Advanced Property Plant Equipment vs Short Term Debt Analysis

WMS Stock

USD 179.24 1.86 1.05%

Advanced Drainage financial indicator trend analysis is way more than just evaluating Advanced Drainage Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Advanced Drainage Systems is a good investment. Please check the relationship between Advanced Drainage Property Plant Equipment and its Short Term Debt accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Advanced Drainage Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

Property Plant Equipment vs Short Term Debt

Property Plant Equipment vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Advanced Drainage Systems Property Plant Equipment account and Short Term Debt. At this time, the significance of the direction appears to have weak relationship.

The correlation between Advanced Drainage's Property Plant Equipment and Short Term Debt is 0.36. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Advanced Drainage Systems, assuming nothing else is changed. The correlation between historical values of Advanced Drainage's Property Plant Equipment and Short Term Debt 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 Equipment of Advanced Drainage Systems are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Property Plant Equipment i.e., Advanced Drainage's Property Plant Equipment and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.36

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Property Plant Equipment

Short Term Debt

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

At this time, Advanced Drainage's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 166.9 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.07 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	800.4M	1.1B	1.1B	1.1B
Total Revenue	2.8B	3.1B	2.9B	1.8B

Gross Profit Total Revenue

Advanced Drainage fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross
Common Stock Shares Outstanding		0.73	0.65	0.68	0.74	0.75	0.55	0.72	0.62	0.43	0.63	0.51	0.72	0.75	0.61	0.63	0.51	0.71	0.7	-0.38	0.65	0.63	0.3	0.46	0.68	0.62
Total Assets	0.73		0.97	0.92	0.93	0.97	0.87	0.93	0.94	0.54	0.83	0.71	0.99	0.9	0.83	0.96	0.71	0.93	0.97	-0.5	0.98	0.87	0.52	0.59	0.99	0.8
Short Long Term Debt Total	0.65	0.97		0.87	0.86	0.89	0.85	0.91	0.97	0.53	0.76	0.72	0.97	0.83	0.71	0.99	0.72	0.85	0.94	-0.47	1.0	0.82	0.55	0.51	0.99	0.77
Other Current Liab	0.68	0.92	0.87		0.84	0.95	0.84	0.84	0.86	0.48	0.7	0.59	0.92	0.88	0.8	0.86	0.59	0.9	0.92	-0.51	0.88	0.84	0.39	0.62	0.89	0.73
Total Current Liabilities	0.74	0.93	0.86	0.84		0.93	0.75	0.96	0.82	0.61	0.91	0.66	0.9	0.87	0.88	0.83	0.66	0.97	0.86	-0.5	0.86	0.92	0.5	0.48	0.9	0.85
Total Stockholder Equity	0.75	0.97	0.89	0.95	0.93		0.84	0.91	0.85	0.51	0.79	0.67	0.96	0.92	0.86	0.88	0.67	0.93	0.95	-0.53	0.9	0.84	0.37	0.66	0.92	0.76
Other Liab	0.55	0.87	0.85	0.84	0.75	0.84		0.75	0.84	0.64	0.71	0.77	0.88	0.71	0.75	0.87	0.77	0.79	0.87	-0.66	0.86	0.73	0.39	0.47	0.86	0.8
Property Plant And Equipment Net	0.72	0.93	0.91	0.84	0.96	0.91	0.75		0.83	0.7	0.85	0.75	0.89	0.8	0.75	0.87	0.75	0.93	0.84	-0.58	0.89	0.89	0.51	0.36	0.92	0.87
Net Debt	0.62	0.94	0.97	0.86	0.82	0.85	0.84	0.83		0.44	0.72	0.6	0.95	0.84	0.72	0.97	0.6	0.85	0.94	-0.4	0.97	0.83	0.55	0.58	0.97	0.74
Retained Earnings	0.43	0.54	0.53	0.48	0.61	0.51	0.64	0.7	0.44		0.64	0.85	0.47	0.31	0.42	0.52	0.85	0.59	0.39	-0.81	0.52	0.63	0.47	-0.22	0.54	0.89
Accounts Payable	0.63	0.83	0.76	0.7	0.91	0.79	0.71	0.85	0.72	0.64		0.6	0.79	0.67	0.88	0.76	0.6	0.89	0.74	-0.39	0.78	0.9	0.71	0.27	0.82	0.82
Cash	0.51	0.71	0.72	0.59	0.66	0.67	0.77	0.75	0.6	0.85	0.6		0.67	0.54	0.44	0.69	1.0	0.6	0.62	-0.87	0.7	0.56	0.39	0.15	0.71	0.84
Non Current Assets Total	0.72	0.99	0.97	0.92	0.9	0.96	0.88	0.89	0.95	0.47	0.79	0.67		0.92	0.82	0.96	0.67	0.9	0.99	-0.47	0.97	0.83	0.47	0.67	0.98	0.75
Non Currrent Assets Other	0.75	0.9	0.83	0.88	0.87	0.92	0.71	0.8	0.84	0.31	0.67	0.54	0.92		0.79	0.81	0.54	0.86	0.93	-0.42	0.84	0.77	0.36	0.81	0.86	0.66
Other Assets	0.61	0.83	0.71	0.8	0.88	0.86	0.75	0.75	0.72	0.42	0.88	0.44	0.82	0.79		0.72	0.44	0.91	0.82	-0.31	0.74	0.87	0.47	0.57	0.78	0.69
Long Term Debt	0.63	0.96	0.99	0.86	0.83	0.88	0.87	0.87	0.97	0.52	0.76	0.69	0.96	0.81	0.72		0.69	0.84	0.94	-0.44	1.0	0.81	0.57	0.51	0.99	0.75
Cash And Short Term Investments	0.51	0.71	0.72	0.59	0.66	0.67	0.77	0.75	0.6	0.85	0.6	1.0	0.67	0.54	0.44	0.69		0.6	0.62	-0.87	0.7	0.56	0.39	0.15	0.71	0.84
Net Receivables	0.71	0.93	0.85	0.9	0.97	0.93	0.79	0.93	0.85	0.59	0.89	0.6	0.9	0.86	0.91	0.84	0.6		0.88	-0.5	0.86	0.97	0.51	0.51	0.89	0.86
Good Will	0.7	0.97	0.94	0.92	0.86	0.95	0.87	0.84	0.94	0.39	0.74	0.62	0.99	0.93	0.82	0.94	0.62	0.88		-0.44	0.96	0.79	0.43	0.74	0.96	0.7
Common Stock Total Equity	-0.38	-0.5	-0.47	-0.51	-0.5	-0.53	-0.66	-0.58	-0.4	-0.81	-0.39	-0.87	-0.47	-0.42	-0.31	-0.44	-0.87	-0.5	-0.44		-0.45	-0.44	-0.1	-0.1	-0.47	-0.77
Non Current Liabilities Total	0.65	0.98	1.0	0.88	0.86	0.9	0.86	0.89	0.97	0.52	0.78	0.7	0.97	0.84	0.74	1.0	0.7	0.86	0.96	-0.45		0.82	0.57	0.54	1.0	0.76
Inventory	0.63	0.87	0.82	0.84	0.92	0.84	0.73	0.89	0.83	0.63	0.9	0.56	0.83	0.77	0.87	0.81	0.56	0.97	0.79	-0.44	0.82		0.65	0.36	0.85	0.87
Other Current Assets	0.3	0.52	0.55	0.39	0.5	0.37	0.39	0.51	0.55	0.47	0.71	0.39	0.47	0.36	0.47	0.57	0.39	0.51	0.43	-0.1	0.57	0.65		-0.04	0.57	0.57
Other Stockholder Equity	0.46	0.59	0.51	0.62	0.48	0.66	0.47	0.36	0.58	-0.22	0.27	0.15	0.67	0.81	0.57	0.51	0.15	0.51	0.74	-0.1	0.54	0.36	-0.04		0.54	0.18
Total Liab	0.68	0.99	0.99	0.89	0.9	0.92	0.86	0.92	0.97	0.54	0.82	0.71	0.98	0.86	0.78	0.99	0.71	0.89	0.96	-0.47	1.0	0.85	0.57	0.54		0.79
Property Plant And Equipment Gross	0.62	0.8	0.77	0.73	0.85	0.76	0.8	0.87	0.74	0.89	0.82	0.84	0.75	0.66	0.69	0.75	0.84	0.86	0.7	-0.77	0.76	0.87	0.57	0.18	0.79

Click cells to compare fundamentals

Advanced Drainage Account Relationship Matchups

Advanced Drainage fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	63.8M	71.6M	72.9M	83.3M	79.0M	64.6M
Total Assets	2.4B	2.4B	2.6B	2.9B	3.3B	1.9B
Short Long Term Debt Total	1.2B	841.5M	944.6M	1.3B	1.4B	771.0M
Other Current Liab	103.2M	120.9M	141.7M	145.5M	138.5M	87.6M
Total Current Liabilities	238.2M	318.3M	391.2M	378.8M	439.6M	288.9M
Total Stockholder Equity	772.8M	1.0B	1.1B	977.4M	1.3B	679.9M
Other Liab	(115.2M)	173.6M	205.9M	233.4M	268.4M	281.8M
Property Plant And Equipment Net	481.4M	504.3M	619.4M	733.1M	930.2M	536.9M
Net Debt	988.0M	646.5M	924.5M	1.1B	915.7M	666.3M
Retained Earnings	(267.6M)	(75.2M)	158.9M	626.2M	1.1B	1.1B
Accounts Payable	106.7M	171.1M	225.0M	210.1M	254.4M	164.1M
Cash	174.2M	195.0M	20.1M	217.1M	490.2M	514.7M
Non Current Assets Total	1.7B	1.7B	1.8B	1.9B	2.0B	1.2B
Non Currrent Assets Other	69.1M	85.5M	84.2M	83.7M	66.9M	49.5M
Other Assets	24.0M	85.5M	116.8M	72.0M	82.8M	45.5M
Long Term Debt	1.1B	782.2M	908.7M	1.3B	1.3B	695.4M
Cash And Short Term Investments	174.2M	195.0M	20.1M	217.1M	490.2M	514.7M
Net Receivables	200.0M	236.2M	341.8M	306.9M	323.6M	233.2M
Good Will	597.8M	599.1M	610.3M	620.2M	617.2M	341.0M
Common Stock Total Equity	11.6M	11.6M	11.6M	11.6M	10.5M	9.5M
Liabilities And Stockholders Equity	2.4B	2.4B	2.6B	2.9B	3.3B	1.9B
Non Current Liabilities Total	1.3B	1.0B	1.2B	1.5B	1.6B	897.4M
Inventory	282.4M	301.0M	494.3M	464.0M	464.2M	352.6M
Other Current Assets	9.6M	10.8M	15.7M	29.4M	22.0M	15.7M
Other Stockholder Equity	794.7M	896.6M	746.9M	213.9M	79.3M	75.3M
Total Liab	1.6B	1.4B	1.5B	1.9B	2.0B	1.2B
Property Plant And Equipment Gross	506.3M	535.5M	1.2B	1.4B	1.6B	1.7B
Total Current Assets	666.2M	743.0M	871.9M	1.0B	1.3B	705.5M
Accumulated Other Comprehensive Income	(35.3M)	(24.2M)	(24.4M)	(27.6M)	(29.8M)	(31.3M)
Treasury Stock	(10.5M)	(11.0M)	(318.7M)	(921.0M)	(1.1B)	(1.0B)
Short Term Debt	28.3M	26.3M	24.5M	23.2M	45.6M	31.8M
Intangible Assets	555.3M	482.0M	431.4M	407.6M	352.7M	244.5M
Common Stock	11.6M	11.6M	11.6M	11.6M	11.7M	9.5M
Property Plant Equipment	481.4M	504.3M	619.4M	783.8M	901.4M	495.0M
Net Tangible Assets	(380.3M)	(31.4M)	657.0M	569.7M	655.2M	688.0M
Deferred Long Term Liab	175.6M	162.2M	168.4M	159.1M	182.9M	108.1M
Short Long Term Debt	8.0M	7M	19.5M	14.7M	11.9M	16.1M
Warrants	247.1M	229.9M	195.4M	153.2M	176.2M	167.5M
Noncontrolling Interest In Consolidated Entity	11.8M	13.7M	16.6M	17.5M	20.1M	16.7M

Pair Trading with Advanced Drainage

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 Advanced Drainage 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 Advanced Drainage will appreciate offsetting losses from the drop in the long position's value.

Moving together with Advanced Stock

0.64	TT	Trane Technologies plc	Pair Corr
0.63	DOOR	Masonite International	Pair Corr

Moving against Advanced Stock

0.47	AAON	AAON Inc	Pair Corr
0.46	AEHL	Antelope Enterprise	Pair Corr

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

The correlation of Advanced Drainage 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 Advanced Drainage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advanced Drainage Systems 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 Advanced Drainage 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 Advanced Drainage Systems is a strong investment it is important to analyze Advanced Drainage's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Advanced Drainage's future performance. For an informed investment choice regarding Advanced Stock, refer to the following important reports:

How To Invest In Advanced

Details

Is Advanced Stock a good investment?

Details

What is Advanced Drainage's Net Worth?

Details

Largest Building Products Companies

View

Largest Building Products & Equipment Companies

View

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Advanced Drainage Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

Complementary Tools for Advanced Stock analysis

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

	Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities
	Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
	My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
	Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios
	Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
	Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments
	Global Correlations Find global opportunities by holding instruments from different markets
	CEOs Directory Screen CEOs from public companies around the world
	Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments
	Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
	Transaction History View history of all your transactions and understand their impact on performance
	Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years

Is Advanced Drainage'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 Advanced Drainage. If investors know Advanced 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 Advanced Drainage 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

0.154

Dividend Share

0.56

Earnings Share

6.46

Revenue Per Share

36.734

Quarterly Revenue Growth

0.059

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Advanced Property Plant Equipment vs Short Term Debt Analysis

Property Plant Equipment vs Short Term Debt

Property Plant Equipment vs Short Term Debt Correlation Analysis

Correlation Coefficient

Property Plant Equipment

Short Term Debt

Advanced Drainage fundamental ratios Correlations

Advanced Drainage Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Advanced Drainage fundamental ratios Accounts

Pair Trading with Advanced Drainage

Moving together with Advanced Stock

Moving against Advanced Stock

Complementary Tools for Advanced Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Non Current Liabilities Total	+ 1.0	Long Term Debt
Total Liab	+ 1.0	Non Current Liabilities Total
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets

Common Stock Total Equity	- 0.87	Cash And Short Term Investments
Common Stock Total Equity	- 0.87	Cash
Common Stock Total Equity	- 0.81	Retained Earnings
Property Plant And Equipment Gross	- 0.77	Common Stock Total Equity
Common Stock Total Equity	- 0.66	Other Liab
Common Stock Total Equity	- 0.58	Property Plant And Equipment Net