IMCC Intangible Assets vs Current Deferred Revenue Analysis

IMCC Stock  USD 2.81  0.04  1.44%   
Im Cannabis financial indicator trend analysis is infinitely more than just investigating Im Cannabis Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Im Cannabis Corp is a good investment. Please check the relationship between Im Cannabis Intangible Assets and its Current Deferred Revenue accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Im Cannabis Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Intangible Assets vs Current Deferred Revenue

Intangible Assets vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Im Cannabis Corp Intangible Assets account and Current Deferred Revenue. At this time, the significance of the direction appears to have pay attention.
The correlation between Im Cannabis' Intangible Assets and Current Deferred Revenue is -0.77. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Im Cannabis Corp, assuming nothing else is changed. The correlation between historical values of Im Cannabis' Intangible Assets and Current Deferred 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 Intangible Assets of Im Cannabis Corp are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Intangible Assets i.e., Im Cannabis' Intangible Assets and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

-0.77
Relationship DirectionNegative 
Relationship StrengthWeak

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Most indicators from Im Cannabis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Im Cannabis Corp 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 Im Cannabis Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
At present, Im Cannabis' Enterprise Value is projected to decrease significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Cost Of Revenue44.0M45.2M39.0M25.6M
Minority Interest755K2.4M2.0M1.6M

Im Cannabis fundamental ratios Correlations

0.120.230.41-0.040.040.07-0.580.580.330.020.570.280.240.160.420.07-0.520.360.10.370.430.250.42-0.010.65
0.120.920.790.980.980.55-0.170.710.70.990.080.770.940.880.940.98-0.440.90.890.950.570.890.580.980.42
0.230.920.950.870.880.76-0.510.870.580.90.430.651.00.780.940.86-0.60.980.970.940.830.990.840.910.54
0.410.790.950.70.730.83-0.730.970.450.760.660.50.940.620.890.72-0.670.950.90.870.950.970.950.770.59
-0.040.980.870.70.970.51-0.030.590.670.99-0.050.750.880.850.870.98-0.320.820.840.880.460.830.470.990.31
0.040.980.880.730.970.52-0.10.640.670.990.010.750.90.870.890.96-0.370.860.890.90.50.840.520.970.34
0.070.550.760.830.510.52-0.70.78-0.080.580.580.010.720.30.620.55-0.560.710.730.520.860.820.860.590.27
-0.58-0.17-0.51-0.73-0.03-0.1-0.7-0.790.04-0.12-0.970.03-0.47-0.02-0.42-0.080.61-0.54-0.45-0.36-0.89-0.58-0.88-0.13-0.53
0.580.710.870.970.590.640.78-0.790.40.660.70.440.850.540.870.66-0.680.90.770.820.930.90.920.660.6
0.330.70.580.450.670.67-0.080.040.40.630.010.990.620.750.660.6-0.210.610.570.790.240.50.260.640.53
0.020.990.90.760.990.990.58-0.120.660.630.020.720.920.860.910.98-0.40.870.880.90.530.870.540.990.34
0.570.080.430.66-0.050.010.58-0.970.70.010.020.00.38-0.080.32-0.03-0.510.450.390.30.850.50.840.050.53
0.280.770.650.50.750.750.010.030.440.990.720.00.690.80.720.69-0.240.670.640.840.280.570.30.730.51
0.240.941.00.940.880.90.72-0.470.850.620.920.380.690.820.950.87-0.610.990.960.960.80.980.810.920.56
0.160.880.780.620.850.870.3-0.020.540.750.86-0.080.80.820.820.84-0.480.820.750.880.370.70.380.830.42
0.420.940.940.890.870.890.62-0.420.870.660.910.320.720.950.820.9-0.610.960.860.970.720.920.720.880.6
0.070.980.860.720.980.960.55-0.080.660.60.98-0.030.690.870.840.9-0.380.840.80.880.480.830.490.970.3
-0.52-0.44-0.6-0.67-0.32-0.37-0.560.61-0.68-0.21-0.4-0.51-0.24-0.61-0.48-0.61-0.38-0.66-0.53-0.55-0.66-0.62-0.67-0.36-0.8
0.360.90.980.950.820.860.71-0.540.90.610.870.450.670.990.820.960.84-0.660.930.960.820.970.830.870.59
0.10.890.970.90.840.890.73-0.450.770.570.880.390.640.960.750.860.8-0.530.930.890.780.950.80.890.49
0.370.950.940.870.880.90.52-0.360.820.790.90.30.840.960.880.970.88-0.550.960.890.690.910.690.90.59
0.430.570.830.950.460.50.86-0.890.930.240.530.850.280.80.370.720.48-0.660.820.780.690.871.00.550.57
0.250.890.990.970.830.840.82-0.580.90.50.870.50.570.980.70.920.83-0.620.970.950.910.870.880.880.55
0.420.580.840.950.470.520.86-0.880.920.260.540.840.30.810.380.720.49-0.670.830.80.691.00.880.570.58
-0.010.980.910.770.990.970.59-0.130.660.640.990.050.730.920.830.880.97-0.360.870.890.90.550.880.570.32
0.650.420.540.590.310.340.27-0.530.60.530.340.530.510.560.420.60.3-0.80.590.490.590.570.550.580.32
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Im Cannabis Account Relationship Matchups

Im Cannabis fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding3.2M3.9M579.6K7.2M2.1M2.2M
Total Assets30.9M38.1M287.4M60.7M48.8M28.0M
Other Current Liab1.5M3.5M26.2M8.4M11.0M11.6M
Total Current Liabilities2.6M6.3M51.2M33.8M32.8M34.4M
Total Stockholder Equity24.7M11.1M201.2M22.7M14.5M19.5M
Property Plant And Equipment Net4.4M6.5M48.4M7.2M6.4M4.8M
Net Debt(12.9M)(7.9M)15.4M9.1M12.0M12.6M
Retained Earnings(4.3M)(33.0M)(50.7M)(238.9M)(249.1M)(236.7M)
Accounts Payable992K2.6M14.0M15.3M9.2M9.7M
Cash13.9M8.9M13.9M2.4M1.8M2.6M
Non Current Assets Total6.6M11.0M203.1M28.0M24.5M17.0M
Cash And Short Term Investments13.9M8.9M17.0M2.4M1.8M2.8M
Net Receivables2.1M5.7M29.1M8.7M11.3M11.9M
Liabilities And Stockholders Equity30.9M38.1M287.4M60.7M48.8M28.0M
Non Current Liabilities Total2.2M19.2M31.2M3.1M2.3M3.7M
Inventory5.5M8.4M31.1M16.6M10.9M7.9M
Other Current Assets52K785K21.2M5.0M210K199.5K
Other Stockholder Equity28.6M(1.0)(660K)(660.0K)(594.0K)(564.3K)
Total Liab4.8M25.5M82.4M36.9M35.1M36.9M
Property Plant And Equipment Gross4.4M6.5M48.4M7.2M23.0M24.2M
Total Current Assets24.3M27.1M84.3M32.7M24.3M25.5M
Net Invested Capital24.7M11.1M211.1M32.3M27.0M45.2M
Net Working Capital21.7M20.9M33.1M(1.1M)(8.5M)(8.1M)
Other Liab1.3M18.4M13.0M1.6M1.8M1.7M
Net Tangible Assets23.3M9.5M48.3M4.6M5.3M5.0M
Common Stock45K37.0M237.7M245.8M253.9M130.0M
Property Plant Equipment4.3M6.3M47.7M6.8M7.8M12.2M
Other Assets89K769K30K763K877.5K921.3K
Capital Stock45K37.0M237.7M245.8M253.9M146.9M
Intangible Assets889K1.1M30.9M7.9M5.8M8.5M

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When determining whether Im Cannabis Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Im Cannabis' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Im Cannabis Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Im Cannabis Corp Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Im Cannabis Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Biotechnology 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 Im Cannabis. If investors know IMCC 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 Im Cannabis listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(4.14)
Revenue Per Share
22.335
Quarterly Revenue Growth
0.117
Return On Assets
(0.17)
Return On Equity
(1.12)
The market value of Im Cannabis Corp is measured differently than its book value, which is the value of IMCC that is recorded on the company's balance sheet. Investors also form their own opinion of Im Cannabis' value that differs from its market value or its book value, called intrinsic value, which is Im Cannabis' 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 Im Cannabis' market value can be influenced by many factors that don't directly affect Im Cannabis' 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 Im Cannabis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Im Cannabis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Im Cannabis' 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.