Andlauer Change To Inventory vs Capital Expenditures Analysis
AND Stock | CAD 43.10 0.15 0.35% |
Andlauer Healthcare financial indicator trend analysis is way more than just evaluating Andlauer Healthcare prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Andlauer Healthcare is a good investment. Please check the relationship between Andlauer Healthcare Change To Inventory and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Andlauer Healthcare Gr. 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.
Change To Inventory vs Capital Expenditures
Change To Inventory vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Andlauer Healthcare Change To Inventory account and Capital Expenditures. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Andlauer Healthcare's Change To Inventory and Capital Expenditures is -0.64. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Andlauer Healthcare Gr, assuming nothing else is changed. The correlation between historical values of Andlauer Healthcare's Change To Inventory and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of Andlauer Healthcare Gr are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Change To Inventory i.e., Andlauer Healthcare's Change To Inventory and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | -0.64 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.Capital Expenditures
Capital Expenditures are funds used by Andlauer Healthcare to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Andlauer Healthcare operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Most indicators from Andlauer Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Andlauer Healthcare 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 Andlauer Healthcare Gr. 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. At this time, Andlauer Healthcare's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 3rd of December 2024, Enterprise Value Multiple is likely to grow to 14.86, while Tax Provision is likely to drop about 16.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 42.7M | 64.5M | 68.1M | 41.0M | Interest Income | 34.4M | 6.3M | 3.2M | 3.0M |
Andlauer Healthcare fundamental ratios Correlations
Click cells to compare fundamentals
Andlauer Healthcare Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Andlauer Healthcare fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 213.0M | 252.8M | 644.2M | 712.5M | 682.4M | 454.6M | |
Short Long Term Debt Total | 117.2M | 129.6M | 187.3M | 163.3M | 127.9M | 133.1M | |
Other Current Liab | 8.7M | 1.5M | 13.7M | 16.3M | 450K | 427.5K | |
Total Current Liabilities | 56.7M | 48.1M | 90.5M | 85.8M | 69.5M | 65.1M | |
Total Stockholder Equity | 61.5M | 94.3M | 352.1M | 441.0M | 469.6M | 258.0M | |
Other Liab | 656K | 2.0M | 51.7M | 49.0M | 56.3M | 59.1M | |
Net Tangible Assets | 40.1M | 59.8M | 16.9M | 83.3M | 75.0M | 66.2M | |
Property Plant And Equipment Net | 103.3M | 118.9M | 178.1M | 175.9M | 166.2M | 141.6M | |
Current Deferred Revenue | 879K | 1.0M | 1.8M | 1.1M | 966K | 1.1M | |
Net Debt | 98.5M | 99.5M | 162.3M | 97.4M | 68.2M | 86.7M | |
Accounts Payable | 24.1M | 24.3M | 37.6M | 41.8M | 40.4M | 32.7M | |
Cash | 18.7M | 30.1M | 25.0M | 65.9M | 59.7M | 46.4M | |
Non Current Assets Total | 125.7M | 160.3M | 522.0M | 540.4M | 507.3M | 305.9M | |
Non Currrent Assets Other | 938K | 810K | 847K | 997K | 911K | 967.3K | |
Other Assets | 984K | 6.9M | 8.7M | 5.8M | 6.7M | 4.1M | |
Cash And Short Term Investments | 18.7M | 30.1M | 25.0M | 65.9M | 59.7M | 46.4M | |
Net Receivables | 65.2M | 58.2M | 90.2M | 98.5M | 103.4M | 96.6M | |
Common Stock Shares Outstanding | 37.8M | 38.5M | 40.0M | 42.7M | 42.5M | 42.6M | |
Long Term Debt Total | 94.1M | 108.4M | 149.8M | 136.7M | 157.2M | 107.1M | |
Liabilities And Stockholders Equity | 213.0M | 252.8M | 644.2M | 712.5M | 682.4M | 454.6M | |
Non Current Liabilities Total | 94.8M | 110.4M | 201.5M | 185.7M | 143.4M | 127.9M | |
Capital Lease Obligations | 88.7M | 104.9M | 127.0M | 113.7M | 103.1M | 107.3M | |
Inventory | 1.1M | 1.2M | 2.3M | 3.3M | 5.3M | 5.6M | |
Other Current Assets | 2.3M | 2.8M | 4.7M | 4.4M | 6.6M | 3.4M | |
Other Stockholder Equity | 1.4M | 4.4M | 5.0M | 5.8M | 6.3M | 6.0M | |
Total Liab | 151.5M | 158.5M | 292.1M | 271.5M | 212.9M | 193.0M | |
Property Plant And Equipment Gross | 103.3M | 118.9M | 340.3M | 382.7M | 418.5M | 227.0M | |
Total Current Assets | 87.3M | 92.5M | 122.2M | 172.1M | 175.1M | 148.7M | |
Short Term Debt | 23.1M | 21.2M | 37.4M | 26.5M | 27.7M | 25.7M | |
Intangible Assets | 1.7M | 8.6M | 158.5M | 164.8M | 144.4M | 151.6M | |
Common Stock | 549.7M | 549.7M | 719.9M | 727.8M | 718.8M | 512.0M | |
Property Plant Equipment | 103.3M | 118.9M | 178.1M | 175.9M | 202.3M | 135.7M | |
Net Invested Capital | 90.0M | 119.0M | 412.4M | 490.5M | 494.4M | 302.9M | |
Net Working Capital | 30.6M | 44.4M | 31.6M | 86.3M | 105.6M | 59.7M |
Pair Trading with Andlauer Healthcare
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 Andlauer Healthcare 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 Andlauer Healthcare will appreciate offsetting losses from the drop in the long position's value.Moving together with Andlauer Stock
Moving against Andlauer Stock
The ability to find closely correlated positions to Andlauer Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Andlauer Healthcare 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 Andlauer Healthcare - 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 Andlauer Healthcare Gr to buy it.
The correlation of Andlauer Healthcare 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 Andlauer Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Andlauer Healthcare 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 Andlauer Healthcare 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.Other Information on Investing in Andlauer Stock
Balance Sheet is a snapshot of the financial position of Andlauer Healthcare at a specified time, usually calculated after every quarter, six months, or one year. Andlauer Healthcare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Andlauer Healthcare 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 Andlauer currently owns. An asset can also be divided into two categories, current and non-current.