Lumentum Net Invested Capital vs Retained Earnings Analysis

LITE Stock

USD 43.50 0.14 0.32%

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

For information on how to trade Lumentum Stock refer to our How to Trade Lumentum Stock guide.

Net Invested Capital vs Retained Earnings

Net Invested Capital vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lumentum Holdings Net Invested Capital account and Retained Earnings. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Lumentum Holdings' Net Invested Capital and Retained Earnings is -0.55. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Lumentum Holdings, assuming nothing else is changed. The correlation between historical values of Lumentum Holdings' Net Invested Capital and Retained Earnings 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 Lumentum Holdings are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Invested Capital i.e., Lumentum Holdings' Net Invested Capital and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.55

Relationship Direction	Negative
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.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Lumentum Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lumentum Holdings 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 Lumentum Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

For information on how to trade Lumentum Stock refer to our How to Trade Lumentum Stock guide.At present, Lumentum Holdings' Enterprise Value Over EBITDA is projected to decrease significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 23.99, whereas Selling General Administrative is forecasted to decline to about 220.2 M.

	2021	2022	2023	2024 (projected)
Interest Expense	80.2M	35.5M	40.8M	28.1M
Depreciation And Amortization	167.1M	255.6M	293.9M	308.6M

Interest Expense Depreciation And Amortization

Lumentum Holdings fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Property Plant Equipment	Net Tangible Assets	Retained Earnings
Common Stock Shares Outstanding		0.88	0.91	0.82	0.96	0.86	0.89	0.66	0.81	0.79	0.82	0.61	0.62	0.89	0.89	0.74	0.69	0.77	0.62	0.77	0.89	0.88	0.77	0.89	0.53	-0.2
Total Assets	0.88		0.85	0.95	0.83	0.94	0.89	0.91	0.84	0.92	0.97	0.77	0.63	0.97	0.89	0.96	0.94	0.94	0.71	0.98	0.89	0.99	0.91	0.89	0.2	-0.59
Other Current Liab	0.91	0.85		0.83	0.91	0.84	0.89	0.67	0.8	0.8	0.82	0.68	0.76	0.85	0.89	0.74	0.7	0.7	0.51	0.77	0.89	0.84	0.78	0.89	0.42	-0.25
Total Current Liabilities	0.82	0.95	0.83		0.79	0.83	0.8	0.83	0.73	0.97	0.87	0.79	0.5	0.97	0.81	0.89	0.88	0.91	0.76	0.93	0.8	0.97	0.79	0.8	0.25	-0.56
Total Stockholder Equity	0.96	0.83	0.91	0.79		0.79	0.89	0.55	0.82	0.81	0.74	0.66	0.64	0.87	0.91	0.65	0.61	0.69	0.55	0.69	0.89	0.85	0.68	0.89	0.67	-0.11
Other Liab	0.86	0.94	0.84	0.83	0.79		0.86	0.89	0.79	0.77	0.98	0.64	0.71	0.85	0.82	0.91	0.9	0.83	0.5	0.91	0.86	0.88	0.98	0.86	0.11	-0.49
Property Plant And Equipment Net	0.89	0.89	0.89	0.8	0.89	0.86		0.75	0.95	0.8	0.86	0.66	0.77	0.86	0.96	0.82	0.8	0.79	0.55	0.83	1.0	0.87	0.81	1.0	0.32	-0.42
Net Debt	0.66	0.91	0.67	0.83	0.55	0.89	0.75		0.69	0.75	0.95	0.62	0.54	0.82	0.71	0.98	0.97	0.92	0.66	0.97	0.75	0.86	0.93	0.75	-0.21	-0.79
Accounts Payable	0.81	0.84	0.8	0.73	0.82	0.79	0.95	0.69		0.78	0.82	0.71	0.77	0.8	0.97	0.78	0.78	0.71	0.45	0.78	0.95	0.82	0.76	0.95	0.29	-0.44
Cash	0.79	0.92	0.8	0.97	0.81	0.77	0.8	0.75	0.78		0.82	0.89	0.52	0.96	0.86	0.85	0.84	0.85	0.71	0.89	0.8	0.96	0.71	0.8	0.35	-0.54
Non Current Assets Total	0.82	0.97	0.82	0.87	0.74	0.98	0.86	0.95	0.82	0.82		0.68	0.72	0.88	0.84	0.97	0.96	0.88	0.56	0.96	0.86	0.91	0.98	0.86	0.03	-0.6
Non Currrent Assets Other	0.61	0.77	0.68	0.79	0.66	0.64	0.66	0.62	0.71	0.89	0.68		0.48	0.8	0.78	0.73	0.71	0.62	0.45	0.75	0.66	0.8	0.61	0.66	0.25	-0.57
Other Assets	0.62	0.63	0.76	0.5	0.64	0.71	0.77	0.54	0.77	0.52	0.72	0.48		0.52	0.76	0.6	0.63	0.41	0.05	0.59	0.77	0.56	0.72	0.77	0.14	-0.15
Cash And Short Term Investments	0.89	0.97	0.85	0.97	0.87	0.85	0.86	0.82	0.8	0.96	0.88	0.8	0.52		0.88	0.89	0.86	0.93	0.8	0.92	0.86	1.0	0.79	0.86	0.37	-0.52
Net Receivables	0.89	0.89	0.89	0.81	0.91	0.82	0.96	0.71	0.97	0.86	0.84	0.78	0.76	0.88		0.8	0.78	0.75	0.53	0.82	0.96	0.89	0.78	0.96	0.4	-0.4
Non Current Liabilities Total	0.74	0.96	0.74	0.89	0.65	0.91	0.82	0.98	0.78	0.85	0.97	0.73	0.6	0.89	0.8		0.99	0.94	0.68	1.0	0.82	0.93	0.92	0.82	-0.06	-0.76
Inventory	0.69	0.94	0.7	0.88	0.61	0.9	0.8	0.97	0.78	0.84	0.96	0.71	0.63	0.86	0.78	0.99		0.91	0.61	0.98	0.8	0.89	0.92	0.8	-0.12	-0.75
Other Current Assets	0.77	0.94	0.7	0.91	0.69	0.83	0.79	0.92	0.71	0.85	0.88	0.62	0.41	0.93	0.75	0.94	0.91		0.88	0.95	0.79	0.94	0.8	0.79	0.09	-0.68
Other Stockholder Equity	0.62	0.71	0.51	0.76	0.55	0.5	0.55	0.66	0.45	0.71	0.56	0.45	0.05	0.8	0.53	0.68	0.61	0.88		0.71	0.55	0.78	0.45	0.55	0.23	-0.53
Total Liab	0.77	0.98	0.77	0.93	0.69	0.91	0.83	0.97	0.78	0.89	0.96	0.75	0.59	0.92	0.82	1.0	0.98	0.95	0.71		0.83	0.95	0.91	0.83	0.0	-0.73
Property Plant And Equipment Gross	0.89	0.89	0.89	0.8	0.89	0.86	1.0	0.75	0.95	0.8	0.86	0.66	0.77	0.86	0.96	0.82	0.8	0.79	0.55	0.83		0.87	0.81	1.0	0.32	-0.42
Total Current Assets	0.88	0.99	0.84	0.97	0.85	0.88	0.87	0.86	0.82	0.96	0.91	0.8	0.56	1.0	0.89	0.93	0.89	0.94	0.78	0.95	0.87		0.83	0.87	0.3	-0.56
Intangible Assets	0.77	0.91	0.78	0.79	0.68	0.98	0.81	0.93	0.76	0.71	0.98	0.61	0.72	0.79	0.78	0.92	0.92	0.8	0.45	0.91	0.81	0.83		0.81	-0.06	-0.57
Property Plant Equipment	0.89	0.89	0.89	0.8	0.89	0.86	1.0	0.75	0.95	0.8	0.86	0.66	0.77	0.86	0.96	0.82	0.8	0.79	0.55	0.83	1.0	0.87	0.81		0.32	-0.42
Net Tangible Assets	0.53	0.2	0.42	0.25	0.67	0.11	0.32	-0.21	0.29	0.35	0.03	0.25	0.14	0.37	0.4	-0.06	-0.12	0.09	0.23	0.0	0.32	0.3	-0.06	0.32		0.51
Retained Earnings	-0.2	-0.59	-0.25	-0.56	-0.11	-0.49	-0.42	-0.79	-0.44	-0.54	-0.6	-0.57	-0.15	-0.52	-0.4	-0.76	-0.75	-0.68	-0.53	-0.73	-0.42	-0.56	-0.57	-0.42	0.51

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Lumentum Holdings Account Relationship Matchups

Lumentum Holdings fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	77.6M	78.4M	74.2M	68.3M	78.5M	72.1M
Total Assets	3.3B	3.6B	4.2B	4.6B	5.3B	5.6B
Other Current Liab	119.5M	144.6M	138.7M	136.3M	156.7M	97.2M
Total Current Liabilities	283M	664.6M	716.5M	633.8M	728.9M	765.3M
Total Stockholder Equity	1.7B	2.0B	1.9B	1.4B	1.6B	1.2B
Other Liab	82.5M	76.8M	55.8M	94.8M	109.0M	114.5M
Property Plant And Equipment Net	471.7M	428.5M	434.1M	566.8M	651.8M	348.1M
Net Debt	890.7M	465.6M	645.8M	2.0B	2.3B	2.4B
Accounts Payable	150.8M	116.9M	156.7M	169.4M	194.8M	133.3M
Cash	298M	774.3M	1.3B	859M	987.9M	1.0B
Non Current Assets Total	1.2B	1.1B	1.0B	1.9B	2.1B	2.2B
Non Currrent Assets Other	4M	3.3M	37.3M	16.8M	19.3M	20.3M
Other Assets	85.2M	76.2M	64.3M	133.1M	153.1M	81.2M
Cash And Short Term Investments	1.6B	1.9B	2.5B	2.0B	2.3B	2.4B
Net Receivables	233.5M	212.8M	262M	246.1M	283.0M	213.5M
Liabilities And Stockholders Equity	3.3B	3.6B	4.2B	4.6B	5.3B	5.6B
Non Current Liabilities Total	1.3B	914.2M	1.6B	2.6B	3.0B	3.2B
Inventory	188.9M	196.4M	250.1M	408.6M	469.9M	493.4M
Other Current Assets	73.8M	81.6M	78.1M	109.6M	126.0M	132.3M
Other Stockholder Equity	1.7B	1.7B	2.0B	1.7B	1.9B	2.0B
Total Liab	1.5B	1.6B	2.3B	3.3B	3.8B	4.0B
Property Plant And Equipment Gross	471.7M	428.5M	434.1M	566.8M	651.8M	348.1M
Total Current Assets	2.1B	2.4B	3.1B	2.8B	3.2B	3.4B
Accumulated Other Comprehensive Income	7.9M	8.2M	400K	4.1M	3.7M	3.5M
Intangible Assets	316.8M	241.2M	155.7M	459.2M	528.1M	554.5M
Property Plant Equipment	471.7M	428.5M	434.1M	566.8M	651.8M	348.1M
Net Tangible Assets	1.1B	1.4B	1.4B	201.5M	231.7M	220.1M
Retained Earnings	64.6M	220.9M	(129.1M)	(340.6M)	(306.5M)	(291.2M)
Long Term Debt	1.1B	789.8M	1.5B	2.5B	2.9B	3.0B
Current Deferred Revenue	2.9M	1.9M	600K	2.1M	1.9M	1.8M
Retained Earnings Total Equity	129.1M	64.6M	(129.1M)	(340.6M)	(306.5M)	(291.2M)
Short Term Investments	1.3B	1.2B	1.3B	1.2B	1.3B	705.6M
Deferred Long Term Liab	55.9M	46.5M	12.9M	3.4M	3.9M	3.7M
Non Current Liabilities Other	19.6M	40.9M	42.9M	91.4M	105.1M	110.4M
Capital Surpluse	1.4B	1.7B	2.0B	1.7B	1.9B	1.4B
Short Long Term Debt Total	1.2B	1.2B	1.9B	2.9B	3.3B	3.5B
Long Term Debt Total	835.9M	1.1B	1.5B	2.5B	2.9B	3.0B

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

How To Invest In Lumentum

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Is Lumentum Stock a good investment?

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What is Lumentum Holdings' Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lumentum Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

For information on how to trade Lumentum Stock refer to our How to Trade Lumentum Stock guide.

You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Lumentum Holdings' price analysis, check to measure Lumentum Holdings' 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 Lumentum Holdings is operating at the current time. Most of Lumentum Holdings' value examination focuses on studying past and present price action to predict the probability of Lumentum Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lumentum Holdings' price. Additionally, you may evaluate how the addition of Lumentum Holdings to your portfolios can decrease your overall portfolio volatility.

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Is Lumentum Holdings' 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 Lumentum Holdings. If investors know Lumentum 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 Lumentum Holdings 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

0.711

Earnings Share

(5.26)

Revenue Per Share

21.093

Quarterly Revenue Growth

(0.04)

Return On Assets

(0.03)

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

Net Invested Capital vs Retained Earnings

Net Invested Capital vs Retained Earnings Correlation Analysis

Correlation Coefficient

Net Invested Capital

Retained Earnings

Lumentum Holdings fundamental ratios Correlations

Lumentum Holdings Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Lumentum Holdings fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Property Plant Equipment	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 1.0	Cash And Short Term Investments
Total Liab	+ 1.0	Non Current Liabilities Total
Property Plant Equipment	+ 1.0	Property Plant And Equipment Gross
Total Current Assets	+ 0.99	Total Assets

Retained Earnings	- 0.79	Net Debt
Retained Earnings	- 0.76	Non Current Liabilities Total
Retained Earnings	- 0.75	Inventory
Retained Earnings	- 0.73	Total Liab
Retained Earnings	- 0.68	Other Current Assets
Retained Earnings	- 0.6	Non Current Assets Total