Alpha Accounts Payable vs Total Current Assets Analysis

ATGL Stock   12.03  0.91  8.18%   
Alpha Technology financial indicator trend analysis is way more than just evaluating Alpha Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alpha Technology is a good investment. Please check the relationship between Alpha Technology Accounts Payable and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alpha Technology Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Accounts Payable vs Total Current Assets

JavaScript chart by amCharts 3.21.152014201620182020202220241.1M1,120K1,140K1,160K1,180K1.2M1,220K1,240K1,260K1,280K1.3M1,320K1,340K 6M8M10M12M14M16M18M20M22M24M26M28M
JavaScript chart by amCharts 3.21.15Accounts Payabletotal: 15.8MTotal Current Assetstotal: 124.1M

Accounts Payable vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alpha Technology Accounts Payable account and Total Current Assets. At this time, the significance of the direction appears to have pay attention.
Accounts PayableTotal Current AssetsDiversified AwayAccounts PayableTotal Current AssetsDiversified Away100%
The correlation between Alpha Technology's Accounts Payable and Total Current Assets is -0.8. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Alpha Technology Group, assuming nothing else is changed. The correlation between historical values of Alpha Technology's Accounts Payable 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 Accounts Payable of Alpha Technology Group 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 Accounts Payable i.e., Alpha Technology's Accounts Payable and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.8
Relationship DirectionNegative 
Relationship StrengthSignificant

Accounts Payable

An accounting item on the balance sheet that represents Alpha Technology obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Alpha Technology are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

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 Alpha Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alpha Technology 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 Technology Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
At this time, Alpha Technology's Tax Provision is quite stable compared to the past year. Issuance Of Capital Stock is expected to rise to about 12.1 M this year, although the value of Selling General Administrative will most likely fall to about 3.9 M.
 2021 2022 2023 2024 (projected)
Interest Expense86.6K74.6K85.8K76.6K
Depreciation And Amortization137.6K770.2K885.7K930.0K

Alpha Technology fundamental ratios Correlations

-0.941.00.91.0-0.910.8-0.93-0.94-0.80.891.0-0.920.89-0.9-0.8-0.92-0.891.00.910.99-0.890.731.01.00.94
-0.94-0.94-0.98-0.911.0-0.940.990.990.64-0.99-0.931.0-0.990.990.641.00.99-0.95-0.97-0.910.92-0.87-0.95-0.94-0.8
1.0-0.940.91.0-0.910.79-0.93-0.94-0.80.881.0-0.920.88-0.9-0.8-0.92-0.881.00.90.99-0.880.721.01.00.95
0.9-0.980.90.88-0.980.9-0.94-0.93-0.520.980.9-0.970.98-0.96-0.52-0.97-0.950.911.00.88-0.810.80.910.90.79
1.0-0.911.00.88-0.880.74-0.9-0.91-0.790.851.0-0.890.85-0.87-0.79-0.89-0.840.990.891.0-0.840.660.991.00.97
-0.911.0-0.91-0.98-0.88-0.960.990.980.58-0.99-0.91.0-0.991.00.581.00.99-0.92-0.97-0.870.9-0.88-0.92-0.91-0.75
0.8-0.940.790.90.74-0.96-0.95-0.93-0.530.960.78-0.960.96-0.97-0.53-0.96-0.980.80.890.73-0.920.980.810.780.56
-0.930.99-0.93-0.94-0.90.99-0.951.00.67-0.97-0.920.99-0.970.990.670.990.99-0.94-0.94-0.890.94-0.9-0.94-0.93-0.77
-0.940.99-0.94-0.93-0.910.98-0.931.00.67-0.96-0.930.98-0.960.980.670.980.98-0.95-0.93-0.910.93-0.87-0.95-0.94-0.79
-0.80.64-0.8-0.52-0.790.58-0.530.670.67-0.56-0.790.61-0.560.611.00.610.59-0.79-0.53-0.790.82-0.59-0.8-0.79-0.75
0.89-0.990.880.980.85-0.990.96-0.97-0.96-0.560.87-0.991.0-0.99-0.56-0.99-0.990.890.980.84-0.890.890.890.880.72
1.0-0.931.00.91.0-0.90.78-0.92-0.93-0.790.87-0.910.87-0.89-0.79-0.91-0.871.00.91.0-0.870.71.01.00.95
-0.921.0-0.92-0.97-0.891.0-0.960.990.980.61-0.99-0.91-0.991.00.611.00.99-0.93-0.97-0.880.91-0.89-0.93-0.91-0.76
0.89-0.990.880.980.85-0.990.96-0.97-0.96-0.561.00.87-0.99-0.99-0.56-0.99-0.990.890.980.84-0.890.890.890.880.72
-0.90.99-0.9-0.96-0.871.0-0.970.990.980.61-0.99-0.891.0-0.990.611.01.0-0.91-0.96-0.860.92-0.92-0.91-0.9-0.73
-0.80.64-0.8-0.52-0.790.58-0.530.670.671.0-0.56-0.790.61-0.560.610.610.59-0.79-0.53-0.790.82-0.59-0.8-0.79-0.75
-0.921.0-0.92-0.97-0.891.0-0.960.990.980.61-0.99-0.911.0-0.991.00.610.99-0.93-0.97-0.880.91-0.89-0.93-0.91-0.76
-0.890.99-0.88-0.95-0.840.99-0.980.990.980.59-0.99-0.870.99-0.991.00.590.99-0.89-0.95-0.830.93-0.93-0.9-0.88-0.7
1.0-0.951.00.910.99-0.920.8-0.94-0.95-0.790.891.0-0.930.89-0.91-0.79-0.93-0.890.910.99-0.890.741.01.00.94
0.91-0.970.91.00.89-0.970.89-0.94-0.93-0.530.980.9-0.970.98-0.96-0.53-0.97-0.950.910.88-0.810.790.910.90.8
0.99-0.910.990.881.0-0.870.73-0.89-0.91-0.790.841.0-0.880.84-0.86-0.79-0.88-0.830.990.88-0.830.650.991.00.97
-0.890.92-0.88-0.81-0.840.9-0.920.940.930.82-0.89-0.870.91-0.890.920.820.910.93-0.89-0.81-0.83-0.93-0.9-0.87-0.7
0.73-0.870.720.80.66-0.880.98-0.9-0.87-0.590.890.7-0.890.89-0.92-0.59-0.89-0.930.740.790.65-0.930.740.710.46
1.0-0.951.00.910.99-0.920.81-0.94-0.95-0.80.891.0-0.930.89-0.91-0.8-0.93-0.91.00.910.99-0.90.741.00.93
1.0-0.941.00.91.0-0.910.78-0.93-0.94-0.790.881.0-0.910.88-0.9-0.79-0.91-0.881.00.91.0-0.870.711.00.95
0.94-0.80.950.790.97-0.750.56-0.77-0.79-0.750.720.95-0.760.72-0.73-0.75-0.76-0.70.940.80.97-0.70.460.930.95
Click cells to compare fundamentals

Alpha Technology Account Relationship Matchups

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When determining whether Alpha Technology is a strong investment it is important to analyze Alpha Technology'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 Alpha Technology's future performance. For an informed investment choice regarding Alpha Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alpha Technology Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Is IT Consulting & Other Services space 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 Alpha Technology. If investors know Alpha 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 Alpha Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.08)
Revenue Per Share
0.448
Quarterly Revenue Growth
0.087
Return On Assets
(0.10)
Return On Equity
(0.25)
The market value of Alpha Technology is measured differently than its book value, which is the value of Alpha that is recorded on the company's balance sheet. Investors also form their own opinion of Alpha Technology's value that differs from its market value or its book value, called intrinsic value, which is Alpha Technology'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 Alpha Technology's market value can be influenced by many factors that don't directly affect Alpha Technology'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 Alpha Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alpha Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alpha Technology'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.

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