Axalta Long Term Investments vs Net Tangible Assets Analysis
AXTA Stock | USD 35.59 0.94 2.71% |
Axalta Coating financial indicator trend analysis is way more than just evaluating Axalta Coating Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Axalta Coating Systems is a good investment. Please check the relationship between Axalta Coating Long Term Investments and its Net Tangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Axalta Coating Systems. 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.
Long Term Investments vs Net Tangible Assets
Long Term Investments vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Axalta Coating Systems Long Term Investments account and Net Tangible Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Axalta Coating's Long Term Investments and Net Tangible Assets is -0.34. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Axalta Coating Systems, assuming nothing else is changed. The correlation between historical values of Axalta Coating's Long Term Investments and Net Tangible 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 Long Term Investments of Axalta Coating Systems are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Long Term Investments i.e., Axalta Coating's Long Term Investments and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | -0.34 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Long Term Investments
Long Term Investments is an item on the asset side of Axalta Coating balance sheet that represents investments Axalta Coating Systems intends to hold for over a year. Axalta Coating Systems long term investments may include different instruments such as stocks, bonds, real estate and cash.Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Most indicators from Axalta Coating's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Axalta Coating Systems 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 Axalta Coating Systems. 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. At present, Axalta Coating's Enterprise Value Over EBITDA is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 15.47, whereas Selling General Administrative is forecasted to decline to about 705.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.4B | 1.4B | 5.2B | 5.4B | Total Revenue | 4.4B | 4.9B | 5.2B | 4.8B |
Axalta Coating fundamental ratios Correlations
Click cells to compare fundamentals
Axalta Coating Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Axalta Coating fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 235.8M | 236M | 231.9M | 222.3M | 221.9M | 187.0M | |
Total Assets | 6.8B | 7.2B | 7.2B | 7.1B | 7.3B | 7.0B | |
Short Long Term Debt Total | 3.8B | 3.9B | 3.8B | 3.7B | 3.5B | 3.7B | |
Other Current Liab | 545.3M | 562.3M | 597.8M | 458.1M | 676.9M | 710.7M | |
Total Current Liabilities | 1.1B | 1.2B | 1.3B | 1.4B | 1.4B | 1.2B | |
Total Stockholder Equity | 1.4B | 1.4B | 1.5B | 1.5B | 1.7B | 1.5B | |
Other Liab | 454.1M | 658M | 593.7M | 425.8M | 489.7M | 497.1M | |
Property Plant And Equipment Net | 1.2B | 1.2B | 1.2B | 1.2B | 1.3B | 1.0B | |
Net Debt | 2.8B | 2.5B | 3.0B | 3.1B | 2.8B | 3.0B | |
Accounts Payable | 483.7M | 564.4M | 657.4M | 733.5M | 665.3M | 588.9M | |
Cash | 1.0B | 1.4B | 840.6M | 645.2M | 699.8M | 725.8M | |
Non Current Assets Total | 4.2B | 4.2B | 4.6B | 4.4B | 4.5B | 4.5B | |
Non Currrent Assets Other | 424.9M | 367.8M | 584.5M | 399.8M | 249.5M | 333.3M | |
Other Assets | 491M | 596M | 584.5M | 462.4M | 531.8M | 531.5M | |
Cash And Short Term Investments | 1.0B | 1.4B | 840.6M | 645.2M | 699.8M | 725.8M | |
Net Receivables | 830.1M | 869.8M | 937.5M | 1.1B | 1.3B | 986.1M | |
Good Will | 1.2B | 1.3B | 1.6B | 1.5B | 1.6B | 1.3B | |
Liabilities And Stockholders Equity | 6.8B | 7.2B | 7.2B | 7.1B | 7.3B | 7.0B | |
Non Current Liabilities Total | 4.3B | 4.5B | 4.3B | 4.2B | 4.1B | 4.3B | |
Inventory | 591.6M | 559.9M | 669.7M | 829.6M | 741.1M | 663.1M | |
Other Current Assets | 134.2M | 135.3M | 127.8M | 140.8M | 117.2M | 120.4M | |
Other Stockholder Equity | 1.1B | 1.0B | 828.3M | 649.2M | 631.6M | 881.2M | |
Total Liab | 5.4B | 5.7B | 5.7B | 5.6B | 5.5B | 5.5B | |
Property Plant And Equipment Gross | 1.3B | 1.3B | 2.4B | 2.5B | 2.6B | 1.8B | |
Total Current Assets | 2.6B | 2.9B | 2.6B | 2.7B | 2.8B | 2.5B | |
Accumulated Other Comprehensive Income | (395.5M) | (424.8M) | (414.4M) | (466.9M) | (444.2M) | (466.4M) | |
Short Term Debt | 42.2M | 43.9M | 54.2M | 79.7M | 56.9M | 47.6M | |
Intangible Assets | 1.2B | 1.1B | 1.3B | 1.1B | 1.1B | 1.3B | |
Property Plant Equipment | 1.2B | 1.2B | 1.2B | 1.2B | 1.1B | 1.0B | |
Retained Earnings | 443.2M | 563.3M | 827.2M | 1.0B | 1.3B | 1.4B | |
Long Term Debt | 3.8B | 3.8B | 3.7B | 3.7B | 3.5B | 4.0B | |
Common Stock Total Equity | 249.9M | 250.9M | 251.8M | 252.4M | 290.3M | 267.1M | |
Common Stock | 249.9M | 250.9M | 251.8M | 252.4M | 253.7M | 268.2M | |
Net Tangible Assets | (1.1B) | (1.0B) | (1.4B) | (1.2B) | (1.0B) | (1.1B) | |
Noncontrolling Interest In Consolidated Entity | 55.4M | 46.8M | 45.8M | 46M | 41.4M | 61.1M | |
Retained Earnings Total Equity | 443.2M | 563.3M | 827.2M | 1.0B | 1.2B | 1.2B | |
Long Term Debt Total | 3.8B | 3.8B | 3.7B | 3.7B | 4.2B | 4.0B |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Axalta Coating Systems offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Axalta Coating'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 Axalta Coating Systems Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Axalta Coating Systems Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Axalta Coating Systems. 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. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Axalta Stock analysis
When running Axalta Coating's price analysis, check to measure Axalta Coating'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 Axalta Coating is operating at the current time. Most of Axalta Coating's value examination focuses on studying past and present price action to predict the probability of Axalta Coating's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Axalta Coating's price. Additionally, you may evaluate how the addition of Axalta Coating to your portfolios can decrease your overall portfolio volatility.
ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities |
Is Axalta Coating'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 Axalta Coating. If investors know Axalta 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 Axalta Coating 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 (0.33) | Earnings Share 1.12 | Revenue Per Share 23.527 | Quarterly Revenue Growth 0.008 | Return On Assets 0.0591 |
The market value of Axalta Coating Systems is measured differently than its book value, which is the value of Axalta that is recorded on the company's balance sheet. Investors also form their own opinion of Axalta Coating's value that differs from its market value or its book value, called intrinsic value, which is Axalta Coating'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 Axalta Coating's market value can be influenced by many factors that don't directly affect Axalta Coating'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 Axalta Coating's value and its price as these two are different measures arrived at by different means. Investors typically determine if Axalta Coating is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axalta Coating'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.