Eltek Intangible Assets vs Total Assets Analysis

ELTK Stock

USD 10.90 0.27 2.42%

Eltek financial indicator trend analysis is much more than just examining Eltek latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eltek is a good investment. Please check the relationship between Eltek Intangible Assets and its Total Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eltek. 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 more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.

Intangible Assets vs Total Assets

Intangible Assets vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eltek Intangible Assets account and Total Assets. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Eltek's Intangible Assets and Total Assets is -0.2. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Total Assets in the same time period over historical financial statements of Eltek, assuming nothing else is changed. The correlation between historical values of Eltek's Intangible Assets and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Eltek are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Intangible Assets i.e., Eltek's Intangible Assets and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.2

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Total Assets

Total assets refers to the total amount of Eltek 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 Eltek 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.

Most indicators from Eltek's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eltek 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 Eltek. 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 more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.At this time, Eltek's Tax Provision is quite stable compared to the past year. Enterprise Value Over EBITDA is expected to rise to 9.72 this year, although the value of Selling General Administrative will most likely fall to about 5.3 M.

	2021	2022	2023	2024 (projected)
Interest Expense	488K	129K	84K	79.8K
Depreciation And Amortization	1.8M	1.5M	1.3M	1.7M

Interest Expense Depreciation And Amortization

Eltek 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	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Non Currrent Assets Other	Common Stock Total Equity	Short Term Investments	Other Current Assets
Total Assets		0.42	0.42	-0.47	0.83	0.94	-0.45	0.63	0.14	0.8	0.95	0.75	0.75	0.77	0.82	0.61	0.84	0.77	0.97	-0.66	-0.2	0.57	0.56	0.54	0.38	0.09
Short Long Term Debt Total	0.42		-0.01	-0.41	0.29	0.55	0.36	-0.2	-0.72	0.52	0.5	0.42	0.07	0.63	0.7	-0.2	0.58	0.64	0.32	0.09	0.03	0.53	0.17	0.56	-0.08	0.16
Other Current Liab	0.42	-0.01		-0.01	0.67	0.29	-0.69	0.74	0.31	0.62	0.29	0.7	0.47	0.5	0.18	0.32	0.15	0.29	0.49	-0.44	0.06	0.24	0.79	0.18	0.71	-0.13
Total Current Liabilities	-0.47	-0.41	-0.01		-0.46	-0.63	0.15	-0.19	0.46	-0.5	-0.66	-0.4	-0.05	-0.44	-0.79	0.22	-0.45	-0.05	-0.29	0.63	-0.35	-0.72	-0.04	-0.74	-0.1	0.31
Total Stockholder Equity	0.83	0.29	0.67	-0.46		0.81	-0.75	0.84	0.17	0.94	0.82	0.94	0.6	0.86	0.69	0.47	0.64	0.56	0.77	-0.79	-0.14	0.53	0.83	0.49	0.59	-0.05
Property Plant And Equipment Net	0.94	0.55	0.29	-0.63	0.81		-0.34	0.51	-0.08	0.79	0.97	0.73	0.66	0.82	0.93	0.41	0.87	0.73	0.86	-0.68	-0.17	0.64	0.48	0.63	0.29	0.09
Net Debt	-0.45	0.36	-0.69	0.15	-0.75	-0.34		-0.92	-0.59	-0.61	-0.39	-0.69	-0.36	-0.37	-0.15	-0.49	-0.1	-0.06	-0.47	0.75	0.0	-0.22	-0.72	-0.16	-0.74	0.26
Retained Earnings	0.63	-0.2	0.74	-0.19	0.84	0.51	-0.92		0.56	0.68	0.57	0.73	0.56	0.51	0.34	0.66	0.29	0.32	0.64	-0.81	-0.18	0.18	0.74	0.13	0.58	-0.11
Accounts Payable	0.14	-0.72	0.31	0.46	0.17	-0.08	-0.59	0.56		-0.06	0.0	0.02	0.46	-0.21	-0.34	0.66	-0.17	0.02	0.25	-0.32	-0.25	-0.33	0.19	-0.38	0.26	0.07
Cash	0.8	0.52	0.62	-0.5	0.94	0.79	-0.61	0.68	-0.06		0.81	0.98	0.4	0.87	0.75	0.3	0.61	0.61	0.73	-0.62	0.03	0.67	0.8	0.64	0.61	-0.1
Non Current Assets Total	0.95	0.5	0.29	-0.66	0.82	0.97	-0.39	0.57	0.0	0.81		0.73	0.62	0.77	0.93	0.45	0.8	0.7	0.85	-0.73	-0.11	0.65	0.44	0.64	0.26	0.05
Cash And Short Term Investments	0.75	0.42	0.7	-0.4	0.94	0.73	-0.69	0.73	0.02	0.98	0.73		0.42	0.86	0.64	0.32	0.56	0.56	0.71	-0.6	0.0	0.6	0.89	0.56	0.71	-0.11
Net Receivables	0.75	0.07	0.47	-0.05	0.6	0.66	-0.36	0.56	0.46	0.4	0.62	0.42		0.54	0.45	0.73	0.68	0.67	0.81	-0.51	-0.49	0.12	0.45	0.09	0.19	0.17
Common Stock Shares Outstanding	0.77	0.63	0.5	-0.44	0.86	0.82	-0.37	0.51	-0.21	0.87	0.77	0.86	0.54		0.75	0.31	0.82	0.68	0.72	-0.48	-0.28	0.52	0.77	0.5	0.38	0.09
Non Current Liabilities Total	0.82	0.7	0.18	-0.79	0.69	0.93	-0.15	0.34	-0.34	0.75	0.93	0.64	0.45	0.75		0.17	0.78	0.64	0.69	-0.61	0.01	0.7	0.31	0.72	0.12	-0.03
Inventory	0.61	-0.2	0.32	0.22	0.47	0.41	-0.49	0.66	0.66	0.3	0.45	0.32	0.73	0.31	0.17		0.42	0.54	0.7	-0.42	-0.67	-0.22	0.42	-0.26	0.12	0.14
Other Stockholder Equity	0.84	0.58	0.15	-0.45	0.64	0.87	-0.1	0.29	-0.17	0.61	0.8	0.56	0.68	0.82	0.78	0.42		0.71	0.81	-0.41	-0.42	0.43	0.45	0.42	0.13	0.25
Total Liab	0.77	0.64	0.29	-0.05	0.56	0.73	-0.06	0.32	0.02	0.61	0.7	0.56	0.67	0.68	0.64	0.54	0.71		0.77	-0.2	-0.42	0.25	0.45	0.24	0.08	0.34
Total Current Assets	0.97	0.32	0.49	-0.29	0.77	0.86	-0.47	0.64	0.25	0.73	0.85	0.71	0.81	0.72	0.69	0.7	0.81	0.77		-0.56	-0.27	0.47	0.6	0.43	0.45	0.11
Short Term Debt	-0.66	0.09	-0.44	0.63	-0.79	-0.68	0.75	-0.81	-0.32	-0.62	-0.73	-0.6	-0.51	-0.48	-0.61	-0.42	-0.41	-0.2	-0.56		0.04	-0.38	-0.44	-0.37	-0.36	0.24
Intangible Assets	-0.2	0.03	0.06	-0.35	-0.14	-0.17	0.0	-0.18	-0.25	0.03	-0.11	0.0	-0.49	-0.28	0.01	-0.67	-0.42	-0.42	-0.27	0.04		0.58	-0.24	0.59	0.34	-0.35
Common Stock	0.57	0.53	0.24	-0.72	0.53	0.64	-0.22	0.18	-0.33	0.67	0.65	0.6	0.12	0.52	0.7	-0.22	0.43	0.25	0.47	-0.38	0.58		0.25	1.0	0.51	-0.2
Non Currrent Assets Other	0.56	0.17	0.79	-0.04	0.83	0.48	-0.72	0.74	0.19	0.8	0.44	0.89	0.45	0.77	0.31	0.42	0.45	0.45	0.6	-0.44	-0.24	0.25		0.19	0.74	-0.02
Common Stock Total Equity	0.54	0.56	0.18	-0.74	0.49	0.63	-0.16	0.13	-0.38	0.64	0.64	0.56	0.09	0.5	0.72	-0.26	0.42	0.24	0.43	-0.37	0.59	1.0	0.19		0.43	-0.2
Short Term Investments	0.38	-0.08	0.71	-0.1	0.59	0.29	-0.74	0.58	0.26	0.61	0.26	0.71	0.19	0.38	0.12	0.12	0.13	0.08	0.45	-0.36	0.34	0.51	0.74	0.43		-0.23
Other Current Assets	0.09	0.16	-0.13	0.31	-0.05	0.09	0.26	-0.11	0.07	-0.1	0.05	-0.11	0.17	0.09	-0.03	0.14	0.25	0.34	0.11	0.24	-0.35	-0.2	-0.02	-0.2	-0.23

Click cells to compare fundamentals

Eltek Account Relationship Matchups

Eltek fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	22.8M	35.2M	42.8M	41.5M	47.2M	28.0M
Short Long Term Debt Total	8.5M	11.2M	13.7M	11.3M	6.7M	8.2M
Other Current Liab	206K	407K	384K	4.1M	5.7M	6.0M
Total Current Liabilities	14.8M	9.7M	9.3M	10.5M	14.0M	14.1M
Total Stockholder Equity	6.3M	15.3M	21.1M	21.0M	26.9M	28.2M
Property Plant And Equipment Net	9.3M	16.2M	16.3M	15.4M	15.9M	11.4M
Net Debt	6.8M	6.5M	4.5M	3.9M	(2.6M)	(2.5M)
Retained Earnings	(19.7M)	(17.1M)	(12.1M)	(9.9M)	(4.8M)	(5.1M)
Accounts Payable	4.7M	4.5M	4.0M	4.8M	7.5M	6.0M
Cash	1.6M	4.7M	9.3M	7.4M	9.3M	9.7M
Non Current Assets Total	9.3M	16.3M	20.2M	18.1M	17.1M	12.7M
Cash And Short Term Investments	1.6M	4.7M	9.3M	7.4M	12.1M	12.7M
Net Receivables	7.6M	9.8M	7.8M	10.4M	11.3M	8.0M
Common Stock Shares Outstanding	3.7M	4.5M	5.9M	5.8M	6.0M	6.3M
Liabilities And Stockholders Equity	22.8M	35.2M	42.8M	41.5M	47.2M	28.0M
Non Current Liabilities Total	1.8M	10.2M	12.5M	10.0M	6.3M	4.2M
Inventory	3.7M	3.7M	4.9M	5.1M	6.1M	4.3M
Total Liab	16.6M	19.9M	21.7M	20.5M	20.3M	18.3M
Total Current Assets	13.5M	18.8M	22.6M	23.4M	30.1M	15.3M
Accumulated Other Comprehensive Income	3.4M	4.2M	5.0M	2.7M	2.7M	2.6M
Short Term Debt	7.0M	1.4M	1.6M	1.5M	789K	749.6K
Non Currrent Assets Other	60K	64K	292K	261K	931K	977.6K
Other Current Assets	530K	619K	586K	786K	547K	472.1K
Property Plant And Equipment Gross	9.3M	16.2M	16.3M	15.4M	54.6M	57.3M
Other Liab	313K	422K	344K	280K	252K	349.8K
Long Term Debt	387K	1.5M	3.9M	2.8M	2.5M	1.8M
Property Plant Equipment	9.3M	16.2M	16.3M	14.8M	17.1M	11.1M
Current Deferred Revenue	2.9M	2.9M	3.4M	3.2M	3.7M	2.8M
Other Assets	60K	126K	3.9M	2.8M	3.2M	3.3M
Net Tangible Assets	6.3M	15.3M	21.1M	21.0M	24.2M	25.4M
Short Long Term Debt	5.6M	676K	708K	702K	631.8K	600.2K
Net Invested Capital	12.2M	17.4M	25.7M	24.5M	26.9M	20.4M
Net Working Capital	(1.2M)	9.1M	13.3M	12.9M	16.1M	16.9M

Pair Trading with Eltek

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

Moving together with Eltek Stock

0.86	UI	Ubiquiti Networks Earnings Call This Week	Pair Corr
0.76	LPL	LG Display Financial Report 20th of May 2024	Pair Corr

Moving against Eltek Stock

0.82	ASX	ASE Industrial Holding	Pair Corr
0.77	ENFN	Enfusion Financial Report 14th of May 2024	Pair Corr
0.73	MU	Micron Technology Aggressive Push	Pair Corr
0.53	KC	Kingsoft Cloud Holdi Buyout Trend	Pair Corr

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

The correlation of Eltek 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 Eltek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eltek 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 Eltek 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 Eltek 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 Eltek 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 Eltek Stock. Highlighted below are key reports to facilitate an investment decision about Eltek Stock:

How To Invest In Eltek

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Is Eltek Stock a good investment?

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What is Eltek's Net Worth?

Details

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eltek. 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 more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.

You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

Complementary Tools for Eltek Stock analysis

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

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Is Eltek'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 Eltek. If investors know Eltek 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 Eltek 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

0.598

Dividend Share

0.22

Earnings Share

1.07

Revenue Per Share

7.911

Quarterly Revenue Growth

0.176

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

Intangible Assets vs Total Assets

Intangible Assets vs Total Assets Correlation Analysis

Correlation Coefficient

Intangible Assets

Total Assets

Eltek fundamental ratios Correlations

Eltek Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Eltek fundamental ratios Accounts

Pair Trading with Eltek

Moving together with Eltek Stock

Moving against Eltek Stock

Complementary Tools for Eltek Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock Total Equity	+ 1.0	Common Stock
Cash And Short Term Investments	+ 0.98	Cash
Total Current Assets	+ 0.97	Total Assets
Non Current Assets Total	+ 0.97	Property Plant And Equipment Net
Non Current Assets Total	+ 0.95	Total Assets
Property Plant And Equipment Net	+ 0.94	Total Assets

Retained Earnings	- 0.92	Net Debt
Short Term Debt	- 0.81	Retained Earnings
Short Term Debt	- 0.79	Total Stockholder Equity
Non Current Liabilities Total	- 0.79	Total Current Liabilities
Net Debt	- 0.75	Total Stockholder Equity
Short Term Investments	- 0.74	Net Debt