Automotive Intangible Assets vs Retained Earnings Analysis

ASAL Stock   666.65  24.60  3.56%   
Automotive Stampings financial indicator trend analysis is way more than just evaluating Automotive Stampings and prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Automotive Stampings and is a good investment. Please check the relationship between Automotive Stampings Intangible Assets and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Automotive Stampings and. 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 Retained Earnings

Intangible Assets vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Automotive Stampings and Intangible Assets account and Retained Earnings. At this time, the significance of the direction appears to have strong relationship.
The correlation between Automotive Stampings' Intangible Assets and Retained Earnings is 0.68. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Automotive Stampings and, assuming nothing else is changed. The correlation between historical values of Automotive Stampings' Intangible Assets and Retained Earnings 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 Automotive Stampings and are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Intangible Assets i.e., Automotive Stampings' Intangible Assets and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.68
Relationship DirectionPositive 
Relationship StrengthSignificant

Intangible Assets

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

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Automotive Stampings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Automotive Stampings and 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 Automotive Stampings and. 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.
Selling General Administrative is likely to gain to about 47.3 M in 2024
 2021 2022 2023 2024 (projected)
Interest Expense139.0M127.0M152.2M106.7M
Depreciation And Amortization108.4M138.2M163.2M97.8M

Automotive Stampings fundamental ratios Correlations

0.360.010.63-0.220.260.350.250.420.30.770.740.330.760.610.190.670.860.170.680.74-0.05-0.410.04-0.27-0.12
0.36-0.650.86-0.9-0.051.0-0.03-0.160.00.460.470.280.320.530.340.870.490.850.360.46-0.18-0.640.61-0.91-0.06
0.01-0.65-0.450.61-0.08-0.65-0.080.0-0.140.05-0.43-0.180.15-0.36-0.56-0.460.01-0.51-0.34-0.220.20.52-0.340.640.08
0.630.86-0.45-0.87-0.140.850.25-0.110.280.580.570.190.690.720.360.980.760.770.50.79-0.01-0.610.52-0.88-0.12
-0.22-0.90.61-0.870.27-0.9-0.230.39-0.2-0.34-0.34-0.23-0.39-0.6-0.32-0.87-0.47-0.81-0.25-0.580.050.65-0.540.990.14
0.26-0.05-0.08-0.140.27-0.04-0.290.54-0.050.180.310.31-0.270.00.36-0.08-0.02-0.270.36-0.13-0.83-0.180.090.22-0.09
0.351.0-0.650.85-0.9-0.04-0.06-0.16-0.020.450.460.270.310.510.340.860.480.850.350.45-0.19-0.630.62-0.9-0.04
0.25-0.03-0.080.25-0.23-0.29-0.06-0.150.650.30.210.290.40.570.010.290.36-0.160.130.610.25-0.36-0.28-0.23-0.51
0.42-0.160.0-0.110.390.54-0.16-0.15-0.19-0.020.61-0.01-0.14-0.090.51-0.1-0.1-0.140.72-0.12-0.01-0.07-0.260.29-0.14
0.30.0-0.140.28-0.2-0.05-0.020.65-0.190.390.110.140.360.720.170.30.43-0.120.080.59-0.03-0.3-0.19-0.21-0.3
0.770.460.050.58-0.340.180.450.3-0.020.390.40.550.610.69-0.110.650.860.140.250.64-0.26-0.520.16-0.33-0.29
0.740.47-0.430.57-0.340.310.460.210.610.110.40.480.340.570.50.630.460.280.950.56-0.04-0.64-0.06-0.42-0.26
0.330.28-0.180.19-0.230.310.270.29-0.010.140.550.480.090.52-0.20.350.37-0.170.30.36-0.39-0.64-0.15-0.23-0.36
0.760.320.150.69-0.39-0.270.310.4-0.140.360.610.340.090.55-0.130.680.910.270.260.860.25-0.180.12-0.380.09
0.610.53-0.360.72-0.60.00.510.57-0.090.720.690.570.520.550.240.770.720.330.480.81-0.11-0.63-0.01-0.62-0.31
0.190.34-0.560.36-0.320.360.340.010.510.17-0.110.5-0.2-0.130.240.32-0.080.430.640.09-0.19-0.410.29-0.41-0.21
0.670.87-0.460.98-0.87-0.080.860.29-0.10.30.650.630.350.680.770.320.790.70.540.82-0.08-0.70.45-0.88-0.17
0.860.490.010.76-0.47-0.020.480.36-0.10.430.860.460.370.910.72-0.080.790.270.340.88-0.05-0.420.18-0.46-0.06
0.170.85-0.510.77-0.81-0.270.85-0.16-0.14-0.120.140.28-0.170.270.330.430.70.270.290.270.1-0.30.55-0.820.11
0.680.36-0.340.5-0.250.360.350.130.720.080.250.950.30.260.480.640.540.340.290.45-0.04-0.53-0.03-0.35-0.22
0.740.46-0.220.79-0.58-0.130.450.61-0.120.590.640.560.360.860.810.090.820.880.270.450.07-0.490.09-0.59-0.11
-0.05-0.180.2-0.010.05-0.83-0.190.25-0.01-0.03-0.26-0.04-0.390.25-0.11-0.19-0.08-0.050.1-0.040.070.28-0.420.060.11
-0.41-0.640.52-0.610.65-0.18-0.63-0.36-0.07-0.3-0.52-0.64-0.64-0.18-0.63-0.41-0.7-0.42-0.3-0.53-0.490.28-0.280.680.65
0.040.61-0.340.52-0.540.090.62-0.28-0.26-0.190.16-0.06-0.150.12-0.010.290.450.180.55-0.030.09-0.42-0.28-0.520.02
-0.27-0.910.64-0.880.990.22-0.9-0.230.29-0.21-0.33-0.42-0.23-0.38-0.62-0.41-0.88-0.46-0.82-0.35-0.590.060.68-0.520.16
-0.12-0.060.08-0.120.14-0.09-0.04-0.51-0.14-0.3-0.29-0.26-0.360.09-0.31-0.21-0.17-0.060.11-0.22-0.110.110.650.020.16
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Automotive Stampings Account Relationship Matchups

Automotive Stampings fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.9B1.7B1.8B2.3B2.8B2.1B
Short Long Term Debt Total1.5B1.6B819.4M826.7M1.0B867.7M
Other Current Liab409.0K420K(1.5M)122.9M302.1M172.5M
Total Current Liabilities2.1B2.2B1.8B2.1B2.3B1.4B
Total Stockholder Equity(588.3M)(887.2M)(357.1M)(273.4M)(73.7M)(70.0M)
Property Plant And Equipment Net1.0B845.2M932.2M934.6M1.2B1.2B
Net Debt1.5B1.6B783.7M797.5M1.0B845.9M
Cash4.1M259K35.7M29.1M18.8M15.9M
Non Current Assets Total1.1B904.9M1.0B992.9M1.2B1.2B
Cash And Short Term Investments4.1M259K35.7M148.6M18.8M30.9M
Net Receivables360.9M311.5M230.2M580.0M715.1M408.7M
Liabilities And Stockholders Equity1.9B1.7B1.8B2.3B2.8B2.1B
Non Current Liabilities Total317.6M411.3M404.4M380.5M615.5M363.5M
Inventory313.7M367.6M405.3M513.3M663.3M377.9M
Other Current Assets122.4M164.0M124.2M270.0M207.4M103.7M
Total Liab2.4B2.6B2.2B2.5B2.9B1.9B
Total Current Assets757.0M843.4M795.5M1.3B1.6B883.8M
Accumulated Other Comprehensive Income(372.6M)(470.3M)74.4M74.4M(232.3M)(244.0M)
Short Term Debt1.2B1.2B452.8M487.3M479.5M513.7M
Accounts Payable704.0M769.7M1.1B1.4B1.5B841.6M
Non Currrent Assets Other(76.7M)(12.6M)1K32.4M65.6M68.9M
Intangible Assets4.4M3.1M2.3M1.8M2.3M2.9M
Current Deferred Revenue221.9M229.8M203.8M57.1M4.5M4.3M
Retained Earnings(1.2B)(1.5B)(1.0B)(930.2M)(730.5M)(767.0M)
Other Liab36.9M41.6M50.5M37.7M43.4M43.6M
Net Tangible Assets(416.0M)(592.7M)(890.3M)(359.4M)(323.5M)(307.3M)
Other Assets67.1M59.9M81.0M32.4M29.2M44.5M
Short Long Term Debt1.2B1.2B428.4M460M459.9M683.2M
Property Plant Equipment1.0B841.9M930.2M934.6M841.1M836.4M
Long Term Debt Total275.9M360.8M366.7M339.4M305.5M304.6M
Cash And Equivalents4.1M259K35.7M29.1M33.5M35.2M
Net Invested Capital864.1M655.2M71.3M186.6M386.2M451.0M
Net Working Capital(1.4B)(1.4B)(966.2M)(885.8M)(703.4M)(738.5M)

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