Americas Current Ratio vs Gross Profit Analysis
| CRMT Stock | USD 55.54 1.12 1.98% |
Americas Car financial indicator trend analysis is way more than just evaluating Americas Car Mart prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Americas Car Mart is a good investment. Please check the relationship between Americas Car Current Ratio and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Americas Car Mart. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
Current Ratio vs Gross Profit
Current Ratio vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Americas Car Mart Current Ratio account and Gross Profit. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Americas Car's Current Ratio and Gross Profit is -0.16. Overlapping area represents the amount of variation of Current Ratio that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Americas Car Mart, assuming nothing else is changed. The correlation between historical values of Americas Car's Current Ratio and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Ratio of Americas Car Mart are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Current Ratio i.e., Americas Car's Current Ratio and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.16 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Americas Car Mart minus its cost of goods sold. It is profit before Americas Car operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most indicators from Americas Car's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Americas Car Mart 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 Americas Car Mart. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. At this time, Americas Car's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 15.30 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.13 in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 548.7M | 599.6M | 689.6M | 724.0M | Total Revenue | 1.2B | 1.4B | 1.6B | 1.7B |
Americas Car fundamental ratios Correlations
Click cells to compare fundamentals
Americas Car Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Americas Car fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 667.3M | 822.2M | 1.1B | 1.4B | 1.6B | 1.7B | |
| Short Long Term Debt Total | 278.4M | 290.6M | 502.1M | 638.6M | 734.4M | 771.1M | |
| Other Current Liab | 9.5M | (27.4M) | 7.6M | (80.3M) | (72.2M) | (68.6M) | |
| Total Current Liabilities | 22.6M | 25.3M | 27.7M | 638.6M | 734.4M | 771.1M | |
| Total Stockholder Equity | 302.8M | 406.5M | 469.4M | 297.4M | 342.0M | 359.1M | |
| Property Plant And Equipment Net | 90.9M | 95.1M | 110.3M | 120.8M | 138.9M | 145.9M | |
| Net Debt | 218.8M | 287.7M | 495.2M | 628.8M | 723.1M | 759.3M | |
| Retained Earnings | 460.9M | 565.0M | 658.2M | 685.8M | 788.7M | 828.1M | |
| Cash | 59.6M | 2.9M | 6.9M | 9.8M | 11.3M | 11.8M | |
| Non Current Assets Total | 97.7M | 102.4M | 118.9M | 169.3M | 194.7M | 204.5M | |
| Non Currrent Assets Other | (13.0M) | (20.0M) | (28.2M) | (2.5M) | (2.3M) | (2.1M) | |
| Cash And Short Term Investments | 59.6M | 2.9M | 6.9M | 9.8M | 11.3M | 11.8M | |
| Net Receivables | 469.2M | 628.5M | 859.5M | 1.1B | 1.2B | 1.3B | |
| Good Will | 6.8M | 7.3M | 8.6M | 11.7M | 10.5M | 11.1M | |
| Common Stock Shares Outstanding | 6.9M | 7.0M | 6.8M | 6.6M | 5.9M | 8.3M | |
| Liabilities And Stockholders Equity | 667.3M | 822.2M | 1.1B | 1.4B | 1.6B | 1.7B | |
| Non Current Liabilities Total | 341.6M | 389.9M | 647.9M | 484.4M | 557.1M | 584.9M | |
| Inventory | 36.4M | 82.3M | 115.3M | 109.3M | 125.7M | 132.0M | |
| Other Current Assets | 4.4M | 6.1M | 44.7M | 58.2M | 52.4M | 55.0M | |
| Other Stockholder Equity | 88.3M | 98.5M | 102.8M | (686.3M) | (617.7M) | (586.8M) | |
| Total Liab | 364.6M | 415.7M | 675.9M | 1.1B | 1.3B | 1.4B | |
| Property Plant And Equipment Gross | 90.9M | 95.1M | 151.3M | 165.9M | 190.8M | 200.3M | |
| Total Current Assets | 569.7M | 719.8M | 1.0B | 1.3B | 1.4B | 1.5B | |
| Accumulated Other Comprehensive Income | (246.9M) | (257.5M) | (292.2M) | 297.4M | 267.7M | 281.1M | |
| Short Term Debt | (24.5M) | 1.8M | (43.9M) | 638.6M | 734.4M | 771.1M | |
| Accounts Payable | 13.1M | 18.2M | 20.1M | 27.2M | 31.3M | 32.8M | |
| Common Stock Total Equity | 134K | 135K | 136K | 137K | 157.6K | 126.9K | |
| Common Stock | 134K | 135K | 136K | 137K | 157.6K | 126.9K | |
| Other Liab | 49.1M | 189.7M | 235.3M | 159.8M | 183.8M | 192.9M | |
| Other Assets | 37.8M | 105.2M | 111.9M | 1.1B | 1.3B | 1.4B | |
| Long Term Debt | 215.1M | 225.9M | 396.0M | 471.4M | 542.1M | 569.2M | |
| Property Plant Equipment | 30.1M | 34.7M | 51.4M | 61.7M | 70.9M | 74.5M | |
| Current Deferred Revenue | 24.5M | 32.7M | 43.9M | 53.1M | 61.0M | 64.1M | |
| Treasury Stock | (230.9M) | (246.9M) | (257.5M) | (292.2M) | (263.0M) | (249.9M) | |
| Net Tangible Assets | 296.2M | 399.5M | 469.4M | 487.1M | 560.2M | 314.7M | |
| Retained Earnings Total Equity | 460.9M | 565.0M | 658.2M | 685.8M | 788.7M | 411.7M | |
| Capital Surpluse | 88.6M | 98.8M | 103.1M | 109.9M | 126.4M | 83.5M |
Pair Trading with Americas Car
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 Americas Car 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 Americas Car will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Americas Car could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Americas Car 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 Americas Car - 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 Americas Car Mart to buy it.
The correlation of Americas Car 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 Americas Car moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Americas Car Mart 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 Americas Car 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 Americas Car Mart. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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When running Americas Car's price analysis, check to measure Americas Car'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 Americas Car is operating at the current time. Most of Americas Car's value examination focuses on studying past and present price action to predict the probability of Americas Car's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Americas Car's price. Additionally, you may evaluate how the addition of Americas Car to your portfolios can decrease your overall portfolio volatility.
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Is Americas Car'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 Americas Car. If investors know Americas 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 Americas Car 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 (0.70) | Earnings Share (4.67) | Revenue Per Share 221.88 | Quarterly Revenue Growth (0.08) | Return On Assets 0.0098 |
The market value of Americas Car Mart is measured differently than its book value, which is the value of Americas that is recorded on the company's balance sheet. Investors also form their own opinion of Americas Car's value that differs from its market value or its book value, called intrinsic value, which is Americas Car'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 Americas Car's market value can be influenced by many factors that don't directly affect Americas Car'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 Americas Car's value and its price as these two are different measures arrived at by different means. Investors typically determine if Americas Car is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Americas Car'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.