Stoneridge Total Current Assets vs Inventory Analysis

SRI Stock  USD 5.97  0.18  3.11%   
Stoneridge financial indicator trend analysis is much more than just breaking down Stoneridge prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Stoneridge is a good investment. Please check the relationship between Stoneridge Total Current Assets and its Inventory accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stoneridge. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
For more detail on how to invest in Stoneridge Stock please use our How to Invest in Stoneridge guide.

Total Current Assets vs Inventory

Total Current Assets vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Stoneridge Total Current Assets account and Inventory. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Stoneridge's Total Current Assets and Inventory is 0.8. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Inventory in the same time period over historical financial statements of Stoneridge, assuming nothing else is changed. The correlation between historical values of Stoneridge's Total Current Assets and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Stoneridge are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Total Current Assets i.e., Stoneridge's Total Current Assets and Inventory go up and down completely randomly.

Correlation Coefficient

0.8
Relationship DirectionPositive 
Relationship StrengthStrong

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Inventory

Most indicators from Stoneridge's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Stoneridge 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Stoneridge. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
For more detail on how to invest in Stoneridge Stock please use our How to Invest in Stoneridge guide.The Stoneridge's current Tax Provision is estimated to increase to about 3.5 M, while Selling General Administrative is projected to decrease to under 128.2 M.
 2023 2024 2025 2026 (projected)
Total Revenue975.8M908.3M1.0B778.3M
Interest Expense13M14.4M13.0M12.7M

Stoneridge fundamental ratios Correlations

0.820.540.860.690.90.620.470.890.740.87-0.120.740.920.630.80.780.320.540.90.470.960.190.370.030.52
0.820.490.880.210.630.920.050.710.480.74-0.380.480.70.320.950.690.380.260.950.360.80.550.51-0.290.34
0.540.490.480.260.380.370.10.460.470.30.140.470.490.570.540.510.240.520.560.30.610.080.12-0.230.32
0.860.880.480.350.70.70.10.880.660.78-0.40.660.840.450.790.620.240.430.920.240.840.620.59-0.110.25
0.690.210.260.350.740.00.880.680.590.570.360.590.710.520.20.54-0.010.40.310.40.69-0.43-0.120.350.61
0.90.630.380.70.740.40.510.770.730.89-0.150.730.830.610.640.560.260.480.720.290.80.10.380.180.37
0.620.920.370.70.00.4-0.040.520.120.53-0.380.120.50.070.850.670.330.00.830.410.60.530.39-0.490.34
0.470.050.10.10.880.51-0.040.450.320.290.570.320.440.22-0.030.57-0.210.060.10.550.46-0.52-0.450.210.78
0.890.710.460.880.680.770.520.450.640.75-0.160.640.970.550.630.690.030.50.770.350.910.270.340.10.47
0.740.480.470.660.590.730.120.320.640.64-0.031.00.680.740.510.370.190.70.620.190.720.170.30.360.24
0.870.740.30.780.570.890.530.290.750.64-0.40.640.80.420.760.450.380.380.770.120.740.290.680.070.19
-0.12-0.380.14-0.40.36-0.15-0.380.57-0.16-0.03-0.4-0.03-0.190.1-0.390.22-0.120.03-0.340.42-0.01-0.69-0.780.20.47
0.740.480.470.660.590.730.120.320.641.00.64-0.030.680.740.510.370.190.70.620.190.720.170.30.360.24
0.920.70.490.840.710.830.50.440.970.680.8-0.190.680.660.660.670.070.610.790.380.910.20.380.160.43
0.630.320.570.450.520.610.070.220.550.740.420.10.740.660.450.420.250.960.510.320.66-0.120.10.420.21
0.80.950.540.790.20.640.85-0.030.630.510.76-0.390.510.660.450.60.540.40.930.280.770.430.57-0.160.22
0.780.690.510.620.540.560.670.570.690.370.450.220.370.670.420.60.180.30.730.820.80.03-0.11-0.20.79
0.320.380.240.24-0.010.260.33-0.210.030.190.38-0.120.190.070.250.540.180.260.4-0.090.28-0.010.36-0.23-0.12
0.540.260.520.430.40.480.00.060.50.70.380.030.70.610.960.40.30.260.460.220.56-0.040.210.460.06
0.90.950.560.920.310.720.830.10.770.620.77-0.340.620.790.510.930.730.40.460.420.850.510.52-0.160.35
0.470.360.30.240.40.290.410.550.350.190.120.420.190.380.320.280.82-0.090.220.420.48-0.12-0.38-0.080.74
0.960.80.610.840.690.80.60.460.910.720.74-0.010.720.910.660.770.80.280.560.850.480.130.240.020.55
0.190.550.080.62-0.430.10.53-0.520.270.170.29-0.690.170.2-0.120.430.03-0.01-0.040.51-0.120.130.66-0.31-0.27
0.370.510.120.59-0.120.380.39-0.450.340.30.68-0.780.30.380.10.57-0.110.360.210.52-0.380.240.66-0.06-0.48
0.03-0.29-0.23-0.110.350.18-0.490.210.10.360.070.20.360.160.42-0.16-0.2-0.230.46-0.16-0.080.02-0.31-0.06-0.09
0.520.340.320.250.610.370.340.780.470.240.190.470.240.430.210.220.79-0.120.060.350.740.55-0.27-0.48-0.09
Click cells to compare fundamentals

Stoneridge Account Relationship Matchups

Stoneridge fundamental ratios Accounts

202120222023202420252026 (projected)
Total Assets665.4M652.1M679.9M621.6M714.8M582.5M
Short Long Term Debt Total184.1M179.8M203.0M208.1M187.3M151.2M
Other Current Liab70.1M66.0M60.3M66.5M76.5M55.1M
Total Current Liabilities173.1M177.7M178.2M150.0M172.5M139.6M
Total Stockholder Equity296.0M280.9M287.7M245.3M282.0M212.4M
Property Plant And Equipment Net126.2M118.4M120.9M107.7M123.9M115.6M
Net Debt98.6M125.0M162.2M136.2M122.6M110.9M
Retained Earnings215.7M201.7M196.5M180.0M207.0M217.3M
Accounts Payable97.7M110.2M111.9M83.5M96.0M72.8M
Cash85.5M54.8M40.8M71.8M82.6M55.3M
Non Current Assets Total254.6M242.6M250.5M234.0M210.6M211.3M
Non Currrent Assets Other(10.7M)(8.5M)38.2M53.6M48.2M50.6M
Cash And Short Term Investments85.5M54.8M40.8M71.8M82.6M55.3M
Net Receivables150.4M158.2M166.5M137.8M158.4M122.9M
Common Stock Shares Outstanding27.4M27.3M27.4M27.6M31.7M27.1M
Liabilities And Stockholders Equity665.4M652.1M679.9M621.6M714.8M582.5M
Non Current Liabilities Total196.4M193.5M213.9M226.3M203.7M162.4M
Inventory138.1M152.6M187.8M151.3M174.0M182.7M
Other Current Assets36.8M44.0M34.2M26.6M30.6M33.6M
Other Stockholder Equity177.2M182.4M184.0M187.3M215.4M184.5M
Total Liab369.4M371.2M392.2M376.3M432.7M362.8M
Property Plant And Equipment Gross126.2M118.4M428.1M426.5M490.5M515.0M
Total Current Assets410.8M409.6M429.4M387.5M445.6M292.0M
Accumulated Other Comprehensive Income(97.0M)(103.1M)(92.8M)(122.0M)(109.8M)(104.3M)
Short Term Debt5.2M1.5M6.0M8.0M7.2M10.8M
Intangible Assets49.9M45.5M47.3M39.7M35.7M33.9M
Other Liab29.3M27.3M17.5M15.1M17.3M15.4M
Long Term Debt164.0M167.8M189.3M201.6M181.4M123.7M
Good Will36.4M34.2M35.3M33.1M29.8M28.3M
Property Plant Equipment126.2M104.6M120.9M107.7M123.9M117.8M
Treasury Stock(50.8M)(60.5M)(55.3M)(50.4M)(45.3M)(43.1M)
Common Stock(60.5M)(55.3M)(50.4M)(38.4M)(34.6M)(32.9M)
Net Tangible Assets195.9M202.1M209.7M201.2M231.4M133.3M
Retained Earnings Total Equity206.5M212.3M215.7M201.7M231.9M243.5M
Long Term Debt Total164.0M167.8M189.3M201.6M231.8M243.4M
Capital Surpluse232.5M232.8M227.3M225.7M259.6M236.6M

Currently Active Assets on Macroaxis

When determining whether Stoneridge offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Stoneridge'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 Stoneridge Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Stoneridge Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stoneridge. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
For more detail on how to invest in Stoneridge Stock please use our How to Invest in Stoneridge guide.
You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Is Automotive Parts & Equipment 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 Stoneridge. If investors know Stoneridge 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 Stoneridge 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
1.948
Earnings Share
(1.15)
Revenue Per Share
31.522
Quarterly Revenue Growth
(0.02)
Return On Assets
(0.01)
The market value of Stoneridge is measured differently than its book value, which is the value of Stoneridge that is recorded on the company's balance sheet. Investors also form their own opinion of Stoneridge's value that differs from its market value or its book value, called intrinsic value, which is Stoneridge'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 Stoneridge's market value can be influenced by many factors that don't directly affect Stoneridge'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 Stoneridge's value and its price as these two are different measures arrived at by different means. Investors typically determine if Stoneridge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Stoneridge'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.