Acme Cost of Revenue vs Current Ratio Analysis

ACU Stock  USD 46.12  0.02  0.04%   
Acme United financial indicator trend analysis is way more than just evaluating Acme United prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Acme United is a good investment. Please check the relationship between Acme United Cost Of Revenue and its Current Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Acme United. 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 more information on how to buy Acme Stock please use our How to Invest in Acme United guide.

Cost Of Revenue vs Current Ratio

Cost of Revenue vs Current Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Acme United Cost of Revenue account and Current Ratio. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Acme United's Cost of Revenue and Current Ratio is -0.66. Overlapping area represents the amount of variation of Cost of Revenue that can explain the historical movement of Current Ratio in the same time period over historical financial statements of Acme United, assuming nothing else is changed. The correlation between historical values of Acme United's Cost of Revenue and Current Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost of Revenue of Acme United are associated (or correlated) with its Current Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Ratio has no effect on the direction of Cost of Revenue i.e., Acme United's Cost of Revenue and Current Ratio go up and down completely randomly.

Correlation Coefficient

-0.66
Relationship DirectionNegative 
Relationship StrengthWeak

Cost Of Revenue

Cost of Revenue is found on Acme United income statement and represents the costs associated with goods and services Acme United provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities.
Most indicators from Acme United's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Acme United 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 Acme United. 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 more information on how to buy Acme Stock please use our How to Invest in Acme United guide.At this time, Acme United's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 15.39 in 2024, whereas Tax Provision is likely to drop slightly above 1.2 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense922K2.4M3.1M3.3M
Depreciation And Amortization4.0M4.6M5.1M5.3M

Acme United fundamental ratios Correlations

0.68-0.370.950.950.940.70.96-0.030.98-0.030.760.740.670.990.71-0.220.760.880.98-0.570.930.380.890.760.79
0.68-0.550.490.410.510.980.460.180.580.180.910.491.00.680.11-0.460.970.360.74-0.410.72-0.390.470.560.71
-0.37-0.55-0.23-0.23-0.33-0.55-0.23-0.04-0.33-0.05-0.370.02-0.56-0.44-0.24-0.04-0.52-0.36-0.40.19-0.280.35-0.23-0.16-0.23
0.950.49-0.230.950.890.510.96-0.030.94-0.030.640.70.490.940.77-0.250.620.890.93-0.460.870.550.920.770.77
0.950.41-0.230.950.950.451.0-0.140.97-0.140.560.710.410.930.83-0.040.530.940.89-0.550.830.630.870.70.66
0.940.51-0.330.890.950.570.95-0.210.97-0.220.60.670.50.920.720.080.60.950.87-0.730.830.470.780.590.57
0.70.98-0.550.510.450.570.49-0.020.63-0.020.90.550.970.710.18-0.350.950.40.73-0.470.77-0.370.480.520.66
0.960.46-0.230.961.00.950.49-0.10.97-0.110.60.720.460.950.82-0.110.570.930.92-0.540.860.60.880.730.71
-0.030.18-0.04-0.03-0.14-0.21-0.02-0.1-0.191.00.14-0.260.2-0.07-0.33-0.590.18-0.20.110.24-0.19-0.140.020.220.27
0.980.58-0.330.940.970.970.630.97-0.19-0.190.660.730.580.960.74-0.050.670.930.92-0.660.930.460.870.680.68
-0.030.18-0.05-0.03-0.14-0.22-0.02-0.111.0-0.190.14-0.260.2-0.07-0.34-0.590.18-0.20.10.24-0.19-0.150.010.220.27
0.760.91-0.370.640.560.60.90.60.140.660.140.650.920.750.28-0.50.960.430.81-0.380.77-0.170.580.790.87
0.740.490.020.70.710.670.550.72-0.260.73-0.260.650.480.710.46-0.150.550.510.72-0.360.820.320.730.60.66
0.671.0-0.560.490.410.50.970.460.20.580.20.920.480.680.11-0.470.980.350.73-0.40.72-0.390.490.580.72
0.990.68-0.440.940.930.920.710.95-0.070.96-0.070.750.710.680.74-0.220.760.880.98-0.510.910.340.860.750.78
0.710.11-0.240.770.830.720.180.82-0.330.74-0.340.280.460.110.740.050.240.790.65-0.230.590.670.70.550.48
-0.22-0.46-0.04-0.25-0.040.08-0.35-0.11-0.59-0.05-0.59-0.5-0.15-0.47-0.220.05-0.470.12-0.37-0.35-0.240.22-0.2-0.53-0.69
0.760.97-0.520.620.530.60.950.570.180.670.180.960.550.980.760.24-0.470.470.81-0.420.78-0.240.590.720.81
0.880.36-0.360.890.940.950.40.93-0.20.93-0.20.430.510.350.880.790.120.470.8-0.620.750.580.780.560.49
0.980.74-0.40.930.890.870.730.920.110.920.10.810.720.730.980.65-0.370.810.8-0.470.890.290.870.790.86
-0.57-0.410.19-0.46-0.55-0.73-0.47-0.540.24-0.660.24-0.38-0.36-0.4-0.51-0.23-0.35-0.42-0.62-0.47-0.55-0.21-0.43-0.16-0.12
0.930.72-0.280.870.830.830.770.86-0.190.93-0.190.770.820.720.910.59-0.240.780.750.89-0.550.270.850.720.77
0.38-0.390.350.550.630.47-0.370.6-0.140.46-0.15-0.170.32-0.390.340.670.22-0.240.580.29-0.210.270.550.320.15
0.890.47-0.230.920.870.780.480.880.020.870.010.580.730.490.860.7-0.20.590.780.87-0.430.850.550.730.73
0.760.56-0.160.770.70.590.520.730.220.680.220.790.60.580.750.55-0.530.720.560.79-0.160.720.320.730.95
0.790.71-0.230.770.660.570.660.710.270.680.270.870.660.720.780.48-0.690.810.490.86-0.120.770.150.730.95
Click cells to compare fundamentals

Acme United Account Relationship Matchups

Acme United fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets110.7M129.9M144.4M164.4M152.6M160.2M
Short Long Term Debt Total39.7M48.0M48.5M63.8M25.9M20.8M
Other Current Liab8.6M11.5M9.9M(295.2M)12.4M13.0M
Total Current Liabilities16.6M20.2M20.2M22.1M26.0M27.3M
Total Stockholder Equity55.7M62.7M77.1M79.0M97.9M102.8M
Property Plant And Equipment Net17.0M22.7M27.2M29.0M30.0M31.5M
Net Debt32.9M43.8M43.7M57.7M20.4M17.4M
Retained Earnings51.6M58.0M69.9M71.0M86.7M91.1M
Cash6.8M4.2M4.8M6.1M5.5M3.6M
Non Current Assets Total37.6M46.2M49.2M58.8M60.6M63.6M
Cash And Short Term Investments6.8M4.2M4.8M6.1M5.5M3.5M
Net Receivables25.5M27.2M34.2M32.6M26.2M14.1M
Common Stock Shares Outstanding3.5M3.5M3.5M4.0M3.7M3.8M
Liabilities And Stockholders Equity110.7M129.9M144.4M164.4M152.6M160.2M
Non Current Liabilities Total38.4M47.0M47.1M63.2M28.7M19.7M
Inventory39.3M50.7M53.6M63.3M55.5M58.2M
Other Current Assets1.6M1.6M2.6M3.6M4.8M5.0M
Other Stockholder Equity(6.0M)(6.6M)(4.1M)(2.5M)(77.8K)(73.9K)
Total Liab55.0M67.2M67.4M85.3M54.7M31.5M
Property Plant And Equipment Gross17.0M39.2M27.2M50.1M56.6M59.4M
Total Current Assets73.1M83.7M95.3M105.6M92.0M96.6M
Accumulated Other Comprehensive Income(2.0M)(826.0K)(1.4M)(2.1M)(1.7M)(1.8M)
Short Term Debt1.3M1.1M1.4M1.5M1.5M1.4M
Intangible Assets15.8M18.7M17.2M20.8M19.0M20.0M
Non Currrent Assets Other89K(110.2M)(599.3K)(305.3M)899.3M944.3M
Accounts Payable6.7M7.6M9.0M10.5M12.1M12.7M
Other Liab81.6K110.2K629K927.7K835.0K542.6K
Other Assets202.3K88.8K0.0750K675K756.5K
Long Term Debt33.2M45.2M44.7M60.6M23.4M23.8M
Property Plant Equipment14.0M22.7M27.2M29.0M33.4M35.1M
Net Tangible Assets35.2M39.2M55.1M50.1M57.6M36.9M
Retained Earnings Total Equity47.5M51.6M58.0M71.0M81.6M46.7M
Long Term Debt Total33.2M45.2M44.7M61.5M70.8M38.8M
Capital Surpluse8.3M7.9M11.9M13.4M15.5M9.4M
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 Acme United 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, Acme United's short interest history, or implied volatility extrapolated from Acme United options trading.

Pair Trading with Acme United

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 Acme United 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 Acme United will appreciate offsetting losses from the drop in the long position's value.

Moving together with Acme Stock

  0.73FA First Advantage Corp Financial Report 8th of May 2024 PairCorr

Moving against Acme Stock

  0.69LZ LegalZoom Financial Report 14th of May 2024 PairCorr
  0.46NL NL IndustriesPairCorr
The ability to find closely correlated positions to Acme United could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acme United 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 Acme United - 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 Acme United to buy it.
The correlation of Acme United 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 Acme United moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acme United 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 Acme United 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 Acme United is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Acme Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Acme United Stock. Highlighted below are key reports to facilitate an investment decision about Acme United Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Acme United. 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 more information on how to buy Acme Stock please use our How to Invest in Acme United guide.
Note that the Acme United information on this page should be used as a complementary analysis to other Acme United's 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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

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Is Acme United'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 Acme United. If investors know Acme 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 Acme United 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
30.991
Dividend Share
0.57
Earnings Share
4.86
Revenue Per Share
53.61
Quarterly Revenue Growth
(0.05)
The market value of Acme United is measured differently than its book value, which is the value of Acme that is recorded on the company's balance sheet. Investors also form their own opinion of Acme United's value that differs from its market value or its book value, called intrinsic value, which is Acme United'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 Acme United's market value can be influenced by many factors that don't directly affect Acme United'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 Acme United's value and its price as these two are different measures arrived at by different means. Investors typically determine if Acme United is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Acme United'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.