Inari Sale Purchase Of Stock vs Change To Inventory Analysis

NARI Stock  USD 55.59  0.76  1.35%   
Inari Medical financial indicator trend analysis is infinitely more than just investigating Inari Medical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Inari Medical is a good investment. Please check the relationship between Inari Medical Sale Purchase Of Stock and its Change To Inventory accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Inari Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more detail on how to invest in Inari Stock please use our How to Invest in Inari Medical guide.

Sale Purchase Of Stock vs Change To Inventory

Sale Purchase Of Stock vs Change To Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Inari Medical Sale Purchase Of Stock account and Change To Inventory. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Inari Medical's Sale Purchase Of Stock and Change To Inventory is 0.91. Overlapping area represents the amount of variation of Sale Purchase Of Stock that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of Inari Medical, assuming nothing else is changed. The correlation between historical values of Inari Medical's Sale Purchase Of Stock and Change To Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Sale Purchase Of Stock of Inari Medical are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Sale Purchase Of Stock i.e., Inari Medical's Sale Purchase Of Stock and Change To Inventory go up and down completely randomly.

Correlation Coefficient

0.91
Relationship DirectionPositive 
Relationship StrengthVery Strong

Sale Purchase Of Stock

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.
Most indicators from Inari Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Inari Medical 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Inari Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more detail on how to invest in Inari Stock please use our How to Invest in Inari Medical guide.As of now, Inari Medical's Tax Provision is increasing as compared to previous years. The Inari Medical's current Sales General And Administrative To Revenue is estimated to increase to 0.94, while Selling General Administrative is projected to decrease to under 177.6 M.
 2021 2022 2023 2024 (projected)
Depreciation And Amortization4.5M7.6M10.7M11.3M
Interest Income154K1.9M15.6M16.4M

Inari Medical fundamental ratios Correlations

0.860.990.990.990.990.87-0.11-0.30.920.530.90.860.470.740.750.920.820.930.740.460.941.00.80.920.81
0.860.840.850.910.910.87-0.490.080.920.790.620.740.720.950.870.940.960.950.950.030.950.860.860.930.46
0.990.841.00.970.980.9-0.05-0.290.930.490.90.870.490.740.730.920.80.940.740.480.921.00.820.90.83
0.990.851.00.970.980.9-0.05-0.280.930.490.90.870.50.740.730.920.80.940.740.480.921.00.820.90.83
0.990.910.970.971.00.89-0.24-0.20.920.630.830.80.490.780.830.950.880.950.780.320.970.980.850.950.71
0.990.910.980.981.00.89-0.23-0.210.920.620.840.810.490.780.820.950.880.950.780.330.970.990.840.950.72
0.870.870.90.90.890.89-0.16-0.050.960.520.660.650.430.780.830.960.870.880.780.170.870.890.960.940.58
-0.11-0.49-0.05-0.05-0.24-0.23-0.16-0.73-0.18-0.880.160.03-0.31-0.43-0.48-0.27-0.57-0.34-0.430.69-0.44-0.08-0.32-0.30.42
-0.30.08-0.29-0.28-0.2-0.21-0.05-0.73-0.110.53-0.47-0.310.140.110.06-0.10.180.020.11-0.710.03-0.30.15-0.12-0.6
0.920.920.930.930.920.920.96-0.18-0.110.530.760.790.550.870.770.990.910.930.870.290.90.920.880.960.67
0.530.790.490.490.630.620.52-0.880.530.530.260.380.540.690.740.610.810.720.69-0.380.790.510.660.610.01
0.90.620.90.90.830.840.660.16-0.470.760.260.910.360.540.390.730.570.790.540.770.750.90.520.70.96
0.860.740.870.870.80.810.650.03-0.310.790.380.910.70.750.420.750.610.860.750.650.760.870.540.690.87
0.470.720.490.50.490.490.43-0.310.140.550.540.360.70.840.450.530.510.670.840.060.550.490.440.450.3
0.740.950.740.740.780.780.78-0.430.110.870.690.540.750.840.730.880.870.881.00.040.830.740.740.830.41
0.750.870.730.730.830.820.83-0.480.060.770.740.390.420.450.730.830.860.770.73-0.210.850.740.890.860.25
0.920.940.920.920.950.950.96-0.27-0.10.990.610.730.750.530.880.830.940.930.880.20.930.920.890.990.61
0.820.960.80.80.880.880.87-0.570.180.910.810.570.610.510.870.860.940.90.87-0.060.940.810.870.950.38
0.930.950.940.940.950.950.88-0.340.020.930.720.790.860.670.880.770.930.90.880.270.970.940.860.90.66
0.740.950.740.740.780.780.78-0.430.110.870.690.540.750.841.00.730.880.870.880.040.830.740.740.830.41
0.460.030.480.480.320.330.170.69-0.710.29-0.380.770.650.060.04-0.210.2-0.060.270.040.160.47-0.020.160.89
0.940.950.920.920.970.970.87-0.440.030.90.790.750.760.550.830.850.930.940.970.830.160.930.870.930.58
1.00.861.01.00.980.990.89-0.08-0.30.920.510.90.870.490.740.740.920.810.940.740.470.930.810.910.82
0.80.860.820.820.850.840.96-0.320.150.880.660.520.540.440.740.890.890.870.860.74-0.020.870.810.880.42
0.920.930.90.90.950.950.94-0.3-0.120.960.610.70.690.450.830.860.990.950.90.830.160.930.910.880.57
0.810.460.830.830.710.720.580.42-0.60.670.010.960.870.30.410.250.610.380.660.410.890.580.820.420.57
Click cells to compare fundamentals

Inari Medical Account Relationship Matchups

Inari Medical fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets44.5M214.1M311.5M504.2M674.2M707.9M
Other Current Liab6.3M10.8M34.4M45.9M62.4M65.5M
Total Current Liabilities8.9M13.8M42.5M56.2M76.3M80.2M
Total Stockholder Equity(39.1M)200.3M239.2M417.0M464.9M488.2M
Net Tangible Assets(39.1M)200.3M239.2M417.0M479.6M503.5M
Property Plant And Equipment Net3.3M7.5M61.4M72.4M69.3M39.4M
Net Debt(4.2M)(114.2M)(63.5M)(27.9M)(6.6M)(6.9M)
Retained Earnings(41.2M)(27.4M)(17.6M)(46.9M)(48.5M)(50.9M)
Accounts Payable2.5M3.0M6.5M7.7M10.6M5.7M
Cash23.6M114.2M92.8M60.2M38.6M64.4M
Non Current Assets Total5.1M8.4M66.3M81.2M438.7M460.6M
Non Currrent Assets Other1.5M583K981K589K2.6M2.7M
Other Assets1.8M921K981K589K677.4K949.3K
Cash And Short Term Investments23.6M164.2M176.1M326.4M115.5M151.7M
Net Receivables11.3M28.0M42.4M58.6M70.1M39.0M
Common Stock Shares Outstanding48.2M51.6M55.6M52.8M56.8M56.8M
Liabilities And Stockholders Equity44.5M214.1M311.5M504.2M674.2M707.9M
Non Current Liabilities Total74.8M3.0M29.8M31.0M133.0M139.6M
Inventory4.0M10.6M21.1M32.6M42.9M45.0M
Other Current Assets514.1K2.9M11.0M10.6M7.1M6.0M
Other Stockholder Equity2.1M227.6M257.1M462.9M504.5M266.9M
Total Liab83.7M13.8M72.3M87.2M209.3M219.8M
Net Invested Capital(19.7M)200.3M239.2M417.0M464.9M233.2M
Property Plant And Equipment Gross3.3M7.5M61.4M72.4M83.0M41.9M
Total Current Assets39.4M205.7M245.2M422.9M235.6M215.4M
Accumulated Other Comprehensive Income(54.2M)4K(402K)849K8.9M9.3M
Capital Stock6.7K49K50K54K58K41.1K
Net Working Capital30.5M191.8M202.7M366.7M159.2M178.7M
Common Stock6.7K49K50K54K58K41.1K
Property Plant Equipment3.3M7.5M16.5M72.4M83.2M87.4M

Currently Active Assets on Macroaxis

When determining whether Inari Medical offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Inari Medical's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Inari Medical Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Inari Medical Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Inari Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more detail on how to invest in Inari Stock please use our How to Invest in Inari Medical guide.
You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Health Care Equipment & Supplies 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 Inari Medical. If investors know Inari 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 Inari Medical 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
(0.84)
Earnings Share
(1.35)
Revenue Per Share
9.901
Quarterly Revenue Growth
0.214
Return On Assets
(0.03)
The market value of Inari Medical is measured differently than its book value, which is the value of Inari that is recorded on the company's balance sheet. Investors also form their own opinion of Inari Medical's value that differs from its market value or its book value, called intrinsic value, which is Inari Medical'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 Inari Medical's market value can be influenced by many factors that don't directly affect Inari Medical'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 Inari Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Inari Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Inari Medical'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.