AeroVironment Property Plant And Equipment Net vs Other Current Assets Analysis

AVAV Stock

USD 202.29 1.57 0.77%

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

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

Property Plant And Equipment Net vs Other Current Assets

Property Plant And Equipment Net vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AeroVironment Property Plant And Equipment Net account and Other Current Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between AeroVironment's Property Plant And Equipment Net and Other Current Assets is 0.73. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of AeroVironment, assuming nothing else is changed. The correlation between historical values of AeroVironment's Property Plant And Equipment Net and Other Current 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 Property Plant And Equipment Net of AeroVironment are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Property Plant And Equipment Net i.e., AeroVironment's Property Plant And Equipment Net and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.73

Relationship Direction	Positive
Relationship Strength	Significant

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Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

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

For more information on how to buy AeroVironment Stock please use our How to Invest in AeroVironment guide.At this time, AeroVironment's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 126.4 M in 2024, whereas Discontinued Operations is likely to drop (320 K) in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	141.2M	173.5M	199.5M	112.6M
Total Revenue	445.7M	540.5M	621.6M	652.7M

Gross Profit Total Revenue

AeroVironment fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Assets	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.82	0.58	0.7	0.92	0.94	0.85	0.92	0.92	0.64	0.94	0.63	0.57	0.58	0.73	0.37	0.91	0.66	0.77	0.07	0.92	0.9	0.84	0.68	0.94	0.67
Total Stockholder Equity	0.82		0.22	0.89	0.66	0.67	0.72	0.65	0.62	0.57	0.7	0.24	0.27	0.78	0.74	0.6	0.67	0.62	0.7	0.34	0.67	0.63	0.53	0.66	0.7	0.89
Other Assets	0.58	0.22		0.25	0.82	0.66	0.48	0.72	0.79	0.03	0.58	0.84	0.5	-0.26	0.65	-0.04	0.51	0.26	0.27	-0.26	0.74	0.59	0.86	0.3	0.58	0.27
Common Stock Shares Outstanding	0.7	0.89	0.25		0.65	0.49	0.45	0.48	0.54	0.37	0.51	0.17	0.05	0.65	0.75	0.61	0.45	0.4	0.44	0.49	0.58	0.41	0.54	0.5	0.51	0.91
Other Stockholder Equity	0.92	0.66	0.82	0.65		0.88	0.72	0.91	0.96	0.38	0.85	0.8	0.52	0.26	0.79	0.3	0.77	0.54	0.62	0.01	0.95	0.81	0.97	0.56	0.85	0.63
Total Liab	0.94	0.67	0.66	0.49	0.88		0.94	0.96	0.94	0.7	0.99	0.76	0.79	0.35	0.7	0.11	0.97	0.56	0.7	-0.26	0.88	0.99	0.85	0.74	0.99	0.44
Short Long Term Debt Total	0.85	0.72	0.48	0.45	0.72	0.94		0.86	0.8	0.8	0.94	0.6	0.82	0.41	0.66	0.07	0.96	0.52	0.69	-0.32	0.74	0.96	0.68	0.79	0.94	0.42
Other Current Liab	0.92	0.65	0.72	0.48	0.91	0.96	0.86		0.97	0.53	0.94	0.84	0.66	0.32	0.72	0.24	0.89	0.63	0.73	-0.18	0.96	0.92	0.87	0.64	0.94	0.51
Total Current Liabilities	0.92	0.62	0.79	0.54	0.96	0.94	0.8	0.97		0.48	0.91	0.85	0.64	0.24	0.79	0.2	0.85	0.55	0.64	-0.15	0.96	0.88	0.93	0.68	0.91	0.53
Other Liab	0.64	0.57	0.03	0.37	0.38	0.7	0.8	0.53	0.48		0.77	0.21	0.75	0.52	0.32	-0.12	0.83	0.25	0.43	-0.32	0.39	0.77	0.36	0.71	0.77	0.16
Property Plant And Equipment Net	0.94	0.7	0.58	0.51	0.85	0.99	0.94	0.94	0.91	0.77		0.71	0.79	0.44	0.65	0.12	0.99	0.56	0.72	-0.24	0.87	0.98	0.82	0.73	1.0	0.45
Current Deferred Revenue	0.63	0.24	0.84	0.17	0.8	0.76	0.6	0.84	0.85	0.21	0.71		0.6	-0.19	0.59	-0.02	0.63	0.41	0.48	-0.42	0.81	0.7	0.87	0.43	0.71	0.21
Net Debt	0.57	0.27	0.5	0.05	0.52	0.79	0.82	0.66	0.64	0.75	0.79	0.6		-0.01	0.37	-0.49	0.84	0.08	0.32	-0.73	0.51	0.85	0.58	0.62	0.79	-0.1
Retained Earnings	0.58	0.78	-0.26	0.65	0.26	0.35	0.41	0.32	0.24	0.52	0.44	-0.19	-0.01		0.23	0.62	0.44	0.57	0.64	0.57	0.34	0.36	0.1	0.36	0.44	0.65
Accounts Payable	0.73	0.74	0.65	0.75	0.79	0.7	0.66	0.72	0.79	0.32	0.65	0.59	0.37	0.23		0.36	0.6	0.47	0.42	0.03	0.76	0.62	0.74	0.71	0.65	0.74
Cash	0.37	0.6	-0.04	0.61	0.3	0.11	0.07	0.24	0.2	-0.12	0.12	-0.02	-0.49	0.62	0.36		0.04	0.71	0.53	0.81	0.34	0.04	0.13	0.09	0.12	0.81
Non Current Assets Total	0.91	0.67	0.51	0.45	0.77	0.97	0.96	0.89	0.85	0.83	0.99	0.63	0.84	0.44	0.6	0.04		0.5	0.67	-0.3	0.78	0.99	0.74	0.73	0.99	0.36
Non Currrent Assets Other	0.66	0.62	0.26	0.4	0.54	0.56	0.52	0.63	0.55	0.25	0.56	0.41	0.08	0.57	0.47	0.71	0.5		0.86	0.35	0.65	0.53	0.42	0.48	0.56	0.64
Long Term Debt	0.77	0.7	0.27	0.44	0.62	0.7	0.69	0.73	0.64	0.43	0.72	0.48	0.32	0.64	0.42	0.53	0.67	0.86		0.2	0.74	0.69	0.54	0.57	0.72	0.62
Cash And Short Term Investments	0.07	0.34	-0.26	0.49	0.01	-0.26	-0.32	-0.18	-0.15	-0.32	-0.24	-0.42	-0.73	0.57	0.03	0.81	-0.3	0.35	0.2		-0.01	-0.33	-0.15	-0.21	-0.24	0.61
Net Receivables	0.92	0.67	0.74	0.58	0.95	0.88	0.74	0.96	0.96	0.39	0.87	0.81	0.51	0.34	0.76	0.34	0.78	0.65	0.74	-0.01		0.81	0.9	0.62	0.87	0.63
Non Current Liabilities Total	0.9	0.63	0.59	0.41	0.81	0.99	0.96	0.92	0.88	0.77	0.98	0.7	0.85	0.36	0.62	0.04	0.99	0.53	0.69	-0.33	0.81		0.78	0.73	0.98	0.35
Inventory	0.84	0.53	0.86	0.54	0.97	0.85	0.68	0.87	0.93	0.36	0.82	0.87	0.58	0.1	0.74	0.13	0.74	0.42	0.54	-0.15	0.9	0.78		0.52	0.82	0.49
Other Current Assets	0.68	0.66	0.3	0.5	0.56	0.74	0.79	0.64	0.68	0.71	0.73	0.43	0.62	0.36	0.71	0.09	0.73	0.48	0.57	-0.21	0.62	0.73	0.52		0.73	0.46
Property Plant And Equipment Gross	0.94	0.7	0.58	0.51	0.85	0.99	0.94	0.94	0.91	0.77	1.0	0.71	0.79	0.44	0.65	0.12	0.99	0.56	0.72	-0.24	0.87	0.98	0.82	0.73		0.45
Total Current Assets	0.67	0.89	0.27	0.91	0.63	0.44	0.42	0.51	0.53	0.16	0.45	0.21	-0.1	0.65	0.74	0.81	0.36	0.64	0.62	0.61	0.63	0.35	0.49	0.46	0.45

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AeroVironment Account Relationship Matchups

AeroVironment fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	585.0M	928.6M	914.2M	824.6M	948.3M	995.7M
Total Stockholder Equity	509.9M	612.1M	608.0M	551.0M	633.6M	345.1M
Other Assets	5.1M	12.5M	9.1M	32.4M	37.3M	39.2M
Common Stock Shares Outstanding	24.1M	24.4M	24.7M	25.0M	28.8M	22.5M
Liabilities And Stockholders Equity	585.0M	928.6M	914.2M	824.6M	948.3M	995.7M
Other Stockholder Equity	181.5M	260.3M	267.2M	384.4M	442.1M	464.2M
Total Liab	75.1M	316.5M	306.0M	273.6M	314.6M	330.4M
Other Current Liab	35.8M	48.0M	56.4M	57.6M	66.2M	69.6M
Total Current Liabilities	67.0M	96.2M	101.4M	121.3M	139.5M	146.5M
Other Liab	1.3M	13.7M	14.0M	5.2M	6.0M	4.8M
Property Plant And Equipment Net	30.5M	81.8M	89.1M	67.2M	77.2M	81.1M
Current Deferred Revenue	7.9M	7.2M	9.0M	16.6M	19.1M	20.1M
Net Debt	(244.9M)	74.0M	139.3M	30.0M	34.5M	36.2M
Retained Earnings	328.1M	351.4M	347.2M	171.0M	196.7M	199.9M
Accounts Payable	19.9M	24.8M	19.2M	31.4M	36.1M	21.0M
Cash	255.1M	148.7M	77.2M	132.9M	152.8M	110.2M
Non Current Assets Total	81.0M	526.9M	545.3M	347.6M	399.7M	419.7M
Non Currrent Assets Other	10.6M	10.4M	1.9M	5.2M	6.0M	6.3M
Cash And Short Term Investments	302.6M	180.7M	101.9M	132.9M	152.8M	177.5M
Net Receivables	149.5M	134.3M	164.8M	193.3M	222.3M	233.4M
Non Current Liabilities Total	8.1M	220.3M	204.6M	152.3M	175.1M	183.9M
Inventory	45.5M	71.6M	90.6M	138.8M	159.6M	167.6M
Other Current Assets	6.2M	15.0M	11.5M	12.0M	13.8M	7.1M
Property Plant And Equipment Gross	30.5M	81.8M	89.1M	67.2M	77.2M	81.1M
Total Current Assets	503.9M	401.6M	368.9M	477.0M	548.6M	331.5M
Accumulated Other Comprehensive Income	328K	343K	(6.5M)	(4.5M)	(5.1M)	(5.4M)
Short Term Debt	3.4M	16.2M	16.8M	15.7M	18.1M	14.9M
Property Plant Equipment	21.7M	81.8M	90.2M	67.2M	77.2M	81.1M
Short Term Investments	113.6M	150.5M	47.5M	32.0M	24.7M	0.0
Net Tangible Assets	496.8M	191.6M	163.4M	347.8M	313.0M	274.8M
Noncontrolling Interest In Consolidated Entity	23K	4K	14K	241K	277.2K	291.0K
Good Will	6.3M	314.2M	334.3M	180.8M	207.9M	218.3M
Retained Earnings Total Equity	328.1M	351.4M	347.2M	171.0M	196.7M	248.5M
Capital Surpluse	181.5M	260.3M	267.2M	384.4M	442.1M	464.2M
Deferred Long Term Liab	1.6M	1.2M	2.6M	1.7M	2.0M	1.5M
Long Term Investments	15.0M	12.2M	15.4M	23.6M	21.3M	27.8M
Non Current Liabilities Other	1.3M	13.7M	2.2M	3.5M	4.0M	3.5M

Pair Trading with AeroVironment

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 AeroVironment 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 AeroVironment will appreciate offsetting losses from the drop in the long position's value.

Moving together with AeroVironment Stock

0.84	CW	Curtiss Wright	Pair Corr
0.65	GD	General Dynamics Financial Report 24th of July 2024	Pair Corr

Moving against AeroVironment Stock

0.55	EVTL	Vertical Aerospace	Pair Corr
0.52	ESLT	Elbit Systems	Pair Corr

The ability to find closely correlated positions to AeroVironment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AeroVironment 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 AeroVironment - 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 AeroVironment to buy it.

The correlation of AeroVironment 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 AeroVironment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AeroVironment 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 AeroVironment 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

Additional Tools for AeroVironment Stock Analysis

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

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