Eltek Net Receivables vs Non Currrent Assets Other Analysis

ELTK Stock  USD 11.14  0.53  5.00%   
Eltek financial indicator trend analysis is much more than just examining Eltek latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eltek is a good investment. Please check the relationship between Eltek Net Receivables and its Non Currrent Assets Other accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eltek. 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.
For more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.

Net Receivables vs Non Currrent Assets Other

Net Receivables vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eltek Net Receivables account and Non Currrent Assets Other. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Eltek's Net Receivables and Non Currrent Assets Other is 0.45. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Eltek, assuming nothing else is changed. The correlation between historical values of Eltek's Net Receivables and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Eltek are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Net Receivables i.e., Eltek's Net Receivables and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.45
Relationship DirectionPositive 
Relationship StrengthWeak

Net Receivables

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Eltek's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eltek 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 Eltek. 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.
For more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.At this time, Eltek's Tax Provision is quite stable compared to the past year. Enterprise Value Over EBITDA is expected to rise to 12.89 this year, although Enterprise Value will most likely fall to about 14 M.
 2021 2022 2023 2024 (projected)
Interest Expense488K129K122K115.9K
Depreciation And Amortization1.8M1.5M1.3M1.7M

Eltek fundamental ratios Correlations

0.420.61-0.470.830.94-0.450.630.140.80.950.750.690.770.820.610.840.770.97-0.6-0.20.570.560.540.380.23
0.420.25-0.410.290.550.36-0.2-0.720.520.50.42-0.030.630.7-0.20.580.640.320.20.030.530.170.56-0.080.4
0.610.25-0.240.80.57-0.640.720.170.790.530.840.520.680.490.280.370.510.62-0.570.040.410.820.370.69-0.08
-0.47-0.41-0.24-0.46-0.630.15-0.190.46-0.5-0.66-0.40.04-0.44-0.790.22-0.45-0.05-0.290.57-0.35-0.72-0.04-0.74-0.10.05
0.830.290.8-0.460.81-0.750.840.170.940.820.940.550.860.690.470.640.560.77-0.76-0.140.530.830.490.590.06
0.940.550.57-0.630.81-0.340.51-0.080.790.970.730.570.820.930.410.870.730.86-0.6-0.170.640.480.630.290.33
-0.450.36-0.640.15-0.75-0.34-0.92-0.59-0.61-0.39-0.69-0.39-0.37-0.15-0.49-0.1-0.06-0.470.80.0-0.22-0.72-0.16-0.740.32
0.63-0.20.72-0.190.840.51-0.920.560.680.570.730.580.510.340.660.290.320.64-0.84-0.180.180.740.130.58-0.16
0.14-0.720.170.460.17-0.08-0.590.56-0.060.00.020.53-0.21-0.340.66-0.170.020.25-0.39-0.25-0.330.19-0.380.26-0.11
0.80.520.79-0.50.940.79-0.610.68-0.060.810.980.340.870.750.30.610.610.73-0.580.030.670.80.640.610.05
0.950.50.53-0.660.820.97-0.390.570.00.810.730.530.770.930.450.80.70.85-0.66-0.110.650.440.640.260.27
0.750.420.84-0.40.940.73-0.690.730.020.980.730.370.860.640.320.560.560.71-0.580.00.60.890.560.710.01
0.69-0.030.520.040.550.57-0.390.580.530.340.530.370.480.330.740.60.590.77-0.46-0.490.050.450.020.220.09
0.770.630.68-0.440.860.82-0.370.51-0.210.870.770.860.480.750.310.820.680.72-0.42-0.280.520.770.50.380.22
0.820.70.49-0.790.690.93-0.150.34-0.340.750.930.640.330.750.170.780.640.69-0.510.010.70.310.720.120.26
0.61-0.20.280.220.470.41-0.490.660.660.30.450.320.740.310.170.420.540.7-0.42-0.67-0.220.42-0.260.120.06
0.840.580.37-0.450.640.87-0.10.29-0.170.610.80.560.60.820.780.420.710.81-0.33-0.420.430.450.420.130.41
0.770.640.51-0.050.560.73-0.060.320.020.610.70.560.590.680.640.540.710.77-0.13-0.420.250.450.240.080.49
0.970.320.62-0.290.770.86-0.470.640.250.730.850.710.770.720.690.70.810.77-0.52-0.270.470.60.430.450.19
-0.60.2-0.570.57-0.76-0.60.8-0.84-0.39-0.58-0.66-0.58-0.46-0.42-0.51-0.42-0.33-0.13-0.520.03-0.33-0.46-0.31-0.410.15
-0.20.030.04-0.35-0.14-0.170.0-0.18-0.250.03-0.110.0-0.49-0.280.01-0.67-0.42-0.42-0.270.030.58-0.240.590.34-0.33
0.570.530.41-0.720.530.64-0.220.18-0.330.670.650.60.050.520.7-0.220.430.250.47-0.330.580.251.00.51-0.03
0.560.170.82-0.040.830.48-0.720.740.190.80.440.890.450.770.310.420.450.450.6-0.46-0.240.250.190.74-0.02
0.540.560.37-0.740.490.63-0.160.13-0.380.640.640.560.020.50.72-0.260.420.240.43-0.310.591.00.190.43-0.01
0.38-0.080.69-0.10.590.29-0.740.580.260.610.260.710.220.380.120.120.130.080.45-0.410.340.510.740.43-0.26
0.230.4-0.080.050.060.330.32-0.16-0.110.050.270.010.090.220.260.060.410.490.190.15-0.33-0.03-0.02-0.01-0.26
Click cells to compare fundamentals

Eltek Account Relationship Matchups

Eltek fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets22.8M35.2M42.8M41.5M47.2M28.0M
Short Long Term Debt Total8.5M11.2M13.7M11.3M6.7M8.2M
Other Current Liab206K3.1M2.6M3.3M5.7M6.0M
Total Current Liabilities14.8M9.7M9.3M10.5M14.0M14.1M
Total Stockholder Equity6.3M15.3M21.1M21.0M26.9M28.2M
Property Plant And Equipment Net9.3M16.2M16.3M15.4M15.9M11.4M
Net Debt6.8M6.5M4.5M3.9M(2.6M)(2.5M)
Retained Earnings(19.7M)(17.1M)(12.1M)(9.9M)(4.8M)(5.1M)
Accounts Payable4.7M4.5M4.0M4.8M7.5M6.0M
Cash1.6M4.7M9.3M7.4M9.3M9.7M
Non Current Assets Total9.3M16.3M20.2M18.1M17.1M12.7M
Cash And Short Term Investments1.6M4.7M9.3M7.4M12.1M12.7M
Net Receivables7.6M9.1M7.0M10.4M11.3M7.9M
Common Stock Shares Outstanding3.7M4.5M5.9M5.8M6.0M6.3M
Liabilities And Stockholders Equity22.8M35.2M42.8M41.5M47.2M28.0M
Non Current Liabilities Total1.8M10.2M12.5M10.0M6.3M4.2M
Inventory3.7M3.7M4.9M5.1M6.1M4.3M
Total Liab16.6M19.9M21.7M20.5M20.3M18.3M
Total Current Assets13.5M18.8M22.6M23.4M30.1M15.3M
Accumulated Other Comprehensive Income3.4M4.2M5.0M2.7M2.7M2.6M
Short Term Debt7.0M2.2M2.6M2.4M789K749.6K
Non Currrent Assets Other60K64K292K261K931K977.6K
Other Current Assets530K1.2M1.2M504K547K509.2K
Property Plant And Equipment Gross9.3M16.2M16.3M15.4M54.6M57.3M
Other Liab313K422K344K280K252K349.8K
Long Term Debt387K1.5M3.9M2.8M2.5M1.8M
Property Plant Equipment9.3M16.2M16.3M14.8M17.1M11.1M
Current Deferred Revenue2.9M2.9M3.4M3.2M3.7M2.8M
Other Assets60K126K3.9M2.8M3.2M3.3M
Net Tangible Assets6.3M15.3M21.1M21.0M24.2M25.4M
Short Long Term Debt5.6M676K708K702K631.8K600.2K
Net Invested Capital12.2M17.4M25.7M24.5M26.9M20.4M
Net Working Capital(1.2M)9.1M13.3M12.9M16.1M16.9M

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When determining whether Eltek is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Eltek Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Eltek Stock. Highlighted below are key reports to facilitate an investment decision about Eltek Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eltek. 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.
For more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.
You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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 Eltek. If investors know Eltek 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 Eltek 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
(0.50)
Earnings Share
0.85
Revenue Per Share
7.435
Quarterly Revenue Growth
(0.05)
Return On Assets
0.0835
The market value of Eltek is measured differently than its book value, which is the value of Eltek that is recorded on the company's balance sheet. Investors also form their own opinion of Eltek's value that differs from its market value or its book value, called intrinsic value, which is Eltek'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 Eltek's market value can be influenced by many factors that don't directly affect Eltek'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 Eltek's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eltek is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eltek'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.