Inventronics Capex To Depreciation vs Book Value Per Share Analysis

IVX Stock  CAD 0.58  0.03  4.92%   
Inventronics financial indicator trend analysis is infinitely more than just investigating Inventronics recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Inventronics is a good investment. Please check the relationship between Inventronics Capex To Depreciation and its Book Value Per Share accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Inventronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Capex To Depreciation vs Book Value Per Share

Capex To Depreciation vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Inventronics Capex To Depreciation account and Book Value Per Share. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Inventronics' Capex To Depreciation and Book Value Per Share is -0.09. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Inventronics, assuming nothing else is changed. The correlation between historical values of Inventronics' Capex To Depreciation and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Inventronics are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Capex To Depreciation i.e., Inventronics' Capex To Depreciation and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

-0.09
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.
Most indicators from Inventronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Inventronics 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 Inventronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Inventronics' Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 7.70 in 2024, whereas Tax Provision is likely to drop slightly above 108.2 K in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit2.3M4.1M1.7M1.7M
Total Revenue9.8M14.2M8.9M7.9M

Inventronics fundamental ratios Correlations

-0.690.390.980.930.960.450.870.060.710.260.890.90.52-0.630.98-0.980.75-0.920.880.990.98-0.75-0.95-0.750.82
-0.69-0.04-0.74-0.73-0.72-0.33-0.580.15-0.48-0.05-0.64-0.44-0.080.94-0.680.65-0.470.73-0.62-0.7-0.720.750.660.75-0.56
0.39-0.040.280.220.340.870.09-0.260.75-0.210.540.370.69-0.030.48-0.41-0.08-0.150.380.270.290.1-0.450.10.0
0.98-0.740.280.930.950.380.84-0.050.680.160.90.890.35-0.680.97-0.960.71-0.920.840.990.99-0.84-0.93-0.840.78
0.93-0.730.220.930.990.360.870.150.610.290.810.810.4-0.680.88-0.910.79-0.980.960.950.93-0.82-0.94-0.820.84
0.96-0.720.340.950.990.460.860.070.680.220.880.850.45-0.650.93-0.950.74-0.960.960.960.95-0.79-0.98-0.790.8
0.45-0.330.870.380.360.460.18-0.440.77-0.340.620.270.48-0.350.52-0.49-0.11-0.270.450.340.35-0.17-0.56-0.17-0.02
0.87-0.580.090.840.870.860.180.430.350.580.590.730.51-0.50.76-0.890.92-0.830.840.90.82-0.64-0.86-0.640.91
0.060.15-0.26-0.050.150.07-0.440.43-0.40.95-0.320.040.480.19-0.09-0.060.63-0.160.250.11-0.010.16-0.060.160.56
0.71-0.480.750.680.610.680.770.35-0.4-0.240.80.70.45-0.50.8-0.640.22-0.570.60.630.69-0.41-0.67-0.410.31
0.26-0.05-0.210.160.290.22-0.340.580.95-0.24-0.160.160.56-0.060.12-0.240.74-0.320.360.30.2-0.03-0.2-0.030.72
0.89-0.640.540.90.810.880.620.59-0.320.8-0.160.810.33-0.590.94-0.880.4-0.810.780.850.9-0.74-0.89-0.740.51
0.9-0.440.370.890.810.850.270.730.040.70.160.810.43-0.350.9-0.850.71-0.80.760.90.9-0.6-0.82-0.60.73
0.52-0.080.690.350.40.450.480.510.480.450.560.330.43-0.070.49-0.520.48-0.370.580.450.390.06-0.530.060.53
-0.630.94-0.03-0.68-0.68-0.65-0.35-0.50.19-0.5-0.06-0.59-0.35-0.07-0.640.57-0.380.71-0.55-0.63-0.680.780.570.78-0.52
0.98-0.680.480.970.880.930.520.76-0.090.80.120.940.90.49-0.64-0.940.63-0.890.840.960.98-0.74-0.92-0.740.73
-0.980.65-0.41-0.96-0.91-0.95-0.49-0.89-0.06-0.64-0.24-0.88-0.85-0.520.57-0.94-0.720.87-0.89-0.97-0.940.720.980.72-0.78
0.75-0.47-0.080.710.790.74-0.110.920.630.220.740.40.710.48-0.380.63-0.72-0.790.760.810.73-0.52-0.69-0.520.97
-0.920.73-0.15-0.92-0.98-0.96-0.27-0.83-0.16-0.57-0.32-0.81-0.8-0.370.71-0.890.87-0.79-0.92-0.94-0.940.870.890.87-0.87
0.88-0.620.380.840.960.960.450.840.250.60.360.780.760.58-0.550.84-0.890.76-0.920.890.85-0.66-0.95-0.660.81
0.99-0.70.270.990.950.960.340.90.110.630.30.850.90.45-0.630.96-0.970.81-0.940.890.98-0.79-0.94-0.790.86
0.98-0.720.290.990.930.950.350.82-0.010.690.20.90.90.39-0.680.98-0.940.73-0.940.850.98-0.83-0.91-0.830.81
-0.750.750.1-0.84-0.82-0.79-0.17-0.640.16-0.41-0.03-0.74-0.60.060.78-0.740.72-0.520.87-0.66-0.79-0.830.711.0-0.62
-0.950.66-0.45-0.93-0.94-0.98-0.56-0.86-0.06-0.67-0.2-0.89-0.82-0.530.57-0.920.98-0.690.89-0.95-0.94-0.910.710.71-0.74
-0.750.750.1-0.84-0.82-0.79-0.17-0.640.16-0.41-0.03-0.74-0.60.060.78-0.740.72-0.520.87-0.66-0.79-0.831.00.71-0.62
0.82-0.560.00.780.840.8-0.020.910.560.310.720.510.730.53-0.520.73-0.780.97-0.870.810.860.81-0.62-0.74-0.62
Click cells to compare fundamentals

Inventronics Account Relationship Matchups

Inventronics fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.3M3.7M5.2M6.0M6.1M4.7M
Other Current Liab95K82K62K42K37.8K61.6K
Total Current Liabilities527K354K892K1.1M607K808.0K
Total Stockholder Equity621K1.3M2.3M2.9M2.8M1.5M
Net Tangible Assets426K621K1.3M2.3M2.6M2.8M
Retained Earnings(1.8M)(1.2M)929K1.3M1.1M1.2M
Accounts Payable302K148K685K619K227K442.6K
Non Current Assets Total2.1M2.3M2.8M2.5M3.2M2.7M
Long Term Debt2.1M2.1M2.0M2.0M2.4M2.4M
Net Receivables307K623K846K1.3M574K747.0K
Non Current Liabilities Total2.1M2.1M2.0M2.0M2.7M2.4M
Inventory772K652K1.3M1.9M1.0M995.9K
Other Current Assets16K26K27K37K33K27.2K
Total Liab2.7M2.4M2.9M3.1M3.3M3.2M
Total Current Assets1.1M1.4M2.4M3.5M2.9M2.0M
Property Plant Equipment2.2M2.1M2.3M2.3M2.6M2.5M
Net Debt2.1M1.9M1.8M1.6M1.5M1.5M
Net Invested Capital2.7M3.4M4.3M4.9M5.3M4.1M
Net Working Capital620K1.1M1.5M2.4M2.3M1.4M

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