American Gross Profit vs Inventory Turnover Analysis

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

Gross Profit vs Inventory Turnover

Gross Profit vs Inventory Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of American Superconductor Gross Profit account and Inventory Turnover. At this time, the significance of the direction appears to have almost no relationship.

The correlation between American Superconductor's Gross Profit and Inventory Turnover is 0.14. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of American Superconductor, assuming nothing else is changed. The correlation between historical values of American Superconductor's Gross Profit 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 Gross Profit of American Superconductor 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 Gross Profit i.e., American Superconductor's Gross Profit and Inventory Turnover go up and down completely randomly.

Correlation Coefficient

0.14

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of American Superconductor minus its cost of goods sold. It is profit before American Superconductor operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

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

The current year's Enterprise Value is expected to grow to about 183.6 M, whereas Selling General Administrative is forecasted to decline to about 23.8 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	40.4M	40.4M	46.5M	42.0M
Cost Of Revenue	94.9M	97.5M	112.1M	64.7M

Total Operating Expenses Cost Of Revenue

American Superconductor fundamental ratios Correlations

	Total Assets	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	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Non Currrent Assets Other	Inventory	Other Current Assets	Common Stock Total Equity	Common Stock	Short Long Term Debt Total	Current Deferred Revenue	Non Current Liabilities Total
Total Assets		0.67	0.84	0.92	0.57	-0.02	-0.42	0.39	0.2	0.93	0.15	0.61	0.18	0.5	0.84	0.56	0.92	0.48	0.43	0.72	0.69	0.67	0.67	0.63	0.56	0.28
Other Current Liab	0.67		0.64	0.61	0.37	0.26	-0.32	-0.27	-0.12	0.77	-0.17	0.41	0.19	0.34	0.63	0.37	0.44	0.44	0.23	0.55	0.39	0.51	0.52	0.34	0.45	-0.02
Total Current Liabilities	0.84	0.64		0.71	0.31	0.31	-0.37	0.42	-0.07	0.78	-0.23	0.89	0.44	0.35	1.0	0.31	0.76	0.61	0.18	0.96	0.53	0.47	0.48	0.38	0.89	0.21
Total Stockholder Equity	0.92	0.61	0.71		0.59	-0.19	-0.31	0.25	0.41	0.87	0.3	0.46	0.09	0.31	0.71	0.58	0.83	0.42	0.47	0.55	0.66	0.69	0.69	0.69	0.38	0.13
Property Plant And Equipment Net	0.57	0.37	0.31	0.59		0.13	-0.02	0.16	-0.05	0.7	-0.06	-0.08	-0.6	0.1	0.28	1.0	0.34	-0.39	0.76	0.2	0.71	0.57	0.56	0.85	-0.09	-0.19
Net Debt	-0.02	0.26	0.31	-0.19	0.13		0.12	0.03	-0.91	0.19	-0.88	0.28	-0.04	-0.14	0.29	0.13	-0.25	-0.03	0.13	0.43	0.11	0.0	0.0	0.03	0.42	-0.11
Retained Earnings	-0.42	-0.32	-0.37	-0.31	-0.02	0.12		-0.33	-0.18	-0.31	-0.21	-0.45	-0.62	-0.91	-0.44	-0.01	-0.47	-0.41	0.34	-0.45	0.27	-0.09	-0.09	0.15	-0.37	-0.7
Accounts Payable	0.39	-0.27	0.42	0.25	0.16	0.03	-0.33		0.11	0.24	0.04	0.49	0.19	0.33	0.46	0.16	0.49	0.14	0.06	0.46	0.17	0.12	0.12	0.22	0.41	0.6
Cash	0.2	-0.12	-0.07	0.41	-0.05	-0.91	-0.18	0.11		0.0	0.84	-0.08	0.13	0.12	-0.04	-0.05	0.38	0.17	-0.05	-0.18	-0.06	0.22	0.21	0.12	-0.2	0.22
Non Current Assets Total	0.93	0.77	0.78	0.87	0.7	0.19	-0.31	0.24	0.0		-0.1	0.49	0.02	0.38	0.77	0.69	0.7	0.37	0.48	0.67	0.7	0.68	0.68	0.68	0.48	0.13
Cash And Short Term Investments	0.15	-0.17	-0.23	0.3	-0.06	-0.88	-0.21	0.04	0.84	-0.1		-0.23	0.03	0.24	-0.2	-0.06	0.39	0.03	0.08	-0.36	-0.08	0.16	0.16	0.1	-0.37	0.31
Net Receivables	0.61	0.41	0.89	0.46	-0.08	0.28	-0.45	0.49	-0.08	0.49	-0.23		0.73	0.38	0.9	-0.08	0.64	0.74	-0.21	0.91	0.19	0.16	0.17	-0.04	0.95	0.38
Common Stock Shares Outstanding	0.18	0.19	0.44	0.09	-0.6	-0.04	-0.62	0.19	0.13	0.02	0.03	0.73		0.5	0.49	-0.61	0.33	0.83	-0.7	0.53	-0.41	-0.19	-0.18	-0.57	0.69	0.54
Other Stockholder Equity	0.5	0.34	0.35	0.31	0.1	-0.14	-0.91	0.33	0.12	0.38	0.24	0.38	0.5		0.41	0.1	0.55	0.36	-0.23	0.4	-0.11	0.15	0.16	-0.07	0.3	0.71
Total Liab	0.84	0.63	1.0	0.71	0.28	0.29	-0.44	0.46	-0.04	0.77	-0.2	0.9	0.49	0.41		0.28	0.78	0.63	0.14	0.97	0.47	0.47	0.48	0.34	0.9	0.3
Property Plant And Equipment Gross	0.56	0.37	0.31	0.58	1.0	0.13	-0.01	0.16	-0.05	0.69	-0.06	-0.08	-0.61	0.1	0.28		0.33	-0.4	0.76	0.2	0.71	0.57	0.56	0.85	-0.09	-0.2
Total Current Assets	0.92	0.44	0.76	0.83	0.34	-0.25	-0.47	0.49	0.38	0.7	0.39	0.64	0.33	0.55	0.78	0.33		0.51	0.3	0.65	0.56	0.54	0.55	0.48	0.55	0.39
Intangible Assets	0.48	0.44	0.61	0.42	-0.39	-0.03	-0.41	0.14	0.17	0.37	0.03	0.74	0.83	0.36	0.63	-0.4	0.51		-0.39	0.6	-0.01	0.11	0.12	-0.21	0.72	0.39
Non Currrent Assets Other	0.43	0.23	0.18	0.47	0.76	0.13	0.34	0.06	-0.05	0.48	0.08	-0.21	-0.7	-0.23	0.14	0.76	0.3	-0.39		0.05	0.76	0.7	0.7	0.92	-0.16	-0.27
Inventory	0.72	0.55	0.96	0.55	0.2	0.43	-0.45	0.46	-0.18	0.67	-0.36	0.91	0.53	0.4	0.97	0.2	0.65	0.6	0.05		0.37	0.39	0.4	0.24	0.94	0.28
Other Current Assets	0.69	0.39	0.53	0.66	0.71	0.11	0.27	0.17	-0.06	0.7	-0.08	0.19	-0.41	-0.11	0.47	0.71	0.56	-0.01	0.76	0.37		0.54	0.54	0.84	0.2	-0.36
Common Stock Total Equity	0.67	0.51	0.47	0.69	0.57	0.0	-0.09	0.12	0.22	0.68	0.16	0.16	-0.19	0.15	0.47	0.57	0.54	0.11	0.7	0.39	0.54		1.0	0.76	0.21	0.12
Common Stock	0.67	0.52	0.48	0.69	0.56	0.0	-0.09	0.12	0.21	0.68	0.16	0.17	-0.18	0.16	0.48	0.56	0.55	0.12	0.7	0.4	0.54	1.0		0.76	0.22	0.12
Short Long Term Debt Total	0.63	0.34	0.38	0.69	0.85	0.03	0.15	0.22	0.12	0.68	0.1	-0.04	-0.57	-0.07	0.34	0.85	0.48	-0.21	0.92	0.24	0.84	0.76	0.76		-0.01	-0.19
Current Deferred Revenue	0.56	0.45	0.89	0.38	-0.09	0.42	-0.37	0.41	-0.2	0.48	-0.37	0.95	0.69	0.3	0.9	-0.09	0.55	0.72	-0.16	0.94	0.2	0.21	0.22	-0.01		0.32
Non Current Liabilities Total	0.28	-0.02	0.21	0.13	-0.19	-0.11	-0.7	0.6	0.22	0.13	0.31	0.38	0.54	0.71	0.3	-0.2	0.39	0.39	-0.27	0.28	-0.36	0.12	0.12	-0.19	0.32

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American Superconductor Account Relationship Matchups

American Superconductor fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	124.1M	168.9M	173.9M	175.6M	201.9M	168.0M
Other Current Liab	12.0M	21.5M	17.1M	25.7M	23.1M	22.0M
Total Current Liabilities	41.0M	40.7M	54.0M	84.1M	96.7M	101.6M
Total Stockholder Equity	72.2M	116.6M	109.4M	81.8M	94.1M	123.7M
Property Plant And Equipment Net	11.9M	12.7M	17.2M	15.2M	17.4M	16.6M
Net Debt	(21.3M)	(64.0M)	(36.8M)	(20.3M)	(18.3M)	(19.2M)
Retained Earnings	(978.6M)	(1.0B)	(1.0B)	(1.1B)	(950.0M)	(902.5M)
Accounts Payable	10.0M	5.4M	13.2M	13.9M	16.0M	12.8M
Cash	24.7M	67.8M	40.6M	23.4M	26.9M	44.6M
Non Current Assets Total	29.8M	63.6M	79.6M	69.4M	79.8M	69.9M
Cash And Short Term Investments	54.8M	73.0M	40.6M	23.4M	26.9M	25.5M
Net Receivables	17.0M	13.3M	20.3M	30.7M	35.3M	37.0M
Common Stock Shares Outstanding	21.1M	23.9M	27.2M	27.8M	32.0M	33.6M
Liabilities And Stockholders Equity	124.1M	168.9M	173.9M	175.6M	201.9M	168.0M
Other Stockholder Equity	1.1B	1.1B	1.1B	1.1B	1.3B	655.3M
Total Liab	51.9M	52.3M	64.5M	93.8M	107.8M	113.2M
Property Plant And Equipment Gross	11.9M	12.7M	13.7M	15.2M	17.4M	16.6M
Total Current Assets	94.3M	105.2M	94.3M	106.2M	122.1M	98.1M
Accumulated Other Comprehensive Income	(216K)	(277K)	(291K)	1.6M	1.8M	1.9M
Intangible Assets	3.6M	9.2M	11.3M	8.5M	9.8M	10.3M
Non Currrent Assets Other	6.0M	314K	239K	528K	475.2K	451.4K
Inventory	19.0M	13.3M	23.7M	37.0M	42.5M	44.7M
Other Current Assets	3.5M	5.7M	9.8M	13.4M	15.4M	9.2M
Common Stock Total Equity	216K	229K	280K	289K	332.4K	329.6K
Common Stock	229K	280K	289K	299K	343.9K	329.5K
Current Deferred Revenue	18.4M	13.3M	22.8M	43.6M	50.1M	52.6M
Non Current Liabilities Total	10.9M	11.5M	10.5M	9.7M	11.1M	7.9M
Short Term Debt	439K	612K	812K	883K	1.0M	1.1M
Other Liab	9.8M	7.9M	8.3M	7.5M	8.7M	5.9M
Other Assets	2.4M	7.6M	7.1M	7.6M	8.8M	6.0M
Property Plant Equipment	9.0M	8.6M	9.0M	17.2M	15.4M	14.7M
Net Tangible Assets	76.6M	68.7M	107.4M	54.6M	49.1M	83.7M
Retained Earnings Total Equity	(961.5M)	(978.6M)	(1.0B)	(1.0B)	(918.5M)	(964.4M)
Capital Surpluse	1.0B	1.1B	1.1B	1.1B	1.3B	1.1B
Treasury Stock	(2.1M)	(2.7M)	(3.6M)	(3.6M)	(3.3M)	(3.1M)

Pair Trading with American Superconductor

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

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

The correlation of American Superconductor 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 American Superconductor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Superconductor 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 American Superconductor 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

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

You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Other Tools for American Stock

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

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American Gross Profit vs Inventory Turnover Analysis

Gross Profit vs Inventory Turnover

Gross Profit vs Inventory Turnover Correlation Analysis

Correlation Coefficient

Gross Profit

Inventory Turnover

American Superconductor fundamental ratios Correlations

American Superconductor Account Relationship Matchups

High Positive Relationship

High Negative Relationship

American Superconductor fundamental ratios Accounts

Pair Trading with American Superconductor

Other Tools for American Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Common Stock	+ 1.0	Common Stock Total Equity
Inventory	+ 0.97	Total Liab
Inventory	+ 0.96	Total Current Liabilities
Current Deferred Revenue	+ 0.95	Net Receivables

Other Stockholder Equity	- 0.91	Retained Earnings
Cash	- 0.91	Net Debt
Cash And Short Term Investments	- 0.88	Net Debt
Non Currrent Assets Other	- 0.7	Common Stock Shares Outstanding
Non Current Liabilities Total	- 0.7	Retained Earnings
Common Stock Shares Outstanding	- 0.62	Retained Earnings