Asbury Net Receivables vs Treasury Stock Analysis

ABG Stock  USD 258.16  7.68  3.07%   
Asbury Automotive financial indicator trend analysis is way more than just evaluating Asbury Automotive prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Asbury Automotive is a good investment. Please check the relationship between Asbury Automotive Net Receivables and its Treasury Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Asbury Automotive Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Net Receivables vs Treasury Stock

Net Receivables vs Treasury Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Asbury Automotive Net Receivables account and Treasury Stock. At this time, the significance of the direction appears to have pay attention.
The correlation between Asbury Automotive's Net Receivables and Treasury Stock is -0.8. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Treasury Stock in the same time period over historical financial statements of Asbury Automotive Group, assuming nothing else is changed. The correlation between historical values of Asbury Automotive's Net Receivables and Treasury Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Asbury Automotive Group are associated (or correlated) with its Treasury Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Treasury Stock has no effect on the direction of Net Receivables i.e., Asbury Automotive's Net Receivables and Treasury Stock go up and down completely randomly.

Correlation Coefficient

-0.8
Relationship DirectionNegative 
Relationship StrengthSignificant

Net Receivables

Treasury Stock

Most indicators from Asbury Automotive's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Asbury Automotive 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 Asbury Automotive Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
At this time, Asbury Automotive's Enterprise Value Over EBITDA is most likely to decrease significantly in the upcoming years. The Asbury Automotive's current Enterprise Value Multiple is estimated to increase to 12.58, while Tax Provision is projected to decrease to roughly 153 M.
 2021 2022 2023 2024 (projected)
Gross Profit1.9B3.1B2.8B2.9B
Total Revenue9.8B15.4B14.8B15.5B

Asbury Automotive fundamental ratios Correlations

0.99-0.33-0.510.780.221.00.930.640.870.990.070.620.970.960.430.890.970.990.990.990.990.970.990.660.61
0.99-0.27-0.430.750.30.970.90.640.820.990.10.650.950.950.410.870.990.970.960.970.950.960.990.760.64
-0.33-0.270.54-0.370.18-0.36-0.46-0.37-0.3-0.240.9-0.07-0.33-0.2-0.23-0.32-0.14-0.43-0.33-0.4-0.34-0.33-0.270.09-0.03
-0.51-0.430.54-0.50.66-0.55-0.6-0.36-0.5-0.410.26-0.24-0.53-0.44-0.3-0.31-0.37-0.58-0.56-0.58-0.56-0.65-0.470.19-0.22
0.780.75-0.37-0.5-0.090.780.940.150.940.73-0.130.060.630.60.20.690.710.770.80.760.820.810.710.530.05
0.220.30.180.66-0.090.170.020.340.030.320.20.370.230.30.150.380.330.160.150.160.130.020.270.660.38
1.00.97-0.36-0.550.780.170.940.630.880.970.050.590.970.960.440.90.950.991.00.990.990.970.990.60.59
0.930.9-0.46-0.60.940.020.940.420.960.88-0.130.330.840.810.370.840.850.930.950.930.950.930.880.550.32
0.640.64-0.37-0.360.150.340.630.420.280.65-0.050.790.740.720.420.630.620.660.590.670.560.590.680.360.78
0.870.82-0.3-0.50.940.030.880.960.280.820.010.160.750.750.30.850.80.850.910.850.920.850.820.520.16
0.990.99-0.24-0.410.730.320.970.880.650.820.140.680.960.960.40.880.990.970.960.970.950.950.990.750.68
0.070.10.90.26-0.130.20.05-0.13-0.050.010.140.260.10.23-0.010.010.24-0.040.070.00.060.050.130.240.3
0.620.65-0.07-0.240.060.370.590.330.790.160.680.260.760.750.430.430.670.630.550.620.510.580.680.461.0
0.970.95-0.33-0.530.630.230.970.840.740.750.960.10.760.980.480.840.940.980.950.970.940.930.980.580.76
0.960.95-0.2-0.440.60.30.960.810.720.750.960.230.750.980.470.870.960.950.950.960.940.910.980.620.75
0.430.41-0.23-0.30.20.150.440.370.420.30.4-0.010.430.480.470.320.370.460.420.450.410.390.430.160.44
0.890.87-0.32-0.310.690.380.90.840.630.850.880.010.430.840.870.320.860.870.90.880.90.80.890.620.43
0.970.99-0.14-0.370.710.330.950.850.620.80.990.240.670.940.960.370.860.940.950.950.940.940.980.780.67
0.990.97-0.43-0.580.770.160.990.930.660.850.97-0.040.630.980.950.460.870.940.981.00.980.970.980.60.62
0.990.96-0.33-0.560.80.151.00.950.590.910.960.070.550.950.950.420.90.950.980.991.00.960.980.590.55
0.990.97-0.4-0.580.760.160.990.930.670.850.970.00.620.970.960.450.880.951.00.990.980.970.990.60.62
0.990.95-0.34-0.560.820.130.990.950.560.920.950.060.510.940.940.410.90.940.981.00.980.960.970.580.51
0.970.96-0.33-0.650.810.020.970.930.590.850.950.050.580.930.910.390.80.940.970.960.970.960.960.60.57
0.990.99-0.27-0.470.710.270.990.880.680.820.990.130.680.980.980.430.890.980.980.980.990.970.960.680.68
0.660.760.090.190.530.660.60.550.360.520.750.240.460.580.620.160.620.780.60.590.60.580.60.680.47
0.610.64-0.03-0.220.050.380.590.320.780.160.680.31.00.760.750.440.430.670.620.550.620.510.570.680.47
Click cells to compare fundamentals

Asbury Automotive Account Relationship Matchups

Asbury Automotive fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.9B3.7B8.0B8.0B10.2B10.7B
Total Stockholder Equity646.3M905.5M2.1B2.9B3.2B3.4B
Common Stock Shares Outstanding21M20.3M19.3M20.1M22.4M23.1M
Liabilities And Stockholders Equity2.9B3.7B8.0B8.0B10.2B10.7B
Inventory985M875.2M718.4M959.2M1.8B1.9B
Other Stockholder Equity(445.7M)(438.2M)234.5M218.6M221.1M130.7M
Total Liab2.3B2.8B5.9B5.1B6.9B7.3B
Total Current Assets1.6B1.4B1.9B1.9B3.1B3.2B
Other Current Liab100.9M160.4M327.8M308.1M236.4M119.3M
Total Current Liabilities1.2B1.2B1.6B1.0B2.9B3.0B
Other Liab55.5M74.1M524.4M649.3M746.7M784.0M
Accounts Payable81.7M97.6M163.9M147.4M155.6M163.4M
Cash3.5M1.4M178.9M235.3M45.7M55.6M
Long Term Debt907M1.2B3.5B3.2B3.1B3.3B
Good Will201.7M562.2M2.3B1.8B2.0B2.1B
Short Term Investments600K11M1.1M5.4M6.2M3.3M
Other Current Assets90.4M191.7M551.6M263.8M658.2M691.1M
Intangible Assets121.7M425.2M1.3B1.8B2.1B2.2B
Property Plant Equipment909.7M956.2M2.0B1.9B2.2B2.3B
Short Long Term Debt Total1.9B2.4B4.6B3.7B5.5B5.8B
Property Plant And Equipment Net975.3M1.3B2.3B2.2B2.6B2.7B
Net Debt1.9B2.4B4.4B3.5B5.4B5.7B
Retained Earnings1.1B1.3B1.9B2.6B3.0B3.1B
Non Current Assets Total1.3B2.3B6.1B6.1B7.1B7.5B
Cash And Short Term Investments3.5M1.4M189.9M240.7M51.9M57.1M
Net Receivables348M337.4M469.5M446.1M564.7M298.6M
Non Current Liabilities Total1.0B1.5B4.3B4.1B4.0B4.2B
Property Plant And Equipment Gross975.3M1.3B2.6B1.9B3.0B3.1B
Accumulated Other Comprehensive Income(2.9M)(5.6M)(700K)74.4M61.1M64.2M
Short Term Debt921.3M896.3M799.1M253.6M2.1B2.2B
Treasury Stock(1.0B)(1.0B)(1.0B)(1.1B)(956.7M)(908.9M)
Current Deferred Revenue143.1M8.7M217.7M256M272.9M286.5M
Net Tangible Assets375.5M214.8M306.6M3.6B4.2B4.4B
Retained Earnings Total Equity1.1B1.3B1.9B2.6B3.0B3.2B
Long Term Debt Total907M1.2B3.5B3.2B3.7B3.9B

Currently Active Assets on Macroaxis

When determining whether Asbury Automotive is a strong investment it is important to analyze Asbury Automotive's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Asbury Automotive's future performance. For an informed investment choice regarding Asbury Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Asbury Automotive Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Is Automotive Retail 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 Asbury Automotive. If investors know Asbury 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 Asbury Automotive 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
(0.22)
Earnings Share
17.81
Revenue Per Share
815.614
Quarterly Revenue Growth
0.156
Return On Assets
0.0663
The market value of Asbury Automotive is measured differently than its book value, which is the value of Asbury that is recorded on the company's balance sheet. Investors also form their own opinion of Asbury Automotive's value that differs from its market value or its book value, called intrinsic value, which is Asbury Automotive'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 Asbury Automotive's market value can be influenced by many factors that don't directly affect Asbury Automotive'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 Asbury Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine if Asbury Automotive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Asbury Automotive'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.