Harmonic Asset Turnover vs Gross Profit Margin Analysis

HLIT Stock

USD 12.82 0.26 2.07%

Harmonic financial indicator trend analysis is much more than just examining Harmonic latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Harmonic is a good investment. Please check the relationship between Harmonic Asset Turnover and its Gross Profit Margin accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harmonic. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy Harmonic Stock please use our How to Invest in Harmonic guide.

Asset Turnover vs Gross Profit Margin

Asset Turnover vs Gross Profit Margin Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Harmonic Asset Turnover account and Gross Profit Margin. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Harmonic's Asset Turnover and Gross Profit Margin is -0.41. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Gross Profit Margin in the same time period over historical financial statements of Harmonic, assuming nothing else is changed. The correlation between historical values of Harmonic's Asset Turnover and Gross Profit Margin is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Harmonic are associated (or correlated) with its Gross Profit Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit Margin has no effect on the direction of Asset Turnover i.e., Harmonic's Asset Turnover and Gross Profit Margin go up and down completely randomly.

Correlation Coefficient

-0.41

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Gross Profit Margin

Most indicators from Harmonic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Harmonic 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harmonic. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy Harmonic Stock please use our How to Invest in Harmonic guide.At this time, Harmonic's Tax Provision is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 8.4 M in 2024, whereas Enterprise Value Multiple is likely to drop 34.77 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	259.7M	315.9M	312.5M	166.2M
Total Revenue	507.1M	625.0M	607.9M	360.1M

Gross Profit Total Revenue

Harmonic fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Non Currrent Assets Other	Non Current Liabilities Total	Short Long Term Debt Total	Short Term Debt	Intangible Assets	Short Term Investments	Other Liab
Total Assets		0.78	0.54	0.76	0.7	0.02	-0.8	0.65	0.68	0.78	0.57	0.7	0.97	0.72	0.63	0.89	0.61	0.35	0.9	0.39	0.26	0.76	0.3	0.33	-0.08	0.69
Other Current Liab	0.78		0.76	0.29	0.58	0.55	-0.83	0.78	0.38	0.87	0.07	0.73	0.68	0.57	0.37	0.79	0.86	0.44	0.53	0.75	0.54	0.86	0.46	0.0	-0.56	0.38
Total Current Liabilities	0.54	0.76		0.1	0.66	0.65	-0.55	0.77	0.29	0.8	-0.03	0.82	0.49	0.73	0.22	0.45	0.71	0.78	0.42	0.68	0.21	0.64	0.91	-0.33	-0.62	0.25
Total Stockholder Equity	0.76	0.29	0.1		0.32	-0.58	-0.45	0.13	0.49	0.43	0.83	0.49	0.84	0.51	0.65	0.64	-0.05	0.17	0.9	-0.25	-0.29	0.19	0.04	0.68	0.5	0.72
Property Plant And Equipment Net	0.7	0.58	0.66	0.32		0.29	-0.52	0.68	0.62	0.62	0.26	0.51	0.67	0.71	0.48	0.54	0.7	0.46	0.58	0.56	0.31	0.75	0.5	-0.12	-0.32	0.55
Net Debt	0.02	0.55	0.65	-0.58	0.29		-0.29	0.5	-0.1	0.45	-0.63	0.33	-0.13	0.11	-0.25	0.09	0.74	0.44	-0.29	0.78	0.61	0.53	0.53	-0.63	-0.91	-0.25
Retained Earnings	-0.8	-0.83	-0.55	-0.45	-0.52	-0.29		-0.55	-0.6	-0.86	-0.38	-0.67	-0.76	-0.37	-0.47	-0.96	-0.68	-0.33	-0.61	-0.51	-0.54	-0.8	-0.23	-0.07	0.43	-0.43
Accounts Payable	0.65	0.78	0.77	0.13	0.68	0.5	-0.55		0.48	0.6	0.06	0.51	0.55	0.74	0.25	0.52	0.84	0.3	0.48	0.82	0.42	0.83	0.52	-0.15	-0.49	0.21
Cash	0.68	0.38	0.29	0.49	0.62	-0.1	-0.6	0.48		0.45	0.71	0.38	0.7	0.44	0.48	0.65	0.45	0.21	0.73	0.26	0.36	0.59	0.11	0.01	-0.07	0.41
Non Current Assets Total	0.78	0.87	0.8	0.43	0.62	0.45	-0.86	0.6	0.45		0.28	0.91	0.73	0.53	0.46	0.8	0.69	0.71	0.62	0.53	0.41	0.73	0.59	0.03	-0.47	0.56
Cash And Short Term Investments	0.57	0.07	-0.03	0.83	0.26	-0.63	-0.38	0.06	0.71	0.28		0.31	0.68	0.31	0.57	0.52	-0.13	0.08	0.82	-0.3	-0.15	0.08	-0.09	0.52	0.56	0.65
Net Receivables	0.7	0.73	0.82	0.49	0.51	0.33	-0.67	0.51	0.38	0.91	0.31		0.68	0.62	0.43	0.64	0.48	0.84	0.65	0.32	0.09	0.51	0.75	0.04	-0.35	0.49
Common Stock Shares Outstanding	0.97	0.68	0.49	0.84	0.67	-0.13	-0.76	0.55	0.7	0.73	0.68	0.68		0.7	0.62	0.88	0.46	0.36	0.94	0.25	0.1	0.66	0.3	0.35	0.04	0.71
Inventory	0.72	0.57	0.73	0.51	0.71	0.11	-0.37	0.74	0.44	0.53	0.31	0.62	0.7		0.51	0.45	0.49	0.43	0.74	0.38	-0.13	0.5	0.66	0.11	-0.08	0.48
Other Current Assets	0.63	0.37	0.22	0.65	0.48	-0.25	-0.47	0.25	0.48	0.46	0.57	0.43	0.62	0.51		0.56	0.18	0.12	0.7	-0.02	0.05	0.25	0.07	0.61	0.15	0.7
Other Stockholder Equity	0.89	0.79	0.45	0.64	0.54	0.09	-0.96	0.52	0.65	0.8	0.52	0.64	0.88	0.45	0.56		0.59	0.25	0.74	0.4	0.42	0.77	0.14	0.24	-0.24	0.53
Total Liab	0.61	0.86	0.71	-0.05	0.7	0.74	-0.68	0.84	0.45	0.69	-0.13	0.48	0.46	0.49	0.18	0.59		0.34	0.29	0.91	0.75	0.94	0.42	-0.31	-0.74	0.18
Property Plant And Equipment Gross	0.35	0.44	0.78	0.17	0.46	0.44	-0.33	0.3	0.21	0.71	0.08	0.84	0.36	0.43	0.12	0.25	0.34		0.32	0.28	0.0	0.3	0.86	-0.31	-0.41	0.3
Total Current Assets	0.9	0.53	0.42	0.9	0.58	-0.29	-0.61	0.48	0.73	0.62	0.82	0.65	0.94	0.74	0.7	0.74	0.29	0.32		0.09	-0.05	0.46	0.28	0.46	0.24	0.74
Non Currrent Assets Other	0.39	0.75	0.68	-0.25	0.56	0.78	-0.51	0.82	0.26	0.53	-0.3	0.32	0.25	0.38	-0.02	0.4	0.91	0.28	0.09		0.67	0.83	0.41	-0.47	-0.75	-0.05
Non Current Liabilities Total	0.26	0.54	0.21	-0.29	0.31	0.61	-0.54	0.42	0.36	0.41	-0.15	0.09	0.1	-0.13	0.05	0.42	0.75	0.0	-0.05	0.67		0.67	-0.12	-0.23	-0.63	0.05
Short Long Term Debt Total	0.76	0.86	0.64	0.19	0.75	0.53	-0.8	0.83	0.59	0.73	0.08	0.51	0.66	0.5	0.25	0.77	0.94	0.3	0.46	0.83	0.67		0.32	-0.19	-0.61	0.27
Short Term Debt	0.3	0.46	0.91	0.04	0.5	0.53	-0.23	0.52	0.11	0.59	-0.09	0.75	0.3	0.66	0.07	0.14	0.42	0.86	0.28	0.41	-0.12	0.32		-0.41	-0.46	0.14
Intangible Assets	0.33	0.0	-0.33	0.68	-0.12	-0.63	-0.07	-0.15	0.01	0.03	0.52	0.04	0.35	0.11	0.61	0.24	-0.31	-0.31	0.46	-0.47	-0.23	-0.19	-0.41		0.68	0.62
Short Term Investments	-0.08	-0.56	-0.62	0.5	-0.32	-0.91	0.43	-0.49	-0.07	-0.47	0.56	-0.35	0.04	-0.08	0.15	-0.24	-0.74	-0.41	0.24	-0.75	-0.63	-0.61	-0.46	0.68		0.32
Other Liab	0.69	0.38	0.25	0.72	0.55	-0.25	-0.43	0.21	0.41	0.56	0.65	0.49	0.71	0.48	0.7	0.53	0.18	0.3	0.74	-0.05	0.05	0.27	0.14	0.62	0.32

Click cells to compare fundamentals

Harmonic Account Relationship Matchups

Harmonic fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	587.3M	591.5M	693.7M	710.0M	768.2M	475.5M
Other Current Liab	63.8M	50.3M	53.6M	66.7M	61.0M	49.6M
Total Current Liabilities	148.5M	147.3M	224.5M	322.1M	272.4M	286.0M
Total Stockholder Equity	254.9M	258.3M	296.8M	324.5M	436.9M	286.9M
Property Plant And Equipment Net	22.9M	70.7M	73.7M	65.3M	57.5M	34.2M
Net Debt	56.2M	52.7M	56.8M	71.2M	71.8M	75.4M
Retained Earnings	(2.1B)	(2.1B)	(2.1B)	(2.0B)	(2.0B)	(2.1B)
Accounts Payable	40.9M	23.5M	64.4M	67.5M	38.6M	26.7M
Cash	93.1M	98.6M	133.4M	89.6M	84.3M	76.2M
Non Current Assets Total	336.0M	353.5M	370.6M	362.3M	437.5M	459.3M
Cash And Short Term Investments	93.1M	98.6M	133.4M	89.6M	84.3M	122.7M
Net Receivables	88.5M	76.0M	96.6M	108.4M	146.3M	153.6M
Common Stock Shares Outstanding	89.6M	97.0M	106.2M	112.4M	117.4M	85.7M
Liabilities And Stockholders Equity	587.3M	591.5M	693.7M	710.0M	768.2M	475.5M
Inventory	29.0M	35.0M	71.2M	120.9M	84.0M	45.9M
Other Current Assets	15.2M	28.3M	21.9M	28.7M	16.2M	22.8M
Other Stockholder Equity	2.3B	2.4B	2.4B	2.4B	2.4B	2.0B
Total Liab	332.5M	333.2M	396.9M	385.5M	331.3M	188.6M
Property Plant And Equipment Gross	50.4M	70.7M	73.7M	65.3M	167.9M	176.3M
Total Current Assets	251.4M	238.0M	323.1M	347.7M	330.7M	266.8M
Accumulated Other Comprehensive Income	(3.1M)	5.9M	(3.3M)	(9.7M)	(5.7M)	(5.4M)
Non Currrent Assets Other	54.6M	38.6M	56.7M	59.3M	36.1M	22.5M
Non Current Liabilities Total	183.9M	185.9M	172.4M	63.4M	58.9M	71.7M
Short Long Term Debt Total	149.2M	151.4M	190.2M	160.8M	156.1M	85.1M
Short Term Debt	6.7M	19.1M	49.2M	125.5M	126.6M	132.9M
Intangible Assets	21.3M	12.8M	4.5M	508K	457.2K	434.3K
Other Liab	15.7M	46.3M	31.4M	28.2M	32.4M	34.4M
Other Assets	37.7M	66.2M	56.7M	61.7M	71.0M	74.5M
Common Stock Total Equity	87K	92K	98K	103K	118.5K	95.2K
Common Stock	92K	98K	103K	110K	112K	106.4K
Property Plant Equipment	22.9M	43.1M	73.7M	65.3M	75.1M	78.8M
Current Deferred Revenue	37.1M	54.3M	57.2M	62.4M	46.2M	45.8M
Long Term Debt	88.6M	139.6M	111.9M	11.2M	10.5M	10.0M
Good Will	239.8M	243.7M	240.2M	237.7M	239.2M	174.4M
Net Tangible Assets	10.6M	14.1M	55.7M	86.8M	78.1M	85.7M
Retained Earnings Total Equity	(2.1B)	(2.1B)	(2.1B)	(2.1B)	(1.9B)	(2.0B)
Capital Surpluse	2.3B	2.3B	2.4B	2.4B	2.1B	1.9B
Non Current Liabilities Other	41.4M	46.3M	31.4M	28.2M	29.5M	26.8M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Harmonic Stock Analysis

When running Harmonic's price analysis, check to measure Harmonic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Harmonic is operating at the current time. Most of Harmonic's value examination focuses on studying past and present price action to predict the probability of Harmonic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harmonic's price. Additionally, you may evaluate how the addition of Harmonic to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC