Advanced Total Assets vs Asset Turnover Analysis
WMS Stock | USD 156.53 0.96 0.62% |
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 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 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.
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 Advanced Drainage Systems Total Assets account and Asset Turnover. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Advanced Drainage's Total Assets and Asset Turnover is -0.45. 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 Advanced Drainage Systems, assuming nothing else is changed. The correlation between historical values of Advanced Drainage'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 Advanced Drainage Systems 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., Advanced Drainage's Total Assets and Asset Turnover go up and down completely randomly.
Correlation Coefficient | -0.45 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Total Assets
Total assets refers to the total amount of Advanced Drainage 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 Advanced Drainage Systems 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 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 |
Advanced Drainage fundamental ratios Correlations
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Advanced Drainage Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
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 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: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 Commodity Directory module to find actively traded commodities issued by global exchanges.
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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 6.29 | 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.