Enovix Income Quality vs Capex To Depreciation Analysis

ENVX Stock

USD 8.92 0.12 1.33%

Enovix Corp financial indicator trend analysis is much more than just examining Enovix Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enovix Corp is a good investment. Please check the relationship between Enovix Corp Income Quality and its Capex To Depreciation accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enovix 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 real.

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

Income Quality vs Capex To Depreciation

Income Quality vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enovix Corp Income Quality account and Capex To Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Enovix Corp's Income Quality and Capex To Depreciation is -0.35. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Enovix Corp, assuming nothing else is changed. The correlation between historical values of Enovix Corp's Income Quality 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 Income Quality of Enovix 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 Income Quality i.e., Enovix Corp's Income Quality and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

-0.35

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

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 Enovix Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enovix 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 Enovix 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 real.

For more information on how to buy Enovix Stock please use our How to Invest in Enovix Corp guide.At this time, Enovix Corp's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to rise to about 2.2 B in 2025, whereas Selling General Administrative is likely to drop slightly above 52.4 M in 2025.

	2022	2023	2024	2025 (projected)
Total Operating Expenses	110.0M	115.0M	223.9M	118.1M
Cost Of Revenue	23.2M	43.3M	25.1M	21.3M

Total Operating Expenses Cost Of Revenue

Enovix Corp fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Other Current Assets	Deferred Long Term Liab	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab
Other Current Liab		0.48	0.17	0.52	-0.47	0.52	-0.14	0.39	-0.39	0.49	-0.36	0.59	0.52	0.59	0.58	-0.72	-0.3	0.48	0.53	0.4	0.5	0.31	0.55	0.35	0.59	0.37
Total Current Liabilities	0.48		0.65	0.89	-0.9	0.94	-0.26	0.85	-0.83	0.83	-0.79	0.91	0.92	0.77	0.98	0.01	-0.23	0.75	0.99	0.96	0.84	0.78	0.62	0.97	0.94	0.98
Other Liab	0.17	0.65		0.84	-0.62	0.52	-0.01	0.9	-0.8	0.93	-0.78	0.81	0.86	0.89	0.67	-0.16	-0.79	0.94	0.61	0.67	0.92	0.43	0.0	0.73	0.78	0.7
Net Tangible Assets	0.52	0.89	0.84		-0.9	0.78	-0.25	0.94	-0.92	0.95	-0.91	0.96	0.97	0.95	0.91	-0.33	-0.55	0.94	0.87	0.87	0.96	0.73	0.46	0.87	0.96	0.87
Retained Earnings	-0.47	-0.9	-0.62	-0.9		-0.78	0.13	-0.85	0.76	-0.77	0.73	-0.83	-0.88	-0.76	-0.94	0.12	0.16	-0.76	-0.93	-0.95	-0.82	-0.95	-0.75	-0.91	-0.91	-0.91
Accounts Payable	0.52	0.94	0.52	0.78	-0.78		-0.31	0.67	-0.72	0.74	-0.69	0.81	0.84	0.7	0.91	-0.01	-0.16	0.64	0.93	0.83	0.73	0.65	0.51	0.89	0.84	0.9
Other Assets	-0.14	-0.26	-0.01	-0.25	0.13	-0.31		-0.06	0.54	-0.11	0.58	-0.26	-0.1	-0.1	-0.16	0.18	-0.02	-0.04	-0.16	-0.07	-0.06	-0.04	-0.15	-0.08	-0.12	-0.09
Other Current Assets	0.39	0.85	0.9	0.94	-0.85	0.67	-0.06		-0.87	0.94	-0.83	0.94	0.94	0.91	0.87	-0.16	-0.59	0.94	0.84	0.89	0.97	0.69	0.42	0.88	0.95	0.87
Deferred Long Term Liab	-0.39	-0.83	-0.8	-0.92	0.76	-0.72	0.54	-0.87		-0.87	0.99	-0.92	-0.86	-0.84	-0.8	0.26	0.54	-0.84	-0.76	-0.76	-0.86	-0.57	-0.35	-0.77	-0.85	-0.77
Total Current Assets	0.49	0.83	0.93	0.95	-0.77	0.74	-0.11	0.94	-0.87		-0.85	0.95	0.98	0.98	0.86	-0.31	-0.72	0.99	0.81	0.8	0.99	0.56	0.25	0.84	0.93	0.83
Common Stock	-0.36	-0.79	-0.78	-0.91	0.73	-0.69	0.58	-0.83	0.99	-0.85		-0.88	-0.83	-0.82	-0.76	0.28	0.53	-0.82	-0.72	-0.71	-0.83	-0.55	-0.32	-0.73	-0.81	-0.72
Property Plant Equipment	0.59	0.91	0.81	0.96	-0.83	0.81	-0.26	0.94	-0.92	0.95	-0.88		0.96	0.93	0.93	-0.28	-0.57	0.91	0.89	0.88	0.96	0.63	0.47	0.88	0.98	0.88
Total Assets	0.52	0.92	0.86	0.97	-0.88	0.84	-0.1	0.94	-0.86	0.98	-0.83	0.96		0.95	0.95	-0.23	-0.55	0.95	0.91	0.9	0.98	0.7	0.42	0.93	0.98	0.92
Total Stockholder Equity	0.59	0.77	0.89	0.95	-0.76	0.7	-0.1	0.91	-0.84	0.98	-0.82	0.93	0.95		0.83	-0.46	-0.74	0.99	0.77	0.75	0.98	0.55	0.27	0.78	0.91	0.77
Property Plant And Equipment Net	0.58	0.98	0.67	0.91	-0.94	0.91	-0.16	0.87	-0.8	0.86	-0.76	0.93	0.95	0.83		-0.11	-0.28	0.81	0.99	0.97	0.88	0.82	0.66	0.96	0.98	0.97
Current Deferred Revenue	-0.72	0.01	-0.16	-0.33	0.12	-0.01	0.18	-0.16	0.26	-0.31	0.28	-0.28	-0.23	-0.46	-0.11		0.53	-0.38	-0.02	0.06	-0.29	0.02	-0.09	0.11	-0.22	0.1
Net Debt	-0.3	-0.23	-0.79	-0.55	0.16	-0.16	-0.02	-0.59	0.54	-0.72	0.53	-0.57	-0.55	-0.74	-0.28	0.53		-0.76	-0.18	-0.2	-0.67	0.09	0.34	-0.25	-0.47	-0.23
Cash	0.48	0.75	0.94	0.94	-0.76	0.64	-0.04	0.94	-0.84	0.99	-0.82	0.91	0.95	0.99	0.81	-0.38	-0.76		0.74	0.76	0.99	0.55	0.23	0.78	0.9	0.77
Non Current Assets Total	0.53	0.99	0.61	0.87	-0.93	0.93	-0.16	0.84	-0.76	0.81	-0.72	0.89	0.91	0.77	0.99	-0.02	-0.18	0.74		0.97	0.84	0.83	0.68	0.97	0.95	0.98
Non Currrent Assets Other	0.4	0.96	0.67	0.87	-0.95	0.83	-0.07	0.89	-0.76	0.8	-0.71	0.88	0.9	0.75	0.97	0.06	-0.2	0.76	0.97		0.85	0.87	0.68	0.98	0.94	0.98
Cash And Short Term Investments	0.5	0.84	0.92	0.96	-0.82	0.73	-0.06	0.97	-0.86	0.99	-0.83	0.96	0.98	0.98	0.88	-0.29	-0.67	0.99	0.84	0.85		0.63	0.34	0.87	0.96	0.86
Net Receivables	0.31	0.78	0.43	0.73	-0.95	0.65	-0.04	0.69	-0.57	0.56	-0.55	0.63	0.7	0.55	0.82	0.02	0.09	0.55	0.83	0.87	0.63		0.81	0.81	0.75	0.82
Common Stock Shares Outstanding	0.55	0.62	0.0	0.46	-0.75	0.51	-0.15	0.42	-0.35	0.25	-0.32	0.47	0.42	0.27	0.66	-0.09	0.34	0.23	0.68	0.68	0.34	0.81		0.54	0.56	0.56
Non Current Liabilities Total	0.35	0.97	0.73	0.87	-0.91	0.89	-0.08	0.88	-0.77	0.84	-0.73	0.88	0.93	0.78	0.96	0.11	-0.25	0.78	0.97	0.98	0.87	0.81	0.54		0.93	1.0
Other Stockholder Equity	0.59	0.94	0.78	0.96	-0.91	0.84	-0.12	0.95	-0.85	0.93	-0.81	0.98	0.98	0.91	0.98	-0.22	-0.47	0.9	0.95	0.94	0.96	0.75	0.56	0.93		0.93
Total Liab	0.37	0.98	0.7	0.87	-0.91	0.9	-0.09	0.87	-0.77	0.83	-0.72	0.88	0.92	0.77	0.97	0.1	-0.23	0.77	0.98	0.98	0.86	0.82	0.56	1.0	0.93

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Enovix Corp Account Relationship Matchups

Enovix Corp fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Other Current Liab	(2.0M)	(2.4M)	8.8M	3.1M	3.0M	1.9M
Total Current Liabilities	10.9M	20.6M	23.0M	61.0M	53.7M	31.2M
Retained Earnings	(207.3M)	(333.2M)	(384.8M)	(598.8M)	(821.1M)	(780.0M)
Accounts Payable	2.1M	3.1M	7.1M	21.3M	9.5M	7.9M
Other Current Assets	946K	8.3M	5.2M	5.2M	9.9M	5.4M
Total Current Assets	33.0M	398.1M	329.6M	323.2M	295.0M	254.8M

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Enovix Income Quality vs Capex To Depreciation Analysis

Income Quality vs Capex To Depreciation

Income Quality vs Capex To Depreciation Correlation Analysis

Correlation Coefficient

Income Quality

Capex To Depreciation

Enovix Corp fundamental ratios Correlations

Enovix Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Enovix Corp fundamental ratios Accounts

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Additional Tools for Enovix Stock Analysis

COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Non Current Liabilities Total
Non Current Assets Total	+ 0.99	Total Current Liabilities
Common Stock	+ 0.99	Deferred Long Term Liab
Cash	+ 0.99	Total Current Assets
Cash And Short Term Investments	+ 0.99	Total Current Assets
Cash	+ 0.99	Total Stockholder Equity

Net Receivables	- 0.95	Retained Earnings
Non Currrent Assets Other	- 0.95	Retained Earnings
Property Plant And Equipment Net	- 0.94	Retained Earnings
Non Current Assets Total	- 0.93	Retained Earnings
Property Plant Equipment	- 0.92	Deferred Long Term Liab
Deferred Long Term Liab	- 0.92	Net Tangible Assets