Academy Intangible Assets vs Total Current Assets Analysis

ASO Stock

USD 56.70 1.60 2.74%

Academy Sports financial indicator trend analysis is way more than just evaluating Academy Sports Outdo prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Academy Sports Outdo is a good investment. Please check the relationship between Academy Sports Intangible Assets and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Academy Sports OutdoorsInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

Intangible Assets vs Total Current Assets

Intangible Assets vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Academy Sports Outdo Intangible Assets account and Total Current Assets. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Academy Sports' Intangible Assets and Total Current Assets is -0.55. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Academy Sports OutdoorsInc, assuming nothing else is changed. The correlation between historical values of Academy Sports' Intangible Assets and Total Current 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 Intangible Assets of Academy Sports OutdoorsInc are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Intangible Assets i.e., Academy Sports' Intangible Assets and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.55

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from Academy Sports' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Academy Sports Outdo 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 Academy Sports OutdoorsInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

At this time, Academy Sports' Sales General And Administrative To Revenue is very stable compared to the past year. As of the 1st of May 2024, Enterprise Value Over EBITDA is likely to grow to 12.39, while Tax Provision is likely to drop about 88.1 M.

	2021	2022	2023	2024 (projected)
Interest Expense	49.0M	46.4M	48.2M	62.3M
Depreciation And Amortization	108.1M	126.9M	110.9M	96.2M

Interest Expense Depreciation And Amortization

Academy Sports fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab
Common Stock Shares Outstanding		-0.13	0.48	0.26	0.05	-0.17	-0.28	-0.36	-0.02	-0.31	0.41	0.07	0.04	-0.09	-0.59	0.38	0.18	0.04	-0.26	0.81	0.5	-0.58	-0.58	-0.15	0.06	-0.39
Total Assets	-0.13		0.42	0.72	0.87	0.88	0.53	0.92	0.98	0.9	-0.02	0.8	0.92	0.99	-0.28	-0.75	-0.93	0.92	0.68	-0.54	0.54	0.36	0.3	0.9	0.9	0.89
Short Long Term Debt Total	0.48	0.42		0.34	0.23	0.05	-0.4	0.07	0.58	0.04	0.87	0.15	0.23	0.54	-0.4	0.02	-0.13	0.23	-0.24	0.2	0.98	-0.34	-0.42	0.09	0.66	-0.02
Other Current Liab	0.26	0.72	0.34		0.92	0.61	0.27	0.56	0.72	0.54	-0.08	0.92	0.85	0.71	-0.8	-0.58	-0.69	0.85	0.61	-0.21	0.43	-0.09	-0.24	0.63	0.82	0.59
Total Current Liabilities	0.05	0.87	0.23	0.92		0.85	0.56	0.79	0.83	0.79	-0.25	0.99	0.96	0.83	-0.58	-0.66	-0.9	0.96	0.73	-0.36	0.35	0.17	0.07	0.85	0.82	0.82
Total Stockholder Equity	-0.17	0.88	0.05	0.61	0.85		0.86	0.94	0.81	0.97	-0.41	0.82	0.93	0.81	-0.11	-0.75	-0.99	0.93	0.84	-0.48	0.22	0.44	0.56	1.0	0.63	0.95
Other Liab	-0.28	0.53	-0.4	0.27	0.56	0.86		0.76	0.4	0.82	-0.75	0.58	0.67	0.41	0.18	-0.57	-0.79	0.67	0.8	-0.36	-0.23	0.53	0.76	0.84	0.15	0.79
Net Tangible Assets	-0.36	0.92	0.07	0.56	0.79	0.94	0.76		0.83	0.99	-0.35	0.75	0.87	0.85	-0.07	-0.77	-0.95	0.87	0.8	-0.66	0.2	0.64	0.54	0.95	0.69	0.99
Property Plant And Equipment Net	-0.02	0.98	0.58	0.72	0.83	0.81	0.4	0.83		0.81	0.15	0.76	0.87	1.0	-0.32	-0.67	-0.87	0.87	0.56	-0.45	0.68	0.21	0.19	0.83	0.94	0.8
Current Deferred Revenue	-0.31	0.9	0.04	0.54	0.79	0.97	0.82	0.99	0.81		-0.39	0.74	0.88	0.83	-0.04	-0.77	-0.97	0.88	0.83	-0.6	0.19	0.61	0.6	0.98	0.64	0.98
Net Debt	0.41	-0.02	0.87	-0.08	-0.25	-0.41	-0.75	-0.35	0.15	-0.39		-0.31	-0.27	0.12	-0.17	0.37	0.34	-0.27	-0.65	0.33	0.78	-0.44	-0.54	-0.38	0.28	-0.45
Accounts Payable	0.07	0.8	0.15	0.92	0.99	0.82	0.58	0.75	0.76	0.74	-0.31		0.93	0.76	-0.6	-0.62	-0.87	0.93	0.72	-0.31	0.28	0.14	0.04	0.82	0.76	0.79
Cash	0.04	0.92	0.23	0.85	0.96	0.93	0.67	0.87	0.87	0.88	-0.27	0.93		0.87	-0.45	-0.76	-0.95	1.0	0.83	-0.39	0.38	0.26	0.25	0.94	0.79	0.88
Non Current Assets Total	-0.09	0.99	0.54	0.71	0.83	0.81	0.41	0.85	1.0	0.83	0.12	0.76	0.87		-0.29	-0.71	-0.88	0.87	0.58	-0.51	0.64	0.25	0.22	0.83	0.94	0.82
Non Currrent Assets Other	-0.59	-0.28	-0.4	-0.8	-0.58	-0.11	0.18	-0.07	-0.32	-0.04	-0.17	-0.6	-0.45	-0.29		0.02	0.19	-0.45	-0.12	-0.27	-0.42	0.27	0.73	-0.14	-0.55	-0.07
Other Assets	0.38	-0.75	0.02	-0.58	-0.66	-0.75	-0.57	-0.77	-0.67	-0.77	0.37	-0.62	-0.76	-0.71	0.02		0.77	-0.76	-0.9	0.78	-0.07	-0.25	-0.52	-0.74	-0.58	-0.82
Long Term Debt	0.18	-0.93	-0.13	-0.69	-0.9	-0.99	-0.79	-0.95	-0.87	-0.97	0.34	-0.87	-0.95	-0.88	0.19	0.77		-0.95	-0.82	0.52	-0.28	-0.41	-0.47	-0.99	-0.72	-0.96
Cash And Short Term Investments	0.04	0.92	0.23	0.85	0.96	0.93	0.67	0.87	0.87	0.88	-0.27	0.93	1.0	0.87	-0.45	-0.76	-0.95		0.83	-0.39	0.38	0.26	0.25	0.94	0.79	0.88
Net Receivables	-0.26	0.68	-0.24	0.61	0.73	0.84	0.8	0.8	0.56	0.83	-0.65	0.72	0.83	0.58	-0.12	-0.9	-0.82	0.83		-0.6	-0.11	0.37	0.55	0.83	0.43	0.85
Good Will	0.81	-0.54	0.2	-0.21	-0.36	-0.48	-0.36	-0.66	-0.45	-0.6	0.33	-0.31	-0.39	-0.51	-0.27	0.78	0.52	-0.39	-0.6		0.18	-0.52	-0.53	-0.47	-0.4	-0.69
Non Current Liabilities Total	0.5	0.54	0.98	0.43	0.35	0.22	-0.23	0.2	0.68	0.19	0.78	0.28	0.38	0.64	-0.42	-0.07	-0.28	0.38	-0.11	0.18		-0.29	-0.32	0.26	0.71	0.11
Inventory	-0.58	0.36	-0.34	-0.09	0.17	0.44	0.53	0.64	0.21	0.61	-0.44	0.14	0.26	0.25	0.27	-0.25	-0.41	0.26	0.37	-0.52	-0.29		0.53	0.47	0.08	0.59
Other Current Assets	-0.58	0.3	-0.42	-0.24	0.07	0.56	0.76	0.54	0.19	0.6	-0.54	0.04	0.25	0.22	0.73	-0.52	-0.47	0.25	0.55	-0.53	-0.32	0.53		0.53	-0.12	0.56
Other Stockholder Equity	-0.15	0.9	0.09	0.63	0.85	1.0	0.84	0.95	0.83	0.98	-0.38	0.82	0.94	0.83	-0.14	-0.74	-0.99	0.94	0.83	-0.47	0.26	0.47	0.53		0.66	0.96
Total Liab	0.06	0.9	0.66	0.82	0.82	0.63	0.15	0.69	0.94	0.64	0.28	0.76	0.79	0.94	-0.55	-0.58	-0.72	0.79	0.43	-0.4	0.71	0.08	-0.12	0.66		0.66
Deferred Long Term Liab	-0.39	0.89	-0.02	0.59	0.82	0.95	0.79	0.99	0.8	0.98	-0.45	0.79	0.88	0.82	-0.07	-0.82	-0.96	0.88	0.85	-0.69	0.11	0.59	0.56	0.96	0.66

Click cells to compare fundamentals

Academy Sports Account Relationship Matchups

Academy Sports fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	90.4M	91.1M	94.3M	83.9M	77.5M	68.7M
Total Assets	4.3B	4.4B	4.6B	4.6B	4.7B	4.7B
Short Long Term Debt Total	2.7B	2.0B	1.8B	1.8B	1.7B	1.6B
Other Current Liab	141.2M	214.6M	214.5M	147.6M	121.2M	175.2M
Total Current Liabilities	750.6M	1.2B	1.1B	1.0B	879.9M	1.0B
Total Stockholder Equity	(8.1M)	1.1B	1.5B	1.6B	2.0B	1.1B
Other Liab	20.0M	173.8M	229.6M	271.8M	312.5M	183.9M
Net Tangible Assets	(450.7M)	(326.9M)	27.8M	188.7M	217.0M	227.8M
Property Plant And Equipment Net	1.6B	1.5B	1.4B	1.5B	1.6B	1.5B
Current Deferred Revenue	70.2M	76.8M	88.7M	92.6M	96.7M	90.3M
Net Debt	2.5B	1.6B	1.4B	1.4B	1.3B	1.3B
Accounts Payable	428.8M	791.4M	737.8M	686.5M	541.1M	663.2M
Cash	149.4M	377.6M	486.0M	337.1M	347.9M	325.2M
Non Current Assets Total	3.0B	3.0B	2.9B	2.9B	3.1B	3.1B
Non Currrent Assets Other	15.8M	8.6M	4.7M	17.6M	35.2M	19.0M
Other Assets	15.8M	8.6M	4.7M	17.6M	1.0	0.95
Long Term Debt	1.4B	781.5M	683.6M	584.5M	484.6M	735.9M
Cash And Short Term Investments	149.4M	377.6M	486.0M	337.1M	347.9M	325.2M
Net Receivables	14.0M	17.3M	19.7M	16.5M	19.4M	18.8M
Liabilities And Stockholders Equity	3.3B	4.4B	4.6B	4.6B	4.7B	4.4B
Non Current Liabilities Total	2.6B	2.1B	2.0B	1.9B	1.9B	1.6B
Capital Lease Obligations	1.2B	1.2B	1.2B	1.2B	1.2B	1.1B
Inventory	1.1B	990.0M	1.2B	1.3B	1.2B	1.3B
Other Current Assets	24.5M	28.3M	36.5M	47.7M	83.5M	47.8M
Other Stockholder Equity	8.1M	127.2M	198.0M	216.2M	242.1M	143.6M
Total Liab	3.3B	3.3B	3.1B	3.0B	2.7B	3.3B
Deferred Long Term Liab	3.4M	138.7M	217.2M	259.0M	297.9M	312.8M
Net Invested Capital	2.5B	1.9B	2.2B	2.2B	2.4B	1.8B
Property Plant And Equipment Gross	1.6B	1.5B	1.4B	1.5B	2.8B	1.7B
Total Current Assets	1.3B	1.4B	1.7B	1.7B	1.6B	1.7B
Non Current Liabilities Other	19.2M	1.2B	1.1B	1.1B	11.6M	11.0M
Net Working Capital	538.8M	247.9M	588.6M	648.0M	765.0M	618.0M
Short Term Debt	110.4M	84.3M	86.1M	112.1M	120.8M	106.7M
Common Stock	996.3M	911K	870K	767K	743K	705.9K
Property Plant Equipment	1.6B	378.3M	345.8M	351.4M	316.3M	505.4M

Academy Sports Investors Sentiment

The influence of Academy Sports' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Academy. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Academy Sports' public news can be used to forecast risks associated with an investment in Academy. The trend in average sentiment can be used to explain how an investor holding Academy can time the market purely based on public headlines and social activities around Academy Sports OutdoorsInc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Academy Sports' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Academy Sports' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Academy Sports' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Academy Sports.

Academy Sports Implied Volatility

67.46

Academy Sports' implied volatility exposes the market's sentiment of Academy Sports OutdoorsInc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Academy Sports' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Academy Sports stock will not fluctuate a lot when Academy Sports' options are near their expiration.

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 Academy Sports 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, Academy Sports' short interest history, or implied volatility extrapolated from Academy Sports options trading.

Pair Trading with Academy Sports

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

Moving against Academy Stock

0.76	LE	Lands End Financial Report 6th of June 2024	Pair Corr
0.55	EDUC	Educational Development Earnings Call Next Week	Pair Corr
0.47	JD	JD Inc Adr Aggressive Push	Pair Corr

The ability to find closely correlated positions to Academy Sports could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Academy Sports 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 Academy Sports - 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 Academy Sports OutdoorsInc to buy it.

The correlation of Academy Sports 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 Academy Sports moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Academy Sports Outdo 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 Academy Sports 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 Correlation Correlation Matching

When determining whether Academy Sports Outdo offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Academy Sports' 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 Academy Sports Outdoorsinc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Academy Sports Outdoorsinc Stock:

How To Invest In Academy

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Is Academy Stock a good investment?

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What is Academy Sports' Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Academy Sports OutdoorsInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Complementary Tools for Academy Stock analysis

When running Academy Sports' price analysis, check to measure Academy Sports' 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 Academy Sports is operating at the current time. Most of Academy Sports' value examination focuses on studying past and present price action to predict the probability of Academy Sports' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Academy Sports' price. Additionally, you may evaluate how the addition of Academy Sports to your portfolios can decrease your overall portfolio volatility.

	ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
	Global Correlations Find global opportunities by holding instruments from different markets
	Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities
	Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments
	Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
	Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators
	Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance

Is Academy Sports' 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 Academy Sports. If investors know Academy 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 Academy Sports 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

0.118

Dividend Share

0.38

Earnings Share

6.7

Revenue Per Share

81.7

Quarterly Revenue Growth

0.028

The market value of Academy Sports Outdo is measured differently than its book value, which is the value of Academy that is recorded on the company's balance sheet. Investors also form their own opinion of Academy Sports' value that differs from its market value or its book value, called intrinsic value, which is Academy Sports' 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 Academy Sports' market value can be influenced by many factors that don't directly affect Academy Sports' 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 Academy Sports' value and its price as these two are different measures arrived at by different means. Investors typically determine if Academy Sports is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Academy Sports' 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.

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Academy Intangible Assets vs Total Current Assets Analysis

Intangible Assets vs Total Current Assets

Intangible Assets vs Total Current Assets Correlation Analysis

Correlation Coefficient

Intangible Assets

Total Current Assets

Academy Sports fundamental ratios Correlations

Academy Sports Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Academy Sports fundamental ratios Accounts

Academy Sports Investors Sentiment

Academy Sports Implied Volatility

Pair Trading with Academy Sports

Moving against Academy Stock

Complementary Tools for Academy Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Stockholder Equity	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Current Liabilities
Current Deferred Revenue	+ 0.99	Net Tangible Assets

Other Stockholder Equity	- 0.99	Long Term Debt
Long Term Debt	- 0.99	Total Stockholder Equity
Long Term Debt	- 0.97	Current Deferred Revenue
Deferred Long Term Liab	- 0.96	Long Term Debt
Cash And Short Term Investments	- 0.95	Long Term Debt
Long Term Debt	- 0.95	Cash