Innovex International, Financials

INVX Stock   13.56  0.16  1.19%   
Based on the key measurements obtained from Innovex International,'s financial statements, Innovex International, is not in a good financial situation at this time. It has a very high probability of going through financial hardship in January. At this time, Innovex International,'s Other Current Assets are fairly stable compared to the past year. Total Current Assets is likely to rise to about 783.7 M in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 2.2 M in 2024. Key indicators impacting Innovex International,'s financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.00250.0026
Notably Down
Pretty Stable
Current Ratio5.256.1147
Fairly Down
Very volatile
The financial analysis of Innovex International, is a critical element in measuring its lifeblood. Investors should not minimize Innovex International,'s ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

573,800

  
Understanding current and past Innovex International, Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Innovex International,'s financial statements are interrelated, with each one affecting the others. For example, an increase in Innovex International,'s assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Innovex International,'s accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Innovex International,. Check Innovex International,'s Beneish M Score to see the likelihood of Innovex International,'s management manipulating its earnings.

Innovex International, Stock Summary

Innovex International, competes with Weatherford International, TechnipFMC PLC, Geospace Technologies, Cactus, and ChampionX. Innovex, Inc. offer flexible circuit interconnect solutions to original equipment manufacturers in the electronics industry worldwide.
Specialization
Energy, Oil & Gas Equipment & Services
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
CUSIP262037104 457651107
Older SymbolDRQ
LocationTexas; U.S.A
Business Address19120 Kenswick Drive,
SectorEnergy Equipment & Services
IndustryEnergy
BenchmarkDow Jones Industrial
Websitewww.innovex-inc.com
Phone(346) 398 0000

Innovex International, Key Financial Ratios

Innovex International, Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets1.2B1.2B284.9M436.3M1.0B1.1B
Other Current Liab42.2M35.5M18.4M23.4M42.1M45.8M
Net Debt(397.4M)(344.7M)25.5M73.0M(189.1M)(198.5M)
Retained Earnings1.2B1.1B8.7M72.0M950.7M858.4M
Accounts Payable46.3M37.4M38.3M41.7M65.7M40.8M
Cash398.9M346.0M9.7M8.4M191.4M265.3M
Net Receivables248.2M256.5M82.7M126.2M284.0M216.8M
Inventory205.1M212.5M92.3M136.7M194.6M261.4M
Other Current Assets28.3M48.2M8.2M11.1M23.8M38.8M
Total Liab115.9M109.6M104.3M185.0M146.9M139.1M
Total Current Assets880.5M863.2M192.9M282.4M719.7M783.7M
Short Term Debt1.5M1.3M5.8M14.7M2.3M2.2M
Common Stock371K363K151K154K343K274.0K
Good Will7.7M7.9M16.7M23.9M16.7M17.7M
Intangible Assets32.1M29.3M35.9M49.8M41.8M40.1M

Innovex International, Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket.
201920202021202220232024 (projected)
Depreciation And Amortization34.0M32.4M17.7M18.5M30.5M27.1M
Total Revenue414.8M365.0M294.8M467.2M424.1M419.1M
Gross Profit119.4M95.1M87.4M157.2M115.4M160.4M
Other Operating Expenses409.1M383.7M280.8M390.6M422.7M470.6M
Operating Income5.7M(18.7M)14.1M76.6M1.4M1.3M
Ebit10.7M(61.4M)15.9M77.0M13.5M12.8M
Research Development17.3M18.9M15.1M11.7M12.6M22.8M
Ebitda44.8M(29.0M)33.6M95.4M43.9M41.7M
Cost Of Revenue295.4M269.9M207.4M310.0M308.6M355.7M
Total Operating Expenses113.8M113.8M73.3M80.6M114.0M114.9M
Income Before Tax10.4M(62.0M)13.7M72.9M13.5M12.8M
Total Other Income Expense Net4.7M(43.3M)(382K)(3.6M)12.1M12.7M
Net Income1.7M(30.8M)9.9M63.3M604K573.8K
Income Tax Expense8.7M(31.3M)3.8M9.7M12.9M20.5M

Innovex International, Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Innovex International,. It measures of how well Innovex is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Innovex International, brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Innovex had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Innovex International, has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change To Inventory(14.1M)(28.3M)(14.0M)(44.2M)(28.6M)(30.1M)
Change In Cash(19.2M)(53.0M)(14.2M)(1.3M)(73.4M)(69.7M)
Free Cash Flow3.2M(33.0M)(8.5M)(15.4M)(24.9M)(23.7M)
Change In Working Capital(34.0M)(83.1M)(32.4M)(79.6M)(23.8M)(25.0M)
Begin Period Cash Flow418.1M398.9M23.9M9.7M264.8M251.6M
Depreciation34.0M32.4M17.7M18.5M30.5M27.1M
Other Non Cash Items12.4M55.4M2.1M(2.1M)3.3M3.2M
Capital Expenditures11.5M11.9M6.4M9.6M32.6M25.3M
Total Cash From Operating Activities14.7M(21.1M)(2.0M)(5.8M)7.7M7.3M
Change To Account Receivables(46.2M)(9.3M)(27.1M)(37.6M)(29.1M)(30.5M)
Net Income1.7M(30.8M)9.9M63.3M604K573.8K
Total Cash From Financing Activities(24.6M)(25.2M)10.1M42.3M(124K)(130.2K)
End Period Cash Flow398.9M346.0M9.7M8.4M191.4M265.3M
Sale Purchase Of Stock(26.6M)(25M)(331K)(1.3M)(1.5M)(1.6M)

Innovex Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Innovex International,'s current stock value. Our valuation model uses many indicators to compare Innovex International, value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Innovex International, competition to find correlations between indicators driving Innovex International,'s intrinsic value. More Info.
Innovex International, is rated fifth overall in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about  0.27  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Innovex International, is roughly  3.73 . At this time, Innovex International,'s Return On Equity is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Innovex International,'s earnings, one of the primary drivers of an investment's value.

Innovex International, Systematic Risk

Innovex International,'s systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Innovex International, volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Execute Function
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Innovex International, correlated with the market. If Beta is less than 0 Innovex International, generally moves in the opposite direction as compared to the market. If Innovex International, Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Innovex International, is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Innovex International, is generally in the same direction as the market. If Beta > 1 Innovex International, moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Innovex International, Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Innovex International,'s growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Innovex International, growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(5.8)

At this time, Innovex International,'s Price Earnings To Growth Ratio is fairly stable compared to the past year.

Innovex International, December 29, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Innovex International, help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Innovex International,. We use our internally-developed statistical techniques to arrive at the intrinsic value of Innovex International, based on widely used predictive technical indicators. In general, we focus on analyzing Innovex Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Innovex International,'s daily price indicators and compare them against related drivers.

Additional Tools for Innovex Stock Analysis

When running Innovex International,'s price analysis, check to measure Innovex International,'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 Innovex International, is operating at the current time. Most of Innovex International,'s value examination focuses on studying past and present price action to predict the probability of Innovex International,'s future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innovex International,'s price. Additionally, you may evaluate how the addition of Innovex International, to your portfolios can decrease your overall portfolio volatility.