Argan Total Current Liabilities vs Non Current Assets Total Analysis

AGX Stock

USD 61.98 0.77 1.26%

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

Total Current Liabilities vs Non Current Assets Total

Total Current Liabilities vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Argan Inc Total Current Liabilities account and Non Current Assets Total. At this time, the significance of the direction appears to have strong relationship.

The correlation between Argan's Total Current Liabilities and Non Current Assets Total is 0.67. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Argan Inc, assuming nothing else is changed. The correlation between historical values of Argan's Total Current Liabilities and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Argan Inc are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Current Liabilities i.e., Argan's Total Current Liabilities and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.67

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Total Current Liabilities

Total Current Liabilities is an item on Argan balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Argan Inc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

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

At this time, Argan's Selling General Administrative is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 10.83 in 2024, despite the fact that Discontinued Operations is likely to grow to (243.7 K).

	2021	2022	2023	2024 (projected)
Total Operating Expenses	47.3M	44.7M	42.4M	44.5M
Cost Of Revenue	409.6M	368.7M	494.5M	519.2M

Total Operating Expenses Cost Of Revenue

Argan 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	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 Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Current Assets	Accounts Payable	Common Stock Total Equity	Common Stock	Current Deferred Revenue
Total Assets		0.28	0.57	0.87	0.89	0.79	-0.41	0.87	0.34	0.88	0.27	0.89	0.67	0.54	0.36	0.39	0.52	0.87	0.75	1.0	0.27	0.66	0.66	0.67	0.68	0.69
Short Long Term Debt Total	0.28		0.46	0.31	0.14	0.15	-0.11	0.28	0.1	0.32	0.22	0.04	0.53	-0.08	0.37	0.28	-0.22	0.36	0.53	0.27	0.55	0.29	-0.15	0.19	0.19	0.31
Other Current Liab	0.57	0.46		0.55	0.41	0.44	-0.13	0.52	0.04	0.64	0.58	0.31	0.68	0.14	0.37	0.62	-0.01	0.59	0.69	0.55	0.45	0.61	0.16	0.35	0.36	0.46
Total Current Liabilities	0.87	0.31	0.55		0.56	0.48	-0.44	0.56	0.36	0.67	0.26	0.81	0.58	0.39	0.07	0.45	0.3	1.0	0.61	0.88	0.24	0.4	0.61	0.53	0.54	0.94
Total Stockholder Equity	0.89	0.14	0.41	0.56		0.88	-0.33	0.94	0.29	0.85	0.16	0.8	0.55	0.6	0.49	0.21	0.66	0.55	0.65	0.88	0.19	0.71	0.59	0.67	0.68	0.32
Property Plant And Equipment Net	0.79	0.15	0.44	0.48	0.88		-0.26	0.86	0.21	0.87	0.25	0.62	0.59	0.43	0.45	0.26	0.51	0.49	0.78	0.77	0.48	0.79	0.36	0.54	0.55	0.27
Net Debt	-0.41	-0.11	-0.13	-0.44	-0.33	-0.26		-0.16	-0.98	-0.14	0.15	-0.57	0.07	-0.59	0.07	0.26	-0.54	-0.42	-0.13	-0.44	-0.08	-0.32	-0.06	-0.55	-0.55	-0.56
Retained Earnings	0.87	0.28	0.52	0.56	0.94	0.86	-0.16		0.1	0.87	0.43	0.66	0.73	0.34	0.63	0.47	0.36	0.58	0.79	0.85	0.4	0.81	0.47	0.51	0.52	0.3
Cash	0.34	0.1	0.04	0.36	0.29	0.21	-0.98	0.1		0.06	-0.22	0.55	-0.2	0.64	-0.15	-0.35	0.58	0.32	0.01	0.37	0.04	0.26	0.09	0.59	0.59	0.47
Non Current Assets Total	0.88	0.32	0.64	0.67	0.85	0.87	-0.14	0.87	0.06		0.36	0.62	0.83	0.41	0.54	0.51	0.38	0.7	0.88	0.85	0.34	0.67	0.45	0.59	0.6	0.46
Non Currrent Assets Other	0.27	0.22	0.58	0.26	0.16	0.25	0.15	0.43	-0.22	0.36		-0.03	0.58	-0.19	0.32	0.92	-0.48	0.31	0.52	0.25	0.55	0.6	-0.05	0.07	0.08	0.16
Cash And Short Term Investments	0.89	0.04	0.31	0.81	0.8	0.62	-0.57	0.66	0.55	0.62	-0.03		0.27	0.69	0.04	0.07	0.73	0.77	0.39	0.91	0.03	0.46	0.78	0.69	0.7	0.68
Net Receivables	0.67	0.53	0.68	0.58	0.55	0.59	0.07	0.73	-0.2	0.83	0.58	0.27		-0.01	0.68	0.73	-0.11	0.63	0.93	0.64	0.45	0.54	0.16	0.27	0.28	0.42
Common Stock Shares Outstanding	0.54	-0.08	0.14	0.39	0.6	0.43	-0.59	0.34	0.64	0.41	-0.19	0.69	-0.01		-0.03	-0.17	0.87	0.34	0.08	0.54	-0.3	0.22	0.57	0.94	0.93	0.32
Non Current Liabilities Total	0.36	0.37	0.37	0.07	0.49	0.45	0.07	0.63	-0.15	0.54	0.32	0.04	0.68	-0.03		0.31	-0.03	0.12	0.64	0.33	0.22	0.47	-0.09	0.14	0.15	-0.08
Inventory	0.39	0.28	0.62	0.45	0.21	0.26	0.26	0.47	-0.35	0.51	0.92	0.07	0.73	-0.17	0.31		-0.45	0.5	0.6	0.37	0.44	0.47	0.16	0.1	0.11	0.31
Other Stockholder Equity	0.52	-0.22	-0.01	0.3	0.66	0.51	-0.54	0.36	0.58	0.38	-0.48	0.73	-0.11	0.87	-0.03	-0.45		0.24	0.04	0.53	-0.33	0.18	0.58	0.71	0.71	0.2
Total Liab	0.87	0.36	0.59	1.0	0.55	0.49	-0.42	0.58	0.32	0.7	0.31	0.77	0.63	0.34	0.12	0.5	0.24		0.67	0.88	0.29	0.43	0.56	0.5	0.51	0.94
Property Plant And Equipment Gross	0.75	0.53	0.69	0.61	0.65	0.78	-0.13	0.79	0.01	0.88	0.52	0.39	0.93	0.08	0.64	0.6	0.04	0.67		0.72	0.63	0.72	0.13	0.35	0.36	0.47
Total Current Assets	1.0	0.27	0.55	0.88	0.88	0.77	-0.44	0.85	0.37	0.85	0.25	0.91	0.64	0.54	0.33	0.37	0.53	0.88	0.72		0.26	0.64	0.67	0.67	0.68	0.71
Short Term Debt	0.27	0.55	0.45	0.24	0.19	0.48	-0.08	0.4	0.04	0.34	0.55	0.03	0.45	-0.3	0.22	0.44	-0.33	0.29	0.63	0.26		0.69	-0.25	-0.05	-0.05	0.19
Other Current Assets	0.66	0.29	0.61	0.4	0.71	0.79	-0.32	0.81	0.26	0.67	0.6	0.46	0.54	0.22	0.47	0.47	0.18	0.43	0.72	0.64	0.69		0.13	0.4	0.4	0.21
Accounts Payable	0.66	-0.15	0.16	0.61	0.59	0.36	-0.06	0.47	0.09	0.45	-0.05	0.78	0.16	0.57	-0.09	0.16	0.58	0.56	0.13	0.67	-0.25	0.13		0.53	0.53	0.41
Common Stock Total Equity	0.67	0.19	0.35	0.53	0.67	0.54	-0.55	0.51	0.59	0.59	0.07	0.69	0.27	0.94	0.14	0.1	0.71	0.5	0.35	0.67	-0.05	0.4	0.53		1.0	0.43
Common Stock	0.68	0.19	0.36	0.54	0.68	0.55	-0.55	0.52	0.59	0.6	0.08	0.7	0.28	0.93	0.15	0.11	0.71	0.51	0.36	0.68	-0.05	0.4	0.53	1.0		0.44
Current Deferred Revenue	0.69	0.31	0.46	0.94	0.32	0.27	-0.56	0.3	0.47	0.46	0.16	0.68	0.42	0.32	-0.08	0.31	0.2	0.94	0.47	0.71	0.19	0.21	0.41	0.43	0.44

Click cells to compare fundamentals

Argan Account Relationship Matchups

Argan fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	487.5M	602.6M	553.6M	489.5M	623.6M	654.8M
Other Current Liab	34.3M	48.6M	51.9M	48.3M	79.0M	82.9M
Total Current Liabilities	144.0M	276.1M	223.0M	202.5M	302.3M	317.4M
Total Stockholder Equity	339.2M	320.7M	326.4M	280.9M	290.9M	305.5M
Property Plant And Equipment Net	24.9M	24.1M	14.5M	16.5M	18.5M	19.5M
Net Debt	(165.2M)	(364.6M)	(346.8M)	(172.4M)	(191.7M)	(182.1M)
Retained Earnings	189.3M	166.1M	188.7M	207.8M	225.5M	236.8M
Cash	167.4M	366.7M	350.5M	173.9M	197.0M	101.4M
Non Current Assets Total	65.8M	56.4M	46.3M	50.8M	76.4M	80.2M
Non Currrent Assets Other	408K	249K	457K	3.7M	2.3M	2.4M
Cash And Short Term Investments	327.9M	456.7M	440.5M	325.5M	306.5M	321.8M
Net Receivables	70.6M	55.3M	31.9M	74.9M	201.4M	211.5M
Common Stock Shares Outstanding	15.6M	15.8M	15.9M	14.2M	13.5M	8.1M
Liabilities And Stockholders Equity	487.5M	602.6M	553.6M	489.5M	623.6M	654.8M
Non Current Liabilities Total	2.5M	4.1M	5.0M	6.1M	30.4M	31.9M
Other Stockholder Equity	148.7M	153.3M	137.8M	73.6M	66.7M	62.3M
Total Liab	146.5M	280.2M	228.0M	208.6M	332.6M	349.3M
Property Plant And Equipment Gross	22.5M	24.1M	14.5M	16.5M	40.1M	42.1M
Total Current Assets	421.8M	546.2M	507.3M	438.7M	547.2M	574.5M
Short Term Debt	1.6M	2.1M	1.4M	1.6M	2.7M	1.6M
Other Current Assets	23.3M	34.1M	34.9M	38.3M	29.3M	30.7M
Accumulated Other Comprehensive Income	(1.1M)	(1.1M)	(2.5M)	(2.9M)	(3.6M)	(3.4M)
Accounts Payable	35.4M	53.3M	41.8M	56.4M	39.5M	29.8M
Common Stock Total Equity	2.3M	2.4M	2.4M	2.4M	2.7M	1.6M
Common Stock	2.3M	2.4M	2.4M	2.4M	2.7M	1.7M
Current Deferred Revenue	72.7M	172.0M	127.9M	96.3M	181.1M	190.1M
Other Assets	7.9M	249K	457K	3.7M	4.2M	4.5M
Property Plant Equipment	22.5M	20.4M	10.5M	10.4M	12.0M	7.7M
Good Will	34.3M	32.8M	27.9M	28.0M	32.2M	24.6M
Short Term Investments	160.5M	90.1M	90.0M	151.5M	109.5M	81.3M
Intangible Assets	5.0M	4.1M	3.3M	2.6M	2.2M	4.0M
Other Liab	1.8M	4.1M	2.7M	2.9M	3.3M	3.5M
Net Tangible Assets	306.3M	288.6M	295.0M	250.3M	287.8M	248.8M
Noncontrolling Interest In Consolidated Entity	(196K)	1.8M	1.7M	(797K)	(916.6K)	(870.7K)
Retained Earnings Total Equity	189.3M	166.1M	188.7M	207.8M	239.0M	148.9M
Capital Surpluse	148.7M	153.3M	158.2M	162.2M	186.5M	142.9M

Pair Trading with Argan

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

Moving against Argan Stock

0.77	VATE	Innovate Corp	Pair Corr
0.43	WLGS	Wang Lee Group Report 20th of May 2024	Pair Corr
0.41	ACA	Arcosa Inc	Pair Corr

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

The correlation of Argan 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 Argan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Argan Inc 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 Argan 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 Argan Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Argan'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 Argan Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Argan Inc Stock:

How To Invest In Argan

Details

Is Argan Stock a good investment?

Details

What is Argan's Net Worth?

Details

Largest Construction & Engineering Companies

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Largest Engineering & Construction Companies

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

Note that the Argan Inc information on this page should be used as a complementary analysis to other Argan'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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

Complementary Tools for Argan Stock analysis

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

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Is Argan'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 Argan. If investors know Argan 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 Argan 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

(0.10)

Dividend Share

1.1

Earnings Share

2.39

Revenue Per Share

42.898

Quarterly Revenue Growth

0.385

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

Total Current Liabilities vs Non Current Assets Total

Total Current Liabilities vs Non Current Assets Total Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Non Current Assets Total

Argan fundamental ratios Correlations

Argan Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Argan fundamental ratios Accounts

Pair Trading with Argan

Moving against Argan Stock

Complementary Tools for Argan Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Common Stock	+ 1.0	Common Stock Total Equity
Current Deferred Revenue	+ 0.94	Total Current Liabilities
Retained Earnings	+ 0.94	Total Stockholder Equity
Common Stock Total Equity	+ 0.94	Common Stock Shares Outstanding

Cash	- 0.98	Net Debt
Common Stock Shares Outstanding	- 0.59	Net Debt
Cash And Short Term Investments	- 0.57	Net Debt
Current Deferred Revenue	- 0.56	Net Debt
Common Stock	- 0.55	Net Debt
Common Stock Total Equity	- 0.55	Net Debt