Astronics Price to Sales Ratio vs Cost of Revenue Analysis

ATRO Stock

USD 16.32 0.30 1.87%

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 Price To Sales Ratio and its Cost Of Revenue 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.

Price To Sales Ratio vs Cost Of Revenue

Price to Sales Ratio vs Cost of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Astronics Price to Sales Ratio account and Cost of Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Astronics' Price to Sales Ratio and Cost of Revenue is -0.36. Overlapping area represents the amount of variation of Price to Sales Ratio that can explain the historical movement of Cost of Revenue in the same time period over historical financial statements of Astronics, assuming nothing else is changed. The correlation between historical values of Astronics' Price to Sales Ratio and Cost of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price to Sales Ratio of Astronics are associated (or correlated) with its Cost of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost of Revenue has no effect on the direction of Price to Sales Ratio i.e., Astronics' Price to Sales Ratio and Cost of Revenue go up and down completely randomly.

Correlation Coefficient

-0.36

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Astronics stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Astronics sales, a figure that is much harder to manipulate than other Astronics multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.

Cost Of Revenue

Cost of Revenue is found on Astronics income statement and represents the costs associated with goods and services Astronics provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

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 23rd 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

Gross Profit Total Revenue

Astronics fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Current Assets	Accounts Payable	Common Stock Total Equity	Common Stock	Other Liab
Total Assets		0.93	0.94	0.88	0.94	0.94	0.92	0.83	0.36	0.94	0.12	0.36	0.88	0.35	0.96	0.87	0.03	0.96	0.66	0.93	0.02	0.54	0.76	0.85	0.83	0.66
Short Long Term Debt Total	0.93		0.81	0.81	0.81	0.86	0.99	0.67	0.43	0.89	0.01	0.43	0.79	0.33	0.97	0.79	0.15	0.95	0.56	0.85	0.11	0.42	0.73	0.72	0.68	0.5
Other Current Liab	0.94	0.81		0.96	0.84	0.84	0.82	0.73	0.25	0.78	0.04	0.25	0.92	0.27	0.89	0.95	-0.05	0.94	0.85	0.98	0.13	0.65	0.86	0.93	0.88	0.78
Total Current Liabilities	0.88	0.81	0.96		0.73	0.81	0.83	0.55	0.18	0.69	-0.17	0.18	0.92	0.29	0.86	0.95	0.15	0.93	0.89	0.96	0.3	0.53	0.93	0.9	0.77	0.7
Total Stockholder Equity	0.94	0.81	0.84	0.73		0.91	0.81	0.92	0.27	0.95	0.29	0.27	0.81	0.38	0.82	0.71	-0.02	0.82	0.48	0.81	-0.19	0.47	0.58	0.74	0.8	0.54
Property Plant And Equipment Net	0.94	0.86	0.84	0.81	0.91		0.88	0.75	0.22	0.91	0.01	0.22	0.8	0.39	0.86	0.8	0.24	0.87	0.6	0.84	0.0	0.52	0.65	0.77	0.73	0.57
Net Debt	0.92	0.99	0.82	0.83	0.81	0.88		0.64	0.27	0.86	-0.07	0.27	0.84	0.27	0.94	0.81	0.21	0.94	0.6	0.86	0.1	0.39	0.78	0.75	0.68	0.47
Retained Earnings	0.83	0.67	0.73	0.55	0.92	0.75	0.64		0.36	0.87	0.57	0.36	0.62	0.36	0.71	0.57	-0.33	0.68	0.32	0.67	-0.41	0.53	0.39	0.61	0.85	0.52
Cash	0.36	0.43	0.25	0.18	0.27	0.22	0.27	0.36		0.44	0.4	1.0	0.0	0.41	0.49	0.18	-0.26	0.4	-0.01	0.24	0.1	0.31	-0.03	0.12	0.26	0.34
Non Current Assets Total	0.94	0.89	0.78	0.69	0.95	0.91	0.86	0.87	0.44		0.32	0.44	0.71	0.42	0.88	0.66	0.04	0.85	0.38	0.75	-0.2	0.43	0.52	0.63	0.71	0.46
Non Currrent Assets Other	0.12	0.01	0.04	-0.17	0.29	0.01	-0.07	0.57	0.4	0.32		0.4	-0.18	0.18	0.05	-0.18	-0.64	-0.02	-0.37	-0.1	-0.77	0.22	-0.34	-0.17	0.22	-0.02
Cash And Short Term Investments	0.36	0.43	0.25	0.18	0.27	0.22	0.27	0.36	1.0	0.44	0.4		0.0	0.41	0.49	0.18	-0.26	0.4	-0.01	0.24	0.1	0.31	-0.03	0.12	0.26	0.34
Net Receivables	0.88	0.79	0.92	0.92	0.81	0.8	0.84	0.62	0.0	0.71	-0.18	0.0		0.17	0.81	0.9	0.12	0.87	0.8	0.95	0.2	0.38	0.93	0.92	0.77	0.63
Common Stock Shares Outstanding	0.35	0.33	0.27	0.29	0.38	0.39	0.27	0.36	0.41	0.42	0.18	0.41	0.17		0.29	0.18	0.24	0.3	0.04	0.23	0.22	0.12	0.1	0.06	0.24	0.04
Non Current Liabilities Total	0.96	0.97	0.89	0.86	0.82	0.86	0.94	0.71	0.49	0.88	0.05	0.49	0.81	0.29		0.87	0.01	0.99	0.66	0.91	0.13	0.53	0.75	0.81	0.77	0.68
Inventory	0.87	0.79	0.95	0.95	0.71	0.8	0.81	0.57	0.18	0.66	-0.18	0.18	0.9	0.18	0.87		0.01	0.92	0.92	0.98	0.3	0.58	0.91	0.97	0.82	0.84
Other Stockholder Equity	0.03	0.15	-0.05	0.15	-0.02	0.24	0.21	-0.33	-0.26	0.04	-0.64	-0.26	0.12	0.24	0.01	0.01		0.06	0.08	0.0	0.38	-0.33	0.17	-0.06	-0.27	-0.35
Total Liab	0.96	0.95	0.94	0.93	0.82	0.87	0.94	0.68	0.4	0.85	-0.02	0.4	0.87	0.3	0.99	0.92	0.06		0.75	0.95	0.19	0.55	0.83	0.87	0.79	0.71
Property Plant And Equipment Gross	0.66	0.56	0.85	0.89	0.48	0.6	0.6	0.32	-0.01	0.38	-0.37	-0.01	0.8	0.04	0.66	0.92	0.08	0.75		0.86	0.45	0.58	0.88	0.89	0.68	0.79
Total Current Assets	0.93	0.85	0.98	0.96	0.81	0.84	0.86	0.67	0.24	0.75	-0.1	0.24	0.95	0.23	0.91	0.98	0.0	0.95	0.86		0.24	0.58	0.91	0.96	0.85	0.79
Short Term Debt	0.02	0.11	0.13	0.3	-0.19	0.0	0.1	-0.41	0.1	-0.2	-0.77	0.1	0.2	0.22	0.13	0.3	0.38	0.19	0.45	0.24		-0.03	0.37	0.26	-0.08	0.27
Other Current Assets	0.54	0.42	0.65	0.53	0.47	0.52	0.39	0.53	0.31	0.43	0.22	0.31	0.38	0.12	0.53	0.58	-0.33	0.55	0.58	0.58	-0.03		0.32	0.57	0.65	0.7
Accounts Payable	0.76	0.73	0.86	0.93	0.58	0.65	0.78	0.39	-0.03	0.52	-0.34	-0.03	0.93	0.1	0.75	0.91	0.17	0.83	0.88	0.91	0.37	0.32		0.88	0.68	0.61
Common Stock Total Equity	0.85	0.72	0.93	0.9	0.74	0.77	0.75	0.61	0.12	0.63	-0.17	0.12	0.92	0.06	0.81	0.97	-0.06	0.87	0.89	0.96	0.26	0.57	0.88		0.84	0.86
Common Stock	0.83	0.68	0.88	0.77	0.8	0.73	0.68	0.85	0.26	0.71	0.22	0.26	0.77	0.24	0.77	0.82	-0.27	0.79	0.68	0.85	-0.08	0.65	0.68	0.84		0.76
Other Liab	0.66	0.5	0.78	0.7	0.54	0.57	0.47	0.52	0.34	0.46	-0.02	0.34	0.63	0.04	0.68	0.84	-0.35	0.71	0.79	0.79	0.27	0.7	0.61	0.86	0.76

Click cells to compare fundamentals

Astronics Account Relationship Matchups

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

0.46	DCO	Ducommun Incorporated Financial Report 2nd of May 2024	Pair Corr
0.42	VTSI	VirTra Inc Financial Report 20th of May 2024	Pair Corr

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 Correlation Correlation 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:

How To Invest In Astronics

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Is Astronics Stock a good investment?

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What is Astronics' Net Worth?

Details

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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 Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Astronics Price to Sales Ratio vs Cost of Revenue Analysis

Price To Sales Ratio vs Cost Of Revenue

Price to Sales Ratio vs Cost of Revenue Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Cost Of Revenue

Astronics fundamental ratios Correlations

Astronics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Astronics fundamental ratios Accounts

Pair Trading with Astronics

Moving against Astronics Stock

Complementary Tools for Astronics Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Net Debt	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Non Current Liabilities Total
Total Current Assets	+ 0.98	Other Current Liab
Total Current Assets	+ 0.98	Inventory
Non Current Liabilities Total	+ 0.97	Short Long Term Debt Total

Short Term Debt	- 0.77	Non Currrent Assets Other
Other Stockholder Equity	- 0.64	Non Currrent Assets Other
Short Term Debt	- 0.41	Retained Earnings
Property Plant And Equipment Gross	- 0.37	Non Currrent Assets Other
Other Liab	- 0.35	Other Stockholder Equity
Accounts Payable	- 0.34	Non Currrent Assets Other