Intrepid Net Income vs Inventory Turnover Analysis
IPI Stock | USD 19.73 0.03 0.15% |
Intrepid Potash financial indicator trend analysis is infinitely more than just investigating Intrepid Potash recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Intrepid Potash is a good investment. Please check the relationship between Intrepid Potash Net Income and its Inventory Turnover accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Intrepid Potash. 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. For more detail on how to invest in Intrepid Stock please use our How to Invest in Intrepid Potash guide.
Net Income vs Inventory Turnover
Net Income vs Inventory Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Intrepid Potash Net Income account and Inventory Turnover. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Intrepid Potash's Net Income and Inventory Turnover is 0.15. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of Intrepid Potash, assuming nothing else is changed. The correlation between historical values of Intrepid Potash's Net Income and Inventory 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 Net Income of Intrepid Potash are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Net Income i.e., Intrepid Potash's Net Income and Inventory Turnover go up and down completely randomly.
Correlation Coefficient | 0.15 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Intrepid Potash financial statement analysis. It represents the amount of money remaining after all of Intrepid Potash operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.Most indicators from Intrepid Potash's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Intrepid Potash 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 Intrepid Potash. 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. For more detail on how to invest in Intrepid Stock please use our How to Invest in Intrepid Potash guide.The Intrepid Potash's current Tax Provision is estimated to increase to about 4.3 M, while Selling General Administrative is projected to decrease to under 24.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.5M | 101K | 802K | 761.9K | Depreciation And Amortization | 33.5M | 43.7M | 41.5M | 41.7M |
Intrepid Potash fundamental ratios Correlations
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Intrepid Potash Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Intrepid Potash fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 578.4M | 550.2M | 766.9M | 794.2M | 768.5M | 765.4M | |
Short Long Term Debt Total | 73.6M | 56.9M | 1.9M | 2.2M | 2.2M | 2.1M | |
Other Current Liab | 19.4M | 32.8M | 28.9M | 26.2M | 33.6M | 28.2M | |
Total Current Liabilities | 87.4M | 67.2M | 73.4M | 48.9M | 46.5M | 52.9M | |
Total Stockholder Equity | 434.7M | 411.3M | 663.4M | 715.1M | 684.4M | 627.9M | |
Other Liab | 22.6M | 24.8M | 28.2M | 28.0M | 32.2M | 22.9M | |
Property Plant And Equipment Net | 378.5M | 355.5M | 341.1M | 375.6M | 358.2M | 417.8M | |
Net Debt | 53.0M | 37.4M | (34.6M) | (16.3M) | (1.9M) | (1.8M) | |
Accounts Payable | 10.0M | 7.3M | 9.1M | 18.6M | 12.8M | 11.3M | |
Cash | 20.6M | 19.5M | 36.5M | 18.5M | 4.1M | 3.9M | |
Non Current Assets Total | 433.1M | 414.4M | 610.0M | 622.5M | 616.5M | 590.1M | |
Non Currrent Assets Other | 35.4M | 39.7M | 40.2M | 32.1M | 57.4M | 30.8M | |
Other Assets | 35.4M | 58.9M | 249.7M | 211.5M | 190.3M | 110.6M | |
Long Term Debt | 49.6M | 29.8M | 44.7M | 4M | 3.6M | 3.4M | |
Cash And Short Term Investments | 20.6M | 19.5M | 36.5M | 24.5M | 7.0M | 6.7M | |
Net Receivables | 25.0M | 24.4M | 36.4M | 27.5M | 1.4M | 1.3M | |
Common Stock Shares Outstanding | 13.1M | 13.0M | 13.4M | 13.5M | 12.8M | 10.1M | |
Liabilities And Stockholders Equity | 578.4M | 550.2M | 766.9M | 794.2M | 768.5M | 765.4M | |
Non Current Liabilities Total | 56.3M | 71.7M | 30.1M | 30.2M | 37.6M | 61.5M | |
Inventory | 94.2M | 88.7M | 78.9M | 114.8M | 114.3M | 82.7M | |
Other Current Assets | 5.5M | 3.2M | 5.1M | 4.9M | 29.3M | 30.7M | |
Other Stockholder Equity | 653.0M | 656.8M | 659.1M | 638.6M | 643.6M | 589.7M | |
Total Liab | 143.8M | 138.9M | 103.5M | 79.1M | 84.0M | 137.5M | |
Property Plant And Equipment Gross | 378.5M | 355.5M | 629.6M | 375.6M | 709.9M | 459.0M | |
Total Current Assets | 145.3M | 135.8M | 156.9M | 171.7M | 151.9M | 175.3M | |
Short Term Debt | 39.8M | 10M | 1.7M | 1.6M | 2.3M | 2.2M | |
Property Plant Equipment | 406.1M | 384.4M | 341.1M | 24.8M | 28.5M | 27.1M | |
Retained Earnings | (218.4M) | (245.6M) | 4.2M | 76.5M | 40.8M | 30.5M | |
Common Stock Total Equity | 128K | 129K | 130K | 13K | 11.7K | 11.1K | |
Common Stock | 128K | 129K | 130K | 13K | 11.7K | 11.1K | |
Net Tangible Assets | 415.5M | 392.1M | 644.2M | 695.9M | 626.3M | 482.6M | |
Retained Earnings Total Equity | (218.4M) | (245.6M) | 4.2M | 76.5M | 68.8M | 72.3M | |
Capital Surpluse | 653.0M | 656.8M | 659.1M | 660.6M | 759.7M | 674.4M | |
Non Current Liabilities Other | 26.6M | 27.0M | 30.1M | 30.2M | 1.3M | 1.2M |
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 Intrepid Potash 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, Intrepid Potash's short interest history, or implied volatility extrapolated from Intrepid Potash options trading.
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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 Intrepid Potash. 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. For more detail on how to invest in Intrepid Stock please use our How to Invest in Intrepid Potash guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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Is Intrepid Potash'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 Intrepid Potash. If investors know Intrepid 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 Intrepid Potash 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 (0.81) | Earnings Share (2.80) | Revenue Per Share 18.072 | Quarterly Revenue Growth (0.19) | Return On Assets 0.0053 |
The market value of Intrepid Potash is measured differently than its book value, which is the value of Intrepid that is recorded on the company's balance sheet. Investors also form their own opinion of Intrepid Potash's value that differs from its market value or its book value, called intrinsic value, which is Intrepid Potash'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 Intrepid Potash's market value can be influenced by many factors that don't directly affect Intrepid Potash'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 Intrepid Potash's value and its price as these two are different measures arrived at by different means. Investors typically determine if Intrepid Potash is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Intrepid Potash'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.