Cutera Change To Inventory vs Free Cash Flow Analysis

CUTR Stock

USD 0.36 0.03 7.69%

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

Change To Inventory vs Free Cash Flow

Change To Inventory vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cutera Inc Change To Inventory account and Free Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Cutera's Change To Inventory and Free Cash Flow is -0.34. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Cutera Inc, assuming nothing else is changed. The correlation between historical values of Cutera's Change To Inventory 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 Change To Inventory of Cutera Inc 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 Change To Inventory i.e., Cutera's Change To Inventory and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.34

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

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

At this time, Cutera's Selling General Administrative is relatively stable compared to the past year. As of 12/15/2024, Tax Provision is likely to grow to about 1.6 M, while Sales General And Administrative To Revenue is likely to drop 0.26.

	2021	2022	2023	2024 (projected)
Gross Profit	133.1M	139.8M	41.5M	61.7M
Total Revenue	231.3M	252.4M	212.4M	112.8M

Gross Profit Total Revenue

Cutera fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Property Plant And Equipment Gross	Intangible Assets	Common Stock
Total Assets		-0.63	0.87	-0.77	0.91	0.14	0.88	0.77	0.58	0.95	0.99	0.82	0.92	0.93	0.91	0.91	0.8	0.9	0.69	0.46	0.93	0.9	0.93	0.91	0.24	0.7
Total Stockholder Equity	-0.63		-0.89	0.95	-0.69	0.18	-0.27	-0.34	-0.09	-0.85	-0.56	-0.68	-0.68	-0.82	-0.66	-0.86	-0.93	-0.81	-0.27	0.29	-0.87	-0.77	-0.44	-0.87	-0.03	-0.31
Net Debt	0.87	-0.89		-0.92	0.78	-0.1	0.63	0.53	0.33	0.97	0.83	0.72	0.8	0.94	0.86	0.94	0.9	0.88	0.45	0.15	0.98	0.86	0.72	0.96	0.11	0.49
Retained Earnings	-0.77	0.95	-0.92		-0.8	0.17	-0.43	-0.58	-0.39	-0.92	-0.71	-0.75	-0.78	-0.91	-0.73	-0.93	-0.98	-0.9	-0.52	0.13	-0.93	-0.86	-0.56	-0.95	-0.13	-0.56
Cash	0.91	-0.69	0.78	-0.8		0.13	0.72	0.75	0.51	0.91	0.89	0.88	0.9	0.88	0.76	0.88	0.86	0.9	0.67	0.22	0.89	0.88	0.82	0.88	0.24	0.65
Other Assets	0.14	0.18	-0.1	0.17	0.13		0.14	0.23	0.03	0.02	0.14	0.33	0.29	0.13	0.22	0.13	-0.09	0.15	0.17	0.06	-0.03	0.21	0.37	0.06	0.17	0.14
Cash And Short Term Investments	0.88	-0.27	0.63	-0.43	0.72	0.14		0.71	0.64	0.71	0.92	0.54	0.68	0.69	0.73	0.61	0.45	0.6	0.66	0.8	0.7	0.62	0.9	0.63	0.23	0.65
Common Stock Shares Outstanding	0.77	-0.34	0.53	-0.58	0.75	0.23	0.71		0.89	0.66	0.77	0.7	0.78	0.68	0.62	0.68	0.59	0.74	0.98	0.33	0.63	0.74	0.69	0.66	0.35	0.98
Other Stockholder Equity	0.58	-0.09	0.33	-0.39	0.51	0.03	0.64	0.89		0.43	0.61	0.39	0.51	0.47	0.39	0.42	0.36	0.47	0.93	0.44	0.41	0.46	0.49	0.44	0.33	0.93
Total Liab	0.95	-0.85	0.97	-0.92	0.91	0.02	0.71	0.66	0.43		0.91	0.85	0.91	0.98	0.89	0.98	0.94	0.95	0.58	0.18	1.0	0.94	0.82	0.98	0.18	0.6
Total Current Assets	0.99	-0.56	0.83	-0.71	0.89	0.14	0.92	0.77	0.61	0.91		0.79	0.89	0.9	0.89	0.86	0.74	0.86	0.7	0.54	0.89	0.86	0.95	0.86	0.24	0.7
Other Current Liab	0.82	-0.68	0.72	-0.75	0.88	0.33	0.54	0.7	0.39	0.85	0.79		0.96	0.86	0.84	0.88	0.85	0.93	0.63	0.01	0.81	0.95	0.77	0.85	0.19	0.62
Total Current Liabilities	0.92	-0.68	0.8	-0.78	0.9	0.29	0.68	0.78	0.51	0.91	0.89	0.96		0.92	0.92	0.92	0.85	0.97	0.71	0.17	0.87	0.98	0.87	0.9	0.23	0.71
Property Plant And Equipment Net	0.93	-0.82	0.94	-0.91	0.88	0.13	0.69	0.68	0.47	0.98	0.9	0.86	0.92		0.91	0.98	0.92	0.95	0.6	0.16	0.97	0.94	0.84	0.99	0.19	0.63
Accounts Payable	0.91	-0.66	0.86	-0.73	0.76	0.22	0.73	0.62	0.39	0.89	0.89	0.84	0.92	0.91		0.88	0.78	0.88	0.55	0.3	0.87	0.92	0.89	0.87	0.22	0.59
Non Current Assets Total	0.91	-0.86	0.94	-0.93	0.88	0.13	0.61	0.68	0.42	0.98	0.86	0.88	0.92	0.98	0.88		0.95	0.97	0.6	0.06	0.97	0.96	0.77	0.99	0.23	0.63
Non Currrent Assets Other	0.8	-0.93	0.9	-0.98	0.86	-0.09	0.45	0.59	0.36	0.94	0.74	0.85	0.85	0.92	0.78	0.95		0.93	0.53	-0.13	0.93	0.91	0.61	0.95	0.19	0.56
Net Receivables	0.9	-0.81	0.88	-0.9	0.9	0.15	0.6	0.74	0.47	0.95	0.86	0.93	0.97	0.95	0.88	0.97	0.93		0.66	0.05	0.93	0.99	0.78	0.95	0.2	0.68
Common Stock Total Equity	0.69	-0.27	0.45	-0.52	0.67	0.17	0.66	0.98	0.93	0.58	0.7	0.63	0.71	0.6	0.55	0.6	0.53	0.66		0.31	0.54	0.67	0.6	0.58	0.36	0.99
Short Term Investments	0.46	0.29	0.15	0.13	0.22	0.06	0.8	0.33	0.44	0.18	0.54	0.01	0.17	0.16	0.3	0.06	-0.13	0.05	0.31		0.18	0.07	0.56	0.08	0.08	0.29
Non Current Liabilities Total	0.93	-0.87	0.98	-0.93	0.89	-0.03	0.7	0.63	0.41	1.0	0.89	0.81	0.87	0.97	0.87	0.97	0.93	0.93	0.54	0.18		0.91	0.79	0.98	0.16	0.57
Inventory	0.9	-0.77	0.86	-0.86	0.88	0.21	0.62	0.74	0.46	0.94	0.86	0.95	0.98	0.94	0.92	0.96	0.91	0.99	0.67	0.07	0.91		0.8	0.94	0.24	0.69
Other Current Assets	0.93	-0.44	0.72	-0.56	0.82	0.37	0.9	0.69	0.49	0.82	0.95	0.77	0.87	0.84	0.89	0.77	0.61	0.78	0.6	0.56	0.79	0.8		0.78	0.19	0.6
Property Plant And Equipment Gross	0.91	-0.87	0.96	-0.95	0.88	0.06	0.63	0.66	0.44	0.98	0.86	0.85	0.9	0.99	0.87	0.99	0.95	0.95	0.58	0.08	0.98	0.94	0.78		0.18	0.61
Intangible Assets	0.24	-0.03	0.11	-0.13	0.24	0.17	0.23	0.35	0.33	0.18	0.24	0.19	0.23	0.19	0.22	0.23	0.19	0.2	0.36	0.08	0.16	0.24	0.19	0.18		0.36
Common Stock	0.7	-0.31	0.49	-0.56	0.65	0.14	0.65	0.98	0.93	0.6	0.7	0.62	0.71	0.63	0.59	0.63	0.56	0.68	0.99	0.29	0.57	0.69	0.6	0.61	0.36

Click cells to compare fundamentals

Cutera Account Relationship Matchups

Cutera fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	113.7M	132.7M	280.3M	521.0M	346.3M	363.6M
Total Stockholder Equity	45.9M	56.9M	56.6M	(15.2M)	(171.8M)	(163.2M)
Net Debt	(18.4M)	(21.7M)	(14.0M)	284.7M	288.3M	302.7M
Retained Earnings	(36.4M)	(60.2M)	(58.2M)	(140.5M)	(303.3M)	(288.2M)
Cash	26.3M	47.0M	164.2M	145.9M	143.6M	150.8M
Other Assets	6.8M	22.8M	11.6M	15.2M	1.0	0.95
Cash And Short Term Investments	33.9M	47.0M	164.2M	317.3M	143.6M	87.1M
Common Stock Shares Outstanding	14.1M	16.7M	18.4M	18.7M	19.9M	15.1M
Liabilities And Stockholders Equity	113.7M	132.7M	280.3M	521.0M	346.3M	363.6M
Other Stockholder Equity	82.3M	117.1M	114.7M	125.4M	131.5M	80.7M
Total Liab	67.8M	75.9M	223.7M	536.2M	518.1M	544.0M
Total Current Assets	95.0M	106.3M	249.7M	451.2M	269.2M	282.6M
Other Current Liab	32.3M	27.0M	45.0M	47.9M	47.9M	50.3M
Total Current Liabilities	55.8M	50.7M	73.9M	105.8M	87.7M	92.1M
Property Plant And Equipment Net	10.5M	19.4M	17.6M	53.2M	47.3M	49.7M
Accounts Payable	12.7M	6.7M	7.9M	33.7M	19.8M	20.8M
Non Current Assets Total	18.7M	26.4M	30.6M	69.7M	77.1M	81.0M
Non Currrent Assets Other	6.4M	5.1M	10.2M	14.6M	27.9M	29.3M
Net Receivables	21.6M	22.0M	31.4M	45.6M	49.4M	51.9M
Short Term Investments	21.7M	9.5M	7.6M	0.0	74.0M	171.4M
Non Current Liabilities Total	12.0M	25.1M	149.8M	430.3M	430.4M	451.9M
Inventory	33.9M	28.5M	39.5M	63.6M	62.6M	65.7M
Other Current Assets	5.6M	8.8M	17.1M	38.7M	13.5M	14.2M
Property Plant And Equipment Gross	10.5M	19.4M	17.6M	53.2M	57.7M	60.5M
Property Plant Equipment	2.8M	19.4M	17.6M	53.2M	61.2M	64.2M
Other Liab	3.5M	1.7M	1.3M	1.7M	1.5M	2.8M
Current Deferred Revenue	10.8M	9.5M	9.5M	11.8M	10.4M	7.7M
Accumulated Other Comprehensive Income	(60K)	0.0	(11K)	(94K)	(108.1K)	(113.5K)
Net Tangible Assets	45.9M	55.5M	55.2M	(16.5M)	(14.9M)	(14.1M)
Retained Earnings Total Equity	(24.0M)	(36.4M)	(60.2M)	(140.5M)	(126.5M)	(120.1M)
Capital Surpluse	70.5M	82.3M	117.1M	125.4M	144.2M	100.2M
Deferred Long Term Liab	5.2M	3.4M	3.4M	4.2M	4.8M	5.1M
Short Term Debt	24K	5.9M	3.0M	3.3M	3.3M	4.1M
Short Long Term Debt Total	7.9M	25.4M	150.1M	430.6M	431.9M	453.5M
Non Current Liabilities Other	5.8M	242K	763K	862K	1.3M	1.4M
Capital Lease Obligations	7.9M	18.2M	15.9M	14.2M	11.3M	10.8M

Pair Trading with Cutera

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cutera position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cutera will appreciate offsetting losses from the drop in the long position's value.

Moving against Cutera Stock

0.87	VREX	Varex Imaging Corp	Pair Corr
0.84	LH	Laboratory	Pair Corr
0.83	MD	Mednax Inc	Pair Corr
0.83	DOCS	Doximity	Pair Corr
0.82	GH	Guardant Health	Pair Corr

The ability to find closely correlated positions to Cutera could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cutera when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cutera - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cutera Inc to buy it.

The correlation of Cutera is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cutera moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cutera Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Cutera can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Cutera Stock Analysis

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

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