Astronics Current Assets vs Return on Investment Analysis
ATRO Stock | USD 18.47 0.14 0.75% |
Trend analysis of Astronics balance sheet accounts such as Short Long Term Debt Total of 207.8 M, Other Current Liabilities of 48.3 M or Total Current Liabilities of 150.5 M provides information on Astronics' total assets, liabilities, and equity, which is the actual value of Astronics to its prevalent stockholders. By breaking down trends over time using Astronics 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.
Astronics |
About Astronics Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Astronics at a specified time, usually calculated after every quarter, six months, or one year. Astronics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Astronics 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 Astronics currently owns. An asset can also be divided into two categories, current and non-current.
Astronics Balance Sheet Chart
Astronics 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 Astronics uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Astronics' Net Debt is very stable compared to the past year. As of the 12th of May 2024, Cash is likely to grow to about 12 M, while Retained Earnings are likely to drop about 108.2 M. Add Fundamental
Total Assets
Total assets refers to the total amount of Astronics 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 Astronics 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 Astronics balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Astronics 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.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.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 12th of May 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 together with Astronics Stock
0.66 | AZ | A2Z Smart Technologies Earnings Call This Week | PairCorr |
0.81 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
Moving against Astronics Stock
0.57 | GE | GE Aerospace Financial Report 23rd of July 2024 | PairCorr |
0.52 | EH | Ehang Holdings | PairCorr |
0.49 | GD | General Dynamics Financial Report 24th of July 2024 | PairCorr |
0.43 | DCO | Ducommun Incorporated | 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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Astronics Stock analysis
When running Astronics' price analysis, check to measure Astronics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Astronics is operating at the current time. Most of Astronics' value examination focuses on studying past and present price action to predict the probability of Astronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Astronics' price. Additionally, you may evaluate how the addition of Astronics to your portfolios can decrease your overall portfolio volatility.
Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
Share Portfolio Track or share privately all of your investments from the convenience of any device | |
Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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 (0.75) | Revenue Per Share 21.302 | Quarterly Revenue Growth 0.182 | 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.