Inventronics Net Tangible Assets vs Net Invested Capital Analysis

IVX Stock  CAD 0.74  0.05  7.25%   
Inventronics financial indicator trend analysis is infinitely more than just investigating Inventronics recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Inventronics is a good investment. Please check the relationship between Inventronics Net Tangible Assets and its Net Invested Capital accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Inventronics. 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.

Net Tangible Assets vs Net Invested Capital

Net Tangible Assets vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Inventronics Net Tangible Assets account and Net Invested Capital. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Inventronics' Net Tangible Assets and Net Invested Capital is 0.95. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Inventronics, assuming nothing else is changed. The correlation between historical values of Inventronics' Net Tangible Assets and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Inventronics are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Net Tangible Assets i.e., Inventronics' Net Tangible Assets and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Most indicators from Inventronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Inventronics 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 Inventronics. 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.
At this time, Inventronics' Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 7.70 in 2024, whereas Tax Provision is likely to drop slightly above 108.2 K in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit2.3M4.1M1.7M1.7M
Total Revenue9.8M14.2M8.9M7.9M

Inventronics fundamental ratios Correlations

-0.690.390.980.930.960.450.870.060.710.260.890.90.52-0.630.98-0.980.75-0.920.880.990.98-0.75-0.95-0.750.82
-0.69-0.04-0.74-0.73-0.72-0.33-0.580.15-0.48-0.05-0.64-0.44-0.080.94-0.680.65-0.470.73-0.62-0.7-0.720.750.660.75-0.56
0.39-0.040.280.220.340.870.09-0.260.75-0.210.540.370.69-0.030.48-0.41-0.08-0.150.380.270.290.1-0.450.10.0
0.98-0.740.280.930.950.380.84-0.050.680.160.90.890.35-0.680.97-0.960.71-0.920.840.990.99-0.84-0.93-0.840.78
0.93-0.730.220.930.990.360.870.150.610.290.810.810.4-0.680.88-0.910.79-0.980.960.950.93-0.82-0.94-0.820.84
0.96-0.720.340.950.990.460.860.070.680.220.880.850.45-0.650.93-0.950.74-0.960.960.960.95-0.79-0.98-0.790.8
0.45-0.330.870.380.360.460.18-0.440.77-0.340.620.270.48-0.350.52-0.49-0.11-0.270.450.340.35-0.17-0.56-0.17-0.02
0.87-0.580.090.840.870.860.180.430.350.580.590.730.51-0.50.76-0.890.92-0.830.840.90.82-0.64-0.86-0.640.91
0.060.15-0.26-0.050.150.07-0.440.43-0.40.95-0.320.040.480.19-0.09-0.060.63-0.160.250.11-0.010.16-0.060.160.56
0.71-0.480.750.680.610.680.770.35-0.4-0.240.80.70.45-0.50.8-0.640.22-0.570.60.630.69-0.41-0.67-0.410.31
0.26-0.05-0.210.160.290.22-0.340.580.95-0.24-0.160.160.56-0.060.12-0.240.74-0.320.360.30.2-0.03-0.2-0.030.72
0.89-0.640.540.90.810.880.620.59-0.320.8-0.160.810.33-0.590.94-0.880.4-0.810.780.850.9-0.74-0.89-0.740.51
0.9-0.440.370.890.810.850.270.730.040.70.160.810.43-0.350.9-0.850.71-0.80.760.90.9-0.6-0.82-0.60.73
0.52-0.080.690.350.40.450.480.510.480.450.560.330.43-0.070.49-0.520.48-0.370.580.450.390.06-0.530.060.53
-0.630.94-0.03-0.68-0.68-0.65-0.35-0.50.19-0.5-0.06-0.59-0.35-0.07-0.640.57-0.380.71-0.55-0.63-0.680.780.570.78-0.52
0.98-0.680.480.970.880.930.520.76-0.090.80.120.940.90.49-0.64-0.940.63-0.890.840.960.98-0.74-0.92-0.740.73
-0.980.65-0.41-0.96-0.91-0.95-0.49-0.89-0.06-0.64-0.24-0.88-0.85-0.520.57-0.94-0.720.87-0.89-0.97-0.940.720.980.72-0.78
0.75-0.47-0.080.710.790.74-0.110.920.630.220.740.40.710.48-0.380.63-0.72-0.790.760.810.73-0.52-0.69-0.520.97
-0.920.73-0.15-0.92-0.98-0.96-0.27-0.83-0.16-0.57-0.32-0.81-0.8-0.370.71-0.890.87-0.79-0.92-0.94-0.940.870.890.87-0.87
0.88-0.620.380.840.960.960.450.840.250.60.360.780.760.58-0.550.84-0.890.76-0.920.890.85-0.66-0.95-0.660.81
0.99-0.70.270.990.950.960.340.90.110.630.30.850.90.45-0.630.96-0.970.81-0.940.890.98-0.79-0.94-0.790.86
0.98-0.720.290.990.930.950.350.82-0.010.690.20.90.90.39-0.680.98-0.940.73-0.940.850.98-0.83-0.91-0.830.81
-0.750.750.1-0.84-0.82-0.79-0.17-0.640.16-0.41-0.03-0.74-0.60.060.78-0.740.72-0.520.87-0.66-0.79-0.830.711.0-0.62
-0.950.66-0.45-0.93-0.94-0.98-0.56-0.86-0.06-0.67-0.2-0.89-0.82-0.530.57-0.920.98-0.690.89-0.95-0.94-0.910.710.71-0.74
-0.750.750.1-0.84-0.82-0.79-0.17-0.640.16-0.41-0.03-0.74-0.60.060.78-0.740.72-0.520.87-0.66-0.79-0.831.00.71-0.62
0.82-0.560.00.780.840.8-0.020.910.560.310.720.510.730.53-0.520.73-0.780.97-0.870.810.860.81-0.62-0.74-0.62
Click cells to compare fundamentals

Inventronics Account Relationship Matchups

Inventronics fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.3M3.7M5.2M6.0M6.1M4.7M
Other Current Liab95K82K62K42K37.8K61.6K
Total Current Liabilities527K354K892K1.1M607K808.0K
Total Stockholder Equity621K1.3M2.3M2.9M2.8M1.5M
Net Tangible Assets426K621K1.3M2.3M2.6M2.8M
Retained Earnings(1.8M)(1.2M)929K1.3M1.1M1.2M
Accounts Payable302K148K685K619K227K442.6K
Non Current Assets Total2.1M2.3M2.8M2.5M3.2M2.7M
Long Term Debt2.1M2.1M2.0M2.0M2.4M2.4M
Net Receivables307K623K846K1.3M574K747.0K
Non Current Liabilities Total2.1M2.1M2.0M2.0M2.7M2.4M
Inventory772K652K1.3M1.9M1.0M995.9K
Other Current Assets16K26K27K37K33K27.2K
Total Liab2.7M2.4M2.9M3.1M3.3M3.2M
Total Current Assets1.1M1.4M2.4M3.5M2.9M2.0M
Property Plant Equipment2.2M2.1M2.3M2.3M2.6M2.5M
Net Debt2.1M1.9M1.8M1.6M1.5M1.5M
Net Invested Capital2.7M3.4M4.3M4.9M5.3M4.1M
Net Working Capital620K1.1M1.5M2.4M2.3M1.4M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Inventronics Stock Analysis

When running Inventronics' price analysis, check to measure Inventronics' 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 Inventronics is operating at the current time. Most of Inventronics' value examination focuses on studying past and present price action to predict the probability of Inventronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Inventronics' price. Additionally, you may evaluate how the addition of Inventronics to your portfolios can decrease your overall portfolio volatility.