Align Historical Financial Ratios

ALGN Stock

USD 240.52 14.63 6.48%

Align Technology is presently reporting on over 110 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Dividend Yield of 0.0, PTB Ratio of 5.51 or Days Sales Outstanding of 95.9 will help investors to properly organize and evaluate Align Technology financial condition quickly.

Quick Ratio Current Ratio

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

To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.

About Align Financial Ratios Analysis

Align TechnologyFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Align Technology investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Align financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Align Technology history.

Align Technology Financial Ratios Chart

At this time, Align Technology's Free Cash Flow Per Share is very stable compared to the past year. As of the 26th of November 2024, Net Income Per Share is likely to grow to 6.11, while Price To Sales Ratio is likely to drop 5.15.

Price To Sales Ratio Days Sales Outstanding Ev To Sales Inventory Turnover Net Income Per Share Average Inventory

Add Fundamental

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Align Technology stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Align Technology sales, a figure that is much harder to manipulate than other Align Technology multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.

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.

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 ratios from Align Technology's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Align Technology current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, 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 Align Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.At this time, Align Technology's Free Cash Flow Per Share is very stable compared to the past year. As of the 26th of November 2024, Net Income Per Share is likely to grow to 6.11, while Price To Sales Ratio is likely to drop 5.15.

	2021	2022	2023	2024 (projected)
Inventory Turnover	4.42	3.25	3.89	3.7
ROIC	0.21	0.11	0.12	0.08

Inventory Turnover Roic

Align Technology fundamentals Correlations

	Price To Sales Ratio	Ptb Ratio	Days Sales Outstanding	Book Value Per Share	Free Cash Flow Yield	Operating Cash Flow Per Share	Capex To Depreciation	Pb Ratio	Ev To Sales	Free Cash Flow Per Share	Roic	Inventory Turnover	Net Income Per Share	Days Of Inventory On Hand	Payables Turnover	Capex To Revenue	Cash Per Share	Pocfratio	Interest Coverage	Capex To Operating Cash Flow	Pfcf Ratio	Days Payables Outstanding	Income Quality	Roe	Ev To Operating Cash Flow	Pe Ratio
Price To Sales Ratio		-0.53	0.98	-0.37	-0.99	-0.47	0.43	-0.53	1.0	-0.55	0.89	-0.26	-0.32	0.18	-0.74	1.0	-0.36	-0.51	0.23	-0.73	-0.47	0.99	-0.46	0.82	-0.49	-0.6
Ptb Ratio	-0.53		-0.51	0.28	0.46	0.64	0.18	1.0	-0.52	0.64	-0.22	0.04	0.56	-0.13	0.32	-0.58	0.55	0.8	-0.43	0.56	0.77	-0.57	-0.02	-0.11	0.8	0.66
Days Sales Outstanding	0.98	-0.51		-0.24	-0.99	-0.37	0.42	-0.51	0.98	-0.45	0.88	-0.39	-0.23	0.31	-0.67	0.98	-0.23	-0.48	0.22	-0.67	-0.4	0.98	-0.53	0.82	-0.45	-0.63
Book Value Per Share	-0.37	0.28	-0.24		0.28	0.87	-0.26	0.28	-0.37	0.83	-0.33	-0.74	0.67	0.79	0.42	-0.39	0.92	0.51	-0.3	0.48	0.59	-0.36	-0.18	-0.26	0.52	0.21
Free Cash Flow Yield	-0.99	0.46	-0.99	0.28		0.39	-0.5	0.46	-0.99	0.48	-0.9	0.35	0.26	-0.26	0.69	-0.98	0.25	0.44	-0.14	0.64	0.36	-0.97	0.5	-0.83	0.41	0.55
Operating Cash Flow Per Share	-0.47	0.64	-0.37	0.87	0.39		-0.11	0.64	-0.47	0.97	-0.35	-0.58	0.66	0.56	0.43	-0.51	0.94	0.62	-0.38	0.53	0.65	-0.48	-0.09	-0.26	0.62	0.44
Capex To Depreciation	0.43	0.18	0.42	-0.26	-0.5	-0.11		0.18	0.44	-0.27	0.47	0.05	-0.21	-0.12	-0.3	0.42	-0.04	0.0	-0.07	0.14	0.2	0.38	-0.28	0.39	0.02	0.09
Pb Ratio	-0.53	1.0	-0.51	0.28	0.46	0.64	0.18		-0.52	0.64	-0.22	0.04	0.56	-0.13	0.32	-0.58	0.55	0.8	-0.43	0.56	0.77	-0.57	-0.02	-0.11	0.8	0.66
Ev To Sales	1.0	-0.52	0.98	-0.37	-0.99	-0.47	0.44	-0.52		-0.54	0.9	-0.26	-0.31	0.18	-0.74	1.0	-0.36	-0.51	0.23	-0.73	-0.46	0.99	-0.46	0.83	-0.48	-0.6
Free Cash Flow Per Share	-0.55	0.64	-0.45	0.83	0.48	0.97	-0.27	0.64	-0.54		-0.42	-0.5	0.67	0.48	0.48	-0.58	0.89	0.61	-0.37	0.45	0.58	-0.55	-0.03	-0.31	0.61	0.42
Roic	0.89	-0.22	0.88	-0.33	-0.9	-0.35	0.47	-0.22	0.9	-0.42		-0.23	0.01	0.09	-0.81	0.87	-0.24	-0.19	0.13	-0.62	-0.2	0.88	-0.71	0.98	-0.16	-0.61
Inventory Turnover	-0.26	0.04	-0.39	-0.74	0.35	-0.58	0.05	0.04	-0.26	-0.5	-0.23		-0.43	-0.96	0.06	-0.24	-0.71	-0.13	0.24	-0.01	-0.22	-0.26	0.45	-0.28	-0.14	0.21
Net Income Per Share	-0.32	0.56	-0.23	0.67	0.26	0.66	-0.21	0.56	-0.31	0.67	0.01	-0.43		0.35	0.03	-0.38	0.68	0.85	-0.29	0.32	0.76	-0.3	-0.49	0.16	0.86	0.07
Days Of Inventory On Hand	0.18	-0.13	0.31	0.79	-0.26	0.56	-0.12	-0.13	0.18	0.48	0.09	-0.96	0.35		0.05	0.17	0.7	0.07	-0.15	0.09	0.2	0.19	-0.33	0.11	0.08	-0.16
Payables Turnover	-0.74	0.32	-0.67	0.42	0.69	0.43	-0.3	0.32	-0.74	0.48	-0.81	0.06	0.03	0.05		-0.72	0.41	0.21	-0.35	0.58	0.28	-0.78	0.54	-0.8	0.2	0.59
Capex To Revenue	1.0	-0.58	0.98	-0.39	-0.98	-0.51	0.42	-0.58	1.0	-0.58	0.87	-0.24	-0.38	0.17	-0.72		-0.4	-0.58	0.26	-0.73	-0.52	0.99	-0.42	0.79	-0.55	-0.62
Cash Per Share	-0.36	0.55	-0.23	0.92	0.25	0.94	-0.04	0.55	-0.36	0.89	-0.24	-0.71	0.68	0.7	0.41	-0.4		0.63	-0.46	0.54	0.71	-0.38	-0.26	-0.16	0.64	0.33
Pocfratio	-0.51	0.8	-0.48	0.51	0.44	0.62	0.0	0.8	-0.51	0.61	-0.19	-0.13	0.85	0.07	0.21	-0.58	0.63		-0.43	0.58	0.94	-0.54	-0.25	-0.06	1.0	0.49
Interest Coverage	0.23	-0.43	0.22	-0.3	-0.14	-0.38	-0.07	-0.43	0.23	-0.37	0.13	0.24	-0.29	-0.15	-0.35	0.26	-0.46	-0.43		-0.25	-0.43	0.29	0.02	0.09	-0.44	-0.4
Capex To Operating Cash Flow	-0.73	0.56	-0.67	0.48	0.64	0.53	0.14	0.56	-0.73	0.45	-0.62	-0.01	0.32	0.09	0.58	-0.73	0.54	0.58	-0.25		0.74	-0.75	0.17	-0.59	0.56	0.6
Pfcf Ratio	-0.47	0.77	-0.4	0.59	0.36	0.65	0.2	0.77	-0.46	0.58	-0.2	-0.22	0.76	0.2	0.28	-0.52	0.71	0.94	-0.43	0.74		-0.5	-0.25	-0.1	0.94	0.53
Days Payables Outstanding	0.99	-0.57	0.98	-0.36	-0.97	-0.48	0.38	-0.57	0.99	-0.55	0.88	-0.26	-0.3	0.19	-0.78	0.99	-0.38	-0.54	0.29	-0.75	-0.5		-0.47	0.82	-0.52	-0.68
Income Quality	-0.46	-0.02	-0.53	-0.18	0.5	-0.09	-0.28	-0.02	-0.46	-0.03	-0.71	0.45	-0.49	-0.33	0.54	-0.42	-0.26	-0.25	0.02	0.17	-0.25	-0.47		-0.75	-0.27	0.6
Roe	0.82	-0.11	0.82	-0.26	-0.83	-0.26	0.39	-0.11	0.83	-0.31	0.98	-0.28	0.16	0.11	-0.8	0.79	-0.16	-0.06	0.09	-0.59	-0.1	0.82	-0.75		-0.03	-0.59
Ev To Operating Cash Flow	-0.49	0.8	-0.45	0.52	0.41	0.62	0.02	0.8	-0.48	0.61	-0.16	-0.14	0.86	0.08	0.2	-0.55	0.64	1.0	-0.44	0.56	0.94	-0.52	-0.27	-0.03		0.48
Pe Ratio	-0.6	0.66	-0.63	0.21	0.55	0.44	0.09	0.66	-0.6	0.42	-0.61	0.21	0.07	-0.16	0.59	-0.62	0.33	0.49	-0.4	0.6	0.53	-0.68	0.6	-0.59	0.48

Click cells to compare fundamentals

Align Technology Account Relationship Matchups

Align Technology fundamentals Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Price To Sales Ratio	9.21	17.03	13.12	4.42	5.42	5.15
Ptb Ratio	16.46	13.01	14.32	4.58	5.77	5.51
Days Sales Outstanding	83.45	97.11	82.85	84.02	85.38	95.9
Book Value Per Share	16.95	41.06	45.91	46.06	47.5	49.88
Free Cash Flow Yield	0.027	0.0121	0.0149	0.0168	0.029	0.0305
Operating Cash Flow Per Share	9.41	8.41	14.86	7.27	10.28	10.8
Stock Based Compensation To Revenue	0.036	0.0366	0.0398	0.0289	0.0357	0.0602
Capex To Depreciation	1.9	1.66	3.69	2.32	1.25	1.64
Pb Ratio	16.46	13.01	14.32	4.58	5.77	5.51
Ev To Sales	9.0	16.66	12.87	4.2	5.21	4.95
Free Cash Flow Per Share	7.52	6.44	9.78	3.54	7.96	8.35
Roic	0.24	0.43	0.21	0.11	0.12	0.08
Inventory Turnover	5.92	5.09	4.42	3.25	3.89	3.7
Net Income Per Share	5.57	22.55	9.78	4.62	5.82	6.11
Days Of Inventory On Hand	61.7	71.71	82.61	112.32	93.79	98.48
Payables Turnover	7.6	4.99	6.21	8.61	10.21	11.35
Research And Ddevelopement To Revenue	0.0654	0.0709	0.0633	0.0817	0.0898	0.0853
Capex To Revenue	0.0622	0.0627	0.1	0.0782	0.046	0.0437
Cash Per Share	10.94	12.2	14.84	12.78	12.73	13.36
Pocfratio	29.66	63.56	44.23	28.99	26.65	16.31
Capex To Operating Cash Flow	0.45	0.4	0.2	0.34	0.51	0.24
Pfcf Ratio	37.09	82.97	67.23	59.57	34.44	33.29
Days Payables Outstanding	48.04	73.2	58.81	42.4	35.74	58.62
Income Quality	1.69	0.37	1.52	1.57	1.77	1.76
Roe	0.32	0.33	0.55	0.21	0.12	0.088
Ev To Operating Cash Flow	28.98	62.21	43.38	27.56	25.62	15.35
Pe Ratio	50.05	23.7	67.18	45.61	47.05	28.5
Return On Tangible Assets	0.2	0.18	0.42	0.0664	0.0797	0.0837
Ev To Free Cash Flow	36.24	81.2	65.94	56.62	33.11	30.83
Earnings Yield	0.02	0.0422	0.0149	0.0219	0.0213	0.0223
Intangibles To Total Assets	0.0303	0.12	0.0889	0.0846	0.0825	0.0626
Net Debt To E B I T D A	(0.76)	(2.32)	(1.02)	(1.08)	(1.01)	(1.07)
Current Ratio	1.68	1.4	1.3	1.26	1.18	1.12
Tangible Book Value Per Share	16.0	33.76	39.21	39.62	40.94	42.99
Receivables Turnover	4.37	3.76	4.41	4.34	4.28	3.92
Graham Number	46.11	144.33	100.52	69.23	78.89	82.84
Shareholders Equity Per Share	16.95	41.06	45.91	46.06	47.5	49.88

Pair Trading with Align Technology

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 Align Technology 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 Align Technology will appreciate offsetting losses from the drop in the long position's value.

Moving against Align Stock

0.71

VMD

Viemed Healthcare

Pair Corr

The ability to find closely correlated positions to Align Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Align Technology 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 Align Technology - 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 Align Technology to buy it.

The correlation of Align Technology 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 Align Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Align Technology 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 Align Technology 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.

Pair Correlation Correlation Matching

When determining whether Align Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Align Technology's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Align Technology Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Align Technology Stock:

How To Invest In Align

Details

Is Align Stock a good investment?

Details

What is Align Technology's Net Worth?

Details

Largest Health Care Equipment & Supplies Companies

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Largest Health Care Equipment & Services Companies

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To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.

You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Is Health Care Equipment & Supplies 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 Align Technology. If investors know Align 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 Align Technology 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

(0.02)

Earnings Share

5.85

Revenue Per Share

52.669

Quarterly Revenue Growth

0.018

Return On Assets

0.067

The market value of Align Technology is measured differently than its book value, which is the value of Align that is recorded on the company's balance sheet. Investors also form their own opinion of Align Technology's value that differs from its market value or its book value, called intrinsic value, which is Align Technology'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 Align Technology's market value can be influenced by many factors that don't directly affect Align Technology'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 Align Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Align Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Align Technology'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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Price To Sales Ratio	Dividend Yield
Ptb Ratio	Days Sales Outstanding
Book Value Per Share	Free Cash Flow Yield
Invested Capital	Operating Cash Flow Per Share
Average Payables	Stock Based Compensation To Revenue
Capex To Depreciation	Pb Ratio
Ev To Sales	Free Cash Flow Per Share
Roic	Inventory Turnover
Net Income Per Share	Days Of Inventory On Hand
Payables Turnover	Sales General And Administrative To Revenue
Average Inventory	Research And Ddevelopement To Revenue
Capex To Revenue	Cash Per Share
Pocfratio	Interest Coverage
Payout Ratio	Capex To Operating Cash Flow
Pfcf Ratio	Days Payables Outstanding
Net Current Asset Value	Income Quality
Roe	Tangible Asset Value
Ev To Operating Cash Flow	Pe Ratio
Return On Tangible Assets	Ev To Free Cash Flow
Earnings Yield	Intangibles To Total Assets
Net Debt To E B I T D A	Current Ratio
Tangible Book Value Per Share	Receivables Turnover
Graham Number	Shareholders Equity Per Share
Debt To Equity	Capex Per Share
Graham Net Net	Average Receivables
Revenue Per Share	Interest Debt Per Share
Debt To Assets	Enterprise Value Over E B I T D A
Short Term Coverage Ratios	Price Earnings Ratio
Operating Cycle	Price Book Value Ratio
Price Earnings To Growth Ratio	Days Of Payables Outstanding
Dividend Payout Ratio	Price To Operating Cash Flows Ratio
Price To Free Cash Flows Ratio	Pretax Profit Margin
Ebt Per Ebit	Operating Profit Margin
Effective Tax Rate	Company Equity Multiplier
Long Term Debt To Capitalization	Total Debt To Capitalization
Return On Capital Employed	Debt Equity Ratio
Ebit Per Revenue	Quick Ratio
Dividend Paid And Capex Coverage Ratio	Net Income Per E B T
Cash Ratio	Cash Conversion Cycle
Operating Cash Flow Sales Ratio	Days Of Inventory Outstanding
Days Of Sales Outstanding	Free Cash Flow Operating Cash Flow Ratio
Cash Flow Coverage Ratios	Price To Book Ratio
Fixed Asset Turnover	Capital Expenditure Coverage Ratio
Price Cash Flow Ratio	Enterprise Value Multiple
Debt Ratio	Cash Flow To Debt Ratio
Price Sales Ratio	Return On Assets
Asset Turnover	Net Profit Margin
Gross Profit Margin	Price Fair Value
Return On Equity

Align Historical Financial Ratios

About Align Financial Ratios Analysis

Align Technology Financial Ratios Chart

Price To Sales Ratio

Ev To Sales

Inventory Turnover

Average Inventory

Align Technology fundamentals Correlations

Align Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Align Technology fundamentals Accounts

Pair Trading with Align Technology

Moving against Align Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Ev To Sales	+ 1.0	Price To Sales Ratio
Capex To Revenue	+ 1.0	Price To Sales Ratio
Pb Ratio	+ 1.0	Ptb Ratio
Capex To Revenue	+ 1.0	Ev To Sales
Ev To Operating Cash Flow	+ 1.0	Pocfratio
Days Payables Outstanding	+ 0.99	Price To Sales Ratio

Ev To Sales	- 0.99	Free Cash Flow Yield
Free Cash Flow Yield	- 0.99	Days Sales Outstanding
Free Cash Flow Yield	- 0.99	Price To Sales Ratio
Capex To Revenue	- 0.98	Free Cash Flow Yield
Days Payables Outstanding	- 0.97	Free Cash Flow Yield
Days Of Inventory On Hand	- 0.96	Inventory Turnover