Lifeway Non Current Assets Total vs Common Stock Shares Outstanding Analysis

LWAY Stock  USD 24.12  0.14  0.58%   
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 Non Current Assets Total and its Common Stock Shares Outstanding 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.

Non Current Assets Total vs Common Stock Shares Outstanding

Non Current Assets Total vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lifeway Foods Non Current Assets Total account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Lifeway Foods' Non Current Assets Total and Common Stock Shares Outstanding is 0.47. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Common Stock Shares Outstanding 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' Non Current Assets Total and Common Stock Shares Outstanding 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 Lifeway Foods are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Non Current Assets Total i.e., Lifeway Foods' Non Current Assets Total and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.47
Relationship DirectionPositive 
Relationship StrengthWeak

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.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
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
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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

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