Alpha Net Working Capital vs Net Invested Capital Analysis

APT Stock  USD 5.27  0.11  2.04%   
Alpha Pro financial indicator trend analysis is way more than just evaluating Alpha Pro Tech prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alpha Pro Tech is a good investment. Please check the relationship between Alpha Pro Net Working Capital and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alpha Pro Tech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Net Working Capital vs Net Invested Capital

Net Working Capital vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alpha Pro Tech Net Working Capital account and Net Invested Capital. At this time, the significance of the direction appears to have totally related.
The correlation between Alpha Pro's Net Working Capital and Net Invested Capital is 1.0. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Alpha Pro Tech, assuming nothing else is changed. The correlation between historical values of Alpha Pro's Net Working Capital and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of Alpha Pro Tech are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Net Working Capital i.e., Alpha Pro's Net Working Capital and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

1.0
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Working Capital

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Most indicators from Alpha Pro's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alpha Pro Tech 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 Alpha Pro Tech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
At this time, Alpha Pro's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.31 in 2024, whereas Selling General Administrative is likely to drop slightly above 12.8 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit25.3M21.7M22.8M18.0M
Total Revenue68.6M62.0M61.2M44.1M

Alpha Pro fundamental ratios Correlations

0.270.230.31.00.70.3-0.830.87-0.110.780.75-0.520.790.72-0.69-0.560.750.560.870.78-0.490.680.420.990.6
0.270.220.010.250.540.13-0.480.34-0.140.550.56-0.060.570.32-0.23-0.110.40.680.110.50.130.270.730.25-0.12
0.230.220.670.19-0.05-0.55-0.350.210.60.270.050.370.290.51-0.2-0.140.02-0.02-0.110.19-0.360.45-0.180.24-0.04
0.30.010.670.230.320.13-0.460.350.790.50.330.40.490.42-0.35-0.460.440.3-0.060.27-0.450.780.170.290.6
1.00.250.190.230.670.29-0.820.87-0.170.760.73-0.570.770.71-0.67-0.530.720.520.90.78-0.480.610.390.990.56
0.70.54-0.050.320.670.72-0.750.83-0.170.880.98-0.320.860.48-0.64-0.620.90.920.550.71-0.360.670.890.650.73
0.30.13-0.550.130.290.72-0.380.43-0.150.530.62-0.260.50.02-0.36-0.450.740.640.320.44-0.090.340.760.270.7
-0.83-0.48-0.35-0.46-0.82-0.75-0.38-0.87-0.09-0.96-0.790.36-0.97-0.680.60.49-0.82-0.62-0.63-0.860.41-0.62-0.59-0.84-0.53
0.870.340.210.350.870.830.43-0.87-0.190.870.91-0.40.870.65-0.81-0.710.810.640.710.79-0.70.60.550.850.65
-0.11-0.140.60.79-0.17-0.17-0.15-0.09-0.190.08-0.210.550.080.170.190.070.02-0.11-0.34-0.080.050.41-0.16-0.090.15
0.780.550.270.50.760.880.53-0.960.870.080.9-0.30.990.62-0.63-0.560.890.780.560.83-0.40.70.750.770.64
0.750.560.050.330.730.980.62-0.790.91-0.210.9-0.310.880.53-0.74-0.680.870.870.580.75-0.490.660.820.710.68
-0.52-0.060.370.4-0.57-0.32-0.260.36-0.40.55-0.3-0.31-0.32-0.210.01-0.15-0.41-0.28-0.81-0.52-0.080.04-0.18-0.57-0.14
0.790.570.290.490.770.860.5-0.970.870.080.990.88-0.320.64-0.62-0.540.910.790.580.86-0.390.710.740.790.6
0.720.320.510.420.710.480.02-0.680.650.170.620.53-0.210.64-0.44-0.330.560.390.520.59-0.370.560.290.740.36
-0.69-0.23-0.2-0.35-0.67-0.64-0.360.6-0.810.19-0.63-0.740.01-0.62-0.440.96-0.56-0.46-0.4-0.490.84-0.58-0.44-0.62-0.57
-0.56-0.11-0.14-0.46-0.53-0.62-0.450.49-0.710.07-0.56-0.68-0.15-0.54-0.330.96-0.54-0.45-0.25-0.370.83-0.62-0.44-0.48-0.67
0.750.40.020.440.720.90.74-0.820.810.020.890.87-0.410.910.56-0.56-0.540.840.630.85-0.320.70.780.740.74
0.560.68-0.020.30.520.920.64-0.620.64-0.110.780.87-0.280.790.39-0.46-0.450.840.40.64-0.130.690.910.520.57
0.870.11-0.11-0.060.90.550.32-0.630.71-0.340.560.58-0.810.580.52-0.4-0.250.630.40.7-0.260.340.290.890.43
0.780.50.190.270.780.710.44-0.860.79-0.080.830.75-0.520.860.59-0.49-0.370.850.640.7-0.290.50.590.790.41
-0.490.13-0.36-0.45-0.48-0.36-0.090.41-0.70.05-0.4-0.49-0.08-0.39-0.370.840.83-0.32-0.13-0.26-0.29-0.42-0.03-0.44-0.51
0.680.270.450.780.610.670.34-0.620.60.410.70.660.040.710.56-0.58-0.620.70.690.340.5-0.420.490.640.75
0.420.73-0.180.170.390.890.76-0.590.55-0.160.750.82-0.180.740.29-0.44-0.440.780.910.290.59-0.030.490.380.47
0.990.250.240.290.990.650.27-0.840.85-0.090.770.71-0.570.790.74-0.62-0.480.740.520.890.79-0.440.640.380.56
0.6-0.12-0.040.60.560.730.7-0.530.650.150.640.68-0.140.60.36-0.57-0.670.740.570.430.41-0.510.750.470.56
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Alpha Pro Account Relationship Matchups

Alpha Pro fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets38.1M68.8M67.9M64.8M68.8M35.3M
Other Current Liab920K3.7M367K(66K)442K419.9K
Total Current Liabilities2.3M5.9M2.7M2.4M2.6M2.8M
Total Stockholder Equity33.2M60.0M62.6M60.8M61.6M31.3M
Property Plant And Equipment Net6.2M7.9M8.7M7.5M10.4M10.9M
Net Debt(3.3M)(19.7M)(13.6M)(14.5M)(15.5M)(14.8M)
Retained Earnings32.4M59.5M62.5M62.1M46.6M48.9M
Accounts Payable501K2.0M528K674K802K820.1K
Cash6.5M23.3M16.3M16.3M20.4M21.4M
Non Current Assets Total11.1M13.5M14.9M12.2M15.7M16.5M
Non Currrent Assets Other(224K)(211K)(791K)(764K)(442K)(464.1K)
Cash And Short Term Investments6.9M23.3M16.3M16.3M20.4M21.4M
Net Receivables4.3M9.0M4.8M7.0M6.5M5.1M
Common Stock Total Equity143K135K129K123K110.7K161.8K
Common Stock Shares Outstanding13.2M14.0M13.5M12.8M11.9M16.3M
Short Term Investments343K258K335K5.5M6.4M6.7M
Liabilities And Stockholders Equity38.1M68.8M67.9M64.8M68.8M35.3M
Non Current Liabilities Total2.6M2.9M2.6M1.6M4.6M4.9M
Inventory11.3M16.7M25.0M24.4M20.1M12.6M
Other Current Assets898K6.1M6.9M4.9M6.0M6.3M
Other Stockholder Equity657K409K132K(1.5M)16.3M15.5M
Total Liab4.9M8.8M5.3M4.0M7.2M4.0M
Property Plant And Equipment Gross6.2M7.9M8.7M7.5M24.0M25.2M
Total Current Assets26.9M55.3M53.0M52.6M53.1M28.2M
Short Term Debt883K1.7M1.8M1.8M1.3M901.9K
Intangible Assets11K7K3K1K900.0855.0
Property Plant Equipment3.9M4.4M8.7M5.7M6.6M4.1M
Net Tangible Assets33.2M60.0M62.6M60.7M69.8M45.0M
Retained Earnings Total Equity29.4M32.4M59.5M62.1M71.4M75.0M
Long Term Investments4.8M5.5M6.1M4.7M5.2M4.4M
Other Liab224K211K791K764K687.6K605.7K
Net Invested Capital33.2M60.0M62.6M60.8M61.6M53.7M

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