Insteel Net Receivables vs Common Stock Shares Outstanding Analysis
IIIN Stock | USD 30.71 0.15 0.49% |
Insteel Industries financial indicator trend analysis is infinitely more than just investigating Insteel Industries recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Insteel Industries is a good investment. Please check the relationship between Insteel Industries Net Receivables and its Common Stock Shares Outstanding accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Insteel Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Insteel Stock, please use our How to Invest in Insteel Industries guide.
Net Receivables vs Common Stock Shares Outstanding
Net Receivables vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Insteel Industries Net Receivables account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have strong relationship.
The correlation between Insteel Industries' Net Receivables and Common Stock Shares Outstanding is 0.77. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Insteel Industries, assuming nothing else is changed. The correlation between historical values of Insteel Industries' Net Receivables and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Insteel Industries are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Net Receivables i.e., Insteel Industries' Net Receivables and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.77 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Receivables
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Most indicators from Insteel Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Insteel Industries 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Insteel Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Insteel Stock, please use our How to Invest in Insteel Industries guide.As of the 6th of June 2024, Tax Provision is likely to grow to about 14.8 M, while Selling General Administrative is likely to drop about 22.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 197.3M | 65.4M | 75.2M | 46.4M | Total Revenue | 826.8M | 649.2M | 746.6M | 783.9M |
Insteel Industries fundamental ratios Correlations
Click cells to compare fundamentals
Insteel Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Insteel Industries fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 337.9M | 390.7M | 471.7M | 447.5M | 514.6M | 540.4M | |
Other Current Liab | 13.5M | 18.4M | 14.8M | 11.8M | 10.6M | 8.5M | |
Total Current Liabilities | 53.7M | 68.8M | 62.6M | 46.2M | 53.1M | 43.0M | |
Total Stockholder Equity | 264.8M | 302.0M | 389.7M | 381.5M | 438.7M | 460.7M | |
Property Plant And Equipment Net | 101.4M | 105.6M | 108.2M | 122.0M | 140.2M | 78.8M | |
Net Debt | (66.2M) | (88.2M) | (46.7M) | (123.7M) | (111.4M) | (105.8M) | |
Retained Earnings | 171.1M | 206.4M | 289.2M | 278.5M | 320.3M | 336.3M | |
Non Current Assets Total | 140.9M | 143.8M | 136.4M | 148.7M | 171.0M | 94.3M | |
Non Currrent Assets Other | 21.2M | 20.8M | 4.9M | 3.8M | 4.3M | 4.1M | |
Net Receivables | 53.8M | 67.9M | 81.6M | 63.4M | 72.9M | 41.9M | |
Common Stock Shares Outstanding | 19.4M | 19.5M | 19.6M | 19.6M | 22.5M | 17.0M | |
Liabilities And Stockholders Equity | 337.9M | 390.7M | 471.7M | 447.5M | 514.6M | 540.4M | |
Non Current Liabilities Total | 19.4M | 19.8M | 19.4M | 19.9M | 17.9M | 24.6M | |
Inventory | 69.0M | 79.0M | 197.7M | 103.3M | 118.8M | 124.7M | |
Other Current Assets | 5.6M | 10.1M | 7.7M | 2.4M | 2.8M | 4.8M | |
Other Stockholder Equity | 76.4M | 78.7M | 82.0M | 83.8M | 96.4M | 59.8M | |
Total Liab | 73.1M | 88.7M | 82.0M | 66.0M | 75.9M | 78.0M | |
Property Plant And Equipment Gross | 103.9M | 260.3M | 275.1M | 290.2M | 333.8M | 350.5M | |
Total Current Assets | 197.0M | 246.9M | 335.3M | 298.9M | 343.7M | 360.9M | |
Accumulated Other Comprehensive Income | (2.0M) | (2.4M) | (977K) | (283K) | (325.5K) | (341.7K) | |
Cash | 68.7M | 89.9M | 48.3M | 125.7M | 144.5M | 151.7M | |
Cash And Short Term Investments | 68.7M | 89.9M | 48.3M | 125.7M | 144.5M | 151.7M | |
Accounts Payable | 39.0M | 49.4M | 46.8M | 34.3M | 39.5M | 33.3M | |
Common Stock Total Equity | 19.3M | 19.3M | 19.4M | 19.5M | 22.4M | 19.7M | |
Common Stock | 19.3M | 19.4M | 19.5M | 19.5M | 22.4M | 19.8M | |
Other Liab | 18.1M | 19.8M | 18.8M | 19.9M | 22.8M | 24.0M | |
Other Assets | 18.6M | 20.8M | 10.1M | 12.8M | 14.7M | 11.5M | |
Intangible Assets | 8.6M | 7.7M | 6.8M | 6.1M | 5.5M | 6.4M | |
Property Plant Equipment | 103.9M | 105.6M | 108.2M | 120.0M | 138.0M | 90.5M | |
Net Tangible Assets | 246.5M | 284.6M | 373.2M | 365.7M | 420.5M | 253.3M | |
Non Current Liabilities Other | 18.6M | 19.4M | 19.8M | 19.4M | 22.3M | 17.2M |
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Try AI Portfolio ArchitectAdditional Information and Resources on Investing in Insteel Stock
When determining whether Insteel Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Insteel Industries' 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 Insteel Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Insteel Industries Stock:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Insteel Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Insteel Stock, please use our How to Invest in Insteel Industries guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Building Products space 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 Insteel Industries. If investors know Insteel 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 Insteel Industries 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 0.346 | Dividend Share 0.12 | Earnings Share 1.24 | Revenue Per Share 29.354 | Quarterly Revenue Growth (0.20) |
The market value of Insteel Industries is measured differently than its book value, which is the value of Insteel that is recorded on the company's balance sheet. Investors also form their own opinion of Insteel Industries' value that differs from its market value or its book value, called intrinsic value, which is Insteel Industries' 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 Insteel Industries' market value can be influenced by many factors that don't directly affect Insteel Industries' 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 Insteel Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Insteel Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Insteel Industries' 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.