FARO Total Current Assets vs Non Current Assets Total Analysis

FARO Stock  USD 28.20  1.00  3.68%   
FARO Technologies financial indicator trend analysis is much more than just examining FARO Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether FARO Technologies is a good investment. Please check the relationship between FARO Technologies Total Current Assets and its Non Current Assets Total accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FARO Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in FARO Stock, please use our How to Invest in FARO Technologies guide.

Total Current Assets vs Non Current Assets Total

Total Current Assets vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of FARO Technologies Total Current Assets account and Non Current Assets Total. At this time, the significance of the direction appears to have very week relationship.
The correlation between FARO Technologies' Total Current Assets and Non Current Assets Total is 0.24. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of FARO Technologies, assuming nothing else is changed. The correlation between historical values of FARO Technologies' Total Current Assets and Non Current Assets Total 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 Current Assets of FARO Technologies are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Current Assets i.e., FARO Technologies' Total Current Assets and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.24
Relationship DirectionPositive 
Relationship StrengthVery Weak

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.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from FARO Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into FARO Technologies 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FARO Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in FARO Stock, please use our How to Invest in FARO Technologies guide.At this time, FARO Technologies' Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.14, while Tax Provision is likely to drop about 4.1 M.
 2021 2022 2023 2024 (projected)
Gross Profit183.9M175.8M165.0M123.1M
Total Revenue337.8M345.8M358.8M224.1M

FARO Technologies fundamental ratios Correlations

0.120.870.760.930.86-0.490.430.460.710.640.870.570.920.910.30.80.60.90.530.230.850.580.390.890.88
0.120.120.65-0.140.150.62-0.710.73-0.130.69-0.02-0.250.150.220.97-0.280.660.370.880.97-0.140.620.730.460.47
0.870.120.730.780.82-0.520.340.320.750.510.740.60.730.740.270.720.50.760.50.190.780.480.170.710.71
0.760.650.730.580.730.02-0.120.810.40.940.660.190.710.740.790.470.870.830.930.70.480.850.760.830.83
0.93-0.140.780.580.74-0.690.690.280.790.430.840.750.840.870.030.930.450.710.290.010.940.360.180.710.71
0.860.150.820.730.74-0.430.30.30.660.670.830.360.690.680.320.580.530.80.530.220.60.710.330.70.7
-0.490.62-0.520.02-0.69-0.43-0.870.44-0.860.19-0.5-0.83-0.26-0.340.51-0.660.26-0.140.310.52-0.720.120.51-0.09-0.08
0.43-0.710.34-0.120.690.3-0.87-0.370.63-0.230.530.710.320.3-0.60.7-0.180.04-0.41-0.540.68-0.21-0.380.050.04
0.460.730.320.810.280.30.44-0.37-0.080.810.32-0.120.610.590.810.220.910.660.850.770.20.660.890.70.71
0.71-0.130.750.40.790.66-0.860.63-0.080.210.630.870.450.58-0.020.650.10.440.18-0.030.820.25-0.170.430.43
0.640.690.510.940.430.670.19-0.230.810.210.64-0.080.60.590.830.280.850.760.920.730.240.950.890.740.75
0.87-0.020.740.660.840.83-0.50.530.320.630.640.390.750.690.190.730.50.710.420.110.660.610.410.660.66
0.57-0.250.60.190.750.36-0.830.71-0.120.87-0.080.390.410.59-0.190.70.020.26-0.03-0.130.89-0.12-0.340.350.34
0.920.150.730.710.840.69-0.260.320.610.450.60.750.410.90.310.780.670.890.510.270.770.50.490.90.9
0.910.220.740.740.870.68-0.340.30.590.580.590.690.590.90.360.780.680.870.560.340.850.440.420.920.92
0.30.970.270.790.030.320.51-0.60.81-0.020.830.19-0.190.310.36-0.110.760.520.960.97-0.010.760.820.580.6
0.8-0.280.720.470.930.58-0.660.70.220.650.280.730.70.780.78-0.110.330.580.15-0.140.890.190.080.580.57
0.60.660.50.870.450.530.26-0.180.910.10.850.50.020.670.680.760.330.720.860.730.350.70.850.760.77
0.90.370.760.830.710.8-0.140.040.660.440.760.710.260.890.870.520.580.720.70.410.610.680.580.960.95
0.530.880.50.930.290.530.31-0.410.850.180.920.42-0.030.510.560.960.150.860.70.90.220.840.840.730.74
0.230.970.190.70.010.220.52-0.540.77-0.030.730.11-0.130.270.340.97-0.140.730.410.90.010.640.770.540.55
0.85-0.140.780.480.940.6-0.720.680.20.820.240.660.890.770.85-0.010.890.350.610.220.010.160.00.670.66
0.580.620.480.850.360.710.12-0.210.660.250.950.61-0.120.50.440.760.190.70.680.840.640.160.780.610.62
0.390.730.170.760.180.330.51-0.380.89-0.170.890.41-0.340.490.420.820.080.850.580.840.770.00.780.620.63
0.890.460.710.830.710.7-0.090.050.70.430.740.660.350.90.920.580.580.760.960.730.540.670.610.621.0
0.880.470.710.830.710.7-0.080.040.710.430.750.660.340.90.920.60.570.770.950.740.550.660.620.631.0
Click cells to compare fundamentals

FARO Technologies Account Relationship Matchups

FARO Technologies fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets486.8M525.6M479.7M473.3M504.7M293.7M
Short Long Term Debt Total20.4M28.0M24.4M20.4M89.0M93.5M
Other Current Liab43.3M39.6M27.9M24.4M28.7M18.4M
Total Current Liabilities106.0M107.9M98.9M106.2M113.3M118.9M
Total Stockholder Equity332.0M360.3M326.5M311.0M268.6M219.8M
Property Plant And Equipment Net45.4M49.2M44.7M38.7M33.4M19.6M
Net Debt(113.3M)(157.7M)(97.6M)(17.5M)12.2M12.9M
Retained Earnings112.9M113.5M73.5M46.8M(9.8M)(9.3M)
Accounts Payable13.7M14.1M14.2M27.3M27.4M28.8M
Cash133.6M185.6M122.0M37.8M76.8M65.5M
Non Current Assets Total164.6M201.7M206.3M254.0M243.1M255.2M
Non Currrent Assets Other36.3M34.2M32.6M34.9M27.2M19.3M
Cash And Short Term Investments158.5M185.6M122.0M37.8M96.3M96.9M
Net Receivables76.2M64.6M78.5M90.3M92.0M52.5M
Common Stock Shares Outstanding17.4M17.9M18.2M18.3M18.9M16.4M
Liabilities And Stockholders Equity486.8M525.6M479.7M473.3M504.7M293.7M
Non Current Liabilities Total48.9M57.3M54.4M56.1M122.8M129.0M
Inventory58.6M47.4M53.1M50.0M34.5M35.7M
Other Current Assets29.0M26.3M19.8M41.2M38.8M40.7M
Other Stockholder Equity236.5M256.9M270.3M297.6M315.6M158.7M
Total Liab154.9M165.3M153.3M162.3M236.1M247.9M
Property Plant And Equipment Gross45.4M49.2M44.7M38.7M138.5M145.4M
Total Current Assets322.2M323.9M273.5M219.4M261.6M201.2M
Accumulated Other Comprehensive Income(17.4M)(10.2M)(17.4M)(33.3M)(37.2M)(35.4M)
Short Term Debt6.7M11.7M11.5M11.4M10.9M11.4M
Intangible Assets14.5M13.3M25.6M49.0M47.9M50.3M
Other Liab35.2M35.2M35.8M41.4M47.6M50.0M
Other Assets55.1M107.7M53.8M59.1M68.0M34.3M
Short Term Investments11.0M24.8M24.9M0.019.5M26.6M
Treasury Stock(31.6M)(31.4M)(31.0M)(30.8M)(27.7M)(26.3M)
Property Plant Equipment27.0M49.2M44.7M38.7M44.5M24.8M
Current Deferred Revenue42.3M42.0M46.2M43.1M40.6M23.9M
Good Will49.7M57.5M82.1M107.2M109.5M115.0M
Net Tangible Assets332.0M360.3M218.7M311.0M357.7M322.2M
Retained Earnings Total Equity112.9M113.5M73.5M46.8M42.1M40.0M
Capital Surpluse267.9M288.0M301.1M328.2M377.5M258.7M

Pair Trading with FARO Technologies

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if FARO Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in FARO Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving together with FARO Stock

  0.8ELSE Electro SensorsPairCorr

Moving against FARO Stock

  0.83ST Sensata TechnologiesPairCorr
  0.73WATT EnergousPairCorr
  0.67SVREW SaverOne 2014PairCorr
  0.62VPG Vishay PrecisionPairCorr
  0.38LUNA Luna InnovationsPairCorr
The ability to find closely correlated positions to FARO Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FARO Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back FARO Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling FARO Technologies to buy it.
The correlation of FARO Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FARO Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FARO Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for FARO Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether FARO Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of FARO Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Faro Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Faro Technologies Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FARO Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in FARO Stock, please use our How to Invest in FARO Technologies guide.
You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Is Electronic Equipment, Instruments & Components 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 FARO Technologies. If investors know FARO 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 FARO Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.33)
Revenue Per Share
18.152
Quarterly Revenue Growth
(0.05)
Return On Assets
0.013
Return On Equity
(0.03)
The market value of FARO Technologies is measured differently than its book value, which is the value of FARO that is recorded on the company's balance sheet. Investors also form their own opinion of FARO Technologies' value that differs from its market value or its book value, called intrinsic value, which is FARO Technologies' 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 FARO Technologies' market value can be influenced by many factors that don't directly affect FARO Technologies' 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 FARO Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if FARO Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FARO Technologies' 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.