Neogen Payables Turnover vs Ev To Operating Cash Flow Analysis

NEOG Stock

USD 11.56 0.04 0.34%

Neogen financial indicator trend analysis is infinitely more than just investigating Neogen recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Neogen is a good investment. Please check the relationship between Neogen Payables Turnover and its Ev To Operating Cash Flow accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neogen. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more detail on how to invest in Neogen Stock please use our How to Invest in Neogen guide.

Payables Turnover vs Ev To Operating Cash Flow

Payables Turnover vs Ev To Operating Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Neogen Payables Turnover account and Ev To Operating Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Neogen's Payables Turnover and Ev To Operating Cash Flow is -0.49. Overlapping area represents the amount of variation of Payables Turnover that can explain the historical movement of Ev To Operating Cash Flow in the same time period over historical financial statements of Neogen, assuming nothing else is changed. The correlation between historical values of Neogen's Payables Turnover and Ev To Operating Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payables Turnover of Neogen are associated (or correlated) with its Ev To Operating Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Operating Cash Flow has no effect on the direction of Payables Turnover i.e., Neogen's Payables Turnover and Ev To Operating Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.49

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Payables Turnover

A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.

Ev To Operating Cash Flow

A valuation metric comparing the company's enterprise value to its operating cash flow, indicating how many dollars of EV are generated for each dollar of operating cash flows.

Most indicators from Neogen's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Neogen 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neogen. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more detail on how to invest in Neogen Stock please use our How to Invest in Neogen guide.At this time, Neogen's Selling General Administrative is most likely to increase significantly in the upcoming years. The Neogen's current Enterprise Value is estimated to increase to about 3.4 B, while Tax Provision is forecasted to increase to (4.2 M).

	2022	2023	2024	2025 (projected)
Gross Profit	406.0M	463.9M	533.5M	560.2M
Total Revenue	822.4M	924.2M	1.1B	1.1B

Gross Profit Total Revenue

Neogen fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock Total Equity	Short Term Investments
Total Assets		0.88	0.95	0.99	1.0	0.97	0.88	0.76	0.14	1.0	-0.13	0.21	0.95	0.96	0.99	0.92	0.92	1.0	1.0	0.97	0.74	0.91	1.0	0.99	0.98	-0.31
Short Long Term Debt Total	0.88		0.92	0.92	0.89	0.88	0.97	0.77	0.26	0.87	-0.19	0.32	0.86	0.83	0.86	0.87	0.94	0.87	0.87	0.93	0.75	0.8	0.87	0.91	0.91	-0.11
Other Current Liab	0.95	0.92		0.98	0.96	0.94	0.85	0.9	0.4	0.92	-0.1	0.47	0.97	0.92	0.91	0.95	0.97	0.93	0.92	0.95	0.89	0.79	0.92	0.97	0.98	-0.03
Total Current Liabilities	0.99	0.92	0.98		0.99	0.99	0.89	0.84	0.27	0.97	-0.12	0.33	0.98	0.96	0.96	0.97	0.96	0.98	0.97	0.99	0.83	0.89	0.97	1.0	0.99	-0.19
Total Stockholder Equity	1.0	0.89	0.96	0.99		0.98	0.87	0.79	0.18	0.99	-0.13	0.25	0.96	0.96	0.99	0.94	0.93	0.99	0.99	0.98	0.77	0.9	0.99	1.0	0.99	-0.27
Property Plant And Equipment Net	0.97	0.88	0.94	0.99	0.98		0.85	0.81	0.25	0.96	-0.11	0.28	0.98	0.97	0.95	0.98	0.93	0.97	0.96	0.99	0.8	0.94	0.95	0.99	0.98	-0.23
Net Debt	0.88	0.97	0.85	0.89	0.87	0.85		0.61	0.02	0.88	-0.18	0.09	0.8	0.81	0.88	0.79	0.87	0.88	0.89	0.91	0.59	0.83	0.89	0.88	0.87	-0.33
Retained Earnings	0.76	0.77	0.9	0.84	0.79	0.81	0.61		0.74	0.7	-0.09	0.78	0.9	0.79	0.67	0.91	0.89	0.71	0.69	0.81	1.0	0.58	0.69	0.81	0.84	0.35
Cash	0.14	0.26	0.4	0.27	0.18	0.25	0.02	0.74		0.06	-0.09	0.98	0.38	0.2	0.02	0.43	0.43	0.08	0.05	0.24	0.76	-0.03	0.05	0.23	0.29	0.87
Non Current Assets Total	1.0	0.87	0.92	0.97	0.99	0.96	0.88	0.7	0.06		-0.13	0.13	0.93	0.95	1.0	0.89	0.89	1.0	1.0	0.96	0.69	0.92	1.0	0.98	0.97	-0.38
Non Currrent Assets Other	-0.13	-0.19	-0.1	-0.12	-0.13	-0.11	-0.18	-0.09	-0.09	-0.13		-0.1	-0.06	-0.07	-0.13	-0.09	-0.22	-0.13	-0.13	-0.14	-0.11	-0.14	-0.13	-0.12	-0.15	-0.13
Cash And Short Term Investments	0.21	0.32	0.47	0.33	0.25	0.28	0.09	0.78	0.98	0.13	-0.1		0.42	0.25	0.1	0.45	0.48	0.15	0.12	0.28	0.8	-0.02	0.12	0.29	0.35	0.85
Net Receivables	0.95	0.86	0.97	0.98	0.96	0.98	0.8	0.9	0.38	0.93	-0.06	0.42		0.97	0.91	0.99	0.94	0.93	0.92	0.97	0.88	0.85	0.92	0.98	0.97	-0.1
Common Stock Shares Outstanding	0.96	0.83	0.92	0.96	0.96	0.97	0.81	0.79	0.2	0.95	-0.07	0.25	0.97		0.94	0.95	0.89	0.95	0.94	0.96	0.77	0.91	0.94	0.97	0.95	-0.28
Non Current Liabilities Total	0.99	0.86	0.91	0.96	0.99	0.95	0.88	0.67	0.02	1.0	-0.13	0.1	0.91	0.94		0.88	0.87	1.0	1.0	0.95	0.66	0.92	1.0	0.97	0.96	-0.41
Inventory	0.92	0.87	0.95	0.97	0.94	0.98	0.79	0.91	0.43	0.89	-0.09	0.45	0.99	0.95	0.88		0.95	0.9	0.89	0.97	0.9	0.86	0.88	0.96	0.95	-0.05
Other Current Assets	0.92	0.94	0.97	0.96	0.93	0.93	0.87	0.89	0.43	0.89	-0.22	0.48	0.94	0.89	0.87	0.95		0.9	0.88	0.96	0.88	0.81	0.88	0.94	0.97	0.01
Other Stockholder Equity	1.0	0.87	0.93	0.98	0.99	0.97	0.88	0.71	0.08	1.0	-0.13	0.15	0.93	0.95	1.0	0.9	0.9		1.0	0.97	0.7	0.92	1.0	0.98	0.97	-0.36
Total Liab	1.0	0.87	0.92	0.97	0.99	0.96	0.89	0.69	0.05	1.0	-0.13	0.12	0.92	0.94	1.0	0.89	0.88	1.0		0.96	0.68	0.92	1.0	0.98	0.96	-0.39
Property Plant And Equipment Gross	0.97	0.93	0.95	0.99	0.98	0.99	0.91	0.81	0.24	0.96	-0.14	0.28	0.97	0.96	0.95	0.97	0.96	0.97	0.96		0.8	0.93	0.96	0.99	0.98	-0.23
Total Current Assets	0.74	0.75	0.89	0.83	0.77	0.8	0.59	1.0	0.76	0.69	-0.11	0.8	0.88	0.77	0.66	0.9	0.88	0.7	0.68	0.8		0.57	0.68	0.8	0.83	0.38
Short Term Debt	0.91	0.8	0.79	0.89	0.9	0.94	0.83	0.58	-0.03	0.92	-0.14	-0.02	0.85	0.91	0.92	0.86	0.81	0.92	0.92	0.93	0.57		0.91	0.91	0.88	-0.49
Intangible Assets	1.0	0.87	0.92	0.97	0.99	0.95	0.89	0.69	0.05	1.0	-0.13	0.12	0.92	0.94	1.0	0.88	0.88	1.0	1.0	0.96	0.68	0.91		0.98	0.96	-0.39
Accounts Payable	0.99	0.91	0.97	1.0	1.0	0.99	0.88	0.81	0.23	0.98	-0.12	0.29	0.98	0.97	0.97	0.96	0.94	0.98	0.98	0.99	0.8	0.91	0.98		0.99	-0.23
Common Stock Total Equity	0.98	0.91	0.98	0.99	0.99	0.98	0.87	0.84	0.29	0.97	-0.15	0.35	0.97	0.95	0.96	0.95	0.97	0.97	0.96	0.98	0.83	0.88	0.96	0.99		-0.16
Short Term Investments	-0.31	-0.11	-0.03	-0.19	-0.27	-0.23	-0.33	0.35	0.87	-0.38	-0.13	0.85	-0.1	-0.28	-0.41	-0.05	0.01	-0.36	-0.39	-0.23	0.38	-0.49	-0.39	-0.23	-0.16

Click cells to compare fundamentals

Neogen Account Relationship Matchups

Neogen fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	920.2M	992.9M	4.6B	4.5B	5.2B	5.5B
Short Long Term Debt Total	1.3M	986.7M	900M	906.2M	1.0B	1.1B
Other Current Liab	26.6M	35.6M	57.2M	48.6M	55.9M	58.7M
Total Current Liabilities	53.6M	77.8M	145.5M	154.3M	177.5M	186.3M
Total Stockholder Equity	840.4M	887.4M	3.1B	3.1B	3.6B	3.8B
Property Plant And Equipment Net	100.5M	110.6M	198.7M	291.9M	335.7M	352.5M
Net Debt	(379.8M)	605.6M	736.8M	735.6M	846.0M	888.3M
Retained Earnings	539.6M	587.9M	565.0M	555.6M	639.0M	670.9M
Cash	381.1M	381.1M	163.2M	170.6M	196.2M	206.0M
Non Current Assets Total	328.7M	366.1M	4.0B	4.0B	4.6B	4.8B
Non Currrent Assets Other	2.0M	2.2M	15.2M	20.2M	23.2M	15.7M
Cash And Short Term Investments	381.1M	381.1M	245.6M	170.9M	196.6M	206.4M
Net Receivables	91.8M	99.7M	153.3M	173.0M	199.0M	208.9M
Common Stock Shares Outstanding	107.1M	108.0M	188.9M	216.5M	249.0M	261.4M
Liabilities And Stockholders Equity	920.2M	992.9M	4.6B	4.5B	5.2B	5.5B
Non Current Liabilities Total	26.2M	27.7M	1.3B	1.3B	1.4B	1.5B
Inventory	100.7M	122.3M	133.8M	189.3M	217.7M	228.5M
Other Current Assets	35.7M	47.5M	53.3M	56.0M	64.4M	67.7M
Other Stockholder Equity	295.0M	310.0M	2.6B	2.6B	3.0B	3.1B
Total Liab	79.8M	105.6M	1.4B	1.4B	1.6B	1.7B
Property Plant And Equipment Gross	102.9M	215.5M	318.9M	432.2M	497.0M	521.9M
Total Current Assets	591.5M	626.8M	585.9M	589.2M	677.6M	711.5M
Accumulated Other Comprehensive Income	(11.4M)	(27.8M)	(33.3M)	(30.0M)	(27.0M)	(25.7M)
Short Term Debt	1.3M	1.4M	3.3M	7.5M	8.7M	9.1M
Intangible Assets	92.3M	107.5M	1.6B	1.5B	1.7B	1.8B
Accounts Payable	23.9M	34.6M	76.7M	83.1M	95.5M	100.3M
Common Stock Total Equity	8.5M	17.2M	17.2M	34.6M	39.8M	41.8M
Short Term Investments	305.5M	336.6M	82.3M	325K	373.8K	355.1K
Common Stock	17.2M	17.2M	34.6M	34.7M	39.9M	37.9M
Other Liab	22.6M	26.2M	27.7M	375.7M	432.1M	453.7M
Other Assets	2.0M	4.8B	15.2M	1.0	1.15	1.09
Good Will	228.3M	255.5M	3.8B	2.1B	2.5B	2.6B
Property Plant Equipment	78.7M	100.5M	110.6M	198.7M	228.6M	240.0M
Current Deferred Revenue	3.4M	5.5M	4.6M	4.6M	5.3M	3.3M
Net Tangible Assets	599.6M	612.1M	887.4M	3.1B	3.6B	3.8B
Retained Earnings Total Equity	478.7M	539.6M	587.9M	565.0M	649.8M	382.8M

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When determining whether Neogen is a strong investment it is important to analyze Neogen's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Neogen's future performance. For an informed investment choice regarding Neogen Stock, refer to the following important reports:

How To Invest In Neogen

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Is Neogen Stock a good investment?

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What is Neogen's Net Worth?

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Largest Health Care Equipment & Supplies Companies

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neogen. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more detail on how to invest in Neogen Stock please use our How to Invest in Neogen guide.

You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Is Health Care Equipment & Supplies 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 Neogen. If investors know Neogen 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 Neogen 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

(0.86)

Earnings Share

(2.19)

Revenue Per Share

4.212

Quarterly Revenue Growth

(0.05)

Return On Assets

0.0085

The market value of Neogen is measured differently than its book value, which is the value of Neogen that is recorded on the company's balance sheet. Investors also form their own opinion of Neogen's value that differs from its market value or its book value, called intrinsic value, which is Neogen'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 Neogen's market value can be influenced by many factors that don't directly affect Neogen'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 Neogen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Neogen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Neogen'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.

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Neogen Payables Turnover vs Ev To Operating Cash Flow Analysis

Payables Turnover vs Ev To Operating Cash Flow

Payables Turnover vs Ev To Operating Cash Flow Correlation Analysis

Correlation Coefficient

Payables Turnover

Ev To Operating Cash Flow

Neogen fundamental ratios Correlations

Neogen Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Neogen fundamental ratios Accounts

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Other Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Intangible Assets	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Current Liabilities

Short Term Investments	- 0.49	Short Term Debt
Short Term Investments	- 0.41	Non Current Liabilities Total
Short Term Investments	- 0.39	Intangible Assets
Short Term Investments	- 0.39	Total Liab
Short Term Investments	- 0.38	Non Current Assets Total
Short Term Investments	- 0.36	Other Stockholder Equity