AAON Cash vs Net Receivables Analysis

AAON Stock

USD 109.15 1.32 1.22%

AAON financial indicator trend analysis is way more than just evaluating AAON Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AAON Inc is a good investment. Please check the relationship between AAON Cash and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AAON Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Cash vs Net Receivables

Cash vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AAON Inc Cash account and Net Receivables. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between AAON's Cash and Net Receivables is -0.25. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Net Receivables in the same time period over historical financial statements of AAON Inc, assuming nothing else is changed. The correlation between historical values of AAON's Cash and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of AAON Inc are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Cash i.e., AAON's Cash and Net Receivables go up and down completely randomly.

Correlation Coefficient

-0.25

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Cash

Cash refers to the most liquid asset of AAON Inc, which is listed under current asset account on AAON Inc balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from AAON customers. The amounts must be unrestricted with restricted cash listed in a different AAON account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Net Receivables

Most indicators from AAON's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AAON Inc 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 AAON Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

At this time, AAON's Selling General Administrative is very stable compared to the past year. As of the 9th of October 2024, Enterprise Value Over EBITDA is likely to grow to 23.14, while Tax Provision is likely to drop about 24.7 M.

	2021	2022	2023	2024 (projected)
Gross Profit	137.8M	237.6M	385.3M	404.5M
Total Revenue	534.5M	888.8M	1.2B	1.2B

Gross Profit Total Revenue

AAON fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Non Currrent Assets Other	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		0.66	0.83	0.97	1.0	0.99	0.66	0.99	0.86	-0.11	0.99	-0.28	0.96	0.47	0.91	0.99	-0.14	0.34	0.96	0.99	0.98	-0.11	0.2	0.92	0.67	0.87
Short Long Term Debt Total	0.66		0.55	0.72	0.64	0.64	0.33	0.66	0.65	0.12	0.62	0.13	0.62	0.42	0.6	0.65	0.02	0.26	0.67	0.6	0.69	0.0	0.18	0.51	0.71	0.8
Other Current Liab	0.83	0.55		0.86	0.82	0.76	0.79	0.78	0.78	-0.4	0.83	-0.39	0.88	0.2	0.79	0.82	-0.22	0.29	0.84	0.85	0.82	-0.61	0.6	0.86	0.46	0.73
Total Current Liabilities	0.97	0.72	0.86		0.95	0.95	0.73	0.94	0.93	-0.17	0.97	-0.32	0.95	0.44	0.92	0.98	-0.16	0.36	0.98	0.97	0.96	-0.16	0.29	0.91	0.62	0.87
Total Stockholder Equity	1.0	0.64	0.82	0.95		0.99	0.63	1.0	0.82	-0.09	0.98	-0.25	0.97	0.44	0.87	0.98	-0.12	0.34	0.93	0.98	0.99	-0.08	0.15	0.89	0.69	0.88
Property Plant And Equipment Net	0.99	0.64	0.76	0.95	0.99		0.59	0.99	0.83	-0.04	0.98	-0.23	0.94	0.47	0.88	0.98	-0.11	0.33	0.94	0.97	0.98	0.0	0.08	0.88	0.7	0.87
Net Debt	0.66	0.33	0.79	0.73	0.63	0.59		0.56	0.78	-0.76	0.71	-0.82	0.71	0.22	0.74	0.71	-0.42	0.39	0.75	0.74	0.59	-0.53	0.62	0.84	0.11	0.44
Retained Earnings	0.99	0.66	0.78	0.94	1.0	0.99	0.56		0.78	-0.02	0.97	-0.18	0.96	0.43	0.84	0.97	-0.07	0.33	0.91	0.96	0.99	-0.01	0.08	0.85	0.74	0.9
Accounts Payable	0.86	0.65	0.78	0.93	0.82	0.83	0.78	0.78		-0.24	0.88	-0.4	0.8	0.44	0.95	0.88	-0.26	0.38	0.96	0.87	0.81	-0.23	0.4	0.89	0.44	0.7
Cash	-0.11	0.12	-0.4	-0.17	-0.09	-0.04	-0.76	-0.02	-0.24		-0.16	0.91	-0.25	0.26	-0.16	-0.17	0.37	-0.42	-0.17	-0.2	-0.03	0.58	-0.57	-0.36	0.24	0.04
Non Current Assets Total	0.99	0.62	0.83	0.97	0.98	0.98	0.71	0.97	0.88	-0.16		-0.33	0.94	0.48	0.94	0.98	-0.19	0.34	0.97	1.0	0.96	-0.14	0.23	0.95	0.62	0.83
Cash And Short Term Investments	-0.28	0.13	-0.39	-0.32	-0.25	-0.23	-0.82	-0.18	-0.4	0.91	-0.33		-0.37	0.06	-0.34	-0.35	0.4	-0.43	-0.34	-0.37	-0.18	0.37	-0.42	-0.5	0.24	-0.01
Net Receivables	0.96	0.62	0.88	0.95	0.97	0.94	0.71	0.96	0.8	-0.25	0.94	-0.37		0.31	0.81	0.97	-0.12	0.39	0.9	0.96	0.97	-0.19	0.25	0.87	0.63	0.87
Common Stock Shares Outstanding	0.47	0.42	0.2	0.44	0.44	0.47	0.22	0.43	0.44	0.26	0.48	0.06	0.31		0.58	0.44	0.08	-0.27	0.52	0.46	0.43	0.17	0.0	0.47	0.21	0.31
Non Current Liabilities Total	0.91	0.6	0.79	0.92	0.87	0.88	0.74	0.84	0.95	-0.16	0.94	-0.34	0.81	0.58		0.9	-0.24	0.24	0.98	0.93	0.84	-0.24	0.36	0.96	0.47	0.7
Inventory	0.99	0.65	0.82	0.98	0.98	0.98	0.71	0.97	0.88	-0.17	0.98	-0.35	0.97	0.44	0.9		-0.2	0.38	0.96	0.99	0.98	-0.09	0.2	0.92	0.63	0.87
Other Current Assets	-0.14	0.02	-0.22	-0.16	-0.12	-0.11	-0.42	-0.07	-0.26	0.37	-0.19	0.4	-0.12	0.08	-0.24	-0.2		-0.5	-0.2	-0.22	-0.07	0.29	-0.39	-0.33	0.21	0.03
Other Stockholder Equity	0.34	0.26	0.29	0.36	0.34	0.33	0.39	0.33	0.38	-0.42	0.34	-0.43	0.39	-0.27	0.24	0.38	-0.5		0.31	0.35	0.32	-0.01	0.27	0.32	0.24	0.33
Total Liab	0.96	0.67	0.84	0.98	0.93	0.94	0.75	0.91	0.96	-0.17	0.97	-0.34	0.9	0.52	0.98	0.96	-0.2	0.31		0.97	0.92	-0.2	0.33	0.95	0.56	0.81
Property Plant And Equipment Gross	0.99	0.6	0.85	0.97	0.98	0.97	0.74	0.96	0.87	-0.2	1.0	-0.37	0.96	0.46	0.93	0.99	-0.22	0.35	0.97		0.96	-0.18	0.26	0.96	0.59	0.82
Total Current Assets	0.98	0.69	0.82	0.96	0.99	0.98	0.59	0.99	0.81	-0.03	0.96	-0.18	0.97	0.43	0.84	0.98	-0.07	0.32	0.92	0.96		-0.06	0.14	0.85	0.71	0.92
Short Term Debt	-0.11	0.0	-0.61	-0.16	-0.08	0.0	-0.53	-0.01	-0.23	0.58	-0.14	0.37	-0.19	0.17	-0.24	-0.09	0.29	-0.01	-0.2	-0.18	-0.06		-0.83	-0.35	0.19	0.0
Non Currrent Assets Other	0.2	0.18	0.6	0.29	0.15	0.08	0.62	0.08	0.4	-0.57	0.23	-0.42	0.25	0.0	0.36	0.2	-0.39	0.27	0.33	0.26	0.14	-0.83		0.44	-0.17	0.07
Intangible Assets	0.92	0.51	0.86	0.91	0.89	0.88	0.84	0.85	0.89	-0.36	0.95	-0.5	0.87	0.47	0.96	0.92	-0.33	0.32	0.95	0.96	0.85	-0.35	0.44		0.45	0.69
Common Stock Total Equity	0.67	0.71	0.46	0.62	0.69	0.7	0.11	0.74	0.44	0.24	0.62	0.24	0.63	0.21	0.47	0.63	0.21	0.24	0.56	0.59	0.71	0.19	-0.17	0.45		0.91
Common Stock	0.87	0.8	0.73	0.87	0.88	0.87	0.44	0.9	0.7	0.04	0.83	-0.01	0.87	0.31	0.7	0.87	0.03	0.33	0.81	0.82	0.92	0.0	0.07	0.69	0.91

Click cells to compare fundamentals

AAON Account Relationship Matchups

AAON fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	371.4M	449.0M	650.2M	813.9M	941.4M	988.5M
Other Current Liab	3.3M	2.6M	42.7M	73.6M	80.9M	84.9M
Total Current Liabilities	56.0M	59.0M	86.8M	145.6M	126.7M	133.1M
Total Stockholder Equity	290.1M	350.9M	466.2M	560.7M	735.2M	772.0M
Property Plant And Equipment Net	179.8M	224.9M	275.0M	311.9M	381.7M	400.8M
Net Debt	(20.5M)	(72.7M)	38.7M	72.8M	50.3M	52.8M
Retained Earnings	286.3M	345.5M	384.3M	461.7M	612.8M	643.5M
Accounts Payable	11.8M	12.4M	29.0M	45.5M	27.5M	28.9M
Cash	26.8M	79.0M	2.9M	5.5M	287K	272.7K
Non Current Assets Total	183.9M	228.8M	432.1M	464.8M	532.5M	559.1M
Cash And Short Term Investments	26.8M	79.0M	2.9M	5.5M	287K	272.7K
Net Receivables	68.2M	52.0M	82.3M	142.3M	183.3M	192.5M
Common Stock Shares Outstanding	79.0M	79.6M	80.6M	81.1M	83.3M	52.0M
Liabilities And Stockholders Equity	371.4M	449.0M	650.2M	813.9M	941.4M	988.5M
Non Current Liabilities Total	25.3M	39.1M	97.2M	107.6M	79.5M	83.4M
Inventory	73.6M	82.2M	130.3M	198.9M	213.5M	224.2M
Other Current Assets	19.0M	7.0M	2.1M	1.9M	3.1M	4.4M
Other Stockholder Equity	3.6M	5.2M	81.7M	98.7M	122.1M	128.2M
Total Liab	81.3M	98.1M	184.0M	253.2M	206.2M	216.5M
Property Plant And Equipment Gross	179.8M	224.9M	482.2M	556.9M	665.2M	698.5M
Total Current Assets	187.5M	220.3M	218.1M	349.1M	409.0M	429.4M
Short Term Debt	36.4M	38.9M	1.6M	1.3M	2.0M	1.9M
Non Currrent Assets Other	(12.5M)	(12.4M)	1.2M	6.4M	816K	856.8K
Intangible Assets	272K	38K	70.1M	64.6M	68.1M	71.5M
Property Plant Equipment	178.1M	223.3M	275.0M	311.9M	358.6M	376.6M
Current Deferred Revenue	4.6M	5.1M	13.5M	25.2M	16.4M	10.1M
Other Liab	25.3M	37.5M	57.2M	30.6M	35.2M	18.0M
Net Tangible Assets	286.6M	347.6M	310.3M	414.2M	476.3M	259.0M
Other Assets	597K	579K	1.2M	6.4M	7.4M	7.8M
Retained Earnings Total Equity	247.3M	286.3M	345.5M	384.3M	442.0M	248.3M
Deferred Long Term Liab	12.5M	15.3M	28.3M	32.0M	36.8M	38.6M
Long Term Investments	678K	598K	597K	579K	521.1K	495.0K

Pair Trading with AAON

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

Moving together with AAON Stock

0.96	TT	Trane Technologies plc	Pair Corr
0.62	VKSC	Viskase Companies	Pair Corr

Moving against AAON Stock

0.58

JBI

Janus International

Pair Corr

The ability to find closely correlated positions to AAON could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AAON 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 AAON - 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 AAON Inc to buy it.

The correlation of AAON 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 AAON moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AAON Inc 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 AAON 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 AAON Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AAON'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 Aaon Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Aaon Inc Stock:

How To Invest In AAON

Details

Is AAON Stock a good investment?

Details

What is AAON's Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AAON Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

Is Building Products space 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 AAON. If investors know AAON 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 AAON 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

(0.69)

Dividend Share

0.32

Earnings Share

2.23

Revenue Per Share

14.709

Quarterly Revenue Growth

0.168

The market value of AAON Inc is measured differently than its book value, which is the value of AAON that is recorded on the company's balance sheet. Investors also form their own opinion of AAON's value that differs from its market value or its book value, called intrinsic value, which is AAON'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 AAON's market value can be influenced by many factors that don't directly affect AAON'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 AAON's value and its price as these two are different measures arrived at by different means. Investors typically determine if AAON is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AAON'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.

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AAON Cash vs Net Receivables Analysis

Cash vs Net Receivables

Cash vs Net Receivables Correlation Analysis

Correlation Coefficient

Cash

Net Receivables

AAON fundamental ratios Correlations

AAON Account Relationship Matchups

High Positive Relationship

High Negative Relationship

AAON fundamental ratios Accounts

Pair Trading with AAON

Moving together with AAON Stock

Moving against AAON Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total
Property Plant And Equipment Net	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets

Non Currrent Assets Other	- 0.83	Short Term Debt
Cash And Short Term Investments	- 0.82	Net Debt
Cash	- 0.76	Net Debt
Short Term Debt	- 0.61	Other Current Liab
Non Currrent Assets Other	- 0.57	Cash
Short Term Debt	- 0.53	Net Debt