Asure Operating Income vs Non Operating Income Net Other Analysis

ASUR Stock

USD 7.27 0.21 2.97%

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

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

Operating Income vs Non Operating Income Net Other

Operating Income vs Non Operating Income Net Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Asure Software Operating Income account and Non Operating Income Net Other. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Asure Software's Operating Income and Non Operating Income Net Other is -0.67. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Non Operating Income Net Other in the same time period over historical financial statements of Asure Software, assuming nothing else is changed. The correlation between historical values of Asure Software's Operating Income and Non Operating Income Net Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Asure Software are associated (or correlated) with its Non Operating Income Net Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Operating Income Net Other has no effect on the direction of Operating Income i.e., Asure Software's Operating Income and Non Operating Income Net Other go up and down completely randomly.

Correlation Coefficient

-0.67

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Asure Software operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Asure Software is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Non Operating Income Net Other

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

To learn how to invest in Asure Stock, please use our How to Invest in Asure Software guide.At this time, Asure Software's Tax Provision is relatively stable compared to the past year. As of 04/28/2024, Discontinued Operations is likely to grow to about 87.3 M, while Enterprise Value Over EBITDA is likely to drop 10.29.

	2021	2022	2023	2024 (projected)
Gross Profit	46.6M	62.5M	71.9M	75.5M
Total Revenue	76.1M	95.8M	119.1M	125.0M

Gross Profit Total Revenue

Asure Software fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Non Currrent Assets Other	Intangible Assets	Current Deferred Revenue	Common Stock Total Equity
Total Assets		0.38	0.97	0.98	0.97	0.95	0.01	-0.38	0.27	0.84	0.96	0.78	0.55	0.95	0.34	0.13	0.63	0.74	0.99	0.77	0.99	0.49	0.86	0.96	-0.49	0.31
Short Long Term Debt Total	0.38		0.21	0.24	0.26	0.19	0.89	-0.32	0.32	0.34	0.57	0.41	0.71	0.29	0.99	0.76	0.18	0.43	0.45	-0.03	0.26	0.45	0.12	0.52	0.3	-0.06
Other Current Liab	0.97	0.21		1.0	0.94	0.93	-0.15	-0.32	0.16	0.78	0.88	0.73	0.39	0.9	0.16	0.0	0.56	0.68	0.97	0.76	1.0	0.51	0.84	0.89	-0.58	0.35
Total Current Liabilities	0.98	0.24	1.0		0.93	0.93	-0.12	-0.34	0.18	0.79	0.88	0.74	0.42	0.9	0.19	0.01	0.55	0.7	0.97	0.75	1.0	0.54	0.83	0.89	-0.56	0.32
Total Stockholder Equity	0.97	0.26	0.94	0.93		0.99	-0.14	-0.35	0.31	0.85	0.94	0.76	0.52	0.98	0.23	0.02	0.72	0.69	0.92	0.88	0.95	0.31	0.93	0.93	-0.53	0.32
Property Plant And Equipment Net	0.95	0.19	0.93	0.93	0.99		-0.2	-0.35	0.32	0.82	0.91	0.73	0.49	0.98	0.16	-0.04	0.65	0.69	0.9	0.88	0.94	0.29	0.94	0.9	-0.53	0.3
Net Debt	0.01	0.89	-0.15	-0.12	-0.14	-0.2		-0.16	0.15	-0.11	0.21	0.01	0.48	-0.08	0.91	0.78	-0.06	0.18	0.1	-0.41	-0.12	0.24	-0.24	0.19	0.46	-0.15
Retained Earnings	-0.38	-0.32	-0.32	-0.34	-0.35	-0.35	-0.16		-0.41	-0.36	-0.43	-0.31	-0.43	-0.5	-0.3	0.04	-0.29	-0.76	-0.39	-0.33	-0.34	-0.29	-0.35	-0.29	0.28	0.26
Accounts Payable	0.27	0.32	0.16	0.18	0.31	0.32	0.15	-0.41		0.31	0.37	0.11	0.52	0.36	0.31	0.4	0.37	0.15	0.23	0.5	0.19	-0.08	0.51	0.26	0.26	-0.28
Cash	0.84	0.34	0.78	0.79	0.85	0.82	-0.11	-0.36	0.31		0.81	0.94	0.58	0.81	0.28	0.02	0.5	0.61	0.8	0.76	0.82	0.54	0.74	0.75	-0.31	0.18
Non Current Assets Total	0.96	0.57	0.88	0.88	0.94	0.91	0.21	-0.43	0.37	0.81		0.76	0.68	0.94	0.55	0.29	0.67	0.76	0.95	0.73	0.9	0.41	0.83	0.98	-0.37	0.25
Cash And Short Term Investments	0.78	0.41	0.73	0.74	0.76	0.73	0.01	-0.31	0.11	0.94	0.76		0.6	0.72	0.35	0.08	0.35	0.7	0.77	0.58	0.77	0.62	0.59	0.72	-0.27	0.18
Net Receivables	0.55	0.71	0.39	0.42	0.52	0.49	0.48	-0.43	0.52	0.58	0.68	0.6		0.58	0.71	0.46	0.46	0.6	0.55	0.46	0.44	0.27	0.54	0.56	0.26	-0.05
Common Stock Shares Outstanding	0.95	0.29	0.9	0.9	0.98	0.98	-0.08	-0.5	0.36	0.81	0.94	0.72	0.58		0.27	0.0	0.73	0.77	0.9	0.87	0.92	0.29	0.93	0.9	-0.51	0.24
Non Current Liabilities Total	0.34	0.99	0.16	0.19	0.23	0.16	0.91	-0.3	0.31	0.28	0.55	0.35	0.71	0.27		0.78	0.21	0.41	0.4	-0.05	0.21	0.35	0.11	0.5	0.31	-0.06
Inventory	0.13	0.76	0.0	0.01	0.02	-0.04	0.78	0.04	0.4	0.02	0.29	0.08	0.46	0.0	0.78		0.07	0.07	0.19	-0.15	0.02	0.08	0.02	0.31	0.4	-0.02
Other Current Assets	0.63	0.18	0.56	0.55	0.72	0.65	-0.06	-0.29	0.37	0.5	0.67	0.35	0.46	0.73	0.21	0.07		0.41	0.56	0.77	0.58	-0.14	0.78	0.64	-0.36	0.19
Other Stockholder Equity	0.74	0.43	0.68	0.7	0.69	0.69	0.18	-0.76	0.15	0.61	0.76	0.7	0.6	0.77	0.41	0.07	0.41		0.75	0.49	0.7	0.44	0.57	0.7	-0.45	0.04
Total Liab	0.99	0.45	0.97	0.97	0.92	0.9	0.1	-0.39	0.23	0.8	0.95	0.77	0.55	0.9	0.4	0.19	0.56	0.75		0.68	0.98	0.58	0.79	0.95	-0.45	0.29
Property Plant And Equipment Gross	0.77	-0.03	0.76	0.75	0.88	0.88	-0.41	-0.33	0.5	0.76	0.73	0.58	0.46	0.87	-0.05	-0.15	0.77	0.49	0.68		0.77	0.03	0.97	0.68	-0.43	0.23
Total Current Assets	0.99	0.26	1.0	1.0	0.95	0.94	-0.12	-0.34	0.19	0.82	0.9	0.77	0.44	0.92	0.21	0.02	0.58	0.7	0.98	0.77		0.52	0.85	0.91	-0.55	0.33
Short Term Debt	0.49	0.45	0.51	0.54	0.31	0.29	0.24	-0.29	-0.08	0.54	0.41	0.62	0.27	0.29	0.35	0.08	-0.14	0.44	0.58	0.03	0.52		0.09	0.38	-0.06	-0.03
Non Currrent Assets Other	0.86	0.12	0.84	0.83	0.93	0.94	-0.24	-0.35	0.51	0.74	0.83	0.59	0.54	0.93	0.11	0.02	0.78	0.57	0.79	0.97	0.85	0.09		0.8	-0.44	0.28
Intangible Assets	0.96	0.52	0.89	0.89	0.93	0.9	0.19	-0.29	0.26	0.75	0.98	0.72	0.56	0.9	0.5	0.31	0.64	0.7	0.95	0.68	0.91	0.38	0.8		-0.43	0.33
Current Deferred Revenue	-0.49	0.3	-0.58	-0.56	-0.53	-0.53	0.46	0.28	0.26	-0.31	-0.37	-0.27	0.26	-0.51	0.31	0.4	-0.36	-0.45	-0.45	-0.43	-0.55	-0.06	-0.44	-0.43		-0.53
Common Stock Total Equity	0.31	-0.06	0.35	0.32	0.32	0.3	-0.15	0.26	-0.28	0.18	0.25	0.18	-0.05	0.24	-0.06	-0.02	0.19	0.04	0.29	0.23	0.33	-0.03	0.28	0.33	-0.53

Click cells to compare fundamentals

Asure Software Account Relationship Matchups

Asure Software fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	335.0M	515.4M	433.2M	419.9M	443.9M	466.1M
Short Long Term Debt Total	34.2M	31.7M	41.3M	43.2M	10.4M	20.5M
Other Current Liab	155.2M	328.8M	225.1M	218.6M	230.4M	241.9M
Total Current Liabilities	166.6M	350.0M	232.8M	235.2M	241.3M	253.4M
Total Stockholder Equity	137.6M	145.7M	158.2M	145.1M	191.7M	201.2M
Property Plant And Equipment Net	14.8M	14.7M	14.7M	18.5M	19.5M	20.5M
Net Debt	5.4M	3.2M	27.9M	26.2M	(19.9M)	(18.9M)
Retained Earnings	(253.6M)	(270.0M)	(266.8M)	(281.2M)	(290.4M)	(305.0M)
Accounts Payable	1.7M	1.3M	565K	2.2M	2.6M	4.2M
Cash	28.8M	28.6M	13.4M	17.0M	30.3M	31.8M
Non Current Assets Total	150.6M	157.2M	183.4M	176.6M	176.6M	185.5M
Cash And Short Term Investments	28.8M	28.6M	13.4M	17.0M	30.3M	15.2M
Net Receivables	4.8M	5.3M	5.3M	12.1M	14.2M	8.3M
Common Stock Shares Outstanding	15.5M	15.9M	19.5M	20.1M	22.1M	23.2M
Liabilities And Stockholders Equity	335.0M	515.4M	433.2M	419.9M	443.9M	466.1M
Non Current Liabilities Total	30.9M	19.7M	42.2M	39.7M	10.9M	15.5M
Inventory	656K	449K	246K	251K	155K	147.3K
Other Current Assets	1.3M	1.5M	230.9M	10.3M	222.5M	233.7M
Other Stockholder Equity	391.1M	414.8M	424.9M	428.6M	483.0M	281.3M
Total Liab	197.5M	369.8M	275.0M	274.8M	252.2M	264.8M
Property Plant And Equipment Gross	14.8M	14.7M	14.7M	18.5M	43.5M	45.7M
Total Current Assets	184.4M	358.2M	249.8M	243.3M	267.2M	280.6M
Accumulated Other Comprehensive Income	(25K)	604K	(99K)	(2.5M)	(1.1M)	(1.2M)
Short Term Debt	4.1M	14.1M	3.5M	6.0M	1.5M	3.0M
Non Currrent Assets Other	3.2M	4.0M	4.1M	5.5M	9.0M	9.5M
Intangible Assets	63.9M	64.6M	78.6M	66.6M	62.1M	65.2M
Current Deferred Revenue	5.5M	5.8M	3.8M	8.5M	6.9M	6.7M
Common Stock Total Equity	157K	161K	193K	204K	183.6K	167.9K
Common Stock	161K	193K	204K	206K	254K	169.3K
Other Liab	797K	2.2M	4.3M	2.4M	2.2M	1.5M
Other Assets	3.2M	331.5M	4.1M	5.5M	1.0	0.95
Property Plant Equipment	7.9M	8.3M	14.7M	18.5M	21.3M	22.3M
Long Term Debt	24.1M	12.2M	33.1M	30.8M	4.3M	4.1M
Good Will	111.4M	68.7M	74.0M	86.0M	98.9M	55.3M
Net Tangible Assets	5.0M	7.1M	(6.3M)	(7.5M)	(8.7M)	(9.1M)
Retained Earnings Total Equity	(283.6M)	(253.6M)	(270.0M)	(266.8M)	(240.1M)	(252.1M)
Long Term Debt Total	107.2M	24.1M	12.2M	33.1M	38.1M	34.8M
Capital Surpluse	391.9M	396.1M	419.8M	429.9M	494.4M	372.1M

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Asure Software in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Asure Software's short interest history, or implied volatility extrapolated from Asure Software options trading.

Pair Trading with Asure Software

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Asure Software position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Asure Software will appreciate offsetting losses from the drop in the long position's value.

Moving together with Asure Stock

0.84	U	Unity Software Financial Report 8th of May 2024	Pair Corr
0.64	AI	C3 Ai Inc Financial Report 29th of May 2024	Pair Corr

Moving against Asure Stock

0.78	ML	MoneyLion Financial Report 14th of May 2024	Pair Corr
0.62	DOCU	DocuSign Financial Report 13th of June 2024	Pair Corr
0.62	VERX	Vertex Financial Report 8th of May 2024	Pair Corr
0.61	DSGX	Descartes Systems Financial Report 29th of May 2024	Pair Corr
0.55	DTRK	DATATRAK International	Pair Corr

The ability to find closely correlated positions to Asure Software could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asure Software when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Asure Software - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Asure Software to buy it.

The correlation of Asure Software is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Asure Software moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asure Software moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Asure Software can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Asure Software is a strong investment it is important to analyze Asure Software'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 Asure Software's future performance. For an informed investment choice regarding Asure Stock, refer to the following important reports:

How To Invest In Asure

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Is Asure Stock a good investment?

Details

What is Asure Software's Net Worth?

Details

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

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

You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

Complementary Tools for Asure Stock analysis

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

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

Earnings Share

(0.42)

Revenue Per Share

5.379

Quarterly Revenue Growth

(0.10)

Return On Assets

(0)

Return On Equity

(0.05)

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

Operating Income vs Non Operating Income Net Other

Operating Income vs Non Operating Income Net Other Correlation Analysis

Correlation Coefficient

Operating Income

Non Operating Income Net Other

Asure Software fundamental ratios Correlations

Asure Software Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Asure Software fundamental ratios Accounts

Pair Trading with Asure Software

Moving together with Asure Stock

Moving against Asure Stock

Complementary Tools for Asure Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Liabilities	+ 1.0	Other Current Liab
Total Current Assets	+ 1.0	Other Current Liab
Total Current Assets	+ 1.0	Total Current Liabilities
Total Liab	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total

Other Stockholder Equity	- 0.76	Retained Earnings
Current Deferred Revenue	- 0.58	Other Current Liab
Current Deferred Revenue	- 0.56	Total Current Liabilities
Current Deferred Revenue	- 0.55	Total Current Assets
Common Stock Total Equity	- 0.53	Current Deferred Revenue
Current Deferred Revenue	- 0.53	Property Plant And Equipment Net