Astronics Asset Turnover vs Interest Expense Analysis
ATRO Stock | USD 16.46 0.33 1.97% |
Astronics financial indicator trend analysis is way more than just evaluating Astronics prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Astronics is a good investment. Please check the relationship between Astronics Asset Turnover and its Interest Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astronics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Astronics Stock, please use our How to Invest in Astronics guide.
Asset Turnover vs Interest Expense
Asset Turnover vs Interest Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Astronics Asset Turnover account and Interest Expense. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Astronics' Asset Turnover and Interest Expense is -0.13. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Astronics, assuming nothing else is changed. The correlation between historical values of Astronics' Asset Turnover and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Astronics are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Asset Turnover i.e., Astronics' Asset Turnover and Interest Expense go up and down completely randomly.
Correlation Coefficient | -0.13 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Most indicators from Astronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Astronics 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 Astronics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Astronics Stock, please use our How to Invest in Astronics guide.As of the 25th of April 2024, Selling General Administrative is likely to grow to about 126 M. Also, Tax Provision is likely to grow to about 7.8 M
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 65.4M | 71.5M | 174.3M | 183.0M | Total Revenue | 444.9M | 534.9M | 689.2M | 723.7M |
Astronics fundamental ratios Correlations
Click cells to compare fundamentals
Astronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Astronics fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 782.7M | 619.7M | 609.1M | 615.0M | 649.0M | 681.4M | |
Short Long Term Debt Total | 188.2M | 173M | 163M | 164M | 197.9M | 207.8M | |
Other Current Liab | 48.7M | 37.7M | 49.6M | 50.4M | 46.0M | 48.3M | |
Total Current Liabilities | 116.1M | 93.7M | 118.6M | 151.6M | 143.3M | 150.5M | |
Total Stockholder Equity | 388.9M | 270.4M | 256.6M | 239.9M | 249.5M | 262.0M | |
Property Plant And Equipment Net | 112.5M | 106.7M | 95.2M | 90.7M | 113.3M | 119.0M | |
Net Debt | 156.3M | 132.6M | 133.2M | 150.2M | 186.6M | 195.9M | |
Retained Earnings | 428.6M | 312.8M | 287.2M | 240.4M | 209.8M | 108.2M | |
Cash | 31.9M | 40.4M | 29.8M | 13.8M | 11.3M | 12.0M | |
Non Current Assets Total | 439.6M | 302.8M | 269.3M | 249.7M | 259.2M | 272.2M | |
Non Currrent Assets Other | 54.9M | 28.0M | 21.4M | 19.8M | (57.1M) | (54.2M) | |
Cash And Short Term Investments | 31.9M | 40.4M | 29.8M | 13.8M | 11.3M | 12.0M | |
Net Receivables | 148.0M | 93.1M | 107.4M | 147.8M | 172.1M | 180.7M | |
Common Stock Shares Outstanding | 32.5M | 30.8M | 31.1M | 32.2M | 33.1M | 25.1M | |
Liabilities And Stockholders Equity | 782.7M | 619.7M | 609.1M | 615.0M | 649.0M | 681.4M | |
Non Current Liabilities Total | 277.7M | 255.6M | 233.9M | 223.5M | 256.1M | 269.0M | |
Inventory | 145.8M | 157.1M | 157.6M | 188.0M | 191.8M | 201.4M | |
Other Stockholder Equity | (24.4M) | (26.3M) | (16.5M) | 8.7M | 48.8M | 51.3M | |
Total Liab | 393.9M | 349.4M | 352.5M | 375.1M | 399.5M | 419.5M | |
Property Plant And Equipment Gross | 136.1M | 125.6M | 237.2M | 241.3M | 254.6M | 267.3M | |
Total Current Assets | 343.1M | 316.9M | 339.9M | 365.3M | 389.8M | 409.3M | |
Accumulated Other Comprehensive Income | (15.6M) | (16.5M) | (14.5M) | (9.5M) | (9.4M) | (9.9M) | |
Short Term Debt | 224K | 5.0M | 6.8M | 4.5M | 14.2M | 14.9M | |
Other Current Assets | 15.9M | 26.4M | 45.1M | 15.7M | 14.6M | 15.3M | |
Accounts Payable | 35.8M | 26.4M | 34.9M | 64.2M | 61.1M | 64.2M | |
Common Stock Total Equity | 345K | 347K | 353K | 354K | 407.1K | 427.5K | |
Common Stock | 345K | 347K | 353K | 354K | 373K | 208.8K | |
Other Liab | 61.3M | 82.6M | 70.9M | 54.0M | 62.1M | 65.2M | |
Other Assets | 28.8M | 28.0M | 96.3M | 37.4M | 43.0M | 45.1M | |
Long Term Debt | 188M | 173M | 163M | 159.5M | 159.2M | 103.7M | |
Good Will | 125.0M | 145.0M | 58.3M | 58.2M | 58.2M | 52.1M | |
Intangible Assets | 127.3M | 109.9M | 94.3M | 79.3M | 65.4M | 56.4M | |
Property Plant Equipment | 112.5M | 106.7M | 95.2M | 90.7M | 104.3M | 69.9M | |
Current Deferred Revenue | 31.4M | 24.6M | 27.4M | 32.6M | 22.0M | 18.7M | |
Net Tangible Assets | 116.6M | 102.2M | 104.0M | 102.5M | 117.8M | 87.8M | |
Retained Earnings Total Equity | 428.6M | 312.8M | 287.2M | 240.4M | 276.4M | 252.5M | |
Long Term Debt Total | 188M | 173M | 163M | 159.5M | 183.4M | 188.5M | |
Capital Surpluse | 76.3M | 82.2M | 92.0M | 98.6M | 113.4M | 74.0M | |
Deferred Long Term Liab | 3.9M | 2.9M | 1.4M | 1.9M | 1.7M | 1.6M |
Pair Trading with Astronics
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 Astronics 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 Astronics will appreciate offsetting losses from the drop in the long position's value.Moving against Astronics Stock
0.49 | DCO | Ducommun Incorporated Financial Report 2nd of May 2024 | PairCorr |
0.43 | VTSI | VirTra Inc Financial Report 20th of May 2024 | PairCorr |
The ability to find closely correlated positions to Astronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astronics 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 Astronics - 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 Astronics to buy it.
The correlation of Astronics 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 Astronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astronics 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 Astronics 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 Astronics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Astronics Stock, please use our How to Invest in Astronics guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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Is Astronics' 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 Astronics. If investors know Astronics 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 Astronics 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 (0.93) | Earnings Share (0.80) | Revenue Per Share 20.819 | Quarterly Revenue Growth 0.235 | Return On Assets (0.01) |
The market value of Astronics is measured differently than its book value, which is the value of Astronics that is recorded on the company's balance sheet. Investors also form their own opinion of Astronics' value that differs from its market value or its book value, called intrinsic value, which is Astronics' 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 Astronics' market value can be influenced by many factors that don't directly affect Astronics' 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 Astronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Astronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astronics' 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.