Advanced Cash vs Net Receivables Analysis

000969 Stock

13.15 0.96 7.88%

Advanced Technology financial indicator trend analysis is way more than just evaluating Advanced Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Advanced Technology is a good investment. Please check the relationship between Advanced Technology Cash and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advanced Technology Materials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Cash vs Net Receivables

Cash vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Advanced Technology Cash account and Net Receivables. At this time, the significance of the direction appears to have significant contrarian relationship.

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

Correlation Coefficient

-0.23

Relationship Direction	Negative
Relationship Strength	Insignificant

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Cash

Cash refers to the most liquid asset of Advanced Technology, which is listed under current asset account on Advanced Technology Materials balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Advanced Technology customers. The amounts must be unrestricted with restricted cash listed in a different Advanced Technology account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Net Receivables

Most indicators from Advanced Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Advanced Technology 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Advanced Technology Materials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

As of November 23, 2024, Selling General Administrative is expected to decline to about 221.5 M. In addition to that, Tax Provision is expected to decline to about 19 M

	2021	2022	2023	2024 (projected)
Operating Income	341.6M	285.9M	353.7M	204.2M
Total Revenue	6.3B	7.4B	8.2B	8.6B

Operating Income Total Revenue

Advanced Technology fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Good Will	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		0.42	0.91	0.97	0.57	0.92	0.68	0.38	0.52	0.62	-0.64	0.69	0.09	0.98	0.75	0.97	0.9	0.11	0.67	0.64	-0.59	-0.02	-0.66	0.09	0.55	0.65
Other Current Liab	0.42		0.37	0.4	0.35	0.36	-0.03	-0.36	0.32	0.41	-0.24	0.11	0.67	0.45	0.31	0.42	0.43	0.18	0.15	-0.13	-0.26	0.32	-0.07	0.41	-0.1	0.07
Total Current Liabilities	0.91	0.37		0.91	0.54	0.84	0.67	0.37	0.46	0.53	-0.45	0.66	-0.12	0.93	0.71	0.85	0.73	-0.28	0.79	0.69	-0.75	-0.01	-0.79	0.22	0.57	0.76
Total Stockholder Equity	0.97	0.4	0.91		0.44	0.9	0.7	0.43	0.49	0.48	-0.57	0.72	0.05	0.93	0.67	0.94	0.83	-0.02	0.79	0.73	-0.68	-0.07	-0.78	0.15	0.6	0.76
Other Liab	0.57	0.35	0.54	0.44		0.49	0.08	-0.23	0.8	0.89	-0.33	0.09	0.16	0.63	0.77	0.61	0.74	0.13	0.26	-0.06	-0.46	0.6	-0.19	0.45	-0.19	0.0
Retained Earnings	0.92	0.36	0.84	0.9	0.49		0.62	0.28	0.45	0.68	-0.66	0.59	0.13	0.9	0.75	0.92	0.85	0.09	0.59	0.54	-0.51	-0.04	-0.56	0.15	0.42	0.58
Accounts Payable	0.68	-0.03	0.67	0.7	0.08	0.62		0.88	0.02	0.13	-0.59	0.97	-0.28	0.66	0.31	0.61	0.47	-0.02	0.66	0.86	-0.44	-0.49	-0.75	-0.41	0.87	0.76
Cash	0.38	-0.36	0.37	0.43	-0.23	0.28	0.88		-0.17	-0.23	-0.32	0.84	-0.48	0.33	-0.02	0.29	0.12	-0.06	0.54	0.85	-0.29	-0.59	-0.66	-0.62	0.89	0.66
Other Assets	0.52	0.32	0.46	0.49	0.8	0.45	0.02	-0.17		0.69	-0.02	0.06	0.05	0.52	0.73	0.52	0.59	0.06	0.5	0.09	-0.62	0.75	-0.35	0.53	-0.12	0.13
Net Receivables	0.62	0.41	0.53	0.48	0.89	0.68	0.13	-0.23	0.69		-0.49	0.13	0.31	0.67	0.79	0.67	0.8	0.27	0.18	-0.08	-0.3	0.47	-0.09	0.38	-0.2	-0.01
Short Term Investments	-0.64	-0.24	-0.45	-0.57	-0.33	-0.66	-0.59	-0.32	-0.02	-0.49		-0.57	-0.4	-0.62	-0.38	-0.72	-0.75	-0.42	-0.15	-0.25	0.01	0.44	0.2	0.19	-0.25	-0.2
Inventory	0.69	0.11	0.66	0.72	0.09	0.59	0.97	0.84	0.06	0.13	-0.57		-0.16	0.68	0.25	0.63	0.48	0.06	0.66	0.84	-0.46	-0.42	-0.75	-0.39	0.87	0.75
Other Current Assets	0.09	0.67	-0.12	0.05	0.16	0.13	-0.28	-0.48	0.05	0.31	-0.4	-0.16		0.12	-0.03	0.22	0.3	0.6	-0.37	-0.49	0.29	0.16	0.42	0.19	-0.42	-0.4
Total Liab	0.98	0.45	0.93	0.93	0.63	0.9	0.66	0.33	0.52	0.67	-0.62	0.68	0.12		0.75	0.96	0.89	0.1	0.63	0.59	-0.58	0.03	-0.63	0.1	0.52	0.6
Intangible Assets	0.75	0.31	0.71	0.67	0.77	0.75	0.31	-0.02	0.73	0.79	-0.38	0.25	-0.03	0.75		0.72	0.78	-0.01	0.52	0.26	-0.52	0.33	-0.42	0.4	0.08	0.32
Common Stock	0.97	0.42	0.85	0.94	0.61	0.92	0.61	0.29	0.52	0.67	-0.72	0.63	0.22	0.96	0.72		0.95	0.19	0.58	0.54	-0.54	-0.01	-0.58	0.16	0.43	0.57
Property Plant Equipment	0.9	0.43	0.73	0.83	0.74	0.85	0.47	0.12	0.59	0.8	-0.75	0.48	0.3	0.89	0.78	0.95		0.33	0.41	0.32	-0.39	0.1	-0.38	0.2	0.22	0.35
Long Term Debt	0.11	0.18	-0.28	-0.02	0.13	0.09	-0.02	-0.06	0.06	0.27	-0.42	0.06	0.6	0.1	-0.01	0.19	0.33		-0.44	-0.27	0.48	0.05	0.45	-0.39	-0.12	-0.43
Good Will	0.67	0.15	0.79	0.79	0.26	0.59	0.66	0.54	0.5	0.18	-0.15	0.66	-0.37	0.63	0.52	0.58	0.41	-0.44		0.81	-0.9	0.0	-0.97	0.21	0.62	0.84
Net Tangible Assets	0.64	-0.13	0.69	0.73	-0.06	0.54	0.86	0.85	0.09	-0.08	-0.25	0.84	-0.49	0.59	0.26	0.54	0.32	-0.27	0.81		-0.59	-0.41	-0.89	-0.27	0.94	0.91
Other Stockholder Equity	-0.59	-0.26	-0.75	-0.68	-0.46	-0.51	-0.44	-0.29	-0.62	-0.3	0.01	-0.46	0.29	-0.58	-0.52	-0.54	-0.39	0.48	-0.9	-0.59		-0.27	0.87	-0.42	-0.4	-0.7
Deferred Long Term Liab	-0.02	0.32	-0.01	-0.07	0.6	-0.04	-0.49	-0.59	0.75	0.47	0.44	-0.42	0.16	0.03	0.33	-0.01	0.1	0.05	0.0	-0.41	-0.27		0.15	0.61	-0.52	-0.28
Long Term Investments	-0.66	-0.07	-0.79	-0.78	-0.19	-0.56	-0.75	-0.66	-0.35	-0.09	0.2	-0.75	0.42	-0.63	-0.42	-0.58	-0.38	0.45	-0.97	-0.89	0.87	0.15		-0.09	-0.74	-0.91
Short Long Term Debt	0.09	0.41	0.22	0.15	0.45	0.15	-0.41	-0.62	0.53	0.38	0.19	-0.39	0.19	0.1	0.4	0.16	0.2	-0.39	0.21	-0.27	-0.42	0.61	-0.09		-0.52	0.07
Total Current Assets	0.55	-0.1	0.57	0.6	-0.19	0.42	0.87	0.89	-0.12	-0.2	-0.25	0.87	-0.42	0.52	0.08	0.43	0.22	-0.12	0.62	0.94	-0.4	-0.52	-0.74	-0.52		0.8
Short Term Debt	0.65	0.07	0.76	0.76	0.0	0.58	0.76	0.66	0.13	-0.01	-0.2	0.75	-0.4	0.6	0.32	0.57	0.35	-0.43	0.84	0.91	-0.7	-0.28	-0.91	0.07	0.8

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Advanced Technology Account Relationship Matchups

Advanced Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.3B	9.3B	10.1B	10.9B	11.4B	6.9B
Other Current Liab	599.1M	385.4M	539.9M	782.5M	120.9M	114.8M
Total Current Liabilities	3.7B	3.5B	3.5B	3.9B	3.9B	2.3B
Total Stockholder Equity	4.5B	4.6B	4.7B	5.0B	5.1B	3.3B
Other Liab	254.2M	159.6M	124.3M	99.0M	113.9M	114.0M
Retained Earnings	742.2M	845.6M	1.0B	780.5M	890.7M	536.8M
Accounts Payable	1.5B	1.8B	2.3B	2.6B	2.7B	2.8B
Cash	1.2B	1.6B	2.0B	2.2B	2.8B	3.0B
Other Assets	214.8M	171.9M	152.2M	132.6M	152.5M	154.6M
Net Receivables	1.3B	953.6M	1.3B	876.4M	965.3M	968.5M
Inventory	1.6B	1.5B	2.2B	2.6B	2.5B	2.6B
Other Current Assets	268.0M	200.7M	184.5M	305.3M	55.2M	52.4M
Total Liab	3.9B	3.6B	4.1B	4.6B	4.7B	2.8B
Intangible Assets	479.4M	452.8M	431.7M	410.5M	385.3M	280.5M
Property Plant Equipment	3.3B	3.1B	3.1B	3.1B	3.5B	2.3B
Long Term Debt	98.8M	2.8M	500.4M	650.5M	650.5M	570.8M
Net Tangible Assets	3.4B	3.5B	3.7B	3.9B	4.5B	3.7B
Other Stockholder Equity	(38.1M)	(42.8M)	(49.0M)	(106.6K)	(95.9K)	(100.7K)
Deferred Long Term Liab	104.2M	75.7M	71.2M	68.1M	61.3M	68.4M
Short Long Term Debt	1.4B	1.2B	529.8M	292.2M	139.3M	132.3M
Total Current Assets	4.4B	4.8B	5.7B	6.5B	6.9B	5.6B
Non Current Assets Total	4.9B	4.5B	4.5B	4.4B	4.4B	3.9B
Non Currrent Assets Other	66.7M	24.4M	11.5M	11.6M	63.5M	98.3M
Non Current Liabilities Total	164.4M	127.1M	614.7M	774.5M	823.8M	473.0M
Net Invested Capital	5.9B	5.8B	5.8B	5.9B	5.9B	4.7B
Net Working Capital	693.8M	1.3B	2.2B	2.6B	3.1B	1.9B

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Other Information on Investing in Advanced Stock

Balance Sheet is a snapshot of the financial position of Advanced Technology at a specified time, usually calculated after every quarter, six months, or one year. Advanced Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Advanced Technology and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Advanced currently owns. An asset can also be divided into two categories, current and non-current.

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Advanced Cash vs Net Receivables Analysis

Cash vs Net Receivables

Cash vs Net Receivables Correlation Analysis

Correlation Coefficient

Cash

Net Receivables

Advanced Technology fundamental ratios Correlations

Advanced Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Advanced Technology fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Total Liab	+ 0.98	Total Assets
Total Stockholder Equity	+ 0.97	Total Assets
Common Stock	+ 0.97	Total Assets
Inventory	+ 0.97	Accounts Payable
Common Stock	+ 0.96	Total Liab
Property Plant Equipment	+ 0.95	Common Stock

Long Term Investments	- 0.97	Good Will
Short Term Debt	- 0.91	Long Term Investments
Other Stockholder Equity	- 0.9	Good Will
Long Term Investments	- 0.89	Net Tangible Assets
Long Term Investments	- 0.79	Total Current Liabilities
Long Term Investments	- 0.78	Total Stockholder Equity