Espey Total Stockholder Equity vs Total Assets Analysis
ESP Stock | USD 22.02 0.62 2.90% |
Espey Mfg financial indicator trend analysis is much more than just examining Espey Mfg Electronics latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Espey Mfg Electronics is a good investment. Please check the relationship between Espey Mfg Total Stockholder Equity and its Total Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Espey Mfg Electronics. 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.
Total Stockholder Equity vs Total Assets
Total Stockholder Equity vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Espey Mfg Electronics Total Stockholder Equity account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Espey Mfg's Total Stockholder Equity and Total Assets is 0.94. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Total Assets in the same time period over historical financial statements of Espey Mfg Electronics, assuming nothing else is changed. The correlation between historical values of Espey Mfg's Total Stockholder Equity and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Espey Mfg Electronics are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Stockholder Equity i.e., Espey Mfg's Total Stockholder Equity and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.94 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Total Assets
Total assets refers to the total amount of Espey Mfg assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Espey Mfg Electronics books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Espey Mfg's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Espey Mfg Electronics 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 Espey Mfg Electronics. 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. As of 05/18/2024, Selling General Administrative is likely to drop to about 3 M. In addition to that, Tax Provision is likely to drop to about 530.3 K
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 5.5M | 8.1M | 9.3M | 5.4M | Total Revenue | 32.1M | 35.6M | 40.9M | 24.3M |
Espey Mfg fundamental ratios Correlations
Click cells to compare fundamentals
Espey Mfg Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Espey Mfg fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 38.2M | 38.0M | 39.9M | 47.5M | 54.6M | 33.2M | |
Total Current Liabilities | 6.7M | 7.5M | 7.6M | 11.5M | 13.2M | 13.9M | |
Total Stockholder Equity | 31.2M | 30.3M | 32.1M | 35.9M | 41.3M | 30.3M | |
Property Plant And Equipment Net | 3.5M | 3.0M | 2.8M | 2.8M | 2.5M | 2.4M | |
Net Debt | (5.4M) | (6.8M) | (8.1M) | (2.7M) | (3.2M) | (3.3M) | |
Retained Earnings | 18.8M | 17.4M | 18.7M | 21.9M | 25.1M | 24.7M | |
Cash | 5.4M | 6.8M | 8.1M | 2.7M | 2.5M | 2.4M | |
Non Current Assets Total | 3.5M | 3.0M | 2.8M | 2.8M | 2.5M | 2.5M | |
Non Currrent Assets Other | (303.9K) | (294.4K) | (252.7K) | (334.0K) | (300.6K) | (285.6K) | |
Cash And Short Term Investments | 10.5M | 9.9M | 11.8M | 14.7M | 16.9M | 11.9M | |
Net Receivables | 9.0M | 5.6M | 5.7M | 5.8M | 6.7M | 4.3M | |
Common Stock Shares Outstanding | 2.4M | 2.4M | 2.4M | 2.5M | 2.2M | 1.8M | |
Liabilities And Stockholders Equity | 38.2M | 38.0M | 39.9M | 47.5M | 54.6M | 33.2M | |
Non Current Liabilities Total | 233.0K | 168.6K | 177.8K | 137.8K | 124.0K | 233.8K | |
Inventory | 14.8M | 18.8M | 18.6M | 19.9M | 22.9M | 12.3M | |
Other Current Assets | 396.9K | 700.3K | 992.8K | 4.3M | 3.9M | 4.0M | |
Other Stockholder Equity | 11.4M | 11.9M | 12.4M | 13.0M | 14.9M | 7.6M | |
Total Liab | 7.0M | 7.6M | 7.8M | 11.6M | 13.4M | 14.0M | |
Total Current Assets | 34.7M | 35.0M | 37.1M | 44.7M | 51.4M | 29.8M | |
Other Current Liab | 318.3K | 126.0K | 2.2M | 10.3M | 11.8M | 12.4M | |
Accounts Payable | 2.9M | 2.7M | 2.1M | 1.2M | 1.4M | 1.1M | |
Property Plant And Equipment Gross | 3.5M | 3.0M | 15.9M | 16.4M | 18.9M | 19.8M | |
Accumulated Other Comprehensive Income | (3.1K) | (2.4K) | (1.9K) | (2.4K) | (2.8K) | (2.9K) | |
Short Term Investments | 5.1M | 3.1M | 3.7M | 12.0M | 13.8M | 14.4M | |
Treasury Stock | (7.7M) | (7.6M) | (7.7M) | (6.0M) | (6.9M) | (7.3M) | |
Property Plant Equipment | 3.5M | 3.0M | 2.8M | 2.8M | 2.5M | 2.4M | |
Net Tangible Assets | 31.2M | 30.3M | 32.1M | 35.9M | 41.3M | 32.7M | |
Capital Surpluse | 19.1M | 23.0M | 23.1M | 23.3M | 26.8M | 20.6M | |
Other Liab | 233.0K | 168.6K | 177.8K | 137.8K | 124.0K | 155.5K | |
Cash And Equivalents | 5.4M | 6.8M | 8.1M | 2.7M | 2.5M | 4.9M | |
Short Term Debt | 1.2M | 1.4M | 1.6M | 8.1M | 9.3M | 9.8M | |
Net Invested Capital | 31.2M | 30.3M | 32.1M | 35.9M | 41.3M | 35.6M | |
Net Working Capital | 28.0M | 27.5M | 29.5M | 33.2M | 38.2M | 32.4M | |
Current Deferred Revenue | 2.2M | 3.1M | 3.4M | 8.1M | 9.3M | 9.8M |
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Is Espey Mfg'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 Espey Mfg. If investors know Espey 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 Espey Mfg 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 0.143 | Dividend Share 0.575 | Earnings Share 1.92 | Revenue Per Share 14.325 | Quarterly Revenue Growth (0.16) |
The market value of Espey Mfg Electronics is measured differently than its book value, which is the value of Espey that is recorded on the company's balance sheet. Investors also form their own opinion of Espey Mfg's value that differs from its market value or its book value, called intrinsic value, which is Espey Mfg'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 Espey Mfg's market value can be influenced by many factors that don't directly affect Espey Mfg'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 Espey Mfg's value and its price as these two are different measures arrived at by different means. Investors typically determine if Espey Mfg is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Espey Mfg'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.