Clearfield Change To Inventory vs Net Income Analysis

CLFD Stock

USD 32.49 0.17 0.53%

Clearfield financial indicator trend analysis is way more than just evaluating Clearfield prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Clearfield is a good investment. Please check the relationship between Clearfield Change To Inventory and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clearfield. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For information on how to trade Clearfield Stock refer to our How to Trade Clearfield Stock guide.

Change To Inventory vs Net Income

Change To Inventory vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Clearfield Change To Inventory account and Net Income. At this time, the significance of the direction appears to have pay attention.

The correlation between Clearfield's Change To Inventory and Net Income is -0.93. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Net Income in the same time period over historical financial statements of Clearfield, assuming nothing else is changed. The correlation between historical values of Clearfield's Change To Inventory and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of Clearfield are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Change To Inventory i.e., Clearfield's Change To Inventory and Net Income go up and down completely randomly.

Correlation Coefficient

-0.93

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Clearfield financial statement analysis. It represents the amount of money remaining after all of Clearfield operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Clearfield's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Clearfield 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 Clearfield. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For information on how to trade Clearfield Stock refer to our How to Trade Clearfield Stock guide.At present, Clearfield's Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting.

	2021	2022	2023	2024 (projected)
Gross Profit	112.9M	85.3M	28.9M	17.5M
Total Revenue	270.9M	268.7M	166.7M	175.0M

Gross Profit Total Revenue

Clearfield fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Non Currrent Assets Other	Non Current Liabilities Total	Short Long Term Debt Total	Short Term Debt	Accounts Payable	Other Assets	Long Term Debt	Common Stock Total Equity
Total Assets		0.72	0.79	0.99	0.98	0.42	0.98	0.48	0.91	0.92	0.72	0.4	0.96	0.64	0.91	0.79	0.91	0.99	0.89	0.77	0.81	0.92	0.58	-0.34	0.08	0.51
Other Current Liab	0.72		0.94	0.63	0.78	0.69	0.77	0.19	0.84	0.42	0.9	0.34	0.78	0.5	0.43	0.94	0.63	0.67	0.51	0.92	0.85	0.87	0.9	-0.32	0.44	0.47
Total Current Liabilities	0.79	0.94		0.7	0.81	0.67	0.83	0.35	0.79	0.49	0.98	0.36	0.9	0.33	0.49	0.99	0.58	0.76	0.51	0.94	0.95	0.91	0.96	-0.3	0.43	0.38
Total Stockholder Equity	0.99	0.63	0.7		0.95	0.33	0.96	0.49	0.88	0.96	0.62	0.39	0.92	0.66	0.95	0.7	0.93	0.99	0.92	0.68	0.73	0.86	0.47	-0.33	0.02	0.51
Property Plant And Equipment Net	0.98	0.78	0.81	0.95		0.54	0.97	0.38	0.9	0.87	0.74	0.29	0.95	0.7	0.85	0.84	0.94	0.96	0.9	0.85	0.86	0.96	0.62	-0.35	0.06	0.46
Net Debt	0.42	0.69	0.67	0.33	0.54		0.5	-0.41	0.53	0.13	0.67	-0.2	0.52	0.37	0.11	0.72	0.42	0.37	0.33	0.76	0.71	0.67	0.69	0.01	0.34	-0.09
Retained Earnings	0.98	0.77	0.83	0.96	0.97	0.5		0.41	0.93	0.85	0.77	0.3	0.96	0.57	0.82	0.84	0.88	0.96	0.86	0.81	0.84	0.92	0.65	-0.41	0.2	0.42
Cash	0.48	0.19	0.35	0.49	0.38	-0.41	0.41		0.24	0.54	0.33	0.62	0.49	-0.04	0.54	0.31	0.24	0.53	0.3	0.24	0.34	0.33	0.25	-0.36	-0.08	0.51
Non Current Assets Total	0.91	0.84	0.79	0.88	0.9	0.53	0.93	0.24		0.73	0.74	0.42	0.84	0.65	0.75	0.79	0.87	0.85	0.77	0.76	0.74	0.86	0.64	-0.35	0.34	0.59
Cash And Short Term Investments	0.92	0.42	0.49	0.96	0.87	0.13	0.85	0.54	0.73		0.4	0.33	0.81	0.66	0.98	0.5	0.89	0.94	0.93	0.5	0.57	0.73	0.23	-0.27	-0.19	0.45
Net Receivables	0.72	0.9	0.98	0.62	0.74	0.67	0.77	0.33	0.74	0.4		0.38	0.85	0.23	0.41	0.97	0.49	0.69	0.4	0.92	0.93	0.87	0.97	-0.33	0.44	0.37
Common Stock Shares Outstanding	0.4	0.34	0.36	0.39	0.29	-0.2	0.3	0.62	0.42	0.33	0.38		0.36	0.14	0.47	0.31	0.21	0.38	0.11	0.23	0.26	0.29	0.32	-0.11	0.13	0.92
Inventory	0.96	0.78	0.9	0.92	0.95	0.52	0.96	0.49	0.84	0.81	0.85	0.36		0.48	0.79	0.9	0.79	0.96	0.78	0.87	0.92	0.96	0.75	-0.32	0.17	0.4
Other Current Assets	0.64	0.5	0.33	0.66	0.7	0.37	0.57	-0.04	0.65	0.66	0.23	0.14	0.48		0.69	0.39	0.87	0.62	0.81	0.47	0.4	0.61	0.13	-0.12	-0.27	0.43
Other Stockholder Equity	0.91	0.43	0.49	0.95	0.85	0.11	0.82	0.54	0.75	0.98	0.41	0.47	0.79	0.69		0.5	0.88	0.92	0.89	0.49	0.56	0.71	0.24	-0.22	-0.2	0.57
Total Liab	0.79	0.94	0.99	0.7	0.84	0.72	0.84	0.31	0.79	0.5	0.97	0.31	0.9	0.39	0.5		0.62	0.76	0.54	0.98	0.97	0.94	0.94	-0.3	0.37	0.37
Property Plant And Equipment Gross	0.91	0.63	0.58	0.93	0.94	0.42	0.88	0.24	0.87	0.89	0.49	0.21	0.79	0.87	0.88	0.62		0.89	0.97	0.66	0.65	0.82	0.35	-0.3	-0.09	0.46
Total Current Assets	0.99	0.67	0.76	0.99	0.96	0.37	0.96	0.53	0.85	0.94	0.69	0.38	0.96	0.62	0.92	0.76	0.89		0.9	0.75	0.81	0.9	0.55	-0.32	0.01	0.47
Non Currrent Assets Other	0.89	0.51	0.51	0.92	0.9	0.33	0.86	0.3	0.77	0.93	0.4	0.11	0.78	0.81	0.89	0.54	0.97	0.9		0.58	0.6	0.77	0.25	-0.28	-0.21	0.33
Non Current Liabilities Total	0.77	0.92	0.94	0.68	0.85	0.76	0.81	0.24	0.76	0.5	0.92	0.23	0.87	0.47	0.49	0.98	0.66	0.75	0.58		0.98	0.95	0.89	-0.28	0.26	0.33
Short Long Term Debt Total	0.81	0.85	0.95	0.73	0.86	0.71	0.84	0.34	0.74	0.57	0.93	0.26	0.92	0.4	0.56	0.97	0.65	0.81	0.6	0.98		0.96	0.88	-0.27	0.21	0.3
Short Term Debt	0.92	0.87	0.91	0.86	0.96	0.67	0.92	0.33	0.86	0.73	0.87	0.29	0.96	0.61	0.71	0.94	0.82	0.9	0.77	0.95	0.96		0.79	-0.28	0.14	0.41
Accounts Payable	0.58	0.9	0.96	0.47	0.62	0.69	0.65	0.25	0.64	0.23	0.97	0.32	0.75	0.13	0.24	0.94	0.35	0.55	0.25	0.89	0.88	0.79		-0.25	0.53	0.29
Other Assets	-0.34	-0.32	-0.3	-0.33	-0.35	0.01	-0.41	-0.36	-0.35	-0.27	-0.33	-0.11	-0.32	-0.12	-0.22	-0.3	-0.3	-0.32	-0.28	-0.28	-0.27	-0.28	-0.25		-0.19	-0.21
Long Term Debt	0.08	0.44	0.43	0.02	0.06	0.34	0.2	-0.08	0.34	-0.19	0.44	0.13	0.17	-0.27	-0.2	0.37	-0.09	0.01	-0.21	0.26	0.21	0.14	0.53	-0.19		0.07
Common Stock Total Equity	0.51	0.47	0.38	0.51	0.46	-0.09	0.42	0.51	0.59	0.45	0.37	0.92	0.4	0.43	0.57	0.37	0.46	0.47	0.33	0.33	0.3	0.41	0.29	-0.21	0.07

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Clearfield Account Relationship Matchups

Clearfield fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	95.3M	125.9M	229.1M	355.5M	315.3M	331.0M
Other Current Liab	5.4M	8.5M	18.0M	5.7M	11.4M	11.9M
Total Current Liabilities	10.4M	20.5M	51.7M	29.0M	24.4M	25.6M
Total Stockholder Equity	82.8M	103.8M	147.6M	315.2M	275.8M	289.6M
Property Plant And Equipment Net	7.6M	7.3M	31.5M	35.4M	39.8M	41.7M
Net Debt	(13.7M)	(10.7M)	20.2M	(15.1M)	2.2M	2.3M
Retained Earnings	25.1M	45.4M	94.8M	127.3M	115.0M	120.7M
Cash	16.4M	13.2M	16.7M	37.8M	16.2M	11.5M
Non Current Assets Total	42.8M	54.4M	69.0M	59.3M	85.7M	90.0M
Cash And Short Term Investments	27.0M	23.6M	22.5M	168.1M	131.0M	137.5M
Net Receivables	10.5M	19.4M	53.7M	28.4M	21.3M	22.4M
Common Stock Shares Outstanding	13.6M	13.8M	13.9M	15.0M	14.6M	12.2M
Liabilities And Stockholders Equity	95.3M	125.9M	229.1M	355.5M	315.3M	331.0M
Inventory	14.4M	27.5M	82.2M	98.1M	66.8M	70.1M
Other Current Assets	585.4K	953.9K	1.8M	1.7M	10.5M	11.1M
Other Stockholder Equity	57.5M	58.2M	54.5M	188.2M	159.6M	167.6M
Total Liab	12.5M	22.1M	81.5M	40.4M	39.5M	41.5M
Property Plant And Equipment Gross	7.6M	7.3M	18.2M	35.4M	60.7M	63.8M
Total Current Assets	52.5M	71.5M	160.1M	296.3M	229.6M	241.1M
Non Currrent Assets Other	266.9K	419.0K	581K	1.9M	2.3M	2.4M
Non Current Liabilities Total	2.1M	1.6M	29.9M	11.4M	15.2M	15.9M
Accounts Payable	3.7M	9.2M	24.1M	8.9M	6.7M	7.1M
Other Assets	210.9K	445.0K	784.4K	(1K)	(900.0)	(855.0)
Common Stock Total Equity	136.4K	136.5K	137.3K	138K	158.7K	138.4K
Common Stock	136.5K	137.3K	138K	153K	142K	138.8K
Property Plant Equipment	5.4M	5.1M	7.3M	31.5M	36.2M	38.0M
Short Term Investments	10.6M	10.4M	5.8M	130.3M	114.8M	120.6M
Intangible Assets	4.8M	4.7M	6.4M	6.1M	6.3M	3.3M
Net Tangible Assets	74.9M	73.2M	94.4M	134.8M	155.0M	162.8M
Retained Earnings Total Equity	17.8M	25.1M	45.4M	94.8M	109.0M	114.5M
Capital Surpluse	57.0M	57.5M	58.2M	54.5M	62.7M	61.4M
Long Term Investments	25.1M	36.9M	22.7M	6.3M	24.5M	17.2M

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When determining whether Clearfield is a strong investment it is important to analyze Clearfield's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Clearfield's future performance. For an informed investment choice regarding Clearfield Stock, refer to the following important reports:

How To Invest In Clearfield

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Is Clearfield Stock a good investment?

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What is Clearfield's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clearfield. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For information on how to trade Clearfield Stock refer to our How to Trade Clearfield Stock guide.

You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

Is Communications Equipment space 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 Clearfield. If investors know Clearfield 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 Clearfield 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

(0.85)

Earnings Share

(0.85)

Revenue Per Share

11.432

Quarterly Revenue Growth

(0.06)

Return On Assets

(0.04)

The market value of Clearfield is measured differently than its book value, which is the value of Clearfield that is recorded on the company's balance sheet. Investors also form their own opinion of Clearfield's value that differs from its market value or its book value, called intrinsic value, which is Clearfield'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 Clearfield's market value can be influenced by many factors that don't directly affect Clearfield'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 Clearfield's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clearfield is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clearfield'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.

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Clearfield Change To Inventory vs Net Income Analysis

Change To Inventory vs Net Income

Change To Inventory vs Net Income Correlation Analysis

Correlation Coefficient

Change To Inventory

Net Income

Clearfield fundamental ratios Correlations

Clearfield Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Clearfield fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Total Stockholder Equity
Property Plant And Equipment Net	+ 0.98	Total Assets
Retained Earnings	+ 0.98	Total Assets

Other Assets	- 0.41	Retained Earnings
Cash	- 0.41	Net Debt
Other Assets	- 0.36	Cash
Other Assets	- 0.35	Non Current Assets Total
Other Assets	- 0.35	Property Plant And Equipment Net
Other Assets	- 0.34	Total Assets