Aerospace Intangible Assets vs Accounts Payable Analysis

000901 Stock   12.00  0.05  0.42%   
Aerospace financial indicator trend analysis is way more than just evaluating Aerospace Hi Tech prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aerospace Hi Tech is a good investment. Please check the relationship between Aerospace Intangible Assets and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aerospace Hi Tech Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Intangible Assets vs Accounts Payable

Intangible Assets vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aerospace Hi Tech Intangible Assets account and Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Aerospace's Intangible Assets and Accounts Payable is 0.59. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Aerospace Hi Tech Holding, assuming nothing else is changed. The correlation between historical values of Aerospace's Intangible Assets and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Aerospace Hi Tech Holding are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Intangible Assets i.e., Aerospace's Intangible Assets and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.59
Relationship DirectionPositive 
Relationship StrengthWeak

Intangible Assets

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

Accounts Payable

An accounting item on the balance sheet that represents Aerospace obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Aerospace Hi Tech are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Aerospace's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aerospace Hi Tech 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 Aerospace Hi Tech Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
As of December 23, 2024, Selling General Administrative is expected to decline to about 204.2 M. In addition to that, Tax Provision is expected to decline to about 20.5 M
 2021 2022 2023 2024 (projected)
Gross Profit1.0B1.1B1.1B1.2B
Research Development280.1M296.3M377.9M305.4M

Aerospace fundamental ratios Correlations

0.190.980.970.980.360.960.820.920.930.970.740.970.760.920.950.830.530.91-0.610.530.860.8-0.750.87-0.74
0.190.030.320.270.42-0.050.540.040.25-0.030.550.020.440.07-0.05-0.090.150.2-0.010.540.040.12-0.5-0.03-0.29
0.980.030.90.950.270.990.70.920.890.990.620.990.680.920.970.880.540.85-0.610.430.820.76-0.640.86-0.67
0.970.320.90.950.480.890.880.860.910.90.810.890.80.890.880.690.50.93-0.540.650.890.82-0.820.83-0.81
0.980.270.950.950.410.910.830.870.940.920.750.940.820.850.890.80.460.87-0.520.540.820.74-0.760.79-0.78
0.360.420.270.480.410.170.460.00.550.20.760.20.770.130.110.260.330.210.420.550.440.28-0.190.0-0.46
0.96-0.050.990.890.910.170.660.960.851.00.540.990.590.950.990.830.520.88-0.680.390.830.78-0.660.91-0.67
0.820.540.70.880.830.460.660.690.790.690.890.70.820.710.670.520.420.83-0.510.610.730.76-0.780.71-0.66
0.920.040.920.860.870.00.960.690.770.950.480.950.470.960.980.740.450.91-0.840.380.780.78-0.740.95-0.61
0.930.250.890.910.940.550.850.790.770.860.780.870.850.780.820.810.540.78-0.380.430.840.69-0.640.69-0.75
0.97-0.030.990.90.920.21.00.690.950.860.580.990.610.950.990.850.540.88-0.680.410.840.79-0.660.91-0.66
0.740.550.620.810.750.760.540.890.480.780.580.60.910.550.510.550.450.64-0.190.650.660.63-0.60.49-0.59
0.970.020.990.890.940.20.990.70.950.870.990.60.640.930.980.890.520.86-0.680.390.810.76-0.650.88-0.63
0.760.440.680.80.820.770.590.820.470.850.610.910.640.50.540.620.370.63-0.080.570.720.6-0.540.46-0.7
0.920.070.920.890.850.130.950.710.960.780.950.550.930.50.970.710.540.93-0.780.510.830.86-0.690.95-0.57
0.95-0.050.970.880.890.110.990.670.980.820.990.510.980.540.970.810.480.9-0.750.410.840.81-0.660.94-0.62
0.83-0.090.880.690.80.260.830.520.740.810.850.550.890.620.710.810.510.6-0.450.190.670.56-0.350.65-0.43
0.530.150.540.50.460.330.520.420.450.540.540.450.520.370.540.480.510.38-0.250.190.370.32-0.310.37-0.35
0.910.20.850.930.870.210.880.830.910.780.880.640.860.630.930.90.60.38-0.740.60.90.91-0.810.95-0.7
-0.61-0.01-0.61-0.54-0.520.42-0.68-0.51-0.84-0.38-0.68-0.19-0.68-0.08-0.78-0.75-0.45-0.25-0.74-0.21-0.49-0.640.58-0.850.22
0.530.540.430.650.540.550.390.610.380.430.410.650.390.570.510.410.190.190.6-0.210.540.7-0.50.48-0.41
0.860.040.820.890.820.440.830.730.780.840.840.660.810.720.830.840.670.370.9-0.490.540.88-0.590.84-0.68
0.80.120.760.820.740.280.780.760.780.690.790.630.760.60.860.810.560.320.91-0.640.70.88-0.550.9-0.46
-0.75-0.5-0.64-0.82-0.76-0.19-0.66-0.78-0.74-0.64-0.66-0.6-0.65-0.54-0.69-0.66-0.35-0.31-0.810.58-0.5-0.59-0.55-0.680.84
0.87-0.030.860.830.790.00.910.710.950.690.910.490.880.460.950.940.650.370.95-0.850.480.840.9-0.68-0.54
-0.74-0.29-0.67-0.81-0.78-0.46-0.67-0.66-0.61-0.75-0.66-0.59-0.63-0.7-0.57-0.62-0.43-0.35-0.70.22-0.41-0.68-0.460.84-0.54
Click cells to compare fundamentals

Aerospace Account Relationship Matchups

Aerospace fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.0B7.3B7.6B8.4B8.8B9.2B
Other Current Liab180.8M447.9M307.7M30.1M33.6M31.9M
Total Current Liabilities1.9B1.8B1.9B2.3B2.9B3.0B
Total Stockholder Equity4.1B4.3B4.2B4.3B4.2B4.4B
Other Liab334.5M372.1M389.3M393.2M452.2M474.8M
Retained Earnings1.0B340.3M364.9M322.7M169.5M326.1M
Accounts Payable1.1B1.1B1.3B1.6B2.0B2.1B
Cash863.7M1.2B1.2B1.1B988.3M507.0M
Other Assets236.7M298.5M558.4M637.7M733.3M770.0M
Net Receivables1.5B943.4M1.7B1.2B1.5B1.6B
Inventory1.2B1.2B1.3B1.8B2.0B2.1B
Other Current Assets270.0M240.5M239.9M257.5M161.6M130.8M
Total Liab2.7B2.8B3.2B3.9B4.4B4.6B
Intangible Assets510.6M299.9M308.9M327.6M355.6M187.8M
Property Plant Equipment1.4B1.5B1.7B2.0B2.3B2.4B
Long Term Debt432.0M210.7M341.5M503.8M502.0M527.1M
Net Tangible Assets2.8B3.8B3.7B3.7B4.3B3.1B
Good Will942.5M383.5M353.2M360.8M377.2M538.1M
Other Stockholder Equity73.6M91.1M150.5M(15.9M)(18.3M)(17.4M)
Deferred Long Term Liab119.2M172.4M100.5M140.5M161.6M124.8M
Short Long Term Debt348.9M14.5M80.7M142.6M231.8M147.1M
Total Current Assets3.9B4.5B4.5B5.0B5.2B4.5B
Non Current Assets Total3.1B2.8B3.1B3.4B3.6B3.3B
Non Currrent Assets Other45.5M312.8M332.8M228.6M271.6M176.5M
Non Current Liabilities Total795.6M993.6M1.2B1.6B1.5B1.1B
Non Current Liabilities Other103.5M112.6M110.2M101.3M149.2M112.4M
Net Invested Capital4.6B4.6B4.6B4.9B4.9B5.0B
Net Working Capital2.0B2.7B2.6B2.6B2.3B2.5B

Also Currently Popular

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.

Other Information on Investing in Aerospace Stock

Balance Sheet is a snapshot of the financial position of Aerospace Hi Tech at a specified time, usually calculated after every quarter, six months, or one year. Aerospace Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Aerospace and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Aerospace currently owns. An asset can also be divided into two categories, current and non-current.