Nova Net Income vs Change In Cash Analysis

NVMI Stock

USD 179.72 5.54 3.18%

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

For more detail on how to invest in Nova Stock please use our How to Invest in Nova guide.

Net Income vs Change In Cash

Net Income vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nova Net Income account and Change In Cash. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Nova's Net Income and Change In Cash is -0.17. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Nova, assuming nothing else is changed. The correlation between historical values of Nova's Net Income and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Nova are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Net Income i.e., Nova's Net Income and Change In Cash go up and down completely randomly.

Correlation Coefficient

-0.17

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income

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

Change In Cash

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

For more detail on how to invest in Nova Stock please use our How to Invest in Nova guide.As of now, Nova's Enterprise Value is increasing as compared to previous years.

	2021	2022	2023	2024 (projected)
Interest Expense	4.2M	1.3M	1.5M	1.2M
Depreciation And Amortization	8.9M	14.7M	16.2M	17.0M

Interest Expense Depreciation And Amortization

Nova fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Other Liab	Other Assets	Short Term Investments	Property Plant Equipment	Common Stock Total Equity
Total Assets		0.92	0.9	0.99	0.98	0.92	0.99	0.95	0.73	0.97	0.71	0.96	0.97	0.44	0.55	0.99	0.84	0.46	0.98	0.99	0.92	0.95	0.93	0.98	0.98	0.43
Other Current Liab	0.92		0.85	0.9	0.87	0.87	0.9	0.96	0.64	0.89	0.63	0.88	0.91	0.46	0.52	0.9	0.78	0.48	0.91	0.91	0.89	0.8	0.82	0.92	0.86	0.4
Total Current Liabilities	0.9	0.85		0.91	0.84	0.9	0.9	0.82	0.55	0.91	0.64	0.84	0.83	0.29	0.19	0.9	0.7	0.37	0.86	0.87	0.94	0.83	0.84	0.93	0.86	0.34
Total Stockholder Equity	0.99	0.9	0.91		0.97	0.91	0.99	0.93	0.66	0.97	0.66	0.93	0.98	0.46	0.47	0.99	0.88	0.48	0.94	0.97	0.91	0.95	0.95	0.98	0.97	0.47
Property Plant And Equipment Net	0.98	0.87	0.84	0.97		0.91	0.97	0.92	0.72	0.95	0.68	0.93	0.95	0.4	0.6	0.97	0.87	0.4	0.96	0.96	0.88	0.95	0.92	0.95	1.0	0.39
Net Debt	0.92	0.87	0.9	0.91	0.91		0.93	0.88	0.51	0.97	0.68	0.81	0.88	0.28	0.42	0.93	0.71	0.26	0.91	0.86	0.99	0.9	0.92	0.91	0.91	0.26
Retained Earnings	0.99	0.9	0.9	0.99	0.97	0.93		0.92	0.65	0.98	0.65	0.92	0.97	0.38	0.48	1.0	0.87	0.39	0.95	0.96	0.92	0.96	0.96	0.98	0.98	0.39
Accounts Payable	0.95	0.96	0.82	0.93	0.92	0.88	0.92		0.69	0.91	0.69	0.91	0.95	0.57	0.61	0.93	0.81	0.57	0.94	0.94	0.88	0.86	0.86	0.93	0.91	0.5
Cash	0.73	0.64	0.55	0.66	0.72	0.51	0.65	0.69		0.58	0.67	0.87	0.66	0.33	0.77	0.65	0.52	0.39	0.82	0.81	0.53	0.63	0.49	0.69	0.71	0.28
Non Current Assets Total	0.97	0.89	0.91	0.97	0.95	0.97	0.98	0.91	0.58		0.68	0.87	0.95	0.35	0.46	0.99	0.8	0.35	0.94	0.92	0.96	0.97	0.97	0.94	0.96	0.36
Non Currrent Assets Other	0.71	0.63	0.64	0.66	0.68	0.68	0.65	0.69	0.67	0.68		0.72	0.66	0.45	0.55	0.67	0.43	0.45	0.77	0.71	0.7	0.68	0.6	0.66	0.68	0.44
Cash And Short Term Investments	0.96	0.88	0.84	0.93	0.93	0.81	0.92	0.91	0.87	0.87	0.72		0.91	0.48	0.62	0.91	0.79	0.53	0.96	0.99	0.82	0.86	0.79	0.95	0.93	0.46
Net Receivables	0.97	0.91	0.83	0.98	0.95	0.88	0.97	0.95	0.66	0.95	0.66	0.91		0.49	0.56	0.98	0.89	0.49	0.93	0.96	0.87	0.93	0.93	0.94	0.95	0.47
Common Stock Shares Outstanding	0.44	0.46	0.29	0.46	0.4	0.28	0.38	0.57	0.33	0.35	0.45	0.48	0.49		0.35	0.42	0.45	0.97	0.39	0.48	0.3	0.37	0.36	0.43	0.38	0.96
Non Current Liabilities Total	0.55	0.52	0.19	0.47	0.6	0.42	0.48	0.61	0.77	0.46	0.55	0.62	0.56	0.35		0.5	0.41	0.27	0.66	0.6	0.37	0.54	0.42	0.45	0.57	0.2
Inventory	0.99	0.9	0.9	0.99	0.97	0.93	1.0	0.93	0.65	0.99	0.67	0.91	0.98	0.42	0.5		0.86	0.42	0.95	0.96	0.92	0.97	0.97	0.97	0.97	0.42
Other Current Assets	0.84	0.78	0.7	0.88	0.87	0.71	0.87	0.81	0.52	0.8	0.43	0.79	0.89	0.45	0.41	0.86		0.47	0.75	0.85	0.67	0.8	0.81	0.85	0.87	0.46
Other Stockholder Equity	0.46	0.48	0.37	0.48	0.4	0.26	0.39	0.57	0.39	0.35	0.45	0.53	0.49	0.97	0.27	0.42	0.47		0.41	0.52	0.3	0.35	0.33	0.47	0.39	0.96
Total Liab	0.98	0.91	0.86	0.94	0.96	0.91	0.95	0.94	0.82	0.94	0.77	0.96	0.93	0.39	0.66	0.95	0.75	0.41		0.97	0.91	0.91	0.87	0.95	0.95	0.35
Total Current Assets	0.99	0.91	0.87	0.97	0.96	0.86	0.96	0.94	0.81	0.92	0.71	0.99	0.96	0.48	0.6	0.96	0.85	0.52	0.97		0.87	0.91	0.87	0.98	0.96	0.47
Common Stock	0.92	0.89	0.94	0.91	0.88	0.99	0.92	0.88	0.53	0.96	0.7	0.82	0.87	0.3	0.37	0.92	0.67	0.3	0.91	0.87		0.87	0.9	0.92	0.89	0.29
Other Liab	0.95	0.8	0.83	0.95	0.95	0.9	0.96	0.86	0.63	0.97	0.68	0.86	0.93	0.37	0.54	0.97	0.8	0.35	0.91	0.91	0.87		0.97	0.89	0.96	0.39
Other Assets	0.93	0.82	0.84	0.95	0.92	0.92	0.96	0.86	0.49	0.97	0.6	0.79	0.93	0.36	0.42	0.97	0.81	0.33	0.87	0.87	0.9	0.97		0.89	0.93	0.38
Short Term Investments	0.98	0.92	0.93	0.98	0.95	0.91	0.98	0.93	0.69	0.94	0.66	0.95	0.94	0.43	0.45	0.97	0.85	0.47	0.95	0.98	0.92	0.89	0.89		0.95	0.43
Property Plant Equipment	0.98	0.86	0.86	0.97	1.0	0.91	0.98	0.91	0.71	0.96	0.68	0.93	0.95	0.38	0.57	0.97	0.87	0.39	0.95	0.96	0.89	0.96	0.93	0.95		0.38
Common Stock Total Equity	0.43	0.4	0.34	0.47	0.39	0.26	0.39	0.5	0.28	0.36	0.44	0.46	0.47	0.96	0.2	0.42	0.46	0.96	0.35	0.47	0.29	0.39	0.38	0.43	0.38

Click cells to compare fundamentals

Nova Account Relationship Matchups

High Positive Relationship

Property Plant Equipment	+ 1.0	Property Plant And Equipment Net
Inventory	+ 1.0	Retained Earnings
Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Inventory	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets

High Negative Relationship

Not Found

Nova fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	400.4M	655.8M	805.2M	984.1M	1.1B	1.2B
Other Current Liab	21.8M	24.7M	48.9M	48.9M	41.3M	43.4M
Total Current Liabilities	48.1M	60.9M	287.9M	134.1M	322.8M	339.0M
Total Stockholder Equity	314.5M	371.5M	473.8M	587.0M	750.8M	788.3M
Property Plant And Equipment Net	58.8M	63.3M	65.1M	100.8M	108.7M	114.2M
Net Debt	1.6M	(17.9M)	94.2M	134.9M	136.6M	143.4M
Retained Earnings	193.7M	241.6M	334.7M	478.1M	614.4M	645.1M
Accounts Payable	20.7M	24.1M	36.2M	42.7M	35.2M	36.9M
Cash	31.7M	232.3M	126.7M	111.1M	107.6M	113.0M
Non Current Assets Total	94.3M	97.1M	238.6M	371.2M	423.6M	444.8M
Non Currrent Assets Other	1.2M	3.2M	3.6M	3.8M	4.4M	2.7M
Cash And Short Term Investments	189.1M	423.9M	410.2M	373.5M	443.7M	465.9M
Net Receivables	51.6M	63.3M	68.4M	109.3M	111.3M	116.8M
Common Stock Shares Outstanding	28.6M	28.9M	29.8M	31.9M	32.1M	25.2M
Liabilities And Stockholders Equity	400.4M	655.8M	805.2M	984.1M	1.1B	1.2B
Non Current Liabilities Total	37.8M	223.3M	43.5M	263.1M	60.2M	30.9M
Inventory	48.4M	61.7M	78.7M	116.6M	138.2M	145.1M
Other Current Assets	17.1M	9.8M	9.2M	13.5M	17.1M	17.9M
Other Stockholder Equity	120.7M	129.3M	139.8M	121.4M	139.7M	108.4M
Total Liab	85.9M	284.2M	331.4M	397.1M	383.1M	402.2M
Total Current Assets	306.2M	558.7M	566.5M	612.9M	710.2M	745.7M
Accumulated Other Comprehensive Income	15K	570K	(814K)	(12.5M)	(3.3M)	(3.2M)
Other Liab	9.1M	12.6M	10.0M	23.0M	26.4M	27.8M
Other Assets	8.2M	6.1M	9.7M	23.8M	27.4M	28.8M
Short Term Investments	157.3M	191.6M	283.5M	262.4M	336.1M	352.9M
Property Plant Equipment	58.8M	63.3M	65.1M	100.8M	115.9M	121.7M
Current Deferred Revenue	2.3M	4.7M	15.3M	30.5M	42.0M	44.1M
Intangible Assets	7.6M	5.1M	2.6M	43.6M	39.2M	41.1M
Net Tangible Assets	286.9M	346.4M	451.0M	494.4M	568.5M	596.9M
Long Term Investments	2.8M	2.5M	141.1M	153.9M	191.4M	200.9M
Non Current Liabilities Other	5.8M	8.9M	6.3M	7.2M	6.5M	5.5M
Net Invested Capital	314.5M	550.3M	183.0M	196.4M	948.4M	995.9M

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When determining whether Nova offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nova's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nova Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nova Stock:

How To Invest In Nova

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Is Nova Stock a good investment?

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What is Nova's Net Worth?

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Largest Semiconductors & Semiconductor Equipment Companies

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nova. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more detail on how to invest in Nova Stock please use our How to Invest in Nova guide.

You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nova. If investors know Nova will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nova listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.524

Earnings Share

5.35

Revenue Per Share

21.047

Quarterly Revenue Growth

0.389

Return On Assets

0.0857

The market value of Nova is measured differently than its book value, which is the value of Nova that is recorded on the company's balance sheet. Investors also form their own opinion of Nova's value that differs from its market value or its book value, called intrinsic value, which is Nova's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nova's market value can be influenced by many factors that don't directly affect Nova's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Nova's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nova is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nova's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Nova Net Income vs Change In Cash Analysis

Net Income vs Change In Cash

Net Income vs Change In Cash Correlation Analysis

Correlation Coefficient

Net Income

Change In Cash

Nova fundamental ratios Correlations

Nova Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nova fundamental ratios Accounts

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