechnologiesInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Array TechnologiesInc'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.