Astec Cost of Revenue vs Net Income Analysis

ASTE Stock

USD 42.41 0.08 0.19%

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

For information on how to trade Astec Stock refer to our How to Trade Astec Stock guide.

Cost Of Revenue vs Net Income

Cost of Revenue vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Astec Industries Cost of Revenue account and Net Income. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Astec Industries' Cost of Revenue and Net Income is -0.05. Overlapping area represents the amount of variation of Cost of Revenue that can explain the historical movement of Net Income in the same time period over historical financial statements of Astec Industries, assuming nothing else is changed. The correlation between historical values of Astec Industries' Cost of Revenue and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost of Revenue of Astec Industries are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Cost of Revenue i.e., Astec Industries' Cost of Revenue and Net Income go up and down completely randomly.

Correlation Coefficient

-0.05

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Cost Of Revenue

Cost of Revenue is found on Astec Industries income statement and represents the costs associated with goods and services Astec Industries provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Astec Industries financial statement analysis. It represents the amount of money remaining after all of Astec Industries operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

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

For information on how to trade Astec Stock refer to our How to Trade Astec Stock guide.At present, Astec Industries' Enterprise Value Over EBITDA is projected to slightly grow based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 16.97, whereas Tax Provision is forecasted to decline to about 5.6 M.

	2021	2022	2023	2024 (projected)
Interest Expense	1.1M	2.5M	8.9M	9.3M
Depreciation And Amortization	28.2M	27.9M	25.6M	15.3M

Interest Expense Depreciation And Amortization

Astec Industries fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock Total Equity	Common Stock
Total Assets		0.46	0.83	0.9	0.73	0.73	-0.02	0.96	0.35	0.8	0.55	0.36	0.96	0.84	0.67	0.91	0.42	0.79	0.85	0.8	1.0	-0.05	0.62	0.82	0.86	0.86
Short Long Term Debt Total	0.46		0.53	0.72	-0.11	-0.06	0.71	0.21	-0.25	0.17	0.81	-0.24	0.59	0.02	0.95	0.49	0.28	-0.03	0.82	0.66	0.45	0.21	-0.15	0.81	0.41	0.41
Other Current Liab	0.83	0.53		0.84	0.47	0.43	0.05	0.77	0.3	0.6	0.67	0.34	0.87	0.54	0.68	0.68	0.5	0.48	0.82	0.78	0.82	-0.36	0.43	0.79	0.69	0.69
Total Current Liabilities	0.9	0.72	0.84		0.43	0.42	0.19	0.76	0.25	0.61	0.81	0.26	0.97	0.54	0.85	0.8	0.49	0.49	0.98	0.95	0.9	0.14	0.35	0.98	0.77	0.77
Total Stockholder Equity	0.73	-0.11	0.47	0.43		0.95	-0.37	0.84	0.49	0.94	-0.02	0.5	0.6	0.92	0.13	0.63	0.36	0.96	0.34	0.33	0.73	-0.23	0.76	0.29	0.65	0.64
Property Plant And Equipment Net	0.73	-0.06	0.43	0.42	0.95		-0.26	0.8	0.34	0.9	-0.05	0.35	0.59	0.96	0.19	0.68	0.26	0.97	0.35	0.3	0.72	-0.22	0.77	0.28	0.69	0.68
Net Debt	-0.02	0.71	0.05	0.19	-0.37	-0.26		-0.22	-0.85	-0.18	0.29	-0.84	0.08	-0.28	0.56	0.24	-0.05	-0.29	0.32	0.13	-0.03	0.06	-0.54	0.32	0.08	0.08
Retained Earnings	0.96	0.21	0.77	0.76	0.84	0.8	-0.22		0.45	0.84	0.35	0.46	0.88	0.9	0.44	0.84	0.41	0.86	0.68	0.64	0.95	-0.14	0.74	0.64	0.79	0.79
Cash	0.35	-0.25	0.3	0.25	0.49	0.34	-0.85	0.45		0.43	0.16	0.99	0.32	0.38	-0.08	0.0	0.35	0.4	0.15	0.28	0.35	0.07	0.62	0.13	0.18	0.17
Non Current Assets Total	0.8	0.17	0.6	0.61	0.94	0.9	-0.18	0.84	0.43		0.21	0.44	0.75	0.86	0.39	0.67	0.55	0.88	0.55	0.48	0.79	-0.12	0.72	0.49	0.71	0.71
Non Currrent Assets Other	0.55	0.81	0.67	0.81	-0.02	-0.05	0.29	0.35	0.16	0.21		0.16	0.68	0.08	0.81	0.45	0.34	0.05	0.84	0.8	0.55	0.27	-0.02	0.84	0.53	0.53
Cash And Short Term Investments	0.36	-0.24	0.34	0.26	0.5	0.35	-0.84	0.46	0.99	0.44	0.16		0.33	0.39	-0.07	0.02	0.35	0.41	0.15	0.3	0.37	-0.01	0.62	0.14	0.19	0.19
Net Receivables	0.96	0.59	0.87	0.97	0.6	0.59	0.08	0.88	0.32	0.75	0.68	0.33		0.7	0.78	0.83	0.57	0.64	0.93	0.88	0.95	0.02	0.51	0.91	0.78	0.78
Common Stock Shares Outstanding	0.84	0.02	0.54	0.54	0.92	0.96	-0.28	0.9	0.38	0.86	0.08	0.39	0.7		0.27	0.78	0.24	0.98	0.47	0.43	0.84	-0.19	0.77	0.4	0.74	0.74
Non Current Liabilities Total	0.67	0.95	0.68	0.85	0.13	0.19	0.56	0.44	-0.08	0.39	0.81	-0.07	0.78	0.27		0.65	0.38	0.22	0.93	0.78	0.66	0.14	0.07	0.9	0.57	0.57
Inventory	0.91	0.49	0.68	0.8	0.63	0.68	0.24	0.84	0.0	0.67	0.45	0.02	0.83	0.78	0.65		0.12	0.75	0.77	0.68	0.92	-0.07	0.42	0.74	0.88	0.89
Other Current Assets	0.42	0.28	0.5	0.49	0.36	0.26	-0.05	0.41	0.35	0.55	0.34	0.35	0.57	0.24	0.38	0.12		0.21	0.47	0.47	0.39	-0.03	0.35	0.45	0.09	0.09
Other Stockholder Equity	0.79	-0.03	0.48	0.49	0.96	0.97	-0.29	0.86	0.4	0.88	0.05	0.41	0.64	0.98	0.22	0.75	0.21		0.41	0.39	0.79	-0.19	0.74	0.35	0.74	0.74
Total Liab	0.85	0.82	0.82	0.98	0.34	0.35	0.32	0.68	0.15	0.55	0.84	0.15	0.93	0.47	0.93	0.77	0.47	0.41		0.92	0.85	0.14	0.26	0.99	0.73	0.73
Property Plant And Equipment Gross	0.8	0.66	0.78	0.95	0.33	0.3	0.13	0.64	0.28	0.48	0.8	0.3	0.88	0.43	0.78	0.68	0.47	0.39	0.92		0.81	0.11	0.19	0.95	0.67	0.67
Total Current Assets	1.0	0.45	0.82	0.9	0.73	0.72	-0.03	0.95	0.35	0.79	0.55	0.37	0.95	0.84	0.66	0.92	0.39	0.79	0.85	0.81		-0.05	0.6	0.82	0.85	0.86
Short Term Debt	-0.05	0.21	-0.36	0.14	-0.23	-0.22	0.06	-0.14	0.07	-0.12	0.27	-0.01	0.02	-0.19	0.14	-0.07	-0.03	-0.19	0.14	0.11	-0.05		-0.16	0.17	-0.02	-0.02
Intangible Assets	0.62	-0.15	0.43	0.35	0.76	0.77	-0.54	0.74	0.62	0.72	-0.02	0.62	0.51	0.77	0.07	0.42	0.35	0.74	0.26	0.19	0.6	-0.16		0.19	0.4	0.4
Accounts Payable	0.82	0.81	0.79	0.98	0.29	0.28	0.32	0.64	0.13	0.49	0.84	0.14	0.91	0.4	0.9	0.74	0.45	0.35	0.99	0.95	0.82	0.17	0.19		0.7	0.7
Common Stock Total Equity	0.86	0.41	0.69	0.77	0.65	0.69	0.08	0.79	0.18	0.71	0.53	0.19	0.78	0.74	0.57	0.88	0.09	0.74	0.73	0.67	0.85	-0.02	0.4	0.7		1.0
Common Stock	0.86	0.41	0.69	0.77	0.64	0.68	0.08	0.79	0.17	0.71	0.53	0.19	0.78	0.74	0.57	0.89	0.09	0.74	0.73	0.67	0.86	-0.02	0.4	0.7	1.0

Click cells to compare fundamentals

Astec Industries Account Relationship Matchups

Astec Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	799.8M	848.2M	911.3M	1.0B	1.1B	1.1B
Short Long Term Debt Total	690K	400K	200K	87.7M	83.1M	87.3M
Other Current Liab	73.7M	81.8M	78.9M	87.7M	100.8M	105.8M
Total Current Liabilities	172.9M	170.3M	225.3M	274M	299M	314.0M
Total Stockholder Equity	601.7M	643M	654.8M	626.9M	653.4M	343.3M
Property Plant And Equipment Net	182.4M	172.8M	171.7M	173.6M	187.6M	124.0M
Net Debt	(48.2M)	(158.2M)	(134.2M)	21.7M	23.3M	24.5M
Retained Earnings	508.3M	545.2M	552.8M	527.8M	549.4M	576.9M
Cash	48.9M	158.6M	134.4M	66M	59.8M	34.0M
Non Current Assets Total	286.8M	282.4M	269.6M	318M	339.8M	171.6M
Non Currrent Assets Other	6.9M	11M	8.4M	29.5M	38.2M	40.1M
Cash And Short Term Investments	50.4M	162.9M	143M	69.9M	65.5M	35.4M
Net Receivables	124.1M	120.6M	144.1M	167.1M	167.3M	175.7M
Common Stock Shares Outstanding	22.7M	22.9M	22.9M	22.8M	22.8M	21.9M
Liabilities And Stockholders Equity	799.8M	848.2M	911.3M	1.0B	1.1B	1.1B
Non Current Liabilities Total	25.2M	34.9M	31.2M	113.5M	106.6M	111.9M
Inventory	278.9M	249.7M	303M	393.4M	455.6M	478.4M
Other Current Assets	59.6M	32.6M	51.6M	66M	27.7M	14.0M
Other Stockholder Equity	120.6M	126.8M	129.9M	134.7M	137.6M	99.6M
Total Liab	198.1M	205.2M	256.5M	387.5M	405.6M	425.9M
Property Plant And Equipment Gross	190.4M	172.8M	419.7M	407.4M	435.7M	457.5M
Total Current Assets	513.0M	565.8M	641.7M	696.4M	719.5M	755.5M
Accumulated Other Comprehensive Income	(31.8M)	(33.5M)	(32.4M)	(40.1M)	(38.1M)	(36.2M)
Short Term Debt	1.3M	1.6M	2.7M	9.6M	11.1M	11.7M
Intangible Assets	23.5M	31.2M	22.7M	22.5M	16.4M	19.2M
Accounts Payable	55.1M	52.7M	83.5M	107.2M	116.9M	122.7M
Common Stock Total Equity	4.6M	4.5M	4.5M	4.5M	5.2M	4.8M
Common Stock	4.6M	4.5M	4.5M	4.5M	5.2M	4.8M
Other Liab	22.5M	29.8M	26.8M	27.1M	31.2M	18.2M
Current Deferred Revenue	42.9M	34.2M	60.2M	69.5M	70.2M	66.7M
Other Assets	31.0M	42M	18.6M	50.8M	58.4M	61.3M
Long Term Debt	690K	400K	200K	78.1M	72M	75.6M
Good Will	33.2M	38.7M	38.6M	45.2M	46.3M	44.0M
Property Plant Equipment	190.4M	172.8M	177.5M	173.6M	199.6M	173.6M
Net Tangible Assets	578.4M	572.6M	593M	559.2M	643.1M	629.6M
Noncontrolling Interest In Consolidated Entity	1.1M	710K	538K	500K	450K	427.5K
Retained Earnings Total Equity	508.3M	545.2M	552.8M	527.8M	607.0M	532.6M
Short Term Investments	1.5M	4.3M	8.6M	3.9M	5.7M	3.4M
Capital Surpluse	122.6M	127.8M	130.6M	135.8M	122.2M	106.0M

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 Astec Industries 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, Astec Industries' short interest history, or implied volatility extrapolated from Astec Industries options trading.

Pair Trading with Astec Industries

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

Moving against Astec Stock

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0.84	GP	GreenPower Motor Financial Report 12th of July 2024	Pair Corr
0.81	LNN	Lindsay Financial Report 4th of July 2024	Pair Corr
0.66	MTW	Manitowoc Financial Report 7th of May 2024	Pair Corr

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

The correlation of Astec Industries 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 Astec Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astec Industries 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 Astec Industries 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 Astec Industries is a strong investment it is important to analyze Astec Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Astec Industries' future performance. For an informed investment choice regarding Astec Stock, refer to the following important reports:

How To Invest In Astec

Details

Is Astec Stock a good investment?

Details

What is Astec Industries' Net Worth?

Details

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

For information on how to trade Astec Stock refer to our How to Trade Astec Stock guide.

You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.

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

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Is Astec Industries' 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 Astec Industries. If investors know Astec 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 Astec Industries 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

1.945

Dividend Share

0.52

Earnings Share

1.47

Revenue Per Share

58.9

Quarterly Revenue Growth

(0.04)

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

Cost Of Revenue vs Net Income

Cost of Revenue vs Net Income Correlation Analysis

Correlation Coefficient

Cost Of Revenue

Net Income

Astec Industries fundamental ratios Correlations

Astec Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Astec Industries fundamental ratios Accounts

Pair Trading with Astec Industries

Moving against Astec Stock

Complementary Tools for Astec Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Common Stock	+ 1.0	Common Stock Total Equity
Cash And Short Term Investments	+ 0.99	Cash
Accounts Payable	+ 0.99	Total Liab
Total Liab	+ 0.98	Total Current Liabilities
Accounts Payable	+ 0.98	Total Current Liabilities

Cash	- 0.85	Net Debt
Cash And Short Term Investments	- 0.84	Net Debt
Intangible Assets	- 0.54	Net Debt
Net Debt	- 0.37	Total Stockholder Equity
Short Term Debt	- 0.36	Other Current Liab
Other Stockholder Equity	- 0.29	Net Debt