Aviat Other Non Cash Items vs Depreciation Analysis

AVNW Stock  USD 18.11  0.57  3.25%   
Aviat Networks financial indicator trend analysis is way more than just evaluating Aviat Networks prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aviat Networks is a good investment. Please check the relationship between Aviat Networks Other Non Cash Items and its Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aviat Networks. 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.
For more information on how to buy Aviat Stock please use our How to Invest in Aviat Networks guide.

Other Non Cash Items vs Depreciation

Other Non Cash Items vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aviat Networks Other Non Cash Items account and Depreciation. At this time, the significance of the direction appears to have very week relationship.
The correlation between Aviat Networks' Other Non Cash Items and Depreciation is 0.26. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Depreciation in the same time period over historical financial statements of Aviat Networks, assuming nothing else is changed. The correlation between historical values of Aviat Networks' Other Non Cash Items and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Non Cash Items of Aviat Networks are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Other Non Cash Items i.e., Aviat Networks' Other Non Cash Items and Depreciation go up and down completely randomly.

Correlation Coefficient

0.26
Relationship DirectionPositive 
Relationship StrengthVery Weak

Other Non Cash Items

Depreciation

Depreciation indicates how much of Aviat Networks value has been used up. For tax purposes Aviat Networks can deduct the cost of the tangible assets it purchases as business expenses. However, Aviat Networks must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Aviat Networks' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aviat Networks 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 Aviat Networks. 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.
For more information on how to buy Aviat Stock please use our How to Invest in Aviat Networks guide.At this time, Aviat Networks' Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 59.25 in 2024, whereas Selling General Administrative is likely to drop slightly above 81.4 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit109.2M124.2M144.7M103.0M
Total Revenue303.0M346.6M408.1M357.3M

Aviat Networks fundamental ratios Correlations

0.510.630.880.95-0.08-0.22-0.070.910.540.750.550.840.220.550.710.540.740.380.80.620.94-0.760.18-0.270.11
0.510.40.50.30.020.330.170.560.240.30.170.78-0.140.140.930.370.37-0.130.850.950.53-0.03-0.15-0.080.33
0.630.40.80.450.5-0.63-0.170.630.90.020.890.420.720.180.490.80.80.30.640.540.82-0.290.64-0.35-0.42
0.880.50.80.720.15-0.3-0.170.950.640.40.630.70.360.420.630.70.820.410.780.630.97-0.510.41-0.39-0.18
0.950.30.450.72-0.24-0.24-0.010.780.430.860.470.720.180.540.530.40.630.360.610.40.81-0.860.09-0.150.2
-0.080.020.50.15-0.24-0.52-0.32-0.040.52-0.50.460.010.65-0.080.090.30.220.160.220.220.150.240.75-0.41-0.62
-0.220.33-0.63-0.3-0.24-0.520.45-0.08-0.830.14-0.860.11-0.75-0.230.15-0.35-0.47-0.51-0.050.16-0.370.33-0.640.440.69
-0.070.17-0.17-0.17-0.01-0.320.45-0.05-0.350.01-0.36-0.050.0-0.77-0.050.31-0.05-0.93-0.1-0.01-0.10.32-0.080.850.57
0.910.560.630.950.78-0.04-0.08-0.050.450.530.450.790.20.420.680.60.710.320.780.650.93-0.510.23-0.280.08
0.540.240.90.640.430.52-0.83-0.350.450.020.990.330.690.310.370.60.720.450.530.390.71-0.350.57-0.49-0.52
0.750.30.020.40.86-0.50.140.010.530.020.050.67-0.270.610.52-0.030.240.290.470.340.47-0.81-0.33-0.070.48
0.550.170.890.630.470.46-0.86-0.360.450.990.050.290.70.320.320.580.70.480.480.320.71-0.390.57-0.43-0.53
0.840.780.420.70.720.010.11-0.050.790.330.670.29-0.020.510.920.350.550.230.940.860.76-0.520.0-0.270.29
0.22-0.140.720.360.180.65-0.750.00.20.69-0.270.7-0.02-0.19-0.060.680.560.060.150.020.44-0.110.81-0.11-0.45
0.550.140.180.420.54-0.08-0.23-0.770.420.310.610.320.51-0.190.43-0.250.210.890.430.290.41-0.73-0.19-0.7-0.09
0.710.930.490.630.530.090.15-0.050.680.370.520.320.92-0.060.430.340.460.150.950.980.68-0.32-0.07-0.260.25
0.540.370.80.70.40.3-0.350.310.60.6-0.030.580.350.68-0.250.340.83-0.160.530.420.73-0.140.660.05-0.22
0.740.370.80.820.630.22-0.47-0.050.710.720.240.70.550.560.210.460.830.240.680.450.86-0.510.53-0.3-0.24
0.38-0.130.30.410.360.16-0.51-0.930.320.450.290.480.230.060.890.15-0.160.240.230.070.36-0.60.1-0.82-0.47
0.80.850.640.780.610.22-0.05-0.10.780.530.470.480.940.150.430.950.530.680.230.940.82-0.420.17-0.350.07
0.620.950.540.630.40.220.16-0.010.650.390.340.320.860.020.290.980.420.450.070.940.65-0.160.03-0.260.17
0.940.530.820.970.810.15-0.37-0.10.930.710.470.710.760.440.410.680.730.860.360.820.65-0.580.41-0.32-0.11
-0.76-0.03-0.29-0.51-0.860.240.330.32-0.51-0.35-0.81-0.39-0.52-0.11-0.73-0.32-0.14-0.51-0.6-0.42-0.16-0.58-0.020.31-0.04
0.18-0.150.640.410.090.75-0.64-0.080.230.57-0.330.570.00.81-0.19-0.070.660.530.10.170.030.41-0.02-0.17-0.61
-0.27-0.08-0.35-0.39-0.15-0.410.440.85-0.28-0.49-0.07-0.43-0.27-0.11-0.7-0.260.05-0.3-0.82-0.35-0.26-0.320.31-0.170.48
0.110.33-0.42-0.180.2-0.620.690.570.08-0.520.48-0.530.29-0.45-0.090.25-0.22-0.24-0.470.070.17-0.11-0.04-0.610.48
Click cells to compare fundamentals

Aviat Networks Account Relationship Matchups

Aviat Networks fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets179.8M297.7M323.9M364.5M535.2M340.6M
Short Long Term Debt Total12.7M4.0M2.9M2.8M52.2M54.8M
Other Current Liab29.7M30.1M27.8M19.9M54.9M36.9M
Total Current Liabilities94.0M96.4M104.5M130.1M218.9M119.3M
Total Stockholder Equity68.7M183.3M201.8M220.1M255.9M147.1M
Property Plant And Equipment Net20.4M15.5M11.6M12.0M13.2M23.8M
Net Debt(28.9M)(44.0M)(34.0M)(19.5M)(12.4M)(13.1M)
Retained Earnings(730.7M)(620.6M)(599.4M)(587.9M)(578.5M)(607.4M)
Accounts Payable32.0M32.4M42.4M60.1M92.9M48.5M
Cash41.6M47.9M36.9M22.2M64.6M55.4M
Non Current Assets Total39.9M127.4M117.5M126.8M130M94.4M
Cash And Short Term Investments41.6M47.9M47.8M22.2M64.6M48.7M
Net Receivables72.7M85.7M119.0M167.0M248.5M261.0M
Common Stock Shares Outstanding10.9M11.7M11.8M11.9M12.5M11.6M
Liabilities And Stockholders Equity179.8M297.7M323.9M364.5M535.2M340.6M
Non Current Liabilities Total17.2M17.9M17.7M14.3M60.5M63.5M
Inventory15.2M24.9M27.2M33.1M62.3M40.3M
Other Current Assets10.4M11.8M12.4M22.2M29.8M21.9M
Other Stockholder Equity814.3M818.2M817.1M823.9M853.6M669.7M
Total Liab111.1M114.3M122.2M144.4M279.3M293.3M
Property Plant And Equipment Gross20.4M15.5M11.6M12.0M74.9M78.7M
Total Current Assets140.0M170.2M206.4M237.7M405.2M246.2M
Accumulated Other Comprehensive Income(15.0M)(14.3M)(16.0M)(16.0M)(19.3M)(20.3M)
Short Term Debt10.4M1.5M513K1.2M3.4M5.8M
Non Currrent Assets Other6.7M8.4M10.4M13.7M11.8M12.4M
Other Liab14.8M14.7M15.3M12.2M14.0M14.4M
Other Assets19.5M111.9M105.9M100.6M115.7M121.5M
Property Plant Equipment20.4M15.5M11.6M9.5M8.5M8.1M
Current Deferred Revenue21.9M32.3M33.7M44.3M58.8M61.8M
Net Tangible Assets68.7M183.3M201.8M205.9M236.8M127.9M

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