Iteris Other Current Liab vs Good Will Analysis
ITI Stock | USD 4.53 0.05 1.12% |
Iteris financial indicator trend analysis is infinitely more than just investigating Iteris Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Iteris Inc is a good investment. Please check the relationship between Iteris Other Current Liab and its Good Will accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Iteris Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Other Current Liab vs Good Will
Other Current Liab vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Iteris Inc Other Current Liab account and Good Will. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Iteris' Other Current Liab and Good Will is 0.48. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Good Will in the same time period over historical financial statements of Iteris Inc, assuming nothing else is changed. The correlation between historical values of Iteris' Other Current Liab and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Iteris Inc are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Other Current Liab i.e., Iteris' Other Current Liab and Good Will go up and down completely randomly.
Correlation Coefficient | 0.48 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Other Current Liab
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Most indicators from Iteris' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Iteris Inc 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 Iteris Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. The Iteris' current Enterprise Value is estimated to increase to about 179.3 M, while Selling General Administrative is projected to decrease to under 19.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 47.4M | 42.0M | 48.3M | 31.8M | Total Revenue | 133.6M | 156.1M | 179.5M | 188.4M |
Iteris fundamental ratios Correlations
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Iteris Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Iteris fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 102.0M | 126.9M | 126.4M | 111.8M | 128.6M | 74.2M | |
Other Current Liab | 12.2M | 94K | 17.2M | 16.0M | 14.4M | 15.2M | |
Total Current Liabilities | 26.5M | 33.0M | 35.7M | 38.0M | 43.7M | 45.9M | |
Total Stockholder Equity | 63.1M | 79.0M | 76.9M | 62.9M | 72.3M | 38.6M | |
Property Plant And Equipment Net | 15.0M | 13.3M | 12.8M | 9.6M | 8.7M | 9.2M | |
Net Debt | (2.2M) | (15.1M) | (12.9M) | (8.9M) | (8.1M) | (7.6M) | |
Retained Earnings | (117.2M) | (107.0M) | (114.1M) | (130.6M) | (117.5M) | (111.6M) | |
Cash | 14.2M | 25.2M | 23.7M | 16.6M | 19.1M | 20.0M | |
Non Current Assets Total | 42.9M | 57.2M | 54.0M | 48.9M | 56.3M | 32.1M | |
Non Currrent Assets Other | 1.2M | 1.3M | 1.1M | 768K | 691.2K | 1.1M | |
Cash And Short Term Investments | 25.8M | 28.3M | 23.7M | 16.6M | 19.1M | 20.0M | |
Net Receivables | 27.9M | 30.6M | 36.5M | 32.2M | 37.0M | 20.3M | |
Common Stock Shares Outstanding | 39.0M | 41.6M | 42.2M | 42.4M | 48.7M | 51.2M | |
Liabilities And Stockholders Equity | 102.0M | 126.9M | 126.4M | 111.8M | 128.6M | 74.2M | |
Non Current Liabilities Total | 12.3M | 14.9M | 13.8M | 10.8M | 9.8M | 9.8M | |
Inventory | 3.0M | 5.1M | 8.0M | 10.8M | 9.8M | 7.2M | |
Other Current Assets | 2.3M | 5.7M | 4.2M | 3.3M | 3.8M | 2.7M | |
Other Stockholder Equity | 176.2M | 181.8M | 186.7M | 189.2M | 217.6M | 228.4M | |
Total Liab | 38.8M | 47.9M | 49.5M | 48.9M | 44.0M | 24.9M | |
Property Plant And Equipment Gross | 15.0M | 13.3M | 12.8M | 15.5M | 14.0M | 9.4M | |
Total Current Assets | 59.0M | 69.6M | 72.4M | 62.9M | 72.3M | 42.1M | |
Accounts Payable | 8.4M | 8.9M | 11.9M | 12.9M | 14.9M | 9.9M | |
Intangible Assets | 6.1M | 14.3M | 11.8M | 10.2M | 9.2M | 5.0M | |
Other Liab | 670K | 320K | 4.7M | 3.1M | 2.8M | 1.7M | |
Other Assets | 849K | 1.2M | 1.3M | 1.1M | 1.0M | 962.7K | |
Common Stock Total Equity | 3.3M | 4.1M | 4.2M | 4.2M | 4.9M | 3.2M | |
Common Stock | 4.1M | 4.2M | 4.2M | 4.3M | 4.9M | 3.3M | |
Property Plant Equipment | 2.0M | 1.9M | 1.9M | 12.8M | 11.5M | 12.1M | |
Current Deferred Revenue | 6.0M | 7.3M | 6.6M | 6.7M | 7.7M | 4.0M | |
Net Tangible Assets | 36.4M | 36.3M | 36.7M | 25.2M | 22.6M | 24.5M | |
Retained Earnings Total Equity | (111.5M) | (117.2M) | (107.0M) | (114.1M) | (102.7M) | (107.8M) | |
Capital Surpluse | 142.3M | 176.2M | 181.8M | 186.7M | 214.7M | 165.9M | |
Deferred Long Term Liab | 520K | 190K | 808K | 337K | 303.3K | 522.7K | |
Non Current Liabilities Other | 12.1M | 14.3M | 13.5M | 2.8M | 3.2M | 4.5M |
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Is Iteris' 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 Iteris. If investors know Iteris 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 Iteris 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 (0.96) | Earnings Share 0.06 | Revenue Per Share 4.019 | Quarterly Revenue Growth 0.035 | Return On Assets 0.0129 |
The market value of Iteris Inc is measured differently than its book value, which is the value of Iteris that is recorded on the company's balance sheet. Investors also form their own opinion of Iteris' value that differs from its market value or its book value, called intrinsic value, which is Iteris' 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 Iteris' market value can be influenced by many factors that don't directly affect Iteris' 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 Iteris' value and its price as these two are different measures arrived at by different means. Investors typically determine if Iteris is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Iteris' 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.