Ava Total Assets vs Inventory Analysis

AVA Stock   0.14  0.01  7.69%   
Ava Risk financial indicator trend analysis is way more than just evaluating Ava Risk Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ava Risk Group is a good investment. Please check the relationship between Ava Risk Total Assets and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ava Risk 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 board of governors.

Total Assets vs Inventory

Total Assets vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ava Risk Group Total Assets account and Inventory. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ava Risk's Total Assets and Inventory is 0.69. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Inventory in the same time period over historical financial statements of Ava Risk Group, assuming nothing else is changed. The correlation between historical values of Ava Risk's Total Assets and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Ava Risk Group are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Total Assets i.e., Ava Risk's Total Assets and Inventory go up and down completely randomly.

Correlation Coefficient

0.69
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Assets

Total assets refers to the total amount of Ava Risk assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Ava Risk Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Inventory

Most indicators from Ava Risk's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ava Risk Group 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 Ava Risk 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 board of governors.
Issuance Of Capital Stock is likely to gain to about 5.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 8.9 M in 2024.
 2021 2022 2023 2024 (projected)
Cost Of Revenue14.7M22.9M12.1M12.7M
Total Revenue18.6M28.6M30.1M22.9M

Ava Risk fundamental ratios Correlations

0.80.830.990.350.410.710.190.860.690.030.830.720.930.590.610.480.69-0.58-0.460.75-0.560.70.890.44-0.6
0.80.920.720.290.460.590.270.70.43-0.20.890.760.760.290.660.250.37-0.51-0.450.67-0.40.590.760.39-0.77
0.830.920.730.50.670.380.340.680.620.020.990.810.840.440.680.450.5-0.27-0.620.86-0.590.380.820.51-0.66
0.990.720.730.260.310.780.150.860.650.010.720.630.890.590.550.440.69-0.65-0.380.66-0.520.770.850.37-0.55
0.350.290.50.260.26-0.21-0.30.240.550.350.560.580.40.330.230.890.420.43-0.50.76-0.2-0.190.540.88-0.23
0.410.460.670.310.260.050.710.180.270.340.630.290.550.060.460.110.08-0.05-0.620.48-0.680.050.360.01-0.16
0.710.590.380.78-0.210.050.180.680.1-0.220.340.260.520.150.27-0.060.24-0.960.060.13-0.141.00.47-0.05-0.46
0.190.270.340.15-0.30.710.18-0.040.090.050.26-0.160.28-0.10.28-0.33-0.1-0.28-0.29-0.04-0.460.160.06-0.480.05
0.860.70.680.860.240.180.68-0.040.44-0.030.680.630.670.540.30.420.62-0.54-0.150.59-0.270.670.660.45-0.49
0.690.430.620.650.550.270.10.090.440.110.660.610.770.770.610.720.830.06-0.660.78-0.590.080.790.58-0.32
0.03-0.20.020.010.350.34-0.220.05-0.030.110.04-0.040.09-0.080.060.180.010.24-0.180.19-0.34-0.230.070.00.25
0.830.890.990.720.560.630.340.260.680.660.040.850.840.480.670.520.54-0.22-0.620.9-0.580.330.830.58-0.67
0.720.760.810.630.580.290.26-0.160.630.61-0.040.850.660.470.620.550.48-0.13-0.380.89-0.530.260.770.71-0.86
0.930.760.840.890.40.550.520.280.670.770.090.840.660.570.760.490.68-0.39-0.750.8-0.680.510.930.41-0.51
0.590.290.440.590.330.060.15-0.10.540.77-0.080.480.470.570.190.620.95-0.01-0.380.58-0.230.150.540.51-0.13
0.610.660.680.550.230.460.270.280.30.610.060.670.620.760.190.170.25-0.25-0.680.63-0.760.250.740.18-0.65
0.480.250.450.440.890.11-0.06-0.330.420.720.180.520.550.490.620.170.690.32-0.490.72-0.18-0.040.590.91-0.14
0.690.370.50.690.420.080.24-0.10.620.830.010.540.480.680.950.250.69-0.06-0.460.64-0.240.230.670.57-0.14
-0.58-0.51-0.27-0.650.43-0.05-0.96-0.28-0.540.060.24-0.22-0.13-0.39-0.01-0.250.32-0.06-0.180.030.14-0.95-0.310.30.42
-0.46-0.45-0.62-0.38-0.5-0.620.06-0.29-0.15-0.66-0.18-0.62-0.38-0.75-0.38-0.68-0.49-0.46-0.18-0.650.560.06-0.65-0.370.14
0.750.670.860.660.760.480.13-0.040.590.780.190.90.890.80.580.630.720.640.03-0.65-0.60.120.850.75-0.61
-0.56-0.4-0.59-0.52-0.2-0.68-0.14-0.46-0.27-0.59-0.34-0.58-0.53-0.68-0.23-0.76-0.18-0.240.140.56-0.6-0.12-0.56-0.070.45
0.70.590.380.77-0.190.051.00.160.670.08-0.230.330.260.510.150.25-0.040.23-0.950.060.12-0.120.45-0.03-0.45
0.890.760.820.850.540.360.470.060.660.790.070.830.770.930.540.740.590.67-0.31-0.650.85-0.560.450.6-0.64
0.440.390.510.370.880.01-0.05-0.480.450.580.00.580.710.410.510.180.910.570.3-0.370.75-0.07-0.030.6-0.39
-0.6-0.77-0.66-0.55-0.23-0.16-0.460.05-0.49-0.320.25-0.67-0.86-0.51-0.13-0.65-0.14-0.140.420.14-0.610.45-0.45-0.64-0.39
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Ava Risk Account Relationship Matchups

Ava Risk fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets33.7M43.3M30.4M37.1M36.1M27.7M
Other Current Liab4.4M7.0M3.1M2.9M3.0M2.6M
Total Current Liabilities7.5M10.6M4.0M6.5M6.9M5.1M
Total Stockholder Equity25.4M32.0M25.9M29.3M27.9M22.0M
Other Liab354K379K319K634K729.1K765.6K
Accounts Payable2.3M3.4M786K1.5M1.6M2.1M
Cash7.7M17.3M15.2M5.5M5.1M7.9M
Other Assets1.04.4M96K75K86.3K81.9K
Net Receivables8.1M10.7M4.7M8.4M9.0M6.5M
Inventory3.9M3.1M3.3M7.5M6.6M3.7M
Other Current Assets568K495K400K670K738K717.1K
Total Liab8.3M11.2M4.5M7.8M8.1M5.6M
Intangible Assets12.0M10.8M6.0M13.6M6.7M5.0M
Common Stock58.3M59.1M50.8M53.8M57.9M48.9M
Property Plant Equipment1.3M805K740K1.4M1.6M1.0M
Property Plant And Equipment Net1.3M805K740K1.4M1.8M1.1M
Net Debt(7.0M)(16.9M)(14.9M)(2.7M)(2.1M)(2.2M)
Retained Earnings(30.6M)(24.1M)(22.6M)(23.6M)(29.3M)(30.7M)
Non Current Assets Total13.4M11.7M6.8M15.0M14.6M8.3M
Non Currrent Assets Other(5.4M)(5.0M)(2.1M)(9.5M)46K48.3K
Cash And Short Term Investments7.7M17.3M15.2M5.5M5.1M9.1M
Common Stock Shares Outstanding243.0M247.8M246.1M255.0M263.4M190.4M
Liabilities And Stockholders Equity33.7M43.3M30.4M37.1M36.1M30.8M
Non Current Liabilities Total762K599.0K472K1.3M1.2M1.3M
Other Stockholder Equity(27.7M)(35.0M)(28.2M)(30.2M)(1.0)(1.05)
Total Current Assets20.3M31.6M23.6M22.0M21.4M21.1M
Accumulated Other Comprehensive Income(2.3M)(2.9M)(2.3M)(959K)(726K)(762.3K)
Short Term Debt305K210K131K2.2M2.3M2.4M
Net Tangible Assets17.8M25.6M20.0M21.2M19.0M15.9M
Current Deferred Revenue452K431K218K225K278K383.5K
Deferred Long Term Liab4.4M4.4M4.6M5.5M6.3M3.7M
Property Plant And Equipment Gross1.3M5.1M5.2M6.3M7.2M7.5M
Long Term Debt Total408K220K153K660K759K797.0K
Net Invested Capital25.4M32.0M25.9M31.8M30.1M28.3M

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Additional Tools for Ava Stock Analysis

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