Atmus Good Will vs Net Invested Capital Analysis

ATMU Stock

44.50 0.73 1.67%

Atmus Filtration financial indicator trend analysis is way more than just evaluating Atmus Filtration Tec prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Atmus Filtration Tec is a good investment. Please check the relationship between Atmus Filtration Good Will and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atmus Filtration Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Good Will vs Net Invested Capital

Good Will vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Atmus Filtration Tec Good Will account and Net Invested Capital. At this time, the significance of the direction appears to have pay attention.

The correlation between Atmus Filtration's Good Will and Net Invested Capital is -0.8. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Atmus Filtration Technologies, assuming nothing else is changed. The correlation between historical values of Atmus Filtration's Good Will and Net Invested 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 Good Will of Atmus Filtration Technologies are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Good Will i.e., Atmus Filtration's Good Will and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

-0.8

Relationship Direction	Negative
Relationship Strength	Significant

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Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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

Tax Provision is likely to drop to about 38.5 M in 2024. Selling General Administrative is likely to drop to about 156.1 M in 2024

	2021	2022	2023	2024 (projected)
Total Revenue	1.4B	1.6B	1.6B	1.6B
Depreciation And Amortization	21M	21.6M	21.5M	23.3M

Total Revenue Depreciation And Amortization

Atmus Filtration fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock
Total Assets		0.92	0.89	0.93	-0.93	-0.9	0.92	0.71	0.91	-0.09	0.94	0.95	0.17	-0.75	0.86	0.93	-0.81	0.5	-0.81	0.93	0.85	0.14	-0.05	0.96	1.0	0.98
Short Long Term Debt Total	0.92		0.69	0.76	-1.0	-0.92	0.94	0.83	1.0	0.22	1.0	0.93	-0.08	-0.93	0.99	0.81	-0.95	0.71	-0.95	1.0	0.69	0.34	0.27	0.87	0.9	0.92
Other Current Liab	0.89	0.69		0.99	-0.71	-0.75	0.65	0.31	0.68	-0.52	0.74	0.89	0.58	-0.4	0.58	0.98	-0.63	0.41	-0.63	0.71	0.98	-0.28	-0.49	0.79	0.88	0.82
Total Current Liabilities	0.93	0.76	0.99		-0.78	-0.82	0.72	0.4	0.75	-0.43	0.8	0.93	0.5	-0.49	0.66	0.99	-0.71	0.48	-0.71	0.78	0.98	-0.19	-0.4	0.82	0.91	0.86
Total Stockholder Equity	-0.93	-1.0	-0.71	-0.78		0.92	-0.95	-0.82	-1.0	-0.19	-1.0	-0.94	0.05	0.92	-0.98	-0.82	0.94	-0.69	0.94	-1.0	-0.71	-0.31	-0.24	-0.89	-0.92	-0.93
Other Liab	-0.9	-0.92	-0.75	-0.82	0.92		-0.9	-0.74	-0.92	-0.12	-0.93	-0.91	0.01	0.78	-0.89	-0.87	0.89	-0.69	0.89	-0.92	-0.74	-0.32	-0.12	-0.81	-0.88	-0.92
Net Tangible Assets	0.92	0.94	0.65	0.72	-0.95	-0.9		0.92	0.95	0.29	0.94	0.83	-0.23	-0.9	0.94	0.74	-0.81	0.47	-0.81	0.94	0.59	0.51	0.32	0.95	0.93	0.97
Property Plant And Equipment Net	0.71	0.83	0.31	0.4	-0.82	-0.74	0.92		0.84	0.62	0.8	0.59	-0.57	-0.92	0.89	0.44	-0.68	0.35	-0.68	0.82	0.24	0.78	0.64	0.8	0.73	0.8
Net Debt	0.91	1.0	0.68	0.75	-1.0	-0.92	0.95	0.84		0.24	1.0	0.92	-0.1	-0.94	0.99	0.8	-0.95	0.71	-0.95	1.0	0.67	0.36	0.29	0.87	0.9	0.91
Accounts Payable	-0.09	0.22	-0.52	-0.43	-0.19	-0.12	0.29	0.62	0.24		0.16	-0.15	-0.97	-0.52	0.36	-0.36	-0.19	0.14	-0.19	0.2	-0.55	0.91	0.99	0.03	-0.07	0.04
Cash	0.94	1.0	0.74	0.8	-1.0	-0.93	0.94	0.8	1.0	0.16		0.95	-0.02	-0.91	0.98	0.84	-0.95	0.71	-0.95	1.0	0.73	0.29	0.21	0.88	0.92	0.93
Non Current Assets Total	0.95	0.93	0.89	0.93	-0.94	-0.91	0.83	0.59	0.92	-0.15	0.95		0.29	-0.74	0.86	0.96	-0.91	0.72	-0.91	0.94	0.91	-0.01	-0.1	0.84	0.92	0.89
Non Currrent Assets Other	0.17	-0.08	0.58	0.5	0.05	0.01	-0.23	-0.57	-0.1	-0.97	-0.02	0.29		0.39	-0.22	0.46	0.0	0.1	0.0	-0.05	0.64	-0.94	-0.94	0.0	0.13	0.01
Other Assets	-0.75	-0.93	-0.4	-0.49	0.92	0.78	-0.9	-0.92	-0.94	-0.52	-0.91	-0.74	0.39		-0.97	-0.55	0.87	-0.64	0.87	-0.93	-0.39	-0.56	-0.58	-0.77	-0.74	-0.78
Cash And Short Term Investments	0.86	0.99	0.58	0.66	-0.98	-0.89	0.94	0.89	0.99	0.36	0.98	0.86	-0.22	-0.97		0.72	-0.94	0.7	-0.94	0.98	0.57	0.46	0.41	0.84	0.85	0.88
Net Receivables	0.93	0.81	0.98	0.99	-0.82	-0.87	0.74	0.44	0.8	-0.36	0.84	0.96	0.46	-0.55	0.72		-0.78	0.58	-0.78	0.82	0.97	-0.15	-0.34	0.81	0.91	0.87
Good Will	-0.81	-0.95	-0.63	-0.71	0.94	0.89	-0.81	-0.68	-0.95	-0.19	-0.95	-0.91	0.0	0.87	-0.94	-0.78		-0.89	1.0	-0.95	-0.68	-0.21	-0.24	-0.69	-0.77	-0.78
Common Stock Shares Outstanding	0.5	0.71	0.41	0.48	-0.69	-0.69	0.47	0.35	0.71	0.14	0.71	0.72	0.1	-0.64	0.7	0.58	-0.89		-0.89	0.71	0.54	0.02	0.18	0.3	0.43	0.43
Short Term Investments	-0.81	-0.95	-0.63	-0.71	0.94	0.89	-0.81	-0.68	-0.95	-0.19	-0.95	-0.91	0.0	0.87	-0.94	-0.78	1.0	-0.89		-0.95	-0.68	-0.21	-0.24	-0.69	-0.77	-0.78
Non Current Liabilities Total	0.93	1.0	0.71	0.78	-1.0	-0.92	0.94	0.82	1.0	0.2	1.0	0.94	-0.05	-0.93	0.98	0.82	-0.95	0.71	-0.95		0.7	0.31	0.25	0.88	0.91	0.92
Inventory	0.85	0.69	0.98	0.98	-0.71	-0.74	0.59	0.24	0.67	-0.55	0.73	0.91	0.64	-0.39	0.57	0.97	-0.68	0.54	-0.68	0.7		-0.37	-0.51	0.7	0.82	0.75
Other Current Assets	0.14	0.34	-0.28	-0.19	-0.31	-0.32	0.51	0.78	0.36	0.91	0.29	-0.01	-0.94	-0.56	0.46	-0.15	-0.21	0.02	-0.21	0.31	-0.37		0.87	0.29	0.18	0.31
Other Stockholder Equity	-0.05	0.27	-0.49	-0.4	-0.24	-0.12	0.32	0.64	0.29	0.99	0.21	-0.1	-0.94	-0.58	0.41	-0.34	-0.24	0.18	-0.24	0.25	-0.51	0.87		0.07	-0.04	0.07
Total Liab	0.96	0.87	0.79	0.82	-0.89	-0.81	0.95	0.8	0.87	0.03	0.88	0.84	0.0	-0.77	0.84	0.81	-0.69	0.3	-0.69	0.88	0.7	0.29	0.07		0.98	0.98
Total Current Assets	1.0	0.9	0.88	0.91	-0.92	-0.88	0.93	0.73	0.9	-0.07	0.92	0.92	0.13	-0.74	0.85	0.91	-0.77	0.43	-0.77	0.91	0.82	0.18	-0.04	0.98		0.99
Common Stock	0.98	0.92	0.82	0.86	-0.93	-0.92	0.97	0.8	0.91	0.04	0.93	0.89	0.01	-0.78	0.88	0.87	-0.78	0.43	-0.78	0.92	0.75	0.31	0.07	0.98	0.99

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Atmus Good Will vs Net Invested Capital Analysis

Good Will vs Net Invested Capital

Good Will vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Good Will

Net Invested Capital

Atmus Filtration fundamental ratios Correlations

Atmus Filtration Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Total Current Assets	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Cash	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Cash	+ 1.0	Net Debt
Non Current Liabilities Total	+ 1.0	Net Debt

Non Current Liabilities Total	- 1.0	Total Stockholder Equity
Cash	- 1.0	Total Stockholder Equity
Net Debt	- 1.0	Total Stockholder Equity
Total Stockholder Equity	- 1.0	Short Long Term Debt Total
Cash And Short Term Investments	- 0.98	Total Stockholder Equity
Cash And Short Term Investments	- 0.97	Other Assets