Innovotech Property Plant Equipment vs Total Revenue Analysis

IOT Stock

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

Property Plant Equipment vs Total Revenue

Property Plant Equipment vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Innovotech Property Plant Equipment account and Total Revenue. At this time, the significance of the direction appears to have very week relationship.

The correlation between Innovotech's Property Plant Equipment and Total Revenue is 0.21. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Innovotech, assuming nothing else is changed. The correlation between historical values of Innovotech's Property Plant Equipment and Total 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 Property Plant Equipment of Innovotech are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Property Plant Equipment i.e., Innovotech's Property Plant Equipment and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.21

Relationship Direction	Positive
Relationship Strength	Very Weak

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Property Plant Equipment

Total Revenue

Total revenue comprises all receipts Innovotech generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Most indicators from Innovotech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Innovotech 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 Innovotech. 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 drop to about 680.4 K in 2024

Innovotech fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Total Current Assets	Common Stock	Other Current Liab	Inventory	Short Long Term Debt	Short Term Debt	Intangible Assets	Property Plant Equipment	Non Current Assets Total	Non Currrent Assets Other	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital
Total Assets		-0.48	0.84	0.02	0.83	0.24	-0.58	0.66	-0.03	0.49	-0.45	-0.58	0.15	0.92	0.08	-0.22	0.76	0.09	0.09	0.28	0.73	0.71	-0.64	0.68	0.91	0.86
Total Current Liabilities	-0.48		-0.8	0.14	-0.76	-0.35	0.84	-0.56	-0.14	0.1	0.49	0.92	0.07	-0.52	0.07	0.83	-0.19	0.15	0.15	-0.18	-0.26	-0.3	0.6	-0.51	-0.41	-0.39
Total Stockholder Equity	0.84	-0.8		-0.07	0.99	0.33	-0.89	0.73	0.01	0.2	-0.64	-0.9	0.02	0.86	-0.01	-0.46	0.59	0.09	0.09	0.42	0.57	0.67	-0.78	0.8	0.77	0.73
Other Liab	0.02	0.14	-0.07		-0.04	-0.85	0.02	-0.45	-0.77	0.46	-0.08	0.08	0.79	-0.15	0.94	0.07	0.52	0.71	0.71	0.62	-0.12	0.19	-0.44	0.32	0.33	0.28
Net Tangible Assets	0.83	-0.76	0.99	-0.04		0.28	-0.85	0.67	-0.09	0.2	-0.63	-0.86	0.11	0.82	0.03	-0.43	0.64	0.14	0.14	0.47	0.64	0.75	-0.81	0.84	0.79	0.72
Retained Earnings	0.24	-0.35	0.33	-0.85	0.28		-0.37	0.71	0.88	-0.45	-0.35	-0.38	-0.74	0.42	-0.91	-0.1	-0.22	-0.46	-0.46	-0.36	0.08	-0.12	0.2	-0.19	-0.12	-0.11
Accounts Payable	-0.58	0.84	-0.89	0.02	-0.85	-0.37		-0.67	-0.14	0.03	0.79	0.98	0.06	-0.67	0.05	0.41	-0.42	-0.15	-0.15	-0.49	-0.19	-0.38	0.75	-0.65	-0.53	-0.49
Cash	0.66	-0.56	0.73	-0.45	0.67	0.71	-0.67		0.57	-0.17	-0.6	-0.68	-0.51	0.87	-0.5	-0.19	0.23	-0.13	-0.13	0.11	0.22	0.18	-0.31	0.32	0.43	0.52
Other Assets	-0.03	-0.14	0.01	-0.77	-0.09	0.88	-0.14	0.57		-0.48	-0.19	-0.14	-0.89	0.22	-0.88	0.03	-0.49	-0.5	-0.5	-0.5	-0.29	-0.53	0.46	-0.49	-0.35	-0.26
Net Receivables	0.49	0.1	0.2	0.46	0.2	-0.45	0.03	-0.17	-0.48		0.15	0.06	0.47	0.31	0.57	0.06	0.61	0.25	0.25	0.11	0.45	0.46	-0.37	0.43	0.62	0.58
Other Stockholder Equity	-0.45	0.49	-0.64	-0.08	-0.63	-0.35	0.79	-0.6	-0.19	0.15		0.68	0.11	-0.56	0.13	0.06	-0.45	-0.51	-0.51	-0.69	-0.04	-0.33	0.59	-0.52	-0.44	-0.41
Total Liab	-0.58	0.92	-0.9	0.08	-0.86	-0.38	0.98	-0.68	-0.14	0.06	0.68		0.07	-0.66	0.06	0.56	-0.36	-0.01	-0.01	-0.39	-0.23	-0.37	0.71	-0.61	-0.5	-0.47
Deferred Long Term Liab	0.15	0.07	0.02	0.79	0.11	-0.74	0.06	-0.51	-0.89	0.47	0.11	0.07		-0.17	0.88	-0.04	0.62	0.46	0.46	0.44	0.28	0.5	-0.47	0.4	0.39	0.23
Total Current Assets	0.92	-0.52	0.86	-0.15	0.82	0.42	-0.67	0.87	0.22	0.31	-0.56	-0.66	-0.17		-0.14	-0.19	0.59	0.06	0.06	0.26	0.52	0.51	-0.56	0.61	0.79	0.83
Common Stock	0.08	0.07	-0.01	0.94	0.03	-0.91	0.05	-0.5	-0.88	0.57	0.13	0.06	0.88	-0.14		-0.05	0.51	0.5	0.5	0.49	0.08	0.31	-0.49	0.41	0.41	0.35
Other Current Liab	-0.22	0.83	-0.46	0.07	-0.43	-0.1	0.41	-0.19	0.03	0.06	0.06	0.56	-0.04	-0.19	-0.05		0.0	0.25	0.25	0.09	-0.23	-0.17	0.3	-0.26	-0.2	-0.18
Inventory	0.76	-0.19	0.59	0.52	0.64	-0.22	-0.42	0.23	-0.49	0.61	-0.45	-0.36	0.62	0.59	0.51	0.0		0.59	0.59	0.62	0.54	0.77	-0.7	0.7	0.83	0.7
Short Long Term Debt	0.09	0.15	0.09	0.71	0.14	-0.46	-0.15	-0.13	-0.5	0.25	-0.51	-0.01	0.46	0.06	0.5	0.25	0.59		1.0	0.76	-0.07	0.35	-0.44	0.41	0.32	0.27
Short Term Debt	0.09	0.15	0.09	0.71	0.14	-0.46	-0.15	-0.13	-0.5	0.25	-0.51	-0.01	0.46	0.06	0.5	0.25	0.59	1.0		0.76	-0.07	0.35	-0.44	0.41	0.32	0.27
Intangible Assets	0.28	-0.18	0.42	0.62	0.47	-0.36	-0.49	0.11	-0.5	0.11	-0.69	-0.39	0.44	0.26	0.49	0.09	0.62	0.76	0.76		0.08	0.5	-0.71	0.67	0.51	0.46
Property Plant Equipment	0.73	-0.26	0.57	-0.12	0.64	0.08	-0.19	0.22	-0.29	0.45	-0.04	-0.23	0.28	0.52	0.08	-0.23	0.54	-0.07	-0.07	0.08		0.88	-0.42	0.61	0.71	0.57
Non Current Assets Total	0.71	-0.3	0.67	0.19	0.75	-0.12	-0.38	0.18	-0.53	0.46	-0.33	-0.37	0.5	0.51	0.31	-0.17	0.77	0.35	0.35	0.5	0.88		-0.7	0.83	0.8	0.64
Non Currrent Assets Other	-0.64	0.6	-0.78	-0.44	-0.81	0.2	0.75	-0.31	0.46	-0.37	0.59	0.71	-0.47	-0.56	-0.49	0.3	-0.7	-0.44	-0.44	-0.71	-0.42	-0.7		-0.93	-0.81	-0.76
Common Stock Shares Outstanding	0.68	-0.51	0.8	0.32	0.84	-0.19	-0.65	0.32	-0.49	0.43	-0.52	-0.61	0.4	0.61	0.41	-0.26	0.7	0.41	0.41	0.67	0.61	0.83	-0.93		0.85	0.81
Net Invested Capital	0.91	-0.41	0.77	0.33	0.79	-0.12	-0.53	0.43	-0.35	0.62	-0.44	-0.5	0.39	0.79	0.41	-0.2	0.83	0.32	0.32	0.51	0.71	0.8	-0.81	0.85		0.95
Net Working Capital	0.86	-0.39	0.73	0.28	0.72	-0.11	-0.49	0.52	-0.26	0.58	-0.41	-0.47	0.23	0.83	0.35	-0.18	0.7	0.27	0.27	0.46	0.57	0.64	-0.76	0.81	0.95

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Innovotech Account Relationship Matchups

Innovotech fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	274.9K	822.4K	1.4M	1.2M	1.2M	749.7K
Total Current Liabilities	76.8K	157.5K	219.0K	165.3K	175.5K	298.0K
Total Stockholder Equity	98.1K	645.0K	1.2M	1.1M	930.6K	977.1K
Net Tangible Assets	93.5K	98.1K	645.0K	1.2M	1.4M	1.4M
Retained Earnings	(8.7M)	(8.6M)	(8.3M)	(8.4M)	(8.5M)	(9.0M)
Accounts Payable	65.3K	73.3K	83.7K	104.2K	93.8K	178.5K
Cash	96.7K	530.1K	422.4K	469.1K	160.5K	226.8K
Net Receivables	101.2K	136.9K	358.3K	184.9K	204.3K	159.0K
Total Liab	176.8K	177.5K	256.0K	165.3K	217.9K	399.2K
Total Current Assets	224.8K	752.7K	993.5K	826.0K	565.1K	549.5K
Inventory	21.5K	38.9K	59.8K	42.2K	70.0K	40.9K
Property Plant Equipment	60.9K	50.1K	69.7K	229.4K	263.9K	277.1K
Non Current Assets Total	50.1K	69.7K	439.4K	396.8K	651.4K	684.0K
Net Invested Capital	198.1K	665.0K	1.2M	1.1M	930.6K	691.9K
Net Working Capital	148.0K	595.3K	774.5K	660.7K	389.6K	426.5K

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