AAON Accumulated Depreciation vs Total Liab Analysis
AAON Stock | USD 137.42 1.86 1.37% |
AAON financial indicator trend analysis is way more than just evaluating AAON Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AAON Inc is a good investment. Please check the relationship between AAON Accumulated Depreciation and its Total Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AAON Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
Accumulated Depreciation vs Total Liab
Accumulated Depreciation vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AAON Inc Accumulated Depreciation account and Total Liab. At this time, the significance of the direction appears to have pay attention.
The correlation between AAON's Accumulated Depreciation and Total Liab is -0.84. Overlapping area represents the amount of variation of Accumulated Depreciation that can explain the historical movement of Total Liab in the same time period over historical financial statements of AAON Inc, assuming nothing else is changed. The correlation between historical values of AAON's Accumulated Depreciation and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accumulated Depreciation of AAON Inc are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Accumulated Depreciation i.e., AAON's Accumulated Depreciation and Total Liab go up and down completely randomly.
Correlation Coefficient | -0.84 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Accumulated Depreciation
Accumulated depreciation is the total amount of depreciation for AAON Inc fixed asset that has been charged to AAON expense since that asset was acquired and made available for AAON use. The accumulated depreciation account is AAON Inc asset account with a credit balance. It is also known as a contra asset account and appears on the balance sheet as a reduction from the gross amount of fixed assets reported by AAON Inc.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from AAON's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AAON Inc 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 AAON Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. At this time, AAON's Selling General Administrative is very stable compared to the past year. As of the 25th of November 2024, Enterprise Value Over EBITDA is likely to grow to 23.10, while Tax Provision is likely to drop about 24.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 137.8M | 237.6M | 399.0M | 419.0M | Total Revenue | 534.5M | 888.8M | 1.2B | 1.2B |
AAON fundamental ratios Correlations
Click cells to compare fundamentals
AAON Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AAON fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 371.4M | 449.0M | 650.2M | 813.9M | 941.4M | 988.5M | |
Other Current Liab | 3.3M | 2.6M | 56.2M | 86.3M | 96.1M | 100.9M | |
Total Current Liabilities | 56.0M | 59.0M | 86.8M | 145.6M | 126.7M | 133.1M | |
Total Stockholder Equity | 290.1M | 350.9M | 466.2M | 560.7M | 735.2M | 772.0M | |
Property Plant And Equipment Net | 179.8M | 224.9M | 275.0M | 311.9M | 381.7M | 400.8M | |
Net Debt | (20.5M) | (72.7M) | 38.7M | 72.8M | 50.3M | 52.8M | |
Retained Earnings | 286.3M | 345.5M | 384.3M | 461.7M | 612.8M | 643.5M | |
Accounts Payable | 11.8M | 12.4M | 29.0M | 45.5M | 27.5M | 28.9M | |
Cash | 26.8M | 79.0M | 2.9M | 5.5M | 287K | 272.7K | |
Non Current Assets Total | 183.9M | 228.8M | 432.1M | 464.8M | 532.5M | 559.1M | |
Cash And Short Term Investments | 26.8M | 79.0M | 2.9M | 5.5M | 287K | 272.7K | |
Net Receivables | 68.2M | 52.0M | 82.3M | 142.3M | 183.3M | 192.5M | |
Common Stock Shares Outstanding | 79.0M | 79.6M | 80.6M | 81.1M | 83.3M | 52.0M | |
Liabilities And Stockholders Equity | 371.4M | 449.0M | 650.2M | 813.9M | 941.4M | 988.5M | |
Non Current Liabilities Total | 25.3M | 39.1M | 97.2M | 107.6M | 79.5M | 83.4M | |
Inventory | 73.6M | 82.2M | 130.3M | 198.9M | 213.5M | 224.2M | |
Other Current Assets | 19.0M | 7.0M | 2.7M | 2.4M | 11.8M | 12.4M | |
Other Stockholder Equity | 3.6M | 5.2M | 81.7M | 98.7M | 122.1M | 128.2M | |
Total Liab | 81.3M | 98.1M | 184.0M | 253.2M | 206.2M | 216.5M | |
Property Plant And Equipment Gross | 179.8M | 224.9M | 482.2M | 556.9M | 665.2M | 698.5M | |
Total Current Assets | 187.5M | 220.3M | 218.1M | 349.1M | 409.0M | 429.4M | |
Short Term Debt | 36.4M | 38.9M | 1.6M | 1.3M | 2.0M | 1.9M | |
Non Currrent Assets Other | (12.5M) | (12.4M) | 1.2M | 6.4M | 816K | 856.8K | |
Intangible Assets | 272K | 38K | 70.1M | 64.6M | 68.1M | 71.5M | |
Property Plant Equipment | 178.1M | 223.3M | 275.0M | 311.9M | 358.6M | 376.6M | |
Current Deferred Revenue | 4.6M | 5.1M | 13.5M | 25.2M | 16.4M | 10.1M | |
Other Liab | 25.3M | 37.5M | 57.2M | 30.6M | 35.2M | 18.0M | |
Net Tangible Assets | 286.6M | 347.6M | 310.3M | 414.2M | 476.3M | 259.0M | |
Other Assets | 597K | 579K | 1.2M | 6.4M | 7.4M | 7.8M | |
Retained Earnings Total Equity | 247.3M | 286.3M | 345.5M | 384.3M | 442.0M | 248.3M | |
Deferred Long Term Liab | 12.5M | 15.3M | 28.3M | 32.0M | 36.8M | 38.6M | |
Long Term Investments | 678K | 598K | 597K | 579K | 521.1K | 495.0K |
Pair Trading with AAON
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 AAON 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 AAON will appreciate offsetting losses from the drop in the long position's value.Moving together with AAON Stock
0.74 | NX | Quanex Building Products Fiscal Year End 12th of December 2024 | PairCorr |
0.92 | OC | Owens Corning | PairCorr |
0.89 | TT | Trane Technologies plc | PairCorr |
0.62 | ANSLY | Ansell Ltd ADR | PairCorr |
Moving against AAON Stock
0.81 | ASPN | Aspen Aerogels | PairCorr |
0.8 | JBI | Janus International | PairCorr |
0.8 | AEHL | Antelope Enterprise | PairCorr |
0.63 | APT | Alpha Pro Tech | PairCorr |
0.6 | JELD | Jeld Wen Holding | PairCorr |
The ability to find closely correlated positions to AAON could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AAON 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 AAON - 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 AAON Inc to buy it.
The correlation of AAON 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 AAON moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AAON Inc 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 AAON 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AAON Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Is Building Products space 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 AAON. If investors know AAON 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 AAON 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 (0.69) | Dividend Share 0.32 | Earnings Share 2.28 | Revenue Per Share 14.862 | Quarterly Revenue Growth 0.168 |
The market value of AAON Inc is measured differently than its book value, which is the value of AAON that is recorded on the company's balance sheet. Investors also form their own opinion of AAON's value that differs from its market value or its book value, called intrinsic value, which is AAON'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 AAON's market value can be influenced by many factors that don't directly affect AAON'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 AAON's value and its price as these two are different measures arrived at by different means. Investors typically determine if AAON is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AAON'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.