Atkore Accounts Payable vs Total Liabilities Analysis
ATKR Stock | USD 171.82 0.64 0.37% |
Trend analysis of Atkore International Group balance sheet accounts such as Other Current Liab of 112.1 M, Total Current Liabilities of 349.6 M or Total Stockholder Equity of 1.8 B provides information on Atkore International's total assets, liabilities, and equity, which is the actual value of Atkore International to its prevalent stockholders. By breaking down trends over time using Atkore International balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Atkore |
About Atkore Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Atkore International at a specified time, usually calculated after every quarter, six months, or one year. Atkore International Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Atkore International and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Atkore currently owns. An asset can also be divided into two categories, current and non-current.
Atkore International Balance Sheet Chart
Atkore International Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Atkore International uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Atkore International's Common Stock Shares Outstanding is relatively stable compared to the past year. As of 04/19/2024, Other Liabilities is likely to grow to about 47.8 M, while Other Current Liabilities is likely to drop slightly above 112.1 M. Add Fundamental
Total Assets
Total assets refers to the total amount of Atkore International assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Atkore International books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Atkore International balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Atkore International Group are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Most indicators from Atkore International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Atkore International 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 Atkore International Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. At this time, Atkore International's Enterprise Value Over EBITDA is relatively stable compared to the past year. As of 04/19/2024, Enterprise Value Multiple is likely to grow to 8.64, while Selling General Administrative is likely to drop slightly above 266.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 3.9B | 3.5B | 4.0B | 2.3B | Depreciation And Amortization | 98.8M | 135.8M | 156.2M | 82.4M |
Atkore International fundamental ratios Correlations
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Atkore International Account Relationship Matchups
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Atkore International fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.6B | 2.2B | 2.6B | 2.9B | 3.4B | 1.8B | |
Other Current Liab | 82.0M | 189.7M | 144.6M | 134.1M | 154.2M | 112.1M | |
Total Current Liabilities | 276.2M | 524.9M | 501.9M | 564.6M | 649.3M | 349.6M | |
Total Stockholder Equity | 378.4M | 864.7M | 1.2B | 1.5B | 1.7B | 1.8B | |
Property Plant And Equipment Net | 243.9M | 275.6M | 390.2M | 559.0M | 642.9M | 675.0M | |
Net Debt | 559.2M | 224.1M | 443.6M | 496.3M | 570.8M | 486.5M | |
Retained Earnings | (64.2M) | 388.7M | 802.0M | 994.9M | 1.1B | 1.2B | |
Accounts Payable | 142.6M | 243.2M | 244.1M | 292.7M | 336.6M | 181.8M | |
Cash | 284.5M | 576.3M | 388.8M | 388.1M | 446.3M | 468.6M | |
Non Current Assets Total | 729.8M | 788.6M | 1.1B | 1.4B | 1.6B | 865.4M | |
Non Currrent Assets Other | 3.0M | 2.0M | 3.5M | 10.7M | 12.3M | 12.9M | |
Other Assets | 42.4M | 31.7M | 12.9M | 1K | 900.0 | 855.0 | |
Cash And Short Term Investments | 284.5M | 576.3M | 388.8M | 388.1M | 446.3M | 468.6M | |
Net Receivables | 298.2M | 524.9M | 528.9M | 559.9M | 643.8M | 344.3M | |
Good Will | 188.2M | 199.0M | 289.3M | 311.1M | 357.8M | 194.5M | |
Non Current Liabilities Total | 903.9M | 820.4M | 847.3M | 902.3M | 1.0B | 822.0M | |
Inventory | 199.1M | 286.0M | 454.5M | 493.9M | 567.9M | 596.3M | |
Other Current Assets | 46.9M | 34.2M | 80.7M | 96.7M | 87.0M | 44.8M | |
Other Stockholder Equity | 484.6M | 504.3M | 497.5M | 506.8M | 582.8M | 515.4M | |
Total Liab | 1.2B | 1.3B | 1.3B | 1.5B | 1.7B | 1.2B | |
Total Current Assets | 828.7M | 1.4B | 1.5B | 1.5B | 1.8B | 905.5M | |
Intangible Assets | 255.3M | 241.2M | 382.7M | 394.4M | 453.5M | 327.9M | |
Common Stock Shares Outstanding | 48.0M | 47.3M | 44.3M | 39.3M | 35.4M | 43.5M | |
Short Long Term Debt Total | 843.7M | 800.4M | 832.3M | 884.4M | 1.0B | 842.8M | |
Other Liab | 76.1M | 31.8M | 28.8M | 34.1M | 30.7M | 47.8M | |
Net Tangible Assets | (65.2M) | 424.5M | 577.8M | 762.6M | 877.0M | 920.9M | |
Current Deferred Revenue | 35.8M | 80.3M | 99.4M | 121.6M | 139.8M | 146.8M | |
Long Term Debt | 803.7M | 758.4M | 760.5M | 762.7M | 877.1M | 803.9M | |
Common Stock Total Equity | 471K | 475K | 461K | 415K | 373.5K | 427.2K | |
Liabilities And Stockholders Equity | 1.6B | 2.2B | 2.6B | 2.9B | 3.4B | 1.8B | |
Property Plant And Equipment Gross | 541.9M | 613.3M | 769.1M | 994.7M | 1.1B | 580.3M | |
Accumulated Other Comprehensive Income | (42.6M) | (28.7M) | (50.1M) | (33.9M) | (30.5M) | (32.1M) | |
Short Term Debt | 15.8M | 11.8M | 13.8M | 16.2M | 14.6M | 13.9M | |
Common Stock | 475K | 461K | 415K | 374K | 336.6K | 414.4K | |
Property Plant Equipment | 243.9M | 275.6M | 390.2M | 559.0M | 642.9M | 675.0M | |
Long Term Debt Total | 845.3M | 803.7M | 758.4M | 760.5M | 874.6M | 810.7M | |
Capital Surpluse | 477.1M | 487.2M | 506.9M | 500.1M | 575.1M | 495.5M |
Pair Trading with Atkore International
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 Atkore International 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 Atkore International will appreciate offsetting losses from the drop in the long position's value.Moving together with Atkore Stock
0.85 | ROBOF | RoboGroup TEK | PairCorr |
Moving against Atkore Stock
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The ability to find closely correlated positions to Atkore International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atkore International 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 Atkore International - 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 Atkore International Group to buy it.
The correlation of Atkore International 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 Atkore International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atkore International 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 Atkore International 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 Atkore International Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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Is Atkore International's 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 Atkore International. If investors know Atkore 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 Atkore International 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 (0.14) | Earnings Share 16.67 | Revenue Per Share 91.461 | Quarterly Revenue Growth (0.04) | Return On Assets 0.1902 |
The market value of Atkore International is measured differently than its book value, which is the value of Atkore that is recorded on the company's balance sheet. Investors also form their own opinion of Atkore International's value that differs from its market value or its book value, called intrinsic value, which is Atkore International's 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 Atkore International's market value can be influenced by many factors that don't directly affect Atkore International's 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 Atkore International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Atkore International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atkore International's 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.