Enovix Current Deferred Revenue vs Accounts Payable 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 Current Deferred Revenue and its Accounts Payable 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.

Current Deferred Revenue vs Accounts Payable

Current Deferred Revenue vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enovix Corp Current Deferred Revenue account and Accounts Payable. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Enovix Corp's Current Deferred Revenue and Accounts Payable is -0.18. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Accounts Payable 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 Current Deferred Revenue and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Enovix Corp are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Current Deferred Revenue i.e., Enovix Corp's Current Deferred Revenue and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.18
Relationship DirectionNegative 
Relationship StrengthInsignificant

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

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.
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 Expenses67.6M110.0M115.0M86.0M
Cost Of Revenue2.0M23.2M43.3M45.5M

Enovix Corp fundamental ratios Correlations

0.380.120.47-0.470.42-0.090.31-0.330.44-0.30.550.480.550.56-0.79-0.320.430.50.340.450.240.610.260.560.29
0.380.630.9-0.990.99-0.110.72-0.770.76-0.740.810.860.760.92-0.19-0.210.720.910.920.790.940.420.890.880.9
0.120.630.84-0.690.520.040.98-0.790.94-0.770.820.880.890.69-0.2-0.820.940.620.750.930.41-0.390.760.820.73
0.470.90.84-0.940.85-0.180.92-0.910.95-0.90.950.970.950.91-0.41-0.60.930.860.890.960.720.160.850.970.85
-0.47-0.99-0.69-0.94-0.970.08-0.780.8-0.830.77-0.88-0.92-0.83-0.960.270.32-0.79-0.94-0.95-0.85-0.9-0.38-0.91-0.94-0.92
0.420.990.520.85-0.97-0.080.62-0.680.68-0.660.750.810.690.9-0.18-0.10.640.90.890.710.970.530.850.840.87
-0.09-0.110.04-0.180.08-0.08-0.020.5-0.020.56-0.190.01-0.03-0.020.260.00.01-0.010.060.020.03-0.230.09-0.020.07
0.310.720.980.92-0.780.62-0.02-0.860.99-0.830.910.950.960.8-0.32-0.810.980.730.810.980.49-0.210.810.910.79
-0.33-0.77-0.79-0.910.8-0.680.5-0.86-0.860.99-0.91-0.85-0.83-0.790.330.59-0.82-0.74-0.77-0.84-0.54-0.06-0.75-0.84-0.74
0.440.760.940.95-0.830.68-0.020.99-0.86-0.820.950.980.980.86-0.39-0.780.980.80.851.00.53-0.080.840.960.82
-0.3-0.74-0.77-0.90.77-0.660.56-0.830.99-0.82-0.87-0.8-0.81-0.730.360.58-0.8-0.68-0.71-0.81-0.51-0.05-0.69-0.8-0.68
0.550.810.820.95-0.880.75-0.190.91-0.910.95-0.870.970.930.94-0.38-0.650.90.890.890.940.60.140.870.970.87
0.480.860.880.97-0.920.810.010.95-0.850.98-0.80.970.960.94-0.33-0.640.950.90.930.980.690.080.910.990.91
0.550.760.890.95-0.830.69-0.030.96-0.830.98-0.810.930.960.84-0.54-0.790.990.760.80.990.520.010.770.960.76
0.560.920.690.91-0.960.9-0.020.8-0.790.86-0.730.940.940.84-0.24-0.390.790.990.970.860.810.350.940.960.95
-0.79-0.19-0.2-0.410.27-0.180.26-0.320.33-0.390.36-0.38-0.33-0.54-0.240.53-0.47-0.12-0.04-0.410.03-0.290.05-0.390.04
-0.32-0.21-0.82-0.60.32-0.10.0-0.810.59-0.780.58-0.65-0.64-0.79-0.390.53-0.83-0.28-0.36-0.760.090.49-0.35-0.6-0.32
0.430.720.940.93-0.790.640.010.98-0.820.98-0.80.90.950.990.79-0.47-0.830.710.780.990.48-0.130.760.920.74
0.50.910.620.86-0.940.9-0.010.73-0.740.8-0.680.890.90.760.99-0.12-0.280.710.970.790.840.390.950.920.97
0.340.920.750.89-0.950.890.060.81-0.770.85-0.710.890.930.80.97-0.04-0.360.780.970.850.840.211.00.931.0
0.450.790.930.96-0.850.710.020.98-0.841.0-0.810.940.980.990.86-0.41-0.760.990.790.850.57-0.050.830.960.82
0.240.940.410.72-0.90.970.030.49-0.540.53-0.510.60.690.520.810.030.090.480.840.840.570.520.820.710.83
0.610.42-0.390.16-0.380.53-0.23-0.21-0.06-0.08-0.050.140.080.010.35-0.290.49-0.130.390.21-0.050.520.140.190.18
0.260.890.760.85-0.910.850.090.81-0.750.84-0.690.870.910.770.940.05-0.350.760.951.00.830.820.140.91.0
0.560.880.820.97-0.940.84-0.020.91-0.840.96-0.80.970.990.960.96-0.39-0.60.920.920.930.960.710.190.90.9
0.290.90.730.85-0.920.870.070.79-0.740.82-0.680.870.910.760.950.04-0.320.740.971.00.820.830.181.00.9
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Enovix Corp Account Relationship Matchups

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