Academy Sports Debt to Equity vs. Shares Outstanding

ASO Stock  USD 67.54  0.36  0.53%   
Based on Academy Sports' profitability indicators, Academy Sports OutdoorsInc may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in April. Profitability indicators assess Academy Sports' ability to earn profits and add value for shareholders. As of the 29th of March 2024, Price To Sales Ratio is likely to drop to 0.21. In addition to that, Operating Cash Flow Sales Ratio is likely to drop to 0.05. At this time, Academy Sports' Net Income Applicable To Common Shares is very stable compared to the past year. As of the 29th of March 2024, Non Operating Income Net Other is likely to grow to about 22 M, while Accumulated Other Comprehensive Income is likely to drop (1.4 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.30.3246
Significantly Down
Slightly volatile
Net Profit Margin0.02490.0843
Way Down
Slightly volatile
Operating Profit Margin0.03710.11
Way Down
Slightly volatile
Pretax Profit Margin0.02540.1077
Way Down
Slightly volatile
Return On Assets0.02770.1104
Way Down
Slightly volatile
For Academy Sports profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Academy Sports to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Academy Sports OutdoorsInc utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Academy Sports's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Academy Sports OutdoorsInc over time as well as its relative position and ranking within its peers.
  
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Is Academy Sports' 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 Academy Sports. If investors know Academy 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 Academy Sports 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
0.118
Dividend Share
0.38
Earnings Share
6.7
Revenue Per Share
81.7
Quarterly Revenue Growth
0.028
The market value of Academy Sports Outdo is measured differently than its book value, which is the value of Academy that is recorded on the company's balance sheet. Investors also form their own opinion of Academy Sports' value that differs from its market value or its book value, called intrinsic value, which is Academy Sports' 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 Academy Sports' market value can be influenced by many factors that don't directly affect Academy Sports' 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 Academy Sports' value and its price as these two are different measures arrived at by different means. Investors typically determine if Academy Sports is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Academy Sports' 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.

Academy Sports Outdo Shares Outstanding vs. Debt to Equity Fundamental Analysis

Academy Shares Outstanding vs. Debt to Equity

Academy Sports

 = 
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Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

Academy Sports

Shares Outstanding

 = 

Public Shares

-

Repurchased

 = 
74.41 M
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.

Academy Shares Outstanding Comparison

Academy Sports is currently under evaluation in shares outstanding category among related companies.

Use Academy Sports in pair-trading

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 Academy Sports 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 Academy Sports will appreciate offsetting losses from the drop in the long position's value.

Academy Sports Pair Trading

Academy Sports OutdoorsInc Pair Trading Analysis

The ability to find closely correlated positions to Academy Sports could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Academy Sports 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 Academy Sports - 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 Academy Sports OutdoorsInc to buy it.
The correlation of Academy Sports 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 Academy Sports moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Academy Sports Outdo 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 Academy Sports 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 CorrelationCorrelation Matching

Use Investing Themes to Complement your Academy Sports position

In addition to having Academy Sports in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Air Thematic Idea Now

Air
Air Theme
Companies specializing in air services and air delivery. The Air theme has 47 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Air Theme or any other thematic opportunities.
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When determining whether Academy Sports Outdo offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Academy Sports' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Academy Sports Outdoorsinc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Academy Sports Outdoorsinc Stock:
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You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

Complementary Tools for Academy Stock analysis

When running Academy Sports' price analysis, check to measure Academy Sports' 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 Academy Sports is operating at the current time. Most of Academy Sports' value examination focuses on studying past and present price action to predict the probability of Academy Sports' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Academy Sports' price. Additionally, you may evaluate how the addition of Academy Sports to your portfolios can decrease your overall portfolio volatility.
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To fully project Academy Sports' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Academy Sports Outdo at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Academy Sports' income statement, its balance sheet, and the statement of cash flows.
Potential Academy Sports investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Academy Sports investors may work on each financial statement separately, they are all related. The changes in Academy Sports's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Academy Sports's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.