Taylor Net Tangible Assets vs Net Invested Capital Analysis

TAYD Stock

USD 46.62 0.22 0.47%

Taylor Devices financial indicator trend analysis is much more than just breaking down Taylor Devices prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Taylor Devices is a good investment. Please check the relationship between Taylor Devices Net Tangible Assets and its Net Invested Capital accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Taylor Devices. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

For information on how to trade Taylor Stock refer to our How to Trade Taylor Stock guide.

Net Tangible Assets vs Net Invested Capital

Net Tangible Assets vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Taylor Devices Net Tangible Assets account and Net Invested Capital. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Taylor Devices' Net Tangible Assets and Net Invested Capital is 0.89. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Taylor Devices, assuming nothing else is changed. The correlation between historical values of Taylor Devices' Net Tangible Assets 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 Net Tangible Assets of Taylor Devices 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 Net Tangible Assets i.e., Taylor Devices' Net Tangible Assets and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

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 Taylor Devices' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Taylor Devices 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Taylor Devices. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

For information on how to trade Taylor Stock refer to our How to Trade Taylor Stock guide.At present, Taylor Devices' Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 1 M, whereas Enterprise Value Over EBITDA is forecasted to decline to 10.17.

	2021	2022	2023	2024 (projected)
Total Revenue	30.9M	40.2M	44.6M	46.8M
Depreciation And Amortization	1.3M	1.5M	1.7M	1.8M

Total Revenue Depreciation And Amortization

Taylor Devices 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	Total Current Assets	Short Term Debt	Intangible Assets	Non Currrent Assets Other	Accounts Payable	Property Plant And Equipment Gross	Common Stock Total Equity	Short Term Investments
Total Assets		0.25	0.69	0.78	0.99	0.92	-0.35	0.99	0.33	0.68	0.89	0.46	0.71	0.39	0.07	-0.31	-0.35	0.57	0.99	-0.28	0.28	0.41	0.07	0.86	0.57	0.73
Short Long Term Debt Total	0.25		0.2	-0.09	0.3	0.42	-0.26	0.28	0.26	0.33	0.28	0.18	0.11	0.2	0.0	-0.83	-0.08	-0.27	0.2	0.24	0.21	-0.01	-0.71	0.24	0.15	0.13
Other Current Liab	0.69	0.2		0.87	0.65	0.52	0.23	0.76	-0.24	0.11	0.7	0.13	0.19	0.06	-0.14	-0.18	-0.57	0.46	0.73	-0.39	0.28	-0.21	-0.13	0.78	0.65	0.9
Total Current Liabilities	0.78	-0.09	0.87		0.71	0.57	0.07	0.79	-0.08	0.21	0.72	0.25	0.38	0.1	-0.09	0.06	-0.42	0.75	0.82	-0.46	0.2	0.09	0.34	0.77	0.56	0.83
Total Stockholder Equity	0.99	0.3	0.65	0.71		0.93	-0.4	0.98	0.38	0.71	0.88	0.47	0.72	0.42	0.08	-0.36	-0.34	0.5	0.98	-0.24	0.3	0.44	0.01	0.85	0.57	0.7
Property Plant And Equipment Net	0.92	0.42	0.52	0.57	0.93		-0.35	0.89	0.32	0.84	0.69	0.62	0.86	0.28	0.35	-0.38	-0.02	0.44	0.87	-0.2	0.0	0.41	-0.01	0.69	0.41	0.53
Net Debt	-0.35	-0.26	0.23	0.07	-0.4	-0.35		-0.31	-1.0	-0.46	-0.41	-0.07	-0.38	-0.66	0.12	0.16	0.11	-0.01	-0.33	-0.05	-0.37	-0.65	0.03	-0.19	-0.1	0.2
Retained Earnings	0.99	0.28	0.76	0.79	0.98	0.89	-0.31		0.29	0.61	0.91	0.39	0.63	0.37	0.01	-0.33	-0.44	0.51	0.99	-0.3	0.34	0.34	-0.02	0.89	0.63	0.79
Cash	0.33	0.26	-0.24	-0.08	0.38	0.32	-1.0	0.29		0.42	0.41	0.03	0.34	0.68	-0.14	-0.17	-0.14	-0.02	0.31	0.08	0.4	0.63	-0.05	0.17	0.09	-0.21
Non Current Assets Total	0.68	0.33	0.11	0.21	0.71	0.84	-0.46	0.61	0.42		0.43	0.72	0.87	0.26	0.45	-0.4	0.22	0.44	0.61	-0.03	-0.11	0.51	0.04	0.41	0.38	0.19
Cash And Short Term Investments	0.89	0.28	0.7	0.72	0.88	0.69	-0.41	0.91	0.41	0.43		0.08	0.37	0.44	-0.38	-0.39	-0.66	0.44	0.91	-0.36	0.66	0.35	-0.09	0.91	0.65	0.81
Net Receivables	0.46	0.18	0.13	0.25	0.47	0.62	-0.07	0.39	0.03	0.72	0.08		0.68	0.12	0.68	-0.26	0.36	0.49	0.42	0.32	-0.42	0.28	0.19	0.19	0.25	0.07
Common Stock Shares Outstanding	0.71	0.11	0.19	0.38	0.72	0.86	-0.38	0.63	0.34	0.87	0.37	0.68		0.24	0.61	-0.02	0.31	0.5	0.65	-0.18	-0.35	0.44	0.32	0.38	0.15	0.18
Non Current Liabilities Total	0.39	0.2	0.06	0.1	0.42	0.28	-0.66	0.37	0.68	0.26	0.44	0.12	0.24		-0.07	-0.21	-0.41	0.07	0.41	0.3	0.44	0.24	-0.16	0.36	0.22	0.04
Inventory	0.07	0.0	-0.14	-0.09	0.08	0.35	0.12	0.01	-0.14	0.45	-0.38	0.68	0.61	-0.07		0.16	0.66	0.09	0.0	0.31	-0.79	-0.01	0.17	-0.29	-0.17	-0.32
Other Current Assets	-0.31	-0.83	-0.18	0.06	-0.36	-0.38	0.16	-0.33	-0.17	-0.4	-0.39	-0.26	-0.02	-0.21	0.16		0.22	0.13	-0.28	-0.35	-0.44	-0.1	0.67	-0.38	-0.34	-0.31
Other Stockholder Equity	-0.35	-0.08	-0.57	-0.42	-0.34	-0.02	0.11	-0.44	-0.14	0.22	-0.66	0.36	0.31	-0.41	0.66	0.22		-0.04	-0.42	0.13	-0.81	0.04	0.29	-0.54	-0.57	-0.61
Total Liab	0.57	-0.27	0.46	0.75	0.5	0.44	-0.01	0.51	-0.02	0.44	0.44	0.49	0.5	0.07	0.09	0.13	-0.04		0.59	-0.31	-0.04	0.2	0.61	0.48	0.51	0.48
Total Current Assets	0.99	0.2	0.73	0.82	0.98	0.87	-0.33	0.99	0.31	0.61	0.91	0.42	0.65	0.41	0.0	-0.28	-0.42	0.59		-0.29	0.34	0.39	0.09	0.88	0.6	0.77
Short Term Debt	-0.28	0.24	-0.39	-0.46	-0.24	-0.2	-0.05	-0.3	0.08	-0.03	-0.36	0.32	-0.18	0.3	0.31	-0.35	0.13	-0.31	-0.29		-0.01	-0.06	-0.25	-0.42	-0.16	-0.44
Intangible Assets	0.28	0.21	0.28	0.2	0.3	0.0	-0.37	0.34	0.4	-0.11	0.66	-0.42	-0.35	0.44	-0.79	-0.44	-0.81	-0.04	0.34	-0.01		0.2	-0.37	0.48	0.46	0.45
Non Currrent Assets Other	0.41	-0.01	-0.21	0.09	0.44	0.41	-0.65	0.34	0.63	0.51	0.35	0.28	0.44	0.24	-0.01	-0.1	0.04	0.2	0.39	-0.06	0.2		0.31	0.17	0.07	-0.03
Accounts Payable	0.07	-0.71	-0.13	0.34	0.01	-0.01	0.03	-0.02	-0.05	0.04	-0.09	0.19	0.32	-0.16	0.17	0.67	0.29	0.61	0.09	-0.25	-0.37	0.31		-0.1	-0.22	-0.07
Property Plant And Equipment Gross	0.86	0.24	0.78	0.77	0.85	0.69	-0.19	0.89	0.17	0.41	0.91	0.19	0.38	0.36	-0.29	-0.38	-0.54	0.48	0.88	-0.42	0.48	0.17	-0.1		0.63	0.87
Common Stock Total Equity	0.57	0.15	0.65	0.56	0.57	0.41	-0.1	0.63	0.09	0.38	0.65	0.25	0.15	0.22	-0.17	-0.34	-0.57	0.51	0.6	-0.16	0.46	0.07	-0.22	0.63		0.64
Short Term Investments	0.73	0.13	0.9	0.83	0.7	0.53	0.2	0.79	-0.21	0.19	0.81	0.07	0.18	0.04	-0.32	-0.31	-0.61	0.48	0.77	-0.44	0.45	-0.03	-0.07	0.87	0.64

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Taylor Devices Account Relationship Matchups

Taylor Devices fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	45.1M	45.9M	49.2M	57.9M	61.0M	64.0M
Other Current Liab	2.0M	662.0K	1.8M	4.2M	10.3M	10.8M
Total Current Liabilities	5.5M	5.1M	6.0M	7.8M	11.8M	12.4M
Total Stockholder Equity	39.5M	40.8M	43.3M	50.1M	51.2M	53.8M
Property Plant And Equipment Net	9.4M	9.8M	9.9M	11.7M	11.2M	11.7M
Net Debt	(13.7M)	(20.6M)	(22.5M)	(3.6M)	(2.8M)	(2.7M)
Retained Earnings	32.5M	33.6M	35.8M	42.1M	51.1M	53.7M
Cash	15.2M	20.6M	22.5M	3.6M	2.8M	3.1M
Non Current Assets Total	10.7M	11.8M	11.2M	13.5M	12.2M	6.2M
Cash And Short Term Investments	16.2M	21.7M	23.6M	28.1M	31.0M	32.5M
Net Receivables	7.6M	5.6M	7.8M	9.7M	9.6M	5.2M
Common Stock Shares Outstanding	3.5M	3.5M	3.5M	3.6M	3.5M	3.4M
Liabilities And Stockholders Equity	45.1M	45.9M	49.2M	57.9M	61.0M	64.0M
Non Current Liabilities Total	3.6M	624.7K	3.9M	1.0M	1.2M	1.2M
Inventory	10.1M	5.8M	5.9M	5.9M	7.5M	6.0M
Other Current Assets	510.4K	977.5K	704.4K	(1.6M)	725.5K	1.2M
Other Stockholder Equity	6.9M	7.1M	7.3M	7.9M	15.6K	14.8K
Total Liab	5.5M	5.1M	6.0M	7.8M	9.7M	5.7M
Total Current Assets	34.4M	34.1M	38.0M	44.4M	48.8M	51.2M
Short Term Debt	1.3M	1.5M	269.1K	535.8K	126.1K	119.8K
Non Currrent Assets Other	1.1M	1.8M	1.3M	1.2M	720.0K	802.2K
Accounts Payable	1.4M	1.8M	1.4M	1.7M	1.4M	1.5M
Property Plant And Equipment Gross	9.4M	9.8M	26.1M	28.9M	30.0M	31.5M
Common Stock Total Equity	100.7K	100.9K	101.3K	102.1K	117.4K	100.8K
Short Term Investments	1.1M	1.1M	1.1M	24.5M	28.1M	29.5M
Common Stock	100.9K	101.3K	101.3K	102.1K	104.1K	101.7K
Other Assets	1.2M	2.0M	1.4M	1.8M	(3.3M)	(3.1M)
Property Plant Equipment	9.4M	9.8M	9.9M	11.7M	13.5M	6.8M
Current Deferred Revenue	736.9K	1.4M	2.5M	2.4M	5.6M	5.9M
Net Tangible Assets	39.5M	40.8M	43.3M	50.1M	57.6M	36.3M
Retained Earnings Total Equity	29.5M	32.5M	33.6M	42.1M	48.4M	28.4M
Capital Surpluse	9.5M	9.8M	10.0M	10.9M	12.6M	9.8M
Net Invested Capital	41.0M	40.8M	43.3M	50.1M	51.2M	45.3M
Net Working Capital	28.9M	29.0M	32.0M	36.6M	36.9M	32.0M
Capital Stock	100.9K	101.3K	101.3K	102.1K	104.1K	111.9K

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When determining whether Taylor Devices is a strong investment it is important to analyze Taylor Devices' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Taylor Devices' future performance. For an informed investment choice regarding Taylor Stock, refer to the following important reports:

How To Invest In Taylor

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Is Taylor Stock a good investment?

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What is Taylor Devices' Net Worth?

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Largest Industrial Machinery & Supplies & Components Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Taylor Devices. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

For information on how to trade Taylor Stock refer to our How to Trade Taylor Stock guide.

You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.

Is Industrial Machinery & Supplies & Components 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 Taylor Devices. If investors know Taylor 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 Taylor Devices 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

0.629

Earnings Share

2.91

Revenue Per Share

14.228

Quarterly Revenue Growth

0.171

Return On Assets

0.1071

The market value of Taylor Devices is measured differently than its book value, which is the value of Taylor that is recorded on the company's balance sheet. Investors also form their own opinion of Taylor Devices' value that differs from its market value or its book value, called intrinsic value, which is Taylor Devices' 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 Taylor Devices' market value can be influenced by many factors that don't directly affect Taylor Devices' 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 Taylor Devices' value and its price as these two are different measures arrived at by different means. Investors typically determine if Taylor Devices is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Taylor Devices' 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.

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Taylor Net Tangible Assets vs Net Invested Capital Analysis

Net Tangible Assets vs Net Invested Capital

Net Tangible Assets vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Net Invested Capital

Taylor Devices fundamental ratios Correlations

Taylor Devices Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Taylor Devices fundamental ratios Accounts

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Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Retained Earnings
Retained Earnings	+ 0.98	Total Stockholder Equity
Total Current Assets	+ 0.98	Total Stockholder Equity

Cash	- 1.0	Net Debt
Other Current Assets	- 0.83	Short Long Term Debt Total
Intangible Assets	- 0.81	Other Stockholder Equity
Intangible Assets	- 0.79	Inventory
Accounts Payable	- 0.71	Short Long Term Debt Total
Other Stockholder Equity	- 0.66	Cash And Short Term Investments