Ultra Roic vs Interest Coverage Analysis

UCTT Stock  USD 40.59  2.16  5.62%   
Ultra Clean financial indicator trend analysis is much more than just breaking down Ultra Clean Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ultra Clean Holdings is a good investment. Please check the relationship between Ultra Clean Roic and its Interest Coverage accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Ultra Clean Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Roic vs Interest Coverage

Roic vs Interest Coverage Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ultra Clean Holdings Roic account and Interest Coverage. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ultra Clean's Roic and Interest Coverage is 0.66. Overlapping area represents the amount of variation of Roic that can explain the historical movement of Interest Coverage in the same time period over historical financial statements of Ultra Clean Holdings, assuming nothing else is changed. The correlation between historical values of Ultra Clean's Roic and Interest Coverage is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roic of Ultra Clean Holdings are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Roic i.e., Ultra Clean's Roic and Interest Coverage go up and down completely randomly.

Correlation Coefficient

0.66
Relationship DirectionPositive 
Relationship StrengthSignificant

Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.

Interest Coverage

Most indicators from Ultra Clean's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ultra Clean Holdings 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 Ultra Clean Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
At this time, Ultra Clean's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 11.05 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.06 in 2024.
 2021 2022 2023 2024 (projected)
Operating Income185.7M199.6M35.2M38.6M
Other Operating Expenses1.9B2.2B1.7B1.8B

Ultra Clean fundamental ratios Correlations

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0.860.840.840.830.830.280.810.860.820.880.860.770.840.910.870.720.870.690.860.770.81-0.310.890.80.79
0.970.960.811.00.830.680.920.980.980.950.970.970.920.90.950.940.940.790.950.970.94-0.320.950.920.97
0.70.720.560.680.280.680.720.680.720.650.690.720.690.560.670.710.660.510.660.760.73-0.350.640.690.71
0.970.970.910.920.810.920.720.970.950.960.960.920.970.930.960.90.970.690.960.940.98-0.480.970.950.92
1.00.990.910.980.860.980.680.970.980.990.990.960.970.950.980.920.990.80.990.970.98-0.370.990.960.97
0.990.990.840.980.820.980.720.950.980.960.980.980.930.920.980.960.950.790.950.990.96-0.360.950.980.98
0.990.980.950.950.880.950.650.960.990.960.970.910.970.970.970.860.990.840.990.930.98-0.341.00.930.95
0.990.980.880.970.860.970.690.960.990.980.970.950.960.940.980.910.970.760.970.970.96-0.360.970.940.96
0.950.950.760.970.770.970.720.920.960.980.910.950.880.860.940.990.90.720.910.980.93-0.370.90.950.95
0.970.960.930.920.840.920.690.970.970.930.970.960.880.950.960.850.980.740.970.910.97-0.410.980.910.9
0.960.960.960.90.910.90.560.930.950.920.970.940.860.950.960.80.980.820.940.880.95-0.330.970.920.89
0.990.990.90.950.870.950.670.960.980.980.970.980.940.960.960.910.980.790.960.960.97-0.390.970.970.95
0.920.910.70.940.720.940.710.90.920.960.860.910.990.850.80.910.850.650.870.950.88-0.410.860.940.92
0.990.980.960.940.870.940.660.970.990.950.990.970.90.980.980.980.850.810.980.920.99-0.380.990.930.93
0.810.810.790.790.690.790.510.690.80.790.840.760.720.740.820.790.650.810.80.750.760.040.810.760.82
0.980.970.930.950.860.950.660.960.990.950.990.970.910.970.940.960.870.980.80.930.97-0.380.990.920.95
0.970.970.80.970.770.970.760.940.970.990.930.970.980.910.880.960.950.920.750.930.94-0.380.930.950.97
0.980.980.920.940.810.940.730.980.980.960.980.960.930.970.950.970.880.990.760.970.94-0.440.970.940.92
-0.38-0.38-0.35-0.32-0.31-0.32-0.35-0.48-0.37-0.36-0.34-0.36-0.37-0.41-0.33-0.39-0.41-0.380.04-0.38-0.38-0.44-0.36-0.38-0.3
0.990.980.950.950.890.950.640.970.990.951.00.970.90.980.970.970.860.990.810.990.930.97-0.360.930.94
0.970.970.860.920.80.920.690.950.960.980.930.940.950.910.920.970.940.930.760.920.950.94-0.380.930.95
0.970.960.830.970.790.970.710.920.970.980.950.960.950.90.890.950.920.930.820.950.970.92-0.30.940.95
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Ultra Clean Account Relationship Matchups

Ultra Clean fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.0B1.1B2.0B2.0B1.9B2.0B
Total Stockholder Equity436.7M532.6M848.9M887.9M838.9M880.8M
Net Debt171.7M111.5M168.8M252.4M332.9M349.5M
Cash162.5M200.3M466.5M358.8M307M322.4M
Other Assets20.7M28.8M46.8M46.8M53.8M56.5M
Cash And Short Term Investments162.5M200.3M466.5M358.8M307M322.4M
Common Stock Shares Outstanding39.5M41.1M44.4M45.7M44.7M28.7M
Liabilities And Stockholders Equity1.0B1.1B2.0B2.0B1.9B2.0B
Other Stockholder Equity297.6M309.5M511.6M515.4M496.5M521.3M
Total Liab566.8M551.3M1.1B1.0B970.5M1.0B
Total Current Assets467.0M545.1M1.1B1.1B893.2M937.9M
Short Long Term Debt Total334.2M311.8M635.2M611.2M639.9M671.9M
Other Current Liab55.5M60.8M96.8M97.8M81.4M85.5M
Total Current Liabilities210.6M201.3M469.1M389.2M310M325.5M
Other Liab44M57.4M67.8M61.4M70.6M74.1M
Property Plant And Equipment Net180.1M197.0M325.7M378.6M480M504M
Retained Earnings140.4M218.0M337.4M377.8M346.7M364.0M
Accounts Payable133.1M121.3M332.9M253.5M192.9M202.5M
Non Current Assets Total552.3M557.5M888.3M862.1M974.5M1.0B
Non Currrent Assets Other5.2M4.2M9.2M10.5M10.9M11.4M
Long Term Debt283.4M261.6M529.9M493M461.2M484.3M
Net Receivables112.7M145.5M250.1M253.7M180.8M189.8M
Good Will171.1M171.1M270.0M248.8M265.2M278.5M
Non Current Liabilities Total356.2M350.1M663.6M634.7M660.5M693.5M
Inventory172.4M180.4M379.2M443.9M374.5M393.2M
Other Current Assets19.4M18.9M41.3M42.4M30.9M32.4M
Property Plant And Equipment Gross180.2M197M325.7M378.6M650.3M682.8M
Accumulated Other Comprehensive Income(1.3M)5.1M(167K)(5.4M)(4.4M)(4.6M)
Short Term Debt22.0M19.1M39.4M37.9M35.7M17.9M
Intangible Assets180.3M160.5M245.7M187.9M215.3M226.1M
Common Stock297.7M309.6M511.6M515.5M100K95K
Property Plant Equipment145.3M159.2M325.7M378.6M435.4M457.2M
Net Tangible Assets85.3M201M333.1M451.2M518.9M544.8M
Noncontrolling Interest In Consolidated Entity14.7M15.8M18.6M43.8M50.4M52.9M
Retained Earnings Total Equity149.7M140.3M217.9M337.4M388.0M407.4M
Long Term Debt Total331.5M283.4M261.6M529.9M609.4M639.9M
Deferred Long Term Liab15.8M25.2M33.6M54.9M63.1M66.3M

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