Lifeway Net Income vs Change To Inventory Analysis

LWAY Stock  USD 25.27  1.22  5.07%   
Lifeway Foods financial indicator trend analysis is infinitely more than just investigating Lifeway Foods recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lifeway Foods is a good investment. Please check the relationship between Lifeway Foods Net Income and its Change To Inventory accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lifeway Foods. 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.
For more information on how to buy Lifeway Stock please use our How to Invest in Lifeway Foods guide.

Net Income vs Change To Inventory

Net Income vs Change To Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lifeway Foods Net Income account and Change To Inventory. At this time, the significance of the direction appears to have no relationship.
The correlation between Lifeway Foods' Net Income and Change To Inventory is 0.01. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of Lifeway Foods, assuming nothing else is changed. The correlation between historical values of Lifeway Foods' Net Income and Change To Inventory 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 Income of Lifeway Foods are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Net Income i.e., Lifeway Foods' Net Income and Change To Inventory go up and down completely randomly.

Correlation Coefficient

0.01
Relationship DirectionPositive 
Relationship StrengthInsignificant

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Lifeway Foods financial statement analysis. It represents the amount of money remaining after all of Lifeway Foods operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.
Most indicators from Lifeway Foods' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lifeway Foods 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lifeway Foods. 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.
For more information on how to buy Lifeway Stock please use our How to Invest in Lifeway Foods guide.At this time, Lifeway Foods' Tax Provision is fairly stable compared to the past year. Enterprise Value is likely to rise to about 291.7 M in 2024, whereas Selling General Administrative is likely to drop slightly above 8 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit28.7M26.8M42.4M44.6M
Total Revenue119.1M141.6M160.1M168.1M

Lifeway Foods fundamental ratios Correlations

0.40.550.90.990.66-0.310.980.70.970.740.950.430.420.94-0.330.940.760.960.930.170.260.60.660.070.49
0.4-0.30.090.30.490.690.22-0.230.52-0.070.510.480.940.270.060.6-0.040.230.25-0.370.29-0.40.240.16-0.36
0.55-0.30.670.60.22-0.680.660.630.470.640.480.15-0.260.56-0.310.380.70.610.660.21-0.20.860.26-0.180.7
0.90.090.670.90.46-0.550.920.810.810.760.840.250.080.92-0.30.830.890.930.940.190.410.80.64-0.050.67
0.990.30.60.90.66-0.40.990.740.950.780.920.420.330.93-0.320.890.750.960.910.240.20.650.620.110.52
0.660.490.220.460.660.120.650.180.770.20.590.080.450.610.10.610.250.490.48-0.040.180.270.520.56-0.03
-0.310.69-0.68-0.55-0.40.12-0.46-0.83-0.12-0.75-0.210.10.64-0.390.31-0.07-0.55-0.51-0.44-0.510.11-0.77-0.110.2-0.79
0.980.220.660.920.990.65-0.460.770.930.760.890.360.250.95-0.320.870.80.950.920.220.190.730.650.090.54
0.7-0.230.630.810.740.18-0.830.770.520.890.590.08-0.160.72-0.440.550.790.850.750.50.070.790.45-0.240.76
0.970.520.470.810.950.77-0.120.930.520.560.910.470.530.9-0.240.930.640.860.840.090.270.50.660.220.3
0.74-0.070.640.760.780.2-0.750.760.890.560.730.31-0.030.68-0.410.580.650.870.80.420.030.60.25-0.190.81
0.950.510.480.840.920.59-0.210.890.590.910.730.50.490.85-0.220.940.70.920.930.040.320.440.520.00.51
0.430.480.150.250.420.080.10.360.080.470.310.50.380.290.090.410.070.350.350.020.09-0.02-0.130.210.01
0.420.94-0.260.080.330.450.640.25-0.160.53-0.030.490.380.3-0.170.620.060.270.26-0.30.11-0.370.37-0.03-0.3
0.940.270.560.920.930.61-0.390.950.720.90.680.850.290.3-0.380.890.820.920.890.020.290.690.760.030.44
-0.330.06-0.31-0.3-0.320.10.31-0.32-0.44-0.24-0.41-0.220.09-0.17-0.38-0.33-0.46-0.41-0.34-0.170.25-0.29-0.390.58-0.3
0.940.60.380.830.890.61-0.070.870.550.930.580.940.410.620.89-0.330.730.880.89-0.020.380.420.71-0.050.36
0.76-0.040.70.890.750.25-0.550.80.790.640.650.70.070.060.82-0.460.730.830.840.110.210.810.69-0.410.67
0.960.230.610.930.960.49-0.510.950.850.860.870.920.350.270.92-0.410.880.830.950.250.230.660.6-0.110.65
0.930.250.660.940.910.48-0.440.920.750.840.80.930.350.260.89-0.340.890.840.950.140.30.670.55-0.110.65
0.17-0.370.210.190.24-0.04-0.510.220.50.090.420.040.02-0.30.02-0.17-0.020.110.250.14-0.190.33-0.120.060.43
0.260.29-0.20.410.20.180.110.190.070.270.030.320.090.110.290.250.380.210.230.3-0.190.060.390.210.09
0.6-0.40.860.80.650.27-0.770.730.790.50.60.44-0.02-0.370.69-0.290.420.810.660.670.330.060.48-0.070.65
0.660.240.260.640.620.52-0.110.650.450.660.250.52-0.130.370.76-0.390.710.690.60.55-0.120.390.48-0.10.23
0.070.16-0.18-0.050.110.560.20.09-0.240.22-0.190.00.21-0.030.030.58-0.05-0.41-0.11-0.110.060.21-0.07-0.1-0.39
0.49-0.360.70.670.52-0.03-0.790.540.760.30.810.510.01-0.30.44-0.30.360.670.650.650.430.090.650.23-0.39
Click cells to compare fundamentals

Lifeway Foods Account Relationship Matchups

Lifeway Foods fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets57.0M60.1M70.9M69.0M81.7M85.7M
Short Long Term Debt Total6.0M3.5M3.1M6.7M2.9M4.3M
Other Current Liab4.0M1.7M725K3.3M4.8M5.1M
Total Current Liabilities9.5M8.4M12.1M13.0M16.6M17.4M
Total Stockholder Equity43.3M46.9M49.1M47.6M60.4M63.5M
Property Plant And Equipment Net23.0M21.4M20.3M21.1M23.0M11.9M
Net Debt3.0M(318K)(4.8M)2.2M(10.3M)(9.8M)
Retained Earnings47.0M50.2M53.5M54.4M65.8M69.1M
Cash3.8M7.9M9.2M4.4M13.2M13.9M
Non Current Assets Total37.8M36.0M41.8M42.0M43.5M45.6M
Cash And Short Term Investments3.0M3.8M7.9M4.4M13.2M13.9M
Net Receivables7.4M8.0M9.9M11.5M13.9M14.6M
Common Stock Shares Outstanding15.8M15.8M15.4M15.7M15.1M17.5M
Liabilities And Stockholders Equity56.8M57.0M60.1M69.0M81.7M85.7M
Non Current Liabilities Total4.2M4.8M9.7M8.4M4.6M4.9M
Inventory6.4M6.9M8.3M9.6M9.1M9.6M
Other Stockholder Equity16.0M(10.2M)(9.9M)(13.4M)(11.9M)(11.3M)
Total Liab13.7M13.2M21.7M21.4M21.2M22.3M
Property Plant And Equipment Gross23.0M21.4M53.7M56.7M60.9M64.0M
Total Current Assets19.2M24.1M29.0M27.0M38.2M40.1M
Accounts Payable5.3M5.6M6.6M8.0M10.0M10.5M
Other Current Assets1.6M1.2M1.3M1.4M2.0M2.1M
Intangible Assets3.9M3.7M8.0M7.4M6.9M3.7M
Long Term Debt2.7M2.8M6.2M5.3M1.5M1.4M
Property Plant Equipment22.3M21.4M20.3M20.9M24.0M16.2M
Treasury Stock(11.8M)(13.0M)(12.6M)(12.5M)(11.2M)(10.6M)
Net Tangible Assets30.3M34.0M29.4M28.4M32.7M30.6M
Retained Earnings Total Equity46.6M47.0M50.2M54.4M62.6M50.5M
Long Term Debt Total6.0M2.7M2.8M5.3M4.7M4.4M
Capital Surpluse2.3M2.4M2.6M3.6M4.2M2.6M
Deferred Long Term Liab390K922K1.8M3.0M2.7M1.6M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Tools for Lifeway Stock Analysis

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