Astronics Operating Income vs Receivables Turnover Analysis

ATRO Stock  USD 18.92  0.73  4.01%   
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 Operating Income and its Receivables 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.

Operating Income vs Receivables Turnover

Operating Income vs Receivables Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Astronics Operating Income account and Receivables Turnover. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Astronics' Operating Income and Receivables Turnover is 0.44. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Receivables Turnover in the same time period over historical financial statements of Astronics, assuming nothing else is changed. The correlation between historical values of Astronics' Operating Income and Receivables 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 Operating Income of Astronics are associated (or correlated) with its Receivables Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Receivables Turnover has no effect on the direction of Operating Income i.e., Astronics' Operating Income and Receivables Turnover go up and down completely randomly.

Correlation Coefficient

0.44
Relationship DirectionPositive 
Relationship StrengthWeak

Operating Income

Operating Income is the amount of profit realized from Astronics operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Astronics is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Receivables Turnover

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

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

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Moving against Astronics Stock

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  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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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.
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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.