AngioDynamics Asset Turnover vs Return On Assets Analysis

ANGO Stock

USD 5.81 0.23 3.81%

AngioDynamics financial indicator trend analysis is way more than just evaluating AngioDynamics prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AngioDynamics is a good investment. Please check the relationship between AngioDynamics Asset Turnover and its Return On Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AngioDynamics. 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.

To learn how to invest in AngioDynamics Stock, please use our How to Invest in AngioDynamics guide.

Asset Turnover vs Return On Assets

Asset Turnover vs Return On Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AngioDynamics Asset Turnover account and Return On Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between AngioDynamics' Asset Turnover and Return On Assets is -0.29. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Return On Assets in the same time period over historical financial statements of AngioDynamics, assuming nothing else is changed. The correlation between historical values of AngioDynamics' Asset Turnover and Return On 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 Asset Turnover of AngioDynamics are associated (or correlated) with its Return On Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Return On Assets has no effect on the direction of Asset Turnover i.e., AngioDynamics' Asset Turnover and Return On Assets go up and down completely randomly.

Correlation Coefficient

-0.29

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Return On Assets

A profitability ratio that indicates the percentage of profit a company earns in relation to its overall resources. It is calculated by dividing net income by total assets.

Most indicators from AngioDynamics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AngioDynamics 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 AngioDynamics. 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.

To learn how to invest in AngioDynamics Stock, please use our How to Invest in AngioDynamics guide.At this time, AngioDynamics' Discontinued Operations is very stable compared to the past year. As of the 21st of May 2024, Enterprise Value is likely to grow to about 352.9 M, while Selling General Administrative is likely to drop about 27.5 M.

	2021	2022	2023	2024 (projected)
Gross Profit	165.7M	174.2M	200.4M	129.6M
Total Revenue	316.2M	338.8M	389.6M	242.9M

Gross Profit Total Revenue

AngioDynamics fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets
Common Stock Shares Outstanding		0.66	0.1	0.36	0.88	0.7	0.52	0.1	-0.15	-0.31	0.44	0.31	0.58	0.16	0.1	0.27	0.7	0.95	-0.34	0.26	0.78	-0.08	0.96	0.5	0.48	0.63
Total Assets	0.66		0.78	0.09	0.67	0.99	0.73	0.28	0.33	0.39	0.26	0.35	0.97	0.1	0.78	0.36	0.76	0.77	0.16	0.84	0.76	0.36	0.73	0.92	0.48	0.72
Short Long Term Debt Total	0.1	0.78		-0.17	0.27	0.68	0.63	0.18	0.66	0.75	0.03	0.13	0.81	0.01	0.99	0.15	0.56	0.24	0.39	0.95	0.43	0.54	0.19	0.89	0.3	0.4
Other Current Liab	0.36	0.09	-0.17		0.5	0.11	0.1	-0.66	-0.38	-0.59	0.8	0.31	-0.05	0.18	-0.13	0.33	0.32	0.37	-0.15	-0.14	0.12	0.01	0.4	0.04	0.08	0.44
Total Current Liabilities	0.88	0.67	0.27	0.5		0.66	0.65	-0.12	0.02	-0.26	0.61	0.26	0.58	0.17	0.28	0.25	0.87	0.9	-0.08	0.34	0.76	0.17	0.91	0.61	0.59	0.66
Total Stockholder Equity	0.7	0.99	0.68	0.11	0.66		0.66	0.35	0.21	0.32	0.25	0.41	0.94	0.15	0.69	0.42	0.72	0.81	0.14	0.75	0.75	0.31	0.77	0.84	0.46	0.77
Property Plant And Equipment Net	0.52	0.73	0.63	0.1	0.65	0.66		-0.2	0.71	0.13	0.44	-0.3	0.82	0.2	0.63	-0.3	0.88	0.63	0.31	0.71	0.82	0.54	0.61	0.8	0.78	0.2
Current Deferred Revenue	0.1	0.28	0.18	-0.66	-0.12	0.35	-0.2		-0.16	0.53	-0.64	0.43	0.25	-0.14	0.17	0.4	-0.19	0.08	-0.07	0.17	-0.02	-0.22	0.05	0.11	-0.08	0.28
Net Debt	-0.15	0.33	0.66	-0.38	0.02	0.21	0.71	-0.16		0.44	-0.01	-0.65	0.52	-0.01	0.64	-0.64	0.43	-0.02	0.48	0.65	0.4	0.59	-0.06	0.56	0.45	-0.34
Retained Earnings	-0.31	0.39	0.75	-0.59	-0.26	0.32	0.13	0.53	0.44		-0.57	0.19	0.43	-0.2	0.74	0.19	-0.02	-0.23	0.33	0.67	-0.08	0.26	-0.28	0.49	-0.1	0.13
Accounts Payable	0.44	0.26	0.03	0.8	0.61	0.25	0.44	-0.64	-0.01	-0.57		0.01	0.19	0.4	0.07	0.05	0.6	0.5	0.02	0.05	0.46	0.35	0.52	0.24	0.39	0.35
Cash	0.31	0.35	0.13	0.31	0.26	0.41	-0.3	0.43	-0.65	0.19	0.01		0.13	0.0	0.16	1.0	0.0	0.28	-0.24	0.1	-0.1	-0.24	0.28	0.17	-0.3	0.85
Non Current Assets Total	0.58	0.97	0.81	-0.05	0.58	0.94	0.82	0.25	0.52	0.43	0.19	0.13		0.08	0.8	0.13	0.76	0.7	0.22	0.89	0.79	0.4	0.65	0.94	0.55	0.53
Other Assets	0.16	0.1	0.01	0.18	0.17	0.15	0.2	-0.14	-0.01	-0.2	0.4	0.0	0.08		0.06	0.03	0.17	0.22	0.15	-0.07	0.15	0.19	0.22	-0.01	0.07	0.12
Long Term Debt	0.1	0.78	0.99	-0.13	0.28	0.69	0.63	0.17	0.64	0.74	0.07	0.16	0.8	0.06		0.18	0.55	0.26	0.44	0.94	0.43	0.57	0.2	0.89	0.27	0.43
Cash And Short Term Investments	0.27	0.36	0.15	0.33	0.25	0.42	-0.3	0.4	-0.64	0.19	0.05	1.0	0.13	0.03	0.18		0.0	0.27	-0.18	0.11	-0.11	-0.2	0.27	0.17	-0.3	0.85
Net Receivables	0.7	0.76	0.56	0.32	0.87	0.72	0.88	-0.19	0.43	-0.02	0.6	0.0	0.76	0.17	0.55	0.0		0.79	0.14	0.6	0.85	0.51	0.77	0.78	0.75	0.5
Common Stock Total Equity	0.95	0.77	0.24	0.37	0.9	0.81	0.63	0.08	-0.02	-0.23	0.5	0.28	0.7	0.22	0.26	0.27	0.79		-0.04	0.36	0.87	0.15	1.0	0.59	0.55	0.68
Short Term Investments	-0.34	0.16	0.39	-0.15	-0.08	0.14	0.31	-0.07	0.48	0.33	0.02	-0.24	0.22	0.15	0.44	-0.18	0.14	-0.04		0.25	0.12	0.71	-0.06	0.18	0.17	-0.07
Non Current Liabilities Total	0.26	0.84	0.95	-0.14	0.34	0.75	0.71	0.17	0.65	0.67	0.05	0.1	0.89	-0.07	0.94	0.11	0.6	0.36	0.25		0.55	0.42	0.31	0.96	0.35	0.41
Inventory	0.78	0.76	0.43	0.12	0.76	0.75	0.82	-0.02	0.4	-0.08	0.46	-0.1	0.79	0.15	0.43	-0.11	0.85	0.87	0.12	0.55		0.43	0.85	0.7	0.63	0.41
Other Current Assets	-0.08	0.36	0.54	0.01	0.17	0.31	0.54	-0.22	0.59	0.26	0.35	-0.24	0.4	0.19	0.57	-0.2	0.51	0.15	0.71	0.42	0.43		0.13	0.41	0.32	0.09
Other Stockholder Equity	0.96	0.73	0.19	0.4	0.91	0.77	0.61	0.05	-0.06	-0.28	0.52	0.28	0.65	0.22	0.2	0.27	0.77	1.0	-0.06	0.31	0.85	0.13		0.55	0.55	0.68
Total Liab	0.5	0.92	0.89	0.04	0.61	0.84	0.8	0.11	0.56	0.49	0.24	0.17	0.94	-0.01	0.89	0.17	0.78	0.59	0.18	0.96	0.7	0.41	0.55		0.48	0.55
Property Plant And Equipment Gross	0.48	0.48	0.3	0.08	0.59	0.46	0.78	-0.08	0.45	-0.1	0.39	-0.3	0.55	0.07	0.27	-0.3	0.75	0.55	0.17	0.35	0.63	0.32	0.55	0.48		0.12
Total Current Assets	0.63	0.72	0.4	0.44	0.66	0.77	0.2	0.28	-0.34	0.13	0.35	0.85	0.53	0.12	0.43	0.85	0.5	0.68	-0.07	0.41	0.41	0.09	0.68	0.55	0.12

Click cells to compare fundamentals

AngioDynamics Account Relationship Matchups

AngioDynamics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	38.0M	38.3M	39.0M	39.5M	45.4M	29.4M
Total Assets	595.5M	561.4M	552.8M	532.6M	612.5M	533.4M
Short Long Term Debt Total	40.8M	20M	33.8M	49.8M	57.3M	66.3M
Other Current Liab	2.1M	38.0M	21.5M	43.4M	49.9M	52.4M
Total Current Liabilities	51.5M	57.6M	74.3M	83.8M	96.4M	48.7M
Total Stockholder Equity	455.9M	439.5M	424.5M	378.3M	435.0M	404.2M
Property Plant And Equipment Net	28.3M	37.1M	45.0M	44.4M	51.0M	35.0M
Net Debt	(13.6M)	(28.2M)	5.0M	5.2M	6.0M	5.7M
Retained Earnings	(100.3M)	(131.9M)	(158.4M)	(210.9M)	(189.8M)	(180.3M)
Accounts Payable	19.1M	19.6M	28.0M	40.4M	46.5M	48.8M
Cash	54.4M	48.2M	28.8M	44.6M	51.3M	45.7M
Non Current Assets Total	442.6M	420.6M	409.4M	369.1M	424.5M	382.2M
Other Assets	5.2M	3.8M	11.0M	49.2M	56.6M	59.4M
Long Term Debt	40M	20M	25M	49.8M	57.3M	58.7M
Cash And Short Term Investments	54.4M	48.2M	28.8M	44.6M	51.3M	61.7M
Net Receivables	31.3M	35.4M	52.3M	52.8M	60.7M	38.3M
Common Stock Total Equity	374K	377K	380K	382K	439.3K	308.9K
Liabilities And Stockholders Equity	595.5M	561.4M	552.8M	532.6M	612.5M	533.4M
Non Current Liabilities Total	88.1M	64.4M	53.9M	70.5M	81.1M	80.5M
Inventory	59.9M	48.6M	51.4M	55.3M	63.6M	42.5M
Other Current Assets	2.2M	1.8M	2.2M	4.6M	4.2M	4.5M
Other Stockholder Equity	557.2M	567.8M	581.2M	593.5M	682.5M	424.4M
Total Liab	139.6M	122.0M	128.3M	154.3M	177.5M	129.1M
Property Plant And Equipment Gross	28.3M	37.1M	96.1M	44.4M	51.0M	37.5M
Total Current Assets	152.9M	140.9M	143.3M	163.5M	188.1M	151.2M
Accumulated Other Comprehensive Income	(1.3M)	3.2M	1.4M	(4.7M)	(5.4M)	(5.2M)
Short Term Debt	836K	2.4M	8.8M	14.8M	17.0M	8.5M
Intangible Assets	197.1M	169.0M	152.4M	111.1M	127.8M	113.3M
Common Stock	374K	377K	380K	382K	439.3K	309.7K
Property Plant Equipment	28.3M	37.1M	45.0M	44.4M	51.0M	34.9M
Non Currrent Assets Other	15.6M	13.2M	(5.1M)	54.3M	62.5M	65.6M
Other Liab	39.6M	37.1M	24.2M	17.4M	20.0M	32.6M
Good Will	201.5M	201.3M	201.1M	159.2M	183.1M	283.9M
Net Tangible Assets	57.2M	69.2M	71.1M	378.3M	435.0M	456.8M
Retained Earnings Total Equity	(100.3M)	(131.9M)	(158.4M)	(210.9M)	(189.8M)	(180.3M)
Long Term Debt Total	40M	20M	25M	49.8M	44.8M	69.2M
Capital Surpluse	561.9M	573.5M	586.9M	599.2M	689.1M	600.4M
Deferred Long Term Liab	24.1M	20.0M	16.0M	12.8M	14.7M	14.1M

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When determining whether AngioDynamics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AngioDynamics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Angiodynamics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Angiodynamics Stock:

How To Invest In AngioDynamics

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Is AngioDynamics Stock a good investment?

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What is AngioDynamics' Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AngioDynamics. 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.

To learn how to invest in AngioDynamics Stock, please use our How to Invest in AngioDynamics guide.

Note that the AngioDynamics information on this page should be used as a complementary analysis to other AngioDynamics' 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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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When running AngioDynamics' price analysis, check to measure AngioDynamics' 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 AngioDynamics is operating at the current time. Most of AngioDynamics' value examination focuses on studying past and present price action to predict the probability of AngioDynamics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AngioDynamics' price. Additionally, you may evaluate how the addition of AngioDynamics to your portfolios can decrease your overall portfolio volatility.

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Is AngioDynamics' 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 AngioDynamics. If investors know AngioDynamics 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 AngioDynamics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(4.80)

Revenue Per Share

8.105

Quarterly Revenue Growth

(0.07)

Return On Assets

(0.05)

Return On Equity

(0.62)

The market value of AngioDynamics is measured differently than its book value, which is the value of AngioDynamics that is recorded on the company's balance sheet. Investors also form their own opinion of AngioDynamics' value that differs from its market value or its book value, called intrinsic value, which is AngioDynamics' 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 AngioDynamics' market value can be influenced by many factors that don't directly affect AngioDynamics' 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 AngioDynamics' value and its price as these two are different measures arrived at by different means. Investors typically determine if AngioDynamics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AngioDynamics' 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.

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AngioDynamics Asset Turnover vs Return On Assets Analysis

Asset Turnover vs Return On Assets

Asset Turnover vs Return On Assets Correlation Analysis

Correlation Coefficient

Asset Turnover

Return On Assets

AngioDynamics fundamental ratios Correlations

AngioDynamics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

AngioDynamics fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Other Stockholder Equity	+ 1.0	Common Stock Total Equity
Total Stockholder Equity	+ 0.99	Total Assets
Long Term Debt	+ 0.99	Short Long Term Debt Total
Non Current Assets Total	+ 0.97	Total Assets
Other Stockholder Equity	+ 0.96	Common Stock Shares Outstanding

Current Deferred Revenue	- 0.66	Other Current Liab
Cash	- 0.65	Net Debt
Cash And Short Term Investments	- 0.64	Net Debt
Accounts Payable	- 0.64	Current Deferred Revenue
Retained Earnings	- 0.59	Other Current Liab
Accounts Payable	- 0.57	Retained Earnings