Enovix Net Working Capital vs Property Plant Equipment 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 Net Working Capital and its Property Plant Equipment 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.

Net Working Capital vs Property Plant Equipment

Net Working Capital vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enovix Corp Net Working Capital account and Property Plant Equipment. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Enovix Corp's Net Working Capital and Property Plant Equipment is 0.92. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Property Plant Equipment 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 Net Working Capital and Property Plant Equipment 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 Enovix Corp are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Net Working Capital i.e., Enovix Corp's Net Working Capital and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

0.92
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Working Capital

Property Plant Equipment

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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