Innovotech Total Assets vs Non Current Assets Total Analysis

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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 Total Assets 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 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.

Total Assets vs Non Current Assets Total

Total Assets vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Innovotech Total Assets account and Non Current Assets Total. At this time, the significance of the direction appears to have strong relationship.

The correlation between Innovotech's Total Assets and Non Current Assets Total is 0.71. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Innovotech, assuming nothing else is changed. The correlation between historical values of Innovotech's Total Assets 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 Total Assets of Innovotech 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 Total Assets i.e., Innovotech's Total Assets and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

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Total Assets

Total assets refers to the total amount of Innovotech assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Innovotech books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

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 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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