Crown Property Plant And Equipment Gross vs Good Will Analysis

CRWS Stock

USD 5.09 0.00 0.00%

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

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

Property Plant And Equipment Gross vs Good Will

Property Plant And Equipment Gross vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Crown Crafts Property Plant And Equipment Gross account and Good Will. At this time, the significance of the direction appears to have strong relationship.

The correlation between Crown Crafts' Property Plant And Equipment Gross and Good Will is 0.67. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Good Will in the same time period over historical financial statements of Crown Crafts, assuming nothing else is changed. The correlation between historical values of Crown Crafts' Property Plant And Equipment Gross and Good Will 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 Gross of Crown Crafts are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Property Plant And Equipment Gross i.e., Crown Crafts' Property Plant And Equipment Gross and Good Will go up and down completely randomly.

Correlation Coefficient

0.67

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Property Plant And Equipment Gross

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.

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

For more information on how to buy Crown Stock please use our How to Invest in Crown Crafts guide.Tax Provision is likely to gain to about 1.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 10.8 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	23.3M	19.8M	17.8M	21.0M
Total Revenue	87.4M	75.1M	67.5M	98.7M

Gross Profit Total Revenue

Crown Crafts 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	Cash	Non Current Assets Total	Non Currrent Assets Other	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	Accounts Payable	Current Deferred Revenue	Other Assets	Good Will
Total Assets		0.16	-0.15	0.58	0.79	0.76	0.39	0.46	0.06	0.88	-0.29	0.06	0.73	0.75	0.77	0.95	0.11	0.67	0.84	0.38	0.92	-0.41	0.53	-0.15	-0.34	0.73
Short Long Term Debt Total	0.16		-0.09	0.14	-0.2	0.35	0.24	0.07	0.23	0.13	0.4	0.23	0.1	0.03	0.45	0.15	-0.82	-0.1	0.43	-0.37	0.16	0.38	0.48	-0.32	0.09	-0.25
Other Current Liab	-0.15	-0.09		0.21	0.25	-0.55	-0.67	-0.52	0.3	-0.48	-0.33	0.3	0.33	0.14	-0.57	-0.33	0.01	0.33	-0.45	-0.55	0.14	0.54	-0.38	0.65	0.59	-0.44
Total Current Liabilities	0.58	0.14	0.21		0.42	0.44	0.17	0.24	0.16	0.4	-0.28	0.16	0.74	0.62	0.31	0.43	0.12	0.41	0.52	0.11	0.63	-0.06	0.48	-0.02	-0.04	0.35
Total Stockholder Equity	0.79	-0.2	0.25	0.42		0.22	-0.16	-0.01	0.17	0.5	-0.7	0.17	0.77	0.78	0.24	0.66	0.35	0.93	0.32	0.1	0.89	-0.14	0.1	0.45	0.08	0.5
Property Plant And Equipment Net	0.76	0.35	-0.55	0.44	0.22		0.75	0.8	-0.1	0.9	0.26	-0.1	0.3	0.34	0.96	0.82	-0.02	0.07	0.97	0.64	0.52	-0.63	0.71	-0.71	-0.67	0.66
Net Debt	0.39	0.24	-0.67	0.17	-0.16	0.75		0.64	-0.5	0.73	0.3	-0.49	0.01	0.11	0.79	0.48	-0.12	-0.24	0.73	0.57	0.04	-0.6	0.35	-0.77	-0.73	0.69
Retained Earnings	0.46	0.07	-0.52	0.24	-0.01	0.8	0.64		0.01	0.61	0.56	0.01	-0.05	-0.02	0.73	0.63	0.16	-0.28	0.72	0.77	0.26	-0.73	0.5	-0.83	-0.84	0.55
Cash	0.06	0.23	0.3	0.16	0.17	-0.1	-0.5	0.01		-0.24	0.13	1.0	0.05	0.19	-0.12	0.01	-0.17	0.17	-0.06	-0.32	0.29	0.32	-0.04	0.19	0.26	-0.26
Non Current Assets Total	0.88	0.13	-0.48	0.4	0.5	0.9	0.73	0.61	-0.24		-0.09	-0.24	0.46	0.55	0.91	0.9	0.11	0.37	0.91	0.61	0.64	-0.66	0.5	-0.45	-0.59	0.87
Non Currrent Assets Other	-0.29	0.4	-0.33	-0.28	-0.7	0.26	0.3	0.56	0.13	-0.09		0.13	-0.66	-0.67	0.26	-0.09	-0.36	-0.83	0.17	0.2	-0.4	-0.14	0.26	-0.76	-0.42	-0.24
Cash And Short Term Investments	0.06	0.23	0.3	0.16	0.17	-0.1	-0.49	0.01	1.0	-0.24	0.13		0.05	0.19	-0.12	0.01	-0.17	0.17	-0.06	-0.32	0.29	0.32	-0.04	0.19	0.26	-0.26
Net Receivables	0.73	0.1	0.33	0.74	0.77	0.3	0.01	-0.05	0.05	0.46	-0.66	0.05		0.87	0.28	0.53	0.13	0.84	0.43	-0.04	0.82	0.03	0.31	0.32	0.12	0.37
Common Stock Shares Outstanding	0.75	0.03	0.14	0.62	0.78	0.34	0.11	-0.02	0.19	0.55	-0.67	0.19	0.87		0.34	0.57	0.11	0.87	0.45	-0.01	0.77	-0.09	0.1	0.29	0.09	0.56
Non Current Liabilities Total	0.77	0.45	-0.57	0.31	0.24	0.96	0.79	0.73	-0.12	0.91	0.26	-0.12	0.28	0.34		0.85	-0.19	0.11	0.97	0.52	0.52	-0.55	0.65	-0.69	-0.65	0.67
Inventory	0.95	0.15	-0.33	0.43	0.66	0.82	0.48	0.63	0.01	0.9	-0.09	0.01	0.53	0.57	0.85		0.09	0.49	0.87	0.49	0.83	-0.52	0.58	-0.35	-0.51	0.75
Other Current Assets	0.11	-0.82	0.01	0.12	0.35	-0.02	-0.12	0.16	-0.17	0.11	-0.36	-0.17	0.13	0.11	-0.19	0.09		0.19	-0.13	0.64	0.1	-0.42	-0.19	0.18	-0.23	0.36
Other Stockholder Equity	0.67	-0.1	0.33	0.41	0.93	0.07	-0.24	-0.28	0.17	0.37	-0.83	0.17	0.84	0.87	0.11	0.49	0.19		0.2	-0.16	0.79	0.08	0.02	0.59	0.3	0.35
Total Liab	0.84	0.43	-0.45	0.52	0.32	0.97	0.73	0.72	-0.06	0.91	0.17	-0.06	0.43	0.45	0.97	0.87	-0.13	0.2		0.5	0.63	-0.51	0.72	-0.63	-0.6	0.68
Property Plant And Equipment Gross	0.38	-0.37	-0.55	0.11	0.1	0.64	0.57	0.77	-0.32	0.61	0.2	-0.32	-0.04	-0.01	0.52	0.49	0.64	-0.16	0.5		0.13	-0.85	0.27	-0.59	-0.81	0.67
Total Current Assets	0.92	0.16	0.14	0.63	0.89	0.52	0.04	0.26	0.29	0.64	-0.4	0.29	0.82	0.77	0.52	0.83	0.1	0.79	0.63	0.13		-0.14	0.46	0.12	-0.09	0.5
Short Term Debt	-0.41	0.38	0.54	-0.06	-0.14	-0.63	-0.6	-0.73	0.32	-0.66	-0.14	0.32	0.03	-0.09	-0.55	-0.52	-0.42	0.08	-0.51	-0.85	-0.14		-0.21	0.56	0.78	-0.73
Accounts Payable	0.53	0.48	-0.38	0.48	0.1	0.71	0.35	0.5	-0.04	0.5	0.26	-0.04	0.31	0.1	0.65	0.58	-0.19	0.02	0.72	0.27	0.46	-0.21		-0.5	-0.35	0.16
Current Deferred Revenue	-0.15	-0.32	0.65	-0.02	0.45	-0.71	-0.77	-0.83	0.19	-0.45	-0.76	0.19	0.32	0.29	-0.69	-0.35	0.18	0.59	-0.63	-0.59	0.12	0.56	-0.5		0.82	-0.32
Other Assets	-0.34	0.09	0.59	-0.04	0.08	-0.67	-0.73	-0.84	0.26	-0.59	-0.42	0.26	0.12	0.09	-0.65	-0.51	-0.23	0.3	-0.6	-0.81	-0.09	0.78	-0.35	0.82		-0.63
Good Will	0.73	-0.25	-0.44	0.35	0.5	0.66	0.69	0.55	-0.26	0.87	-0.24	-0.26	0.37	0.56	0.67	0.75	0.36	0.35	0.68	0.67	0.5	-0.73	0.16	-0.32	-0.63

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Crown Crafts Account Relationship Matchups

Crown Crafts fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	57.2M	58.1M	60.2M	91.0M	81.9M	65.4M
Short Long Term Debt Total	4.5M	5.0M	2.6M	12.7M	11.4M	10.8M
Other Current Liab	3.2M	3.6M	3.5M	2.4M	2.2M	2.1M
Total Current Liabilities	6.5M	12.9M	11.8M	13.1M	11.8M	15.3M
Total Stockholder Equity	42.4M	41.9M	45.8M	49.2M	44.3M	32.4M
Property Plant And Equipment Net	6.9M	5.5M	3.8M	19.0M	17.1M	14.2M
Net Debt	4.7M	2.0M	1.0M	10.9M	9.8M	19.3M
Retained Earnings	1.1M	2.2M	5.4M	7.8M	7.0M	6.4M
Cash	282K	613K	1.6M	1.7M	2.0M	2.3M
Non Current Assets Total	20.1M	16.6M	13.6M	30.6M	27.5M	24.1M
Non Currrent Assets Other	95K	92K	88K	188K	169.2K	160.7K
Cash And Short Term Investments	282K	613K	1.6M	1.7M	2.0M	2.3M
Net Receivables	17.8M	19.3M	23.2M	22.8M	26.2M	22.5M
Liabilities And Stockholders Equity	57.2M	58.1M	60.2M	91.0M	81.9M	65.4M
Non Current Liabilities Total	8.3M	3.3M	2.6M	28.7M	25.8M	19.7M
Inventory	17.7M	20.3M	20.7M	34.2M	30.8M	20.8M
Other Current Assets	19.3M	21.1M	25.9M	1.6M	1.9M	1.8M
Other Stockholder Equity	41.2M	39.5M	40.3M	41.3M	47.5M	33.2M
Total Liab	14.7M	16.2M	14.4M	41.8M	37.6M	33.0M
Property Plant And Equipment Gross	6.9M	5.5M	7.0M	5.4M	4.9M	4.6M
Total Current Assets	37.0M	41.5M	46.5M	60.4M	54.3M	41.3M
Short Term Debt	191K	3.8M	1.8M	2.4M	2.2M	2.1M
Accounts Payable	3.0M	5.5M	6.4M	10.6M	9.6M	6.1M
Current Deferred Revenue	155K	85K	35K	(2.4M)	(2.8M)	(2.9M)
Other Assets	534K	798K	88K	188K	216.2K	205.4K
Common Stock	126K	128K	129K	131K	117.9K	112.0K
Other Liab	1.2M	721K	630K	1.8M	2.0M	2.1M
Long Term Debt	9.5M	4.5M	2.6M	12.7M	11.4M	14.1M
Treasury Stock	(12.2M)	(12.3M)	(12.4M)	(15.2M)	(13.7M)	(14.4M)
Intangible Assets	5.6M	3.2M	2.7M	3.5M	3.1M	3.0M
Property Plant Equipment	2M	1.5M	3.8M	1.7M	1.5M	1.5M
Net Tangible Assets	29.7M	41.9M	36.0M	49.2M	56.6M	36.9M
Retained Earnings Total Equity	338K	1.1M	2.2M	7.8M	8.9M	9.4M
Capital Surpluse	53.3M	53.6M	54.7M	57.1M	65.7M	56.0M
Non Current Liabilities Other	1.2M	5.7M	3.3M	15.2M	17.5M	18.4M

Pair Trading with Crown Crafts

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

Moving against Crown Stock

0.55	KEQU	Kewaunee Scientific	Pair Corr
0.51	SN	SharkNinja	Pair Corr

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

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

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

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