ICZOOM Total Assets vs Non Current Assets Total Analysis

IZM Stock   2.30  0.02  0.88%   
ICZOOM Group financial indicator trend analysis is infinitely more than just investigating ICZOOM Group Class recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ICZOOM Group Class is a good investment. Please check the relationship between ICZOOM Group 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 ICZOOM Group Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

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 ICZOOM Group Class Total Assets account and Non Current Assets Total. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between ICZOOM Group's Total Assets and Non Current Assets Total is 0.54. 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 ICZOOM Group Class, assuming nothing else is changed. The correlation between historical values of ICZOOM Group'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 ICZOOM Group Class 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., ICZOOM Group's Total Assets and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.54
Relationship DirectionPositive 
Relationship StrengthWeak

Total Assets

Total assets refers to the total amount of ICZOOM Group 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 ICZOOM Group Class 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 ICZOOM Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ICZOOM Group Class 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 ICZOOM Group Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
At this time, ICZOOM Group's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 23rd of November 2024, Enterprise Value is likely to grow to about 48.5 M, though Tax Provision is likely to grow to (62.4 K).
 2021 2023 2024 (projected)
Depreciation And Amortization190.0K854.0K896.7K
Interest Income30.8K35.4K66.0K

ICZOOM Group fundamental ratios Correlations

0.85-0.070.930.660.720.530.70.520.790.750.320.540.53-0.20.420.90.270.1-0.040.450.930.760.781.00.28
0.85-0.330.740.620.670.230.780.550.680.490.520.190.18-0.290.620.680.370.27-0.050.530.740.780.990.850.41
-0.07-0.330.09-0.19-0.390.36-0.7-0.43-0.110.31-0.030.40.50.12-0.150.19-0.510.48-0.4-0.260.09-0.26-0.38-0.08-0.29
0.930.740.090.420.440.360.630.650.570.920.090.390.660.070.230.95-0.040.330.170.161.00.540.70.93-0.04
0.660.62-0.190.420.950.750.480.190.970.260.780.650.23-0.620.710.590.3-0.25-0.520.940.420.970.50.650.86
0.720.67-0.390.440.950.680.620.230.950.190.640.610.16-0.580.610.530.53-0.41-0.350.880.450.950.570.710.82
0.530.230.360.360.750.68-0.01-0.190.820.290.50.980.57-0.40.310.540.17-0.26-0.630.630.370.650.070.520.58
0.70.78-0.70.630.480.62-0.010.850.510.440.13-0.050.13-0.010.290.550.27-0.10.430.340.630.620.790.70.22
0.520.55-0.430.650.190.23-0.190.850.220.65-0.15-0.220.350.4-0.010.6-0.250.190.66-0.030.640.310.590.53-0.2
0.790.68-0.110.570.970.950.820.510.220.390.690.750.39-0.520.620.70.33-0.21-0.460.860.580.970.560.790.76
0.750.490.310.920.260.190.290.440.650.39-0.050.310.760.250.070.93-0.410.460.22-0.030.920.340.450.75-0.25
0.320.52-0.030.090.780.640.50.13-0.150.69-0.050.36-0.15-0.80.910.260.240.12-0.80.90.090.780.440.310.88
0.540.190.40.390.650.610.98-0.05-0.220.750.310.360.62-0.310.180.520.21-0.28-0.550.510.390.560.040.530.46
0.530.180.50.660.230.160.570.130.350.390.76-0.150.620.46-0.290.73-0.380.170.11-0.080.660.220.090.52-0.23
-0.2-0.290.120.07-0.62-0.58-0.4-0.010.4-0.520.25-0.8-0.310.46-0.86-0.02-0.50.20.78-0.80.07-0.58-0.22-0.2-0.84
0.420.62-0.150.230.710.610.310.29-0.010.620.070.910.18-0.29-0.860.320.280.18-0.640.830.230.750.580.420.78
0.90.680.190.950.590.530.540.550.60.70.930.260.520.73-0.020.32-0.180.29-0.020.330.950.660.60.90.12
0.270.37-0.51-0.040.30.530.170.27-0.250.33-0.410.240.21-0.38-0.50.28-0.18-0.51-0.20.41-0.030.340.360.270.51
0.10.270.480.33-0.25-0.41-0.26-0.10.19-0.210.460.12-0.280.170.20.180.29-0.51-0.02-0.270.32-0.120.330.11-0.36
-0.04-0.05-0.40.17-0.52-0.35-0.630.430.66-0.460.22-0.8-0.550.110.78-0.64-0.02-0.2-0.02-0.660.16-0.420.05-0.03-0.71
0.450.53-0.260.160.940.880.630.34-0.030.86-0.030.90.51-0.08-0.80.830.330.41-0.27-0.660.160.910.430.450.97
0.930.740.091.00.420.450.370.630.640.580.920.090.390.660.070.230.95-0.030.320.160.160.540.690.93-0.04
0.760.78-0.260.540.970.950.650.620.310.970.340.780.560.22-0.580.750.660.34-0.12-0.420.910.540.680.760.8
0.780.99-0.380.70.50.570.070.790.590.560.450.440.040.09-0.220.580.60.360.330.050.430.690.680.780.31
1.00.85-0.080.930.650.710.520.70.530.790.750.310.530.52-0.20.420.90.270.11-0.030.450.930.760.780.28
0.280.41-0.29-0.040.860.820.580.22-0.20.76-0.250.880.46-0.23-0.840.780.120.51-0.36-0.710.97-0.040.80.310.28
Click cells to compare fundamentals

ICZOOM Group Account Relationship Matchups

ICZOOM Group fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets60.3M87.5M89.6M88.2M40.0M74.4M
Short Long Term Debt Total12.4M16.9M12.6M14.9M12.2M14.7M
Other Current Liab3.4M1.0M3.7M7.0M878.6K834.6K
Total Current Liabilities57.1M80.1M78.7M72.3M24.6M46.8M
Total Stockholder Equity3.2M7.4M10.5M15.5M15.4M9.9M
Property Plant And Equipment Net115.0K57.0K811.8K988.9K502.4K503.6K
Current Deferred Revenue2.6M5.4M3.7M1.7M3.0M3.3M
Net Debt9.8M13.7M11.4M8.5M9.7M8.3M
Retained Earnings(12.0M)(9.4M)(7.1M)(5.3M)(7.6M)(8.0M)
Accounts Payable38.7M54.4M59.6M51.1M5.3M5.0M
Cash2.6M3.2M1.1M6.4M5.5M3.9M
Non Current Assets Total652.9K586.5K1.2M1.3M843.0K987.6K
Non Currrent Assets Other1.1K7.3K14.5K10.6K1.4K1.4K
Other Assets5.0K39.0K39.2K1.00.90.86
Cash And Short Term Investments4.9M4.1M1.1M6.4M5.5M4.5M
Net Receivables46.1M69.6M77.7M78.0M29.2M27.8M
Liabilities And Stockholders Equity60.3M87.5M89.6M88.2M40.0M74.4M
Inventory1.7M2.5M365.6K2.4M339.3K322.3K
Other Current Assets6.9M10.7M9.2M54.3K4.1M5.0M
Other Stockholder Equity14.0M14.6M14.5M18.8M20.0M17.4M
Total Liab57.1M80.1M79.1M72.6M24.6M46.9M
Net Invested Capital15.6M24.4M22.4M29.6M27.1M24.2M
Short Long Term Debt12.4M16.9M11.9M14.0M11.8M14.4M
Total Current Assets59.7M86.9M88.4M86.9M39.1M73.4M
Accumulated Other Comprehensive Income(333.9K)765.6K1.7M430.7K1.3M1.3M
Net Working Capital2.5M6.8M9.7M14.6M14.5M9.0M
Short Term Debt12.4M16.9M12.1M14.5M12.2M14.6M
Intangible Assets532.9K490.5K378.3K288.4K204.0K317.2K

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When determining whether ICZOOM Group Class is a strong investment it is important to analyze ICZOOM Group's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ICZOOM Group's future performance. For an informed investment choice regarding ICZOOM Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ICZOOM Group Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ICZOOM Group. If investors know ICZOOM will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ICZOOM Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.50)
Earnings Share
(0.22)
Revenue Per Share
17.084
Quarterly Revenue Growth
(0.04)
Return On Assets
(0.01)
The market value of ICZOOM Group Class is measured differently than its book value, which is the value of ICZOOM that is recorded on the company's balance sheet. Investors also form their own opinion of ICZOOM Group's value that differs from its market value or its book value, called intrinsic value, which is ICZOOM Group's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ICZOOM Group's market value can be influenced by many factors that don't directly affect ICZOOM Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ICZOOM Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if ICZOOM Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ICZOOM Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.