Novonix Income Before Tax vs Net Income Analysis

NVX Stock  USD 2.69  0.76  39.38%   
Novonix financial indicator trend analysis is infinitely more than just investigating Novonix Ltd ADR recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Novonix Ltd ADR is a good investment. Please check the relationship between Novonix Income Before Tax and its Net Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Novonix Ltd ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Income Before Tax vs Net Income

Income Before Tax vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Novonix Ltd ADR Income Before Tax account and Net Income. At this time, the significance of the direction appears to have totally related.
The correlation between Novonix's Income Before Tax and Net Income is 1.0. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Net Income in the same time period over historical financial statements of Novonix Ltd ADR, assuming nothing else is changed. The correlation between historical values of Novonix's Income Before Tax 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 Income Before Tax of Novonix Ltd ADR 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 Income Before Tax i.e., Novonix's Income Before Tax and Net Income go up and down completely randomly.

Correlation Coefficient

1.0
Relationship DirectionPositive 
Relationship StrengthVery Strong

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Novonix income statement and is an important metric when analyzing Novonix Ltd ADR profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Novonix Ltd ADR financial statement analysis. It represents the amount of money remaining after all of Novonix Ltd ADR operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Novonix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Novonix Ltd ADR 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 Novonix Ltd ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
At this time, Novonix's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to rise to about 324.5 M in 2024, despite the fact that Tax Provision is likely to grow to (190 K).

Novonix fundamental ratios Correlations

0.570.720.990.89-0.68-0.870.890.950.90.940.860.810.960.940.870.810.340.440.27-0.050.01-0.35-0.29-0.170.51
0.570.690.520.78-0.18-0.810.480.420.780.510.840.830.430.720.320.820.410.77-0.03-0.22-0.34-0.660.01-0.390.7
0.720.690.690.67-0.36-0.660.670.620.70.620.650.670.640.680.610.650.030.29-0.19-0.47-0.36-0.590.390.080.37
0.990.520.690.86-0.74-0.840.910.970.870.960.840.780.980.940.90.770.30.380.26-0.040.03-0.33-0.31-0.140.48
0.890.780.670.86-0.41-0.980.80.771.00.770.970.980.790.980.770.980.590.740.23-0.03-0.01-0.39-0.3-0.40.72
-0.68-0.18-0.36-0.74-0.410.42-0.69-0.85-0.42-0.88-0.46-0.28-0.83-0.58-0.62-0.270.10.06-0.26-0.07-0.010.240.35-0.13-0.13
-0.87-0.81-0.66-0.84-0.980.42-0.76-0.76-0.98-0.78-0.99-0.98-0.77-0.97-0.68-0.97-0.53-0.77-0.290.110.140.50.350.31-0.65
0.890.480.670.910.8-0.69-0.760.850.810.860.750.680.860.850.940.670.210.220.220.00.06-0.38-0.26-0.020.39
0.950.420.620.970.77-0.85-0.760.850.780.980.760.681.00.880.850.680.230.30.31-0.020.02-0.27-0.32-0.050.39
0.90.780.70.871.0-0.42-0.980.810.780.770.970.970.790.980.770.970.540.720.2-0.1-0.07-0.44-0.28-0.350.68
0.940.510.620.960.77-0.88-0.780.860.980.770.790.680.970.870.790.670.210.320.320.0-0.03-0.37-0.35-0.070.42
0.860.840.650.840.97-0.46-0.990.750.760.970.790.970.770.970.660.960.490.770.22-0.13-0.19-0.55-0.35-0.320.64
0.810.830.670.780.98-0.28-0.980.680.680.970.680.970.70.940.641.00.610.840.23-0.12-0.11-0.43-0.23-0.380.71
0.960.430.640.980.79-0.83-0.770.861.00.790.970.770.70.890.870.690.240.310.3-0.020.04-0.26-0.31-0.060.41
0.940.720.680.940.98-0.58-0.970.850.880.980.870.970.940.890.820.930.490.650.27-0.06-0.04-0.41-0.34-0.290.63
0.870.320.610.90.77-0.62-0.680.940.850.770.790.660.640.870.820.640.290.180.180.060.23-0.13-0.21-0.110.41
0.810.820.650.770.98-0.27-0.970.670.680.970.670.961.00.690.930.640.630.850.24-0.1-0.09-0.4-0.24-0.410.72
0.340.410.030.30.590.1-0.530.210.230.540.210.490.610.240.490.290.630.780.560.60.580.34-0.29-0.820.86
0.440.770.290.380.740.06-0.770.220.30.720.320.770.840.310.650.180.850.780.30.06-0.05-0.24-0.28-0.620.76
0.27-0.03-0.190.260.23-0.26-0.290.220.310.20.320.220.230.30.270.180.240.560.30.650.50.34-0.49-0.170.32
-0.05-0.22-0.47-0.04-0.03-0.070.110.0-0.02-0.10.0-0.13-0.12-0.02-0.060.06-0.10.60.060.650.910.72-0.36-0.60.45
0.01-0.34-0.360.03-0.01-0.010.140.060.02-0.07-0.03-0.19-0.110.04-0.040.23-0.090.58-0.050.50.910.85-0.2-0.560.41
-0.35-0.66-0.59-0.33-0.390.240.5-0.38-0.27-0.44-0.37-0.55-0.43-0.26-0.41-0.13-0.40.34-0.240.340.720.85-0.03-0.330.05
-0.290.010.39-0.31-0.30.350.35-0.26-0.32-0.28-0.35-0.35-0.23-0.31-0.34-0.21-0.24-0.29-0.28-0.49-0.36-0.2-0.030.25-0.11
-0.17-0.390.08-0.14-0.4-0.130.31-0.02-0.05-0.35-0.07-0.32-0.38-0.06-0.29-0.11-0.41-0.82-0.62-0.17-0.6-0.56-0.330.25-0.84
0.510.70.370.480.72-0.13-0.650.390.390.680.420.640.710.410.630.410.720.860.760.320.450.410.05-0.11-0.84
Click cells to compare fundamentals

Novonix Account Relationship Matchups

Novonix fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets51.7M152.4M303.0M277.4M263.3M140.5M
Other Current Liab656.4K2.2M3.9K3.8M5.6M5.9M
Total Current Liabilities2.8M4.0M7.9M8.5M7.8M5.5M
Total Stockholder Equity45.7M138.5M251.1M226.1M183.9M112.5M
Property Plant And Equipment Net10.6M31.6M111.6M132.4M144.3M151.5M
Net Debt7.8M(23.1M)(92.3M)(57.7M)(9.3M)(9.8M)
Retained Earnings(43.9M)(61.6M)(110.7M)(138.6M)(184.8M)(175.6M)
Accounts Payable582.5K1.4M2.7M4.1M1.3M1.6M
Cash26.7M102.7M142.7M99.0M78.7M55.9M
Non Current Assets Total23.3M44.2M140.8M161.3M174.2M182.9M
Cash And Short Term Investments4.2M26.7M102.7M99.0M78.7M45.8M
Net Receivables843.6K1.6M2.1M2.8M3.6M3.7M
Liabilities And Stockholders Equity24.5M51.7M152.4M277.4M263.3M276.5M
Total Liab6.0M13.9M51.8M51.4M83.9M88.1M
Total Current Assets28.4M108.2M162.2M116.1M89.2M63.3M
Accumulated Other Comprehensive Income15.0M21.0M24.9M26.5M30.4M17.2M
Common Stock26.7M68.6M175.2M338.1M338.4M355.3M
Common Stock Shares Outstanding34.0M91.6M486.0M464.4M121.9M197.4M
Non Current Liabilities Total3.2M9.8M44.0M42.9M71.6M75.1M
Short Long Term Debt Total1.3M12.0M3.5M10.4M68.2M71.6M
Non Currrent Assets Other6.0K16.9K117.6K168.7K1.3M1.3M
Good Will3.3M11.9M12.0M12.0M13.8M11.1M
Inventory782.3K939.3K2.1M1.9M2.0M1.8M
Short Term Debt2.9M285.9K433.2K467.5K520.3K494.3K
Intangible Assets837.6K656.6K474.2K389.8K15.3K14.5K
Net Tangible Assets(2.5M)48.2M167.8M346.4M398.4M418.3M
Long Term Debt1.9M6.0M35.9M52.2M63.2M66.4M
Net Invested Capital68.7M190.7M287.2M416.7M247.3M211.5M
Short Long Term Debt274.9K277.1K120.0K174.1K174.4K165.7K
Net Working Capital37.4M138.7M154.3M223.9M81.3M102.6M
Property Plant Equipment8.8M15.5M42.1M161.8M186.1M195.4M
Capital Stock99.9M233.2M338.0M458.7M338.4M289.8M
Capital Lease Obligations2.9M7.5M5.3M7.8M4.8M6.2M
Property Plant And Equipment Gross11.6M33.3M111.6M116.5M155.7M104.2M

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