Atlas Days Payables Outstanding vs Free Cash Flow Yield Analysis

AEP Stock  CAD 1.16  0.01  0.85%   
Atlas Engineered financial indicator trend analysis is way more than just evaluating Atlas Engineered Products prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Atlas Engineered Products is a good investment. Please check the relationship between Atlas Engineered Days Payables Outstanding and its Free Cash Flow Yield accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atlas Engineered Products. 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.

Days Payables Outstanding vs Free Cash Flow Yield

Days Payables Outstanding vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Atlas Engineered Products Days Payables Outstanding account and Free Cash Flow Yield. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Atlas Engineered's Days Payables Outstanding and Free Cash Flow Yield is -0.06. Overlapping area represents the amount of variation of Days Payables Outstanding that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Atlas Engineered Products, assuming nothing else is changed. The correlation between historical values of Atlas Engineered's Days Payables Outstanding and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Payables Outstanding of Atlas Engineered Products are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Days Payables Outstanding i.e., Atlas Engineered's Days Payables Outstanding and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.06
Relationship DirectionNegative 
Relationship StrengthInsignificant

Days Payables Outstanding

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.
Most indicators from Atlas Engineered's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Atlas Engineered 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Atlas Engineered Products. 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.
At this time, Atlas Engineered's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to climb to about 3.8 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.06 in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense424.0K673.9K775.0K813.7K
Depreciation And Amortization2.7M3.2M3.7M3.9M

Atlas Engineered fundamental ratios Correlations

0.970.970.720.980.950.87-0.020.90.30.930.970.90.930.950.950.980.990.66-0.530.970.980.440.010.83-0.68
0.970.920.830.920.970.80.20.890.430.830.990.870.830.920.910.940.930.64-0.571.00.90.61-0.120.89-0.62
0.970.920.690.970.90.9-0.110.860.260.930.920.880.930.940.950.950.980.63-0.470.940.970.390.10.79-0.65
0.720.830.690.60.760.60.570.630.780.470.830.640.460.750.740.610.670.54-0.530.850.590.93-0.170.9-0.31
0.980.920.970.60.910.88-0.180.880.160.970.920.880.970.920.920.980.990.65-0.480.921.00.280.080.74-0.71
0.950.970.90.760.910.840.160.870.340.830.970.860.830.90.90.940.920.64-0.660.960.890.52-0.150.85-0.62
0.870.80.90.60.880.84-0.150.710.230.840.810.820.840.890.90.830.90.75-0.650.820.890.310.130.71-0.56
-0.020.2-0.110.57-0.180.16-0.150.050.78-0.370.210.06-0.370.090.07-0.09-0.120.03-0.280.21-0.220.76-0.490.440.3
0.90.890.860.630.880.870.710.050.280.820.880.780.820.850.830.90.880.51-0.480.880.870.39-0.340.71-0.54
0.30.430.260.780.160.340.230.780.28-0.040.450.29-0.040.480.430.180.250.21-0.350.470.140.8-0.20.680.11
0.930.830.930.470.970.830.84-0.370.82-0.040.830.791.00.820.820.940.950.59-0.380.830.980.150.160.59-0.76
0.970.990.920.830.920.970.810.210.880.450.830.890.820.940.940.940.940.64-0.571.00.90.59-0.090.91-0.6
0.90.870.880.640.880.860.820.060.780.290.790.890.790.910.950.890.890.74-0.50.880.870.370.070.8-0.54
0.930.830.930.460.970.830.84-0.370.82-0.041.00.820.790.820.820.940.950.59-0.380.830.980.150.160.59-0.76
0.950.920.940.750.920.90.890.090.850.480.820.940.910.820.990.910.950.66-0.570.940.920.460.010.87-0.54
0.950.910.950.740.920.90.90.070.830.430.820.940.950.820.990.910.940.69-0.560.940.920.450.060.87-0.54
0.980.940.950.610.980.940.83-0.090.90.180.940.940.890.940.910.910.970.6-0.480.930.970.310.020.77-0.71
0.990.930.980.670.990.920.9-0.120.880.250.950.940.890.950.950.940.970.69-0.510.940.990.360.070.77-0.7
0.660.640.630.540.650.640.750.030.510.210.590.640.740.590.660.690.60.69-0.460.650.650.380.070.57-0.44
-0.53-0.57-0.47-0.53-0.48-0.66-0.65-0.28-0.48-0.35-0.38-0.57-0.5-0.38-0.57-0.56-0.48-0.51-0.46-0.57-0.47-0.420.32-0.530.22
0.971.00.940.850.920.960.820.210.880.470.831.00.880.830.940.940.930.940.65-0.570.910.62-0.080.91-0.6
0.980.90.970.591.00.890.89-0.220.870.140.980.90.870.980.920.920.970.990.65-0.470.910.280.110.72-0.72
0.440.610.390.930.280.520.310.760.390.80.150.590.370.150.460.450.310.360.38-0.420.620.28-0.270.74-0.06
0.01-0.120.1-0.170.08-0.150.13-0.49-0.34-0.20.16-0.090.070.160.010.060.020.070.070.32-0.080.11-0.270.01-0.07
0.830.890.790.90.740.850.710.440.710.680.590.910.80.590.870.870.770.770.57-0.530.910.720.740.01-0.28
-0.68-0.62-0.65-0.31-0.71-0.62-0.560.3-0.540.11-0.76-0.6-0.54-0.76-0.54-0.54-0.71-0.7-0.440.22-0.6-0.72-0.06-0.07-0.28
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Atlas Engineered Account Relationship Matchups

Atlas Engineered fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets26.8M27.1M35.8M50.5M58.1M61.0M
Short Long Term Debt Total13.1M9.2M9.4M15.2M17.5M18.4M
Other Current Liab1.7M1.3M3.1M3.2M3.7M3.8M
Total Current Liabilities12.3M5.3M6.8M6.9M7.9M8.3M
Total Stockholder Equity8.2M12.9M19.8M28.9M33.2M34.9M
Property Plant And Equipment Net9.6M8.1M8.5M11.9M13.7M14.4M
Current Deferred Revenue94.5K148.5K411.1K375.6K432.0K453.6K
Net Debt11.6M7.4M442.8K(872.9K)(785.6K)(746.3K)
Retained Earnings(8.0M)(7.7M)(778.1K)8.1M7.2M7.6M
Accounts Payable1.7M1.9M1.3M573.3K659.2K655.3K
Cash1.6M1.8M8.9M16.1M18.5M19.5M
Non Current Assets Total19.5M17.3M16.5M23.6M27.1M28.5M
Cash And Short Term Investments1.6M1.8M8.9M16.1M18.5M19.5M
Net Receivables3.4M5.4M6.7M5.8M6.7M7.0M
Common Stock Shares Outstanding45.9M56.5M77.1M63.1M72.6M76.2M
Liabilities And Stockholders Equity26.8M27.1M35.8M50.5M58.1M61.0M
Non Current Liabilities Total6.2M8.9M9.2M14.8M17.0M17.8M
Inventory1.9M2.3M3.4M4.6M5.3M5.5M
Other Current Assets431.7K284.7K259.1K362.7K417.1K438.0K
Other Stockholder Equity1.3M1.4M1.5M1.4M1.3M1.2M
Total Liab18.5M14.2M16.0M21.6M24.9M26.1M
Total Current Assets7.2M9.8M19.3M26.9M30.9M32.5M
Short Term Debt8.8M1.9M1.9M2.7M3.1M2.5M
Common Stock14.8M19.2M19.1M19.4M22.3M17.1M
Intangible Assets5.2M4.6M3.9M4.6M5.3M3.3M
Net Tangible Assets(707.7K)4.6M12.1M17.6M20.2M21.2M
Other Assets979.0K840.8K289.4K406.8K366.1K347.8K
Short Long Term Debt7.7M1.0M952.0K1.8M2.1M2.9M
Property Plant Equipment9.6M8.1M8.5M11.9M13.7M7.3M
Capital Lease Obligations3.4M2.2M2.4M1.8M1.6M2.1M
Net Invested Capital18.0M19.9M26.8M42.4M48.7M51.1M
Net Working Capital(5.1M)4.5M12.5M20.0M23.0M24.2M
Other Liab1.9M1.6M1.7M2.2M2.6M2.1M
Capital Stock14.8M19.2M19.1M19.4M22.3M19.1M
Non Current Liabilities Other134.7K100.3K65.9K31.5K28.4K26.9K

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