AptarGroup Accounts Payable vs Non Currrent Assets Other Analysis
ATR Stock | USD 147.87 0.62 0.42% |
AptarGroup financial indicator trend analysis is way more than just evaluating AptarGroup prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AptarGroup is a good investment. Please check the relationship between AptarGroup Accounts Payable and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AptarGroup. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in AptarGroup Stock, please use our How to Invest in AptarGroup guide.
Accounts Payable vs Non Currrent Assets Other
Accounts Payable vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AptarGroup Accounts Payable account and Non Currrent Assets Other. At this time, the significance of the direction appears to have very week relationship.
The correlation between AptarGroup's Accounts Payable and Non Currrent Assets Other is 0.26. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of AptarGroup, assuming nothing else is changed. The correlation between historical values of AptarGroup's Accounts Payable and Non Currrent Assets 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 Accounts Payable of AptarGroup are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Accounts Payable i.e., AptarGroup's Accounts Payable and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.26 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Accounts Payable
An accounting item on the balance sheet that represents AptarGroup obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of AptarGroup are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Most indicators from AptarGroup's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AptarGroup 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 AptarGroup. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in AptarGroup Stock, please use our How to Invest in AptarGroup guide.At this time, AptarGroup's Tax Provision is relatively stable compared to the past year. As of 05/14/2024, Sales General And Administrative To Revenue is likely to grow to 0.18, while Enterprise Value Over EBITDA is likely to drop 7.37.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.2B | 1.2B | 1.3B | 666.1M | Total Revenue | 3.2B | 3.3B | 3.5B | 1.9B |
AptarGroup fundamental ratios Correlations
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AptarGroup Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AptarGroup fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.6B | 4.0B | 4.1B | 4.2B | 4.5B | 4.7B | |
Short Long Term Debt Total | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | |
Other Current Liab | 293.5M | 331.7M | 320.7M | 394.0M | 404.0M | 223.0M | |
Total Current Liabilities | 683.3M | 780.3M | 982.5M | 917.2M | 1.3B | 1.3B | |
Total Stockholder Equity | 1.6B | 1.9B | 2.0B | 2.1B | 2.3B | 2.4B | |
Property Plant And Equipment Net | 1.1B | 1.2B | 1.3B | 1.3B | 1.5B | 1.6B | |
Net Debt | 953.7M | 872.7M | 1.1B | 1.0B | 961.0M | 1.0B | |
Accounts Payable | 192.7M | 243.7M | 285.3M | 320.3M | 328.6M | 184.9M | |
Cash | 242.0M | 300.1M | 122.9M | 141.7M | 223.6M | 222.4M | |
Non Current Assets Total | 2.3B | 2.6B | 2.8B | 2.8B | 2.9B | 3.0B | |
Non Currrent Assets Other | 419.7M | 523.8M | 533.1M | 411M | 69.6M | 73.1M | |
Cash And Short Term Investments | 242.0M | 300.4M | 123.7M | 141.7M | 223.6M | 223.4M | |
Net Receivables | 558.4M | 566.6M | 671.4M | 677.0M | 677.8M | 368.7M | |
Common Stock Shares Outstanding | 66.2M | 66.7M | 67.7M | 66.7M | 66.9M | 55.5M | |
Liabilities And Stockholders Equity | 3.6B | 4.0B | 4.1B | 4.2B | 4.5B | 4.7B | |
Non Current Liabilities Total | 1.3B | 1.4B | 1.2B | 1.2B | 879.3M | 556.5M | |
Inventory | 375.8M | 379.4M | 441.5M | 486.8M | 513.1M | 258.4M | |
Other Current Assets | 115.0M | 122.6M | 121.7M | 124.8M | 134.8M | 68.6M | |
Other Stockholder Equity | 389.4M | 487.6M | 495.3M | 465.4M | 36.2M | 34.4M | |
Total Liab | 2.0B | 2.1B | 2.2B | 2.1B | 2.1B | 2.2B | |
Property Plant And Equipment Gross | 1.2B | 1.3B | 3.6B | 3.7B | 4.0B | 4.2B | |
Total Current Assets | 1.3B | 1.4B | 1.4B | 1.4B | 1.5B | 919.2M | |
Accumulated Other Comprehensive Income | (341.9M) | (281.7M) | (316.0M) | (341.4M) | (308.7M) | (293.3M) | |
Short Term Debt | 110.2M | 117.9M | 289.6M | 122.8M | 458.2M | 481.1M | |
Intangible Assets | 291.1M | 344.3M | 362.3M | 315.7M | 283.2M | 297.4M | |
Retained Earnings | 1.5B | 1.6B | 1.8B | 1.9B | 2.1B | 1.1B | |
Common Stock | 686K | 695K | 704K | 709K | 717K | 696.2K | |
Other Liab | 165.9M | 251.7M | 267.2M | 122.5M | 140.9M | 99.0M | |
Other Assets | 47.9M | 59.5M | 533.1M | 57.1M | 65.7M | 58.8M | |
Long Term Debt | 1.1B | 1.1B | 907.0M | 1.1B | 681.2M | 564.5M | |
Good Will | 763.5M | 898.5M | 974.2M | 945.6M | 963.4M | 1.0B | |
Treasury Stock | (318.2M) | (381.2M) | (361.6M) | (421.2M) | (379.1M) | (398.0M) | |
Property Plant Equipment | 1.1B | 1.3B | 1.3B | 1.4B | 1.6B | 857.5M | |
Net Tangible Assets | 1.6B | 607.6M | 995.3M | 792.6M | 713.3M | 702.6M | |
Long Term Debt Total | 1.1B | 1.1B | 907.0M | 1.1B | 1.2B | 862.2M | |
Capital Surpluse | 770.6M | 849.2M | 916.5M | 968.6M | 1.1B | 683.5M |
Pair Trading with AptarGroup
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 AptarGroup 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 AptarGroup will appreciate offsetting losses from the drop in the long position's value.Moving against AptarGroup Stock
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The ability to find closely correlated positions to AptarGroup could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AptarGroup 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 AptarGroup - 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 AptarGroup to buy it.
The correlation of AptarGroup 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 AptarGroup moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AptarGroup 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 AptarGroup 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AptarGroup. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in AptarGroup Stock, please use our How to Invest in AptarGroup guide.You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
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Is AptarGroup'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 AptarGroup. If investors know AptarGroup 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 AptarGroup 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 0.5 | Dividend Share 1.61 | Earnings Share 4.66 | Revenue Per Share 53.851 | Quarterly Revenue Growth 0.064 |
The market value of AptarGroup is measured differently than its book value, which is the value of AptarGroup that is recorded on the company's balance sheet. Investors also form their own opinion of AptarGroup's value that differs from its market value or its book value, called intrinsic value, which is AptarGroup'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 AptarGroup's market value can be influenced by many factors that don't directly affect AptarGroup'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 AptarGroup's value and its price as these two are different measures arrived at by different means. Investors typically determine if AptarGroup is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AptarGroup'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.