Kura Asset Turnover vs Return On Assets Analysis

KRUS Stock

USD 97.03 2.88 2.88%

Kura Sushi financial indicator trend analysis is infinitely more than just investigating Kura Sushi USA recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kura Sushi USA is a good investment. Please check the relationship between Kura Sushi Asset Turnover and its Return On Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kura Sushi USA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.

Asset Turnover vs Return On Assets

Asset Turnover vs Return On Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kura Sushi USA Asset Turnover account and Return On Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between Kura Sushi's Asset Turnover and Return On Assets is 0.76. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Return On Assets in the same time period over historical financial statements of Kura Sushi USA, assuming nothing else is changed. The correlation between historical values of Kura Sushi's Asset Turnover and Return On 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 Asset Turnover of Kura Sushi USA are associated (or correlated) with its Return On Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Return On Assets has no effect on the direction of Asset Turnover i.e., Kura Sushi's Asset Turnover and Return On Assets go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Return On Assets

A profitability ratio that indicates the percentage of profit a company earns in relation to its overall resources. It is calculated by dividing net income by total assets.

Most indicators from Kura Sushi's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kura Sushi USA 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kura Sushi USA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.

At this time, Kura Sushi's Tax Provision is comparatively stable compared to the past year. Selling General Administrative is likely to gain to about 33.9 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.13 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	87K	69K	62.1K	104.3K
Depreciation And Amortization	5.6M	7.8M	9.0M	9.5M

Interest Expense Depreciation And Amortization

Kura Sushi fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse	Capital Lease Obligations	Inventory	Other Current Assets
Total Assets		0.99	0.98	0.99	0.99	-0.7	0.85	1.0	0.87	0.83	-0.87	0.9	0.97	1.0	0.76	0.36	0.97	0.99	0.87	0.77	-0.79	0.99	0.81	0.99	0.98	0.78
Short Long Term Debt Total	0.99		0.97	0.99	0.96	-0.8	0.84	1.0	0.86	0.91	-0.92	0.9	0.91	1.0	0.73	0.24	0.92	0.97	0.87	0.81	-0.78	1.0	0.85	1.0	0.95	0.73
Other Current Liab	0.98	0.97		0.99	0.98	-0.68	0.88	0.98	0.84	0.8	-0.89	0.88	0.96	0.98	0.76	0.41	0.96	0.96	0.88	0.77	-0.76	0.97	0.8	0.97	0.97	0.71
Total Current Liabilities	0.99	0.99	0.99		0.98	-0.74	0.88	0.99	0.88	0.86	-0.91	0.91	0.95	0.99	0.78	0.34	0.94	0.97	0.9	0.77	-0.8	0.99	0.85	0.99	0.96	0.75
Total Stockholder Equity	0.99	0.96	0.98	0.98		-0.61	0.84	0.98	0.85	0.75	-0.82	0.88	0.99	0.98	0.77	0.43	0.99	0.99	0.85	0.73	-0.77	0.96	0.77	0.96	0.99	0.8
Other Liab	-0.7	-0.8	-0.68	-0.74	-0.61		-0.57	-0.75	-0.55	-0.95	0.88	-0.66	-0.51	-0.75	-0.34	0.19	-0.52	-0.69	-0.63	-0.79	0.57	-0.79	-0.71	-0.8	-0.6	-0.34
Net Tangible Assets	0.85	0.84	0.88	0.88	0.84	-0.57		0.84	0.9	0.69	-0.88	0.95	0.85	0.84	0.91	0.51	0.83	0.78	0.99	0.65	-0.82	0.84	0.94	0.84	0.79	0.79
Property Plant And Equipment Net	1.0	1.0	0.98	0.99	0.98	-0.75	0.84		0.86	0.88	-0.89	0.9	0.94	1.0	0.74	0.28	0.94	0.98	0.87	0.8	-0.78	1.0	0.83	1.0	0.97	0.75
Current Deferred Revenue	0.87	0.86	0.84	0.88	0.85	-0.55	0.9	0.86		0.7	-0.82	0.89	0.86	0.86	0.95	0.51	0.84	0.82	0.93	0.48	-0.89	0.86	0.91	0.86	0.78	0.82
Net Debt	0.83	0.91	0.8	0.86	0.75	-0.95	0.69	0.88	0.7		-0.91	0.79	0.66	0.88	0.52	-0.12	0.67	0.81	0.74	0.83	-0.65	0.9	0.8	0.91	0.75	0.52
Retained Earnings	-0.87	-0.92	-0.89	-0.91	-0.82	0.88	-0.88	-0.89	-0.82	-0.91		-0.87	-0.77	-0.89	-0.7	-0.21	-0.76	-0.81	-0.9	-0.76	0.76	-0.92	-0.91	-0.92	-0.78	-0.59
Accounts Payable	0.9	0.9	0.88	0.91	0.88	-0.66	0.95	0.9	0.89	0.79	-0.87		0.86	0.9	0.86	0.31	0.85	0.87	0.97	0.77	-0.83	0.9	0.95	0.9	0.84	0.89
Cash	0.97	0.91	0.96	0.95	0.99	-0.51	0.85	0.94	0.86	0.66	-0.77	0.86		0.94	0.8	0.55	1.0	0.96	0.85	0.65	-0.78	0.92	0.75	0.91	0.97	0.81
Non Current Assets Total	1.0	1.0	0.98	0.99	0.98	-0.75	0.84	1.0	0.86	0.88	-0.89	0.9	0.94		0.74	0.28	0.94	0.98	0.87	0.8	-0.78	1.0	0.83	1.0	0.97	0.75
Non Currrent Assets Other	0.76	0.73	0.76	0.78	0.77	-0.34	0.91	0.74	0.95	0.52	-0.7	0.86	0.8	0.74		0.6	0.78	0.7	0.92	0.38	-0.87	0.73	0.86	0.73	0.7	0.85
Other Assets	0.36	0.24	0.41	0.34	0.43	0.19	0.51	0.28	0.51	-0.12	-0.21	0.31	0.55	0.28	0.6		0.52	0.3	0.47	-0.11	-0.48	0.25	0.29	0.24	0.36	0.39
Cash And Short Term Investments	0.97	0.92	0.96	0.94	0.99	-0.52	0.83	0.94	0.84	0.67	-0.76	0.85	1.0	0.94	0.78	0.52		0.96	0.83	0.67	-0.76	0.92	0.73	0.92	0.98	0.81
Net Receivables	0.99	0.97	0.96	0.97	0.99	-0.69	0.78	0.98	0.82	0.81	-0.81	0.87	0.96	0.98	0.7	0.3	0.96		0.81	0.78	-0.76	0.97	0.75	0.97	0.98	0.78
Common Stock Total Equity	0.87	0.87	0.88	0.9	0.85	-0.63	0.99	0.87	0.93	0.74	-0.9	0.97	0.85	0.87	0.92	0.47	0.83	0.81		0.66	-0.87	0.87	0.97	0.87	0.8	0.82
Common Stock Shares Outstanding	0.77	0.81	0.77	0.77	0.73	-0.79	0.65	0.8	0.48	0.83	-0.76	0.77	0.65	0.8	0.38	-0.11	0.67	0.78	0.66		-0.49	0.81	0.66	0.81	0.77	0.55
Long Term Debt Total	-0.79	-0.78	-0.76	-0.8	-0.77	0.57	-0.82	-0.78	-0.89	-0.65	0.76	-0.83	-0.78	-0.78	-0.87	-0.48	-0.76	-0.76	-0.87	-0.49		-0.78	-0.83	-0.78	-0.7	-0.78
Non Current Liabilities Total	0.99	1.0	0.97	0.99	0.96	-0.79	0.84	1.0	0.86	0.9	-0.92	0.9	0.92	1.0	0.73	0.25	0.92	0.97	0.87	0.81	-0.78		0.85	1.0	0.95	0.74
Capital Surpluse	0.81	0.85	0.8	0.85	0.77	-0.71	0.94	0.83	0.91	0.8	-0.91	0.95	0.75	0.83	0.86	0.29	0.73	0.75	0.97	0.66	-0.83	0.85		0.85	0.71	0.79
Capital Lease Obligations	0.99	1.0	0.97	0.99	0.96	-0.8	0.84	1.0	0.86	0.91	-0.92	0.9	0.91	1.0	0.73	0.24	0.92	0.97	0.87	0.81	-0.78	1.0	0.85		0.95	0.73
Inventory	0.98	0.95	0.97	0.96	0.99	-0.6	0.79	0.97	0.78	0.75	-0.78	0.84	0.97	0.97	0.7	0.36	0.98	0.98	0.8	0.77	-0.7	0.95	0.71	0.95		0.75
Other Current Assets	0.78	0.73	0.71	0.75	0.8	-0.34	0.79	0.75	0.82	0.52	-0.59	0.89	0.81	0.75	0.85	0.39	0.81	0.78	0.82	0.55	-0.78	0.74	0.79	0.73	0.75

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Kura Sushi Account Relationship Matchups

Kura Sushi fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	118.4M	177.7M	201.4M	304.7M	350.4M	367.9M
Short Long Term Debt Total	64.5M	73.0M	90.8M	119.6M	137.5M	144.4M
Other Current Liab	2.9M	8.5M	11.2M	12.6M	14.5M	15.2M
Total Current Liabilities	13.9M	20.0M	25.3M	29.1M	33.5M	35.2M
Total Stockholder Equity	45.7M	90.8M	93.3M	164.6M	189.3M	198.8M
Other Liab	3.5M	342K	398K	483K	434.7K	413.0K
Net Tangible Assets	61.5M	45.0M	90.8M	93.3M	107.3M	59.9M
Property Plant And Equipment Net	101.7M	118.0M	155.6M	210.3M	241.9M	254.0M
Net Debt	55.3M	32.5M	55.0M	49.9M	57.3M	60.2M
Retained Earnings	(14.6M)	(24.9M)	(25.7M)	(24.2M)	(21.8M)	(20.7M)
Accounts Payable	4.9M	4.9M	5.6M	7.2M	8.3M	4.7M
Cash	9.3M	40.4M	35.8M	69.7M	80.2M	84.2M
Non Current Assets Total	103.6M	120.2M	159.0M	215.3M	247.6M	260.0M
Non Currrent Assets Other	1.2M	1.3M	1.6M	1.5M	1.7M	1.4M
Other Assets	2.4M	1.2M	2.2M	1.6M	1.9M	1.9M
Cash And Short Term Investments	9.3M	40.4M	35.8M	78.2M	90.0M	94.5M
Net Receivables	2.1M	2.3M	2.6M	5.2M	5.9M	6.2M
Common Stock Shares Outstanding	8.3M	8.5M	9.7M	10.6M	12.2M	9.2M
Liabilities And Stockholders Equity	118.4M	177.7M	201.4M	304.7M	350.4M	367.9M
Non Current Liabilities Total	58.7M	66.8M	82.8M	110.9M	127.5M	133.9M
Capital Surpluse	20.2M	59.4M	115.8M	119.0M	136.8M	72.5M
Capital Lease Obligations	64.5M	73.0M	90.8M	119.6M	137.5M	144.4M
Inventory	367K	733K	1.1M	1.7M	2.0M	2.1M
Other Current Assets	375K	218K	230K	536K	616.4K	324.0K
Other Stockholder Equity	60.3M	115.8M	119.0M	188.8M	217.1M	227.9M
Total Liab	72.7M	86.8M	108.1M	140.0M	161.0M	169.1M
Net Invested Capital	45.7M	90.8M	93.3M	164.6M	189.3M	198.8M
Property Plant And Equipment Gross	101.7M	132.5M	175.6M	238.2M	273.9M	287.6M
Total Current Assets	14.8M	57.5M	42.4M	89.4M	102.8M	107.9M
Non Current Liabilities Other	342K	66.8M	82.8M	615K	707.3K	671.9K
Net Working Capital	853K	37.4M	17.1M	60.2M	69.3M	72.7M
Short Term Debt	6.1M	6.6M	8.5M	9.3M	10.7M	11.2M
Intangible Assets	696K	852K	1.7M	3.5M	4.0M	4.2M
Property Plant Equipment	31.9M	101.7M	118.0M	75.6M	86.9M	67.4M

Pair Trading with Kura Sushi

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

Moving against Kura Stock

0.53	WW	WW International	Pair Corr
0.44	FUN	Cedar Fair LP	Pair Corr

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

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

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

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