IRIDEX Net Tangible Assets vs Net Invested Capital Analysis

IRIX Stock

USD 2.87 0.09 3.04%

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

For more information on how to buy IRIDEX Stock please use our How to Invest in IRIDEX guide.

Net Tangible Assets vs Net Invested Capital

Net Tangible Assets vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of IRIDEX Net Tangible Assets account and Net Invested Capital. At this time, the significance of the direction appears to have strong relationship.

The correlation between IRIDEX's Net Tangible Assets and Net Invested Capital is 0.74. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of IRIDEX, assuming nothing else is changed. The correlation between historical values of IRIDEX's Net Tangible Assets and Net Invested Capital 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 Tangible Assets of IRIDEX are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Net Tangible Assets i.e., IRIDEX's Net Tangible Assets and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.74

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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

For more information on how to buy IRIDEX Stock please use our How to Invest in IRIDEX guide.Selling General Administrative is likely to drop to about 8.2 M in 2024. Discontinued Operations is likely to drop to about 375.2 K in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	22.8M	25.4M	21.5M	19.0M
Total Revenue	53.9M	57.0M	51.9M	40.7M

Gross Profit Total Revenue

IRIDEX fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Property Plant And Equipment Gross	Common Stock Total Equity	Intangible Assets	Common Stock	Other Assets	Property Plant Equipment
Total Assets		0.55	0.7	0.66	0.38	-0.72	-0.26	0.5	0.81	0.48	0.08	0.81	0.88	0.58	0.82	-0.15	0.64	0.47	0.96	0.53	0.08	0.51	0.31	0.55	0.1	0.09
Other Current Liab	0.55		0.8	0.06	0.68	-0.4	-0.67	0.48	0.56	0.15	0.21	0.56	0.66	0.68	0.28	-0.11	0.81	0.63	0.57	0.14	0.31	0.77	0.36	0.78	-0.27	0.59
Total Current Liabilities	0.7	0.8		0.09	0.71	-0.37	-0.77	0.72	0.53	0.32	0.46	0.53	0.79	0.93	0.53	0.02	0.93	0.8	0.68	0.37	0.38	0.85	0.63	0.89	-0.25	0.45
Total Stockholder Equity	0.66	0.06	0.09		-0.14	-0.79	0.48	-0.25	0.66	0.2	-0.54	0.65	0.43	0.0	0.56	-0.17	0.13	-0.35	0.67	0.53	-0.54	0.05	-0.35	-0.01	0.25	-0.39
Property Plant And Equipment Net	0.38	0.68	0.71	-0.14		-0.05	-0.76	0.57	0.25	0.32	0.19	0.25	0.68	0.81	0.22	-0.3	0.82	0.67	0.32	0.14	0.42	0.85	0.47	0.86	-0.22	0.52
Net Debt	-0.72	-0.4	-0.37	-0.79	-0.05		-0.14	0.06	-0.94	0.09	0.4	-0.93	-0.46	-0.21	-0.45	0.14	-0.39	0.02	-0.83	-0.35	0.42	-0.24	0.01	-0.25	0.24	0.0
Retained Earnings	-0.26	-0.67	-0.77	0.48	-0.76	-0.14		-0.78	-0.14	-0.14	-0.63	-0.16	-0.51	-0.8	-0.17	0.06	-0.75	-0.9	-0.25	-0.12	-0.67	-0.75	-0.63	-0.81	0.36	-0.56
Accounts Payable	0.5	0.48	0.72	-0.25	0.57	0.06	-0.78		0.17	0.42	0.74	0.19	0.65	0.64	0.56	-0.09	0.57	0.91	0.42	0.1	0.78	0.53	0.69	0.62	-0.09	0.31
Cash	0.81	0.56	0.53	0.66	0.25	-0.94	-0.14	0.17		-0.05	-0.25	1.0	0.59	0.37	0.5	-0.18	0.54	0.23	0.92	0.44	-0.19	0.38	0.09	0.41	-0.32	0.1
Non Current Assets Total	0.48	0.15	0.32	0.2	0.32	0.09	-0.14	0.42	-0.05		0.22	-0.05	0.56	0.4	0.45	-0.16	0.27	0.37	0.21	0.13	0.22	0.31	0.39	0.34	0.79	0.16
Non Currrent Assets Other	0.08	0.21	0.46	-0.54	0.19	0.4	-0.63	0.74	-0.25	0.22		-0.23	0.18	0.38	0.23	0.42	0.25	0.73	0.02	-0.14	0.7	0.19	0.65	0.28	-0.07	0.29
Cash And Short Term Investments	0.81	0.56	0.53	0.65	0.25	-0.93	-0.16	0.19	1.0	-0.05	-0.23		0.6	0.36	0.5	-0.18	0.53	0.25	0.92	0.44	-0.16	0.37	0.1	0.4	-0.32	0.1
Net Receivables	0.88	0.66	0.79	0.43	0.68	-0.46	-0.51	0.65	0.59	0.56	0.18	0.6		0.76	0.8	-0.35	0.8	0.6	0.79	0.45	0.29	0.77	0.35	0.78	0.11	0.22
Common Stock Shares Outstanding	0.58	0.68	0.93	0.0	0.81	-0.21	-0.8	0.64	0.37	0.4	0.38	0.36	0.76		0.43	-0.09	0.95	0.75	0.51	0.37	0.31	0.93	0.62	0.96	-0.16	0.48
Inventory	0.82	0.28	0.53	0.56	0.22	-0.45	-0.17	0.56	0.5	0.45	0.23	0.5	0.8	0.43		-0.24	0.47	0.35	0.76	0.51	0.22	0.37	0.17	0.37	0.17	-0.19
Other Current Assets	-0.15	-0.11	0.02	-0.17	-0.3	0.14	0.06	-0.09	-0.18	-0.16	0.42	-0.18	-0.35	-0.09	-0.24		-0.19	0.01	-0.11	-0.01	-0.06	-0.3	0.2	-0.27	-0.13	-0.01
Other Stockholder Equity	0.64	0.81	0.93	0.13	0.82	-0.39	-0.75	0.57	0.54	0.27	0.25	0.53	0.8	0.95	0.47	-0.19		0.68	0.62	0.38	0.25	0.96	0.5	0.97	-0.27	0.5
Total Liab	0.47	0.63	0.8	-0.35	0.67	0.02	-0.9	0.91	0.23	0.37	0.73	0.25	0.6	0.75	0.35	0.01	0.68		0.4	0.03	0.7	0.62	0.83	0.74	-0.18	0.6
Total Current Assets	0.96	0.57	0.68	0.67	0.32	-0.83	-0.25	0.42	0.92	0.21	0.02	0.92	0.79	0.51	0.76	-0.11	0.62	0.4		0.55	0.02	0.47	0.22	0.5	-0.14	0.05
Short Long Term Debt Total	0.53	0.14	0.37	0.53	0.14	-0.35	-0.12	0.1	0.44	0.13	-0.14	0.44	0.45	0.37	0.51	-0.01	0.38	0.03	0.55		-0.01	0.33	-0.23	0.24	0.05	-0.35
Property Plant And Equipment Gross	0.08	0.31	0.38	-0.54	0.42	0.42	-0.67	0.78	-0.19	0.22	0.7	-0.16	0.29	0.31	0.22	-0.06	0.25	0.7	0.02	-0.01		0.3	0.4	0.31	-0.06	0.29
Common Stock Total Equity	0.51	0.77	0.85	0.05	0.85	-0.24	-0.75	0.53	0.38	0.31	0.19	0.37	0.77	0.93	0.37	-0.3	0.96	0.62	0.47	0.33	0.3		0.41	0.97	-0.18	0.51
Intangible Assets	0.31	0.36	0.63	-0.35	0.47	0.01	-0.63	0.69	0.09	0.39	0.65	0.1	0.35	0.62	0.17	0.2	0.5	0.83	0.22	-0.23	0.4	0.41		0.57	-0.12	0.68
Common Stock	0.55	0.78	0.89	-0.01	0.86	-0.25	-0.81	0.62	0.41	0.34	0.28	0.4	0.78	0.96	0.37	-0.27	0.97	0.74	0.5	0.24	0.31	0.97	0.57		-0.2	0.59
Other Assets	0.1	-0.27	-0.25	0.25	-0.22	0.24	0.36	-0.09	-0.32	0.79	-0.07	-0.32	0.11	-0.16	0.17	-0.13	-0.27	-0.18	-0.14	0.05	-0.06	-0.18	-0.12	-0.2		-0.18
Property Plant Equipment	0.09	0.59	0.45	-0.39	0.52	0.0	-0.56	0.31	0.1	0.16	0.29	0.1	0.22	0.48	-0.19	-0.01	0.5	0.6	0.05	-0.35	0.29	0.51	0.68	0.59	-0.18

Click cells to compare fundamentals

IRIDEX Account Relationship Matchups

IRIDEX fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	34.8M	28.0M	48.7M	42.3M	34.4M	38.2M
Other Current Liab	4.3M	3.9M	6.0M	5.1M	5.1M	4.4M
Total Current Liabilities	9.8M	8.7M	12.6M	12.5M	13.0M	9.3M
Total Stockholder Equity	22.7M	17.4M	23.3M	17.2M	9.5M	9.0M
Property Plant And Equipment Net	3.5M	1.9M	3.0M	2.1M	3.0M	1.5M
Net Debt	(9.4M)	(7.4M)	(21.2M)	(12.2M)	(4.3M)	(4.5M)
Retained Earnings	(50.6M)	(56.9M)	(62.2M)	(69.7M)	(79.0M)	(75.1M)
Accounts Payable	2.6M	1.1M	3.4M	3.9M	4.5M	4.7M
Cash	12.7M	11.6M	23.9M	13.9M	7.0M	12.7M
Non Current Assets Total	4.3M	2.6M	6.4M	6.5M	7.0M	4.4M
Non Currrent Assets Other	151K	132K	271K	1.5M	1.4M	1.5M
Cash And Short Term Investments	12.7M	11.6M	23.9M	13.9M	7.0M	13.9M
Net Receivables	9.3M	7.3M	9.7M	9.8M	9.7M	8.4M
Common Stock Shares Outstanding	13.7M	13.8M	15.4M	15.9M	16.1M	10.5M
Liabilities And Stockholders Equity	34.8M	28.0M	48.7M	42.3M	34.4M	38.2M
Inventory	8.2M	5.7M	7.6M	10.6M	9.9M	9.6M
Other Current Assets	401K	730K	1.1M	1.5M	856K	1.3M
Other Stockholder Equity	73.1M	74.2M	85.3M	86.8M	88.4M	47.7M
Total Liab	12.1M	10.6M	25.4M	25.1M	24.9M	26.2M
Total Current Assets	30.6M	25.4M	42.3M	35.8M	27.5M	33.8M
Property Plant And Equipment Gross	3.5M	449K	3.0M	2.1M	16.7M	17.6M
Accumulated Other Comprehensive Income	80K	(19K)	45K	(24K)	(52K)	(54.6K)
Common Stock Total Equity	126K	145K	147K	148K	170.2K	105.1K
Intangible Assets	84K	68K	2.2M	2.0M	1.6M	843.2K
Common Stock	147K	148K	168K	169K	172K	114.4K
Other Assets	151K	1.6M	271K	1.5M	1.7M	1.6M
Property Plant Equipment	730K	1.9M	3.0M	2.1M	2.4M	1.3M
Current Deferred Revenue	1.5M	938K	2.4M	2.4M	2.4M	1.9M
Non Current Liabilities Total	2.3M	1.9M	12.7M	12.6M	11.9M	12.5M
Short Term Debt	1.4M	2.7M	927K	1.0M	995K	945.3K
Other Liab	535K	392K	11.0M	11.9M	13.7M	14.3M
Net Tangible Assets	22.1M	16.8M	20.1M	14.3M	12.9M	20.2M
Retained Earnings Total Equity	(29.0M)	(41.8M)	(50.6M)	(56.9M)	(51.2M)	(48.7M)
Capital Surpluse	59.4M	71.5M	73.1M	74.2M	85.3M	58.5M
Non Current Liabilities Other	2.3M	22K	25K	26K	23.4K	22.2K
Net Invested Capital	22.7M	19.9M	23.3M	17.2M	9.5M	17.5M
Net Working Capital	20.8M	16.7M	29.6M	23.3M	14.5M	18.6M
Capital Stock	147K	148K	168K	169K	172K	174.0K

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

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

How To Invest In IRIDEX

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Is IRIDEX Stock a good investment?

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What is IRIDEX'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 IRIDEX. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy IRIDEX Stock please use our How to Invest in IRIDEX guide.

You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

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

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Is IRIDEX'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 IRIDEX. If investors know IRIDEX 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 IRIDEX listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.59)

Revenue Per Share

3.216

Quarterly Revenue Growth

(0.18)

Return On Assets

(0.16)

Return On Equity

(0.72)

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

Net Tangible Assets vs Net Invested Capital

Net Tangible Assets vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Net Invested Capital

IRIDEX fundamental ratios Correlations

IRIDEX Account Relationship Matchups

High Positive Relationship

High Negative Relationship

IRIDEX fundamental ratios Accounts

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

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 0.97	Other Stockholder Equity
Common Stock	+ 0.97	Common Stock Total Equity
Total Current Assets	+ 0.96	Total Assets
Common Stock	+ 0.96	Common Stock Shares Outstanding
Common Stock Total Equity	+ 0.96	Other Stockholder Equity

Cash	- 0.94	Net Debt
Cash And Short Term Investments	- 0.93	Net Debt
Total Liab	- 0.9	Retained Earnings
Total Current Assets	- 0.83	Net Debt
Common Stock	- 0.81	Retained Earnings
Common Stock Shares Outstanding	- 0.8	Retained Earnings