AZZ Total Operating Expenses vs Ebitda Analysis

AZZ Stock

USD 95.33 0.21 0.22%

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

For more information on how to buy AZZ Stock please use our How to Invest in AZZ Incorporated guide.

Total Operating Expenses vs Ebitda

Total Operating Expenses vs Ebitda Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AZZ Incorporated Total Operating Expenses account and Ebitda. At this time, the significance of the direction appears to have strong relationship.

The correlation between AZZ Incorporated's Total Operating Expenses and Ebitda is 0.67. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Ebitda in the same time period over historical financial statements of AZZ Incorporated, assuming nothing else is changed. The correlation between historical values of AZZ Incorporated's Total Operating Expenses and Ebitda 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 Operating Expenses of AZZ Incorporated are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Total Operating Expenses i.e., AZZ Incorporated's Total Operating Expenses and Ebitda go up and down completely randomly.

Correlation Coefficient

0.67

Relationship Direction	Positive
Relationship Strength	Significant

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Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Ebitda

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

For more information on how to buy AZZ Stock please use our How to Invest in AZZ Incorporated guide.Selling General Administrative is likely to drop to about 134.8 M in 2024. Tax Provision is likely to drop to about 18.3 M in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	225.2M	295.9M	363.5M	381.6M
Total Revenue	902.7M	1.3B	1.5B	1.6B

Gross Profit Total Revenue

AZZ Incorporated 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	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	Accounts Payable	Other Assets	Long Term Debt
Total Assets		0.95	0.92	0.87	0.94	0.99	0.95	0.7	-0.46	0.99	-0.46	0.84	0.33	0.97	0.71	0.04	0.73	0.98	0.92	0.78	0.04	-0.34	0.95	0.94	0.47	0.95
Short Long Term Debt Total	0.95		0.81	0.77	0.8	0.96	1.0	0.45	-0.43	0.97	-0.43	0.74	0.14	1.0	0.56	-0.09	0.73	0.99	0.9	0.6	0.12	-0.35	1.0	0.93	0.55	1.0
Other Current Liab	0.92	0.81		0.88	0.94	0.91	0.81	0.79	-0.38	0.9	-0.38	0.73	0.42	0.83	0.74	0.31	0.55	0.86	0.87	0.83	0.03	-0.36	0.79	0.76	0.23	0.8
Total Current Liabilities	0.87	0.77	0.88		0.86	0.83	0.75	0.79	-0.16	0.82	-0.16	0.83	0.64	0.78	0.92	0.11	0.48	0.82	0.73	0.93	0.32	0.07	0.78	0.82	0.29	0.75
Total Stockholder Equity	0.94	0.8	0.94	0.86		0.91	0.8	0.88	-0.48	0.91	-0.48	0.86	0.48	0.83	0.77	0.17	0.64	0.85	0.85	0.85	-0.07	-0.33	0.8	0.85	0.33	0.79
Property Plant And Equipment Net	0.99	0.96	0.91	0.83	0.91		0.97	0.63	-0.47	0.99	-0.47	0.8	0.28	0.97	0.63	-0.01	0.67	0.98	0.96	0.69	0.07	-0.38	0.96	0.92	0.41	0.96
Net Debt	0.95	1.0	0.81	0.75	0.8	0.97		0.46	-0.48	0.97	-0.48	0.74	0.12	1.0	0.55	-0.08	0.74	0.99	0.91	0.59	0.08	-0.38	0.99	0.93	0.55	1.0
Retained Earnings	0.7	0.45	0.79	0.79	0.88	0.63	0.46		-0.34	0.63	-0.34	0.78	0.73	0.49	0.85	0.27	0.39	0.54	0.56	0.9	0.0	-0.04	0.47	0.62	0.1	0.44
Cash	-0.46	-0.43	-0.38	-0.16	-0.48	-0.47	-0.48	-0.34		-0.49	1.0	-0.33	0.2	-0.44	-0.18	-0.11	-0.48	-0.42	-0.45	-0.12	0.32	0.4	-0.42	-0.45	-0.28	-0.44
Non Current Assets Total	0.99	0.97	0.9	0.82	0.91	0.99	0.97	0.63	-0.49		-0.49	0.81	0.25	0.98	0.64	0.0	0.73	0.98	0.94	0.71	0.02	-0.4	0.97	0.94	0.48	0.97
Cash And Short Term Investments	-0.46	-0.43	-0.38	-0.16	-0.48	-0.47	-0.48	-0.34	1.0	-0.49		-0.33	0.2	-0.44	-0.18	-0.11	-0.48	-0.42	-0.45	-0.12	0.32	0.4	-0.42	-0.45	-0.28	-0.44
Net Receivables	0.84	0.74	0.73	0.83	0.86	0.8	0.74	0.78	-0.33	0.81	-0.33		0.63	0.76	0.76	-0.26	0.59	0.78	0.71	0.81	0.15	-0.01	0.77	0.91	0.4	0.73
Common Stock Shares Outstanding	0.33	0.14	0.42	0.64	0.48	0.28	0.12	0.73	0.2	0.25	0.2	0.63		0.16	0.72	-0.12	-0.05	0.22	0.22	0.7	0.49	0.45	0.18	0.35	-0.16	0.12
Non Current Liabilities Total	0.97	1.0	0.83	0.78	0.83	0.97	1.0	0.49	-0.44	0.98	-0.44	0.76	0.16		0.58	-0.06	0.75	1.0	0.9	0.63	0.07	-0.37	0.99	0.94	0.56	1.0
Inventory	0.71	0.56	0.74	0.92	0.77	0.63	0.55	0.85	-0.18	0.64	-0.18	0.76	0.72	0.58		0.21	0.47	0.63	0.47	0.95	0.28	0.24	0.57	0.7	0.33	0.54
Other Current Assets	0.04	-0.09	0.31	0.11	0.17	-0.01	-0.08	0.27	-0.11	0.0	-0.11	-0.26	-0.12	-0.06	0.21		0.1	-0.04	-0.04	0.27	-0.39	-0.27	-0.16	-0.21	-0.05	-0.09
Other Stockholder Equity	0.73	0.73	0.55	0.48	0.64	0.67	0.74	0.39	-0.48	0.73	-0.48	0.59	-0.05	0.75	0.47	0.1		0.74	0.49	0.52	-0.34	-0.49	0.71	0.75	0.92	0.74
Total Liab	0.98	0.99	0.86	0.82	0.85	0.98	0.99	0.54	-0.42	0.98	-0.42	0.78	0.22	1.0	0.63	-0.04	0.74		0.9	0.68	0.11	-0.33	0.99	0.94	0.54	0.99
Property Plant And Equipment Gross	0.92	0.9	0.87	0.73	0.85	0.96	0.91	0.56	-0.45	0.94	-0.45	0.71	0.22	0.9	0.47	-0.04	0.49	0.9		0.56	0.05	-0.43	0.9	0.82	0.19	0.9
Total Current Assets	0.78	0.6	0.83	0.93	0.85	0.69	0.59	0.9	-0.12	0.71	-0.12	0.81	0.7	0.63	0.95	0.27	0.52	0.68	0.56		0.13	0.05	0.61	0.72	0.33	0.59
Short Term Debt	0.04	0.12	0.03	0.32	-0.07	0.07	0.08	0.0	0.32	0.02	0.32	0.15	0.49	0.07	0.28	-0.39	-0.34	0.11	0.05	0.13		0.65	0.15	0.14	-0.23	0.09
Non Currrent Assets Other	-0.34	-0.35	-0.36	0.07	-0.33	-0.38	-0.38	-0.04	0.4	-0.4	0.4	-0.01	0.45	-0.37	0.24	-0.27	-0.49	-0.33	-0.43	0.05	0.65		-0.3	-0.17	-0.26	-0.36
Intangible Assets	0.95	1.0	0.79	0.78	0.8	0.96	0.99	0.47	-0.42	0.97	-0.42	0.77	0.18	0.99	0.57	-0.16	0.71	0.99	0.9	0.61	0.15	-0.3		0.95	0.54	1.0
Accounts Payable	0.94	0.93	0.76	0.82	0.85	0.92	0.93	0.62	-0.45	0.94	-0.45	0.91	0.35	0.94	0.7	-0.21	0.75	0.94	0.82	0.72	0.14	-0.17	0.95		0.59	0.93
Other Assets	0.47	0.55	0.23	0.29	0.33	0.41	0.55	0.1	-0.28	0.48	-0.28	0.4	-0.16	0.56	0.33	-0.05	0.92	0.54	0.19	0.33	-0.23	-0.26	0.54	0.59		0.56
Long Term Debt	0.95	1.0	0.8	0.75	0.79	0.96	1.0	0.44	-0.44	0.97	-0.44	0.73	0.12	1.0	0.54	-0.09	0.74	0.99	0.9	0.59	0.09	-0.36	1.0	0.93	0.56

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AZZ Total Operating Expenses vs Ebitda Analysis

Total Operating Expenses vs Ebitda

Total Operating Expenses vs Ebitda Correlation Analysis

Correlation Coefficient

Total Operating Expenses

Ebitda

AZZ Incorporated fundamental ratios Correlations

AZZ Incorporated Account Relationship Matchups

High Positive Relationship

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

Non Currrent Assets Other	- 0.49	Other Stockholder Equity
Cash And Short Term Investments	- 0.49	Non Current Assets Total
Non Current Assets Total	- 0.49	Cash
Other Stockholder Equity	- 0.48	Cash And Short Term Investments
Other Stockholder Equity	- 0.48	Cash
Cash And Short Term Investments	- 0.48	Net Debt