TUT Net Invested Capital vs Net Tangible Assets Analysis

GYM Stock

0.08 0.00 0.00%

TUT Fitness financial indicator trend analysis is much more than just breaking down TUT Fitness Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TUT Fitness Group is a good investment. Please check the relationship between TUT Fitness Net Invested Capital and its Net Tangible Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in TUT Fitness 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 board of governors.

Net Invested Capital vs Net Tangible Assets

Net Invested Capital vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TUT Fitness Group Net Invested Capital account and Net Tangible Assets. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between TUT Fitness' Net Invested Capital and Net Tangible Assets is -0.6. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of TUT Fitness Group, assuming nothing else is changed. The correlation between historical values of TUT Fitness' Net Invested Capital and Net Tangible 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 Net Invested Capital of TUT Fitness Group are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Net Invested Capital i.e., TUT Fitness' Net Invested Capital and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

-0.6

Relationship Direction	Negative
Relationship Strength	Weak

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Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

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

Selling General Administrative is likely to climb to about 906.3 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 167.7 K in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	1.4M	1.2M	1.1M	1.3M
Cost Of Revenue	111.9K	181.7K	208.9K	118.1K

Total Operating Expenses Cost Of Revenue

TUT Fitness fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Net Receivables	Total Current Assets	Common Stock	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Cash	Non Current Assets Total	Common Stock Shares Outstanding	Inventory	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Capital Stock	Net Working Capital	Intangible Assets	Property Plant Equipment	Other Current Assets
Other Current Liab		0.32	-0.93	0.95	-0.73	0.9	-0.72	-1.0	0.84	0.83	-0.84	0.85	0.8	-0.66	-0.81	0.53	0.71	0.83	-0.84	-0.6	0.84	0.82	-0.85	0.53
Total Current Liabilities	0.32		-0.04	0.41	0.4	-0.04	0.15	-0.33	0.51	0.48	-0.67	0.6	0.39	-0.17	-0.8	0.3	0.87	0.48	-0.61	-0.22	0.52	0.44	-0.62	0.3
Net Tangible Assets	-0.93	-0.04		-0.79	0.87	-0.89	0.91	0.92	-0.61	-0.6	0.6	-0.61	-0.58	0.49	0.58	-0.4	-0.5	-0.6	0.6	0.46	-0.61	-0.59	0.61	-0.4
Retained Earnings	0.95	0.41	-0.79		-0.61	0.88	-0.47	-0.96	0.96	0.96	-0.93	0.96	0.94	-0.8	-0.86	0.59	0.71	0.96	-0.95	-0.7	0.96	0.95	-0.95	0.59
Accounts Payable	-0.73	0.4	0.87	-0.61		-0.9	0.79	0.73	-0.45	-0.46	0.33	-0.39	-0.5	0.55	0.21	-0.37	-0.07	-0.46	0.37	0.5	-0.44	-0.48	0.38	-0.37
Net Receivables	0.9	-0.04	-0.89	0.88	-0.9		-0.67	-0.91	0.78	0.79	-0.66	0.74	0.81	-0.76	-0.55	0.61	0.4	0.79	-0.7	-0.7	0.78	0.8	-0.73	0.61
Total Current Assets	-0.72	0.15	0.91	-0.47	0.79	-0.67		0.69	-0.23	-0.22	0.26	-0.25	-0.2	0.1	0.29	-0.17	-0.31	-0.22	0.24	0.11	-0.23	-0.21	0.26	-0.17
Common Stock	-1.0	-0.33	0.92	-0.96	0.73	-0.91	0.69		-0.86	-0.86	0.85	-0.87	-0.83	0.7	0.82	-0.6	-0.72	-0.86	0.85	0.66	-0.86	-0.85	0.87	-0.6
Total Assets	0.84	0.51	-0.61	0.96	-0.45	0.78	-0.23	-0.86		1.0	-0.94	0.99	0.99	-0.86	-0.87	0.69	0.72	1.0	-0.96	-0.79	1.0	1.0	-0.99	0.69
Total Stockholder Equity	0.83	0.48	-0.6	0.96	-0.46	0.79	-0.22	-0.86	1.0		-0.93	0.98	0.99	-0.87	-0.85	0.7	0.7	1.0	-0.95	-0.8	1.0	1.0	-0.98	0.7
Property Plant And Equipment Net	-0.84	-0.67	0.6	-0.93	0.33	-0.66	0.26	0.85	-0.94	-0.93		-0.98	-0.88	0.75	0.96	-0.51	-0.83	-0.93	0.99	0.68	-0.95	-0.91	0.97	-0.51
Cash	0.85	0.6	-0.61	0.96	-0.39	0.74	-0.25	-0.87	0.99	0.98	-0.98		0.96	-0.8	-0.93	0.64	0.8	0.98	-0.98	-0.73	0.99	0.97	-1.0	0.64
Non Current Assets Total	0.8	0.39	-0.58	0.94	-0.5	0.81	-0.2	-0.83	0.99	0.99	-0.88	0.96		-0.9	-0.78	0.73	0.61	0.99	-0.92	-0.83	0.99	1.0	-0.95	0.73
Common Stock Shares Outstanding	-0.66	-0.17	0.49	-0.8	0.55	-0.76	0.1	0.7	-0.86	-0.87	0.75	-0.8	-0.9		0.61	-0.66	-0.36	-0.87	0.81	0.95	-0.85	-0.89	0.8	-0.66
Inventory	-0.81	-0.8	0.58	-0.86	0.21	-0.55	0.29	0.82	-0.87	-0.85	0.96	-0.93	-0.78	0.61		-0.54	-0.95	-0.85	0.93	0.6	-0.87	-0.82	0.94	-0.54
Other Stockholder Equity	0.53	0.3	-0.4	0.59	-0.37	0.61	-0.17	-0.6	0.69	0.7	-0.51	0.64	0.73	-0.66	-0.54		0.53	0.7	-0.52	-0.81	0.69	0.71	-0.69	1.0
Total Liab	0.71	0.87	-0.5	0.71	-0.07	0.4	-0.31	-0.72	0.72	0.7	-0.83	0.8	0.61	-0.36	-0.95	0.53		0.7	-0.77	-0.42	0.73	0.66	-0.82	0.53
Net Invested Capital	0.83	0.48	-0.6	0.96	-0.46	0.79	-0.22	-0.86	1.0	1.0	-0.93	0.98	0.99	-0.87	-0.85	0.7	0.7		-0.95	-0.8	1.0	1.0	-0.98	0.7
Property Plant And Equipment Gross	-0.84	-0.61	0.6	-0.95	0.37	-0.7	0.24	0.85	-0.96	-0.95	0.99	-0.98	-0.92	0.81	0.93	-0.52	-0.77	-0.95		0.72	-0.96	-0.94	0.97	-0.52
Capital Stock	-0.6	-0.22	0.46	-0.7	0.5	-0.7	0.11	0.66	-0.79	-0.8	0.68	-0.73	-0.83	0.95	0.6	-0.81	-0.42	-0.8	0.72		-0.78	-0.81	0.76	-0.81
Net Working Capital	0.84	0.52	-0.61	0.96	-0.44	0.78	-0.23	-0.86	1.0	1.0	-0.95	0.99	0.99	-0.85	-0.87	0.69	0.73	1.0	-0.96	-0.78		0.99	-0.99	0.69
Intangible Assets	0.82	0.44	-0.59	0.95	-0.48	0.8	-0.21	-0.85	1.0	1.0	-0.91	0.97	1.0	-0.89	-0.82	0.71	0.66	1.0	-0.94	-0.81	0.99		-0.97	0.71
Property Plant Equipment	-0.85	-0.62	0.61	-0.95	0.38	-0.73	0.26	0.87	-0.99	-0.98	0.97	-1.0	-0.95	0.8	0.94	-0.69	-0.82	-0.98	0.97	0.76	-0.99	-0.97		-0.69
Other Current Assets	0.53	0.3	-0.4	0.59	-0.37	0.61	-0.17	-0.6	0.69	0.7	-0.51	0.64	0.73	-0.66	-0.54	1.0	0.53	0.7	-0.52	-0.81	0.69	0.71	-0.69

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TUT Net Invested Capital vs Net Tangible Assets Analysis

Net Invested Capital vs Net Tangible Assets

Net Invested Capital vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Net Invested Capital

Net Tangible Assets

TUT Fitness fundamental ratios Correlations

TUT Fitness Account Relationship Matchups

High Positive Relationship

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Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Net Working Capital	+ 1.0	Total Assets
Intangible Assets	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Stockholder Equity
Net Working Capital	+ 1.0	Total Stockholder Equity

Property Plant Equipment	- 1.0	Cash
Common Stock	- 1.0	Other Current Liab
Property Plant Equipment	- 0.99	Net Working Capital
Property Plant Equipment	- 0.99	Total Assets
Property Plant Equipment	- 0.98	Net Invested Capital
Property Plant And Equipment Gross	- 0.98	Cash