NEXE Free Cash Flow Yield vs Capex To Revenue Analysis

NEXE Stock  CAD 0.40  0.01  2.44%   
NEXE Innovations financial indicator trend analysis is infinitely more than just investigating NEXE Innovations recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NEXE Innovations is a good investment. Please check the relationship between NEXE Innovations Free Cash Flow Yield and its Capex To Revenue accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NEXE Innovations. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Free Cash Flow Yield vs Capex To Revenue

Free Cash Flow Yield vs Capex To Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NEXE Innovations Free Cash Flow Yield account and Capex To Revenue. At this time, the significance of the direction appears to have no relationship.
The correlation between NEXE Innovations' Free Cash Flow Yield and Capex To Revenue is 0.05. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Capex To Revenue in the same time period over historical financial statements of NEXE Innovations, assuming nothing else is changed. The correlation between historical values of NEXE Innovations' Free Cash Flow Yield and Capex To Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of NEXE Innovations are associated (or correlated) with its Capex To Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Revenue has no effect on the direction of Free Cash Flow Yield i.e., NEXE Innovations' Free Cash Flow Yield and Capex To Revenue go up and down completely randomly.

Correlation Coefficient

0.05
Relationship DirectionPositive 
Relationship StrengthInsignificant

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Capex To Revenue

The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.
Most indicators from NEXE Innovations' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NEXE Innovations 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 NEXE Innovations. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
Selling General Administrative is likely to climb to about 6.8 M in 2024, whereas Discontinued Operations is likely to drop (102.1 K) in 2024.
 2021 2022 2023 2024 (projected)
Reconciled Depreciation672.8K987.6K1.1M648.6K
Total Operating Expenses7.9M5.7M6.6M7.5M

NEXE Innovations fundamental ratios Correlations

0.99-0.940.86-0.210.850.960.990.750.990.990.810.840.750.62-0.90.970.32-0.460.640.970.990.820.620.990.94
0.99-0.930.83-0.20.810.980.990.731.01.00.780.850.730.6-0.870.960.4-0.390.590.981.00.790.630.990.96
-0.94-0.93-0.950.51-0.94-0.85-0.96-0.91-0.94-0.94-0.91-0.66-0.88-0.830.96-0.97-0.370.63-0.8-0.9-0.93-0.92-0.37-0.97-0.84
0.860.83-0.95-0.550.990.740.870.960.850.860.890.60.850.86-0.980.930.13-0.750.930.830.850.890.310.90.75
-0.21-0.20.51-0.55-0.6-0.01-0.32-0.74-0.22-0.22-0.70.27-0.77-0.880.52-0.4-0.320.71-0.66-0.13-0.21-0.680.59-0.35-0.01
0.850.81-0.940.99-0.60.710.860.960.830.830.890.540.870.89-0.950.910.21-0.740.90.790.830.90.230.880.71
0.960.98-0.850.74-0.010.710.930.610.980.970.630.930.560.45-0.780.90.36-0.220.470.990.980.650.770.930.99
0.990.99-0.960.87-0.320.860.930.80.980.980.860.770.820.69-0.920.980.39-0.510.670.960.980.870.521.00.92
0.750.73-0.910.96-0.740.960.610.80.760.760.920.410.910.96-0.940.870.21-0.80.940.710.760.920.080.830.61
0.991.0-0.940.85-0.220.830.980.980.761.00.770.860.720.63-0.880.970.38-0.390.620.991.00.780.640.990.97
0.991.0-0.940.86-0.220.830.970.980.761.00.780.860.720.63-0.880.970.38-0.40.630.991.00.790.630.990.97
0.810.78-0.910.89-0.70.890.630.860.920.770.780.380.990.89-0.940.890.29-0.820.830.70.771.00.060.860.6
0.840.85-0.660.60.270.540.930.770.410.860.860.380.290.19-0.620.740.11-0.060.360.910.860.40.940.780.95
0.750.73-0.880.85-0.770.870.560.820.910.720.720.990.290.91-0.90.850.35-0.820.810.640.710.99-0.040.820.53
0.620.6-0.830.86-0.880.890.450.690.960.630.630.890.190.91-0.820.760.36-0.760.860.560.620.88-0.160.720.45
-0.9-0.870.96-0.980.52-0.95-0.78-0.92-0.94-0.88-0.88-0.94-0.62-0.9-0.82-0.96-0.130.78-0.9-0.84-0.88-0.94-0.34-0.93-0.77
0.970.96-0.970.93-0.40.910.90.980.870.970.970.890.740.850.76-0.960.32-0.590.770.950.970.90.470.990.89
0.320.4-0.370.13-0.320.210.360.390.210.380.380.290.110.350.36-0.130.320.22-0.130.340.380.29-0.050.380.35
-0.46-0.390.63-0.750.71-0.74-0.22-0.51-0.8-0.39-0.4-0.82-0.06-0.82-0.760.78-0.590.22-0.9-0.33-0.39-0.820.2-0.52-0.2
0.640.59-0.80.93-0.660.90.470.670.940.620.630.830.360.810.86-0.90.77-0.13-0.90.590.620.840.070.70.48
0.970.98-0.90.83-0.130.790.990.960.710.990.990.70.910.640.56-0.840.950.34-0.330.590.990.720.70.970.99
0.991.0-0.930.85-0.210.830.980.980.761.01.00.770.860.710.62-0.880.970.38-0.390.620.990.780.640.990.97
0.820.79-0.920.89-0.680.90.650.870.920.780.791.00.40.990.88-0.940.90.29-0.820.840.720.780.090.870.62
0.620.63-0.370.310.590.230.770.520.080.640.630.060.94-0.04-0.16-0.340.47-0.050.20.070.70.640.090.520.79
0.990.99-0.970.9-0.350.880.931.00.830.990.990.860.780.820.72-0.930.990.38-0.520.70.970.990.870.520.92
0.940.96-0.840.75-0.010.710.990.920.610.970.970.60.950.530.45-0.770.890.35-0.20.480.990.970.620.790.92
Click cells to compare fundamentals

NEXE Innovations Account Relationship Matchups

NEXE Innovations fundamental ratios Accounts

201920202021202220232024 (projected)
Total Current Liabilities888.2K3.9M3.0M3.2M3.7M2.5M
Net Tangible Assets4.8M52.3M44.7M39.4M45.3M31.7M
Retained Earnings(5.9M)(23.1M)(31.4M)(37.5M)(33.8M)(32.1M)
Accounts Payable664.8K1.5M1.6M2.9M3.3M3.5M
Net Receivables274.8K603.4K16.0K342.0307.8292.41
Other Stockholder Equity836.6K819.8K1.4M2.1M2.5M2.6M
Total Current Assets3.6M53.4M34.7M26.2M30.1M26.2M
Common Stock11.1M66.7M66.9M66.2M76.1M48.1M
Property Plant Equipment2.6M4.1M12.1M17.1M19.6M20.6M

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