Astronics Net Income vs Inventory Turnover Analysis
ATRO Stock | USD 16.02 0.02 0.12% |
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 Net Income and its Inventory Turnover 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.
Net Income vs Inventory Turnover
Net Income vs Inventory Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Astronics Net Income account and Inventory Turnover. At this time, the significance of the direction appears to have strong relationship.
The correlation between Astronics' Net Income and Inventory Turnover is 0.72. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of Astronics, assuming nothing else is changed. The correlation between historical values of Astronics' Net Income and Inventory Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Astronics are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Net Income i.e., Astronics' Net Income and Inventory Turnover go up and down completely randomly.
Correlation Coefficient | 0.72 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Astronics financial statement analysis. It represents the amount of money remaining after all of Astronics operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.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 19th 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
0.41 | 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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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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.
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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.