Impax Inventory vs Non Currrent Assets Other Analysis
IEM Stock | 376.50 3.00 0.80% |
Impax Environmental financial indicator trend analysis is infinitely more than just investigating Impax Environmental recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Impax Environmental is a good investment. Please check the relationship between Impax Environmental Inventory and its Non Currrent Assets Other accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Impax Environmental Markets. 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 economic analysis.
Inventory vs Non Currrent Assets Other
Inventory vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Impax Environmental Inventory account and Non Currrent Assets Other. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Impax Environmental's Inventory and Non Currrent Assets Other is 0.12. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Impax Environmental Markets, assuming nothing else is changed. The correlation between historical values of Impax Environmental's Inventory and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Impax Environmental Markets are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Inventory i.e., Impax Environmental's Inventory and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.12 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Inventory
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Most indicators from Impax Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Impax Environmental 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 Impax Environmental Markets. 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 economic analysis. The current year's Tax Provision is expected to grow to about 1.7 M, whereas Selling General Administrative is forecasted to decline to about 1.2 M.
Impax Environmental fundamental ratios Correlations
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Impax Environmental Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Impax Environmental fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 688.9M | 1.1B | 1.5B | 1.3B | 1.3B | 1.4B | |
Other Current Liab | (77K) | (1.5M) | (98K) | (51.7M) | 3.8M | 4.0M | |
Total Current Liabilities | 77K | 1.6M | 3.0M | 133K | 7.6M | 8.0M | |
Total Stockholder Equity | 657.0M | 1.1B | 1.5B | 1.3B | 1.2B | 1.3B | |
Net Debt | 16.3M | 18.9M | 20.8M | 25.3M | 70.3M | 73.8M | |
Accounts Payable | 77K | 1.5M | 98K | 133K | 119.7K | 113.7K | |
Cash | 13.8M | 30.0M | 28.3M | 26.3M | 16.8M | 11.7M | |
Non Current Assets Total | 674.9M | 1.1B | 1.5B | 1.3B | 1.3B | 1.4B | |
Non Currrent Assets Other | (674.9M) | (1.1B) | (1.5B) | (1.3B) | (1.3B) | (1.2B) | |
Other Assets | 481.6M | 23K | 58K | 90K | 39K | 37.1K | |
Cash And Short Term Investments | 13.8M | 30.0M | 28.3M | 26.3M | 16.8M | 11.7M | |
Net Receivables | 203K | 3.9M | 274K | 512K | 586K | 585.8K | |
Liabilities And Stockholders Equity | 688.9M | 1.1B | 1.5B | 1.3B | 1.3B | 1.4B | |
Non Current Liabilities Total | 30.1M | 48.9M | 49.1M | 51.6M | 87.1M | 91.5M | |
Other Stockholder Equity | 62.2M | 239.1M | 388.3M | 423.1M | 423.1M | 444.3M | |
Total Liab | 32.0M | 53.7M | 52.7M | 53.7M | 91.0M | 95.5M | |
Total Current Assets | 14.0M | 34.1M | 28.6M | 26.9M | 17.6M | 12.3M | |
Retained Earnings | 439.1M | 669.9M | 903.8M | 670.5M | 14.9M | 14.2M | |
Other Current Assets | 95K | 143.0K | 23K | 198.0K | 205K | 215.3K | |
Accumulated Other Comprehensive Income | 133.1M | 157.7M | 157.7M | 151.7M | 753.9M | 791.6M | |
Short Long Term Debt Total | 30.1M | 48.9M | 49.1M | 51.6M | 87.1M | 46.1M | |
Net Tangible Assets | 450.0M | 657.0M | 1.1B | 1.5B | 1.7B | 1.8B | |
Long Term Debt | 29.4M | 30.7M | 30.1M | 48.9M | 56.2M | 36.3M | |
Long Term Investments | 674.9M | 1.1B | 1.5B | 1.3B | 1.3B | 898.6M | |
Net Invested Capital | 687.1M | 1.1B | 1.5B | 1.3B | 1.3B | 1.1B |
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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.Other Information on Investing in Impax Stock
Balance Sheet is a snapshot of the financial position of Impax Environmental at a specified time, usually calculated after every quarter, six months, or one year. Impax Environmental Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Impax Environmental 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 Impax currently owns. An asset can also be divided into two categories, current and non-current.