Ennis Total Current Assets vs Total Revenue Analysis
EBF Stock | USD 21.15 0.19 0.91% |
Ennis financial indicator trend analysis is much more than just examining Ennis Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ennis Inc is a good investment. Please check the relationship between Ennis Total Current Assets and its Total Revenue accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ennis Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Total Current Assets vs Total Revenue
Total Current Assets vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ennis Inc Total Current Assets account and Total Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Ennis' Total Current Assets and Total Revenue is 0.94. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Ennis Inc, assuming nothing else is changed. The correlation between historical values of Ennis' Total Current Assets and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Ennis Inc are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Total Current Assets i.e., Ennis' Total Current Assets and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.94 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
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.Total Revenue
Total revenue comprises all receipts Ennis Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Most indicators from Ennis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ennis Inc 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ennis Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. At this time, Ennis' Enterprise Value Over EBITDA is most likely to increase slightly in the upcoming years. The Ennis' current Enterprise Value Multiple is estimated to increase to 6.66, while Sales General And Administrative To Revenue is projected to decrease to 0.13.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 114.7M | 131.1M | 125.3M | 103.8M | Total Revenue | 400.0M | 431.8M | 420.1M | 357.7M |
Ennis fundamental ratios Correlations
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Ennis Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Currently Active Assets on Macroaxis
When determining whether Ennis Inc is a strong investment it is important to analyze Ennis' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ennis' future performance. For an informed investment choice regarding Ennis Stock, refer to the following important reports:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ennis Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Is Commercial Services & Supplies 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 Ennis. If investors know Ennis 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 Ennis 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 (0.06) | Dividend Share 1 | Earnings Share 1.57 | Revenue Per Share 15.593 | Quarterly Revenue Growth (0.07) |
The market value of Ennis Inc is measured differently than its book value, which is the value of Ennis that is recorded on the company's balance sheet. Investors also form their own opinion of Ennis' value that differs from its market value or its book value, called intrinsic value, which is Ennis' 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 Ennis' market value can be influenced by many factors that don't directly affect Ennis' 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 Ennis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ennis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ennis' 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.