Aehr Asset Turnover vs Price to Sales Ratio Analysis

AEHR Stock

USD 11.55 0.15 1.28%

Aehr Test financial indicator trend analysis is way more than just evaluating Aehr Test Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aehr Test Systems is a good investment. Please check the relationship between Aehr Test Asset Turnover and its Price To Sales Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aehr Test Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.

Asset Turnover vs Price To Sales Ratio

Asset Turnover vs Price to Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aehr Test Systems Asset Turnover account and Price to Sales Ratio. At this time, the significance of the direction appears to have pay attention.

The correlation between Aehr Test's Asset Turnover and Price to Sales Ratio is -0.73. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Price to Sales Ratio in the same time period over historical financial statements of Aehr Test Systems, assuming nothing else is changed. The correlation between historical values of Aehr Test's Asset Turnover and Price to Sales 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 Asset Turnover of Aehr Test Systems are associated (or correlated) with its Price to Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price to Sales Ratio has no effect on the direction of Asset Turnover i.e., Aehr Test's Asset Turnover and Price to Sales Ratio go up and down completely randomly.

Correlation Coefficient

-0.73

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Aehr Test Systems stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Aehr Test sales, a figure that is much harder to manipulate than other Aehr Test Systems multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.

Most indicators from Aehr Test's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aehr Test Systems 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 Aehr Test Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.

At this time, Aehr Test's Tax Provision is relatively stable compared to the past year. As of 04/16/2024, Enterprise Value Over EBITDA is likely to grow to 63.14, while Selling General Administrative is likely to drop slightly above 8.4 M.

	2021	2022	2023	2024 (projected)
Gross Profit	23.7M	32.7M	37.7M	39.5M
Total Revenue	50.8M	65.0M	74.7M	78.4M

Gross Profit Total Revenue

Aehr Test fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Current Deferred Revenue	Common Stock Total Equity	Short Term Investments
Total Assets		0.57	0.53	0.91	0.98	0.96	-0.83	0.08	0.97	0.94	0.94	-0.21	0.99	0.97	0.83	0.65	0.99	0.1	0.89	0.92	0.96	1.0	-0.3	0.48	0.7	0.79
Short Long Term Debt Total	0.57		0.24	0.63	0.47	0.65	-0.25	-0.01	0.6	0.48	0.65	0.02	0.56	0.46	0.51	0.77	0.58	0.29	0.51	0.77	0.65	0.56	0.04	0.34	0.55	0.58
Other Current Liab	0.53	0.24		0.67	0.57	0.47	-0.46	0.49	0.61	0.45	0.55	0.49	0.46	0.65	0.27	0.08	0.56	0.63	0.27	0.53	0.47	0.53	0.17	-0.05	0.17	0.72
Total Current Liabilities	0.91	0.63	0.67		0.86	0.86	-0.68	0.35	0.94	0.81	0.87	0.16	0.87	0.91	0.64	0.51	0.91	0.41	0.68	0.94	0.86	0.9	0.04	0.37	0.52	0.88
Total Stockholder Equity	0.98	0.47	0.57	0.86		0.91	-0.89	0.02	0.92	0.95	0.92	-0.24	0.98	0.96	0.84	0.56	0.96	0.06	0.9	0.85	0.91	0.98	-0.3	0.44	0.72	0.73
Property Plant And Equipment Net	0.96	0.65	0.47	0.86	0.91		-0.66	0.1	0.96	0.82	0.99	-0.23	0.93	0.93	0.79	0.72	0.97	0.08	0.85	0.92	1.0	0.95	-0.31	0.38	0.67	0.83
Net Debt	-0.83	-0.25	-0.46	-0.68	-0.89	-0.66		0.18	-0.7	-0.95	-0.66	0.31	-0.88	-0.8	-0.79	-0.38	-0.76	0.05	-0.84	-0.65	-0.66	-0.84	0.29	-0.52	-0.71	-0.42
Retained Earnings	0.08	-0.01	0.49	0.35	0.02	0.1	0.18		0.26	-0.1	0.12	0.75	-0.01	0.18	-0.44	-0.07	0.14	0.66	-0.37	0.22	0.1	0.07	0.18	-0.08	-0.58	0.59
Accounts Payable	0.97	0.6	0.61	0.94	0.92	0.96	-0.7	0.26		0.84	0.95	-0.07	0.93	0.97	0.71	0.64	0.98	0.24	0.78	0.94	0.96	0.96	-0.24	0.38	0.58	0.89
Cash	0.94	0.48	0.45	0.81	0.95	0.82	-0.95	-0.1	0.84		0.8	-0.29	0.97	0.89	0.85	0.58	0.88	0.02	0.91	0.83	0.82	0.95	-0.28	0.57	0.77	0.58
Non Current Assets Total	0.94	0.65	0.55	0.87	0.92	0.99	-0.66	0.12	0.95	0.8		-0.17	0.91	0.92	0.77	0.69	0.96	0.14	0.82	0.91	0.99	0.94	-0.26	0.33	0.65	0.86
Non Currrent Assets Other	-0.21	0.02	0.49	0.16	-0.24	-0.23	0.31	0.75	-0.07	-0.29	-0.17		-0.29	-0.11	-0.48	-0.4	-0.16	0.87	-0.53	-0.04	-0.23	-0.21	0.69	-0.39	-0.48	0.3
Cash And Short Term Investments	0.99	0.56	0.46	0.87	0.98	0.93	-0.88	-0.01	0.93	0.97	0.91	-0.29		0.94	0.84	0.67	0.96	0.02	0.91	0.91	0.93	0.99	-0.33	0.55	0.73	0.71
Net Receivables	0.97	0.46	0.65	0.91	0.96	0.93	-0.8	0.18	0.97	0.89	0.92	-0.11	0.94		0.78	0.53	0.97	0.2	0.83	0.87	0.93	0.97	-0.26	0.36	0.64	0.82
Common Stock Shares Outstanding	0.83	0.51	0.27	0.64	0.84	0.79	-0.79	-0.44	0.71	0.85	0.77	-0.48	0.84	0.78		0.5	0.81	-0.17	0.98	0.67	0.79	0.83	-0.2	0.33	0.96	0.4
Non Current Liabilities Total	0.65	0.77	0.08	0.51	0.56	0.72	-0.38	-0.07	0.64	0.58	0.69	-0.4	0.67	0.53	0.5		0.63	-0.08	0.6	0.78	0.72	0.64	-0.57	0.63	0.48	0.52
Inventory	0.99	0.58	0.56	0.91	0.96	0.97	-0.76	0.14	0.98	0.88	0.96	-0.16	0.96	0.97	0.81	0.63		0.13	0.86	0.92	0.97	0.98	-0.27	0.42	0.66	0.83
Other Current Assets	0.1	0.29	0.63	0.41	0.06	0.08	0.05	0.66	0.24	0.02	0.14	0.87	0.02	0.2	-0.17	-0.08	0.13		-0.2	0.27	0.08	0.1	0.48	-0.21	-0.14	0.52
Other Stockholder Equity	0.89	0.51	0.27	0.68	0.9	0.85	-0.84	-0.37	0.78	0.91	0.82	-0.53	0.91	0.83	0.98	0.6	0.86	-0.2		0.74	0.85	0.89	-0.35	0.45	0.92	0.46
Total Liab	0.92	0.77	0.53	0.94	0.85	0.92	-0.65	0.22	0.94	0.83	0.91	-0.04	0.91	0.87	0.67	0.78	0.92	0.27	0.74		0.92	0.92	-0.2	0.53	0.57	0.85
Property Plant And Equipment Gross	0.96	0.65	0.47	0.86	0.91	1.0	-0.66	0.1	0.96	0.82	0.99	-0.23	0.93	0.93	0.79	0.72	0.97	0.08	0.85	0.92		0.95	-0.31	0.38	0.67	0.83
Total Current Assets	1.0	0.56	0.53	0.9	0.98	0.95	-0.84	0.07	0.96	0.95	0.94	-0.21	0.99	0.97	0.83	0.64	0.98	0.1	0.89	0.92	0.95		-0.3	0.49	0.7	0.77
Short Term Debt	-0.3	0.04	0.17	0.04	-0.3	-0.31	0.29	0.18	-0.24	-0.28	-0.26	0.69	-0.33	-0.26	-0.2	-0.57	-0.27	0.48	-0.35	-0.2	-0.31	-0.3		-0.56	-0.14	-0.06
Current Deferred Revenue	0.48	0.34	-0.05	0.37	0.44	0.38	-0.52	-0.08	0.38	0.57	0.33	-0.39	0.55	0.36	0.33	0.63	0.42	-0.21	0.45	0.53	0.38	0.49	-0.56		0.3	0.23
Common Stock Total Equity	0.7	0.55	0.17	0.52	0.72	0.67	-0.71	-0.58	0.58	0.77	0.65	-0.48	0.73	0.64	0.96	0.48	0.66	-0.14	0.92	0.57	0.67	0.7	-0.14	0.3		0.26
Short Term Investments	0.79	0.58	0.72	0.88	0.73	0.83	-0.42	0.59	0.89	0.58	0.86	0.3	0.71	0.82	0.4	0.52	0.83	0.52	0.46	0.85	0.83	0.77	-0.06	0.23	0.26

Click cells to compare fundamentals

Aehr Test Account Relationship Matchups

Aehr Test fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	20.6M	21.7M	62.3M	98.1M	112.9M	118.5M
Other Current Liab	1.4M	2.2M	3.6M	4.1M	3.7M	1.9M
Total Current Liabilities	3.9M	9.1M	11.0M	16.3M	18.8M	19.7M
Total Stockholder Equity	14.1M	11.4M	51.0M	75.6M	68.0M	71.4M
Property Plant And Equipment Net	2.8M	2.3M	2.1M	8.9M	10.2M	10.7M
Net Debt	(1.5M)	241K	(30.5M)	(23.8M)	(21.4M)	(20.3M)
Retained Earnings	(74.3M)	(76.3M)	(66.9M)	(52.3M)	(47.1M)	(49.4M)
Accounts Payable	945K	2.9M	4.2M	9.2M	10.6M	11.1M
Cash	5.4M	4.6M	31.5M	30.1M	34.6M	36.3M
Non Current Assets Total	2.9M	2.5M	2.3M	9.1M	8.2M	8.6M
Non Currrent Assets Other	73K	118K	121K	81K	72.9K	69.3K
Cash And Short Term Investments	5.4M	4.6M	31.5M	47.9M	55.1M	57.8M
Net Receivables	3.7M	5.2M	12.9M	16.6M	19.1M	20.0M
Common Stock Shares Outstanding	22.9M	23.5M	27.8M	29.2M	33.6M	35.3M
Liabilities And Stockholders Equity	20.6M	21.7M	62.3M	98.1M	112.9M	118.5M
Non Current Liabilities Total	2.7M	1.2M	325K	6.2M	7.2M	7.5M
Inventory	8.0M	8.8M	15.1M	23.9M	27.5M	28.9M
Other Current Assets	512K	551K	613K	621K	558.9K	861.9K
Other Stockholder Equity	85.9M	87.6M	117.7M	127.8M	146.9M	154.3M
Total Liab	6.5M	10.2M	11.3M	22.5M	25.9M	27.2M
Property Plant And Equipment Gross	2.8M	2.3M	2.1M	8.9M	10.2M	10.7M
Total Current Assets	17.7M	19.2M	60.0M	89.0M	102.4M	107.5M
Accumulated Other Comprehensive Income	2.2M	(28K)	(105K)	(155K)	(178.3K)	(169.3K)
Current Deferred Revenue	170K	189K	2.4M	2.8M	3.2M	3.4M
Common Stock Total Equity	221K	227K	231K	237K	272.6K	286.2K
Common Stock	231K	237K	271K	285K	327.8K	344.1K
Other Liab	22K	148K	113K	72K	64.8K	61.6K
Other Assets	153K	198K	201K	231K	207.9K	380.5K
Property Plant Equipment	2.8M	2.3M	2.1M	8.9M	10.2M	10.7M
Net Tangible Assets	14.1M	11.4M	51.0M	75.6M	86.9M	91.3M
Retained Earnings Total Equity	(66.2M)	(71.5M)	(74.3M)	(76.3M)	(68.7M)	(72.1M)
Capital Surpluse	85.9M	87.6M	117.7M	127.8M	146.9M	85.6M
Deferred Long Term Liab	522K	342K	22K	99K	113.9K	173.1K

Aehr Test Investors Sentiment

The influence of Aehr Test's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Aehr. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Aehr Test's public news can be used to forecast risks associated with an investment in Aehr. The trend in average sentiment can be used to explain how an investor holding Aehr can time the market purely based on public headlines and social activities around Aehr Test Systems. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Aehr Test's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Aehr Test's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Aehr Test's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Aehr Test.

Aehr Test Implied Volatility

103.86

Aehr Test's implied volatility exposes the market's sentiment of Aehr Test Systems stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Aehr Test's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Aehr Test stock will not fluctuate a lot when Aehr Test's options are near their expiration.

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 Aehr Test 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, Aehr Test's short interest history, or implied volatility extrapolated from Aehr Test options trading.

Pair Trading with Aehr Test

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 Aehr Test 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 Aehr Test will appreciate offsetting losses from the drop in the long position's value.

Moving together with Aehr Stock

0.71

INTC

Intel Report 25th of April 2024

Pair Corr

Moving against Aehr Stock

0.8	DM	Desktop Metal Financial Report 8th of May 2024	Pair Corr
0.72	TRT	Trio Tech International	Pair Corr
0.61	CLS	Celestica Financial Report 24th of April 2024	Pair Corr
0.55	CVV	CVD Equipment Downward Rally	Pair Corr
0.54	ACMR	Acm Research Financial Report 3rd of May 2024	Pair Corr

The ability to find closely correlated positions to Aehr Test could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aehr Test 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 Aehr Test - 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 Aehr Test Systems to buy it.

The correlation of Aehr Test 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 Aehr Test moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aehr Test Systems 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 Aehr Test 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 Correlation Correlation Matching

When determining whether Aehr Test Systems is a strong investment it is important to analyze Aehr Test's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Aehr Test's future performance. For an informed investment choice regarding Aehr Stock, refer to the following important reports:

How To Invest In Aehr

Details

Is Aehr Stock a good investment?

Details

What is Aehr Test's Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aehr Test Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.

Note that the Aehr Test Systems information on this page should be used as a complementary analysis to other Aehr Test'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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

Complementary Tools for Aehr Stock analysis

When running Aehr Test's price analysis, check to measure Aehr Test'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 Aehr Test is operating at the current time. Most of Aehr Test's value examination focuses on studying past and present price action to predict the probability of Aehr Test's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aehr Test's price. Additionally, you may evaluate how the addition of Aehr Test to your portfolios can decrease your overall portfolio volatility.

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Is Aehr Test'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 Aehr Test. If investors know Aehr 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 Aehr Test 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

0.538

Earnings Share

0.52

Revenue Per Share

2.506

Quarterly Revenue Growth

(0.56)

Return On Assets

0.0885

The market value of Aehr Test Systems is measured differently than its book value, which is the value of Aehr that is recorded on the company's balance sheet. Investors also form their own opinion of Aehr Test's value that differs from its market value or its book value, called intrinsic value, which is Aehr Test'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 Aehr Test's market value can be influenced by many factors that don't directly affect Aehr Test'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 Aehr Test's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aehr Test is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aehr Test'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.

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Aehr Asset Turnover vs Price to Sales Ratio Analysis

Asset Turnover vs Price To Sales Ratio

Asset Turnover vs Price to Sales Ratio Correlation Analysis

Correlation Coefficient

Asset Turnover

Price To Sales Ratio

Aehr Test fundamental ratios Correlations

Aehr Test Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Aehr Test fundamental ratios Accounts

Aehr Test Investors Sentiment

Aehr Test Implied Volatility

Pair Trading with Aehr Test

Moving together with Aehr Stock

Moving against Aehr Stock

Complementary Tools for Aehr Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 0.99	Total Assets
Inventory	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 0.99	Non Current Assets Total

Cash	- 0.95	Net Debt
Net Debt	- 0.89	Total Stockholder Equity
Cash And Short Term Investments	- 0.88	Net Debt
Total Current Assets	- 0.84	Net Debt
Other Stockholder Equity	- 0.84	Net Debt
Net Debt	- 0.83	Total Assets