Akoustis Free Cash Flow Yield vs Average Inventory Analysis

AKTS Stock

USD 0.1 0.0002 0.20%

Akoustis Technologies financial indicator trend analysis is way more than just evaluating Akoustis Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Akoustis Technologies is a good investment. Please check the relationship between Akoustis Technologies Free Cash Flow Yield and its Average Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Akoustis 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 estimate.

For more information on how to buy Akoustis Stock please use our How to Invest in Akoustis Technologies guide.

Free Cash Flow Yield vs Average Inventory

Free Cash Flow Yield vs Average Inventory Correlation Analysis

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

The correlation between Akoustis Technologies' Free Cash Flow Yield and Average Inventory is -0.19. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Average Inventory in the same time period over historical financial statements of Akoustis Technologies, assuming nothing else is changed. The correlation between historical values of Akoustis Technologies' Free Cash Flow Yield and Average Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Akoustis Technologies are associated (or correlated) with its Average Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Inventory has no effect on the direction of Free Cash Flow Yield i.e., Akoustis Technologies' Free Cash Flow Yield and Average Inventory go up and down completely randomly.

Correlation Coefficient

-0.19

Relationship Direction	Negative
Relationship Strength	Insignificant

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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.

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.

Most indicators from Akoustis Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Akoustis 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 Akoustis 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 estimate.

For more information on how to buy Akoustis Stock please use our How to Invest in Akoustis Technologies guide.At this time, Akoustis Technologies' Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to 6,300 in 2024, whereas Enterprise Value Over EBITDA is likely to drop (2.4 K) in 2024.

Akoustis Technologies fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Common Stock Total Equity	Non Current Liabilities Total	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Net Tangible Assets	Retained Earnings Total Equity	Common Stock Shares Outstanding	Capital Surpluse	Other Stockholder Equity	Non Current Liabilities Other	Other Current Liab	Property Plant And Equipment Net	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Other Assets
Total Assets		0.59	0.28	0.68	-0.42	-0.63	0.92	0.92	0.76	0.73	0.5	0.96	-0.18	0.58	0.9	-0.86	0.66	0.8	0.83	-0.09	0.26	0.97	0.77	0.94	0.28	0.27
Short Long Term Debt Total	0.59		0.75	-0.1	0.37	-0.85	0.38	0.38	0.85	0.92	0.88	0.46	0.49	0.84	0.45	-0.83	0.85	0.82	0.81	0.1	0.73	0.62	0.88	0.7	0.24	0.24
Total Current Liabilities	0.28	0.75		-0.49	0.49	-0.92	0.18	0.18	0.82	0.7	0.95	0.24	0.48	0.94	0.36	-0.72	0.9	0.8	0.77	-0.28	1.0	0.23	0.77	0.33	-0.08	-0.06
Total Stockholder Equity	0.68	-0.1	-0.49		-0.84	0.12	0.74	0.74	0.07	0.05	-0.29	0.71	-0.51	-0.18	0.6	-0.22	-0.08	0.13	0.17	0.1	-0.51	0.67	0.09	0.55	0.23	0.2
Net Debt	-0.42	0.37	0.49	-0.84		-0.26	-0.67	-0.67	0.11	0.28	0.44	-0.6	0.42	0.28	-0.57	-0.03	0.22	0.04	0.01	0.0	0.5	-0.31	0.18	-0.15	-0.14	-0.12
Retained Earnings	-0.63	-0.85	-0.92	0.12	-0.26		-0.48	-0.48	-0.98	-0.87	-0.97	-0.56	-0.3	-0.99	-0.63	0.93	-1.0	-0.97	-0.96	0.26	-0.91	-0.59	-0.94	-0.67	-0.04	-0.06
Cash	0.92	0.38	0.18	0.74	-0.67	-0.48		1.0	0.63	0.51	0.33	0.99	-0.22	0.45	0.95	-0.69	0.53	0.67	0.7	-0.15	0.15	0.83	0.58	0.73	0.33	0.32
Cash And Short Term Investments	0.92	0.38	0.18	0.74	-0.67	-0.48	1.0		0.63	0.51	0.33	0.99	-0.22	0.45	0.95	-0.69	0.53	0.67	0.7	-0.15	0.15	0.83	0.58	0.73	0.33	0.32
Common Stock Total Equity	0.76	0.85	0.82	0.07	0.11	-0.98	0.63	0.63		0.89	0.92	0.7	0.24	0.96	0.74	-0.98	0.99	0.99	0.99	-0.23	0.81	0.73	0.95	0.78	0.13	0.14
Non Current Liabilities Total	0.73	0.92	0.7	0.05	0.28	-0.87	0.51	0.51	0.89		0.89	0.6	0.15	0.84	0.55	-0.91	0.88	0.88	0.88	-0.12	0.68	0.76	0.94	0.83	0.34	0.34
Total Liab	0.5	0.88	0.95	-0.29	0.44	-0.97	0.33	0.33	0.92	0.89		0.41	0.37	0.97	0.47	-0.86	0.96	0.9	0.88	-0.24	0.94	0.48	0.9	0.57	0.09	0.1
Total Current Assets	0.96	0.46	0.24	0.71	-0.6	-0.56	0.99	0.99	0.7	0.6	0.41		-0.2	0.52	0.96	-0.77	0.6	0.74	0.77	-0.14	0.22	0.88	0.66	0.81	0.31	0.29
Short Term Debt	-0.18	0.49	0.48	-0.51	0.42	-0.3	-0.22	-0.22	0.24	0.15	0.37	-0.2		0.36	-0.1	-0.1	0.29	0.18	0.15	0.44	0.49	-0.18	0.15	-0.12	-0.11	-0.11
Common Stock	0.58	0.84	0.94	-0.18	0.28	-0.99	0.45	0.45	0.96	0.84	0.97	0.52	0.36		0.6	-0.9	0.99	0.95	0.93	-0.25	0.93	0.53	0.91	0.61	0.04	0.05
Net Tangible Assets	0.9	0.45	0.36	0.6	-0.57	-0.63	0.95	0.95	0.74	0.55	0.47	0.96	-0.1	0.6		-0.78	0.66	0.78	0.8	-0.21	0.34	0.78	0.66	0.73	0.17	0.17
Retained Earnings Total Equity	-0.86	-0.83	-0.72	-0.22	-0.03	0.93	-0.69	-0.69	-0.98	-0.91	-0.86	-0.77	-0.1	-0.9	-0.78		-0.94	-0.98	-0.99	0.19	-0.7	-0.83	-0.96	-0.88	-0.15	-0.15
Common Stock Shares Outstanding	0.66	0.85	0.9	-0.08	0.22	-1.0	0.53	0.53	0.99	0.88	0.96	0.6	0.29	0.99	0.66	-0.94		0.98	0.97	-0.28	0.89	0.63	0.94	0.69	0.08	0.09
Capital Surpluse	0.8	0.82	0.8	0.13	0.04	-0.97	0.67	0.67	0.99	0.88	0.9	0.74	0.18	0.95	0.78	-0.98	0.98		1.0	-0.24	0.78	0.75	0.95	0.8	0.09	0.1
Other Stockholder Equity	0.83	0.81	0.77	0.17	0.01	-0.96	0.7	0.7	0.99	0.88	0.88	0.77	0.15	0.93	0.8	-0.99	0.97	1.0		-0.23	0.75	0.78	0.95	0.82	0.11	0.11
Non Current Liabilities Other	-0.09	0.1	-0.28	0.1	0.0	0.26	-0.15	-0.15	-0.23	-0.12	-0.24	-0.14	0.44	-0.25	-0.21	0.19	-0.28	-0.24	-0.23		-0.28	-0.02	-0.2	-0.02	0.01	0.0
Other Current Liab	0.26	0.73	1.0	-0.51	0.5	-0.91	0.15	0.15	0.81	0.68	0.94	0.22	0.49	0.93	0.34	-0.7	0.89	0.78	0.75	-0.28		0.21	0.75	0.31	-0.09	-0.07
Property Plant And Equipment Net	0.97	0.62	0.23	0.67	-0.31	-0.59	0.83	0.83	0.73	0.76	0.48	0.88	-0.18	0.53	0.78	-0.83	0.63	0.75	0.78	-0.02	0.21		0.77	0.98	0.3	0.28
Accounts Payable	0.77	0.88	0.77	0.09	0.18	-0.94	0.58	0.58	0.95	0.94	0.9	0.66	0.15	0.91	0.66	-0.96	0.94	0.95	0.95	-0.2	0.75	0.77		0.83	0.09	0.08
Non Current Assets Total	0.94	0.7	0.33	0.55	-0.15	-0.67	0.73	0.73	0.78	0.83	0.57	0.81	-0.12	0.61	0.73	-0.88	0.69	0.8	0.82	-0.02	0.31	0.98	0.83		0.22	0.2
Non Currrent Assets Other	0.28	0.24	-0.08	0.23	-0.14	-0.04	0.33	0.33	0.13	0.34	0.09	0.31	-0.11	0.04	0.17	-0.15	0.08	0.09	0.11	0.01	-0.09	0.3	0.09	0.22		1.0
Other Assets	0.27	0.24	-0.06	0.2	-0.12	-0.06	0.32	0.32	0.14	0.34	0.1	0.29	-0.11	0.05	0.17	-0.15	0.09	0.1	0.11	0.0	-0.07	0.28	0.08	0.2	1.0

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Akoustis Technologies Account Relationship Matchups

Akoustis Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	71.4M	125.0M	161.3M	148.9M	69.7M	62.4M
Short Long Term Debt Total	23.9M	472K	44.9M	45.4M	52.9M	55.5M
Total Current Liabilities	6.1M	7.3M	12.7M	17.6M	84.4M	88.6M
Total Stockholder Equity	41.5M	117.4M	103.4M	86.2M	(57.1M)	(54.2M)
Net Debt	(20.4M)	(87.9M)	(35.6M)	2.3M	28.4M	29.8M
Retained Earnings	(103.6M)	(147.8M)	(206.8M)	(270.4M)	(438.5M)	(416.6M)
Cash	44.3M	88.3M	80.5M	43.1M	24.4M	31.5M
Cash And Short Term Investments	44.3M	88.3M	80.5M	43.1M	24.4M	31.5M
Common Stock Total Equity	38K	51K	57K	72K	82.8K	86.9K
Liabilities And Stockholders Equity	71.4M	125.0M	161.3M	148.9M	69.7M	62.4M
Non Current Liabilities Total	23.8M	319K	45.3M	45.1M	42.5M	44.6M
Total Liab	29.9M	7.6M	57.9M	62.7M	126.8M	133.2M
Total Current Assets	46.2M	93.2M	91.7M	59.8M	36.8M	36.1M
Common Stock	38K	51K	57K	72K	123K	129.2K
Net Tangible Assets	41.0M	116.8M	86.4M	56.4M	64.9M	39.3M
Retained Earnings Total Equity	(103.6M)	(147.8M)	(206.8M)	(270.4M)	(243.3M)	(231.2M)
Common Stock Shares Outstanding	33.7M	43.4M	54.0M	63.6M	89.1M	93.5M
Capital Surpluse	145.1M	265.1M	310.2M	356.5M	410.0M	430.5M
Other Stockholder Equity	145.1M	265.1M	310.2M	356.5M	381.3M	400.4M
Non Current Liabilities Other	1.3M	563K	117K	708K	976K	111.2K
Other Current Liab	3.8M	5.5M	8.4M	12.6M	69.7M	73.2M
Property Plant And Equipment Net	24.3M	31.2M	52.3M	59.2M	13.8M	23.9M
Accounts Payable	2.1M	1.2M	3.6M	4.0M	4.0M	4.2M
Non Current Assets Total	25.2M	31.8M	69.6M	89.1M	33.0M	31.5M
Non Currrent Assets Other	382K	25K	279K	72K	71K	67.5K
Other Assets	382K	25K	279K	72K	82.8K	78.7K
Long Term Debt	18.2M	23.2M	43.7M	784K	41.9M	44.0M
Inventory	136K	1.4M	4.1M	7.5M	2.2M	1.7M
Other Current Assets	1.4M	2.3M	3.4M	4.4M	4.8M	5.0M
Property Plant And Equipment Gross	23.6M	31.2M	52.3M	59.2M	14.5M	23.9M
Intangible Assets	544K	572K	9.0M	15.2M	12.6M	13.2M
Property Plant Equipment	24.3M	31.2M	51.2M	57.8M	66.5M	69.8M
Deferred Long Term Liab	23.8M	319K	45.3M	43.3M	49.8M	52.3M
Net Receivables	351K	1.2M	3.8M	4.8M	5.3M	5.6M

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