Based on the key measurements obtained from Novonix's financial statements, Novonix Ltd ADR is not in a good financial situation at this time. It has a very high probability of going through financial hardship in December. At this time, Novonix's Short and Long Term Debt Total is fairly stable compared to the past year. Non Currrent Assets Other is likely to rise to about 1.3 M in 2024, whereas Total Assets are likely to drop slightly above 140.5 M in 2024. Key indicators impacting Novonix's financial strength include:
The essential information of the day-to-day investment outlook for Novonix includes many different criteria found on its balance sheet. An individual investor should monitor Novonix's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Novonix.
Net Income
(43.94 Million)
Novonix
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Understanding current and past Novonix Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Novonix's financial statements are interrelated, with each one affecting the others. For example, an increase in Novonix's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Novonix's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Novonix Ltd ADR. Check Novonix's Beneish M Score to see the likelihood of Novonix's management manipulating its earnings.
Novonix Stock Summary
Novonix competes with Exro Technologies, Ilika Plc, NeoVolta Common, Hayward Holdings, and Espey Mfg. Novonix Limited develops and supplies battery materials, equipment, and services to the lithium-ion battery market in North America. Novonix Limited was incorporated in 2012 and is based in Brisbane, Australia. Novonix is traded on NASDAQ Exchange in the United States.
An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket.
Cash flow analysis captures how much money flows into and out of Novonix Ltd ADR. It measures of how well Novonix is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Novonix brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Novonix had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Novonix has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
Comparative valuation techniques use various fundamental indicators to help in determining Novonix's current stock value. Our valuation model uses many indicators to compare Novonix value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Novonix competition to find correlations between indicators driving Novonix's intrinsic value. More Info.
Novonix Ltd ADR is considered to be number one stock in return on equity category among its peers. It is regarded second in return on asset category among its peers . At this time, Novonix's Return On Equity is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Novonix's earnings, one of the primary drivers of an investment's value.
Novonix Ltd ADR Systematic Risk
Novonix's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Novonix volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Novonix Ltd ADR correlated with the market. If Beta is less than 0 Novonix generally moves in the opposite direction as compared to the market. If Novonix Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Novonix Ltd ADR is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Novonix is generally in the same direction as the market. If Beta > 1 Novonix moves generally in the same direction as, but more than the movement of the benchmark.
Novonix Thematic Clasifications
Novonix Ltd ADR is part of Electrical Equipment investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Electrical Equipment industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
This theme covers USA Equities from Electrical Equipment industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in Novonix Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Novonix's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Novonix growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of Novonix help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Novonix Ltd ADR. We use our internally-developed statistical techniques to arrive at the intrinsic value of Novonix Ltd ADR based on widely used predictive technical indicators. In general, we focus on analyzing Novonix Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Novonix's daily price indicators and compare them against related drivers.
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.