AAR Net Income vs Inventory Turnover Analysis

AIR Stock  USD 60.18  0.20  0.33%   
AAR Corp financial indicator trend analysis is way more than just evaluating AAR Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AAR Corp is a good investment. Please check the relationship between AAR Corp Net Income and its Inventory Turnover accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AAR Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
To learn how to invest in AAR Stock, please use our How to Invest in AAR Corp guide.

Net Income vs Inventory Turnover

Net Income vs Inventory Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AAR Corp Net Income account and Inventory Turnover. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between AAR Corp's Net Income and Inventory Turnover is -0.2. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of AAR Corp, assuming nothing else is changed. The correlation between historical values of AAR Corp's Net Income and Inventory Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of AAR Corp are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Net Income i.e., AAR Corp's Net Income and Inventory Turnover go up and down completely randomly.

Correlation Coefficient

-0.2
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in AAR Corp financial statement analysis. It represents the amount of money remaining after all of AAR Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.
Most indicators from AAR Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AAR Corp 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 AAR Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
To learn how to invest in AAR Stock, please use our How to Invest in AAR Corp guide.At this time, AAR Corp's Selling General Administrative is relatively stable compared to the past year. As of 03/28/2024, Discontinued Operations is likely to grow to about 378 K, while Enterprise Value Multiple is likely to drop 8.27.
 2021 2022 2023 2024 (projected)
Gross Profit313.2M370.1M425.6M446.9M
Total Revenue1.8B2.0B2.3B1.2B

AAR Corp fundamental ratios Correlations

0.750.070.830.610.820.690.440.430.920.750.430.60.880.790.610.40.740.90.570.920.080.540.840.010.87
0.75-0.120.310.220.830.930.020.550.820.760.550.350.60.990.250.590.820.950.460.570.190.730.46-0.040.8
0.07-0.120.210.49-0.22-0.270.580.28-0.14-0.40.280.44-0.01-0.170.61-0.4-0.22-0.10.270.26-0.81-0.230.02-0.36-0.11
0.830.310.210.670.480.210.610.340.60.390.340.530.770.360.720.190.350.550.360.93-0.130.050.90.20.52
0.610.220.490.670.330.20.970.130.460.280.130.930.70.230.950.060.350.370.720.65-0.170.150.59-0.060.47
0.820.83-0.220.480.330.870.10.230.930.890.230.450.820.880.260.60.90.90.620.580.330.760.570.00.9
0.690.93-0.270.210.20.87-0.030.190.880.880.190.40.640.930.130.670.90.880.530.390.390.870.39-0.130.89
0.440.020.580.610.970.1-0.030.110.240.040.110.860.530.020.94-0.080.10.160.620.57-0.3-0.070.50.00.25
0.430.550.280.340.130.230.190.110.170.041.00.030.150.50.370.050.120.530.020.61-0.37-0.020.330.180.1
0.920.82-0.140.60.460.930.880.240.170.920.170.560.860.860.380.530.90.910.620.680.320.790.68-0.120.99
0.750.76-0.40.390.280.890.880.040.040.920.040.360.740.830.150.550.940.830.480.460.550.860.55-0.10.91
0.430.550.280.340.130.230.190.111.00.170.040.030.150.50.370.050.120.530.020.61-0.37-0.020.330.180.1
0.60.350.440.530.930.450.40.860.030.560.360.030.720.360.850.240.450.440.870.54-0.150.330.51-0.080.59
0.880.6-0.010.770.70.820.640.530.150.860.740.150.720.670.640.490.780.780.680.760.230.510.760.090.83
0.790.99-0.170.360.230.880.930.020.50.860.830.50.360.670.250.580.870.980.470.590.230.770.51-0.010.84
0.610.250.610.720.950.260.130.940.370.380.150.370.850.640.250.050.260.390.60.74-0.380.010.630.050.35
0.40.59-0.40.190.060.60.67-0.080.050.530.550.050.240.490.580.050.560.560.260.20.380.30.410.210.52
0.740.82-0.220.350.350.90.90.10.120.90.940.120.450.780.870.260.560.860.540.460.420.860.49-0.160.9
0.90.95-0.10.550.370.90.880.160.530.910.830.530.440.780.980.390.560.860.510.740.180.70.670.040.87
0.570.460.270.360.720.620.530.620.020.620.480.020.870.680.470.60.260.540.510.430.030.530.37-0.20.66
0.920.570.260.930.650.580.390.570.610.680.460.610.540.760.590.740.20.460.740.43-0.160.210.860.130.61
0.080.19-0.81-0.13-0.170.330.39-0.3-0.370.320.55-0.37-0.150.230.23-0.380.380.420.180.03-0.160.43-0.04-0.10.35
0.540.73-0.230.050.150.760.87-0.07-0.020.790.86-0.020.330.510.770.010.30.860.70.530.210.430.19-0.350.84
0.840.460.020.90.590.570.390.50.330.680.550.330.510.760.510.630.410.490.670.370.86-0.040.190.290.6
0.01-0.04-0.360.2-0.060.0-0.130.00.18-0.12-0.10.18-0.080.09-0.010.050.21-0.160.04-0.20.13-0.1-0.350.29-0.2
0.870.8-0.110.520.470.90.890.250.10.990.910.10.590.830.840.350.520.90.870.660.610.350.840.6-0.2
Click cells to compare fundamentals

AAR Corp Account Relationship Matchups

AAR Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.1B1.5B1.6B1.8B2.1B1.1B
Short Long Term Debt Total670.9M193.6M156.3M317.9M365.6M279.0M
Other Current Liab191.5M209.6M160.2M193M222.0M233.0M
Total Current Liabilities383.1M336.8M348.2M351.5M404.2M224.5M
Total Stockholder Equity902.6M974.4M1.0B1.1B1.3B1.3B
Property Plant And Equipment Net225.4M195.8M182.6M189.8M218.3M148.9M
Net Debt266.2M141.8M102.8M249.5M286.9M225.0M
Retained Earnings706M741.7M820.4M910.6M1.0B1.1B
Cash404.7M51.8M53.5M68.4M78.7M54.0M
Non Current Assets Total640.3M602.7M566.7M735.2M845.5M439.9M
Non Currrent Assets Other293.2M283.1M205.9M305.9M351.8M247.9M
Cash And Short Term Investments404.7M51.8M53.5M68.4M78.7M54.0M
Net Receivables221.2M238.6M287.6M328.2M377.4M396.3M
Common Stock Shares Outstanding35M35.3M36M34.8M40.0M35.3M
Liabilities And Stockholders Equity2.1B1.5B1.6B1.8B2.1B1.1B
Non Current Liabilities Total793.3M228.5M191.2M382.5M439.9M337.3M
Inventory623.1M540.6M550.5M574.1M660.2M693.2M
Other Current Assets146.8M78.1M94M100.3M115.3M169.2M
Other Stockholder Equity195.9M205.7M188.4M166.7M191.7M210.0M
Property Plant And Equipment Gross225.4M195.8M367.9M394.9M454.1M476.8M
Total Current Assets1.4B937M1.0B1.1B1.3B692.8M
Accumulated Other Comprehensive Income(44.6M)(18.3M)(19.6M)(23.5M)(21.2M)(22.2M)
Short Term Debt(88M)(5.4M)11.1M(19.7M)(17.7M)(16.8M)
Intangible Assets6M4.5M3.3M63.7M73.3M65.6M
Accounts Payable191.6M127.2M156.4M158.5M182.3M118.9M
Current Deferred Revenue88M5.4M20.5M19.7M22.7M36.2M
Good Will115.7M119.3M116.4M175.8M202.2M104.8M
Other Liab112.1M122.4M34.9M64.6M74.3M53.8M
Other Assets59.6M55.5M55.6M72.3M83.1M91.1M
Long Term Debt600M133.7M98.9M269.7M310.2M320.6M
Treasury Stock(280.7M)(287.7M)(282.7M)(274.1M)(246.7M)(234.4M)
Property Plant Equipment135.7M195.8M109.6M126.1M113.5M164.6M
Net Tangible Assets780.9M825.6M914.8M859.6M988.5M783.6M
Retained Earnings Total Equity706M741.7M820.4M910.6M1.0B756.0M
Long Term Debt Total600M133.7M98.9M269.7M242.7M203.3M

AAR Corp Investors Sentiment

The influence of AAR Corp'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 AAR. 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 AAR Corp's public news can be used to forecast risks associated with an investment in AAR. The trend in average sentiment can be used to explain how an investor holding AAR can time the market purely based on public headlines and social activities around AAR Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
AAR Corp'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 AAR Corp'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 AAR Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on AAR Corp.
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 AAR Corp 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, AAR Corp's short interest history, or implied volatility extrapolated from AAR Corp options trading.

Pair Trading with AAR Corp

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

Moving against AAR Stock

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The ability to find closely correlated positions to AAR Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AAR Corp 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 AAR Corp - 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 AAR Corp to buy it.
The correlation of AAR Corp 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 AAR Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AAR Corp 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 AAR Corp 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 AAR Corp is a strong investment it is important to analyze AAR Corp'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 AAR Corp's future performance. For an informed investment choice regarding AAR Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AAR Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
To learn how to invest in AAR Stock, please use our How to Invest in AAR Corp guide.
You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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When running AAR Corp's price analysis, check to measure AAR Corp'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 AAR Corp is operating at the current time. Most of AAR Corp's value examination focuses on studying past and present price action to predict the probability of AAR Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AAR Corp's price. Additionally, you may evaluate how the addition of AAR Corp to your portfolios can decrease your overall portfolio volatility.
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Is AAR Corp'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 AAR Corp. If investors know AAR 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 AAR Corp 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
(0.37)
Earnings Share
1.69
Revenue Per Share
63.442
Quarterly Revenue Growth
0.089
Return On Assets
0.0538
The market value of AAR Corp is measured differently than its book value, which is the value of AAR that is recorded on the company's balance sheet. Investors also form their own opinion of AAR Corp's value that differs from its market value or its book value, called intrinsic value, which is AAR Corp'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 AAR Corp's market value can be influenced by many factors that don't directly affect AAR Corp'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 AAR Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if AAR Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AAR Corp'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.