Nortech Operating Profit Margin vs Pretax Profit Margin Analysis

NSYS Stock  USD 11.44  0.34  2.89%   
Nortech Systems financial indicator trend analysis is infinitely more than just investigating Nortech Systems recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nortech Systems is a good investment. Please check the relationship between Nortech Systems Operating Profit Margin and its Pretax Profit Margin accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nortech Systems Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Operating Profit Margin vs Pretax Profit Margin

Operating Profit Margin vs Pretax Profit Margin Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nortech Systems Operating Profit Margin account and Pretax Profit Margin. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Nortech Systems' Operating Profit Margin and Pretax Profit Margin is 0.84. Overlapping area represents the amount of variation of Operating Profit Margin that can explain the historical movement of Pretax Profit Margin in the same time period over historical financial statements of Nortech Systems Incorporated, assuming nothing else is changed. The correlation between historical values of Nortech Systems' Operating Profit Margin and Pretax Profit Margin 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 Profit Margin of Nortech Systems Incorporated are associated (or correlated) with its Pretax Profit Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pretax Profit Margin has no effect on the direction of Operating Profit Margin i.e., Nortech Systems' Operating Profit Margin and Pretax Profit Margin go up and down completely randomly.

Correlation Coefficient

0.84
Relationship DirectionPositive 
Relationship StrengthStrong

Operating Profit Margin

Pretax Profit Margin

Most indicators from Nortech Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nortech Systems 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 Nortech Systems Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
At this time, Nortech Systems' Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.09 in 2024, whereas Selling General Administrative is likely to drop slightly above 8.5 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense430K411K487K579.0K
Depreciation And Amortization2.0M1.9M2.1M1.8M

Nortech Systems fundamental ratios Correlations

0.830.740.790.90.850.810.660.90.360.89-0.440.170.780.830.670.820.540.840.960.99-0.080.060.370.810.68
0.830.830.470.560.880.990.370.690.230.89-0.76-0.040.650.610.880.530.750.680.920.77-0.160.210.180.720.35
0.740.830.490.460.720.790.250.760.280.78-0.59-0.120.530.510.770.540.50.510.850.7-0.350.46-0.020.570.14
0.790.470.490.80.540.450.590.830.160.61-0.080.40.620.770.130.810.080.740.70.810.32-0.080.310.740.65
0.90.560.460.80.710.540.770.740.320.69-0.160.330.70.870.360.890.30.830.750.930.11-0.230.460.760.81
0.850.880.720.540.710.890.480.660.090.88-0.57-0.050.590.70.730.680.640.750.850.8-0.040.10.20.770.5
0.810.990.790.450.540.890.360.660.170.87-0.77-0.060.620.610.860.520.750.680.890.75-0.110.170.160.720.35
0.660.370.250.590.770.480.360.510.60.46-0.020.540.880.850.220.680.220.830.520.690.09-0.340.790.640.88
0.90.690.760.830.740.660.660.510.30.83-0.270.080.70.690.560.730.370.710.910.88-0.150.290.190.720.56
0.360.230.280.160.320.090.170.60.30.19-0.290.560.70.290.360.110.380.260.350.4-0.33-0.080.690.010.34
0.890.890.780.610.690.880.870.460.830.19-0.5-0.110.630.670.780.660.550.740.930.82-0.240.380.190.760.54
-0.44-0.76-0.59-0.08-0.16-0.57-0.77-0.02-0.27-0.29-0.5-0.02-0.36-0.13-0.74-0.03-0.77-0.17-0.58-0.410.18-0.07-0.09-0.180.14
0.17-0.04-0.120.40.33-0.05-0.060.540.080.56-0.11-0.020.430.38-0.260.210.060.320.060.260.57-0.630.520.140.39
0.780.650.530.620.70.590.620.880.70.70.63-0.360.430.760.530.560.490.790.760.8-0.11-0.130.730.640.73
0.830.610.510.770.870.70.610.850.690.290.67-0.130.380.760.340.930.250.970.720.840.23-0.230.460.920.82
0.670.880.770.130.360.730.860.220.560.360.78-0.74-0.260.530.340.280.820.420.80.6-0.540.40.110.420.18
0.820.530.540.810.890.680.520.680.730.110.66-0.030.210.560.930.280.140.870.690.840.2-0.090.240.870.71
0.540.750.50.080.30.640.750.220.370.380.55-0.770.060.490.250.820.140.330.640.51-0.160.10.220.280.17
0.840.680.510.740.830.750.680.830.710.260.74-0.170.320.790.970.420.870.330.760.830.2-0.180.430.950.85
0.960.920.850.70.750.850.890.520.910.350.93-0.580.060.760.720.80.690.640.760.93-0.190.240.270.760.52
0.990.770.70.810.930.80.750.690.880.40.82-0.410.260.80.840.60.840.510.830.93-0.03-0.040.410.790.69
-0.08-0.16-0.350.320.11-0.04-0.110.09-0.15-0.33-0.240.180.57-0.110.23-0.540.2-0.160.2-0.19-0.03-0.63-0.020.230.17
0.060.210.46-0.08-0.230.10.17-0.340.29-0.080.38-0.07-0.63-0.13-0.230.4-0.090.1-0.180.24-0.04-0.63-0.35-0.07-0.25
0.370.18-0.020.310.460.20.160.790.190.690.19-0.090.520.730.460.110.240.220.430.270.41-0.02-0.350.20.61
0.810.720.570.740.760.770.720.640.720.010.76-0.180.140.640.920.420.870.280.950.760.790.23-0.070.20.72
0.680.350.140.650.810.50.350.880.560.340.540.140.390.730.820.180.710.170.850.520.690.17-0.250.610.72
Click cells to compare fundamentals

Nortech Systems Account Relationship Matchups

Nortech Systems fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets61.4M57.6M67.1M69.5M75.1M45.4M
Short Long Term Debt Total20.6M21.8M20.2M18.1M14.2M13.1M
Other Current Liab6.8M5.7M6.3M8.5M3.5M3.6M
Total Current Liabilities22.2M11.2M22.3M23.0M26.6M16.7M
Total Stockholder Equity20.0M18.7M26.1M28.1M35.3M18.6M
Property Plant And Equipment Net14.4M15.4M14.8M14.3M13.4M9.8M
Net Debt20.3M21.4M19.6M17.0M13.2M12.5M
Retained Earnings4.2M2.7M9.8M11.8M18.7M19.6M
Accounts Payable14.0M11.2M12.7M14.8M15.9M9.3M
Cash351K352K643K1.0M960K1.0M
Non Current Assets Total18.1M16.6M15.3M14.7M16.3M11.3M
Non Currrent Assets Other(18.1M)(16.6M)(15.3M)(14.7M)(1.0)(1.05)
Cash And Short Term Investments351K352K643K1.0M960K1.0M
Net Receivables26.2M21.5M28.5M28.6M33.8M35.4M
Common Stock Shares Outstanding2.7M2.7M2.8M2.9M2.9M2.9M
Liabilities And Stockholders Equity61.4M57.6M67.1M69.5M75.1M45.4M
Non Current Liabilities Total19.2M27.7M18.7M18.5M13.2M10.0M
Inventory14.3M13.9M19.4M22.4M21.7M15.9M
Other Current Assets2.1M5.2M3.2M2.8M2.4M1.6M
Other Stockholder Equity15.7M15.8M16.0M16.3M16.9M16.9M
Total Liab41.4M38.9M41.0M41.5M39.8M26.8M
Total Current Assets43.3M41.0M51.8M54.9M58.8M34.0M
Short Term Debt1.4M2.6M3.3M3.1M2.8M3.8M
Intangible Assets1.3M1.2M501K422K263K249.9K
Property Plant And Equipment Gross14.4M6.4M39.0M14.3M40.4M42.4M
Accumulated Other Comprehensive Income(257K)(37K)56K(370K)(532K)(558.6K)
Long Term Debt13.3M9.2M9.0M6.9M5.8M8.0M
Property Plant Equipment9.6M15.4M14.8M14.3M16.4M10.4M
Other Liab118K146K104K95K109.3K103.8K
Net Tangible Assets16.0M17.3M25.4M27.4M31.5M21.8M
Retained Earnings Total Equity3.9M5.4M4.2M2.7M2.4M4.1M
Long Term Debt Total14.1M13.8M13.3M9.2M10.6M10.6M
Capital Surpluse15.8M15.6M15.7M15.8M18.2M17.3M
Non Current Liabilities Other5.9M146K104K95K414K802.5K

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Nortech Stock Analysis

When running Nortech Systems' price analysis, check to measure Nortech Systems' 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 Nortech Systems is operating at the current time. Most of Nortech Systems' value examination focuses on studying past and present price action to predict the probability of Nortech Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nortech Systems' price. Additionally, you may evaluate how the addition of Nortech Systems to your portfolios can decrease your overall portfolio volatility.