Innovex Good Will vs Non Current Assets Total Analysis

INVX Stock   16.27  0.05  0.31%   
Innovex International, financial indicator trend analysis is infinitely more than just investigating Innovex International, recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Innovex International, is a good investment. Please check the relationship between Innovex International, Good Will and its Non Current Assets Total accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Innovex International,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
For more information on how to buy Innovex Stock please use our How to Invest in Innovex International, guide.

Good Will vs Non Current Assets Total

Good Will vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Innovex International, Good Will account and Non Current Assets Total. At this time, the significance of the direction appears to have very week relationship.
The correlation between Innovex International,'s Good Will and Non Current Assets Total is 0.2. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Innovex International,, assuming nothing else is changed. The correlation between historical values of Innovex International,'s Good Will and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Innovex International, are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Good Will i.e., Innovex International,'s Good Will and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.2
Relationship DirectionPositive 
Relationship StrengthVery Weak

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Innovex International,'s fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Innovex International, 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 Innovex International,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
For more information on how to buy Innovex Stock please use our How to Invest in Innovex International, guide.Tax Provision is likely to drop to about 7.4 M in 2024. Selling General Administrative is likely to drop to about 64.7 M in 2024
 2021 2022 2023 2024 (projected)
Interest Expense2.2M4.0M4.6M4.9M
Depreciation And Amortization17.7M18.5M30.5M27.1M

Innovex International, fundamental ratios Correlations

-0.780.580.581.00.97-0.3-0.930.960.070.920.950.880.020.930.820.53-0.740.870.84-0.450.121.00.610.930.27
-0.78-0.42-0.4-0.8-0.840.010.8-0.79-0.02-0.77-0.74-0.630.15-0.78-0.62-0.360.94-0.61-0.630.420.19-0.77-0.21-0.84-0.09
0.58-0.420.940.520.62-0.13-0.320.380.130.290.390.40.130.290.690.74-0.480.830.60.130.660.620.550.620.42
0.58-0.40.940.520.6-0.06-0.340.40.350.310.450.430.110.320.710.72-0.410.760.490.130.760.610.470.640.38
1.0-0.80.520.520.97-0.3-0.950.980.030.940.950.880.030.950.790.5-0.770.840.84-0.490.030.990.60.930.26
0.97-0.840.620.60.97-0.19-0.90.930.020.890.930.90.00.890.780.55-0.790.860.81-0.420.110.960.530.960.28
-0.30.01-0.13-0.06-0.3-0.190.19-0.33-0.09-0.19-0.26-0.13-0.12-0.19-0.36-0.110.09-0.32-0.20.310.04-0.3-0.67-0.09-0.19
-0.930.8-0.32-0.34-0.95-0.90.19-0.950.1-0.99-0.93-0.88-0.15-0.99-0.62-0.480.77-0.67-0.710.510.18-0.91-0.48-0.9-0.17
0.96-0.790.380.40.980.93-0.33-0.950.060.940.950.870.030.950.760.4-0.750.740.81-0.64-0.090.950.530.880.18
0.07-0.020.130.350.030.02-0.090.10.06-0.110.1-0.06-0.38-0.080.42-0.190.150.0-0.10.020.490.07-0.210.04-0.27
0.92-0.770.290.310.940.89-0.19-0.990.94-0.110.930.890.091.00.60.42-0.730.670.71-0.51-0.170.90.470.870.16
0.95-0.740.390.450.950.93-0.26-0.930.950.10.930.92-0.010.940.680.4-0.670.730.69-0.490.030.910.520.890.2
0.88-0.630.40.430.880.9-0.13-0.880.87-0.060.890.920.080.890.60.41-0.550.690.66-0.460.090.850.440.850.21
0.020.150.130.110.030.0-0.12-0.150.03-0.380.09-0.010.080.07-0.090.67-0.020.050.09-0.03-0.10.040.360.130.29
0.93-0.780.290.320.950.89-0.19-0.990.95-0.081.00.940.890.070.610.41-0.730.660.7-0.52-0.170.90.460.880.15
0.82-0.620.690.710.790.78-0.36-0.620.760.420.60.680.6-0.090.610.43-0.520.760.75-0.310.40.850.470.770.07
0.53-0.360.740.720.50.55-0.11-0.480.4-0.190.420.40.410.670.410.43-0.50.660.510.070.280.550.640.650.53
-0.740.94-0.48-0.41-0.77-0.790.090.77-0.750.15-0.73-0.67-0.55-0.02-0.73-0.52-0.5-0.67-0.680.440.24-0.75-0.4-0.77-0.29
0.87-0.610.830.760.840.86-0.32-0.670.740.00.670.730.690.050.660.760.66-0.670.84-0.210.370.890.760.790.56
0.84-0.630.60.490.840.81-0.2-0.710.81-0.10.710.690.660.090.70.750.51-0.680.84-0.490.060.870.60.740.31
-0.450.420.130.13-0.49-0.420.310.51-0.640.02-0.51-0.49-0.46-0.03-0.52-0.310.070.44-0.21-0.490.44-0.43-0.22-0.28-0.06
0.120.190.660.760.030.110.040.18-0.090.49-0.170.030.09-0.1-0.170.40.280.240.370.060.440.140.180.130.17
1.0-0.770.620.610.990.96-0.3-0.910.950.070.90.910.850.040.90.850.55-0.750.890.87-0.430.140.630.930.28
0.61-0.210.550.470.60.53-0.67-0.480.53-0.210.470.520.440.360.460.470.64-0.40.760.6-0.220.180.630.460.63
0.93-0.840.620.640.930.96-0.09-0.90.880.040.870.890.850.130.880.770.65-0.770.790.74-0.280.130.930.460.21
0.27-0.090.420.380.260.28-0.19-0.170.18-0.270.160.20.210.290.150.070.53-0.290.560.31-0.060.170.280.630.21
Click cells to compare fundamentals

Innovex International, Account Relationship Matchups

Innovex International, fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.2B1.2B284.9M436.3M1.0B1.1B
Other Current Liab42.2M35.5M18.4M23.4M42.1M45.8M
Total Current Liabilities96.9M85.5M69.6M85.0M117.7M87.0M
Total Stockholder Equity1.1B1.0B180.6M251.3M881.3M918.2M
Property Plant And Equipment Net263.6M242.0M37.5M69.9M235.1M237.2M
Current Deferred Revenue6.9M11.3M9.7M8.0M7.6M11.1M
Net Debt(397.4M)(344.7M)25.5M73.0M(189.1M)(198.5M)
Retained Earnings1.2B1.1B8.7M72.0M950.7M858.4M
Accounts Payable46.3M37.4M38.3M41.7M65.7M40.8M
Cash398.9M346.0M9.7M8.4M191.4M265.3M
Non Current Assets Total326.1M288.0M92.0M153.9M308.5M273.5M
Non Currrent Assets Other13.5M10.9M(9.5M)3.5M5.8M8.7M
Cash And Short Term Investments398.9M346.0M9.7M8.4M217.3M266.7M
Net Receivables248.2M256.5M82.7M126.2M284.0M216.8M
Common Stock Shares Outstanding36.2M35.3M35.3M34.2M34.5M30.4M
Liabilities And Stockholders Equity1.2B1.2B284.9M436.3M1.0B1.1B
Non Current Liabilities Total18.9M24.1M34.8M100.0M29.2M19.5M
Inventory205.1M212.5M92.3M136.7M194.6M261.4M
Other Current Assets28.3M48.2M8.2M11.1M23.8M38.8M
Other Stockholder Equity52.9M65.6M169.2M178.8M100.3M92.0M
Total Liab115.9M109.6M104.3M185.0M146.9M139.1M
Total Current Assets880.5M863.2M192.9M282.4M719.7M783.7M
Accumulated Other Comprehensive Income(143.6M)(149.7M)2.5M318K(170.1M)(161.6M)
Short Term Debt1.5M1.3M5.8M14.7M2.3M2.2M
Common Stock371K363K151K154K343K274.0K
Good Will7.7M7.9M16.7M23.9M16.7M17.7M
Intangible Assets32.1M29.3M35.9M49.8M41.9M40.2M

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