Array Gross Profit from 2010 to 2024
| ARRY Stock | USD 12.76 0.25 2.00% |
Gross Profit | First Reported 2002-09-30 | Previous Quarter 74.7 M | Current Value 55.1 M | Quarterly Volatility 956.5 M |
Check Array TechnologiesInc financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Array main balance sheet or income statement drivers, such as Depreciation And Amortization of 52.1 M, Interest Expense of 34.4 M or Selling General Administrative of 151.6 M, as well as many exotic indicators such as Price To Sales Ratio of 1.53, Dividend Yield of 0.0042 or PTB Ratio of 4.36. Array financial statements analysis is a perfect complement when working with Array TechnologiesInc Valuation or Volatility modules.
Array | Gross Profit |
Latest Array TechnologiesInc's Gross Profit Growth Pattern
Below is the plot of the Gross Profit of Array TechnologiesInc over the last few years. Gross profit is a required income statement account that reflects total revenue of Array TechnologiesInc minus its cost of goods sold. It is profit before Array TechnologiesInc operating expenses, interest payments and taxes. Gross profit is also known as gross margin. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Array TechnologiesInc's Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Array TechnologiesInc's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 227.28 M | 10 Years Trend |
|
Gross Profit |
| Timeline |
Array Gross Profit Regression Statistics
| Arithmetic Mean | 676,063,323 | |
| Coefficient Of Variation | 314.67 | |
| Mean Deviation | 1,023,741,157 | |
| Median | 114,713,000 | |
| Standard Deviation | 2,127,397,394 | |
| Sample Variance | 4525819.7T | |
| Range | 8.4B | |
| R-Value | (0.39) | |
| Mean Square Error | 4126419.4T | |
| R-Squared | 0.15 | |
| Significance | 0.15 | |
| Slope | (186,298,754) | |
| Total Sum of Squares | 63361475.4T |
Array Gross Profit History
Other Fundumenentals of Array TechnologiesInc
Array TechnologiesInc Gross Profit component correlations
Click cells to compare fundamentals
About Array TechnologiesInc Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Array TechnologiesInc income statement, its balance sheet, and the statement of cash flows. Array TechnologiesInc investors use historical funamental indicators, such as Array TechnologiesInc's Gross Profit, to determine how well the company is positioned to perform in the future. Although Array TechnologiesInc investors may use each financial statement separately, they are all related. The changes in Array TechnologiesInc's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Array TechnologiesInc's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Array TechnologiesInc Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Array TechnologiesInc. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Gross Profit | 376.6 M | 357.8 M | |
| Gross Profit Margin | 0.24 | 0.13 |
Array TechnologiesInc Investors Sentiment
The influence of Array TechnologiesInc's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Array. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Array TechnologiesInc's public news can be used to forecast risks associated with an investment in Array. The trend in average sentiment can be used to explain how an investor holding Array can time the market purely based on public headlines and social activities around Array TechnologiesInc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Array TechnologiesInc's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Array TechnologiesInc's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Array TechnologiesInc's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Array TechnologiesInc.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Array TechnologiesInc in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Array TechnologiesInc's short interest history, or implied volatility extrapolated from Array TechnologiesInc options trading.
Pair Trading with Array TechnologiesInc
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 Array TechnologiesInc 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 Array TechnologiesInc will appreciate offsetting losses from the drop in the long position's value.Moving together with Array Stock
| 0.7 | FBYD | Falcons Beyond Global | PairCorr |
| 0.67 | BBU | Brookfield Business | PairCorr |
Moving against Array Stock
| 0.47 | FIP | FTAI Infrastructure | PairCorr |
The ability to find closely correlated positions to Array TechnologiesInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Array TechnologiesInc 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 Array TechnologiesInc - 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 Array TechnologiesInc to buy it.
The correlation of Array TechnologiesInc 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 Array TechnologiesInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Array TechnologiesInc 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 Array TechnologiesInc 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 the analysis of Array TechnologiesInc Correlation against competitors. For more information on how to buy Array Stock please use our How to Invest in Array TechnologiesInc guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for Array Stock analysis
When running Array TechnologiesInc's price analysis, check to measure Array TechnologiesInc'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 Array TechnologiesInc is operating at the current time. Most of Array TechnologiesInc's value examination focuses on studying past and present price action to predict the probability of Array TechnologiesInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Array TechnologiesInc's price. Additionally, you may evaluate how the addition of Array TechnologiesInc to your portfolios can decrease your overall portfolio volatility.
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data |
Is Array TechnologiesInc's industry 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 Array TechnologiesInc. If investors know Array 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 Array TechnologiesInc 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 (0.65) | Earnings Share 0.56 | Revenue Per Share 10.445 | Quarterly Revenue Growth (0.15) | Return On Assets 0.0795 |
The market value of Array TechnologiesInc is measured differently than its book value, which is the value of Array that is recorded on the company's balance sheet. Investors also form their own opinion of Array TechnologiesInc's value that differs from its market value or its book value, called intrinsic value, which is Array TechnologiesInc'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 Array TechnologiesInc's market value can be influenced by many factors that don't directly affect Array TechnologiesInc'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 Array TechnologiesInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Array TechnologiesInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Array TechnologiesInc'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.