ATI Average Inventory vs Free Cash Flow Yield Analysis

AAT Stock

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

Average Inventory vs Free Cash Flow Yield

Average Inventory vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ATI AirTest Technologies Average Inventory account and Free Cash Flow Yield. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between ATI AirTest's Average Inventory and Free Cash Flow Yield is -0.18. Overlapping area represents the amount of variation of Average Inventory that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of ATI AirTest Technologies, assuming nothing else is changed. The correlation between historical values of ATI AirTest's Average Inventory and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Inventory of ATI AirTest Technologies are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Average Inventory i.e., ATI AirTest's Average Inventory and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.18

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Average Inventory

The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from ATI AirTest's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ATI AirTest Technologies 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 ATI AirTest Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Enterprise Value is likely to climb to about 6.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.4 M in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	2.1M	2.4M	2.1M	2.2M
Depreciation And Amortization	34.6K	33.7K	30.3K	22.0K

Total Revenue Depreciation And Amortization

ATI AirTest fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Other Liab	Net Tangible Assets
Total Assets		-0.17	-0.28	-0.01	0.3	0.24	0.11	-0.18	-0.06	0.22	0.13	0.45	0.39	0.28	-0.06	-0.68	-0.35	-0.13	0.92	0.18	-0.26	-0.07	0.83	-0.07	-0.05	-0.14
Short Long Term Debt Total	-0.17		-0.06	0.15	-0.41	-0.09	0.38	0.98	-0.5	0.07	-0.11	-0.56	-0.57	-0.24	0.27	-0.12	0.68	0.87	0.11	0.02	-0.17	0.4	0.15	-0.43	-0.83	-0.14
Other Current Liab	-0.28	-0.06		0.56	-0.61	0.36	0.43	-0.1	-0.27	0.08	0.2	-0.03	-0.13	0.26	-0.49	0.13	-0.12	0.22	-0.22	0.06	-0.37	0.54	-0.29	-0.45	-0.22	-0.59
Total Current Liabilities	-0.01	0.15	0.56		-0.87	0.68	0.8	0.16	-0.75	0.73	-0.11	-0.25	-0.44	-0.13	-0.18	-0.1	-0.08	0.36	0.17	0.42	-0.57	0.95	0.15	-0.52	-0.39	-0.89
Total Stockholder Equity	0.3	-0.41	-0.61	-0.87		-0.54	-0.84	-0.43	0.8	-0.46	0.19	0.45	0.62	0.29	0.24	0.04	-0.11	-0.61	0.06	-0.35	0.55	-0.92	0.06	0.62	0.6	0.85
Property Plant And Equipment Net	0.24	-0.09	0.36	0.68	-0.54		0.6	0.01	-0.37	0.34	-0.47	0.33	0.08	-0.24	-0.57	-0.04	-0.63	0.28	0.21	0.67	-0.61	0.66	0.07	-0.63	-0.3	-0.75
Current Deferred Revenue	0.11	0.38	0.43	0.8	-0.84	0.6		0.42	-0.77	0.54	-0.26	-0.24	-0.43	-0.32	-0.28	-0.39	0.03	0.59	0.32	0.4	-0.81	0.85	0.26	-0.69	-0.69	-0.88
Net Debt	-0.18	0.98	-0.1	0.16	-0.43	0.01	0.42		-0.5	0.09	-0.31	-0.52	-0.55	-0.39	0.2	-0.1	0.6	0.88	0.08	0.18	-0.22	0.41	0.12	-0.47	-0.83	-0.16
Retained Earnings	-0.06	-0.5	-0.27	-0.75	0.8	-0.37	-0.77	-0.5		-0.71	0.13	0.65	0.8	0.13	-0.15	0.34	-0.28	-0.55	-0.4	-0.4	0.38	-0.79	-0.47	0.46	0.63	0.68
Accounts Payable	0.22	0.07	0.08	0.73	-0.46	0.34	0.54	0.09	-0.71		-0.12	-0.4	-0.52	-0.1	0.3	-0.21	0.17	0.11	0.43	0.45	-0.29	0.64	0.5	-0.2	-0.19	-0.48
Cash	0.13	-0.11	0.2	-0.11	0.19	-0.47	-0.26	-0.31	0.13	-0.12		-0.05	0.06	0.79	0.28	-0.15	0.22	-0.25	0.12	-0.8	0.24	-0.17	0.17	0.29	0.18	0.1
Non Current Assets Total	0.45	-0.56	-0.03	-0.25	0.45	0.33	-0.24	-0.52	0.65	-0.4	-0.05		0.97	0.03	-0.62	0.05	-0.72	-0.34	0.09	0.09	-0.22	-0.31	-0.11	-0.05	0.34	0.03
Non Currrent Assets Other	0.39	-0.57	-0.13	-0.44	0.62	0.08	-0.43	-0.55	0.8	-0.52	0.06	0.97		0.1	-0.5	0.11	-0.59	-0.43	0.01	-0.08	-0.06	-0.5	-0.17	0.12	0.45	0.24
Cash And Short Term Investments	0.28	-0.24	0.26	-0.13	0.29	-0.24	-0.32	-0.39	0.13	-0.1	0.79	0.03	0.1		0.29	-0.18	-0.03	-0.35	0.23	-0.56	0.3	-0.22	0.29	0.33	0.24	0.17
Net Receivables	-0.06	0.27	-0.49	-0.18	0.24	-0.57	-0.28	0.2	-0.15	0.3	0.28	-0.62	-0.5	0.29		-0.05	0.63	-0.13	0.1	-0.39	0.47	-0.2	0.32	0.52	0.09	0.47
Good Will	-0.68	-0.12	0.13	-0.1	0.04	-0.04	-0.39	-0.1	0.34	-0.21	-0.15	0.05	0.11	-0.18	-0.05		0.09	-0.05	-0.77	-0.02	0.27	-0.06	-0.78	0.07	0.28	0.24
Common Stock Shares Outstanding	-0.35	0.68	-0.12	-0.08	-0.11	-0.63	0.03	0.6	-0.28	0.17	0.22	-0.72	-0.59	-0.03	0.63	0.09		0.4	-0.09	-0.32	0.14	0.07	0.06	0.05	-0.35	0.22
Non Current Liabilities Total	-0.13	0.87	0.22	0.36	-0.61	0.28	0.59	0.88	-0.55	0.11	-0.25	-0.34	-0.43	-0.35	-0.13	-0.05	0.4		0.1	0.27	-0.49	0.62	0.06	-0.81	-0.96	-0.45
Inventory	0.92	0.11	-0.22	0.17	0.06	0.21	0.32	0.08	-0.4	0.43	0.12	0.09	0.01	0.23	0.1	-0.77	-0.09	0.1		0.22	-0.28	0.15	0.97	-0.19	-0.3	-0.26
Other Current Assets	0.18	0.02	0.06	0.42	-0.35	0.67	0.4	0.18	-0.4	0.45	-0.8	0.09	-0.08	-0.56	-0.39	-0.02	-0.32	0.27	0.22		-0.37	0.44	0.15	-0.47	-0.24	-0.4
Other Stockholder Equity	-0.26	-0.17	-0.37	-0.57	0.55	-0.61	-0.81	-0.22	0.38	-0.29	0.24	-0.22	-0.06	0.3	0.47	0.27	0.14	-0.49	-0.28	-0.37		-0.63	-0.15	0.75	0.58	0.78
Total Liab	-0.07	0.4	0.54	0.95	-0.92	0.66	0.85	0.41	-0.79	0.64	-0.17	-0.31	-0.5	-0.22	-0.2	-0.06	0.07	0.62	0.15	0.44	-0.63		0.12	-0.7	-0.63	-0.88
Total Current Assets	0.83	0.15	-0.29	0.15	0.06	0.07	0.26	0.12	-0.47	0.5	0.17	-0.11	-0.17	0.29	0.32	-0.78	0.06	0.06	0.97	0.15	-0.15	0.12		-0.05	-0.26	-0.17
Short Term Debt	-0.07	-0.43	-0.45	-0.52	0.62	-0.63	-0.69	-0.47	0.46	-0.2	0.29	-0.05	0.12	0.33	0.52	0.07	0.05	-0.81	-0.19	-0.47	0.75	-0.7	-0.05		0.82	0.69
Other Liab	-0.05	-0.83	-0.22	-0.39	0.6	-0.3	-0.69	-0.83	0.63	-0.19	0.18	0.34	0.45	0.24	0.09	0.28	-0.35	-0.96	-0.3	-0.24	0.58	-0.63	-0.26	0.82		0.51
Net Tangible Assets	-0.14	-0.14	-0.59	-0.89	0.85	-0.75	-0.88	-0.16	0.68	-0.48	0.1	0.03	0.24	0.17	0.47	0.24	0.22	-0.45	-0.26	-0.4	0.78	-0.88	-0.17	0.69	0.51

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ATI AirTest Account Relationship Matchups

ATI AirTest fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	629.8K	615.0K	1.1M	1.7M	1.9M	2.0M
Short Long Term Debt Total	1.8M	1.7M	1.9M	1.8M	2.1M	1.8M
Other Current Liab	4.8K	2.5M	908.2K	155.0K	178.2K	169.3K
Total Current Liabilities	4.7M	7.2M	5.6M	5.0M	5.8M	3.8M
Total Stockholder Equity	(5.3M)	(7.8M)	(5.8M)	(4.4M)	(4.0M)	(4.2M)
Property Plant And Equipment Net	199.0K	186.9K	152.3K	118.7K	106.8K	54.8K
Current Deferred Revenue	2.7M	2.9M	2.4M	2.2M	2.6M	2.7M
Net Debt	2.0M	1.6M	2.0M	1.8M	2.1M	1.8M
Retained Earnings	(15.7M)	(18.6M)	(19.9M)	(20.3M)	(18.3M)	(19.2M)
Accounts Payable	1.4M	1.4M	1.8M	1.9M	2.2M	1.3M
Cash	(218.5K)	76.0K	(162.9K)	16.3K	14.7K	15.4K
Non Current Assets Total	199.0K	186.9K	152.3K	118.7K	106.8K	95.4K
Net Receivables	281.6K	164.4K	181.0K	453.5K	521.5K	328.9K
Common Stock Shares Outstanding	9.9M	11.0M	19.3M	24.2M	27.8M	16.3M
Liabilities And Stockholders Equity	629.8K	615.0K	1.1M	1.7M	1.9M	2.0M
Non Current Liabilities Total	1.2M	1.2M	1.3M	1.1M	1.2M	808.9K
Inventory	141.2K	158.4K	543.6K	985.6K	1.1M	1.2M
Other Current Assets	226.6K	29.3K	397.5K	94.8K	109.1K	64.2K
Other Stockholder Equity	(806.8K)	(942.7K)	275K	90K	81K	77.0K
Total Liab	5.9M	8.4M	6.9M	6.1M	7.0M	4.3M
Total Current Assets	430.8K	428.1K	959.3K	1.6M	1.8M	1.9M
Short Term Debt	625.6K	525.3K	547.6K	730.3K	657.3K	937.3K
Accumulated Other Comprehensive Income	508.4K	690.6K	1.4M	1.7M	1.9M	2.0M
Net Tangible Assets	(5.3M)	(5.3M)	(7.8M)	(5.8M)	(5.2M)	(5.5M)
Short Long Term Debt	587.6K	506.0K	516.0K	696.8K	627.1K	837.5K
Common Stock	9.9M	10.1M	12.4M	14.1M	16.2M	11.4M
Property Plant Equipment	2.7K	199.0K	186.9K	152.3K	175.2K	184.0K
Net Invested Capital	(3.7M)	(6.3M)	(4.1M)	(2.7M)	(2.5M)	(2.6M)
Net Working Capital	(4.3M)	(6.8M)	(4.7M)	(3.5M)	(3.1M)	(3.3M)
Capital Stock	9.9M	10.1M	12.4M	14.1M	16.2M	12.4M

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