Quanex Non Currrent Assets Other vs Total Assets Analysis
NX Stock | USD 33.93 0.27 0.79% |
Quanex Building financial indicator trend analysis is much more than just breaking down Quanex Building Products prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quanex Building Products is a good investment. Please check the relationship between Quanex Building Non Currrent Assets Other and its Total Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Quanex Building Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
Non Currrent Assets Other vs Total Assets
Non Currrent Assets Other vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Quanex Building Products Non Currrent Assets Other account and Total Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Quanex Building's Non Currrent Assets Other and Total Assets is -0.34. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Total Assets in the same time period over historical financial statements of Quanex Building Products, assuming nothing else is changed. The correlation between historical values of Quanex Building's Non Currrent Assets Other and Total 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 Non Currrent Assets Other of Quanex Building Products are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Non Currrent Assets Other i.e., Quanex Building's Non Currrent Assets Other and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.34 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Total Assets
Total assets refers to the total amount of Quanex Building assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Quanex Building Products books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Quanex Building's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quanex Building Products 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 Quanex Building Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. Enterprise Value is likely to rise to about 737.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 103.3 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.6M | 8.1M | 7.3M | 7.0M | Depreciation And Amortization | 41.2M | 42.9M | 49.3M | 56.6M |
Quanex Building fundamental ratios Correlations
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Quanex Building Account Relationship Matchups
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Quanex Building fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 691.6M | 717.3M | 724.6M | 831.1M | 955.8M | 795.7M | |
Short Long Term Debt Total | 169.8M | 106.5M | 87.7M | 116.4M | 104.7M | 95.9M | |
Other Current Liab | 44.0M | 61.6M | 52.4M | 50.3M | 57.9M | 40.8M | |
Total Current Liabilities | 130.2M | 158.0M | 139.8M | 134.7M | 121.2M | 113.4M | |
Total Stockholder Equity | 355.8M | 419.8M | 464.8M | 545.6M | 627.4M | 456.1M | |
Property Plant And Equipment Net | 235.9M | 231.3M | 236.4M | 297.3M | 267.6M | 214.6M | |
Net Debt | 118.1M | 66.4M | 32.6M | 57.9M | 52.1M | 50.6M | |
Retained Earnings | 213.5M | 259.7M | 337.5M | 409.3M | 470.7M | 271.9M | |
Accounts Payable | 77.3M | 86.8M | 77.9M | 74.4M | 66.9M | 64.8M | |
Cash | 51.6M | 40.1M | 55.1M | 58.5M | 67.2M | 62.2M | |
Non Current Assets Total | 484.3M | 468.3M | 444.0M | 557.5M | 641.2M | 507.1M | |
Non Currrent Assets Other | 9.1M | 5.3M | (17.6M) | 3.2M | 2.9M | 2.7M | |
Cash And Short Term Investments | 51.6M | 40.1M | 55.1M | 58.5M | 67.2M | 65.8M | |
Net Receivables | 88.3M | 108.3M | 96.0M | 105.6M | 95.0M | 82.0M | |
Good Will | 146.2M | 149.2M | 137.9M | 183.0M | 210.4M | 124.3M | |
Common Stock Shares Outstanding | 32.8M | 33.5M | 33.2M | 33.0M | 38.0M | 38.9M | |
Liabilities And Stockholders Equity | 691.6M | 717.3M | 724.6M | 831.1M | 955.8M | 795.7M | |
Non Current Liabilities Total | 205.6M | 139.5M | 119.9M | 150.9M | 135.8M | 133.6M | |
Inventory | 61.2M | 92.5M | 120.9M | 98.0M | 88.2M | 68.0M | |
Other Current Assets | 6.2M | 8.1M | 8.7M | 11.6M | 13.3M | 13.5M | |
Other Stockholder Equity | 174.9M | 181.5M | 176.4M | 174.0M | 200.1M | 188.7M | |
Total Liab | 335.8M | 297.5M | 259.8M | 285.6M | 257.0M | 247.0M | |
Property Plant And Equipment Gross | 235.9M | 231.3M | 236.4M | 297.3M | 267.6M | 214.6M | |
Total Current Assets | 207.3M | 249.0M | 280.7M | 273.6M | 246.2M | 209.9M | |
Accumulated Other Comprehensive Income | (33.0M) | (21.8M) | (49.4M) | (38.1M) | (34.3M) | (32.6M) | |
Short Term Debt | 8.2M | 9.0M | 8.8M | 9.6M | 8.6M | 8.1M | |
Current Deferred Revenue | 763K | 627K | 792K | 384K | 345.6K | 328.3K | |
Intangible Assets | 93.1M | 82.4M | 65.0M | 74.1M | 85.2M | 85.2M | |
Other Liab | 44.0M | 42.1M | 41.0M | 44.1M | 50.7M | 41.0M | |
Other Assets | 9.1M | 5.3M | 4.7M | 3.2M | 2.9M | 2.7M | |
Long Term Debt | 116.7M | 52.1M | 29.6M | 66.4M | 76.4M | 75.5M | |
Treasury Stock | (76.7M) | (78.6M) | (72.7M) | (75.5M) | (68.0M) | (64.6M) | |
Property Plant Equipment | 184.1M | 178.6M | 180.4M | 297.3M | 341.9M | 193.4M | |
Net Tangible Assets | 116.5M | 188.2M | 261.9M | 288.5M | 259.6M | 139.8M | |
Retained Earnings Total Equity | 185.7M | 213.5M | 259.7M | 337.5M | 388.1M | 246.3M | |
Long Term Debt Total | 156.4M | 116.7M | 52.1M | 29.6M | 34.1M | 32.4M | |
Capital Surpluse | 254.7M | 253.5M | 254.2M | 251.9M | 289.7M | 276.3M | |
Deferred Long Term Liab | 19.4M | 19.1M | 22.0M | 22.3M | 25.6M | 13.3M |
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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 Quanex Building Products offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Quanex Building'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 Quanex Building Products Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Quanex Building Products Stock:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Quanex Building Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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Is Quanex Building'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 Quanex Building. If investors know Quanex 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 Quanex Building 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 2.28 | Dividend Share 0.32 | Earnings Share 2.63 | Revenue Per Share 33.788 | Quarterly Revenue Growth (0.09) |
The market value of Quanex Building Products is measured differently than its book value, which is the value of Quanex that is recorded on the company's balance sheet. Investors also form their own opinion of Quanex Building's value that differs from its market value or its book value, called intrinsic value, which is Quanex Building'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 Quanex Building's market value can be influenced by many factors that don't directly affect Quanex Building'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 Quanex Building's value and its price as these two are different measures arrived at by different means. Investors typically determine if Quanex Building is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Quanex Building'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.