IDEX Asset Turnover vs Total Assets Analysis

IEX Stock

USD 227.04 0.94 0.42%

IDEX financial indicator trend analysis is infinitely more than just investigating IDEX recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IDEX is a good investment. Please check the relationship between IDEX Asset Turnover and its Total Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IDEX Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

Asset Turnover vs Total Assets

Asset Turnover vs Total Assets Correlation Analysis

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

The correlation between IDEX's Asset Turnover and Total Assets is -0.6. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Total Assets in the same time period over historical financial statements of IDEX Corporation, assuming nothing else is changed. The correlation between historical values of IDEX's Asset Turnover 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 Asset Turnover of IDEX Corporation 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 Asset Turnover i.e., IDEX's Asset Turnover and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.6

Relationship Direction	Negative
Relationship Strength	Weak

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.

Total Assets

Total assets refers to the total amount of IDEX 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 IDEX 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 IDEX's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IDEX 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 IDEX Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

Enterprise Value is likely to rise to about 1.2 B in 2024, whereas Selling General Administrative is likely to drop slightly above 374.8 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.2B	1.4B	1.4B	1.5B
Total Revenue	2.8B	3.2B	3.3B	3.4B

Gross Profit Total Revenue

IDEX fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	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 Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Other Current Liab	Accounts Payable	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock	Other Liab
Total Assets		0.96	0.95	1.0	0.99	0.53	0.98	0.64	0.99	0.39	0.64	0.97	-0.68	0.98	0.98	0.53	-0.64	0.99	0.91	0.72	0.97	0.73	0.89	0.64	0.64	0.88
Short Long Term Debt Total	0.96		0.95	0.93	0.95	0.67	0.92	0.54	0.96	0.2	0.54	0.97	-0.72	0.99	0.98	0.58	-0.58	0.99	0.85	0.63	0.94	0.78	0.85	0.67	0.68	0.82
Total Current Liabilities	0.95	0.95		0.93	0.94	0.51	0.92	0.66	0.92	0.25	0.66	0.96	-0.76	0.94	0.95	0.63	-0.59	0.96	0.91	0.58	0.97	0.81	0.81	0.71	0.72	0.8
Total Stockholder Equity	1.0	0.93	0.93		0.99	0.49	0.98	0.65	0.98	0.44	0.65	0.96	-0.65	0.96	0.96	0.5	-0.65	0.97	0.9	0.75	0.96	0.69	0.89	0.61	0.61	0.88
Property Plant And Equipment Net	0.99	0.95	0.94	0.99		0.58	0.97	0.57	0.99	0.37	0.57	0.98	-0.7	0.97	0.97	0.5	-0.64	0.97	0.86	0.76	0.97	0.7	0.87	0.66	0.66	0.86
Net Debt	0.53	0.67	0.51	0.49	0.58		0.48	-0.27	0.64	-0.34	-0.27	0.64	-0.33	0.61	0.65	0.29	-0.22	0.6	0.18	0.55	0.49	0.38	0.62	0.32	0.33	0.32
Retained Earnings	0.98	0.92	0.92	0.98	0.97	0.48		0.65	0.97	0.42	0.65	0.94	-0.6	0.95	0.94	0.4	-0.78	0.95	0.89	0.73	0.95	0.68	0.88	0.55	0.56	0.92
Cash	0.64	0.54	0.66	0.65	0.57	-0.27	0.65		0.53	0.64	1.0	0.53	-0.56	0.59	0.53	0.43	-0.5	0.61	0.9	0.19	0.66	0.58	0.4	0.51	0.51	0.71
Non Current Assets Total	0.99	0.96	0.92	0.98	0.99	0.64	0.97	0.53		0.33	0.53	0.97	-0.63	0.98	0.98	0.49	-0.63	0.98	0.84	0.78	0.95	0.68	0.91	0.59	0.6	0.85
Non Currrent Assets Other	0.39	0.2	0.25	0.44	0.37	-0.34	0.42	0.64	0.33		0.64	0.23	-0.16	0.29	0.21	0.24	-0.31	0.29	0.51	0.47	0.3	0.0	0.31	0.16	0.16	0.51
Cash And Short Term Investments	0.64	0.54	0.66	0.65	0.57	-0.27	0.65	1.0	0.53	0.64		0.53	-0.56	0.59	0.53	0.43	-0.5	0.61	0.9	0.19	0.66	0.58	0.4	0.51	0.51	0.71
Net Receivables	0.97	0.97	0.96	0.96	0.98	0.64	0.94	0.53	0.97	0.23	0.53		-0.76	0.97	0.99	0.56	-0.56	0.98	0.85	0.67	0.98	0.78	0.85	0.71	0.72	0.8
Common Stock Shares Outstanding	-0.68	-0.72	-0.76	-0.65	-0.7	-0.33	-0.6	-0.56	-0.63	-0.16	-0.56	-0.76		-0.7	-0.68	-0.64	0.21	-0.72	-0.73	-0.18	-0.78	-0.82	-0.33	-0.97	-0.97	-0.54
Non Current Liabilities Total	0.98	0.99	0.94	0.96	0.97	0.61	0.95	0.59	0.98	0.29	0.59	0.97	-0.7		0.98	0.56	-0.61	1.0	0.88	0.66	0.95	0.76	0.87	0.65	0.66	0.87
Inventory	0.98	0.98	0.95	0.96	0.97	0.65	0.94	0.53	0.98	0.21	0.53	0.99	-0.68	0.98		0.52	-0.59	0.98	0.85	0.67	0.95	0.77	0.89	0.64	0.64	0.81
Other Current Assets	0.53	0.58	0.63	0.5	0.5	0.29	0.4	0.43	0.49	0.24	0.43	0.56	-0.64	0.56	0.52		0.05	0.58	0.59	0.23	0.55	0.57	0.43	0.63	0.63	0.38
Other Stockholder Equity	-0.64	-0.58	-0.59	-0.65	-0.64	-0.22	-0.78	-0.5	-0.63	-0.31	-0.5	-0.56	0.21	-0.61	-0.59	0.05		-0.61	-0.59	-0.47	-0.64	-0.43	-0.64	-0.14	-0.15	-0.83
Total Liab	0.99	0.99	0.96	0.97	0.97	0.6	0.95	0.61	0.98	0.29	0.61	0.98	-0.72	1.0	0.98	0.58	-0.61		0.89	0.65	0.96	0.78	0.87	0.67	0.68	0.86
Total Current Assets	0.91	0.85	0.91	0.9	0.86	0.18	0.89	0.9	0.84	0.51	0.9	0.85	-0.73	0.88	0.85	0.59	-0.59	0.89		0.46	0.91	0.77	0.7	0.68	0.68	0.85
Intangible Assets	0.72	0.63	0.58	0.75	0.76	0.55	0.73	0.19	0.78	0.47	0.19	0.67	-0.18	0.66	0.67	0.23	-0.47	0.65	0.46		0.61	0.16	0.81	0.21	0.22	0.58
Other Current Liab	0.97	0.94	0.97	0.96	0.97	0.49	0.95	0.66	0.95	0.3	0.66	0.98	-0.78	0.95	0.95	0.55	-0.64	0.96	0.91	0.61		0.8	0.79	0.73	0.74	0.85
Accounts Payable	0.73	0.78	0.81	0.69	0.7	0.38	0.68	0.58	0.68	0.0	0.58	0.78	-0.82	0.76	0.77	0.57	-0.43	0.78	0.77	0.16	0.8		0.53	0.84	0.84	0.63
Property Plant And Equipment Gross	0.89	0.85	0.81	0.89	0.87	0.62	0.88	0.4	0.91	0.31	0.4	0.85	-0.33	0.87	0.89	0.43	-0.64	0.87	0.7	0.81	0.79	0.53		0.31	0.32	0.77
Common Stock Total Equity	0.64	0.67	0.71	0.61	0.66	0.32	0.55	0.51	0.59	0.16	0.51	0.71	-0.97	0.65	0.64	0.63	-0.14	0.67	0.68	0.21	0.73	0.84	0.31		1.0	0.47
Common Stock	0.64	0.68	0.72	0.61	0.66	0.33	0.56	0.51	0.6	0.16	0.51	0.72	-0.97	0.66	0.64	0.63	-0.15	0.68	0.68	0.22	0.74	0.84	0.32	1.0		0.47
Other Liab	0.88	0.82	0.8	0.88	0.86	0.32	0.92	0.71	0.85	0.51	0.71	0.8	-0.54	0.87	0.81	0.38	-0.83	0.86	0.85	0.58	0.85	0.63	0.77	0.47	0.47

Click cells to compare fundamentals

IDEX Account Relationship Matchups

IDEX fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.8B	4.4B	4.9B	5.5B	5.9B	6.2B
Short Long Term Debt Total	849.3M	1.0B	1.2B	1.5B	1.3B	1.4B
Total Current Liabilities	357.9M	399.1M	480M	543.6M	500.3M	525.3M
Total Stockholder Equity	2.3B	2.5B	2.8B	3.0B	3.5B	3.7B
Property Plant And Equipment Net	280.3M	298.3M	327.3M	382.1M	430.3M	451.8M
Net Debt	216.7M	18.6M	334.9M	1.1B	791.4M	831.0M
Retained Earnings	2.6B	2.8B	3.1B	3.5B	3.9B	4.1B
Cash	632.6M	1.0B	855.4M	430.2M	534.3M	561.0M
Non Current Assets Total	2.6B	2.8B	3.2B	4.1B	4.4B	4.6B
Non Currrent Assets Other	104.4M	147.8M	146.9M	(119.9M)	138.5M	145.4M
Cash And Short Term Investments	632.6M	1.0B	855.4M	430.2M	534.3M	561.0M
Net Receivables	298.2M	293.1M	356.4M	442.8M	427.8M	449.2M
Common Stock Shares Outstanding	77.6M	76.5M	76.4M	76M	75.9M	82.3M
Liabilities And Stockholders Equity	3.8B	4.4B	4.9B	5.5B	5.9B	6.2B
Non Current Liabilities Total	1.2B	1.5B	1.6B	1.9B	1.8B	1.9B
Inventory	293.5M	289.9M	370.4M	470.9M	420.8M	441.8M
Other Current Assets	37.2M	48.3M	95.8M	55.4M	63.4M	66.6M
Other Stockholder Equity	(225.5M)	(288.7M)	(254.7M)	(367.1M)	(348M)	(330.6M)
Total Liab	1.6B	1.9B	2.1B	2.5B	2.3B	2.4B
Total Current Assets	1.3B	1.7B	1.7B	1.4B	1.4B	1.5B
Intangible Assets	388.0M	415.6M	597.3M	947.8M	3.9B	4.0B
Other Current Liab	201.4M	218.6M	234.6M	268.4M	264.1M	277.3M
Accounts Payable	138.5M	152.0M	178.8M	208.9M	179.7M	98.3M
Property Plant And Equipment Gross	280.3M	298.3M	832M	898.8M	976M	1.0B
Accumulated Other Comprehensive Income	(127.3M)	(13.5M)	(69.6M)	(126.2M)	(45.8M)	(48.1M)
Other Liab	274.0M	430.7M	443.8M	363.4M	417.9M	438.8M
Other Assets	22.0M	147.8M	146.9M	144.6M	166.3M	174.6M
Long Term Debt	848.9M	1.0B	1.2B	1.5B	1.3B	731.2M
Treasury Stock	(985.9M)	(1.1B)	(1.1B)	(1.2B)	(1.1B)	(1.0B)
Short Term Debt	388K	88K	17.6M	21.6M	600K	570K
Property Plant Equipment	280.3M	298.3M	327.3M	382.1M	439.4M	236.4M
Good Will	1.8B	1.9B	2.2B	2.6B	2.8B	1.5B
Current Deferred Revenue	17.6M	28.4M	49M	44.7M	55.9M	58.7M
Net Tangible Assets	95.5M	229.1M	38.1M	(546.6M)	(628.6M)	(597.2M)
Retained Earnings Total Equity	2.6B	2.8B	3.1B	3.5B	4.1B	2.2B
Long Term Debt Total	848.9M	1.0B	1.2B	1.5B	1.7B	985.3M

IDEX Investors Sentiment

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

IDEX'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 IDEX'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 IDEX's news discussions. The higher the estimated score, the more favorable is the investor's outlook on IDEX.

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 IDEX 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, IDEX's short interest history, or implied volatility extrapolated from IDEX options trading.

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When determining whether IDEX offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IDEX's 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 Idex Corporation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Idex Corporation Stock:

How To Invest In IDEX

Details

Is IDEX Stock a good investment?

Details

What is IDEX's Net Worth?

Details

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IDEX Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

Note that the IDEX information on this page should be used as a complementary analysis to other IDEX's 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

Complementary Tools for IDEX Stock analysis

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

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Is IDEX'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 IDEX. If investors know IDEX 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 IDEX 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

(0.16)

Dividend Share

2.56

Earnings Share

7.85

Revenue Per Share

43.306

Quarterly Revenue Growth

(0.03)

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

Asset Turnover vs Total Assets

Asset Turnover vs Total Assets Correlation Analysis

Correlation Coefficient

Asset Turnover

Total Assets

IDEX fundamental ratios Correlations

IDEX Account Relationship Matchups

High Positive Relationship

High Negative Relationship

IDEX fundamental ratios Accounts

IDEX Investors Sentiment

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

Complementary Tools for IDEX Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total
Common Stock	+ 1.0	Common Stock Total Equity
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets

Common Stock	- 0.97	Common Stock Shares Outstanding
Common Stock Total Equity	- 0.97	Common Stock Shares Outstanding
Other Liab	- 0.83	Other Stockholder Equity
Accounts Payable	- 0.82	Common Stock Shares Outstanding
Other Current Liab	- 0.78	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.78	Retained Earnings