Now Net Invested Capital vs Capital Stock Analysis

DNOW Stock

USD 14.63 0.05 0.34%

Now financial indicator trend analysis is infinitely more than just investigating Now Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Now Inc is a good investment. Please check the relationship between Now Net Invested Capital and its Capital Stock accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Now Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

Net Invested Capital vs Capital Stock

Net Invested Capital vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Now Inc Net Invested Capital account and Capital Stock. At this time, the significance of the direction appears to have weak relationship.

The correlation between Now's Net Invested Capital and Capital Stock is 0.38. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Now Inc, assuming nothing else is changed. The correlation between historical values of Now's Net Invested Capital and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Now Inc are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Net Invested Capital i.e., Now's Net Invested Capital and Capital Stock go up and down completely randomly.

Correlation Coefficient

0.38

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Capital Stock

The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.

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

At this time, Now's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 1.4 B in 2024, despite the fact that Tax Provision is likely to grow to (104.5 M).

	2021	2022	2023	2024 (projected)
Gross Profit	357M	506M	535M	432.1M
Total Revenue	1.6B	2.1B	2.3B	2.2B

Gross Profit Total Revenue

Now fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Accounts Payable	Cash	Other Assets	Good Will	Inventory	Other Current Assets	Total Liab	Intangible Assets	Property Plant Equipment	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Other Stockholder Equity	Property Plant And Equipment Gross	Total Current Assets
Common Stock Shares Outstanding		-0.51	0.09	-0.19	-0.5	-0.05	-0.18	0.35	0.02	-0.44	-0.46	-0.27	-0.2	-0.48	0.21	0.13	0.44	-0.42	-0.48	0.17	0.39	-0.41	-0.04	0.73	0.36	-0.46
Total Assets	-0.51		0.25	0.52	0.98	-0.1	0.57	-0.63	-0.47	0.87	0.97	0.72	0.34	0.7	-0.44	-0.21	-0.51	0.46	0.67	-0.61	-0.69	0.97	-0.21	-0.8	-0.54	0.96
Other Current Liab	0.09	0.25		0.3	0.29	-0.71	0.19	0.32	0.15	-0.01	0.28	0.4	-0.16	0.3	-0.72	-0.46	0.05	-0.46	-0.31	0.17	0.21	0.32	-0.71	-0.32	0.09	0.33
Total Current Liabilities	-0.19	0.52	0.3		0.39	0.11	0.98	-0.12	-0.45	0.42	0.36	0.49	0.82	0.01	-0.04	-0.05	0.21	0.07	0.32	-0.15	-0.11	0.63	-0.17	-0.15	0.05	0.58
Total Stockholder Equity	-0.5	0.98	0.29	0.39		-0.19	0.44	-0.6	-0.39	0.83	0.99	0.72	0.17	0.74	-0.51	-0.25	-0.58	0.4	0.61	-0.6	-0.68	0.94	-0.3	-0.86	-0.57	0.95
Other Liab	-0.05	-0.1	-0.71	0.11	-0.19		0.17	-0.21	-0.26	-0.03	-0.18	-0.18	0.47	-0.31	0.77	0.55	0.22	0.35	0.28	0.01	-0.1	-0.12	0.62	0.41	-0.04	-0.13
Accounts Payable	-0.18	0.57	0.19	0.98	0.44	0.17		-0.2	-0.49	0.49	0.42	0.48	0.84	0.02	-0.01	-0.03	0.13	0.15	0.39	-0.27	-0.19	0.68	-0.1	-0.16	-0.04	0.63
Cash	0.35	-0.63	0.32	-0.12	-0.6	-0.21	-0.2		0.69	-0.85	-0.63	-0.33	-0.33	-0.54	0.02	-0.01	0.23	-0.92	-0.86	0.53	0.99	-0.53	-0.4	0.44	0.47	-0.45
Other Assets	0.02	-0.47	0.15	-0.45	-0.39	-0.26	-0.49	0.69		-0.62	-0.38	-0.26	-0.56	-0.25	-0.26	-0.47	-0.24	-0.63	-0.75	0.49	0.66	-0.43	-0.27	0.06	-0.09	-0.32
Good Will	-0.44	0.87	-0.01	0.42	0.83	-0.03	0.49	-0.85	-0.62		0.83	0.56	0.43	0.67	-0.31	-0.19	-0.34	0.72	0.89	-0.6	-0.88	0.77	0.11	-0.63	-0.61	0.73
Inventory	-0.46	0.97	0.28	0.36	0.99	-0.18	0.42	-0.63	-0.38	0.83		0.67	0.17	0.78	-0.55	-0.31	-0.61	0.45	0.59	-0.6	-0.72	0.93	-0.23	-0.84	-0.6	0.93
Other Current Assets	-0.27	0.72	0.4	0.49	0.72	-0.18	0.48	-0.33	-0.26	0.56	0.67		0.16	0.26	-0.32	-0.29	-0.13	0.06	0.34	-0.02	-0.36	0.76	-0.5	-0.56	-0.4	0.77
Total Liab	-0.2	0.34	-0.16	0.82	0.17	0.47	0.84	-0.33	-0.56	0.43	0.17	0.16		-0.07	0.25	0.14	0.26	0.44	0.52	-0.2	-0.27	0.38	0.43	0.09	0.0	0.31
Intangible Assets	-0.48	0.7	0.3	0.01	0.74	-0.31	0.02	-0.54	-0.25	0.67	0.78	0.26	-0.07		-0.67	-0.32	-0.56	0.48	0.49	-0.45	-0.67	0.55	-0.09	-0.76	-0.52	0.55
Property Plant Equipment	0.21	-0.44	-0.72	-0.04	-0.51	0.77	-0.01	0.02	-0.26	-0.31	-0.55	-0.32	0.25	-0.67		0.81	0.5	0.09	0.07	0.08	0.16	-0.4	0.46	0.65	0.45	-0.45
Property Plant And Equipment Net	0.13	-0.21	-0.46	-0.05	-0.25	0.55	-0.03	-0.01	-0.47	-0.19	-0.31	-0.29	0.14	-0.32	0.81		0.35	0.1	0.2	-0.21	0.06	-0.23	0.3	0.42	0.55	-0.28
Current Deferred Revenue	0.44	-0.51	0.05	0.21	-0.58	0.22	0.13	0.23	-0.24	-0.34	-0.61	-0.13	0.26	-0.56	0.5	0.35		-0.19	-0.14	0.53	0.3	-0.44	0.09	0.7	0.57	-0.52
Net Debt	-0.42	0.46	-0.46	0.07	0.4	0.35	0.15	-0.92	-0.63	0.72	0.45	0.06	0.44	0.48	0.09	0.1	-0.19		0.84	-0.48	-0.9	0.33	0.68	-0.31	-0.39	0.26
Non Current Assets Total	-0.48	0.67	-0.31	0.32	0.61	0.28	0.39	-0.86	-0.75	0.89	0.59	0.34	0.52	0.49	0.07	0.2	-0.14	0.84		-0.56	-0.85	0.53	0.4	-0.4	-0.43	0.48
Non Currrent Assets Other	0.17	-0.61	0.17	-0.15	-0.6	0.01	-0.27	0.53	0.49	-0.6	-0.6	-0.02	-0.2	-0.45	0.08	-0.21	0.53	-0.48	-0.56		0.56	-0.57	-0.14	0.42	0.17	-0.52
Cash And Short Term Investments	0.39	-0.69	0.21	-0.11	-0.68	-0.1	-0.19	0.99	0.66	-0.88	-0.72	-0.36	-0.27	-0.67	0.16	0.06	0.3	-0.9	-0.85	0.56		-0.58	-0.31	0.55	0.51	-0.52
Net Receivables	-0.41	0.97	0.32	0.63	0.94	-0.12	0.68	-0.53	-0.43	0.77	0.93	0.76	0.38	0.55	-0.4	-0.23	-0.44	0.33	0.53	-0.57	-0.58		-0.31	-0.74	-0.42	0.99
Non Current Liabilities Total	-0.04	-0.21	-0.71	-0.17	-0.3	0.62	-0.1	-0.4	-0.27	0.11	-0.23	-0.5	0.43	-0.09	0.46	0.3	0.09	0.68	0.4	-0.14	-0.31	-0.31		0.36	-0.09	-0.35
Other Stockholder Equity	0.73	-0.8	-0.32	-0.15	-0.86	0.41	-0.16	0.44	0.06	-0.63	-0.84	-0.56	0.09	-0.76	0.65	0.42	0.7	-0.31	-0.4	0.42	0.55	-0.74	0.36		0.5	-0.78
Property Plant And Equipment Gross	0.36	-0.54	0.09	0.05	-0.57	-0.04	-0.04	0.47	-0.09	-0.61	-0.6	-0.4	0.0	-0.52	0.45	0.55	0.57	-0.39	-0.43	0.17	0.51	-0.42	-0.09	0.5		-0.48
Total Current Assets	-0.46	0.96	0.33	0.58	0.95	-0.13	0.63	-0.45	-0.32	0.73	0.93	0.77	0.31	0.55	-0.45	-0.28	-0.52	0.26	0.48	-0.52	-0.52	0.99	-0.35	-0.78	-0.48

Click cells to compare fundamentals

Now Account Relationship Matchups

Now fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	108.8M	109.4M	110.5M	111.2M	108.4M	119.2M
Total Assets	1.6B	1.0B	1.1B	1.3B	1.5B	1.4B
Other Current Liab	86M	59M	92M	89M	84M	66.8M
Total Current Liabilities	396M	272M	369M	439M	418M	317.1M
Total Stockholder Equity	1.1B	699M	712M	842M	1.1B	1.0B
Other Liab	7M	6M	3M	5M	4.5M	5.3M
Accounts Payable	255M	172M	235M	304M	288M	223.7M
Cash	183M	387M	313M	212M	299M	205.2M
Good Will	245M	0.0	67M	116M	139M	183.1M
Inventory	465M	262M	250M	381M	366M	460.4M
Other Current Assets	18M	19M	49M	14M	26M	22.7M
Total Liab	447M	309M	392M	476M	466M	366.5M
Intangible Assets	144M	90M	9M	25M	28M	26.6M
Property Plant Equipment	106M	120M	98M	111M	136.9M	126.8M
Property Plant And Equipment Net	106M	120M	98M	111M	171M	137.8M
Current Deferred Revenue	19M	29M	34M	33M	28M	27.9M
Net Debt	(149M)	(362M)	(296M)	(174M)	(236M)	(224.2M)
Non Current Assets Total	524M	147M	221M	303M	461M	371.3M
Non Currrent Assets Other	10M	67M	48M	34M	42M	4.8M
Cash And Short Term Investments	183M	387M	313M	212M	299M	210M
Net Receivables	370M	198M	304M	398M	384M	357.1M
Liabilities And Stockholders Equity	1.6B	1.0B	1.1B	1.3B	1.5B	1.3B
Non Current Liabilities Total	140M	51M	37M	23M	48M	53.0M
Other Stockholder Equity	2.0B	2.1B	2.1B	2.1B	2.0B	2.2B
Property Plant And Equipment Gross	120M	98M	271M	286M	309M	184.3M
Total Current Assets	1.1B	861M	883M	1.0B	1.1B	960.3M
Accumulated Other Comprehensive Income	(143M)	(128M)	(145M)	(147M)	(150M)	(152.3M)
Short Term Debt	21M	22M	15M	13M	18M	28.1M
Net Tangible Assets	809M	699M	636M	701M	630.9M	672.4M
Retained Earnings	(775M)	(1.2B)	(1.2B)	(1.1B)	(828M)	(869.4M)
Retained Earnings Total Equity	(775M)	(1.2B)	(1.2B)	(1.1B)	(967.5M)	(1.0B)
Capital Surpluse	2.0B	2.1B	2.1B	2.1B	2.4B	2.2B
Short Long Term Debt Total	34M	25M	17M	38M	63M	57.2M

Pair Trading with Now

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Now position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Now will appreciate offsetting losses from the drop in the long position's value.

Moving together with Now Stock

0.67	B	Barnes Group Earnings Call This Week	Pair Corr
0.7	CR	Crane Company Financial Report 8th of May 2024	Pair Corr
0.72	HI	Hillenbrand Earnings Call This Week	Pair Corr
0.89	IR	Ingersoll Rand Earnings Call This Week	Pair Corr

Moving against Now Stock

0.83	ATS	ATS Corporation	Pair Corr
0.44	RR	Richtech Robotics Class	Pair Corr
0.42	BW	Babcock Wilcox Enter Financial Report 8th of May 2024	Pair Corr

The ability to find closely correlated positions to Now could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Now when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Now - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Now Inc to buy it.

The correlation of Now is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Now moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Now Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Now can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Now Inc is a strong investment it is important to analyze Now'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 Now's future performance. For an informed investment choice regarding Now Stock, refer to the following important reports:

How To Invest In Now

Details

Is Now Stock a good investment?

Details

What is Now's Net Worth?

Details

Largest Trading Companies & Distributors Companies

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Largest Specialty Industrial Machinery Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Now Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

Complementary Tools for Now Stock analysis

When running Now's price analysis, check to measure Now's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Now is operating at the current time. Most of Now's value examination focuses on studying past and present price action to predict the probability of Now's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Now's price. Additionally, you may evaluate how the addition of Now to your portfolios can decrease your overall portfolio volatility.

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Is Now's industry 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 Now. If investors know Now 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 Now 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

3.812

Earnings Share

2.24

Revenue Per Share

21.612

Quarterly Revenue Growth

0.015

Return On Assets

0.0645

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

Net Invested Capital vs Capital Stock

Net Invested Capital vs Capital Stock Correlation Analysis

Correlation Coefficient

Net Invested Capital

Capital Stock

Now fundamental ratios Correlations

Now Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Now fundamental ratios Accounts

Pair Trading with Now

Moving together with Now Stock

Moving against Now Stock

Complementary Tools for Now Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Inventory	+ 0.99	Total Stockholder Equity
Cash And Short Term Investments	+ 0.99	Cash
Total Current Assets	+ 0.99	Net Receivables
Total Stockholder Equity	+ 0.98	Total Assets
Accounts Payable	+ 0.98	Total Current Liabilities
Inventory	+ 0.97	Total Assets

Net Debt	- 0.92	Cash
Cash And Short Term Investments	- 0.9	Net Debt
Cash And Short Term Investments	- 0.88	Good Will
Non Current Assets Total	- 0.86	Cash
Other Stockholder Equity	- 0.86	Total Stockholder Equity
Cash And Short Term Investments	- 0.85	Non Current Assets Total