Alliance Total Assets vs Property Plant And Equipment Net Analysis

AENT Stock   6.18  0.68  12.36%   
Alliance Entertainment financial indicator trend analysis is way more than just evaluating Alliance Entertainment prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alliance Entertainment is a good investment. Please check the relationship between Alliance Entertainment Total Assets and its Property Plant And Equipment Net accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alliance Entertainment 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.

Total Assets vs Property Plant And Equipment Net

Total Assets vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alliance Entertainment Total Assets account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Alliance Entertainment's Total Assets and Property Plant And Equipment Net is -0.26. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Alliance Entertainment Holding, assuming nothing else is changed. The correlation between historical values of Alliance Entertainment's Total Assets and Property Plant And Equipment Net 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 Assets of Alliance Entertainment Holding are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Total Assets i.e., Alliance Entertainment's Total Assets and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

-0.26
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Assets

Total assets refers to the total amount of Alliance Entertainment assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Alliance Entertainment books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Alliance Entertainment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alliance Entertainment 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 Alliance Entertainment 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.
At this time, Alliance Entertainment's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 14.13 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 2 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit182.4M103.9M104.7M106.3M
Total Revenue1.4B1.2B1.1B1.2B

Alliance Entertainment fundamental ratios Correlations

0.470.63-0.770.340.540.510.70.380.630.47-0.09-0.110.24-0.610.46-0.110.580.74-0.040.37-0.570.250.430.42-0.74
0.470.9-0.680.930.970.670.9-0.260.890.980.570.27-0.43-0.330.240.270.910.39-0.490.98-0.12-0.460.991.0-0.82
0.630.9-0.810.860.90.490.95-0.11.00.870.25-0.12-0.24-0.370.6-0.120.80.59-0.540.87-0.27-0.140.880.88-0.9
-0.77-0.68-0.81-0.46-0.81-0.73-0.93-0.48-0.81-0.730.030.07-0.270.66-0.580.07-0.75-0.94-0.03-0.580.75-0.23-0.63-0.630.98
0.340.930.86-0.460.820.410.76-0.550.850.850.580.16-0.61-0.170.220.160.790.14-0.770.950.17-0.540.950.95-0.64
0.540.970.9-0.810.820.720.94-0.050.90.990.470.2-0.29-0.350.380.20.880.55-0.310.94-0.3-0.340.940.95-0.9
0.510.670.49-0.730.410.720.730.340.480.70.390.60.1-0.77-0.120.60.860.620.230.54-0.55-0.160.640.63-0.75
0.70.90.95-0.930.760.940.730.130.940.90.230.04-0.05-0.560.490.040.890.75-0.280.83-0.49-0.070.860.86-0.99
0.38-0.26-0.1-0.48-0.55-0.050.340.13-0.1-0.15-0.58-0.170.87-0.510.26-0.17-0.040.740.81-0.39-0.890.74-0.34-0.33-0.29
0.630.891.0-0.810.850.90.480.94-0.10.860.23-0.14-0.23-0.360.61-0.140.790.59-0.550.86-0.27-0.130.870.87-0.9
0.470.980.87-0.730.850.990.70.9-0.150.860.580.28-0.4-0.290.30.280.870.45-0.360.96-0.19-0.460.960.97-0.85
-0.090.570.250.030.580.470.390.23-0.580.230.580.78-0.840.04-0.390.780.52-0.33-0.340.620.52-0.970.60.63-0.14
-0.110.27-0.120.070.160.20.60.04-0.17-0.140.280.78-0.38-0.3-0.761.00.45-0.210.180.230.21-0.670.30.3-0.01
0.24-0.43-0.24-0.27-0.61-0.290.1-0.050.87-0.23-0.4-0.84-0.38-0.420.16-0.38-0.230.580.68-0.56-0.810.93-0.48-0.51-0.08
-0.61-0.33-0.370.66-0.17-0.35-0.77-0.56-0.51-0.36-0.290.04-0.3-0.420.05-0.3-0.68-0.7-0.21-0.150.63-0.27-0.32-0.280.62
0.460.240.6-0.580.220.38-0.120.490.260.610.3-0.39-0.760.160.05-0.760.070.58-0.220.27-0.40.40.180.21-0.53
-0.110.27-0.120.070.160.20.60.04-0.17-0.140.280.781.0-0.38-0.3-0.760.45-0.210.180.230.21-0.670.30.3-0.01
0.580.910.8-0.750.790.880.860.89-0.040.790.870.520.45-0.23-0.680.070.450.52-0.290.82-0.28-0.340.910.89-0.85
0.740.390.59-0.940.140.550.620.750.740.590.45-0.33-0.210.58-0.70.58-0.210.520.290.26-0.920.530.320.31-0.84
-0.04-0.49-0.54-0.03-0.77-0.310.23-0.280.81-0.55-0.36-0.340.180.68-0.21-0.220.18-0.290.29-0.58-0.570.44-0.55-0.530.14
0.370.980.87-0.580.950.940.540.83-0.390.860.960.620.23-0.56-0.150.270.230.820.26-0.580.02-0.560.980.99-0.74
-0.57-0.12-0.270.750.17-0.3-0.55-0.49-0.89-0.27-0.190.520.21-0.810.63-0.40.21-0.28-0.92-0.570.02-0.7-0.05-0.030.62
0.25-0.46-0.14-0.23-0.54-0.34-0.16-0.070.74-0.13-0.46-0.97-0.670.93-0.270.4-0.67-0.340.530.44-0.56-0.7-0.51-0.54-0.05
0.430.990.88-0.630.950.940.640.86-0.340.870.960.60.3-0.48-0.320.180.30.910.32-0.550.98-0.05-0.511.0-0.78
0.421.00.88-0.630.950.950.630.86-0.330.870.970.630.3-0.51-0.280.210.30.890.31-0.530.99-0.03-0.541.0-0.78
-0.74-0.82-0.90.98-0.64-0.9-0.75-0.99-0.29-0.9-0.85-0.14-0.01-0.080.62-0.53-0.01-0.85-0.840.14-0.740.62-0.05-0.78-0.78
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Alliance Entertainment Account Relationship Matchups

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