UFP Total Current Assets vs Inventory Analysis

UFPT Stock

USD 261.20 1.81 0.69%

UFP Technologies financial indicator trend analysis is much more than just breaking down UFP Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether UFP Technologies is a good investment. Please check the relationship between UFP Technologies Total Current Assets and its Inventory accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in UFP Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.

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

Total Current Assets vs Inventory

Total Current Assets vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of UFP Technologies Total Current Assets account and Inventory. At this time, the significance of the direction appears to have almost identical trend.

The correlation between UFP Technologies' Total Current Assets and Inventory is 0.93. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Inventory in the same time period over historical financial statements of UFP Technologies, assuming nothing else is changed. The correlation between historical values of UFP Technologies' Total Current Assets and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of UFP Technologies are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Total Current Assets i.e., UFP Technologies' Total Current Assets and Inventory go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Inventory

Most indicators from UFP Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into UFP Technologies 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 World Market Map to better understand how to build diversified portfolios, which includes a position in UFP Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy UFP Stock please use our How to Invest in UFP Technologies guide.At this time, UFP Technologies' Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.20 in 2024, whereas Tax Provision is likely to drop slightly above 5.9 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	51.1M	90.3M	119.4M	125.4M
Total Revenue	206.3M	353.8M	400.1M	420.1M

Gross Profit Total Revenue

UFP Technologies 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	Accounts Payable	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	Intangible Assets	Other Liab	Other Assets
Total Assets		0.81	0.94	0.96	0.98	0.87	0.81	0.98	0.94	-0.54	0.99	0.19	-0.54	0.98	0.41	0.86	0.95	0.21	-0.22	0.94	0.9	0.9	0.88	0.96	0.6	0.89
Short Long Term Debt Total	0.81		0.75	0.78	0.69	0.63	0.89	0.7	0.73	-0.49	0.84	0.11	-0.49	0.74	0.23	0.96	0.71	0.17	-0.21	0.93	0.78	0.64	0.84	0.9	0.86	0.93
Other Current Liab	0.94	0.75		0.97	0.91	0.73	0.77	0.91	0.95	-0.54	0.92	0.39	-0.54	0.95	0.32	0.82	0.94	0.2	-0.25	0.91	0.75	0.88	0.82	0.92	0.45	0.8
Total Current Liabilities	0.96	0.78	0.97		0.92	0.73	0.81	0.93	0.99	-0.58	0.93	0.21	-0.58	0.98	0.26	0.84	0.98	0.14	-0.27	0.93	0.82	0.9	0.91	0.94	0.49	0.85
Total Stockholder Equity	0.98	0.69	0.91	0.92		0.92	0.69	1.0	0.9	-0.48	0.95	0.17	-0.48	0.97	0.47	0.74	0.94	0.22	-0.15	0.84	0.9	0.91	0.8	0.89	0.48	0.79
Property Plant And Equipment Net	0.87	0.63	0.73	0.73	0.92		0.58	0.91	0.72	-0.39	0.86	0.13	-0.39	0.83	0.57	0.63	0.77	0.33	0.09	0.69	0.9	0.78	0.67	0.75	0.49	0.67
Net Debt	0.81	0.89	0.77	0.81	0.69	0.58		0.71	0.76	-0.81	0.87	-0.06	-0.81	0.75	0.03	0.93	0.74	0.04	-0.45	0.92	0.73	0.54	0.88	0.93	0.76	0.9
Retained Earnings	0.98	0.7	0.91	0.93	1.0	0.91	0.71		0.92	-0.51	0.95	0.16	-0.51	0.98	0.43	0.75	0.95	0.19	-0.18	0.85	0.9	0.91	0.82	0.9	0.48	0.8
Accounts Payable	0.94	0.73	0.95	0.99	0.9	0.72	0.76	0.92		-0.55	0.9	0.21	-0.55	0.97	0.23	0.78	0.99	0.13	-0.22	0.9	0.8	0.92	0.89	0.9	0.42	0.81
Cash	-0.54	-0.49	-0.54	-0.58	-0.48	-0.39	-0.81	-0.51	-0.55		-0.64	0.29	1.0	-0.54	0.29	-0.55	-0.54	0.22	0.6	-0.59	-0.46	-0.21	-0.62	-0.67	-0.35	-0.55
Non Current Assets Total	0.99	0.84	0.92	0.93	0.95	0.86	0.87	0.95	0.9	-0.64		0.14	-0.64	0.94	0.36	0.89	0.91	0.18	-0.29	0.94	0.89	0.82	0.87	0.98	0.66	0.9
Non Currrent Assets Other	0.19	0.11	0.39	0.21	0.17	0.13	-0.06	0.16	0.21	0.29	0.14		0.29	0.16	0.41	0.18	0.14	0.39	0.2	0.2	-0.07	0.3	-0.09	0.12	-0.05	0.05
Cash And Short Term Investments	-0.54	-0.49	-0.54	-0.58	-0.48	-0.39	-0.81	-0.51	-0.55	1.0	-0.64	0.29		-0.54	0.29	-0.55	-0.54	0.22	0.6	-0.59	-0.46	-0.21	-0.62	-0.67	-0.35	-0.55
Net Receivables	0.98	0.74	0.95	0.98	0.97	0.83	0.75	0.98	0.97	-0.54	0.94	0.16	-0.54		0.37	0.78	0.99	0.16	-0.19	0.89	0.87	0.94	0.87	0.92	0.47	0.82
Common Stock Shares Outstanding	0.41	0.23	0.32	0.26	0.47	0.57	0.03	0.43	0.23	0.29	0.36	0.41	0.29	0.37		0.26	0.26	0.68	0.53	0.27	0.36	0.49	0.08	0.22	0.21	0.17
Non Current Liabilities Total	0.86	0.96	0.82	0.84	0.74	0.63	0.93	0.75	0.78	-0.55	0.89	0.18	-0.55	0.78	0.26		0.76	0.18	-0.31	0.98	0.76	0.67	0.86	0.94	0.84	0.95
Inventory	0.95	0.71	0.94	0.98	0.94	0.77	0.74	0.95	0.99	-0.54	0.91	0.14	-0.54	0.99	0.26	0.76		0.1	-0.24	0.88	0.86	0.93	0.9	0.9	0.44	0.82
Other Current Assets	0.21	0.17	0.2	0.14	0.22	0.33	0.04	0.19	0.13	0.22	0.18	0.39	0.22	0.16	0.68	0.18	0.1		0.57	0.17	0.18	0.26	0.07	0.09	0.12	0.06
Other Stockholder Equity	-0.22	-0.21	-0.25	-0.27	-0.15	0.09	-0.45	-0.18	-0.22	0.6	-0.29	0.2	0.6	-0.19	0.53	-0.31	-0.24	0.57		-0.31	-0.13	0.01	-0.33	-0.39	-0.29	-0.42
Total Liab	0.94	0.93	0.91	0.93	0.84	0.69	0.92	0.85	0.9	-0.59	0.94	0.2	-0.59	0.89	0.27	0.98	0.88	0.17	-0.31		0.81	0.79	0.91	0.98	0.74	0.95
Property Plant And Equipment Gross	0.9	0.78	0.75	0.82	0.9	0.9	0.73	0.9	0.8	-0.46	0.89	-0.07	-0.46	0.87	0.36	0.76	0.86	0.18	-0.13	0.81		0.82	0.88	0.85	0.69	0.87
Total Current Assets	0.9	0.64	0.88	0.9	0.91	0.78	0.54	0.91	0.92	-0.21	0.82	0.3	-0.21	0.94	0.49	0.67	0.93	0.26	0.01	0.79	0.82		0.78	0.78	0.38	0.73
Short Term Debt	0.88	0.84	0.82	0.91	0.8	0.67	0.88	0.82	0.89	-0.62	0.87	-0.09	-0.62	0.87	0.08	0.86	0.9	0.07	-0.33	0.91	0.88	0.78		0.91	0.67	0.92
Intangible Assets	0.96	0.9	0.92	0.94	0.89	0.75	0.93	0.9	0.9	-0.67	0.98	0.12	-0.67	0.92	0.22	0.94	0.9	0.09	-0.39	0.98	0.85	0.78	0.91		0.71	0.95
Other Liab	0.6	0.86	0.45	0.49	0.48	0.49	0.76	0.48	0.42	-0.35	0.66	-0.05	-0.35	0.47	0.21	0.84	0.44	0.12	-0.29	0.74	0.69	0.38	0.67	0.71		0.86
Other Assets	0.89	0.93	0.8	0.85	0.79	0.67	0.9	0.8	0.81	-0.55	0.9	0.05	-0.55	0.82	0.17	0.95	0.82	0.06	-0.42	0.95	0.87	0.73	0.92	0.95	0.86

Click cells to compare fundamentals

UFP Technologies Account Relationship Matchups

UFP Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	188.8M	203.2M	334.1M	377.5M	404.1M	424.3M
Short Long Term Debt Total	3.1M	2.2M	84.4M	55M	46.0M	48.3M
Other Current Liab	8.5M	8.0M	13.6M	27.1M	22.1M	23.2M
Total Current Liabilities	16.3M	15.1M	34.7M	55.8M	58.2M	61.1M
Total Stockholder Equity	162.0M	176.9M	194.4M	237.5M	286.1M	300.4M
Property Plant And Equipment Net	56.7M	53.8M	65.9M	58.1M	75.7M	79.5M
Net Debt	(653K)	(22.0M)	73.2M	50.5M	40.8M	42.8M
Retained Earnings	131.6M	144.9M	160.8M	202.6M	247.5M	259.9M
Accounts Payable	4.6M	4.1M	10.6M	20.0M	22.3M	23.4M
Cash	3.7M	24.2M	11.1M	4.5M	5.3M	5.0M
Non Current Assets Total	135.5M	131.3M	246.8M	261.2M	259.5M	272.5M
Non Currrent Assets Other	6.0M	6.0M	5.4M	20.3M	5.8M	4.5M
Cash And Short Term Investments	3.7M	24.2M	11.1M	4.5M	5.3M	5.0M
Net Receivables	28.6M	26.4M	39.4M	55.1M	65.7M	69.0M
Common Stock Shares Outstanding	7.5M	7.6M	7.6M	7.7M	7.7M	6.4M
Liabilities And Stockholders Equity	188.8M	203.2M	334.1M	377.5M	404.1M	424.3M
Non Current Liabilities Total	10.5M	11.2M	105.0M	84.2M	59.8M	62.8M
Inventory	18.3M	18.6M	33.4M	53.5M	70.2M	73.7M
Other Current Assets	2.6M	2.6M	3.4M	3.2M	3.4M	2.1M
Other Stockholder Equity	30.4M	31.9M	33.6M	35.5M	38.2M	40.4M
Total Liab	26.8M	26.3M	139.7M	140.0M	118.0M	123.9M
Property Plant And Equipment Gross	59.8M	55.9M	126.8M	58.1M	132.9M	139.6M
Total Current Assets	53.3M	71.9M	87.3M	116.3M	144.6M	151.9M
Accumulated Other Comprehensive Income	(53.1M)	(54.1M)	0.0	(610K)	268K	281.4K
Short Term Debt	674K	1.2M	6.2M	4M	7.2M	7.6M
Intangible Assets	21.0M	19.7M	67.6M	68.4M	64.1M	67.3M
Other Liab	7.7M	9.7M	105.0M	22.8M	26.3M	27.6M
Other Assets	2.9M	3.9M	14.8M	9.2M	10.6M	11.1M
Long Term Debt	22.3M	325K	71M	51M	28M	29.4M
Property Plant Equipment	56.7M	53.8M	56.6M	58.1M	66.8M	70.1M
Net Tangible Assets	89.2M	105.3M	19.0M	237.5M	273.2M	286.8M
Current Deferred Revenue	2.6M	1.9M	4.2M	4.7M	6.6M	3.5M
Retained Earnings Total Equity	131.6M	144.9M	160.8M	202.6M	233.0M	244.6M
Capital Surpluse	31.0M	32.5M	34.2M	36.1M	41.5M	29.9M
Deferred Long Term Liab	6.2M	2.8M	8.9M	7.6M	8.7M	9.2M
Non Current Liabilities Other	2.8M	2.3M	19.3M	18.2M	7.1M	5.2M

Pair Trading with UFP Technologies

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 UFP Technologies 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 UFP Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving together with UFP Stock

0.66

ESTA

Establishment Labs

Pair Corr

Moving against UFP Stock

0.69	VMD	Viemed Healthcare	Pair Corr
0.68	XTNT	Xtant Medical Holdings	Pair Corr
0.63	SSY	SunLink Health Systems	Pair Corr
0.62	CAH	Cardinal Health Fiscal Year End 20th of August 2024	Pair Corr
0.59	CVS	CVS Health Corp	Pair Corr

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

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

When determining whether UFP Technologies is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if UFP Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ufp Technologies Stock. Highlighted below are key reports to facilitate an investment decision about Ufp Technologies Stock:

How To Invest In UFP

Details

Is UFP Stock a good investment?

Details

What is UFP Technologies' Net Worth?

Details

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in UFP Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.

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

You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Complementary Tools for UFP Stock analysis

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

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Is UFP Technologies' 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 UFP Technologies. If investors know UFP 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 UFP Technologies 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

0.291

Earnings Share

6.27

Revenue Per Share

53.324

Quarterly Revenue Growth

0.074

Return On Assets

0.0968

The market value of UFP Technologies is measured differently than its book value, which is the value of UFP that is recorded on the company's balance sheet. Investors also form their own opinion of UFP Technologies' value that differs from its market value or its book value, called intrinsic value, which is UFP Technologies' 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 UFP Technologies' market value can be influenced by many factors that don't directly affect UFP Technologies' 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 UFP Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if UFP Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, UFP Technologies' 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.

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UFP Total Current Assets vs Inventory Analysis

Total Current Assets vs Inventory

Total Current Assets vs Inventory Correlation Analysis

Correlation Coefficient

Total Current Assets

Inventory

UFP Technologies fundamental ratios Correlations

UFP Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

UFP Technologies fundamental ratios Accounts

Pair Trading with UFP Technologies

Moving together with UFP Stock

Moving against UFP Stock

Complementary Tools for UFP Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Current Liabilities
Inventory	+ 0.99	Accounts Payable
Inventory	+ 0.99	Net Receivables

Cash And Short Term Investments	- 0.81	Net Debt
Cash	- 0.81	Net Debt
Intangible Assets	- 0.67	Cash And Short Term Investments
Intangible Assets	- 0.67	Cash
Cash And Short Term Investments	- 0.64	Non Current Assets Total
Non Current Assets Total	- 0.64	Cash