Elutia Income Quality vs Inventory Turnover Analysis

ELUT Stock

4.14 0.05 1.19%

Elutia financial indicator trend analysis is much more than just examining Elutia Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elutia Inc is a good investment. Please check the relationship between Elutia Income Quality and its Inventory Turnover accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elutia 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 employment.

Income Quality vs Inventory Turnover

Income Quality vs Inventory Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elutia Inc Income Quality account and Inventory Turnover. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Elutia's Income Quality and Inventory Turnover is -0.14. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of Elutia Inc, assuming nothing else is changed. The correlation between historical values of Elutia's Income Quality and Inventory Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Quality of Elutia Inc are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Income Quality i.e., Elutia's Income Quality and Inventory Turnover go up and down completely randomly.

Correlation Coefficient

-0.14

Relationship Direction	Negative
Relationship Strength	Insignificant

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Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Most indicators from Elutia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elutia 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 Elutia 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 employment.

At this time, Elutia's Tax Provision is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 13.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 12.8 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	19.0M	11.6M	11.1M	13.1M
Total Revenue	47.4M	23.8M	24.7M	29.1M

Gross Profit Total Revenue

Elutia fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets	Capital Stock
Total Assets		0.35	0.42	0.96	-0.12	0.8	0.16	-0.85	-0.26	-0.74	0.84	-0.31	0.42	-0.34	-0.28	0.36	0.02	-0.74	0.39	0.6	-0.77	0.98	0.14	0.88	0.9	0.47
Other Current Liab	0.35		0.99	0.47	-0.92	0.71	-0.83	-0.15	-0.89	-0.81	0.52	-0.91	0.63	-0.88	0.29	0.61	0.89	-0.79	-0.68	0.82	-0.58	0.46	-0.78	0.01	0.62	0.92
Total Current Liabilities	0.42	0.99		0.54	-0.92	0.79	-0.79	-0.27	-0.93	-0.87	0.63	-0.95	0.54	-0.88	0.24	0.55	0.9	-0.85	-0.6	0.8	-0.67	0.53	-0.79	0.06	0.71	0.96
Total Stockholder Equity	0.96	0.47	0.54		-0.24	0.91	0.08	-0.9	-0.43	-0.86	0.92	-0.5	0.36	-0.54	-0.42	0.28	0.18	-0.86	0.32	0.59	-0.88	1.0	0.0	0.86	0.94	0.64
Other Liab	-0.12	-0.92	-0.92	-0.24		-0.57	0.91	-0.02	0.94	0.69	-0.4	0.9	-0.47	0.83	-0.43	-0.56	-0.91	0.67	0.79	-0.72	0.5	-0.22	0.95	0.28	-0.5	-0.83
Net Tangible Assets	0.8	0.71	0.79	0.91	-0.57		-0.24	-0.8	-0.75	-0.98	0.97	-0.8	0.31	-0.77	-0.29	0.29	0.53	-0.99	0.01	0.64	-0.96	0.89	-0.39	0.6	0.96	0.88
Property Plant And Equipment Net	0.16	-0.83	-0.79	0.08	0.91	-0.24		-0.37	0.74	0.39	-0.05	0.71	-0.5	0.61	-0.67	-0.55	-0.89	0.36	0.96	-0.6	0.12	0.08	0.9	0.54	-0.16	-0.63
Net Debt	-0.85	-0.15	-0.27	-0.9	-0.02	-0.8	-0.37		0.25	0.67	-0.9	0.33	0.08	0.31	0.65	0.13	0.01	0.7	-0.6	-0.2	0.81	-0.88	-0.16	-0.87	-0.8	-0.45
Retained Earnings	-0.26	-0.89	-0.93	-0.43	0.94	-0.75	0.74	0.25		0.83	-0.62	0.98	-0.29	0.92	-0.11	-0.37	-0.89	0.83	0.57	-0.63	0.71	-0.39	0.89	0.07	-0.65	-0.93
Accounts Payable	-0.74	-0.81	-0.87	-0.86	0.69	-0.98	0.39	0.67	0.83		-0.9	0.85	-0.44	0.87	0.17	-0.44	-0.61	1.0	0.15	-0.75	0.94	-0.84	0.5	-0.49	-0.94	-0.91
Cash	0.84	0.52	0.63	0.92	-0.4	0.97	-0.05	-0.9	-0.62	-0.9		-0.67	0.13	-0.62	-0.39	0.13	0.37	-0.92	0.22	0.5	-0.95	0.9	-0.26	0.67	0.95	0.76
Non Current Assets Total	-0.31	-0.91	-0.95	-0.5	0.9	-0.8	0.71	0.33	0.98	0.85	-0.67		-0.28	0.93	-0.02	-0.3	-0.91	0.86	0.53	-0.6	0.72	-0.46	0.83	-0.02	-0.66	-0.98
Non Currrent Assets Other	0.42	0.63	0.54	0.36	-0.47	0.31	-0.5	0.08	-0.29	-0.44	0.13	-0.28		-0.41	0.48	0.95	0.27	-0.38	-0.45	0.89	-0.21	0.4	-0.2	0.16	0.41	0.35
Other Assets	-0.34	-0.88	-0.88	-0.54	0.83	-0.77	0.61	0.31	0.92	0.87	-0.62	0.93	-0.41		0.1	-0.42	-0.77	0.86	0.47	-0.66	0.76	-0.5	0.71	-0.12	-0.66	-0.91
Long Term Debt	-0.28	0.29	0.24	-0.42	-0.43	-0.29	-0.67	0.65	-0.11	0.17	-0.39	-0.02	0.48	0.1		0.58	0.32	0.22	-0.72	0.39	0.4	-0.37	-0.44	-0.63	-0.2	-0.03
Net Receivables	0.36	0.61	0.55	0.28	-0.56	0.29	-0.55	0.13	-0.37	-0.44	0.13	-0.3	0.95	-0.42	0.58		0.28	-0.38	-0.5	0.91	-0.25	0.32	-0.33	0.03	0.42	0.33
Common Stock Shares Outstanding	0.02	0.89	0.9	0.18	-0.91	0.53	-0.89	0.01	-0.89	-0.61	0.37	-0.91	0.27	-0.77	0.32	0.28		-0.6	-0.77	0.51	-0.39	0.16	-0.91	-0.29	0.37	0.87
Non Current Liabilities Total	-0.74	-0.79	-0.85	-0.86	0.67	-0.99	0.36	0.7	0.83	1.0	-0.92	0.86	-0.38	0.86	0.22	-0.38	-0.6		0.12	-0.71	0.95	-0.84	0.49	-0.5	-0.94	-0.91
Inventory	0.39	-0.68	-0.6	0.32	0.79	0.01	0.96	-0.6	0.57	0.15	0.22	0.53	-0.45	0.47	-0.72	-0.5	-0.77	0.12		-0.45	-0.12	0.32	0.81	0.7	0.1	-0.43
Other Current Assets	0.6	0.82	0.8	0.59	-0.72	0.64	-0.6	-0.2	-0.63	-0.75	0.5	-0.6	0.89	-0.66	0.39	0.91	0.51	-0.71	-0.45		-0.57	0.61	-0.47	0.23	0.72	0.66
Total Liab	-0.77	-0.58	-0.67	-0.88	0.5	-0.96	0.12	0.81	0.71	0.94	-0.95	0.72	-0.21	0.76	0.4	-0.25	-0.39	0.95	-0.12	-0.57		-0.85	0.34	-0.6	-0.94	-0.77
Net Invested Capital	0.98	0.46	0.53	1.0	-0.22	0.89	0.08	-0.88	-0.39	-0.84	0.9	-0.46	0.4	-0.5	-0.37	0.32	0.16	-0.84	0.32	0.61	-0.85		0.03	0.87	0.93	0.61
Property Plant And Equipment Gross	0.14	-0.78	-0.79	0.0	0.95	-0.39	0.9	-0.16	0.89	0.5	-0.26	0.83	-0.2	0.71	-0.44	-0.33	-0.91	0.49	0.81	-0.47	0.34	0.03		0.5	-0.29	-0.72
Short Long Term Debt	0.88	0.01	0.06	0.86	0.28	0.6	0.54	-0.87	0.07	-0.49	0.67	-0.02	0.16	-0.12	-0.63	0.03	-0.29	-0.5	0.7	0.23	-0.6	0.87	0.5		0.66	0.2
Total Current Assets	0.9	0.62	0.71	0.94	-0.5	0.96	-0.16	-0.8	-0.65	-0.94	0.95	-0.66	0.41	-0.66	-0.2	0.42	0.37	-0.94	0.1	0.72	-0.94	0.93	-0.29	0.66		0.75
Capital Stock	0.47	0.92	0.96	0.64	-0.83	0.88	-0.63	-0.45	-0.93	-0.91	0.76	-0.98	0.35	-0.91	-0.03	0.33	0.87	-0.91	-0.43	0.66	-0.77	0.61	-0.72	0.2	0.75

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Elutia Income Quality vs Inventory Turnover Analysis

Income Quality vs Inventory Turnover

Income Quality vs Inventory Turnover Correlation Analysis

Correlation Coefficient

Income Quality

Inventory Turnover

Elutia fundamental ratios Correlations

Elutia Account Relationship Matchups

High Positive Relationship

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Net Invested Capital	+ 1.0	Total Stockholder Equity
Non Current Liabilities Total	+ 1.0	Accounts Payable
Total Current Liabilities	+ 0.99	Other Current Liab
Net Invested Capital	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Retained Earnings
Cash	+ 0.97	Net Tangible Assets

Non Current Liabilities Total	- 0.99	Net Tangible Assets
Capital Stock	- 0.98	Non Current Assets Total
Accounts Payable	- 0.98	Net Tangible Assets
Total Liab	- 0.96	Net Tangible Assets
Total Liab	- 0.95	Cash
Non Current Assets Total	- 0.95	Total Current Liabilities