Cutera Net Working Capital vs Net Invested Capital Analysis

CUTR Stock  USD 0.39  0.02  5.41%   
Cutera financial indicator trend analysis is way more than just evaluating Cutera Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cutera Inc is a good investment. Please check the relationship between Cutera Net Working Capital and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cutera Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Net Working Capital vs Net Invested Capital

Net Working Capital vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cutera Inc Net Working Capital account and Net Invested Capital. At this time, the significance of the direction appears to have totally related.
The correlation between Cutera's Net Working Capital and Net Invested Capital is 0.99. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Cutera Inc, assuming nothing else is changed. The correlation between historical values of Cutera's Net Working Capital and Net Invested 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 Working Capital of Cutera Inc are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Net Working Capital i.e., Cutera's Net Working Capital and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Working Capital

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Most indicators from Cutera's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cutera Inc 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 Cutera Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
At this time, Cutera's Selling General Administrative is relatively stable compared to the past year. As of 12/10/2024, Tax Provision is likely to grow to about 1.6 M, while Sales General And Administrative To Revenue is likely to drop 0.26.
 2021 2022 2023 2024 (projected)
Gross Profit133.1M139.8M41.5M61.7M
Total Revenue231.3M252.4M212.4M112.8M

Cutera fundamental ratios Correlations

-0.630.87-0.770.910.140.880.770.580.950.990.820.920.930.910.910.80.90.690.460.930.90.930.910.240.7
-0.63-0.890.95-0.690.18-0.27-0.34-0.09-0.85-0.56-0.68-0.68-0.82-0.66-0.86-0.93-0.81-0.270.29-0.87-0.77-0.44-0.87-0.03-0.31
0.87-0.89-0.920.78-0.10.630.530.330.970.830.720.80.940.860.940.90.880.450.150.980.860.720.960.110.49
-0.770.95-0.92-0.80.17-0.43-0.58-0.39-0.92-0.71-0.75-0.78-0.91-0.73-0.93-0.98-0.9-0.520.13-0.93-0.86-0.56-0.95-0.13-0.56
0.91-0.690.78-0.80.130.720.750.510.910.890.880.90.880.760.880.860.90.670.220.890.880.820.880.240.65
0.140.18-0.10.170.130.140.230.030.020.140.330.290.130.220.13-0.090.150.170.06-0.030.210.370.060.170.14
0.88-0.270.63-0.430.720.140.710.640.710.920.540.680.690.730.610.450.60.660.80.70.620.90.630.230.65
0.77-0.340.53-0.580.750.230.710.890.660.770.70.780.680.620.680.590.740.980.330.630.740.690.660.350.98
0.58-0.090.33-0.390.510.030.640.890.430.610.390.510.470.390.420.360.470.930.440.410.460.490.440.330.93
0.95-0.850.97-0.920.910.020.710.660.430.910.850.910.980.890.980.940.950.580.181.00.940.820.980.180.6
0.99-0.560.83-0.710.890.140.920.770.610.910.790.890.90.890.860.740.860.70.540.890.860.950.860.240.7
0.82-0.680.72-0.750.880.330.540.70.390.850.790.960.860.840.880.850.930.630.010.810.950.770.850.190.62
0.92-0.680.8-0.780.90.290.680.780.510.910.890.960.920.920.920.850.970.710.170.870.980.870.90.230.71
0.93-0.820.94-0.910.880.130.690.680.470.980.90.860.920.910.980.920.950.60.160.970.940.840.990.190.63
0.91-0.660.86-0.730.760.220.730.620.390.890.890.840.920.910.880.780.880.550.30.870.920.890.870.220.59
0.91-0.860.94-0.930.880.130.610.680.420.980.860.880.920.980.880.950.970.60.060.970.960.770.990.230.63
0.8-0.930.9-0.980.86-0.090.450.590.360.940.740.850.850.920.780.950.930.53-0.130.930.910.610.950.190.56
0.9-0.810.88-0.90.90.150.60.740.470.950.860.930.970.950.880.970.930.660.050.930.990.780.950.20.68
0.69-0.270.45-0.520.670.170.660.980.930.580.70.630.710.60.550.60.530.660.310.540.670.60.580.360.99
0.460.290.150.130.220.060.80.330.440.180.540.010.170.160.30.06-0.130.050.310.180.070.560.080.080.29
0.93-0.870.98-0.930.89-0.030.70.630.411.00.890.810.870.970.870.970.930.930.540.180.910.790.980.160.57
0.9-0.770.86-0.860.880.210.620.740.460.940.860.950.980.940.920.960.910.990.670.070.910.80.940.240.69
0.93-0.440.72-0.560.820.370.90.690.490.820.950.770.870.840.890.770.610.780.60.560.790.80.780.190.6
0.91-0.870.96-0.950.880.060.630.660.440.980.860.850.90.990.870.990.950.950.580.080.980.940.780.180.61
0.24-0.030.11-0.130.240.170.230.350.330.180.240.190.230.190.220.230.190.20.360.080.160.240.190.180.36
0.7-0.310.49-0.560.650.140.650.980.930.60.70.620.710.630.590.630.560.680.990.290.570.690.60.610.36
Click cells to compare fundamentals

Cutera Account Relationship Matchups

Cutera fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets113.7M132.7M280.3M521.0M346.3M363.6M
Total Stockholder Equity45.9M56.9M56.6M(15.2M)(171.8M)(163.2M)
Net Debt(18.4M)(21.7M)(14.0M)284.7M288.3M302.7M
Retained Earnings(36.4M)(60.2M)(58.2M)(140.5M)(303.3M)(288.2M)
Cash26.3M47.0M164.2M145.9M143.6M150.8M
Other Assets6.8M22.8M11.6M15.2M1.00.95
Cash And Short Term Investments33.9M47.0M164.2M317.3M143.6M87.1M
Common Stock Shares Outstanding14.1M16.7M18.4M18.7M19.9M15.1M
Liabilities And Stockholders Equity113.7M132.7M280.3M521.0M346.3M363.6M
Other Stockholder Equity82.3M117.1M114.7M125.4M131.5M80.7M
Total Liab67.8M75.9M223.7M536.2M518.1M544.0M
Total Current Assets95.0M106.3M249.7M451.2M269.2M282.6M
Other Current Liab32.3M27.0M45.0M47.9M47.9M50.3M
Total Current Liabilities55.8M50.7M73.9M105.8M87.7M92.1M
Property Plant And Equipment Net10.5M19.4M17.6M53.2M47.3M49.7M
Accounts Payable12.7M6.7M7.9M33.7M19.8M20.8M
Non Current Assets Total18.7M26.4M30.6M69.7M77.1M81.0M
Non Currrent Assets Other6.4M5.1M10.2M14.6M27.9M29.3M
Net Receivables21.6M22.0M31.4M45.6M49.4M51.9M
Short Term Investments21.7M9.5M7.6M0.074.0M171.4M
Non Current Liabilities Total12.0M25.1M149.8M430.3M430.4M451.9M
Inventory33.9M28.5M39.5M63.6M62.6M65.7M
Other Current Assets5.6M8.8M17.1M38.7M13.5M14.2M
Property Plant And Equipment Gross10.5M19.4M17.6M53.2M57.7M60.5M
Property Plant Equipment2.8M19.4M17.6M53.2M61.2M64.2M
Other Liab3.5M1.7M1.3M1.7M1.5M2.8M
Current Deferred Revenue10.8M9.5M9.5M11.8M10.4M7.7M
Accumulated Other Comprehensive Income(60K)0.0(11K)(94K)(108.1K)(113.5K)
Net Tangible Assets45.9M55.5M55.2M(16.5M)(14.9M)(14.1M)
Retained Earnings Total Equity(24.0M)(36.4M)(60.2M)(140.5M)(126.5M)(120.1M)
Capital Surpluse70.5M82.3M117.1M125.4M144.2M100.2M
Deferred Long Term Liab5.2M3.4M3.4M4.2M4.8M5.1M
Short Term Debt24K5.9M3.0M3.3M3.3M4.1M
Short Long Term Debt Total7.9M25.4M150.1M430.6M431.9M453.5M
Non Current Liabilities Other5.8M242K763K862K1.3M1.4M
Capital Lease Obligations7.9M18.2M15.9M14.2M11.3M10.8M

Pair Trading with Cutera

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cutera position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cutera will appreciate offsetting losses from the drop in the long position's value.

Moving against Cutera Stock

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The ability to find closely correlated positions to Cutera could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cutera when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cutera - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cutera Inc to buy it.
The correlation of Cutera is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cutera moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cutera Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cutera can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Cutera Stock Analysis

When running Cutera's price analysis, check to measure Cutera's 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 Cutera is operating at the current time. Most of Cutera's value examination focuses on studying past and present price action to predict the probability of Cutera's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cutera's price. Additionally, you may evaluate how the addition of Cutera to your portfolios can decrease your overall portfolio volatility.