Codexis Free Cash Flow Yield vs Free Cash Flow Analysis

CDXS Stock

USD 5.28 0.16 3.13%

Codexis financial indicator trend analysis is way more than just evaluating Codexis prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Codexis is a good investment. Please check the relationship between Codexis Free Cash Flow Yield and its Free Cash Flow accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Codexis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

For more information on how to buy Codexis Stock please use our How to Invest in Codexis guide.

Free Cash Flow Yield vs Free Cash Flow

Free Cash Flow Yield vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Codexis Free Cash Flow Yield account and Free Cash Flow. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Codexis' Free Cash Flow Yield and Free Cash Flow is 0.54. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Codexis, assuming nothing else is changed. The correlation between historical values of Codexis' Free Cash Flow Yield and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Codexis are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Free Cash Flow Yield i.e., Codexis' Free Cash Flow Yield and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.54

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Codexis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Codexis 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 Codexis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

For more information on how to buy Codexis Stock please use our How to Invest in Codexis guide.Tax Provision is likely to gain to about 194.2 K in 2024, whereas Selling General Administrative is likely to drop slightly above 35.1 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	7.6M	1.4M	1.7M	1.9M
Depreciation And Amortization	5.9M	10.3M	9.9M	6.9M

Interest Expense Depreciation And Amortization

Codexis fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets
Total Assets		0.91	0.94	0.78	0.92	0.96	0.14	-0.8	-0.52	-0.03	0.91	0.9	0.11	0.95	0.97	0.19	0.68	0.4	0.2	0.83	0.75	0.62	0.78	0.98	0.72	-0.07
Short Long Term Debt Total	0.91		0.84	0.72	0.76	0.94	0.19	-0.71	-0.57	-0.29	0.88	0.82	-0.11	0.86	0.92	0.1	0.65	0.55	-0.05	0.76	0.71	0.73	0.79	0.89	0.76	-0.37
Other Current Liab	0.94	0.84		0.91	0.85	0.93	0.36	-0.66	-0.62	0.13	0.77	0.91	0.31	0.83	0.94	0.15	0.71	0.3	0.36	0.85	0.77	0.59	0.86	0.88	0.58	-0.03
Total Current Liabilities	0.78	0.72	0.91		0.64	0.8	0.68	-0.47	-0.61	0.19	0.59	0.81	0.22	0.63	0.85	0.04	0.62	0.3	0.46	0.72	0.67	0.62	0.81	0.71	0.53	-0.1
Total Stockholder Equity	0.92	0.76	0.85	0.64		0.84	-0.02	-0.77	-0.56	0.09	0.83	0.81	0.2	0.88	0.89	0.44	0.8	0.05	0.22	0.79	0.85	0.27	0.64	0.91	0.59	0.1
Property Plant And Equipment Net	0.96	0.94	0.93	0.8	0.84		0.18	-0.62	-0.5	-0.03	0.8	0.96	0.1	0.83	0.95	0.14	0.65	0.46	0.22	0.86	0.71	0.68	0.81	0.88	0.74	-0.08
Current Deferred Revenue	0.14	0.19	0.36	0.68	-0.02	0.18		0.01	-0.46	0.04	0.05	0.21	0.08	0.03	0.27	-0.07	0.23	0.09	0.24	0.17	0.22	0.35	0.42	0.1	0.08	-0.27
Net Debt	-0.8	-0.71	-0.66	-0.47	-0.77	-0.62	0.01		0.51	0.32	-0.96	-0.46	0.07	-0.95	-0.75	-0.14	-0.61	-0.31	0.18	-0.54	-0.67	-0.43	-0.51	-0.91	-0.55	0.35
Retained Earnings	-0.52	-0.57	-0.62	-0.61	-0.56	-0.5	-0.46	0.51		0.1	-0.55	-0.4	-0.02	-0.51	-0.59	-0.36	-0.86	0.19	0.03	-0.54	-0.85	-0.09	-0.74	-0.54	-0.13	0.41
Accounts Payable	-0.03	-0.29	0.13	0.19	0.09	-0.03	0.04	0.32	0.1		-0.33	0.18	0.29	-0.19	-0.03	0.06	-0.05	-0.39	0.92	-0.01	-0.04	-0.25	0.07	-0.13	-0.33	0.71
Cash	0.91	0.88	0.77	0.59	0.83	0.8	0.05	-0.96	-0.55	-0.33		0.64	-0.1	0.98	0.87	0.12	0.68	0.43	-0.14	0.67	0.74	0.58	0.64	0.97	0.69	-0.38
Non Current Assets Total	0.9	0.82	0.91	0.81	0.81	0.96	0.21	-0.46	-0.4	0.18	0.64		0.25	0.71	0.88	0.17	0.55	0.36	0.44	0.86	0.62	0.59	0.78	0.78	0.66	0.18
Non Currrent Assets Other	0.11	-0.11	0.31	0.22	0.2	0.1	0.08	0.07	-0.02	0.29	-0.1	0.25		0.0	0.07	0.08	0.12	-0.26	0.31	0.41	0.1	-0.14	0.14	0.04	-0.13	0.49
Cash And Short Term Investments	0.95	0.86	0.83	0.63	0.88	0.83	0.03	-0.95	-0.51	-0.19	0.98	0.71	0.0		0.9	0.16	0.65	0.39	0.0	0.71	0.72	0.56	0.66	0.99	0.67	-0.22
Net Receivables	0.97	0.92	0.94	0.85	0.89	0.95	0.27	-0.75	-0.59	-0.03	0.87	0.88	0.07	0.9		0.22	0.75	0.37	0.2	0.77	0.8	0.62	0.76	0.94	0.76	-0.18
Good Will	0.19	0.1	0.15	0.04	0.44	0.14	-0.07	-0.14	-0.36	0.06	0.12	0.17	0.08	0.16	0.22		0.43	-0.61	-0.06	0.07	0.38	-0.47	0.03	0.18	0.13	0.21
Common Stock Shares Outstanding	0.68	0.65	0.71	0.62	0.8	0.65	0.23	-0.61	-0.86	-0.05	0.68	0.55	0.12	0.65	0.75	0.43		-0.17	0.03	0.66	0.99	0.08	0.6	0.69	0.38	-0.24
Non Current Liabilities Total	0.4	0.55	0.3	0.3	0.05	0.46	0.09	-0.31	0.19	-0.39	0.43	0.36	-0.26	0.39	0.37	-0.61	-0.17		-0.13	0.25	-0.1	0.93	0.28	0.39	0.59	-0.39
Inventory	0.2	-0.05	0.36	0.46	0.22	0.22	0.24	0.18	0.03	0.92	-0.14	0.44	0.31	0.0	0.2	-0.06	0.03	-0.13		0.23	0.08	0.06	0.29	0.07	-0.09	0.67
Other Current Assets	0.83	0.76	0.85	0.72	0.79	0.86	0.17	-0.54	-0.54	-0.01	0.67	0.86	0.41	0.71	0.77	0.07	0.66	0.25	0.23		0.73	0.47	0.8	0.75	0.49	0.06
Other Stockholder Equity	0.75	0.71	0.77	0.67	0.85	0.71	0.22	-0.67	-0.85	-0.04	0.74	0.62	0.1	0.72	0.8	0.38	0.99	-0.1	0.08	0.73		0.16	0.67	0.76	0.43	-0.23
Total Liab	0.62	0.73	0.59	0.62	0.27	0.68	0.35	-0.43	-0.09	-0.25	0.58	0.59	-0.14	0.56	0.62	-0.47	0.08	0.93	0.06	0.47	0.16		0.56	0.58	0.66	-0.37
Property Plant And Equipment Gross	0.78	0.79	0.86	0.81	0.64	0.81	0.42	-0.51	-0.74	0.07	0.64	0.78	0.14	0.66	0.76	0.03	0.6	0.28	0.29	0.8	0.67	0.56		0.71	0.3	-0.15
Total Current Assets	0.98	0.89	0.88	0.71	0.91	0.88	0.1	-0.91	-0.54	-0.13	0.97	0.78	0.04	0.99	0.94	0.18	0.69	0.39	0.07	0.75	0.76	0.58	0.71		0.7	-0.19
Short Term Debt	0.72	0.76	0.58	0.53	0.59	0.74	0.08	-0.55	-0.13	-0.33	0.69	0.66	-0.13	0.67	0.76	0.13	0.38	0.59	-0.09	0.49	0.43	0.66	0.3	0.7		-0.24
Intangible Assets	-0.07	-0.37	-0.03	-0.1	0.1	-0.08	-0.27	0.35	0.41	0.71	-0.38	0.18	0.49	-0.22	-0.18	0.21	-0.24	-0.39	0.67	0.06	-0.23	-0.37	-0.15	-0.19	-0.24

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Codexis Account Relationship Matchups

Codexis fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	149.1M	221.6M	246.4M	250.4M	136.6M	124.1M
Short Long Term Debt Total	26.1M	25.0M	47.7M	43.6M	16.0M	17.2M
Other Current Liab	11.5M	14.9M	19.6M	21.4M	16.0M	13.6M
Total Current Liabilities	15.4M	25.0M	33.4M	49.1M	35.8M	28.4M
Total Stockholder Equity	105.5M	170.1M	164.4M	144.8M	86.6M	56.1M
Property Plant And Equipment Net	30.4M	31.2M	65.5M	61.9M	28.6M	21.9M
Current Deferred Revenue	57K	1.8M	2.6M	13.7M	10.1M	10.6M
Net Debt	(64.4M)	(124.2M)	(69.1M)	(70.3M)	(49.1M)	(51.5M)
Retained Earnings	(342.4M)	(366.4M)	(387.7M)	(421.3M)	(497.5M)	(472.7M)
Accounts Payable	2.6M	3.0M	3.0M	3.2M	5.9M	4.0M
Cash	90.5M	149.1M	116.8M	114.0M	65.1M	60.0M
Non Current Assets Total	34.9M	37.2M	84.5M	87.5M	43.1M	36.4M
Non Currrent Assets Other	1.2M	1.4M	1.8M	1.9M	2.3M	1.8M
Cash And Short Term Investments	90.5M	150.1M	116.8M	114.0M	65.1M	66.9M
Net Receivables	20.2M	29.3M	37.7M	40.9M	19.9M	15.8M
Common Stock Shares Outstanding	56.5M	59.4M	64.6M	65.3M	68.1M	41.4M
Liabilities And Stockholders Equity	149.1M	221.6M	246.4M	250.4M	136.6M	124.1M
Non Current Liabilities Total	28.2M	26.6M	48.6M	56.5M	14.1M	13.4M
Inventory	371K	964K	1.2M	2.0M	2.7M	1.4M
Other Current Assets	3.2M	4.1M	6.3M	6.0M	5.7M	2.9M
Other Stockholder Equity	447.9M	536.5M	552.1M	566.1M	584.1M	340.0M
Total Liab	43.6M	51.5M	82.0M	105.6M	49.9M	49.4M
Property Plant And Equipment Gross	30.4M	31.2M	65.5M	61.9M	67.9M	71.3M
Total Current Assets	114.2M	184.4M	161.9M	162.9M	93.5M	87.7M
Short Term Debt	1.2M	5.3M	8.2M	10.7M	(2.7M)	(2.6M)
Other Liab	3.2M	4.2M	5.1M	18.3M	16.4M	17.2M
Other Assets	1.2M	1.4M	1.8M	1.9M	1.7M	1.6M
Property Plant Equipment	6.3M	9.7M	65.5M	61.9M	71.2M	74.7M
Net Tangible Assets	102.3M	166.9M	161.2M	141.6M	162.8M	170.9M
Retained Earnings Total Equity	(330.5M)	(342.4M)	(366.4M)	(387.7M)	(348.9M)	(366.4M)
Capital Surpluse	386.8M	447.9M	536.5M	552.1M	634.9M	406.3M
Long Term Investments	0.0	1.5M	14.0M	20.5M	9.7M	5.5M

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