NEXE Average Inventory vs Capex To Operating Cash Flow Analysis

NEXE Stock  CAD 0.43  0.04  10.26%   
NEXE Innovations financial indicator trend analysis is infinitely more than just investigating NEXE Innovations recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NEXE Innovations is a good investment. Please check the relationship between NEXE Innovations Average Inventory and its Capex To Operating Cash Flow accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NEXE Innovations. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Average Inventory vs Capex To Operating Cash Flow

Average Inventory vs Capex To Operating Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NEXE Innovations Average Inventory account and Capex To Operating Cash Flow. At this time, the significance of the direction appears to have pay attention.
The correlation between NEXE Innovations' Average Inventory and Capex To Operating Cash Flow is -0.82. Overlapping area represents the amount of variation of Average Inventory that can explain the historical movement of Capex To Operating Cash Flow in the same time period over historical financial statements of NEXE Innovations, assuming nothing else is changed. The correlation between historical values of NEXE Innovations' Average Inventory and Capex 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 Average Inventory of NEXE Innovations are associated (or correlated) with its Capex To Operating Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Operating Cash Flow has no effect on the direction of Average Inventory i.e., NEXE Innovations' Average Inventory and Capex To Operating Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.82
Relationship DirectionNegative 
Relationship StrengthSignificant

Average Inventory

The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.

Capex To Operating Cash Flow

Most indicators from NEXE Innovations' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NEXE Innovations 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 NEXE Innovations. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
Selling General Administrative is likely to climb to about 6.8 M in 2024, whereas Discontinued Operations is likely to drop (102.1 K) in 2024.
 2021 2022 2023 2024 (projected)
Reconciled Depreciation672.8K987.6K1.1M648.6K
Total Operating Expenses7.9M5.7M6.6M7.5M

NEXE Innovations fundamental ratios Correlations

0.99-0.940.86-0.210.850.960.990.750.990.990.810.840.750.62-0.90.970.32-0.460.640.970.990.820.620.990.94
0.99-0.930.83-0.20.810.980.990.731.01.00.780.850.730.6-0.870.960.4-0.390.590.981.00.790.630.990.96
-0.94-0.93-0.950.51-0.94-0.85-0.96-0.91-0.94-0.94-0.91-0.66-0.88-0.830.96-0.97-0.370.63-0.8-0.9-0.93-0.92-0.37-0.97-0.84
0.860.83-0.95-0.550.990.740.870.960.850.860.890.60.850.86-0.980.930.13-0.750.930.830.850.890.310.90.75
-0.21-0.20.51-0.55-0.6-0.01-0.32-0.74-0.22-0.22-0.70.27-0.77-0.880.52-0.4-0.320.71-0.66-0.13-0.21-0.680.59-0.35-0.01
0.850.81-0.940.99-0.60.710.860.960.830.830.890.540.870.89-0.950.910.21-0.740.90.790.830.90.230.880.71
0.960.98-0.850.74-0.010.710.930.610.980.970.630.930.560.45-0.780.90.36-0.220.470.990.980.650.770.930.99
0.990.99-0.960.87-0.320.860.930.80.980.980.860.770.820.69-0.920.980.39-0.510.670.960.980.870.521.00.92
0.750.73-0.910.96-0.740.960.610.80.760.760.920.410.910.96-0.940.870.21-0.80.940.710.760.920.080.830.61
0.991.0-0.940.85-0.220.830.980.980.761.00.770.860.720.63-0.880.970.38-0.390.620.991.00.780.640.990.97
0.991.0-0.940.86-0.220.830.970.980.761.00.780.860.720.63-0.880.970.38-0.40.630.991.00.790.630.990.97
0.810.78-0.910.89-0.70.890.630.860.920.770.780.380.990.89-0.940.890.29-0.820.830.70.771.00.060.860.6
0.840.85-0.660.60.270.540.930.770.410.860.860.380.290.19-0.620.740.11-0.060.360.910.860.40.940.780.95
0.750.73-0.880.85-0.770.870.560.820.910.720.720.990.290.91-0.90.850.35-0.820.810.640.710.99-0.040.820.53
0.620.6-0.830.86-0.880.890.450.690.960.630.630.890.190.91-0.820.760.36-0.760.860.560.620.88-0.160.720.45
-0.9-0.870.96-0.980.52-0.95-0.78-0.92-0.94-0.88-0.88-0.94-0.62-0.9-0.82-0.96-0.130.78-0.9-0.84-0.88-0.94-0.34-0.93-0.77
0.970.96-0.970.93-0.40.910.90.980.870.970.970.890.740.850.76-0.960.32-0.590.770.950.970.90.470.990.89
0.320.4-0.370.13-0.320.210.360.390.210.380.380.290.110.350.36-0.130.320.22-0.130.340.380.29-0.050.380.35
-0.46-0.390.63-0.750.71-0.74-0.22-0.51-0.8-0.39-0.4-0.82-0.06-0.82-0.760.78-0.590.22-0.9-0.33-0.39-0.820.2-0.52-0.2
0.640.59-0.80.93-0.660.90.470.670.940.620.630.830.360.810.86-0.90.77-0.13-0.90.590.620.840.070.70.48
0.970.98-0.90.83-0.130.790.990.960.710.990.990.70.910.640.56-0.840.950.34-0.330.590.990.720.70.970.99
0.991.0-0.930.85-0.210.830.980.980.761.01.00.770.860.710.62-0.880.970.38-0.390.620.990.780.640.990.97
0.820.79-0.920.89-0.680.90.650.870.920.780.791.00.40.990.88-0.940.90.29-0.820.840.720.780.090.870.62
0.620.63-0.370.310.590.230.770.520.080.640.630.060.94-0.04-0.16-0.340.47-0.050.20.070.70.640.090.520.79
0.990.99-0.970.9-0.350.880.931.00.830.990.990.860.780.820.72-0.930.990.38-0.520.70.970.990.870.520.92
0.940.96-0.840.75-0.010.710.990.920.610.970.970.60.950.530.45-0.770.890.35-0.20.480.990.970.620.790.92
Click cells to compare fundamentals

NEXE Innovations Account Relationship Matchups

NEXE Innovations fundamental ratios Accounts

201920202021202220232024 (projected)
Total Current Liabilities888.2K3.9M3.0M3.2M3.7M2.5M
Net Tangible Assets4.8M52.3M44.7M39.4M45.3M31.7M
Retained Earnings(5.9M)(23.1M)(31.4M)(37.5M)(33.8M)(32.1M)
Accounts Payable664.8K1.5M1.6M2.9M3.3M3.5M
Net Receivables274.8K603.4K16.0K342.0307.8292.41
Other Stockholder Equity836.6K819.8K1.4M2.1M2.5M2.6M
Total Current Assets3.6M53.4M34.7M26.2M30.1M26.2M
Common Stock11.1M66.7M66.9M66.2M76.1M48.1M
Property Plant Equipment2.6M4.1M12.1M17.1M19.6M20.6M

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Additional Tools for NEXE Stock Analysis

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