Nokia Asset Turnover vs Book Value per Share Analysis
NOK Stock | USD 3.45 0.12 3.60% |
Nokia Corp financial indicator trend analysis is infinitely more than just investigating Nokia Corp ADR recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nokia Corp ADR is a good investment. Please check the relationship between Nokia Corp Asset Turnover and its Book Value Per Share accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nokia Corp ADR. 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.
Asset Turnover vs Book Value Per Share
Asset Turnover vs Book Value per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nokia Corp ADR Asset Turnover account and Book Value per Share. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Nokia Corp's Asset Turnover and Book Value per Share is -0.43. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Book Value per Share in the same time period over historical financial statements of Nokia Corp ADR, assuming nothing else is changed. The correlation between historical values of Nokia Corp's Asset Turnover and Book Value per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Nokia Corp ADR are associated (or correlated) with its Book Value per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value per Share has no effect on the direction of Asset Turnover i.e., Nokia Corp's Asset Turnover and Book Value per Share go up and down completely randomly.
Correlation Coefficient | -0.43 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Most indicators from Nokia Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nokia Corp ADR 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 Nokia Corp ADR. 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, Nokia Corp's Sales General And Administrative To Revenue is quite stable compared to the past year. Enterprise Value Over EBITDA is expected to rise to 5.25 this year, although the value of Tax Provision is projected to rise to (1.9 B).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 8.8B | 10.2B | 8.8B | 10.3B | Total Revenue | 22.2B | 24.9B | 22.3B | 28.7B |
Nokia Corp fundamental ratios Correlations
Click cells to compare fundamentals
Nokia Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nokia Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 39.1B | 36.3B | 40.0B | 42.9B | 44.7B | 30.9B | |
Short Long Term Debt Total | 5.3B | 6.5B | 5.7B | 5.5B | 5.2B | 3.4B | |
Other Current Liab | 4.8B | 5.4B | 5.8B | 5.7B | 4.6B | 3.4B | |
Total Current Liabilities | 12.1B | 11.8B | 12.1B | 12.8B | 10.9B | 11.9B | |
Total Stockholder Equity | 15.3B | 12.6B | 17.4B | 21.3B | 20.5B | 13.4B | |
Property Plant And Equipment Net | 2.8B | 2.6B | 2.8B | 2.9B | 2.9B | 2.0B | |
Net Debt | (603M) | (454M) | (1.0B) | 52M | (1.0B) | (1.1B) | |
Retained Earnings | (1.6B) | (4.1B) | (2.5B) | 1.4B | 1.4B | 1.3B | |
Accounts Payable | 3.8B | 3.2B | 3.7B | 4.7B | 3.4B | 3.9B | |
Cash | 5.9B | 6.9B | 6.7B | 5.5B | 6.2B | 4.1B | |
Non Current Assets Total | 22.3B | 18.0B | 20.5B | 22.7B | 26.6B | 27.9B | |
Non Currrent Assets Other | 5.1B | 5.3B | 8.0B | 7.0B | 6.5B | 6.8B | |
Cash And Short Term Investments | 6.2B | 8.3B | 9.6B | 9.2B | 7.8B | 8.7B | |
Net Receivables | 6.8B | 6.9B | 6.7B | 7.8B | 6.9B | 6.5B | |
Common Stock Shares Outstanding | 5.6B | 5.6B | 5.7B | 5.7B | 5.6B | 7.4B | |
Liabilities And Stockholders Equity | 39.1B | 36.3B | 40.0B | 42.9B | 44.7B | 30.9B | |
Non Current Liabilities Total | 11.7B | 11.9B | 10.5B | 8.7B | 13.1B | 13.8B | |
Inventory | 2.9B | 2.2B | 2.4B | 3.3B | 2.7B | 2.2B | |
Other Stockholder Equity | 75M | 91M | 102M | 151M | 276M | 154.6M | |
Total Liab | 23.7B | 23.6B | 22.6B | 21.5B | 24.0B | 16.9B | |
Property Plant And Equipment Gross | 2.8B | 2.6B | 2.8B | 2.9B | 6.9B | 7.2B | |
Total Current Assets | 16.8B | 18.3B | 19.6B | 20.3B | 18.1B | 19.3B | |
Short Term Debt | 551M | 750M | 301M | 412M | 752M | 667.5M | |
Intangible Assets | 2.4B | 2.0B | 1.6B | 1.3B | 1.1B | 1.6B | |
Short Term Investments | 261M | 1.3B | 2.9B | 3.7B | 1.6B | 1.5B | |
Accumulated Other Comprehensive Income | 16.6B | 16.3B | 19.5B | 19.6B | 18.6B | 19.5B | |
Other Liab | 6.9B | 6.1B | 5.1B | 3.6B | 4.2B | 2.8B | |
Other Assets | 10.2B | 7.1B | 9.3B | 10.8B | 11.4B | 12.0B | |
Long Term Debt | 4.0B | 5.0B | 4.5B | 4.2B | 3.6B | 3.1B | |
Good Will | 5.5B | 5.1B | 5.4B | 5.7B | 5.5B | 3.7B | |
Other Current Assets | 875M | 850M | 859M | 10.4B | 628M | 596.6M | |
Property Plant Equipment | 2.8B | 2.6B | 2.8B | 2.9B | 3.4B | 2.4B | |
Long Term Investments | 1.4B | 1.3B | 1.3B | 2.0B | 1.9B | 1.5B | |
Short Long Term Debt | 292M | 561M | 116M | 228M | 554M | 742.3M | |
Net Tangible Assets | 7.4B | 5.4B | 10.3B | 14.4B | 16.6B | 9.4B |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nokia Corp ADR. 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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Is Nokia Corp'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 Nokia Corp. If investors know Nokia 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 Nokia Corp 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 (0.72) | Dividend Share 0.13 | Revenue Per Share 4.011 | Quarterly Revenue Growth (0.23) | Return On Assets 0.0307 |
The market value of Nokia Corp ADR is measured differently than its book value, which is the value of Nokia that is recorded on the company's balance sheet. Investors also form their own opinion of Nokia Corp's value that differs from its market value or its book value, called intrinsic value, which is Nokia Corp'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 Nokia Corp's market value can be influenced by many factors that don't directly affect Nokia Corp'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 Nokia Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nokia Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nokia Corp'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.