Amotiv Total Current Assets vs Other Current Liab Analysis

AOV Stock   5.19  0.03  0.58%   
Amotiv financial indicator trend analysis is way more than just evaluating Amotiv Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Amotiv Limited is a good investment. Please check the relationship between Amotiv Total Current Assets and its Other Current Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amotiv Limited. 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 Current Assets vs Other Current Liab

Total Current Assets vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Amotiv Limited Total Current Assets account and Other Current Liab. At this time, the significance of the direction appears to have very week relationship.
The correlation between Amotiv's Total Current Assets and Other Current Liab is 0.29. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Amotiv Limited, assuming nothing else is changed. The correlation between historical values of Amotiv's Total Current Assets and Other Current Liab 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 Amotiv Limited are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Total Current Assets i.e., Amotiv's Total Current Assets and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.29
Relationship DirectionPositive 
Relationship StrengthVery Weak

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.

Other Current Liab

Most indicators from Amotiv's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Amotiv Limited 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 Amotiv Limited. 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 the 23rd of December 2024, Selling General Administrative is likely to grow to about 87.9 M, though Tax Provision is likely to grow to (4.9 M).
 2021 2022 2023 2024 (projected)
Interest Expense3.6M6.6M12.5M9.4M
Depreciation And Amortization47.9M62.6M72.0M75.6M

Amotiv fundamental ratios Correlations

0.96-0.380.510.640.980.930.870.980.40.610.380.640.580.340.590.790.350.650.380.60.40.830.640.910.58
0.96-0.530.650.760.980.930.920.990.190.370.540.460.340.550.430.660.190.460.480.440.180.750.410.880.43
-0.38-0.53-0.99-0.92-0.44-0.42-0.74-0.50.050.25-0.830.330.29-0.380.450.22-0.130.34-0.620.450.060.080.31-0.340.41
0.510.65-0.990.950.560.530.820.620.02-0.120.81-0.19-0.160.39-0.3-0.070.17-0.190.6-0.30.010.07-0.170.44-0.27
0.640.76-0.920.950.670.670.910.730.12-0.010.87-0.11-0.060.44-0.220.060.25-0.10.78-0.220.120.19-0.060.64-0.2
0.980.98-0.440.560.670.910.870.990.240.470.430.550.460.460.530.750.210.580.380.550.240.840.530.870.54
0.930.93-0.420.530.670.910.860.930.350.50.560.530.450.470.440.690.350.50.530.460.340.740.50.970.42
0.870.92-0.740.820.910.870.860.910.290.310.720.210.250.40.170.380.310.240.670.180.290.480.280.830.12
0.980.99-0.50.620.730.990.930.910.260.460.50.510.430.470.470.70.250.530.450.490.260.790.490.890.46
0.40.190.050.020.120.240.350.290.260.87-0.060.50.84-0.630.320.390.880.530.180.291.00.220.750.440.27
0.610.370.25-0.12-0.010.470.50.310.460.87-0.250.830.99-0.450.740.760.690.87-0.060.720.870.610.980.540.69
0.380.54-0.830.810.870.430.560.720.5-0.06-0.25-0.36-0.320.56-0.43-0.180.11-0.370.88-0.42-0.07-0.02-0.320.55-0.45
0.640.460.33-0.19-0.110.550.530.210.510.50.83-0.360.86-0.10.850.930.430.94-0.310.870.50.80.890.50.9
0.580.340.29-0.16-0.060.460.450.250.430.840.99-0.320.86-0.460.740.780.680.89-0.140.740.840.630.980.490.72
0.340.55-0.380.390.440.460.470.40.47-0.63-0.450.56-0.1-0.46-0.050.15-0.49-0.180.38-0.01-0.630.33-0.360.410.01
0.590.430.45-0.3-0.220.530.440.170.470.320.74-0.430.850.74-0.050.890.070.92-0.360.990.320.830.840.420.94
0.790.660.22-0.070.060.750.690.380.70.390.76-0.180.930.780.150.890.270.92-0.110.90.390.950.850.680.93
0.350.19-0.130.170.250.210.350.310.250.880.690.110.430.68-0.490.070.270.360.270.080.880.10.550.430.08
0.650.460.34-0.19-0.10.580.50.240.530.530.87-0.370.940.89-0.180.920.920.36-0.270.910.520.840.950.490.94
0.380.48-0.620.60.780.380.530.670.450.18-0.060.88-0.31-0.140.38-0.36-0.110.27-0.27-0.370.17-0.01-0.150.62-0.41
0.60.440.45-0.3-0.220.550.460.180.490.290.72-0.420.870.74-0.010.990.90.080.91-0.370.30.840.830.430.92
0.40.180.060.010.120.240.340.290.261.00.87-0.070.50.84-0.630.320.390.880.520.170.30.210.750.430.26
0.830.750.080.070.190.840.740.480.790.220.61-0.020.80.630.330.830.950.10.84-0.010.840.210.730.70.86
0.640.410.31-0.17-0.060.530.50.280.490.750.98-0.320.890.98-0.360.840.850.550.95-0.150.830.750.730.530.82
0.910.88-0.340.440.640.870.970.830.890.440.540.550.50.490.410.420.680.430.490.620.430.430.70.530.39
0.580.430.41-0.27-0.20.540.420.120.460.270.69-0.450.90.720.010.940.930.080.94-0.410.920.260.860.820.39
Click cells to compare fundamentals

Amotiv Account Relationship Matchups

Amotiv fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.3B1.0B991.9M1.1B945.5M952.1M
Total Stockholder Equity810.7M886.2M842.0M825.9M746.9M823.4M
Net Debt(107.1M)(173.4M)(45.0M)6.0M3.1M3.3M
Cash169.3M229.6M86.0M71.7M58.8M55.8M
Cash And Short Term Investments430.6M411.3M163.0M191.2M172.1M163.5M
Common Stock Total Equity761.5M761.8M723.8M694.4M798.5M616.3M
Common Stock Shares Outstanding140.1M132.0M124.5M114.9M101.2M123.2M
Total Current Assets698.2M554.6M307.3M395.6M365.1M556.5M
Common Stock723.8M694.4M628.9M599.1M688.9M628.1M
Other Current Liab225.6M15.9M11.7M15.0M1.0M993.7K
Total Current Liabilities350.8M114.1M105.3M141.3M114.0M96.9M
Net Tangible Assets1.0B549.1M652.0M416.3M374.7M569.1M
Property Plant And Equipment Net29.0M26.2M29.9M22.6M17.9M14.0M
Current Deferred Revenue282K183K39.9M14.6M16.8M8.9M
Retained Earnings52.2M174.5M191.6M161.8M150.9M178.6M
Accounts Payable72.8M44.5M65.3M106.1M85.4M89.6M
Non Current Assets Total607.1M485.0M684.6M659.2M580.4M435.2M
Other Assets152.0M75.5M57.1M15.6M17.9M17.0M
Net Receivables111.7M82.0M67.4M110.2M88.7M52.7M
Short Term Investments261.3M181.7M77.0M119.5M111.4M174.0M
Liabilities And Stockholders Equity1.3B1.0B991.9M1.1B1.2B1.0B
Inventory70.9M56.5M72.4M92.5M91.8M96.4M
Other Current Assets85.0M4.8M4.5M1.7M2.0M1.9M
Other Stockholder Equity17.2M18.8M21.9M23.8M27.3M15.8M
Total Liab390.2M153.4M149.9M229.0M198.6M130.2M
Long Term Investments259.7M174.8M179.0M158.0M120.0M183.4M
Property Plant And Equipment Gross29.0M26.2M41.0M56.1M39.5M21.3M
Accumulated Other Comprehensive Income17.4M(1.5M)(376K)41.3M37.1M39.0M
Short Term Debt52.3M53.6M28.3M20.3M18.2M17.3M
Intangible Assets173.4M156.5M350.3M338.8M290.0M149.3M
Property Plant Equipment29.0M26.2M29.9M22.6M26.0M13.4M
Other Liab4.6M29.6M36.8M31.9M36.7M38.5M
Non Current Liabilities Total39.4M39.4M44.6M87.7M84.6M88.8M
Non Currrent Assets Other52.7M47.3M47.9M48.2M43.4M70.6M
Long Term Debt Total9.8M2.5M12.7M57.4M66.1M69.4M
Capital Surpluse16.5M18.7M21.8M23.7M27.2M18.3M
Cash And Equivalents5.3M2.6M9.0M302K271.8K258.2K
Net Invested Capital866.3M938.0M877.9M895.9M808.7M732.4M
Net Working Capital270.7M438.0M199.7M254.3M251.1M331.3M
Capital Stock723.8M694.4M628.9M599.1M540.0M526.4M

Pair Trading with Amotiv

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Amotiv position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Amotiv will appreciate offsetting losses from the drop in the long position's value.

Moving against Amotiv Stock

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The ability to find closely correlated positions to Amotiv could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amotiv when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Amotiv - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Amotiv Limited to buy it.
The correlation of Amotiv is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amotiv moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amotiv Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Amotiv can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Amotiv Stock

Balance Sheet is a snapshot of the financial position of Amotiv Limited at a specified time, usually calculated after every quarter, six months, or one year. Amotiv Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Amotiv 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 Amotiv currently owns. An asset can also be divided into two categories, current and non-current.