NovaBay Property Plant And Equipment Net vs Total Assets Analysis

NBY Stock

USD 3.44 0.21 5.75%

NovaBay Pharmaceuticals financial indicator trend analysis is infinitely more than just investigating NovaBay Pharmaceuticals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NovaBay Pharmaceuticals is a good investment. Please check the relationship between NovaBay Pharmaceuticals Property Plant And Equipment Net and its Total Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NovaBay Pharmaceuticals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

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

Property Plant And Equipment Net vs Total Assets

Property Plant And Equipment Net vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NovaBay Pharmaceuticals Property Plant And Equipment Net account and Total Assets. At this time, the significance of the direction appears to have weak relationship.

The correlation between NovaBay Pharmaceuticals' Property Plant And Equipment Net and Total Assets is 0.33. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Total Assets in the same time period over historical financial statements of NovaBay Pharmaceuticals, assuming nothing else is changed. The correlation between historical values of NovaBay Pharmaceuticals' Property Plant And Equipment Net and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of NovaBay Pharmaceuticals are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Property Plant And Equipment Net i.e., NovaBay Pharmaceuticals' Property Plant And Equipment Net and Total Assets go up and down completely randomly.

Correlation Coefficient

0.33

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Total Assets

Total assets refers to the total amount of NovaBay Pharmaceuticals assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in NovaBay Pharmaceuticals books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from NovaBay Pharmaceuticals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NovaBay Pharmaceuticals 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NovaBay Pharmaceuticals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy NovaBay Stock please use our How to Invest in NovaBay Pharmaceuticals guide.Selling General Administrative is likely to rise to about 7.5 M in 2024, whereas Tax Provision is likely to drop 0.00 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	5.6M	7.8M	7.9M	8.1M
Total Revenue	8.4M	14.4M	14.7M	10.0M

Gross Profit Total Revenue

NovaBay Pharmaceuticals fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Assets	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Total Equity	Other Current Assets	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Property Plant Equipment	Other Liab	Current Deferred Revenue	Non Current Liabilities Total	Short Long Term Debt Total	Short Term Debt
Total Assets		0.83	-0.37	0.1	0.34	0.45	0.16	0.17	0.33	-0.61	-0.25	-0.16	0.73	0.64	0.63	0.5	0.0	0.37	0.87	0.59	0.3	0.23	-0.11	0.12	-0.19	-0.05
Total Stockholder Equity	0.83		-0.11	0.02	0.13	-0.11	0.02	-0.2	0.28	-0.76	-0.04	-0.4	0.79	0.34	0.74	0.54	0.02	0.29	0.88	0.62	0.33	0.2	0.06	-0.21	-0.29	-0.24
Other Assets	-0.37	-0.11		0.13	0.05	-0.49	-0.49	-0.45	-0.23	0.25	-0.09	-0.56	-0.31	-0.02	-0.38	-0.33	-0.66	-0.15	-0.39	-0.3	-0.18	0.38	0.55	0.07	-0.07	-0.48
Common Stock Shares Outstanding	0.1	0.02	0.13		0.76	0.04	-0.5	0.23	0.45	0.48	-0.75	0.0	-0.2	0.23	-0.39	0.29	-0.17	0.56	-0.15	-0.17	0.73	0.79	-0.07	-0.2	-0.04	0.12
Other Stockholder Equity	0.34	0.13	0.05	0.76		0.34	-0.13	0.59	0.39	0.31	-0.99	0.04	-0.07	0.44	-0.34	0.33	-0.32	0.51	0.03	0.12	0.46	0.64	-0.06	-0.24	0.18	-0.03
Total Liab	0.45	-0.11	-0.49	0.04	0.34		0.31	0.63	0.12	0.06	-0.34	0.37	0.05	0.6	-0.03	0.05	-0.02	0.2	0.16	0.1	-0.06	0.03	-0.29	0.57	0.15	0.26
Other Current Liab	0.16	0.02	-0.49	-0.5	-0.13	0.31		0.44	-0.27	-0.45	0.14	0.32	0.36	-0.26	0.35	-0.15	0.31	-0.36	0.37	0.04	-0.34	-0.52	-0.22	-0.14	0.26	-0.04
Total Current Liabilities	0.17	-0.2	-0.45	0.23	0.59	0.63	0.44		0.32	0.24	-0.61	0.25	-0.06	0.09	-0.19	0.06	0.04	0.29	0.06	0.0	0.08	-0.08	-0.18	-0.19	0.65	0.35
Property Plant And Equipment Net	0.33	0.28	-0.23	0.45	0.39	0.12	-0.27	0.32		0.14	-0.37	-0.04	0.1	0.27	0.13	0.45	-0.13	0.95	0.21	0.38	0.75	0.44	-0.17	-0.19	0.02	0.45
Net Debt	-0.61	-0.76	0.25	0.48	0.31	0.06	-0.45	0.24	0.14		-0.39	0.22	-0.91	0.0	-0.93	-0.35	-0.29	0.21	-0.86	-0.49	0.19	0.27	0.16	0.08	0.24	0.12
Retained Earnings	-0.25	-0.04	-0.09	-0.75	-0.99	-0.34	0.14	-0.61	-0.37	-0.39		-0.06	0.16	-0.43	0.42	-0.29	0.35	-0.51	0.06	-0.08	-0.42	-0.63	0.05	0.21	-0.22	0.03
Accounts Payable	-0.16	-0.4	-0.56	0.0	0.04	0.37	0.32	0.25	-0.04	0.22	-0.06		-0.24	0.05	-0.23	0.18	0.48	0.03	-0.29	0.14	0.09	-0.04	-0.65	0.13	-0.22	0.24
Cash	0.73	0.79	-0.31	-0.2	-0.07	0.05	0.36	-0.06	0.1	-0.91	0.16	-0.24		0.05	0.92	0.45	0.19	0.0	0.91	0.49	0.01	-0.04	-0.32	-0.13	-0.25	0.14
Non Current Assets Total	0.64	0.34	-0.02	0.23	0.44	0.6	-0.26	0.09	0.27	0.0	-0.43	0.05	0.05		-0.03	0.34	-0.34	0.49	0.21	0.46	0.23	0.49	0.02	0.57	-0.29	-0.18
Cash And Short Term Investments	0.63	0.74	-0.38	-0.39	-0.34	-0.03	0.35	-0.19	0.13	-0.93	0.42	-0.23	0.92	-0.03		0.37	0.29	0.0	0.89	0.45	-0.01	-0.22	-0.27	-0.08	-0.25	0.16
Common Stock Total Equity	0.5	0.54	-0.33	0.29	0.33	0.05	-0.15	0.06	0.45	-0.35	-0.29	0.18	0.45	0.34	0.37		0.4	0.52	0.42	0.76	0.42	0.33	-0.48	-0.25	-0.3	0.24
Other Current Assets	0.0	0.02	-0.66	-0.17	-0.32	-0.02	0.31	0.04	-0.13	-0.29	0.35	0.48	0.19	-0.34	0.29	0.4		-0.19	0.18	0.19	0.04	-0.45	-0.38	-0.24	0.02	0.24
Property Plant And Equipment Gross	0.37	0.29	-0.15	0.56	0.51	0.2	-0.36	0.29	0.95	0.21	-0.51	0.03	0.0	0.49	0.0	0.52	-0.19		0.15	0.4	0.78	0.59	-0.12	-0.07	-0.05	0.28
Total Current Assets	0.87	0.88	-0.39	-0.15	0.03	0.16	0.37	0.06	0.21	-0.86	0.06	-0.29	0.91	0.21	0.89	0.42	0.18	0.15		0.51	0.15	-0.07	-0.1	-0.14	-0.08	-0.02
Common Stock	0.59	0.62	-0.3	-0.17	0.12	0.1	0.04	0.0	0.38	-0.49	-0.08	0.14	0.49	0.46	0.45	0.76	0.19	0.4	0.51		0.19	0.09	-0.28	-0.08	-0.31	0.02
Property Plant Equipment	0.3	0.33	-0.18	0.73	0.46	-0.06	-0.34	0.08	0.75	0.19	-0.42	0.09	0.01	0.23	-0.01	0.42	0.04	0.78	0.15	0.19		0.64	-0.08	-0.28	-0.22	0.1
Other Liab	0.23	0.2	0.38	0.79	0.64	0.03	-0.52	-0.08	0.44	0.27	-0.63	-0.04	-0.04	0.49	-0.22	0.33	-0.45	0.59	-0.07	0.09	0.64		-0.11	0.09	-0.46	-0.06
Current Deferred Revenue	-0.11	0.06	0.55	-0.07	-0.06	-0.29	-0.22	-0.18	-0.17	0.16	0.05	-0.65	-0.32	0.02	-0.27	-0.48	-0.38	-0.12	-0.1	-0.28	-0.08	-0.11		-0.01	0.41	-0.67
Non Current Liabilities Total	0.12	-0.21	0.07	-0.2	-0.24	0.57	-0.14	-0.19	-0.19	0.08	0.21	0.13	-0.13	0.57	-0.08	-0.25	-0.24	-0.07	-0.14	-0.08	-0.28	0.09	-0.01		-0.3	0.0
Short Long Term Debt Total	-0.19	-0.29	-0.07	-0.04	0.18	0.15	0.26	0.65	0.02	0.24	-0.22	-0.22	-0.25	-0.29	-0.25	-0.3	0.02	-0.05	-0.08	-0.31	-0.22	-0.46	0.41	-0.3		0.03
Short Term Debt	-0.05	-0.24	-0.48	0.12	-0.03	0.26	-0.04	0.35	0.45	0.12	0.03	0.24	0.14	-0.18	0.16	0.24	0.24	0.28	-0.02	0.02	0.1	-0.06	-0.67	0.0	0.03

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NovaBay Pharmaceuticals Account Relationship Matchups

NovaBay Pharmaceuticals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.2M	15.2M	24.0M	16.4M	9.0M	14.4M
Total Stockholder Equity	973K	12.3M	10.2M	10.6M	3.3M	5.3M
Other Assets	477K	912K	476K	489K	562.4K	461.6K
Common Stock Shares Outstanding	618.3K	1.0M	1.2M	1.6M	4.2M	4.4M
Liabilities And Stockholders Equity	11.2M	15.2M	24.0M	16.4M	9.0M	14.4M
Other Stockholder Equity	125.7M	148.0M	150.9M	165.1M	176.4M	185.2M
Total Liab	10.2M	2.9M	13.8M	5.8M	5.7M	7.1M
Other Current Liab	993K	1.4M	803K	917K	570K	541.5K
Total Current Liabilities	5.7M	2.8M	3.4M	4.3M	4.3M	4.1M
Property Plant And Equipment Net	1.4M	520K	604K	2.0M	1.4M	1.0M
Net Debt	(2.9M)	(11.4M)	(7.0M)	(3.3M)	(390K)	(409.5K)
Retained Earnings	(125.0M)	(136.1M)	(141.9M)	(158.2M)	(174.8M)	(166.1M)
Accounts Payable	331K	302K	1.0M	1.1M	1.1M	812.7K
Cash	6.9M	12.0M	7.5M	5.4M	3.1M	6.0M
Non Current Assets Total	1.8M	996K	10.8M	5.1M	1.9M	2.0M
Cash And Short Term Investments	6.9M	12.0M	7.5M	5.4M	3.1M	3.0M
Common Stock Total Equity	154K	171K	279K	418K	480.7K	263.6K
Other Current Assets	105K	102K	144K	113K	388K	271.6K
Property Plant And Equipment Gross	1.4M	520K	1.2M	2.6M	2.1M	1.1M
Total Current Assets	9.4M	14.2M	13.2M	11.3M	7.2M	9.5M
Accumulated Other Comprehensive Income	(243K)	(509K)	(560K)	(275K)	(247.5K)	(259.9K)
Common Stock	279K	418K	478K	652K	112K	106.4K
Property Plant Equipment	110K	520K	604K	2.0M	1.8M	1.8M
Other Liab	2.5M	560K	4.1M	10.1M	11.6M	12.2M
Current Deferred Revenue	822K	730K	1.3M	1.8M	946K	1.2M
Non Current Liabilities Total	4.6M	87K	10.4M	1.6M	1.4M	2.6M
Short Term Debt	3.5M	416K	305K	453K	1.6M	1.7M
Non Currrent Assets Other	77K	2K	476K	489K	21K	20.0K
Net Receivables	1.1M	1.1M	1.7M	2.0M	759K	721.1K
Net Tangible Assets	5.0M	973K	12.3M	(237K)	(213.3K)	(202.6K)
Retained Earnings Total Equity	(111.1M)	(115.0M)	(125.0M)	(136.1M)	(122.5M)	(116.3M)
Capital Surpluse	125.7M	148.0M	150.9M	165.1M	189.8M	118.8M
Inventory	492K	608K	3.2M	3.4M	2.9M	3.0M
Non Current Liabilities Other	198K	4.6M	561K	334K	300.6K	285.6K

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

How To Invest In NovaBay

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Is NovaBay Stock a good investment?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NovaBay Pharmaceuticals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

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

Note that the NovaBay Pharmaceuticals information on this page should be used as a complementary analysis to other NovaBay Pharmaceuticals' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.

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

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

Earnings Share

(120.40)

Revenue Per Share

1.521

Quarterly Revenue Growth

(0.16)

Return On Assets

(0.32)

Return On Equity

(2.52)

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

Property Plant And Equipment Net vs Total Assets

Property Plant And Equipment Net vs Total Assets Correlation Analysis

Correlation Coefficient

Property Plant And Equipment Net

Total Assets

NovaBay Pharmaceuticals fundamental ratios Correlations

NovaBay Pharmaceuticals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NovaBay Pharmaceuticals fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 0.95	Property Plant And Equipment Net
Cash And Short Term Investments	+ 0.92	Cash
Total Current Assets	+ 0.91	Cash
Total Current Assets	+ 0.89	Cash And Short Term Investments
Total Current Assets	+ 0.88	Total Stockholder Equity
Total Current Assets	+ 0.87	Total Assets

Retained Earnings	- 0.99	Other Stockholder Equity
Cash And Short Term Investments	- 0.93	Net Debt
Cash	- 0.91	Net Debt
Total Current Assets	- 0.86	Net Debt
Net Debt	- 0.76	Total Stockholder Equity
Retained Earnings	- 0.75	Common Stock Shares Outstanding