AdvanSix Inventory vs Intangible Assets Analysis

ASIX Stock

USD 21.99 0.26 1.17%

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

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

Inventory vs Intangible Assets

Inventory vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AdvanSix Inventory account and Intangible Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between AdvanSix's Inventory and Intangible Assets is 0.9. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of AdvanSix, assuming nothing else is changed. The correlation between historical values of AdvanSix's Inventory and Intangible 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 Inventory of AdvanSix are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Inventory i.e., AdvanSix's Inventory and Intangible Assets go up and down completely randomly.

Correlation Coefficient

0.9

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Inventory

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Most indicators from AdvanSix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AdvanSix 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 AdvanSix. 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.

For more information on how to buy AdvanSix Stock please use our How to Invest in AdvanSix guide.Selling General Administrative is likely to drop to about 80.1 M in 2025. Tax Provision is likely to drop to about 1.4 M in 2025

	2022	2023	2024	2025 (projected)
Gross Profit	314.5M	165.1M	152.9M	206.5M
Total Revenue	1.9B	1.5B	1.5B	1.7B

Gross Profit Total Revenue

AdvanSix fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Retained Earnings
Common Stock Shares Outstanding		-0.73	-0.89	-0.57	-0.56	-0.59	-0.74	0.25	-0.19	-0.73	-0.12	-0.45	-0.2	0.08	-0.79	-0.61	-0.64	-0.13	0.24	-0.67	-0.89	-0.44	-0.58	0.56	-0.68	-0.17
Total Assets	-0.73		0.75	0.82	0.81	0.87	0.98	-0.25	0.3	0.99	-0.13	0.59	0.44	0.03	0.78	0.78	0.79	0.16	-0.24	0.87	0.8	0.68	0.84	-0.79	0.98	0.25
Other Current Liab	-0.89	0.75		0.66	0.67	0.58	0.72	-0.1	0.29	0.73	0.08	0.39	0.32	0.13	0.86	0.51	0.61	0.2	-0.18	0.6	0.9	0.57	0.64	-0.53	0.69	0.28
Total Current Liabilities	-0.57	0.82	0.66		0.83	0.57	0.7	0.05	0.77	0.74	-0.5	0.16	0.45	0.41	0.86	0.4	0.83	0.56	0.1	0.57	0.69	0.91	0.93	-0.51	0.72	0.48
Total Stockholder Equity	-0.56	0.81	0.67	0.83		0.45	0.73	-0.03	0.48	0.76	-0.34	0.09	0.31	0.26	0.81	0.27	0.86	0.38	-0.27	0.41	0.71	0.77	0.88	-0.32	0.75	0.73
Other Liab	-0.59	0.87	0.58	0.57	0.45		0.89	-0.4	0.11	0.89	0.05	0.85	0.47	-0.09	0.52	0.95	0.45	-0.08	-0.19	0.97	0.61	0.43	0.59	-0.97	0.88	-0.24
Property Plant And Equipment Net	-0.74	0.98	0.72	0.7	0.73	0.89		-0.32	0.14	1.0	-0.02	0.68	0.34	-0.13	0.69	0.84	0.73	0.02	-0.29	0.91	0.77	0.53	0.74	-0.81	0.99	0.15
Current Deferred Revenue	0.25	-0.25	-0.1	0.05	-0.03	-0.4	-0.32		0.14	-0.28	-0.44	-0.66	-0.31	-0.09	0.06	-0.42	0.22	0.39	0.23	-0.37	-0.18	-0.01	0.1	0.48	-0.31	0.34
Accounts Payable	-0.19	0.3	0.29	0.77	0.48	0.11	0.14	0.14		0.2	-0.57	-0.22	0.34	0.67	0.61	-0.11	0.44	0.65	0.38	0.07	0.34	0.75	0.64	-0.14	0.18	0.39
Non Current Assets Total	-0.73	0.99	0.73	0.74	0.76	0.89	1.0	-0.28	0.2		-0.06	0.65	0.37	-0.09	0.73	0.82	0.75	0.07	-0.29	0.89	0.78	0.58	0.79	-0.81	0.99	0.19
Non Currrent Assets Other	-0.12	-0.13	0.08	-0.5	-0.34	0.05	-0.02	-0.44	-0.57	-0.06		0.31	-0.15	-0.35	-0.25	0.2	-0.4	-0.31	-0.04	0.08	0.17	-0.47	-0.46	-0.1	-0.06	-0.38
Other Assets	-0.45	0.59	0.39	0.16	0.09	0.85	0.68	-0.66	-0.22	0.65	0.31		0.38	-0.2	0.16	0.89	0.02	-0.53	-0.29	0.84	0.36	0.06	0.15	-0.9	0.66	-0.57
Cash And Short Term Investments	-0.2	0.44	0.32	0.45	0.31	0.47	0.34	-0.31	0.34	0.37	-0.15	0.38		0.49	0.39	0.36	0.16	0.13	-0.2	0.42	0.32	0.66	0.42	-0.51	0.35	-0.13
Net Receivables	0.08	0.03	0.13	0.41	0.26	-0.09	-0.13	-0.09	0.67	-0.09	-0.35	-0.2	0.49		0.19	-0.3	-0.01	0.42	0.42	-0.18	0.0	0.66	0.18	0.04	-0.11	0.26
Good Will	-0.79	0.78	0.86	0.86	0.81	0.52	0.69	0.06	0.61	0.73	-0.25	0.16	0.39	0.19		0.38	0.83	0.46	-0.18	0.52	0.9	0.76	0.9	-0.45	0.68	0.48
Non Current Liabilities Total	-0.61	0.78	0.51	0.4	0.27	0.95	0.84	-0.42	-0.11	0.82	0.2	0.89	0.36	-0.3	0.38		0.36	-0.2	-0.19	0.98	0.55	0.24	0.41	-0.94	0.81	-0.38
Inventory	-0.64	0.79	0.61	0.83	0.86	0.45	0.73	0.22	0.44	0.75	-0.4	0.02	0.16	-0.01	0.83	0.36		0.51	-0.15	0.5	0.72	0.69	0.9	-0.32	0.71	0.66
Other Current Assets	-0.13	0.16	0.2	0.56	0.38	-0.08	0.02	0.39	0.65	0.07	-0.31	-0.53	0.13	0.42	0.46	-0.2	0.51		0.47	-0.06	0.31	0.6	0.48	0.16	0.02	0.56
Other Stockholder Equity	0.24	-0.24	-0.18	0.1	-0.27	-0.19	-0.29	0.23	0.38	-0.29	-0.04	-0.29	-0.2	0.42	-0.18	-0.19	-0.15	0.47		-0.15	-0.22	0.11	-0.19	0.12	-0.29	-0.05
Total Liab	-0.67	0.87	0.6	0.57	0.41	0.97	0.91	-0.37	0.07	0.89	0.08	0.84	0.42	-0.18	0.52	0.98	0.5	-0.06	-0.15		0.64	0.41	0.56	-0.95	0.88	-0.24
Property Plant And Equipment Gross	-0.89	0.8	0.9	0.69	0.71	0.61	0.77	-0.18	0.34	0.78	0.17	0.36	0.32	0.0	0.9	0.55	0.72	0.31	-0.22	0.64		0.58	0.75	-0.56	0.74	0.32
Total Current Assets	-0.44	0.68	0.57	0.91	0.77	0.43	0.53	-0.01	0.75	0.58	-0.47	0.06	0.66	0.66	0.76	0.24	0.69	0.6	0.11	0.41	0.58		0.81	-0.39	0.54	0.48
Intangible Assets	-0.58	0.84	0.64	0.93	0.88	0.59	0.74	0.1	0.64	0.79	-0.46	0.15	0.42	0.18	0.9	0.41	0.9	0.48	-0.19	0.56	0.75	0.81		-0.49	0.76	0.52
Common Stock	0.56	-0.79	-0.53	-0.51	-0.32	-0.97	-0.81	0.48	-0.14	-0.81	-0.1	-0.9	-0.51	0.04	-0.45	-0.94	-0.32	0.16	0.12	-0.95	-0.56	-0.39	-0.49		-0.8	0.39
Property Plant Equipment	-0.68	0.98	0.69	0.72	0.75	0.88	0.99	-0.31	0.18	0.99	-0.06	0.66	0.35	-0.11	0.68	0.81	0.71	0.02	-0.29	0.88	0.74	0.54	0.76	-0.8		0.17
Retained Earnings	-0.17	0.25	0.28	0.48	0.73	-0.24	0.15	0.34	0.39	0.19	-0.38	-0.57	-0.13	0.26	0.48	-0.38	0.66	0.56	-0.05	-0.24	0.32	0.48	0.52	0.39	0.17

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AdvanSix Account Relationship Matchups

AdvanSix fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Common Stock Shares Outstanding	28.2M	29.0M	29.0M	28.0M	27.3M	23.7M
Total Assets	1.3B	1.3B	1.5B	1.5B	1.6B	1.3B
Other Current Liab	41.2M	49.7M	48.8M	44.9M	89.8M	94.2M
Total Current Liabilities	287.0M	309.8M	393.5M	358.9M	357.1M	338.6M
Total Stockholder Equity	444.1M	601.2M	738.2M	739.2M	774.7M	560.6M
Other Liab	147.3M	171.6M	165.4M	170.1M	195.6M	131.0M
Property Plant And Equipment Net	880.0M	904.2M	925.8M	948.4M	1.1B	847.8M
Current Deferred Revenue	26.4M	2.7M	34.4M	15.7M	37.5M	18.8M
Accounts Payable	190.2M	221.2M	272.7M	258.3M	228.8M	248.3M
Non Current Assets Total	929.9M	962.1M	1.1B	1.1B	1.2B	923.5M
Non Currrent Assets Other	34.9M	40.4M	(137.2M)	25.4M	37.2M	39.0M
Other Assets	38.6M	34.9M	40.4M	23.2M	26.7M	32.3M
Cash And Short Term Investments	10.6M	15.1M	31.0M	29.8M	19.6M	21.9M
Net Receivables	135.8M	179.1M	185.2M	166.8M	145.7M	170.2M
Liabilities And Stockholders Equity	1.3B	1.3B	1.5B	1.5B	1.6B	1.3B
Non Current Liabilities Total	532.2M	401.0M	363.7M	397.9M	463.2M	405.9M
Inventory	180.1M	149.6M	215.5M	211.8M	212.4M	184.2M
Other Current Assets	7.0M	6.1M	9.2M	11.4M	9.5M	8.0M
Other Stockholder Equity	184.7M	195.9M	174.5M	138.0M	136.8M	169.1M
Total Liab	819.3M	710.8M	757.2M	756.8M	820.3M	744.5M
Property Plant And Equipment Gross	880.0M	904.2M	925.8M	2.0B	2.2B	2.3B
Total Current Assets	333.5M	349.9M	440.9M	419.8M	387.1M	381.7M
Accumulated Other Comprehensive Income	(16.1M)	(6.5M)	(4.2M)	(4.1M)	6.0M	6.3M
Common Stock	316K	318K	320K	326K	330K	313.5K
Property Plant Equipment	891.9M	765.5M	904.2M	925.8M	1.1B	775.3M
Retained Earnings	275.2M	411.5M	567.5M	605.1M	631.5M	383.7M
Long Term Debt	275M	135M	115M	170M	195M	209.1M
Short Long Term Debt Total	389.9M	271.7M	230.0M	266.0M	348.9M	326.6M
Net Tangible Assets	385.9M	429.1M	583.6M	632.7M	727.7M	471.2M
Net Debt	379.3M	256.6M	199.1M	236.2M	329.3M	302.8M
Cash	10.6M	15.1M	31.0M	29.8M	19.6M	17.1M
Common Stock Total Equity	314K	316K	318K	320K	368K	343.2K
Retained Earnings Total Equity	229.2M	275.2M	411.5M	567.5M	652.6M	685.3M
Long Term Debt Total	297.7M	275M	135M	115M	103.5M	175.5M
Capital Surpluse	180.9M	184.7M	195.9M	174.6M	157.1M	168.8M
Deferred Long Term Liab	110.1M	125.6M	133.3M	160.4M	184.5M	131.9M
Treasury Stock	(12K)	(35K)	(36K)	(45K)	(40.5K)	(38.5K)
Non Current Liabilities Other	131.7M	132.7M	10.7M	9.2M	11.5M	10.9M

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AdvanSix Inventory vs Intangible Assets Analysis

Inventory vs Intangible Assets

Inventory vs Intangible Assets Correlation Analysis

Correlation Coefficient

Inventory

Intangible Assets

AdvanSix fundamental ratios Correlations

AdvanSix Account Relationship Matchups

High Positive Relationship

High Negative Relationship

AdvanSix fundamental ratios Accounts

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Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Non Current Assets Total	+ 0.99	Total Assets
Property Plant Equipment	+ 0.99	Property Plant And Equipment Net
Property Plant Equipment	+ 0.99	Non Current Assets Total
Property Plant And Equipment Net	+ 0.98	Total Assets
Property Plant Equipment	+ 0.98	Total Assets

Common Stock	- 0.97	Other Liab
Common Stock	- 0.95	Total Liab
Common Stock	- 0.94	Non Current Liabilities Total
Common Stock	- 0.9	Other Assets
Property Plant And Equipment Gross	- 0.89	Common Stock Shares Outstanding
Other Current Liab	- 0.89	Common Stock Shares Outstanding