Nokia Asset Turnover vs Current Ratio Analysis

NOK Stock

USD 3.33 0.03 0.91%

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 Current Ratio 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 Current Ratio

Asset Turnover vs Current Ratio 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 Current Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Nokia Corp's Asset Turnover and Current Ratio is -0.25. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Current Ratio 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 Current Ratio 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 Current Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Ratio has no effect on the direction of Asset Turnover i.e., Nokia Corp's Asset Turnover and Current Ratio go up and down completely randomly.

Correlation Coefficient

-0.25

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities.

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

Gross Profit Total Revenue

Nokia Corp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Short Term Investments	Common Stock Total Equity	Common Stock
Total Assets		0.6	0.46	0.7	0.91	0.77	0.01	-0.28	0.72	0.44	0.84	0.7	0.51	0.94	0.41	0.81	0.74	-0.44	0.95	0.42	0.75	-0.14	0.66	0.08	-0.18	-0.17
Short Long Term Debt Total	0.6		0.67	0.75	0.33	0.49	0.32	-0.31	0.39	0.45	0.31	0.32	0.51	0.47	-0.05	0.36	0.21	-0.15	0.73	0.14	0.67	0.44	0.06	0.12	0.03	0.04
Other Current Liab	0.46	0.67		0.48	0.29	0.2	-0.38	-0.39	0.11	0.86	0.3	0.3	0.39	0.27	0.05	0.38	0.06	-0.34	0.57	0.0	0.4	0.25	0.2	-0.45	0.06	0.06
Total Current Liabilities	0.7	0.75	0.48		0.4	0.35	0.24	0.02	0.78	0.33	0.41	0.21	0.67	0.67	0.02	0.39	0.35	-0.41	0.82	0.13	0.91	0.35	0.37	0.34	-0.06	-0.06
Total Stockholder Equity	0.91	0.33	0.29	0.4		0.79	-0.06	-0.26	0.57	0.31	0.87	0.8	0.37	0.87	0.54	0.78	0.77	-0.33	0.74	0.51	0.53	-0.34	0.6	0.05	-0.26	-0.25
Property Plant And Equipment Net	0.77	0.49	0.2	0.35	0.79		0.33	-0.58	0.58	0.05	0.81	0.87	0.07	0.8	0.6	0.74	0.84	0.09	0.67	0.61	0.35	-0.3	0.38	-0.02	-0.24	-0.24
Net Debt	0.01	0.32	-0.38	0.24	-0.06	0.33		-0.06	0.29	-0.7	-0.01	0.07	-0.19	0.08	0.0	-0.12	0.26	0.55	0.04	0.19	0.08	0.37	-0.24	0.53	-0.04	-0.04
Retained Earnings	-0.28	-0.31	-0.39	0.02	-0.26	-0.58	-0.06		0.0	-0.17	-0.47	-0.69	0.37	-0.25	-0.57	-0.54	-0.47	-0.27	-0.32	-0.28	0.18	0.05	-0.26	0.61	0.04	0.04
Accounts Payable	0.72	0.39	0.11	0.78	0.57	0.58	0.29	0.0		0.01	0.56	0.39	0.43	0.84	0.26	0.45	0.71	-0.24	0.71	0.29	0.73	-0.17	0.46	0.4	-0.12	-0.12
Cash	0.44	0.45	0.86	0.33	0.31	0.05	-0.7	-0.17	0.01		0.22	0.16	0.55	0.27	-0.07	0.37	-0.08	-0.63	0.51	-0.1	0.42	-0.02	0.27	-0.41	0.1	0.1
Non Current Assets Total	0.84	0.31	0.3	0.41	0.87	0.81	-0.01	-0.47	0.56	0.22		0.9	0.2	0.83	0.83	0.95	0.79	-0.21	0.72	0.75	0.45	-0.26	0.63	-0.2	-0.54	-0.54
Non Currrent Assets Other	0.7	0.32	0.3	0.21	0.8	0.87	0.07	-0.69	0.39	0.16	0.9		0.06	0.7	0.83	0.85	0.74	0.02	0.57	0.7	0.25	-0.28	0.43	-0.25	-0.44	-0.44
Cash And Short Term Investments	0.51	0.51	0.39	0.67	0.37	0.07	-0.19	0.37	0.43	0.55	0.2	0.06		0.49	-0.15	0.25	-0.08	-0.71	0.53	0.03	0.88	0.03	0.12	0.47	-0.1	-0.1
Net Receivables	0.94	0.47	0.27	0.67	0.87	0.8	0.08	-0.25	0.84	0.27	0.83	0.7	0.49		0.49	0.79	0.8	-0.4	0.87	0.46	0.74	-0.3	0.65	0.18	-0.22	-0.21
Common Stock Shares Outstanding	0.41	-0.05	0.05	0.02	0.54	0.6	0.0	-0.57	0.26	-0.07	0.83	0.83	-0.15	0.49		0.79	0.59	0.08	0.28	0.76	0.04	-0.29	0.47	-0.37	-0.65	-0.66
Non Current Liabilities Total	0.81	0.36	0.38	0.39	0.78	0.74	-0.12	-0.54	0.45	0.37	0.95	0.85	0.25	0.79	0.79		0.65	-0.32	0.75	0.71	0.45	-0.26	0.62	-0.31	-0.53	-0.53
Inventory	0.74	0.21	0.06	0.35	0.77	0.84	0.26	-0.47	0.71	-0.08	0.79	0.74	-0.08	0.8	0.59	0.65		0.03	0.63	0.44	0.28	-0.31	0.61	-0.03	-0.11	-0.11
Other Stockholder Equity	-0.44	-0.15	-0.34	-0.41	-0.33	0.09	0.55	-0.27	-0.24	-0.63	-0.21	0.02	-0.71	-0.4	0.08	-0.32	0.03		-0.48	0.17	-0.59	0.2	-0.43	-0.11	-0.07	-0.07
Total Liab	0.95	0.73	0.57	0.82	0.74	0.67	0.04	-0.32	0.71	0.51	0.72	0.57	0.53	0.87	0.28	0.75	0.63	-0.48		0.3	0.79	0.05	0.62	0.04	-0.08	-0.08
Property Plant And Equipment Gross	0.42	0.14	0.0	0.13	0.51	0.61	0.19	-0.28	0.29	-0.1	0.75	0.7	0.03	0.46	0.76	0.71	0.44	0.17	0.3		0.2	-0.15	0.08	-0.13	-0.91	-0.9
Total Current Assets	0.75	0.67	0.4	0.91	0.53	0.35	0.08	0.18	0.73	0.42	0.45	0.25	0.88	0.74	0.04	0.45	0.28	-0.59	0.79	0.2		0.13	0.35	0.47	-0.15	-0.15
Short Term Debt	-0.14	0.44	0.25	0.35	-0.34	-0.3	0.37	0.05	-0.17	-0.02	-0.26	-0.28	0.03	-0.3	-0.29	-0.26	-0.31	0.2	0.05	-0.15	0.13		-0.22	0.07	0.03	0.03
Intangible Assets	0.66	0.06	0.2	0.37	0.6	0.38	-0.24	-0.26	0.46	0.27	0.63	0.43	0.12	0.65	0.47	0.62	0.61	-0.43	0.62	0.08	0.35	-0.22		-0.17	0.05	0.05
Short Term Investments	0.08	0.12	-0.45	0.34	0.05	-0.02	0.53	0.61	0.4	-0.41	-0.2	-0.25	0.47	0.18	-0.37	-0.31	-0.03	-0.11	0.04	-0.13	0.47	0.07	-0.17		0.13	0.13
Common Stock Total Equity	-0.18	0.03	0.06	-0.06	-0.26	-0.24	-0.04	0.04	-0.12	0.1	-0.54	-0.44	-0.1	-0.22	-0.65	-0.53	-0.11	-0.07	-0.08	-0.91	-0.15	0.03	0.05	0.13		1.0
Common Stock	-0.17	0.04	0.06	-0.06	-0.25	-0.24	-0.04	0.04	-0.12	0.1	-0.54	-0.44	-0.1	-0.21	-0.66	-0.53	-0.11	-0.07	-0.08	-0.9	-0.15	0.03	0.05	0.13	1.0

Click cells to compare fundamentals

Nokia Corp Account Relationship Matchups

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	8.0B
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

Nokia Corp Investors Sentiment

The influence of Nokia Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Nokia. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Nokia Corp's public news can be used to forecast risks associated with an investment in Nokia. The trend in average sentiment can be used to explain how an investor holding Nokia can time the market purely based on public headlines and social activities around Nokia Corp ADR. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Nokia Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Nokia Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Nokia Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Nokia Corp.

Nokia Corp Implied Volatility

206.25

Nokia Corp's implied volatility exposes the market's sentiment of Nokia Corp ADR stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Nokia Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Nokia Corp stock will not fluctuate a lot when Nokia Corp's options are near their expiration.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Nokia Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Nokia Corp's short interest history, or implied volatility extrapolated from Nokia Corp options trading.

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When determining whether Nokia Corp ADR is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Nokia Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Nokia Corp Adr Stock. Highlighted below are key reports to facilitate an investment decision about Nokia Corp Adr Stock:

How To Invest In Nokia

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Is Nokia Stock a good investment?

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What is Nokia Corp's Net Worth?

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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.

You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.

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

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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.

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Nokia Asset Turnover vs Current Ratio Analysis

Asset Turnover vs Current Ratio

Asset Turnover vs Current Ratio Correlation Analysis

Correlation Coefficient

Asset Turnover

Current Ratio

Nokia Corp fundamental ratios Correlations

Nokia Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nokia Corp fundamental ratios Accounts

Nokia Corp Investors Sentiment

Nokia Corp Implied Volatility

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Nokia Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Total Equity
Total Liab	+ 0.95	Total Assets
Non Current Liabilities Total	+ 0.95	Non Current Assets Total
Net Receivables	+ 0.94	Total Assets
Total Stockholder Equity	+ 0.91	Total Assets
Total Current Assets	+ 0.91	Total Current Liabilities

Common Stock Total Equity	- 0.91	Property Plant And Equipment Gross
Common Stock	- 0.9	Property Plant And Equipment Gross
Other Stockholder Equity	- 0.71	Cash And Short Term Investments
Cash	- 0.7	Net Debt
Non Currrent Assets Other	- 0.69	Retained Earnings
Common Stock	- 0.66	Common Stock Shares Outstanding