Advanced Total Other Income Expense Net vs Other Operating Expenses Analysis

AMS Stock   212.50  5.50  2.66%   
Advanced Medical financial indicator trend analysis is way more than just evaluating Advanced Medical Sol prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Advanced Medical Sol is a good investment. Please check the relationship between Advanced Medical Total Other Income Expense Net and its Other Operating Expenses accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advanced Medical Solutions. 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 economic analysis.

Total Other Income Expense Net vs Other Operating Expenses

Total Other Income Expense Net vs Other Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Advanced Medical Sol Total Other Income Expense Net account and Other Operating Expenses. At this time, the significance of the direction appears to have weak relationship.
The correlation between Advanced Medical's Total Other Income Expense Net and Other Operating Expenses is 0.37. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Advanced Medical Solutions, assuming nothing else is changed. The correlation between historical values of Advanced Medical's Total Other Income Expense Net and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Other Income Expense Net of Advanced Medical Solutions are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Total Other Income Expense Net i.e., Advanced Medical's Total Other Income Expense Net and Other Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.37
Relationship DirectionPositive 
Relationship StrengthVery Weak

Total Other Income Expense Net

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Advanced Medical Sol. It is also known as Advanced Medical overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from Advanced Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Advanced Medical Sol 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 Advanced Medical Solutions. 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 economic analysis.
The current year's Selling General Administrative is expected to grow to about 53.2 M, whereas Tax Provision is forecasted to decline to about 5 M.
 2021 2022 2023 2024 (projected)
Interest Expense1.1M638K384K250.6K
Depreciation And Amortization8.8M8.8M10.8M11.3M

Advanced Medical fundamental ratios Correlations

0.340.760.961.00.94-0.770.990.480.860.960.120.860.590.530.730.940.070.490.90.890.950.210.570.770.38
0.340.230.370.280.42-0.060.230.770.250.380.070.250.370.220.710.240.810.680.630.250.290.470.380.27-0.51
0.760.230.880.770.68-0.790.760.140.820.620.240.820.550.50.360.71-0.130.390.620.620.830.090.530.280.16
0.960.370.880.950.91-0.80.940.450.890.880.160.890.620.560.670.90.060.520.870.830.950.240.60.640.31
1.00.280.770.950.93-0.811.00.420.880.940.110.880.590.540.670.930.00.460.860.880.960.190.560.760.44
0.940.420.680.910.93-0.640.90.620.770.930.040.770.710.650.780.850.230.660.910.790.870.280.70.750.33
-0.77-0.06-0.79-0.8-0.81-0.64-0.82-0.1-0.97-0.570.11-0.97-0.4-0.46-0.23-0.620.39-0.19-0.5-0.55-0.91-0.04-0.39-0.56-0.61
0.990.230.760.941.00.9-0.820.370.890.930.130.890.520.470.650.94-0.060.380.840.880.960.170.490.760.47
0.480.770.140.450.420.62-0.10.370.280.57-0.110.280.560.430.830.380.740.710.730.390.360.270.540.57-0.12
0.860.250.820.890.880.77-0.970.890.280.69-0.061.00.450.480.440.71-0.190.320.680.640.970.130.450.650.51
0.960.380.620.880.940.93-0.570.930.570.690.150.690.60.490.820.950.230.540.920.930.830.230.560.790.27
0.120.070.240.160.110.040.110.13-0.11-0.060.15-0.06-0.04-0.240.160.340.1-0.150.170.230.070.32-0.13-0.38-0.47
0.860.250.820.890.880.77-0.970.890.281.00.69-0.060.450.480.440.71-0.190.320.680.640.970.130.450.650.51
0.590.370.550.620.590.71-0.40.520.560.450.6-0.040.450.950.420.460.310.850.550.430.520.230.980.330.12
0.530.220.50.560.540.65-0.460.470.430.480.49-0.240.480.950.250.340.150.790.40.320.50.230.960.340.31
0.730.710.360.670.670.78-0.230.650.830.440.820.160.440.420.250.720.650.590.940.740.580.270.40.69-0.12
0.940.240.710.90.930.85-0.620.940.380.710.950.340.710.460.340.720.050.330.860.940.840.20.40.660.26
0.070.81-0.130.060.00.230.39-0.060.74-0.190.230.1-0.190.310.150.650.050.630.450.16-0.10.40.30.12-0.64
0.490.680.390.520.460.66-0.190.380.710.320.54-0.150.320.850.790.590.330.630.610.360.390.350.890.37-0.12
0.90.630.620.870.860.91-0.50.840.730.680.920.170.680.550.40.940.860.450.610.850.80.290.520.730.06
0.890.250.620.830.880.79-0.550.880.390.640.930.230.640.430.320.740.940.160.360.850.770.10.380.720.25
0.950.290.830.950.960.87-0.910.960.360.970.830.070.970.520.50.580.84-0.10.390.80.770.190.50.690.46
0.210.470.090.240.190.28-0.040.170.270.130.230.320.130.230.230.270.20.40.350.290.10.190.210.02-0.2
0.570.380.530.60.560.7-0.390.490.540.450.56-0.130.450.980.960.40.40.30.890.520.380.50.210.330.14
0.770.270.280.640.760.75-0.560.760.570.650.79-0.380.650.330.340.690.660.120.370.730.720.690.020.330.56
0.38-0.510.160.310.440.33-0.610.47-0.120.510.27-0.470.510.120.31-0.120.26-0.64-0.120.060.250.46-0.20.140.56
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Advanced Medical Account Relationship Matchups

Advanced Medical fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets227.0M238.6M249.5M281.1M289.2M303.6M
Short Long Term Debt Total10.4M11.1M9.9M9.8M9.1M9.6M
Other Current Liab6.6M6.0M9.2M13.3M13.0M13.7M
Total Current Liabilities17.2M14.7M17.0M22.7M21.6M22.7M
Total Stockholder Equity191.2M202.2M212.7M236.6M244.2M256.4M
Property Plant And Equipment Net27.7M30.1M27.4M29.0M29.6M31.1M
Net Debt(54.4M)(42.7M)(63.1M)(72.5M)(51.0M)(48.5M)
Retained Earnings132.5M137.7M151.4M167.4M178.5M187.5M
Accounts Payable7.4M6.8M4.9M6.4M6.2M3.4M
Cash64.8M53.8M73.0M82.3M60.2M63.2M
Non Current Assets Total115.2M141.4M134.5M149.2M166.8M175.2M
Non Currrent Assets Other(53.6M)(133.6M)(124.0M)(132.4M)136.3M143.1M
Cash And Short Term Investments64.8M53.8M73.0M82.3M60.2M63.2M
Common Stock Total Equity10.6M10.7M10.7M10.8M12.4M9.6M
Common Stock Shares Outstanding216.8M217.8M218.3M219.5M219.3M163.9M
Liabilities And Stockholders Equity227.0M238.6M249.5M281.1M289.2M303.6M
Non Current Liabilities Total18.6M21.6M19.8M21.8M23.4M24.6M
Inventory17.7M21.0M19.3M27.9M36.0M37.8M
Other Current Assets3.7M4.7M5.2M4.0M5.2M3.8M
Other Stockholder Equity36.1M37.7M36.8M38.6M32.1M34.9M
Total Liab35.7M36.3M36.8M44.5M45.0M47.2M
Property Plant And Equipment Gross27.7M30.1M55.6M60.3M64.3M67.5M
Total Current Assets111.8M97.2M115.0M131.9M122.3M128.4M
Short Term Debt1.4M938K256K111K1.2M1.2M
Common Stock10.7M10.8M10.8M10.8M10.9M9.8M
Accumulated Other Comprehensive Income12.0M17.6M13.7M21.3M22.7M23.8M
Intangible Assets86.9M111.0M107.0M119.2M55.9M58.7M
Current Deferred Revenue1.8M319K897K948K(1.2M)(1.2M)
Net Receivables29.4M17.7M17.5M17.7M20.9M14.0M
Good Will53.6M68.9M66.0M70.9M80.4M48.3M
Other Assets5.7M7.7M10.6M937K1.1M1.0M
Net Invested Capital191.9M202.2M212.7M236.6M244.2M222.0M
Net Working Capital94.6M82.5M98.0M109.2M100.7M104.9M

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Other Information on Investing in Advanced Stock

Balance Sheet is a snapshot of the financial position of Advanced Medical Sol at a specified time, usually calculated after every quarter, six months, or one year. Advanced Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Advanced Medical and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Advanced currently owns. An asset can also be divided into two categories, current and non-current.