Aerojet Current Assets Trend from 2010 to 2022

AJRD
 Stock
  

USD 40.00  0.24  0.60%   

Aerojet Rocketdyne Current Assets are increasing over the years with slightly volatile fluctuation. Current Assets are expected to dwindle to about 1.2 B. During the period from 2010 to 2022 Aerojet Rocketdyne Current Assets anual values regression line had geometric mean of 849,610,339 and significance of  0.00001878. Aerojet Rocketdyne Interest Expense is projected to decrease significantly based on the last few years of reporting. The past year's Interest Expense was at 20.1 Million. The current year Net Income is expected to grow to about 155 M, whereas Cost of Revenue is forecasted to decline to about 1.8 B.
  
Refresh
Check Aerojet Rocketdyne financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Aerojet main balance sheet or income statement drivers, such as Direct Expenses of 1.5 B, Consolidated Income of 155 M or Cost of Revenue of 1.8 B, as well as many exotic indicators such as Interest Coverage of 15.75, Long Term Debt to Equity of 0.56 or Calculated Tax Rate of 26.47. Aerojet financial statements analysis is a perfect complement when working with Aerojet Rocketdyne Valuation or Volatility modules. It can also supplement various Aerojet Rocketdyne Technical models. Please continue to the analysis of Aerojet Rocketdyne Correlation against competitors.

Aerojet Rocketdyne Quarterly Current Assets

1.23 Billion

Share

Aerojet Current Assets Breakdown

Showing smoothed Current Assets of Aerojet Rocketdyne Holdings with missing and latest data points interpolated. Current assets of Aerojet Rocketdyne Holdings include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Aerojet Rocketdyne. The current portion of Total Assets; reported if a company operates a classified balance sheet that segments current and non-current assets.Aerojet Rocketdyne's Current Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Aerojet Rocketdyne's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 573.6 M10 Years Trend
Increasing
Slightly volatile
 Current Assets 
Share
      Timeline 

Aerojet Current Assets Regression Statistics

Arithmetic Mean 933,304,858
Geometric Mean 849,610,339
Coefficient Of Variation 42.46
Mean Deviation 328,574,463
Median 854,700,000
Standard Deviation 396,294,206
Range 1,292,100,000
R-Value 0.91
R-Squared 0.82
Significance 0.00001878
Slope 92,302,082

Aerojet Current Assets History

2011368.1 M
2012596 M
2013660.4 M
2014662.6 M
2015854.7 M
2017B
20181.2 B
20191.4 B
20201.7 B
20211.2 B
20221.2 B

Other Fundumenentals of Aerojet Rocketdyne

Aerojet Rocketdyne Current Assets component correlations

About Aerojet Rocketdyne Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Aerojet Rocketdyne income statement, its balance sheet, and the statement of cash flows. Aerojet Rocketdyne investors use historical funamental indicators, such as Aerojet Rocketdyne's Current Assets, to determine how well the company is positioned to perform in the future. Although Aerojet Rocketdyne investors may use each financial statement separately, they are all related. The changes in Aerojet Rocketdyne's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Aerojet Rocketdyne's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Aerojet Rocketdyne Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Aerojet Rocketdyne. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Current Assets1.2 B1.2 B
Net Current Assets as percentage of Total Assets 14.83  12.08 
Average Assets2.4 B2.4 B
Aerojet Rocketdyne Holdings, Inc. designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. It operates in two segments, Aerospace and Defense, and Real Estate. The Aerospace and Defense segment offers aerospace and defense products and systems for the United States government, including the Department of Defense, the National Aeronautics and Space Administration, and aerospace and defense prime contractors. This segment provides liquid and solid rocket propulsion systems, air-breathing hypersonic engines, and electric power and propulsion systems for space, defense, civil, and commercial applications and armament systems. The Real Estate segment engages in the re-zoning, entitlement, sale, and leasing of the companys excess real estate assets. It owns 11,277 acres of land adjacent to the United States Highway 50 between Rancho Cordova and Folsom, California east of Sacramento. The company was formerly known as GenCorp Inc. and changed its name to Aerojet Rocketdyne Holdings, Inc. in April 2015. Aerojet Rocketdyne Holdings, Inc. was incorporated in 1915 and is headquartered in El Segundo, California.

Aerojet Rocketdyne Investors Sentiment

The influence of Aerojet Rocketdyne's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Aerojet. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Aerojet Rocketdyne Implied Volatility

    
  26.03  
Aerojet Rocketdyne's implied volatility exposes the market's sentiment of Aerojet Rocketdyne Holdings stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Aerojet Rocketdyne's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Aerojet Rocketdyne stock will not fluctuate a lot when Aerojet Rocketdyne's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Aerojet Rocketdyne in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Aerojet Rocketdyne's short interest history, or implied volatility extrapolated from Aerojet Rocketdyne options trading.

Current Sentiment - AJRD

Aerojet Rocketdyne Investor Sentiment

Most of Macroaxis users are presently bullish on Aerojet Rocketdyne Holdings. What is your sentiment towards investing in Aerojet Rocketdyne Holdings? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

Pair Trading with Aerojet Rocketdyne

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 Aerojet Rocketdyne 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 Aerojet Rocketdyne will appreciate offsetting losses from the drop in the long position's value.

Aerojet Rocketdyne Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Aerojet Rocketdyne could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aerojet Rocketdyne 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 Aerojet Rocketdyne - 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 Aerojet Rocketdyne Holdings to buy it.
The correlation of Aerojet Rocketdyne is a statistical measure of how it moves in relation to other equities. 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 Aerojet Rocketdyne moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aerojet Rocketdyne 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 Aerojet Rocketdyne 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
Please continue to the analysis of Aerojet Rocketdyne Correlation against competitors. Note that the Aerojet Rocketdyne information on this page should be used as a complementary analysis to other Aerojet Rocketdyne's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Complementary Tools for Aerojet Stock analysis

When running Aerojet Rocketdyne price analysis, check to measure Aerojet Rocketdyne's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Aerojet Rocketdyne is operating at the current time. Most of Aerojet Rocketdyne's value examination focuses on studying past and present price action to predict the probability of Aerojet Rocketdyne's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Aerojet Rocketdyne's price. Additionally, you may evaluate how the addition of Aerojet Rocketdyne to your portfolios can decrease your overall portfolio volatility.
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Go
Global Correlations
Find global opportunities by holding instruments from different markets
Go
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Go
Fundamental Analysis
View fundamental data based on most recent published financial statements
Go
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Go
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Go
Piotroski F Score
Get Piotroski F Score based on binary analysis strategy of nine different fundamentals
Go
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Go
Is Aerojet Rocketdyne's industry 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 Aerojet Rocketdyne. If investors know Aerojet 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 Aerojet Rocketdyne 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 YOY
0.51
Market Capitalization
3.2 B
Quarterly Revenue Growth YOY
0.03
Return On Assets
0.0679
Return On Equity
0.37
The market value of Aerojet Rocketdyne is measured differently than its book value, which is the value of Aerojet that is recorded on the company's balance sheet. Investors also form their own opinion of Aerojet Rocketdyne's value that differs from its market value or its book value, called intrinsic value, which is Aerojet Rocketdyne's 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 Aerojet Rocketdyne's market value can be influenced by many factors that don't directly affect Aerojet Rocketdyne's 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 Aerojet Rocketdyne's value and its price as these two are different measures arrived at by different means. Investors typically determine Aerojet Rocketdyne value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aerojet Rocketdyne's 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.