Align Technology (ALGN) Short-term Investments (2009 - 2024)
Align Technology's Short-term Investments came in at $20.68 million for Q2 2024, down 62.9% from $55.81 million a year earlier and down 37.5% from the prior quarter.
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Analysis
Align Technology (ALGN) Short-term Investments (2009 - 2024) Analysis & Trends
At the end of FY2023, Align Technology's Short-term Investments was $35.3 million, down 38.6% from FY2022.
- Short-term Investments carries a five-year compound annual growth rate of -18.5% (FY2018 to FY2023).
- Going back by year, Short-term Investments was $57.53 million in FY2022 (-20.1%), $71.97 million in FY2021 and $318.2 million in FY2019 (+223.2%).
- The Q2 2024 figure represents the lowest quarterly Short-term Investments since Q1 2012.
- Year-over-year, Short-term Investments has declined for four consecutive quarters, with an average decline of 7.0% over the last seven quarters.
- The fastest year-over-year change in Short-term Investments over five years came in Q4 2019 (growth of 223.2%), and the weakest in Q2 2024 (a decline of 62.9%).
- Business Quant data shows ALGN's Short-term Investments at $33.1 million (Q1 2024), $35.3 million (Q4 2023) and $44.79 million (Q3 2023) in the three quarters before Q2 2024.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 242.18 Bn | 221.33 Bn | 4.88 Bn |
| 2 | Abbott Laboratories | 168.71 Bn | 139.79 Bn | 7.27 Bn |
| 3 | Danaher | 150.46 Bn | 134.27 Bn | 3.61 Bn |
| 4 | Intuitive Surgical | 138.71 Bn | 118.26 Bn | 1.96 Bn |
| 5 | Medtronic | 110.54 Bn | 76.41 Bn | 6.34 Bn |
| 6 | Stryker | 105.66 Bn | 91.78 Bn | 4.50 Bn |
| 7 | Boston Scientific | 61.74 Bn | 56.75 Bn | 3.85 Bn |
| 8 | Edwards Lifesciences | 49.09 Bn | 33.21 Bn | 1.35 Bn |
| 9 | Becton Dickinson | 48.16 Bn | 45.31 Bn | 2.32 Bn |
| 10 | Align Technology | 10.24 Bn | 5.98 Bn | 757.43 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2024 | 20.68 Mn |
| Mar 31, 2024 | 33.10 Mn |
| Dec 31, 2023 | 35.30 Mn |
| Sep 30, 2023 | 44.79 Mn |
| Jun 30, 2023 | 55.81 Mn |
| Mar 31, 2023 | 51.64 Mn |
| Dec 31, 2022 | 57.53 Mn |
| Sep 30, 2022 | 46.24 Mn |
| Jun 30, 2022 | 22.14 Mn |
| Mar 31, 2022 | 86.75 Mn |
| Dec 31, 2021 | 71.97 Mn |
| Dec 31, 2019 | 318.20 Mn |
| Sep 30, 2019 | 292.01 Mn |
| Jun 30, 2019 | 297.42 Mn |
| Mar 31, 2019 | 144.54 Mn |
| Dec 31, 2018 | 98.46 Mn |
| Sep 30, 2018 | 184.30 Mn |
| Jun 30, 2018 | 164.63 Mn |
| Mar 31, 2018 | 164.74 Mn |
| Dec 31, 2017 | 272.03 Mn |
API Access
Align Technology Short-term Investments API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=short-term-investments&ticker=ALGN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "short-term-investments", "ticker": "ALGN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=short-term-investments&ticker=ALGN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();