Coda Earnings before Tax vs Average Assets Analysis

CODA Stock

USD 6.12 0.04 0.65%

Trend analysis of Coda Octopus Group balance sheet accounts such as Short Long Term Debt Total of 54.3 K, Other Current Liabilities of 1.3 M or Total Current Liabilities of 2.8 M provides information on Coda Octopus' total assets, liabilities, and equity, which is the actual value of Coda Octopus Group to its prevalent stockholders. By breaking down trends over time using Coda Octopus balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Total Assets Non Current Assets Total

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Coda Octopus Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

About Coda Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Coda Octopus Group at a specified time, usually calculated after every quarter, six months, or one year. Coda Octopus Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Coda Octopus and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Coda currently owns. An asset can also be divided into two categories, current and non-current.

Coda Octopus Balance Sheet Chart

Coda Octopus Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Coda Octopus Group uses and utilizes its capital. It also shows what exactly a company owns and owes.

At present, Coda Octopus' Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Other Current Liabilities is expected to grow to about 1.3 M, whereas Short and Long Term Debt Total is forecasted to decline to about 54.3 K.

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities

Add Fundamental

Total Assets

Total assets refers to the total amount of Coda Octopus assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Coda Octopus Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Coda Octopus balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Coda Octopus Group are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

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

At present, Coda Octopus' Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 11.33, whereas Selling General Administrative is forecasted to decline to about 6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	15.2M	13.0M	15.0M	11.1M
Total Revenue	22.2M	19.4M	22.3M	18.4M

Gross Profit Total Revenue

Coda Octopus fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		-0.72	-0.23	-0.48	0.97	0.92	-0.11	-0.92	0.72	-0.01	0.99	0.75	0.99	0.28	0.47	-0.55	0.77	-0.48	0.98	-0.16	0.72	-0.7	0.98	0.99	-0.54	-0.55
Short Long Term Debt Total	-0.72		0.3	0.41	-0.86	-0.77	0.05	0.91	-0.92	0.36	-0.69	-0.58	-0.69	-0.41	0.08	0.8	-0.62	0.87	-0.71	0.05	-0.35	0.98	-0.76	-0.71	0.41	0.8
Other Current Liab	-0.23	0.3		0.93	-0.33	-0.38	0.19	0.29	-0.43	0.6	-0.2	-0.31	-0.2	-0.51	0.13	0.29	-0.33	-0.15	-0.17	0.46	-0.06	0.46	-0.23	-0.21	0.88	0.29
Total Current Liabilities	-0.48	0.41	0.93		-0.54	-0.56	0.25	0.49	-0.55	0.59	-0.46	-0.45	-0.46	-0.48	-0.04	0.32	-0.48	-0.08	-0.41	0.54	-0.25	0.56	-0.46	-0.47	0.97	0.32
Total Stockholder Equity	0.97	-0.86	-0.33	-0.54		0.94	-0.14	-0.97	0.84	-0.18	0.95	0.76	0.95	0.36	0.32	-0.68	0.78	-0.62	0.95	-0.17	0.65	-0.85	0.97	0.96	-0.57	-0.67
Property Plant And Equipment Net	0.92	-0.77	-0.38	-0.56	0.94		-0.31	-0.88	0.71	-0.17	0.86	0.86	0.86	0.41	0.45	-0.75	0.83	-0.54	0.87	-0.16	0.72	-0.8	0.93	0.88	-0.55	-0.75
Current Deferred Revenue	-0.11	0.05	0.19	0.25	-0.14	-0.31		0.07	-0.08	0.43	-0.08	-0.32	-0.08	-0.1	-0.15	0.26	-0.2	0.03	-0.05	0.21	-0.15	0.19	-0.14	-0.05	0.04	0.26
Net Debt	-0.92	0.91	0.29	0.49	-0.97	-0.88	0.07		-0.89	0.22	-0.91	-0.72	-0.91	-0.31	-0.21	0.69	-0.77	0.7	-0.91	0.12	-0.59	0.89	-0.93	-0.92	0.53	0.69
Retained Earnings	0.72	-0.92	-0.43	-0.55	0.84	0.71	-0.08	-0.89		-0.53	0.73	0.44	0.73	0.32	-0.23	-0.72	0.49	-0.71	0.74	-0.24	0.21	-0.94	0.77	0.74	-0.54	-0.72
Accounts Payable	-0.01	0.36	0.6	0.59	-0.18	-0.17	0.43	0.22	-0.53		-0.05	-0.02	-0.05	-0.17	0.56	0.44	-0.01	0.16	0.01	0.45	0.31	0.5	-0.11	-0.02	0.44	0.44
Cash	0.99	-0.69	-0.2	-0.46	0.95	0.86	-0.08	-0.91	0.73	-0.05		0.67	1.0	0.17	0.42	-0.49	0.71	-0.46	0.98	-0.22	0.66	-0.67	0.96	0.99	-0.53	-0.49
Non Current Assets Total	0.75	-0.58	-0.31	-0.45	0.76	0.86	-0.32	-0.72	0.44	-0.02	0.67		0.67	0.44	0.67	-0.59	0.97	-0.38	0.67	-0.01	0.91	-0.6	0.74	0.69	-0.46	-0.59
Cash And Short Term Investments	0.99	-0.69	-0.2	-0.46	0.95	0.86	-0.08	-0.91	0.73	-0.05	1.0	0.67		0.17	0.42	-0.49	0.71	-0.46	0.98	-0.22	0.66	-0.67	0.96	0.99	-0.53	-0.49
Net Receivables	0.28	-0.41	-0.51	-0.48	0.36	0.41	-0.1	-0.31	0.32	-0.17	0.17	0.44	0.17		0.09	-0.29	0.41	-0.19	0.16	-0.03	0.28	-0.46	0.31	0.24	-0.47	-0.29
Good Will	0.47	0.08	0.13	-0.04	0.32	0.45	-0.15	-0.21	-0.23	0.56	0.42	0.67	0.42	0.09		0.03	0.64	0.15	0.4	0.13	0.88	0.1	0.39	0.42	-0.11	0.03
Common Stock Total Equity	-0.55	0.8	0.29	0.32	-0.68	-0.75	0.26	0.69	-0.72	0.44	-0.49	-0.59	-0.49	-0.29	0.03		-0.53	0.73	-0.52	0.05	-0.3	0.81	-0.65	-0.51	0.25	1.0
Common Stock Shares Outstanding	0.77	-0.62	-0.33	-0.48	0.78	0.83	-0.2	-0.77	0.49	-0.01	0.71	0.97	0.71	0.41	0.64	-0.53		-0.38	0.71	0.02	0.92	-0.62	0.75	0.72	-0.52	-0.53
Non Current Liabilities Total	-0.48	0.87	-0.15	-0.08	-0.62	-0.54	0.03	0.7	-0.71	0.16	-0.46	-0.38	-0.46	-0.19	0.15	0.73	-0.38		-0.51	-0.22	-0.2	0.78	-0.56	-0.48	-0.1	0.73
Inventory	0.98	-0.71	-0.17	-0.41	0.95	0.87	-0.05	-0.91	0.74	0.01	0.98	0.67	0.98	0.16	0.4	-0.52	0.71	-0.51		-0.09	0.66	-0.68	0.96	0.99	-0.47	-0.52
Other Current Assets	-0.16	0.05	0.46	0.54	-0.17	-0.16	0.21	0.12	-0.24	0.45	-0.22	-0.01	-0.22	-0.03	0.13	0.05	0.02	-0.22	-0.09		0.08	0.16	-0.12	-0.17	0.5	0.05
Other Stockholder Equity	0.72	-0.35	-0.06	-0.25	0.65	0.72	-0.15	-0.59	0.21	0.31	0.66	0.91	0.66	0.28	0.88	-0.3	0.92	-0.2	0.66	0.08		-0.33	0.66	0.67	-0.32	-0.3
Total Liab	-0.7	0.98	0.46	0.56	-0.85	-0.8	0.19	0.89	-0.94	0.5	-0.67	-0.6	-0.67	-0.46	0.1	0.81	-0.62	0.78	-0.68	0.16	-0.33		-0.75	-0.69	0.52	0.81
Property Plant And Equipment Gross	0.98	-0.76	-0.23	-0.46	0.97	0.93	-0.14	-0.93	0.77	-0.11	0.96	0.74	0.96	0.31	0.39	-0.65	0.75	-0.56	0.96	-0.12	0.66	-0.75		0.97	-0.49	-0.65
Total Current Assets	0.99	-0.71	-0.21	-0.47	0.96	0.88	-0.05	-0.92	0.74	-0.02	0.99	0.69	0.99	0.24	0.42	-0.51	0.72	-0.48	0.99	-0.17	0.67	-0.69	0.97		-0.53	-0.51
Short Term Debt	-0.54	0.41	0.88	0.97	-0.57	-0.55	0.04	0.53	-0.54	0.44	-0.53	-0.46	-0.53	-0.47	-0.11	0.25	-0.52	-0.1	-0.47	0.5	-0.32	0.52	-0.49	-0.53		0.25
Common Stock	-0.55	0.8	0.29	0.32	-0.67	-0.75	0.26	0.69	-0.72	0.44	-0.49	-0.59	-0.49	-0.29	0.03	1.0	-0.53	0.73	-0.52	0.05	-0.3	0.81	-0.65	-0.51	0.25

Click cells to compare fundamentals

Coda Octopus Account Relationship Matchups

Coda Octopus fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	38.0M	45.5M	46.9M	51.8M	59.6M	62.6M
Short Long Term Debt Total	2.0M	1.1M	573.1K	63.6K	57.2K	54.3K
Other Current Liab	584.2K	740.4K	1.7M	995.6K	896.1K	1.3M
Total Current Liabilities	3.4M	4.3M	3.5M	3.3M	3.0M	2.8M
Total Stockholder Equity	34.4M	41.0M	43.4M	48.4M	55.7M	58.5M
Property Plant And Equipment Net	6.1M	6.0M	5.8M	6.9M	7.9M	8.3M
Current Deferred Revenue	1.0M	2.0M	943.6K	975.5K	878.0K	939.2K
Net Debt	(14.6M)	(17.7M)	(22.9M)	(24.4M)	(22.0M)	(20.9M)
Retained Earnings	(23.4M)	(18.5M)	(14.2M)	(11.1M)	(12.7M)	(13.3M)
Accounts Payable	1.3M	1.5M	793.2K	1.3M	1.2M	1.3M
Cash	15.1M	17.7M	22.9M	24.4M	28.1M	29.5M
Non Current Assets Total	10.4M	9.9M	9.9M	11.0M	12.6M	7.2M
Cash And Short Term Investments	15.1M	17.7M	22.9M	24.4M	28.1M	29.5M
Net Receivables	3.0M	5.9M	3.8M	4.5M	5.2M	4.4M
Common Stock Total Equity	10.7K	10.8K	10.9K	10.9K	9.8K	9.3K
Common Stock Shares Outstanding	11.3M	11.3M	11.3M	11.3M	13.0M	7.4M
Liabilities And Stockholders Equity	38.0M	45.5M	46.9M	51.8M	59.6M	62.6M
Non Current Liabilities Total	258.4K	157.9K	76.1K	133.4K	120.0K	114.0K
Inventory	9.1M	10.7M	10.0M	11.7M	13.4M	14.1M
Other Current Assets	402.2K	1.3M	259.1K	23.1K	26.5K	25.2K
Other Stockholder Equity	60.1M	61.2M	62.3M	62.9M	72.3M	52.1M
Total Liab	3.6M	4.4M	3.5M	3.4M	3.1M	2.9M
Property Plant And Equipment Gross	6.1M	10.7M	10.5M	11.7M	13.4M	14.1M
Total Current Assets	27.7M	35.6M	37.0M	40.9M	47.0M	49.4M
Accumulated Other Comprehensive Income	(2.3M)	(1.7M)	(4.7M)	(3.4M)	(3.1M)	(2.9M)
Short Term Debt	964.7K	487.1K	509.8K	63.6K	57.2K	54.3K
Common Stock	10.8K	10.9K	10.9K	11.1K	10.0K	9.5K
Short Term Investments	42.9K	113.0K	64.0K	18.6K	16.8K	15.9K
Intangible Assets	349.3K	412.3K	442.3K	486.6K	438.0K	515.4K
Property Plant Equipment	6.0M	6.1M	6.0M	5.8M	6.7M	7.0M
Non Currrent Assets Other	(9.6M)	(9.8M)	(9.8M)	(9.7M)	(8.7M)	(8.3M)
Other Assets	631.7K	561.9K	76.8K	259.8K	233.8K	397.5K
Net Tangible Assets	27.0M	34.4M	37.3M	43.4M	49.9M	52.4M
Retained Earnings Total Equity	(26.8M)	(23.4M)	(18.5M)	(14.2M)	(16.3M)	(17.1M)
Capital Surpluse	59.5M	60.1M	61.2M	62.3M	71.7M	61.6M

Pair Trading with Coda Octopus

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 Coda Octopus 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 Coda Octopus will appreciate offsetting losses from the drop in the long position's value.

Moving against Coda Stock

0.52

BHE

Benchmark Electronics Financial Report 1st of May 2024

Pair Corr

The ability to find closely correlated positions to Coda Octopus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Coda Octopus 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 Coda Octopus - 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 Coda Octopus Group to buy it.

The correlation of Coda Octopus 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 Coda Octopus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Coda Octopus Group 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 Coda Octopus 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 Coda Octopus Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Coda Octopus' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Coda Octopus Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Coda Octopus Group Stock:

How To Invest In Coda

Details

Is Coda Stock a good investment?

Details

What is Coda Octopus' Net Worth?

Details

Largest Electronic Equipment, Instruments & Components Companies

View

Largest Technology Hardware & Equipment Companies

View

Note that the Coda Octopus Group information on this page should be used as a complementary analysis to other Coda Octopus' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

Complementary Tools for Coda Stock analysis

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

	Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years
	Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital
	Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges
	Volatility Analysis Get historical volatility and risk analysis based on latest market data
	Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules

Is Coda Octopus' 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 Coda Octopus. If investors know Coda 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 Coda Octopus 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

(0.53)

Earnings Share

0.21

Revenue Per Share

1.63

Quarterly Revenue Growth

(0.20)

Return On Assets

0.0235

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Coda Earnings before Tax vs Average Assets Analysis

About Coda Balance Sheet Analysis

Coda Octopus Balance Sheet Chart

Total Assets

Total Current Liabilities

Coda Octopus fundamental ratios Correlations

Coda Octopus Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Coda Octopus fundamental ratios Accounts

Pair Trading with Coda Octopus

Moving against Coda Stock

Complementary Tools for Coda Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Cash	+ 0.99	Total Assets
Cash And Short Term Investments	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Cash

Net Debt	- 0.97	Total Stockholder Equity
Total Liab	- 0.94	Retained Earnings
Property Plant And Equipment Gross	- 0.93	Net Debt
Total Current Assets	- 0.92	Net Debt
Retained Earnings	- 0.92	Short Long Term Debt Total
Net Debt	- 0.92	Total Assets