AstroNova Depreciation And Amortization vs Gross Profit Analysis

ALOT Stock

USD 15.19 0.33 2.22%

AstroNova financial indicator trend analysis is way more than just evaluating AstroNova prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AstroNova is a good investment. Please check the relationship between AstroNova Depreciation And Amortization and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AstroNova. 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.

For more information on how to buy AstroNova Stock please use our How to Invest in AstroNova guide.

Depreciation And Amortization vs Gross Profit

Depreciation And Amortization vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AstroNova Depreciation And Amortization account and Gross Profit. At this time, the significance of the direction appears to have strong relationship.

The correlation between AstroNova's Depreciation And Amortization and Gross Profit is 0.76. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Gross Profit in the same time period over historical financial statements of AstroNova, assuming nothing else is changed. The correlation between historical values of AstroNova's Depreciation And Amortization 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 Depreciation And Amortization of AstroNova 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 Depreciation And Amortization i.e., AstroNova's Depreciation And Amortization and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of AstroNova minus its cost of goods sold. It is profit before AstroNova 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 AstroNova's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AstroNova 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 AstroNova. 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.

For more information on how to buy AstroNova Stock please use our How to Invest in AstroNova guide.At this time, AstroNova's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 19.59 in 2024, whereas Tax Provision is likely to drop slightly above 1 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	43.7M	48.2M	53.7M	28.9M
Total Revenue	117.5M	142.5M	148.1M	155.5M

Gross Profit Total Revenue

AstroNova 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	Cash	Non Current Assets Total	Non Currrent Assets Other	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	Intangible Assets	Accounts Payable	Other Assets	Long Term Debt
Total Assets		0.63	0.68	0.94	0.72	0.76	0.67	0.82	-0.19	0.9	0.73	-0.42	0.81	0.28	0.7	0.93	-0.17	0.36	0.88	0.65	0.66	0.68	-0.18	0.71	0.81	0.76
Short Long Term Debt Total	0.63		0.63	0.63	0.43	0.5	0.59	0.58	-0.34	0.64	0.41	-0.45	0.67	0.16	0.45	0.64	0.04	0.04	0.58	0.49	0.33	0.33	-0.38	0.55	0.59	0.51
Other Current Liab	0.68	0.63		0.66	0.59	0.77	0.67	0.73	-0.44	0.81	0.58	-0.61	0.86	-0.17	0.73	0.64	-0.39	0.14	0.75	0.22	0.42	0.23	-0.03	0.7	0.56	0.77
Total Current Liabilities	0.94	0.63	0.66		0.57	0.75	0.8	0.71	-0.29	0.91	0.78	-0.56	0.73	0.09	0.73	0.95	-0.3	0.17	0.93	0.74	0.54	0.82	-0.21	0.7	0.83	0.8
Total Stockholder Equity	0.72	0.43	0.59	0.57		0.75	0.22	0.96	0.05	0.51	0.4	0.02	0.81	0.48	0.29	0.59	0.04	0.83	0.46	0.3	0.94	0.38	-0.11	0.54	0.47	0.43
Property Plant And Equipment Net	0.76	0.5	0.77	0.75	0.75		0.62	0.81	-0.32	0.75	0.72	-0.49	0.74	0.11	0.49	0.8	-0.5	0.47	0.66	0.57	0.59	0.5	0.12	0.6	0.76	0.61
Net Debt	0.67	0.59	0.67	0.8	0.22	0.62		0.43	-0.77	0.86	0.77	-0.9	0.56	-0.25	0.74	0.81	-0.49	-0.24	0.83	0.64	0.09	0.55	-0.16	0.62	0.76	0.77
Retained Earnings	0.82	0.58	0.73	0.71	0.96	0.81	0.43		-0.11	0.69	0.56	-0.22	0.9	0.32	0.47	0.72	-0.06	0.64	0.64	0.39	0.86	0.45	-0.24	0.69	0.62	0.61
Cash	-0.19	-0.34	-0.44	-0.29	0.05	-0.32	-0.77	-0.11		-0.43	-0.49	0.83	-0.22	0.25	-0.31	-0.4	0.44	0.34	-0.32	-0.33	0.24	-0.06	0.05	-0.28	-0.41	-0.34
Non Current Assets Total	0.9	0.64	0.81	0.91	0.51	0.75	0.86	0.69	-0.43		0.8	-0.72	0.77	-0.12	0.87	0.89	-0.38	0.01	0.96	0.56	0.37	0.57	-0.2	0.77	0.85	0.89
Non Currrent Assets Other	0.73	0.41	0.58	0.78	0.4	0.72	0.77	0.56	-0.49	0.8		-0.76	0.44	-0.02	0.49	0.88	-0.66	0.03	0.68	0.71	0.22	0.58	-0.22	0.5	0.93	0.57
Cash And Short Term Investments	-0.42	-0.45	-0.61	-0.56	0.02	-0.49	-0.9	-0.22	0.83	-0.72	-0.76		-0.33	0.47	-0.6	-0.62	0.64	0.47	-0.63	-0.48	0.23	-0.28	0.16	-0.49	-0.7	-0.61
Net Receivables	0.81	0.67	0.86	0.73	0.81	0.74	0.56	0.9	-0.22	0.77	0.44	-0.33		0.11	0.69	0.68	-0.03	0.41	0.77	0.31	0.73	0.39	-0.12	0.78	0.52	0.77
Common Stock Shares Outstanding	0.28	0.16	-0.17	0.09	0.48	0.11	-0.25	0.32	0.25	-0.12	-0.02	0.47	0.11		-0.4	0.21	0.37	0.72	-0.17	0.28	0.55	0.14	0.03	-0.16	0.08	-0.34
Non Current Liabilities Total	0.7	0.45	0.73	0.73	0.29	0.49	0.74	0.47	-0.31	0.87	0.49	-0.6	0.69	-0.4		0.6	-0.21	-0.21	0.93	0.23	0.24	0.4	-0.13	0.79	0.5	0.97
Inventory	0.93	0.64	0.64	0.95	0.59	0.8	0.81	0.72	-0.4	0.89	0.88	-0.62	0.68	0.21	0.6		-0.39	0.22	0.83	0.83	0.49	0.73	-0.16	0.65	0.93	0.69
Other Current Assets	-0.17	0.04	-0.39	-0.3	0.04	-0.5	-0.49	-0.06	0.44	-0.38	-0.66	0.64	-0.03	0.37	-0.21	-0.39		0.18	-0.27	-0.36	0.21	-0.28	-0.24	0.03	-0.5	-0.22
Other Stockholder Equity	0.36	0.04	0.14	0.17	0.83	0.47	-0.24	0.64	0.34	0.01	0.03	0.47	0.41	0.72	-0.21	0.22	0.18		-0.02	0.11	0.84	0.19	0.17	0.08	0.1	-0.08
Total Liab	0.88	0.58	0.75	0.93	0.46	0.66	0.83	0.64	-0.32	0.96	0.68	-0.63	0.77	-0.17	0.93	0.83	-0.27	-0.02		0.52	0.42	0.66	-0.19	0.8	0.72	0.95
Property Plant And Equipment Gross	0.65	0.49	0.22	0.74	0.3	0.57	0.64	0.39	-0.33	0.56	0.71	-0.48	0.31	0.28	0.23	0.83	-0.36	0.11	0.52		0.27	0.73	-0.09	0.34	0.8	0.34
Total Current Assets	0.66	0.33	0.42	0.54	0.94	0.59	0.09	0.86	0.24	0.37	0.22	0.23	0.73	0.55	0.24	0.49	0.21	0.84	0.42	0.27		0.47	-0.08	0.48	0.28	0.37
Short Term Debt	0.68	0.33	0.23	0.82	0.38	0.5	0.55	0.45	-0.06	0.57	0.58	-0.28	0.39	0.14	0.4	0.73	-0.28	0.19	0.66	0.73	0.47		-0.26	0.29	0.61	0.46
Intangible Assets	-0.18	-0.38	-0.03	-0.21	-0.11	0.12	-0.16	-0.24	0.05	-0.2	-0.22	0.16	-0.12	0.03	-0.13	-0.16	-0.24	0.17	-0.19	-0.09	-0.08	-0.26		-0.17	-0.26	-0.17
Accounts Payable	0.71	0.55	0.7	0.7	0.54	0.6	0.62	0.69	-0.28	0.77	0.5	-0.49	0.78	-0.16	0.79	0.65	0.03	0.08	0.8	0.34	0.48	0.29	-0.17		0.55	0.87
Other Assets	0.81	0.59	0.56	0.83	0.47	0.76	0.76	0.62	-0.41	0.85	0.93	-0.7	0.52	0.08	0.5	0.93	-0.5	0.1	0.72	0.8	0.28	0.61	-0.26	0.55		0.59
Long Term Debt	0.76	0.51	0.77	0.8	0.43	0.61	0.77	0.61	-0.34	0.89	0.57	-0.61	0.77	-0.34	0.97	0.69	-0.22	-0.08	0.95	0.34	0.37	0.46	-0.17	0.87	0.59

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AstroNova Account Relationship Matchups

AstroNova fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	116.7M	115.5M	115.0M	138.5M	133.3M	139.9M
Short Long Term Debt Total	20.7M	17.9M	10.0M	30.1M	22.4M	23.6M
Other Current Liab	10.2M	8.6M	9.5M	10.0M	8.0M	4.2M
Total Current Liabilities	26.8M	21.0M	20.0M	37.4M	29.8M	31.2M
Total Stockholder Equity	71.4M	74.7M	81.0M	84.4M	90.3M	49.4M
Property Plant And Equipment Net	12.9M	13.4M	12.5M	15.1M	14.8M	10.0M
Net Debt	16.5M	6.5M	4.7M	26.2M	17.9M	18.8M
Retained Earnings	49.3M	50.1M	56.5M	59.2M	63.9M	33.7M
Cash	4.2M	11.4M	5.3M	3.9M	4.5M	6.9M
Non Current Assets Total	56.5M	54.8M	51.2M	58.7M	56.7M	59.5M
Non Currrent Assets Other	1.1M	1.1M	1.7M	1.6M	1.5M	1.6M
Cash And Short Term Investments	4.2M	11.4M	5.3M	3.9M	4.5M	4.3M
Net Receivables	19.8M	17.4M	17.1M	21.6M	23.1M	12.1M
Common Stock Shares Outstanding	7.2M	7.2M	7.3M	7.4M	7.5M	7.7M
Liabilities And Stockholders Equity	116.7M	115.5M	115.0M	138.5M	133.3M	139.9M
Non Current Liabilities Total	18.5M	19.8M	13.9M	16.7M	13.2M	13.9M
Inventory	33.9M	30.1M	34.6M	51.3M	46.4M	48.7M
Other Current Assets	2.2M	1.8M	6.8M	2.9M	5.2M	10.3M
Other Stockholder Equity	22.7M	24.5M	25.7M	26.9M	28.1M	17.8M
Total Liab	45.3M	40.8M	33.9M	54.1M	43.0M	45.1M
Property Plant And Equipment Gross	12.9M	13.4M	11.4M	56.2M	57.6M	60.5M
Total Current Assets	60.2M	60.7M	63.8M	79.8M	76.6M	44.9M
Accumulated Other Comprehensive Income	(1.1M)	(384K)	(1.7M)	(2.2M)	(2.2M)	(2.3M)
Short Term Debt	11.7M	5.7M	1.3M	18.3M	12.0M	12.6M
Intangible Assets	25.4M	21.5M	19.2M	20.7M	18.8M	19.6M
Accounts Payable	4.4M	5.7M	8.6M	8.5M	8.1M	4.2M
Other Assets	6.2M	7.0M	7.3M	8.5M	9.7M	10.2M
Long Term Debt	7.7M	11.5M	8.2M	12.0M	10.1M	5.9M
Good Will	12.0M	12.8M	12.2M	14.7M	14.6M	13.9M
Common Stock Total Equity	517K	521K	528K	534K	614.1K	455.3K
Short Term Investments	1.5M	7.5M	4.2M	11.4M	13.2M	9.9M
Treasury Stock	(33.5M)	(33.6M)	(34.0M)	(34.2M)	(30.8M)	(29.3M)
Common Stock	517K	521K	528K	534K	541K	460.9K
Property Plant Equipment	11.3M	13.4M	11.4M	14.3M	16.4M	10.6M
Current Deferred Revenue	466K	285K	262K	1.9M	1.3M	1.4M
Other Liab	9.2M	7.2M	4.9M	4.7M	5.5M	4.4M
Net Tangible Assets	34.0M	40.4M	81.0M	48.5M	43.6M	44.8M
Retained Earnings Total Equity	49.3M	50.1M	56.5M	59.2M	68.1M	45.9M
Capital Surpluse	56.1M	58.0M	59.7M	61.1M	70.3M	55.2M
Deferred Long Term Liab	885K	384K	186K	1.3M	1.5M	1.6M

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