Innovative Book Value per Share vs Asset Turnover Analysis

IIPR Stock

USD 93.62 0.87 0.92%

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

Book Value Per Share vs Asset Turnover

Book Value per Share vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Innovative Industrial Book Value per Share account and Asset Turnover. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Innovative Industrial's Book Value per Share and Asset Turnover is -0.12. Overlapping area represents the amount of variation of Book Value per Share that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Innovative Industrial Properties, assuming nothing else is changed. The correlation between historical values of Innovative Industrial's Book Value per Share and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value per Share of Innovative Industrial Properties are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Book Value per Share i.e., Innovative Industrial's Book Value per Share and Asset Turnover go up and down completely randomly.

Correlation Coefficient

-0.12

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Asset Turnover

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

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

As of 04/17/2024, Selling General Administrative is likely to grow to about 45 M, while Issuance Of Capital Stock is likely to drop slightly above 9.1 M.

	2021	2022	2023	2024 (projected)
Gross Profit	200.1M	265.8M	217.4M	228.3M
Total Revenue	204.6M	276.4M	309.5M	325.0M

Gross Profit Total Revenue

Innovative Industrial fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Retained Earnings Total Equity	Non Current Liabilities Total	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity
Common Stock Shares Outstanding		0.99	-0.76	0.77	0.99	0.99	0.99	0.92	-0.76	0.99	-0.76	-0.85	0.89	0.85	0.99	0.55	0.92	0.76	-0.74	0.94	-0.96	0.98	0.92	-0.75	-0.56	0.99
Total Assets	0.99		-0.72	0.72	0.99	1.0	0.99	0.94	-0.72	0.99	-0.72	-0.87	0.89	0.88	1.0	0.58	0.94	0.74	-0.69	0.94	-0.97	0.97	0.93	-0.71	-0.55	1.0
Short Long Term Debt Total	-0.76	-0.72		-1.0	-0.74	-0.72	-0.73	-0.71	1.0	-0.73	1.0	0.61	-0.73	-0.58	-0.71	-0.44	-0.65	-0.72	1.0	-0.82	0.74	-0.7	-0.7	1.0	0.6	-0.71
Other Current Liab	0.77	0.72	-1.0		0.75	0.72	0.74	0.71	-1.0	0.73	-1.0	-0.61	0.74	0.58	0.71	0.45	0.66	0.72	-1.0	0.82	-0.75	0.7	0.71	-1.0	-0.6	0.71
Total Current Liabilities	0.99	0.99	-0.74	0.75		0.99	0.99	0.92	-0.74	0.99	-0.74	-0.84	0.93	0.86	0.99	0.58	0.92	0.71	-0.72	0.94	-0.97	0.98	0.92	-0.73	-0.57	0.98
Total Stockholder Equity	0.99	1.0	-0.72	0.72	0.99		0.98	0.94	-0.72	0.99	-0.72	-0.87	0.88	0.89	1.0	0.59	0.94	0.76	-0.69	0.94	-0.97	0.96	0.94	-0.71	-0.56	1.0
Other Liab	0.99	0.99	-0.73	0.74	0.99	0.98		0.91	-0.73	0.99	-0.73	-0.83	0.91	0.89	0.98	0.5	0.91	0.74	-0.72	0.93	-0.95	0.98	0.9	-0.72	-0.59	0.98
Net Tangible Assets	0.92	0.94	-0.71	0.71	0.92	0.94	0.91		-0.71	0.93	-0.71	-0.97	0.8	0.85	0.93	0.44	0.98	0.75	-0.66	0.98	-0.95	0.9	1.0	-0.7	-0.5	0.94
Property Plant And Equipment Net	-0.76	-0.72	1.0	-1.0	-0.74	-0.72	-0.73	-0.71		-0.72	1.0	0.61	-0.73	-0.58	-0.71	-0.44	-0.65	-0.72	1.0	-0.82	0.74	-0.7	-0.7	1.0	0.61	-0.71
Current Deferred Revenue	0.99	0.99	-0.73	0.73	0.99	0.99	0.99	0.93	-0.72		-0.73	-0.88	0.87	0.85	0.99	0.54	0.93	0.73	-0.7	0.93	-0.95	0.99	0.93	-0.71	-0.48	0.99
Net Debt	-0.76	-0.72	1.0	-1.0	-0.74	-0.72	-0.73	-0.71	1.0	-0.73		0.61	-0.73	-0.57	-0.71	-0.44	-0.65	-0.72	1.0	-0.82	0.74	-0.7	-0.7	1.0	0.6	-0.71
Retained Earnings	-0.85	-0.87	0.61	-0.61	-0.84	-0.87	-0.83	-0.97	0.61	-0.88	0.61		-0.65	-0.78	-0.87	-0.34	-0.94	-0.67	0.55	-0.91	0.85	-0.85	-0.97	0.6	0.28	-0.88
Accounts Payable	0.89	0.89	-0.73	0.74	0.93	0.88	0.91	0.8	-0.73	0.87	-0.73	-0.65		0.77	0.89	0.57	0.81	0.6	-0.72	0.86	-0.91	0.89	0.8	-0.72	-0.71	0.87
Cash	0.85	0.88	-0.58	0.58	0.86	0.89	0.89	0.85	-0.58	0.85	-0.57	-0.78	0.77		0.88	0.43	0.82	0.75	-0.56	0.84	-0.85	0.82	0.85	-0.56	-0.64	0.89
Non Current Assets Total	0.99	1.0	-0.71	0.71	0.99	1.0	0.98	0.93	-0.71	0.99	-0.71	-0.87	0.89	0.88		0.58	0.94	0.72	-0.68	0.93	-0.97	0.97	0.93	-0.7	-0.54	1.0
Non Currrent Assets Other	0.55	0.58	-0.44	0.45	0.58	0.59	0.5	0.44	-0.44	0.54	-0.44	-0.34	0.57	0.43	0.58		0.43	0.32	-0.42	0.45	-0.54	0.49	0.44	-0.44	-0.24	0.58
Other Assets	0.92	0.94	-0.65	0.66	0.92	0.94	0.91	0.98	-0.65	0.93	-0.65	-0.94	0.81	0.82	0.94	0.43		0.68	-0.61	0.95	-0.96	0.9	0.98	-0.64	-0.5	0.94
Cash And Short Term Investments	0.76	0.74	-0.72	0.72	0.71	0.76	0.74	0.75	-0.72	0.73	-0.72	-0.67	0.6	0.75	0.72	0.32	0.68		-0.71	0.81	-0.76	0.67	0.74	-0.7	-0.66	0.75
Net Receivables	-0.74	-0.69	1.0	-1.0	-0.72	-0.69	-0.72	-0.66	1.0	-0.7	1.0	0.55	-0.72	-0.56	-0.68	-0.42	-0.61	-0.71		-0.78	0.71	-0.68	-0.65	1.0	0.63	-0.68
Common Stock Total Equity	0.94	0.94	-0.82	0.82	0.94	0.94	0.93	0.98	-0.82	0.93	-0.82	-0.91	0.86	0.84	0.93	0.45	0.95	0.81	-0.78		-0.97	0.91	0.98	-0.81	-0.61	0.94
Retained Earnings Total Equity	-0.96	-0.97	0.74	-0.75	-0.97	-0.97	-0.95	-0.95	0.74	-0.95	0.74	0.85	-0.91	-0.85	-0.97	-0.54	-0.96	-0.76	0.71	-0.97		-0.91	-0.95	0.73	0.66	-0.97
Non Current Liabilities Total	0.98	0.97	-0.7	0.7	0.98	0.96	0.98	0.9	-0.7	0.99	-0.7	-0.85	0.89	0.82	0.97	0.49	0.9	0.67	-0.68	0.91	-0.91		0.9	-0.69	-0.45	0.96
Capital Surpluse	0.92	0.93	-0.7	0.71	0.92	0.94	0.9	1.0	-0.7	0.93	-0.7	-0.97	0.8	0.85	0.93	0.44	0.98	0.74	-0.65	0.98	-0.95	0.9		-0.69	-0.49	0.94
Inventory	-0.75	-0.71	1.0	-1.0	-0.73	-0.71	-0.72	-0.7	1.0	-0.71	1.0	0.6	-0.72	-0.56	-0.7	-0.44	-0.64	-0.7	1.0	-0.81	0.73	-0.69	-0.69		0.59	-0.7
Other Current Assets	-0.56	-0.55	0.6	-0.6	-0.57	-0.56	-0.59	-0.5	0.61	-0.48	0.6	0.28	-0.71	-0.64	-0.54	-0.24	-0.5	-0.66	0.63	-0.61	0.66	-0.45	-0.49	0.59		-0.55
Other Stockholder Equity	0.99	1.0	-0.71	0.71	0.98	1.0	0.98	0.94	-0.71	0.99	-0.71	-0.88	0.87	0.89	1.0	0.58	0.94	0.75	-0.68	0.94	-0.97	0.96	0.94	-0.7	-0.55

Click cells to compare fundamentals

Innovative Industrial Account Relationship Matchups

Innovative Industrial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	10.7M	19.6M	26.3M	27.7M	28.3M	15.4M
Total Assets	745.9M	1.8B	2.1B	2.4B	2.4B	1.4B
Other Current Liab	13.0M	30.1M	38.8M	50.8M	47.4M	49.8M
Total Current Liabilities	62.0M	105.4M	145.6M	149.5M	132.2M	85.4M
Total Stockholder Equity	548.0M	1.5B	1.6B	2.0B	2.0B	1.1B
Other Liab	45.6M	70.7M	100.2M	88.1M	101.3M	50.8M
Net Tangible Assets	534.0M	1.5B	1.6B	1.9B	2.2B	2.3B
Current Deferred Revenue	20.6M	34.2M	52.8M	58.7M	59.4M	33.2M
Net Debt	53.6M	11.7M	245.0M	214.4M	160.7M	152.6M
Retained Earnings	(19.9M)	(48.1M)	(75.2M)	(117.4M)	(156.9M)	(149.0M)
Accounts Payable	28.4M	41.1M	54.0M	40.0M	21.0M	26.1M
Cash	82.2M	126.0M	81.1M	87.1M	141.7M	79.2M
Non Current Assets Total	628.5M	1.6B	2.0B	2.3B	2.2B	1.2B
Non Currrent Assets Other	507.7M	1.0B	10.0M	2.1B	14.1M	13.4M
Other Assets	1.9M	1.6B	2.1B	2.1B	2.2B	2.4B
Cash And Short Term Investments	82.2M	126.0M	81.1M	87.1M	163.6M	98.8M
Common Stock Total Equity	10K	13K	24K	26K	29.9K	31.4K
Short Term Investments	119.6M	619.3M	324.9M	200.9M	21.9M	20.9M
Liabilities And Stockholders Equity	745.9M	1.8B	2.1B	2.4B	2.4B	1.4B
Non Current Liabilities Total	135.9M	137.8M	327.3M	303.4M	305.9M	168.3M
Capital Surpluse	553.9M	1.6B	1.7B	2.1B	2.4B	2.5B
Other Stockholder Equity	553.9M	1.6B	1.7B	2.1B	2.1B	1.1B
Total Liab	197.8M	243.1M	472.9M	452.9M	438.1M	251.8M
Total Current Assets	117.3M	126.0M	99.3M	106.6M	163.7M	108.9M
Non Current Liabilities Other	46.8M	71.7M	100.2M	1.9M	5.1M	4.8M
Common Stock	13K	24K	26K	28K	32.2K	18.7K
Property Plant Equipment	505.9M	1.0B	1.6B	2.1B	2.4B	2.5B
Net Invested Capital	668.7M	1.6B	1.9B	2.2B	2.2B	1.4B
Net Working Capital	76.0M	54.8M	(46.3M)	(43.0M)	31.5M	23.8M
Long Term Investments	119.6M	619.3M	12.9M	200.9M	21.9M	20.9M

Innovative Industrial Investors Sentiment

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

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

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

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When determining whether Innovative Industrial is a strong investment it is important to analyze Innovative Industrial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Innovative Industrial's future performance. For an informed investment choice regarding Innovative Stock, refer to the following important reports:

How To Invest In Innovative

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Is Innovative Stock a good investment?

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What is Innovative Industrial's Net Worth?

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

You can also try the Stocks Directory module to find actively traded stocks across global markets.

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

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Is Innovative Industrial'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 Innovative Industrial. If investors know Innovative 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 Innovative Industrial 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

(0.01)

Dividend Share

7.22

Earnings Share

5.77

Revenue Per Share

11.063

Quarterly Revenue Growth

0.123

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

Book Value Per Share vs Asset Turnover

Book Value per Share vs Asset Turnover Correlation Analysis

Correlation Coefficient

Book Value Per Share

Asset Turnover

Innovative Industrial fundamental ratios Correlations

Innovative Industrial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Innovative Industrial fundamental ratios Accounts

Innovative Industrial Investors Sentiment

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

Complementary Tools for Innovative Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Other Stockholder Equity	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Short Long Term Debt Total
Net Debt	+ 1.0	Short Long Term Debt Total
Net Receivables	+ 1.0	Short Long Term Debt Total

Inventory	- 1.0	Other Current Liab
Net Receivables	- 1.0	Other Current Liab
Net Debt	- 1.0	Other Current Liab
Property Plant And Equipment Net	- 1.0	Other Current Liab
Other Current Liab	- 1.0	Short Long Term Debt Total
Other Stockholder Equity	- 0.97	Retained Earnings Total Equity