Academy Historical Cash Flow
| ASO Stock | USD 49.25 0.40 0.82% |
Analysis of Academy Sports cash flow over time is an excellent tool to project Academy Sports Outdoors future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Change In Cash of 10.2 M or Stock Based Compensation of 21 M as it is a great indicator of Academy Sports ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Academy Sports Outdoors latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Academy Sports Outdoors is a good buy for the upcoming year.
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About Academy Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Academy balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Academy's non-liquid assets can be easily converted into cash.
Academy Sports Cash Flow Chart
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Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.Capital Expenditures
Capital Expenditures are funds used by Academy Sports Outdoors to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Academy Sports operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Most accounts from Academy Sports' cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Academy Sports Outdoors current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, 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 Academy Sports Outdoors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. At this time, Academy Sports' Change To Inventory is very stable compared to the past year. As of the 30th of November 2024, Free Cash Flow is likely to grow to about 405.6 M, though Sale Purchase Of Stock is likely to grow to (192.7 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Capital Expenditures | 76.0M | 108.8M | 208.3M | 115.9M | Dividends Paid | 501K | 24.6M | 27.2M | 25.9M |
Academy Sports cash flow statement Correlations
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Academy Sports Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Academy Sports cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Sale Purchase Of Stock | (473K) | 1.3B | (411.4M) | (489.5M) | (202.8M) | (192.7M) | |
| Change To Inventory | 34.4M | 109.5M | (181.8M) | (111.7M) | 89.4M | 93.8M | |
| Investments | (66.8M) | 8.1M | (76.0M) | (108.8M) | (206.1M) | (195.8M) | |
| Change In Cash | 73.7M | 228.2M | 108.4M | (148.9M) | 10.8M | 10.2M | |
| Net Borrowings | (122.8M) | (679.2M) | (103.2M) | (103M) | (92.7M) | (97.3M) | |
| Stock Based Compensation | 7.9M | 31.6M | 39.3M | 21.2M | 24.4M | 21.0M | |
| Free Cash Flow | 200.9M | 970.3M | 597.2M | 443.2M | 327.5M | 405.6M | |
| Change In Working Capital | 52.2M | 547.7M | (224.4M) | (250.8M) | (135.1M) | (128.3M) | |
| Begin Period Cash Flow | 75.7M | 149.4M | 377.6M | 486.0M | 337.1M | 237.6M | |
| Total Cashflows From Investing Activities | (66.8M) | (33.1M) | (76.0M) | (108.8M) | (125.1M) | (131.4M) | |
| Other Cashflows From Financing Activities | 502.6M | (14.2M) | 24.8M | 20.0M | 14.1M | 13.4M | |
| Depreciation | 117.3M | 105.5M | 105.3M | 106.8M | 110.9M | 92.8M | |
| Other Non Cash Items | (34.0M) | 17.3M | 2.2M | 5.0M | 20.6M | 21.6M | |
| Capital Expenditures | 62.8M | 41.3M | 76.0M | 108.8M | 208.3M | 115.9M | |
| Total Cash From Operating Activities | 263.7M | 1.0B | 673.3M | 552.0M | 535.8M | 521.4M | |
| Change To Account Receivables | 4.5M | (3.0M) | (2.4M) | 3.2M | (2.9M) | (2.7M) | |
| Change To Operating Activities | 16.3M | 65.5M | 24.6M | (83.5M) | (75.1M) | (71.4M) | |
| Net Income | 120.0M | 308.8M | 671.4M | 628.0M | 519.2M | 365.7M | |
| Total Cash From Financing Activities | (123.2M) | (750.2M) | (488.9M) | (592.1M) | (318.9M) | (334.8M) | |
| End Period Cash Flow | 149.4M | 377.6M | 486.0M | 337.1M | 347.9M | 283.6M | |
| Other Cashflows From Investing Activities | (4.0M) | 8.1M | (215K) | (502K) | (577.3K) | (548.4K) | |
| Change To Netincome | (29.6M) | 28.7M | 121.0M | 65.0M | 74.7M | 78.5M | |
| Change To Liabilities | (2.9M) | 447.4M | (34.8M) | (116.9M) | (105.2M) | (99.9M) |
Pair Trading with Academy Sports
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 Academy Sports 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 Academy Sports will appreciate offsetting losses from the drop in the long position's value.Moving together with Academy Stock
Moving against Academy Stock
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| 0.77 | LB | LandBridge Company | PairCorr |
| 0.76 | VSCO | Victorias Secret | PairCorr |
| 0.55 | WEYS | Weyco Group | PairCorr |
| 0.34 | HD | Home Depot | PairCorr |
The ability to find closely correlated positions to Academy Sports could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Academy Sports 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 Academy Sports - 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 Academy Sports Outdoors to buy it.
The correlation of Academy Sports 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 Academy Sports moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Academy Sports Outdoors 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 Academy Sports 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Academy Sports Outdoors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Other Specialty Retail 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 Academy Sports. If investors know Academy 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 Academy Sports 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 (0.03) | Dividend Share 0.42 | Earnings Share 6.44 | Revenue Per Share 82.956 | Quarterly Revenue Growth (0.02) |
The market value of Academy Sports Outdoors is measured differently than its book value, which is the value of Academy that is recorded on the company's balance sheet. Investors also form their own opinion of Academy Sports' value that differs from its market value or its book value, called intrinsic value, which is Academy Sports' 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 Academy Sports' market value can be influenced by many factors that don't directly affect Academy Sports' 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 Academy Sports' value and its price as these two are different measures arrived at by different means. Investors typically determine if Academy Sports is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Academy Sports' 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.