Wellnex Cash And Equivalents vs Inventory Analysis

WNX Stock

0.63 0.01 1.61%

Wellnex Life financial indicator trend analysis is more than just analyzing Wellnex Life current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wellnex Life is a good investment. Please check the relationship between Wellnex Life Cash And Equivalents and its Inventory accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wellnex Life. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Cash And Equivalents vs Inventory

Cash And Equivalents vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wellnex Life Cash And Equivalents account and Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Wellnex Life's Cash And Equivalents and Inventory is -0.21. Overlapping area represents the amount of variation of Cash And Equivalents that can explain the historical movement of Inventory in the same time period over historical financial statements of Wellnex Life, assuming nothing else is changed. The correlation between historical values of Wellnex Life's Cash And Equivalents and 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 Cash And Equivalents of Wellnex Life are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Cash And Equivalents i.e., Wellnex Life's Cash And Equivalents and Inventory go up and down completely randomly.

Correlation Coefficient

-0.21

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Cash And Equivalents

Inventory

Most indicators from Wellnex Life's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wellnex Life 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wellnex Life. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Selling General Administrative is likely to gain to about 8.1 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 5.3 M in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	10.4M	11.9M	5.1M	4.8M
Cost Of Revenue	14.1M	23.1M	12.8M	13.5M

Total Operating Expenses Cost Of Revenue

Wellnex Life fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Inventory	Property Plant And Equipment Net	Short Term Investments	Non Current Liabilities Total	Cash And Equivalents
Total Assets		0.15	0.04	0.27	0.93	0.65	-0.67	-0.31	0.36	0.78	0.68	0.33	0.84	0.3	0.3	-0.04	0.31	0.93	0.05	0.23	0.58	0.28	0.34	0.88	0.28	0.69
Short Long Term Debt Total	0.15		0.56	0.92	-0.17	0.69	0.47	-0.95	0.54	-0.24	0.52	-0.29	-0.26	0.78	0.83	0.29	0.93	0.0	0.93	0.72	0.8	0.73	0.01	-0.29	0.22	-0.39
Other Current Liab	0.04	0.56		0.72	-0.18	0.31	0.38	-0.46	0.06	-0.25	0.52	0.01	-0.28	0.44	0.87	0.03	0.66	-0.1	0.66	0.94	0.25	0.31	-0.24	-0.25	-0.24	-0.28
Total Current Liabilities	0.27	0.92	0.72		-0.03	0.74	0.43	-0.92	0.64	-0.2	0.72	-0.08	-0.21	0.76	0.93	0.3	0.99	0.05	0.9	0.85	0.78	0.67	0.16	-0.19	0.1	-0.34
Total Stockholder Equity	0.93	-0.17	-0.18	-0.03		0.41	-0.83	0.01	0.21	0.87	0.51	0.44	0.92	-0.02	0.01	-0.17	0.0	0.92	-0.24	-0.04	0.3	-0.04	0.43	0.95	0.19	0.82
Current Deferred Revenue	0.65	0.69	0.31	0.74	0.41		-0.05	-0.83	0.67	0.27	0.7	-0.03	0.3	0.69	0.6	0.12	0.78	0.5	0.55	0.44	0.9	0.57	0.34	0.34	0.4	0.17
Net Debt	-0.67	0.47	0.38	0.43	-0.83	-0.05		-0.35	0.24	-0.97	0.03	-0.24	-0.96	0.35	0.33	0.17	0.41	-0.84	0.48	0.34	0.04	0.25	-0.04	-0.84	0.0	-0.98
Retained Earnings	-0.31	-0.95	-0.46	-0.92	0.01	-0.83	-0.35		-0.7	0.12	-0.59	0.25	0.12	-0.86	-0.79	-0.4	-0.95	-0.14	-0.85	-0.64	-0.92	-0.81	-0.12	0.13	-0.32	0.26
Accounts Payable	0.36	0.54	0.06	0.64	0.21	0.67	0.24	-0.7		-0.11	0.64	-0.06	-0.07	0.62	0.39	0.27	0.7	0.11	0.36	0.24	0.75	0.6	0.7	0.04	0.51	-0.24
Cash	0.78	-0.24	-0.25	-0.2	0.87	0.27	-0.97	0.12	-0.11		0.13	0.18	0.99	-0.15	-0.13	-0.12	-0.19	0.93	-0.27	-0.17	0.19	-0.08	0.05	0.85	0.08	0.98
Non Current Assets Total	0.68	0.52	0.52	0.72	0.51	0.7	0.03	-0.59	0.64	0.13		0.37	0.21	0.53	0.71	-0.06	0.74	0.4	0.45	0.67	0.64	0.39	0.53	0.38	0.21	0.01
Non Currrent Assets Other	0.33	-0.29	0.01	-0.08	0.44	-0.03	-0.24	0.25	-0.06	0.18	0.37		0.28	-0.37	-0.02	0.05	-0.17	0.22	-0.09	0.05	-0.13	-0.5	0.37	0.49	-0.56	0.19
Cash And Short Term Investments	0.84	-0.26	-0.28	-0.21	0.92	0.3	-0.96	0.12	-0.07	0.99	0.21	0.28		-0.14	-0.13	-0.14	-0.18	0.95	-0.3	-0.18	0.2	-0.09	0.13	0.92	0.11	0.96
Net Receivables	0.3	0.78	0.44	0.76	-0.02	0.69	0.35	-0.86	0.62	-0.15	0.53	-0.37	-0.14		0.72	0.36	0.82	0.16	0.58	0.58	0.77	0.92	-0.05	-0.07	0.56	-0.28
Common Stock Shares Outstanding	0.3	0.83	0.87	0.93	0.01	0.6	0.33	-0.79	0.39	-0.13	0.71	-0.02	-0.13	0.72		0.25	0.9	0.13	0.85	0.98	0.64	0.62	-0.08	-0.12	-0.01	-0.24
Other Current Assets	-0.04	0.29	0.03	0.3	-0.17	0.12	0.17	-0.4	0.27	-0.12	-0.06	0.05	-0.14	0.36	0.25		0.25	0.0	0.4	0.17	0.34	0.42	-0.22	-0.18	-0.26	-0.19
Total Liab	0.31	0.93	0.66	0.99	0.0	0.78	0.41	-0.95	0.7	-0.19	0.74	-0.17	-0.18	0.82	0.9	0.25		0.09	0.85	0.8	0.83	0.74	0.2	-0.15	0.26	-0.32
Total Current Assets	0.93	0.0	-0.1	0.05	0.92	0.5	-0.84	-0.14	0.11	0.93	0.4	0.22	0.95	0.16	0.13	0.0	0.09		-0.08	0.05	0.42	0.16	0.11	0.9	0.22	0.86
Short Term Debt	0.05	0.93	0.66	0.9	-0.24	0.55	0.48	-0.85	0.36	-0.27	0.45	-0.09	-0.3	0.58	0.85	0.4	0.85	-0.08		0.78	0.65	0.53	-0.09	-0.36	-0.15	-0.4
Intangible Assets	0.23	0.72	0.94	0.85	-0.04	0.44	0.34	-0.64	0.24	-0.17	0.67	0.05	-0.18	0.58	0.98	0.17	0.8	0.05	0.78		0.46	0.48	-0.14	-0.15	-0.15	-0.26
Common Stock	0.58	0.8	0.25	0.78	0.3	0.9	0.04	-0.92	0.75	0.19	0.64	-0.13	0.2	0.77	0.64	0.34	0.83	0.42	0.65	0.46		0.78	0.28	0.19	0.41	0.03
Inventory	0.28	0.73	0.31	0.67	-0.04	0.57	0.25	-0.81	0.6	-0.08	0.39	-0.5	-0.09	0.92	0.62	0.42	0.74	0.16	0.53	0.48	0.78		-0.09	-0.12	0.57	-0.21
Property Plant And Equipment Net	0.34	0.01	-0.24	0.16	0.43	0.34	-0.04	-0.12	0.7	0.05	0.53	0.37	0.13	-0.05	-0.08	-0.22	0.2	0.11	-0.09	-0.14	0.28	-0.09		0.28	0.26	0.0
Short Term Investments	0.88	-0.29	-0.25	-0.19	0.95	0.34	-0.84	0.13	0.04	0.85	0.38	0.49	0.92	-0.07	-0.12	-0.18	-0.15	0.9	-0.36	-0.15	0.19	-0.12	0.28		0.16	0.84
Non Current Liabilities Total	0.28	0.22	-0.24	0.1	0.19	0.4	0.0	-0.32	0.51	0.08	0.21	-0.56	0.11	0.56	-0.01	-0.26	0.26	0.22	-0.15	-0.15	0.41	0.57	0.26	0.16		0.01
Cash And Equivalents	0.69	-0.39	-0.28	-0.34	0.82	0.17	-0.98	0.26	-0.24	0.98	0.01	0.19	0.96	-0.28	-0.24	-0.19	-0.32	0.86	-0.4	-0.26	0.03	-0.21	0.0	0.84	0.01

Click cells to compare fundamentals

Wellnex Life Account Relationship Matchups

Wellnex Life fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	19.2M	10.4M	19.6M	15.0M	30.9M	24.9M
Short Long Term Debt Total	5.8M	9.3M	7.9M	7.0M	10.7M	11.2M
Other Current Liab	739K	537K	799K	1.0M	8.2M	8.6M
Total Current Liabilities	14.9M	10.5M	9.8M	14.3M	24.8M	26.0M
Total Stockholder Equity	18.6M	(249K)	4.4M	594K	6.1M	11.8M
Net Debt	4.7M	1.5M	4.7M	6.6M	9.8M	10.3M
Retained Earnings	(78.8M)	(94.5M)	(101.7M)	(115.6M)	(126.6M)	(120.3M)
Accounts Payable	9.9M	805K	5.7M	6.4M	4.3M	3.7M
Cash	1.1M	7.8M	3.2M	322K	903K	857.9K
Non Current Assets Total	16.0M	604K	5.8M	3.7M	21.0M	22.1M
Non Currrent Assets Other	107K	(604K)	(5.8M)	120K	108K	113.4K
Cash And Short Term Investments	1.1M	7.8M	3.2M	322K	903K	857.9K
Net Receivables	831K	886K	6.2M	4.6M	4.4M	4.6M
Common Stock Shares Outstanding	4.1M	4.8M	6.0M	8.1M	23.9M	25.1M
Liabilities And Stockholders Equity	19.2M	10.4M	19.6M	15.0M	30.9M	24.9M
Other Current Assets	342K	493K	168K	3.4M	980K	862.1K
Total Liab	16.4M	10.7M	15.3M	14.4M	24.9M	26.1M
Total Current Assets	3.3M	9.8M	13.8M	11.4M	9.9M	16.3M
Short Term Debt	4.3M	9.2M	2.5M	6.9M	10.7M	11.2M
Intangible Assets	487K	8K	455K	2.5M	20.8M	21.9M
Inventory	951K	664K	4.3M	3.0M	3.6M	1.8M
Property Plant And Equipment Net	20.7M	125K	311K	201K	74K	70.3K
Long Term Debt Total	1.5M	103K	5.4M	52K	59.8K	56.8K
Non Current Liabilities Total	1.5M	124K	5.4M	150K	86K	81.7K
Cash And Equivalents	1.1M	7.8M	3.2M	322K	289.8K	275.3K
Other Liab	7K	21K	59K	98K	112.7K	118.3K
Net Tangible Assets	21.7M	(728K)	(1.1M)	(2.3M)	(2.1M)	(2.0M)
Other Assets	4.7M	107K	0.0	523K	470.7K	855.2K
Other Stockholder Equity	(6.5M)	2.5M	3.5M	3.7M	1.0	0.95
Net Invested Capital	27.2M	8.9M	11.9M	7.4M	6.6M	6.3M
Short Long Term Debt	4.1M	9.2M	2.4M	6.8M	7.8M	4.3M
Net Working Capital	(11.7M)	(729K)	4.0M	(2.9M)	(2.6M)	(2.5M)
Property Plant Equipment	14.2M	125K	311K	201K	180.9K	171.9K

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 Wellnex Stock Analysis

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC