Avery Treasury Stock vs Total Assets Analysis

AVY Stock  USD 205.95  0.80  0.39%   
Avery Dennison financial indicator trend analysis is way more than just evaluating Avery Dennison Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avery Dennison Corp is a good investment. Please check the relationship between Avery Dennison Treasury Stock and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avery Dennison Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Treasury Stock vs Total Assets

Treasury Stock vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avery Dennison Corp Treasury Stock account and Total Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Avery Dennison's Treasury Stock and Total Assets is -0.61. Overlapping area represents the amount of variation of Treasury Stock that can explain the historical movement of Total Assets in the same time period over historical financial statements of Avery Dennison Corp, assuming nothing else is changed. The correlation between historical values of Avery Dennison's Treasury Stock and Total 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 Treasury Stock of Avery Dennison Corp are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Treasury Stock i.e., Avery Dennison's Treasury Stock and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.61
Relationship DirectionNegative 
Relationship StrengthWeak

Treasury Stock

Total Assets

Total assets refers to the total amount of Avery Dennison 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 Avery Dennison Corp 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.
Most indicators from Avery Dennison's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avery Dennison Corp 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 Avery Dennison Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
Sales General And Administrative To Revenue is likely to rise to 0.18 in 2024, whereas Selling General Administrative is likely to drop slightly above 995.2 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit2.3B2.4B2.3B1.5B
Total Revenue8.4B9.0B8.4B5.2B

Avery Dennison fundamental ratios Correlations

0.770.780.950.890.960.760.760.370.80.870.390.94-0.130.810.970.65-0.720.830.550.940.460.60.96-0.05-0.05
0.770.560.710.690.871.00.980.210.980.640.310.69-0.550.970.80.26-0.940.970.860.620.720.90.72-0.59-0.59
0.780.560.820.720.770.530.50.460.560.710.450.770.060.540.730.63-0.450.620.320.850.380.340.760.070.07
0.950.710.820.790.90.680.710.430.720.830.440.95-0.070.710.930.72-0.680.790.490.950.540.470.950.010.01
0.890.690.720.790.870.670.660.360.770.750.40.740.050.710.80.61-0.520.740.60.840.480.640.76-0.16-0.16
0.960.870.770.90.870.850.860.380.880.80.440.9-0.250.880.930.55-0.820.90.70.890.580.690.91-0.27-0.27
0.761.00.530.680.670.850.970.140.970.610.240.66-0.580.960.790.21-0.940.960.870.590.720.920.69-0.59-0.59
0.760.980.50.710.660.860.970.310.970.640.410.72-0.520.970.780.3-0.960.970.880.630.730.840.73-0.61-0.61
0.370.210.460.430.360.380.140.310.280.470.990.540.360.310.280.71-0.220.380.110.570.12-0.070.45-0.09-0.09
0.80.980.560.720.770.880.970.970.280.670.380.71-0.410.980.790.35-0.890.980.860.670.730.90.72-0.59-0.59
0.870.640.710.830.750.80.610.640.470.670.450.89-0.10.70.860.61-0.640.720.320.870.210.390.890.120.12
0.390.310.450.440.40.440.240.410.990.380.450.540.270.40.30.67-0.30.460.240.560.230.050.45-0.24-0.24
0.940.690.770.950.740.90.660.720.540.710.890.54-0.090.760.930.72-0.710.790.410.950.360.420.990.030.03
-0.13-0.550.06-0.070.05-0.25-0.58-0.520.36-0.41-0.10.27-0.09-0.44-0.310.560.68-0.37-0.510.13-0.34-0.59-0.160.440.44
0.810.970.540.710.710.880.960.970.310.980.70.40.76-0.440.810.35-0.910.980.80.680.610.840.76-0.54-0.54
0.970.80.730.930.80.930.790.780.280.790.860.30.93-0.310.810.52-0.80.820.580.870.430.620.97-0.03-0.03
0.650.260.630.720.610.550.210.30.710.350.610.670.720.560.350.52-0.170.450.110.830.190.00.660.190.19
-0.72-0.94-0.45-0.68-0.52-0.82-0.94-0.96-0.22-0.89-0.64-0.3-0.710.68-0.91-0.8-0.17-0.9-0.8-0.56-0.64-0.78-0.730.510.51
0.830.970.620.790.740.90.960.970.380.980.720.460.79-0.370.980.820.45-0.90.80.740.70.810.79-0.52-0.52
0.550.860.320.490.60.70.870.880.110.860.320.240.41-0.510.80.580.11-0.80.80.380.810.880.46-0.76-0.76
0.940.620.850.950.840.890.590.630.570.670.870.560.950.130.680.870.83-0.560.740.380.370.370.930.080.08
0.460.720.380.540.480.580.720.730.120.730.210.230.36-0.340.610.430.19-0.640.70.810.370.710.36-0.69-0.69
0.60.90.340.470.640.690.920.84-0.070.90.390.050.42-0.590.840.620.0-0.780.810.880.370.710.48-0.67-0.67
0.960.720.760.950.760.910.690.730.450.720.890.450.99-0.160.760.970.66-0.730.790.460.930.360.480.050.05
-0.05-0.590.070.01-0.16-0.27-0.59-0.61-0.09-0.590.12-0.240.030.44-0.54-0.030.190.51-0.52-0.760.08-0.69-0.670.051.0
-0.05-0.590.070.01-0.16-0.27-0.59-0.61-0.09-0.590.12-0.240.030.44-0.54-0.030.190.51-0.52-0.760.08-0.69-0.670.051.0
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Avery Dennison Account Relationship Matchups

Avery Dennison fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.5B6.1B8.0B8.0B8.2B4.1B
Short Long Term Debt Total1.9B2.1B3.1B3.1B3.2B3.4B
Other Current Liab734.9M679.8M783.4M785.7M730.8M456.9M
Total Current Liabilities2.3B1.9B2.5B2.8B2.7B1.4B
Total Stockholder Equity1.2B1.5B1.9B2.0B2.1B1.3B
Property Plant And Equipment Net1.2B1.3B1.5B1.5B1.8B1.1B
Net Debt1.7B1.9B2.9B2.9B3.0B3.2B
Retained Earnings3.0B3.3B3.9B4.4B4.7B4.9B
Cash253.7M252.3M162.7M167.2M215M225.8M
Non Current Assets Total3.1B3.7B5.2B5.2B5.4B5.7B
Non Currrent Assets Other646M759.7M786.9M725M540M379.6M
Cash And Short Term Investments253.7M252.3M162.7M167.2M250.1M262.6M
Net Receivables1.2B1.2B1.4B1.4B1.4B840.3M
Common Stock Shares Outstanding85M84.1M83.8M82.2M81.1M78.5M
Liabilities And Stockholders Equity5.5B6.1B8.0B8.0B8.2B4.1B
Non Current Liabilities Total2.0B2.7B3.5B3.1B3.4B3.6B
Inventory663M717.2M907.2M1.0B920.7M467.2M
Other Current Assets211.7M178.9M206.8M230.5M210.3M146.4M
Other Stockholder Equity(1.6B)(1.6B)(1.8B)(2.1B)(2.3B)(2.2B)
Total Liab4.3B4.6B6.0B5.9B6.1B6.4B
Property Plant And Equipment Gross1.3B1.3B1.5B3.7B4.0B4.2B
Total Current Assets2.3B2.4B2.7B2.8B2.8B1.6B
Accumulated Other Comprehensive Income(348.1M)(334.6M)(282.9M)(364M)(408.1M)(428.5M)
Short Term Debt440.2M109M366.1M598.6M804.1M844.3M
Intangible Assets126.5M224.9M911.4M840.3M953.6M1.0B
Accounts Payable1.1B1.1B1.3B1.3B1.3B687.3M
Other Liab432.8M620.9M713.4M501.4M576.6M608.4M
Other Assets580.5M977.7M966.4M925.6M1.1B663.7M
Long Term Debt1.5B2.1B2.8B2.5B2.6B1.4B
Treasury Stock(2.2B)(2.4B)(2.5B)(2.7B)(2.4B)(2.3B)
Property Plant Equipment1.2B1.3B1.5B1.5B1.4B966.8M
Current Deferred Revenue12.6M18.9M24.7M22.2M18.1M17.2M
Good Will930.8M1.1B1.9B1.9B2.0B1.2B
Net Tangible Assets678.4M744.5M(868.5M)(55.5M)(50.0M)(47.5M)
Retained Earnings Total Equity3.0B3.3B3.9B4.4B5.1B2.9B
Short Term Investments30.6M32.6M33.4M31.3M35.1M23.5M
Long Term Debt Total1.5B2.1B2.8B2.5B2.9B1.5B
Capital Surpluse874M862.1M862.3M879.3M1.0B920.9M
Short Long Term Debt440.2M64.7M318.8M598.6M622.2M340.1M

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