Atkore Current Liabilities vs Total Assets Analysis

ATKR Stock  USD 188.59  2.53  1.36%   
Trend analysis of Atkore International Group balance sheet accounts such as Total Assets of 1.8 B, Short and Long Term Debt Total of 842.8 M or Other Current Liab of 108.6 M 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.
  
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.

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 Total Equity is relatively stable compared to the past year. As of 03/28/2024, Other Current Assets is likely to grow to about 116.7 M, while Short and Long Term Debt Total is likely to drop slightly above 842.8 M.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

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.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
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.
As of 03/28/2024, Enterprise Value Multiple is likely to grow to 9.20, while Selling General Administrative is likely to drop slightly above 266.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense30.7M35.2M31.7M31.7M
Depreciation And Amortization98.8M135.8M156.2M84.9M

Atkore International fundamental ratios Correlations

-0.89-0.91-0.71-0.85-0.830.7-0.83-0.78-0.880.42-0.81-0.83-0.81-0.820.52-0.16-0.83-0.81-0.9-0.920.98-0.9-0.8-0.82-0.92
-0.890.760.810.970.87-0.810.880.780.87-0.550.870.970.840.96-0.310.040.570.840.980.97-0.840.70.960.810.85
-0.910.760.570.740.64-0.640.610.650.67-0.120.610.750.640.72-0.460.070.950.640.770.82-0.930.980.710.680.84
-0.710.810.570.880.72-0.780.770.540.71-0.770.720.820.930.65-0.370.260.440.930.870.71-0.690.490.70.540.68
-0.850.970.740.880.83-0.880.850.740.83-0.560.830.990.850.91-0.240.050.550.850.980.91-0.80.660.940.740.79
-0.830.870.640.720.83-0.740.990.950.98-0.631.00.830.730.84-0.3-0.060.490.730.850.85-0.790.60.830.960.78
0.7-0.81-0.64-0.78-0.88-0.74-0.75-0.63-0.710.46-0.74-0.88-0.72-0.730.280.0-0.48-0.72-0.83-0.750.71-0.52-0.82-0.66-0.67
-0.830.880.610.770.850.99-0.750.920.98-0.690.990.840.780.83-0.30.00.460.780.860.83-0.770.570.820.930.77
-0.780.780.650.540.740.95-0.630.920.92-0.40.940.770.540.82-0.1-0.270.50.540.730.77-0.710.640.790.970.66
-0.880.870.670.710.830.98-0.710.980.92-0.620.970.820.760.83-0.380.00.550.760.870.86-0.840.650.810.940.83
0.42-0.55-0.12-0.77-0.56-0.630.46-0.69-0.4-0.62-0.63-0.48-0.8-0.380.37-0.41-0.03-0.8-0.6-0.430.37-0.08-0.38-0.42-0.5
-0.810.870.610.720.831.0-0.740.990.940.97-0.630.830.720.85-0.25-0.090.440.720.840.84-0.760.560.840.960.74
-0.830.970.750.820.990.83-0.880.840.770.82-0.480.830.780.94-0.17-0.040.540.780.960.91-0.780.670.960.770.77
-0.810.840.640.930.850.73-0.720.780.540.76-0.80.720.780.66-0.580.450.551.00.890.78-0.80.590.680.580.84
-0.820.960.720.650.910.84-0.730.830.820.83-0.380.850.940.66-0.14-0.150.510.660.90.95-0.750.670.980.840.76
0.52-0.31-0.46-0.37-0.24-0.30.28-0.3-0.1-0.380.37-0.25-0.17-0.58-0.14-0.53-0.61-0.58-0.39-0.420.64-0.49-0.13-0.24-0.71
-0.160.040.070.260.05-0.060.00.0-0.270.0-0.41-0.09-0.040.45-0.15-0.530.130.450.130.04-0.190.07-0.15-0.170.28
-0.830.570.950.440.550.49-0.480.460.50.55-0.030.440.540.550.51-0.610.130.550.610.67-0.890.970.50.540.79
-0.810.840.640.930.850.73-0.720.780.540.76-0.80.720.781.00.66-0.580.450.550.890.78-0.80.590.680.580.84
-0.90.980.770.870.980.85-0.830.860.730.87-0.60.840.960.890.9-0.390.130.610.890.95-0.870.70.920.760.87
-0.920.970.820.710.910.85-0.750.830.770.86-0.430.840.910.780.95-0.420.040.670.780.95-0.890.780.940.830.9
0.98-0.84-0.93-0.69-0.8-0.790.71-0.77-0.71-0.840.37-0.76-0.78-0.8-0.750.64-0.19-0.89-0.8-0.87-0.89-0.91-0.75-0.78-0.94
-0.90.70.980.490.660.6-0.520.570.640.65-0.080.560.670.590.67-0.490.070.970.590.70.78-0.910.640.660.83
-0.80.960.710.70.940.83-0.820.820.790.81-0.380.840.960.680.98-0.13-0.150.50.680.920.94-0.750.640.820.73
-0.820.810.680.540.740.96-0.660.930.970.94-0.420.960.770.580.84-0.24-0.170.540.580.760.83-0.780.660.820.74
-0.920.850.840.680.790.78-0.670.770.660.83-0.50.740.770.840.76-0.710.280.790.840.870.9-0.940.830.730.74
Click cells to compare fundamentals

Atkore International Account Relationship Matchups

Atkore International fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding48.0M47.3M44.3M39.3M35.4M43.5M
Total Assets1.6B2.2B2.6B2.9B3.4B1.8B
Short Long Term Debt Total843.7M800.4M832.3M884.4M1.0B842.8M
Other Current Liab82.0M189.7M144.6M134.1M154.2M108.6M
Total Current Liabilities276.2M524.9M501.9M564.6M649.3M366.2M
Total Stockholder Equity378.4M864.7M1.2B1.5B1.7B1.8B
Other Liab76.1M31.8M28.8M34.1M30.7M47.8M
Net Tangible Assets(65.2M)424.5M577.8M762.6M877.0M920.9M
Property Plant And Equipment Net243.9M275.6M390.2M559.0M642.9M675.0M
Current Deferred Revenue35.8M80.3M99.4M121.6M139.8M146.8M
Net Debt559.2M224.1M443.6M496.3M446.7M433.1M
Retained Earnings(64.2M)388.7M802.0M994.9M1.1B1.2B
Accounts Payable142.6M243.2M244.1M292.7M336.6M190.7M
Cash284.5M576.3M388.8M388.1M446.3M247.2M
Non Current Assets Total729.8M788.6M1.1B1.4B1.6B888.2M
Non Currrent Assets Other3.0M2.0M3.5M10.7M9.6M5.6M
Other Assets42.4M31.7M12.9M1K1.2K1.1K
Long Term Debt803.7M758.4M760.5M762.7M877.1M803.9M
Cash And Short Term Investments284.5M576.3M388.8M388.1M446.3M247.2M
Net Receivables298.2M524.9M528.9M559.9M643.8M368.1M
Good Will188.2M199.0M289.3M311.1M357.8M202.2M
Common Stock Total Equity471K475K461K415K373.5K427.2K
Liabilities And Stockholders Equity1.6B2.2B2.6B2.9B3.4B1.8B
Non Current Liabilities Total903.9M820.4M847.3M902.3M1.0B896.1M
Inventory199.1M286.0M454.5M493.9M567.9M289.4M
Other Current Assets46.9M34.2M80.7M96.7M111.2M116.7M
Other Stockholder Equity484.6M504.3M497.5M506.8M582.8M488.4M
Total Liab1.2B1.3B1.3B1.5B1.7B1.3B
Property Plant And Equipment Gross541.9M613.3M769.1M994.7M1.1B580.3M
Total Current Assets828.7M1.4B1.5B1.5B1.8B953.5M
Accumulated Other Comprehensive Income(42.6M)(28.7M)(50.1M)(33.9M)(30.5M)(32.1M)
Short Term Debt15.8M11.8M13.8M16.2M14.6M13.9M
Intangible Assets255.3M241.2M382.7M394.4M453.5M331.7M
Common Stock475K461K415K374K336.6K414.4K
Property Plant Equipment243.9M275.6M390.2M559.0M642.9M675.0M
Long Term Debt Total845.3M803.7M758.4M760.5M874.6M810.7M
Capital Surpluse477.1M487.2M506.9M500.1M575.1M495.5M

Atkore International Investors Sentiment

The influence of Atkore International's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Atkore. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Atkore International's public news can be used to forecast risks associated with an investment in Atkore. The trend in average sentiment can be used to explain how an investor holding Atkore can time the market purely based on public headlines and social activities around Atkore International Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Atkore International's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Atkore International's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Atkore International's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Atkore International.
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 Atkore International 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, Atkore International's short interest history, or implied volatility extrapolated from Atkore International options trading.

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

  0.79ADSEW ADS-TEC ENERGY PLCPairCorr
  0.63NCNC Noco-noco Ordinary SharePairCorr

Moving against Atkore Stock

  0.81NEOV NeoVolta Common StockPairCorr
  0.71OESX Orion Energy Systems Financial Report 4th of June 2024 PairCorr
  0.55ENVX Enovix Corp Financial Report 24th of April 2024 PairCorr
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.
Pair CorrelationCorrelation Matching
When determining whether Atkore International is a strong investment it is important to analyze Atkore International's 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 Atkore International's future performance. For an informed investment choice regarding Atkore Stock, refer to the following important reports:
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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

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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
16.69
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.