CODX Net Income vs Change In Working Capital Analysis
CODX Stock | USD 0.81 0.03 3.56% |
Co Diagnostics financial indicator trend analysis is way more than just evaluating Co Diagnostics prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Co Diagnostics is a good investment. Please check the relationship between Co Diagnostics Net Income and its Change In Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Co Diagnostics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy CODX Stock please use our How to Invest in Co Diagnostics guide.
Net Income vs Change In Working Capital
Net Income vs Change In Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Co Diagnostics Net Income account and Change In Working Capital. At this time, the significance of the direction appears to have pay attention.
The correlation between Co Diagnostics' Net Income and Change In Working Capital is -0.86. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Co Diagnostics, assuming nothing else is changed. The correlation between historical values of Co Diagnostics' Net Income and Change In Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Co Diagnostics are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Net Income i.e., Co Diagnostics' Net Income and Change In Working Capital go up and down completely randomly.
Correlation Coefficient | -0.86 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Co Diagnostics financial statement analysis. It represents the amount of money remaining after all of Co Diagnostics operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Most indicators from Co Diagnostics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Co Diagnostics 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 Co Diagnostics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy CODX Stock please use our How to Invest in Co Diagnostics guide.Selling General Administrative is likely to rise to about 15 M in 2024, despite the fact that Tax Provision is likely to grow to (9.3 M).
Co Diagnostics fundamental ratios Correlations
Click cells to compare fundamentals
Co Diagnostics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Co Diagnostics fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.2M | 71.2M | 160.0M | 123.1M | 95.3M | 50.6M | |
Total Current Liabilities | 328.1K | 4.5M | 12.6M | 3.9M | 5.7M | 3.8M | |
Total Stockholder Equity | 1.7M | 66.7M | 134.5M | 114.5M | 86.0M | 44.2M | |
Net Tangible Assets | 1.7M | 66.7M | 92.6M | 87.8M | 100.9M | 106.0M | |
Retained Earnings | (25.0M) | 17.5M | 54.2M | 39.9M | 4.6M | 5.5M | |
Accounts Payable | 6.0K | 598.3K | 607.5K | 952.3K | 1.5M | 1.6M | |
Cash | 893.1K | 43.0M | 88.6M | 23.0M | 14.9M | 19.4M | |
Cash And Short Term Investments | 893.1K | 47.3M | 89.9M | 81.3M | 58.5M | 31.2M | |
Capital Surpluse | 26.7M | 49.2M | 80.3M | 88.5M | 101.7M | 106.8M | |
Total Liab | 478.1K | 4.5M | 25.6M | 8.6M | 9.3M | 6.4M | |
Total Current Assets | 1.6M | 68.4M | 115.1M | 92.7M | 62.1M | 38.2M | |
Common Stock | 17.3K | 28.6K | 33.8K | 34.8K | 36.1K | 22.9K | |
Property Plant Equipment | 196.8K | 949.6K | 1.9M | 2.5M | 2.9M | 3.1M | |
Other Current Liab | 320.8K | 3.4M | 9.6M | 1.1M | 1.6M | 2.2M | |
Property Plant And Equipment Net | 196.8K | 949.6K | 1.9M | 2.9M | 6.0M | 6.3M | |
Net Debt | (893.1K) | (43.0M) | (88.6M) | (22.6M) | (11.9M) | (12.5M) | |
Non Current Assets Total | 631.1K | 2.9M | 44.9M | 30.4M | 33.2M | 34.8M | |
Non Currrent Assets Other | (631.1K) | 1.4M | (484.9K) | 672.7K | (1.0) | (0.95) | |
Net Receivables | 131.4K | 12.1M | 20.9M | 5.4M | 330.9K | 314.3K | |
Common Stock Total Equity | 17.3K | 28.6K | 33.8K | 34.8K | 40.0K | 21.9K | |
Common Stock Shares Outstanding | 16.8M | 28.0M | 29.9M | 31.5M | 29.3M | 22.2M | |
Liabilities And Stockholders Equity | 2.2M | 71.2M | 160.0M | 123.1M | 95.3M | 56.2M | |
Non Current Liabilities Total | 150K | 30K | 13.0M | 4.7M | 3.6M | 2.8M | |
Other Current Assets | 362.6K | 916.3K | 2.3M | 761.2K | 1.6M | 889.4K | |
Other Stockholder Equity | 26.7M | 49.2M | 80.3M | 74.3M | 81.2M | 42.8M | |
Property Plant And Equipment Gross | 196.8K | 949.6K | 2.6M | 4.3M | 8.2M | 8.6M | |
Other Liab | 150K | 30K | 13.0M | 4.6M | 5.3M | 3.3M | |
Retained Earnings Total Equity | (25.0M) | 17.5M | 54.2M | 39.9M | 45.9M | 48.2M | |
Inventory | 197.2K | 8.0M | 2.0M | 5.3M | 1.7M | 2.7M | |
Net Invested Capital | 1.7M | 66.7M | 134.5M | 114.5M | 86.0M | 64.1M | |
Long Term Investments | 434.2K | 1.9M | 75K | 672.7K | 773.4K | 671.4K | |
Net Working Capital | 1.3M | 63.8M | 102.5M | 88.9M | 56.4M | 49.6M |
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When running Co Diagnostics' price analysis, check to measure Co Diagnostics' 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 Co Diagnostics is operating at the current time. Most of Co Diagnostics' value examination focuses on studying past and present price action to predict the probability of Co Diagnostics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Co Diagnostics' price. Additionally, you may evaluate how the addition of Co Diagnostics to your portfolios can decrease your overall portfolio volatility.