Viq Change To Inventory vs Net Income Analysis

VQS Stock  CAD 0.21  0.03  12.50%   
Viq Solutions financial indicator trend analysis is much more than just breaking down Viq Solutions prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Viq Solutions is a good investment. Please check the relationship between Viq Solutions Change To Inventory and its Net Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Viq Solutions. 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 To Inventory vs Net Income

Change To Inventory vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Viq Solutions Change To Inventory account and Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Viq Solutions' Change To Inventory and Net Income is -0.47. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Net Income in the same time period over historical financial statements of Viq Solutions, assuming nothing else is changed. The correlation between historical values of Viq Solutions' Change To Inventory 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 To Inventory of Viq Solutions 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 To Inventory i.e., Viq Solutions' Change To Inventory and Net Income go up and down completely randomly.

Correlation Coefficient

-0.47
Relationship DirectionNegative 
Relationship StrengthVery Weak

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Viq Solutions financial statement analysis. It represents the amount of money remaining after all of Viq Solutions operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Viq Solutions' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Viq Solutions 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Viq Solutions. 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.
As of the 4th of March 2025, Tax Provision is likely to grow to about (336.2 K). In addition to that, Selling General Administrative is likely to drop to about 14.3 M
 2022 2023 2024 2025 (projected)
Gross Profit21.9M18.1M20.8M21.9M
Total Revenue45.8M41.0M47.2M49.5M

Viq Solutions fundamental ratios Correlations

0.930.530.80.820.690.790.57-0.840.90.630.970.060.630.91-0.710.870.360.780.160.940.850.350.930.890.49
0.930.730.750.570.670.810.78-0.860.940.440.96-0.020.440.82-0.790.960.350.750.151.00.660.20.910.90.35
0.530.730.460.050.330.430.8-0.540.65-0.010.64-0.22-0.010.46-0.620.750.40.470.110.730.17-0.150.660.580.03
0.80.750.460.630.680.650.61-0.730.770.270.850.20.270.9-0.760.560.330.680.110.780.580.730.860.740.23
0.820.570.050.630.470.490.04-0.540.550.820.690.150.820.8-0.410.490.270.530.120.590.940.460.710.580.66
0.690.670.330.680.470.840.72-0.870.780.020.790.330.020.7-0.460.56-0.090.930.350.70.330.490.530.9-0.22
0.790.810.430.650.490.840.73-0.940.910.220.840.080.220.7-0.440.760.170.880.250.830.470.280.610.930.03
0.570.780.80.610.040.720.73-0.790.8-0.220.740.08-0.220.53-0.630.720.150.740.170.790.070.170.590.8-0.27
-0.84-0.86-0.54-0.73-0.54-0.87-0.94-0.79-0.93-0.21-0.91-0.18-0.21-0.80.52-0.81-0.16-0.94-0.26-0.88-0.51-0.29-0.71-0.97-0.03
0.90.940.650.770.550.780.910.8-0.930.330.950.070.330.82-0.70.880.280.860.150.960.590.290.820.960.18
0.630.44-0.010.270.820.020.22-0.22-0.210.330.43-0.151.00.5-0.330.470.340.11-0.020.420.920.060.560.260.92
0.970.960.640.850.690.790.840.74-0.910.950.430.110.430.9-0.740.880.330.860.180.980.70.390.920.950.29
0.06-0.02-0.220.20.150.330.080.08-0.180.07-0.150.11-0.150.09-0.01-0.11-0.50.350.00.0-0.030.390.00.16-0.27
0.630.44-0.010.270.820.020.22-0.22-0.210.331.00.43-0.150.5-0.330.470.340.11-0.020.420.920.060.560.260.92
0.910.820.460.90.80.70.70.53-0.80.820.50.90.090.5-0.710.720.330.730.250.850.790.490.90.820.4
-0.71-0.79-0.62-0.76-0.41-0.46-0.44-0.630.52-0.7-0.33-0.74-0.01-0.33-0.71-0.69-0.16-0.43-0.14-0.78-0.52-0.35-0.83-0.61-0.32
0.870.960.750.560.490.560.760.72-0.810.880.470.88-0.110.470.72-0.690.320.690.170.950.64-0.070.820.840.36
0.360.350.40.330.27-0.090.170.15-0.160.280.340.33-0.50.340.33-0.160.320.06-0.40.360.360.090.480.160.47
0.780.750.470.680.530.930.880.74-0.940.860.110.860.350.110.73-0.430.690.060.210.790.420.340.620.95-0.11
0.160.150.110.110.120.350.250.17-0.260.15-0.020.180.0-0.020.25-0.140.17-0.40.210.150.09-0.020.080.24-0.14
0.941.00.730.780.590.70.830.79-0.880.960.420.980.00.420.85-0.780.950.360.790.150.660.240.910.920.32
0.850.660.170.580.940.330.470.07-0.510.590.920.7-0.030.920.79-0.520.640.360.420.090.660.250.770.550.81
0.350.2-0.150.730.460.490.280.17-0.290.290.060.390.390.060.49-0.35-0.070.090.34-0.020.240.250.390.30.03
0.930.910.660.860.710.530.610.59-0.710.820.560.920.00.560.9-0.830.820.480.620.080.910.770.390.760.53
0.890.90.580.740.580.90.930.8-0.970.960.260.950.160.260.82-0.610.840.160.950.240.920.550.30.760.07
0.490.350.030.230.66-0.220.03-0.27-0.030.180.920.29-0.270.920.4-0.320.360.47-0.11-0.140.320.810.030.530.07
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Viq Solutions Account Relationship Matchups

Viq Solutions fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets42.7M47.7M35.5M29.7M34.1M35.8M
Short Long Term Debt Total14.0M14.3M9.9M13.5M15.5M16.3M
Other Current Liab328.1K2.5M367.4K2.6M2.9M3.1M
Total Current Liabilities8.5M10.3M17.2M8.9M10.2M5.4M
Total Stockholder Equity19.8M22.1M15.6M6.2M7.1M5.6M
Property Plant And Equipment Net525.4K1.6M2.5M1.7M1.9M2.0M
Current Deferred Revenue455.0K1.3M1.0M1.7M2.0M2.1M
Net Debt(2.9M)3.7M8.2M11.9M13.6M14.3M
Retained Earnings(35.3M)(55.0M)(63.7M)(78.1M)(70.3M)(66.7M)
Accounts Payable5.3M5.4M5.9M6.3M7.2M7.6M
Cash16.8M10.6M1.7M1.6M1.9M2.7M
Non Current Assets Total21.1M29.4M26.4M22.0M25.3M26.6M
Non Currrent Assets Other42.8K303.9K463.7K185.7K167.1K145.2K
Cash And Short Term Investments16.8M10.6M1.7M1.6M1.9M2.7M
Net Receivables4.5M5.6M5.4M4.3M4.9M2.5M
Common Stock Shares Outstanding18.1M26.4M31.6M37.3M33.6M54.1M
Liabilities And Stockholders Equity42.7M47.7M35.5M29.7M34.1M35.8M
Non Current Liabilities Total14.4M15.3M2.7M14.6M16.8M17.7M
Inventory49.4K49.6K37.8K29.1K33.5K43.1K
Other Current Assets254.2K2.1M2.1M1.7M2.0M2.1M
Other Stockholder Equity5.0M4.8M5.9M8.7M7.8M4.6M
Total Liab22.9M25.6M19.9M23.5M27.0M28.4M
Total Current Assets21.6M18.3M9.2M7.7M8.8M5.7M
Accumulated Other Comprehensive Income(78.9K)74.5K(1.2M)(670.8K)(603.7K)(573.5K)
Short Term Debt1.6M1.4M9.1M19.8K22.8K21.6K
Intangible Assets12.1M14.8M10.7M8.1M9.3M7.9M
Good Will7.0M12.3M12.0M12.1M13.9M14.6M
Other Assets406.7K372.1K1.5M768.7K1.151.09
Common Stock50.2M72.2M74.7M76.2M87.7M92.0M
Long Term Debt10.1M12.1M12.0M19.8K22.8K21.6K
Long Term Debt Total10.5M12.4M12.9M738.4K849.1K806.7K
Capital Surpluse4.6M5.0M4.8M5.9M6.8M4.2M
Property Plant Equipment758.6K525.4K1.6M2.5M2.9M3.0M
Other Liab107.8K2.1M2.4M2.0M2.3M2.4M
Net Tangible Assets(12.3M)692.0K(5.0M)(7.1M)(6.4M)(6.7M)
Capital Lease Obligations689.6K354.2K1.2M1.2M1.4M1.5M
Net Invested Capital13.4M33.4M35.2M24.3M27.9M23.0M
Net Working Capital(2.8M)13.1M8.0M(8.0M)(7.2M)(6.9M)
Short Long Term Debt1.1M1.5M1.1M8.6M9.9M10.4M
Capital Stock22.0M50.2M72.2M74.7M85.9M52.3M

Other Information on Investing in Viq Stock

Balance Sheet is a snapshot of the financial position of Viq Solutions at a specified time, usually calculated after every quarter, six months, or one year. Viq Solutions Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Viq Solutions and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Viq currently owns. An asset can also be divided into two categories, current and non-current.