Ultra Minority Interest vs Gross Profit Analysis

UCTT Stock

USD 46.24 0.07 0.15%

Ultra Clean financial indicator trend analysis is much more than just breaking down Ultra Clean Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ultra Clean Holdings is a good investment. Please check the relationship between Ultra Clean Minority Interest and its Gross Profit accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Ultra Clean Holdings. 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.

Minority Interest vs Gross Profit

Minority Interest vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ultra Clean Holdings Minority Interest account and Gross Profit. At this time, the significance of the direction appears to have pay attention.

The correlation between Ultra Clean's Minority Interest and Gross Profit is -0.9. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Ultra Clean Holdings, assuming nothing else is changed. The correlation between historical values of Ultra Clean's Minority Interest and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Minority Interest of Ultra Clean Holdings are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Minority Interest i.e., Ultra Clean's Minority Interest and Gross Profit go up and down completely randomly.

Correlation Coefficient

-0.9

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Ultra Clean Holdings whose combined shares represent less than 50% of the total outstanding shares issued by Ultra Clean have a minority interest in Ultra Clean.

Gross Profit

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

Most indicators from Ultra Clean's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ultra Clean Holdings 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Ultra Clean Holdings. 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 this time, Ultra Clean's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 11.22 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.06 in 2024.

	2021	2022	2023	2024 (projected)
Operating Income	185.7M	199.6M	39.9M	38.8M
Other Operating Expenses	1.9B	2.2B	1.7B	1.8B

Operating Income Other Operating Expenses

Ultra Clean fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Cash	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Other Liab	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets
Total Assets		1.0	0.91	0.97	0.86	0.97	0.7	0.97	1.0	0.99	0.99	0.93	0.95	0.97	0.96	0.99	0.92	0.99	-0.54	0.98	0.97	0.98	-0.38	0.99	0.97	0.97
Total Stockholder Equity	1.0		0.91	0.96	0.84	0.96	0.72	0.97	0.99	0.99	0.98	0.93	0.95	0.96	0.96	0.99	0.91	0.98	-0.56	0.97	0.97	0.98	-0.38	0.98	0.97	0.96
Net Debt	0.91	0.91		0.81	0.84	0.81	0.56	0.91	0.91	0.84	0.95	0.93	0.76	0.93	0.96	0.9	0.7	0.96	-0.7	0.93	0.8	0.92	-0.35	0.95	0.86	0.83
Cash	0.97	0.96	0.81		0.83	1.0	0.68	0.92	0.98	0.98	0.95	0.84	0.97	0.92	0.9	0.95	0.94	0.94	-0.42	0.95	0.97	0.94	-0.32	0.95	0.92	0.97
Other Assets	0.86	0.84	0.84	0.83		0.83	0.28	0.81	0.86	0.82	0.88	0.82	0.77	0.84	0.91	0.87	0.72	0.87	-0.63	0.86	0.77	0.81	-0.31	0.89	0.8	0.79
Cash And Short Term Investments	0.97	0.96	0.81	1.0	0.83		0.68	0.92	0.98	0.98	0.95	0.84	0.97	0.92	0.9	0.95	0.94	0.94	-0.42	0.95	0.97	0.94	-0.32	0.95	0.92	0.97
Common Stock Shares Outstanding	0.7	0.72	0.56	0.68	0.28	0.68		0.72	0.68	0.72	0.65	0.61	0.72	0.69	0.56	0.67	0.71	0.66	-0.13	0.66	0.76	0.73	-0.35	0.64	0.69	0.71
Other Stockholder Equity	0.97	0.97	0.91	0.92	0.81	0.92	0.72		0.97	0.95	0.96	0.91	0.92	0.97	0.93	0.96	0.9	0.97	-0.53	0.96	0.94	0.98	-0.48	0.97	0.95	0.92
Total Liab	1.0	0.99	0.91	0.98	0.86	0.98	0.68	0.97		0.98	0.99	0.92	0.96	0.97	0.95	0.98	0.92	0.99	-0.52	0.99	0.97	0.98	-0.37	0.99	0.96	0.97
Total Current Assets	0.99	0.99	0.84	0.98	0.82	0.98	0.72	0.95	0.98		0.96	0.9	0.98	0.93	0.92	0.98	0.96	0.95	-0.46	0.95	0.99	0.96	-0.36	0.95	0.98	0.98
Short Long Term Debt Total	0.99	0.98	0.95	0.95	0.88	0.95	0.65	0.96	0.99	0.96		0.93	0.91	0.97	0.97	0.97	0.86	1.0	-0.58	0.99	0.93	0.98	-0.35	1.0	0.93	0.95
Other Current Liab	0.93	0.93	0.93	0.84	0.82	0.84	0.61	0.91	0.92	0.9	0.93		0.84	0.89	0.94	0.93	0.79	0.93	-0.6	0.91	0.87	0.91	-0.34	0.93	0.93	0.89
Total Current Liabilities	0.95	0.95	0.76	0.97	0.77	0.97	0.72	0.92	0.96	0.98	0.91	0.84		0.88	0.86	0.94	0.99	0.9	-0.38	0.91	0.98	0.93	-0.37	0.9	0.95	0.95
Other Liab	0.97	0.96	0.93	0.92	0.84	0.92	0.69	0.97	0.97	0.93	0.97	0.89	0.88		0.95	0.96	0.85	0.98	-0.55	0.97	0.91	0.97	-0.41	0.98	0.91	0.9
Property Plant And Equipment Net	0.96	0.96	0.96	0.9	0.91	0.9	0.56	0.93	0.95	0.92	0.97	0.94	0.86	0.95		0.96	0.8	0.98	-0.73	0.94	0.88	0.95	-0.33	0.97	0.92	0.89
Retained Earnings	0.99	0.99	0.9	0.95	0.87	0.95	0.67	0.96	0.98	0.98	0.97	0.93	0.94	0.96	0.96		0.91	0.98	-0.56	0.96	0.96	0.97	-0.39	0.97	0.97	0.95
Accounts Payable	0.92	0.91	0.7	0.94	0.72	0.94	0.71	0.9	0.92	0.96	0.86	0.79	0.99	0.85	0.8	0.91		0.85	-0.31	0.87	0.95	0.88	-0.41	0.86	0.94	0.92
Non Current Assets Total	0.99	0.98	0.96	0.94	0.87	0.94	0.66	0.97	0.99	0.95	1.0	0.93	0.9	0.98	0.98	0.98	0.85		-0.61	0.98	0.92	0.99	-0.38	0.99	0.93	0.93
Non Currrent Assets Other	-0.54	-0.56	-0.7	-0.42	-0.63	-0.42	-0.13	-0.53	-0.52	-0.46	-0.58	-0.6	-0.38	-0.55	-0.73	-0.56	-0.31	-0.61		-0.5	-0.36	-0.56	0.17	-0.57	-0.53	-0.39
Long Term Debt	0.98	0.97	0.93	0.95	0.86	0.95	0.66	0.96	0.99	0.95	0.99	0.91	0.91	0.97	0.94	0.96	0.87	0.98	-0.5		0.93	0.97	-0.38	0.99	0.92	0.95
Net Receivables	0.97	0.97	0.8	0.97	0.77	0.97	0.76	0.94	0.97	0.99	0.93	0.87	0.98	0.91	0.88	0.96	0.95	0.92	-0.36	0.93		0.94	-0.38	0.93	0.95	0.97
Good Will	0.98	0.98	0.92	0.94	0.81	0.94	0.73	0.98	0.98	0.96	0.98	0.91	0.93	0.97	0.95	0.97	0.88	0.99	-0.56	0.97	0.94		-0.44	0.97	0.94	0.92
Common Stock Total Equity	-0.38	-0.38	-0.35	-0.32	-0.31	-0.32	-0.35	-0.48	-0.37	-0.36	-0.35	-0.34	-0.37	-0.41	-0.33	-0.39	-0.41	-0.38	0.17	-0.38	-0.38	-0.44		-0.36	-0.38	-0.3
Non Current Liabilities Total	0.99	0.98	0.95	0.95	0.89	0.95	0.64	0.97	0.99	0.95	1.0	0.93	0.9	0.98	0.97	0.97	0.86	0.99	-0.57	0.99	0.93	0.97	-0.36		0.93	0.94
Inventory	0.97	0.97	0.86	0.92	0.8	0.92	0.69	0.95	0.96	0.98	0.93	0.93	0.95	0.91	0.92	0.97	0.94	0.93	-0.53	0.92	0.95	0.94	-0.38	0.93		0.95
Other Current Assets	0.97	0.96	0.83	0.97	0.79	0.97	0.71	0.92	0.97	0.98	0.95	0.89	0.95	0.9	0.89	0.95	0.92	0.93	-0.39	0.95	0.97	0.92	-0.3	0.94	0.95

Click cells to compare fundamentals

Ultra Clean Account Relationship Matchups

Ultra Clean fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.0B	1.1B	2.0B	2.0B	1.9B	2.0B
Total Stockholder Equity	436.7M	532.6M	848.9M	887.9M	838.9M	880.8M
Net Debt	171.7M	111.5M	168.8M	252.4M	332.9M	349.5M
Cash	162.5M	200.3M	466.5M	358.8M	307M	322.4M
Other Assets	20.7M	28.8M	46.8M	46.8M	53.8M	56.5M
Cash And Short Term Investments	162.5M	200.3M	466.5M	358.8M	307M	322.4M
Common Stock Shares Outstanding	39.5M	41.1M	44.4M	45.7M	44.7M	28.7M
Liabilities And Stockholders Equity	1.0B	1.1B	2.0B	2.0B	1.9B	2.0B
Other Stockholder Equity	297.6M	309.5M	511.6M	515.4M	496.5M	521.3M
Total Liab	566.8M	551.3M	1.1B	1.0B	970.5M	1.0B
Total Current Assets	467.0M	545.1M	1.1B	1.1B	893.2M	937.9M
Short Long Term Debt Total	334.2M	311.8M	635.2M	611.2M	639.9M	671.9M
Other Current Liab	55.5M	26.3M	50.1M	97.8M	81.4M	85.5M
Total Current Liabilities	210.6M	201.3M	469.1M	389.2M	310M	325.5M
Other Liab	44M	57.4M	67.8M	61.4M	70.6M	74.1M
Property Plant And Equipment Net	180.1M	197.0M	325.7M	378.6M	480M	504M
Retained Earnings	140.4M	218.0M	337.4M	377.8M	346.7M	364.0M
Accounts Payable	133.1M	121.3M	332.9M	253.5M	192.9M	202.5M
Non Current Assets Total	552.3M	557.5M	888.3M	862.1M	974.5M	1.0B
Non Currrent Assets Other	5.2M	4.2M	9.2M	10.5M	(204.4M)	(194.2M)
Long Term Debt	283.4M	261.6M	529.9M	493M	461.2M	484.3M
Net Receivables	112.7M	145.5M	250.1M	253.7M	180.8M	189.8M
Good Will	171.1M	171.1M	270.0M	248.8M	265.2M	278.5M
Non Current Liabilities Total	356.2M	350.1M	663.6M	634.7M	660.5M	693.5M
Inventory	172.4M	180.4M	379.2M	443.9M	374.5M	393.2M
Other Current Assets	19.4M	18.9M	41.3M	42.4M	30.9M	32.4M
Property Plant And Equipment Gross	180.2M	197M	325.7M	378.6M	650.3M	682.8M
Accumulated Other Comprehensive Income	(1.3M)	5.1M	(167K)	(5.4M)	(4.4M)	(4.6M)
Short Term Debt	22.0M	19.1M	39.4M	37.9M	35.7M	17.9M
Intangible Assets	180.3M	160.5M	245.7M	187.9M	215.3M	226.1M
Common Stock	297.7M	309.6M	511.6M	515.5M	100K	95K
Property Plant Equipment	145.3M	159.2M	325.7M	378.6M	435.4M	457.2M
Net Tangible Assets	85.3M	201M	333.1M	451.2M	518.9M	544.8M
Noncontrolling Interest In Consolidated Entity	14.7M	15.8M	18.6M	43.8M	50.4M	52.9M
Retained Earnings Total Equity	149.7M	140.3M	217.9M	337.4M	388.0M	407.4M
Long Term Debt Total	331.5M	283.4M	261.6M	529.9M	609.4M	639.9M
Deferred Long Term Liab	15.8M	25.2M	33.6M	54.9M	63.1M	66.3M

Pair Trading with Ultra Clean

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 Ultra Clean 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 Ultra Clean will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Ultra Clean could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ultra Clean 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 Ultra Clean - 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 Ultra Clean Holdings to buy it.

The correlation of Ultra Clean 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 Ultra Clean moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ultra Clean Holdings 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 Ultra Clean 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.

Pair Correlation Correlation Matching

When determining whether Ultra Clean Holdings is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Ultra Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ultra Clean Holdings Stock. Highlighted below are key reports to facilitate an investment decision about Ultra Clean Holdings Stock:

How To Invest In Ultra

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Is Ultra Stock a good investment?

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What is Ultra Clean's Net Worth?

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Ultra Clean Holdings. 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Complementary Tools for Ultra Stock analysis

When running Ultra Clean's price analysis, check to measure Ultra Clean'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 Ultra Clean is operating at the current time. Most of Ultra Clean's value examination focuses on studying past and present price action to predict the probability of Ultra Clean's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ultra Clean's price. Additionally, you may evaluate how the addition of Ultra Clean to your portfolios can decrease your overall portfolio volatility.

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Is Ultra Clean'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 Ultra Clean. If investors know Ultra 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 Ultra Clean 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

(0.40)

Earnings Share

(0.83)

Revenue Per Share

39.841

Quarterly Revenue Growth

0.102

Return On Assets

0.015

The market value of Ultra Clean Holdings is measured differently than its book value, which is the value of Ultra that is recorded on the company's balance sheet. Investors also form their own opinion of Ultra Clean's value that differs from its market value or its book value, called intrinsic value, which is Ultra Clean'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 Ultra Clean's market value can be influenced by many factors that don't directly affect Ultra Clean'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 Ultra Clean's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ultra Clean is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ultra Clean'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.

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Ultra Minority Interest vs Gross Profit Analysis

Minority Interest vs Gross Profit

Minority Interest vs Gross Profit Correlation Analysis

Correlation Coefficient

Minority Interest

Gross Profit

Ultra Clean fundamental ratios Correlations

Ultra Clean Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ultra Clean fundamental ratios Accounts

Pair Trading with Ultra Clean

Complementary Tools for Ultra Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Current Assets	+ 0.99	Total Assets

Non Currrent Assets Other	- 0.73	Property Plant And Equipment Net
Non Currrent Assets Other	- 0.7	Net Debt
Non Currrent Assets Other	- 0.63	Other Assets
Non Currrent Assets Other	- 0.61	Non Current Assets Total
Non Currrent Assets Other	- 0.6	Other Current Liab
Non Currrent Assets Other	- 0.58	Short Long Term Debt Total