Astec Receivables Turnover vs Cost of Revenue 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 Receivables Turnover and its Cost Of Revenue 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.

Receivables Turnover vs Cost Of Revenue

Receivables Turnover vs Cost of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Astec Industries Receivables Turnover account and Cost of Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Astec Industries' Receivables Turnover and Cost of Revenue is -0.37. Overlapping area represents the amount of variation of Receivables Turnover that can explain the historical movement of Cost of Revenue 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' Receivables Turnover and Cost of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Receivables Turnover of Astec Industries are associated (or correlated) with its Cost of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost of Revenue has no effect on the direction of Receivables Turnover i.e., Astec Industries' Receivables Turnover and Cost of Revenue go up and down completely randomly.

Correlation Coefficient

-0.37
Relationship DirectionNegative 
Relationship StrengthInsignificant

Receivables Turnover

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.
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 Expense1.1M2.5M8.9M9.3M
Depreciation And Amortization28.2M27.9M25.6M15.3M

Astec Industries fundamental ratios Correlations

0.460.830.90.730.73-0.020.960.350.80.550.360.960.840.670.910.420.790.850.81.0-0.050.620.820.860.86
0.460.530.72-0.11-0.060.710.21-0.250.170.81-0.240.590.020.950.490.28-0.030.820.660.450.21-0.150.810.410.41
0.830.530.840.470.430.050.770.30.60.670.340.870.540.680.680.50.480.820.780.82-0.360.430.790.690.69
0.90.720.840.430.420.190.760.250.610.810.260.970.540.850.80.490.490.980.950.90.140.350.980.770.77
0.73-0.110.470.430.95-0.370.840.490.94-0.020.50.60.920.130.630.360.960.340.330.73-0.230.760.290.650.64
0.73-0.060.430.420.95-0.260.80.340.9-0.050.350.590.960.190.680.260.970.350.30.72-0.220.770.280.690.68
-0.020.710.050.19-0.37-0.26-0.22-0.85-0.180.29-0.840.08-0.280.560.24-0.05-0.290.320.13-0.030.06-0.540.320.080.08
0.960.210.770.760.840.8-0.220.450.840.350.460.880.90.440.840.410.860.680.640.95-0.140.740.640.790.79
0.35-0.250.30.250.490.34-0.850.450.430.160.990.320.38-0.080.00.350.40.150.280.350.070.620.130.180.17
0.80.170.60.610.940.9-0.180.840.430.210.440.750.860.390.670.550.880.550.480.79-0.120.720.490.710.71
0.550.810.670.81-0.02-0.050.290.350.160.210.160.680.080.810.450.340.050.840.80.550.27-0.020.840.530.53
0.36-0.240.340.260.50.35-0.840.460.990.440.160.330.39-0.070.020.350.410.150.30.37-0.010.620.140.190.19
0.960.590.870.970.60.590.080.880.320.750.680.330.70.780.830.570.640.930.880.950.020.510.910.780.78
0.840.020.540.540.920.96-0.280.90.380.860.080.390.70.270.780.240.980.470.430.84-0.190.770.40.740.74
0.670.950.680.850.130.190.560.44-0.080.390.81-0.070.780.270.650.380.220.930.780.660.140.070.90.570.57
0.910.490.680.80.630.680.240.840.00.670.450.020.830.780.650.120.750.770.680.92-0.070.420.740.880.89
0.420.280.50.490.360.26-0.050.410.350.550.340.350.570.240.380.120.210.470.470.39-0.030.350.450.090.09
0.79-0.030.480.490.960.97-0.290.860.40.880.050.410.640.980.220.750.210.410.390.79-0.190.740.350.740.74
0.850.820.820.980.340.350.320.680.150.550.840.150.930.470.930.770.470.410.920.850.140.260.990.730.73
0.80.660.780.950.330.30.130.640.280.480.80.30.880.430.780.680.470.390.920.810.110.190.950.670.67
1.00.450.820.90.730.72-0.030.950.350.790.550.370.950.840.660.920.390.790.850.81-0.050.60.820.850.86
-0.050.21-0.360.14-0.23-0.220.06-0.140.07-0.120.27-0.010.02-0.190.14-0.07-0.03-0.190.140.11-0.05-0.160.17-0.02-0.02
0.62-0.150.430.350.760.77-0.540.740.620.72-0.020.620.510.770.070.420.350.740.260.190.6-0.160.190.40.4
0.820.810.790.980.290.280.320.640.130.490.840.140.910.40.90.740.450.350.990.950.820.170.190.70.7
0.860.410.690.770.650.690.080.790.180.710.530.190.780.740.570.880.090.740.730.670.85-0.020.40.71.0
0.860.410.690.770.640.680.080.790.170.710.530.190.780.740.570.890.090.740.730.670.86-0.020.40.71.0
Click cells to compare fundamentals

Astec Industries Account Relationship Matchups

Astec Industries fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets799.8M848.2M911.3M1.0B1.1B1.1B
Short Long Term Debt Total690K400K200K87.7M83.1M87.3M
Other Current Liab73.7M81.8M78.9M87.7M100.8M105.8M
Total Current Liabilities172.9M170.3M225.3M274M299M314.0M
Total Stockholder Equity601.7M643M654.8M626.9M653.4M343.3M
Property Plant And Equipment Net182.4M172.8M171.7M173.6M187.6M124.0M
Net Debt(48.2M)(158.2M)(134.2M)21.7M23.3M24.5M
Retained Earnings508.3M545.2M552.8M527.8M549.4M576.9M
Cash48.9M158.6M134.4M66M59.8M34.0M
Non Current Assets Total286.8M282.4M269.6M318M339.8M171.6M
Non Currrent Assets Other6.9M11M8.4M29.5M38.2M40.1M
Cash And Short Term Investments50.4M162.9M143M69.9M65.5M35.4M
Net Receivables124.1M120.6M144.1M167.1M167.3M175.7M
Common Stock Shares Outstanding22.7M22.9M22.9M22.8M22.8M21.9M
Liabilities And Stockholders Equity799.8M848.2M911.3M1.0B1.1B1.1B
Non Current Liabilities Total25.2M34.9M31.2M113.5M106.6M111.9M
Inventory278.9M249.7M303M393.4M455.6M478.4M
Other Current Assets59.6M32.6M51.6M66M27.7M14.0M
Other Stockholder Equity120.6M126.8M129.9M134.7M137.6M99.6M
Total Liab198.1M205.2M256.5M387.5M405.6M425.9M
Property Plant And Equipment Gross190.4M172.8M419.7M407.4M435.7M457.5M
Total Current Assets513.0M565.8M641.7M696.4M719.5M755.5M
Accumulated Other Comprehensive Income(31.8M)(33.5M)(32.4M)(40.1M)(38.1M)(36.2M)
Short Term Debt1.3M1.6M2.7M9.6M11.1M11.7M
Intangible Assets23.5M31.2M22.7M22.5M16.4M19.2M
Accounts Payable55.1M52.7M83.5M107.2M116.9M122.7M
Common Stock Total Equity4.6M4.5M4.5M4.5M5.2M4.8M
Common Stock4.6M4.5M4.5M4.5M5.2M4.8M
Other Liab22.5M29.8M26.8M27.1M31.2M18.2M
Current Deferred Revenue42.9M34.2M60.2M69.5M70.2M66.7M
Other Assets31.0M42M18.6M50.8M58.4M61.3M
Long Term Debt690K400K200K78.1M72M75.6M
Good Will33.2M38.7M38.6M45.2M46.3M44.0M
Property Plant Equipment190.4M172.8M177.5M173.6M199.6M173.6M
Net Tangible Assets578.4M572.6M593M559.2M643.1M629.6M
Noncontrolling Interest In Consolidated Entity1.1M710K538K500K450K427.5K
Retained Earnings Total Equity508.3M545.2M552.8M527.8M607.0M532.6M
Short Term Investments1.5M4.3M8.6M3.9M5.7M3.4M
Capital Surpluse122.6M127.8M130.6M135.8M122.2M106.0M

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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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 CorrelationCorrelation 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:
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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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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.