Acuity Operating Income vs Receivables 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 Operating Income and its Receivables 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.
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 Acuity Brands Operating Income account and Receivables Turnover. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Acuity Brands' Operating Income and Receivables Turnover is -0.15. 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 Acuity Brands, assuming nothing else is changed. The correlation between historical values of Acuity Brands' 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 Acuity Brands 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., Acuity Brands' Operating Income and Receivables Turnover go up and down completely randomly.
Correlation Coefficient | -0.15 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Operating Income
Operating Income is the amount of profit realized from Acuity Brands 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 Acuity Brands 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 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 |
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 | 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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Acuity Stock analysis
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.
Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
Transaction History View history of all your transactions and understand their impact on performance | |
Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
FinTech Suite Use AI to screen and filter profitable investment opportunities |
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.