Ultra Operating Income vs Selling General Administrative Analysis
UCTT Stock | USD 45.10 0.73 1.65% |
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 Operating Income and its Selling General Administrative 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.
Operating Income vs Selling General Administrative
Operating Income vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ultra Clean Holdings Operating Income account and Selling General Administrative. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ultra Clean's Operating Income and Selling General Administrative is 0.69. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Selling General Administrative 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 Operating Income and Selling General Administrative 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 Ultra Clean Holdings are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Operating Income i.e., Ultra Clean's Operating Income and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.69 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Operating Income
Operating Income is the amount of profit realized from Ultra Clean Holdings 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 Ultra Clean Holdings 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.Selling General Administrative
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 |
Ultra Clean fundamental ratios Correlations
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Ultra Clean Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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.Moving together with Ultra Stock
0.82 | ENTG | Entegris | PairCorr |
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.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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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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.