Ion Good Will vs Total Current Assets Analysis

0GZK Stock

13.96 0.02 0.14%

Ion Beam financial indicator trend analysis is infinitely more than just investigating Ion Beam Applications recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ion Beam Applications is a good investment. Please check the relationship between Ion Beam Good Will and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ion Beam Applications. 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.

Good Will vs Total Current Assets

Good Will vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ion Beam Applications Good Will account and Total Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Ion Beam's Good Will and Total Current Assets is -0.49. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Ion Beam Applications, assuming nothing else is changed. The correlation between historical values of Ion Beam's Good Will and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Ion Beam Applications are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Good Will i.e., Ion Beam's Good Will and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.49

Relationship Direction	Negative
Relationship Strength	Very Weak

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Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from Ion Beam's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ion Beam Applications 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Ion Beam Applications. 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.

Tax Provision is likely to drop to about 3.8 M in 2024. Selling General Administrative is likely to drop to about 51.2 M in 2024

	2017	2018	2023	2024 (projected)
Interest Income	2.6M	1.6M	1.9M	2.0M
Tax Provision	18.2M	3.5M	4.0M	3.8M

Interest Income Tax Provision

Ion Beam fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Short Term Investments	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Treasury Stock	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Debt
Total Assets		0.76	0.76	-0.4	-0.31	-0.34	0.92	-0.23	0.6	-0.53	-0.29	0.79	-0.73	0.64	-0.56	0.77	0.99	0.77	-0.89	0.78	0.57	0.66
Short Long Term Debt Total	0.76		0.94	-0.73	-0.71	-0.72	0.86	-0.62	0.86	-0.19	-0.68	0.58	-0.4	0.88	-0.47	0.96	0.85	0.41	-0.88	0.48	0.91	0.96
Total Current Liabilities	0.76	0.94		-0.88	-0.85	-0.86	0.73	-0.79	0.94	-0.42	-0.83	0.79	-0.55	0.94	-0.2	1.0	0.83	0.62	-0.8	0.69	0.96	0.97
Total Stockholder Equity	-0.4	-0.73	-0.88		0.99	0.99	-0.34	0.98	-0.95	0.44	0.99	-0.68	0.45	-0.92	-0.15	-0.85	-0.5	-0.46	0.53	-0.57	-0.93	-0.88
Retained Earnings	-0.31	-0.71	-0.85	0.99		1.0	-0.28	0.99	-0.91	0.31	1.0	-0.59	0.31	-0.88	-0.2	-0.82	-0.42	-0.36	0.46	-0.46	-0.93	-0.87
Other Assets	-0.34	-0.72	-0.86	0.99	1.0		-0.3	0.99	-0.92	0.34	1.0	-0.61	0.35	-0.89	-0.18	-0.83	-0.44	-0.38	0.48	-0.49	-0.94	-0.88
Long Term Debt	0.92	0.86	0.73	-0.34	-0.28	-0.3		-0.17	0.58	-0.23	-0.25	0.53	-0.5	0.63	-0.76	0.77	0.94	0.48	-0.93	0.49	0.59	0.71
Cash And Short Term Investments	-0.23	-0.62	-0.79	0.98	0.99	0.99	-0.17		-0.87	0.33	0.99	-0.58	0.3	-0.83	-0.32	-0.76	-0.33	-0.36	0.36	-0.46	-0.88	-0.8
Net Receivables	0.6	0.86	0.94	-0.95	-0.91	-0.92	0.58	-0.87		-0.49	-0.91	0.7	-0.59	1.0	-0.17	0.93	0.68	0.49	-0.77	0.59	0.95	0.95
Good Will	-0.53	-0.19	-0.42	0.44	0.31	0.34	-0.23	0.33	-0.49		0.35	-0.79	0.95	-0.51	0.0	-0.37	-0.49	-0.8	0.46	-0.83	-0.25	-0.27
Short Term Investments	-0.29	-0.68	-0.83	0.99	1.0	1.0	-0.25	0.99	-0.91	0.35		-0.59	0.34	-0.88	-0.21	-0.8	-0.39	-0.35	0.45	-0.46	-0.91	-0.85
Capital Surpluse	0.79	0.58	0.79	-0.68	-0.59	-0.61	0.53	-0.58	0.7	-0.79	-0.59		-0.81	0.71	0.03	0.75	0.78	0.96	-0.62	0.99	0.64	0.63
Inventory	-0.73	-0.4	-0.55	0.45	0.31	0.35	-0.5	0.3	-0.59	0.95	0.34	-0.81		-0.62	0.28	-0.52	-0.69	-0.8	0.69	-0.84	-0.36	-0.43
Other Current Assets	0.64	0.88	0.94	-0.92	-0.88	-0.89	0.63	-0.83	1.0	-0.51	-0.88	0.71	-0.62		-0.24	0.94	0.72	0.5	-0.81	0.6	0.93	0.95
Other Stockholder Equity	-0.56	-0.47	-0.2	-0.15	-0.2	-0.18	-0.76	-0.32	-0.17	0.0	-0.21	0.03	0.28	-0.24		-0.27	-0.55	0.04	0.71	0.03	-0.1	-0.27
Total Liab	0.77	0.96	1.0	-0.85	-0.82	-0.83	0.77	-0.76	0.93	-0.37	-0.8	0.75	-0.52	0.94	-0.27		0.85	0.58	-0.83	0.65	0.96	0.98
Total Current Assets	0.99	0.85	0.83	-0.5	-0.42	-0.44	0.94	-0.33	0.68	-0.49	-0.39	0.78	-0.69	0.72	-0.55	0.85		0.73	-0.92	0.75	0.67	0.75
Treasury Stock	0.77	0.41	0.62	-0.46	-0.36	-0.38	0.48	-0.36	0.49	-0.8	-0.35	0.96	-0.8	0.5	0.04	0.58	0.73		-0.51	0.99	0.42	0.42
Intangible Assets	-0.89	-0.88	-0.8	0.53	0.46	0.48	-0.93	0.36	-0.77	0.46	0.45	-0.62	0.69	-0.81	0.71	-0.83	-0.92	-0.51		-0.56	-0.69	-0.8
Common Stock	0.78	0.48	0.69	-0.57	-0.46	-0.49	0.49	-0.46	0.59	-0.83	-0.46	0.99	-0.84	0.6	0.03	0.65	0.75	0.99	-0.56		0.51	0.51
Property Plant Equipment	0.57	0.91	0.96	-0.93	-0.93	-0.94	0.59	-0.88	0.95	-0.25	-0.91	0.64	-0.36	0.93	-0.1	0.96	0.67	0.42	-0.69	0.51		0.98
Short Term Debt	0.66	0.96	0.97	-0.88	-0.87	-0.88	0.71	-0.8	0.95	-0.27	-0.85	0.63	-0.43	0.95	-0.27	0.98	0.75	0.42	-0.8	0.51	0.98

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Ion Good Will vs Total Current Assets Analysis

Good Will vs Total Current Assets

Good Will vs Total Current Assets Correlation Analysis

Correlation Coefficient

Good Will

Total Current Assets

Ion Beam fundamental ratios Correlations

Ion Beam Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Total Liab	+ 1.0	Total Current Liabilities
Other Assets	+ 1.0	Retained Earnings
Short Term Investments	+ 1.0	Retained Earnings
Short Term Investments	+ 1.0	Other Assets
Other Current Assets	+ 1.0	Net Receivables
Total Current Assets	+ 0.99	Total Assets

Net Receivables	- 0.95	Total Stockholder Equity
Property Plant Equipment	- 0.94	Other Assets
Intangible Assets	- 0.93	Long Term Debt
Property Plant Equipment	- 0.93	Retained Earnings
Property Plant Equipment	- 0.93	Total Stockholder Equity
Intangible Assets	- 0.92	Total Current Assets