Acuity Payout Ratio vs Inventory Turnover Analysis

AYI Stock

USD 249.60 2.54 1.03%

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 Payout Ratio 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.

Payout Ratio vs Inventory Turnover

Payout Ratio vs Inventory Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Acuity Brands Payout Ratio account and Inventory Turnover. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Acuity Brands' Payout Ratio and Inventory Turnover is -0.15. Overlapping area represents the amount of variation of Payout Ratio 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' Payout Ratio 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 Payout Ratio 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 Payout Ratio i.e., Acuity Brands' Payout Ratio and Inventory Turnover go up and down completely randomly.

Correlation Coefficient

-0.15

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Payout Ratio

Payout Ratio is the proportion of Acuity Brands earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Acuity Brands dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Acuity Brands is paying out more in dividends than it makes in net income.

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

Gross Profit Total Revenue

Acuity Brands fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Accounts Payable	Cash	Other Assets	Long Term Debt	Good Will	Inventory	Other Current Assets	Total Liab	Intangible Assets	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity
Total Assets		0.96	0.87	0.99	0.96	0.71	0.32	0.51	0.65	0.98	0.85	0.73	0.95	0.71	0.78	0.13	0.78	-0.52	-0.17	0.97	0.26	0.31	0.9	-0.57	0.9	-0.69
Other Current Liab	0.96		0.85	0.94	0.9	0.64	0.33	0.6	0.73	0.94	0.82	0.76	0.94	0.6	0.75	0.16	0.75	-0.58	-0.15	0.92	0.27	0.32	0.87	-0.65	0.9	-0.73
Total Current Liabilities	0.87	0.85		0.83	0.86	0.77	0.04	0.46	0.54	0.85	0.91	0.59	0.92	0.75	0.84	0.23	0.84	-0.25	0.08	0.86	0.15	0.03	0.96	-0.45	0.75	-0.56
Total Stockholder Equity	0.99	0.94	0.83		0.95	0.73	0.39	0.43	0.57	0.97	0.8	0.68	0.9	0.65	0.74	0.03	0.73	-0.57	-0.27	0.95	0.28	0.39	0.87	-0.51	0.86	-0.64
Other Liab	0.96	0.9	0.86	0.95		0.67	0.21	0.51	0.63	0.96	0.86	0.75	0.94	0.75	0.8	0.18	0.8	-0.44	-0.07	0.96	0.19	0.21	0.88	-0.56	0.9	-0.67
Accounts Payable	0.71	0.64	0.77	0.73	0.67		0.22	0.14	0.14	0.71	0.66	0.24	0.62	0.32	0.46	-0.34	0.45	-0.46	-0.3	0.66	0.15	0.21	0.83	-0.05	0.43	-0.3
Cash	0.32	0.33	0.04	0.39	0.21	0.22		-0.04	0.01	0.19	-0.15	0.22	0.12	-0.24	-0.18	-0.38	-0.19	-0.45	-0.94	0.13	-0.12	1.0	0.04	0.07	0.18	0.0
Other Assets	0.51	0.6	0.46	0.43	0.51	0.14	-0.04		0.87	0.51	0.58	0.74	0.65	0.43	0.47	0.36	0.46	-0.48	0.24	0.54	0.39	-0.04	0.44	-0.92	0.74	-0.91
Long Term Debt	0.65	0.73	0.54	0.57	0.63	0.14	0.01	0.87		0.64	0.69	0.79	0.78	0.57	0.59	0.57	0.58	-0.34	0.27	0.68	0.24	0.01	0.52	-0.89	0.89	-0.81
Good Will	0.98	0.94	0.85	0.97	0.96	0.71	0.19	0.51	0.64		0.87	0.68	0.93	0.72	0.8	0.11	0.8	-0.54	-0.07	0.99	0.3	0.18	0.9	-0.59	0.89	-0.7
Inventory	0.85	0.82	0.91	0.8	0.86	0.66	-0.15	0.58	0.69	0.87		0.69	0.93	0.8	0.84	0.37	0.83	-0.26	0.28	0.89	0.27	-0.16	0.92	-0.62	0.83	-0.72
Other Current Assets	0.73	0.76	0.59	0.68	0.75	0.24	0.22	0.74	0.79	0.68	0.69		0.79	0.57	0.53	0.41	0.53	-0.33	0.02	0.7	0.16	0.22	0.57	-0.77	0.86	-0.78
Total Liab	0.95	0.94	0.92	0.9	0.94	0.62	0.12	0.65	0.78	0.93	0.93	0.79		0.8	0.84	0.35	0.84	-0.37	0.08	0.95	0.19	0.11	0.9	-0.68	0.94	-0.74
Intangible Assets	0.71	0.6	0.75	0.65	0.75	0.32	-0.24	0.43	0.57	0.72	0.8	0.57	0.8		0.88	0.56	0.88	0.04	0.42	0.79	0.14	-0.25	0.68	-0.54	0.73	-0.54
Property Plant Equipment	0.78	0.75	0.84	0.74	0.8	0.46	-0.18	0.47	0.59	0.8	0.84	0.53	0.84	0.88		0.37	1.0	-0.2	0.32	0.84	0.41	-0.18	0.84	-0.59	0.73	-0.6
Short Long Term Debt Total	0.13	0.16	0.23	0.03	0.18	-0.34	-0.38	0.36	0.57	0.11	0.37	0.41	0.35	0.56	0.37		0.38	0.51	0.66	0.2	-0.26	-0.39	0.09	-0.38	0.4	-0.23
Property Plant And Equipment Net	0.78	0.75	0.84	0.73	0.8	0.45	-0.19	0.46	0.58	0.8	0.83	0.53	0.84	0.88	1.0	0.38		-0.18	0.33	0.84	0.41	-0.19	0.84	-0.59	0.73	-0.6
Current Deferred Revenue	-0.52	-0.58	-0.25	-0.57	-0.44	-0.46	-0.45	-0.48	-0.34	-0.54	-0.26	-0.33	-0.37	0.04	-0.2	0.51	-0.18		0.48	-0.49	-0.6	-0.45	-0.4	0.5	-0.45	0.63
Net Debt	-0.17	-0.15	0.08	-0.27	-0.07	-0.3	-0.94	0.24	0.27	-0.07	0.28	0.02	0.08	0.42	0.32	0.66	0.33	0.48		0.01	0.08	-0.94	0.03	-0.29	0.05	-0.16
Non Current Assets Total	0.97	0.92	0.86	0.95	0.96	0.66	0.13	0.54	0.68	0.99	0.89	0.7	0.95	0.79	0.84	0.2	0.84	-0.49	0.01		0.3	0.13	0.89	-0.63	0.91	-0.73
Non Currrent Assets Other	0.26	0.27	0.15	0.28	0.19	0.15	-0.12	0.39	0.24	0.3	0.27	0.16	0.19	0.14	0.41	-0.26	0.41	-0.6	0.08	0.3		-0.11	0.34	-0.52	0.21	-0.54
Cash And Short Term Investments	0.31	0.32	0.03	0.39	0.21	0.21	1.0	-0.04	0.01	0.18	-0.16	0.22	0.11	-0.25	-0.18	-0.39	-0.19	-0.45	-0.94	0.13	-0.11		0.04	0.07	0.18	0.0
Net Receivables	0.9	0.87	0.96	0.87	0.88	0.83	0.04	0.44	0.52	0.9	0.92	0.57	0.9	0.68	0.84	0.09	0.84	-0.4	0.03	0.89	0.34	0.04		-0.46	0.74	-0.6
Common Stock Shares Outstanding	-0.57	-0.65	-0.45	-0.51	-0.56	-0.05	0.07	-0.92	-0.89	-0.59	-0.62	-0.77	-0.68	-0.54	-0.59	-0.38	-0.59	0.5	-0.29	-0.63	-0.52	0.07	-0.46		-0.79	0.94
Non Current Liabilities Total	0.9	0.9	0.75	0.86	0.9	0.43	0.18	0.74	0.89	0.89	0.83	0.86	0.94	0.73	0.73	0.4	0.73	-0.45	0.05	0.91	0.21	0.18	0.74	-0.79		-0.82
Other Stockholder Equity	-0.69	-0.73	-0.56	-0.64	-0.67	-0.3	0.0	-0.91	-0.81	-0.7	-0.72	-0.78	-0.74	-0.54	-0.6	-0.23	-0.6	0.63	-0.16	-0.73	-0.54	0.0	-0.6	0.94	-0.82

Click cells to compare fundamentals

Acuity Brands Account Relationship Matchups

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

0.85

ROBOF

RoboGroup TEK

Pair Corr

Moving against Acuity Stock

0.89	EVRC	Evercel	Pair Corr
0.79	ENR	Energizer Holdings Financial Report 13th of May 2024	Pair Corr
0.78	GWH	ESS Tech Financial Report 14th of May 2024	Pair Corr
0.63	ENVX	Enovix Corp Financial Report 24th of April 2024	Pair Corr
0.6	GTI	Graphjet Technology Symbol Change	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Acuity Brands offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Acuity Brands' 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 Acuity Brands Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Acuity Brands Stock:

How To Invest In Acuity

Details

Is Acuity Stock a good investment?

Details

What is Acuity Brands' Net Worth?

Details

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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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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.

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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.

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Acuity Payout Ratio vs Inventory Turnover Analysis

Payout Ratio vs Inventory Turnover

Payout Ratio vs Inventory Turnover Correlation Analysis

Correlation Coefficient

Payout Ratio

Inventory Turnover

Acuity Brands fundamental ratios Correlations

Acuity Brands Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Acuity Brands fundamental ratios Accounts

Pair Trading with Acuity Brands

Moving together with Acuity Stock

Moving against Acuity Stock

Complementary Tools for Acuity Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 1.0	Property Plant Equipment
Total Stockholder Equity	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Good Will
Good Will	+ 0.98	Total Assets
Non Current Assets Total	+ 0.97	Total Assets

Cash And Short Term Investments	- 0.94	Net Debt
Net Debt	- 0.94	Cash
Common Stock Shares Outstanding	- 0.92	Other Assets
Other Stockholder Equity	- 0.91	Other Assets
Common Stock Shares Outstanding	- 0.89	Long Term Debt
Other Stockholder Equity	- 0.82	Non Current Liabilities Total