AstroNova Net Receivables vs Net Tangible Assets Analysis

ALOT Stock

USD 11.22 0.06 0.53%

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 Net Receivables and its Net Tangible Assets 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.

Net Receivables vs Net Tangible Assets

Net Receivables vs Net Tangible Assets Correlation Analysis

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

The correlation between AstroNova's Net Receivables and Net Tangible Assets is -0.36. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of AstroNova, assuming nothing else is changed. The correlation between historical values of AstroNova's Net Receivables and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of AstroNova are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Net Receivables i.e., AstroNova's Net Receivables and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

-0.36

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Receivables

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

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 Tax Provision is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 80.1 M in 2025, whereas Selling General Administrative is likely to drop slightly above 11.7 M in 2025.

	2022	2023	2024	2025 (projected)
Gross Profit	48.2M	53.7M	52.7M	29.6M
Total Revenue	142.5M	148.1M	151.3M	158.8M

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		0.73	0.91	0.92	0.68	0.74	0.75	0.77	-0.23	0.92	0.77	-0.46	0.78	0.32	0.77	0.94	-0.22	0.34	0.91	0.72	0.66	0.73	-0.19	0.71	0.71	0.86
Short Long Term Debt Total	0.73		0.5	0.82	0.28	0.57	0.79	0.39	-0.35	0.73	0.62	-0.5	0.5	0.29	0.58	0.75	-0.52	-0.01	0.76	0.75	0.27	0.71	-0.32	0.47	0.75	0.73
Other Current Liab	0.91	0.5		0.78	0.68	0.64	0.6	0.74	-0.15	0.82	0.72	-0.37	0.74	0.24	0.72	0.81	-0.08	0.37	0.8	0.51	0.65	0.6	-0.13	0.58	0.49	0.75
Total Current Liabilities	0.92	0.82	0.78		0.41	0.72	0.89	0.52	-0.32	0.9	0.84	-0.57	0.58	0.22	0.77	0.94	-0.29	0.1	0.96	0.87	0.44	0.91	-0.19	0.58	0.84	0.9
Total Stockholder Equity	0.68	0.28	0.68	0.41		0.66	0.16	0.96	0.03	0.48	0.38	-0.01	0.81	0.49	0.24	0.59	0.09	0.83	0.36	0.3	0.93	0.21	-0.11	0.55	0.25	0.29
Property Plant And Equipment Net	0.74	0.57	0.64	0.72	0.66		0.65	0.69	-0.35	0.73	0.73	-0.5	0.7	0.16	0.51	0.8	-0.2	0.43	0.66	0.68	0.61	0.57	0.06	0.59	0.64	0.62
Net Debt	0.75	0.79	0.6	0.89	0.16	0.65		0.32	-0.67	0.87	0.83	-0.82	0.46	-0.02	0.78	0.85	-0.45	-0.2	0.89	0.81	0.13	0.79	-0.16	0.54	0.81	0.89
Retained Earnings	0.77	0.39	0.74	0.52	0.96	0.69	0.32		-0.13	0.64	0.52	-0.24	0.89	0.33	0.42	0.7	-0.14	0.65	0.5	0.37	0.85	0.26	-0.24	0.7	0.33	0.45
Cash	-0.23	-0.35	-0.15	-0.32	0.03	-0.35	-0.67	-0.13		-0.45	-0.5	0.84	-0.25	0.23	-0.35	-0.43	0.39	0.31	-0.35	-0.36	0.18	-0.17	0.05	-0.31	-0.34	-0.38
Non Current Assets Total	0.92	0.73	0.82	0.9	0.48	0.73	0.87	0.64	-0.45		0.84	-0.73	0.74	-0.03	0.9	0.91	-0.49	0.02	0.96	0.66	0.39	0.67	-0.2	0.75	0.7	0.94
Non Currrent Assets Other	0.77	0.62	0.72	0.84	0.38	0.73	0.83	0.52	-0.5	0.84		-0.75	0.45	0.06	0.61	0.9	-0.33	0.05	0.78	0.77	0.27	0.71	-0.22	0.51	0.79	0.75
Cash And Short Term Investments	-0.46	-0.5	-0.37	-0.57	-0.01	-0.5	-0.82	-0.24	0.84	-0.73	-0.75		-0.37	0.43	-0.65	-0.64	0.67	0.43	-0.64	-0.51	0.15	-0.38	0.16	-0.52	-0.52	-0.66
Net Receivables	0.78	0.5	0.74	0.58	0.81	0.7	0.46	0.89	-0.25	0.74	0.45	-0.37		0.13	0.64	0.7	-0.33	0.42	0.64	0.36	0.75	0.28	-0.13	0.79	0.33	0.61
Common Stock Shares Outstanding	0.32	0.29	0.24	0.22	0.49	0.16	-0.02	0.33	0.23	-0.03	0.06	0.43	0.13		-0.25	0.24	0.52	0.72	0.01	0.31	0.56	0.28	0.02	-0.13	0.29	-0.07
Non Current Liabilities Total	0.77	0.58	0.72	0.77	0.24	0.51	0.78	0.42	-0.35	0.9	0.61	-0.65	0.64	-0.25		0.7	-0.48	-0.22	0.93	0.44	0.23	0.55	-0.15	0.75	0.49	0.95
Inventory	0.94	0.75	0.81	0.94	0.59	0.8	0.85	0.7	-0.43	0.91	0.9	-0.64	0.7	0.24	0.7		-0.31	0.24	0.89	0.85	0.54	0.77	-0.17	0.67	0.79	0.83
Other Current Assets	-0.22	-0.52	-0.08	-0.29	0.09	-0.2	-0.45	-0.14	0.39	-0.49	-0.33	0.67	-0.33	0.52	-0.48	-0.31		0.52	-0.4	-0.2	0.24	-0.11	0.38	-0.4	-0.24	-0.43
Other Stockholder Equity	0.34	-0.01	0.37	0.1	0.83	0.43	-0.2	0.65	0.31	0.02	0.05	0.43	0.42	0.72	-0.22	0.24	0.52		-0.04	0.14	0.84	0.07	0.16	0.1	0.06	-0.13
Total Liab	0.91	0.76	0.8	0.96	0.36	0.66	0.89	0.5	-0.35	0.96	0.78	-0.64	0.64	0.01	0.93	0.89	-0.4	-0.04		0.72	0.37	0.8	-0.18	0.69	0.73	0.98
Property Plant And Equipment Gross	0.72	0.75	0.51	0.87	0.3	0.68	0.81	0.37	-0.36	0.66	0.77	-0.51	0.36	0.31	0.44	0.85	-0.2	0.14	0.72		0.34	0.87	-0.1	0.39	0.91	0.67
Total Current Assets	0.66	0.27	0.65	0.44	0.93	0.61	0.13	0.85	0.18	0.39	0.27	0.15	0.75	0.56	0.23	0.54	0.24	0.84	0.37	0.34		0.33	-0.09	0.51	0.24	0.29
Short Term Debt	0.73	0.71	0.6	0.91	0.21	0.57	0.79	0.26	-0.17	0.67	0.71	-0.38	0.28	0.28	0.55	0.77	-0.11	0.07	0.8	0.87	0.33		-0.21	0.27	0.83	0.73
Intangible Assets	-0.19	-0.32	-0.13	-0.19	-0.11	0.06	-0.16	-0.24	0.05	-0.2	-0.22	0.16	-0.13	0.02	-0.15	-0.17	0.38	0.16	-0.18	-0.1	-0.09	-0.21		-0.2	-0.16	-0.18
Accounts Payable	0.71	0.47	0.58	0.58	0.55	0.59	0.54	0.7	-0.31	0.75	0.51	-0.52	0.79	-0.13	0.75	0.67	-0.4	0.1	0.69	0.39	0.51	0.27	-0.2		0.36	0.73
Other Assets	0.71	0.75	0.49	0.84	0.25	0.64	0.81	0.33	-0.34	0.7	0.79	-0.52	0.33	0.29	0.49	0.79	-0.24	0.06	0.73	0.91	0.24	0.83	-0.16	0.36		0.71
Long Term Debt	0.86	0.73	0.75	0.9	0.29	0.62	0.89	0.45	-0.38	0.94	0.75	-0.66	0.61	-0.07	0.95	0.83	-0.43	-0.13	0.98	0.67	0.29	0.73	-0.18	0.73	0.71

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AstroNova Account Relationship Matchups

AstroNova fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	115.5M	115.0M	138.5M	133.3M	145.6M	152.9M
Short Long Term Debt Total	17.9M	10.0M	30.1M	22.4M	44.3M	46.5M
Other Current Liab	8.6M	9.5M	10.0M	8.0M	9.4M	9.9M
Total Current Liabilities	21.0M	20.0M	37.4M	29.8M	46.3M	48.7M
Total Stockholder Equity	74.7M	81.0M	84.4M	90.3M	75.8M	50.2M
Property Plant And Equipment Net	13.4M	12.5M	15.1M	14.8M	19.4M	10.3M
Net Debt	6.5M	4.7M	26.2M	17.9M	43.5M	45.6M
Retained Earnings	50.1M	56.5M	59.2M	63.9M	49.4M	34.2M
Cash	11.4M	5.3M	3.9M	4.5M	5.1M	6.8M
Non Current Assets Total	54.8M	51.2M	58.7M	56.6M	67.7M	71.1M
Non Currrent Assets Other	1.1M	1.7M	1.6M	1.4M	1.8M	1.9M
Cash And Short Term Investments	11.4M	5.3M	3.9M	4.5M	5.1M	4.8M
Net Receivables	17.4M	17.1M	21.6M	23.1M	21.2M	12.3M
Common Stock Shares Outstanding	7.2M	7.3M	7.4M	7.5M	7.5M	7.7M
Liabilities And Stockholders Equity	115.5M	115.0M	138.5M	133.3M	145.6M	152.9M
Non Current Liabilities Total	19.8M	13.9M	16.7M	13.2M	23.5M	24.7M
Inventory	30.1M	34.6M	51.3M	46.4M	47.9M	50.3M
Other Current Assets	1.8M	6.8M	2.9M	2.7M	3.8M	3.6M
Other Stockholder Equity	24.5M	25.7M	26.9M	28.1M	26.4M	17.8M
Total Liab	40.8M	33.9M	54.1M	43.0M	69.8M	73.3M
Property Plant And Equipment Gross	13.4M	11.4M	56.2M	57.6M	64.1M	67.3M
Total Current Assets	60.7M	63.8M	79.8M	76.7M	77.9M	45.9M
Accumulated Other Comprehensive Income	(384K)	(1.7M)	(2.2M)	(2.2M)	(2.6M)	(2.7M)
Short Term Debt	5.7M	1.3M	18.3M	12.0M	27.9M	29.3M
Intangible Assets	21.5M	19.2M	20.7M	18.8M	23.5M	19.7M
Accounts Payable	5.7M	8.6M	8.5M	8.1M	7.9M	4.3M
Other Assets	7.0M	7.3M	8.5M	27.9M	32.0M	33.6M
Long Term Debt	11.5M	8.2M	12.0M	10.1M	19.0M	20.0M
Good Will	12.8M	12.2M	14.7M	14.6M	14.5M	13.8M
Common Stock Total Equity	517K	521K	528K	534K	614.1K	455.3K
Treasury Stock	(33.5M)	(33.6M)	(34.0M)	(34.2M)	(30.8M)	(29.3M)
Common Stock	521K	528K	534K	541K	547K	466.3K
Property Plant Equipment	11.3M	13.4M	11.4M	14.3M	16.4M	10.6M
Current Deferred Revenue	285K	262K	1.9M	1.3M	543K	641.5K
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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