Astronics Direct Expenses vs Operating Margin Analysis

ATRO Stock  USD 18.92  0.73  4.01%   
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.
  
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.

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 28th of March 2024, Cash is likely to grow to about 12 M, while Retained Earnings are likely to drop about 108.2 M.

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.
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 28th of March 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 Profit65.4M71.5M174.3M183.0M
Total Revenue444.9M534.9M689.2M723.7M

Astronics fundamental ratios Correlations

0.930.940.880.940.940.920.830.360.940.120.360.880.350.960.870.030.960.660.930.020.540.760.850.830.66
0.930.810.810.810.860.990.670.430.890.010.430.790.330.970.790.150.950.560.850.110.420.730.720.680.5
0.940.810.960.840.840.820.730.250.780.040.250.920.270.890.95-0.050.940.850.980.130.650.860.930.880.78
0.880.810.960.730.810.830.550.180.69-0.170.180.920.290.860.950.150.930.890.960.30.530.930.90.770.7
0.940.810.840.730.910.810.920.270.950.290.270.810.380.820.71-0.020.820.480.81-0.190.470.580.740.80.54
0.940.860.840.810.910.880.750.220.910.010.220.80.390.860.80.240.870.60.840.00.520.650.770.730.57
0.920.990.820.830.810.880.640.270.86-0.070.270.840.270.940.810.210.940.60.860.10.390.780.750.680.47
0.830.670.730.550.920.750.640.360.870.570.360.620.360.710.57-0.330.680.320.67-0.410.530.390.610.850.52
0.360.430.250.180.270.220.270.360.440.41.00.00.410.490.18-0.260.4-0.010.240.10.31-0.030.120.260.34
0.940.890.780.690.950.910.860.870.440.320.440.710.420.880.660.040.850.380.75-0.20.430.520.630.710.46
0.120.010.04-0.170.290.01-0.070.570.40.320.4-0.180.180.05-0.18-0.64-0.02-0.37-0.1-0.770.22-0.34-0.170.22-0.02
0.360.430.250.180.270.220.270.361.00.440.40.00.410.490.18-0.260.4-0.010.240.10.31-0.030.120.260.34
0.880.790.920.920.810.80.840.620.00.71-0.180.00.170.810.90.120.870.80.950.20.380.930.920.770.63
0.350.330.270.290.380.390.270.360.410.420.180.410.170.290.180.240.30.040.230.220.120.10.060.240.04
0.960.970.890.860.820.860.940.710.490.880.050.490.810.290.870.010.990.660.910.130.530.750.810.770.68
0.870.790.950.950.710.80.810.570.180.66-0.180.180.90.180.870.010.920.920.980.30.580.910.970.820.84
0.030.15-0.050.15-0.020.240.21-0.33-0.260.04-0.64-0.260.120.240.010.010.060.080.00.38-0.330.17-0.06-0.27-0.35
0.960.950.940.930.820.870.940.680.40.85-0.020.40.870.30.990.920.060.750.950.190.550.830.870.790.71
0.660.560.850.890.480.60.60.32-0.010.38-0.37-0.010.80.040.660.920.080.750.860.450.580.880.890.680.79
0.930.850.980.960.810.840.860.670.240.75-0.10.240.950.230.910.980.00.950.860.240.580.910.960.850.79
0.020.110.130.3-0.190.00.1-0.410.1-0.2-0.770.10.20.220.130.30.380.190.450.24-0.030.370.26-0.080.27
0.540.420.650.530.470.520.390.530.310.430.220.310.380.120.530.58-0.330.550.580.58-0.030.320.570.650.7
0.760.730.860.930.580.650.780.39-0.030.52-0.34-0.030.930.10.750.910.170.830.880.910.370.320.880.680.61
0.850.720.930.90.740.770.750.610.120.63-0.170.120.920.060.810.97-0.060.870.890.960.260.570.880.840.86
0.830.680.880.770.80.730.680.850.260.710.220.260.770.240.770.82-0.270.790.680.85-0.080.650.680.840.76
0.660.50.780.70.540.570.470.520.340.46-0.020.340.630.040.680.84-0.350.710.790.790.270.70.610.860.76
Click cells to compare fundamentals

Astronics Account Relationship Matchups

Astronics fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets782.7M619.7M609.1M615.0M649.0M681.4M
Short Long Term Debt Total188.2M173M163M164M197.9M207.8M
Other Current Liab48.7M37.7M49.6M50.4M46.0M48.3M
Total Current Liabilities116.1M93.7M118.6M151.6M143.3M150.5M
Total Stockholder Equity388.9M270.4M256.6M239.9M249.5M262.0M
Property Plant And Equipment Net112.5M106.7M95.2M90.7M113.3M119.0M
Net Debt156.3M132.6M133.2M150.2M186.6M195.9M
Retained Earnings428.6M312.8M287.2M240.4M209.8M108.2M
Cash31.9M40.4M29.8M13.8M11.3M12.0M
Non Current Assets Total439.6M302.8M269.3M249.7M259.2M272.2M
Non Currrent Assets Other54.9M28.0M21.4M19.8M(57.1M)(54.2M)
Cash And Short Term Investments31.9M40.4M29.8M13.8M11.3M12.0M
Net Receivables148.0M93.1M107.4M147.8M172.1M180.7M
Common Stock Shares Outstanding32.5M30.8M31.1M32.2M33.1M25.1M
Liabilities And Stockholders Equity782.7M619.7M609.1M615.0M649.0M681.4M
Non Current Liabilities Total277.7M255.6M233.9M223.5M256.1M269.0M
Inventory145.8M157.1M157.6M188.0M191.8M201.4M
Other Stockholder Equity(24.4M)(26.3M)(16.5M)8.7M48.8M51.3M
Total Liab393.9M349.4M352.5M375.1M399.5M419.5M
Property Plant And Equipment Gross136.1M125.6M237.2M241.3M254.6M267.3M
Total Current Assets343.1M316.9M339.9M365.3M389.8M409.3M
Accumulated Other Comprehensive Income(15.6M)(16.5M)(14.5M)(9.5M)(9.4M)(9.9M)
Short Term Debt224K5.0M6.8M4.5M14.2M14.9M
Other Current Assets15.9M26.4M45.1M15.7M14.6M15.3M
Accounts Payable35.8M26.4M34.9M64.2M61.1M64.2M
Common Stock Total Equity345K347K353K354K407.1K427.5K
Common Stock345K347K353K354K373K208.8K
Other Liab61.3M82.6M70.9M54.0M62.1M65.2M
Other Assets28.8M28.0M96.3M37.4M43.0M45.1M
Long Term Debt188M173M163M159.5M159.2M103.7M
Good Will125.0M145.0M58.3M58.2M58.2M52.1M
Intangible Assets127.3M109.9M94.3M79.3M65.4M56.4M
Property Plant Equipment112.5M106.7M95.2M90.7M104.3M69.9M
Current Deferred Revenue31.4M24.6M27.4M32.6M22.0M18.7M
Net Tangible Assets116.6M102.2M104.0M102.5M117.8M87.8M
Retained Earnings Total Equity428.6M312.8M287.2M240.4M276.4M252.5M
Long Term Debt Total188M173M163M159.5M183.4M188.5M
Capital Surpluse76.3M82.2M92.0M98.6M113.4M74.0M
Deferred Long Term Liab3.9M2.9M1.4M1.9M1.7M1.6M
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 Astronics 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, Astronics' short interest history, or implied volatility extrapolated from Astronics options trading.

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

  0.72CW Curtiss-Wright Financial Report 1st of May 2024 PairCorr
  0.76GD General Dynamics Fiscal Quarter End 31st of March 2024 PairCorr

Moving against Astronics Stock

  0.66EVEX Eve Holding Financial Report 14th of May 2024 PairCorr
  0.52DPRO Draganfly Financial Report 14th of May 2024 PairCorr
  0.52MRCY Mercury Systems Financial Report 7th of May 2024 PairCorr
  0.48MNTS MomentusPairCorr
  0.45BA Boeing Fiscal Quarter End 31st of March 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.
Pair CorrelationCorrelation Matching
When determining whether Astronics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Astronics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Astronics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Astronics Stock:
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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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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.