Ethan Current Deferred Revenue vs Good Will Analysis
ETD Stock | USD 29.06 0.28 0.97% |
Ethan Allen financial indicator trend analysis is much more than just examining Ethan Allen Interiors latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ethan Allen Interiors is a good investment. Please check the relationship between Ethan Allen Current Deferred Revenue and its Good Will accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ethan Allen Interiors. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Current Deferred Revenue vs Good Will
Current Deferred Revenue vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ethan Allen Interiors Current Deferred Revenue account and Good Will. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Ethan Allen's Current Deferred Revenue and Good Will is -0.55. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Good Will in the same time period over historical financial statements of Ethan Allen Interiors, assuming nothing else is changed. The correlation between historical values of Ethan Allen's Current Deferred Revenue and Good Will 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 Deferred Revenue of Ethan Allen Interiors are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Current Deferred Revenue i.e., Ethan Allen's Current Deferred Revenue and Good Will go up and down completely randomly.
Correlation Coefficient | -0.55 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Most indicators from Ethan Allen's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ethan Allen Interiors 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 Ethan Allen Interiors. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At present, Ethan Allen's Enterprise Value Multiple is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 1.3 B, whereas Tax Provision is forecasted to decline to about 22.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 393.1M | 484.7M | 480.4M | 417.5M | Total Revenue | 685.2M | 817.8M | 791.4M | 814.8M |
Ethan Allen fundamental ratios Correlations
Click cells to compare fundamentals
Ethan Allen Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ethan Allen fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 510.4M | 622.8M | 683.2M | 719.9M | 745.5M | 652.3M | |
Short Long Term Debt Total | 1.1M | 179.5M | 125.3M | 115.2M | 130.3M | 105.2M | |
Other Current Liab | 8.8M | 3.7M | 4.2M | 31.5M | 7.2M | 6.8M | |
Total Current Liabilities | 122.8M | 139.0M | 223.9M | 215.6M | 163.1M | 133.9M | |
Total Stockholder Equity | 363.9M | 328.1M | 351.4M | 407.3M | 471.0M | 385.7M | |
Property Plant And Equipment Net | 245.2M | 346.0M | 340.2M | 324.3M | 338.0M | 292.7M | |
Net Debt | (19.8M) | 107.2M | 20.7M | 5.3M | 68.2M | 71.6M | |
Retained Earnings | 647.7M | 638.6M | 655.3M | 710.4M | 769.8M | 453.0M | |
Accounts Payable | 56.8M | 43.9M | 61.7M | 37.4M | 52.1M | 27.5M | |
Cash | 20.8M | 72.3M | 104.6M | 109.9M | 62.1M | 61.2M | |
Non Current Assets Total | 294.1M | 392.8M | 388.0M | 373.1M | 386M | 365.2M | |
Non Currrent Assets Other | 1.6M | 1.6M | 1.6M | 2.9M | 1.7M | 1.6M | |
Cash And Short Term Investments | 20.8M | 72.3M | 104.6M | 121.1M | 172.7M | 181.3M | |
Net Receivables | 14.2M | 8.1M | 9.0M | 17.0M | 11.6M | 17.8M | |
Common Stock Shares Outstanding | 26.8M | 26.1M | 25.4M | 25.5M | 25.6M | 27.2M | |
Liabilities And Stockholders Equity | 510.4M | 622.8M | 683.2M | 719.9M | 745.5M | 652.3M | |
Non Current Liabilities Total | 23.6M | 155.7M | 107.9M | 96.9M | 111.4M | 96.5M | |
Inventory | 162.4M | 126.1M | 144.0M | 176.5M | 149.2M | 164.1M | |
Other Current Assets | 18.8M | 23.5M | 37.7M | 32.1M | 26.0M | 30.4M | |
Other Stockholder Equity | (278.7M) | (302.6M) | (298.5M) | (297.1M) | (296.5M) | (281.7M) | |
Total Liab | 146.4M | 294.7M | 331.8M | 312.6M | 274.4M | 266.6M | |
Total Current Assets | 216.3M | 230.0M | 295.3M | 346.7M | 359.5M | 287.1M | |
Short Term Debt | 550K | 27.4M | 27.4M | 25.7M | 26.0M | 27.3M | |
Accumulated Other Comprehensive Income | (5.7M) | (8.4M) | (5.9M) | (6.5M) | (2.8M) | (2.9M) | |
Current Deferred Revenue | 56.7M | 64.0M | 130.6M | 121.1M | 77.8M | 67.6M | |
Other Assets | 1.7M | 2.7M | 3.7M | 2.8M | 2.6M | 3.1M | |
Long Term Debt Total | 50.1M | 788K | 579K | 204K | 183.6K | 174.4K | |
Capital Surpluse | 378.3M | 382.5M | 384.8M | 386.1M | 444.1M | 418.7M | |
Treasury Stock | (656.6M) | (656.6M) | (680.9M) | (681.0M) | (612.9M) | (643.5M) | |
Cash And Equivalents | 72.3M | 104.6M | 109.9M | 62.1M | 71.4M | 70.7M | |
Property Plant Equipment | 346.0M | 340.2M | 324.3M | 338.0M | 388.7M | 335.0M | |
Other Liab | 3.5M | 10.0M | 7.4M | 6.8M | 6.2M | 10.0M | |
Net Tangible Assets | 282.9M | 306.3M | 362.2M | 425.9M | 489.8M | 373.0M | |
Net Invested Capital | 378.1M | 351.4M | 407.3M | 471.0M | 541.7M | 432.1M | |
Property Plant And Equipment Gross | 245.2M | 346.0M | 324.3M | 338.0M | 388.7M | 328.5M |
Pair Trading with Ethan Allen
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 Ethan Allen 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 Ethan Allen will appreciate offsetting losses from the drop in the long position's value.Moving against Ethan Stock
0.51 | IH | IhumanInc | PairCorr |
The ability to find closely correlated positions to Ethan Allen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ethan Allen 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 Ethan Allen - 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 Ethan Allen Interiors to buy it.
The correlation of Ethan Allen 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 Ethan Allen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ethan Allen Interiors 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 Ethan Allen 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ethan Allen Interiors. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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Is Ethan Allen'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 Ethan Allen. If investors know Ethan 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 Ethan Allen 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 (0.42) | Dividend Share 1.44 | Earnings Share 2.76 | Revenue Per Share 26.066 | Quarterly Revenue Growth (0.21) |
The market value of Ethan Allen Interiors is measured differently than its book value, which is the value of Ethan that is recorded on the company's balance sheet. Investors also form their own opinion of Ethan Allen's value that differs from its market value or its book value, called intrinsic value, which is Ethan Allen'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 Ethan Allen's market value can be influenced by many factors that don't directly affect Ethan Allen'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 Ethan Allen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ethan Allen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ethan Allen'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.