Coda Stock Based Compensation vs Change To Inventory Analysis

CODA Stock  USD 8.87  0.13  1.44%   
Coda Octopus financial indicator trend analysis is way more than just evaluating Coda Octopus Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Coda Octopus Group is a good investment. Please check the relationship between Coda Octopus Stock Based Compensation and its Change To Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Coda Octopus Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Stock Based Compensation vs Change To Inventory

Stock Based Compensation vs Change To Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Coda Octopus Group Stock Based Compensation account and Change To Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Coda Octopus' Stock Based Compensation and Change To Inventory is -0.22. Overlapping area represents the amount of variation of Stock Based Compensation that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of Coda Octopus Group, assuming nothing else is changed. The correlation between historical values of Coda Octopus' Stock Based Compensation and Change To Inventory 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 Coda Octopus Group are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Stock Based Compensation i.e., Coda Octopus' Stock Based Compensation and Change To Inventory go up and down completely randomly.

Correlation Coefficient

-0.22
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.
Most indicators from Coda Octopus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Coda Octopus Group 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 Coda Octopus Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
At present, Coda Octopus' Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 11.33, whereas Selling General Administrative is forecasted to decline to about 5.9 M.
 2021 2022 2023 2024 (projected)
Gross Profit15.2M13.0M15.0M11.1M
Total Revenue22.2M19.4M22.3M18.4M

Coda Octopus fundamental ratios Correlations

-0.73-0.41-0.480.970.92-0.11-0.920.72-0.010.990.750.990.220.47-0.550.77-0.480.980.260.72-0.70.980.99-0.54-0.55
-0.730.620.63-0.87-0.790.060.9-0.940.48-0.7-0.6-0.7-0.440.080.76-0.640.7-0.7-0.11-0.350.98-0.76-0.720.630.76
-0.410.620.96-0.48-0.520.210.42-0.550.58-0.38-0.37-0.38-0.50.080.36-0.38-0.06-0.350.33-0.130.55-0.4-0.390.910.36
-0.480.630.96-0.54-0.560.250.49-0.550.59-0.46-0.45-0.46-0.48-0.040.32-0.48-0.08-0.410.33-0.250.56-0.46-0.470.970.32
0.97-0.87-0.48-0.540.94-0.14-0.970.84-0.180.950.760.950.310.32-0.680.78-0.620.950.230.65-0.850.970.96-0.57-0.67
0.92-0.79-0.52-0.560.94-0.31-0.880.71-0.170.860.860.860.370.45-0.750.83-0.540.870.180.72-0.80.930.88-0.55-0.75
-0.110.060.210.25-0.14-0.310.07-0.080.43-0.08-0.32-0.08-0.14-0.150.26-0.20.03-0.050.25-0.150.19-0.14-0.050.040.26
-0.920.90.420.49-0.97-0.880.07-0.890.22-0.91-0.72-0.91-0.25-0.210.69-0.770.7-0.91-0.26-0.590.89-0.93-0.920.530.69
0.72-0.94-0.55-0.550.840.71-0.08-0.89-0.530.730.440.730.27-0.23-0.720.49-0.710.740.120.21-0.940.770.74-0.54-0.72
-0.010.480.580.59-0.18-0.170.430.22-0.53-0.05-0.02-0.05-0.20.560.44-0.010.160.010.410.310.5-0.11-0.020.440.44
0.99-0.7-0.38-0.460.950.86-0.08-0.910.73-0.050.671.00.110.42-0.490.71-0.460.980.210.66-0.670.960.99-0.53-0.49
0.75-0.6-0.37-0.450.760.86-0.32-0.720.44-0.020.670.670.410.67-0.590.97-0.380.670.210.91-0.60.740.69-0.46-0.59
0.99-0.7-0.38-0.460.950.86-0.08-0.910.73-0.051.00.670.110.42-0.490.71-0.460.980.210.66-0.670.960.99-0.53-0.49
0.22-0.44-0.5-0.480.310.37-0.14-0.250.27-0.20.110.410.110.07-0.270.37-0.150.09-0.010.24-0.430.250.18-0.45-0.27
0.470.080.08-0.040.320.45-0.15-0.21-0.230.560.420.670.420.070.030.640.150.40.220.880.10.390.42-0.110.03
-0.550.760.360.32-0.68-0.750.260.69-0.720.44-0.49-0.59-0.49-0.270.03-0.530.73-0.52-0.15-0.30.81-0.65-0.510.251.0
0.77-0.64-0.38-0.480.780.83-0.2-0.770.49-0.010.710.970.710.370.64-0.53-0.380.710.260.92-0.620.750.72-0.52-0.53
-0.480.7-0.06-0.08-0.62-0.540.030.7-0.710.16-0.46-0.38-0.46-0.150.150.73-0.38-0.51-0.4-0.20.78-0.56-0.48-0.10.73
0.98-0.7-0.35-0.410.950.87-0.05-0.910.740.010.980.670.980.090.4-0.520.71-0.510.330.66-0.680.960.99-0.47-0.52
0.26-0.110.330.330.230.180.25-0.260.120.410.210.210.21-0.010.22-0.150.26-0.40.330.29-0.130.310.270.25-0.15
0.72-0.35-0.13-0.250.650.72-0.15-0.590.210.310.660.910.660.240.88-0.30.92-0.20.660.29-0.330.660.67-0.32-0.3
-0.70.980.550.56-0.85-0.80.190.89-0.940.5-0.67-0.6-0.67-0.430.10.81-0.620.78-0.68-0.13-0.33-0.75-0.690.520.81
0.98-0.76-0.4-0.460.970.93-0.14-0.930.77-0.110.960.740.960.250.39-0.650.75-0.560.960.310.66-0.750.97-0.49-0.65
0.99-0.72-0.39-0.470.960.88-0.05-0.920.74-0.020.990.690.990.180.42-0.510.72-0.480.990.270.67-0.690.97-0.53-0.51
-0.540.630.910.97-0.57-0.550.040.53-0.540.44-0.53-0.46-0.53-0.45-0.110.25-0.52-0.1-0.470.25-0.320.52-0.49-0.530.25
-0.550.760.360.32-0.67-0.750.260.69-0.720.44-0.49-0.59-0.49-0.270.031.0-0.530.73-0.52-0.15-0.30.81-0.65-0.510.25
Click cells to compare fundamentals

Coda Octopus Account Relationship Matchups

Coda Octopus fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets38.0M45.5M46.9M51.8M59.6M62.6M
Short Long Term Debt Total2.0M1.1M573.1K63.6K57.2K54.3K
Other Current Liab584.2K740.4K1.6M470.1K423.1K401.9K
Total Current Liabilities3.4M4.3M3.5M3.3M3.0M2.8M
Total Stockholder Equity34.4M41.0M43.4M48.4M55.7M58.5M
Property Plant And Equipment Net6.1M6.0M5.8M6.9M7.9M8.3M
Current Deferred Revenue1.0M2.0M943.6K975.5K878.0K939.2K
Net Debt(14.6M)(17.7M)(22.9M)(24.4M)(22.0M)(20.9M)
Retained Earnings(23.4M)(18.5M)(14.2M)(11.1M)(12.7M)(13.3M)
Accounts Payable1.3M1.5M793.2K1.3M1.2M1.3M
Cash15.1M17.7M22.9M24.4M28.1M29.5M
Non Current Assets Total10.4M9.9M9.9M11.0M12.6M7.2M
Cash And Short Term Investments15.1M17.7M22.9M24.4M28.1M29.5M
Net Receivables3.0M5.3M3.8M4.3M5.0M4.4M
Common Stock Total Equity10.7K10.8K10.9K10.9K9.8K9.3K
Common Stock Shares Outstanding11.3M11.3M11.3M11.3M13.0M7.4M
Liabilities And Stockholders Equity38.0M45.5M46.9M51.8M59.6M62.6M
Non Current Liabilities Total258.4K157.9K76.1K133.4K120.0K114.0K
Inventory9.1M10.7M10.0M11.7M13.4M14.1M
Other Current Assets402.2K1.8M432.3K416.8K479.3K462.6K
Other Stockholder Equity60.1M61.2M62.3M62.9M72.3M52.1M
Total Liab3.6M4.4M3.5M3.4M3.1M2.9M
Property Plant And Equipment Gross6.1M10.7M10.5M11.7M13.4M14.1M
Total Current Assets27.7M35.6M37.0M40.9M47.0M49.4M
Accumulated Other Comprehensive Income(2.3M)(1.7M)(4.7M)(3.4M)(3.1M)(2.9M)
Short Term Debt964.7K487.1K509.8K63.6K57.2K54.3K
Common Stock10.8K10.9K10.9K11.1K10.0K9.5K
Short Term Investments113.0K64.0K18.6K23.1K20.8K19.7K
Intangible Assets349.3K412.3K442.3K486.6K438.0K515.4K
Property Plant Equipment6.0M6.1M6.0M5.8M6.7M7.0M
Non Currrent Assets Other(9.8M)(9.8M)(9.7M)211.4K190.2K199.8K
Other Assets631.7K561.9K76.8K259.8K233.8K397.5K
Net Tangible Assets27.0M34.4M37.3M43.4M49.9M52.4M
Retained Earnings Total Equity(26.8M)(23.4M)(18.5M)(14.2M)(16.3M)(17.1M)
Capital Surpluse59.5M60.1M61.2M62.3M71.7M61.6M

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When determining whether Coda Octopus Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Coda Octopus' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Coda Octopus Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Coda Octopus Group Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Coda Octopus Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Coda Octopus. If investors know Coda will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Coda Octopus listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.222
Earnings Share
0.26
Revenue Per Share
1.678
Quarterly Revenue Growth
0.12
Return On Assets
0.0344
The market value of Coda Octopus Group is measured differently than its book value, which is the value of Coda that is recorded on the company's balance sheet. Investors also form their own opinion of Coda Octopus' value that differs from its market value or its book value, called intrinsic value, which is Coda Octopus' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Coda Octopus' market value can be influenced by many factors that don't directly affect Coda Octopus' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Coda Octopus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Coda Octopus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coda Octopus' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.