Northrop Operating Income vs Inventory 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 Operating Income and its Inventory 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.
Operating Income vs Inventory Turnover
Operating Income vs Inventory Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northrop Grumman Operating Income account and Inventory Turnover. At this time, the significance of the direction appears to have strong relationship.
The correlation between Northrop Grumman's Operating Income and Inventory Turnover is 0.62. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Inventory 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 Operating Income and Inventory 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 Operating Income of Northrop Grumman are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Operating Income i.e., Northrop Grumman's Operating Income and Inventory Turnover go up and down completely randomly.
Correlation Coefficient | 0.62 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Operating Income
Operating Income is the amount of profit realized from Northrop Grumman operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Northrop Grumman is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.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 Profit | 7.3B | 7.5B | 39.3B | 41.3B | Total Revenue | 35.7B | 36.6B | 39.3B | 21.7B |
Northrop Grumman fundamental ratios Correlations
Click cells to compare fundamentals
Northrop Grumman Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Northrop Grumman fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 41.1B | 44.5B | 42.6B | 43.8B | 46.5B | 24.1B | |
Short Long Term Debt Total | 14.1B | 16.3B | 14.4B | 14.7B | 15.7B | 16.5B | |
Other Current Liab | 3.1B | 4.5B | 4.3B | 4.3B | 3.4B | 2.7B | |
Total Current Liabilities | 9.4B | 9.6B | 9.5B | 11.6B | 11.9B | 12.5B | |
Total Stockholder Equity | 8.8B | 10.6B | 12.9B | 15.3B | 14.8B | 8.4B | |
Property Plant And Equipment Net | 8.4B | 8.6B | 9.5B | 10.6B | 11.5B | 12.0B | |
Net Debt | 11.8B | 11.4B | 10.8B | 12.1B | 12.6B | 13.2B | |
Retained Earnings | 8.7B | 10.5B | 12.9B | 15.3B | 14.8B | 15.5B | |
Cash | 2.2B | 4.9B | 3.5B | 2.6B | 3.1B | 1.9B | |
Non Current Assets Total | 30.4B | 29.1B | 30.2B | 31.3B | 32.8B | 16.9B | |
Non Currrent Assets Other | 1.4B | 1.5B | 1.9B | 2.3B | 2.2B | 1.6B | |
Cash And Short Term Investments | 2.2B | 4.9B | 3.5B | 2.6B | 3.1B | 1.9B | |
Net Receivables | 6.7B | 6.6B | 7.0B | 7.5B | 7.1B | 7.5B | |
Common Stock Shares Outstanding | 170M | 167.6M | 160.9M | 155.6M | 152M | 210.0M | |
Liabilities And Stockholders Equity | 41.1B | 44.5B | 42.6B | 43.8B | 46.5B | 24.1B | |
Non Current Liabilities Total | 22.8B | 24.3B | 20.1B | 16.9B | 19.8B | 20.8B | |
Inventory | 783M | 759M | 811M | 978M | 1.1B | 969.9M | |
Other Current Assets | 997M | 3.0B | 1.1B | 1.4B | 2.3B | 2.5B | |
Other Stockholder Equity | (97M) | 58M | (143M) | (153M) | (137.7M) | (130.8M) | |
Total Liab | 32.3B | 33.9B | 29.7B | 28.4B | 31.7B | 33.3B | |
Total Current Assets | 10.7B | 15.3B | 12.4B | 12.5B | 13.7B | 7.2B | |
Short Term Debt | 1.9B | 742M | 6M | 1.1B | 2.3B | 2.4B | |
Accounts Payable | 2.2B | 1.8B | 2.2B | 2.6B | 2.1B | 1.4B | |
Intangible Assets | 1.0B | 783M | 578M | 384M | 305M | 289.8M | |
Accumulated Other Comprehensive Income | (52M) | (97M) | (128M) | (143M) | (153M) | (134.4M) | |
Common Stock | 168M | 167M | 156M | 153M | 150M | 142.5M | |
Other Liab | 8.8B | 8.7B | 5.8B | 3.2B | 3.7B | 6.2B | |
Other Assets | 1.9B | 1.8B | 2.5B | 2.4B | 2.2B | 2.0B | |
Long Term Debt | 12.8B | 14.3B | 12.8B | 11.8B | 13.8B | 8.2B | |
Good Will | 18.7B | 17.5B | 17.5B | 17.5B | 17.5B | 15.0B | |
Property Plant Equipment | 6.9B | 7.1B | 7.9B | 8.8B | 10.1B | 10.6B | |
Current Deferred Revenue | 2.2B | 2.5B | 3.0B | 3.6B | 4.2B | 4.4B | |
Common Stock Total Equity | 168M | 167M | 156M | 153M | 137.7M | 130.8M | |
Property Plant And Equipment Gross | 8.4B | 8.6B | 16.4B | 17.9B | 19.4B | 20.4B | |
Net Tangible Assets | (10.9B) | (7.7B) | 12.3B | (2.6B) | (2.3B) | (2.4B) | |
Retained Earnings Total Equity | 8.7B | 10.5B | 12.9B | 15.3B | 17.6B | 10.8B | |
Long Term Debt Total | 12.8B | 14.3B | 12.8B | 11.8B | 13.6B | 9.9B | |
Deferred Long Term Liab | 317M | 319M | 490M | 132M | 151.8M | 117.6M | |
Non Current Liabilities Other | 10.1B | 10.0B | 6.9B | 4.9B | 2.8B | 2.7B |
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 ArchitectCheck 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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.
Global Correlations Find global opportunities by holding instruments from different markets | |
Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
Fundamental Analysis View fundamental data based on most recent published financial statements | |
Money Managers Screen money managers from public funds and ETFs managed around the world | |
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Bonds Directory Find actively traded corporate debentures issued by US companies |
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.