Align Net Income Per Employee vs Free Cash Flow Analysis
ALGN Stock | USD 300.14 4.96 1.63% |
Trend analysis of Align Technology balance sheet accounts such as Short Long Term Debt Total of 101.8 M, Other Current Liabilities of 520.9 M or Total Current Liabilities of 2.2 B provides information on Align Technology's total assets, liabilities, and equity, which is the actual value of Align Technology to its prevalent stockholders. By breaking down trends over time using Align Technology balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
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About Align Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Align Technology at a specified time, usually calculated after every quarter, six months, or one year. Align Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Align Technology and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Align currently owns. An asset can also be divided into two categories, current and non-current.
Align Technology Balance Sheet Chart
Align Technology Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Align Technology uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Align Technology's Current Deferred Revenue is very stable compared to the past year. As of the 18th of April 2024, Retained Earnings is likely to grow to about 2.6 B, though Net Debt is likely to grow to (798.4 M). Add Fundamental
Total Assets
Total assets refers to the total amount of Align Technology assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Align Technology books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Align Technology balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Align Technology 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.Most indicators from Align Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Align Technology 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 Align Technology. 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. To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.At this time, Align Technology's Selling General Administrative is very stable compared to the past year. As of the 18th of April 2024, Tax Provision is likely to grow to about 231.9 M, while Issuance Of Capital Stock is likely to drop about 24.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 2.0B | 2.0B | 2.1B | 2.2B | Cost Of Revenue | 1.0B | 1.1B | 1.2B | 1.2B |
Align Technology fundamental ratios Correlations
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Align Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Align Technology fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.5B | 4.8B | 5.9B | 5.9B | 6.1B | 6.4B | |
Other Current Liab | 304.2M | 383.8M | 584.6M | 427.8M | 496.1M | 520.9M | |
Total Current Liabilities | 971.0M | 1.3B | 1.9B | 1.9B | 2.1B | 2.2B | |
Total Stockholder Equity | 1.3B | 3.2B | 3.6B | 3.6B | 3.6B | 3.8B | |
Property Plant And Equipment Net | 688.0M | 817.3M | 1.2B | 1.4B | 1.4B | 1.5B | |
Current Deferred Revenue | 563.8M | 777.9M | 1.2B | 1.3B | 1.4B | 1.5B | |
Net Debt | (507.0M) | (896.4M) | (996.7M) | (815.1M) | (840.5M) | (798.4M) | |
Retained Earnings | 439.9M | 2.2B | 2.6B | 2.6B | 2.4B | 2.6B | |
Accounts Payable | 87.3M | 142.1M | 163.9M | 127.9M | 113.1M | 118.8M | |
Cash | 550.4M | 960.8M | 1.1B | 942.1M | 937.4M | 984.3M | |
Non Current Assets Total | 867.3M | 3.0B | 3.4B | 3.5B | 3.6B | 3.8B | |
Cash And Short Term Investments | 868.6M | 960.8M | 1.2B | 999.6M | 972.7M | 1.0B | |
Net Receivables | 550.3M | 657.7M | 897.2M | 859.7M | 903.4M | 948.6M | |
Common Stock Shares Outstanding | 80.1M | 79.2M | 79.7M | 78.4M | 76.6M | 74.1M | |
Short Term Investments | 318.2M | 0.0 | 72.0M | 57.5M | 35.3M | 33.5M | |
Liabilities And Stockholders Equity | 2.5B | 4.8B | 5.9B | 5.9B | 6.1B | 6.4B | |
Non Current Liabilities Total | 183.6M | 270.2M | 395.3M | 420.7M | 386.8M | 406.1M | |
Inventory | 112.1M | 139.2M | 230.2M | 338.8M | 296.9M | 311.7M | |
Other Current Assets | 102.5M | 21.0M | 125.1M | 226.4M | 273.6M | 287.2M | |
Other Stockholder Equity | 906.9M | 974.6M | 999.0M | 1.0B | 1.2B | 674.1M | |
Total Liab | 1.2B | 1.6B | 2.3B | 2.3B | 2.5B | 2.6B | |
Property Plant And Equipment Gross | 631.7M | 817.3M | 1.2B | 1.4B | 2.0B | 2.1B | |
Total Current Assets | 1.6B | 1.8B | 2.5B | 2.4B | 2.4B | 2.6B | |
Accumulated Other Comprehensive Income | (688K) | 43.5M | 4.3M | (10.3M) | 21.2M | 22.2M | |
Short Term Debt | 15.7M | 21.7M | 22.7M | 26.6M | 29.7M | 17.5M | |
Non Currrent Assets Other | 33.7M | 35.2M | 57.5M | 55.8M | 128.7M | 135.1M | |
Other Assets | 97.7M | 1.7B | 1.6B | 1.6B | 1.9B | 2.0B | |
Property Plant Equipment | 631.7M | 734.7M | 1.2B | 1.4B | 1.6B | 1.6B | |
Other Liab | 140.1M | 205.8M | 292.7M | 320.4M | 368.4M | 386.8M | |
Good Will | 63.9M | 444.8M | 418.5M | 407.6M | 419.5M | 440.5M | |
Intangible Assets | 11.8M | 130.1M | 109.7M | 95.7M | 82.1M | 86.2M | |
Net Tangible Assets | 1.3B | 2.7B | 3.1B | 3.1B | 3.6B | 3.7B | |
Retained Earnings Total Equity | 378.1M | 439.9M | 2.2B | 2.6B | 3.0B | 3.2B | |
Capital Surpluse | 877.5M | 906.9M | 974.6M | 999.0M | 1.1B | 898.1M | |
Deferred Long Term Liab | 15.1M | 22.8M | 31.1M | 27.4M | 31.5M | 33.1M | |
Non Current Liabilities Other | 183.6M | 270.2M | 174.6M | 196.0M | 173.1M | 102.5M |
Align Technology Investors Sentiment
The influence of Align Technology'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 Align. 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 Align Technology's public news can be used to forecast risks associated with an investment in Align. The trend in average sentiment can be used to explain how an investor holding Align can time the market purely based on public headlines and social activities around Align Technology. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Align Technology'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 Align Technology'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 Align Technology's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Align Technology.
Align Technology Implied Volatility | 127.46 |
Align Technology's implied volatility exposes the market's sentiment of Align Technology stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Align Technology'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 Align Technology stock will not fluctuate a lot when Align Technology'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 Align Technology 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, Align Technology's short interest history, or implied volatility extrapolated from Align Technology options trading.
Pair Trading with Align Technology
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 Align Technology 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 Align Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Align Stock
0.86 | ELMD | Electromed | PairCorr |
0.78 | FEMY | Femasys Financial Report 9th of May 2024 | PairCorr |
Moving against Align Stock
0.89 | IVP | Inspire Veterinary | PairCorr |
0.8 | EMBC | Embecta Corp Financial Report 10th of May 2024 | PairCorr |
0.66 | TFX | Teleflex Incorporated Financial Report 2nd of May 2024 | PairCorr |
0.62 | DYNT | Dynatronics Financial Report 9th of May 2024 | PairCorr |
0.43 | AHG | Akso Health Group | PairCorr |
The ability to find closely correlated positions to Align Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Align Technology 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 Align Technology - 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 Align Technology to buy it.
The correlation of Align Technology 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 Align Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Align Technology 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 Align Technology 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Align Technology. 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. To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.Note that the Align Technology information on this page should be used as a complementary analysis to other Align Technology'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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Align Stock analysis
When running Align Technology's price analysis, check to measure Align Technology'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 Align Technology is operating at the current time. Most of Align Technology's value examination focuses on studying past and present price action to predict the probability of Align Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Align Technology's price. Additionally, you may evaluate how the addition of Align Technology to your portfolios can decrease your overall portfolio volatility.
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Is Align Technology'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 Align Technology. If investors know Align 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 Align Technology 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 2.06 | Earnings Share 5.8 | Revenue Per Share 50.536 | Quarterly Revenue Growth 0.061 | Return On Assets 0.0682 |
The market value of Align Technology is measured differently than its book value, which is the value of Align that is recorded on the company's balance sheet. Investors also form their own opinion of Align Technology's value that differs from its market value or its book value, called intrinsic value, which is Align Technology'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 Align Technology's market value can be influenced by many factors that don't directly affect Align Technology'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 Align Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Align Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Align Technology'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.