Nova Operating Cash Flow Per Share vs Free Cash Flow Yield Analysis

NVFY Stock  USD 0.50  0.02  3.85%   
Nova Lifestyle financial indicator trend analysis is infinitely more than just investigating Nova Lifestyle I recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nova Lifestyle I is a good investment. Please check the relationship between Nova Lifestyle Operating Cash Flow Per Share and its Free Cash Flow Yield accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nova Lifestyle I. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Operating Cash Flow Per Share vs Free Cash Flow Yield

Operating Cash Flow Per Share vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nova Lifestyle I Operating Cash Flow Per Share account and Free Cash Flow Yield. At this time, the significance of the direction appears to have strong relationship.
The correlation between Nova Lifestyle's Operating Cash Flow Per Share and Free Cash Flow Yield is 0.7. Overlapping area represents the amount of variation of Operating Cash Flow Per Share that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Nova Lifestyle I, assuming nothing else is changed. The correlation between historical values of Nova Lifestyle's Operating Cash Flow Per Share and Free Cash Flow Yield 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 Cash Flow Per Share of Nova Lifestyle I are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Operating Cash Flow Per Share i.e., Nova Lifestyle's Operating Cash Flow Per Share and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.7
Relationship DirectionPositive 
Relationship StrengthSignificant

Operating Cash Flow Per Share

A measure of the cash generated from a company's normal business operations per share, indicating how much cash is generated from a company's business operations on a per-share basis.

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.
Most indicators from Nova Lifestyle's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nova Lifestyle I 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 Nova Lifestyle I. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
At this time, Nova Lifestyle's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 186.1 K in 2024, whereas Discontinued Operations is likely to drop (24.3 K) in 2024.
 2021 2022 2023 2024 (projected)
Other Operating Expenses32.6M29.0M17.5M16.6M
Depreciation And Amortization846.5K571.8K803.8K727.8K

Nova Lifestyle fundamental ratios Correlations

0.60.970.940.90.570.240.670.970.840.520.410.430.820.81-0.120.540.150.160.160.750.560.17-0.190.050.46
0.60.410.360.480.9-0.380.930.420.640.830.80.790.650.67-0.350.4-0.4-0.210.640.720.690.640.040.550.53
0.970.410.990.890.360.370.481.00.770.360.240.220.760.74-0.030.410.290.26-0.050.620.39-0.03-0.19-0.090.34
0.940.360.990.840.290.390.410.990.720.320.180.120.720.70.050.330.330.33-0.140.530.3-0.13-0.19-0.130.31
0.90.480.890.840.520.220.530.870.780.460.270.450.770.73-0.460.470.1-0.210.230.660.650.26-0.330.180.36
0.570.90.360.290.52-0.290.940.350.620.80.660.920.570.62-0.520.64-0.35-0.380.820.720.870.82-0.20.540.57
0.24-0.380.370.390.22-0.29-0.270.33-0.08-0.47-0.69-0.3-0.22-0.150.190.020.870.35-0.29-0.25-0.25-0.280.06-0.15-0.26
0.670.930.480.410.530.94-0.270.480.690.810.780.870.660.7-0.330.7-0.33-0.160.710.840.810.7-0.10.420.62
0.970.421.00.990.870.350.330.480.780.360.260.20.780.750.00.380.260.28-0.080.610.37-0.07-0.17-0.10.35
0.840.640.770.720.780.62-0.080.690.780.540.570.470.950.99-0.260.5-0.31-0.020.170.790.620.18-0.120.160.41
0.520.830.360.320.460.8-0.470.810.360.540.70.710.590.6-0.330.44-0.46-0.280.580.670.720.58-0.330.440.43
0.410.80.240.180.270.66-0.690.780.260.570.70.660.650.62-0.140.44-0.65-0.10.480.780.570.470.070.230.6
0.430.790.220.120.450.92-0.30.870.20.470.710.660.430.45-0.610.73-0.36-0.530.940.730.910.94-0.180.570.54
0.820.650.760.720.770.57-0.220.660.780.950.590.650.430.96-0.220.45-0.36-0.020.120.810.620.14-0.170.070.48
0.810.670.740.70.730.62-0.150.70.750.990.60.620.450.96-0.220.48-0.38-0.010.150.790.60.16-0.110.140.41
-0.12-0.35-0.030.05-0.46-0.520.19-0.330.0-0.26-0.33-0.14-0.61-0.22-0.22-0.280.310.93-0.63-0.29-0.67-0.650.31-0.54-0.17
0.540.40.410.330.470.640.020.70.380.50.440.440.730.450.48-0.28-0.1-0.140.610.750.780.61-0.380.050.55
0.15-0.40.290.330.1-0.350.87-0.330.26-0.31-0.46-0.65-0.36-0.36-0.380.31-0.10.42-0.3-0.34-0.36-0.30.02-0.28-0.15
0.16-0.210.260.33-0.21-0.380.35-0.160.28-0.02-0.28-0.1-0.53-0.02-0.010.93-0.140.42-0.62-0.11-0.56-0.640.31-0.58-0.05
0.160.64-0.05-0.140.230.82-0.290.71-0.080.170.580.480.940.120.15-0.630.61-0.3-0.620.470.81.0-0.20.650.45
0.750.720.620.530.660.72-0.250.840.610.790.670.780.730.810.79-0.290.75-0.34-0.110.470.780.48-0.110.040.56
0.560.690.390.30.650.87-0.250.810.370.620.720.570.910.620.6-0.670.78-0.36-0.560.80.780.82-0.420.470.55
0.170.64-0.03-0.130.260.82-0.280.7-0.070.180.580.470.940.140.16-0.650.61-0.3-0.641.00.480.82-0.210.650.45
-0.190.04-0.19-0.19-0.33-0.20.06-0.1-0.17-0.12-0.330.07-0.18-0.17-0.110.31-0.380.020.31-0.2-0.11-0.42-0.21-0.01-0.03
0.050.55-0.09-0.130.180.54-0.150.42-0.10.160.440.230.570.070.14-0.540.05-0.28-0.580.650.040.470.65-0.010.11
0.460.530.340.310.360.57-0.260.620.350.410.430.60.540.480.41-0.170.55-0.15-0.050.450.560.550.45-0.030.11
Click cells to compare fundamentals

Nova Lifestyle Account Relationship Matchups

Nova Lifestyle fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets71.6M46.5M29.5M11.5M6.2M5.9M
Total Current Liabilities1.5M2.0M1.8M1.6M3.7M5.8M
Total Stockholder Equity66.0M40.9M23.4M6.6M496.4K471.5K
Net Tangible Assets65.8M40.7M23.2M6.4M7.3M7.0M
Retained Earnings26.4M351.4K(19.6M)(36.7M)(44.4M)(42.2M)
Accounts Payable417.9K743.8K358.4K321.3K430.0K408.5K
Cash7.4M8.7M6.3M1.4M369.1K350.7K
Total Liab5.5M5.6M6.1M4.9M5.7M9.7M
Total Current Assets68.5M43.3M25.6M8.2M3.7M3.6M
Common Stock5.7K5.8K6.8K7.2K1.9K1.8K
Other Current Liab539.3K(741.7K)(2.4M)(322.2K)1.1M701.2K
Net Debt(4.7M)(6.2M)(2.8M)1.5M1.7M1.1M
Non Current Assets Total3.1M3.2M4.0M3.3M2.5M2.4M
Net Receivables415.1K1.1M402.4K367.7K88.3K83.8K
Common Stock Total Equity28.2K28.6K5.7K5.8K6.6K6.3K
Common Stock Shares Outstanding1.1M1.1M1.2M1.4M1.6M1.1M
Liabilities And Stockholders Equity71.6M46.5M29.5M11.5M6.2M5.9M
Non Current Liabilities Total4.0M3.5M4.3M3.3M2.1M2.0M
Inventory29.7M32.8M17.7M4.9M2.3M2.2M
Other Stockholder Equity39.6M39.8M42.7M43.2M44.4M34.1M
Property Plant And Equipment Gross2.8M2.8M4.2M3.4M2.6M2.5M
Intangible Assets4.2M3.8M19.2K13.8K8.5K8.0K
Other Liab1.8M1.6M1.5M1.2M1.0M989.8K
Property Plant And Equipment Net2.8M2.8M3.7M3.1M2.2M2.1M
Current Deferred Revenue26.5K266.2K394.4K170.1K306.5K206.9K
Other Assets43.3K191.8K72.7K71.1K1.00.95
Cash And Short Term Investments7.4M8.7M6.3M1.4M369.1K350.7K
Retained Earnings Total Equity29.7M35.0M26.4M351.4K404.1K383.9K
Capital Surpluse38.7M39.8M40.2M40.4M46.4M34.1M
Other Current Assets30.9M599.5K16.3M1.5M984.9K935.7K
Non Current Liabilities Other4.5M3.4M4.0M3.4M3.0M2.9M
Property Plant Equipment136.5K2.8M3.7M3.0M2.7M4.2M
Short Long Term Debt Total2.7M2.6M3.5M2.9M2.1M2.0M
Short Term Debt481.1K1.4M1.5M1.5M702.0K666.9K

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Tools for Nova Stock Analysis

When running Nova Lifestyle's price analysis, check to measure Nova Lifestyle's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nova Lifestyle is operating at the current time. Most of Nova Lifestyle's value examination focuses on studying past and present price action to predict the probability of Nova Lifestyle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Lifestyle's price. Additionally, you may evaluate how the addition of Nova Lifestyle to your portfolios can decrease your overall portfolio volatility.