Atomos Other Non Cash Items vs Change In Working Capital Analysis

AMS Stock   0.01  0  8.33%   
Atomos financial indicator trend analysis is way more than just evaluating Atomos prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Atomos is a good investment. Please check the relationship between Atomos Other Non Cash Items and its Change In Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atomos. 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.

Other Non Cash Items vs Change In Working Capital

Other Non Cash Items vs Change In Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Atomos Other Non Cash Items account and Change In Working Capital. At this time, the significance of the direction appears to have strong relationship.
The correlation between Atomos' Other Non Cash Items and Change In Working Capital is 0.75. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Atomos, assuming nothing else is changed. The correlation between historical values of Atomos' Other Non Cash Items and Change In Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Non Cash Items of Atomos are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Other Non Cash Items i.e., Atomos' Other Non Cash Items and Change In Working Capital go up and down completely randomly.

Correlation Coefficient

0.75
Relationship DirectionPositive 
Relationship StrengthSignificant

Other Non Cash Items

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.
Most indicators from Atomos' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Atomos 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 Atomos. 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.
Tax Provision is likely to gain to about 413.7 K in 2024, whereas Selling General Administrative is likely to drop slightly above 13.1 M in 2024.
 2021 2023 2024 (projected)
Reconciled Depreciation3.9M1.6M2.2M
Interest Income1K1.8K1.7K

Atomos fundamental ratios Correlations

0.570.750.95-0.090.350.460.690.760.060.870.750.040.730.930.550.540.51-0.21-0.380.660.71-0.140.830.690.96
0.570.760.31-0.250.220.36-0.080.580.650.690.61-0.550.880.550.560.380.510.05-0.040.270.580.640.58-0.090.51
0.750.760.53-0.450.160.510.210.890.530.870.93-0.490.950.860.690.650.580.17-0.390.610.620.410.930.190.68
0.950.310.530.030.350.350.850.6-0.190.740.590.320.480.840.390.460.42-0.37-0.440.640.64-0.410.680.850.95
-0.09-0.25-0.450.030.33-0.49-0.11-0.08-0.78-0.52-0.610.04-0.36-0.37-0.76-0.85-0.82-0.530.6-0.71-0.62-0.27-0.51-0.09-0.21
0.350.220.160.350.330.070.210.23-0.30.120.190.030.170.24-0.14-0.1-0.18-0.47-0.17-0.02-0.02-0.090.180.20.32
0.460.360.510.35-0.490.070.240.290.450.580.580.110.530.470.750.650.630.33-0.260.720.630.110.570.230.49
0.69-0.080.210.85-0.110.210.240.24-0.280.530.40.640.120.650.340.490.41-0.23-0.510.680.56-0.750.491.00.77
0.760.580.890.6-0.080.230.290.240.180.710.74-0.460.830.820.360.320.270.08-0.20.40.350.210.830.230.63
0.060.650.53-0.19-0.78-0.30.45-0.280.180.460.47-0.460.60.240.710.580.710.62-0.140.380.530.680.39-0.30.1
0.870.690.870.74-0.520.120.580.530.710.460.93-0.060.830.950.770.80.80.02-0.570.830.890.130.940.520.88
0.750.610.930.59-0.610.190.580.40.740.470.93-0.210.820.90.750.820.70.09-0.650.80.730.240.970.380.74
0.04-0.55-0.490.320.040.030.110.64-0.46-0.46-0.06-0.21-0.54-0.02-0.10.110.14-0.32-0.350.310.22-0.78-0.180.640.23
0.730.880.950.48-0.360.170.530.120.830.60.830.82-0.540.780.70.540.560.24-0.160.50.610.460.840.110.63
0.930.550.860.84-0.370.240.470.650.820.240.950.9-0.020.780.630.70.66-0.02-0.580.790.76-0.060.960.640.92
0.550.560.690.39-0.76-0.140.750.340.360.710.770.75-0.10.70.630.910.860.4-0.390.820.820.20.710.330.59
0.540.380.650.46-0.85-0.10.650.490.320.580.80.820.110.540.70.910.90.23-0.730.930.850.070.750.470.65
0.510.510.580.42-0.82-0.180.630.410.270.710.80.70.140.560.660.860.90.3-0.610.860.950.140.670.40.65
-0.210.050.17-0.37-0.53-0.470.33-0.230.080.620.020.09-0.320.24-0.020.40.230.30.220.20.040.180.15-0.24-0.26
-0.38-0.04-0.39-0.440.6-0.17-0.26-0.51-0.2-0.14-0.57-0.65-0.35-0.16-0.58-0.39-0.73-0.610.22-0.72-0.590.1-0.56-0.49-0.56
0.660.270.610.64-0.71-0.020.720.680.40.380.830.80.310.50.790.820.930.860.2-0.720.86-0.180.80.670.76
0.710.580.620.64-0.62-0.020.630.560.350.530.890.730.220.610.760.820.850.950.04-0.590.860.050.710.550.83
-0.140.640.41-0.41-0.27-0.090.11-0.750.210.680.130.24-0.780.46-0.060.20.070.140.180.1-0.180.050.11-0.76-0.19
0.830.580.930.68-0.510.180.570.490.830.390.940.97-0.180.840.960.710.750.670.15-0.560.80.710.110.480.79
0.69-0.090.190.85-0.090.20.231.00.23-0.30.520.380.640.110.640.330.470.4-0.24-0.490.670.55-0.760.480.76
0.960.510.680.95-0.210.320.490.770.630.10.880.740.230.630.920.590.650.65-0.26-0.560.760.83-0.190.790.76
Click cells to compare fundamentals

Atomos Account Relationship Matchups

Atomos fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets79.6M91.2M108.8M37.2M25.0M23.7M
Short Long Term Debt Total9.5M3.2M18.3M9.5M5.2M7.8M
Total Current Liabilities12.7M22.8M46.6M20.8M18.4M19.7M
Total Stockholder Equity57.4M63.7M54.2M9.8M2.4M2.2M
Retained Earnings(45.1M)(41.1M)(47.2M)(112.6M)(134.9M)(128.2M)
Other Assets4.7M5.3M9.7M1.00.90.86
Cash And Short Term Investments18.8M26.0M5.0M2.9M2.9M2.8M
Net Receivables4.7M12.8M20.7M5.2M5.0M8.7M
Inventory16.8M16.7M24.0M15.4M8.7M12.7M
Other Current Assets2.6M5.2M8.7M5.3M3.3M3.8M
Other Stockholder Equity5.4M3.1M(4.3M)1.00.90.86
Total Liab22.2M27.5M54.5M27.4M22.6M26.2M
Total Current Assets42.9M60.6M71.9M28.7M19.9M36.1M
Intangible Assets8.5M25.1M25.2M28.9M33.3M18.9M
Common Stock101.5M101.7M102.5M119.3M134.0M81.6M
Property Plant Equipment1.7M11.6M5.4M7.9M9.1M9.5M
Other Current Liab1.1M4.3M2.6M3.1M6.3M6.7M
Other Liab42K1.2M2.1M1.9M1.7M1.4M
Net Tangible Assets23.2M37.0M43.9M29.6M34.1M27.1M
Property Plant And Equipment Net11.6M5.4M7.9M6.6M5.0M5.4M
Net Debt(9.2M)(22.8M)13.3M6.6M2.3M2.4M
Accounts Payable9.9M17.9M22.2M12.5M9.6M12.9M
Cash18.8M26.0M5.0M2.9M2.9M2.8M
Non Current Assets Total36.7M30.6M36.9M8.4M5.0M4.8M
Common Stock Shares Outstanding320.5M367.0M350.9M515.3M1.2B1.3B
Liabilities And Stockholders Equity79.6M91.2M108.8M37.2M25.0M23.7M
Non Current Liabilities Total9.5M4.7M7.9M6.6M4.2M5.6M
Deferred Long Term Liab8.5M4.7M5.3M9.7M8.7M6.6M
Accumulated Other Comprehensive Income994K3.1M3.3M3.0M3.2M2.2M
Short Term Debt1.2M579K13.0M4.4M1.1M999.4K
Net Invested Capital57.5M63.7M70.3M13.1M2.5M2.4M
Property Plant And Equipment Gross11.6M5.4M7.9M15.6M15.2M9.2M
Short Long Term Debt1.5M139K2.8M3.4M136K129.2K
Net Working Capital30.1M36.9M38.2M7.9M1.5M1.4M
Capital Stock101.5M101.7M102.5M119.3M134.0M110.6M

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