Innovative Net Income vs Change In Cash Analysis

IIPR Stock

USD 108.48 0.99 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 Net Income and its Change In Cash 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 closely tied with the direction of predictive economic indicators such as signals in american community survey.

Net Income vs Change In Cash

Net Income vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Innovative Industrial Net Income account and Change In Cash. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Innovative Industrial's Net Income and Change In Cash is -0.21. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change In Cash 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 Net Income and Change In Cash 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 Income of Innovative Industrial Properties are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Net Income i.e., Innovative Industrial's Net Income and Change In Cash go up and down completely randomly.

Correlation Coefficient

-0.21

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Innovative Industrial financial statement analysis. It represents the amount of money remaining after all of Innovative Industrial Properties operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Change In Cash

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 closely tied with the direction of predictive economic indicators such as signals in american community survey.

As of 06/20/2024, 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	-0.45	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	-0.57	0.99
Total Assets	0.99		-0.72	0.72	0.99	1.0	0.99	0.94	-0.52	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	-0.57	1.0
Short Long Term Debt Total	-0.76	-0.72		-1.0	-0.74	-0.72	-0.73	-0.71	0.03	-0.73	1.0	0.59	-0.73	-0.58	-0.71	-0.41	-0.65	-0.72	1.0	-0.82	0.74	-0.7	-0.7	1.0	0.58	-0.71
Other Current Liab	0.77	0.72	-1.0		0.75	0.72	0.74	0.71	-0.03	0.73	-1.0	-0.6	0.74	0.58	0.71	0.41	0.66	0.72	-1.0	0.82	-0.75	0.7	0.71	-1.0	-0.58	0.71
Total Current Liabilities	0.99	0.99	-0.74	0.75		0.99	0.99	0.92	-0.52	0.99	-0.74	-0.84	0.93	0.86	0.99	0.59	0.92	0.71	-0.72	0.94	-0.97	0.98	0.92	-0.73	-0.59	0.99
Total Stockholder Equity	0.99	1.0	-0.72	0.72	0.99		0.98	0.94	-0.5	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	-0.58	1.0
Other Liab	0.99	0.99	-0.73	0.74	0.99	0.98		0.91	-0.53	0.99	-0.73	-0.83	0.91	0.89	0.98	0.51	0.91	0.74	-0.72	0.93	-0.95	0.98	0.9	-0.72	-0.61	0.98
Net Tangible Assets	0.92	0.94	-0.71	0.71	0.92	0.94	0.91		-0.51	0.93	-0.71	-0.96	0.8	0.85	0.93	0.45	0.98	0.75	-0.66	0.98	-0.95	0.9	1.0	-0.7	-0.52	0.94
Property Plant And Equipment Net	-0.45	-0.52	0.03	-0.03	-0.52	-0.5	-0.53	-0.51		-0.5	0.03	0.55	-0.52	-0.67	-0.53	-0.36	-0.53	-0.04	0.0	-0.42	0.46	-0.54	-0.51	0.02	0.29	-0.51
Current Deferred Revenue	0.99	0.99	-0.73	0.73	0.99	0.99	0.99	0.93	-0.5		-0.73	-0.88	0.87	0.85	0.99	0.55	0.93	0.73	-0.7	0.93	-0.95	0.99	0.93	-0.71	-0.51	0.99
Net Debt	-0.76	-0.72	1.0	-1.0	-0.74	-0.72	-0.73	-0.71	0.03	-0.73		0.59	-0.73	-0.57	-0.71	-0.41	-0.65	-0.72	1.0	-0.82	0.74	-0.7	-0.7	1.0	0.58	-0.71
Retained Earnings	-0.85	-0.87	0.59	-0.6	-0.84	-0.87	-0.83	-0.96	0.55	-0.88	0.59		-0.65	-0.79	-0.87	-0.37	-0.94	-0.65	0.53	-0.9	0.85	-0.85	-0.97	0.58	0.3	-0.87
Accounts Payable	0.89	0.89	-0.73	0.74	0.93	0.88	0.91	0.8	-0.52	0.87	-0.73	-0.65		0.77	0.89	0.58	0.81	0.6	-0.72	0.86	-0.91	0.89	0.8	-0.72	-0.74	0.87
Cash	0.85	0.88	-0.58	0.58	0.86	0.89	0.89	0.85	-0.67	0.85	-0.57	-0.79	0.77		0.88	0.46	0.82	0.75	-0.56	0.84	-0.85	0.82	0.85	-0.56	-0.68	0.88
Non Current Assets Total	0.99	1.0	-0.71	0.71	0.99	1.0	0.98	0.93	-0.53	0.99	-0.71	-0.87	0.89	0.88		0.59	0.94	0.72	-0.68	0.93	-0.97	0.97	0.93	-0.7	-0.56	1.0
Non Currrent Assets Other	0.55	0.58	-0.41	0.41	0.59	0.59	0.51	0.45	-0.36	0.55	-0.41	-0.37	0.58	0.46	0.59		0.44	0.27	-0.39	0.45	-0.55	0.5	0.45	-0.4	-0.25	0.6
Other Assets	0.92	0.94	-0.65	0.66	0.92	0.94	0.91	0.98	-0.53	0.93	-0.65	-0.94	0.81	0.82	0.94	0.44		0.68	-0.61	0.95	-0.96	0.9	0.98	-0.64	-0.53	0.94
Cash And Short Term Investments	0.76	0.74	-0.72	0.72	0.71	0.76	0.74	0.75	-0.04	0.73	-0.72	-0.65	0.6	0.75	0.72	0.27	0.68		-0.71	0.81	-0.76	0.67	0.74	-0.7	-0.61	0.74
Net Receivables	-0.74	-0.69	1.0	-1.0	-0.72	-0.69	-0.72	-0.66	0.0	-0.7	1.0	0.53	-0.72	-0.56	-0.68	-0.39	-0.61	-0.71		-0.78	0.71	-0.68	-0.65	1.0	0.6	-0.68
Common Stock Total Equity	0.94	0.94	-0.82	0.82	0.94	0.94	0.93	0.98	-0.42	0.93	-0.82	-0.9	0.86	0.84	0.93	0.45	0.95	0.81	-0.78		-0.97	0.91	0.98	-0.81	-0.62	0.93
Retained Earnings Total Equity	-0.96	-0.97	0.74	-0.75	-0.97	-0.97	-0.95	-0.95	0.46	-0.95	0.74	0.85	-0.91	-0.85	-0.97	-0.55	-0.96	-0.76	0.71	-0.97		-0.91	-0.95	0.73	0.68	-0.97
Non Current Liabilities Total	0.98	0.97	-0.7	0.7	0.98	0.96	0.98	0.9	-0.54	0.99	-0.7	-0.85	0.89	0.82	0.97	0.5	0.9	0.67	-0.68	0.91	-0.91		0.9	-0.69	-0.48	0.96
Capital Surpluse	0.92	0.93	-0.7	0.71	0.92	0.94	0.9	1.0	-0.51	0.93	-0.7	-0.97	0.8	0.85	0.93	0.45	0.98	0.74	-0.65	0.98	-0.95	0.9		-0.69	-0.51	0.93
Inventory	-0.75	-0.71	1.0	-1.0	-0.73	-0.71	-0.72	-0.7	0.02	-0.71	1.0	0.58	-0.72	-0.56	-0.7	-0.4	-0.64	-0.7	1.0	-0.81	0.73	-0.69	-0.69		0.56	-0.7
Other Current Assets	-0.57	-0.57	0.58	-0.58	-0.59	-0.58	-0.61	-0.52	0.29	-0.51	0.58	0.3	-0.74	-0.68	-0.56	-0.25	-0.53	-0.61	0.6	-0.62	0.68	-0.48	-0.51	0.56		-0.57
Other Stockholder Equity	0.99	1.0	-0.71	0.71	0.99	1.0	0.98	0.94	-0.51	0.99	-0.71	-0.87	0.87	0.88	1.0	0.6	0.94	0.74	-0.68	0.93	-0.97	0.96	0.93	-0.7	-0.57

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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
Property Plant And Equipment Net	1.2M	980K	1.1M	1.7M	1.4M	1.3M
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 Current Assets	(236.9M)	(745.3M)	(411.3M)	1.5M	(178.7M)	(187.6M)
Other Stockholder Equity	573.9M	1.6B	1.7B	2.2B	2.1B	1.2B
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
Accumulated Other Comprehensive Income	(19.9M)	(48.1M)	(75.2M)	(117.4M)	(28K)	(29.4K)
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

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Innovative Net Income vs Change In Cash Analysis

Net Income vs Change In Cash

Net Income vs Change In Cash Correlation Analysis

Correlation Coefficient

Net Income

Change In Cash

Innovative Industrial fundamental ratios Correlations

Innovative Industrial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Innovative Industrial fundamental ratios Accounts

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

Additional Tools for Innovative Stock Analysis

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Other Stockholder Equity	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Net Receivables	+ 1.0	Short Long Term Debt Total
Inventory	+ 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
Other Current Liab	- 1.0	Short Long Term Debt Total
Other Stockholder Equity	- 0.97	Retained Earnings Total Equity
Retained Earnings Total Equity	- 0.97	Common Stock Total Equity