Inotiv Total Liab vs Good Will Analysis

NOTV Stock  USD 3.59  0.18  5.28%   
Inotiv financial indicator trend analysis is infinitely more than just investigating Inotiv Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Inotiv Inc is a good investment. Please check the relationship between Inotiv Total Liab and its Good Will accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Inotiv Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Total Liab vs Good Will

Total Liab vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Inotiv Inc Total Liab account and Good Will. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Inotiv's Total Liab and Good Will is -0.02. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Good Will in the same time period over historical financial statements of Inotiv Inc, assuming nothing else is changed. The correlation between historical values of Inotiv's Total Liab and Good Will 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 Liab of Inotiv Inc are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Total Liab i.e., Inotiv's Total Liab and Good Will go up and down completely randomly.

Correlation Coefficient

-0.02
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Most indicators from Inotiv's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Inotiv Inc 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 Inotiv Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
At this time, Inotiv's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.29 in 2024, despite the fact that Issuance Of Capital Stock is likely to grow to (855.00).
 2021 2022 2023 2024 (projected)
Gross Profit157.2M165.4M190.3M199.8M
Total Revenue547.7M572.4M658.3M691.2M

Inotiv fundamental ratios Correlations

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0.990.980.940.980.971.0-0.991.00.310.990.990.310.990.980.990.990.851.00.991.00.920.881.00.920.97
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0.980.990.920.970.971.01.0-0.980.330.990.990.330.990.990.990.980.831.00.991.00.920.860.990.930.98
0.430.470.270.410.410.360.31-0.270.330.350.271.00.390.420.440.250.390.330.430.360.650.460.30.460.47
1.00.990.970.990.991.00.99-0.980.990.351.00.351.00.980.990.990.91.00.991.00.940.911.00.930.98
0.990.970.970.980.980.990.99-0.980.990.271.00.270.990.960.981.00.890.990.980.990.910.891.00.90.95
0.430.470.270.410.410.360.31-0.270.331.00.350.270.390.420.440.250.390.330.430.360.650.460.30.460.47
1.00.990.961.00.991.00.99-0.970.990.391.00.990.390.991.00.990.90.991.01.00.950.920.990.940.98
0.980.990.910.980.960.990.98-0.960.990.420.980.960.420.990.990.950.840.980.990.990.950.890.970.971.0
1.01.00.930.990.981.00.99-0.970.990.440.990.980.441.00.990.970.870.991.01.00.960.90.990.940.99
0.980.960.980.980.980.980.99-0.980.980.250.991.00.250.990.950.970.90.990.980.980.90.91.00.90.95
0.90.860.970.920.940.850.85-0.830.830.390.90.890.390.90.840.870.90.860.880.850.890.950.880.820.86
0.990.990.950.980.981.01.0-0.981.00.331.00.990.330.990.980.990.990.860.991.00.930.881.00.930.98
1.01.00.940.990.991.00.99-0.970.990.430.990.980.431.00.991.00.980.880.991.00.970.920.990.940.99
0.990.990.940.990.981.01.0-0.981.00.361.00.990.361.00.991.00.980.851.01.00.940.890.990.940.98
0.970.970.890.960.960.940.92-0.890.920.650.940.910.650.950.950.960.90.890.930.970.940.920.920.920.96
0.920.90.940.950.940.890.88-0.850.860.460.910.890.460.920.890.90.90.950.880.920.890.920.890.880.91
0.990.980.960.980.990.991.0-0.980.990.31.01.00.30.990.970.991.00.881.00.990.990.920.890.910.97
0.930.940.870.940.920.940.92-0.90.930.460.930.90.460.940.970.940.90.820.930.940.940.920.880.910.98
0.980.990.920.980.970.980.97-0.950.980.470.980.950.470.981.00.990.950.860.980.990.980.960.910.970.98
Click cells to compare fundamentals

Inotiv Account Relationship Matchups

Inotiv fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets61.6M321.9M962.9M856.5M985.0M1.0B
Short Long Term Debt Total36.4M174.2M386.5M417.6M480.3M504.3M
Other Current Liab6.4M8.9M103.2M57.9M66.5M69.9M
Total Current Liabilities31.6M55.1M164.1M132.2M152.0M159.6M
Total Stockholder Equity7.6M105.1M360.4M269.2M309.5M325.0M
Property Plant And Equipment Net37.5M56.4M218.7M229.9M264.4M277.6M
Net Debt35.0M35.3M368.0M382.1M439.5M461.4M
Retained Earnings(21.9M)(11.0M)(348.3M)(453.3M)(408.0M)(387.6M)
Accounts Payable3.2M6.2M28.7M32.6M37.4M39.3M
Cash1.4M138.9M18.5M35.5M40.8M42.9M
Non Current Assets Total46.3M132.8M729.9M642.7M739.1M776.1M
Non Currrent Assets Other156K281K7.5M6.4M7.4M7.7M
Cash And Short Term Investments1.4M138.9M18.5M35.5M40.8M42.9M
Net Receivables10.8M28.4M100.1M90.4M104.0M109.2M
Common Stock Shares Outstanding10.9M13.9M24.4M25.6M29.5M31.0M
Liabilities And Stockholders Equity61.6M321.9M962.9M856.5M985.0M1.0B
Non Current Liabilities Total22.4M161.6M439.0M455.8M524.2M550.4M
Inventory700K602K71.4M56.1M64.5M67.7M
Other Current Assets2.4M21.1M76.8M31.8M36.6M38.4M
Other Stockholder Equity26.8M112.2M707.8M715.7M823.1M864.2M
Total Liab54.0M216.7M603.1M588.0M676.2M710.1M
Property Plant And Equipment Gross37.5M56.4M218.7M229.9M264.4M277.6M
Total Current Assets15.3M189.0M233.0M213.8M245.9M258.2M
Short Term Debt12.5M13.4M31.0M18.2M21.0M22.0M
Intangible Assets4.3M24.2M345.9M308.4M354.7M372.4M
Common Stock2.7M3.9M6.4M6.4M7.4M7.7M
Common Stock Total Equity2.6M2.7M3.9M6.4M7.3M7.7M
Current Deferred Revenue11.4M26.6M68.6M18.9M17.0M16.2M
Good Will4.4M51.9M157.8M94.3M84.9M55.3M
Net Tangible Assets4.2M(1.1M)29.0M(143.3M)(129.0M)(122.6M)
Other Assets231K8.9M281K7.4M8.6M9.0M
Long Term Debt18.8M154.2M330.7M369.8M425.3M446.5M
Capital Lease Obligations9.0M8.6M32.8M39.9M45.9M48.2M
Net Invested Capital35.0M270.7M714.0M646.9M743.9M781.1M
Short Long Term Debt8.6M11.4M23.0M8.0M9.1M8.6M
Net Working Capital(16.3M)133.9M68.9M81.6M93.9M98.5M
Property Plant Equipment22.8M37.5M48.0M186.2M214.1M224.8M
Capital Stock2.7M3.9M6.4M6.4M7.4M4.5M

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