Nova Property Plant And Equipment Net vs Accounts Payable Analysis
NVMI Stock | USD 193.73 8.42 4.17% |
Nova financial indicator trend analysis is infinitely more than just investigating Nova recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nova is a good investment. Please check the relationship between Nova Property Plant And Equipment Net and its Accounts Payable accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nova. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For more detail on how to invest in Nova Stock please use our How to Invest in Nova guide.
Property Plant And Equipment Net vs Accounts Payable
Property Plant And Equipment Net vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nova Property Plant And Equipment Net account and Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Nova's Property Plant And Equipment Net and Accounts Payable is 0.92. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Nova, assuming nothing else is changed. The correlation between historical values of Nova's Property Plant And Equipment Net and Accounts Payable 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 Nova are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Property Plant And Equipment Net i.e., Nova's Property Plant And Equipment Net and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.92 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
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.Accounts Payable
An accounting item on the balance sheet that represents Nova obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Nova are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from Nova's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nova 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 Nova. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For more detail on how to invest in Nova Stock please use our How to Invest in Nova guide.As of now, Nova's Enterprise Value is increasing as compared to previous years.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 4.2M | 1.3M | 1.3M | 1.2M | Depreciation And Amortization | 8.9M | 14.7M | 10.3M | 10.9M |
Nova fundamental ratios Correlations
Click cells to compare fundamentals
Nova Account Relationship Matchups
Nova fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 400.4M | 655.8M | 805.2M | 984.1M | 1.1B | 1.2B | |
Other Current Liab | 21.8M | 28.4M | 48.9M | 54.8M | 41.3M | 43.4M | |
Total Current Liabilities | 48.1M | 60.9M | 287.9M | 134.1M | 322.8M | 339.0M | |
Total Stockholder Equity | 314.5M | 371.5M | 473.8M | 587.0M | 750.8M | 788.3M | |
Property Plant And Equipment Net | 58.8M | 63.3M | 65.1M | 100.8M | 108.7M | 114.2M | |
Net Debt | 1.6M | (17.9M) | 94.2M | 134.9M | 136.6M | 143.4M | |
Retained Earnings | 193.7M | 241.6M | 334.7M | 478.1M | 614.4M | 645.1M | |
Accounts Payable | 20.7M | 24.1M | 36.2M | 42.7M | 35.2M | 36.9M | |
Cash | 31.7M | 232.3M | 126.7M | 111.1M | 107.6M | 113.0M | |
Non Current Assets Total | 94.3M | 97.1M | 238.6M | 371.2M | 423.6M | 444.8M | |
Non Currrent Assets Other | 1.2M | 3.2M | 3.6M | 3.8M | 4.4M | 2.7M | |
Cash And Short Term Investments | 189.1M | 423.9M | 410.2M | 373.5M | 443.7M | 465.9M | |
Net Receivables | 51.6M | 63.3M | 68.4M | 109.3M | 111.3M | 116.8M | |
Common Stock Shares Outstanding | 28.6M | 28.9M | 29.8M | 31.9M | 32.1M | 25.2M | |
Liabilities And Stockholders Equity | 400.4M | 655.8M | 805.2M | 984.1M | 1.1B | 1.2B | |
Non Current Liabilities Total | 37.8M | 223.3M | 43.5M | 263.1M | 60.2M | 30.9M | |
Inventory | 48.4M | 61.7M | 78.7M | 116.6M | 138.2M | 145.1M | |
Other Current Assets | 17.1M | 9.8M | 9.2M | 13.5M | 17.1M | 17.9M | |
Other Stockholder Equity | 120.7M | 129.3M | 139.8M | 121.4M | 139.7M | 108.4M | |
Total Liab | 85.9M | 284.2M | 331.4M | 397.1M | 383.1M | 402.2M | |
Total Current Assets | 306.2M | 558.7M | 566.5M | 612.9M | 710.2M | 745.7M | |
Accumulated Other Comprehensive Income | 15K | 570K | (814K) | (12.5M) | (3.3M) | (3.2M) | |
Other Liab | 9.1M | 12.6M | 10.0M | 23.0M | 26.4M | 27.8M | |
Other Assets | 8.2M | 6.1M | 9.7M | 23.8M | 27.4M | 28.8M | |
Short Term Investments | 157.3M | 191.6M | 283.5M | 262.4M | 336.1M | 352.9M | |
Property Plant Equipment | 58.8M | 63.3M | 65.1M | 100.8M | 115.9M | 121.7M | |
Current Deferred Revenue | 2.3M | 4.7M | 15.3M | 30.5M | 42.0M | 44.1M | |
Intangible Assets | 7.6M | 5.1M | 2.6M | 43.6M | 39.2M | 41.1M | |
Net Tangible Assets | 286.9M | 346.4M | 451.0M | 494.4M | 568.5M | 596.9M | |
Long Term Investments | 2.8M | 2.5M | 141.1M | 153.9M | 191.4M | 200.9M | |
Non Current Liabilities Other | 5.8M | 8.9M | 6.3M | 7.2M | 6.5M | 5.5M | |
Net Invested Capital | 314.5M | 550.3M | 183.0M | 196.4M | 948.4M | 995.9M |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nova. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For more detail on how to invest in Nova Stock please use our How to Invest in Nova guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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Is Nova'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 Nova. If investors know Nova 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 Nova 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 0.043 | Earnings Share 4.27 | Revenue Per Share 17.966 | Quarterly Revenue Growth (0.11) | Return On Assets 0.0781 |
The market value of Nova is measured differently than its book value, which is the value of Nova that is recorded on the company's balance sheet. Investors also form their own opinion of Nova's value that differs from its market value or its book value, called intrinsic value, which is Nova'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 Nova's market value can be influenced by many factors that don't directly affect Nova'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 Nova's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nova is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nova'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.