Align Reconciled Depreciation vs Non Operating Income Net Other 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 Reconciled Depreciation and its Non Operating Income Net Other 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.

Reconciled Depreciation vs Non Operating Income Net Other

Reconciled Depreciation vs Non Operating Income Net Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Align Technology Reconciled Depreciation account and Non Operating Income Net Other. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Align Technology's Reconciled Depreciation and Non Operating Income Net Other is 0.83. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Non Operating Income Net Other 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 Reconciled Depreciation and Non Operating Income Net Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Reconciled Depreciation of Align Technology are associated (or correlated) with its Non Operating Income Net Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Operating Income Net Other has no effect on the direction of Reconciled Depreciation i.e., Align Technology's Reconciled Depreciation and Non Operating Income Net Other go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Reconciled Depreciation

Non Operating Income Net Other

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

Total Operating Expenses Cost Of Revenue

Align Technology fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		0.92	0.97	0.99	1.0	0.98	0.99	-0.93	0.99	0.94	0.96	0.99	0.9	0.98	0.34	0.22	-0.35	0.99	0.96	0.83	0.6	0.99	0.95	0.98	0.2	0.23
Short Long Term Debt Total	0.92		0.86	0.91	0.92	0.9	0.91	-0.84	0.89	0.83	0.87	0.91	0.82	0.89	0.5	0.41	-0.29	0.9	0.93	0.83	0.66	0.91	0.86	0.9	0.3	0.42
Other Current Liab	0.97	0.86		0.98	0.96	0.97	0.96	-0.95	0.95	0.96	0.97	0.95	0.94	0.99	0.34	0.23	-0.26	0.97	0.92	0.78	0.61	0.98	0.92	0.98	0.12	0.24
Total Current Liabilities	0.99	0.91	0.98		0.98	1.0	1.0	-0.92	0.97	0.93	0.95	0.98	0.89	0.99	0.32	0.19	-0.33	0.99	0.98	0.87	0.57	1.0	0.97	0.98	0.2	0.2
Total Stockholder Equity	1.0	0.92	0.96	0.98		0.97	0.97	-0.94	0.99	0.94	0.96	0.99	0.9	0.97	0.36	0.25	-0.36	0.97	0.95	0.8	0.61	0.98	0.93	0.97	0.2	0.26
Property Plant And Equipment Net	0.98	0.9	0.97	1.0	0.97		1.0	-0.9	0.96	0.91	0.94	0.97	0.88	0.99	0.3	0.17	-0.33	0.99	0.98	0.89	0.56	1.0	0.98	0.98	0.19	0.18
Current Deferred Revenue	0.99	0.91	0.96	1.0	0.97	1.0		-0.88	0.96	0.89	0.92	0.98	0.86	0.98	0.29	0.16	-0.35	0.99	0.99	0.9	0.54	1.0	0.98	0.97	0.19	0.16
Net Debt	-0.93	-0.84	-0.95	-0.92	-0.94	-0.9	-0.88		-0.91	-0.94	-0.99	-0.91	-0.94	-0.95	-0.45	-0.36	0.34	-0.9	-0.84	-0.67	-0.7	-0.92	-0.84	-0.94	-0.22	-0.37
Retained Earnings	0.99	0.89	0.95	0.97	0.99	0.96	0.96	-0.91		0.94	0.94	1.0	0.84	0.95	0.23	0.11	-0.44	0.98	0.95	0.77	0.51	0.97	0.92	0.94	0.2	0.13
Accounts Payable	0.94	0.83	0.96	0.93	0.94	0.91	0.89	-0.94	0.94		0.95	0.92	0.92	0.94	0.36	0.27	-0.26	0.93	0.86	0.63	0.63	0.93	0.82	0.94	0.17	0.29
Cash	0.96	0.87	0.97	0.95	0.96	0.94	0.92	-0.99	0.94	0.95		0.94	0.94	0.97	0.42	0.32	-0.36	0.94	0.88	0.72	0.66	0.95	0.88	0.97	0.22	0.34
Non Current Assets Total	0.99	0.91	0.95	0.98	0.99	0.97	0.98	-0.91	1.0	0.92	0.94		0.85	0.96	0.29	0.16	-0.43	0.98	0.96	0.81	0.53	0.98	0.94	0.94	0.22	0.17
Cash And Short Term Investments	0.9	0.82	0.94	0.89	0.9	0.88	0.86	-0.94	0.84	0.92	0.94	0.85		0.94	0.54	0.46	-0.01	0.88	0.81	0.68	0.79	0.89	0.81	0.96	0.1	0.48
Net Receivables	0.98	0.89	0.99	0.99	0.97	0.99	0.98	-0.95	0.95	0.94	0.97	0.96	0.94		0.36	0.24	-0.27	0.98	0.95	0.84	0.62	0.99	0.95	0.99	0.18	0.25
Common Stock Total Equity	0.34	0.5	0.34	0.32	0.36	0.3	0.29	-0.45	0.23	0.36	0.42	0.29	0.54	0.36		0.97	0.25	0.25	0.26	0.31	0.88	0.31	0.28	0.43	0.32	0.95
Common Stock Shares Outstanding	0.22	0.41	0.23	0.19	0.25	0.17	0.16	-0.36	0.11	0.27	0.32	0.16	0.46	0.24	0.97		0.32	0.13	0.13	0.18	0.8	0.18	0.14	0.32	0.26	0.99
Short Term Investments	-0.35	-0.29	-0.26	-0.33	-0.36	-0.33	-0.35	0.34	-0.44	-0.26	-0.36	-0.43	-0.01	-0.27	0.25	0.32		-0.34	-0.36	-0.23	0.22	-0.34	-0.35	-0.2	-0.36	0.32
Non Current Liabilities Total	0.99	0.9	0.97	0.99	0.97	0.99	0.99	-0.9	0.98	0.93	0.94	0.98	0.88	0.98	0.25	0.13	-0.34		0.97	0.84	0.54	0.99	0.95	0.97	0.18	0.14
Inventory	0.96	0.93	0.92	0.98	0.95	0.98	0.99	-0.84	0.95	0.86	0.88	0.96	0.81	0.95	0.26	0.13	-0.36	0.97		0.91	0.51	0.98	0.96	0.94	0.21	0.14
Other Current Assets	0.83	0.83	0.78	0.87	0.8	0.89	0.9	-0.67	0.77	0.63	0.72	0.81	0.68	0.84	0.31	0.18	-0.23	0.84	0.91		0.45	0.86	0.93	0.83	0.18	0.16
Other Stockholder Equity	0.6	0.66	0.61	0.57	0.61	0.56	0.54	-0.7	0.51	0.63	0.66	0.53	0.79	0.62	0.88	0.8	0.22	0.54	0.51	0.45		0.56	0.49	0.68	0.19	0.79
Total Liab	0.99	0.91	0.98	1.0	0.98	1.0	1.0	-0.92	0.97	0.93	0.95	0.98	0.89	0.99	0.31	0.18	-0.34	0.99	0.98	0.86	0.56		0.97	0.98	0.19	0.19
Property Plant And Equipment Gross	0.95	0.86	0.92	0.97	0.93	0.98	0.98	-0.84	0.92	0.82	0.88	0.94	0.81	0.95	0.28	0.14	-0.35	0.95	0.96	0.93	0.49	0.97		0.93	0.18	0.13
Total Current Assets	0.98	0.9	0.98	0.98	0.97	0.98	0.97	-0.94	0.94	0.94	0.97	0.94	0.96	0.99	0.43	0.32	-0.2	0.97	0.94	0.83	0.68	0.98	0.93		0.16	0.33
Short Term Debt	0.2	0.3	0.12	0.2	0.2	0.19	0.19	-0.22	0.2	0.17	0.22	0.22	0.1	0.18	0.32	0.26	-0.36	0.18	0.21	0.18	0.19	0.19	0.18	0.16		0.27
Common Stock	0.23	0.42	0.24	0.2	0.26	0.18	0.16	-0.37	0.13	0.29	0.34	0.17	0.48	0.25	0.95	0.99	0.32	0.14	0.14	0.16	0.79	0.19	0.13	0.33	0.27

Click cells to compare fundamentals

Align Technology Account Relationship Matchups

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

Pair Corr

Moving against Align Stock

0.6

Guardant Health Financial Report 14th of May 2024

Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Align Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Align Technology'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 Align Technology Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Align Technology Stock:

How To Invest In Align

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Is Align Stock a good investment?

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What is Align Technology's Net Worth?

Details

Largest Health Care Equipment & Supplies Companies

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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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Align Reconciled Depreciation vs Non Operating Income Net Other Analysis

Reconciled Depreciation vs Non Operating Income Net Other

Reconciled Depreciation vs Non Operating Income Net Other Correlation Analysis

Correlation Coefficient

Reconciled Depreciation

Non Operating Income Net Other

Align Technology fundamental ratios Correlations

Align Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Align Technology fundamental ratios Accounts

Pair Trading with Align Technology

Moving together with Align Stock

Moving against Align Stock

Complementary Tools for Align Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Current Liabilities
Current Deferred Revenue	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Current Deferred Revenue	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Property Plant And Equipment Net

Cash	- 0.99	Net Debt
Net Receivables	- 0.95	Net Debt
Net Debt	- 0.95	Other Current Liab
Total Current Assets	- 0.94	Net Debt
Cash And Short Term Investments	- 0.94	Net Debt
Accounts Payable	- 0.94	Net Debt