HeartCore Net Invested Capital vs Total Current Assets Analysis
| HTCR Stock | USD 0.83 0.02 2.47% |
HeartCore Enterprises financial indicator trend analysis is much more than just examining HeartCore Enterprises latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HeartCore Enterprises is a good investment. Please check the relationship between HeartCore Enterprises Net Invested Capital and its Total Current Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HeartCore Enterprises. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in HeartCore Stock, please use our How to Invest in HeartCore Enterprises guide.
Net Invested Capital vs Total Current Assets
Net Invested Capital vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HeartCore Enterprises Net Invested Capital account and Total Current Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between HeartCore Enterprises' Net Invested Capital and Total Current Assets is 0.93. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of HeartCore Enterprises, assuming nothing else is changed. The correlation between historical values of HeartCore Enterprises' Net Invested Capital and Total Current 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 Net Invested Capital of HeartCore Enterprises are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Net Invested Capital i.e., HeartCore Enterprises' Net Invested Capital and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.93 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from HeartCore Enterprises' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HeartCore Enterprises 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HeartCore Enterprises. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in HeartCore Stock, please use our How to Invest in HeartCore Enterprises guide.As of 05/28/2024, Tax Provision is likely to grow to about 91.5 K, while Selling General Administrative is likely to drop slightly above 5.7 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 105.4K | 137.8K | 683.0K | 717.2K | Interest Income | 7.0K | 67.0K | 99.3K | 104.3K |
HeartCore Enterprises fundamental ratios Correlations
Click cells to compare fundamentals
HeartCore Enterprises Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HeartCore Enterprises. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in HeartCore Stock, please use our How to Invest in HeartCore Enterprises guide.Note that the HeartCore Enterprises information on this page should be used as a complementary analysis to other HeartCore Enterprises' 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 Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for HeartCore Stock analysis
When running HeartCore Enterprises' price analysis, check to measure HeartCore Enterprises' 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 HeartCore Enterprises is operating at the current time. Most of HeartCore Enterprises' value examination focuses on studying past and present price action to predict the probability of HeartCore Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HeartCore Enterprises' price. Additionally, you may evaluate how the addition of HeartCore Enterprises to your portfolios can decrease your overall portfolio volatility.
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Is HeartCore Enterprises' 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 HeartCore Enterprises. If investors know HeartCore 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 HeartCore Enterprises listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.37) | Revenue Per Share 1.071 | Quarterly Revenue Growth 0.664 | Return On Assets (0.16) | Return On Equity (0.78) |
The market value of HeartCore Enterprises is measured differently than its book value, which is the value of HeartCore that is recorded on the company's balance sheet. Investors also form their own opinion of HeartCore Enterprises' value that differs from its market value or its book value, called intrinsic value, which is HeartCore Enterprises' 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 HeartCore Enterprises' market value can be influenced by many factors that don't directly affect HeartCore Enterprises' 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 HeartCore Enterprises' value and its price as these two are different measures arrived at by different means. Investors typically determine if HeartCore Enterprises is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HeartCore Enterprises' 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.