Envela Ptb Ratio vs Capex To Depreciation Analysis
ELA Stock | USD 6.86 0.14 2.00% |
Envela Corp financial indicator trend analysis is much more than just examining Envela Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Envela Corp is a good investment. Please check the relationship between Envela Corp Ptb Ratio and its Capex To Depreciation accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Envela Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade Envela Stock refer to our How to Trade Envela Stock guide.
Ptb Ratio vs Capex To Depreciation
Ptb Ratio vs Capex To Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Envela Corp Ptb Ratio account and Capex To Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Envela Corp's Ptb Ratio and Capex To Depreciation is -0.22. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Envela Corp, assuming nothing else is changed. The correlation between historical values of Envela Corp's Ptb Ratio and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of Envela Corp are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Ptb Ratio i.e., Envela Corp's Ptb Ratio and Capex To Depreciation go up and down completely randomly.
Correlation Coefficient | -0.22 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.Most indicators from Envela Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Envela Corp 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Envela Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade Envela Stock refer to our How to Trade Envela Stock guide.At present, Envela Corp's Tax Provision is projected to decrease significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.18, whereas Selling General Administrative is forecasted to decline to about 16.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 31.2M | 44.8M | 40.3M | 42.3M | Total Revenue | 141.0M | 182.7M | 171.7M | 180.3M |
Envela Corp fundamental ratios Correlations
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Envela Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Envela Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 27.0M | 40.6M | 59.3M | 71.3M | 73.5M | 77.1M | |
Other Current Liab | 916.5K | (1.2M) | (492.6K) | 1.8M | 359.5K | 377.5K | |
Total Current Liabilities | 4.8M | 6.1M | 9.8M | 8.9M | 9.0M | 5.5M | |
Total Stockholder Equity | 11.2M | 17.6M | 27.6M | 43.3M | 48.3M | 50.7M | |
Property Plant And Equipment Net | 3.7M | 10.4M | 15.5M | 13.6M | 15.1M | 15.9M | |
Net Debt | 8.7M | 11.0M | 16.0M | 4.9M | 1.4M | 1.4M | |
Retained Earnings | (29.2M) | (22.9M) | (12.8M) | 2.9M | 10.0M | 10.5M | |
Non Current Assets Total | 8.7M | 17.1M | 24.9M | 22.4M | 23.6M | 24.8M | |
Net Receivables | 3.0M | 2.8M | 7.2M | 8.5M | 7.8M | 8.2M | |
Liabilities And Stockholders Equity | 27.0M | 40.6M | 59.3M | 71.3M | 73.5M | 77.1M | |
Non Current Liabilities Total | 11.0M | 16.9M | 21.8M | 19.1M | 16.2M | 17.0M | |
Inventory | 9.5M | 10.0M | 14.0M | 18.8M | 23.1M | 24.3M | |
Other Current Assets | 1.2M | 1.4M | 3.0M | 4.4M | 1.1M | 863.4K | |
Other Stockholder Equity | 42.2M | 41.9M | 40.2M | 40.2M | 38.0M | 20.8M | |
Total Liab | 15.8M | 23.0M | 31.6M | 28.0M | 25.2M | 26.4M | |
Property Plant And Equipment Gross | 3.7M | 10.4M | 18.1M | 16.9M | 19.1M | 20.1M | |
Total Current Assets | 18.4M | 23.5M | 34.4M | 48.9M | 49.9M | 52.4M | |
Short Term Debt | 2.3M | 4.4M | 5.9M | 2.9M | 5.0M | 5.2M | |
Cash | 4.5M | 9.2M | 10.1M | 17.2M | 17.9M | 18.7M | |
Non Currrent Assets Other | 204.8K | 2.3M | 237.8K | (1.3M) | 201.4K | 323.8K | |
Cash And Short Term Investments | 4.5M | 9.2M | 10.1M | 17.2M | 17.9M | 18.7M | |
Accounts Payable | 1.5M | 1.5M | 2.5M | 3.4M | 3.1M | 2.0M | |
Intangible Assets | 3.4M | 3.0M | 3.0M | 5.0M | 4.3M | 2.2M | |
Current Deferred Revenue | 165.4K | 429.0K | 1.2M | 282.5K | 211.7K | 201.1K | |
Net Tangible Assets | 6.4M | 13.2M | 27.4M | 34.4M | 39.6M | 41.6M | |
Retained Earnings Total Equity | (29.2M) | (22.9M) | (12.8M) | 2.9M | 3.3M | 3.5M | |
Long Term Debt Total | 8.6M | 4.2M | 16.0M | 14.7M | 16.9M | 17.8M | |
Capital Lease Obligations | 3.6M | 4.8M | 7.4M | 6.1M | 4.4M | 3.2M | |
Property Plant Equipment | 1.4M | 10.4M | 15.5M | 9.4M | 10.8M | 5.9M | |
Other Assets | 204.8K | 5.8M | 237.8K | 186.8K | 1.0 | 0.95 |
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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.When determining whether Envela Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Envela Corp's 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 Envela Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Envela Corp Stock:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Envela Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade Envela Stock refer to our How to Trade Envela Stock guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Is Other Specialty Retail 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 Envela Corp. If investors know Envela 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 Envela Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.25 | Revenue Per Share 6.3 | Quarterly Revenue Growth 0.272 | Return On Assets 0.0648 | Return On Equity 0.1307 |
The market value of Envela Corp is measured differently than its book value, which is the value of Envela that is recorded on the company's balance sheet. Investors also form their own opinion of Envela Corp's value that differs from its market value or its book value, called intrinsic value, which is Envela Corp's 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 Envela Corp's market value can be influenced by many factors that don't directly affect Envela Corp's 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 Envela Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Envela Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Envela Corp's 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.