Northern Invested Capital vs Inventory Turnover Analysis

NTIC Stock

USD 15.48 0.59 3.96%

Northern Technologies financial indicator trend analysis is infinitely more than just investigating Northern Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northern Technologies is a good investment. Please check the relationship between Northern Technologies Invested Capital and its Inventory Turnover accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Technologies. 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 information on how to trade Northern Stock refer to our How to Trade Northern Stock guide.

Invested Capital vs Inventory Turnover

Invested Capital vs Inventory Turnover Correlation Analysis

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

The correlation between Northern Technologies' Invested Capital and Inventory Turnover is 0.73. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of Northern Technologies, assuming nothing else is changed. The correlation between historical values of Northern Technologies' Invested Capital 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 Invested Capital of Northern Technologies 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 Invested Capital i.e., Northern Technologies' Invested Capital and Inventory Turnover go up and down completely randomly.

Correlation Coefficient

0.73

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to Northern Technologies. There are two different methods for calculating Northern Technologies invested capital: operating approach and financing approach. Understanding Northern Technologies invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

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 Northern Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northern Technologies 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 Northern Technologies. 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 information on how to trade Northern Stock refer to our How to Trade Northern Stock guide.At present, Northern Technologies' Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 16.34, whereas Tax Provision is forecasted to decline to about 1.4 M.

	2021	2022	2023	2024 (projected)
Gross Profit	23.1M	29.1M	33.4M	35.1M
Total Revenue	74.2M	86.4M	99.3M	104.3M

Gross Profit Total Revenue

Northern Technologies 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	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock	Other Liab	Other Assets	Property Plant Equipment
Total Assets		-0.65	0.92	0.99	0.97	0.36	0.98	0.93	0.54	0.98	0.15	0.28	0.96	0.75	0.51	0.96	0.71	0.99	0.9	0.98	0.96	0.6	0.61	0.77	-0.59	0.96
Other Current Liab	-0.65		-0.77	-0.56	-0.74	-0.71	-0.53	-0.61	-0.07	-0.67	-0.6	0.23	-0.74	-0.53	-0.42	-0.55	-0.98	-0.71	-0.78	-0.6	-0.75	-0.38	-0.41	-0.26	0.58	-0.65
Total Current Liabilities	0.92	-0.77		0.85	0.94	0.64	0.85	0.97	0.36	0.9	0.09	-0.01	0.97	0.71	0.58	0.92	0.82	0.93	1.0	0.91	0.95	0.62	0.63	0.5	-0.7	0.92
Total Stockholder Equity	0.99	-0.56	0.85		0.93	0.22	1.0	0.89	0.6	0.97	0.16	0.4	0.92	0.74	0.46	0.94	0.63	0.97	0.83	0.97	0.92	0.58	0.59	0.83	-0.52	0.93
Property Plant And Equipment Net	0.97	-0.74	0.94	0.93		0.47	0.92	0.92	0.47	0.96	0.2	0.12	0.97	0.77	0.44	0.93	0.79	0.98	0.93	0.94	1.0	0.6	0.62	0.64	-0.68	0.99
Net Debt	0.36	-0.71	0.64	0.22	0.47		0.22	0.5	-0.38	0.4	0.03	-0.62	0.49	0.28	0.31	0.37	0.69	0.4	0.67	0.3	0.49	0.15	0.17	-0.03	-0.5	0.4
Retained Earnings	0.98	-0.53	0.85	1.0	0.92	0.22		0.9	0.6	0.96	0.12	0.41	0.92	0.73	0.48	0.95	0.61	0.96	0.82	0.97	0.91	0.58	0.59	0.83	-0.49	0.92
Accounts Payable	0.93	-0.61	0.97	0.89	0.92	0.5	0.9		0.46	0.89	-0.07	0.12	0.96	0.71	0.6	0.97	0.67	0.93	0.96	0.94	0.92	0.66	0.68	0.57	-0.62	0.92
Cash	0.54	-0.07	0.36	0.6	0.47	-0.38	0.6	0.46		0.48	-0.03	0.67	0.46	0.58	0.26	0.55	0.09	0.52	0.34	0.59	0.45	0.69	0.69	0.52	-0.32	0.51
Non Current Assets Total	0.98	-0.67	0.9	0.97	0.96	0.4	0.96	0.89	0.48		0.18	0.19	0.93	0.74	0.47	0.91	0.73	0.97	0.89	0.92	0.95	0.51	0.53	0.81	-0.58	0.94
Non Currrent Assets Other	0.15	-0.6	0.09	0.16	0.2	0.03	0.12	-0.07	-0.03	0.18		0.0	0.2	0.17	0.07	-0.05	0.58	0.22	0.09	0.11	0.2	-0.05	-0.03	0.11	-0.03	0.12
Cash And Short Term Investments	0.28	0.23	-0.01	0.4	0.12	-0.62	0.41	0.12	0.67	0.19	0.0		0.12	0.21	0.03	0.28	-0.2	0.24	-0.06	0.37	0.1	0.33	0.32	0.47	0.1	0.15
Net Receivables	0.96	-0.74	0.97	0.92	0.97	0.49	0.92	0.96	0.46	0.93	0.2	0.12		0.75	0.57	0.93	0.81	0.97	0.96	0.96	0.97	0.63	0.65	0.59	-0.64	0.95
Common Stock Shares Outstanding	0.75	-0.53	0.71	0.74	0.77	0.28	0.73	0.71	0.58	0.74	0.17	0.21	0.75		0.37	0.71	0.58	0.75	0.69	0.73	0.76	0.7	0.71	0.52	-0.48	0.77
Non Current Liabilities Total	0.51	-0.42	0.58	0.46	0.44	0.31	0.48	0.6	0.26	0.47	0.07	0.03	0.57	0.37		0.52	0.45	0.49	0.58	0.53	0.44	0.55	0.56	0.25	-0.24	0.41
Inventory	0.96	-0.55	0.92	0.94	0.93	0.37	0.95	0.97	0.55	0.91	-0.05	0.28	0.93	0.71	0.52		0.61	0.95	0.9	0.97	0.93	0.69	0.71	0.65	-0.62	0.94
Other Current Assets	0.71	-0.98	0.82	0.63	0.79	0.69	0.61	0.67	0.09	0.73	0.58	-0.2	0.81	0.58	0.45	0.61		0.77	0.83	0.66	0.81	0.37	0.4	0.32	-0.58	0.72
Other Stockholder Equity	0.99	-0.71	0.93	0.97	0.98	0.4	0.96	0.93	0.52	0.97	0.22	0.24	0.97	0.75	0.49	0.95	0.77		0.92	0.97	0.98	0.63	0.65	0.7	-0.65	0.97
Total Liab	0.9	-0.78	1.0	0.83	0.93	0.67	0.82	0.96	0.34	0.89	0.09	-0.06	0.96	0.69	0.58	0.9	0.83	0.92		0.89	0.94	0.6	0.62	0.49	-0.71	0.9
Total Current Assets	0.98	-0.6	0.91	0.97	0.94	0.3	0.97	0.94	0.59	0.92	0.11	0.37	0.96	0.73	0.53	0.97	0.66	0.97	0.89		0.93	0.67	0.68	0.69	-0.58	0.93
Property Plant And Equipment Gross	0.96	-0.75	0.95	0.92	1.0	0.49	0.91	0.92	0.45	0.95	0.2	0.1	0.97	0.76	0.44	0.93	0.81	0.98	0.94	0.93		0.6	0.62	0.61	-0.69	0.99
Common Stock Total Equity	0.6	-0.38	0.62	0.58	0.6	0.15	0.58	0.66	0.69	0.51	-0.05	0.33	0.63	0.7	0.55	0.69	0.37	0.63	0.6	0.67	0.6		1.0	0.21	-0.67	0.61
Common Stock	0.61	-0.41	0.63	0.59	0.62	0.17	0.59	0.68	0.69	0.53	-0.03	0.32	0.65	0.71	0.56	0.71	0.4	0.65	0.62	0.68	0.62	1.0		0.22	-0.68	0.62
Other Liab	0.77	-0.26	0.5	0.83	0.64	-0.03	0.83	0.57	0.52	0.81	0.11	0.47	0.59	0.52	0.25	0.65	0.32	0.7	0.49	0.69	0.61	0.21	0.22		-0.16	0.65
Other Assets	-0.59	0.58	-0.7	-0.52	-0.68	-0.5	-0.49	-0.62	-0.32	-0.58	-0.03	0.1	-0.64	-0.48	-0.24	-0.62	-0.58	-0.65	-0.71	-0.58	-0.69	-0.67	-0.68	-0.16		-0.66
Property Plant Equipment	0.96	-0.65	0.92	0.93	0.99	0.4	0.92	0.92	0.51	0.94	0.12	0.15	0.95	0.77	0.41	0.94	0.72	0.97	0.9	0.93	0.99	0.61	0.62	0.65	-0.66

Click cells to compare fundamentals

Northern Technologies Account Relationship Matchups

Northern Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	66.1M	74.4M	86.2M	89.3M	102.7M	107.9M
Other Current Liab	880.1K	4.0M	3.0M	(30.2M)	(27.2M)	(25.9M)
Total Current Liabilities	6.1M	8.5M	17.1M	16.7M	19.2M	20.2M
Total Stockholder Equity	56.7M	62.4M	63.6M	66.4M	76.3M	80.1M
Property Plant And Equipment Net	7.8M	12.2M	12.7M	14.5M	16.7M	17.5M
Net Debt	(5.7M)	(7.3M)	1.1M	1.4M	1.2M	1.3M
Retained Earnings	42.5M	47.0M	50.7M	51.0M	58.7M	61.6M
Accounts Payable	3.2M	4.3M	7.8M	6.1M	7.0M	7.3M
Cash	6.4M	7.7M	5.3M	5.4M	6.2M	3.2M
Non Current Assets Total	32.9M	40.6M	46.0M	49.7M	57.1M	60.0M
Cash And Short Term Investments	11.9M	7.7M	5.3M	5.4M	6.2M	4.2M
Net Receivables	9.5M	13.6M	16.6M	19.1M	22.0M	23.1M
Common Stock Shares Outstanding	9.1M	9.9M	9.6M	9.7M	11.1M	9.3M
Liabilities And Stockholders Equity	66.1M	74.4M	86.2M	89.3M	102.7M	107.9M
Non Current Liabilities Total	272.4K	104.1K	1.9M	1.9M	2.2M	2.3M
Inventory	11.0M	11.1M	16.3M	13.1M	15.1M	15.8M
Other Current Assets	(1.0)	1.3M	2.0M	21.2B	24.3B	25.6B
Other Stockholder Equity	17.4M	18.7M	19.9M	22.0M	25.3M	26.5M
Total Liab	6.4M	8.6M	18.9M	18.6M	21.4M	22.5M
Total Current Assets	33.2M	33.7M	40.2M	39.7M	45.6M	47.9M
Property Plant And Equipment Gross	7.8M	12.2M	12.7M	14.5M	16.7M	17.5M
Accumulated Other Comprehensive Income	(3.4M)	(3.5M)	(7.2M)	(6.8M)	(6.1M)	(5.8M)
Common Stock Total Equity	181.7K	182K	183.7K	184.7K	212.3K	108.5K
Common Stock	182K	183.7K	184.7K	188.5K	216.8K	112.5K
Other Assets	1.7M	1.6M	209.7K	92.6K	83.3K	79.1K
Property Plant Equipment	7.4M	7.1M	12.2M	12.2M	14.0M	14.7M
Short Term Investments	5.5M	4.6K	5.6K	23.7B	27.2B	28.6B
Good Will	1.0M	802.0K	0.0	4.8M	5.5M	5.8M
Intangible Assets	802.0K	709.6K	6.6M	6.2M	7.1M	7.4M
Net Tangible Assets	56.6M	56.7M	61.7M	52.2M	60.0M	53.6M
Noncontrolling Interest In Consolidated Entity	3.1M	3.0M	3.4M	3.6M	4.2M	3.2M
Retained Earnings Total Equity	45.0M	42.5M	47.0M	50.7M	58.3M	41.9M
Capital Surpluse	16.0M	17.4M	18.7M	19.9M	22.9M	16.4M

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 Northern Technologies 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, Northern Technologies' short interest history, or implied volatility extrapolated from Northern Technologies options trading.

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

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

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

How To Invest In Northern

Details

Is Northern Stock a good investment?

Details

What is Northern Technologies' Net Worth?

Details

Largest Specialty Chemicals Companies

View

Largest Basic Materials Companies

View

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Technologies. 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 information on how to trade Northern Stock refer to our How to Trade Northern Stock guide.

You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

Complementary Tools for Northern Stock analysis

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

	Insider Screener Find insiders across different sectors to evaluate their impact on performance
	Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments
	Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges
	Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk
	FinTech Suite Use AI to screen and filter profitable investment opportunities
	Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
	Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years
	Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges
	Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
	Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio

Is Northern Technologies' 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 Northern Technologies. If investors know Northern 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 Northern Technologies 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

3.25

Dividend Share

0.28

Earnings Share

0.48

Revenue Per Share

8.802

Quarterly Revenue Growth

0.141

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Northern Invested Capital vs Inventory Turnover Analysis

Invested Capital vs Inventory Turnover

Invested Capital vs Inventory Turnover Correlation Analysis

Correlation Coefficient

Invested Capital

Inventory Turnover

Northern Technologies fundamental ratios Correlations

Northern Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Northern Technologies fundamental ratios Accounts

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

Complementary Tools for Northern Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Retained Earnings	+ 1.0	Total Stockholder Equity
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Common Stock	+ 1.0	Common Stock Total Equity
Total Stockholder Equity	+ 0.99	Total Assets
Other Stockholder Equity	+ 0.99	Total Assets

Other Current Assets	- 0.98	Other Current Liab
Total Liab	- 0.78	Other Current Liab
Total Current Liabilities	- 0.77	Other Current Liab
Property Plant And Equipment Gross	- 0.75	Other Current Liab
Net Receivables	- 0.74	Other Current Liab
Property Plant And Equipment Net	- 0.74	Other Current Liab