Algonquin Total Assets vs Inventory Analysis
AQN Stock | USD 6.31 0.05 0.80% |
Algonquin Power financial indicator trend analysis is way more than just evaluating Algonquin Power Utilities prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Algonquin Power Utilities is a good investment. Please check the relationship between Algonquin Power Total Assets and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algonquin Power Utilities. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index.
Total Assets vs Inventory
Total Assets vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Algonquin Power Utilities Total Assets account and Inventory. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Algonquin Power's Total Assets and Inventory is 0.98. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Inventory in the same time period over historical financial statements of Algonquin Power Utilities, assuming nothing else is changed. The correlation between historical values of Algonquin Power's Total Assets and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Algonquin Power Utilities are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Total Assets i.e., Algonquin Power's Total Assets and Inventory go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of Algonquin Power 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 Algonquin Power Utilities 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. 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.Inventory
Most indicators from Algonquin Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Algonquin Power Utilities 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 Algonquin Power Utilities. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index. At this time, Algonquin Power's Selling General Administrative is very stable compared to the past year. As of the 1st of June 2024, Sales General And Administrative To Revenue is likely to grow to 0.04, though Tax Provision is likely to grow to (82 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.6B | 1.9B | 588.7M | 480.0M | Total Revenue | 2.3B | 2.8B | 2.7B | 2.9B |
Algonquin Power fundamental ratios Correlations
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Algonquin Power Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Algonquin Power fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 10.9B | 13.2B | 16.8B | 17.6B | 18.3B | 19.2B | |
Short Long Term Debt Total | 3.9B | 4.5B | 6.2B | 7.5B | 8.5B | 8.9B | |
Other Current Liab | 114.8M | 160.9M | 279.7M | 925.1M | 774.0M | 812.7M | |
Total Current Liabilities | 872.1M | 955.2M | 1.4B | 1.5B | 1.7B | 1.8B | |
Total Stockholder Equity | 3.9B | 5.2B | 5.9B | 5.2B | 5.0B | 5.3B | |
Property Plant And Equipment Net | 7.2B | 8.2B | 11.0B | 11.9B | 12.5B | 13.1B | |
Net Debt | 3.9B | 4.4B | 6.1B | 7.5B | 8.4B | 8.9B | |
Retained Earnings | (367.1M) | 45.8M | (288.4M) | (997.9M) | (1.3B) | (1.2B) | |
Cash | 62.5M | 101.6M | 125.2M | 57.6M | 55.9M | 38.7M | |
Non Current Assets Total | 10.4B | 12.5B | 15.8B | 16.5B | 17.2B | 18.1B | |
Non Currrent Assets Other | 640.6M | 912.8M | 1.2B | 1.3B | 1.4B | 1.4B | |
Other Assets | 671.2M | 931.8M | 1.2B | 1.4B | 1.6B | 1.6B | |
Cash And Short Term Investments | 62.5M | 101.6M | 125.2M | 57.6M | 55.9M | 39.3M | |
Net Receivables | 259.1M | 325.6M | 403.4M | 528.1M | 521.5M | 547.6M | |
Common Stock Total Equity | 3.0B | 3.6B | 4.0B | 4.9B | 5.7B | 6.0B | |
Common Stock Shares Outstanding | 504.7M | 564.4M | 628.9M | 677.9M | 690.8M | 725.3M | |
Liabilities And Stockholders Equity | 10.9B | 13.2B | 16.8B | 17.6B | 18.3B | 19.2B | |
Non Current Liabilities Total | 5.3B | 6.3B | 7.7B | 8.9B | 9.7B | 10.2B | |
Inventory | 91.1M | 134.6M | 177.8M | 224.9M | 226.0M | 237.3M | |
Other Current Assets | 58.0M | 70.3M | 174.4M | 213.0M | 257.6M | 270.4M | |
Total Liab | 6.2B | 7.2B | 9.1B | 10.5B | 11.4B | 11.9B | |
Property Plant And Equipment Gross | 7.2B | 8.2B | 12.6B | 14.0B | 14.9B | 15.6B | |
Total Current Assets | 513.2M | 695.0M | 938.7M | 1.1B | 1.1B | 1.1B | |
Common Stock | 4.0B | 4.9B | 6.0B | 6.2B | 6.2B | 6.5B | |
Current Deferred Revenue | 381.9M | 462.3M | 543.3M | 74.5M | 85.7M | 141.3M | |
Accounts Payable | 150.3M | 192.2M | 185.3M | 186.1M | 209.3M | 219.8M | |
Other Stockholder Equity | 50.6M | 60.7M | 2.0M | 9.4M | 7.2M | 6.9M | |
Accumulated Other Comprehensive Income | (9.8M) | (22.5M) | (71.7M) | (160.1M) | (101.8M) | (96.7M) | |
Short Term Debt | 225.0M | 139.9M | 356.4M | 423.3M | 618.7M | 649.6M | |
Other Liab | 1.6B | 1.8B | 1.8B | 1.8B | 2.0B | 2.1B | |
Net Tangible Assets | 2.6B | 3.7B | 4.4B | 3.6B | 4.2B | 4.4B | |
Long Term Debt | 3.7B | 4.4B | 5.9B | 7.1B | 7.9B | 8.3B | |
Good Will | 1.0B | 1.2B | 1.2B | 1.3B | 1.3B | 1.4B | |
Deferred Long Term Liab | 509.7M | 782.4M | 1.0B | 1.1B | 1.2B | 1.3B | |
Long Term Investments | 1.4B | 2.1B | 2.3B | 1.8B | 1.6B | 1.7B | |
Short Long Term Debt | 225.0M | 139.9M | 356.4M | 423.3M | 621.9M | 652.9M | |
Intangible Assets | 47.6M | 114.9M | 105.1M | 96.7M | 93.9M | 74.1M | |
Property Plant Equipment | 7.2B | 8.2B | 11.0B | 11.9B | 13.7B | 14.4B |
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Is Algonquin Power'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 Algonquin Power. If investors know Algonquin 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 Algonquin Power 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 1.998 | Dividend Share 0.434 | Earnings Share (0.49) | Revenue Per Share 3.854 | Quarterly Revenue Growth (0.05) |
The market value of Algonquin Power Utilities is measured differently than its book value, which is the value of Algonquin that is recorded on the company's balance sheet. Investors also form their own opinion of Algonquin Power's value that differs from its market value or its book value, called intrinsic value, which is Algonquin Power'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 Algonquin Power's market value can be influenced by many factors that don't directly affect Algonquin Power'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 Algonquin Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Algonquin Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Algonquin Power'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.