Northrop Net Income vs Receivables Turnover Analysis

NOC Stock  USD 477.36  7.45  1.59%   
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 Net Income and its Receivables Turnover 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.

Net Income vs Receivables Turnover

Net Income vs Receivables Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northrop Grumman Net Income account and Receivables Turnover. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Northrop Grumman's Net Income and Receivables Turnover is -0.66. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Receivables Turnover 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 Net Income 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 Net Income of Northrop Grumman 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 Net Income i.e., Northrop Grumman's Net Income and Receivables Turnover go up and down completely randomly.

Correlation Coefficient

-0.66
Relationship DirectionNegative 
Relationship StrengthWeak

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Northrop Grumman financial statement analysis. It represents the amount of money remaining after all of Northrop Grumman operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Receivables Turnover

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

    
  50.42  
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.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

Complementary Tools for Northrop Stock analysis

When running Northrop Grumman's price analysis, check to measure Northrop Grumman'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 Northrop Grumman is operating at the current time. Most of Northrop Grumman's value examination focuses on studying past and present price action to predict the probability of Northrop Grumman's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northrop Grumman's price. Additionally, you may evaluate how the addition of Northrop Grumman to your portfolios can decrease your overall portfolio volatility.
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
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
13.53
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.