Novonix Property Plant And Equipment Net vs Common Stock Shares Outstanding Analysis
NVX Stock | USD 1.98 0.71 26.39% |
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 Property Plant And Equipment Net and its Common Stock Shares Outstanding 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.
Property Plant And Equipment Net vs Common Stock Shares Outstanding
Property Plant And Equipment Net vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Novonix Ltd ADR Property Plant And Equipment Net account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Novonix's Property Plant And Equipment Net and Common Stock Shares Outstanding is 0.83. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Common Stock Shares Outstanding 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 Property Plant And Equipment Net and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Novonix Ltd ADR are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Property Plant And Equipment Net i.e., Novonix's Property Plant And Equipment Net and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.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
Click cells to compare fundamentals
Novonix Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Novonix Stock Analysis
When running Novonix's price analysis, check to measure Novonix'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 Novonix is operating at the current time. Most of Novonix's value examination focuses on studying past and present price action to predict the probability of Novonix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novonix's price. Additionally, you may evaluate how the addition of Novonix to your portfolios can decrease your overall portfolio volatility.