Align Gross Profit vs Total Revenue Analysis
| ALGN Stock | USD 309.02 1.48 0.48% |
Align Technology financial indicator trend analysis is way more than just evaluating Align Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Align Technology is a good investment. Please check the relationship between Align Technology Gross Profit and its Total Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Align Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.
Gross Profit vs Total Revenue
Gross Profit vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Align Technology Gross Profit account and Total Revenue. At this time, the significance of the direction appears to have totally related.
The correlation between Align Technology's Gross Profit and Total Revenue is 1.0. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Align Technology, assuming nothing else is changed. The correlation between historical values of Align Technology's Gross Profit and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Align Technology are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Gross Profit i.e., Align Technology's Gross Profit and Total Revenue go up and down completely randomly.
Correlation Coefficient | 1.0 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Align Technology minus its cost of goods sold. It is profit before Align Technology operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Total Revenue
Total revenue comprises all receipts Align Technology generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Most indicators from Align Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Align Technology 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Align Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.At this time, Align Technology's Selling General Administrative is very stable compared to the past year. As of the 27th of April 2024, Tax Provision is likely to grow to about 231.9 M, while Issuance Of Capital Stock is likely to drop about 24.4 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 2.0B | 2.0B | 2.1B | 2.2B | Cost Of Revenue | 1.0B | 1.1B | 1.2B | 1.2B |
Align Technology fundamental ratios Correlations
Click cells to compare fundamentals
Align Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Align Technology fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 2.5B | 4.8B | 5.9B | 5.9B | 6.1B | 6.4B | |
| Other Current Liab | 304.2M | 383.8M | 584.6M | 427.8M | 496.1M | 520.9M | |
| Total Current Liabilities | 971.0M | 1.3B | 1.9B | 1.9B | 2.1B | 2.2B | |
| Total Stockholder Equity | 1.3B | 3.2B | 3.6B | 3.6B | 3.6B | 3.8B | |
| Property Plant And Equipment Net | 688.0M | 817.3M | 1.2B | 1.4B | 1.4B | 1.5B | |
| Current Deferred Revenue | 563.8M | 777.9M | 1.2B | 1.3B | 1.4B | 1.5B | |
| Net Debt | (507.0M) | (896.4M) | (996.7M) | (815.1M) | (840.5M) | (798.4M) | |
| Retained Earnings | 439.9M | 2.2B | 2.6B | 2.6B | 2.4B | 2.6B | |
| Accounts Payable | 87.3M | 142.1M | 163.9M | 127.9M | 113.1M | 118.8M | |
| Cash | 550.4M | 960.8M | 1.1B | 942.1M | 937.4M | 984.3M | |
| Non Current Assets Total | 867.3M | 3.0B | 3.4B | 3.5B | 3.6B | 3.8B | |
| Cash And Short Term Investments | 868.6M | 960.8M | 1.2B | 999.6M | 972.7M | 1.0B | |
| Net Receivables | 550.3M | 657.7M | 897.2M | 859.7M | 903.4M | 948.6M | |
| Common Stock Shares Outstanding | 80.1M | 79.2M | 79.7M | 78.4M | 76.6M | 74.1M | |
| Short Term Investments | 318.2M | 0.0 | 72.0M | 57.5M | 35.3M | 33.5M | |
| Liabilities And Stockholders Equity | 2.5B | 4.8B | 5.9B | 5.9B | 6.1B | 6.4B | |
| Non Current Liabilities Total | 183.6M | 270.2M | 395.3M | 420.7M | 386.8M | 406.1M | |
| Inventory | 112.1M | 139.2M | 230.2M | 338.8M | 296.9M | 311.7M | |
| Other Current Assets | 102.5M | 21.0M | 125.1M | 226.4M | 273.6M | 287.2M | |
| Other Stockholder Equity | 906.9M | 974.6M | 999.0M | 1.0B | 1.2B | 674.1M | |
| Total Liab | 1.2B | 1.6B | 2.3B | 2.3B | 2.5B | 2.6B | |
| Property Plant And Equipment Gross | 631.7M | 817.3M | 1.2B | 1.4B | 2.0B | 2.1B | |
| Total Current Assets | 1.6B | 1.8B | 2.5B | 2.4B | 2.4B | 2.6B | |
| Accumulated Other Comprehensive Income | (688K) | 43.5M | 4.3M | (10.3M) | 21.2M | 22.2M | |
| Short Term Debt | 15.7M | 21.7M | 22.7M | 26.6M | 29.7M | 17.5M | |
| Non Currrent Assets Other | 33.7M | 35.2M | 57.5M | 55.8M | 128.7M | 135.1M | |
| Other Assets | 97.7M | 1.7B | 1.6B | 1.6B | 1.9B | 2.0B | |
| Property Plant Equipment | 631.7M | 734.7M | 1.2B | 1.4B | 1.6B | 1.6B | |
| Other Liab | 140.1M | 205.8M | 292.7M | 320.4M | 368.4M | 386.8M | |
| Good Will | 63.9M | 444.8M | 418.5M | 407.6M | 419.5M | 440.5M | |
| Intangible Assets | 11.8M | 130.1M | 109.7M | 95.7M | 82.1M | 86.2M | |
| Net Tangible Assets | 1.3B | 2.7B | 3.1B | 3.1B | 3.6B | 3.7B | |
| Retained Earnings Total Equity | 378.1M | 439.9M | 2.2B | 2.6B | 3.0B | 3.2B | |
| Capital Surpluse | 877.5M | 906.9M | 974.6M | 999.0M | 1.1B | 898.1M | |
| Deferred Long Term Liab | 15.1M | 22.8M | 31.1M | 27.4M | 31.5M | 33.1M | |
| Non Current Liabilities Other | 183.6M | 270.2M | 174.6M | 196.0M | 173.1M | 102.5M |
Pair Trading with Align Technology
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 Align Technology 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 Align Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Align Stock
| 0.61 | DHR | Danaher | PairCorr |
Moving against Align Stock
| 0.6 | GH | Guardant Health Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to Align Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Align Technology 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 Align Technology - 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 Align Technology to buy it.
The correlation of Align Technology 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 Align Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Align Technology 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 Align Technology 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Align Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.Note that the Align Technology information on this page should be used as a complementary analysis to other Align Technology's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Align Stock analysis
When running Align Technology's price analysis, check to measure Align Technology'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 Align Technology is operating at the current time. Most of Align Technology's value examination focuses on studying past and present price action to predict the probability of Align Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Align Technology's price. Additionally, you may evaluate how the addition of Align Technology to your portfolios can decrease your overall portfolio volatility.
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Is Align Technology'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 Align Technology. If investors know Align 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 Align Technology 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 2.06 | Earnings Share 5.8 | Revenue Per Share 50.536 | Quarterly Revenue Growth 0.061 | Return On Assets 0.0682 |
The market value of Align Technology is measured differently than its book value, which is the value of Align that is recorded on the company's balance sheet. Investors also form their own opinion of Align Technology's value that differs from its market value or its book value, called intrinsic value, which is Align Technology'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 Align Technology's market value can be influenced by many factors that don't directly affect Align Technology'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 Align Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Align Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Align Technology'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.