American Inventory vs Total Assets Analysis
AOUT Stock | USD 8.02 0.02 0.25% |
American Outdoor financial indicator trend analysis is way more than just evaluating American Outdoor Brands prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Outdoor Brands is a good investment. Please check the relationship between American Outdoor Inventory and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Outdoor Brands. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.
Inventory vs Total Assets
Inventory vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of American Outdoor Brands Inventory account and Total Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between American Outdoor's Inventory and Total Assets is -0.76. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Total Assets in the same time period over historical financial statements of American Outdoor Brands, assuming nothing else is changed. The correlation between historical values of American Outdoor's Inventory and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of American Outdoor Brands are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Inventory i.e., American Outdoor's Inventory and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.76 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Inventory
Total Assets
Total assets refers to the total amount of American Outdoor 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 American Outdoor Brands 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.Most indicators from American Outdoor's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Outdoor Brands 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 American Outdoor Brands. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. At this time, American Outdoor's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 23.64 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.24 in 2024.
2023 | 2024 (projected) | Depreciation And Amortization | 14.9M | 16.8M | Interest Income | 270K | 256.5K |
American Outdoor fundamental ratios Correlations
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American Outdoor Account Relationship Matchups
High Positive Relationship
High Negative Relationship
American Outdoor fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 248.4M | 341.3M | 277.8M | 243.6M | 219.2M | 234.5M | |
Other Current Liab | 11.1M | 18.6M | 11.6M | 10.6M | 9.5M | 10.1M | |
Total Current Liabilities | 21.4M | 36.3M | 27.0M | 23.0M | 26.5M | 28.1M | |
Total Stockholder Equity | 224.1M | 279.9M | 203.0M | 191.9M | 172.7M | 195.8M | |
Other Liab | 106K | 236K | 31K | 34K | 30.6K | 29.1K | |
Net Tangible Assets | 90.6M | 161.9M | 139.8M | 139.8M | 160.8M | 133.3M | |
Property Plant And Equipment Net | 12.4M | 36.4M | 34.5M | 33.7M | 38.7M | 28.5M | |
Net Debt | 3.9M | (34.3M) | 30.1M | 7.6M | 8.8M | 9.2M | |
Accounts Payable | 8.9M | 16.0M | 13.6M | 11.5M | 13.3M | 13.0M | |
Cash | 234K | 60.8M | 19.5M | 22.0M | 25.2M | 22.6M | |
Non Current Assets Total | 146.2M | 161.4M | 98.0M | 86.0M | 77.4M | 120.8M | |
Non Currrent Assets Other | 242K | 424K | 336K | 260K | 299K | 318.8K | |
Other Assets | 242K | 7.1M | 336K | 260K | 299K | 284.1K | |
Cash And Short Term Investments | 234K | 60.8M | 19.5M | 22.0M | 25.2M | 22.6M | |
Net Receivables | 35.2M | 42.4M | 30.1M | 28.1M | 25.3M | 26.1M | |
Liabilities And Stockholders Equity | 248.4M | 341.3M | 277.8M | 243.6M | 219.2M | 234.5M | |
Non Current Liabilities Total | 2.9M | 25.0M | 47.8M | 28.7M | 33.0M | 25.2M | |
Capital Lease Obligations | 4.2M | 26.6M | 24.9M | 25.0M | 28.7M | 17.7M | |
Inventory | 60.0M | 74.3M | 121.7M | 99.7M | 114.7M | 91.7M | |
Other Current Assets | 3.2M | 2.3M | 8.5M | 7.8M | 9.0M | 5.5M | |
Other Stockholder Equity | (224.1M) | 265.4M | 253.4M | 254.2M | 292.4M | 307.0M | |
Total Liab | 24.3M | 61.4M | 74.8M | 51.7M | 59.5M | 53.3M | |
Net Invested Capital | 224.1M | 279.9M | 227.7M | 196.5M | 176.8M | 200.5M | |
Property Plant And Equipment Gross | 12.4M | 36.4M | 34.5M | 33.7M | 38.7M | 28.5M | |
Total Current Assets | 102.3M | 179.8M | 179.8M | 157.6M | 181.3M | 156.3M | |
Non Current Liabilities Other | 106K | 236K | 23.1M | 24.1M | 27.7M | 29.1M | |
Net Working Capital | 80.9M | 143.5M | 152.8M | 134.6M | 154.8M | 128.2M | |
Intangible Assets | 69.2M | 53.6M | 63.2M | 52.0M | 46.8M | 52.1M | |
Property Plant Equipment | 12.4M | 36.4M | 10.6M | 9.5M | 8.5M | 13.0M |
Pair Trading with American Outdoor
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 Outdoor 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 Outdoor will appreciate offsetting losses from the drop in the long position's value.Moving together with American Stock
0.66 | BC | Brunswick | PairCorr |
The ability to find closely correlated positions to American Outdoor 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 Outdoor 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 Outdoor - 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 Outdoor Brands to buy it.
The correlation of American Outdoor 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 Outdoor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Outdoor Brands 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 Outdoor 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 American Outdoor Brands. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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When running American Outdoor's price analysis, check to measure American Outdoor'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 Outdoor is operating at the current time. Most of American Outdoor's value examination focuses on studying past and present price action to predict the probability of American Outdoor'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 Outdoor's price. Additionally, you may evaluate how the addition of American Outdoor to your portfolios can decrease your overall portfolio volatility.
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Is American Outdoor'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 American Outdoor. If investors know American 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 American Outdoor 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 (0.79) | Earnings Share (0.82) | Revenue Per Share 15.056 | Quarterly Revenue Growth 0.05 | Return On Assets (0.03) |
The market value of American Outdoor Brands is measured differently than its book value, which is the value of American that is recorded on the company's balance sheet. Investors also form their own opinion of American Outdoor's value that differs from its market value or its book value, called intrinsic value, which is American Outdoor'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 American Outdoor's market value can be influenced by many factors that don't directly affect American Outdoor'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 American Outdoor's value and its price as these two are different measures arrived at by different means. Investors typically determine if American Outdoor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Outdoor'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.