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Applied Industrial Technologies (AIT)

(Real Time Quote from BATS)

$186.00 USD

186.00
288,826

-0.09 (-0.05%)

Updated Apr 25, 2024 09:40 AM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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1-Strong Buy of 5 1        

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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C Value B Growth B Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 26% (66 out of 251)

Industry: Manufacturing - General Industrial

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Balance Sheet

Research for AIT

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Applied Industrial Technologies, Inc falls in the month of June.

All items in Millions except Per Share data.

6/30/2023 6/30/2022 6/30/2021 6/30/2020 6/30/2019
Assets          
Cash & Equivalents 344 184 258 269 108
Receivables 708 656 516 450 541
Notes Receivable 0 0 0 0 0
Inventories 501 450 363 389 448
Other Current Assets 93 69 60 52 51
Total Current Assets 1,647 1,360 1,197 1,160 1,148
Net Property & Equipment 115 112 116 122 124
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 814 814 840 884 1,031
Deposits & Other Assets 67 59 33 27 28
Total Assets 2,743 2,453 2,272 2,284 2,332
Liabilities & Shareholders Equity 6/30/2023 6/30/2022 6/30/2021 6/30/2020 6/30/2019
Notes Payable 0 0 0 0 0
Accounts Payable 302 259 208 186 237
Current Portion Long-Term Debt 25 40 44 79 49
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 99 91 78 62 68
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 115 109 98 99 69
Total Current Liabilities 540 500 428 426 424
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 597 649 785 855 909
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 148 154 127 159 102
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 1,285 1,303 1,339 1,440 1,435
Shareholders Equity 6/30/2023 6/30/2022 6/30/2021 6/30/2020 6/30/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 10 10 10 10 10
Capital Surplus 189 184 177 176 173
Retained Earnings 1,793 1,500 1,294 1,201 1,229
Other Equity -55 -72 -93 -129 -100
Treasury Stock 478 472 456 414 415
Total Shareholder's Equity 1,458 1,149 933 844 897
Total Liabilities & Shareholder's Equity 2,743 2,453 2,272 2,284 2,332
Total Common Equity 1,458 1,149 933 844 897
Shares Outstanding 38.60 38.40 38.80 38.70 38.50
Book Value Per Share 37.78 29.93 24.03 21.80 23.30

Fiscal Year End for Applied Industrial Technologies, Inc falls in the month of June.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 413 360 344 182
Receivables NA 659 695 708 706
Notes Receivable NA 0 0 0 0
Inventories NA 520 508 501 527
Other Current Assets NA 90 81 93 92
Total Current Assets NA 1,682 1,644 1,647 1,507
Net Property & Equipment NA 114 114 115 115
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles NA 817 824 814 820
Deposits & Other Assets NA 65 67 67 64
Total Assets NA 2,783 2,751 2,743 2,609
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 254 260 302 276
Current Portion Long-Term Debt NA 25 25 25 25
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 73 62 99 81
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 97 119 115 99
Total Current Liabilities NA 449 467 540 481
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 572 597 597 597
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 151 148 150
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 1,175 1,214 1,285 1,228
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 10 10 10 10
Capital Surplus NA 189 186 189 186
Retained Earnings NA 1,964 1,886 1,793 1,728
Other Equity NA -60 -62 -55 -66
Treasury Stock NA 495 484 478 477
Total Shareholder's Equity NA 1,608 1,536 1,458 1,381
Total Liabilities & Shareholder's Equity NA 2,783 2,751 2,743 2,609
Total Common Equity 0 1,608 1,536 1,458 1,381
Shares Outstanding 38.60 38.60 38.70 38.60 38.60
Book Value Per Share 0.00 41.66 39.69 37.78 35.77