Array Good Will vs Net Invested Capital Analysis

ARRY Stock

USD 12.98 1.87 16.83%

Array TechnologiesInc financial indicator trend analysis is way more than just evaluating Array TechnologiesInc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Array TechnologiesInc is a good investment. Please check the relationship between Array TechnologiesInc Good Will and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Array TechnologiesInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Array Stock please use our How to Invest in Array TechnologiesInc guide.

Good Will vs Net Invested Capital

Good Will vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Array TechnologiesInc Good Will account and Net Invested Capital. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Array TechnologiesInc's Good Will and Net Invested Capital is 0.83. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Array TechnologiesInc, assuming nothing else is changed. The correlation between historical values of Array TechnologiesInc's Good Will and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Array TechnologiesInc are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Good Will i.e., Array TechnologiesInc's Good Will and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most indicators from Array TechnologiesInc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Array TechnologiesInc 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 Array TechnologiesInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Array Stock please use our How to Invest in Array TechnologiesInc guide.At this time, Array TechnologiesInc's Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.11 in 2024, whereas Selling General Administrative is likely to drop slightly above 151.6 M in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	104.9M	249.9M	159.5M	151.6M
Cost Of Revenue	770.5M	1.4B	1.2B	1.1B

Total Operating Expenses Cost Of Revenue

Array TechnologiesInc fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Net Debt	Cash	Net Receivables	Common Stock Total Equity	Short Term Investments	Inventory	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Non Current Assets Total	Common Stock Shares Outstanding	Short Long Term Debt Total	Other Current Liab	Total Stockholder Equity	Property Plant And Equipment Net	Accounts Payable	Non Currrent Assets Other	Cash And Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Common Stock	Current Deferred Revenue	Retained Earnings
Total Assets		1.0	-1.0	1.0	0.97	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	-1.0	1.0	0.83	1.0	1.0	0.03	-0.19	-0.03
Total Current Liabilities	1.0		-1.0	1.0	0.97	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	-1.0	1.0	0.83	1.0	1.0	0.05	-0.16	-0.01
Net Debt	-1.0	-1.0		-1.0	-0.96	-1.0	-1.0	-1.0	-1.0	-1.0	-1.0	-1.0	-1.0	-0.99	-1.0	-1.0	-1.0	-0.99	1.0	-1.0	-0.81	-0.99	-1.0	-0.03	0.21	0.06
Cash	1.0	1.0	-1.0		0.97	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	0.99	1.0	1.0	1.0	1.0	-1.0	1.0	0.83	1.0	1.0	0.03	-0.2	-0.04
Net Receivables	0.97	0.97	-0.96	0.97		0.97	0.97	0.97	0.97	0.97	0.97	0.98	0.97	0.99	0.97	0.97	0.97	0.98	-0.97	0.97	0.93	0.98	0.97	0.01	-0.11	0.14
Common Stock Total Equity	1.0	1.0	-1.0	1.0	0.97		1.0	1.0	1.0	1.0	1.0	1.0	1.0	0.99	1.0	1.0	1.0	1.0	-1.0	1.0	0.82	1.0	1.0	0.02	-0.2	-0.05
Short Term Investments	1.0	1.0	-1.0	1.0	0.97	1.0		1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	-1.0	1.0	0.83	1.0	1.0	0.03	-0.19	-0.03
Inventory	1.0	1.0	-1.0	1.0	0.97	1.0	1.0		1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	-1.0	1.0	0.83	1.0	1.0	0.03	-0.19	-0.02
Total Liab	1.0	1.0	-1.0	1.0	0.97	1.0	1.0	1.0		1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	-1.0	1.0	0.83	1.0	1.0	0.02	-0.2	-0.03
Property Plant And Equipment Gross	1.0	1.0	-1.0	1.0	0.97	1.0	1.0	1.0	1.0		1.0	1.0	1.0	0.99	1.0	1.0	1.0	1.0	-1.0	1.0	0.82	1.0	1.0	0.02	-0.2	-0.04
Total Current Assets	1.0	1.0	-1.0	1.0	0.97	1.0	1.0	1.0	1.0	1.0		1.0	1.0	1.0	1.0	1.0	1.0	1.0	-1.0	1.0	0.83	1.0	1.0	0.03	-0.19	-0.03
Non Current Assets Total	1.0	1.0	-1.0	1.0	0.98	1.0	1.0	1.0	1.0	1.0	1.0		1.0	1.0	1.0	1.0	1.0	1.0	-1.0	1.0	0.84	1.0	1.0	0.02	-0.19	-0.02
Common Stock Shares Outstanding	1.0	1.0	-1.0	1.0	0.97	1.0	1.0	1.0	1.0	1.0	1.0	1.0		0.99	1.0	1.0	1.0	1.0	-1.0	1.0	0.83	1.0	1.0	0.02	-0.2	-0.04
Short Long Term Debt Total	1.0	1.0	-0.99	0.99	0.99	0.99	1.0	1.0	1.0	0.99	1.0	1.0	0.99		0.99	1.0	0.99	1.0	-0.99	0.99	0.88	1.0	0.99	0.0	-0.17	0.03
Other Current Liab	1.0	1.0	-1.0	1.0	0.97	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	0.99		1.0	1.0	1.0	-1.0	1.0	0.83	1.0	1.0	0.02	-0.2	-0.04
Total Stockholder Equity	1.0	1.0	-1.0	1.0	0.97	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0		1.0	1.0	-1.0	1.0	0.83	1.0	1.0	0.03	-0.2	-0.04
Property Plant And Equipment Net	1.0	1.0	-1.0	1.0	0.97	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	0.99	1.0	1.0		1.0	-1.0	1.0	0.82	1.0	1.0	0.02	-0.2	-0.04
Accounts Payable	1.0	1.0	-0.99	1.0	0.98	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0		-0.99	1.0	0.86	1.0	0.99	0.06	-0.13	0.03
Non Currrent Assets Other	-1.0	-1.0	1.0	-1.0	-0.97	-1.0	-1.0	-1.0	-1.0	-1.0	-1.0	-1.0	-1.0	-0.99	-1.0	-1.0	-1.0	-0.99		-1.0	-0.82	-1.0	-1.0	-0.02	0.21	0.05
Cash And Short Term Investments	1.0	1.0	-1.0	1.0	0.97	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	0.99	1.0	1.0	1.0	1.0	-1.0		0.82	1.0	1.0	0.03	-0.2	-0.04
Non Current Liabilities Total	0.83	0.83	-0.81	0.83	0.93	0.82	0.83	0.83	0.83	0.82	0.83	0.84	0.83	0.88	0.83	0.83	0.82	0.86	-0.82	0.82		0.86	0.82	-0.12	-0.07	0.35
Other Current Assets	1.0	1.0	-0.99	1.0	0.98	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	-1.0	1.0	0.86		1.0	0.01	-0.19	0.01
Other Stockholder Equity	1.0	1.0	-1.0	1.0	0.97	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	0.99	1.0	1.0	1.0	0.99	-1.0	1.0	0.82	1.0		0.02	-0.21	-0.05
Common Stock	0.03	0.05	-0.03	0.03	0.01	0.02	0.03	0.03	0.02	0.02	0.03	0.02	0.02	0.0	0.02	0.03	0.02	0.06	-0.02	0.03	-0.12	0.01	0.02		0.78	0.27
Current Deferred Revenue	-0.19	-0.16	0.21	-0.2	-0.11	-0.2	-0.19	-0.19	-0.2	-0.2	-0.19	-0.19	-0.2	-0.17	-0.2	-0.2	-0.2	-0.13	0.21	-0.2	-0.07	-0.19	-0.21	0.78		0.63
Retained Earnings	-0.03	-0.01	0.06	-0.04	0.14	-0.05	-0.03	-0.02	-0.03	-0.04	-0.03	-0.02	-0.04	0.03	-0.04	-0.04	-0.04	0.03	0.05	-0.04	0.35	0.01	-0.05	0.27	0.63

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Array TechnologiesInc Account Relationship Matchups

Array TechnologiesInc fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	923.6M	656.0M	1.1B	1.7B	1.7B	1.6B
Total Current Liabilities	590.6M	289.1M	245.3M	465.3M	335.7M	318.9M
Net Debt	(212.5M)	319.8M	353.6M	635.7M	458.6M	481.5M
Cash	310.3M	108.4M	367.7M	133.9M	249.1M	236.6M
Net Receivables	96.9M	135.9M	245.1M	424.7M	332.2M	469.3M
Common Stock Total Equity	171K	211K	127K	150K	135K	128.3K
Liabilities And Stockholders Equity	923.6M	656.0M	1.1B	1.7B	1.7B	1.6B
Inventory	148.0M	118.5M	205.7M	233.2M	162.0M	153.9M
Total Liab	618.4M	736.9M	974.7M	1.3B	1.1B	1.0B
Property Plant And Equipment Gross	10.7M	9.8M	21.9M	23.2M	54.0M	51.3M
Total Current Assets	619.7M	375.2M	852.0M	831.2M	832.3M	790.7M
Accumulated Other Comprehensive Income	(461K)	(6.6M)	0.0	8.4M	44.8M	47.1M
Non Current Assets Total	303.9M	280.8M	290.9M	874.8M	874.5M	830.7M
Short Long Term Debt Total	97.7M	428.3M	721.3M	769.6M	707.6M	672.3M
Other Current Liab	28.6M	50.0M	43.5M	66.7M	122.5M	116.4M
Total Stockholder Equity	305.2M	(80.9M)	168.3M	423.9M	610.5M	580.0M
Property Plant And Equipment Net	10.7M	9.8M	10.7M	23.2M	54.0M	51.3M
Accounts Payable	135.5M	85.0M	92.0M	170.4M	119.5M	113.5M
Cash And Short Term Investments	310.3M	108.4M	367.7M	133.9M	249.1M	236.6M
Non Current Liabilities Total	27.8M	447.8M	729.4M	816.9M	760.5M	1.2B
Other Current Assets	13.5M	12.4M	33.6M	39.4M	89.1M	84.6M
Other Stockholder Equity	311.7M	140.5M	202.6M	383.2M	344.5M	327.3M
Common Stock	305.2M	127K	135K	150K	151K	143.5K
Current Deferred Revenue	328.8M	149.8M	99.6M	178.9M	66.5M	73.2M
Short Term Debt	97.7M	4.3M	10.2M	49.2M	27.2M	30.1M
Net Tangible Assets	11.9M	(348.9M)	(313.7M)	423.9M	487.4M	511.8M
Net Invested Capital	97.7M	347.3M	646.2M	883.3M	941.7M	563.0M
Short Long Term Debt	97.7M	4.3M	4.3M	38.7M	21.5M	30.1M
Non Current Liabilities Other	12.0M	10.7M	18.4M	24.0M	32.7M	20.7M
Net Working Capital	29.1M	86.1M	606.7M	365.9M	496.6M	297.7M
Intangible Assets	223.5M	198.3M	174.8M	386.4M	350.4M	290.0M
Property Plant Equipment	10.7M	9.8M	21.9M	23.2M	26.7M	16.8M

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When determining whether Array TechnologiesInc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Array TechnologiesInc's 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 Array Technologiesinc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Array Technologiesinc Stock:

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Is Array Stock a good investment?

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What is Array TechnologiesInc's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Array TechnologiesInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Array Stock please use our How to Invest in Array TechnologiesInc guide.

You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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

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Is Array TechnologiesInc'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 Array TechnologiesInc. If investors know Array 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 Array TechnologiesInc 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

(0.65)

Earnings Share

0.38

Revenue Per Share

8.954

Quarterly Revenue Growth

(0.59)

Return On Assets

0.0628

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

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Array Good Will vs Net Invested Capital Analysis

Good Will vs Net Invested Capital

Good Will vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Good Will

Net Invested Capital

Array TechnologiesInc fundamental ratios Correlations

Array TechnologiesInc Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Array TechnologiesInc fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Liabilities	+ 1.0	Total Assets
Cash	+ 1.0	Total Assets
Common Stock Total Equity	+ 1.0	Total Assets
Short Term Investments	+ 1.0	Total Assets
Inventory	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets

Other Stockholder Equity	- 1.0	Non Currrent Assets Other
Other Current Assets	- 1.0	Non Currrent Assets Other
Cash And Short Term Investments	- 1.0	Non Currrent Assets Other
Non Currrent Assets Other	- 1.0	Property Plant And Equipment Net
Non Currrent Assets Other	- 1.0	Total Stockholder Equity
Non Currrent Assets Other	- 1.0	Other Current Liab