Innovative Total Operating Expenses vs Ebit Analysis

0JBD Stock   104.36  0.61  0.58%   
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 Total Operating Expenses and its Ebit 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.

Total Operating Expenses vs Ebit

Total Operating Expenses vs Ebit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Innovative Industrial Total Operating Expenses account and Ebit. At this time, the significance of the direction appears to have totally related.
The correlation between Innovative Industrial's Total Operating Expenses and Ebit is 0.99. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Ebit 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 Total Operating Expenses and Ebit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Operating Expenses of Innovative Industrial Properties are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Total Operating Expenses i.e., Innovative Industrial's Total Operating Expenses and Ebit go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Ebit

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

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Tools for Innovative Stock Analysis

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