Nova Non Current Liabilities Total vs Asset Turnover Analysis
| NOVV Stock | USD 37.00 0.00 0.00% |
Nova Vision financial indicator trend analysis is infinitely more than just investigating Nova Vision Acquisition recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nova Vision Acquisition is a good investment. Please check the relationship between Nova Vision Non Current Liabilities Total and its Asset Turnover accounts. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
Non Current Liabilities Total vs Asset Turnover
Non Current Liabilities Total vs Asset Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nova Vision Acquisition Non Current Liabilities Total account and Asset Turnover. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Nova Vision's Non Current Liabilities Total and Asset Turnover is -0.39. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Nova Vision Acquisition, assuming nothing else is changed. The correlation between historical values of Nova Vision's Non Current Liabilities Total and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Nova Vision Acquisition are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Non Current Liabilities Total i.e., Nova Vision's Non Current Liabilities Total and Asset Turnover go up and down completely randomly.
Correlation Coefficient | -0.39 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Non Current Liabilities Total
Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Most indicators from Nova Vision's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nova Vision Acquisition 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. At this time, Nova Vision's Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 297.39 in 2024, whereas Selling General Administrative is likely to drop slightly above 537.2 K in 2024.
| 2010 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 1.0M | 713.8K | 750.7K | 658.2K | EBITDA | 1.0M | 638.0K | 146.9K | 139.5K |
Nova Vision fundamental ratios Correlations
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Nova Vision Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Additional Tools for Nova Stock Analysis
When running Nova Vision's price analysis, check to measure Nova Vision's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nova Vision is operating at the current time. Most of Nova Vision's value examination focuses on studying past and present price action to predict the probability of Nova Vision's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Vision's price. Additionally, you may evaluate how the addition of Nova Vision to your portfolios can decrease your overall portfolio volatility.