Advanced Market Capitalization vs Operating Income Analysis

WMS Stock

USD 156.81 0.10 0.06%

Advanced Drainage financial indicator trend analysis is way more than just evaluating Advanced Drainage Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Advanced Drainage Systems is a good investment. Please check the relationship between Advanced Drainage Market Cap and its Operating Income accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Advanced Drainage Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

Market Cap vs Operating Income

Market Capitalization vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Advanced Drainage Systems Market Capitalization account and Operating Income. At this time, the significance of the direction appears to have very week relationship.

The correlation between Advanced Drainage's Market Capitalization and Operating Income is 0.23. Overlapping area represents the amount of variation of Market Capitalization that can explain the historical movement of Operating Income in the same time period over historical financial statements of Advanced Drainage Systems, assuming nothing else is changed. The correlation between historical values of Advanced Drainage's Market Capitalization and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Market Capitalization of Advanced Drainage Systems are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Market Capitalization i.e., Advanced Drainage's Market Capitalization and Operating Income go up and down completely randomly.

Correlation Coefficient

0.23

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Market Cap

Operating Income

Operating Income is the amount of profit realized from Advanced Drainage Systems 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 Advanced Drainage Systems 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.

Most indicators from Advanced Drainage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Advanced Drainage Systems 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 Advanced Drainage Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

At this time, Advanced Drainage's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 181.8 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.07 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	800.4M	1.1B	1.3B	1.4B
Total Revenue	2.8B	3.1B	3.5B	3.7B

Gross Profit Total Revenue

Advanced Drainage fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross
Common Stock Shares Outstanding		0.78	0.64	0.67	0.8	0.78	0.57	0.81	0.62	0.52	0.7	0.63	0.76	0.73	0.63	0.62	0.63	0.77	0.69	-0.41	0.64	0.71	0.42	0.47	0.66	0.66
Total Assets	0.78		0.85	0.85	0.93	0.96	0.85	0.95	0.85	0.52	0.83	0.79	1.0	0.88	0.83	0.85	0.79	0.93	0.91	-0.47	0.86	0.88	0.55	0.68	0.87	0.78
Short Long Term Debt Total	0.64	0.85		0.92	0.77	0.77	0.9	0.83	0.99	0.73	0.68	0.93	0.85	0.9	0.62	1.0	0.93	0.77	0.96	-0.77	1.0	0.75	0.75	0.52	1.0	0.91
Other Current Liab	0.67	0.85	0.92		0.8	0.86	0.9	0.83	0.91	0.72	0.68	0.85	0.84	0.92	0.72	0.91	0.85	0.84	0.94	-0.8	0.92	0.79	0.63	0.6	0.93	0.9
Total Current Liabilities	0.8	0.93	0.77	0.8		0.92	0.74	0.97	0.78	0.59	0.9	0.68	0.91	0.87	0.89	0.76	0.68	0.97	0.83	-0.46	0.78	0.93	0.55	0.58	0.81	0.82
Total Stockholder Equity	0.78	0.96	0.77	0.86	0.92		0.83	0.9	0.77	0.45	0.77	0.73	0.96	0.9	0.87	0.76	0.73	0.93	0.89	-0.48	0.78	0.83	0.4	0.78	0.8	0.72
Other Liab	0.57	0.85	0.9	0.9	0.74	0.83		0.75	0.9	0.64	0.69	0.83	0.86	0.81	0.75	0.92	0.83	0.77	0.94	-0.66	0.91	0.71	0.58	0.59	0.91	0.8
Property Plant And Equipment Net	0.81	0.95	0.83	0.83	0.97	0.9	0.75		0.83	0.66	0.84	0.75	0.92	0.86	0.78	0.81	0.75	0.96	0.83	-0.53	0.82	0.93	0.59	0.51	0.84	0.85
Net Debt	0.62	0.85	0.99	0.91	0.78	0.77	0.9	0.83		0.73	0.7	0.89	0.84	0.89	0.64	0.99	0.89	0.79	0.95	-0.75	0.99	0.78	0.76	0.51	0.99	0.93
Retained Earnings	0.52	0.52	0.73	0.72	0.59	0.45	0.64	0.66	0.73		0.63	0.65	0.47	0.57	0.45	0.74	0.65	0.62	0.6	-0.73	0.72	0.68	0.79	-0.07	0.74	0.88
Accounts Payable	0.7	0.83	0.68	0.68	0.9	0.77	0.69	0.84	0.7	0.63		0.56	0.8	0.71	0.9	0.7	0.56	0.89	0.72	-0.34	0.7	0.91	0.71	0.38	0.73	0.79
Cash	0.63	0.79	0.93	0.85	0.68	0.73	0.83	0.75	0.89	0.65	0.56		0.79	0.86	0.5	0.92	1.0	0.64	0.9	-0.75	0.93	0.58	0.67	0.52	0.92	0.78
Non Current Assets Total	0.76	1.0	0.85	0.84	0.91	0.96	0.86	0.92	0.84	0.47	0.8	0.79		0.88	0.82	0.84	0.79	0.91	0.92	-0.45	0.86	0.84	0.5	0.73	0.86	0.74
Non Currrent Assets Other	0.73	0.88	0.9	0.92	0.87	0.9	0.81	0.86	0.89	0.57	0.71	0.86	0.88		0.75	0.88	0.86	0.84	0.95	-0.71	0.9	0.77	0.59	0.75	0.92	0.85
Other Assets	0.63	0.83	0.62	0.72	0.89	0.87	0.75	0.78	0.64	0.45	0.9	0.5	0.82	0.75		0.63	0.5	0.9	0.76	-0.31	0.65	0.85	0.46	0.63	0.68	0.7
Long Term Debt	0.62	0.85	1.0	0.91	0.76	0.76	0.92	0.81	0.99	0.74	0.7	0.92	0.84	0.88	0.63		0.92	0.77	0.95	-0.75	1.0	0.75	0.76	0.5	0.99	0.91
Cash And Short Term Investments	0.63	0.79	0.93	0.85	0.68	0.73	0.83	0.75	0.89	0.65	0.56	1.0	0.79	0.86	0.5	0.92		0.64	0.9	-0.75	0.93	0.58	0.67	0.52	0.92	0.78
Net Receivables	0.77	0.93	0.77	0.84	0.97	0.93	0.77	0.96	0.79	0.62	0.89	0.64	0.91	0.84	0.9	0.77	0.64		0.83	-0.49	0.78	0.97	0.56	0.57	0.81	0.84
Good Will	0.69	0.91	0.96	0.94	0.83	0.89	0.94	0.83	0.95	0.6	0.72	0.9	0.92	0.95	0.76	0.95	0.9	0.83		-0.7	0.96	0.76	0.63	0.72	0.97	0.86
Common Stock Total Equity	-0.41	-0.47	-0.77	-0.8	-0.46	-0.48	-0.66	-0.53	-0.75	-0.73	-0.34	-0.75	-0.45	-0.71	-0.31	-0.75	-0.75	-0.49	-0.7		-0.75	-0.44	-0.56	-0.29	-0.76	-0.77
Non Current Liabilities Total	0.64	0.86	1.0	0.92	0.78	0.78	0.91	0.82	0.99	0.72	0.7	0.93	0.86	0.9	0.65	1.0	0.93	0.78	0.96	-0.75		0.76	0.76	0.54	1.0	0.91
Inventory	0.71	0.88	0.75	0.79	0.93	0.83	0.71	0.93	0.78	0.68	0.91	0.58	0.84	0.77	0.85	0.75	0.58	0.97	0.76	-0.44	0.76		0.67	0.41	0.78	0.86
Other Current Assets	0.42	0.55	0.75	0.63	0.55	0.4	0.58	0.59	0.76	0.79	0.71	0.67	0.5	0.59	0.46	0.76	0.67	0.56	0.63	-0.56	0.76	0.67		0.05	0.76	0.81
Other Stockholder Equity	0.47	0.68	0.52	0.6	0.58	0.78	0.59	0.51	0.51	-0.07	0.38	0.52	0.73	0.75	0.63	0.5	0.52	0.57	0.72	-0.29	0.54	0.41	0.05		0.55	0.34
Total Liab	0.66	0.87	1.0	0.93	0.81	0.8	0.91	0.84	0.99	0.74	0.73	0.92	0.86	0.92	0.68	0.99	0.92	0.81	0.97	-0.76	1.0	0.78	0.76	0.55		0.93
Property Plant And Equipment Gross	0.66	0.78	0.91	0.9	0.82	0.72	0.8	0.85	0.93	0.88	0.79	0.78	0.74	0.85	0.7	0.91	0.78	0.84	0.86	-0.77	0.91	0.86	0.81	0.34	0.93

Click cells to compare fundamentals

Advanced Drainage Account Relationship Matchups

Advanced Drainage fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	63.8M	71.6M	72.9M	83.3M	95.8M	62.7M
Total Assets	2.4B	2.4B	2.6B	2.9B	3.3B	1.7B
Short Long Term Debt Total	1.2B	841.5M	944.6M	1.3B	1.5B	1.6B
Other Current Liab	103.2M	120.9M	141.7M	145.5M	167.3M	175.6M
Total Current Liabilities	238.2M	318.3M	391.2M	378.8M	435.6M	271.2M
Total Stockholder Equity	772.8M	1.0B	1.1B	977.4M	1.1B	615.5M
Other Liab	(115.2M)	173.6M	205.9M	233.4M	268.4M	281.8M
Property Plant And Equipment Net	481.4M	504.3M	619.4M	733.1M	843.0M	488.3M
Net Debt	988.0M	646.5M	924.5M	1.1B	1.3B	1.3B
Retained Earnings	(267.6M)	(75.2M)	158.9M	626.2M	720.1M	756.2M
Accounts Payable	106.7M	171.1M	225.0M	210.1M	241.6M	153.6M
Cash	174.2M	195.0M	20.1M	217.1M	249.7M	262.2M
Non Current Assets Total	1.7B	1.7B	1.8B	1.9B	2.2B	1.1B
Non Currrent Assets Other	69.1M	85.5M	84.2M	83.7M	96.3M	101.1M
Other Assets	24.0M	85.5M	116.8M	72.0M	82.8M	45.5M
Long Term Debt	1.1B	782.2M	908.7M	1.3B	1.5B	1.5B
Cash And Short Term Investments	174.2M	195.0M	20.1M	217.1M	249.7M	262.2M
Net Receivables	200.0M	236.2M	341.8M	306.9M	353.0M	222.0M
Good Will	597.8M	599.1M	610.3M	620.2M	713.2M	748.9M
Common Stock Total Equity	11.6M	11.6M	11.6M	11.6M	10.5M	9.5M
Liabilities And Stockholders Equity	2.4B	2.4B	2.6B	2.9B	3.3B	1.7B
Non Current Liabilities Total	1.3B	1.0B	1.2B	1.5B	1.8B	1.8B
Inventory	282.4M	301.0M	494.3M	464.0M	533.6M	338.3M
Other Current Assets	9.6M	10.8M	15.7M	29.4M	33.8M	35.5M
Other Stockholder Equity	794.7M	896.6M	746.9M	213.9M	245.9M	304.2M
Total Liab	1.6B	1.4B	1.5B	1.9B	2.2B	2.3B
Property Plant And Equipment Gross	506.3M	535.5M	1.2B	1.4B	1.6B	1.7B
Total Current Assets	666.2M	743.0M	871.9M	1.0B	1.2B	639.6M
Accumulated Other Comprehensive Income	(35.3M)	(24.2M)	(24.4M)	(27.6M)	(24.8M)	(26.1M)
Treasury Stock	(10.5M)	(11.0M)	(318.7M)	(921.0M)	(1.1B)	(1.0B)
Short Term Debt	28.3M	26.3M	24.5M	23.2M	26.7M	30.2M
Intangible Assets	555.3M	482.0M	431.4M	407.6M	468.8M	492.2M
Common Stock	11.6M	11.6M	11.6M	11.6M	10.5M	9.5M
Property Plant Equipment	481.4M	504.3M	619.4M	783.8M	901.4M	495.0M
Net Tangible Assets	(380.3M)	(31.4M)	657.0M	569.7M	655.2M	688.0M
Deferred Long Term Liab	175.6M	162.2M	168.4M	159.1M	182.9M	108.1M
Short Long Term Debt	8.0M	7M	19.5M	14.7M	13.2M	16.7M
Warrants	247.1M	229.9M	195.4M	153.2M	176.2M	167.5M
Noncontrolling Interest In Consolidated Entity	11.8M	13.7M	16.6M	17.5M	20.1M	16.7M

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When determining whether Advanced Drainage Systems is a strong investment it is important to analyze Advanced Drainage'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 Advanced Drainage's future performance. For an informed investment choice regarding Advanced Stock, refer to the following important reports:

How To Invest In Advanced

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Is Advanced Stock a good investment?

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What is Advanced Drainage's Net Worth?

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Advanced Drainage Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

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

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Is Advanced Drainage'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 Advanced Drainage. If investors know Advanced 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 Advanced Drainage 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

0.354

Dividend Share

0.54

Earnings Share

6.31

Revenue Per Share

35.932

Quarterly Revenue Growth

0.011

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

Market Cap vs Operating Income

Market Capitalization vs Operating Income Correlation Analysis

Correlation Coefficient

Market Cap

Operating Income

Advanced Drainage fundamental ratios Correlations

Advanced Drainage Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Advanced Drainage fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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

Common Stock Total Equity	- 0.8	Other Current Liab
Property Plant And Equipment Gross	- 0.77	Common Stock Total Equity
Common Stock Total Equity	- 0.77	Short Long Term Debt Total
Total Liab	- 0.76	Common Stock Total Equity
Non Current Liabilities Total	- 0.75	Common Stock Total Equity
Common Stock Total Equity	- 0.75	Cash And Short Term Investments