NanoXplore Net Income vs Cost Of Revenue Analysis

GRA Stock

2.25 0.02 0.88%

NanoXplore financial indicator trend analysis is infinitely more than just investigating NanoXplore recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NanoXplore is a good investment. Please check the relationship between NanoXplore Net Income and its Cost Of Revenue accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in NanoXplore. 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.

Net Income vs Cost Of Revenue

Net Income vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NanoXplore Net Income account and Cost Of Revenue. At this time, the significance of the direction appears to have pay attention.

The correlation between NanoXplore's Net Income and Cost Of Revenue is -0.91. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of NanoXplore, assuming nothing else is changed. The correlation between historical values of NanoXplore's Net Income and Cost Of 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 Net Income of NanoXplore are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Net Income i.e., NanoXplore's Net Income and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

-0.91

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in NanoXplore financial statement analysis. It represents the amount of money remaining after all of NanoXplore operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Cost Of Revenue

Cost of Revenue is found on NanoXplore income statement and represents the costs associated with goods and services NanoXplore provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Most indicators from NanoXplore's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NanoXplore 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in NanoXplore. 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.

As of the 2nd of December 2024, Selling General Administrative is likely to grow to about 22.9 M, while Tax Provision is likely to drop (49.8 K).

	2021	2022	2023	2024 (projected)
Interest Expense	1.2M	1.5M	1.4M	1.5M
Depreciation And Amortization	7.4M	8.9M	10.2M	10.7M

Interest Expense Depreciation And Amortization

NanoXplore fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Current Assets	Non Current Liabilities Total	Total Liab	Total Current Liabilities	Accounts Payable	Short Long Term Debt Total	Other Current Liab	Current Deferred Revenue	Net Receivables	Short Term Debt	Other Current Assets	Common Stock	Inventory	Capital Surpluse	Property Plant Equipment
Total Assets		0.99	0.99	-0.66	-0.95	0.92	0.99	0.87	0.98	0.99	0.88	0.99	0.83	0.95	0.98	0.95	0.91	0.69	0.69	0.98	0.99	0.74	0.97	0.95	0.61	0.99
Total Stockholder Equity	0.99		0.98	-0.74	-0.96	0.9	0.98	0.87	0.96	0.97	0.89	0.98	0.73	0.89	0.96	0.91	0.83	0.69	0.6	0.96	0.97	0.76	0.98	0.95	0.61	0.97
Property Plant And Equipment Net	0.99	0.98		-0.6	-0.95	0.89	1.0	0.87	0.96	0.98	0.87	0.97	0.83	0.95	0.98	0.94	0.91	0.66	0.68	0.97	0.98	0.72	0.97	0.92	0.64	1.0
Net Debt	-0.66	-0.74	-0.6		0.61	-0.73	-0.61	-0.49	-0.73	-0.66	-0.65	-0.7	-0.26	-0.45	-0.57	-0.48	-0.36	-0.62	-0.28	-0.55	-0.6	-0.81	-0.68	-0.67	-0.29	-0.59
Retained Earnings	-0.95	-0.96	-0.95	0.61		-0.76	-0.97	-0.93	-0.88	-0.94	-0.91	-0.9	-0.66	-0.85	-0.95	-0.92	-0.78	-0.48	-0.52	-0.95	-0.96	-0.63	-0.99	-0.91	-0.77	-0.97
Cash	0.92	0.9	0.89	-0.73	-0.76		0.87	0.68	0.97	0.91	0.74	0.96	0.84	0.89	0.87	0.82	0.87	0.86	0.73	0.86	0.87	0.81	0.81	0.88	0.34	0.85
Non Current Assets Total	0.99	0.98	1.0	-0.61	-0.97	0.87		0.9	0.95	0.98	0.89	0.96	0.8	0.94	0.98	0.95	0.89	0.63	0.65	0.97	0.98	0.7	0.98	0.93	0.66	1.0
Non Currrent Assets Other	0.87	0.87	0.87	-0.49	-0.93	0.68	0.9		0.8	0.86	0.9	0.83	0.64	0.82	0.9	0.89	0.75	0.4	0.52	0.91	0.9	0.5	0.91	0.84	0.73	0.89
Cash And Short Term Investments	0.98	0.96	0.96	-0.73	-0.88	0.97	0.95	0.8		0.97	0.85	0.99	0.83	0.94	0.95	0.9	0.9	0.73	0.71	0.93	0.95	0.8	0.92	0.91	0.55	0.94
Common Stock Shares Outstanding	0.99	0.97	0.98	-0.66	-0.94	0.91	0.98	0.86	0.97		0.89	0.98	0.82	0.94	0.98	0.94	0.9	0.66	0.67	0.96	0.98	0.73	0.96	0.92	0.64	0.97
Other Stockholder Equity	0.88	0.89	0.87	-0.65	-0.91	0.74	0.89	0.9	0.85	0.89		0.85	0.61	0.79	0.89	0.85	0.72	0.47	0.54	0.88	0.88	0.64	0.92	0.82	0.71	0.89
Total Current Assets	0.99	0.98	0.97	-0.7	-0.9	0.96	0.96	0.83	0.99	0.98	0.85		0.84	0.95	0.97	0.93	0.91	0.75	0.71	0.96	0.97	0.77	0.93	0.94	0.54	0.95
Non Current Liabilities Total	0.83	0.73	0.83	-0.26	-0.66	0.84	0.8	0.64	0.83	0.82	0.61	0.84		0.95	0.83	0.84	0.98	0.67	0.84	0.82	0.82	0.54	0.68	0.73	0.38	0.8
Total Liab	0.95	0.89	0.95	-0.45	-0.85	0.89	0.94	0.82	0.94	0.94	0.79	0.95	0.95		0.96	0.96	0.99	0.66	0.81	0.95	0.95	0.66	0.87	0.87	0.57	0.94
Total Current Liabilities	0.98	0.96	0.98	-0.57	-0.95	0.87	0.98	0.9	0.95	0.98	0.89	0.97	0.83	0.96		0.99	0.92	0.59	0.73	0.99	0.99	0.7	0.96	0.92	0.69	0.98
Accounts Payable	0.95	0.91	0.94	-0.48	-0.92	0.82	0.95	0.89	0.9	0.94	0.85	0.93	0.84	0.96	0.99		0.91	0.55	0.78	0.98	0.96	0.65	0.92	0.89	0.67	0.95
Short Long Term Debt Total	0.91	0.83	0.91	-0.36	-0.78	0.87	0.89	0.75	0.9	0.9	0.72	0.91	0.98	0.99	0.92	0.91		0.64	0.81	0.9	0.91	0.59	0.8	0.82	0.52	0.89
Other Current Liab	0.69	0.69	0.66	-0.62	-0.48	0.86	0.63	0.4	0.73	0.66	0.47	0.75	0.67	0.66	0.59	0.55	0.64		0.6	0.6	0.6	0.7	0.54	0.71	-0.09	0.59
Current Deferred Revenue	0.69	0.6	0.68	-0.28	-0.52	0.73	0.65	0.52	0.71	0.67	0.54	0.71	0.84	0.81	0.73	0.78	0.81	0.6		0.68	0.63	0.7	0.54	0.63	0.32	0.65
Net Receivables	0.98	0.96	0.97	-0.55	-0.95	0.86	0.97	0.91	0.93	0.96	0.88	0.96	0.82	0.95	0.99	0.98	0.9	0.6	0.68		0.99	0.63	0.95	0.94	0.65	0.97
Short Term Debt	0.99	0.97	0.98	-0.6	-0.96	0.87	0.98	0.9	0.95	0.98	0.88	0.97	0.82	0.95	0.99	0.96	0.91	0.6	0.63	0.99		0.65	0.97	0.93	0.68	0.98
Other Current Assets	0.74	0.76	0.72	-0.81	-0.63	0.81	0.7	0.5	0.8	0.73	0.64	0.77	0.54	0.66	0.7	0.65	0.59	0.7	0.7	0.63	0.65		0.69	0.71	0.37	0.7
Common Stock	0.97	0.98	0.97	-0.68	-0.99	0.81	0.98	0.91	0.92	0.96	0.92	0.93	0.68	0.87	0.96	0.92	0.8	0.54	0.54	0.95	0.97	0.69		0.92	0.73	0.98
Inventory	0.95	0.95	0.92	-0.67	-0.91	0.88	0.93	0.84	0.91	0.92	0.82	0.94	0.73	0.87	0.92	0.89	0.82	0.71	0.63	0.94	0.93	0.71	0.92		0.57	0.91
Capital Surpluse	0.61	0.61	0.64	-0.29	-0.77	0.34	0.66	0.73	0.55	0.64	0.71	0.54	0.38	0.57	0.69	0.67	0.52	-0.09	0.32	0.65	0.68	0.37	0.73	0.57		0.7
Property Plant Equipment	0.99	0.97	1.0	-0.59	-0.97	0.85	1.0	0.89	0.94	0.97	0.89	0.95	0.8	0.94	0.98	0.95	0.89	0.59	0.65	0.97	0.98	0.7	0.98	0.91	0.7

Click cells to compare fundamentals

NanoXplore Account Relationship Matchups

NanoXplore fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	113.6M	145.3M	167.3M	165.2M	159.7M	167.7M
Total Stockholder Equity	61.0M	103.0M	117.5M	116.3M	107.6M	113.0M
Property Plant And Equipment Net	56.7M	60.1M	62.7M	71.6M	71.8M	75.4M
Net Debt	3.2M	(28.0M)	(21.9M)	(11.6M)	(10.5M)	(10.0M)
Retained Earnings	(29.8M)	(41.0M)	(56.0M)	(69.1M)	(80.7M)	(76.7M)
Cash	33.8M	50.5M	51.2M	36.2M	26.5M	27.8M
Non Current Assets Total	61.0M	68.0M	76.3M	89.8M	89.5M	94.0M
Cash And Short Term Investments	33.8M	50.5M	51.2M	36.2M	41.6M	43.7M
Common Stock Shares Outstanding	124.8M	148.1M	160.6M	166.6M	170.6M	179.1M
Liabilities And Stockholders Equity	113.6M	145.3M	167.3M	165.2M	190.0M	199.5M
Total Current Assets	52.7M	77.3M	91.0M	75.4M	70.2M	73.7M
Non Current Liabilities Total	33.3M	17.8M	21.9M	19.2M	18.4M	19.3M
Total Liab	52.7M	42.3M	49.7M	49.0M	52.0M	54.6M
Total Current Liabilities	19.4M	24.5M	27.9M	29.7M	33.7M	35.4M
Accounts Payable	6.1M	8.0M	10.2M	11.2M	12.7M	13.4M
Short Long Term Debt Total	37.0M	22.6M	29.3M	24.6M	28.3M	29.7M
Other Current Liab	5.6M	8.2M	6.8M	8.6M	415.1K	394.4K
Current Deferred Revenue	946.8K	1.7M	536.1K	1.0M	1.2M	628.4K
Net Receivables	11.2M	12.3M	21.1M	20.6M	20.9M	21.9M
Short Term Debt	6.7M	6.5M	10.3M	8.8M	10.2M	10.7M
Other Current Assets	557.3K	3.5M	1.1M	1.3M	1.7M	870.3K
Accumulated Other Comprehensive Income	3.6M	4.0M	4.2M	5.0M	5.8M	6.1M
Common Stock	84.8M	140.1M	169.4M	180.3M	207.4M	217.7M
Inventory	7.1M	11.0M	17.5M	17.3M	17.0M	8.8M
Property Plant Equipment	55.6M	59.8M	62.7M	70.8M	81.4M	85.5M
Other Liab	3.0M	1.7M	2.8M	3.5M	4.0M	2.6M
Net Tangible Assets	56.7M	99.2M	108.4M	99.8M	114.8M	65.1M
Other Assets	1.2M	349.1K	182.8K	2.6M	2.9M	3.1M
Long Term Debt Total	28.4M	30.3M	16.1M	19.0M	21.9M	17.9M
Long Term Debt	30.3M	8.2M	6.3M	3.3M	4.3M	4.1M
Net Invested Capital	98.0M	116.0M	131.6M	125.6M	115.5M	106.9M
Short Long Term Debt	6.7M	4.8M	7.8M	6.0M	3.6M	5.8M
Net Working Capital	33.3M	52.9M	63.1M	45.7M	36.5M	43.1M
Intangible Assets	3.8M	3.4M	7.3M	14.5M	13.3M	7.4M
Capital Stock	84.8M	140.1M	169.4M	180.3M	182.7M	148.6M

Pair Trading with NanoXplore

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NanoXplore position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NanoXplore will appreciate offsetting losses from the drop in the long position's value.

Moving together with NanoXplore Stock

0.61

First Majestic Silver

Pair Corr

The ability to find closely correlated positions to NanoXplore could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NanoXplore when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NanoXplore - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NanoXplore to buy it.

The correlation of NanoXplore is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NanoXplore moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NanoXplore moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for NanoXplore can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in NanoXplore Stock

Balance Sheet is a snapshot of the financial position of NanoXplore at a specified time, usually calculated after every quarter, six months, or one year. NanoXplore Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of NanoXplore and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which NanoXplore currently owns. An asset can also be divided into two categories, current and non-current.

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NanoXplore Net Income vs Cost Of Revenue Analysis

Net Income vs Cost Of Revenue

Net Income vs Cost Of Revenue Correlation Analysis

Correlation Coefficient

Net Income

Cost Of Revenue

NanoXplore fundamental ratios Correlations

NanoXplore Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NanoXplore fundamental ratios Accounts

Pair Trading with NanoXplore

Moving together with NanoXplore Stock

Other Information on Investing in NanoXplore Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant Equipment	+ 1.0	Property Plant And Equipment Net
Property Plant Equipment	+ 1.0	Non Current Assets Total
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets

Common Stock	- 0.99	Retained Earnings
Property Plant Equipment	- 0.97	Retained Earnings
Non Current Assets Total	- 0.97	Retained Earnings
Short Term Debt	- 0.96	Retained Earnings
Retained Earnings	- 0.96	Total Stockholder Equity
Net Receivables	- 0.95	Retained Earnings