Inventronics Total Current Assets vs Non Current Liabilities Total 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 Total Current Assets and its Non Current Liabilities Total 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.

Total Current Assets vs Non Current Liabilities Total

Total Current Assets vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Inventronics Total Current Assets account and Non Current Liabilities Total. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Inventronics' Total Current Assets and Non Current Liabilities Total is 0.12. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Inventronics, assuming nothing else is changed. The correlation between historical values of Inventronics' Total Current Assets and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Inventronics are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Total Current Assets i.e., Inventronics' Total Current Assets and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.12
Relationship DirectionPositive 
Relationship StrengthInsignificant

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Non Current Liabilities Total

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 Profit2.3M4.1M1.7M1.7M
Total Revenue9.8M14.2M8.9M7.9M

Inventronics fundamental ratios Correlations

-0.690.390.980.930.960.450.870.060.710.260.890.90.52-0.630.98-0.980.75-0.920.880.990.98-0.75-0.95-0.750.82
-0.69-0.04-0.74-0.73-0.72-0.33-0.580.15-0.48-0.05-0.64-0.44-0.080.94-0.680.65-0.470.73-0.62-0.7-0.720.750.660.75-0.56
0.39-0.040.280.220.340.870.09-0.260.75-0.210.540.370.69-0.030.48-0.41-0.08-0.150.380.270.290.1-0.450.10.0
0.98-0.740.280.930.950.380.84-0.050.680.160.90.890.35-0.680.97-0.960.71-0.920.840.990.99-0.84-0.93-0.840.78
0.93-0.730.220.930.990.360.870.150.610.290.810.810.4-0.680.88-0.910.79-0.980.960.950.93-0.82-0.94-0.820.84
0.96-0.720.340.950.990.460.860.070.680.220.880.850.45-0.650.93-0.950.74-0.960.960.960.95-0.79-0.98-0.790.8
0.45-0.330.870.380.360.460.18-0.440.77-0.340.620.270.48-0.350.52-0.49-0.11-0.270.450.340.35-0.17-0.56-0.17-0.02
0.87-0.580.090.840.870.860.180.430.350.580.590.730.51-0.50.76-0.890.92-0.830.840.90.82-0.64-0.86-0.640.91
0.060.15-0.26-0.050.150.07-0.440.43-0.40.95-0.320.040.480.19-0.09-0.060.63-0.160.250.11-0.010.16-0.060.160.56
0.71-0.480.750.680.610.680.770.35-0.4-0.240.80.70.45-0.50.8-0.640.22-0.570.60.630.69-0.41-0.67-0.410.31
0.26-0.05-0.210.160.290.22-0.340.580.95-0.24-0.160.160.56-0.060.12-0.240.74-0.320.360.30.2-0.03-0.2-0.030.72
0.89-0.640.540.90.810.880.620.59-0.320.8-0.160.810.33-0.590.94-0.880.4-0.810.780.850.9-0.74-0.89-0.740.51
0.9-0.440.370.890.810.850.270.730.040.70.160.810.43-0.350.9-0.850.71-0.80.760.90.9-0.6-0.82-0.60.73
0.52-0.080.690.350.40.450.480.510.480.450.560.330.43-0.070.49-0.520.48-0.370.580.450.390.06-0.530.060.53
-0.630.94-0.03-0.68-0.68-0.65-0.35-0.50.19-0.5-0.06-0.59-0.35-0.07-0.640.57-0.380.71-0.55-0.63-0.680.780.570.78-0.52
0.98-0.680.480.970.880.930.520.76-0.090.80.120.940.90.49-0.64-0.940.63-0.890.840.960.98-0.74-0.92-0.740.73
-0.980.65-0.41-0.96-0.91-0.95-0.49-0.89-0.06-0.64-0.24-0.88-0.85-0.520.57-0.94-0.720.87-0.89-0.97-0.940.720.980.72-0.78
0.75-0.47-0.080.710.790.74-0.110.920.630.220.740.40.710.48-0.380.63-0.72-0.790.760.810.73-0.52-0.69-0.520.97
-0.920.73-0.15-0.92-0.98-0.96-0.27-0.83-0.16-0.57-0.32-0.81-0.8-0.370.71-0.890.87-0.79-0.92-0.94-0.940.870.890.87-0.87
0.88-0.620.380.840.960.960.450.840.250.60.360.780.760.58-0.550.84-0.890.76-0.920.890.85-0.66-0.95-0.660.81
0.99-0.70.270.990.950.960.340.90.110.630.30.850.90.45-0.630.96-0.970.81-0.940.890.98-0.79-0.94-0.790.86
0.98-0.720.290.990.930.950.350.82-0.010.690.20.90.90.39-0.680.98-0.940.73-0.940.850.98-0.83-0.91-0.830.81
-0.750.750.1-0.84-0.82-0.79-0.17-0.640.16-0.41-0.03-0.74-0.60.060.78-0.740.72-0.520.87-0.66-0.79-0.830.711.0-0.62
-0.950.66-0.45-0.93-0.94-0.98-0.56-0.86-0.06-0.67-0.2-0.89-0.82-0.530.57-0.920.98-0.690.89-0.95-0.94-0.910.710.71-0.74
-0.750.750.1-0.84-0.82-0.79-0.17-0.640.16-0.41-0.03-0.74-0.60.060.78-0.740.72-0.520.87-0.66-0.79-0.831.00.71-0.62
0.82-0.560.00.780.840.8-0.020.910.560.310.720.510.730.53-0.520.73-0.780.97-0.870.810.860.81-0.62-0.74-0.62
Click cells to compare fundamentals

Inventronics Account Relationship Matchups

Inventronics fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.3M3.7M5.2M6.0M6.1M4.7M
Other Current Liab95K82K62K42K37.8K61.6K
Total Current Liabilities527K354K892K1.1M607K808.0K
Total Stockholder Equity621K1.3M2.3M2.9M2.8M1.5M
Net Tangible Assets426K621K1.3M2.3M2.6M2.8M
Retained Earnings(1.8M)(1.2M)929K1.3M1.1M1.2M
Accounts Payable302K148K685K619K227K442.6K
Non Current Assets Total2.1M2.3M2.8M2.5M3.2M2.7M
Long Term Debt2.1M2.1M2.0M2.0M2.4M2.4M
Net Receivables307K623K846K1.3M574K747.0K
Non Current Liabilities Total2.1M2.1M2.0M2.0M2.7M2.4M
Inventory772K652K1.3M1.9M1.0M995.9K
Other Current Assets16K26K27K37K33K27.2K
Total Liab2.7M2.4M2.9M3.1M3.3M3.2M
Total Current Assets1.1M1.4M2.4M3.5M2.9M2.0M
Property Plant Equipment2.2M2.1M2.3M2.3M2.6M2.5M
Net Debt2.1M1.9M1.8M1.6M1.5M1.5M
Net Invested Capital2.7M3.4M4.3M4.9M5.3M4.1M
Net Working Capital620K1.1M1.5M2.4M2.3M1.4M

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