Aerojet Rocketdyne Holdings, Inc. (AJRD) Financial Analysis and Rating
Comparison Analysis Based on SEC Data
| Company Name | Aerojet Rocketdyne Holdings, Inc. |
| Industry (SIC) | 376 - Guided Missiles And Space Vehicles And Parts |
| Latest quarterly report | 12/31/2021 (filed 2/18/2022) |
| Revenue | $590 million (ranked #34 out of 99 companies in the industry) |
| Assets | $2,434 million (ranked #36) |
Financial Position and Performance (2021)
| Compared with industry ratios | Change during the quarter |
|---|---|
|
about the same |
deteriorated |
| Compared with all industry ratios |
|---|
|
better |
Financial Ratios Benchmarking
| Finanancial Ratio | Comparison of Q4 2021 company ratios | ||
|---|---|---|---|
|
with industry ratios (37 - Transportation Equipment) |
with all industry ratios | ||
| Solvency Ratios | |||
| Debt ratio |
0.78
0.53 |
0.78
0.53 | |
| Debt-to-equity ratio |
3.56
0.73 |
3.56
0.75 | |
| Liquidity Ratios | |||
| Current Ratio |
1.41
1.97 |
1.41
2.11 | |
| Quick Ratio |
0.88
0.96 |
0.88
1.30 | |
| Cash Ratio |
0.81
0.48 |
0.81
0.92 | |
| Profitability Ratios | |||
| Profit margin |
6.4%
2.2% |
6.4%
4% | |
| ROE (Return on equity), after tax |
31.9%
1.4% |
31.9%
-2.2% | |
| ROA (Return on assets) |
6.2%
1.3% |
6.2%
0.5% | |
| Activity Ratios | |||
| Asset turnover (days) |
378
412 |
378
761 | |
| Receivables turnover (days) |
11
53 |
11
48 | |
| Resulting score | +0,1 | +0,2 | |
Additional Ratios (not used to calculate the resulting score)
| Finanancial Ratio | Comparison of Q4 2021 company ratios | ||
|---|---|---|---|
|
with industry ratios (37 - Transportation Equipment) |
with all industry ratios | ||
| Profitability Ratios | |||
| Gross margin |
17.1%
17.4% |
17.1%
41.3% | |
| Price Ratios | |||
| Earnings per Share (basic) | $0.47 | ||
| Earnings per Share (diluted) | $0.46 | ||
Auditor's Conclusion
We have performed a comparative analysis of the balance sheet and income statement of Aerojet Rocketdyne Holdings, Inc. (hereafter – the "Company") for the year 2021 as submitted to the U.S. Securities and Exchange Commission (SEC). The primary business activity of the Company is "Guided Missiles And Space Vehicles And Parts" (SIC code 376). In the analysis, we have compared the key financial ratios of the company with the average (median) values of those ratios calculated for the specific industry sector and for all industries. The averages are calculated using data from the 2021 financial statements filed with the SEC through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). By comparing each of the eleven key metrics to the median, we have drawn a general conclusion about the quality of the company's financial condition. Calculations and summary conclusions are performed in a computerized manner using software and methodologies developed by ReadyRatios.
As a result of the analysis of the key financial ratios of the company, we have established the following. The financial condition of Aerojet Rocketdyne Holdings, Inc. in 2021 is about the same as the financial condition typical of the companies engaged in the activity "Guided Missiles And Space Vehicles And Parts"
The average ratios for this industry are slightly better than the averages for all industries. For this reason, the Company has a higher result compared to all businesses. The financial position of Aerojet Rocketdyne Holdings, Inc. is better than that of most listed companies that submit financial statements to the U.S. Securities and Exchange Commission.
Financial Position and Performance History
Additional Data about Aerojet Rocketdyne Holdings, Inc.
Closest Competitors
| Company | USD ($), in Millions | |
|---|---|---|
| Revenue | Assets | |
| Lockheed Martin Corporation | 17,729 | 50,873 |
| Kratos Defense & Security Solutions, Inc. | 212 | 1,590 |
| Kaman Corporation | 175 | 1,198 |
| Rocket Lab USA, Inc. | 27 | 981 |
See also all industry leaders
Financial Data Source and Analysis Principles
The above is a comparative analysis of the company's financial position and performance. The comparison is based on official financial statements filed with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR) (about 10,000 largest publicly traded companies). The comparison is made using the eleven key financial ratios (see table above). The company's financial ratios are compared with the median of the ratios for all companies and for companies in the same industry, as well as to the quartiles of these ratios. Each ratio value is assigned a score between -2 and +2 depending on its position relative to the quartiles (-2 – below the first quartile; -1 – between the first and the second quartile; +1 – between the second and the third quartile; +2 – above the third quartile; 0 – the ratio value deviates from the median by no more than 5% of the difference between the median and the quartile closest to the ratio value). To draw a conclusion from the analysis, the individual scores are weighted equally to produce an overall score ranging from -2 and +2.
| much better (+1 - +2incl) | |
| better (from 0.11 to +1incl) | |
| about the same (from -0.11incl to +0.11incl) | |
| worse (from -1incl to -0.11) | |
| much worse (from -2incl to -1) |
Change during the year is calculated by comparing the resulting score of financial position within the industry with the last year's (quarter's) score. The result of the comparison may be as follows:
| significantly improved (positive change of more than 1 point) | |
| improved (positive change of less than 1 point) | |
| unchanged (little or no change in score, no more than 0.11 points) | |
| deteriorated (the score has decreased by less than 1 point during the year) | |
| deteriorated significantly (the score has decreased by more than 1 point during the year) |
Please note that this analysis does not indicate that the company's financial position is good or bad, but rather describes it in comparison to other U.S. businesses. For a detailed financial analysis, please use "ReadyRatios Financial Analysis" - load the data into the program>>