AdvanSix Retained Earnings vs Capital Stock Analysis

ASIX Stock  USD 22.91  1.05  4.38%   
AdvanSix financial indicator trend analysis is way more than just evaluating AdvanSix prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AdvanSix is a good investment. Please check the relationship between AdvanSix Retained Earnings and its Capital Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AdvanSix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy AdvanSix Stock please use our How to Invest in AdvanSix guide.

Retained Earnings vs Capital Stock

Retained Earnings vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AdvanSix Retained Earnings account and Capital Stock. At this time, the significance of the direction appears to have almost no relationship.
The correlation between AdvanSix's Retained Earnings and Capital Stock is 0.15. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Capital Stock in the same time period over historical financial statements of AdvanSix, assuming nothing else is changed. The correlation between historical values of AdvanSix's Retained Earnings and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of AdvanSix are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Retained Earnings i.e., AdvanSix's Retained Earnings and Capital Stock go up and down completely randomly.

Correlation Coefficient

0.15
Relationship DirectionPositive 
Relationship StrengthInsignificant

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Capital Stock

The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.
Most indicators from AdvanSix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AdvanSix 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 AdvanSix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy AdvanSix Stock please use our How to Invest in AdvanSix guide.Tax Provision is likely to rise to about 25.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 78 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit274.1M314.5M174.9M211.0M
Total Revenue1.7B1.9B1.5B1.7B

AdvanSix fundamental ratios Correlations

-0.68-0.6-0.5-0.46-0.55-0.690.43-0.2-0.68-0.03-0.48-0.190.03-0.76-0.58-0.57-0.560.22-0.63-0.89-0.39-0.480.54-0.63-0.04
-0.680.930.780.760.870.97-0.510.350.99-0.240.650.470.110.710.780.740.84-0.220.870.750.670.81-0.790.980.11
-0.60.930.770.820.790.87-0.570.390.89-0.240.550.530.350.680.630.650.81-0.180.730.690.760.76-0.690.880.21
-0.50.780.770.80.540.64-0.10.820.7-0.630.170.460.510.830.360.80.650.160.530.620.910.91-0.480.690.39
-0.460.760.820.80.380.65-0.250.540.7-0.50.10.320.390.740.20.820.55-0.250.340.60.770.85-0.250.710.69
-0.550.870.790.540.380.9-0.60.150.90.00.880.49-0.040.470.950.390.86-0.170.970.60.410.56-0.970.88-0.37
-0.690.970.870.640.650.9-0.580.150.99-0.120.750.34-0.070.580.860.650.78-0.270.910.690.480.67-0.830.98-0.01
0.43-0.51-0.57-0.1-0.25-0.6-0.580.14-0.55-0.52-0.75-0.36-0.05-0.18-0.590.07-0.440.29-0.55-0.5-0.11-0.070.61-0.60.26
-0.20.350.390.820.540.150.150.140.23-0.6-0.190.340.680.7-0.080.480.330.380.090.40.770.71-0.140.260.41
-0.680.990.890.70.70.90.99-0.550.23-0.170.710.39-0.020.650.840.70.83-0.270.90.730.550.74-0.820.990.03
-0.03-0.24-0.24-0.63-0.50.0-0.12-0.52-0.6-0.170.3-0.17-0.34-0.390.17-0.55-0.19-0.020.020.06-0.55-0.62-0.06-0.13-0.47
-0.480.650.550.170.10.880.75-0.75-0.190.710.30.4-0.190.180.910.020.6-0.290.860.430.080.17-0.920.7-0.62
-0.190.470.530.460.320.490.34-0.360.340.39-0.170.40.50.420.370.140.67-0.190.430.350.670.44-0.510.38-0.17
0.030.110.350.510.39-0.04-0.07-0.050.68-0.02-0.34-0.190.50.31-0.260.070.080.41-0.130.10.730.280.0-0.020.33
-0.760.710.680.830.740.470.58-0.180.70.65-0.390.180.420.310.330.770.7-0.150.470.880.750.87-0.410.640.36
-0.580.780.630.360.20.950.86-0.59-0.080.840.170.910.37-0.260.330.320.74-0.180.980.550.220.37-0.940.81-0.49
-0.570.740.650.80.820.390.650.070.480.7-0.550.020.140.070.770.320.56-0.110.450.630.670.87-0.250.670.6
-0.560.840.810.650.550.860.78-0.440.330.83-0.190.60.670.080.70.740.56-0.330.810.70.610.76-0.770.81-0.1
0.22-0.22-0.180.16-0.25-0.17-0.270.290.38-0.27-0.02-0.29-0.190.41-0.15-0.18-0.11-0.33-0.13-0.20.14-0.160.1-0.27-0.01
-0.630.870.730.530.340.970.91-0.550.090.90.020.860.43-0.130.470.980.450.81-0.130.620.380.52-0.950.87-0.36
-0.890.750.690.620.60.60.69-0.50.40.730.060.430.350.10.880.550.630.7-0.20.620.550.66-0.560.730.15
-0.390.670.760.910.770.410.48-0.110.770.55-0.550.080.670.730.750.220.670.610.140.380.550.81-0.360.530.43
-0.480.810.760.910.850.560.67-0.070.710.74-0.620.170.440.280.870.370.870.76-0.160.520.660.81-0.440.740.43
0.54-0.79-0.69-0.48-0.25-0.97-0.830.61-0.14-0.82-0.06-0.92-0.510.0-0.41-0.94-0.25-0.770.1-0.95-0.56-0.36-0.44-0.790.51
-0.630.980.880.690.710.880.98-0.60.260.99-0.130.70.38-0.020.640.810.670.81-0.270.870.730.530.74-0.790.06
-0.040.110.210.390.69-0.37-0.010.260.410.03-0.47-0.62-0.170.330.36-0.490.6-0.1-0.01-0.360.150.430.430.510.06
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AdvanSix Account Relationship Matchups

AdvanSix fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding28.9M28.2M29.0M29.0M28.0M23.9M
Total Assets1.2B1.3B1.3B1.5B1.5B1.3B
Other Current Liab28.1M41.2M49.7M48.8M52.1M39.7M
Total Current Liabilities291.7M287.0M309.8M393.5M358.9M333.2M
Total Stockholder Equity400.9M444.1M601.2M738.2M739.2M531.5M
Other Liab147.3M171.6M165.4M170.1M195.6M131.0M
Property Plant And Equipment Net891.9M880.0M904.2M925.8M948.4M814.7M
Current Deferred Revenue19.7M26.4M2.7M34.4M15.7M17.7M
Accounts Payable205.9M190.2M221.2M272.8M258.3M248.0M
Non Current Assets Total945.4M929.9M962.1M1.1B1.1B888.1M
Non Currrent Assets Other38.6M34.9M40.4M(137.2M)25.4M26.7M
Other Assets38.6M34.9M40.4M23.2M26.7M32.3M
Cash And Short Term Investments7.1M10.6M15.1M31.0M29.8M21.9M
Net Receivables106.7M135.8M179.1M185.2M166.8M171.2M
Liabilities And Stockholders Equity1.2B1.3B1.3B1.5B1.5B1.3B
Non Current Liabilities Total543.4M532.2M401.0M363.7M444.6M400.7M
Inventory171.7M180.1M149.6M215.5M211.8M179.3M
Other Current Assets5.1M7.0M6.1M9.2M11.4M7.1M
Other Stockholder Equity180.8M184.7M195.9M174.5M138.0M170.9M
Total Liab835.1M819.3M710.8M757.2M803.6M733.9M
Property Plant And Equipment Gross891.9M880.0M904.2M925.8M2.0B2.1B
Total Current Assets290.5M333.5M349.9M440.9M419.8M377.3M
Accumulated Other Comprehensive Income(9.5M)(16.1M)(6.5M)(4.2M)(4.1M)(4.4M)
Common Stock314K316K318K320K326K309.7K
Property Plant Equipment891.9M765.5M904.2M925.8M1.1B775.3M
Retained Earnings229.2M275.2M411.5M567.5M605.1M349.1M
Long Term Debt297M275M135M115M170M208.5M
Short Long Term Debt Total433.4M389.9M271.7M230.0M268.2M319.4M
Net Tangible Assets385.9M429.1M583.6M632.7M727.7M471.2M
Net Debt426.3M379.3M256.6M199.1M238.4M295.7M
Cash7.1M10.6M15.1M31.0M29.8M23.8M
Common Stock Total Equity314K316K318K320K368K343.2K
Retained Earnings Total Equity229.2M275.2M411.5M567.5M652.6M685.3M
Long Term Debt Total297.7M275M135M115M103.5M175.5M
Capital Surpluse180.9M184.7M195.9M174.6M157.1M168.8M
Deferred Long Term Liab110.1M125.6M133.3M160.4M184.5M131.9M
Treasury Stock(12K)(35K)(36K)(45K)(40.5K)(38.5K)
Non Current Liabilities Other5.5M131.7M132.7M10.7M9.2M8.7M

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