Allied Selling General Administrative vs Non Current Liabilities Total Analysis

605060 Stock   16.40  0.32  1.91%   
Allied Machinery financial indicator trend analysis is way more than just evaluating Allied Machinery prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Allied Machinery is a good investment. Please check the relationship between Allied Machinery Selling General Administrative and its Non Current Liabilities Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allied Machinery Co. 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.

Selling General Administrative vs Non Current Liabilities Total

Selling General Administrative vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Allied Machinery Selling General Administrative account and Non Current Liabilities Total. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Allied Machinery's Selling General Administrative and Non Current Liabilities Total is -0.46. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Allied Machinery Co, assuming nothing else is changed. The correlation between historical values of Allied Machinery's Selling General Administrative and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Allied Machinery Co are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Selling General Administrative i.e., Allied Machinery's Selling General Administrative and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

-0.46
Relationship DirectionNegative 
Relationship StrengthVery Weak

Selling General Administrative

Non Current Liabilities Total

Most indicators from Allied Machinery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Allied Machinery 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 Allied Machinery Co. 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.
The current year's Selling General Administrative is expected to grow to about 43.2 M, whereas Tax Provision is forecasted to decline to about 32.1 M.
 2021 2022 2023 2024 (projected)
Gross Profit273.7M408.7M452.6M340.0M
Total Revenue798.8M1.1B1.2B848.6M

Allied Machinery fundamental ratios Correlations

0.810.360.890.990.84-0.760.950.950.870.890.610.910.960.840.98-0.670.920.940.990.760.980.950.970.980.88
0.81-0.080.820.770.92-0.820.720.830.850.930.30.940.870.550.8-0.440.910.830.780.990.850.720.870.890.78
0.36-0.080.410.36-0.03-0.070.280.280.060.060.560.080.130.450.33-0.20.170.450.44-0.130.320.330.290.270.53
0.890.820.410.840.72-0.760.750.910.870.770.450.80.860.590.87-0.410.810.990.890.810.940.780.890.90.94
0.990.770.360.840.85-0.740.970.940.840.890.610.90.960.870.98-0.70.920.90.980.730.960.970.960.970.85
0.840.92-0.030.720.85-0.770.830.860.770.990.330.960.90.670.88-0.520.970.760.80.910.830.860.890.90.72
-0.76-0.82-0.07-0.76-0.74-0.77-0.73-0.74-0.88-0.79-0.24-0.81-0.77-0.48-0.80.65-0.77-0.75-0.75-0.82-0.8-0.64-0.77-0.78-0.77
0.950.720.280.750.970.83-0.730.890.80.860.480.870.910.80.96-0.780.870.810.930.690.910.940.940.920.78
0.950.830.280.910.940.86-0.740.890.880.890.430.860.970.70.97-0.480.90.930.910.810.970.950.930.950.84
0.870.850.060.870.840.77-0.880.80.880.790.30.820.920.540.87-0.550.780.860.820.850.930.760.840.870.76
0.890.930.060.770.890.99-0.790.860.890.790.420.980.920.730.9-0.560.990.820.850.90.870.880.930.940.78
0.610.30.560.450.610.33-0.240.480.430.30.420.520.480.880.5-0.480.540.560.680.180.530.560.490.590.52
0.910.940.080.80.90.96-0.810.870.860.820.980.520.920.780.89-0.650.980.840.90.90.890.850.940.960.82
0.960.870.130.860.960.9-0.770.910.970.920.920.480.920.760.96-0.560.930.90.910.840.970.940.930.970.78
0.840.550.450.590.870.67-0.480.80.70.540.730.880.780.760.79-0.660.810.710.860.450.750.850.760.820.66
0.980.80.330.870.980.88-0.80.960.970.870.90.50.890.960.79-0.640.920.910.950.770.970.960.950.960.86
-0.67-0.44-0.2-0.41-0.7-0.520.65-0.78-0.48-0.55-0.56-0.48-0.65-0.56-0.66-0.64-0.59-0.49-0.72-0.4-0.6-0.59-0.67-0.63-0.58
0.920.910.170.810.920.97-0.770.870.90.780.990.540.980.930.810.92-0.590.860.90.870.90.910.940.970.82
0.940.830.450.990.90.76-0.750.810.930.860.820.560.840.90.710.91-0.490.860.940.790.970.840.920.940.95
0.990.780.440.890.980.8-0.750.930.910.820.850.680.90.910.860.95-0.720.90.940.730.960.910.960.970.92
0.760.99-0.130.810.730.91-0.820.690.810.850.90.180.90.840.450.77-0.40.870.790.730.810.680.840.850.75
0.980.850.320.940.960.83-0.80.910.970.930.870.530.890.970.750.97-0.60.90.970.960.810.910.950.970.9
0.950.720.330.780.970.86-0.640.940.950.760.880.560.850.940.850.96-0.590.910.840.910.680.910.910.930.76
0.970.870.290.890.960.89-0.770.940.930.840.930.490.940.930.760.95-0.670.940.920.960.840.950.910.980.91
0.980.890.270.90.970.9-0.780.920.950.870.940.590.960.970.820.96-0.630.970.940.970.850.970.930.980.89
0.880.780.530.940.850.72-0.770.780.840.760.780.520.820.780.660.86-0.580.820.950.920.750.90.760.910.89
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Allied Machinery Account Relationship Matchups

Allied Machinery fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets909.2M1.1B2.3B2.6B2.7B1.6B
Short Long Term Debt Total1.5M20.0M148.1M251.7M289.5M303.9M
Other Current Liab29.9M33.7M57.3M78.0M290.1K275.6K
Total Current Liabilities100.5M118.1M284.1M513.3M369.2M260.0M
Total Stockholder Equity777.9M935.8M1.9B2.1B2.2B1.3B
Property Plant And Equipment Net296.3M283.1M555.6M673.3M972.7M1.0B
Net Debt(247.7M)(127.2M)(206.5M)(336.5M)(302.9M)(287.7M)
Retained Earnings414.3M564.8M633.4M780.6M926.6M541.5M
Accounts Payable69.2M64.4M126.9M183.6M202.1M120.8M
Cash249.2M147.2M354.5M588.2M689.4M351.0M
Non Current Assets Total352.9M348.9M891.9M1.1B1.3B1.4B
Non Currrent Assets Other16.7M27.6M590.8M187.4M46.2M43.9M
Cash And Short Term Investments249.2M354.2M897.1M943.3M1.1B1.1B
Common Stock Shares Outstanding179.6M179.9M229.4M241.3M277.4M221.2M
Liabilities And Stockholders Equity909.2M1.1B2.3B2.6B3.0B3.2B
Non Current Liabilities Total30.8M34.7M97.9M50.9M56.1M45.4M
Inventory116.4M108.3M163.0M203.5M214.5M150.2M
Other Current Assets3.6M1.8M5.8M9.7M31.1M56.2M
Other Stockholder Equity183.6M191.0M1.0B1.0B1.2B1.3B
Total Liab131.3M152.8M382.1M564.1M425.3M305.4M
Total Current Assets556.3M739.6M1.4B1.6B1.3B950.0M
Short Term Debt1.5M20.0M100M251.7M289.5M303.9M
Intangible Assets34.1M34.4M116.7M175.5M171.4M85.7M

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Other Information on Investing in Allied Stock

Balance Sheet is a snapshot of the financial position of Allied Machinery at a specified time, usually calculated after every quarter, six months, or one year. Allied Machinery Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Allied Machinery 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 Allied currently owns. An asset can also be divided into two categories, current and non-current.