Ituran Historical Cash Flow
| ITRN Stock | USD 28.50 1.24 4.55% |
Analysis of Ituran Location cash flow over time is an excellent tool to project Ituran Location future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Free Cash Flow of 66.1 M or Change In Working Capital of 5.8 M as it is a great indicator of Ituran Location ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Ituran Location latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Ituran Location is a good buy for the upcoming year.
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About Ituran Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Ituran balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Ituran's non-liquid assets can be easily converted into cash.
Ituran Location Cash Flow Chart
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Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Capital Expenditures
Capital Expenditures are funds used by Ituran Location to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Ituran Location operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Ituran Location financial statement analysis. It represents the amount of money remaining after all of Ituran Location and operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Ituran Location's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Ituran Location current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ituran Location and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Ituran Location's Capital Expenditures is very stable compared to the past year. As of the 21st of November 2024, Dividends Paid is likely to grow to about 17.3 M, though Other Cashflows From Financing Activities is likely to grow to (3.2 M).
Ituran Location cash flow statement Correlations
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Ituran Location Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ituran Location cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 3.8M | 3.1M | (3.8M) | (5.8M) | 1.1M | 1.2M | |
| Change In Cash | 2.6M | 18.2M | (21.9M) | (22.5M) | 25.6M | 26.9M | |
| Free Cash Flow | 41.4M | 49.8M | 39.2M | 18.6M | 63.0M | 66.1M | |
| Change In Working Capital | 923K | 15.2M | (1.2M) | (18M) | 5.5M | 5.8M | |
| Begin Period Cash Flow | 51.4M | 54.0M | 72.2M | 50.3M | 27.9M | 39.6M | |
| Other Cashflows From Financing Activities | (10.1M) | (1.3M) | (19.3M) | (8.4M) | (3.3M) | (3.2M) | |
| Depreciation | 22.8M | 18.8M | 18.1M | 20.1M | 21.1M | 14.4M | |
| Other Non Cash Items | 26K | (266K) | (47K) | 4.2M | 5.6M | 5.9M | |
| Capital Expenditures | 18.3M | 10.2M | 16.6M | 26.5M | 14.2M | 15.4M | |
| Total Cash From Operating Activities | 59.7M | 60.1M | 55.8M | 45.1M | 77.2M | 42.7M | |
| Net Income | 7.8M | 17.3M | 37.0M | 39.5M | 48.1M | 31.1M | |
| Total Cash From Financing Activities | (38.9M) | (29.4M) | (58.7M) | (36.4M) | (32.9M) | (31.3M) | |
| End Period Cash Flow | 54.0M | 72.2M | 50.3M | 27.9M | 53.4M | 43.0M | |
| Other Cashflows From Investing Activities | (1.2M) | (1.2M) | (2.1M) | (721K) | (648.9K) | (616.5K) | |
| Dividends Paid | 19.8M | 10.0M | 15.8M | 11.5M | 11.6M | 17.3M | |
| Change To Liabilities | (8.5M) | (6.0M) | 2.1M | 3.6M | 3.2M | 3.4M | |
| Change To Account Receivables | 10.7M | 4.5M | (4.0M) | (5.1M) | (26K) | (27.3K) | |
| Stock Based Compensation | 29.7M | 11.1M | 2.3M | (42.9M) | (49.4M) | (46.9M) | |
| Total Cashflows From Investing Activities | (18.3M) | (11.5M) | (18.5M) | (27.4M) | (24.6M) | (25.8M) | |
| Investments | (18.3M) | (288K) | (675K) | (27.4M) | (17.2M) | (18.1M) | |
| Net Borrowings | (11.1M) | (17.0M) | (23.8M) | (16.5M) | (14.8M) | (14.1M) | |
| Change To Operating Activities | (4.4M) | 13.6M | 4.6M | (10.6M) | (12.2M) | (11.6M) | |
| Change To Netincome | 28.4M | 9.9M | 4.6M | 5.9M | 6.8M | 4.5M |
Pair Trading with Ituran Location
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 Ituran Location 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 Ituran Location will appreciate offsetting losses from the drop in the long position's value.Moving against Ituran Stock
The ability to find closely correlated positions to Ituran Location could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ituran Location 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 Ituran Location - 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 Ituran Location and to buy it.
The correlation of Ituran Location 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 Ituran Location moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ituran Location 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 Ituran Location 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.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ituran Location and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Communications Equipment 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 Ituran Location. If investors know Ituran 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 Ituran Location 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 0.084 | Dividend Share 1.41 | Earnings Share 2.56 | Revenue Per Share 16.522 | Quarterly Revenue Growth 0.039 |
The market value of Ituran Location is measured differently than its book value, which is the value of Ituran that is recorded on the company's balance sheet. Investors also form their own opinion of Ituran Location's value that differs from its market value or its book value, called intrinsic value, which is Ituran Location's 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 Ituran Location's market value can be influenced by many factors that don't directly affect Ituran Location's 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 Ituran Location's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ituran Location is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ituran Location's 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.