Smith Cash vs Property Plant And Equipment Gross Analysis

AOS Stock  USD 86.40  0.34  0.40%   
Smith AO financial indicator trend analysis is much more than just breaking down Smith AO prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Smith AO is a good investment. Please check the relationship between Smith AO Cash and its Property Plant And Equipment Gross accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Smith AO. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
For more information on how to buy Smith Stock please use our How to Invest in Smith AO guide.

Cash vs Property Plant And Equipment Gross

Cash vs Property Plant And Equipment Gross Correlation Analysis

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

Correlation Coefficient

0.2
Relationship DirectionPositive 
Relationship StrengthVery Weak

Cash

Cash refers to the most liquid asset of Smith AO, which is listed under current asset account on Smith AO balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Smith AO customers. The amounts must be unrestricted with restricted cash listed in a different Smith AO account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Property Plant And Equipment Gross

Most indicators from Smith AO's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Smith AO 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 Smith AO. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
For more information on how to buy Smith Stock please use our How to Invest in Smith AO guide.Enterprise Value is likely to gain to about 12.8 B in 2024, whereas Selling General Administrative is likely to drop slightly above 367.3 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit1.3B1.3B1.5B1.6B
Total Revenue3.5B3.8B3.9B2.0B

Smith AO fundamental ratios Correlations

0.330.130.780.820.9-0.340.60.70.980.270.760.98-0.420.630.570.59-0.410.970.20.98-0.570.95-0.650.650.71
0.33-0.20.160.190.070.450.020.350.26-0.140.510.210.070.890.110.250.070.51-0.110.370.10.140.050.10.13
0.13-0.20.620.560.41-0.40.790.130.240.62-0.330.13-0.84-0.170.780.37-0.830.10.980.02-0.260.22-0.390.680.58
0.780.160.620.950.87-0.540.930.650.820.580.380.75-0.820.380.90.62-0.80.780.650.71-0.580.84-0.70.890.88
0.820.190.560.950.86-0.540.880.690.840.440.480.82-0.740.480.820.69-0.70.790.630.77-0.580.81-0.740.870.87
0.90.070.410.870.86-0.440.820.560.930.610.450.9-0.720.330.770.71-0.720.830.440.83-0.710.95-0.740.830.86
-0.340.45-0.4-0.54-0.54-0.44-0.51-0.66-0.41-0.2-0.1-0.340.470.21-0.39-0.120.4-0.22-0.39-0.270.2-0.430.41-0.38-0.36
0.60.020.790.930.880.82-0.510.480.690.770.080.59-0.970.170.960.63-0.950.570.820.49-0.570.69-0.620.920.88
0.70.350.130.650.690.56-0.660.480.70.050.610.6-0.350.530.420.31-0.280.710.20.67-0.140.62-0.390.420.45
0.980.260.240.820.840.93-0.410.690.70.370.620.95-0.540.550.670.57-0.530.940.320.92-0.530.95-0.620.690.72
0.27-0.140.620.580.440.61-0.20.770.050.37-0.220.27-0.85-0.180.740.38-0.880.230.590.17-0.620.45-0.320.740.72
0.760.51-0.330.380.480.45-0.10.080.610.62-0.220.730.130.750.020.350.170.78-0.270.85-0.370.63-0.430.280.37
0.980.210.130.750.820.9-0.340.590.60.950.270.73-0.40.550.530.61-0.390.920.190.97-0.670.94-0.710.670.72
-0.420.07-0.84-0.82-0.74-0.720.47-0.97-0.35-0.54-0.850.13-0.40.01-0.94-0.560.99-0.39-0.85-0.30.49-0.540.5-0.85-0.8
0.630.89-0.170.380.480.330.210.170.530.55-0.180.750.550.010.220.380.030.76-0.040.67-0.080.42-0.190.250.29
0.570.110.780.90.820.77-0.390.960.420.670.740.020.53-0.940.220.59-0.940.570.810.46-0.450.65-0.560.840.8
0.590.250.370.620.690.71-0.120.630.310.570.380.350.61-0.560.380.59-0.540.560.390.58-0.550.56-0.780.70.72
-0.410.07-0.83-0.8-0.7-0.720.4-0.95-0.28-0.53-0.880.17-0.390.990.03-0.94-0.54-0.38-0.84-0.290.5-0.550.49-0.84-0.79
0.970.510.10.780.790.83-0.220.570.710.940.230.780.92-0.390.760.570.56-0.380.180.96-0.480.91-0.570.620.67
0.2-0.110.980.650.630.44-0.390.820.20.320.59-0.270.19-0.85-0.040.810.39-0.840.180.09-0.240.26-0.350.70.59
0.980.370.020.710.770.83-0.270.490.670.920.170.850.97-0.30.670.460.58-0.290.960.09-0.580.92-0.660.60.66
-0.570.1-0.26-0.58-0.58-0.710.2-0.57-0.14-0.53-0.62-0.37-0.670.49-0.08-0.45-0.550.5-0.48-0.24-0.58-0.670.7-0.77-0.82
0.950.140.220.840.810.95-0.430.690.620.950.450.630.94-0.540.420.650.56-0.550.910.260.92-0.67-0.70.730.78
-0.650.05-0.39-0.7-0.74-0.740.41-0.62-0.39-0.62-0.32-0.43-0.710.5-0.19-0.56-0.780.49-0.57-0.35-0.660.7-0.7-0.75-0.78
0.650.10.680.890.870.83-0.380.920.420.690.740.280.67-0.850.250.840.7-0.840.620.70.6-0.770.73-0.750.99
0.710.130.580.880.870.86-0.360.880.450.720.720.370.72-0.80.290.80.72-0.790.670.590.66-0.820.78-0.780.99
Click cells to compare fundamentals

Smith AO Account Relationship Matchups

Smith AO fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.1B3.2B3.5B3.3B3.2B1.9B
Short Long Term Debt Total322.7M147.6M219M366.9M155.2M272.3M
Other Current Liab250.1M284.3M366.1M298.4M935.3M982.1M
Total Current Liabilities766.5M886.3M1.1B934.2M945.3M992.6M
Total Stockholder Equity1.7B1.8B1.8B1.7B1.8B1.9B
Property Plant And Equipment Net592.3M582.9M639.2M620.5M634.8M424.6M
Net Debt(51.3M)(425.5M)(224.3M)(24.3M)(184.7M)(175.5M)
Retained Earnings2.3B2.5B2.8B2.9B3.3B3.4B
Cash374M573.1M443.3M391.2M339.9M356.9M
Non Current Assets Total1.6B1.5B1.7B1.7B1.7B1.0B
Non Currrent Assets Other80.9M89.1M90M110.5M108.7M95.7M
Cash And Short Term Investments551.4M689.6M631.4M481.8M363.4M236.9M
Net Receivables589.5M585M634.4M581.2M596M343.3M
Common Stock Shares Outstanding166.7M162.6M161.3M155.8M151.0M148.3M
Liabilities And Stockholders Equity3.1B3.2B3.5B3.3B3.2B1.9B
Non Current Liabilities Total624.7M426.1M523.4M650.4M424.2M506.0M
Inventory303M300.1M447.7M516.4M497.4M522.3M
Other Current Assets56.5M43.3M39.1M54.3M43.5M47.7M
Other Stockholder Equity(603.7M)(635.5M)(958.2M)(1.3B)(1.6B)(1.5B)
Total Liab1.4B1.3B1.6B1.6B1.4B971.7M
Property Plant And Equipment Gross592.3M582.9M639.2M620.5M1.5B1.5B
Total Current Assets1.5B1.6B1.8B1.6B1.5B861.5M
Accumulated Other Comprehensive Income(348.3M)(321.2M)(331.4M)(82.4M)(84.2M)(88.4M)
Short Term Debt7.5M0.06.8M10M9M11.8M
Accounts Payable509.6M595.2M745.9M625.8M600.4M304.8M
Good Will546M546.8M627.8M619.7M633.4M480.3M
Intangible Assets338.4M323.9M364.8M347.9M336.7M297.9M
Other Liab308.8M285.3M311.2M293.5M337.5M306.7M
Other Assets80.9M16M90M110.5M99.5M70.7M
Long Term Debt277.2M106.4M189.9M334.5M117.3M213.7M
Treasury Stock(1.1B)(1.2B)(1.5B)(1.9B)(1.7B)(1.6B)
Property Plant Equipment545.4M541.3M639.2M620.5M713.6M469.3M
Net Tangible Assets782.4M977.6M839.6M780.1M897.1M756.9M
Retained Earnings Total Equity2.3B2.5B2.8B2.9B3.3B1.8B
Short Term Investments177.4M116.5M188.1M90.6M23.5M22.3M
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 Smith AO 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, Smith AO's short interest history, or implied volatility extrapolated from Smith AO options trading.

Pair Trading with Smith AO

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

Moving together with Smith Stock

  0.63IR Ingersoll RandPairCorr

Moving against Smith Stock

  0.48ATS ATS Corporation Earnings Call This WeekPairCorr
The ability to find closely correlated positions to Smith AO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Smith AO 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 Smith AO - 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 Smith AO to buy it.
The correlation of Smith AO 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 Smith AO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Smith AO 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 Smith AO 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 Smith AO is a strong investment it is important to analyze Smith AO'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 Smith AO's future performance. For an informed investment choice regarding Smith Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Smith AO. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
For more information on how to buy Smith Stock please use our How to Invest in Smith AO guide.
You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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When running Smith AO's price analysis, check to measure Smith AO'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 Smith AO is operating at the current time. Most of Smith AO's value examination focuses on studying past and present price action to predict the probability of Smith AO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smith AO's price. Additionally, you may evaluate how the addition of Smith AO to your portfolios can decrease your overall portfolio volatility.
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Is Smith AO'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 Smith AO. If investors know Smith 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 Smith AO 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
0.19
Dividend Share
1.24
Earnings Share
3.85
Revenue Per Share
25.937
Quarterly Revenue Growth
0.013
The market value of Smith AO is measured differently than its book value, which is the value of Smith that is recorded on the company's balance sheet. Investors also form their own opinion of Smith AO's value that differs from its market value or its book value, called intrinsic value, which is Smith AO'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 Smith AO's market value can be influenced by many factors that don't directly affect Smith AO'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 Smith AO's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smith AO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smith AO'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.