A2Z Total Stockholder Equity vs Net Invested Capital Analysis

AZ Stock  USD 0.39  0.01  2.50%   
A2Z Smart financial indicator trend analysis is way more than just evaluating A2Z Smart Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether A2Z Smart Technologies is a good investment. Please check the relationship between A2Z Smart Total Stockholder Equity and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in A2Z Smart Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Total Stockholder Equity vs Net Invested Capital

Total Stockholder Equity vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of A2Z Smart Technologies Total Stockholder Equity account and Net Invested Capital. At this time, the significance of the direction appears to have almost identical trend.
The correlation between A2Z Smart's Total Stockholder Equity and Net Invested Capital is 0.96. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of A2Z Smart Technologies, assuming nothing else is changed. The correlation between historical values of A2Z Smart's Total Stockholder Equity and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of A2Z Smart Technologies are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Total Stockholder Equity i.e., A2Z Smart's Total Stockholder Equity and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.96
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Most indicators from A2Z Smart's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into A2Z Smart Technologies 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in A2Z Smart Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
At this time, A2Z Smart's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 1.12 in 2024, whereas Tax Provision is likely to drop 0.00 in 2024.
 2021 2022 2023 2024 (projected)
Research Development3.2M4.5M4.8M2.9M
Gross Profit656K1.8M1.4M1.0M

A2Z Smart fundamental ratios Correlations

0.670.230.46-0.90.65-0.60.650.390.10.860.440.910.540.19-0.050.40.360.750.610.440.92-0.180.920.680.71
0.670.270.38-0.840.95-0.570.880.380.710.770.440.840.580.280.040.30.190.790.730.440.81-0.160.810.920.95
0.230.27-0.32-0.330.33-0.580.22-0.030.280.180.40.320.46-0.25-0.350.510.410.510.82-0.10.370.190.370.490.31
0.460.38-0.32-0.580.45-0.330.530.930.040.730.530.450.490.74-0.510.590.450.460.090.760.50.310.50.320.49
-0.9-0.84-0.33-0.58-0.890.77-0.88-0.59-0.42-0.97-0.66-0.98-0.76-0.390.21-0.58-0.5-0.91-0.78-0.62-0.990.0-0.99-0.89-0.93
0.650.950.330.45-0.89-0.70.960.480.740.840.590.880.730.39-0.080.440.360.880.790.570.87-0.020.870.980.99
-0.6-0.57-0.58-0.330.77-0.7-0.79-0.53-0.4-0.77-0.93-0.7-0.97-0.550.44-0.73-0.87-0.93-0.83-0.72-0.79-0.52-0.79-0.73-0.7
0.650.880.220.53-0.880.96-0.790.560.670.880.720.850.820.6-0.120.460.510.910.720.750.860.150.860.90.95
0.390.38-0.030.93-0.590.48-0.530.560.140.730.750.420.690.79-0.760.820.690.580.280.810.520.570.520.390.51
0.10.710.280.04-0.420.74-0.40.670.140.370.340.460.460.220.140.120.10.460.530.290.41-0.050.410.750.7
0.860.770.180.73-0.970.84-0.770.880.730.370.730.920.80.57-0.30.640.590.890.660.770.950.140.950.810.88
0.440.440.40.53-0.660.59-0.930.720.750.340.730.530.980.77-0.650.840.960.820.640.860.640.740.650.580.59
0.910.840.320.45-0.980.88-0.70.850.420.460.920.530.670.26-0.020.430.370.860.760.510.99-0.170.990.90.92
0.540.580.460.49-0.760.73-0.970.820.690.460.80.980.670.7-0.530.790.90.90.750.840.760.60.760.720.72
0.190.28-0.250.74-0.390.39-0.550.60.790.220.570.770.260.7-0.460.510.710.490.10.960.350.70.350.250.38
-0.050.04-0.35-0.510.21-0.080.44-0.12-0.760.14-0.3-0.65-0.02-0.53-0.46-0.9-0.73-0.36-0.28-0.44-0.15-0.78-0.15-0.07-0.09
0.40.30.510.59-0.580.44-0.730.460.820.120.640.840.430.790.51-0.90.850.680.60.60.550.660.550.460.46
0.360.190.410.45-0.50.36-0.870.510.690.10.590.960.370.90.71-0.730.850.690.520.790.510.830.510.360.36
0.750.790.510.46-0.910.88-0.930.910.580.460.890.820.860.90.49-0.360.680.690.890.680.910.290.910.880.88
0.610.730.820.09-0.780.79-0.830.720.280.530.660.640.760.750.1-0.280.60.520.890.310.790.130.790.880.78
0.440.44-0.10.76-0.620.57-0.720.750.810.290.770.860.510.840.96-0.440.60.790.680.310.590.610.60.460.57
0.920.810.370.5-0.990.87-0.790.860.520.410.950.640.990.760.35-0.150.550.510.910.790.59-0.021.00.890.9
-0.18-0.160.190.310.0-0.02-0.520.150.57-0.050.140.74-0.170.60.7-0.780.660.830.290.130.61-0.02-0.02-0.07-0.05
0.920.810.370.5-0.990.87-0.790.860.520.410.950.650.990.760.35-0.150.550.510.910.790.61.0-0.020.890.9
0.680.920.490.32-0.890.98-0.730.90.390.750.810.580.90.720.25-0.070.460.360.880.880.460.89-0.070.890.98
0.710.950.310.49-0.930.99-0.70.950.510.70.880.590.920.720.38-0.090.460.360.880.780.570.9-0.050.90.98
Click cells to compare fundamentals

A2Z Smart Account Relationship Matchups

A2Z Smart fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab422K376K1.1M956K2.5M2.6M
Total Current Liabilities1.1M1.3M2.4M6.2M5.6M2.9M
Other Liab154K8.9M218K2.6M3.0M2.2M
Net Tangible Assets(1.5M)(4.7M)9.4M1.9M2.2M2.3M
Retained Earnings(4.1M)(11.6M)(50.8M)(67.4M)(83.0M)(78.9M)
Accounts Payable471K552K989K2.2M1.7M1.1M
Net Receivables978K258K1.2M2.3M1.8M1.1M
Inventory38K19K1.1M375K248.7K301.4K
Other Current Assets372K483K110K2.6M321.3K305.3K
Other Stockholder Equity5.6M(1.3M)34.8M30.9M35.5M37.3M
Total Current Assets7.3M6.2M11.0M6.9M4.7M5.8M
Property Plant Equipment328K456K1.1M2.4M2.7M2.8M
Total Assets10.0M8.9M14.1M12.7M8.5M10.0M
Total Stockholder Equity8.0M(2.5M)11.5M5.3M1.6M1.5M
Net Debt126K(4.4M)(7.6M)14K(348.2K)(365.6K)
Cash289K5.4M8.5M2.6M2.3M3.5M
Non Current Assets Total2.7M2.7M3.2M5.8M3.8M3.3M
Cash And Short Term Investments5.9M5.4M8.5M2.6M2.3M4.6M
Common Stock Shares Outstanding13.5M16.8M23.3M27.7M34.7M21.4M
Liabilities And Stockholders Equity10.0M8.9M14.1M12.7M8.5M10.0M
Non Current Liabilities Total363K9.5M852K3.6M5.2M3.6M
Total Liab1.5M10.8M3.2M9.8M10.8M6.6M
Net Invested Capital8.3M(1.5M)12.2M7.0M3.9M5.5M
Accumulated Other Comprehensive Income(70K)(1.3M)(708K)(1.6M)29.4M30.9M
Capital Stock6.6M10.4M28.3M43.5M55.5M58.3M
Net Working Capital6.2M4.9M8.6M705K(901K)(856.0K)
Common Stock6.6M10.4M28.3M43.5M55.2M58.0M

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