Foxx Net Invested Capital vs Net Working Capital Analysis

FOXX Stock

6.37 0.09 1.43%

Foxx Development financial indicator trend analysis is much more than just examining Foxx Development Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Foxx Development Holdings is a good investment. Please check the relationship between Foxx Development Net Invested Capital and its Net Working Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Foxx Development Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Net Invested Capital vs Net Working Capital

Net Invested Capital vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Foxx Development Holdings Net Invested Capital account and Net Working Capital. At this time, the significance of the direction appears to have pay attention.

The correlation between Foxx Development's Net Invested Capital and Net Working Capital is -0.78. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Foxx Development Holdings, assuming nothing else is changed. The correlation between historical values of Foxx Development's Net Invested Capital 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 Net Invested Capital of Foxx Development Holdings 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 Net Invested Capital i.e., Foxx Development's Net Invested Capital and Net Working Capital go up and down completely randomly.

Correlation Coefficient

-0.78

Relationship Direction	Negative
Relationship Strength	Weak

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Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Net Working Capital

Most indicators from Foxx Development's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Foxx Development Holdings 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 Foxx Development Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Sales General And Administrative To Revenue is likely to rise to 0.68 in 2024, whereas Tax Provision is likely to drop slightly above 13.1 K in 2024.

	2010	2022	2023	2024 (projected)
Gross Profit	454.6K	1.1M	115.9K	110.1K
Total Revenue	12.9M	21.6M	3.2M	3.1M

Gross Profit Total Revenue

Foxx Development fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital	Short Term Debt	Common Stock	Long Term Debt
Total Assets		1.0	0.9	0.99	-0.91	0.93	-0.83	0.9	-0.87	0.88	0.57	0.92	0.57	0.77	-0.73	-0.73	0.99	0.92	0.93	1.0	1.0	-0.73	-0.91	1.0	-0.73	-0.79
Short Long Term Debt Total	1.0		0.89	0.99	-0.9	0.93	-0.84	0.89	-0.86	0.87	0.58	0.91	0.58	0.77	-0.73	-0.73	0.99	0.93	0.93	1.0	1.0	-0.73	-0.91	1.0	-0.73	-0.79
Other Current Liab	0.9	0.89		0.9	-1.0	0.98	-0.69	1.0	-1.0	1.0	0.42	1.0	0.42	0.95	-0.95	-0.95	0.9	0.78	0.98	0.89	0.89	-0.95	-1.0	0.89	-0.95	-0.98
Total Current Liabilities	0.99	0.99	0.9		-0.92	0.91	-0.75	0.9	-0.87	0.89	0.46	0.91	0.46	0.82	-0.73	-0.73	1.0	0.87	0.91	0.99	0.99	-0.73	-0.92	0.99	-0.73	-0.79
Total Stockholder Equity	-0.91	-0.9	-1.0	-0.92		-0.97	0.67	-1.0	0.99	-1.0	-0.38	-0.99	-0.38	-0.96	0.93	0.93	-0.92	-0.78	-0.97	-0.9	-0.9	0.93	1.0	-0.9	0.93	0.96
Property Plant And Equipment Net	0.93	0.93	0.98	0.91	-0.97		-0.82	0.98	-0.97	0.96	0.6	0.99	0.6	0.87	-0.93	-0.93	0.91	0.89	1.0	0.93	0.93	-0.93	-0.97	0.93	-0.93	-0.95
Current Deferred Revenue	-0.83	-0.84	-0.69	-0.75	0.67	-0.82		-0.69	0.66	-0.64	-0.93	-0.76	-0.93	-0.44	0.61	0.61	-0.76	-0.98	-0.82	-0.84	-0.85	0.61	0.68	-0.84	0.61	0.64
Net Debt	0.9	0.89	1.0	0.9	-1.0	0.98	-0.69		-1.0	1.0	0.42	1.0	0.42	0.95	-0.95	-0.95	0.9	0.78	0.98	0.89	0.89	-0.95	-1.0	0.89	-0.95	-0.98
Retained Earnings	-0.87	-0.86	-1.0	-0.87	0.99	-0.97	0.66	-1.0		-1.0	-0.4	-0.99	-0.4	-0.96	0.97	0.97	-0.87	-0.75	-0.97	-0.86	-0.86	0.97	0.99	-0.86	0.97	0.99
Accounts Payable	0.88	0.87	1.0	0.89	-1.0	0.96	-0.64	1.0	-1.0		0.36	0.99	0.36	0.97	-0.95	-0.95	0.89	0.74	0.96	0.87	0.87	-0.95	-1.0	0.87	-0.95	-0.98
Cash	0.57	0.58	0.42	0.46	-0.38	0.6	-0.93	0.42	-0.4	0.36		0.51	1.0	0.13	-0.42	-0.42	0.46	0.84	0.6	0.59	0.59	-0.42	-0.4	0.58	-0.42	-0.42
Non Current Assets Total	0.92	0.91	1.0	0.91	-0.99	0.99	-0.76	1.0	-0.99	0.99	0.51		0.51	0.92	-0.94	-0.94	0.91	0.84	0.99	0.91	0.92	-0.94	-0.99	0.91	-0.94	-0.97
Cash And Short Term Investments	0.57	0.58	0.42	0.46	-0.38	0.6	-0.93	0.42	-0.4	0.36	1.0	0.51		0.13	-0.42	-0.42	0.46	0.84	0.6	0.59	0.59	-0.42	-0.4	0.58	-0.42	-0.42
Net Receivables	0.77	0.77	0.95	0.82	-0.96	0.87	-0.44	0.95	-0.96	0.97	0.13	0.92	0.13		-0.91	-0.91	0.82	0.57	0.87	0.76	0.76	-0.91	-0.96	0.77	-0.91	-0.94
Common Stock Shares Outstanding	-0.73	-0.73	-0.95	-0.73	0.93	-0.93	0.61	-0.95	0.97	-0.95	-0.42	-0.94	-0.42	-0.91		1.0	-0.73	-0.67	-0.93	-0.73	-0.73	1.0	0.93	-0.73	1.0	0.99
Other Stockholder Equity	-0.73	-0.73	-0.95	-0.73	0.93	-0.93	0.61	-0.95	0.97	-0.95	-0.42	-0.94	-0.42	-0.91	1.0		-0.73	-0.67	-0.93	-0.73	-0.73	1.0	0.93	-0.73	1.0	0.99
Total Liab	0.99	0.99	0.9	1.0	-0.92	0.91	-0.76	0.9	-0.87	0.89	0.46	0.91	0.46	0.82	-0.73	-0.73		0.87	0.91	0.99	0.99	-0.73	-0.92	0.99	-0.73	-0.79
Net Invested Capital	0.92	0.93	0.78	0.87	-0.78	0.89	-0.98	0.78	-0.75	0.74	0.84	0.84	0.84	0.57	-0.67	-0.67	0.87		0.89	0.93	0.94	-0.67	-0.78	0.93	-0.67	-0.71
Property Plant And Equipment Gross	0.93	0.93	0.98	0.91	-0.97	1.0	-0.82	0.98	-0.97	0.96	0.6	0.99	0.6	0.87	-0.93	-0.93	0.91	0.89		0.93	0.93	-0.93	-0.97	0.93	-0.93	-0.95
Short Long Term Debt	1.0	1.0	0.89	0.99	-0.9	0.93	-0.84	0.89	-0.86	0.87	0.59	0.91	0.59	0.76	-0.73	-0.73	0.99	0.93	0.93		1.0	-0.73	-0.91	1.0	-0.73	-0.79
Total Current Assets	1.0	1.0	0.89	0.99	-0.9	0.93	-0.85	0.89	-0.86	0.87	0.59	0.92	0.59	0.76	-0.73	-0.73	0.99	0.94	0.93	1.0		-0.73	-0.91	1.0	-0.73	-0.79
Capital Stock	-0.73	-0.73	-0.95	-0.73	0.93	-0.93	0.61	-0.95	0.97	-0.95	-0.42	-0.94	-0.42	-0.91	1.0	1.0	-0.73	-0.67	-0.93	-0.73	-0.73		0.93	-0.73	1.0	0.99
Net Working Capital	-0.91	-0.91	-1.0	-0.92	1.0	-0.97	0.68	-1.0	0.99	-1.0	-0.4	-0.99	-0.4	-0.96	0.93	0.93	-0.92	-0.78	-0.97	-0.91	-0.91	0.93		-0.91	0.93	0.96
Short Term Debt	1.0	1.0	0.89	0.99	-0.9	0.93	-0.84	0.89	-0.86	0.87	0.58	0.91	0.58	0.77	-0.73	-0.73	0.99	0.93	0.93	1.0	1.0	-0.73	-0.91		-0.73	-0.79
Common Stock	-0.73	-0.73	-0.95	-0.73	0.93	-0.93	0.61	-0.95	0.97	-0.95	-0.42	-0.94	-0.42	-0.91	1.0	1.0	-0.73	-0.67	-0.93	-0.73	-0.73	1.0	0.93	-0.73		0.99
Long Term Debt	-0.79	-0.79	-0.98	-0.79	0.96	-0.95	0.64	-0.98	0.99	-0.98	-0.42	-0.97	-0.42	-0.94	0.99	0.99	-0.79	-0.71	-0.95	-0.79	-0.79	0.99	0.96	-0.79	0.99

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Foxx Net Invested Capital vs Net Working Capital Analysis

Net Invested Capital vs Net Working Capital

Net Invested Capital vs Net Working Capital Correlation Analysis

Correlation Coefficient

Net Invested Capital

Net Working Capital

Foxx Development fundamental ratios Correlations

Foxx Development Account Relationship Matchups

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Short Long Term Debt Total	+ 1.0	Total Assets
Short Long Term Debt	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Short Term Debt	+ 1.0	Total Assets
Short Long Term Debt	+ 1.0	Short Long Term Debt Total
Total Current Assets	+ 1.0	Short Long Term Debt Total

Net Working Capital	- 1.0	Accounts Payable
Accounts Payable	- 1.0	Retained Earnings
Net Working Capital	- 1.0	Net Debt
Retained Earnings	- 1.0	Net Debt
Accounts Payable	- 1.0	Total Stockholder Equity
Net Debt	- 1.0	Total Stockholder Equity