Astec Gross Profit vs Net Income Analysis
ASTE Stock | USD 43.71 0.24 0.55% |
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 Gross Profit 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.
Gross Profit vs Net Income
Gross Profit vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Astec Industries Gross Profit account and Net Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Astec Industries' Gross Profit and Net Income is 0.41. Overlapping area represents the amount of variation of Gross Profit 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' Gross Profit 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 Gross Profit 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 Gross Profit i.e., Astec Industries' Gross Profit and Net Income go up and down completely randomly.
Correlation Coefficient | 0.41 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Astec Industries minus its cost of goods sold. It is profit before Astec Industries operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.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 Multiple is projected to slightly grow based on the last few years of reporting.
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 |
Astec Industries fundamental ratios Correlations
Click cells to compare fundamentals
Astec Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
0.87 | LEV | Lion Electric Corp Financial Report 14th of May 2024 | PairCorr |
0.77 | TWI | Titan International Financial Report 1st of May 2024 | PairCorr |
0.74 | LNN | Lindsay Earnings Call This Week | PairCorr |
0.7 | HY | Hyster-Yale Materials Financial Report 7th of May 2024 | PairCorr |
0.62 | MTW | Manitowoc Financial Report 7th of May 2024 | PairCorr |
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.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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Astec Stock analysis
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.