Armstrong Other Current Assets from 2010 to 2024

AWI Stock  USD 116.28  0.52  0.45%   
Armstrong World's Other Current Assets are decreasing with stable movements from year to year. Other Current Assets are estimated to finish at about 27.7 M this year. Other Current Assets is assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories. View All Fundamentals
 
Other Current Assets  
First Reported
2001-12-31
Previous Quarter
26.4 M
Current Value
M
Quarterly Volatility
104.3 M
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Armstrong World financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Armstrong main balance sheet or income statement drivers, such as Depreciation And Amortization of 126.5 M, Interest Expense of 49.1 M or Selling General Administrative of 320.1 M, as well as many exotic indicators such as Price To Sales Ratio of 3.56, Dividend Yield of 0.0101 or PTB Ratio of 7.8. Armstrong financial statements analysis is a perfect complement when working with Armstrong World Valuation or Volatility modules.
  
This module can also supplement Armstrong World's financial leverage analysis and stock options assessment as well as various Armstrong World Technical models . Check out the analysis of Armstrong World Correlation against competitors.

Latest Armstrong World's Other Current Assets Growth Pattern

Below is the plot of the Other Current Assets of Armstrong World Industries over the last few years. It is assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories. Armstrong World's Other Current Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Armstrong World's overall financial position and show how it may be relating to other accounts over time.
Other Current Assets10 Years Trend
Pretty Stable
   Other Current Assets   
       Timeline  

Armstrong Other Current Assets Regression Statistics

Arithmetic Mean10,334,667
Geometric Mean3,877,547
Coefficient Of Variation128.38
Mean Deviation11,179,556
Median3,000,000
Standard Deviation13,267,545
Sample Variance176T
Range38M
R-Value(0.16)
Mean Square Error184.6T
R-Squared0.03
Significance0.56
Slope(480,571)
Total Sum of Squares2464.4T

Armstrong Other Current Assets History

202427.7 M
202326.4 M
20211.3 M
2020800 K
20191.4 M
2018700 K
2017600 K

About Armstrong World Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Armstrong World income statement, its balance sheet, and the statement of cash flows. Armstrong World investors use historical funamental indicators, such as Armstrong World's Other Current Assets, to determine how well the company is positioned to perform in the future. Although Armstrong World investors may use each financial statement separately, they are all related. The changes in Armstrong World's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Armstrong World's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Armstrong World Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Armstrong World. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Other Current Assets26.4 M27.7 M

Pair Trading with Armstrong World

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 Armstrong World 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 Armstrong World will appreciate offsetting losses from the drop in the long position's value.

Moving together with Armstrong Stock

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The ability to find closely correlated positions to Armstrong World could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Armstrong World 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 Armstrong World - 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 Armstrong World Industries to buy it.
The correlation of Armstrong World 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 Armstrong World moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Armstrong World Indu 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 Armstrong World 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 Armstrong World Indu offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Armstrong World's 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 Armstrong World Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Armstrong World Industries Stock:
Check out the analysis of Armstrong World Correlation against competitors.
You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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When running Armstrong World's price analysis, check to measure Armstrong World'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 Armstrong World is operating at the current time. Most of Armstrong World's value examination focuses on studying past and present price action to predict the probability of Armstrong World's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Armstrong World's price. Additionally, you may evaluate how the addition of Armstrong World to your portfolios can decrease your overall portfolio volatility.
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Is Armstrong World's industry 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 Armstrong World. If investors know Armstrong 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 Armstrong World listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.308
Dividend Share
1.094
Earnings Share
5.31
Revenue Per Share
29.6
Quarterly Revenue Growth
0.052
The market value of Armstrong World Indu is measured differently than its book value, which is the value of Armstrong that is recorded on the company's balance sheet. Investors also form their own opinion of Armstrong World's value that differs from its market value or its book value, called intrinsic value, which is Armstrong World'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 Armstrong World's market value can be influenced by many factors that don't directly affect Armstrong World'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 Armstrong World's value and its price as these two are different measures arrived at by different means. Investors typically determine if Armstrong World is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Armstrong World'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.