Avantor Other Current Liab vs Net Receivables Analysis
AVTR Stock | USD 25.11 0.82 3.38% |
Avantor financial indicator trend analysis is way more than just evaluating Avantor prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avantor is a good investment. Please check the relationship between Avantor Other Current Liab and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avantor. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Avantor Stock, please use our How to Invest in Avantor guide.
Other Current Liab vs Net Receivables
Other Current Liab vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avantor Other Current Liab account and Net Receivables. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Avantor's Other Current Liab and Net Receivables is 0.54. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Avantor, assuming nothing else is changed. The correlation between historical values of Avantor's Other Current Liab and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Avantor are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Other Current Liab i.e., Avantor's Other Current Liab and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.54 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Other Current Liab
Net Receivables
Most indicators from Avantor's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avantor 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 Avantor. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Avantor Stock, please use our How to Invest in Avantor guide.At this time, Avantor's Tax Provision is relatively stable compared to the past year. As of 05/15/2024, Sales General And Administrative To Revenue is likely to grow to 0.36, while Selling General Administrative is likely to drop slightly above 1.2 B.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.5B | 2.6B | 2.4B | 1.7B | Total Revenue | 7.4B | 4.9B | 7.0B | 4.9B |
Avantor fundamental ratios Correlations
Click cells to compare fundamentals
Avantor Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Avantor fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 9.8B | 9.9B | 13.9B | 13.5B | 13.0B | 11.2B | |
Other Current Liab | 232.3M | 313.6M | 401M | (195M) | 411.2M | 216.9M | |
Total Current Liabilities | 1.1B | 1.2B | 1.5B | 1.7B | 1.5B | 1.3B | |
Total Stockholder Equity | 2.5B | 2.7B | 4.2B | 4.9B | 5.3B | 5.5B | |
Other Liab | 1.1B | 1.0B | 1.3B | 940.2M | 1.1B | 1.1B | |
Net Tangible Assets | (5.5B) | (5.2B) | (7.3B) | (4.9B) | (4.4B) | (4.7B) | |
Retained Earnings | (203.7M) | (88.7M) | 483.9M | 1.2B | 1.5B | 1.6B | |
Accounts Payable | 560.2M | 678.9M | 755.1M | 758.2M | 625.9M | 622.3M | |
Cash | 186.7M | 286.6M | 301.7M | 372.9M | 262.9M | 253.5M | |
Other Assets | 72.9M | 219M | 233.1M | 174.8M | 201.0M | 139.5M | |
Long Term Debt | 5.0B | 4.9B | 7.0B | 5.9B | 5.3B | 5.9B | |
Net Receivables | 988.8M | 1.1B | 1.2B | 1.2B | 1.2B | 1.0B | |
Good Will | 2.8B | 2.9B | 5.3B | 5.7B | 5.7B | 3.9B | |
Common Stock Shares Outstanding | 401.2M | 583.4M | 599.6M | 679.4M | 678.4M | 608.6M | |
Inventory | 711.2M | 739.6M | 872M | 913.5M | 828.1M | 763.5M | |
Other Current Assets | 134.8M | 91.4M | 81.4M | 153.1M | 143.7M | 112.0M | |
Other Stockholder Equity | 196.9M | (2.7B) | 1.0B | (100.3M) | (115.3M) | (109.6M) | |
Total Liab | 7.3B | 7.2B | 9.7B | 8.6B | 7.7B | 9.4B | |
Short Long Term Debt | 93.5M | 26.4M | 45.2M | 364.2M | 259.9M | 145.0M | |
Total Current Assets | 2.0B | 2.2B | 2.5B | 2.7B | 2.4B | 2.2B | |
Short Term Debt | 93.5M | 26.4M | 45.2M | 364.2M | 259.9M | 145.0M | |
Intangible Assets | 4.2B | 4.0B | 5.1B | 4.1B | 3.8B | 4.3B | |
Common Stock | 1.7B | 1.7B | 2.8B | 3.8B | 3.8B | 4.0B | |
Property Plant Equipment | 689.3M | 549.9M | 705.5M | 727M | 836.1M | 650.2M | |
Short Long Term Debt Total | 5.1B | 4.9B | 7.0B | 6.3B | 5.5B | 4.9B | |
Property Plant And Equipment Net | 557M | 549.9M | 705.5M | 727M | 737.5M | 713.3M | |
Current Deferred Revenue | 188.5M | 223.8M | 249.5M | 731.4M | 183.3M | 323.1M | |
Net Debt | 4.9B | 4.6B | 6.7B | 5.9B | 5.3B | 4.7B | |
Non Current Assets Total | 7.8B | 7.7B | 11.4B | 10.8B | 10.6B | 10.2B | |
Non Currrent Assets Other | 205.2M | 216.7M | 233.1M | 293.5M | 358.3M | 232.9M | |
Cash And Short Term Investments | 186.7M | 286.6M | 301.7M | 372.9M | 262.9M | 279.9M | |
Common Stock Total Equity | 1.7B | 1.7B | 2.8B | 3.8B | 4.4B | 4.6B | |
Long Term Debt Total | 5.0B | 4.9B | 7.0B | 5.9B | 5.3B | 4.9B | |
Liabilities And Stockholders Equity | 9.8B | 9.9B | 13.9B | 13.5B | 13.0B | 12.6B | |
Non Current Liabilities Total | 6.2B | 6.0B | 8.2B | 7.0B | 6.2B | 6.6B | |
Net Invested Capital | 6.6B | 6.6B | 10.2B | 11.1B | 10.8B | 8.4B | |
Property Plant And Equipment Gross | 557M | 549M | 1.2B | 1.2B | 1.4B | 961.5M | |
Accumulated Other Comprehensive Income | (85.9M) | 21.7M | (43.2M) | (100.3M) | (69M) | (72.5M) | |
Non Current Liabilities Other | 428.2M | 398.1M | 358.4M | 295.4M | 350.3M | 281.3M | |
Net Working Capital | 947M | 988.2M | 1.0B | 999.1M | 904.6M | 1.0B |
Pair Trading with Avantor
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 Avantor 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 Avantor will appreciate offsetting losses from the drop in the long position's value.Moving together with Avantor Stock
0.71 | A | Agilent Technologies Financial Report 28th of May 2024 | PairCorr |
Moving against Avantor Stock
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0.41 | VCYT | Veracyte | PairCorr |
The ability to find closely correlated positions to Avantor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avantor 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 Avantor - 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 Avantor to buy it.
The correlation of Avantor 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 Avantor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avantor 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 Avantor 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 Avantor. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Avantor Stock, please use our How to Invest in Avantor guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
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When running Avantor's price analysis, check to measure Avantor'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 Avantor is operating at the current time. Most of Avantor's value examination focuses on studying past and present price action to predict the probability of Avantor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avantor's price. Additionally, you may evaluate how the addition of Avantor to your portfolios can decrease your overall portfolio volatility.
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Is Avantor'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 Avantor. If investors know Avantor 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 Avantor 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 (0.51) | Earnings Share 0.38 | Revenue Per Share 10.151 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0388 |
The market value of Avantor is measured differently than its book value, which is the value of Avantor that is recorded on the company's balance sheet. Investors also form their own opinion of Avantor's value that differs from its market value or its book value, called intrinsic value, which is Avantor'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 Avantor's market value can be influenced by many factors that don't directly affect Avantor'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 Avantor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avantor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avantor'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.