Asure Inventory Turnover vs Free Cash Flow Per Share Analysis

ASUR Stock

USD 9.65 0.13 1.37%

Asure Software financial indicator trend analysis is way more than just evaluating Asure Software prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Asure Software is a good investment. Please check the relationship between Asure Software Inventory Turnover and its Free Cash Flow Per Share accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Asure Software. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

To learn how to invest in Asure Stock, please use our How to Invest in Asure Software guide.

Inventory Turnover vs Free Cash Flow Per Share

Inventory Turnover vs Free Cash Flow Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Asure Software Inventory Turnover account and Free Cash Flow Per Share. At this time, the significance of the direction appears to have very week relationship.

The correlation between Asure Software's Inventory Turnover and Free Cash Flow Per Share is 0.22. Overlapping area represents the amount of variation of Inventory Turnover that can explain the historical movement of Free Cash Flow Per Share in the same time period over historical financial statements of Asure Software, assuming nothing else is changed. The correlation between historical values of Asure Software's Inventory Turnover and Free Cash Flow Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory Turnover of Asure Software are associated (or correlated) with its Free Cash Flow Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Per Share has no effect on the direction of Inventory Turnover i.e., Asure Software's Inventory Turnover and Free Cash Flow Per Share go up and down completely randomly.

Correlation Coefficient

0.22

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

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.

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Most indicators from Asure Software's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Asure Software 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 Asure Software. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

To learn how to invest in Asure Stock, please use our How to Invest in Asure Software guide.At this time, Asure Software's Tax Provision is relatively stable compared to the past year. As of 11/25/2024, Discontinued Operations is likely to grow to about 87.3 M, while Selling General Administrative is likely to drop slightly above 26.7 M.

	2021	2022	2023	2024 (projected)
Interest Expense	2.0M	4.4M	4.3M	2.3M
Depreciation And Amortization	17.8M	20.4M	20.6M	21.6M

Interest Expense Depreciation And Amortization

Asure Software fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Non Currrent Assets Other	Intangible Assets	Current Deferred Revenue	Common Stock Total Equity
Total Assets		0.38	0.98	0.98	0.97	0.95	0.01	-0.38	0.27	0.84	0.96	0.78	0.51	0.95	0.34	0.13	0.91	0.74	0.99	0.77	0.99	0.58	0.86	0.96	-0.49	0.31
Short Long Term Debt Total	0.38		0.21	0.24	0.26	0.19	0.89	-0.32	0.32	0.34	0.57	0.41	0.7	0.29	0.99	0.76	0.2	0.43	0.45	-0.03	0.26	0.41	0.12	0.52	0.3	-0.06
Other Current Liab	0.98	0.21		1.0	0.94	0.93	-0.15	-0.32	0.16	0.78	0.88	0.73	0.35	0.9	0.16	0.0	0.94	0.69	0.97	0.76	1.0	0.61	0.84	0.89	-0.58	0.35
Total Current Liabilities	0.98	0.24	1.0		0.93	0.93	-0.12	-0.34	0.18	0.79	0.88	0.74	0.37	0.9	0.19	0.01	0.94	0.7	0.97	0.75	1.0	0.64	0.83	0.89	-0.56	0.32
Total Stockholder Equity	0.97	0.26	0.94	0.93		0.99	-0.14	-0.35	0.31	0.85	0.94	0.76	0.49	0.98	0.23	0.02	0.85	0.69	0.92	0.88	0.95	0.41	0.93	0.93	-0.53	0.32
Property Plant And Equipment Net	0.95	0.19	0.93	0.93	0.99		-0.2	-0.35	0.32	0.82	0.91	0.73	0.47	0.98	0.16	-0.04	0.84	0.69	0.9	0.88	0.94	0.4	0.94	0.9	-0.53	0.3
Net Debt	0.01	0.89	-0.15	-0.12	-0.14	-0.2		-0.16	0.15	-0.11	0.21	0.01	0.48	-0.08	0.91	0.78	-0.1	0.18	0.1	-0.41	-0.12	0.18	-0.24	0.19	0.46	-0.15
Retained Earnings	-0.38	-0.32	-0.32	-0.34	-0.35	-0.35	-0.16		-0.41	-0.36	-0.43	-0.31	-0.42	-0.5	-0.3	0.04	-0.31	-0.76	-0.39	-0.33	-0.34	-0.31	-0.35	-0.29	0.28	0.26
Accounts Payable	0.27	0.32	0.16	0.18	0.31	0.32	0.15	-0.41		0.31	0.37	0.11	0.53	0.36	0.31	0.4	0.17	0.15	0.23	0.5	0.19	-0.1	0.51	0.26	0.26	-0.28
Cash	0.84	0.34	0.78	0.79	0.85	0.82	-0.11	-0.36	0.31		0.81	0.94	0.54	0.81	0.28	0.02	0.65	0.61	0.8	0.76	0.82	0.57	0.74	0.75	-0.31	0.18
Non Current Assets Total	0.96	0.57	0.88	0.88	0.94	0.91	0.21	-0.43	0.37	0.81		0.76	0.66	0.94	0.55	0.29	0.8	0.76	0.95	0.73	0.9	0.49	0.83	0.98	-0.37	0.25
Cash And Short Term Investments	0.78	0.41	0.73	0.74	0.76	0.73	0.01	-0.31	0.11	0.94	0.76		0.56	0.72	0.35	0.08	0.58	0.7	0.77	0.58	0.77	0.65	0.59	0.72	-0.27	0.18
Net Receivables	0.51	0.7	0.35	0.37	0.49	0.47	0.48	-0.42	0.53	0.54	0.66	0.56		0.56	0.71	0.46	0.37	0.57	0.5	0.45	0.4	0.23	0.52	0.54	0.28	-0.06
Common Stock Shares Outstanding	0.95	0.29	0.9	0.9	0.98	0.98	-0.08	-0.5	0.36	0.81	0.94	0.72	0.56		0.27	0.0	0.84	0.77	0.9	0.87	0.92	0.4	0.93	0.9	-0.51	0.24
Non Current Liabilities Total	0.34	0.99	0.16	0.19	0.23	0.16	0.91	-0.3	0.31	0.28	0.55	0.35	0.71	0.27		0.78	0.15	0.41	0.4	-0.05	0.21	0.31	0.11	0.5	0.31	-0.06
Inventory	0.13	0.76	0.0	0.01	0.02	-0.04	0.78	0.04	0.4	0.02	0.29	0.08	0.46	0.0	0.78		-0.02	0.07	0.19	-0.15	0.02	0.02	0.02	0.31	0.4	-0.02
Other Current Assets	0.91	0.2	0.94	0.94	0.85	0.84	-0.1	-0.31	0.17	0.65	0.8	0.58	0.37	0.84	0.15	-0.02		0.62	0.91	0.72	0.94	0.61	0.8	0.8	-0.48	0.34
Other Stockholder Equity	0.74	0.43	0.69	0.7	0.69	0.69	0.18	-0.76	0.15	0.61	0.76	0.7	0.57	0.77	0.41	0.07	0.62		0.75	0.49	0.7	0.52	0.57	0.7	-0.45	0.04
Total Liab	0.99	0.45	0.97	0.97	0.92	0.9	0.1	-0.39	0.23	0.8	0.95	0.77	0.5	0.9	0.4	0.19	0.91	0.75		0.68	0.98	0.67	0.79	0.95	-0.45	0.29
Property Plant And Equipment Gross	0.77	-0.03	0.76	0.75	0.88	0.88	-0.41	-0.33	0.5	0.76	0.73	0.58	0.45	0.87	-0.05	-0.15	0.72	0.49	0.68		0.77	0.13	0.97	0.68	-0.43	0.23
Total Current Assets	0.99	0.26	1.0	1.0	0.95	0.94	-0.12	-0.34	0.19	0.82	0.9	0.77	0.4	0.92	0.21	0.02	0.94	0.7	0.98	0.77		0.62	0.85	0.91	-0.55	0.33
Short Term Debt	0.58	0.41	0.61	0.64	0.41	0.4	0.18	-0.31	-0.1	0.57	0.49	0.65	0.23	0.4	0.31	0.02	0.61	0.52	0.67	0.13	0.62		0.2	0.47	-0.15	0.04
Non Currrent Assets Other	0.86	0.12	0.84	0.83	0.93	0.94	-0.24	-0.35	0.51	0.74	0.83	0.59	0.52	0.93	0.11	0.02	0.8	0.57	0.79	0.97	0.85	0.2		0.8	-0.44	0.28
Intangible Assets	0.96	0.52	0.89	0.89	0.93	0.9	0.19	-0.29	0.26	0.75	0.98	0.72	0.54	0.9	0.5	0.31	0.8	0.7	0.95	0.68	0.91	0.47	0.8		-0.43	0.33
Current Deferred Revenue	-0.49	0.3	-0.58	-0.56	-0.53	-0.53	0.46	0.28	0.26	-0.31	-0.37	-0.27	0.28	-0.51	0.31	0.4	-0.48	-0.45	-0.45	-0.43	-0.55	-0.15	-0.44	-0.43		-0.53
Common Stock Total Equity	0.31	-0.06	0.35	0.32	0.32	0.3	-0.15	0.26	-0.28	0.18	0.25	0.18	-0.06	0.24	-0.06	-0.02	0.34	0.04	0.29	0.23	0.33	0.04	0.28	0.33	-0.53

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Asure Software Account Relationship Matchups

Asure Software fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	335.0M	515.4M	433.2M	419.9M	443.9M	466.1M
Short Long Term Debt Total	34.2M	31.7M	41.3M	43.2M	10.4M	20.5M
Other Current Liab	155.2M	326.9M	223.5M	216.7M	228.9M	240.4M
Total Current Liabilities	166.6M	350.0M	232.8M	235.2M	241.3M	253.4M
Total Stockholder Equity	137.6M	145.7M	158.2M	145.1M	191.7M	201.2M
Property Plant And Equipment Net	14.8M	14.7M	14.7M	18.5M	19.5M	20.5M
Net Debt	5.4M	3.2M	27.9M	26.2M	(19.9M)	(18.9M)
Retained Earnings	(253.6M)	(270.0M)	(266.8M)	(281.2M)	(290.4M)	(305.0M)
Accounts Payable	1.7M	1.3M	565K	2.2M	2.6M	4.2M
Cash	28.8M	28.6M	13.4M	17.0M	30.3M	31.8M
Non Current Assets Total	150.6M	157.2M	183.4M	176.6M	176.6M	185.5M
Cash And Short Term Investments	28.8M	28.6M	13.4M	17.0M	30.3M	15.2M
Net Receivables	4.8M	3.8M	5.3M	12.1M	14.2M	8.2M
Common Stock Shares Outstanding	15.5M	15.9M	19.5M	20.1M	22.1M	23.2M
Liabilities And Stockholders Equity	335.0M	515.4M	433.2M	419.9M	443.9M	466.1M
Non Current Liabilities Total	30.9M	19.7M	42.2M	39.7M	10.9M	15.5M
Inventory	656K	449K	246K	251K	155K	147.3K
Other Current Assets	1.3M	323.9M	230.9M	213.9M	222.5M	233.7M
Other Stockholder Equity	391.1M	414.8M	424.9M	428.6M	483.0M	281.3M
Total Liab	197.5M	369.8M	275.0M	274.8M	252.2M	264.8M
Property Plant And Equipment Gross	14.8M	14.7M	14.7M	18.5M	43.5M	45.7M
Total Current Assets	184.4M	358.2M	249.8M	243.3M	267.2M	280.6M
Accumulated Other Comprehensive Income	(25K)	604K	(99K)	(2.5M)	(1.1M)	(1.2M)
Short Term Debt	4.1M	16.0M	5.0M	7.8M	3.0M	3.3M
Non Currrent Assets Other	3.2M	4.0M	4.1M	5.5M	9.0M	9.5M
Intangible Assets	63.9M	64.6M	78.6M	66.6M	62.1M	65.2M
Current Deferred Revenue	5.5M	5.8M	3.8M	8.5M	6.9M	6.7M
Common Stock Total Equity	157K	161K	193K	204K	183.6K	167.9K
Common Stock	161K	193K	204K	206K	254K	169.3K
Other Liab	797K	2.2M	4.3M	2.4M	2.2M	1.5M
Other Assets	3.2M	331.5M	4.1M	5.5M	1.0	0.95
Property Plant Equipment	7.9M	8.3M	14.7M	18.5M	21.3M	22.3M
Long Term Debt	24.1M	12.2M	33.1M	30.8M	4.3M	4.1M
Good Will	111.4M	68.7M	74.0M	86.0M	98.9M	55.3M
Net Tangible Assets	5.0M	7.1M	(6.3M)	(7.5M)	(8.7M)	(9.1M)
Retained Earnings Total Equity	(283.6M)	(253.6M)	(270.0M)	(266.8M)	(240.1M)	(252.1M)
Long Term Debt Total	107.2M	24.1M	12.2M	33.1M	38.1M	34.8M
Capital Surpluse	391.9M	396.1M	419.8M	429.9M	494.4M	372.1M

Pair Trading with Asure Software

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 Asure Software 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 Asure Software will appreciate offsetting losses from the drop in the long position's value.

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

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

Additional Tools for Asure Stock Analysis

When running Asure Software's price analysis, check to measure Asure Software's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Asure Software is operating at the current time. Most of Asure Software's value examination focuses on studying past and present price action to predict the probability of Asure Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asure Software's price. Additionally, you may evaluate how the addition of Asure Software to your portfolios can decrease your overall portfolio volatility.

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Asure Inventory Turnover vs Free Cash Flow Per Share Analysis

Inventory Turnover vs Free Cash Flow Per Share

Inventory Turnover vs Free Cash Flow Per Share Correlation Analysis

Correlation Coefficient

Inventory Turnover

Free Cash Flow Per Share

Asure Software fundamental ratios Correlations

Asure Software Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Asure Software fundamental ratios Accounts

Pair Trading with Asure Software

Additional Tools for Asure Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Liabilities	+ 1.0	Other Current Liab
Total Current Assets	+ 1.0	Other Current Liab
Total Current Assets	+ 1.0	Total Current Liabilities
Total Liab	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total

Other Stockholder Equity	- 0.76	Retained Earnings
Current Deferred Revenue	- 0.58	Other Current Liab
Current Deferred Revenue	- 0.56	Total Current Liabilities
Current Deferred Revenue	- 0.55	Total Current Assets
Common Stock Total Equity	- 0.53	Current Deferred Revenue
Current Deferred Revenue	- 0.53	Property Plant And Equipment Net