CTS Sale Purchase Of Stock vs Change To Inventory Analysis

CTS Stock  USD 56.23  0.60  1.08%   
CTS financial indicator trend analysis is way more than just evaluating CTS Corporation prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CTS Corporation is a good investment. Please check the relationship between CTS Sale Purchase Of Stock and its Change To Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CTS Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Sale Purchase Of Stock vs Change To Inventory

Sale Purchase Of Stock vs Change To Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CTS Corporation Sale Purchase Of Stock account and Change To Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between CTS's Sale Purchase Of Stock and Change To Inventory is -0.22. Overlapping area represents the amount of variation of Sale Purchase Of Stock that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of CTS Corporation, assuming nothing else is changed. The correlation between historical values of CTS's Sale Purchase Of Stock and Change To Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Sale Purchase Of Stock of CTS Corporation are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Sale Purchase Of Stock i.e., CTS's Sale Purchase Of Stock and Change To Inventory go up and down completely randomly.

Correlation Coefficient

-0.22
Relationship DirectionNegative 
Relationship StrengthInsignificant

Sale Purchase Of Stock

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.
Most indicators from CTS's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CTS Corporation 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 CTS Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
At this time, CTS's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 12.36 in 2024, whereas Selling General Administrative is likely to drop slightly above 67.3 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit184.6M210.5M190.9M130.6M
Total Revenue512.9M586.9M550.4M488.0M

CTS fundamental ratios Correlations

0.210.00.660.950.82-0.270.960.60.95-0.10.60.79-0.580.630.16-0.47-0.730.710.320.82-0.240.740.460.860.82
0.210.460.190.03-0.07-0.030.180.470.080.050.470.070.020.64-0.140.05-0.360.54-0.090.40.48-0.040.150.290.33
0.00.460.39-0.15-0.3-0.17-0.010.33-0.070.180.330.010.180.26-0.25-0.28-0.220.34-0.220.150.49-0.170.220.170.28
0.660.190.390.480.44-0.150.580.460.50.30.460.890.020.580.43-0.25-0.420.810.080.77-0.20.350.910.640.75
0.950.03-0.150.480.82-0.410.950.550.96-0.290.550.64-0.70.370.02-0.56-0.70.460.350.67-0.210.760.250.820.74
0.82-0.07-0.30.440.820.010.750.280.88-0.240.280.71-0.450.460.29-0.32-0.530.50.460.48-0.480.810.310.570.54
-0.27-0.03-0.17-0.15-0.410.01-0.34-0.74-0.250.32-0.74-0.010.120.260.420.60.540.13-0.35-0.24-0.38-0.320.03-0.55-0.52
0.960.18-0.010.580.950.75-0.340.540.94-0.220.540.69-0.630.49-0.01-0.57-0.740.580.250.71-0.140.670.380.890.84
0.60.470.330.460.550.28-0.740.540.51-0.091.00.37-0.050.42-0.16-0.55-0.830.480.520.60.240.60.260.790.79
0.950.08-0.070.50.960.88-0.250.940.51-0.290.510.67-0.630.49-0.02-0.62-0.760.550.350.6-0.260.820.260.80.77
-0.10.050.180.3-0.29-0.240.32-0.22-0.09-0.29-0.090.250.40.350.470.490.220.37-0.170.28-0.36-0.340.49-0.08-0.06
0.60.470.330.460.550.28-0.740.541.00.51-0.090.37-0.050.42-0.16-0.55-0.830.480.520.60.240.60.260.790.79
0.790.070.010.890.640.71-0.010.690.370.670.250.37-0.10.650.59-0.14-0.440.810.240.81-0.420.550.860.660.71
-0.580.020.180.02-0.7-0.450.12-0.63-0.05-0.630.4-0.05-0.1-0.080.20.320.26-0.050.1-0.310.06-0.260.26-0.33-0.19
0.630.640.260.580.370.460.260.490.420.490.350.420.65-0.080.350.0-0.480.950.140.7-0.180.380.540.520.54
0.16-0.14-0.250.430.020.290.42-0.01-0.16-0.020.47-0.160.590.20.350.60.330.420.230.45-0.520.080.61-0.02-0.08
-0.470.05-0.28-0.25-0.56-0.320.6-0.57-0.55-0.620.49-0.55-0.140.320.00.60.73-0.09-0.21-0.07-0.15-0.580.07-0.6-0.66
-0.73-0.36-0.22-0.42-0.7-0.530.54-0.74-0.83-0.760.22-0.83-0.440.26-0.480.330.73-0.51-0.42-0.48-0.1-0.72-0.18-0.84-0.86
0.710.540.340.810.460.50.130.580.480.550.370.480.81-0.050.950.42-0.09-0.510.130.81-0.210.410.740.620.68
0.32-0.09-0.220.080.350.46-0.350.250.520.35-0.170.520.240.10.140.23-0.21-0.420.130.2-0.190.720.040.480.31
0.820.40.150.770.670.48-0.240.710.60.60.280.60.81-0.310.70.45-0.07-0.480.810.2-0.140.40.70.740.7
-0.240.480.49-0.2-0.21-0.48-0.38-0.140.24-0.26-0.360.24-0.420.06-0.18-0.52-0.15-0.1-0.21-0.19-0.14-0.27-0.25-0.010.03
0.74-0.04-0.170.350.760.81-0.320.670.60.82-0.340.60.55-0.260.380.08-0.58-0.720.410.720.4-0.270.150.680.63
0.460.150.220.910.250.310.030.380.260.260.490.260.860.260.540.610.07-0.180.740.040.7-0.250.150.470.57
0.860.290.170.640.820.57-0.550.890.790.8-0.080.790.66-0.330.52-0.02-0.6-0.840.620.480.74-0.010.680.470.94
0.820.330.280.750.740.54-0.520.840.790.77-0.060.790.71-0.190.54-0.08-0.66-0.860.680.310.70.030.630.570.94
Click cells to compare fundamentals

CTS Account Relationship Matchups

CTS fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets643.4M626.0M664.5M748.5M741.2M469.8M
Short Long Term Debt Total127.4M81.1M74.7M109.4M96.9M85.5M
Other Current Liab43.1M38.1M42.6M39.7M37.9M43.3M
Total Current Liabilities96.9M104.9M114.1M112.5M97.0M101.3M
Total Stockholder Equity405.2M423.7M463.6M506.2M526.8M281.1M
Property Plant And Equipment Net129.7M120.7M118.5M120.0M119.0M102.5M
Net Debt27.2M(10.7M)(66.7M)(47.6M)(67.0M)(63.7M)
Retained Earnings509.8M539.3M492.2M546.7M602.2M311.2M
Cash100.2M91.8M141.5M156.9M163.9M172.1M
Non Current Assets Total405.9M392.8M375.4M422.7M421.8M260.1M
Non Currrent Assets Other3.0M2.6M2.4M17.4M15.3M14.6M
Cash And Short Term Investments100.2M91.8M141.5M156.9M163.9M172.1M
Net Receivables78.0M81.0M82.2M90.9M78.6M73.7M
Common Stock Shares Outstanding33.1M32.6M32.3M32.2M31.6M36.5M
Liabilities And Stockholders Equity643.4M626.0M664.5M748.5M741.2M469.8M
Non Current Liabilities Total141.2M97.4M86.8M129.7M117.3M93.2M
Inventory42.2M45.9M49.5M62.3M60.0M55.9M
Other Current Assets17.0M14.6M15.9M15.7M16.9M15.3M
Other Stockholder Equity(320.8M)(330.9M)(338.8M)(356.6M)(398.9M)(379.0M)
Total Liab238.1M202.4M200.9M242.3M214.3M192.5M
Property Plant And Equipment Gross129.7M120.7M118.5M120.0M362.6M380.7M
Total Current Assets237.5M233.2M289.1M325.8M319.3M214.0M
Accumulated Other Comprehensive Income(91.7M)(95.9M)(4.5M)(671K)4.3M4.5M
Short Term Debt2.8M6.6M6.8M7.9M8.8M17.0M
Intangible Assets85.2M79.1M69.9M108.1M104.0M109.2M
Accounts Payable48.2M50.5M55.5M53.2M43.5M51.8M
Common Stock Total Equity307.9M311.2M314.6M316.8M364.3M306.3M
Common Stock307.9M311.2M314.6M316.8M319.3M308.6M
Other Liab16.5M19.7M15.5M24.3M28.0M17.4M
Other Assets84.9M106.8M77.2M42.3M38.1M36.2M
Long Term Debt50M99.7M54.6M83.7M67.5M66.0M
Treasury Stock(364.4M)(372.5M)(381.3M)(402.8M)(362.5M)(380.6M)
Property Plant Equipment105.0M97.4M118.5M120.0M108.0M85.4M
Good Will106.1M109.5M109.8M152.4M157.6M165.5M
Current Deferred Revenue2.9M50.5M54.7M23.5M2.2M2.1M
Net Tangible Assets213.9M235.1M283.9M245.8M282.7M247.4M
Retained Earnings Total Equity509.8M539.3M492.2M546.7M628.7M480.2M
Short Term Investments278K576K82K1.6M1.1M1.2M
Long Term Debt Total50M99.7M54.6M83.7M75.3M64.8M

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Additional Tools for CTS Stock Analysis

When running CTS's price analysis, check to measure CTS'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 CTS is operating at the current time. Most of CTS's value examination focuses on studying past and present price action to predict the probability of CTS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CTS's price. Additionally, you may evaluate how the addition of CTS to your portfolios can decrease your overall portfolio volatility.