Advanced Change To Inventory vs Change In Cash Analysis

WMS Stock  USD 112.83  2.19  1.90%   
Advanced Drainage financial indicator trend analysis is way more than just evaluating Advanced Drainage Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Advanced Drainage Systems is a good investment. Please check the relationship between Advanced Drainage Change To Inventory and its Change In Cash accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Advanced Drainage Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Change To Inventory vs Change In Cash

JavaScript chart by amCharts 3.21.1520162018202020222024-180M-160M-140M-120M-100M-80M-60M-40M-20M020M40M -150M-100M-50M050M100M150M200M250M300M
JavaScript chart by amCharts 3.21.15Change To Inventorytotal: -203.2MChange In Cashtotal: 1.1B

Change To Inventory vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Advanced Drainage Systems Change To Inventory account and Change In Cash. At this time, the significance of the direction appears to have fragmental relationship.
Change To InventoryChange In CashDiversified AwayChange To InventoryChange In CashDiversified Away100%
The correlation between Advanced Drainage's Change To Inventory and Change In Cash is 0.56. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Advanced Drainage Systems, assuming nothing else is changed. The correlation between historical values of Advanced Drainage's Change To Inventory and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of Advanced Drainage Systems are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Change To Inventory i.e., Advanced Drainage's Change To Inventory and Change In Cash go up and down completely randomly.

Correlation Coefficient

0.56
Relationship DirectionPositive 
Relationship StrengthWeak

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Change In Cash

Most indicators from Advanced Drainage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Advanced Drainage Systems 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Advanced Drainage Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
At this time, Advanced Drainage's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 192 M in 2025, whereas Sales General And Administrative To Revenue is likely to drop 0.07 in 2025.
 2022 2023 2024 2025 (projected)
Gross Profit1.1B1.1B1.3B1.4B
Total Revenue3.1B2.9B3.3B1.8B

Advanced Drainage fundamental ratios Correlations

0.790.660.740.80.730.610.780.690.550.720.60.780.780.650.650.60.780.72-0.40.670.720.410.490.750.68
0.790.870.940.950.880.860.950.940.650.880.760.990.890.820.880.760.950.91-0.470.880.910.60.590.990.81
0.660.870.810.810.940.90.840.870.820.760.920.870.760.641.00.920.810.95-0.741.00.790.590.480.890.93
0.740.940.810.870.860.840.880.880.610.760.70.930.860.760.810.70.910.86-0.520.820.860.480.590.920.76
0.80.950.810.870.860.760.970.850.710.940.740.920.850.850.80.740.980.83-0.460.820.940.590.480.930.85
0.730.880.940.860.860.90.840.790.80.770.890.870.830.750.930.890.870.96-0.780.940.810.450.580.850.92
0.610.860.90.840.760.90.740.860.680.720.770.880.740.770.930.770.80.94-0.630.920.750.460.590.860.81
0.780.950.840.880.970.840.740.840.770.910.80.90.780.730.820.80.940.8-0.50.830.920.60.360.930.86
0.690.940.870.880.850.790.860.840.540.770.650.960.860.750.890.650.880.9-0.410.880.860.610.620.970.76
0.550.650.820.610.710.80.680.770.540.730.910.570.410.460.790.910.680.66-0.740.80.710.55-0.020.640.93
0.720.880.760.760.940.770.720.910.770.730.70.840.70.850.760.70.920.74-0.370.760.930.750.30.870.83
0.60.760.920.70.740.890.770.80.650.910.70.720.580.470.91.00.690.82-0.790.910.660.490.260.760.9
0.780.990.870.930.920.870.880.90.960.570.840.720.920.830.880.720.920.93-0.450.880.870.560.680.980.77
0.780.890.760.860.850.830.740.780.860.410.70.580.920.810.750.580.860.88-0.430.770.780.430.840.860.68
0.650.820.640.760.850.750.770.730.750.460.850.470.830.810.660.470.890.77-0.290.660.850.520.620.780.68
0.650.881.00.810.80.930.930.820.890.790.760.90.880.750.660.90.810.96-0.711.00.790.60.50.90.92
0.60.760.920.70.740.890.770.80.650.910.71.00.720.580.470.90.690.82-0.790.910.660.490.260.760.9
0.780.950.810.910.980.870.80.940.880.680.920.690.920.860.890.810.690.85-0.480.820.980.60.520.920.86
0.720.910.950.860.830.960.940.80.90.660.740.820.930.880.770.960.820.85-0.670.960.790.490.710.90.85
-0.4-0.47-0.74-0.52-0.46-0.78-0.63-0.5-0.41-0.74-0.37-0.79-0.45-0.43-0.29-0.71-0.79-0.48-0.67-0.72-0.44-0.13-0.29-0.44-0.75
0.670.881.00.820.820.940.920.830.880.80.760.910.880.770.661.00.910.820.96-0.720.80.590.510.90.92
0.720.910.790.860.940.810.750.920.860.710.930.660.870.780.850.790.660.980.79-0.440.80.710.40.90.87
0.410.60.590.480.590.450.460.60.610.550.750.490.560.430.520.60.490.60.49-0.130.590.710.060.650.62
0.490.590.480.590.480.580.590.360.62-0.020.30.260.680.840.620.50.260.520.71-0.290.510.40.060.550.3
0.750.990.890.920.930.850.860.930.970.640.870.760.980.860.780.90.760.920.9-0.440.90.90.650.550.81
0.680.810.930.760.850.920.810.860.760.930.830.90.770.680.680.920.90.860.85-0.750.920.870.620.30.81
Click cells to compare fundamentals

Advanced Drainage Account Relationship Matchups

Advanced Drainage fundamental ratios Accounts

202020212022202320242025 (projected)
Common Stock Shares Outstanding71.6M72.9M83.3M79.0M90.9M64.6M
Total Assets2.4B2.6B2.9B3.3B3.8B1.9B
Short Long Term Debt Total841.5M944.6M1.3B1.4B1.6B1.7B
Other Current Liab107.2M120.7M128.0M138.5M159.3M82.8M
Total Current Liabilities318.3M391.2M378.8M439.6M505.6M288.9M
Total Stockholder Equity1.0B1.1B977.4M1.3B1.5B1.5B
Other Liab(115.2M)173.6M205.9M233.4M268.4M281.8M
Property Plant And Equipment Net504.3M619.4M733.1M930.2M1.1B536.9M
Net Debt646.5M924.5M1.1B915.7M1.1B666.3M
Retained Earnings(75.2M)158.9M626.2M1.1B1.3B1.3B
Accounts Payable171.1M225.0M210.1M254.4M292.6M164.1M
Cash195.0M20.1M217.1M490.2M563.7M591.9M
Non Current Assets Total1.7B1.8B1.9B2.0B2.3B1.2B
Non Currrent Assets Other85.5M84.2M83.7M69.0M79.3M49.7M
Other Assets24.0M85.5M116.8M72.0M82.8M45.5M
Long Term Debt782.2M908.7M1.3B1.3B1.4B1.5B
Cash And Short Term Investments195.0M20.1M217.1M490.2M563.7M591.9M
Net Receivables236.2M341.8M306.9M323.6M372.1M233.2M
Good Will599.1M610.3M620.2M617.2M709.8M745.2M
Common Stock Total Equity11.6M11.6M11.6M11.6M10.5M9.5M
Liabilities And Stockholders Equity2.4B2.6B2.9B3.3B3.8B1.9B
Non Current Liabilities Total1.0B1.2B1.5B1.6B1.8B1.9B
Inventory301.0M494.3M464.0M464.2M533.8M352.6M
Other Current Assets10.8M15.7M29.4M22.0M25.3M15.7M
Other Stockholder Equity896.6M746.9M367.1M187.8M216.0M310.3M
Total Liab1.4B1.5B1.9B2.0B2.3B1.2B
Property Plant And Equipment Gross535.5M1.2B1.4B1.6B1.9B2.0B
Total Current Assets743.0M871.9M1.0B1.3B1.5B1.6B
Accumulated Other Comprehensive Income(24.2M)(24.4M)(27.6M)(29.8M)(26.8M)(28.2M)
Treasury Stock(10.5M)(11.0M)(318.7M)(921.0M)(1.1B)(1.0B)
Short Term Debt35.3M38.7M37.6M45.6M52.4M35.3M
Intangible Assets482.0M431.4M407.6M352.7M405.5M244.5M
Common Stock11.6M11.6M11.6M11.7M10.5M9.5M
Property Plant Equipment481.4M504.3M619.4M783.8M901.4M495.0M
Net Tangible Assets(380.3M)(31.4M)657.0M569.7M655.2M688.0M
Deferred Long Term Liab175.6M162.2M168.4M159.1M182.9M108.1M
Short Long Term Debt7M19.5M14.7M11.9M10.7M16.1M
Warrants247.1M229.9M195.4M153.2M176.2M167.5M
Noncontrolling Interest In Consolidated Entity11.8M13.7M16.6M17.5M20.1M16.7M

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Additional Tools for Advanced Stock Analysis

When running Advanced Drainage's price analysis, check to measure Advanced Drainage'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 Advanced Drainage is operating at the current time. Most of Advanced Drainage's value examination focuses on studying past and present price action to predict the probability of Advanced Drainage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advanced Drainage's price. Additionally, you may evaluate how the addition of Advanced Drainage to your portfolios can decrease your overall portfolio volatility.