Nutriband Roic vs Average Payables Analysis

NTRBW Stock  USD 1.56  0.09  6.12%   
Nutriband Warrant financial indicator trend analysis is infinitely more than just investigating Nutriband Warrant recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nutriband Warrant is a good investment. Please check the relationship between Nutriband Warrant Roic and its Average Payables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nutriband Warrant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
For more information on how to buy Nutriband Stock please use our How to Invest in Nutriband Warrant guide.

Roic vs Average Payables

Roic vs Average Payables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nutriband Warrant Roic account and Average Payables. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Nutriband Warrant's Roic and Average Payables is -0.53. Overlapping area represents the amount of variation of Roic that can explain the historical movement of Average Payables in the same time period over historical financial statements of Nutriband Warrant, assuming nothing else is changed. The correlation between historical values of Nutriband Warrant's Roic 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 Roic of Nutriband Warrant 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 Roic i.e., Nutriband Warrant's Roic and Average Payables go up and down completely randomly.

Correlation Coefficient

-0.53
Relationship DirectionNegative 
Relationship StrengthVery Weak

Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.

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 Nutriband Warrant's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nutriband Warrant 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 Nutriband Warrant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
For more information on how to buy Nutriband Stock please use our How to Invest in Nutriband Warrant guide.Sales General And Administrative To Revenue is likely to climb to 3.26 in 2024, whereas Selling General Administrative is likely to drop slightly above 3.1 M in 2024.
 2021 2022 2023 2024 (projected)
Reconciled Depreciation318.3K369.0K287.7K233.4K
Cost Of Revenue917.8K1.3M1.2M896.5K

Nutriband Warrant fundamental ratios Correlations

0.530.640.99-0.54-0.810.840.770.740.80.870.120.870.670.810.48-0.81-0.330.850.780.770.990.420.410.960.91
0.530.840.420.35-0.310.7-0.01-0.030.490.210.240.340.860.011.0-0.57-0.150.360.17-0.060.50.99-0.450.610.73
0.640.840.50.14-0.540.930.150.120.580.410.650.541.00.180.84-0.840.130.640.310.130.560.81-0.380.610.69
0.990.420.5-0.64-0.80.740.830.810.770.890.010.870.540.870.36-0.73-0.390.810.80.840.990.290.540.940.87
-0.540.350.14-0.640.37-0.16-0.94-0.94-0.18-0.580.11-0.440.13-0.930.40.250.18-0.37-0.48-0.92-0.560.44-0.95-0.39-0.21
-0.81-0.31-0.54-0.80.37-0.76-0.53-0.48-0.95-0.92-0.14-0.99-0.55-0.6-0.260.790.32-0.89-0.92-0.64-0.82-0.19-0.25-0.83-0.8
0.840.70.930.74-0.16-0.760.420.390.740.680.570.770.940.460.68-0.930.030.850.560.430.780.63-0.080.780.81
0.77-0.010.150.83-0.94-0.530.420.990.410.7-0.040.620.170.99-0.07-0.48-0.260.530.60.960.79-0.120.850.640.49
0.74-0.030.120.81-0.94-0.480.390.990.340.65-0.040.560.140.98-0.09-0.45-0.240.480.550.970.76-0.140.870.610.46
0.80.490.580.77-0.18-0.950.740.410.340.860.00.950.60.480.45-0.75-0.470.820.890.490.820.390.110.890.89
0.870.210.410.89-0.58-0.920.680.70.650.860.020.940.440.770.15-0.74-0.420.910.960.750.880.080.490.870.78
0.120.240.650.010.11-0.140.57-0.04-0.040.00.020.10.61-0.040.27-0.490.770.36-0.11-0.050.020.26-0.39-0.04-0.01
0.870.340.540.87-0.44-0.990.770.620.560.950.940.10.560.690.3-0.79-0.360.890.930.710.880.220.320.890.84
0.670.861.00.540.13-0.550.940.170.140.60.440.610.560.20.85-0.850.090.660.340.160.60.82-0.350.650.73
0.810.010.180.87-0.93-0.60.460.990.980.480.77-0.040.690.2-0.05-0.53-0.290.60.670.980.83-0.110.840.70.55
0.481.00.840.360.4-0.260.68-0.07-0.090.450.150.270.30.85-0.05-0.55-0.10.320.11-0.120.441.0-0.50.550.68
-0.81-0.57-0.84-0.730.250.79-0.93-0.48-0.45-0.75-0.74-0.49-0.79-0.85-0.53-0.550.12-0.83-0.66-0.5-0.76-0.49-0.03-0.78-0.78
-0.33-0.150.13-0.390.180.320.03-0.26-0.24-0.47-0.420.77-0.360.09-0.29-0.10.12-0.08-0.54-0.29-0.41-0.08-0.34-0.53-0.51
0.850.360.640.81-0.37-0.890.850.530.480.820.910.360.890.660.60.32-0.83-0.080.820.570.810.250.20.790.76
0.780.170.310.8-0.48-0.920.560.60.550.890.96-0.110.930.340.670.11-0.66-0.540.820.690.810.030.440.830.75
0.77-0.060.130.84-0.92-0.640.430.960.970.490.75-0.050.710.160.98-0.12-0.5-0.290.570.690.79-0.180.840.660.52
0.990.50.560.99-0.56-0.820.780.790.760.820.880.020.880.60.830.44-0.76-0.410.810.810.790.380.460.970.91
0.420.990.810.290.44-0.190.63-0.12-0.140.390.080.260.220.82-0.111.0-0.49-0.080.250.03-0.180.38-0.540.490.63
0.41-0.45-0.380.54-0.95-0.25-0.080.850.870.110.49-0.390.32-0.350.84-0.5-0.03-0.340.20.440.840.46-0.540.310.13
0.960.610.610.94-0.39-0.830.780.640.610.890.87-0.040.890.650.70.55-0.78-0.530.790.830.660.970.490.310.97
0.910.730.690.87-0.21-0.80.810.490.460.890.78-0.010.840.730.550.68-0.78-0.510.760.750.520.910.630.130.97
Click cells to compare fundamentals

Nutriband Warrant Account Relationship Matchups

Nutriband Warrant fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.2M9.9M12.7M9.5M7.5M5.5M
Short Long Term Debt Total321.6K1.8M134.6K185.8K241.3K337.8K
Total Current Liabilities2.0M2.6M779.3K748.6K999.1K927.7K
Total Stockholder Equity175.4K7.1M11.9M8.6M6.4M4.5M
Net Debt311.4K1.6M(4.8M)(1.8M)(251.7K)(264.2K)
Retained Earnings(8.9M)(11.8M)(18.0M)(22.5M)(28.0M)(26.6M)
Accounts Payable771.9K940.6K639.5K534.7K680.1K473.8K
Cash10.2K152.0K4.9M2.0M492.9K982.0K
Cash And Short Term Investments10.2K152.0K4.9M2.0M492.9K468.3K
Net Receivables12.8K109.3K71.4K113.0K148.6K156.1K
Common Stock Shares Outstanding6.3M6.7M7.9M8.5M8.0M7.5M
Liabilities And Stockholders Equity2.2M9.9M12.7M9.5M7.5M5.5M
Non Current Liabilities Total1.1M246.9K101.1K134.8K79.8K75.8K
Other Stockholder Equity9.1M18.9M29.9M31.1M34.4M36.1M
Total Liab2.0M2.8M880.4K883.4K1.1M996.5K
Total Current Assets43.2K314.2K5.5M2.7M1.0M1.3M
Short Term Debt321.6K1.6M52.8K82.3K195.7K282.3K
Common Stock5.4K6.3K7.8K7.8K8.9K10.3K
Other Current Assets20.2K0.0740.9K365.9K211.7K220.6K
Non Current Assets Total2.2M9.6M7.3M6.8M6.5M5.4M
Net Invested Capital487K8.8M12.0M8.7M6.6M6.2M
Short Long Term Debt311.6K1.5M14.1K19.7K127.2K235.4K
Net Working Capital(2.0M)(2.3M)4.7M1.9M22.8K21.6K
Property Plant And Equipment Net120.6K1.1M998.3K960.5K806.3K753.2K
Capital Stock5.4K6.3K7.8K7.8K8.9K7.7K
Intangible Assets314.7K1.0M926.9K780.4K667.3K742.1K

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