Innovage Holding Corp Stock Retained Earnings

INNV Stock

USD 4.75 0.14 2.86%

InnovAge Holding Corp fundamentals help investors to digest information that contributes to InnovAge Holding's financial success or failures. It also enables traders to predict the movement of InnovAge Stock. The fundamental analysis module provides a way to measure InnovAge Holding's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to InnovAge Holding stock.

		Last Reported	Projected for Next Year
	Retained Earnings	-68.3 M	-64.9 M

Retained Earnings is likely to climb to about (64.9 M) in 2024.

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InnovAge Holding Corp Company Retained Earnings Analysis

InnovAge Holding's Retained Earnings is a balance sheet account that refers to the portion of company income that is retained by the firm. In other words, it is a part of earnings that is not paid out as dividends or otherwise distributed to owners. Retained Earnings are calculated by adding net income to last period retained earnings and subtracting any dividends paid to owners.

Retained Earnings

Beginning RE + Income

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Dividends

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Current InnovAge Holding Retained Earnings

(68.31 M)

Most of InnovAge Holding's fundamental indicators, such as Retained Earnings, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, InnovAge Holding Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

InnovAge Retained Earnings Driver Correlations

Understanding the fundamental principles of building solid financial models for InnovAge Holding is extremely important. It helps to project a fair market value of InnovAge Stock properly, considering its historical fundamentals such as Retained Earnings. Since InnovAge Holding's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of InnovAge Holding's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of InnovAge Holding's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Good Will	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Current Deferred Revenue	Net Debt	Net Invested Capital	Long Term Investments	Capital Stock	Net Working Capital
Total Assets		0.94	0.75	0.09	0.92	0.45	0.9	0.99	0.92	0.95	0.98	0.76	0.71	0.88	0.92	-0.12	-0.8	0.86	-0.79	0.51	0.63
Total Stockholder Equity	0.94		0.88	-0.08	0.86	0.22	0.73	0.88	0.73	0.92	0.96	0.76	0.64	0.78	0.9	-0.07	-0.94	0.93	-0.88	0.5	0.67
Net Tangible Assets	0.75	0.88		-0.46	0.82	-0.02	0.49	0.66	0.48	0.77	0.76	0.87	0.48	0.6	0.89	-0.09	-0.83	0.92	-0.98	0.71	0.52
Retained Earnings	0.09	-0.08	-0.46		-0.17	0.41	0.29	0.16	0.28	-0.07	0.15	-0.52	0.1	0.1	-0.22	-0.23	-0.01	-0.13	0.47	-0.62	0.38
Accounts Payable	0.92	0.86	0.82	-0.17		0.4	0.84	0.91	0.85	0.9	0.88	0.9	0.66	0.82	0.99	-0.04	-0.68	0.84	-0.89	0.72	0.44
Long Term Debt	0.45	0.22	-0.02	0.41	0.4		0.63	0.53	0.65	0.4	0.42	0.15	0.55	0.36	0.31	-0.23	-0.09	0.2	-0.05	0.04	0.31
Net Receivables	0.9	0.73	0.49	0.29	0.84	0.63		0.95	0.96	0.86	0.85	0.57	0.68	0.86	0.79	-0.27	-0.54	0.63	-0.57	0.48	0.49
Good Will	0.99	0.88	0.66	0.16	0.91	0.53	0.95		0.96	0.94	0.96	0.71	0.72	0.89	0.89	-0.18	-0.71	0.79	-0.72	0.51	0.6
Total Liab	0.92	0.73	0.48	0.28	0.85	0.65	0.96	0.96		0.85	0.87	0.64	0.69	0.86	0.8	-0.16	-0.52	0.64	-0.56	0.42	0.5
Short Long Term Debt	0.95	0.92	0.77	-0.07	0.9	0.4	0.86	0.94	0.85		0.92	0.78	0.69	0.86	0.91	-0.08	-0.76	0.8	-0.82	0.58	0.5
Total Current Assets	0.98	0.96	0.76	0.15	0.88	0.42	0.85	0.96	0.87	0.92		0.69	0.72	0.85	0.89	-0.16	-0.88	0.9	-0.78	0.41	0.74
Short Term Debt	0.76	0.76	0.87	-0.52	0.9	0.15	0.57	0.71	0.64	0.78	0.69		0.48	0.66	0.93	0.06	-0.56	0.78	-0.93	0.82	0.26
Intangible Assets	0.71	0.64	0.48	0.1	0.66	0.55	0.68	0.72	0.69	0.69	0.72	0.48		0.78	0.65	-0.17	-0.58	0.63	-0.52	0.27	0.54
Common Stock	0.88	0.78	0.6	0.1	0.82	0.36	0.86	0.89	0.86	0.86	0.85	0.66	0.78		0.81	-0.18	-0.62	0.7	-0.65	0.48	0.52
Property Plant Equipment	0.92	0.9	0.89	-0.22	0.99	0.31	0.79	0.89	0.8	0.91	0.89	0.93	0.65	0.81		-0.07	-0.74	0.9	-0.94	0.73	0.49
Current Deferred Revenue	-0.12	-0.07	-0.09	-0.23	-0.04	-0.23	-0.27	-0.18	-0.16	-0.08	-0.16	0.06	-0.17	-0.18	-0.07		0.07	-0.21	0.05	-0.21	-0.53
Net Debt	-0.8	-0.94	-0.83	-0.01	-0.68	-0.09	-0.54	-0.71	-0.52	-0.76	-0.88	-0.56	-0.58	-0.62	-0.74	0.07		-0.91	0.78	-0.27	-0.77
Net Invested Capital	0.86	0.93	0.92	-0.13	0.84	0.2	0.63	0.79	0.64	0.8	0.9	0.78	0.63	0.7	0.9	-0.21	-0.91		-0.9	0.51	0.77
Long Term Investments	-0.79	-0.88	-0.98	0.47	-0.89	-0.05	-0.57	-0.72	-0.56	-0.82	-0.78	-0.93	-0.52	-0.65	-0.94	0.05	0.78	-0.9		-0.78	-0.44
Capital Stock	0.51	0.5	0.71	-0.62	0.72	0.04	0.48	0.51	0.42	0.58	0.41	0.82	0.27	0.48	0.73	-0.21	-0.27	0.51	-0.78		0.01
Net Working Capital	0.63	0.67	0.52	0.38	0.44	0.31	0.49	0.6	0.5	0.5	0.74	0.26	0.54	0.52	0.49	-0.53	-0.77	0.77	-0.44	0.01

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Retained Earnings shows how the firm utilizes its profits over time. In simple terms, investors can think of retained earnings as the amount of profit the company has reinvested in the business since its inceptions. However the methodology to make a decision over how much profit to retain is different between companies in different industries. For example, growing industries tend to retain more of their earnings than more matured industries as they need more assets investment to sustain their growth.

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Retained Earnings Over Time

Based on the latest financial disclosure, InnovAge Holding Corp has a Retained Earnings of (68.31 Million). This is 107.33% lower than that of the Health Care Equipment & Supplies sector and significantly lower than that of the Health Care industry. The retained earnings for all United States stocks is 100.73% higher than that of the company.

InnovAge Retained Earnings Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses InnovAge Holding's direct or indirect competition against its Retained Earnings to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of InnovAge Holding could also be used in its relative valuation, which is a method of valuing InnovAge Holding by comparing valuation metrics of similar companies.

InnovAge Holding is currently under evaluation in retained earnings category among its peers.

InnovAge Holding Current Valuation Drivers

We derive many important indicators used in calculating different scores of InnovAge Holding from analyzing InnovAge Holding's financial statements. These drivers represent accounts that assess InnovAge Holding's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of InnovAge Holding's important valuation drivers and their relationship over time.

		2019	2020	2021	2022	2023	2024 (projected)
Enterprise Value		3.3B	2.8B	494.0M	741.0M	852.2M	809.6M

InnovAge Holding ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, InnovAge Holding's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to InnovAge Holding's managers, analysts, and investors.

Environmental

Governance

Social

InnovAge Fundamentals

	Return On Equity	-0.0603
	Return On Asset	-0.0202
	Profit Margin	(0.02) %
	Operating Margin	(0.02) %
	Current Valuation	686.65 M
	Shares Outstanding	135.46 M
	Shares Owned By Insiders	85.03 %
	Shares Owned By Institutions	11.90 %
	Number Of Shares Shorted	327.93 K
	Price To Earning	33.64 X
	Price To Book	2.54 X
	Price To Sales	0.82 X
	Revenue	763.86 M
	Gross Profit	475.82 M
	EBITDA	1.15 M
	Net Income	(23.22 M)
	Cash And Equivalents	184.43 M
	Cash Per Share	1.36 X
	Total Debt	113.03 M
	Debt To Equity	0.24 %
	Current Ratio	2.29 X
	Book Value Per Share	1.93 X
	Cash Flow From Operations	(36.9 M)
	Short Ratio	13.70 X
	Earnings Per Share	(0.12) X
	Target Price	7.0
	Number Of Employees	2.35 K
	Beta	0.39
	Market Capitalization	643.41 M
	Total Asset	547.66 M
	Retained Earnings	(68.31 M)
	Working Capital	34.54 M
	Current Asset	3.06 M
	Current Liabilities	4.22 M
	Net Asset	547.66 M

About InnovAge Holding Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze InnovAge Holding Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of InnovAge Holding using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of InnovAge Holding Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for InnovAge Stock Analysis

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

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