Aurora Intangible Assets vs Property Plant And Equipment Gross Analysis
ACB Stock | USD 7.00 0.32 4.79% |
Aurora Cannabis financial indicator trend analysis is way more than just evaluating Aurora Cannabis prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aurora Cannabis is a good investment. Please check the relationship between Aurora Cannabis Intangible Assets and its Property Plant And Equipment Gross accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Cannabis. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Aurora Stock refer to our How to Trade Aurora Stock guide.
Intangible Assets vs Property Plant And Equipment Gross
Intangible Assets vs Property Plant And Equipment Gross Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aurora Cannabis Intangible Assets account and Property Plant And Equipment Gross. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Aurora Cannabis' Intangible Assets and Property Plant And Equipment Gross is 0.57. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Property Plant And Equipment Gross in the same time period over historical financial statements of Aurora Cannabis, assuming nothing else is changed. The correlation between historical values of Aurora Cannabis' Intangible Assets and Property Plant And Equipment Gross is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Aurora Cannabis are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Intangible Assets i.e., Aurora Cannabis' Intangible Assets and Property Plant And Equipment Gross go up and down completely randomly.
Correlation Coefficient | 0.57 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Property Plant And Equipment Gross
Most indicators from Aurora Cannabis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aurora Cannabis 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Cannabis. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Aurora Stock refer to our How to Trade Aurora Stock guide.As of May 14, 2024, Selling General Administrative is expected to decline to about 72 M. In addition to that, Discontinued Operations is expected to decline to about (1.5 M)
2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 93.7M | 65.2M | 75.0M | 74.4M | Interest Income | 4.5M | 9.9M | 8.9M | 8.4M |
Aurora Cannabis fundamental ratios Correlations
Click cells to compare fundamentals
Aurora Cannabis Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aurora Cannabis fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.8B | 2.6B | 1.1B | 926.3M | 1.1B | 982.1M | |
Other Current Liab | 21.1M | 58.0M | 94.5M | 71.1M | 81.7M | 47.0M | |
Total Current Liabilities | 272.8M | 116.4M | 145.2M | 242.3M | 278.7M | 292.6M | |
Total Stockholder Equity | 2.2B | 2.0B | 661.8M | 486.1M | 559.0M | 745.4M | |
Net Debt | 369.1M | (21.9M) | (168.3M) | (73.3M) | (84.3M) | (80.1M) | |
Retained Earnings | (3.6B) | (4.3B) | (6.0B) | (6.3B) | (5.7B) | (5.4B) | |
Accounts Payable | 95.6M | 13.3M | 13.9M | 21.9M | 25.2M | 15.7M | |
Cash | 162.2M | 421.5M | 437.8M | 300.8M | 346.0M | 363.3M | |
Non Current Assets Total | 2.4B | 1.9B | 339.2M | 446.4M | 513.4M | 761.7M | |
Non Currrent Assets Other | (91.5M) | (42.5M) | 33.9M | 14.1M | 12.7M | 13.3M | |
Cash And Short Term Investments | 169.2M | 425.2M | 439.1M | 300.8M | 346.0M | 363.3M | |
Net Receivables | 54.1M | 56.5M | 47.1M | 41.3M | 47.5M | 49.9M | |
Common Stock Shares Outstanding | 9.7M | 16.9M | 214.9M | 32.3M | 37.1M | 23.5M | |
Liabilities And Stockholders Equity | 2.8B | 2.6B | 1.1B | 926.3M | 1.1B | 982.1M | |
Other Stockholder Equity | 73.8M | (65.5M) | (54.5M) | (1.0) | (0.9) | (0.85) | |
Total Liab | 657.2M | 567.0M | 422.0M | 409.2M | 470.6M | 235.7M | |
Total Current Assets | 420.7M | 665.9M | 745.1M | 479.9M | 551.9M | 579.5M | |
Accumulated Other Comprehensive Income | (41.8M) | (65.5M) | (54.5M) | (58.3M) | (52.5M) | (49.9M) | |
Property Plant And Equipment Net | 946.4M | 606.1M | 233.5M | 323.0M | 371.4M | 219.2M | |
Other Current Assets | 22.1M | 11.2M | 6.5M | 8.9M | 10.3M | 8.1M | |
Property Plant And Equipment Gross | 765.6M | 946.4M | 606.1M | 709.4M | 815.8M | 856.6M | |
Short Term Investments | 143.2M | 7.1M | 3.8M | 1.3M | 1.5M | 1.5M | |
Common Stock Total Equity | 1.5B | 4.7B | 5.8B | 6.4B | 7.4B | 7.8B | |
Common Stock | 5.8B | 6.4B | 6.8B | 6.8B | 7.9B | 8.3B | |
Short Long Term Debt Total | 531.2M | 399.6M | 269.5M | 227.5M | 261.7M | 259.5M | |
Current Deferred Revenue | 3.5M | 4.2M | 3.9M | 1.7M | 2.0M | 2.0M | |
Short Term Debt | 152.6M | 40.9M | 33.0M | 147.6M | 169.7M | 178.2M | |
Intangible Assets | 412.3M | 367.4M | 70.7M | 61.4M | 70.6M | 67.1M | |
Other Liab | 280.3M | 5.8M | 92.0M | 40.3M | 46.3M | 67.7M | |
Net Tangible Assets | 506.6M | 792.0M | 774.7M | 588.0M | 676.2M | 467.5M | |
Other Assets | 93.3M | 57.8M | 77.3M | 33.9M | 38.9M | 53.7M | |
Long Term Debt | 394.2M | 294.9M | 293.2M | 199.7M | 229.6M | 199.8M | |
Good Will | 3.2B | 928.4M | 887.7M | 18.7M | 21.5M | 20.4M | |
Non Current Liabilities Total | 384.4M | 450.7M | 276.8M | 166.9M | 191.9M | 282.9M | |
Inventory | 157.3M | 137.7M | 139.9M | 128.8M | 148.1M | 96.4M | |
Long Term Investments | 118.8M | 18.1M | 289K | 1.2M | 1.1M | 1.0M | |
Short Long Term Debt | 249.7M | 152.6M | 34.7M | 26.9M | 24.2M | 23.0M | |
Non Current Liabilities Other | 12.0M | 37K | 104K | 128K | 147.2K | 139.8K |
Pair Trading with Aurora Cannabis
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 Aurora Cannabis 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 Aurora Cannabis will appreciate offsetting losses from the drop in the long position's value.Moving against Aurora Stock
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The ability to find closely correlated positions to Aurora Cannabis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aurora Cannabis 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 Aurora Cannabis - 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 Aurora Cannabis to buy it.
The correlation of Aurora Cannabis 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 Aurora Cannabis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aurora Cannabis 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 Aurora Cannabis 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Cannabis. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Aurora Stock refer to our How to Trade Aurora Stock guide.Note that the Aurora Cannabis information on this page should be used as a complementary analysis to other Aurora Cannabis' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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When running Aurora Cannabis' price analysis, check to measure Aurora Cannabis' 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 Aurora Cannabis is operating at the current time. Most of Aurora Cannabis' value examination focuses on studying past and present price action to predict the probability of Aurora Cannabis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aurora Cannabis' price. Additionally, you may evaluate how the addition of Aurora Cannabis to your portfolios can decrease your overall portfolio volatility.
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Is Aurora Cannabis' 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 Aurora Cannabis. If investors know Aurora 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 Aurora Cannabis 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 (0.92) | Earnings Share (57.69) | Revenue Per Share 6.784 | Quarterly Revenue Growth 0.055 | Return On Assets (0.08) |
The market value of Aurora Cannabis is measured differently than its book value, which is the value of Aurora that is recorded on the company's balance sheet. Investors also form their own opinion of Aurora Cannabis' value that differs from its market value or its book value, called intrinsic value, which is Aurora Cannabis' 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 Aurora Cannabis' market value can be influenced by many factors that don't directly affect Aurora Cannabis' 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 Aurora Cannabis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Aurora Cannabis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aurora Cannabis' 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.