Asure Days Of Inventory On Hand vs Roic Analysis
ASUR Stock | USD 13.49 5.50 68.84% |
Asure Software financial indicator trend analysis is way more than just evaluating Asure Software prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Asure Software is a good investment. Please check the relationship between Asure Software Days Of Inventory On Hand and its Roic accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Asure Software. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. To learn how to invest in Asure Stock, please use our How to Invest in Asure Software guide.
Days Of Inventory On Hand vs Roic
Days Of Inventory On Hand vs Roic Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Asure Software Days Of Inventory On Hand account and Roic. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Asure Software's Days Of Inventory On Hand and Roic is -0.7. Overlapping area represents the amount of variation of Days Of Inventory On Hand that can explain the historical movement of Roic in the same time period over historical financial statements of Asure Software, assuming nothing else is changed. The correlation between historical values of Asure Software's Days Of Inventory On Hand and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Of Inventory On Hand of Asure Software are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Days Of Inventory On Hand i.e., Asure Software's Days Of Inventory On Hand and Roic go up and down completely randomly.
Correlation Coefficient | -0.7 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Days Of Inventory On Hand
Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.Most indicators from Asure Software's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Asure Software 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 Asure Software. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. To learn how to invest in Asure Stock, please use our How to Invest in Asure Software guide.At this time, Asure Software's Tax Provision is relatively stable compared to the past year. As of 06/16/2024, Discontinued Operations is likely to grow to about 87.3 M, while Enterprise Value Over EBITDA is likely to drop 10.29.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 46.6M | 62.5M | 71.9M | 75.5M | Total Revenue | 76.1M | 95.8M | 119.1M | 125.0M |
Asure Software fundamental ratios Correlations
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Asure Software Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Asure Software fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 335.0M | 515.4M | 433.2M | 419.9M | 443.9M | 466.1M | |
Short Long Term Debt Total | 34.2M | 31.7M | 41.3M | 43.2M | 10.4M | 20.5M | |
Other Current Liab | 155.2M | 328.8M | 225.1M | 218.6M | 230.4M | 241.9M | |
Total Current Liabilities | 166.6M | 350.0M | 232.8M | 235.2M | 241.3M | 253.4M | |
Total Stockholder Equity | 137.6M | 145.7M | 158.2M | 145.1M | 191.7M | 201.2M | |
Property Plant And Equipment Net | 14.8M | 14.7M | 14.7M | 18.5M | 19.5M | 20.5M | |
Net Debt | 5.4M | 3.2M | 27.9M | 26.2M | (19.9M) | (18.9M) | |
Retained Earnings | (253.6M) | (270.0M) | (266.8M) | (281.2M) | (290.4M) | (305.0M) | |
Accounts Payable | 1.7M | 1.3M | 565K | 2.2M | 2.6M | 4.2M | |
Cash | 28.8M | 28.6M | 13.4M | 17.0M | 30.3M | 31.8M | |
Non Current Assets Total | 150.6M | 157.2M | 183.4M | 176.6M | 176.6M | 185.5M | |
Cash And Short Term Investments | 28.8M | 28.6M | 13.4M | 17.0M | 30.3M | 15.2M | |
Net Receivables | 4.8M | 5.3M | 5.3M | 12.1M | 14.2M | 8.3M | |
Common Stock Shares Outstanding | 15.5M | 15.9M | 19.5M | 20.1M | 22.1M | 23.2M | |
Liabilities And Stockholders Equity | 335.0M | 515.4M | 433.2M | 419.9M | 443.9M | 466.1M | |
Non Current Liabilities Total | 30.9M | 19.7M | 42.2M | 39.7M | 10.9M | 15.5M | |
Inventory | 656K | 449K | 246K | 251K | 155K | 147.3K | |
Other Current Assets | 1.3M | 1.5M | 230.9M | 10.3M | 222.5M | 233.7M | |
Other Stockholder Equity | 391.1M | 414.8M | 424.9M | 428.6M | 483.0M | 281.3M | |
Total Liab | 197.5M | 369.8M | 275.0M | 274.8M | 252.2M | 264.8M | |
Property Plant And Equipment Gross | 14.8M | 14.7M | 14.7M | 18.5M | 43.5M | 45.7M | |
Total Current Assets | 184.4M | 358.2M | 249.8M | 243.3M | 267.2M | 280.6M | |
Accumulated Other Comprehensive Income | (25K) | 604K | (99K) | (2.5M) | (1.1M) | (1.2M) | |
Short Term Debt | 4.1M | 14.1M | 3.5M | 6.0M | 1.5M | 3.0M | |
Non Currrent Assets Other | 3.2M | 4.0M | 4.1M | 5.5M | 9.0M | 9.5M | |
Intangible Assets | 63.9M | 64.6M | 78.6M | 66.6M | 62.1M | 65.2M | |
Current Deferred Revenue | 5.5M | 5.8M | 3.8M | 8.5M | 6.9M | 6.7M | |
Common Stock Total Equity | 157K | 161K | 193K | 204K | 183.6K | 167.9K | |
Common Stock | 161K | 193K | 204K | 206K | 254K | 169.3K | |
Other Liab | 797K | 2.2M | 4.3M | 2.4M | 2.2M | 1.5M | |
Other Assets | 3.2M | 331.5M | 4.1M | 5.5M | 1.0 | 0.95 | |
Property Plant Equipment | 7.9M | 8.3M | 14.7M | 18.5M | 21.3M | 22.3M | |
Long Term Debt | 24.1M | 12.2M | 33.1M | 30.8M | 4.3M | 4.1M | |
Good Will | 111.4M | 68.7M | 74.0M | 86.0M | 98.9M | 55.3M | |
Net Tangible Assets | 5.0M | 7.1M | (6.3M) | (7.5M) | (8.7M) | (9.1M) | |
Retained Earnings Total Equity | (283.6M) | (253.6M) | (270.0M) | (266.8M) | (240.1M) | (252.1M) | |
Long Term Debt Total | 107.2M | 24.1M | 12.2M | 33.1M | 38.1M | 34.8M | |
Capital Surpluse | 391.9M | 396.1M | 419.8M | 429.9M | 494.4M | 372.1M |
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