Novonix Free Cash Flow Yield vs Free Cash Flow Analysis

NVX Stock

USD 1.65 0.01 0.61%

Novonix financial indicator trend analysis is infinitely more than just investigating Novonix Ltd ADR recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Novonix Ltd ADR is a good investment. Please check the relationship between Novonix Free Cash Flow Yield and its Free Cash Flow accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Novonix Ltd ADR. 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.

Free Cash Flow Yield vs Free Cash Flow

Free Cash Flow Yield vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Novonix Ltd ADR Free Cash Flow Yield account and Free Cash Flow. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Novonix's Free Cash Flow Yield and Free Cash Flow is 0.57. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Novonix Ltd ADR, assuming nothing else is changed. The correlation between historical values of Novonix's Free Cash Flow Yield and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Novonix Ltd ADR are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Free Cash Flow Yield i.e., Novonix's Free Cash Flow Yield and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.57

Relationship Direction	Positive
Relationship Strength	Weak

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Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Novonix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Novonix Ltd ADR 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 Novonix Ltd ADR. 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.

Enterprise Value is likely to rise to about 298.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 16.1 M in 2024.

Novonix fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Total Liab	Total Current Assets	Common Stock	Common Stock Shares Outstanding	Non Current Liabilities Total	Short Long Term Debt Total	Non Currrent Assets Other	Good Will	Inventory	Other Current Assets	Other Stockholder Equity	Short Term Debt	Intangible Assets	Net Tangible Assets
Total Assets		0.86	0.69	0.99	0.85	-0.75	-0.76	0.88	0.94	0.87	0.94	0.87	0.82	0.95	0.94	0.97	0.79	0.32	-0.21	0.2	-0.12	-0.06	-0.24	-0.37	0.41	0.45
Other Current Liab	0.86		0.82	0.84	0.93	-0.47	-0.87	0.79	0.75	0.94	0.75	0.93	0.93	0.76	0.93	0.86	0.91	0.41	-0.05	-0.05	-0.26	-0.24	-0.36	-0.1	0.29	0.67
Total Current Liabilities	0.69	0.82		0.66	0.62	-0.39	-0.56	0.63	0.59	0.66	0.59	0.64	0.66	0.6	0.65	0.63	0.62	-0.02	-0.08	-0.25	-0.57	-0.42	-0.53	0.37	0.23	0.31
Total Stockholder Equity	0.99	0.84	0.66		0.82	-0.81	-0.72	0.89	0.97	0.84	0.97	0.85	0.78	0.97	0.93	0.96	0.74	0.28	-0.27	0.22	-0.1	-0.04	-0.23	-0.4	0.46	0.41
Property Plant And Equipment Net	0.85	0.93	0.62	0.82		-0.38	-0.95	0.77	0.7	1.0	0.7	0.97	0.99	0.71	0.96	0.83	0.98	0.59	0.13	0.07	-0.15	-0.08	-0.18	-0.35	0.1	0.7
Net Debt	-0.75	-0.47	-0.39	-0.81	-0.38		0.27	-0.68	-0.92	-0.41	-0.92	-0.48	-0.34	-0.91	-0.61	-0.74	-0.29	0.03	0.67	-0.39	-0.08	-0.05	0.16	0.36	-0.72	-0.07
Retained Earnings	-0.76	-0.87	-0.56	-0.72	-0.95	0.27		-0.62	-0.61	-0.95	-0.61	-0.97	-0.98	-0.62	-0.91	-0.74	-0.98	-0.6	-0.07	-0.16	0.16	0.19	0.25	0.35	-0.09	-0.66
Accounts Payable	0.88	0.79	0.63	0.89	0.77	-0.68	-0.62		0.84	0.79	0.84	0.76	0.72	0.84	0.84	0.89	0.67	0.17	-0.06	0.08	-0.2	-0.15	-0.33	-0.34	0.43	0.36
Cash	0.94	0.75	0.59	0.97	0.7	-0.92	-0.61	0.84		0.72	1.0	0.77	0.67	1.0	0.86	0.92	0.63	0.21	-0.47	0.35	-0.01	-0.02	-0.22	-0.39	0.6	0.32
Non Current Assets Total	0.87	0.94	0.66	0.84	1.0	-0.41	-0.95	0.79	0.72		0.72	0.98	0.99	0.74	0.97	0.84	0.98	0.53	0.09	0.05	-0.22	-0.14	-0.24	-0.33	0.13	0.65
Cash And Short Term Investments	0.94	0.75	0.59	0.97	0.7	-0.92	-0.61	0.84	1.0	0.72		0.77	0.67	1.0	0.86	0.92	0.63	0.21	-0.47	0.35	-0.01	-0.02	-0.22	-0.39	0.6	0.32
Net Receivables	0.87	0.93	0.64	0.85	0.97	-0.48	-0.97	0.76	0.77	0.98	0.77		0.97	0.77	0.98	0.85	0.97	0.48	-0.07	0.14	-0.21	-0.22	-0.32	-0.39	0.25	0.59
Total Liab	0.82	0.93	0.66	0.78	0.99	-0.34	-0.98	0.72	0.67	0.99	0.67	0.97		0.68	0.95	0.79	1.0	0.59	0.09	0.1	-0.19	-0.14	-0.22	-0.28	0.09	0.67
Total Current Assets	0.95	0.76	0.6	0.97	0.71	-0.91	-0.62	0.84	1.0	0.74	1.0	0.77	0.68		0.87	0.92	0.64	0.22	-0.44	0.34	-0.03	0.0	-0.2	-0.39	0.57	0.33
Common Stock	0.94	0.93	0.65	0.93	0.96	-0.61	-0.91	0.84	0.86	0.97	0.86	0.98	0.95	0.87		0.92	0.93	0.48	-0.12	0.2	-0.13	-0.1	-0.24	-0.41	0.31	0.59
Common Stock Shares Outstanding	0.97	0.86	0.63	0.96	0.83	-0.74	-0.74	0.89	0.92	0.84	0.92	0.85	0.79	0.92	0.92		0.76	0.34	-0.28	0.22	-0.02	-0.11	-0.28	-0.4	0.56	0.53
Non Current Liabilities Total	0.79	0.91	0.62	0.74	0.98	-0.29	-0.98	0.67	0.63	0.98	0.63	0.97	1.0	0.64	0.93	0.76		0.62	0.12	0.1	-0.17	-0.12	-0.19	-0.29	0.06	0.7
Short Long Term Debt Total	0.32	0.41	-0.02	0.28	0.59	0.03	-0.6	0.17	0.21	0.53	0.21	0.48	0.59	0.22	0.48	0.34	0.62		0.27	0.43	0.57	0.57	0.57	-0.32	-0.22	0.84
Non Currrent Assets Other	-0.21	-0.05	-0.08	-0.27	0.13	0.67	-0.07	-0.06	-0.47	0.09	-0.47	-0.07	0.09	-0.44	-0.12	-0.28	0.12	0.27		-0.41	-0.15	0.19	0.27	0.1	-0.84	0.22
Good Will	0.2	-0.05	-0.25	0.22	0.07	-0.39	-0.16	0.08	0.35	0.05	0.35	0.14	0.1	0.34	0.2	0.22	0.1	0.43	-0.41		0.65	0.43	0.39	-0.45	0.29	0.11
Inventory	-0.12	-0.26	-0.57	-0.1	-0.15	-0.08	0.16	-0.2	-0.01	-0.22	-0.01	-0.21	-0.19	-0.03	-0.13	-0.02	-0.17	0.57	-0.15	0.65		0.76	0.77	-0.34	0.13	0.37
Other Current Assets	-0.06	-0.24	-0.42	-0.04	-0.08	-0.05	0.19	-0.15	-0.02	-0.14	-0.02	-0.22	-0.14	0.0	-0.1	-0.11	-0.12	0.57	0.19	0.43	0.76		0.97	-0.19	-0.33	0.27
Other Stockholder Equity	-0.24	-0.36	-0.53	-0.23	-0.18	0.16	0.25	-0.33	-0.22	-0.24	-0.22	-0.32	-0.22	-0.2	-0.24	-0.28	-0.19	0.57	0.27	0.39	0.77	0.97		-0.13	-0.44	0.25
Short Term Debt	-0.37	-0.1	0.37	-0.4	-0.35	0.36	0.35	-0.34	-0.39	-0.33	-0.39	-0.39	-0.28	-0.39	-0.41	-0.4	-0.29	-0.32	0.1	-0.45	-0.34	-0.19	-0.13		-0.2	-0.12
Intangible Assets	0.41	0.29	0.23	0.46	0.1	-0.72	-0.09	0.43	0.6	0.13	0.6	0.25	0.09	0.57	0.31	0.56	0.06	-0.22	-0.84	0.29	0.13	-0.33	-0.44	-0.2		0.02
Net Tangible Assets	0.45	0.67	0.31	0.41	0.7	-0.07	-0.66	0.36	0.32	0.65	0.32	0.59	0.67	0.33	0.59	0.53	0.7	0.84	0.22	0.11	0.37	0.27	0.25	-0.12	0.02

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Novonix Account Relationship Matchups

Novonix fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	51.7M	202.9M	303.0M	189.6M	263.3M	136.8M
Other Current Liab	656.4K	3.6M	4.8M	4.8M	5.9M	6.2M
Total Current Liabilities	2.8M	5.4M	7.9M	5.8M	7.8M	5.4M
Total Stockholder Equity	45.7M	178.2M	251.1M	151.4M	183.9M	109.0M
Property Plant And Equipment Net	10.6M	39.0M	111.6M	89.0M	144.3M	151.5M
Net Debt	(23.1M)	(116.6M)	(100.4M)	(42.6M)	(10.5M)	(11.0M)
Retained Earnings	(43.9M)	(81.9M)	(110.7M)	(94.7M)	(271.2M)	(257.6M)
Accounts Payable	582.5K	1.4M	2.7M	2.8M	1.3M	1.4M
Cash	26.7M	136.7M	142.7M	73.9M	78.7M	56.8M
Non Current Assets Total	23.3M	58.8M	140.8M	110.2M	174.2M	182.9M
Cash And Short Term Investments	26.7M	136.7M	142.7M	73.9M	78.6M	56.7M
Net Receivables	843.6K	2.0M	2.5M	1.9M	3.6M	3.7M
Liabilities And Stockholders Equity	51.7M	202.9M	303.0M	189.6M	263.3M	136.8M
Total Liab	6.0M	24.7M	51.8M	38.2M	79.4M	83.4M
Total Current Assets	28.4M	144.0M	162.2M	79.4M	89.2M	63.2M
Accumulated Other Comprehensive Income	21.0M	26.9M	23.9M	15.1M	20.7M	16.1M
Common Stock	68.6M	233.2M	338.0M	231.1M	338.4M	355.3M
Common Stock Shares Outstanding	42.8M	34.0M	464.4M	486.6M	487.5M	278.7M
Non Current Liabilities Total	3.2M	19.3M	44.0M	32.4M	75.9M	79.7M
Short Long Term Debt Total	3.5M	20.0M	42.3M	31.3M	68.2M	71.6M
Non Currrent Assets Other	16.9K	(12.7M)	168.7K	1.6M	1.3M	1.4M
Good Will	3.3M	11.9M	12.0M	16.0M	8.2M	11.1M
Inventory	939.3K	2.8M	1.9M	2.2M	2.0M	1.8M
Short Term Debt	285.9K	433.2K	457.6K	431.4K	464.7K	441.4K
Intangible Assets	656.6K	16.6M	389.8K	8.3M	10.4K	9.9K
Net Tangible Assets	(2.5M)	48.2M	167.8M	346.4M	398.4M	418.3M
Long Term Debt	1.9M	6.0M	35.9M	52.2M	63.2M	66.4M
Net Invested Capital	68.7M	190.7M	287.2M	416.7M	247.3M	211.5M
Short Long Term Debt	274.9K	277.1K	120.0K	174.1K	174.4K	165.7K
Net Working Capital	37.4M	138.7M	154.3M	223.9M	81.3M	102.6M
Property Plant Equipment	8.8M	15.5M	42.1M	161.8M	186.1M	195.4M
Current Deferred Revenue	1.2M	310.1K	2.7K	49.2K	194.2K	220.1K
Capital Stock	99.9M	233.2M	338.0M	458.7M	338.4M	289.8M
Capital Lease Obligations	2.9M	7.5M	5.3M	7.8M	4.8M	6.2M
Property Plant And Equipment Gross	11.6M	33.3M	111.6M	116.5M	155.7M	104.2M

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Novonix Free Cash Flow Yield vs Free Cash Flow Analysis

Free Cash Flow Yield vs Free Cash Flow

Free Cash Flow Yield vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Free Cash Flow

Novonix fundamental ratios Correlations

Novonix Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Novonix fundamental ratios Accounts

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Additional Tools for Novonix Stock Analysis

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Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash And Short Term Investments
Non Current Liabilities Total	+ 1.0	Total Liab
Total Stockholder Equity	+ 0.99	Total Assets

Non Current Liabilities Total	- 0.98	Retained Earnings
Total Liab	- 0.98	Retained Earnings
Net Receivables	- 0.97	Retained Earnings
Non Current Assets Total	- 0.95	Retained Earnings
Retained Earnings	- 0.95	Property Plant And Equipment Net
Cash And Short Term Investments	- 0.92	Net Debt