Acuity Net Income vs Inventory Turnover Analysis
AYI Stock | USD 255.19 5.59 2.24% |
Acuity Brands financial indicator trend analysis is way more than just evaluating Acuity Brands prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Acuity Brands is a good investment. Please check the relationship between Acuity Brands Net Income and its Inventory Turnover accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Acuity Brands. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For more detail on how to invest in Acuity Stock please use our How to Invest in Acuity Brands 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 Acuity Brands Net Income account and Inventory Turnover. At this time, the significance of the direction appears to have no relationship.
The correlation between Acuity Brands' Net Income and Inventory Turnover is 0.06. 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 Acuity Brands, assuming nothing else is changed. The correlation between historical values of Acuity Brands' 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 Acuity Brands 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., Acuity Brands' Net Income and Inventory Turnover go up and down completely randomly.
Correlation Coefficient | 0.06 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Acuity Brands financial statement analysis. It represents the amount of money remaining after all of Acuity Brands 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 Acuity Brands' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Acuity Brands 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 Acuity Brands. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For more detail on how to invest in Acuity Stock please use our How to Invest in Acuity Brands guide.As of now, Acuity Brands' Selling General Administrative is increasing as compared to previous years. The Acuity Brands' current Enterprise Value Over EBITDA is estimated to increase to 8.46, while Tax Provision is projected to decrease to under 88.3 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.7B | 1.7B | 2.0B | 1.2B | Total Revenue | 4.0B | 4.0B | 4.5B | 2.9B |
Acuity Brands fundamental ratios Correlations
Click cells to compare fundamentals
Acuity Brands Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Acuity Brands fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.5B | 3.6B | 3.5B | 3.4B | 3.9B | 2.3B | |
Other Current Liab | 261.4M | 277.1M | 306.4M | 309.7M | 356.2M | 198.8M | |
Total Current Liabilities | 617.6M | 692.2M | 733.6M | 595.4M | 684.7M | 547.4M | |
Total Stockholder Equity | 2.1B | 2.0B | 1.9B | 2.0B | 2.3B | 1.2B | |
Other Liab | 313M | 344.1M | 336.5M | 302.1M | 347.4M | 191.8M | |
Accounts Payable | 326.5M | 391.5M | 397.8M | 285.7M | 328.6M | 288.4M | |
Cash | 560.7M | 491.3M | 223.2M | 397.9M | 457.6M | 278.2M | |
Other Assets | 26.2M | 1.8B | 1.7B | 1.7B | 2.0B | 2.1B | |
Long Term Debt | 376.8M | 494.3M | 495M | 495.6M | 569.9M | 398.0M | |
Good Will | 1.1B | 1.1B | 1.1B | 1.1B | 1.3B | 692.7M | |
Inventory | 320.1M | 398.7M | 485.7M | 368.5M | 423.8M | 278.5M | |
Other Current Assets | 58.6M | 82.5M | 91.2M | 73.5M | 84.5M | 56.2M | |
Total Liab | 1.4B | 1.5B | 1.6B | 1.4B | 1.6B | 1.2B | |
Intangible Assets | 605.9M | 573.2M | 529.2M | 481.2M | 553.4M | 386.7M | |
Property Plant Equipment | 270.5M | 269.1M | 276.5M | 297.6M | 342.2M | 241.2M | |
Short Long Term Debt Total | 401.1M | 494.3M | 513M | 495.6M | 446.0M | 318.4M | |
Property Plant And Equipment Net | 270.5M | 269.1M | 276.5M | 297.6M | 342.2M | 240.0M | |
Net Debt | (159.6M) | 3M | 289.8M | 97.7M | 87.9M | 107.3M | |
Non Current Assets Total | 2.1B | 2.0B | 2.0B | 2.0B | 2.3B | 1.3B | |
Non Currrent Assets Other | 86.9M | 86.6M | 111M | 1.7B | 2.0B | 2.1B | |
Cash And Short Term Investments | 560.7M | 491.3M | 223.2M | 397.9M | 457.6M | 290.2M | |
Net Receivables | 500.3M | 571.8M | 665.9M | 555.3M | 638.6M | 448.9M | |
Common Stock Shares Outstanding | 39.6M | 36.6M | 34.6M | 32.2M | 28.9M | 33.1M | |
Liabilities And Stockholders Equity | 3.5B | 3.6B | 3.5B | 3.4B | 3.9B | 2.4B | |
Non Current Liabilities Total | 746.6M | 838.4M | 831.5M | 797.7M | 917.4M | 613.1M | |
Other Stockholder Equity | (263.6M) | (668.1M) | (1.1B) | (1.4B) | (1.2B) | (1.2B) | |
Property Plant And Equipment Gross | 333.9M | 269M | 276.5M | 1.0B | 1.2B | 1.3B | |
Total Current Assets | 1.4B | 1.5B | 1.5B | 1.4B | 1.6B | 1.1B | |
Accumulated Other Comprehensive Income | (132.7M) | (98.2M) | (125.8M) | (112.6M) | (101.3M) | (106.4M) | |
Short Term Debt | 24.3M | 15.9M | 18M | 19.7M | 17.7M | 16.8M | |
Retained Earnings | 2.5B | 2.8B | 3.2B | 3.5B | 4.0B | 4.2B | |
Treasury Stock | (1.2B) | (1.2B) | (1.7B) | (2.2B) | (2.0B) | (1.9B) | |
Net Tangible Assets | 441.6M | 2.0B | 1.9B | 2.0B | 2.3B | 2.4B | |
Retained Earnings Total Equity | 2.3B | 2.5B | 2.8B | 3.2B | 3.7B | 3.8B | |
Long Term Debt Total | 376.8M | 494.3M | 495M | 495.6M | 569.9M | 426.8M | |
Capital Surpluse | 963.6M | 995.6M | 1.0B | 1.1B | 1.2B | 957.3M | |
Deferred Long Term Liab | 94.9M | 12.9M | 13.3M | 29.9M | 26.9M | 46.5M |
Acuity Brands Investors Sentiment
The influence of Acuity Brands' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Acuity. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Acuity Brands' public news can be used to forecast risks associated with an investment in Acuity. The trend in average sentiment can be used to explain how an investor holding Acuity can time the market purely based on public headlines and social activities around Acuity Brands. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Acuity Brands' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Acuity Brands' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Acuity Brands' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Acuity Brands.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Acuity Brands in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Acuity Brands' short interest history, or implied volatility extrapolated from Acuity Brands options trading.
Pair Trading with Acuity Brands
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 Acuity Brands 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 Acuity Brands will appreciate offsetting losses from the drop in the long position's value.Moving together with Acuity Stock
0.84 | ROBOF | RoboGroup TEK | PairCorr |
Moving against Acuity Stock
0.88 | EVRC | Evercel | PairCorr |
0.79 | ENR | Energizer Holdings Financial Report 13th of May 2024 | PairCorr |
0.78 | GWH | ESS Tech Financial Report 14th of May 2024 | PairCorr |
0.61 | ENVX | Enovix Corp Financial Report 24th of April 2024 | PairCorr |
0.59 | GTI | Graphjet Technology Symbol Change | PairCorr |
The ability to find closely correlated positions to Acuity Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acuity Brands 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 Acuity Brands - 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 Acuity Brands to buy it.
The correlation of Acuity Brands 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 Acuity Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acuity Brands 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 Acuity Brands 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 Acuity Brands. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For more detail on how to invest in Acuity Stock please use our How to Invest in Acuity Brands guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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When running Acuity Brands' price analysis, check to measure Acuity Brands' 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 Acuity Brands is operating at the current time. Most of Acuity Brands' value examination focuses on studying past and present price action to predict the probability of Acuity Brands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Acuity Brands' price. Additionally, you may evaluate how the addition of Acuity Brands to your portfolios can decrease your overall portfolio volatility.
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Is Acuity Brands' 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 Acuity Brands. If investors know Acuity 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 Acuity Brands 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 0.105 | Dividend Share 0.54 | Earnings Share 11.96 | Revenue Per Share 123.491 | Quarterly Revenue Growth (0.04) |
The market value of Acuity Brands is measured differently than its book value, which is the value of Acuity that is recorded on the company's balance sheet. Investors also form their own opinion of Acuity Brands' value that differs from its market value or its book value, called intrinsic value, which is Acuity Brands' 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 Acuity Brands' market value can be influenced by many factors that don't directly affect Acuity Brands' 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 Acuity Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Acuity Brands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Acuity Brands' 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.