NowVertical Change In Working Capital vs Net Income Analysis

NOW Stock

0.32 0.03 8.57%

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

Change In Working Capital vs Net Income

Change In Working Capital vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NowVertical Group Change In Working Capital account and Net Income. At this time, the significance of the direction appears to have pay attention.

The correlation between NowVertical's Change In Working Capital and Net Income is -0.95. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Net Income in the same time period over historical financial statements of NowVertical Group, assuming nothing else is changed. The correlation between historical values of NowVertical's Change In Working Capital and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Working Capital of NowVertical Group are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Change In Working Capital i.e., NowVertical's Change In Working Capital and Net Income go up and down completely randomly.

Correlation Coefficient

-0.95

Relationship Direction	Negative
Relationship Strength	Significant

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Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Net Income

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

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

At this time, NowVertical's Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 13.81 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

	2010	2022	2023	2024 (projected)
Gross Profit	2.3M	11.6M	26.6M	14.8M
Total Revenue	3.2M	27.0M	51.7M	30.0M

Gross Profit Total Revenue

NowVertical fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Other Current Assets	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital
Total Assets		0.94	0.97	-0.08	0.95	0.94	0.89	0.97	-0.98	0.87	0.53	0.99	-0.63	0.9	1.0	0.98	0.97	-0.93	0.97	0.98	0.97	0.89	0.82	0.98	0.97	-0.66
Other Current Liab	0.94		0.87	0.25	1.0	0.96	0.79	0.99	-0.91	0.71	0.76	0.91	-0.44	0.74	0.93	0.92	0.85	-0.96	0.99	0.86	0.97	0.79	0.62	0.97	0.98	-0.4
Total Current Liabilities	0.97	0.87		-0.26	0.87	0.84	0.85	0.91	-0.94	0.9	0.36	1.0	-0.65	0.92	0.99	0.96	0.98	-0.83	0.9	1.0	0.9	0.85	0.93	0.92	0.89	-0.77
Total Stockholder Equity	-0.08	0.25	-0.26		0.24	0.19	-0.2	0.14	0.1	-0.38	0.76	-0.18	0.45	-0.4	-0.13	-0.09	-0.28	-0.22	0.16	-0.27	0.08	-0.2	-0.57	0.07	0.15	0.71
Other Liab	0.95	1.0	0.87	0.24		0.96	0.79	0.99	-0.91	0.71	0.76	0.91	-0.45	0.74	0.93	0.93	0.85	-0.96	0.99	0.87	0.97	0.79	0.63	0.97	0.98	-0.41
Net Tangible Assets	0.94	0.96	0.84	0.19	0.96		0.8	0.98	-0.96	0.79	0.77	0.89	-0.61	0.81	0.91	0.94	0.83	-1.0	0.98	0.84	0.98	0.8	0.58	0.98	0.99	-0.48
Property Plant And Equipment Net	0.89	0.79	0.85	-0.2	0.79	0.8		0.8	-0.87	0.71	0.31	0.87	-0.47	0.8	0.87	0.81	0.94	-0.78	0.83	0.9	0.9	1.0	0.74	0.89	0.82	-0.53
Net Debt	0.97	0.99	0.91	0.14	0.99	0.98	0.8		-0.96	0.81	0.72	0.94	-0.58	0.83	0.96	0.97	0.88	-0.98	1.0	0.9	0.98	0.8	0.68	0.99	1.0	-0.53
Retained Earnings	-0.98	-0.91	-0.94	0.1	-0.91	-0.96	-0.87	-0.96		-0.92	-0.56	-0.96	0.75	-0.94	-0.97	-0.98	-0.93	0.95	-0.95	-0.94	-0.97	-0.87	-0.77	-0.97	-0.97	0.7
Accounts Payable	0.87	0.71	0.9	-0.38	0.71	0.79	0.71	0.81	-0.92		0.31	0.89	-0.92	0.99	0.89	0.93	0.85	-0.78	0.78	0.88	0.8	0.71	0.84	0.81	0.81	-0.91
Cash	0.53	0.76	0.36	0.76	0.76	0.77	0.31	0.72	-0.56	0.31		0.44	-0.18	0.29	0.49	0.56	0.32	-0.78	0.71	0.34	0.66	0.31	0.0	0.65	0.72	0.1
Non Current Assets Total	0.99	0.91	1.0	-0.18	0.91	0.89	0.87	0.94	-0.96	0.89	0.44		-0.65	0.92	1.0	0.98	0.98	-0.88	0.94	0.99	0.94	0.87	0.89	0.95	0.93	-0.73
Non Currrent Assets Other	-0.63	-0.44	-0.65	0.45	-0.45	-0.61	-0.47	-0.58	0.75	-0.92	-0.18	-0.65		-0.89	-0.65	-0.73	-0.6	0.6	-0.53	-0.64	-0.57	-0.47	-0.63	-0.58	-0.59	0.89
Net Receivables	0.9	0.74	0.92	-0.4	0.74	0.81	0.8	0.83	-0.94	0.99	0.29	0.92	-0.89		0.91	0.93	0.9	-0.8	0.8	0.92	0.84	0.8	0.86	0.85	0.83	-0.89
Good Will	1.0	0.93	0.99	-0.13	0.93	0.91	0.87	0.96	-0.97	0.89	0.49	1.0	-0.65	0.91		0.99	0.97	-0.9	0.96	0.99	0.95	0.87	0.86	0.96	0.95	-0.7
Common Stock Shares Outstanding	0.98	0.92	0.96	-0.09	0.93	0.94	0.81	0.97	-0.98	0.93	0.56	0.98	-0.73	0.93	0.99		0.93	-0.93	0.95	0.95	0.95	0.81	0.81	0.96	0.96	-0.72
Non Current Liabilities Total	0.97	0.85	0.98	-0.28	0.85	0.83	0.94	0.88	-0.93	0.85	0.32	0.98	-0.6	0.9	0.97	0.93		-0.82	0.89	0.99	0.92	0.94	0.9	0.92	0.88	-0.72
Capital Lease Obligations	-0.93	-0.96	-0.83	-0.22	-0.96	-1.0	-0.78	-0.98	0.95	-0.78	-0.78	-0.88	0.6	-0.8	-0.9	-0.93	-0.82		-0.98	-0.83	-0.97	-0.78	-0.56	-0.97	-0.99	0.46
Other Current Assets	0.97	0.99	0.9	0.16	0.99	0.98	0.83	1.0	-0.95	0.78	0.71	0.94	-0.53	0.8	0.96	0.95	0.89	-0.98		0.9	0.99	0.83	0.67	0.99	1.0	-0.49
Total Liab	0.98	0.86	1.0	-0.27	0.87	0.84	0.9	0.9	-0.94	0.88	0.34	0.99	-0.64	0.92	0.99	0.95	0.99	-0.83	0.9		0.91	0.9	0.92	0.92	0.89	-0.75
Net Invested Capital	0.97	0.97	0.9	0.08	0.97	0.98	0.9	0.98	-0.97	0.8	0.66	0.94	-0.57	0.84	0.95	0.95	0.92	-0.97	0.99	0.91		0.9	0.68	1.0	0.99	-0.52
Property Plant And Equipment Gross	0.89	0.79	0.85	-0.2	0.79	0.8	1.0	0.8	-0.87	0.71	0.31	0.87	-0.47	0.8	0.87	0.81	0.94	-0.78	0.83	0.9	0.9		0.74	0.89	0.82	-0.53
Short Long Term Debt	0.82	0.62	0.93	-0.57	0.63	0.58	0.74	0.68	-0.77	0.84	0.0	0.89	-0.63	0.86	0.86	0.81	0.9	-0.56	0.67	0.92	0.68	0.74		0.7	0.66	-0.87
Total Current Assets	0.98	0.97	0.92	0.07	0.97	0.98	0.89	0.99	-0.97	0.81	0.65	0.95	-0.58	0.85	0.96	0.96	0.92	-0.97	0.99	0.92	1.0	0.89	0.7		0.99	-0.54
Capital Stock	0.97	0.98	0.89	0.15	0.98	0.99	0.82	1.0	-0.97	0.81	0.72	0.93	-0.59	0.83	0.95	0.96	0.88	-0.99	1.0	0.89	0.99	0.82	0.66	0.99		-0.52
Net Working Capital	-0.66	-0.4	-0.77	0.71	-0.41	-0.48	-0.53	-0.53	0.7	-0.91	0.1	-0.73	0.89	-0.89	-0.7	-0.72	-0.72	0.46	-0.49	-0.75	-0.52	-0.53	-0.87	-0.54	-0.52

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NowVertical Change In Working Capital vs Net Income Analysis

Change In Working Capital vs Net Income

Change In Working Capital vs Net Income Correlation Analysis

Correlation Coefficient

Change In Working Capital

Net Income

NowVertical fundamental ratios Correlations

NowVertical Account Relationship Matchups

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COMPANY

Good Will	+ 1.0	Total Assets
Other Liab	+ 1.0	Other Current Liab
Non Current Assets Total	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Other Current Assets	+ 1.0	Net Debt

Capital Lease Obligations	- 1.0	Net Tangible Assets
Capital Stock	- 0.99	Capital Lease Obligations
Other Current Assets	- 0.98	Capital Lease Obligations
Common Stock Shares Outstanding	- 0.98	Retained Earnings
Capital Lease Obligations	- 0.98	Net Debt
Retained Earnings	- 0.98	Total Assets