Flexsteel Total Assets from 2010 to 2024
| FLXS Stock | USD 35.10 0.08 0.23% |
Total Assets | First Reported 1986-06-30 | Previous Quarter 272.5 M | Current Value 273.8 M | Quarterly Volatility 71.1 M |
Check Flexsteel Industries financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Flexsteel Industries' main balance sheet or income statement drivers, such as Depreciation And Amortization of 5.3 M, Interest Expense of 1.3 M or Total Revenue of 351.5 M, as well as many indicators such as Price To Sales Ratio of 0.46, Dividend Yield of 0.037 or PTB Ratio of 1.24. Flexsteel financial statements analysis is a perfect complement when working with Flexsteel Industries Valuation or Volatility modules.
Flexsteel | Total Assets |
Latest Flexsteel Industries' Total Assets Growth Pattern
Below is the plot of the Total Assets of Flexsteel Industries over the last few years. Total assets refers to the total amount of Flexsteel Industries assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Flexsteel Industries books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. It is the total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets. Flexsteel Industries' Total Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Flexsteel Industries' overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 290.55 M | 10 Years Trend |
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Total Assets |
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Flexsteel Total Assets Regression Statistics
| Arithmetic Mean | 237,418,884 | |
| Geometric Mean | 226,130,042 | |
| Coefficient Of Variation | 26.82 | |
| Mean Deviation | 47,143,006 | |
| Median | 246,896,000 | |
| Standard Deviation | 63,684,818 | |
| Sample Variance | 4055.8T | |
| Range | 260M | |
| R-Value | 0.62 | |
| Mean Square Error | 2694.7T | |
| R-Squared | 0.38 | |
| Significance | 0.01 | |
| Slope | 8,813,508 | |
| Total Sum of Squares | 56780.6T |
Flexsteel Total Assets History
Other Fundumenentals of Flexsteel Industries
Flexsteel Industries Total Assets component correlations
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About Flexsteel Industries Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Flexsteel Industries income statement, its balance sheet, and the statement of cash flows. Flexsteel Industries investors use historical funamental indicators, such as Flexsteel Industries's Total Assets, to determine how well the company is positioned to perform in the future. Although Flexsteel Industries investors may use each financial statement separately, they are all related. The changes in Flexsteel Industries's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Flexsteel Industries'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 Flexsteel Industries Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Flexsteel Industries. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Total Assets | 334.1 M | 175.2 M |
Pair Trading with Flexsteel Industries
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 Flexsteel Industries 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 Flexsteel Industries will appreciate offsetting losses from the drop in the long position's value.Moving against Flexsteel Stock
| 0.68 | EFOI | Energy Focu | PairCorr |
| 0.5 | VIOT | Viomi Technology ADR | PairCorr |
| 0.44 | BSET | Bassett Furniture Financial Report 4th of July 2024 | PairCorr |
| 0.31 | LOVE | Lovesac Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Flexsteel Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Flexsteel Industries 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 Flexsteel Industries - 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 Flexsteel Industries to buy it.
The correlation of Flexsteel Industries 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 Flexsteel Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Flexsteel Industries 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 Flexsteel Industries 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.Additional Tools for Flexsteel Stock Analysis
When running Flexsteel Industries' price analysis, check to measure Flexsteel Industries' 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 Flexsteel Industries is operating at the current time. Most of Flexsteel Industries' value examination focuses on studying past and present price action to predict the probability of Flexsteel Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Flexsteel Industries' price. Additionally, you may evaluate how the addition of Flexsteel Industries to your portfolios can decrease your overall portfolio volatility.