Asbury Cash And Short Term Investments vs Other Assets Analysis
| ABG Stock | USD 234.76 5.24 2.18% |
Asbury Automotive financial indicator trend analysis is way more than just evaluating Asbury Automotive prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Asbury Automotive is a good investment. Please check the relationship between Asbury Automotive Cash And Short Term Investments and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Asbury Automotive Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Cash And Short Term Investments vs Other Assets
Cash And Short Term Investments vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Asbury Automotive Cash And Short Term Investments account and Other Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Asbury Automotive's Cash And Short Term Investments and Other Assets is -0.03. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Other Assets in the same time period over historical financial statements of Asbury Automotive Group, assuming nothing else is changed. The correlation between historical values of Asbury Automotive's Cash And Short Term Investments and Other Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Asbury Automotive Group are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Cash And Short Term Investments i.e., Asbury Automotive's Cash And Short Term Investments and Other Assets go up and down completely randomly.
Correlation Coefficient | -0.03 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Asbury Automotive balance sheet. This account contains Asbury Automotive investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Asbury Automotive Group fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Other Assets
Most indicators from Asbury Automotive's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Asbury Automotive 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Asbury Automotive Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. At this time, Asbury Automotive's Enterprise Value Over EBITDA is most likely to drop in the upcoming years. The Asbury Automotive's current Enterprise Value Multiple is estimated to increase to 12.40, while Tax Provision is projected to decrease to roughly 153 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.9B | 3.1B | 2.7B | 2.8B | Total Revenue | 9.8B | 15.4B | 14.8B | 15.5B |
Asbury Automotive fundamental ratios Correlations
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Asbury Automotive Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Asbury Automotive fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 2.9B | 3.7B | 8.0B | 8.0B | 10.2B | 10.7B | |
| Total Stockholder Equity | 646.3M | 905.5M | 2.1B | 2.9B | 3.2B | 3.4B | |
| Common Stock Shares Outstanding | 21M | 20.3M | 19.3M | 20.1M | 22.4M | 23.1M | |
| Liabilities And Stockholders Equity | 2.9B | 3.7B | 8.0B | 8.0B | 10.2B | 10.7B | |
| Inventory | 985M | 875.2M | 718.4M | 959.2M | 1.8B | 1.9B | |
| Other Stockholder Equity | (445.7M) | (438.2M) | 234.5M | 218.4M | 221.1M | 130.7M | |
| Total Liab | 2.3B | 2.8B | 5.9B | 5.1B | 6.1B | 6.4B | |
| Total Current Assets | 1.6B | 1.4B | 2.1B | 1.9B | 3.1B | 3.2B | |
| Other Current Liab | 100.9M | 220.8M | 417.3M | 376.4M | 661.5M | 694.6M | |
| Total Current Liabilities | 1.2B | 1.2B | 1.6B | 1.0B | 2.9B | 3.0B | |
| Other Liab | 55.5M | 74.1M | 524.4M | 649.3M | 746.7M | 784.0M | |
| Accounts Payable | 81.7M | 97.6M | 163.9M | 147.4M | 155.6M | 163.4M | |
| Cash | 3.5M | 1.4M | 189.4M | 235.3M | 45.7M | 56.0M | |
| Long Term Debt | 907M | 1.2B | 3.5B | 3.2B | 3.1B | 3.3B | |
| Good Will | 201.7M | 562.2M | 2.3B | 1.8B | 2.0B | 2.1B | |
| Short Term Investments | 600K | 11M | 1.1M | 5.4M | 6.2M | 3.3M | |
| Other Current Assets | 90.4M | 141.8M | 157.7M | 181.7M | 1.2B | 1.2B | |
| Intangible Assets | 121.7M | 425.2M | 1.3B | 1.8B | 2.1B | 2.2B | |
| Property Plant Equipment | 909.7M | 956.2M | 2.0B | 1.9B | 2.2B | 2.3B | |
| Short Long Term Debt Total | 1.9B | 2.4B | 4.6B | 3.7B | 5.0B | 5.2B | |
| Property Plant And Equipment Net | 975.3M | 1.3B | 2.3B | 2.2B | 2.6B | 2.7B | |
| Net Debt | 1.9B | 2.4B | 4.4B | 3.5B | 4.9B | 5.2B | |
| Retained Earnings | 1.1B | 1.3B | 1.9B | 2.6B | 3.0B | 3.1B | |
| Non Current Assets Total | 1.3B | 2.3B | 6.1B | 6.1B | 7.1B | 7.5B | |
| Cash And Short Term Investments | 3.5M | 1.4M | 189.4M | 240.7M | 45.7M | 56.8M | |
| Net Receivables | 348M | 337.4M | 469.5M | 446.2M | 564.7M | 298.6M | |
| Non Current Liabilities Total | 1.0B | 1.5B | 4.3B | 4.1B | 3.2B | 3.4B | |
| Property Plant And Equipment Gross | 975.3M | 1.3B | 2.6B | 1.9B | 3.0B | 3.1B | |
| Accumulated Other Comprehensive Income | (2.9M) | (5.6M) | (700K) | 74.4M | 61.1M | 64.2M | |
| Short Term Debt | 921.3M | 896.3M | 799.1M | 253.6M | 1.8B | 1.9B | |
| Treasury Stock | (1.0B) | (1.0B) | (1.0B) | (1.1B) | (956.7M) | (908.9M) | |
| Current Deferred Revenue | 143.1M | 8.7M | 217.7M | 256M | 272.9M | 286.5M | |
| Net Tangible Assets | 375.5M | 214.8M | 306.6M | 3.6B | 4.2B | 4.4B | |
| Retained Earnings Total Equity | 1.1B | 1.3B | 1.9B | 2.6B | 3.0B | 3.2B | |
| Long Term Debt Total | 907M | 1.2B | 3.5B | 3.2B | 3.7B | 3.9B |
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When determining whether Asbury Automotive is a strong investment it is important to analyze Asbury Automotive's 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 Asbury Automotive's future performance. For an informed investment choice regarding Asbury Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Asbury Automotive Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Asbury Automotive information on this page should be used as a complementary analysis to other Asbury Automotive's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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When running Asbury Automotive's price analysis, check to measure Asbury Automotive'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 Asbury Automotive is operating at the current time. Most of Asbury Automotive's value examination focuses on studying past and present price action to predict the probability of Asbury Automotive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asbury Automotive's price. Additionally, you may evaluate how the addition of Asbury Automotive to your portfolios can decrease your overall portfolio volatility.
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Is Asbury Automotive'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 Asbury Automotive. If investors know Asbury 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 Asbury Automotive 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 (0.14) | Earnings Share 27.58 | Revenue Per Share 749.531 | Quarterly Revenue Growth 0.173 | Return On Assets 0.0724 |
The market value of Asbury Automotive is measured differently than its book value, which is the value of Asbury that is recorded on the company's balance sheet. Investors also form their own opinion of Asbury Automotive's value that differs from its market value or its book value, called intrinsic value, which is Asbury Automotive'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 Asbury Automotive's market value can be influenced by many factors that don't directly affect Asbury Automotive'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 Asbury Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine if Asbury Automotive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Asbury Automotive'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.