NEXE Roe vs Average Payables 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 Roe and its Average Payables 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.

Roe vs Average Payables

Roe vs Average Payables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NEXE Innovations Roe account and Average Payables. At this time, the significance of the direction appears to have strong relationship.

The correlation between NEXE Innovations' Roe and Average Payables is 0.71. Overlapping area represents the amount of variation of Roe that can explain the historical movement of Average Payables 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' Roe and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roe of NEXE Innovations are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Roe i.e., NEXE Innovations' Roe and Average Payables go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Roe

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

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 Depreciation	672.8K	987.6K	1.1M	648.6K
Total Operating Expenses	7.9M	5.7M	6.6M	7.5M

Reconciled Depreciation Total Operating Expenses

NEXE Innovations fundamental ratios Correlations

	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Net Receivables	Other Stockholder Equity	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Cash	Non Current Assets Total	Other Assets	Long Term Debt	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt	Capital Stock	Net Working Capital
Total Current Liabilities		0.99	-0.94	0.86	-0.21	0.85	0.96	0.99	0.75	0.99	0.99	0.81	0.84	0.75	0.62	-0.9	0.97	0.32	-0.46	0.64	0.97	0.99	0.82	0.62	0.99	0.94
Net Tangible Assets	0.99		-0.93	0.83	-0.2	0.81	0.98	0.99	0.73	1.0	1.0	0.78	0.85	0.73	0.6	-0.87	0.96	0.4	-0.39	0.59	0.98	1.0	0.79	0.63	0.99	0.96
Retained Earnings	-0.94	-0.93		-0.95	0.51	-0.94	-0.85	-0.96	-0.91	-0.94	-0.94	-0.91	-0.66	-0.88	-0.83	0.96	-0.97	-0.37	0.63	-0.8	-0.9	-0.93	-0.92	-0.37	-0.97	-0.84
Accounts Payable	0.86	0.83	-0.95		-0.55	0.99	0.74	0.87	0.96	0.85	0.86	0.89	0.6	0.85	0.86	-0.98	0.93	0.13	-0.75	0.93	0.83	0.85	0.89	0.31	0.9	0.75
Net Receivables	-0.21	-0.2	0.51	-0.55		-0.6	-0.01	-0.32	-0.74	-0.22	-0.22	-0.7	0.27	-0.77	-0.88	0.52	-0.4	-0.32	0.71	-0.66	-0.13	-0.21	-0.68	0.59	-0.35	-0.01
Other Stockholder Equity	0.85	0.81	-0.94	0.99	-0.6		0.71	0.86	0.96	0.83	0.83	0.89	0.54	0.87	0.89	-0.95	0.91	0.21	-0.74	0.9	0.79	0.83	0.9	0.23	0.88	0.71
Total Current Assets	0.96	0.98	-0.85	0.74	-0.01	0.71		0.93	0.61	0.98	0.97	0.63	0.93	0.56	0.45	-0.78	0.9	0.36	-0.22	0.47	0.99	0.98	0.65	0.77	0.93	0.99
Common Stock	0.99	0.99	-0.96	0.87	-0.32	0.86	0.93		0.8	0.98	0.98	0.86	0.77	0.82	0.69	-0.92	0.98	0.39	-0.51	0.67	0.96	0.98	0.87	0.52	1.0	0.92
Property Plant Equipment	0.75	0.73	-0.91	0.96	-0.74	0.96	0.61	0.8		0.76	0.76	0.92	0.41	0.91	0.96	-0.94	0.87	0.21	-0.8	0.94	0.71	0.76	0.92	0.08	0.83	0.61
Total Assets	0.99	1.0	-0.94	0.85	-0.22	0.83	0.98	0.98	0.76		1.0	0.77	0.86	0.72	0.63	-0.88	0.97	0.38	-0.39	0.62	0.99	1.0	0.78	0.64	0.99	0.97
Total Stockholder Equity	0.99	1.0	-0.94	0.86	-0.22	0.83	0.97	0.98	0.76	1.0		0.78	0.86	0.72	0.63	-0.88	0.97	0.38	-0.4	0.63	0.99	1.0	0.79	0.63	0.99	0.97
Property Plant And Equipment Net	0.81	0.78	-0.91	0.89	-0.7	0.89	0.63	0.86	0.92	0.77	0.78		0.38	0.99	0.89	-0.94	0.89	0.29	-0.82	0.83	0.7	0.77	1.0	0.06	0.86	0.6
Cash	0.84	0.85	-0.66	0.6	0.27	0.54	0.93	0.77	0.41	0.86	0.86	0.38		0.29	0.19	-0.62	0.74	0.11	-0.06	0.36	0.91	0.86	0.4	0.94	0.78	0.95
Non Current Assets Total	0.75	0.73	-0.88	0.85	-0.77	0.87	0.56	0.82	0.91	0.72	0.72	0.99	0.29		0.91	-0.9	0.85	0.35	-0.82	0.81	0.64	0.71	0.99	-0.04	0.82	0.53
Other Assets	0.62	0.6	-0.83	0.86	-0.88	0.89	0.45	0.69	0.96	0.63	0.63	0.89	0.19	0.91		-0.82	0.76	0.36	-0.76	0.86	0.56	0.62	0.88	-0.16	0.72	0.45
Long Term Debt	-0.9	-0.87	0.96	-0.98	0.52	-0.95	-0.78	-0.92	-0.94	-0.88	-0.88	-0.94	-0.62	-0.9	-0.82		-0.96	-0.13	0.78	-0.9	-0.84	-0.88	-0.94	-0.34	-0.93	-0.77
Common Stock Shares Outstanding	0.97	0.96	-0.97	0.93	-0.4	0.91	0.9	0.98	0.87	0.97	0.97	0.89	0.74	0.85	0.76	-0.96		0.32	-0.59	0.77	0.95	0.97	0.9	0.47	0.99	0.89
Short Term Investments	0.32	0.4	-0.37	0.13	-0.32	0.21	0.36	0.39	0.21	0.38	0.38	0.29	0.11	0.35	0.36	-0.13	0.32		0.22	-0.13	0.34	0.38	0.29	-0.05	0.38	0.35
Non Current Liabilities Total	-0.46	-0.39	0.63	-0.75	0.71	-0.74	-0.22	-0.51	-0.8	-0.39	-0.4	-0.82	-0.06	-0.82	-0.76	0.78	-0.59	0.22		-0.9	-0.33	-0.39	-0.82	0.2	-0.52	-0.2
Other Current Assets	0.64	0.59	-0.8	0.93	-0.66	0.9	0.47	0.67	0.94	0.62	0.63	0.83	0.36	0.81	0.86	-0.9	0.77	-0.13	-0.9		0.59	0.62	0.84	0.07	0.7	0.48
Total Liab	0.97	0.98	-0.9	0.83	-0.13	0.79	0.99	0.96	0.71	0.99	0.99	0.7	0.91	0.64	0.56	-0.84	0.95	0.34	-0.33	0.59		0.99	0.72	0.7	0.97	0.99
Net Invested Capital	0.99	1.0	-0.93	0.85	-0.21	0.83	0.98	0.98	0.76	1.0	1.0	0.77	0.86	0.71	0.62	-0.88	0.97	0.38	-0.39	0.62	0.99		0.78	0.64	0.99	0.97
Property Plant And Equipment Gross	0.82	0.79	-0.92	0.89	-0.68	0.9	0.65	0.87	0.92	0.78	0.79	1.0	0.4	0.99	0.88	-0.94	0.9	0.29	-0.82	0.84	0.72	0.78		0.09	0.87	0.62
Short Long Term Debt	0.62	0.63	-0.37	0.31	0.59	0.23	0.77	0.52	0.08	0.64	0.63	0.06	0.94	-0.04	-0.16	-0.34	0.47	-0.05	0.2	0.07	0.7	0.64	0.09		0.52	0.79
Capital Stock	0.99	0.99	-0.97	0.9	-0.35	0.88	0.93	1.0	0.83	0.99	0.99	0.86	0.78	0.82	0.72	-0.93	0.99	0.38	-0.52	0.7	0.97	0.99	0.87	0.52		0.92
Net Working Capital	0.94	0.96	-0.84	0.75	-0.01	0.71	0.99	0.92	0.61	0.97	0.97	0.6	0.95	0.53	0.45	-0.77	0.89	0.35	-0.2	0.48	0.99	0.97	0.62	0.79	0.92

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NEXE Innovations Account Relationship Matchups

NEXE Innovations fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Current Liabilities	888.2K	3.9M	3.0M	3.2M	3.7M	2.5M
Net Tangible Assets	4.8M	52.3M	44.7M	39.4M	45.3M	31.7M
Retained Earnings	(5.9M)	(23.1M)	(31.4M)	(37.5M)	(33.8M)	(32.1M)
Accounts Payable	664.8K	1.5M	1.6M	2.9M	3.3M	3.5M
Net Receivables	274.8K	603.4K	16.0K	342.0	307.8	292.41
Other Stockholder Equity	836.6K	819.8K	1.4M	2.1M	2.5M	2.6M
Total Current Assets	3.6M	53.4M	34.7M	26.2M	30.1M	26.2M
Common Stock	11.1M	66.7M	66.9M	66.2M	76.1M	48.1M
Property Plant Equipment	2.6M	4.1M	12.1M	17.1M	19.6M	20.6M

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NEXE Roe vs Average Payables Analysis

Roe vs Average Payables

Roe vs Average Payables Correlation Analysis

Correlation Coefficient

Roe

Average Payables

NEXE Innovations fundamental ratios Correlations

NEXE Innovations Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NEXE Innovations fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Total Assets	+ 1.0	Net Tangible Assets
Total Stockholder Equity	+ 1.0	Net Tangible Assets
Net Invested Capital	+ 1.0	Net Tangible Assets
Capital Stock	+ 1.0	Common Stock
Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets

Long Term Debt	- 0.98	Accounts Payable
Capital Stock	- 0.97	Retained Earnings
Common Stock Shares Outstanding	- 0.97	Retained Earnings
Common Stock Shares Outstanding	- 0.96	Long Term Debt
Common Stock	- 0.96	Retained Earnings
Long Term Debt	- 0.95	Other Stockholder Equity