Inventronics Operating Income vs Total Revenue Analysis

IVX Stock

CAD 0.58 0.03 4.92%

Inventronics financial indicator trend analysis is infinitely more than just investigating Inventronics recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Inventronics is a good investment. Please check the relationship between Inventronics Operating Income and its Total Revenue accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Inventronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Operating Income vs Total Revenue

Operating Income vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Inventronics Operating Income account and Total Revenue. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Inventronics' Operating Income and Total Revenue is 0.96. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Inventronics, assuming nothing else is changed. The correlation between historical values of Inventronics' Operating Income and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Inventronics are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Operating Income i.e., Inventronics' Operating Income and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

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Operating Income

Operating Income is the amount of profit realized from Inventronics operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Inventronics is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Total Revenue

Total revenue comprises all receipts Inventronics generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

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

At this time, Inventronics' Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 7.70 in 2024, whereas Tax Provision is likely to drop slightly above 108.2 K in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	2.3M	4.1M	1.7M	1.7M
Total Revenue	9.8M	14.2M	8.9M	7.9M

Gross Profit Total Revenue

Inventronics fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Non Current Assets Total	Long Term Debt	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Short Long Term Debt	Total Current Assets	Common Stock	Property Plant Equipment	Net Debt	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Other Liab	Capital Stock	Non Current Liabilities Other	Property Plant And Equipment Net
Total Assets		-0.69	0.39	0.98	0.93	0.96	0.45	0.87	0.06	0.71	0.26	0.89	0.9	0.52	-0.63	0.98	-0.98	0.75	-0.92	0.88	0.99	0.98	-0.75	-0.95	-0.75	0.82
Other Current Liab	-0.69		-0.04	-0.74	-0.73	-0.72	-0.33	-0.58	0.15	-0.48	-0.05	-0.64	-0.44	-0.08	0.94	-0.68	0.65	-0.47	0.73	-0.62	-0.7	-0.72	0.75	0.66	0.75	-0.56
Total Current Liabilities	0.39	-0.04		0.28	0.22	0.34	0.87	0.09	-0.26	0.75	-0.21	0.54	0.37	0.69	-0.03	0.48	-0.41	-0.08	-0.15	0.38	0.27	0.29	0.1	-0.45	0.1	0.0
Total Stockholder Equity	0.98	-0.74	0.28		0.93	0.95	0.38	0.84	-0.05	0.68	0.16	0.9	0.89	0.35	-0.68	0.97	-0.96	0.71	-0.92	0.84	0.99	0.99	-0.84	-0.93	-0.84	0.78
Net Tangible Assets	0.93	-0.73	0.22	0.93		0.99	0.36	0.87	0.15	0.61	0.29	0.81	0.81	0.4	-0.68	0.88	-0.91	0.79	-0.98	0.96	0.95	0.93	-0.82	-0.94	-0.82	0.84
Retained Earnings	0.96	-0.72	0.34	0.95	0.99		0.46	0.86	0.07	0.68	0.22	0.88	0.85	0.45	-0.65	0.93	-0.95	0.74	-0.96	0.96	0.96	0.95	-0.79	-0.98	-0.79	0.8
Accounts Payable	0.45	-0.33	0.87	0.38	0.36	0.46		0.18	-0.44	0.77	-0.34	0.62	0.27	0.48	-0.35	0.52	-0.49	-0.11	-0.27	0.45	0.34	0.35	-0.17	-0.56	-0.17	-0.02
Non Current Assets Total	0.87	-0.58	0.09	0.84	0.87	0.86	0.18		0.43	0.35	0.58	0.59	0.73	0.51	-0.5	0.76	-0.89	0.92	-0.83	0.84	0.9	0.82	-0.64	-0.86	-0.64	0.91
Long Term Debt	0.06	0.15	-0.26	-0.05	0.15	0.07	-0.44	0.43		-0.4	0.95	-0.32	0.04	0.48	0.19	-0.09	-0.06	0.63	-0.16	0.25	0.11	-0.01	0.16	-0.06	0.16	0.56
Net Receivables	0.71	-0.48	0.75	0.68	0.61	0.68	0.77	0.35	-0.4		-0.24	0.8	0.7	0.45	-0.5	0.8	-0.64	0.22	-0.57	0.6	0.63	0.69	-0.41	-0.67	-0.41	0.31
Non Current Liabilities Total	0.26	-0.05	-0.21	0.16	0.29	0.22	-0.34	0.58	0.95	-0.24		-0.16	0.16	0.56	-0.06	0.12	-0.24	0.74	-0.32	0.36	0.3	0.2	-0.03	-0.2	-0.03	0.72
Inventory	0.89	-0.64	0.54	0.9	0.81	0.88	0.62	0.59	-0.32	0.8	-0.16		0.81	0.33	-0.59	0.94	-0.88	0.4	-0.81	0.78	0.85	0.9	-0.74	-0.89	-0.74	0.51
Other Current Assets	0.9	-0.44	0.37	0.89	0.81	0.85	0.27	0.73	0.04	0.7	0.16	0.81		0.43	-0.35	0.9	-0.85	0.71	-0.8	0.76	0.9	0.9	-0.6	-0.82	-0.6	0.73
Total Liab	0.52	-0.08	0.69	0.35	0.4	0.45	0.48	0.51	0.48	0.45	0.56	0.33	0.43		-0.07	0.49	-0.52	0.48	-0.37	0.58	0.45	0.39	0.06	-0.53	0.06	0.53
Short Long Term Debt	-0.63	0.94	-0.03	-0.68	-0.68	-0.65	-0.35	-0.5	0.19	-0.5	-0.06	-0.59	-0.35	-0.07		-0.64	0.57	-0.38	0.71	-0.55	-0.63	-0.68	0.78	0.57	0.78	-0.52
Total Current Assets	0.98	-0.68	0.48	0.97	0.88	0.93	0.52	0.76	-0.09	0.8	0.12	0.94	0.9	0.49	-0.64		-0.94	0.63	-0.89	0.84	0.96	0.98	-0.74	-0.92	-0.74	0.73
Common Stock	-0.98	0.65	-0.41	-0.96	-0.91	-0.95	-0.49	-0.89	-0.06	-0.64	-0.24	-0.88	-0.85	-0.52	0.57	-0.94		-0.72	0.87	-0.89	-0.97	-0.94	0.72	0.98	0.72	-0.78
Property Plant Equipment	0.75	-0.47	-0.08	0.71	0.79	0.74	-0.11	0.92	0.63	0.22	0.74	0.4	0.71	0.48	-0.38	0.63	-0.72		-0.79	0.76	0.81	0.73	-0.52	-0.69	-0.52	0.97
Net Debt	-0.92	0.73	-0.15	-0.92	-0.98	-0.96	-0.27	-0.83	-0.16	-0.57	-0.32	-0.81	-0.8	-0.37	0.71	-0.89	0.87	-0.79		-0.92	-0.94	-0.94	0.87	0.89	0.87	-0.87
Common Stock Shares Outstanding	0.88	-0.62	0.38	0.84	0.96	0.96	0.45	0.84	0.25	0.6	0.36	0.78	0.76	0.58	-0.55	0.84	-0.89	0.76	-0.92		0.89	0.85	-0.66	-0.95	-0.66	0.81
Net Invested Capital	0.99	-0.7	0.27	0.99	0.95	0.96	0.34	0.9	0.11	0.63	0.3	0.85	0.9	0.45	-0.63	0.96	-0.97	0.81	-0.94	0.89		0.98	-0.79	-0.94	-0.79	0.86
Net Working Capital	0.98	-0.72	0.29	0.99	0.93	0.95	0.35	0.82	-0.01	0.69	0.2	0.9	0.9	0.39	-0.68	0.98	-0.94	0.73	-0.94	0.85	0.98		-0.83	-0.91	-0.83	0.81
Other Liab	-0.75	0.75	0.1	-0.84	-0.82	-0.79	-0.17	-0.64	0.16	-0.41	-0.03	-0.74	-0.6	0.06	0.78	-0.74	0.72	-0.52	0.87	-0.66	-0.79	-0.83		0.71	1.0	-0.62
Capital Stock	-0.95	0.66	-0.45	-0.93	-0.94	-0.98	-0.56	-0.86	-0.06	-0.67	-0.2	-0.89	-0.82	-0.53	0.57	-0.92	0.98	-0.69	0.89	-0.95	-0.94	-0.91	0.71		0.71	-0.74
Non Current Liabilities Other	-0.75	0.75	0.1	-0.84	-0.82	-0.79	-0.17	-0.64	0.16	-0.41	-0.03	-0.74	-0.6	0.06	0.78	-0.74	0.72	-0.52	0.87	-0.66	-0.79	-0.83	1.0	0.71		-0.62
Property Plant And Equipment Net	0.82	-0.56	0.0	0.78	0.84	0.8	-0.02	0.91	0.56	0.31	0.72	0.51	0.73	0.53	-0.52	0.73	-0.78	0.97	-0.87	0.81	0.86	0.81	-0.62	-0.74	-0.62

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Inventronics Account Relationship Matchups

Inventronics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.3M	3.7M	5.2M	6.0M	6.1M	4.7M
Other Current Liab	95K	82K	62K	42K	37.8K	61.6K
Total Current Liabilities	527K	354K	892K	1.1M	607K	808.0K
Total Stockholder Equity	621K	1.3M	2.3M	2.9M	2.8M	1.5M
Net Tangible Assets	426K	621K	1.3M	2.3M	2.6M	2.8M
Retained Earnings	(1.8M)	(1.2M)	929K	1.3M	1.1M	1.2M
Accounts Payable	302K	148K	685K	619K	227K	442.6K
Non Current Assets Total	2.1M	2.3M	2.8M	2.5M	3.2M	2.7M
Long Term Debt	2.1M	2.1M	2.0M	2.0M	2.4M	2.4M
Net Receivables	307K	623K	846K	1.3M	574K	747.0K
Non Current Liabilities Total	2.1M	2.1M	2.0M	2.0M	2.7M	2.4M
Inventory	772K	652K	1.3M	1.9M	1.0M	995.9K
Other Current Assets	16K	26K	27K	37K	33K	27.2K
Total Liab	2.7M	2.4M	2.9M	3.1M	3.3M	3.2M
Total Current Assets	1.1M	1.4M	2.4M	3.5M	2.9M	2.0M
Property Plant Equipment	2.2M	2.1M	2.3M	2.3M	2.6M	2.5M
Net Debt	2.1M	1.9M	1.8M	1.6M	1.5M	1.5M
Net Invested Capital	2.7M	3.4M	4.3M	4.9M	5.3M	4.1M
Net Working Capital	620K	1.1M	1.5M	2.4M	2.3M	1.4M

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