Enovix Accounts Payable vs Net Working Capital Analysis
ENVX Stock | USD 10.07 0.18 1.82% |
Enovix Corp financial indicator trend analysis is much more than just examining Enovix Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enovix Corp is a good investment. Please check the relationship between Enovix Corp Accounts Payable and its Net Working Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enovix Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. For more information on how to buy Enovix Stock please use our How to Invest in Enovix Corp guide.
Accounts Payable vs Net Working Capital
Accounts Payable vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enovix Corp Accounts Payable account and Net Working Capital. At this time, the significance of the direction appears to have strong relationship.
The correlation between Enovix Corp's Accounts Payable and Net Working Capital is 0.68. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Enovix Corp, assuming nothing else is changed. The correlation between historical values of Enovix Corp's Accounts Payable and Net 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 Accounts Payable of Enovix Corp are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Accounts Payable i.e., Enovix Corp's Accounts Payable and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.68 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Enovix Corp obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Enovix Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Net Working Capital
Most indicators from Enovix Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enovix Corp 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 Enovix Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. For more information on how to buy Enovix Stock please use our How to Invest in Enovix Corp guide.Enterprise Value is likely to rise to about 2.2 B in 2024, whereas Selling General Administrative is likely to drop slightly above 45.1 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 67.6M | 110.0M | 115.0M | 86.0M | Cost Of Revenue | 2.0M | 23.2M | 43.3M | 45.5M |
Enovix Corp fundamental ratios Correlations
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Enovix Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Enovix Corp's price analysis, check to measure Enovix Corp'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 Enovix Corp is operating at the current time. Most of Enovix Corp's value examination focuses on studying past and present price action to predict the probability of Enovix Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enovix Corp's price. Additionally, you may evaluate how the addition of Enovix Corp to your portfolios can decrease your overall portfolio volatility.