Quanex Inventory vs Good Will Analysis
NX Stock | USD 32.50 0.20 0.62% |
Quanex Building financial indicator trend analysis is much more than just breaking down Quanex Building Products prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quanex Building Products is a good investment. Please check the relationship between Quanex Building Inventory and its Good Will accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Quanex Building Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
Inventory vs Good Will
Inventory vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Quanex Building Products Inventory account and Good Will. At this time, the significance of the direction appears to have weak relationship.
The correlation between Quanex Building's Inventory and Good Will is 0.37. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Good Will in the same time period over historical financial statements of Quanex Building Products, assuming nothing else is changed. The correlation between historical values of Quanex Building's Inventory 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 Inventory of Quanex Building Products 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 Inventory i.e., Quanex Building's Inventory and Good Will go up and down completely randomly.
Correlation Coefficient | 0.37 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Inventory
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 Quanex Building's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quanex Building Products 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 Quanex Building Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. Enterprise Value is likely to rise to about 737.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 103.3 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.6M | 8.1M | 7.3M | 7.0M | Depreciation And Amortization | 41.2M | 42.9M | 49.3M | 56.6M |
Quanex Building fundamental ratios Correlations
Click cells to compare fundamentals
Quanex Building Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Quanex Building fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 691.6M | 717.3M | 724.6M | 831.1M | 955.8M | 795.7M | |
Short Long Term Debt Total | 169.8M | 106.5M | 87.7M | 116.4M | 104.7M | 95.9M | |
Other Current Liab | 44.0M | 61.6M | 52.4M | 50.3M | 57.9M | 40.8M | |
Total Current Liabilities | 130.2M | 158.0M | 139.8M | 134.7M | 121.2M | 113.4M | |
Total Stockholder Equity | 355.8M | 419.8M | 464.8M | 545.6M | 627.4M | 456.1M | |
Property Plant And Equipment Net | 235.9M | 231.3M | 236.4M | 297.3M | 267.6M | 214.6M | |
Net Debt | 118.1M | 66.4M | 32.6M | 57.9M | 52.1M | 50.6M | |
Retained Earnings | 213.5M | 259.7M | 337.5M | 409.3M | 470.7M | 271.9M | |
Accounts Payable | 77.3M | 86.8M | 77.9M | 74.4M | 66.9M | 64.8M | |
Cash | 51.6M | 40.1M | 55.1M | 58.5M | 67.2M | 62.2M | |
Non Current Assets Total | 484.3M | 468.3M | 444.0M | 557.5M | 641.2M | 507.1M | |
Non Currrent Assets Other | 9.1M | 5.3M | (17.6M) | 3.2M | 2.9M | 2.7M | |
Cash And Short Term Investments | 51.6M | 40.1M | 55.1M | 58.5M | 67.2M | 65.8M | |
Net Receivables | 88.3M | 108.3M | 96.0M | 105.6M | 95.0M | 82.0M | |
Good Will | 146.2M | 149.2M | 137.9M | 183.0M | 210.4M | 124.3M | |
Common Stock Shares Outstanding | 32.8M | 33.5M | 33.2M | 33.0M | 38.0M | 38.9M | |
Liabilities And Stockholders Equity | 691.6M | 717.3M | 724.6M | 831.1M | 955.8M | 795.7M | |
Non Current Liabilities Total | 205.6M | 139.5M | 119.9M | 150.9M | 135.8M | 133.6M | |
Inventory | 61.2M | 92.5M | 120.9M | 98.0M | 88.2M | 68.0M | |
Other Current Assets | 6.2M | 8.1M | 8.7M | 11.6M | 13.3M | 13.5M | |
Other Stockholder Equity | 174.9M | 181.5M | 176.4M | 174.0M | 200.1M | 188.7M | |
Total Liab | 335.8M | 297.5M | 259.8M | 285.6M | 257.0M | 247.0M | |
Property Plant And Equipment Gross | 235.9M | 231.3M | 236.4M | 297.3M | 267.6M | 214.6M | |
Total Current Assets | 207.3M | 249.0M | 280.7M | 273.6M | 246.2M | 209.9M | |
Accumulated Other Comprehensive Income | (33.0M) | (21.8M) | (49.4M) | (38.1M) | (34.3M) | (32.6M) | |
Short Term Debt | 8.2M | 9.0M | 8.8M | 9.6M | 8.6M | 8.1M | |
Current Deferred Revenue | 763K | 627K | 792K | 384K | 345.6K | 328.3K | |
Intangible Assets | 93.1M | 82.4M | 65.0M | 74.1M | 85.2M | 85.2M | |
Other Liab | 44.0M | 42.1M | 41.0M | 44.1M | 50.7M | 41.0M | |
Other Assets | 9.1M | 5.3M | 4.7M | 3.2M | 2.9M | 2.7M | |
Long Term Debt | 116.7M | 52.1M | 29.6M | 66.4M | 76.4M | 75.5M | |
Treasury Stock | (76.7M) | (78.6M) | (72.7M) | (75.5M) | (68.0M) | (64.6M) | |
Property Plant Equipment | 184.1M | 178.6M | 180.4M | 297.3M | 341.9M | 193.4M | |
Net Tangible Assets | 116.5M | 188.2M | 261.9M | 288.5M | 259.6M | 139.8M | |
Retained Earnings Total Equity | 185.7M | 213.5M | 259.7M | 337.5M | 388.1M | 246.3M | |
Long Term Debt Total | 156.4M | 116.7M | 52.1M | 29.6M | 34.1M | 32.4M | |
Capital Surpluse | 254.7M | 253.5M | 254.2M | 251.9M | 289.7M | 276.3M | |
Deferred Long Term Liab | 19.4M | 19.1M | 22.0M | 22.3M | 25.6M | 13.3M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Quanex Building Products offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Quanex Building'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 Quanex Building Products Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Quanex Building Products Stock:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Quanex Building Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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Is Quanex Building'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 Quanex Building. If investors know Quanex 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 Quanex Building 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 2.28 | Dividend Share 0.32 | Earnings Share 2.63 | Revenue Per Share 33.788 | Quarterly Revenue Growth (0.09) |
The market value of Quanex Building Products is measured differently than its book value, which is the value of Quanex that is recorded on the company's balance sheet. Investors also form their own opinion of Quanex Building's value that differs from its market value or its book value, called intrinsic value, which is Quanex Building'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 Quanex Building's market value can be influenced by many factors that don't directly affect Quanex Building'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 Quanex Building's value and its price as these two are different measures arrived at by different means. Investors typically determine if Quanex Building is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Quanex Building'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.