Air Non Recurring vs Total Operating Expenses Analysis

ATSG Stock

USD 12.88 0.03 0.23%

Air Transport financial indicator trend analysis is way more than just evaluating Air Transport Services prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Air Transport Services is a good investment. Please check the relationship between Air Transport Non Recurring and its Total Operating Expenses accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air Transport Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

Non Recurring vs Total Operating Expenses

Non Recurring vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Air Transport Services Non Recurring account and Total Operating Expenses. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Air Transport's Non Recurring and Total Operating Expenses is 0.1. Overlapping area represents the amount of variation of Non Recurring that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Air Transport Services, assuming nothing else is changed. The correlation between historical values of Air Transport's Non Recurring and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Recurring of Air Transport Services are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Non Recurring i.e., Air Transport's Non Recurring and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.1

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Non Recurring

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Most indicators from Air Transport's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Air Transport Services 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 Air Transport Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

At this time, Air Transport's Enterprise Value Over EBITDA is most likely to increase slightly in the upcoming years. The Air Transport's current Enterprise Value Multiple is estimated to increase to 5.75, while Selling General Administrative is projected to decrease to roughly 9.3 M.

	2020	2021	2023	2024 (projected)
Gross Profit	373.9M	485.8M	199.8M	189.8M
Total Revenue	1.7B	2.0B	2.1B	1.3B

Gross Profit Total Revenue

Air Transport fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Other Current Liab	Total Current Liabilities	Other Liab	Retained Earnings	Accounts Payable	Cash	Long Term Debt	Inventory	Other Current Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Net Debt	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity
Total Assets		0.96	0.99	0.39	0.03	0.66	0.73	0.98	0.88	0.75	0.89	0.3	0.91	0.99	0.55	0.97	0.79	0.71	0.38	0.98	0.98	0.98	1.0	0.57	0.93	0.58
Total Stockholder Equity	0.96		0.96	0.41	-0.02	0.68	0.83	0.88	0.82	0.62	0.84	0.11	0.9	0.95	0.48	0.89	0.77	0.67	0.49	0.94	0.9	0.9	0.95	0.5	0.94	0.65
Property Plant And Equipment Net	0.99	0.96		0.34	0.07	0.65	0.7	0.97	0.91	0.73	0.87	0.29	0.94	0.99	0.49	0.95	0.78	0.69	0.35	0.99	0.96	0.96	1.0	0.52	0.91	0.6
Non Currrent Assets Other	0.39	0.41	0.34		-0.86	0.34	0.58	0.35	0.31	-0.14	0.34	-0.34	0.05	0.35	0.62	0.5	-0.03	0.09	0.92	0.29	0.48	0.47	0.36	0.62	0.44	0.43
Other Assets	0.03	-0.02	0.07	-0.86		-0.19	-0.24	0.06	0.02	0.57	0.08	0.63	0.3	0.06	-0.32	-0.08	0.41	0.33	-0.85	0.11	-0.08	-0.07	0.06	-0.32	-0.1	-0.38
Common Stock Shares Outstanding	0.66	0.68	0.65	0.34	-0.19		0.6	0.62	0.52	0.35	0.6	0.02	0.64	0.63	0.12	0.62	0.59	0.48	0.43	0.66	0.65	0.66	0.65	0.13	0.77	0.74
Other Stockholder Equity	0.73	0.83	0.7	0.58	-0.24	0.6		0.63	0.43	0.42	0.79	-0.01	0.56	0.69	0.56	0.72	0.68	0.68	0.68	0.63	0.71	0.71	0.71	0.56	0.82	0.55
Total Liab	0.98	0.88	0.97	0.35	0.06	0.62	0.63		0.87	0.79	0.87	0.41	0.87	0.97	0.57	0.98	0.77	0.71	0.3	0.97	0.99	0.99	0.98	0.59	0.87	0.5
Property Plant And Equipment Gross	0.88	0.82	0.91	0.31	0.02	0.52	0.43	0.87		0.54	0.69	0.19	0.86	0.9	0.41	0.83	0.53	0.41	0.25	0.93	0.84	0.84	0.89	0.45	0.7	0.65
Other Current Liab	0.75	0.62	0.73	-0.14	0.57	0.35	0.42	0.79	0.54		0.78	0.76	0.73	0.73	0.36	0.73	0.89	0.85	-0.21	0.73	0.72	0.73	0.76	0.37	0.64	0.04
Total Current Liabilities	0.89	0.84	0.87	0.34	0.08	0.6	0.79	0.87	0.69	0.78		0.45	0.78	0.87	0.6	0.87	0.89	0.85	0.31	0.84	0.87	0.87	0.88	0.6	0.84	0.53
Other Liab	0.3	0.11	0.29	-0.34	0.63	0.02	-0.01	0.41	0.19	0.76	0.45		0.29	0.3	0.03	0.31	0.54	0.66	-0.55	0.31	0.31	0.31	0.32	0.03	0.15	-0.3
Retained Earnings	0.91	0.9	0.94	0.05	0.3	0.64	0.56	0.87	0.86	0.73	0.78	0.29		0.93	0.26	0.79	0.82	0.63	0.13	0.95	0.81	0.82	0.91	0.28	0.84	0.59
Accounts Payable	0.99	0.95	0.99	0.35	0.06	0.63	0.69	0.97	0.9	0.73	0.87	0.3	0.93		0.51	0.94	0.78	0.69	0.36	0.99	0.95	0.95	0.99	0.54	0.92	0.59
Cash	0.55	0.48	0.49	0.62	-0.32	0.12	0.56	0.57	0.41	0.36	0.6	0.03	0.26	0.51		0.68	0.34	0.3	0.52	0.45	0.63	0.61	0.54	1.0	0.47	0.23
Long Term Debt	0.97	0.89	0.95	0.5	-0.08	0.62	0.72	0.98	0.83	0.73	0.87	0.31	0.79	0.94	0.68		0.72	0.68	0.44	0.93	0.99	0.99	0.97	0.7	0.88	0.5
Inventory	0.79	0.77	0.78	-0.03	0.41	0.59	0.68	0.77	0.53	0.89	0.89	0.54	0.82	0.78	0.34	0.72		0.89	0.04	0.77	0.73	0.74	0.79	0.33	0.81	0.34
Other Current Assets	0.71	0.67	0.69	0.09	0.33	0.48	0.68	0.71	0.41	0.85	0.85	0.66	0.63	0.69	0.3	0.68	0.89		0.05	0.65	0.69	0.69	0.71	0.3	0.71	0.17
Common Stock	0.38	0.49	0.35	0.92	-0.85	0.43	0.68	0.3	0.25	-0.21	0.31	-0.55	0.13	0.36	0.52	0.44	0.04	0.05		0.29	0.43	0.43	0.35	0.53	0.53	0.56
Property Plant Equipment	0.98	0.94	0.99	0.29	0.11	0.66	0.63	0.97	0.93	0.73	0.84	0.31	0.95	0.99	0.45	0.93	0.77	0.65	0.29		0.94	0.94	0.99	0.48	0.88	0.6
Short Long Term Debt Total	0.98	0.9	0.96	0.48	-0.08	0.65	0.71	0.99	0.84	0.72	0.87	0.31	0.81	0.95	0.63	0.99	0.73	0.69	0.43	0.94		1.0	0.98	0.65	0.9	0.54
Net Debt	0.98	0.9	0.96	0.47	-0.07	0.66	0.71	0.99	0.84	0.73	0.87	0.31	0.82	0.95	0.61	0.99	0.74	0.69	0.43	0.94	1.0		0.98	0.63	0.9	0.55
Non Current Assets Total	1.0	0.95	1.0	0.36	0.06	0.65	0.71	0.98	0.89	0.76	0.88	0.32	0.91	0.99	0.54	0.97	0.79	0.71	0.35	0.99	0.98	0.98		0.56	0.91	0.57
Cash And Short Term Investments	0.57	0.5	0.52	0.62	-0.32	0.13	0.56	0.59	0.45	0.37	0.6	0.03	0.28	0.54	1.0	0.7	0.33	0.3	0.53	0.48	0.65	0.63	0.56		0.48	0.24
Net Receivables	0.93	0.94	0.91	0.44	-0.1	0.77	0.82	0.87	0.7	0.64	0.84	0.15	0.84	0.92	0.47	0.88	0.81	0.71	0.53	0.88	0.9	0.9	0.91	0.48		0.61
Common Stock Total Equity	0.58	0.65	0.6	0.43	-0.38	0.74	0.55	0.5	0.65	0.04	0.53	-0.3	0.59	0.59	0.23	0.5	0.34	0.17	0.56	0.6	0.54	0.55	0.57	0.24	0.61

Click cells to compare fundamentals

Air Transport Account Relationship Matchups

Air Transport fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.5B	3.0B	3.3B	3.6B	4.0B	4.2B
Total Stockholder Equity	436.4M	855.5M	1.3B	1.4B	1.4B	1.4B
Property Plant And Equipment Net	1.6B	2.0B	2.2B	2.5B	2.9B	3.0B
Non Currrent Assets Other	204.1M	216.8M	(63.2M)	122.6M	156.4M	164.3M
Other Assets	204.5M	272.9M	216.8M	183.4M	165.1M	174.1M
Common Stock Shares Outstanding	69.3M	59.9M	76.2M	88.3M	75.6M	70.1M
Liabilities And Stockholders Equity	2.5B	3.0B	3.3B	3.6B	4.0B	4.2B
Other Stockholder Equity	471.2M	855.5M	1.1B	986.3M	836.3M	572.8M
Total Liab	2.0B	2.1B	1.9B	2.2B	2.6B	2.8B
Property Plant And Equipment Gross	1.8B	2.0B	2.2B	2.4B	4.7B	4.9B
Other Current Liab	70.6M	75.5M	71.6M	69.0M	67.4M	65.3M
Total Current Liabilities	229.1M	302.0M	312.6M	307.5M	400.2M	207.6M
Other Liab	596.6M	327.8M	289.2M	354.1M	407.2M	308.5M
Retained Earnings	56.1M	78.0M	309.4M	528.9M	589.2M	618.7M
Accounts Payable	109.8M	141.4M	174.2M	193.0M	227.7M	239.0M
Cash	59.3M	39.7M	69.5M	27.1M	53.6M	34.5M
Long Term Debt	1.5B	1.5B	1.3B	1.5B	1.7B	1.8B
Inventory	33.5M	40.4M	49.2M	57.8M	49.9M	26.6M
Other Current Assets	18.6M	39.1M	28.7M	32.0M	26.6M	17.9M
Property Plant Equipment	1.8B	1.9B	2.2B	2.4B	2.8B	2.9B
Short Long Term Debt Total	1.4B	1.5B	1.4B	1.5B	1.8B	1.9B
Net Debt	1.3B	1.5B	1.3B	1.5B	1.8B	1.9B
Non Current Assets Total	2.2B	2.7B	2.9B	3.2B	3.7B	3.8B
Cash And Short Term Investments	59.3M	39.7M	69.5M	27.1M	53.6M	39.0M
Net Receivables	147.8M	153.5M	205.4M	301.6M	215.6M	226.4M
Common Stock Total Equity	593K	596K	741K	723K	831.5K	682.6K
Non Current Liabilities Total	1.8B	1.8B	1.6B	1.9B	2.2B	2.3B
Total Current Assets	259.2M	272.7M	352.8M	418.5M	345.7M	215.1M
Accumulated Other Comprehensive Income	(91.4M)	(78.7M)	(62.1M)	(103.4M)	(57.4M)	(60.3M)
Short Term Debt	29.7M	31.5M	19.4M	24.0M	74.9M	78.6M
Intangible Assets	131.7M	120.3M	109.2M	96.7M	86.5M	79.5M
Current Deferred Revenue	19.1M	53.5M	47.4M	21.5M	30.2M	19.7M
Net Tangible Assets	(595.0M)	(177.1M)	817.3M	919.9M	1.1B	1.1B
Retained Earnings Total Equity	45.9M	78.0M	309.4M	528.9M	608.2M	638.6M
Long Term Debt Total	1.5B	1.5B	1.3B	1.5B	1.7B	985.3M
Capital Surpluse	475.7M	855.5M	1.1B	986.3M	1.1B	697.4M
Short Long Term Debt	14.7M	13.7M	628K	639K	54.7M	57.4M

Pair Trading with Air Transport

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 Air Transport 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 Air Transport will appreciate offsetting losses from the drop in the long position's value.

Moving together with Air Stock

0.62	HA	Hawaiian Holdings	Pair Corr
0.66	WERN	Werner Enterprises Financial Report 1st of May 2024	Pair Corr

Moving against Air Stock

0.81	SKYW	SkyWest	Pair Corr
0.76	XPO	XPO Logistics Downward Rally	Pair Corr
0.7	CP	Canadian Pacific Railway	Pair Corr
0.66	SAIA	Saia Inc	Pair Corr
0.63	DAL	Delta Air Lines Financial Report 11th of July 2024	Pair Corr

The ability to find closely correlated positions to Air Transport could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Air Transport 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 Air Transport - 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 Air Transport Services to buy it.

The correlation of Air Transport 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 Air Transport moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Air Transport Services 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 Air Transport 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 Air Transport Services is a strong investment it is important to analyze Air Transport's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Air Transport's future performance. For an informed investment choice regarding Air Stock, refer to the following important reports:

How To Invest In Air

Details

Is Air Stock a good investment?

Details

What is Air Transport's Net Worth?

Details

Largest Air Freight & Logistics Companies

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Largest Transportation Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air Transport Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Complementary Tools for Air Stock analysis

When running Air Transport's price analysis, check to measure Air Transport's 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 Air Transport is operating at the current time. Most of Air Transport's value examination focuses on studying past and present price action to predict the probability of Air Transport's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Air Transport's price. Additionally, you may evaluate how the addition of Air Transport to your portfolios can decrease your overall portfolio volatility.

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Is Air Transport's 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 Air Transport. If investors know Air 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 Air Transport 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

(0.58)

Earnings Share

0.82

Revenue Per Share

30.166

Quarterly Revenue Growth

(0.03)

Return On Assets

0.0272

The market value of Air Transport Services is measured differently than its book value, which is the value of Air that is recorded on the company's balance sheet. Investors also form their own opinion of Air Transport's value that differs from its market value or its book value, called intrinsic value, which is Air Transport's 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 Air Transport's market value can be influenced by many factors that don't directly affect Air Transport's 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 Air Transport's value and its price as these two are different measures arrived at by different means. Investors typically determine if Air Transport is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Air Transport's 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.

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Air Non Recurring vs Total Operating Expenses Analysis

Non Recurring vs Total Operating Expenses

Non Recurring vs Total Operating Expenses Correlation Analysis

Correlation Coefficient

Non Recurring

Total Operating Expenses

Air Transport fundamental ratios Correlations

Air Transport Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Air Transport fundamental ratios Accounts

Pair Trading with Air Transport

Moving together with Air Stock

Moving against Air Stock

Complementary Tools for Air Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Net Debt	+ 1.0	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Assets

Other Assets	- 0.86	Non Currrent Assets Other
Common Stock	- 0.85	Other Assets
Common Stock	- 0.55	Other Liab
Common Stock Total Equity	- 0.38	Other Assets
Other Liab	- 0.34	Non Currrent Assets Other
Cash And Short Term Investments	- 0.32	Other Assets