Argan Current Deferred Revenue vs Total Current Assets Analysis
AGX Stock | USD 66.32 1.30 1.92% |
Argan financial indicator trend analysis is way more than just evaluating Argan Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Argan Inc is a good investment. Please check the relationship between Argan Current Deferred Revenue and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Argan Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Current Deferred Revenue vs Total Current Assets
Current Deferred Revenue vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Argan Inc Current Deferred Revenue account and Total Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Argan's Current Deferred Revenue and Total Current Assets is 0.71. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Argan Inc, assuming nothing else is changed. The correlation between historical values of Argan's Current Deferred Revenue and Total Current 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 Current Deferred Revenue of Argan Inc are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Current Deferred Revenue i.e., Argan's Current Deferred Revenue and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from Argan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Argan Inc 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 Argan Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. At this time, Argan's Selling General Administrative is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 10.83 in 2024, despite the fact that Discontinued Operations is likely to grow to (243.7 K).
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 47.3M | 44.7M | 42.4M | 44.5M | Cost Of Revenue | 409.6M | 368.7M | 494.5M | 519.2M |
Argan fundamental ratios Correlations
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Argan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Argan fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 487.5M | 602.6M | 553.6M | 489.5M | 623.6M | 654.8M | |
Other Current Liab | 34.3M | 48.6M | 51.9M | 48.3M | 79.0M | 82.9M | |
Total Current Liabilities | 144.0M | 276.1M | 223.0M | 202.5M | 302.3M | 317.4M | |
Total Stockholder Equity | 339.2M | 320.7M | 326.4M | 280.9M | 290.9M | 305.5M | |
Property Plant And Equipment Net | 24.9M | 24.1M | 14.5M | 16.5M | 18.5M | 19.5M | |
Net Debt | (165.2M) | (364.6M) | (346.8M) | (172.4M) | (191.7M) | (182.1M) | |
Retained Earnings | 189.3M | 166.1M | 188.7M | 207.8M | 225.5M | 236.8M | |
Cash | 167.4M | 366.7M | 350.5M | 173.9M | 197.0M | 101.4M | |
Non Current Assets Total | 65.8M | 56.4M | 46.3M | 50.8M | 76.4M | 80.2M | |
Non Currrent Assets Other | 408K | 249K | 457K | 3.7M | 2.3M | 2.4M | |
Cash And Short Term Investments | 327.9M | 456.7M | 440.5M | 325.5M | 306.5M | 321.8M | |
Net Receivables | 70.6M | 55.3M | 31.9M | 74.9M | 201.4M | 211.5M | |
Common Stock Shares Outstanding | 15.6M | 15.8M | 15.9M | 14.2M | 13.5M | 8.1M | |
Liabilities And Stockholders Equity | 487.5M | 602.6M | 553.6M | 489.5M | 623.6M | 654.8M | |
Non Current Liabilities Total | 2.5M | 4.1M | 5.0M | 6.1M | 30.4M | 31.9M | |
Other Stockholder Equity | 148.7M | 153.3M | 137.8M | 73.6M | 66.7M | 62.3M | |
Total Liab | 146.5M | 280.2M | 228.0M | 208.6M | 332.6M | 349.3M | |
Property Plant And Equipment Gross | 22.5M | 24.1M | 14.5M | 16.5M | 40.1M | 42.1M | |
Total Current Assets | 421.8M | 546.2M | 507.3M | 438.7M | 547.2M | 574.5M | |
Short Term Debt | 1.6M | 2.1M | 1.4M | 1.6M | 2.7M | 1.6M | |
Other Current Assets | 23.3M | 34.1M | 34.9M | 38.3M | 29.3M | 30.7M | |
Accumulated Other Comprehensive Income | (1.1M) | (1.1M) | (2.5M) | (2.9M) | (3.6M) | (3.4M) | |
Accounts Payable | 35.4M | 53.3M | 41.8M | 56.4M | 39.5M | 29.8M | |
Common Stock Total Equity | 2.3M | 2.4M | 2.4M | 2.4M | 2.7M | 1.6M | |
Common Stock | 2.3M | 2.4M | 2.4M | 2.4M | 2.7M | 1.7M | |
Current Deferred Revenue | 72.7M | 172.0M | 127.9M | 96.3M | 181.1M | 190.1M | |
Other Assets | 7.9M | 249K | 457K | 3.7M | 4.2M | 4.5M | |
Property Plant Equipment | 22.5M | 20.4M | 10.5M | 10.4M | 12.0M | 7.7M | |
Good Will | 34.3M | 32.8M | 27.9M | 28.0M | 32.2M | 24.6M | |
Short Term Investments | 160.5M | 90.1M | 90.0M | 151.5M | 109.5M | 81.3M | |
Intangible Assets | 5.0M | 4.1M | 3.3M | 2.6M | 2.2M | 4.0M | |
Other Liab | 1.8M | 4.1M | 2.7M | 2.9M | 3.3M | 3.5M | |
Net Tangible Assets | 306.3M | 288.6M | 295.0M | 250.3M | 287.8M | 248.8M | |
Noncontrolling Interest In Consolidated Entity | (196K) | 1.8M | 1.7M | (797K) | (916.6K) | (870.7K) | |
Retained Earnings Total Equity | 189.3M | 166.1M | 188.7M | 207.8M | 239.0M | 148.9M | |
Capital Surpluse | 148.7M | 153.3M | 158.2M | 162.2M | 186.5M | 142.9M |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Argan Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Argan Inc information on this page should be used as a complementary analysis to other Argan'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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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Is Argan'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 Argan. If investors know Argan 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 Argan 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 (0.10) | Dividend Share 1.1 | Earnings Share 2.39 | Revenue Per Share 42.898 | Quarterly Revenue Growth 0.385 |
The market value of Argan Inc is measured differently than its book value, which is the value of Argan that is recorded on the company's balance sheet. Investors also form their own opinion of Argan's value that differs from its market value or its book value, called intrinsic value, which is Argan'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 Argan's market value can be influenced by many factors that don't directly affect Argan'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 Argan's value and its price as these two are different measures arrived at by different means. Investors typically determine if Argan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Argan'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.