Aurora Current Deferred Revenue vs Total Current Assets Analysis
ACB Stock | CAD 6.21 0.07 1.14% |
Aurora Cannabis financial indicator trend analysis is way more than just evaluating Aurora Cannabis prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aurora Cannabis is a good investment. Please check the relationship between Aurora Cannabis Current Deferred Revenue and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Cannabis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Aurora Stock, please use our How to Invest in Aurora Cannabis guide.
Current Deferred Revenue vs Total Current Assets
Current Deferred Revenue vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aurora Cannabis Current Deferred Revenue account and Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Aurora Cannabis' Current Deferred Revenue and Total Current Assets is 0.85. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Aurora Cannabis, assuming nothing else is changed. The correlation between historical values of Aurora Cannabis' Current Deferred Revenue and Total Current 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 Current Deferred Revenue of Aurora Cannabis are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Current Deferred Revenue i.e., Aurora Cannabis' Current Deferred Revenue and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.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.Most indicators from Aurora Cannabis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aurora Cannabis 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Cannabis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Aurora Stock, please use our How to Invest in Aurora Cannabis guide.At this time, Aurora Cannabis' Enterprise Value Over EBITDA is very stable compared to the past year. As of the 29th of December 2024, Enterprise Value Multiple is likely to grow to 13.78, while Selling General Administrative is likely to drop about 66.4 M.
Aurora Cannabis fundamental ratios Correlations
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Aurora Cannabis Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aurora Cannabis fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.8B | 2.6B | 1.1B | 926.3M | 838.7M | 978.8M | |
Other Current Liab | (81.3M) | 40.0M | 79.5M | 44.4M | 21.0M | 10.8M | |
Total Current Liabilities | 272.8M | 116.4M | 145.2M | 237.7M | 124.6M | 88.5M | |
Total Stockholder Equity | 2.2B | 2.0B | 661.8M | 490.6M | 559.8M | 738.4M | |
Net Debt | 369.1M | (21.9M) | (168.3M) | (73.3M) | (8.6M) | (8.2M) | |
Retained Earnings | (3.6B) | (4.3B) | (6.0B) | (6.3B) | (6.4B) | (6.0B) | |
Accounts Payable | 95.6M | 13.3M | 13.9M | 21.9M | 20.3M | 16.1M | |
Cash | 162.2M | 421.5M | 437.8M | 300.8M | 113.4M | 113.9M | |
Non Current Assets Total | 2.4B | 1.9B | 339.2M | 446.4M | 412.1M | 744.6M | |
Non Currrent Assets Other | (2.3B) | (42.5M) | (305.4M) | 14.1M | 12.0M | 12.6M | |
Cash And Short Term Investments | 169.2M | 425.2M | 439.1M | 300.8M | 117.5M | 128.4M | |
Net Receivables | 54.1M | 56.5M | 47.1M | 41.3M | 45.4M | 23.2M | |
Common Stock Shares Outstanding | 9.7M | 16.9M | 214.9M | 32.3M | 43.2M | 24.8M | |
Liabilities And Stockholders Equity | 2.8B | 2.6B | 1.1B | 926.3M | 838.7M | 978.8M | |
Other Stockholder Equity | (41.8M) | (65.5M) | (54.5M) | (1.0) | (0.9) | (0.94) | |
Total Liab | 657.2M | 567.0M | 422.0M | 404.6M | 236.8M | 236.8M | |
Total Current Assets | 420.7M | 665.9M | 745.1M | 479.9M | 426.6M | 234.2M | |
Accumulated Other Comprehensive Income | (41.8M) | (65.5M) | (54.5M) | (58.3M) | (43.7M) | (41.5M) | |
Property Plant And Equipment Net | 946.4M | 606.1M | 233.5M | 323.0M | 294.3M | 225.4M | |
Other Current Assets | 22.1M | 11.2M | 6.5M | 8.9M | 9.4M | 8.2M | |
Property Plant And Equipment Gross | 946.4M | 1.1B | 709.4M | 562.0M | 646.3M | 678.6M | |
Short Term Investments | 7.1M | 3.8M | 1.3M | 0.0 | 4.0M | 3.8M | |
Short Term Debt | 152.6M | 40.9M | 33.0M | 147.6M | 57.2M | 59.1M | |
Common Stock | 5.8B | 6.4B | 6.8B | 6.8B | 7.0B | 3.6B | |
Short Long Term Debt Total | 531.2M | 399.6M | 269.5M | 227.5M | 104.8M | 99.6M | |
Net Tangible Assets | 506.6M | 792.0M | 774.7M | 588.0M | 676.2M | 415.8M | |
Current Deferred Revenue | 3.5M | 4.2M | 3.9M | 1.7M | 1.7M | 2.0M | |
Other Assets | 57.8M | 77.3M | 33.9M | 38.5M | 44.3M | 47.2M | |
Short Long Term Debt | 152.6M | 34.7M | 26.9M | 52.4M | 60.2M | 65.1M | |
Intangible Assets | 412.3M | 367.4M | 70.7M | 61.4M | 40.9M | 38.8M | |
Property Plant Equipment | 928.2M | 598.3M | 230.3M | 323.0M | 371.4M | 345.8M | |
Long Term Debt | 294.9M | 293.2M | 199.7M | 36.2M | 4.9M | 4.7M | |
Long Term Debt Total | 378.6M | 358.6M | 236.5M | 80.0M | 92.0M | 87.4M | |
Non Current Liabilities Total | 384.4M | 450.7M | 276.8M | 166.9M | 112.2M | 106.6M | |
Inventory | 157.3M | 137.7M | 139.9M | 128.8M | 186.4M | 107.2M | |
Long Term Investments | 118.8M | 18.1M | 289K | 1.2M | 1.1M | 1.0M | |
Other Liab | 280.3M | 5.8M | 92.0M | 40.3M | 36.3M | 65.7M | |
Good Will | 928.4M | 887.7M | 0.0 | 18.7M | 43.2M | 41.0M |
Pair Trading with Aurora Cannabis
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 Aurora Cannabis 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 Aurora Cannabis will appreciate offsetting losses from the drop in the long position's value.Moving against Aurora Stock
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The ability to find closely correlated positions to Aurora Cannabis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aurora Cannabis 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 Aurora Cannabis - 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 Aurora Cannabis to buy it.
The correlation of Aurora Cannabis 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 Aurora Cannabis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aurora Cannabis 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 Aurora Cannabis 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Cannabis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Aurora Stock, please use our How to Invest in Aurora Cannabis 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.