Nova Total Revenue vs Net Income Analysis

NVFY Stock

USD 0.61 0.01 1.67%

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 Total Revenue and its Net Income 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.

Total Revenue vs Net Income

Total Revenue vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nova Lifestyle I Total Revenue account and Net Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between Nova Lifestyle's Total Revenue and Net Income is 0.7. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Net Income 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 Total Revenue 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 Total Revenue of Nova Lifestyle I 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 Total Revenue i.e., Nova Lifestyle's Total Revenue and Net Income go up and down completely randomly.

Correlation Coefficient

0.7

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Total Revenue

Total revenue comprises all receipts Nova Lifestyle I generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Net Income

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

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 Expenses	32.6M	29.0M	17.5M	16.6M
Depreciation And Amortization	846.5K	571.8K	803.8K	727.8K

Other Operating Expenses Depreciation And Amortization

Nova Lifestyle fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Total Liab	Total Current Assets	Common Stock	Other Current Liab	Net Debt	Non Current Assets Total	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Property Plant And Equipment Gross	Intangible Assets	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Non Currrent Assets Other	Other Assets
Total Assets		0.6	0.97	0.94	0.9	0.57	0.24	0.67	0.97	0.84	0.52	0.41	0.43	0.82	0.81	-0.12	0.54	0.15	0.16	0.16	0.75	0.56	0.17	-0.19	0.05	0.46
Total Current Liabilities	0.6		0.41	0.36	0.48	0.9	-0.38	0.93	0.42	0.64	0.83	0.8	0.79	0.65	0.67	-0.35	0.4	-0.4	-0.21	0.64	0.72	0.69	0.64	0.04	0.55	0.53
Total Stockholder Equity	0.97	0.41		0.99	0.89	0.36	0.37	0.48	1.0	0.77	0.36	0.24	0.22	0.76	0.74	-0.03	0.41	0.29	0.26	-0.05	0.62	0.39	-0.03	-0.19	-0.09	0.34
Net Tangible Assets	0.94	0.36	0.99		0.84	0.29	0.39	0.41	0.99	0.72	0.32	0.18	0.12	0.72	0.7	0.05	0.33	0.33	0.33	-0.14	0.53	0.3	-0.13	-0.19	-0.13	0.31
Retained Earnings	0.9	0.48	0.89	0.84		0.52	0.22	0.53	0.87	0.78	0.46	0.27	0.45	0.77	0.73	-0.46	0.47	0.1	-0.21	0.23	0.66	0.65	0.26	-0.33	0.18	0.36
Accounts Payable	0.57	0.9	0.36	0.29	0.52		-0.29	0.94	0.35	0.62	0.8	0.66	0.92	0.57	0.62	-0.52	0.64	-0.35	-0.38	0.82	0.72	0.87	0.82	-0.2	0.54	0.57
Cash	0.24	-0.38	0.37	0.39	0.22	-0.29		-0.27	0.33	-0.08	-0.47	-0.69	-0.3	-0.22	-0.15	0.19	0.02	0.87	0.35	-0.29	-0.25	-0.25	-0.28	0.06	-0.15	-0.26
Total Liab	0.67	0.93	0.48	0.41	0.53	0.94	-0.27		0.48	0.69	0.81	0.78	0.87	0.66	0.7	-0.33	0.7	-0.33	-0.16	0.71	0.84	0.81	0.7	-0.1	0.42	0.62
Total Current Assets	0.97	0.42	1.0	0.99	0.87	0.35	0.33	0.48		0.78	0.36	0.26	0.2	0.78	0.75	0.0	0.38	0.26	0.28	-0.08	0.61	0.37	-0.07	-0.17	-0.1	0.35
Common Stock	0.84	0.64	0.77	0.72	0.78	0.62	-0.08	0.69	0.78		0.54	0.57	0.47	0.95	0.99	-0.26	0.5	-0.31	-0.02	0.17	0.79	0.62	0.18	-0.12	0.16	0.41
Other Current Liab	0.52	0.83	0.36	0.32	0.46	0.8	-0.47	0.81	0.36	0.54		0.7	0.71	0.59	0.6	-0.33	0.44	-0.46	-0.28	0.58	0.67	0.72	0.58	-0.33	0.44	0.43
Net Debt	0.41	0.8	0.24	0.18	0.27	0.66	-0.69	0.78	0.26	0.57	0.7		0.66	0.65	0.62	-0.14	0.44	-0.65	-0.1	0.48	0.78	0.57	0.47	0.07	0.23	0.6
Non Current Assets Total	0.43	0.79	0.22	0.12	0.45	0.92	-0.3	0.87	0.2	0.47	0.71	0.66		0.43	0.45	-0.61	0.73	-0.36	-0.53	0.94	0.73	0.91	0.94	-0.18	0.57	0.54
Net Receivables	0.82	0.65	0.76	0.72	0.77	0.57	-0.22	0.66	0.78	0.95	0.59	0.65	0.43		0.96	-0.22	0.45	-0.36	-0.02	0.12	0.81	0.62	0.14	-0.17	0.07	0.48
Common Stock Total Equity	0.81	0.67	0.74	0.7	0.73	0.62	-0.15	0.7	0.75	0.99	0.6	0.62	0.45	0.96		-0.22	0.48	-0.38	-0.01	0.15	0.79	0.6	0.16	-0.11	0.14	0.41
Common Stock Shares Outstanding	-0.12	-0.35	-0.03	0.05	-0.46	-0.52	0.19	-0.33	0.0	-0.26	-0.33	-0.14	-0.61	-0.22	-0.22		-0.28	0.31	0.93	-0.63	-0.29	-0.67	-0.65	0.31	-0.54	-0.17
Non Current Liabilities Total	0.54	0.4	0.41	0.33	0.47	0.64	0.02	0.7	0.38	0.5	0.44	0.44	0.73	0.45	0.48	-0.28		-0.1	-0.14	0.61	0.75	0.78	0.61	-0.38	0.05	0.55
Inventory	0.15	-0.4	0.29	0.33	0.1	-0.35	0.87	-0.33	0.26	-0.31	-0.46	-0.65	-0.36	-0.36	-0.38	0.31	-0.1		0.42	-0.3	-0.34	-0.36	-0.3	0.02	-0.28	-0.15
Other Stockholder Equity	0.16	-0.21	0.26	0.33	-0.21	-0.38	0.35	-0.16	0.28	-0.02	-0.28	-0.1	-0.53	-0.02	-0.01	0.93	-0.14	0.42		-0.62	-0.11	-0.56	-0.64	0.31	-0.58	-0.05
Property Plant And Equipment Gross	0.16	0.64	-0.05	-0.14	0.23	0.82	-0.29	0.71	-0.08	0.17	0.58	0.48	0.94	0.12	0.15	-0.63	0.61	-0.3	-0.62		0.47	0.8	1.0	-0.2	0.65	0.45
Intangible Assets	0.75	0.72	0.62	0.53	0.66	0.72	-0.25	0.84	0.61	0.79	0.67	0.78	0.73	0.81	0.79	-0.29	0.75	-0.34	-0.11	0.47		0.78	0.48	-0.11	0.04	0.56
Other Liab	0.56	0.69	0.39	0.3	0.65	0.87	-0.25	0.81	0.37	0.62	0.72	0.57	0.91	0.62	0.6	-0.67	0.78	-0.36	-0.56	0.8	0.78		0.82	-0.42	0.47	0.55
Property Plant And Equipment Net	0.17	0.64	-0.03	-0.13	0.26	0.82	-0.28	0.7	-0.07	0.18	0.58	0.47	0.94	0.14	0.16	-0.65	0.61	-0.3	-0.64	1.0	0.48	0.82		-0.21	0.65	0.45
Current Deferred Revenue	-0.19	0.04	-0.19	-0.19	-0.33	-0.2	0.06	-0.1	-0.17	-0.12	-0.33	0.07	-0.18	-0.17	-0.11	0.31	-0.38	0.02	0.31	-0.2	-0.11	-0.42	-0.21		-0.01	-0.03
Non Currrent Assets Other	0.05	0.55	-0.09	-0.13	0.18	0.54	-0.15	0.42	-0.1	0.16	0.44	0.23	0.57	0.07	0.14	-0.54	0.05	-0.28	-0.58	0.65	0.04	0.47	0.65	-0.01		0.11
Other Assets	0.46	0.53	0.34	0.31	0.36	0.57	-0.26	0.62	0.35	0.41	0.43	0.6	0.54	0.48	0.41	-0.17	0.55	-0.15	-0.05	0.45	0.56	0.55	0.45	-0.03	0.11

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Nova Lifestyle Account Relationship Matchups

Nova Lifestyle fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	71.6M	46.5M	29.5M	11.5M	6.2M	5.9M
Total Current Liabilities	1.5M	2.0M	1.8M	1.6M	3.7M	5.8M
Total Stockholder Equity	66.0M	40.9M	23.4M	6.6M	496.4K	471.5K
Net Tangible Assets	65.8M	40.7M	23.2M	6.4M	7.3M	7.0M
Retained Earnings	26.4M	351.4K	(19.6M)	(36.7M)	(44.4M)	(42.2M)
Accounts Payable	417.9K	743.8K	358.4K	321.3K	430.0K	408.5K
Cash	7.4M	8.7M	6.3M	1.4M	369.1K	350.7K
Total Liab	5.5M	5.6M	6.1M	4.9M	5.7M	9.7M
Total Current Assets	68.5M	43.3M	25.6M	8.2M	3.7M	3.6M
Common Stock	5.7K	5.8K	6.8K	7.2K	1.9K	1.8K
Other Current Liab	539.3K	(741.7K)	(2.4M)	(322.2K)	1.1M	701.2K
Net Debt	(4.7M)	(6.2M)	(2.8M)	1.5M	1.7M	1.1M
Non Current Assets Total	3.1M	3.2M	4.0M	3.3M	2.5M	2.4M
Net Receivables	415.1K	1.1M	402.4K	367.7K	88.3K	83.8K
Common Stock Total Equity	28.2K	28.6K	5.7K	5.8K	6.6K	6.3K
Common Stock Shares Outstanding	1.1M	1.1M	1.2M	1.4M	1.6M	1.1M
Liabilities And Stockholders Equity	71.6M	46.5M	29.5M	11.5M	6.2M	5.9M
Non Current Liabilities Total	4.0M	3.5M	4.3M	3.3M	2.1M	2.0M
Inventory	29.7M	32.8M	17.7M	4.9M	2.3M	2.2M
Other Stockholder Equity	39.6M	39.8M	42.7M	43.2M	44.4M	34.1M
Property Plant And Equipment Gross	2.8M	2.8M	4.2M	3.4M	2.6M	2.5M
Intangible Assets	4.2M	3.8M	19.2K	13.8K	8.5K	8.0K
Other Liab	1.8M	1.6M	1.5M	1.2M	1.0M	989.8K
Property Plant And Equipment Net	2.8M	2.8M	3.7M	3.1M	2.2M	2.1M
Current Deferred Revenue	26.5K	266.2K	394.4K	170.1K	306.5K	206.9K
Other Assets	43.3K	191.8K	72.7K	71.1K	1.0	0.95
Cash And Short Term Investments	7.4M	8.7M	6.3M	1.4M	369.1K	350.7K
Retained Earnings Total Equity	29.7M	35.0M	26.4M	351.4K	404.1K	383.9K
Capital Surpluse	38.7M	39.8M	40.2M	40.4M	46.4M	34.1M
Other Current Assets	30.9M	599.5K	16.3M	1.5M	984.9K	935.7K
Non Current Liabilities Other	4.5M	3.4M	4.0M	3.4M	3.0M	2.9M
Property Plant Equipment	136.5K	2.8M	3.7M	3.0M	2.7M	4.2M
Short Long Term Debt Total	2.7M	2.6M	3.5M	2.9M	2.1M	2.0M
Short Term Debt	481.1K	1.4M	1.5M	1.5M	702.0K	666.9K

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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.

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Nova Total Revenue vs Net Income Analysis

Total Revenue vs Net Income

Total Revenue vs Net Income Correlation Analysis

Correlation Coefficient

Total Revenue

Net Income

Nova Lifestyle fundamental ratios Correlations

Nova Lifestyle Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nova Lifestyle fundamental ratios Accounts

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COMMON DESTINATIONS

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Total Current Assets	+ 1.0	Total Stockholder Equity
Property Plant And Equipment Net	+ 1.0	Property Plant And Equipment Gross
Net Tangible Assets	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Net Tangible Assets
Common Stock Total Equity	+ 0.99	Common Stock
Total Stockholder Equity	+ 0.97	Total Assets

Net Debt	- 0.69	Cash
Other Liab	- 0.67	Common Stock Shares Outstanding
Property Plant And Equipment Net	- 0.65	Common Stock Shares Outstanding
Inventory	- 0.65	Net Debt
Property Plant And Equipment Net	- 0.64	Other Stockholder Equity
Property Plant And Equipment Gross	- 0.63	Common Stock Shares Outstanding