Avid Total Revenue vs Non Current Assets Total Analysis

CDMO Stock  USD 12.46  0.02  0.16%   
Avid Bioservices financial indicator trend analysis is way more than just evaluating Avid Bioservices prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avid Bioservices is a good investment. Please check the relationship between Avid Bioservices Total Revenue and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avid Bioservices. 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.
To learn how to invest in Avid Stock, please use our How to Invest in Avid Bioservices guide.

Total Revenue vs Non Current Assets Total

Total Revenue vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avid Bioservices Total Revenue account and Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Avid Bioservices' Total Revenue and Non Current Assets Total is 0.94. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Avid Bioservices, assuming nothing else is changed. The correlation between historical values of Avid Bioservices' Total Revenue and Non Current Assets Total 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 Revenue of Avid Bioservices are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Revenue i.e., Avid Bioservices' Total Revenue and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Revenue

Total revenue comprises all receipts Avid Bioservices generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Avid Bioservices' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avid Bioservices 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 Avid Bioservices. 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.
To learn how to invest in Avid Stock, please use our How to Invest in Avid Bioservices guide.At this time, Avid Bioservices' Selling General Administrative is very stable compared to the past year. As of the 30th of January 2025, Discontinued Operations is likely to grow to about 1 M, while Sales General And Administrative To Revenue is likely to drop 0.20.
 2022 2023 2024 2025 (projected)
Total Operating Expenses27.9M26.0M29.9M28.1M
Cost Of Revenue117.8M132.6M152.5M160.1M

Avid Bioservices fundamental ratios Correlations

0.950.940.890.730.910.81-0.330.870.960.940.850.950.60.450.970.880.770.770.340.340.850.820.410.920.88
0.950.940.820.510.960.92-0.240.90.950.970.81.00.710.310.990.960.660.80.20.20.790.790.260.960.92
0.940.940.830.620.890.82-0.30.810.910.920.840.940.660.390.940.860.710.780.290.290.780.660.370.870.86
0.890.820.830.580.80.65-0.580.810.80.860.850.820.60.610.890.780.810.640.410.410.870.830.250.750.75
0.730.510.620.580.440.32-0.250.450.660.520.570.510.060.530.540.370.650.430.470.470.590.510.660.540.48
0.910.960.890.80.440.97-0.280.950.950.930.790.960.790.320.961.00.50.76-0.02-0.020.840.80.320.960.9
0.810.920.820.650.320.97-0.10.890.920.850.660.920.760.140.890.970.310.72-0.21-0.210.770.720.30.940.86
-0.33-0.24-0.3-0.58-0.25-0.28-0.1-0.33-0.21-0.39-0.67-0.24-0.37-0.89-0.32-0.28-0.5-0.35-0.33-0.33-0.41-0.260.02-0.16-0.37
0.870.90.810.810.450.950.89-0.330.910.870.720.90.70.360.910.940.510.680.010.010.840.790.440.880.82
0.960.950.910.80.660.950.92-0.210.910.910.780.950.640.330.940.930.560.750.070.070.870.810.480.970.88
0.940.970.920.860.520.930.85-0.390.870.910.90.970.650.430.970.920.720.890.270.270.780.740.250.880.96
0.850.80.840.850.570.790.66-0.670.720.780.90.80.620.680.840.770.720.860.320.320.740.610.190.740.9
0.951.00.940.820.510.960.92-0.240.90.950.970.80.710.310.990.960.660.80.20.20.790.790.260.960.92
0.60.710.660.60.060.790.76-0.370.70.640.650.620.710.290.710.820.310.43-0.13-0.130.640.6-0.080.720.6
0.450.310.390.610.530.320.14-0.890.360.330.430.680.310.290.380.30.570.370.420.420.480.340.170.250.4
0.970.990.940.890.540.960.89-0.320.910.940.970.840.990.710.380.950.710.790.250.250.830.820.270.940.91
0.880.960.860.780.371.00.97-0.280.940.930.920.770.960.820.30.950.480.75-0.04-0.040.820.790.260.950.89
0.770.660.710.810.650.50.31-0.50.510.560.720.720.660.310.570.710.480.560.840.840.530.580.110.510.59
0.770.80.780.640.430.760.72-0.350.680.750.890.860.80.430.370.790.750.560.210.210.540.450.180.710.96
0.340.20.290.410.47-0.02-0.21-0.330.010.070.270.320.2-0.130.420.25-0.040.840.211.00.030.14-0.10.020.15
0.340.20.290.410.47-0.02-0.21-0.330.010.070.270.320.2-0.130.420.25-0.040.840.211.00.030.14-0.10.020.15
0.850.790.780.870.590.840.77-0.410.840.870.780.740.790.640.480.830.820.530.540.030.030.90.490.820.69
0.820.790.660.830.510.80.72-0.260.790.810.740.610.790.60.340.820.790.580.450.140.140.90.270.830.63
0.410.260.370.250.660.320.30.020.440.480.250.190.26-0.080.170.270.260.110.18-0.1-0.10.490.270.310.22
0.920.960.870.750.540.960.94-0.160.880.970.880.740.960.720.250.940.950.510.710.020.020.820.830.310.86
0.880.920.860.750.480.90.86-0.370.820.880.960.90.920.60.40.910.890.590.960.150.150.690.630.220.86
Click cells to compare fundamentals

Avid Bioservices Account Relationship Matchups

Avid Bioservices fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets265.5M429.8M451.1M336.6M387.0M406.4M
Short Long Term Debt Total118.2M182.5M189.2M207.8M239.0M251.0M
Other Current Liab8.2M9.5M11.2M8.7M10.0M10.5M
Total Current Liabilities70.9M75.8M73.7M70.6M81.2M85.2M
Total Stockholder Equity77.7M174.5M189.5M60.9M70.0M38.7M
Property Plant And Equipment Net56.1M129.8M220.1M227.7M261.8M274.9M
Net Debt(51.7M)56.4M150.7M169.7M195.2M204.9M
Retained Earnings(559.9M)(431.4M)(430.8M)(571.9M)(514.7M)(488.9M)
Accounts Payable9.3M9.5M24.6M20.7M23.8M25.0M
Non Current Assets Total57.7M249.8M338.6M232.6M267.4M280.8M
Net Receivables25.0M25.9M27.9M29.0M33.4M35.0M
Common Stock Shares Outstanding59.4M70.5M63.8M63.2M72.7M76.3M
Liabilities And Stockholders Equity265.5M429.8M451.1M336.6M387.0M406.4M
Non Current Liabilities Total116.8M179.6M187.9M205.1M235.9M247.7M
Other Current Assets1.1M1.9M2.1M6.5M7.5M7.9M
Other Stockholder Equity637.5M605.8M620.2M632.7M727.6M364.2M
Total Liab187.8M255.3M261.6M275.7M317.0M332.9M
Property Plant And Equipment Gross56.1M129.8M220.1M264.3M303.9M319.1M
Total Current Assets207.8M180.0M112.5M104.0M119.6M125.6M
Cash169.9M126.2M38.5M38.1M43.8M36.3M
Cash And Short Term Investments169.9M126.2M38.5M38.1M43.8M36.3M
Inventory11.9M26.1M43.9M30.4M34.9M36.7M
Non Currrent Assets Other1.6M5.0M4.8M4.9M5.6M5.9M
Short Term Debt2.7M3.5M142.0M2.8M3.2M3.1M
Other Assets652K1.6M120.1M118.5M136.2M143.0M
Common Stock61K62K63K64K57.6K95.3K
Property Plant Equipment27.1M37.5M93.0M177.4M204.0M214.2M
Current Deferred Revenue50.8M53.8M37.4M39.9M45.9M48.2M
Retained Earnings Total Equity(571.1M)(559.9M)(431.4M)(430.8M)(387.7M)(407.1M)
Net Tangible Assets41.9M77.7M174.5M189.5M217.9M228.8M
Capital Surpluse612.9M637.5M605.8M620.2M713.3M623.0M

Pair Trading with Avid Bioservices

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 Avid Bioservices 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 Avid Bioservices will appreciate offsetting losses from the drop in the long position's value.

Moving together with Avid Stock

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Moving against Avid Stock

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The ability to find closely correlated positions to Avid Bioservices could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avid Bioservices 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 Avid Bioservices - 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 Avid Bioservices to buy it.
The correlation of Avid Bioservices 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 Avid Bioservices moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avid Bioservices 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 Avid Bioservices 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 CorrelationCorrelation Matching
When determining whether Avid Bioservices offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Avid Bioservices' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Avid Bioservices Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Avid Bioservices Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avid Bioservices. 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.
To learn how to invest in Avid Stock, please use our How to Invest in Avid Bioservices guide.
You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Avid Bioservices. If investors know Avid will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Avid Bioservices listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.80)
Earnings Share
(2.41)
Revenue Per Share
2.245
Quarterly Revenue Growth
0.065
Return On Assets
(0.03)
The market value of Avid Bioservices is measured differently than its book value, which is the value of Avid that is recorded on the company's balance sheet. Investors also form their own opinion of Avid Bioservices' value that differs from its market value or its book value, called intrinsic value, which is Avid Bioservices' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Avid Bioservices' market value can be influenced by many factors that don't directly affect Avid Bioservices' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Avid Bioservices' value and its price as these two are different measures arrived at by different means. Investors typically determine if Avid Bioservices is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avid Bioservices' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.