Encore Total Assets vs Asset Turnover Analysis
WIRE Stock | USD 283.09 1.31 0.46% |
Encore Wire financial indicator trend analysis is much more than just examining Encore Wire latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Encore Wire is a good investment. Please check the relationship between Encore Wire Total Assets and its Asset Turnover accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Encore Wire. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.
Total Assets vs Asset Turnover
Total Assets vs Asset Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Encore Wire Total Assets account and Asset Turnover. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Encore Wire's Total Assets and Asset Turnover is -0.46. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Encore Wire, assuming nothing else is changed. The correlation between historical values of Encore Wire's Total Assets and Asset 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 Total Assets of Encore Wire are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Total Assets i.e., Encore Wire's Total Assets and Asset Turnover go up and down completely randomly.
Correlation Coefficient | -0.46 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Total Assets
Total assets refers to the total amount of Encore Wire assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Encore Wire books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Most indicators from Encore Wire's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Encore Wire 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Encore Wire. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.At present, Encore Wire's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 651.2 M, whereas Issuance Of Capital Stock is forecasted to decline to about 400.9 K.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 867.7M | 1.1B | 655.9M | 688.7M | Total Revenue | 2.6B | 3.0B | 2.6B | 2.7B |
Encore Wire fundamental ratios Correlations
Click cells to compare fundamentals
Encore Wire Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Encore Wire fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 883.2M | 966.5M | 1.5B | 2.0B | 2.0B | 2.1B | |
Total Current Liabilities | 75.3M | 93.6M | 154.1M | 144.2M | 160.1M | 168.1M | |
Total Stockholder Equity | 779.1M | 837.7M | 1.3B | 1.8B | 1.7B | 1.8B | |
Property Plant And Equipment Net | 333.2M | 410.8M | 494.9M | 616.6M | 756.9M | 794.7M | |
Net Debt | (231.0M) | (183.1M) | (439.0M) | (730.6M) | (560.6M) | (532.6M) | |
Retained Earnings | 806.9M | 881.3M | 1.4B | 2.1B | 2.5B | 2.6B | |
Accounts Payable | 40.5M | 56.7M | 75.4M | 62.8M | 80.5M | 84.6M | |
Non Current Assets Total | 333.9M | 411.3M | 495.5M | 617.1M | 757.3M | 795.2M | |
Non Currrent Assets Other | (28.0M) | (34.6M) | (36.8M) | (55.4M) | (59.7M) | (62.7M) | |
Net Receivables | 223.1M | 275.8M | 491.1M | 498.8M | 480.1M | 504.1M | |
Common Stock Shares Outstanding | 21.0M | 20.7M | 20.6M | 19.4M | 17.2M | 19.3M | |
Liabilities And Stockholders Equity | 883.2M | 966.5M | 1.5B | 2.0B | 2.0B | 2.1B | |
Non Current Liabilities Total | 28.8M | 35.1M | 37.3M | 55.9M | 60.2M | 43.9M | |
Inventory | 89.7M | 92.3M | 100.8M | 153.2M | 163.7M | 171.9M | |
Other Current Assets | 5.5M | 3.9M | 4.1M | 19.1M | 6.2M | 5.0M | |
Other Stockholder Equity | (28.0M) | (43.8M) | (82.3M) | (319.0M) | (761.2M) | (723.1M) | |
Total Liab | 104.1M | 128.7M | 191.4M | 200.1M | 220.3M | 231.4M | |
Property Plant And Equipment Gross | 333.2M | 694.7M | 760.1M | 897.3M | 1.1B | 1.1B | |
Total Current Assets | 549.2M | 555.1M | 1.0B | 1.4B | 1.2B | 1.3B | |
Cash | 231.0M | 183.1M | 439.0M | 730.6M | 560.6M | 588.7M | |
Cash And Short Term Investments | 231.0M | 183.1M | 439.0M | 730.6M | 560.6M | 588.7M | |
Other Assets | 737K | 553K | 570K | 490K | 563.5K | 559.3K | |
Property Plant Equipment | 333.2M | 410.8M | 494.9M | 616.6M | 709.1M | 744.5M | |
Other Liab | 28.8M | 35.1M | 37.3M | 55.9M | 64.3M | 67.5M | |
Net Tangible Assets | 779.1M | 837.7M | 1.3B | 1.8B | 2.1B | 2.2B | |
Retained Earnings Total Equity | 806.9M | 881.3M | 1.4B | 2.1B | 2.5B | 2.6B | |
Capital Surpluse | 63.0M | 67.9M | 72.8M | 83.6M | 96.2M | 65.1M | |
Deferred Long Term Liab | 28.8M | 35.1M | 37.3M | 55.9M | 64.3M | 67.5M | |
Accumulated Depreciation | (238.5M) | (252.8M) | (266.7M) | (283.9M) | (255.5M) | (268.3M) | |
Net Invested Capital | 779.1M | 837.7M | 1.3B | 1.8B | 1.7B | 1.2B | |
Net Working Capital | 473.9M | 461.5M | 881.0M | 1.3B | 1.1B | 777.1M |
Encore Wire Investors Sentiment
The influence of Encore Wire'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 Encore. 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 Encore Wire's public news can be used to forecast risks associated with an investment in Encore. The trend in average sentiment can be used to explain how an investor holding Encore can time the market purely based on public headlines and social activities around Encore Wire. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Encore Wire'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 Encore Wire'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 Encore Wire's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Encore Wire.
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 Encore Wire 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, Encore Wire's short interest history, or implied volatility extrapolated from Encore Wire options trading.
Also Currently Popular
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 Encore Wire is a strong investment it is important to analyze Encore Wire's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Encore Wire's future performance. For an informed investment choice regarding Encore Stock, refer to the following important reports:Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Encore Wire. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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Is Encore Wire'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 Encore Wire. If investors know Encore 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 Encore Wire 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 (0.50) | Dividend Share 0.08 | Earnings Share 21.62 | Revenue Per Share 152.179 | Quarterly Revenue Growth (0.09) |
The market value of Encore Wire is measured differently than its book value, which is the value of Encore that is recorded on the company's balance sheet. Investors also form their own opinion of Encore Wire's value that differs from its market value or its book value, called intrinsic value, which is Encore Wire'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 Encore Wire's market value can be influenced by many factors that don't directly affect Encore Wire'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 Encore Wire's value and its price as these two are different measures arrived at by different means. Investors typically determine if Encore Wire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Encore Wire'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.