Coda Free Cash Flow vs Capital Expenditures Analysis
| CODA Stock | USD 9.02 0.36 3.84% |
Coda Octopus financial indicator trend analysis is way more than just evaluating Coda Octopus Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Coda Octopus Group is a good investment. Please check the relationship between Coda Octopus Free Cash Flow and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Coda Octopus Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
Free Cash Flow vs Capital Expenditures
Free Cash Flow vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Coda Octopus Group Free Cash Flow account and Capital Expenditures. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Coda Octopus' Free Cash Flow and Capital Expenditures is -0.04. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Coda Octopus Group, assuming nothing else is changed. The correlation between historical values of Coda Octopus' Free Cash Flow and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Coda Octopus Group are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Free Cash Flow i.e., Coda Octopus' Free Cash Flow and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | -0.04 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Capital Expenditures
Capital Expenditures are funds used by Coda Octopus Group to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Coda Octopus operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Most indicators from Coda Octopus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Coda Octopus Group 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 Coda Octopus Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. At present, Coda Octopus' Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 11.33, whereas Selling General Administrative is forecasted to decline to about 5.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 15.2M | 13.0M | 15.0M | 11.1M | Total Revenue | 22.2M | 19.4M | 22.3M | 18.4M |
Coda Octopus fundamental ratios Correlations
Click cells to compare fundamentals
Coda Octopus Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Coda Octopus fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 38.0M | 45.5M | 46.9M | 51.8M | 59.6M | 62.6M | |
| Short Long Term Debt Total | 2.0M | 1.1M | 573.1K | 63.6K | 57.2K | 54.3K | |
| Other Current Liab | 584.2K | 740.4K | 1.6M | 470.1K | 423.1K | 401.9K | |
| Total Current Liabilities | 3.4M | 4.3M | 3.5M | 3.3M | 3.0M | 2.8M | |
| Total Stockholder Equity | 34.4M | 41.0M | 43.4M | 48.4M | 55.7M | 58.5M | |
| Property Plant And Equipment Net | 6.1M | 6.0M | 5.8M | 6.9M | 7.9M | 8.3M | |
| Current Deferred Revenue | 1.0M | 2.0M | 943.6K | 975.5K | 878.0K | 939.2K | |
| Net Debt | (14.6M) | (17.7M) | (22.9M) | (24.4M) | (22.0M) | (20.9M) | |
| Retained Earnings | (23.4M) | (18.5M) | (14.2M) | (11.1M) | (12.7M) | (13.3M) | |
| Accounts Payable | 1.3M | 1.5M | 793.2K | 1.3M | 1.2M | 1.3M | |
| Cash | 15.1M | 17.7M | 22.9M | 24.4M | 28.1M | 29.5M | |
| Non Current Assets Total | 10.4M | 9.9M | 9.9M | 11.0M | 12.6M | 7.2M | |
| Cash And Short Term Investments | 15.1M | 17.7M | 22.9M | 24.4M | 28.1M | 29.5M | |
| Net Receivables | 3.0M | 5.3M | 3.8M | 4.3M | 5.0M | 4.4M | |
| Common Stock Total Equity | 10.7K | 10.8K | 10.9K | 10.9K | 9.8K | 9.3K | |
| Common Stock Shares Outstanding | 11.3M | 11.3M | 11.3M | 11.3M | 13.0M | 7.4M | |
| Liabilities And Stockholders Equity | 38.0M | 45.5M | 46.9M | 51.8M | 59.6M | 62.6M | |
| Non Current Liabilities Total | 258.4K | 157.9K | 76.1K | 133.4K | 120.0K | 114.0K | |
| Inventory | 9.1M | 10.7M | 10.0M | 11.7M | 13.4M | 14.1M | |
| Other Current Assets | 402.2K | 1.8M | 432.3K | 416.8K | 479.3K | 462.6K | |
| Other Stockholder Equity | 60.1M | 61.2M | 62.3M | 62.9M | 72.3M | 52.1M | |
| Total Liab | 3.6M | 4.4M | 3.5M | 3.4M | 3.1M | 2.9M | |
| Property Plant And Equipment Gross | 6.1M | 10.7M | 10.5M | 11.7M | 13.4M | 14.1M | |
| Total Current Assets | 27.7M | 35.6M | 37.0M | 40.9M | 47.0M | 49.4M | |
| Accumulated Other Comprehensive Income | (2.3M) | (1.7M) | (4.7M) | (3.4M) | (3.1M) | (2.9M) | |
| Short Term Debt | 964.7K | 487.1K | 509.8K | 63.6K | 57.2K | 54.3K | |
| Common Stock | 10.8K | 10.9K | 10.9K | 11.1K | 10.0K | 9.5K | |
| Short Term Investments | 113.0K | 64.0K | 18.6K | 23.1K | 20.8K | 19.7K | |
| Intangible Assets | 349.3K | 412.3K | 442.3K | 486.6K | 438.0K | 515.4K | |
| Property Plant Equipment | 6.0M | 6.1M | 6.0M | 5.8M | 6.7M | 7.0M | |
| Non Currrent Assets Other | (9.8M) | (9.8M) | (9.7M) | 211.4K | 190.2K | 199.8K | |
| Other Assets | 631.7K | 561.9K | 76.8K | 259.8K | 233.8K | 397.5K | |
| Net Tangible Assets | 27.0M | 34.4M | 37.3M | 43.4M | 49.9M | 52.4M | |
| Retained Earnings Total Equity | (26.8M) | (23.4M) | (18.5M) | (14.2M) | (16.3M) | (17.1M) | |
| Capital Surpluse | 59.5M | 60.1M | 61.2M | 62.3M | 71.7M | 61.6M |
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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.When determining whether Coda Octopus Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Coda Octopus' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Coda Octopus Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Coda Octopus Group Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Coda Octopus Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Coda Octopus. If investors know Coda will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Coda Octopus listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.222 | Earnings Share 0.26 | Revenue Per Share 1.678 | Quarterly Revenue Growth 0.12 | Return On Assets 0.0344 |
The market value of Coda Octopus Group is measured differently than its book value, which is the value of Coda that is recorded on the company's balance sheet. Investors also form their own opinion of Coda Octopus' value that differs from its market value or its book value, called intrinsic value, which is Coda Octopus' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Coda Octopus' market value can be influenced by many factors that don't directly affect Coda Octopus' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Coda Octopus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Coda Octopus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coda Octopus' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.