| INVX Stock | | | 13.97 0.16 1.16% |
Innovex International, financial indicator trend analysis is infinitely more than just investigating Innovex International, recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Innovex International, is a good investment. Please check the relationship between Innovex International, Net Working Capital and its Accounts Payable accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Innovex International,. 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 Innovex Stock please use our
How to Invest in Innovex International, guide.
Net Working Capital vs Accounts Payable
Net Working Capital vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Innovex International, Net Working Capital account and
Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Innovex International,'s Net Working Capital and Accounts Payable is 0.64. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Innovex International,, assuming nothing else is changed. The correlation between historical values of Innovex International,'s Net Working Capital and Accounts Payable 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 Working Capital of Innovex International, are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Working Capital i.e., Innovex International,'s Net Working Capital and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.64 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Net Working Capital
Accounts Payable
An accounting item on the balance sheet that represents Innovex International, obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Innovex International, are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Innovex International,'s fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Innovex International, 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Innovex International,. 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 Innovex Stock please use our
How to Invest in Innovex International, guide.
Tax Provision is expected to decline to about 7.4
M this year.
Selling General Administrative is expected to decline to about 64.7
M this year
Innovex International, fundamental ratios Correlations
Click cells to compare fundamentals
Innovex International, Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Innovex International, fundamental ratios Accounts