AdvanSix Total Liab vs Accounts Payable Analysis

ASIX Stock  USD 26.25  0.24  0.92%   
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 Total Liab and its Accounts Payable 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 tightly coupled 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.

Total Liab vs Accounts Payable

Total Liab vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AdvanSix Total Liab account and Accounts Payable. At this time, the significance of the direction appears to have no relationship.
The correlation between AdvanSix's Total Liab and Accounts Payable is 0.09. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of AdvanSix, assuming nothing else is changed. The correlation between historical values of AdvanSix's Total Liab and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of AdvanSix are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Total Liab i.e., AdvanSix's Total Liab and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.09
Relationship DirectionPositive 
Relationship StrengthInsignificant

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Accounts Payable

An accounting item on the balance sheet that represents AdvanSix obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of AdvanSix are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
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 tightly coupled 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
Click cells to compare fundamentals

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
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 AdvanSix 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, AdvanSix's short interest history, or implied volatility extrapolated from AdvanSix options trading.

Pair Trading with AdvanSix

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

Moving together with AdvanSix Stock

  0.65DOW Dow Inc Financial Report 23rd of July 2024 PairCorr

Moving against AdvanSix Stock

  0.44NC NACCO IndustriesPairCorr
The ability to find closely correlated positions to AdvanSix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AdvanSix 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 AdvanSix - 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 AdvanSix to buy it.
The correlation of AdvanSix 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 AdvanSix moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AdvanSix 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 AdvanSix 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 AdvanSix offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AdvanSix's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Advansix Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Advansix Stock:
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 tightly coupled 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.
You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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When running AdvanSix's price analysis, check to measure AdvanSix'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 AdvanSix is operating at the current time. Most of AdvanSix's value examination focuses on studying past and present price action to predict the probability of AdvanSix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AdvanSix's price. Additionally, you may evaluate how the addition of AdvanSix to your portfolios can decrease your overall portfolio volatility.
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Is AdvanSix'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 AdvanSix. If investors know AdvanSix 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 AdvanSix 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
(0.48)
Dividend Share
0.625
Earnings Share
1.95
Revenue Per Share
56.171
Quarterly Revenue Growth
(0.05)
The market value of AdvanSix is measured differently than its book value, which is the value of AdvanSix that is recorded on the company's balance sheet. Investors also form their own opinion of AdvanSix's value that differs from its market value or its book value, called intrinsic value, which is AdvanSix'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 AdvanSix's market value can be influenced by many factors that don't directly affect AdvanSix'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 AdvanSix's value and its price as these two are different measures arrived at by different means. Investors typically determine if AdvanSix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AdvanSix'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.