ITP Non Current Assets Total vs Total Revenue Analysis

ITP Stock

USD 0.43 0.02 4.88%

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

Non Current Assets Total vs Total Revenue

Non Current Assets Total vs Total Revenue Correlation Analysis

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

The correlation between IT Tech's Non Current Assets Total and Total Revenue is 0.55. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Revenue in the same time period over historical financial statements of IT Tech Packaging, assuming nothing else is changed. The correlation between historical values of IT Tech's Non Current Assets Total 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 Non Current Assets Total of IT Tech Packaging 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 Non Current Assets Total i.e., IT Tech's Non Current Assets Total and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.55

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

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.

Total Revenue

Total revenue comprises all receipts IT Tech Packaging 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 IT Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IT Tech Packaging 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 IT Tech Packaging. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At this time, IT Tech's Tax Provision is relatively stable compared to the past year. As of 01/18/2025, Sales General And Administrative To Revenue is likely to grow to 0.09, while Selling General Administrative is likely to drop slightly above 6.7 M.

	2022	2023	2024	2025 (projected)
Total Revenue	100.4M	86.5M	99.5M	120.2M
Depreciation And Amortization	14.8M	14.2M	16.4M	10.9M

Total Revenue Depreciation And Amortization

IT Tech fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Common Stock	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Inventory	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Long Term Debt
Total Assets		0.97	0.91	0.98	-0.08	0.14	0.65	0.24	0.56	0.55	0.72	0.32	0.46	0.22	0.6	0.88	0.37	-0.18	0.27	0.27	0.21	0.16	0.66	0.52	0.57	0.24
Total Stockholder Equity	0.97		0.91	0.93	-0.14	0.22	0.76	0.32	0.36	0.64	0.53	0.39	0.25	0.27	0.4	0.79	0.15	-0.31	0.38	0.38	0.34	0.11	0.62	0.6	0.37	0.08
Retained Earnings	0.91	0.91		0.93	0.11	0.24	0.54	0.05	0.49	0.38	0.6	0.29	0.38	0.11	0.44	0.8	0.31	-0.29	0.21	0.21	0.09	-0.02	0.48	0.3	0.47	0.08
Non Current Assets Total	0.98	0.93	0.93		-0.04	0.17	0.58	0.15	0.64	0.46	0.77	0.23	0.54	0.2	0.65	0.93	0.48	-0.14	0.1	0.1	0.09	0.12	0.61	0.33	0.62	0.29
Non Currrent Assets Other	-0.08	-0.14	0.11	-0.04		0.17	-0.57	-0.91	0.27	-0.77	0.13	0.19	0.3	-0.83	0.05	-0.11	0.28	0.26	-0.02	-0.02	-0.72	-0.04	-0.42	-0.23	0.27	0.19
Other Assets	0.14	0.22	0.24	0.17	0.17		0.36	-0.11	-0.17	0.01	-0.13	0.4	-0.18	-0.06	-0.15	0.09	-0.18	-0.15	0.06	0.06	0.03	-0.42	-0.54	-0.07	-0.1	-0.15
Common Stock Total Equity	0.65	0.76	0.54	0.58	-0.57	0.36		0.72	-0.14	0.84	0.08	0.25	-0.23	0.62	0.06	0.44	-0.28	-0.42	0.33	0.33	0.75	-0.18	0.48	0.55	-0.1	-0.19
Common Stock Shares Outstanding	0.24	0.32	0.05	0.15	-0.91	-0.11	0.72		-0.25	0.92	-0.1	-0.08	-0.3	0.81	-0.07	0.09	-0.33	-0.34	0.23	0.23	0.9	-0.08	0.5	0.47	-0.24	-0.21
Non Current Liabilities Total	0.56	0.36	0.49	0.64	0.27	-0.17	-0.14	-0.25		-0.08	0.93	-0.06	0.94	-0.18	0.81	0.71	0.93	0.25	-0.35	-0.35	-0.43	0.27	0.38	-0.1	0.88	0.65
Other Stockholder Equity	0.55	0.64	0.38	0.46	-0.77	0.01	0.84	0.92	-0.08		0.1	0.16	-0.17	0.77	0.07	0.36	-0.24	-0.41	0.39	0.39	0.85	0.0	0.58	0.63	-0.07	-0.15
Total Liab	0.72	0.53	0.6	0.77	0.13	-0.13	0.08	-0.1	0.93	0.1		0.0	0.93	0.0	0.95	0.84	0.88	0.28	-0.16	-0.16	-0.25	0.25	0.53	0.09	0.94	0.62
Common Stock	0.32	0.39	0.29	0.23	0.19	0.4	0.25	-0.08	-0.06	0.16	0.0		-0.06	-0.1	-0.01	0.23	-0.14	-0.11	0.42	0.42	0.02	-0.08	-0.05	0.53	0.04	-0.11
Short Long Term Debt Total	0.46	0.25	0.38	0.54	0.3	-0.18	-0.23	-0.3	0.94	-0.17	0.93	-0.06		-0.25	0.9	0.65	0.98	0.46	-0.3	-0.3	-0.46	0.2	0.33	-0.11	0.97	0.62
Other Current Liab	0.22	0.27	0.11	0.2	-0.83	-0.06	0.62	0.81	-0.18	0.77	0.0	-0.1	-0.25		0.05	0.21	-0.25	-0.36	0.08	0.08	0.73	-0.2	0.38	0.21	-0.22	-0.06
Total Current Liabilities	0.6	0.4	0.44	0.65	0.05	-0.15	0.06	-0.07	0.81	0.07	0.95	-0.01	0.9	0.05		0.76	0.86	0.42	-0.15	-0.15	-0.21	0.16	0.49	0.07	0.94	0.59
Property Plant And Equipment Net	0.88	0.79	0.8	0.93	-0.11	0.09	0.44	0.09	0.71	0.36	0.84	0.23	0.65	0.21	0.76		0.61	0.01	-0.09	-0.09	-0.08	0.24	0.58	0.18	0.7	0.36
Net Debt	0.37	0.15	0.31	0.48	0.28	-0.18	-0.28	-0.33	0.93	-0.24	0.88	-0.14	0.98	-0.25	0.86	0.61		0.48	-0.48	-0.48	-0.53	0.16	0.28	-0.26	0.92	0.62
Accounts Payable	-0.18	-0.31	-0.29	-0.14	0.26	-0.15	-0.42	-0.34	0.25	-0.41	0.28	-0.11	0.46	-0.36	0.42	0.01	0.48		-0.27	-0.27	-0.39	-0.01	-0.1	-0.24	0.46	0.59
Cash	0.27	0.38	0.21	0.1	-0.02	0.06	0.33	0.23	-0.35	0.39	-0.16	0.42	-0.3	0.08	-0.15	-0.09	-0.48	-0.27		1.0	0.5	0.14	0.12	0.8	-0.13	-0.26
Cash And Short Term Investments	0.27	0.38	0.21	0.1	-0.02	0.06	0.33	0.23	-0.35	0.39	-0.16	0.42	-0.3	0.08	-0.15	-0.09	-0.48	-0.27	1.0		0.5	0.14	0.12	0.8	-0.13	-0.26
Net Receivables	0.21	0.34	0.09	0.09	-0.72	0.03	0.75	0.9	-0.43	0.85	-0.25	0.02	-0.46	0.73	-0.21	-0.08	-0.53	-0.39	0.5	0.5		-0.26	0.37	0.59	-0.36	-0.25
Inventory	0.16	0.11	-0.02	0.12	-0.04	-0.42	-0.18	-0.08	0.27	0.0	0.25	-0.08	0.2	-0.2	0.16	0.24	0.16	-0.01	0.14	0.14	-0.26		0.28	0.23	0.19	0.13
Property Plant And Equipment Gross	0.66	0.62	0.48	0.61	-0.42	-0.54	0.48	0.5	0.38	0.58	0.53	-0.05	0.33	0.38	0.49	0.58	0.28	-0.1	0.12	0.12	0.37	0.28		0.51	0.36	0.17
Total Current Assets	0.52	0.6	0.3	0.33	-0.23	-0.07	0.55	0.47	-0.1	0.63	0.09	0.53	-0.11	0.21	0.07	0.18	-0.26	-0.24	0.8	0.8	0.59	0.23	0.51		0.04	-0.07
Short Term Debt	0.57	0.37	0.47	0.62	0.27	-0.1	-0.1	-0.24	0.88	-0.07	0.94	0.04	0.97	-0.22	0.94	0.7	0.92	0.46	-0.13	-0.13	-0.36	0.19	0.36	0.04		0.57
Long Term Debt	0.24	0.08	0.08	0.29	0.19	-0.15	-0.19	-0.21	0.65	-0.15	0.62	-0.11	0.62	-0.06	0.59	0.36	0.62	0.59	-0.26	-0.26	-0.25	0.13	0.17	-0.07	0.57

Click cells to compare fundamentals

IT Tech Account Relationship Matchups

IT Tech fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	199.9M	241.5M	204.4M	194.7M	224.0M	172.1M
Total Stockholder Equity	175.1M	215.7M	181.3M	168.3M	193.6M	141.7M
Retained Earnings	109.2M	110.1M	93.6M	83.6M	96.2M	82.9M
Non Current Assets Total	185.0M	186.0M	157.3M	166.4M	191.3M	147.8M
Non Currrent Assets Other	2.6M	(12.8M)	(17.1M)	(79.6M)	(71.7M)	(68.1M)
Other Assets	14.5M	163.8M	57.1M	1.0M	1.2M	1.1M
Common Stock Shares Outstanding	2.6M	6.0M	10.0M	10.1M	11.6M	12.2M
Liabilities And Stockholders Equity	199.9M	241.5M	204.4M	194.7M	224.0M	172.1M
Non Current Liabilities Total	6.5M	5.4M	5.5M	5.0M	5.7M	9.7M
Other Stockholder Equity	51.2M	54.0M	88.9M	89.2M	102.5M	107.7M
Total Liab	24.8M	25.8M	23.1M	26.4M	30.4M	30.4M
Common Stock	22.7K	28.5K	99.1K	10.1K	11.6K	11.0K
Short Long Term Debt Total	16.6M	16.1M	15.4M	12.4M	14.2M	24.3M
Other Current Liab	6.1M	7.4M	7.0M	13.9M	16.0M	16.8M
Total Current Liabilities	18.3M	20.4M	17.6M	21.4M	24.6M	21.9M
Property Plant And Equipment Net	156.2M	172.3M	97.5M	164.5M	189.2M	141.5M
Net Debt	12.4M	4.9M	5.9M	8.5M	9.7M	18.4M
Accounts Payable	592.4K	10.3K	5.0K	5.0K	4.5K	4.3K
Cash	4.1M	11.2M	9.5M	3.9M	4.5M	6.0M
Cash And Short Term Investments	4.1M	11.2M	9.5M	3.9M	4.5M	6.0M
Net Receivables	8.3M	12.7M	21.2M	14.8M	17.1M	17.9M
Inventory	1.2M	5.8M	2.9M	9.0M	8.1M	4.9M
Property Plant And Equipment Gross	21.1M	172.3M	232.4M	227.4M	261.6M	148.9M
Total Current Assets	14.9M	55.5M	47.2M	28.4M	32.6M	25.7M
Accumulated Other Comprehensive Income	11.8M	16.6M	(1.4M)	(4.5M)	(4.0M)	(3.8M)
Short Term Debt	11.6M	13.0M	10.7M	7.4M	8.5M	14.5M
Long Term Debt	4.6M	3.0M	4.2M	4.5M	4.1M	5.0M
Other Current Assets	1.2M	885.0K	584.5K	598.0K	538.2K	619.1K
Property Plant Equipment	151.6M	147.5M	128.9M	154.2M	177.3M	149.9M
Intangible Assets	12.5M	12.8M	57.7M	81.5M	93.7M	98.4M
Net Tangible Assets	166.0M	175.1M	215.7M	181.3M	208.5M	188.4M
Long Term Debt Total	7.4M	5.0M	3.1M	4.8M	4.3M	4.4M
Capital Surpluse	51.2M	54.0M	88.9M	89.2M	102.5M	62.6M

Pair Trading with IT Tech

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if IT Tech position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in IT Tech will appreciate offsetting losses from the drop in the long position's value.

Moving against ITP Stock

0.6	SLVM	Sylvamo Corp	Pair Corr
0.6	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.53	AA	Alcoa Corp	Pair Corr
0.46	CC	Chemours	Pair Corr
0.41	IE	Ivanhoe Electric	Pair Corr

The ability to find closely correlated positions to IT Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IT Tech when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IT Tech - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling IT Tech Packaging to buy it.

The correlation of IT Tech is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IT Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IT Tech Packaging moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for IT Tech can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for ITP Stock Analysis

When running IT Tech's price analysis, check to measure IT Tech's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IT Tech is operating at the current time. Most of IT Tech's value examination focuses on studying past and present price action to predict the probability of IT Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IT Tech's price. Additionally, you may evaluate how the addition of IT Tech to your portfolios can decrease your overall portfolio volatility.

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