Innodata Other Operating Expenses vs Ebit Analysis

INOD Stock  USD 38.33  2.04  5.05%   
Innodata financial indicator trend analysis is infinitely more than just investigating Innodata recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Innodata is a good investment. Please check the relationship between Innodata Other Operating Expenses and its Ebit accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Innodata. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
For information on how to trade Innodata Stock refer to our How to Trade Innodata Stock guide.

Other Operating Expenses vs Ebit

Other Operating Expenses vs Ebit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Innodata Other Operating Expenses account and Ebit. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Innodata's Other Operating Expenses and Ebit is -0.22. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Ebit in the same time period over historical financial statements of Innodata, assuming nothing else is changed. The correlation between historical values of Innodata's Other Operating Expenses and Ebit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of Innodata are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Other Operating Expenses i.e., Innodata's Other Operating Expenses and Ebit go up and down completely randomly.

Correlation Coefficient

-0.22
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Innodata. It is also known as Innodata overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Ebit

Most indicators from Innodata's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Innodata 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Innodata. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
For information on how to trade Innodata Stock refer to our How to Trade Innodata Stock guide.At present, Innodata's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 46.03, whereas Selling General Administrative is forecasted to decline to about 16.4 M.
 2021 2022 2023 2024 (projected)
Gross Profit25.7M27.5M31.3M17.0M
Total Revenue69.8M79.0M86.8M57.1M

Innodata fundamental ratios Correlations

0.630.110.580.750.56-0.480.360.350.630.690.810.690.76-0.850.520.570.520.860.070.370.10.220.820.830.57
0.630.110.50.230.63-0.03-0.050.430.30.830.360.220.17-0.70.420.620.580.270.350.620.310.090.710.740.24
0.110.110.69-0.270.230.22-0.67-0.27-0.140.35-0.11-0.180.01-0.060.280.60.72-0.09-0.710.690.670.820.460.410.19
0.580.50.690.060.440.11-0.480.40.050.740.250.060.41-0.520.520.840.970.27-0.450.820.790.70.840.830.2
0.750.23-0.270.060.23-0.760.820.10.790.110.90.880.66-0.720.24-0.04-0.040.930.26-0.2-0.37-0.110.360.410.53
0.560.630.230.440.230.040.030.010.140.680.350.160.28-0.460.370.350.540.270.080.620.010.380.440.470.66
-0.48-0.030.220.11-0.760.04-0.660.07-0.960.15-0.52-0.96-0.240.390.230.090.14-0.75-0.110.180.350.15-0.17-0.19-0.32
0.36-0.05-0.67-0.480.820.03-0.66-0.050.61-0.270.640.710.42-0.34-0.01-0.51-0.560.670.54-0.61-0.8-0.53-0.16-0.110.41
0.350.43-0.270.40.10.010.07-0.050.020.440.160.040.25-0.420.30.380.310.160.360.140.35-0.290.430.49-0.21
0.630.3-0.140.050.790.14-0.960.610.020.070.60.970.27-0.57-0.110.070.040.790.160.01-0.23-0.070.360.390.38
0.690.830.350.740.110.680.15-0.270.440.070.320.040.33-0.590.550.850.760.220.020.710.530.370.830.820.28
0.810.36-0.110.250.90.35-0.520.640.160.60.320.690.8-0.810.390.180.140.870.18-0.04-0.230.040.540.560.57
0.690.22-0.180.060.880.16-0.960.710.040.970.040.690.44-0.59-0.020.010.010.90.16-0.06-0.31-0.070.340.370.47
0.760.170.010.410.660.28-0.240.420.250.270.330.80.44-0.610.560.280.270.79-0.10.04-0.090.180.540.530.48
-0.85-0.7-0.06-0.52-0.72-0.460.39-0.34-0.42-0.57-0.59-0.81-0.59-0.61-0.5-0.47-0.46-0.73-0.23-0.32-0.13-0.09-0.8-0.86-0.42
0.520.420.280.520.240.370.23-0.010.3-0.110.550.39-0.020.56-0.50.450.420.320.120.240.20.150.530.540.34
0.570.620.60.84-0.040.350.09-0.510.380.070.850.180.010.28-0.470.450.840.17-0.330.740.760.520.90.850.04
0.520.580.720.97-0.040.540.14-0.560.310.040.760.140.010.27-0.460.420.840.17-0.450.930.790.740.80.790.21
0.860.27-0.090.270.930.27-0.750.670.160.790.220.870.90.79-0.730.320.170.170.080.0-0.240.040.520.540.57
0.070.35-0.71-0.450.260.08-0.110.540.360.160.020.180.16-0.1-0.230.12-0.33-0.450.08-0.41-0.52-0.84-0.19-0.110.13
0.370.620.690.82-0.20.620.18-0.610.140.010.71-0.04-0.060.04-0.320.240.740.930.0-0.410.70.710.650.640.19
0.10.310.670.79-0.370.010.35-0.80.35-0.230.53-0.23-0.31-0.09-0.130.20.760.79-0.24-0.520.70.60.580.55-0.34
0.220.090.820.7-0.110.380.15-0.53-0.29-0.070.370.04-0.070.18-0.090.150.520.740.04-0.840.710.60.460.40.13
0.820.710.460.840.360.44-0.17-0.160.430.360.830.540.340.54-0.80.530.90.80.52-0.190.650.580.460.990.23
0.830.740.410.830.410.47-0.19-0.110.490.390.820.560.370.53-0.860.540.850.790.54-0.110.640.550.40.990.27
0.570.240.190.20.530.66-0.320.41-0.210.380.280.570.470.48-0.420.340.040.210.570.130.19-0.340.130.230.27
Click cells to compare fundamentals

Innodata Account Relationship Matchups

Innodata fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets49.7M57.3M59.2M48.0M59.4M41.8M
Short Long Term Debt Total7.8M7.3M7.3M5.8M5.5M3.3M
Other Current Liab912K10.9M1.3M5.8M12.1M12.7M
Total Current Liabilities15.2M18.3M21.3M20.8M22.9M24.1M
Total Stockholder Equity26.3M29.6M29.9M18.8M25.7M27.5M
Property Plant And Equipment Net14.1M13.8M8.6M6.8M7.3M7.0M
Net Debt(3.0M)(10.3M)(12.6M)(5.1M)(8.3M)(8.7M)
Retained Earnings5.0M4.8M3.2M(8.8M)(9.7M)(9.2M)
Accounts Payable4.8M1.4M9.4M9.9M2.7M3.3M
Cash10.9M17.6M18.9M9.8M13.8M13.7M
Non Current Assets Total25.7M25.4M25.3M24.4M27.4M14.3M
Non Currrent Assets Other2.1M2.6M2.2M1.5M2.4M2.1M
Cash And Short Term Investments10.9M17.6M18.9M10.3M13.8M14.4M
Net Receivables9.7M10.0M11.4M9.5M14.3M9.7M
Common Stock Shares Outstanding25.8M25.6M26.6M27.3M28.1M27.8M
Liabilities And Stockholders Equity49.7M57.3M59.2M48.0M59.4M41.8M
Other Current Assets3.4M4.2M3.7M3.9M4.0M3.2M
Other Stockholder Equity22.0M25.5M28.7M29.4M36.7M21.8M
Total Liab26.9M31.0M32.8M30.0M34.4M36.2M
Total Current Assets24.0M31.9M34.0M23.7M32.1M27.5M
Short Term Debt1.1M990K1.0M693K(3.1M)(2.9M)
Non Current Liabilities Total11.6M12.7M11.5M9.2M11.5M12.1M
Intangible Assets5.5M4.7M10.3M12.5M13.8M14.4M
Property Plant And Equipment Gross14.1M13.8M8.6M6.8M24.9M26.2M
Accumulated Other Comprehensive Income(920K)(938K)(2.2M)(2.1M)(1.6M)(1.7M)
Other Assets4.0M11.4M4.2M3.0M3.4M4.2M
Property Plant Equipment7.1M13.8M8.6M2.5M2.9M2.7M
Good Will2.1M2.2M2.1M2.0M2.1M1.4M
Current Deferred Revenue8.4M10.7M9.6M4.4M3.5M5.2M
Long Term Debt4.5M6.3M6.2M5.1M5.8M3.4M
Other Liab4.8M6.1M6.2M5.1M5.9M4.1M
Net Tangible Assets22.0M22.8M17.4M3.5M3.1M3.0M
Warrants(3.4M)(3.4M)(3.5M)(727K)(654.3K)(687.0K)
Retained Earnings Total Equity5.0M4.8M3.2M(8.8M)(7.9M)(7.5M)
Long Term Debt Total4.5M6.3M6.2M5.1M5.8M4.9M

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Innodata is a strong investment it is important to analyze Innodata's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Innodata's future performance. For an informed investment choice regarding Innodata Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Innodata. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
For information on how to trade Innodata Stock refer to our How to Trade Innodata Stock guide.
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Is Data Processing & Outsourced Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Innodata. If investors know Innodata will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Innodata listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
50
Earnings Share
0.11
Revenue Per Share
4.764
Quarterly Revenue Growth
1.356
Return On Assets
0.1351
The market value of Innodata is measured differently than its book value, which is the value of Innodata that is recorded on the company's balance sheet. Investors also form their own opinion of Innodata's value that differs from its market value or its book value, called intrinsic value, which is Innodata's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Innodata's market value can be influenced by many factors that don't directly affect Innodata's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Innodata's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innodata is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innodata's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.