Arts Property Plant And Equipment Gross vs Common Stock Total Equity Analysis

ARTW Stock  USD 1.59  0.01  0.63%   
Arts Way financial indicator trend analysis is way more than just evaluating Arts Way Manufacturing prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Arts Way Manufacturing is a good investment. Please check the relationship between Arts Way Property Plant And Equipment Gross and its Common Stock Total Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Arts Way Manufacturing Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Property Plant And Equipment Gross vs Common Stock Total Equity

Property Plant And Equipment Gross vs Common Stock Total Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Arts Way Manufacturing Property Plant And Equipment Gross account and Common Stock Total Equity. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Arts Way's Property Plant And Equipment Gross and Common Stock Total Equity is 0.46. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Arts Way Manufacturing Co, assuming nothing else is changed. The correlation between historical values of Arts Way's Property Plant And Equipment Gross and Common Stock Total Equity 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 And Equipment Gross of Arts Way Manufacturing Co are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Property Plant And Equipment Gross i.e., Arts Way's Property Plant And Equipment Gross and Common Stock Total Equity go up and down completely randomly.

Correlation Coefficient

0.46
Relationship DirectionPositive 
Relationship StrengthWeak

Property Plant And Equipment Gross

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Most indicators from Arts Way's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Arts Way Manufacturing 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 Arts Way Manufacturing Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
At this time, Arts Way's Tax Provision is fairly stable compared to the past year. Enterprise Value is likely to climb to about 14.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 3 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense453.9K590.0K531.0K385.3K
Depreciation And Amortization661.0K804.8K925.5K614.8K

Arts Way fundamental ratios Correlations

0.910.170.440.940.890.850.880.340.950.340.580.440.860.98-0.050.620.870.240.980.450.22-0.37-0.140.770.59
0.910.230.630.750.780.980.670.120.870.120.740.50.810.870.050.660.950.460.890.590.17-0.12-0.080.750.55
0.170.230.26-0.050.020.14-0.10.490.070.490.340.090.450.10.540.330.470.230.23-0.31-0.020.24-0.30.42-0.05
0.440.630.260.180.080.680.01-0.260.45-0.260.80.840.170.370.38-0.040.720.770.410.750.460.520.430.090.65
0.940.75-0.050.180.910.680.980.410.90.410.330.260.770.96-0.230.550.65-0.010.920.360.18-0.61-0.180.680.5
0.890.780.020.080.910.730.910.340.880.340.30.110.870.87-0.20.720.66-0.050.840.23-0.17-0.57-0.390.820.36
0.850.980.140.680.680.730.57-0.060.87-0.060.770.580.720.80.040.550.920.470.80.650.11-0.030.00.650.61
0.880.67-0.10.010.980.910.570.470.820.470.180.090.760.92-0.280.60.54-0.110.880.250.14-0.7-0.260.690.36
0.340.120.49-0.260.410.34-0.060.470.171.0-0.21-0.340.480.39-0.070.440.18-0.380.44-0.30.01-0.61-0.540.38-0.25
0.950.870.070.450.90.880.870.820.170.170.590.540.780.9-0.090.480.820.20.870.450.06-0.31-0.080.70.71
0.340.120.49-0.260.410.34-0.060.471.00.17-0.21-0.340.480.39-0.070.440.18-0.380.44-0.30.01-0.61-0.540.38-0.25
0.580.740.340.80.330.30.770.18-0.210.59-0.210.810.480.470.130.250.820.680.550.470.30.40.230.470.69
0.440.50.090.840.260.110.580.09-0.340.54-0.340.810.120.340.14-0.250.590.590.350.560.380.420.530.090.91
0.860.810.450.170.770.870.720.760.480.780.480.480.120.82-0.010.860.80.120.860.04-0.08-0.37-0.440.970.27
0.980.870.10.370.960.870.80.920.390.90.390.470.340.82-0.080.630.80.180.990.460.29-0.47-0.130.730.5
-0.050.050.540.38-0.23-0.20.04-0.28-0.07-0.09-0.070.130.14-0.01-0.08-0.10.230.51-0.03-0.010.210.530.04-0.02-0.04
0.620.660.33-0.040.550.720.550.60.440.480.440.25-0.250.860.63-0.10.580.00.68-0.01-0.16-0.4-0.510.86-0.14
0.870.950.470.720.650.660.920.540.180.820.180.820.590.80.80.230.580.550.850.490.220.06-0.040.730.58
0.240.460.230.77-0.01-0.050.47-0.11-0.380.2-0.380.680.590.120.180.510.00.550.250.480.470.670.450.170.46
0.980.890.230.410.920.840.80.880.440.870.440.550.350.860.99-0.030.680.850.250.430.31-0.39-0.170.780.48
0.450.59-0.310.750.360.230.650.25-0.30.45-0.30.470.560.040.46-0.01-0.010.490.480.430.440.10.37-0.070.48
0.220.17-0.020.460.18-0.170.110.140.010.060.010.30.38-0.080.290.21-0.160.220.470.310.440.180.56-0.110.28
-0.37-0.120.240.52-0.61-0.57-0.03-0.7-0.61-0.31-0.610.40.42-0.37-0.470.53-0.40.060.67-0.390.10.180.53-0.290.19
-0.14-0.08-0.30.43-0.18-0.390.0-0.26-0.54-0.08-0.540.230.53-0.44-0.130.04-0.51-0.040.45-0.170.370.560.53-0.360.5
0.770.750.420.090.680.820.650.690.380.70.380.470.090.970.73-0.020.860.730.170.78-0.07-0.11-0.29-0.360.27
0.590.55-0.050.650.50.360.610.36-0.250.71-0.250.690.910.270.5-0.04-0.140.580.460.480.480.280.190.50.27
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Arts Way Account Relationship Matchups

Arts Way fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets18.8M20.9M23.9M24.4M28.1M19.6M
Short Long Term Debt Total5.2M7.0M7.7M8.1M9.4M6.2M
Other Current Liab1.6M1.4M2.6M2.3M2.1M1.5M
Total Current Liabilities6.2M7.7M9.3M9.4M10.8M6.2M
Total Stockholder Equity9.9M10.4M11.2M11.6M13.4M10.3M
Property Plant And Equipment Net5.7M5.8M6.6M5.1M5.8M5.0M
Net Debt5.2M7.0M7.7M8.1M9.4M5.0M
Retained Earnings6.4M6.7M6.8M7.0M8.1M8.3M
Cash2.7K2.7K5.1K4.0K3.6K3.4K
Non Current Assets Total8.5M8.7M9.8M9.3M10.7M6.0M
Cash And Short Term Investments2.7K2.7K5.1K4.0K3.6K3.4K
Net Receivables2.5M2.8M2.7M3.7M4.3M2.5M
Common Stock Shares Outstanding4.4M4.5M4.7M5.0M5.8M3.7M
Liabilities And Stockholders Equity18.8M20.9M23.9M24.4M28.1M19.6M
Non Current Liabilities Total2.7M2.8M3.5M3.4M3.9M3.1M
Inventory7.8M9.2M10.6M11.0M12.7M9.7M
Other Current Assets61.3K121.2K794.5K328.6K295.8K346.6K
Other Stockholder Equity3.4M3.7M4.3M4.6M5.3M9.3M
Total Liab8.9M10.5M12.8M12.8M14.7M9.3M
Property Plant And Equipment Gross5.2M20.3M21.6M18.6M21.4M22.5M
Total Current Assets10.3M12.2M14.1M15.1M17.3M13.6M
Short Term Debt2.5M4.2M4.2M4.8M5.5M3.1M
Non Currrent Assets Other93.8K299.0K630.2K1.7M2.0M2.1M
Accounts Payable2.0M1.7M2.5M2.3M2.0M2.1M
Other Assets1.9M3.3M2.9M2.7M3.1M3.2M
Long Term Debt2.7M2.6M2.9M2.6M3.0M3.9M
Common Stock44.7K45.8K50.1K51.1K58.7K37.9K
Property Plant Equipment5.4M5.2M5.8M7.2M8.2M6.0M
Net Tangible Assets11.8M9.9M10.4M11.2M10.0M11.7M
Current Deferred Revenue474.5K559.3K1.2M3.7K4.2K4.0K

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