Advanced Inventory vs Retained Earnings Analysis

WMS Stock

USD 128.41 0.02 0.02%

Advanced Drainage financial indicator trend analysis is way more than just evaluating Advanced Drainage Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Advanced Drainage Systems is a good investment. Please check the relationship between Advanced Drainage Inventory and its Retained Earnings accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Advanced Drainage Systems. 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.

Inventory vs Retained Earnings

Inventory vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Advanced Drainage Systems Inventory account and Retained Earnings. At this time, the significance of the direction appears to have strong relationship.

The correlation between Advanced Drainage's Inventory and Retained Earnings is 0.63. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Advanced Drainage Systems, assuming nothing else is changed. The correlation between historical values of Advanced Drainage's Inventory and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Advanced Drainage Systems are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Inventory i.e., Advanced Drainage's Inventory and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.63

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Inventory

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Advanced Drainage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Advanced Drainage Systems 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Advanced Drainage Systems. 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.

At this time, Advanced Drainage's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 16.29 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.07 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	800.4M	1.1B	1.1B	1.2B
Total Revenue	2.8B	3.1B	2.9B	1.8B

Gross Profit Total Revenue

Advanced Drainage fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross
Common Stock Shares Outstanding		0.73	0.65	0.67	0.74	0.75	0.55	0.72	0.62	0.43	0.63	0.51	0.72	0.75	0.61	0.63	0.51	0.71	0.7	-0.38	0.65	0.63	0.3	0.55	0.68	0.62
Total Assets	0.73		0.97	0.92	0.93	0.97	0.87	0.93	0.94	0.54	0.83	0.7	0.99	0.91	0.83	0.96	0.7	0.93	0.98	-0.5	0.98	0.87	0.52	0.71	0.99	0.8
Short Long Term Debt Total	0.65	0.97		0.87	0.86	0.89	0.84	0.9	0.97	0.53	0.77	0.72	0.96	0.83	0.71	0.99	0.72	0.85	0.94	-0.47	1.0	0.82	0.57	0.63	0.99	0.77
Other Current Liab	0.67	0.92	0.87		0.82	0.94	0.83	0.85	0.85	0.5	0.67	0.63	0.91	0.86	0.75	0.87	0.63	0.88	0.91	-0.55	0.88	0.81	0.37	0.69	0.89	0.73
Total Current Liabilities	0.74	0.93	0.86	0.82		0.93	0.75	0.96	0.82	0.61	0.91	0.66	0.9	0.87	0.88	0.83	0.66	0.97	0.86	-0.5	0.86	0.92	0.5	0.6	0.9	0.85
Total Stockholder Equity	0.75	0.97	0.89	0.94	0.93		0.84	0.91	0.85	0.51	0.79	0.67	0.96	0.92	0.86	0.88	0.67	0.93	0.95	-0.53	0.9	0.84	0.37	0.75	0.92	0.76
Other Liab	0.55	0.87	0.84	0.83	0.75	0.84		0.75	0.84	0.64	0.71	0.77	0.88	0.71	0.75	0.87	0.77	0.79	0.87	-0.66	0.86	0.73	0.39	0.61	0.86	0.8
Property Plant And Equipment Net	0.72	0.93	0.9	0.85	0.96	0.91	0.75		0.83	0.7	0.85	0.75	0.88	0.81	0.75	0.87	0.75	0.93	0.84	-0.58	0.89	0.89	0.51	0.49	0.91	0.87
Net Debt	0.62	0.94	0.97	0.85	0.82	0.85	0.84	0.83		0.44	0.72	0.6	0.95	0.85	0.72	0.97	0.6	0.85	0.94	-0.4	0.97	0.83	0.55	0.69	0.97	0.74
Retained Earnings	0.43	0.54	0.53	0.5	0.61	0.51	0.64	0.7	0.44		0.64	0.85	0.46	0.32	0.42	0.52	0.85	0.59	0.39	-0.81	0.52	0.63	0.47	-0.02	0.54	0.89
Accounts Payable	0.63	0.83	0.77	0.67	0.91	0.79	0.71	0.85	0.72	0.64		0.6	0.78	0.68	0.88	0.76	0.6	0.89	0.74	-0.39	0.78	0.9	0.71	0.39	0.81	0.82
Cash	0.51	0.7	0.72	0.63	0.66	0.67	0.77	0.75	0.6	0.85	0.6		0.66	0.55	0.44	0.69	1.0	0.6	0.62	-0.87	0.7	0.56	0.39	0.33	0.7	0.84
Non Current Assets Total	0.72	0.99	0.96	0.91	0.9	0.96	0.88	0.88	0.95	0.46	0.78	0.66		0.93	0.82	0.96	0.66	0.9	1.0	-0.47	0.97	0.83	0.47	0.78	0.98	0.75
Non Currrent Assets Other	0.75	0.91	0.83	0.86	0.87	0.92	0.71	0.81	0.85	0.32	0.68	0.55	0.93		0.79	0.81	0.55	0.87	0.93	-0.42	0.84	0.77	0.36	0.88	0.87	0.67
Other Assets	0.61	0.83	0.71	0.75	0.88	0.86	0.75	0.75	0.72	0.42	0.88	0.44	0.82	0.79		0.72	0.44	0.91	0.82	-0.31	0.74	0.87	0.47	0.64	0.78	0.69
Long Term Debt	0.63	0.96	0.99	0.87	0.83	0.88	0.87	0.87	0.97	0.52	0.76	0.69	0.96	0.81	0.72		0.69	0.84	0.94	-0.44	1.0	0.81	0.57	0.62	0.99	0.75
Cash And Short Term Investments	0.51	0.7	0.72	0.63	0.66	0.67	0.77	0.75	0.6	0.85	0.6	1.0	0.66	0.55	0.44	0.69		0.6	0.62	-0.87	0.7	0.56	0.39	0.33	0.7	0.84
Net Receivables	0.71	0.93	0.85	0.88	0.97	0.93	0.79	0.93	0.85	0.59	0.89	0.6	0.9	0.87	0.91	0.84	0.6		0.88	-0.5	0.86	0.97	0.51	0.62	0.89	0.86
Good Will	0.7	0.98	0.94	0.91	0.86	0.95	0.87	0.84	0.94	0.39	0.74	0.62	1.0	0.93	0.82	0.94	0.62	0.88		-0.44	0.96	0.79	0.43	0.83	0.96	0.7
Common Stock Total Equity	-0.38	-0.5	-0.47	-0.55	-0.5	-0.53	-0.66	-0.58	-0.4	-0.81	-0.39	-0.87	-0.47	-0.42	-0.31	-0.44	-0.87	-0.5	-0.44		-0.45	-0.44	-0.1	-0.28	-0.47	-0.77
Non Current Liabilities Total	0.65	0.98	1.0	0.88	0.86	0.9	0.86	0.89	0.97	0.52	0.78	0.7	0.97	0.84	0.74	1.0	0.7	0.86	0.96	-0.45		0.82	0.57	0.65	1.0	0.76
Inventory	0.63	0.87	0.82	0.81	0.92	0.84	0.73	0.89	0.83	0.63	0.9	0.56	0.83	0.77	0.87	0.81	0.56	0.97	0.79	-0.44	0.82		0.65	0.48	0.85	0.87
Other Current Assets	0.3	0.52	0.57	0.37	0.5	0.37	0.39	0.51	0.55	0.47	0.71	0.39	0.47	0.36	0.47	0.57	0.39	0.51	0.43	-0.1	0.57	0.65		0.07	0.57	0.57
Other Stockholder Equity	0.55	0.71	0.63	0.69	0.6	0.75	0.61	0.49	0.69	-0.02	0.39	0.33	0.78	0.88	0.64	0.62	0.33	0.62	0.83	-0.28	0.65	0.48	0.07		0.66	0.37
Total Liab	0.68	0.99	0.99	0.89	0.9	0.92	0.86	0.91	0.97	0.54	0.81	0.7	0.98	0.87	0.78	0.99	0.7	0.89	0.96	-0.47	1.0	0.85	0.57	0.66		0.79
Property Plant And Equipment Gross	0.62	0.8	0.77	0.73	0.85	0.76	0.8	0.87	0.74	0.89	0.82	0.84	0.75	0.67	0.69	0.75	0.84	0.86	0.7	-0.77	0.76	0.87	0.57	0.37	0.79

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Advanced Drainage Account Relationship Matchups

Advanced Drainage fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	63.8M	71.6M	72.9M	83.3M	79.0M	64.6M
Total Assets	2.4B	2.4B	2.6B	2.9B	3.3B	1.9B
Short Long Term Debt Total	1.2B	841.5M	944.6M	1.3B	1.4B	775.1M
Other Current Liab	103.2M	107.2M	120.7M	128.0M	138.5M	82.8M
Total Current Liabilities	238.2M	318.3M	391.2M	378.8M	439.6M	288.9M
Total Stockholder Equity	772.8M	1.0B	1.1B	977.4M	1.3B	679.9M
Other Liab	(115.2M)	173.6M	205.9M	233.4M	268.4M	281.8M
Property Plant And Equipment Net	481.4M	504.3M	619.4M	733.1M	930.2M	536.9M
Net Debt	988.0M	646.5M	924.5M	1.1B	915.7M	666.3M
Retained Earnings	(267.6M)	(75.2M)	158.9M	626.2M	1.1B	1.1B
Accounts Payable	106.7M	171.1M	225.0M	210.1M	254.4M	164.1M
Cash	174.2M	195.0M	20.1M	217.1M	490.2M	514.7M
Non Current Assets Total	1.7B	1.7B	1.8B	1.9B	2.0B	1.2B
Non Currrent Assets Other	69.1M	85.5M	84.2M	83.7M	69.0M	49.7M
Other Assets	24.0M	85.5M	116.8M	72.0M	82.8M	45.5M
Long Term Debt	1.1B	782.2M	908.7M	1.3B	1.3B	695.4M
Cash And Short Term Investments	174.2M	195.0M	20.1M	217.1M	490.2M	514.7M
Net Receivables	200.0M	236.2M	341.8M	306.9M	323.6M	233.2M
Good Will	597.8M	599.1M	610.3M	620.2M	617.2M	341.0M
Common Stock Total Equity	11.6M	11.6M	11.6M	11.6M	10.5M	9.5M
Liabilities And Stockholders Equity	2.4B	2.4B	2.6B	2.9B	3.3B	1.9B
Non Current Liabilities Total	1.3B	1.0B	1.2B	1.5B	1.6B	897.4M
Inventory	282.4M	301.0M	494.3M	464.0M	464.2M	352.6M
Other Current Assets	9.6M	10.8M	15.7M	29.4M	22.0M	15.7M
Other Stockholder Equity	794.7M	896.6M	746.9M	367.1M	187.8M	310.3M
Total Liab	1.6B	1.4B	1.5B	1.9B	2.0B	1.2B
Property Plant And Equipment Gross	506.3M	535.5M	1.2B	1.4B	1.6B	1.7B
Total Current Assets	666.2M	743.0M	871.9M	1.0B	1.3B	705.5M
Accumulated Other Comprehensive Income	(35.3M)	(24.2M)	(24.4M)	(27.6M)	(29.8M)	(31.3M)
Treasury Stock	(10.5M)	(11.0M)	(318.7M)	(921.0M)	(1.1B)	(1.0B)
Short Term Debt	28.3M	35.3M	38.7M	37.6M	45.6M	35.3M
Intangible Assets	555.3M	482.0M	431.4M	407.6M	352.7M	244.5M
Common Stock	11.6M	11.6M	11.6M	11.6M	11.7M	9.5M
Property Plant Equipment	481.4M	504.3M	619.4M	783.8M	901.4M	495.0M
Net Tangible Assets	(380.3M)	(31.4M)	657.0M	569.7M	655.2M	688.0M
Deferred Long Term Liab	175.6M	162.2M	168.4M	159.1M	182.9M	108.1M
Short Long Term Debt	8.0M	7M	19.5M	14.7M	11.9M	16.1M
Warrants	247.1M	229.9M	195.4M	153.2M	176.2M	167.5M
Noncontrolling Interest In Consolidated Entity	11.8M	13.7M	16.6M	17.5M	20.1M	16.7M

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