Academy Inventory vs Cash Analysis

ASO Stock

USD 53.46 0.35 0.65%

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 Inventory and its Cash 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.

Inventory vs Cash

Inventory vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Academy Sports Outdo Inventory account and Cash. At this time, the significance of the direction appears to have very week relationship.

The correlation between Academy Sports' Inventory and Cash is 0.26. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Cash 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' Inventory and Cash 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 Academy Sports OutdoorsInc are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Inventory i.e., Academy Sports' Inventory and Cash go up and down completely randomly.

Correlation Coefficient

0.26

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Inventory

Cash

Cash refers to the most liquid asset of Academy Sports Outdo, which is listed under current asset account on Academy Sports OutdoorsInc balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Academy Sports customers. The amounts must be unrestricted with restricted cash listed in a different Academy Sports account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

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 22nd 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

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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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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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.

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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 Inventory vs Cash Analysis

Inventory vs Cash

Inventory vs Cash Correlation Analysis

Correlation Coefficient

Inventory

Cash

Academy Sports fundamental ratios Correlations

Academy Sports Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Academy Sports fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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