Innovative Stock Based Compensation vs Net Income Analysis

0JBD Stock   106.86  1.09  1.01%   
Innovative Industrial financial indicator trend analysis is infinitely more than just investigating Innovative Industrial recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Innovative Industrial is a good investment. Please check the relationship between Innovative Industrial Stock Based Compensation and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Innovative Industrial Properties. 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.

Stock Based Compensation vs Net Income

Stock Based Compensation vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Innovative Industrial Stock Based Compensation account and Net Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Innovative Industrial's Stock Based Compensation and Net Income is 0.98. Overlapping area represents the amount of variation of Stock Based Compensation that can explain the historical movement of Net Income in the same time period over historical financial statements of Innovative Industrial Properties, assuming nothing else is changed. The correlation between historical values of Innovative Industrial's Stock Based Compensation 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 Stock Based Compensation of Innovative Industrial Properties 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 Stock Based Compensation i.e., Innovative Industrial's Stock Based Compensation and Net Income go up and down completely randomly.

Correlation Coefficient

0.98
Relationship DirectionPositive 
Relationship StrengthVery Strong

Stock Based Compensation

Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Innovative Industrial financial statement analysis. It represents the amount of money remaining after all of Innovative Industrial Properties operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Innovative Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Innovative Industrial 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Innovative Industrial Properties. 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.
Selling General Administrative is likely to gain to about 41.9 M in 2024
 2021 2022 2023 2024 (projected)
Total Revenue204.6M276.4M309.5M325.0M
Depreciation And Amortization41.8M61.3M67.2M70.6M

Innovative Industrial fundamental ratios Correlations

0.970.931.00.930.91-0.80.880.841.0-0.530.711.00.970.95-0.261.00.980.910.990.910.990.990.94-0.470.35
0.970.90.960.920.97-0.810.860.810.97-0.630.60.981.00.9-0.110.961.00.880.950.90.970.980.9-0.450.23
0.930.90.921.00.85-0.850.990.780.92-0.420.580.920.90.97-0.120.930.910.860.921.00.950.910.99-0.710.1
1.00.960.920.930.89-0.790.880.841.0-0.50.720.990.960.95-0.291.00.970.90.990.910.990.980.94-0.480.37
0.930.921.00.930.88-0.850.980.760.93-0.470.560.930.920.97-0.090.930.920.850.921.00.950.920.99-0.690.1
0.910.970.850.890.88-0.720.830.630.92-0.780.480.920.960.830.060.90.960.740.880.860.920.920.83-0.380.15
-0.8-0.81-0.85-0.79-0.85-0.72-0.79-0.81-0.790.36-0.48-0.83-0.8-0.830.3-0.79-0.82-0.85-0.75-0.85-0.83-0.81-0.850.61-0.12
0.880.860.990.880.980.83-0.790.690.88-0.420.460.870.860.930.020.880.860.790.880.990.910.860.97-0.75-0.03
0.840.810.780.840.760.63-0.810.690.83-0.130.710.860.820.83-0.450.840.830.980.860.760.830.870.81-0.50.35
1.00.970.921.00.930.92-0.790.880.83-0.540.710.990.970.95-0.261.00.980.90.990.910.990.990.94-0.460.36
-0.53-0.63-0.42-0.5-0.47-0.780.36-0.42-0.13-0.54-0.16-0.54-0.62-0.37-0.25-0.5-0.61-0.25-0.45-0.43-0.54-0.51-0.38-0.15-0.09
0.710.60.580.720.560.48-0.480.460.710.71-0.160.70.650.74-0.720.70.640.630.720.540.640.710.65-0.080.83
1.00.980.920.990.930.92-0.830.870.860.99-0.540.70.990.94-0.260.990.990.920.980.910.991.00.93-0.470.34
0.971.00.90.960.920.96-0.80.860.820.97-0.620.650.990.91-0.140.961.00.880.960.90.970.990.9-0.430.28
0.950.90.970.950.970.83-0.830.930.830.95-0.370.740.940.91-0.30.950.920.870.950.960.950.950.99-0.630.31
-0.26-0.11-0.12-0.29-0.090.060.30.02-0.45-0.26-0.25-0.72-0.26-0.14-0.3-0.28-0.16-0.33-0.25-0.08-0.2-0.24-0.21-0.11-0.84
1.00.960.931.00.930.9-0.790.880.841.0-0.50.70.990.960.95-0.280.970.910.990.910.990.980.94-0.490.35
0.981.00.910.970.920.96-0.820.860.830.98-0.610.640.991.00.92-0.160.970.890.960.90.980.990.91-0.440.28
0.910.880.860.90.850.74-0.850.790.980.9-0.250.630.920.880.87-0.330.910.890.910.840.910.920.87-0.570.24
0.990.950.920.990.920.88-0.750.880.860.99-0.450.720.980.960.95-0.250.990.960.910.910.980.990.93-0.510.34
0.910.91.00.911.00.86-0.850.990.760.91-0.430.540.910.90.96-0.080.910.90.840.910.940.90.99-0.730.06
0.990.970.950.990.950.92-0.830.910.830.99-0.540.640.990.970.95-0.20.990.980.910.980.940.980.95-0.530.26
0.990.980.910.980.920.92-0.810.860.870.99-0.510.711.00.990.95-0.240.980.990.920.990.90.980.92-0.480.34
0.940.90.990.940.990.83-0.850.970.810.94-0.380.650.930.90.99-0.210.940.910.870.930.990.950.92-0.690.19
-0.47-0.45-0.71-0.48-0.69-0.380.61-0.75-0.5-0.46-0.15-0.08-0.47-0.43-0.63-0.11-0.49-0.44-0.57-0.51-0.73-0.53-0.48-0.690.39
0.350.230.10.370.10.15-0.12-0.030.350.36-0.090.830.340.280.31-0.840.350.280.240.340.060.260.340.190.39
Click cells to compare fundamentals

Innovative Industrial Account Relationship Matchups

Innovative Industrial fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets745.9M1.8B2.1B2.4B2.4B1.4B
Short Long Term Debt Total135.9M137.8M327.2M303.4M302.4M166.1M
Total Current Liabilities16.4M34.7M46.6M61.5M68.2M71.6M
Total Stockholder Equity548.0M1.5B1.6B2.0B2.0B1.1B
Property Plant And Equipment Net507.1M1.0B1.6B2.1B2.2B2.3B
Net Debt18.5M11.7M240.8M214.8M162.1M81.3M
Retained Earnings(19.9M)(48.1M)(75.2M)(117.4M)(156.9M)(149.0M)
Accounts Payable1.8M3.0M5.3M8.4M9.3M9.7M
Cash117.3M126.0M86.4M88.6M140.2M84.8M
Non Current Assets Total628.5M1.6B2.0B2.3B2.2B1.3B
Non Currrent Assets Other119.6M619.3M(2.1B)(2.4B)10.0M10.5M
Cash And Short Term Investments236.9M745.3M411.3M289.5M140.2M275.2M
Common Stock Shares Outstanding10.7M19.6M26.3M27.7M28.3M15.5M
Liabilities And Stockholders Equity745.9M1.8B2.1B2.4B2.4B1.3B
Non Current Liabilities Total181.5M208.4M426.3M391.5M369.9M220.6M
Capital Surpluse64M250.3M553.9M1.6B1.8B1.9B
Other Current Assets35.1M(745.3M)18.2M39.6M43.5M45.6M
Other Stockholder Equity553.9M1.6B1.7B2.1B2.1B1.1B
Total Liab197.8M243.1M472.9M452.9M438.1M248.2M
Total Current Assets117.3M126.0M99.3M126.7M183.7M97.8M
Accumulated Other Comprehensive Income(19.9M)(48.1M)(75.2M)(117.4M)(156.9M)(149.0M)
Common Stock13K24K26K28K32.2K18.7K
Property Plant Equipment507.1M1.0B1.6B2.1B2.4B2.5B
Other Current Liab14.6M31.7M41.3M53.0M54.0M31.3M
Other Liab45.6M70.7M99.1M88.1M101.3M58.5M
Net Tangible Assets534.0M1.5B1.6B1.9B2.2B2.3B
Other Assets1.9M1.8M10.0M12.4M(2.4B)(2.3B)
Short Term Investments119.6M619.3M324.9M200.9M21.9M20.9M

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