Lens Total Revenue vs Total Assets Analysis

300433 Stock   22.74  0.02  0.09%   
Lens Technology financial indicator trend analysis is infinitely more than just investigating Lens Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lens Technology is a good investment. Please check the relationship between Lens Technology Total Revenue and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Lens Technology Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Total Revenue vs Total Assets

Total Revenue vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lens Technology Total Revenue account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Lens Technology's Total Revenue and Total Assets is 0.97. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Total Assets in the same time period over historical financial statements of Lens Technology Co, assuming nothing else is changed. The correlation between historical values of Lens Technology's Total Revenue and Total Assets 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 Revenue of Lens Technology Co are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Revenue i.e., Lens Technology's Total Revenue and Total Assets go up and down completely randomly.

Correlation Coefficient

0.97
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Revenue

Total revenue comprises all receipts Lens Technology generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Total Assets

Total assets refers to the total amount of Lens Technology assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Lens Technology books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Lens Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lens Technology 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 Lens Technology Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
The current year's Selling General Administrative is expected to grow to about 1.3 B. The current year's Tax Provision is expected to grow to about 270.5 M
 2021 2022 2023 2024 (projected)
Operating Income3.0B3.6B3.8B3.2B
Total Revenue45.3B46.7B54.5B29.0B

Lens Technology fundamental ratios Correlations

-0.270.940.990.90.970.980.920.850.930.970.60.980.270.981.00.90.910.970.310.780.870.560.970.880.97
-0.27-0.14-0.32-0.39-0.44-0.32-0.02-0.5-0.25-0.380.18-0.30.25-0.19-0.23-0.28-0.39-0.27-0.03-0.37-0.220.35-0.13-0.24-0.27
0.94-0.140.890.830.910.940.90.740.820.910.710.90.370.980.930.880.870.840.430.620.890.750.90.890.88
0.99-0.320.890.910.960.960.910.860.910.960.510.990.210.950.990.880.90.980.210.810.840.470.960.850.96
0.9-0.390.830.910.890.880.850.940.830.870.410.910.050.870.90.920.960.920.250.920.870.360.930.870.94
0.97-0.440.910.960.890.980.860.850.880.980.580.940.270.940.950.890.910.910.340.710.850.530.890.870.9
0.98-0.320.940.960.880.980.870.860.930.990.650.950.270.980.970.920.930.930.410.710.910.580.920.910.94
0.92-0.020.90.910.850.860.870.70.80.840.590.930.310.920.930.80.80.890.190.710.750.660.960.760.87
0.85-0.50.740.860.940.850.860.70.850.870.40.83-0.010.810.830.940.960.870.390.870.880.270.830.890.9
0.93-0.250.820.910.830.880.930.80.850.950.670.880.240.920.910.870.870.910.480.730.830.440.890.840.92
0.97-0.380.910.960.870.980.990.840.870.950.670.930.280.960.960.90.910.910.430.710.880.530.90.890.93
0.60.180.710.510.410.580.650.590.40.670.670.470.640.710.580.590.530.440.720.130.60.820.560.640.5
0.98-0.30.90.990.910.940.950.930.830.880.930.470.20.940.990.860.890.980.160.830.820.470.970.820.96
0.270.250.370.210.050.270.270.31-0.010.240.280.640.20.340.290.150.10.120.21-0.140.180.650.230.20.12
0.98-0.190.980.950.870.940.980.920.810.920.960.710.940.340.970.910.90.910.430.70.890.660.950.90.94
1.0-0.230.930.990.90.950.970.930.830.910.960.580.990.290.970.890.90.970.250.790.870.570.970.870.96
0.9-0.280.880.880.920.890.920.80.940.870.90.590.860.150.910.890.980.890.460.790.980.530.890.990.93
0.91-0.390.870.90.960.910.930.80.960.870.910.530.890.10.90.90.980.90.410.850.960.440.90.960.95
0.97-0.270.840.980.920.910.930.890.870.910.910.440.980.120.910.970.890.90.160.880.840.390.960.840.98
0.31-0.030.430.210.250.340.410.190.390.480.430.720.160.210.430.250.460.410.16-0.010.480.490.220.530.27
0.78-0.370.620.810.920.710.710.710.870.730.710.130.83-0.140.70.790.790.850.88-0.010.740.070.840.710.88
0.87-0.220.890.840.870.850.910.750.880.830.880.60.820.180.890.870.980.960.840.480.740.570.850.990.91
0.560.350.750.470.360.530.580.660.270.440.530.820.470.650.660.570.530.440.390.490.070.570.540.60.42
0.97-0.130.90.960.930.890.920.960.830.890.90.560.970.230.950.970.890.90.960.220.840.850.540.850.96
0.88-0.240.890.850.870.870.910.760.890.840.890.640.820.20.90.870.990.960.840.530.710.990.60.850.9
0.97-0.270.880.960.940.90.940.870.90.920.930.50.960.120.940.960.930.950.980.270.880.910.420.960.9
Click cells to compare fundamentals

Lens Technology Account Relationship Matchups

Lens Technology fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets47.0B79.6B76.6B78.3B77.5B45.0B
Other Current Liab718.7M1.3B246.9M60.8M116.4M110.6M
Total Current Liabilities19.0B27.0B20.1B22.2B19.1B15.7B
Total Stockholder Equity22.4B42.2B42.6B44.2B46.3B23.3B
Other Liab802.5M664.0M1.8B1.7B1.9B2.0B
Retained Earnings12.7B16.4B16.7B16.5B18.3B11.3B
Accounts Payable8.1B9.9B10.2B10.1B11.1B6.6B
Cash5.7B19.3B10.2B11.7B10.5B6.4B
Other Assets1.8B1.2B2.0B3.1B3.6B3.8B
Long Term Debt4.9B6.9B11.0B9.1B9.6B5.1B
Net Receivables6.9B8.0B10.3B9.0B9.3B6.0B
Inventory3.2B6.8B6.1B6.7B6.7B3.7B
Other Current Assets865.7M1.0B1.1B424.7M359.2M341.2M
Total Liab24.6B37.3B33.8B34.0B30.9B21.7B
Intangible Assets2.9B5.8B5.5B5.2B5.2B2.8B
Common Stock2.6B3.9B4.3B5.0B5.7B6.0B
Property Plant Equipment24.1B26.1B33.0B34.8B40.0B42.0B
Net Tangible Assets19.4B33.4B34.2B34.3B39.4B23.7B
Other Stockholder Equity1.1B429.1M122.6M212.4M244.3M418.0M
Deferred Long Term Liab27.8M20.5M234.0M290.0M333.5M350.1M
Short Long Term Debt8.3B13.4B4.4B2.8B1.4B1.3B
Total Current Assets16.6B35.4B29.2B28.6B28.1B22.4B
Non Current Assets Total30.4B44.2B47.4B49.7B49.4B39.4B
Non Currrent Assets Other505.6M571.0M884.6M783.3M688.0M664.4M
Non Current Liabilities Total5.6B10.2B13.7B11.8B11.9B9.2B
Non Current Liabilities Other1.4M2.4M1.0M1.3M3.6M1.9M
Net Debt6.0B1.1B5.2B251.6M486.5M462.1M
Common Stock Shares Outstanding3.9B4.3B4.4B5.0B5.0B4.9B
Net Invested Capital34.0B62.5B58.1B56.1B57.3B51.5B
Net Working Capital(2.4B)8.4B9.1B6.4B9.0B9.5B

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.

Other Information on Investing in Lens Stock

Balance Sheet is a snapshot of the financial position of Lens Technology at a specified time, usually calculated after every quarter, six months, or one year. Lens Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Lens Technology 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 Lens currently owns. An asset can also be divided into two categories, current and non-current.