American Selling General Administrative vs Gross Profit Analysis

ACIC Stock  USD 12.85  0.32  2.43%   
American Coastal financial indicator trend analysis is way more than just evaluating American Coastal Ins prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Coastal Ins is a good investment. Please check the relationship between American Coastal Selling General Administrative and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Coastal Insurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Selling General Administrative vs Gross Profit

Selling General Administrative vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of American Coastal Ins Selling General Administrative account and Gross Profit. At this time, the significance of the direction appears to have almost identical trend.
The correlation between American Coastal's Selling General Administrative and Gross Profit is 0.93. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Gross Profit in the same time period over historical financial statements of American Coastal Insurance, assuming nothing else is changed. The correlation between historical values of American Coastal's Selling General Administrative and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of American Coastal Insurance are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Selling General Administrative i.e., American Coastal's Selling General Administrative and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.93
Relationship DirectionPositive 
Relationship StrengthVery Strong

Selling General Administrative

Gross Profit

Gross profit is a required income statement account that reflects total revenue of American Coastal Insurance minus its cost of goods sold. It is profit before American Coastal 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.
Most indicators from American Coastal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Coastal Ins 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 American Coastal Insurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
The current year's Selling General Administrative is expected to grow to about 43 M. The current year's Tax Provision is expected to grow to about 8.5 M
 2021 2022 2023 2024 (projected)
Gross Profit634.5M455.4M286.5M404.9M
Total Revenue634.5M455.4M286.5M404.9M

American Coastal fundamental ratios Correlations

0.84-0.720.660.440.43-0.16-0.220.90.860.310.840.820.780.84-0.080.170.980.740.740.810.890.830.040.870.83
0.84-0.590.660.50.630.17-0.350.830.820.281.00.580.910.950.370.420.80.580.90.810.690.80.40.790.99
-0.72-0.59-0.21-0.39-0.240.220.1-0.83-0.67-0.7-0.6-0.78-0.56-0.61-0.030.35-0.69-0.21-0.53-0.71-0.73-0.62-0.04-0.58-0.62
0.660.66-0.210.540.40.19-0.010.670.52-0.370.660.510.630.650.080.710.60.820.60.560.580.670.130.530.68
0.440.5-0.390.540.160.280.580.670.310.080.490.560.480.470.050.120.270.140.450.540.560.840.130.020.55
0.430.63-0.240.40.16-0.03-0.370.350.57-0.030.610.280.530.590.350.440.420.430.540.560.410.370.340.460.6
-0.160.170.220.190.28-0.030.11-0.05-0.39-0.190.18-0.360.090.070.320.4-0.23-0.110.11-0.29-0.40.090.14-0.140.19
-0.22-0.350.1-0.010.58-0.370.11-0.03-0.42-0.16-0.360.13-0.35-0.38-0.52-0.33-0.36-0.3-0.37-0.180.010.16-0.46-0.66-0.31
0.90.83-0.830.670.670.35-0.05-0.030.810.40.830.830.760.820.090.10.830.530.730.860.890.90.160.690.85
0.860.82-0.670.520.310.57-0.39-0.420.810.360.820.720.830.860.250.20.860.590.810.920.840.70.370.820.82
0.310.28-0.7-0.370.08-0.03-0.19-0.160.40.360.290.220.210.230.07-0.650.32-0.360.210.320.310.240.060.280.29
0.841.0-0.60.660.490.610.18-0.360.830.820.290.570.920.960.380.410.80.580.910.80.680.790.40.80.99
0.820.58-0.780.510.560.28-0.360.130.830.720.220.570.570.64-0.22-0.090.770.580.530.790.90.77-0.060.550.59
0.780.91-0.560.630.480.530.09-0.350.760.830.210.920.570.960.420.430.750.561.00.810.640.740.440.740.94
0.840.95-0.610.650.470.590.07-0.380.820.860.230.960.640.960.410.420.80.620.960.870.720.770.480.80.97
-0.080.37-0.030.080.050.350.32-0.520.090.250.070.38-0.220.420.410.47-0.08-0.130.480.26-0.140.060.890.160.39
0.170.420.350.710.120.440.4-0.330.10.2-0.650.41-0.090.430.420.470.160.590.440.180.010.20.460.310.41
0.980.8-0.690.60.270.42-0.23-0.360.830.860.320.80.770.750.8-0.080.160.770.70.760.840.720.030.930.79
0.740.58-0.210.820.140.43-0.11-0.30.530.59-0.360.580.580.560.62-0.130.590.770.520.50.60.49-0.020.750.56
0.740.9-0.530.60.450.540.11-0.370.730.810.210.910.531.00.960.480.440.70.520.80.60.70.490.710.93
0.810.81-0.710.560.540.56-0.29-0.180.860.920.320.80.790.810.870.260.180.760.50.80.910.790.420.660.83
0.890.69-0.730.580.560.41-0.40.010.890.840.310.680.90.640.72-0.140.010.840.60.60.910.830.060.640.7
0.830.8-0.620.670.840.370.090.160.90.70.240.790.770.740.770.060.20.720.490.70.790.830.170.530.82
0.040.4-0.040.130.130.340.14-0.460.160.370.060.4-0.060.440.480.890.460.03-0.020.490.420.060.170.220.42
0.870.79-0.580.530.020.46-0.14-0.660.690.820.280.80.550.740.80.160.310.930.750.710.660.640.530.220.76
0.830.99-0.620.680.550.60.19-0.310.850.820.290.990.590.940.970.390.410.790.560.930.830.70.820.420.76
Click cells to compare fundamentals

American Coastal Account Relationship Matchups

American Coastal fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.5B2.8B2.7B2.8B572.7M544.0M
Short Long Term Debt Total170.3M160.4M158.7M154.6M149.5M90.7M
Other Current Liab(244.7M)(665.7M)(324.9M)(134.4M)(75.6M)(79.4M)
Total Current Liabilities244.7M11.0K324.9M134.4M75.6M104.5M
Total Stockholder Equity503.1M395.8M312.4M(180.2M)168.8M217.0M
Other Liab461.8M124.3M153.8M238.2M273.9M140.0M
Net Debt(56.2M)(79.1M)(53.5M)(75.7M)(4.3M)(4.5M)
Retained Earnings100.4M(6.6M)(74.9M)(544.4M)(237.4M)(225.5M)
Accounts Payable244.7M332.8M324.9M134.4M75.6M123.3M
Cash215.5M239.4M212.0M229.9M153.8M121.5M
Other Assets(403.1M)1.8B(77.9M)7.3M8.4M12.4M
Long Term Debt158.9M158.0M156.6M152.5M148.7M87.3M
Cash And Short Term Investments1.1B1.2B875.6M606.4M153.8M146.1M
Common Stock Shares Outstanding42.8M42.9M42.9M43.1M44.4M28.5M
Liabilities And Stockholders Equity2.5B2.8B2.7B2.8B572.7M544.0M
Non Current Liabilities Total159.3M160.4M158.5M154.2M892.4M937.0M
Other Stockholder Equity391.4M(491.4M)393.8M395.2M423.3M444.5M
Total Liab1.9B2.4B2.4B3.0B403.9M383.7M
Total Current Assets1.7B1.4M2.0B2.3B228.4M217.0M
Accumulated Other Comprehensive Income11.3M9.7M(6.5M)(30.9M)(17.1M)(16.3M)
Property Plant Equipment32.7M34.2M31.6M19.6M22.5M13.6M
Property Plant And Equipment Net32.7M34.2M31.6M19.6M4.3M4.0M
Non Current Assets Total1.1B1.1B824.5M507.3M344.3M576.6M
Non Currrent Assets Other(47.7M)(35.4M)(43.8M)(21.9M)250.9M263.4M
Net Receivables636.7M908.5M1.1B1.7B388.4M422.7M
Short Term Investments884.9M940.0M663.6M376.5M7.2M6.8M
Other Current Assets476.4M(499.6M)364.5M394.0M228.4M239.8M
Property Plant And Equipment Gross17.3M17.1M32.7M34.2M39.3M41.3M
Short Term Debt11.3M2.2M2.2M2.1M597K567.2K
Intangible Assets26.1M21.9M18.4M12.8M9.3M8.9M
Net Tangible Assets404.0M300.8M221.0M(254.3M)(292.4M)(277.8M)
Noncontrolling Interest In Consolidated Entity20.1M20.7M21.8M19.6M22.5M23.6M
Retained Earnings Total Equity100.4M(6.6M)(74.9M)(546.3M)(491.7M)(467.1M)
Long Term Debt Total158.9M158.0M156.6M152.5M175.3M98.6M
Capital Surpluse391.9M393.1M394.3M395.6M455.0M245.9M
Inventory(476.4M)(1.6B)(364.5M)(394.0M)(722.8M)(686.7M)

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether American Coastal Ins offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of American Coastal'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 American Coastal Insurance Stock. Outlined below are crucial reports that will aid in making a well-informed decision on American Coastal Insurance Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Coastal Insurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Is Property & Casualty Insurance 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 American Coastal. If investors know American 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 American Coastal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
1.76
Revenue Per Share
6.188
Quarterly Revenue Growth
(0.23)
Return On Assets
0.0641
Return On Equity
0.4462
The market value of American Coastal Ins is measured differently than its book value, which is the value of American that is recorded on the company's balance sheet. Investors also form their own opinion of American Coastal's value that differs from its market value or its book value, called intrinsic value, which is American Coastal'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 American Coastal's market value can be influenced by many factors that don't directly affect American Coastal'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 American Coastal's value and its price as these two are different measures arrived at by different means. Investors typically determine if American Coastal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Coastal'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.