NanoVibronix Operating Income vs Gross Profit Analysis

NAOV Stock

USD 0.71 0.02 2.90%

NanoVibronix financial indicator trend analysis is infinitely more than just investigating NanoVibronix recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NanoVibronix is a good investment. Please check the relationship between NanoVibronix Operating Income and its Gross Profit accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NanoVibronix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy NanoVibronix Stock please use our How to Invest in NanoVibronix guide.

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NanoVibronix Operating Income account and Gross Profit. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between NanoVibronix's Operating Income and Gross Profit is -0.36. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of NanoVibronix, assuming nothing else is changed. The correlation between historical values of NanoVibronix's Operating Income and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of NanoVibronix are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Operating Income i.e., NanoVibronix's Operating Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

-0.36

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Operating Income

Operating Income is the amount of profit realized from NanoVibronix operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of NanoVibronix is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of NanoVibronix minus its cost of goods sold. It is profit before NanoVibronix operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Most indicators from NanoVibronix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NanoVibronix 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 NanoVibronix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy NanoVibronix Stock please use our How to Invest in NanoVibronix guide.At this time, NanoVibronix's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 0.39 in 2024, whereas Selling General Administrative is likely to drop slightly above 2.4 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	770K	167K	1.5M	1.6M
Total Revenue	1.7M	752K	2.3M	2.4M

Gross Profit Total Revenue

NanoVibronix fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Inventory	Other Liab	Current Deferred Revenue
Total Assets		-0.53	0.83	0.24	0.83	0.42	-0.9	-0.79	0.43	0.95	-0.11	-0.23	0.95	0.52	-0.41	0.66	-0.17	0.61	0.86	0.14	0.22	1.0	-0.2	0.4	0.09	0.01
Short Long Term Debt Total	-0.53		-0.4	0.55	-0.78	-0.01	0.78	0.58	-0.45	-0.5	0.57	0.57	-0.5	-0.4	-0.07	-0.45	0.03	-0.34	-0.62	0.54	0.05	-0.55	0.73	-0.33	-0.16	-0.47
Other Current Liab	0.83	-0.4		0.44	0.66	0.36	-0.68	-0.88	0.38	0.69	-0.03	-0.14	0.69	0.71	-0.59	0.85	-0.18	0.59	0.79	0.34	0.17	0.82	-0.08	0.73	0.12	-0.15
Total Current Liabilities	0.24	0.55	0.44		-0.19	0.18	0.12	-0.22	0.13	0.15	0.76	0.68	0.15	0.15	-0.32	0.22	-0.23	0.22	0.17	0.84	0.08	0.21	0.7	0.2	0.07	-0.29
Total Stockholder Equity	0.83	-0.78	0.66	-0.19		0.26	-0.9	-0.81	0.41	0.79	-0.4	-0.47	0.79	0.67	-0.22	0.74	-0.38	0.38	0.82	-0.39	0.2	0.84	-0.52	0.52	-0.21	0.02
Property Plant And Equipment Net	0.42	-0.01	0.36	0.18	0.26		-0.24	-0.3	-0.36	0.33	-0.09	-0.28	0.33	-0.05	-0.59	0.32	-0.02	0.64	0.39	0.16	0.92	0.43	-0.07	0.19	-0.11	-0.49
Net Debt	-0.9	0.78	-0.68	0.12	-0.9	-0.24		0.7	-0.48	-0.93	0.31	0.39	-0.93	-0.47	0.21	-0.55	0.05	-0.51	-0.76	0.14	-0.05	-0.91	0.45	-0.27	-0.19	-0.28
Retained Earnings	-0.79	0.58	-0.88	-0.22	-0.81	-0.3	0.7		-0.48	-0.61	0.13	0.21	-0.61	-0.83	0.34	-0.94	0.49	-0.49	-0.94	0.05	-0.24	-0.78	0.21	-0.79	0.16	0.09
Accounts Payable	0.43	-0.45	0.38	0.13	0.41	-0.36	-0.48	-0.48		0.4	0.25	0.29	0.4	0.35	0.45	0.25	-0.28	0.19	0.5	-0.04	-0.46	0.41	0.07	0.16	0.1	0.61
Cash	0.95	-0.5	0.69	0.15	0.79	0.33	-0.93	-0.61	0.4		-0.1	-0.21	1.0	0.39	-0.32	0.47	-0.03	0.52	0.69	0.12	0.11	0.95	-0.21	0.15	0.19	0.12
Non Current Assets Total	-0.11	0.57	-0.03	0.76	-0.4	-0.09	0.31	0.13	0.25	-0.1		0.98	-0.1	-0.21	0.2	-0.19	-0.27	-0.06	-0.15	0.57	-0.07	-0.15	0.67	-0.21	0.03	0.05
Non Currrent Assets Other	-0.23	0.57	-0.14	0.68	-0.47	-0.28	0.39	0.21	0.29	-0.21	0.98		-0.21	-0.21	0.33	-0.27	-0.27	-0.21	-0.24	0.5	-0.24	-0.26	0.66	-0.24	0.03	0.14
Cash And Short Term Investments	0.95	-0.5	0.69	0.15	0.79	0.33	-0.93	-0.61	0.4	1.0	-0.1	-0.21		0.39	-0.32	0.47	-0.03	0.52	0.69	0.12	0.11	0.95	-0.21	0.15	0.19	0.12
Net Receivables	0.52	-0.4	0.71	0.15	0.67	-0.05	-0.47	-0.83	0.35	0.39	-0.21	-0.21	0.39		-0.36	0.9	-0.53	0.01	0.66	-0.13	-0.02	0.52	-0.16	0.81	-0.33	-0.28
Common Stock Total Equity	-0.41	-0.07	-0.59	-0.32	-0.22	-0.59	0.21	0.34	0.45	-0.32	0.2	0.33	-0.32	-0.36		-0.53	-0.18	-0.25	-0.26	-0.42	-0.47	-0.42	0.07	-0.48	-0.09	0.68
Common Stock Shares Outstanding	0.66	-0.45	0.85	0.22	0.74	0.32	-0.55	-0.94	0.25	0.47	-0.19	-0.27	0.47	0.9	-0.53		-0.5	0.3	0.81	-0.05	0.32	0.66	-0.19	0.91	-0.28	-0.36
Non Current Liabilities Total	-0.17	0.03	-0.18	-0.23	-0.38	-0.02	0.05	0.49	-0.28	-0.03	-0.27	-0.27	-0.03	-0.53	-0.18	-0.5		0.11	-0.43	0.34	-0.24	-0.16	-0.04	-0.47	0.8	0.29
Other Current Assets	0.61	-0.34	0.59	0.22	0.38	0.64	-0.51	-0.49	0.19	0.52	-0.06	-0.21	0.52	0.01	-0.25	0.3	0.11		0.58	0.28	0.38	0.61	-0.14	0.2	0.3	0.14
Other Stockholder Equity	0.86	-0.62	0.79	0.17	0.82	0.39	-0.76	-0.94	0.5	0.69	-0.15	-0.24	0.69	0.66	-0.26	0.81	-0.43	0.58		-0.08	0.31	0.86	-0.25	0.61	-0.12	0.0
Total Liab	0.14	0.54	0.34	0.84	-0.39	0.16	0.14	0.05	-0.04	0.12	0.57	0.5	0.12	-0.13	-0.42	-0.05	0.34	0.28	-0.08		-0.06	0.11	0.64	-0.05	0.52	-0.12
Property Plant And Equipment Gross	0.22	0.05	0.17	0.08	0.2	0.92	-0.05	-0.24	-0.46	0.11	-0.07	-0.24	0.11	-0.02	-0.47	0.32	-0.24	0.38	0.31	-0.06		0.23	-0.05	0.23	-0.37	-0.61
Total Current Assets	1.0	-0.55	0.82	0.21	0.84	0.43	-0.91	-0.78	0.41	0.95	-0.15	-0.26	0.95	0.52	-0.42	0.66	-0.16	0.61	0.86	0.11	0.23		-0.23	0.4	0.09	0.01
Common Stock	-0.2	0.73	-0.08	0.7	-0.52	-0.07	0.45	0.21	0.07	-0.21	0.67	0.66	-0.21	-0.16	0.07	-0.19	-0.04	-0.14	-0.25	0.64	-0.05	-0.23		-0.16	0.04	-0.15
Inventory	0.4	-0.33	0.73	0.2	0.52	0.19	-0.27	-0.79	0.16	0.15	-0.21	-0.24	0.15	0.81	-0.48	0.91	-0.47	0.2	0.61	-0.05	0.23	0.4	-0.16		-0.31	-0.38
Other Liab	0.09	-0.16	0.12	0.07	-0.21	-0.11	-0.19	0.16	0.1	0.19	0.03	0.03	0.19	-0.33	-0.09	-0.28	0.8	0.3	-0.12	0.52	-0.37	0.09	0.04	-0.31		0.58
Current Deferred Revenue	0.01	-0.47	-0.15	-0.29	0.02	-0.49	-0.28	0.09	0.61	0.12	0.05	0.14	0.12	-0.28	0.68	-0.36	0.29	0.14	0.0	-0.12	-0.61	0.01	-0.15	-0.38	0.58

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NanoVibronix Account Relationship Matchups

NanoVibronix fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.0M	8.2M	8.6M	5.9M	6.7M	3.7M
Other Current Liab	280K	2.5M	1.7M	2.1M	2.3M	2.4M
Total Current Liabilities	409K	2.9M	1.9M	2.3M	2.5M	1.8M
Total Stockholder Equity	1.3M	2.4M	6.3M	3.2M	4.0M	4.2M
Property Plant And Equipment Net	4K	35K	54K	88K	12K	11.4K
Net Debt	(1.3M)	(7.1M)	(7.7M)	(2.6M)	(3.3M)	(3.1M)
Retained Earnings	(38.3M)	(42.7M)	(56.9M)	(62.4M)	(66.1M)	(62.8M)
Accounts Payable	129K	144K	87K	66K	138K	103.5K
Cash	1.3M	7.1M	7.7M	2.7M	3.3M	2.6M
Non Current Assets Total	198K	259K	280K	270K	187K	228.2K
Non Currrent Assets Other	194K	200K	207K	179K	175K	205.1K
Cash And Short Term Investments	1.3M	7.1M	7.7M	2.7M	3.3M	2.6M
Net Receivables	130K	93K	264K	109K	425K	446.3K
Common Stock Shares Outstanding	347.0K	514.9K	1.3M	1.4M	1.8M	1.8M
Liabilities And Stockholders Equity	2.0M	8.2M	8.6M	5.9M	6.7M	3.7M
Non Current Liabilities Total	279K	2.9M	406K	330K	232K	220.4K
Other Current Assets	249K	590K	166K	612K	47K	44.7K
Other Stockholder Equity	39.7M	45.0M	63.2M	65.6M	70.1M	36.5M
Total Liab	688K	5.8M	2.3M	2.6M	2.7M	2.2M
Property Plant And Equipment Gross	4K	4.0	54K	88K	12K	11.4K
Total Current Assets	1.8M	8.0M	8.3M	5.6M	6.5M	3.3M
Accumulated Other Comprehensive Income	(54K)	66K	60K	(18K)	(67K)	(70.4K)
Inventory	121K	145K	175K	2.2M	2.7M	2.9M
Other Liab	279K	2.9M	406K	330K	297K	282.2K
Other Assets	194K	255.0	208K	179K	161.1K	216.3K
Net Tangible Assets	1.3M	2.4M	6.3M	3.2M	3.7M	3.9M
Capital Surpluse	32.0M	33.0M	39.7M	45.0M	51.7M	31.5M
Retained Earnings Total Equity	(28.4M)	(32.6M)	(38.3M)	(42.7M)	(38.4M)	(40.3M)
Non Current Liabilities Other	434K	477K	279K	462K	415.8K	796.7K
Net Invested Capital	1.3M	2.4M	6.3M	3.2M	4.0M	3.4M
Net Working Capital	1.4M	5.1M	6.4M	3.3M	4.0M	3.9M
Capital Stock	9K	24K	28K	2K	1.8K	1.7K

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