Smith Other Current Assets vs Inventory Analysis
AOS Stock | USD 86.06 0.32 0.37% |
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 Other Current Assets and its Inventory 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.
Other Current Assets vs Inventory
Other Current Assets vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Smith AO Other Current Assets account and Inventory. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Smith AO's Other Current Assets and Inventory is 0.59. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Inventory 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 Other Current Assets and Inventory 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 Smith AO are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Other Current Assets i.e., Smith AO's Other Current Assets and Inventory go up and down completely randomly.
Correlation Coefficient | 0.59 |
Relationship Direction | Positive |
Relationship Strength | Weak |
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.Inventory
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 Profit | 1.3B | 1.3B | 1.5B | 1.6B | Total Revenue | 3.5B | 3.8B | 3.9B | 2.0B |
Smith AO fundamental ratios Correlations
Click cells to compare fundamentals
Smith AO Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Smith AO fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.1B | 3.2B | 3.5B | 3.3B | 3.2B | 1.9B | |
Short Long Term Debt Total | 322.7M | 147.6M | 219M | 366.9M | 155.2M | 272.3M | |
Other Current Liab | 250.1M | 284.3M | 366.1M | 298.4M | 935.3M | 982.1M | |
Total Current Liabilities | 766.5M | 886.3M | 1.1B | 934.2M | 945.3M | 992.6M | |
Total Stockholder Equity | 1.7B | 1.8B | 1.8B | 1.7B | 1.8B | 1.9B | |
Property Plant And Equipment Net | 592.3M | 582.9M | 639.2M | 620.5M | 634.8M | 424.6M | |
Net Debt | (51.3M) | (425.5M) | (224.3M) | (24.3M) | (184.7M) | (175.5M) | |
Retained Earnings | 2.3B | 2.5B | 2.8B | 2.9B | 3.3B | 3.4B | |
Cash | 374M | 573.1M | 443.3M | 391.2M | 339.9M | 356.9M | |
Non Current Assets Total | 1.6B | 1.5B | 1.7B | 1.7B | 1.7B | 1.0B | |
Non Currrent Assets Other | 80.9M | 89.1M | 90M | 110.5M | 108.7M | 95.7M | |
Cash And Short Term Investments | 551.4M | 689.6M | 631.4M | 481.8M | 363.4M | 236.9M | |
Net Receivables | 589.5M | 585M | 634.4M | 581.2M | 596M | 343.3M | |
Common Stock Shares Outstanding | 166.7M | 162.6M | 161.3M | 155.8M | 151.0M | 148.3M | |
Liabilities And Stockholders Equity | 3.1B | 3.2B | 3.5B | 3.3B | 3.2B | 1.9B | |
Non Current Liabilities Total | 624.7M | 426.1M | 523.4M | 650.4M | 424.2M | 506.0M | |
Inventory | 303M | 300.1M | 447.7M | 516.4M | 497.4M | 522.3M | |
Other Current Assets | 56.5M | 43.3M | 39.1M | 54.3M | 43.5M | 47.7M | |
Other Stockholder Equity | (603.7M) | (635.5M) | (958.2M) | (1.3B) | (1.6B) | (1.5B) | |
Total Liab | 1.4B | 1.3B | 1.6B | 1.6B | 1.4B | 971.7M | |
Property Plant And Equipment Gross | 592.3M | 582.9M | 639.2M | 620.5M | 1.5B | 1.5B | |
Total Current Assets | 1.5B | 1.6B | 1.8B | 1.6B | 1.5B | 861.5M | |
Accumulated Other Comprehensive Income | (348.3M) | (321.2M) | (331.4M) | (82.4M) | (84.2M) | (88.4M) | |
Short Term Debt | 7.5M | 0.0 | 6.8M | 10M | 9M | 11.8M | |
Accounts Payable | 509.6M | 595.2M | 745.9M | 625.8M | 600.4M | 304.8M | |
Good Will | 546M | 546.8M | 627.8M | 619.7M | 633.4M | 480.3M | |
Intangible Assets | 338.4M | 323.9M | 364.8M | 347.9M | 336.7M | 297.9M | |
Other Liab | 308.8M | 285.3M | 311.2M | 293.5M | 337.5M | 306.7M | |
Other Assets | 80.9M | 16M | 90M | 110.5M | 99.5M | 70.7M | |
Long Term Debt | 277.2M | 106.4M | 189.9M | 334.5M | 117.3M | 213.7M | |
Treasury Stock | (1.1B) | (1.2B) | (1.5B) | (1.9B) | (1.7B) | (1.6B) | |
Property Plant Equipment | 545.4M | 541.3M | 639.2M | 620.5M | 713.6M | 469.3M | |
Net Tangible Assets | 782.4M | 977.6M | 839.6M | 780.1M | 897.1M | 756.9M | |
Retained Earnings Total Equity | 2.3B | 2.5B | 2.8B | 2.9B | 3.3B | 1.8B | |
Short Term Investments | 177.4M | 116.5M | 188.1M | 90.6M | 23.5M | 22.3M |
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
0.67 | IR | Ingersoll Rand | PairCorr |
Moving against Smith Stock
0.49 | ATS | ATS Corporation Earnings Call Next Week | PairCorr |
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.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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Smith Stock analysis
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.