Electro Short Term Investments vs Total Assets Analysis
ELSE Stock | USD 4.22 0.02 0.48% |
Electro Sensors financial indicator trend analysis is much more than just examining Electro Sensors latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Electro Sensors is a good investment. Please check the relationship between Electro Sensors Short Term Investments and its Total Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electro Sensors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. For information on how to trade Electro Stock refer to our How to Trade Electro Stock guide.
Short Term Investments vs Total Assets
Short Term Investments vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Electro Sensors Short Term Investments account and Total Assets. At this time, the significance of the direction appears to have no relationship.
The correlation between Electro Sensors' Short Term Investments and Total Assets is 0.08. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Assets in the same time period over historical financial statements of Electro Sensors, assuming nothing else is changed. The correlation between historical values of Electro Sensors' Short Term Investments and Total 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 Short Term Investments of Electro Sensors are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Short Term Investments i.e., Electro Sensors' Short Term Investments and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.08 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Short Term Investments
Short Term Investments is an item under the current assets section of Electro Sensors balance sheet. It contains any investments Electro Sensors undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Electro Sensors can easily liquidate in the marketplace.Total Assets
Total assets refers to the total amount of Electro Sensors assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Electro Sensors books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Electro Sensors' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Electro Sensors 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 Electro Sensors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. For information on how to trade Electro Stock refer to our How to Trade Electro Stock guide.At present, Electro Sensors' Enterprise Value is projected to decrease significantly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.7M | 4.8M | 4.2M | 3.8M | Total Revenue | 8.6M | 9.0M | 8.6M | 6.7M |
Electro Sensors fundamental ratios Correlations
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Electro Sensors Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Electro Sensors fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 13.5M | 13.3M | 13.9M | 14.0M | 14.4M | 13.1M | |
Short Long Term Debt Total | 24K | 18K | 12K | 6K | 5.4K | 5.1K | |
Other Current Liab | 431K | 330K | 342K | 322K | 323K | 306.9K | |
Total Current Liabilities | 565K | 533K | 697K | 630K | 690K | 1.3M | |
Total Stockholder Equity | 12.9M | 12.8M | 13.2M | 13.4M | 13.8M | 11.3M | |
Property Plant And Equipment Net | 1.1M | 989K | 1.0M | 975K | 951K | 1.2M | |
Net Debt | (8.8M) | (1.1M) | (6.7M) | (7.6M) | (9.9M) | (9.4M) | |
Retained Earnings | 10.5M | 10.4M | 10.8M | 10.9M | 11.2M | 8.0M | |
Cash | 8.8M | 1.1M | 6.7M | 7.6M | 9.9M | 10.4M | |
Non Current Assets Total | 1.8M | 1.5M | 1.3M | 1.2M | 1.3M | 2.1M | |
Non Currrent Assets Other | 192K | (1.6M) | (1.2M) | (1.1M) | (949.5K) | (902.0K) | |
Cash And Short Term Investments | 8.8M | 9.1M | 9.8M | 9.7M | 9.9M | 8.2M | |
Net Receivables | 1.0M | 983K | 1.0M | 1.2M | 1.3M | 815.1K | |
Liabilities And Stockholders Equity | 13.5M | 13.3M | 13.9M | 14.0M | 14.4M | 13.1M | |
Non Current Liabilities Total | 19K | 12K | 6K | 280K | 27K | 25.7K | |
Inventory | 1.7M | 1.6M | 1.7M | 1.7M | 1.8M | 1.2M | |
Other Stockholder Equity | 2.0M | 2.0M | 2.0M | 2.2M | 2.2M | 1.7M | |
Total Liab | 584K | 545K | 703K | 630K | 690K | 1.3M | |
Total Current Assets | 11.7M | 11.9M | 12.6M | 12.8M | 13.1M | 11.0M | |
Accounts Payable | 129K | 197K | 349K | 274K | 291K | 156.2K | |
Property Plant And Equipment Gross | 1.1M | 1.1M | 989K | 2.6M | 2.7M | 2.8M | |
Accumulated Other Comprehensive Income | 12K | 32K | (1.6M) | 1K | 900.0 | 855.0 | |
Short Term Investments | 45K | 8.0M | 3.1M | 2.0M | 56K | 53.2K | |
Property Plant Equipment | 1.1M | 989K | 1.0M | 975K | 877.5K | 990.5K | |
Other Assets | 203K | 246K | 208K | 256K | 294.4K | 309.1K | |
Net Tangible Assets | 12.4M | 12.5M | 13.2M | 13.4M | 15.4M | 12.9M | |
Retained Earnings Total Equity | 10.4M | 10.3M | 10.5M | 10.4M | 12.0M | 10.1M | |
Capital Surpluse | 2.0M | 2.0M | 2.0M | 2.0M | 2.3M | 2.0M | |
Intangible Assets | 565K | 489K | 228K | 38K | 43.7K | 41.5K |
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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 Electro Sensors is a strong investment it is important to analyze Electro Sensors' 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 Electro Sensors' future performance. For an informed investment choice regarding Electro Stock, refer to the following important reports:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electro Sensors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. For information on how to trade Electro Stock refer to our How to Trade Electro Stock guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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 Electro Sensors. If investors know Electro 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 Electro Sensors 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 (0.26) | Earnings Share 0.13 | Revenue Per Share 2.577 | Quarterly Revenue Growth 0.037 | Return On Assets (0) |
The market value of Electro Sensors is measured differently than its book value, which is the value of Electro that is recorded on the company's balance sheet. Investors also form their own opinion of Electro Sensors' value that differs from its market value or its book value, called intrinsic value, which is Electro Sensors' 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 Electro Sensors' market value can be influenced by many factors that don't directly affect Electro Sensors' 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 Electro Sensors' value and its price as these two are different measures arrived at by different means. Investors typically determine if Electro Sensors is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electro Sensors' 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.