Elutia Net Income Per Share vs Ptb Ratio Analysis

ELUT Stock

4.84 1.31 37.11%

Elutia financial indicator trend analysis is much more than just examining Elutia Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elutia Inc is a good investment. Please check the relationship between Elutia Net Income Per Share and its Ptb Ratio accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elutia 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 employment.

Net Income Per Share vs Ptb Ratio

Net Income Per Share vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elutia Inc Net Income Per Share account and Ptb Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Elutia's Net Income Per Share and Ptb Ratio is -0.31. Overlapping area represents the amount of variation of Net Income Per Share that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Elutia Inc, assuming nothing else is changed. The correlation between historical values of Elutia's Net Income Per Share and Ptb Ratio 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 Per Share of Elutia Inc are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Net Income Per Share i.e., Elutia's Net Income Per Share and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

-0.31

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income Per Share

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Most indicators from Elutia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elutia 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elutia 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 employment.

At this time, Elutia's Tax Provision is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 13.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 12.8 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	19.0M	11.6M	11.1M	13.1M
Total Revenue	47.4M	23.8M	24.7M	29.1M

Gross Profit Total Revenue

Elutia fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets	Capital Stock
Total Assets		0.35	0.42	0.96	-0.12	0.8	0.16	-0.85	-0.26	-0.74	0.84	-0.31	0.42	-0.34	-0.28	0.36	0.02	-0.74	0.39	0.6	-0.77	0.98	0.14	0.88	0.9	0.47
Other Current Liab	0.35		0.99	0.47	-0.92	0.71	-0.83	-0.15	-0.89	-0.81	0.52	-0.91	0.63	-0.88	0.29	0.61	0.89	-0.79	-0.68	0.82	-0.58	0.46	-0.78	0.01	0.62	0.92
Total Current Liabilities	0.42	0.99		0.54	-0.92	0.79	-0.79	-0.27	-0.93	-0.87	0.63	-0.95	0.54	-0.88	0.24	0.55	0.9	-0.85	-0.6	0.8	-0.67	0.53	-0.79	0.06	0.71	0.96
Total Stockholder Equity	0.96	0.47	0.54		-0.24	0.91	0.08	-0.9	-0.43	-0.86	0.92	-0.5	0.36	-0.54	-0.42	0.28	0.18	-0.86	0.32	0.59	-0.88	1.0	0.0	0.86	0.94	0.64
Other Liab	-0.12	-0.92	-0.92	-0.24		-0.57	0.91	-0.02	0.94	0.69	-0.4	0.9	-0.47	0.83	-0.43	-0.56	-0.91	0.67	0.79	-0.72	0.5	-0.22	0.95	0.28	-0.5	-0.83
Net Tangible Assets	0.8	0.71	0.79	0.91	-0.57		-0.24	-0.8	-0.75	-0.98	0.97	-0.8	0.31	-0.77	-0.29	0.29	0.53	-0.99	0.01	0.64	-0.96	0.89	-0.39	0.6	0.96	0.88
Property Plant And Equipment Net	0.16	-0.83	-0.79	0.08	0.91	-0.24		-0.37	0.74	0.39	-0.05	0.71	-0.5	0.61	-0.67	-0.55	-0.89	0.36	0.96	-0.6	0.12	0.08	0.9	0.54	-0.16	-0.63
Net Debt	-0.85	-0.15	-0.27	-0.9	-0.02	-0.8	-0.37		0.25	0.67	-0.9	0.33	0.08	0.31	0.65	0.13	0.01	0.7	-0.6	-0.2	0.81	-0.88	-0.16	-0.87	-0.8	-0.45
Retained Earnings	-0.26	-0.89	-0.93	-0.43	0.94	-0.75	0.74	0.25		0.83	-0.62	0.98	-0.29	0.92	-0.11	-0.37	-0.89	0.83	0.57	-0.63	0.71	-0.39	0.89	0.07	-0.65	-0.93
Accounts Payable	-0.74	-0.81	-0.87	-0.86	0.69	-0.98	0.39	0.67	0.83		-0.9	0.85	-0.44	0.87	0.17	-0.44	-0.61	1.0	0.15	-0.75	0.94	-0.84	0.5	-0.49	-0.94	-0.91
Cash	0.84	0.52	0.63	0.92	-0.4	0.97	-0.05	-0.9	-0.62	-0.9		-0.67	0.13	-0.62	-0.39	0.13	0.37	-0.92	0.22	0.5	-0.95	0.9	-0.26	0.67	0.95	0.76
Non Current Assets Total	-0.31	-0.91	-0.95	-0.5	0.9	-0.8	0.71	0.33	0.98	0.85	-0.67		-0.28	0.93	-0.02	-0.3	-0.91	0.86	0.53	-0.6	0.72	-0.46	0.83	-0.02	-0.66	-0.98
Non Currrent Assets Other	0.42	0.63	0.54	0.36	-0.47	0.31	-0.5	0.08	-0.29	-0.44	0.13	-0.28		-0.41	0.48	0.95	0.27	-0.38	-0.45	0.89	-0.21	0.4	-0.2	0.16	0.41	0.35
Other Assets	-0.34	-0.88	-0.88	-0.54	0.83	-0.77	0.61	0.31	0.92	0.87	-0.62	0.93	-0.41		0.1	-0.42	-0.77	0.86	0.47	-0.66	0.76	-0.5	0.71	-0.12	-0.66	-0.91
Long Term Debt	-0.28	0.29	0.24	-0.42	-0.43	-0.29	-0.67	0.65	-0.11	0.17	-0.39	-0.02	0.48	0.1		0.58	0.32	0.22	-0.72	0.39	0.4	-0.37	-0.44	-0.63	-0.2	-0.03
Net Receivables	0.36	0.61	0.55	0.28	-0.56	0.29	-0.55	0.13	-0.37	-0.44	0.13	-0.3	0.95	-0.42	0.58		0.28	-0.38	-0.5	0.91	-0.25	0.32	-0.33	0.03	0.42	0.33
Common Stock Shares Outstanding	0.02	0.89	0.9	0.18	-0.91	0.53	-0.89	0.01	-0.89	-0.61	0.37	-0.91	0.27	-0.77	0.32	0.28		-0.6	-0.77	0.51	-0.39	0.16	-0.91	-0.29	0.37	0.87
Non Current Liabilities Total	-0.74	-0.79	-0.85	-0.86	0.67	-0.99	0.36	0.7	0.83	1.0	-0.92	0.86	-0.38	0.86	0.22	-0.38	-0.6		0.12	-0.71	0.95	-0.84	0.49	-0.5	-0.94	-0.91
Inventory	0.39	-0.68	-0.6	0.32	0.79	0.01	0.96	-0.6	0.57	0.15	0.22	0.53	-0.45	0.47	-0.72	-0.5	-0.77	0.12		-0.45	-0.12	0.32	0.81	0.7	0.1	-0.43
Other Current Assets	0.6	0.82	0.8	0.59	-0.72	0.64	-0.6	-0.2	-0.63	-0.75	0.5	-0.6	0.89	-0.66	0.39	0.91	0.51	-0.71	-0.45		-0.57	0.61	-0.47	0.23	0.72	0.66
Total Liab	-0.77	-0.58	-0.67	-0.88	0.5	-0.96	0.12	0.81	0.71	0.94	-0.95	0.72	-0.21	0.76	0.4	-0.25	-0.39	0.95	-0.12	-0.57		-0.85	0.34	-0.6	-0.94	-0.77
Net Invested Capital	0.98	0.46	0.53	1.0	-0.22	0.89	0.08	-0.88	-0.39	-0.84	0.9	-0.46	0.4	-0.5	-0.37	0.32	0.16	-0.84	0.32	0.61	-0.85		0.03	0.87	0.93	0.61
Property Plant And Equipment Gross	0.14	-0.78	-0.79	0.0	0.95	-0.39	0.9	-0.16	0.89	0.5	-0.26	0.83	-0.2	0.71	-0.44	-0.33	-0.91	0.49	0.81	-0.47	0.34	0.03		0.5	-0.29	-0.72
Short Long Term Debt	0.88	0.01	0.06	0.86	0.28	0.6	0.54	-0.87	0.07	-0.49	0.67	-0.02	0.16	-0.12	-0.63	0.03	-0.29	-0.5	0.7	0.23	-0.6	0.87	0.5		0.66	0.2
Total Current Assets	0.9	0.62	0.71	0.94	-0.5	0.96	-0.16	-0.8	-0.65	-0.94	0.95	-0.66	0.41	-0.66	-0.2	0.42	0.37	-0.94	0.1	0.72	-0.94	0.93	-0.29	0.66		0.75
Capital Stock	0.47	0.92	0.96	0.64	-0.83	0.88	-0.63	-0.45	-0.93	-0.91	0.76	-0.98	0.35	-0.91	-0.03	0.33	0.87	-0.91	-0.43	0.66	-0.77	0.61	-0.72	0.2	0.75

Click cells to compare fundamentals

Elutia Account Relationship Matchups

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Elutia Stock Analysis

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Elutia Net Income Per Share vs Ptb Ratio Analysis

Net Income Per Share vs Ptb Ratio

Net Income Per Share vs Ptb Ratio Correlation Analysis

Correlation Coefficient

Net Income Per Share

Ptb Ratio

Elutia fundamental ratios Correlations

Elutia Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for Elutia Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Invested Capital	+ 1.0	Total Stockholder Equity
Non Current Liabilities Total	+ 1.0	Accounts Payable
Total Current Liabilities	+ 0.99	Other Current Liab
Net Invested Capital	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Retained Earnings
Cash	+ 0.97	Net Tangible Assets

Non Current Liabilities Total	- 0.99	Net Tangible Assets
Capital Stock	- 0.98	Non Current Assets Total
Accounts Payable	- 0.98	Net Tangible Assets
Total Liab	- 0.96	Net Tangible Assets
Total Liab	- 0.95	Cash
Non Current Assets Total	- 0.95	Total Current Liabilities