ESCO Interest Coverage vs Receivables Turnover Analysis

ESE Stock  USD 105.94  2.60  2.52%   
ESCO Technologies financial indicator trend analysis is much more than just examining ESCO Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ESCO Technologies is a good investment. Please check the relationship between ESCO Technologies Interest Coverage and its Receivables Turnover accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ESCO Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
For information on how to trade ESCO Stock refer to our How to Trade ESCO Stock guide.

Interest Coverage vs Receivables Turnover

Interest Coverage vs Receivables Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ESCO Technologies Interest Coverage account and Receivables Turnover. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between ESCO Technologies' Interest Coverage and Receivables Turnover is 0.45. Overlapping area represents the amount of variation of Interest Coverage that can explain the historical movement of Receivables Turnover in the same time period over historical financial statements of ESCO Technologies, assuming nothing else is changed. The correlation between historical values of ESCO Technologies' Interest Coverage 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 Interest Coverage of ESCO Technologies 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 Interest Coverage i.e., ESCO Technologies' Interest Coverage and Receivables Turnover go up and down completely randomly.

Correlation Coefficient

0.45
Relationship DirectionPositive 
Relationship StrengthWeak

Interest Coverage

Receivables Turnover

Most indicators from ESCO Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ESCO Technologies 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ESCO Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
For information on how to trade ESCO Stock refer to our How to Trade ESCO Stock guide.The current year's Enterprise Value Multiple is expected to grow to 14.80, whereas Selling General Administrative is forecasted to decline to about 138.9 M.
 2021 2022 2023 2024 (projected)
Gross Profit332.0M375.7M432.0M453.6M
Total Revenue857.5M956.0M1.1B599.8M

ESCO Technologies fundamental ratios Correlations

0.420.460.970.970.950.310.670.50.99-0.180.50.920.620.430.92-0.15-0.530.890.850.96-0.030.940.960.490.5
0.420.570.310.190.320.970.390.440.460.060.440.270.220.980.15-0.33-0.430.760.320.280.120.50.30.430.43
0.460.570.480.350.350.520.560.40.470.40.40.250.40.630.27-0.14-0.410.570.350.390.310.370.40.50.49
0.970.310.480.960.910.190.650.480.95-0.030.480.890.610.320.9-0.07-0.460.840.80.970.10.870.930.430.45
0.970.190.350.960.960.090.650.410.95-0.250.410.940.580.210.96-0.05-0.440.750.860.96-0.120.910.960.40.42
0.950.320.350.910.960.230.70.410.93-0.340.410.960.420.320.950.05-0.330.780.910.94-0.290.970.90.290.3
0.310.970.520.190.090.230.340.210.350.090.210.20.140.930.09-0.26-0.30.660.230.190.130.420.170.310.31
0.670.390.560.650.650.70.340.310.62-0.30.310.760.280.420.70.18-0.170.580.560.71-0.210.690.590.220.22
0.50.440.40.480.410.410.210.310.53-0.091.00.30.330.530.24-0.34-0.610.570.40.390.010.450.540.580.58
0.990.460.470.950.950.930.350.620.53-0.190.530.880.650.490.87-0.25-0.610.910.860.910.00.940.970.570.58
-0.180.060.4-0.03-0.25-0.340.09-0.3-0.09-0.19-0.09-0.360.050.03-0.32-0.020.07-0.01-0.3-0.120.67-0.39-0.24-0.02-0.02
0.50.440.40.480.410.410.210.311.00.53-0.090.30.330.530.24-0.34-0.610.570.40.390.010.450.540.580.58
0.920.270.250.890.940.960.20.760.30.88-0.360.30.430.250.970.08-0.260.740.790.96-0.250.920.860.220.24
0.620.220.40.610.580.420.140.280.330.650.050.330.430.310.47-0.62-0.780.580.330.50.430.440.710.830.84
0.430.980.630.320.210.320.930.420.530.490.030.530.250.310.15-0.42-0.550.760.320.270.150.490.350.560.56
0.920.150.270.90.960.950.090.70.240.87-0.320.240.970.470.150.1-0.260.690.80.95-0.230.890.870.230.24
-0.15-0.33-0.14-0.07-0.050.05-0.260.18-0.34-0.25-0.02-0.340.08-0.62-0.420.10.89-0.310.10.06-0.38-0.06-0.32-0.85-0.85
-0.53-0.43-0.41-0.46-0.44-0.33-0.3-0.17-0.61-0.610.07-0.61-0.26-0.78-0.55-0.260.89-0.6-0.29-0.31-0.31-0.41-0.67-0.98-0.98
0.890.760.570.840.750.780.660.580.570.91-0.010.570.740.580.760.69-0.31-0.60.70.80.140.860.820.570.58
0.850.320.350.80.860.910.230.560.40.86-0.30.40.790.330.320.80.1-0.290.70.79-0.280.890.80.270.27
0.960.280.390.970.960.940.190.710.390.91-0.120.390.960.50.270.950.06-0.310.80.79-0.080.880.890.280.29
-0.030.120.310.1-0.12-0.290.13-0.210.010.00.670.01-0.250.430.15-0.23-0.38-0.310.14-0.28-0.08-0.24-0.010.360.36
0.940.50.370.870.910.970.420.690.450.94-0.390.450.920.440.490.89-0.06-0.410.860.890.88-0.240.880.370.38
0.960.30.40.930.960.90.170.590.540.97-0.240.540.860.710.350.87-0.32-0.670.820.80.89-0.010.880.630.65
0.490.430.50.430.40.290.310.220.580.57-0.020.580.220.830.560.23-0.85-0.980.570.270.280.360.370.631.0
0.50.430.490.450.420.30.310.220.580.58-0.020.580.240.840.560.24-0.85-0.980.580.270.290.360.380.651.0
Click cells to compare fundamentals

ESCO Technologies Account Relationship Matchups

ESCO Technologies fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.4B1.6B1.7B1.7B1.9B2.0B
Short Long Term Debt Total79.2M182.0M177.9M138.6M159.3M102.8M
Other Current Liab82.6M92.3M94.4M95.4M109.7M60.7M
Total Current Liabilities256.0M277.8M318.1M314.7M361.8M379.9M
Total Stockholder Equity961.6M1.0B1.0B1.1B1.3B1.4B
Property Plant And Equipment Net161.3M186.1M185.1M195.3M224.6M235.9M
Net Debt26.6M125.8M80.1M96.7M111.2M57.5M
Accounts Payable50.5M56.7M78.7M87.0M100.0M51.4M
Cash52.6M56.2M97.7M41.9M48.1M39.2M
Non Current Assets Total926.9M1.1B1.1B1.1B1.3B1.3B
Non Currrent Assets Other10.9M11.0M9.5M11.5M10.3M9.8M
Cash And Short Term Investments52.6M56.2M97.7M41.9M48.1M39.2M
Net Receivables240.8M240.1M289.8M337.2M387.8M407.2M
Common Stock Shares Outstanding26.1M26.2M26.1M25.9M29.7M27.9M
Liabilities And Stockholders Equity1.4B1.6B1.7B1.7B1.9B2.0B
Non Current Liabilities Total155.9M279.9M288.2M237.4M273.0M152.4M
Inventory136.2M147.1M162.4M184.1M211.7M222.3M
Other Current Assets17.1M22.7M22.7M18.0M20.7M18.1M
Other Stockholder Equity186.5M190.6M174.6M165.5M148.9M189.0M
Total Liab411.9M557.6M606.3M552.1M634.9M666.6M
Property Plant And Equipment Gross161.3M301.8M185.1M195.3M224.6M235.9M
Total Current Assets446.6M466.2M572.6M581.1M668.3M701.7M
Accumulated Other Comprehensive Income(3.7M)(2.2M)(31.8M)(24.0M)(27.6M)(28.9M)
Intangible Assets346.6M409.3M394.5M392.1M450.9M473.5M
Retained Earnings778.4M831.0M905.0M989.3M1.1B1.2B
Other Liab70.8M117.9M130.3M100.5M115.5M66.7M
Other Assets10.9M11.0M9.5M11.5M10.3M13.3M
Long Term Debt40M134M133M82M94.3M102.0M
Good Will408.1M504.9M492.7M503.2M578.7M311.3M
Treasury Stock(107.4M)(107.3M)(107.1M)(107.1M)(96.4M)(101.2M)
Property Plant Equipment139.9M186.1M185.1M195.3M224.6M114.0M
Current Deferred Revenue100.6M108.8M125.0M112.3M129.1M135.6M
Net Tangible Assets206.9M105.6M161.0M235.8M271.2M284.8M
Long Term Debt Total293.4M40M134M133M153.0M132.1M
Capital Surpluse292.4M293.7M297.6M301.6M346.8M316.4M

ESCO Technologies Investors Sentiment

The influence of ESCO Technologies' 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 ESCO. 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 ESCO Technologies' public news can be used to forecast risks associated with an investment in ESCO. The trend in average sentiment can be used to explain how an investor holding ESCO can time the market purely based on public headlines and social activities around ESCO Technologies. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
ESCO Technologies' 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 ESCO Technologies' 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 ESCO Technologies' news discussions. The higher the estimated score, the more favorable is the investor's outlook on ESCO Technologies.
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 ESCO Technologies 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, ESCO Technologies' short interest history, or implied volatility extrapolated from ESCO Technologies options trading.

Pair Trading with ESCO Technologies

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 ESCO Technologies 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 ESCO Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving together with ESCO Stock

  0.63ST Sensata Technologies Financial Report 23rd of April 2024 PairCorr

Moving against ESCO Stock

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  0.49VNT Vontier Corp Financial Report 2nd of May 2024 PairCorr
The ability to find closely correlated positions to ESCO Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ESCO Technologies 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 ESCO Technologies - 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 ESCO Technologies to buy it.
The correlation of ESCO Technologies 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 ESCO Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ESCO Technologies 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 ESCO Technologies 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 CorrelationCorrelation Matching
When determining whether ESCO Technologies is a strong investment it is important to analyze ESCO Technologies' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ESCO Technologies' future performance. For an informed investment choice regarding ESCO Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ESCO Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
For information on how to trade ESCO Stock refer to our How to Trade ESCO Stock guide.
You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.

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Is ESCO Technologies' 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 ESCO Technologies. If investors know ESCO 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 ESCO Technologies 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
(0.10)
Dividend Share
0.32
Earnings Share
3.6
Revenue Per Share
37.573
Quarterly Revenue Growth
0.088
The market value of ESCO Technologies is measured differently than its book value, which is the value of ESCO that is recorded on the company's balance sheet. Investors also form their own opinion of ESCO Technologies' value that differs from its market value or its book value, called intrinsic value, which is ESCO Technologies' 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 ESCO Technologies' market value can be influenced by many factors that don't directly affect ESCO Technologies' 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 ESCO Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if ESCO Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESCO Technologies' 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.