Latham Net Debt vs Asset Turnover Analysis
| SWIM Stock | USD 6.62 0.01 0.15% |
Latham financial indicator trend analysis is infinitely more than just investigating Latham Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Latham Group is a good investment. Please check the relationship between Latham Net Debt and its Asset Turnover accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Latham 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 gross domestic product.
Net Debt vs Asset Turnover
Net Debt vs Asset Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Latham Group Net Debt account and Asset Turnover. At this time, the significance of the direction appears to have strong relationship.
The correlation between Latham's Net Debt and Asset Turnover is 0.68. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Latham Group, assuming nothing else is changed. The correlation between historical values of Latham's Net Debt and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Latham Group are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Net Debt i.e., Latham's Net Debt and Asset Turnover go up and down completely randomly.
Correlation Coefficient | 0.68 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Most indicators from Latham's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Latham 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Latham 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 gross domestic product. As of the 3rd of December 2024, Selling General Administrative is likely to grow to about 127.9 M, while Tax Provision is likely to drop about 2.5 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 24.4M | 15.8M | 30.9M | 24.2M | Depreciation And Amortization | 32.2M | 38.2M | 40.8M | 34.9M |
Latham fundamental ratios Correlations
Click cells to compare fundamentals
Latham Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Is Industrial Machinery & Supplies & 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 Latham. If investors know Latham 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 Latham listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.1 | Revenue Per Share 4.455 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0162 | Return On Equity 0.0282 |
The market value of Latham Group is measured differently than its book value, which is the value of Latham that is recorded on the company's balance sheet. Investors also form their own opinion of Latham's value that differs from its market value or its book value, called intrinsic value, which is Latham'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 Latham's market value can be influenced by many factors that don't directly affect Latham'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 Latham's value and its price as these two are different measures arrived at by different means. Investors typically determine if Latham is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Latham'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.