Neonode Total Current Assets vs Retained Earnings Analysis
| NEON Stock | USD 2.08 0.07 3.26% |
Neonode financial indicator trend analysis is infinitely more than just investigating Neonode recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Neonode is a good investment. Please check the relationship between Neonode Total Current Assets and its Retained Earnings accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neonode. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Neonode Stock, please use our How to Invest in Neonode guide.
Total Current Assets vs Retained Earnings
Total Current Assets vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Neonode Total Current Assets account and Retained Earnings. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Neonode's Total Current Assets and Retained Earnings is -0.57. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Neonode, assuming nothing else is changed. The correlation between historical values of Neonode's Total Current Assets and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Neonode are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Current Assets i.e., Neonode's Total Current Assets and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.57 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from Neonode's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Neonode 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 Neonode. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Neonode Stock, please use our How to Invest in Neonode guide.At this time, Neonode's Selling General Administrative is very stable compared to the past year. As of the 4th of May 2024, Enterprise Value is likely to grow to about 95.9 M, while Tax Provision is likely to drop about 78.8 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 12.0M | 10.2M | 10.5M | 12.3M | Cost Of Revenue | 955K | 804K | 4.7M | 3.8M |
Neonode fundamental ratios Correlations
Click cells to compare fundamentals
Neonode Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Neonode fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 7.4M | 16.6M | 23.0M | 21.2M | 19.0M | 11.8M | |
| Other Current Liab | 1.5M | 1.7M | 1.4M | 1.2M | 1.3M | 1.5M | |
| Total Current Liabilities | 3.0M | 4.2M | 3.0M | 1.7M | 1.8M | 3.4M | |
| Total Stockholder Equity | 6.4M | 15.1M | 23.9M | 19.4M | 17.2M | 18.0M | |
| Property Plant And Equipment Net | 2.0M | 1.9M | 960K | 400K | 394K | 374.3K | |
| Net Debt | (891K) | (8.7M) | (16.5M) | (14.6M) | (16.0M) | (15.2M) | |
| Retained Earnings | (190.5M) | (196.2M) | (202.6M) | (207.5M) | (217.6M) | (206.7M) | |
| Cash | 2.4M | 10.5M | 17.4M | 14.8M | 16.2M | 17.0M | |
| Non Current Assets Total | 2.7M | 2.0M | 1.9M | 960K | 394.0K | 374.3K | |
| Non Currrent Assets Other | (2.0M) | (1.9M) | (960K) | (400K) | (1.0) | (0.95) | |
| Cash And Short Term Investments | 2.4M | 10.5M | 17.4M | 14.8M | 16.2M | 17.0M | |
| Net Receivables | 1.3M | 2.2M | 1.3M | 1.4M | 1.3M | 1.5M | |
| Common Stock Shares Outstanding | 8.8M | 10.0M | 11.9M | 13.6M | 15.3M | 16.1M | |
| Liabilities And Stockholders Equity | 7.4M | 16.6M | 23.0M | 21.2M | 19.0M | 11.8M | |
| Non Current Liabilities Total | 566K | 472K | 182K | 81K | 19.0K | 18.0K | |
| Inventory | 1.0M | 1.3M | 2.5M | 3.8M | 610K | 579.5K | |
| Other Current Assets | 723K | 203K | 836K | 707K | 528.0K | 509.2K | |
| Other Stockholder Equity | 197.5M | 211.7M | 226.9M | 227.2M | 235.2M | 246.9M | |
| Total Liab | 3.6M | 4.7M | 3.2M | 1.8M | 1.9M | 1.8M | |
| Total Current Assets | 5.4M | 14.7M | 22.0M | 20.8M | 18.6M | 19.6M | |
| Short Long Term Debt Total | 1.5M | 1.7M | 865K | 259K | 106K | 100.7K | |
| Short Term Debt | 900K | 1.3M | 683K | 178K | 87K | 82.7K | |
| Accounts Payable | 555K | 1.1M | 776K | 334K | 440K | 674.7K | |
| Accumulated Other Comprehensive Income | (639K) | (404K) | (408K) | (340K) | (396K) | (415.8K) | |
| Current Deferred Revenue | 67K | 138K | 106K | 36K | 10K | 9.5K | |
| Property Plant And Equipment Gross | 2.0M | 1.9M | 960K | 400K | 4.3M | 4.5M | |
| Property Plant Equipment | 1.6M | 1.0M | 960K | 282K | 324.3K | 308.1K | |
| Net Tangible Assets | 6.4M | 15.1M | 23.9M | 19.4M | 22.3M | 11.3M | |
| Noncontrolling Interest In Consolidated Entity | (1.2M) | (2.0M) | (2.5M) | (3.2M) | (2.9M) | (2.8M) | |
| Retained Earnings Total Equity | (185.2M) | (190.5M) | (196.2M) | (207.5M) | (186.7M) | (196.1M) | |
| Capital Surpluse | 197.5M | 197.5M | 211.7M | 227.2M | 261.3M | 200.3M | |
| Capital Lease Obligations | 1.5M | 1.7M | 865K | 259K | 106K | 100.7K |
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 Neonode 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, Neonode's short interest history, or implied volatility extrapolated from Neonode options trading.
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Is Neonode'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 Neonode. If investors know Neonode 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 Neonode listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.66) | Revenue Per Share 0.29 | Quarterly Revenue Growth (0.47) | Return On Assets (0.33) | Return On Equity (0.55) |
The market value of Neonode is measured differently than its book value, which is the value of Neonode that is recorded on the company's balance sheet. Investors also form their own opinion of Neonode's value that differs from its market value or its book value, called intrinsic value, which is Neonode'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 Neonode's market value can be influenced by many factors that don't directly affect Neonode'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 Neonode's value and its price as these two are different measures arrived at by different means. Investors typically determine if Neonode is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Neonode'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.