Airgain Roic vs Inventory Turnover Analysis

AIRG Stock

USD 3.75 0.27 6.72%

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

For more detail on how to invest in Airgain Stock please use our How to Invest in Airgain guide.

Roic vs Inventory Turnover

Roic vs Inventory Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Airgain Roic account and Inventory Turnover. At this time, the significance of the direction appears to have strong relationship.

The correlation between Airgain's Roic and Inventory Turnover is 0.73. Overlapping area represents the amount of variation of Roic that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of Airgain, assuming nothing else is changed. The correlation between historical values of Airgain's Roic and Inventory Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roic of Airgain are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Roic i.e., Airgain's Roic and Inventory Turnover go up and down completely randomly.

Correlation Coefficient

0.73

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

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

For more detail on how to invest in Airgain Stock please use our How to Invest in Airgain guide.The Airgain's current Issuance Of Capital Stock is estimated to increase to about 4.6 M, while Selling General Administrative is projected to decrease to roughly 9 M.

	2022	2023	2024	2025 (projected)
Gross Profit	28.0M	20.8M	24.8M	21.6M
Total Revenue	75.9M	56.0M	60.6M	51.7M

Gross Profit Total Revenue

Airgain fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Non Current Liabilities Total	Short Term Debt	Other Liab	Net Tangible Assets	Good Will	Common Stock Total Equity
Total Assets		0.69	0.78	0.98	0.61	-0.62	-0.32	0.62	0.67	0.73	-0.32	0.32	0.74	0.81	0.87	0.7	0.71	0.92	0.51	0.28	0.17	0.41	-0.92	0.95	0.58	0.51
Other Current Liab	0.69		0.87	0.58	0.55	-0.29	-0.17	0.39	0.35	0.67	-0.64	0.14	0.32	0.68	0.53	0.3	0.83	0.53	0.41	0.45	0.35	0.46	-0.58	0.48	0.47	0.43
Total Current Liabilities	0.78	0.87		0.65	0.8	-0.22	-0.54	0.77	0.31	0.92	-0.65	0.06	0.24	0.89	0.73	0.45	0.98	0.52	0.68	0.62	0.51	0.62	-0.78	0.59	0.77	0.69
Total Stockholder Equity	0.98	0.58	0.65		0.5	-0.69	-0.22	0.52	0.71	0.62	-0.22	0.37	0.82	0.72	0.83	0.72	0.56	0.96	0.42	0.13	0.03	0.31	-0.88	0.99	0.47	0.42
Property Plant And Equipment Net	0.61	0.55	0.8	0.5		0.0	-0.87	0.83	0.13	0.87	-0.48	0.14	-0.04	0.81	0.71	0.6	0.8	0.31	0.92	0.44	0.63	0.27	-0.72	0.48	0.97	0.93
Net Debt	-0.62	-0.29	-0.22	-0.69	0.0		-0.19	-0.05	-0.98	-0.09	-0.05	-0.58	-0.86	-0.13	-0.32	-0.42	-0.17	-0.78	-0.09	-0.04	0.14	-0.16	0.41	-0.69	0.07	-0.09
Retained Earnings	-0.32	-0.17	-0.54	-0.22	-0.87	-0.19		-0.83	0.06	-0.68	0.17	0.0	0.28	-0.62	-0.49	-0.38	-0.57	-0.03	-0.87	-0.4	-0.62	-0.16	0.52	-0.27	-0.92	-0.87
Accounts Payable	0.62	0.39	0.77	0.52	0.83	-0.05	-0.83		0.13	0.85	-0.31	-0.04	0.08	0.89	0.72	0.51	0.78	0.35	0.75	0.51	0.5	0.35	-0.72	0.55	0.86	0.75
Cash	0.67	0.35	0.31	0.71	0.13	-0.98	0.06	0.13		0.16	0.03	0.56	0.83	0.2	0.38	0.42	0.28	0.81	0.2	0.18	0.05	0.22	-0.5	0.72	0.05	0.2
Non Current Assets Total	0.73	0.67	0.92	0.62	0.87	-0.09	-0.68	0.85	0.16		-0.66	0.09	0.1	0.88	0.78	0.6	0.88	0.4	0.81	0.45	0.39	0.56	-0.78	0.57	0.88	0.81
Non Currrent Assets Other	-0.32	-0.64	-0.65	-0.22	-0.48	-0.05	0.17	-0.31	0.03	-0.66		0.09	0.14	-0.44	-0.22	-0.24	-0.6	-0.06	-0.41	-0.25	-0.15	-0.48	0.24	-0.1	-0.44	-0.42
Other Assets	0.32	0.14	0.06	0.37	0.14	-0.58	0.0	-0.04	0.56	0.09	0.09		0.39	0.0	0.3	0.55	0.02	0.38	0.38	-0.16	-0.1	-0.17	-0.24	0.37	0.06	0.38
Cash And Short Term Investments	0.74	0.32	0.24	0.82	-0.04	-0.86	0.28	0.08	0.83	0.1	0.14	0.39		0.29	0.5	0.45	0.16	0.93	-0.09	-0.02	-0.22	0.14	-0.56	0.82	-0.09	-0.09
Net Receivables	0.81	0.68	0.89	0.72	0.81	-0.13	-0.62	0.89	0.2	0.88	-0.44	0.0	0.29		0.84	0.58	0.85	0.58	0.65	0.42	0.38	0.37	-0.82	0.71	0.81	0.65
Common Stock Shares Outstanding	0.87	0.53	0.73	0.83	0.71	-0.32	-0.49	0.72	0.38	0.78	-0.22	0.3	0.5	0.84		0.75	0.7	0.71	0.61	0.34	0.3	0.39	-0.92	0.81	0.68	0.6
Other Current Assets	0.7	0.3	0.45	0.72	0.6	-0.42	-0.38	0.51	0.42	0.6	-0.24	0.55	0.45	0.58	0.75		0.38	0.6	0.62	-0.03	0.03	0.04	-0.73	0.71	0.54	0.61
Total Liab	0.71	0.83	0.98	0.56	0.8	-0.17	-0.57	0.78	0.28	0.88	-0.6	0.02	0.16	0.85	0.7	0.38		0.44	0.67	0.75	0.64	0.63	-0.74	0.49	0.75	0.68
Total Current Assets	0.92	0.53	0.52	0.96	0.31	-0.78	-0.03	0.35	0.81	0.4	-0.06	0.38	0.93	0.58	0.71	0.6	0.44		0.22	0.12	0.01	0.22	-0.78	0.95	0.26	0.22
Common Stock	0.51	0.41	0.68	0.42	0.92	-0.09	-0.87	0.75	0.2	0.81	-0.41	0.38	-0.09	0.65	0.61	0.62	0.67	0.22		0.33	0.49	0.24	-0.61	0.42	0.92	1.0
Short Long Term Debt Total	0.28	0.45	0.62	0.13	0.44	-0.04	-0.4	0.51	0.18	0.45	-0.25	-0.16	-0.02	0.42	0.34	-0.03	0.75	0.12	0.33		0.85	0.66	-0.43	0.09	0.38	0.33
Non Current Liabilities Total	0.17	0.35	0.51	0.03	0.63	0.14	-0.62	0.5	0.05	0.39	-0.15	-0.1	-0.22	0.38	0.3	0.03	0.64	0.01	0.49	0.85		0.3	-0.38	0.01	0.54	0.51
Short Term Debt	0.41	0.46	0.62	0.31	0.27	-0.16	-0.16	0.35	0.22	0.56	-0.48	-0.17	0.14	0.37	0.39	0.04	0.63	0.22	0.24	0.66	0.3		-0.45	0.23	0.3	0.23
Other Liab	-0.92	-0.58	-0.78	-0.88	-0.72	0.41	0.52	-0.72	-0.5	-0.78	0.24	-0.24	-0.56	-0.82	-0.92	-0.73	-0.74	-0.78	-0.61	-0.43	-0.38	-0.45		-0.86	-0.7	-0.61
Net Tangible Assets	0.95	0.48	0.59	0.99	0.48	-0.69	-0.27	0.55	0.72	0.57	-0.1	0.37	0.82	0.71	0.81	0.71	0.49	0.95	0.42	0.09	0.01	0.23	-0.86		0.47	0.42
Good Will	0.58	0.47	0.77	0.47	0.97	0.07	-0.92	0.86	0.05	0.88	-0.44	0.06	-0.09	0.81	0.68	0.54	0.75	0.26	0.92	0.38	0.54	0.3	-0.7	0.47		0.92
Common Stock Total Equity	0.51	0.43	0.69	0.42	0.93	-0.09	-0.87	0.75	0.2	0.81	-0.42	0.38	-0.09	0.65	0.6	0.61	0.68	0.22	1.0	0.33	0.51	0.23	-0.61	0.42	0.92

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Airgain Account Relationship Matchups

Airgain fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	54.9M	66.4M	54.4M	42.2M	48.4M	44.1M
Other Current Liab	3.4M	12.1M	3.3M	1.4M	3.7M	3.8M
Total Current Liabilities	6.9M	19.9M	12.9M	10.0M	13.5M	9.7M
Total Stockholder Equity	47.7M	44.2M	39.8M	31.4M	31.0M	32.9M
Property Plant And Equipment Net	2.4M	5.5M	5.0M	3.9M	5.9M	6.2M
Net Debt	(37.9M)	(11.4M)	(9.5M)	(6.3M)	(4.6M)	(4.8M)
Retained Earnings	(47.3M)	(57.4M)	(66.1M)	(78.5M)	(87.2M)	(82.8M)
Accounts Payable	3.0M	5.5M	6.5M	6.5M	9.5M	4.8M
Cash	38.2M	14.5M	11.9M	7.9M	8.5M	15.2M
Non Current Assets Total	9.5M	30.9M	27.2M	23.1M	22.6M	13.2M
Non Currrent Assets Other	249K	(3.6M)	(3.1M)	170K	74K	77.7K
Other Assets	10K	2.9M	352K	216K	248.4K	488.2K
Cash And Short Term Investments	38.2M	14.5M	11.9M	7.9M	8.5M	8.1M
Net Receivables	4.8M	10.8M	8.7M	7.4M	11.7M	7.2M
Common Stock Shares Outstanding	9.7M	10.0M	10.2M	10.4M	11.1M	8.3M
Liabilities And Stockholders Equity	54.9M	66.4M	54.4M	42.2M	48.4M	44.1M
Other Current Assets	2.9M	1.3M	2.3M	1.4M	1.7M	1.3M
Total Liab	7.2M	22.2M	14.6M	10.8M	17.5M	11.2M
Total Current Assets	45.4M	35.5M	27.2M	19.1M	25.8M	30.8M
Common Stock	100.4M	107.0M	111.3M	115.3M	123.5M	129.7M
Short Long Term Debt Total	310K	3.1M	2.4M	1.5M	3.9M	2.1M
Non Current Liabilities Total	329K	2.3M	1.7M	825K	4.0M	4.2M
Short Term Debt	39K	1.7M	1.8M	1.7M	178K	169.1K
Other Liab	63K	329K	109K	139K	125.1K	118.8K
Net Tangible Assets	40.4M	40.9M	19.1M	17.8M	20.4M	17.0M
Common Stock Total Equity	995.0	1K	100.4M	111.3M	128.0M	134.4M
Inventory	1.0M	8.9M	4.2M	2.4M	4.0M	2.4M
Other Stockholder Equity	90.2M	92.0M	(5.3M)	(5.4M)	(4.8M)	(4.6M)
Property Plant And Equipment Gross	2.4M	5.5M	5.0M	8.9M	11.4M	11.9M
Accumulated Other Comprehensive Income	(11.1K)	8K	0.0	3K	(4K)	(4.2K)
Intangible Assets	3.2M	14.2M	11.2M	8.2M	5.8M	6.6M
Property Plant Equipment	2.1M	2.4M	5.5M	2.8M	3.2M	2.2M
Retained Earnings Total Equity	(45.0M)	(44.1M)	(47.3M)	(66.1M)	(59.5M)	(62.5M)
Treasury Stock	(3.4M)	(4.7M)	(5.3M)	(5.4M)	(4.8M)	(5.1M)
Capital Lease Obligations	310K	3.1M	2.4M	1.5M	3.9M	4.1M

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When determining whether Airgain is a strong investment it is important to analyze Airgain'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 Airgain's future performance. For an informed investment choice regarding Airgain Stock, refer to the following important reports:

How To Invest In Airgain

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Is Airgain Stock a good investment?

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What is Airgain's Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Airgain. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more detail on how to invest in Airgain Stock please use our How to Invest in Airgain guide.

You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Is Electronic Equipment, Instruments & Components 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 Airgain. If investors know Airgain 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 Airgain 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

(1.00)

Earnings Share

(0.79)

Revenue Per Share

5.483

Quarterly Revenue Growth

0.498

Return On Assets

(0.12)

The market value of Airgain is measured differently than its book value, which is the value of Airgain that is recorded on the company's balance sheet. Investors also form their own opinion of Airgain's value that differs from its market value or its book value, called intrinsic value, which is Airgain'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 Airgain's market value can be influenced by many factors that don't directly affect Airgain'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 Airgain's value and its price as these two are different measures arrived at by different means. Investors typically determine if Airgain is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Airgain'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.

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Airgain Roic vs Inventory Turnover Analysis

Roic vs Inventory Turnover

Roic vs Inventory Turnover Correlation Analysis

Correlation Coefficient

Roic

Inventory Turnover

Airgain fundamental ratios Correlations

Airgain Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Airgain fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock Total Equity	+ 1.0	Common Stock
Net Tangible Assets	+ 0.99	Total Stockholder Equity
Total Stockholder Equity	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Current Liabilities
Good Will	+ 0.97	Property Plant And Equipment Net
Total Current Assets	+ 0.96	Total Stockholder Equity

Cash	- 0.98	Net Debt
Other Liab	- 0.92	Common Stock Shares Outstanding
Good Will	- 0.92	Retained Earnings
Other Liab	- 0.92	Total Assets
Other Liab	- 0.88	Total Stockholder Equity
Common Stock Total Equity	- 0.87	Retained Earnings