Ashford Other Current Assets vs Total Current Assets Analysis

AINC Stock

USD 4.81 0.02 0.41%

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

For information on how to trade Ashford Stock refer to our How to Trade Ashford Stock guide.

Other Current Assets vs Total Current Assets

Other Current Assets vs Total Current Assets Correlation Analysis

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

The correlation between Ashford's Other Current Assets and Total Current Assets is 0.62. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Ashford, assuming nothing else is changed. The correlation between historical values of Ashford's Other Current Assets and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Ashford are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Other Current Assets i.e., Ashford's Other Current Assets and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.62

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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

For information on how to trade Ashford Stock refer to our How to Trade Ashford Stock guide.The current year's Tax Provision is expected to grow to about 4.4 M, whereas Selling General Administrative is forecasted to decline to about 34.5 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	288.8M	456.5M	69.0M	124.4M
Cost Of Revenue	103.7M	166.3M	669.3M	702.8M

Total Operating Expenses Cost Of Revenue

Ashford fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Accounts Payable	Non Current Assets Total	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Liab	Net Debt	Cash	Cash And Short Term Investments	Net Receivables	Property Plant Equipment	Net Tangible Assets	Retained Earnings	Common Stock Total Equity	Short Term Investments	Inventory	Deferred Long Term Liab
Common Stock Shares Outstanding		0.79	0.84	0.88	0.62	0.7	0.69	0.73	0.85	0.88	0.68	0.87	0.76	0.72	0.67	0.7	0.61	0.4	0.79	0.72	-0.86	-0.83	-0.81	-0.16	-0.27	0.62
Total Assets	0.79		0.64	0.78	0.95	0.97	0.83	0.98	0.91	0.71	0.76	0.87	0.97	0.64	0.94	0.72	0.5	0.31	0.55	0.96	-0.91	-0.62	-0.83	-0.18	-0.43	0.84
Other Current Liab	0.84	0.64		0.96	0.45	0.6	0.56	0.58	0.88	0.98	0.57	0.92	0.67	0.6	0.52	0.8	0.52	0.31	0.93	0.65	-0.83	-0.95	-0.84	-0.23	-0.32	0.48
Total Current Liabilities	0.88	0.78	0.96		0.61	0.76	0.77	0.73	0.95	0.96	0.68	0.98	0.8	0.65	0.66	0.86	0.52	0.29	0.87	0.81	-0.94	-0.96	-0.92	-0.27	-0.41	0.6
Total Stockholder Equity	0.62	0.95	0.45	0.61		0.94	0.77	0.97	0.8	0.54	0.65	0.74	0.91	0.45	0.95	0.61	0.36	0.16	0.36	0.9	-0.8	-0.4	-0.7	-0.23	-0.46	0.88
Property Plant And Equipment Net	0.7	0.97	0.6	0.76	0.94		0.82	0.98	0.89	0.65	0.67	0.85	0.99	0.51	0.9	0.77	0.37	0.15	0.46	0.99	-0.9	-0.6	-0.85	-0.27	-0.48	0.87
Accounts Payable	0.69	0.83	0.56	0.77	0.77	0.82		0.82	0.79	0.62	0.7	0.79	0.77	0.54	0.75	0.7	0.33	0.13	0.48	0.85	-0.87	-0.67	-0.77	-0.25	-0.49	0.67
Non Current Assets Total	0.73	0.98	0.58	0.73	0.97	0.98	0.82		0.89	0.65	0.66	0.84	0.97	0.49	0.93	0.75	0.36	0.14	0.46	0.96	-0.9	-0.57	-0.82	-0.28	-0.51	0.92
Non Current Liabilities Total	0.85	0.91	0.88	0.95	0.8	0.89	0.79	0.89		0.92	0.7	0.99	0.92	0.6	0.83	0.88	0.48	0.24	0.79	0.91	-0.97	-0.84	-0.94	-0.29	-0.49	0.78
Other Current Assets	0.88	0.71	0.98	0.96	0.54	0.65	0.62	0.65	0.92		0.63	0.95	0.71	0.62	0.62	0.8	0.53	0.32	0.94	0.68	-0.87	-0.92	-0.86	-0.23	-0.37	0.56
Other Stockholder Equity	0.68	0.76	0.57	0.68	0.65	0.67	0.7	0.66	0.7	0.63		0.7	0.68	0.88	0.79	0.33	0.83	0.66	0.67	0.69	-0.64	-0.52	-0.55	0.04	-0.17	0.39
Total Liab	0.87	0.87	0.92	0.98	0.74	0.85	0.79	0.84	0.99	0.95	0.7		0.88	0.63	0.77	0.88	0.5	0.26	0.83	0.88	-0.97	-0.9	-0.94	-0.29	-0.46	0.72
Property Plant And Equipment Gross	0.76	0.97	0.67	0.8	0.91	0.99	0.77	0.97	0.92	0.71	0.68	0.88		0.55	0.89	0.8	0.43	0.19	0.54	0.98	-0.91	-0.66	-0.87	-0.27	-0.48	0.87
Total Current Assets	0.72	0.64	0.6	0.65	0.45	0.51	0.54	0.49	0.6	0.62	0.88	0.63	0.55		0.55	0.27	0.88	0.88	0.68	0.55	-0.56	-0.57	-0.53	0.33	0.1	0.17
Other Liab	0.67	0.94	0.52	0.66	0.95	0.9	0.75	0.93	0.83	0.62	0.79	0.77	0.89	0.55		0.57	0.5	0.26	0.52	0.87	-0.78	-0.44	-0.67	-0.23	-0.5	0.82
Net Debt	0.7	0.72	0.8	0.86	0.61	0.77	0.7	0.75	0.88	0.8	0.33	0.88	0.8	0.27	0.57		0.05	-0.13	0.59	0.8	-0.91	-0.85	-0.93	-0.37	-0.62	0.77
Cash	0.61	0.5	0.52	0.52	0.36	0.37	0.33	0.36	0.48	0.53	0.83	0.5	0.43	0.88	0.5	0.05		0.82	0.68	0.4	-0.39	-0.41	-0.34	0.09	0.29	0.08
Cash And Short Term Investments	0.4	0.31	0.31	0.29	0.16	0.15	0.13	0.14	0.24	0.32	0.66	0.26	0.19	0.88	0.26	-0.13	0.82		0.46	0.17	-0.15	-0.2	-0.15	0.64	0.4	-0.18
Net Receivables	0.79	0.55	0.93	0.87	0.36	0.46	0.48	0.46	0.79	0.94	0.67	0.83	0.54	0.68	0.52	0.59	0.68	0.46		0.51	-0.69	-0.83	-0.7	-0.17	-0.2	0.34
Property Plant Equipment	0.72	0.96	0.65	0.81	0.9	0.99	0.85	0.96	0.91	0.68	0.69	0.88	0.98	0.55	0.87	0.8	0.4	0.17	0.51		-0.92	-0.67	-0.86	-0.28	-0.5	0.82
Net Tangible Assets	-0.86	-0.91	-0.83	-0.94	-0.8	-0.9	-0.87	-0.9	-0.97	-0.87	-0.64	-0.97	-0.91	-0.56	-0.78	-0.91	-0.39	-0.15	-0.69	-0.92		0.86	0.95	0.32	0.51	-0.81
Retained Earnings	-0.83	-0.62	-0.95	-0.96	-0.4	-0.6	-0.67	-0.57	-0.84	-0.92	-0.52	-0.9	-0.66	-0.57	-0.44	-0.85	-0.41	-0.2	-0.83	-0.67	0.86		0.86	0.27	0.36	-0.48
Common Stock Total Equity	-0.81	-0.83	-0.84	-0.92	-0.7	-0.85	-0.77	-0.82	-0.94	-0.86	-0.55	-0.94	-0.87	-0.53	-0.67	-0.93	-0.34	-0.15	-0.7	-0.86	0.95	0.86		0.27	0.38	-0.75
Short Term Investments	-0.16	-0.18	-0.23	-0.27	-0.23	-0.27	-0.25	-0.28	-0.29	-0.23	0.04	-0.29	-0.27	0.33	-0.23	-0.37	0.09	0.64	-0.17	-0.28	0.32	0.27	0.27		0.3	-0.47
Inventory	-0.27	-0.43	-0.32	-0.41	-0.46	-0.48	-0.49	-0.51	-0.49	-0.37	-0.17	-0.46	-0.48	0.1	-0.5	-0.62	0.29	0.4	-0.2	-0.5	0.51	0.36	0.38	0.3		-0.62
Deferred Long Term Liab	0.62	0.84	0.48	0.6	0.88	0.87	0.67	0.92	0.78	0.56	0.39	0.72	0.87	0.17	0.82	0.77	0.08	-0.18	0.34	0.82	-0.81	-0.48	-0.75	-0.47	-0.62

Click cells to compare fundamentals

Ashford Account Relationship Matchups

Ashford fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	2.6M	2.3M	2.8M	2.9M	3.1M	2.6M
Total Assets	782.5M	565.4M	519.7M	482.4M	504.8M	338.9M
Other Current Liab	25.3M	47.7M	60.5M	54.1M	96.0M	100.8M
Total Current Liabilities	71.6M	111.5M	119.6M	121.2M	135.4M	142.2M
Total Stockholder Equity	515.5M	277.5M	235.6M	206.4M	166.4M	162.3M
Property Plant And Equipment Net	147.9M	119.2M	110.5M	65.6M	78.0M	56.3M
Accounts Payable	38.7M	41.5M	44.8M	56.1M	18.5M	26.9M
Non Current Assets Total	705.2M	454.2M	416.3M	357.3M	363.9M	246.2M
Liabilities And Stockholders Equity	782.5M	565.4M	519.7M	482.4M	504.8M	338.9M
Non Current Liabilities Total	190.7M	174.7M	163.8M	153.0M	194.0M	203.7M
Other Current Assets	7.2M	7.6M	9.5M	11.2M	16.4M	17.2M
Other Stockholder Equity	285.7M	293.2M	293.8M	296.8M	298.0M	246.7M
Total Liab	262.3M	286.3M	283.4M	274.2M	329.4M	345.9M
Property Plant And Equipment Gross	147.9M	119.2M	110.5M	65.6M	112.0M	59.4M
Total Current Assets	77.3M	111.3M	103.3M	125.0M	140.9M	92.7M
Accumulated Other Comprehensive Income	(216K)	(1.2M)	(1.2M)	78K	(213K)	(223.7K)
Other Liab	87.7M	48.2M	44.1M	41.3M	47.5M	39.0M
Net Debt	75.0M	90.9M	93.5M	77.9M	88.3M	92.7M
Cash	35.3M	45.3M	37.6M	44.4M	75.3M	49.0M
Cash And Short Term Investments	35.3M	45.3M	37.6M	44.4M	75.4M	57.2M
Net Receivables	14.0M	19.2M	19.3M	29.9M	46.6M	49.0M
Property Plant Equipment	116.2M	119.2M	110.5M	65.6M	75.5M	55.4M
Net Tangible Assets	(508.0M)	(527.5M)	(543.8M)	(556.9M)	(501.2M)	(476.1M)
Retained Earnings	(244.1M)	(491.5M)	(535.0M)	(568.5M)	(609.3M)	(578.8M)
Common Stock Total Equity	21K	24K	2K	3K	2.7K	2.6K
Inventory	1.6M	1.5M	1.6M	2.1M	2.5M	2.4M
Deferred Long Term Liab	13.4M	31.5M	69.5M	37.9M	43.6M	27.9M
Intangible Assets	348.0M	271.4M	244.7M	226.5M	210.1M	166.1M
Common Stock	21K	24K	2K	3K	2.7K	2.6K
Warrants	5.1M	3.5M	4.1M	1.8M	2.1M	3.0M
Current Deferred Revenue	233K	12.7M	2.9M	444K	12.0M	12.6M
Noncontrolling Interest In Consolidated Entity	772K	458K	628K	(121K)	(108.9K)	(103.5K)
Non Currrent Assets Other	276K	3.2M	870K	2.3M	1.1M	1.0M
Other Assets	276K	37.3M	870K	2.3M	2.6M	2.5M
Long Term Debt	33.0M	57.3M	52.7M	89.7M	132.6M	139.2M
Good Will	59.7M	205.6M	56.6M	58.7M	61.0M	62.5M
Retained Earnings Total Equity	(219.4M)	(214.2M)	(244.1M)	(491.5M)	(442.3M)	(420.2M)
Capital Surpluse	249.7M	280.2M	285.8M	293.6M	337.6M	290.0M

Pair Trading with Ashford

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

Moving against Ashford Stock

0.74	FRHC	Freedom Holding Corp	Pair Corr
0.72	V	Visa Class A Financial Report 23rd of July 2024	Pair Corr
0.71	BEN	Franklin Resources Normal Trading	Pair Corr
0.59	MA	Mastercard	Pair Corr
0.41	MC	Moelis	Pair Corr

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

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

How To Invest In Ashford

Details

Is Ashford Stock a good investment?

Details

What is Ashford's Net Worth?

Details

Largest Financial Services Companies

View

Top Sectors

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

For information on how to trade Ashford Stock refer to our How to Trade Ashford Stock guide.

You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for Ashford Stock analysis

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

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Is Ashford'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 Ashford. If investors know Ashford 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 Ashford listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(13.69)

Revenue Per Share

104.027

Quarterly Revenue Growth

0.022

Return On Assets

0.0144

Return On Equity

(0.03)

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

Other Current Assets vs Total Current Assets

Other Current Assets vs Total Current Assets Correlation Analysis

Correlation Coefficient

Other Current Assets

Total Current Assets

Ashford fundamental ratios Correlations

Ashford Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ashford fundamental ratios Accounts

Pair Trading with Ashford

Moving against Ashford Stock

Complementary Tools for Ashford Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 0.99	Property Plant And Equipment Net
Property Plant Equipment	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.99	Non Current Liabilities Total
Non Current Assets Total	+ 0.98	Total Assets
Other Current Assets	+ 0.98	Other Current Liab
Total Liab	+ 0.98	Total Current Liabilities

Net Tangible Assets	- 0.97	Total Liab
Net Tangible Assets	- 0.97	Non Current Liabilities Total
Retained Earnings	- 0.96	Total Current Liabilities
Retained Earnings	- 0.95	Other Current Liab
Common Stock Total Equity	- 0.94	Total Liab
Common Stock Total Equity	- 0.94	Non Current Liabilities Total