Northrop Gross Profit vs Accounts Payable Analysis

NOC Stock  USD 478.66  1.30  0.27%   
Northrop Grumman financial indicator trend analysis is infinitely more than just investigating Northrop Grumman recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northrop Grumman is a good investment. Please check the relationship between Northrop Grumman Gross Profit and its Accounts Payable accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northrop Grumman. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
For information on how to trade Northrop Stock refer to our How to Trade Northrop Stock guide.

Gross Profit vs Accounts Payable

Gross Profit vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northrop Grumman Gross Profit account and Accounts Payable. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Northrop Grumman's Gross Profit and Accounts Payable is 0.17. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Northrop Grumman, assuming nothing else is changed. The correlation between historical values of Northrop Grumman's Gross Profit and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Northrop Grumman are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Gross Profit i.e., Northrop Grumman's Gross Profit and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.17
Relationship DirectionPositive 
Relationship StrengthInsignificant

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Northrop Grumman minus its cost of goods sold. It is profit before Northrop Grumman 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.

Accounts Payable

An accounting item on the balance sheet that represents Northrop Grumman obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Northrop Grumman are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Northrop Grumman's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northrop Grumman 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northrop Grumman. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
For information on how to trade Northrop Stock refer to our How to Trade Northrop Stock guide.At present, Northrop Grumman's Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 20.73, whereas Selling General Administrative is forecasted to decline to about 3 B.
 2021 2022 2023 2024 (projected)
Gross Profit7.3B7.5B39.3B41.3B
Total Revenue35.7B36.6B39.3B21.7B

Northrop Grumman fundamental ratios Correlations

0.820.790.780.80.70.710.590.30.980.860.30.82-0.050.840.610.570.060.860.880.270.92-0.19-0.740.360.12
0.820.750.890.570.880.90.560.240.780.760.240.94-0.270.930.550.68-0.040.960.760.470.77-0.43-0.610.3-0.05
0.790.750.770.770.80.740.420.080.770.680.080.82-0.180.640.480.710.380.710.69-0.10.76-0.41-0.40.050.05
0.780.890.770.760.960.880.740.040.790.870.040.96-0.030.80.790.790.170.90.630.510.77-0.29-0.670.180.15
0.80.570.770.760.670.520.730.150.80.880.150.690.190.480.730.610.410.590.680.110.760.03-0.62-0.060.18
0.70.880.80.960.670.930.59-0.110.730.77-0.110.96-0.270.730.670.780.180.840.520.420.72-0.42-0.460.050.14
0.710.90.740.880.520.930.4-0.20.770.68-0.20.96-0.380.80.490.680.070.870.480.440.76-0.51-0.450.20.05
0.590.560.420.740.730.590.40.310.560.880.310.580.360.530.860.52-0.080.630.560.440.510.13-0.810.170.41
0.30.240.080.040.15-0.11-0.20.310.090.221.0-0.030.20.310.12-0.01-0.250.230.680.040.090.15-0.360.22-0.21
0.980.780.770.790.80.730.770.560.090.850.090.84-0.070.810.610.550.090.840.760.290.95-0.21-0.730.350.2
0.860.760.680.870.880.770.680.880.220.850.220.810.060.710.810.590.020.80.740.410.82-0.06-0.790.140.29
0.30.240.080.040.15-0.11-0.20.311.00.090.22-0.030.20.310.12-0.01-0.250.230.680.040.090.15-0.360.22-0.21
0.820.940.820.960.690.960.960.58-0.030.840.81-0.03-0.190.850.620.730.160.930.630.420.85-0.4-0.60.230.08
-0.05-0.27-0.18-0.030.19-0.27-0.380.360.2-0.070.060.2-0.19-0.10.270.010.28-0.08-0.020.0-0.120.5-0.460.310.08
0.840.930.640.80.480.730.80.530.310.810.710.310.85-0.10.50.59-0.160.980.770.50.76-0.32-0.750.610.04
0.610.550.480.790.730.670.490.860.120.610.810.120.620.270.50.550.050.620.490.450.57-0.19-0.710.10.47
0.570.680.710.790.610.780.680.52-0.010.550.59-0.010.730.010.590.550.350.680.50.320.4-0.13-0.40.14-0.01
0.06-0.040.380.170.410.180.07-0.08-0.250.090.02-0.250.160.28-0.160.050.35-0.05-0.02-0.270.10.090.15-0.32-0.32
0.860.960.710.90.590.840.870.630.230.840.80.230.93-0.080.980.620.68-0.050.760.520.8-0.32-0.760.50.08
0.880.760.690.630.680.520.480.560.680.760.740.680.63-0.020.770.490.5-0.020.760.190.71-0.12-0.650.3-0.07
0.270.47-0.10.510.110.420.440.440.040.290.410.040.420.00.50.450.32-0.270.520.190.240.06-0.450.3-0.01
0.920.770.760.770.760.720.760.510.090.950.820.090.85-0.120.760.570.40.10.80.710.24-0.31-0.660.250.15
-0.19-0.43-0.41-0.290.03-0.42-0.510.130.15-0.21-0.060.15-0.40.5-0.32-0.19-0.130.09-0.32-0.120.06-0.31-0.060.080.01
-0.74-0.61-0.4-0.67-0.62-0.46-0.45-0.81-0.36-0.73-0.79-0.36-0.6-0.46-0.75-0.71-0.40.15-0.76-0.65-0.45-0.66-0.06-0.61-0.29
0.360.30.050.18-0.060.050.20.170.220.350.140.220.230.310.610.10.14-0.320.50.30.30.250.08-0.610.2
0.12-0.050.050.150.180.140.050.41-0.210.20.29-0.210.080.080.040.47-0.01-0.320.08-0.07-0.010.150.01-0.290.2
Click cells to compare fundamentals

Northrop Grumman Account Relationship Matchups

Northrop Grumman fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets41.1B44.5B42.6B43.8B46.5B24.1B
Short Long Term Debt Total14.1B16.3B14.4B14.7B15.7B16.5B
Other Current Liab3.1B4.5B4.3B4.3B3.4B2.7B
Total Current Liabilities9.4B9.6B9.5B11.6B11.9B12.5B
Total Stockholder Equity8.8B10.6B12.9B15.3B14.8B8.4B
Property Plant And Equipment Net8.4B8.6B9.5B10.6B11.5B12.0B
Net Debt11.8B11.4B10.8B12.1B12.6B13.2B
Retained Earnings8.7B10.5B12.9B15.3B14.8B15.5B
Cash2.2B4.9B3.5B2.6B3.1B1.9B
Non Current Assets Total30.4B29.1B30.2B31.3B32.8B16.9B
Non Currrent Assets Other1.4B1.5B1.9B2.3B2.2B1.6B
Cash And Short Term Investments2.2B4.9B3.5B2.6B3.1B1.9B
Net Receivables6.7B6.6B7.0B7.5B7.1B7.5B
Common Stock Shares Outstanding170M167.6M160.9M155.6M152M210.0M
Liabilities And Stockholders Equity41.1B44.5B42.6B43.8B46.5B24.1B
Non Current Liabilities Total22.8B24.3B20.1B16.9B19.8B20.8B
Inventory783M759M811M978M1.1B969.9M
Other Current Assets997M3.0B1.1B1.4B2.3B2.5B
Other Stockholder Equity(97M)58M(143M)(153M)(137.7M)(130.8M)
Total Liab32.3B33.9B29.7B28.4B31.7B33.3B
Total Current Assets10.7B15.3B12.4B12.5B13.7B7.2B
Short Term Debt1.9B742M6M1.1B2.3B2.4B
Accounts Payable2.2B1.8B2.2B2.6B2.1B1.4B
Intangible Assets1.0B783M578M384M305M289.8M
Accumulated Other Comprehensive Income(52M)(97M)(128M)(143M)(153M)(134.4M)
Common Stock168M167M156M153M150M142.5M
Other Liab8.8B8.7B5.8B3.2B3.7B6.2B
Other Assets1.9B1.8B2.5B2.4B2.2B2.0B
Long Term Debt12.8B14.3B12.8B11.8B13.8B8.2B
Good Will18.7B17.5B17.5B17.5B17.5B15.0B
Property Plant Equipment6.9B7.1B7.9B8.8B10.1B10.6B
Current Deferred Revenue2.2B2.5B3.0B3.6B4.2B4.4B
Common Stock Total Equity168M167M156M153M137.7M130.8M
Property Plant And Equipment Gross8.4B8.6B16.4B17.9B19.4B20.4B
Net Tangible Assets(10.9B)(7.7B)12.3B(2.6B)(2.3B)(2.4B)
Retained Earnings Total Equity8.7B10.5B12.9B15.3B17.6B10.8B
Long Term Debt Total12.8B14.3B12.8B11.8B13.6B9.9B
Deferred Long Term Liab317M319M490M132M151.8M117.6M
Non Current Liabilities Other10.1B10.0B6.9B4.9B2.8B2.7B

Northrop Grumman Investors Sentiment

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

Northrop Grumman Implied Volatility

    
  15.22  
Northrop Grumman's implied volatility exposes the market's sentiment of Northrop Grumman stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Northrop Grumman's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Northrop Grumman stock will not fluctuate a lot when Northrop Grumman's options are near their expiration.
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 Northrop Grumman 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, Northrop Grumman's short interest history, or implied volatility extrapolated from Northrop Grumman options trading.

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When determining whether Northrop Grumman offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Northrop Grumman's 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 Northrop Grumman Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Northrop Grumman Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northrop Grumman. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
For information on how to trade Northrop Stock refer to our How to Trade Northrop Stock guide.
You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.

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Is Northrop Grumman'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 Northrop Grumman. If investors know Northrop 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 Northrop Grumman 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
0.049
Dividend Share
7.34
Earnings Share
13.51
Revenue Per Share
259.34
Quarterly Revenue Growth
0.06
The market value of Northrop Grumman is measured differently than its book value, which is the value of Northrop that is recorded on the company's balance sheet. Investors also form their own opinion of Northrop Grumman's value that differs from its market value or its book value, called intrinsic value, which is Northrop Grumman'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 Northrop Grumman's market value can be influenced by many factors that don't directly affect Northrop Grumman'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 Northrop Grumman's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northrop Grumman is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northrop Grumman'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.