Nova Total Assets vs Non Current Assets Total Analysis

NVMI Stock

USD 200.00 6.50 3.36%

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 Total Assets and its Non Current Assets Total 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.

Total Assets vs Non Current Assets Total

Total Assets vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nova Total Assets account and Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Nova's Total Assets and Non Current Assets Total is 0.97. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Nova, assuming nothing else is changed. The correlation between historical values of Nova's Total Assets and Non Current Assets Total 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 Assets of Nova are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Assets i.e., Nova's Total Assets and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Assets

Total assets refers to the total amount of Nova 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 Nova 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.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

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

Interest Expense Depreciation And Amortization

Nova 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	Common Stock	Other Liab	Other Assets	Short Term Investments	Property Plant Equipment	Common Stock Total Equity
Total Assets		0.92	0.9	0.99	0.98	0.92	0.99	0.95	0.73	0.97	0.71	0.96	0.97	0.44	0.55	0.99	0.84	0.46	0.98	0.99	0.92	0.95	0.93	0.98	0.98	0.43
Other Current Liab	0.92		0.8	0.89	0.87	0.86	0.89	0.97	0.68	0.88	0.64	0.89	0.91	0.47	0.6	0.89	0.77	0.48	0.92	0.91	0.87	0.81	0.81	0.91	0.86	0.39
Total Current Liabilities	0.9	0.8		0.91	0.84	0.9	0.9	0.82	0.55	0.91	0.64	0.84	0.83	0.29	0.19	0.9	0.7	0.37	0.86	0.87	0.94	0.83	0.84	0.93	0.86	0.34
Total Stockholder Equity	0.99	0.89	0.91		0.97	0.91	0.99	0.93	0.66	0.97	0.66	0.93	0.98	0.46	0.47	0.99	0.88	0.48	0.94	0.97	0.91	0.95	0.95	0.98	0.97	0.47
Property Plant And Equipment Net	0.98	0.87	0.84	0.97		0.91	0.97	0.92	0.72	0.95	0.68	0.93	0.95	0.4	0.6	0.97	0.87	0.4	0.96	0.96	0.88	0.95	0.92	0.95	1.0	0.39
Net Debt	0.92	0.86	0.9	0.91	0.91		0.93	0.88	0.51	0.97	0.68	0.81	0.88	0.28	0.42	0.93	0.71	0.26	0.91	0.86	0.99	0.9	0.92	0.91	0.91	0.26
Retained Earnings	0.99	0.89	0.9	0.99	0.97	0.93		0.92	0.65	0.98	0.65	0.92	0.97	0.38	0.48	1.0	0.87	0.39	0.95	0.96	0.92	0.96	0.96	0.98	0.98	0.39
Accounts Payable	0.95	0.97	0.82	0.93	0.92	0.88	0.92		0.69	0.91	0.69	0.91	0.95	0.57	0.61	0.93	0.81	0.57	0.94	0.94	0.88	0.86	0.86	0.93	0.91	0.5
Cash	0.73	0.68	0.55	0.66	0.72	0.51	0.65	0.69		0.58	0.67	0.87	0.66	0.33	0.77	0.65	0.52	0.39	0.82	0.81	0.53	0.63	0.49	0.69	0.71	0.28
Non Current Assets Total	0.97	0.88	0.91	0.97	0.95	0.97	0.98	0.91	0.58		0.68	0.87	0.95	0.35	0.46	0.99	0.8	0.35	0.94	0.92	0.96	0.97	0.97	0.94	0.96	0.36
Non Currrent Assets Other	0.71	0.64	0.64	0.66	0.68	0.68	0.65	0.69	0.67	0.68		0.72	0.66	0.45	0.55	0.67	0.43	0.45	0.77	0.71	0.7	0.68	0.6	0.66	0.68	0.44
Cash And Short Term Investments	0.96	0.89	0.84	0.93	0.93	0.81	0.92	0.91	0.87	0.87	0.72		0.91	0.48	0.62	0.91	0.79	0.53	0.96	0.99	0.82	0.86	0.79	0.95	0.93	0.46
Net Receivables	0.97	0.91	0.83	0.98	0.95	0.88	0.97	0.95	0.66	0.95	0.66	0.91		0.49	0.56	0.98	0.89	0.49	0.93	0.96	0.87	0.93	0.93	0.94	0.95	0.47
Common Stock Shares Outstanding	0.44	0.47	0.29	0.46	0.4	0.28	0.38	0.57	0.33	0.35	0.45	0.48	0.49		0.35	0.42	0.45	0.97	0.39	0.48	0.3	0.37	0.36	0.43	0.38	0.96
Non Current Liabilities Total	0.55	0.6	0.19	0.47	0.6	0.42	0.48	0.61	0.77	0.46	0.55	0.62	0.56	0.35		0.5	0.41	0.27	0.66	0.6	0.37	0.54	0.42	0.45	0.57	0.2
Inventory	0.99	0.89	0.9	0.99	0.97	0.93	1.0	0.93	0.65	0.99	0.67	0.91	0.98	0.42	0.5		0.86	0.42	0.95	0.96	0.92	0.97	0.97	0.97	0.97	0.42
Other Current Assets	0.84	0.77	0.7	0.88	0.87	0.71	0.87	0.81	0.52	0.8	0.43	0.79	0.89	0.45	0.41	0.86		0.47	0.75	0.85	0.67	0.8	0.81	0.85	0.87	0.46
Other Stockholder Equity	0.46	0.48	0.37	0.48	0.4	0.26	0.39	0.57	0.39	0.35	0.45	0.53	0.49	0.97	0.27	0.42	0.47		0.41	0.52	0.3	0.35	0.33	0.47	0.39	0.96
Total Liab	0.98	0.92	0.86	0.94	0.96	0.91	0.95	0.94	0.82	0.94	0.77	0.96	0.93	0.39	0.66	0.95	0.75	0.41		0.97	0.91	0.91	0.87	0.95	0.95	0.35
Total Current Assets	0.99	0.91	0.87	0.97	0.96	0.86	0.96	0.94	0.81	0.92	0.71	0.99	0.96	0.48	0.6	0.96	0.85	0.52	0.97		0.87	0.91	0.87	0.98	0.96	0.47
Common Stock	0.92	0.87	0.94	0.91	0.88	0.99	0.92	0.88	0.53	0.96	0.7	0.82	0.87	0.3	0.37	0.92	0.67	0.3	0.91	0.87		0.87	0.9	0.92	0.89	0.29
Other Liab	0.95	0.81	0.83	0.95	0.95	0.9	0.96	0.86	0.63	0.97	0.68	0.86	0.93	0.37	0.54	0.97	0.8	0.35	0.91	0.91	0.87		0.97	0.89	0.96	0.39
Other Assets	0.93	0.81	0.84	0.95	0.92	0.92	0.96	0.86	0.49	0.97	0.6	0.79	0.93	0.36	0.42	0.97	0.81	0.33	0.87	0.87	0.9	0.97		0.89	0.93	0.38
Short Term Investments	0.98	0.91	0.93	0.98	0.95	0.91	0.98	0.93	0.69	0.94	0.66	0.95	0.94	0.43	0.45	0.97	0.85	0.47	0.95	0.98	0.92	0.89	0.89		0.95	0.43
Property Plant Equipment	0.98	0.86	0.86	0.97	1.0	0.91	0.98	0.91	0.71	0.96	0.68	0.93	0.95	0.38	0.57	0.97	0.87	0.39	0.95	0.96	0.89	0.96	0.93	0.95		0.38
Common Stock Total Equity	0.43	0.39	0.34	0.47	0.39	0.26	0.39	0.5	0.28	0.36	0.44	0.46	0.47	0.96	0.2	0.42	0.46	0.96	0.35	0.47	0.29	0.39	0.38	0.43	0.38

Click cells to compare fundamentals

Nova Account Relationship Matchups

High Positive Relationship

Property Plant Equipment	+ 1.0	Property Plant And Equipment Net
Inventory	+ 1.0	Retained Earnings
Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Inventory	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets

High Negative Relationship

Not Found

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

Nova Investors Sentiment

The influence of Nova's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Nova. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Nova's public news can be used to forecast risks associated with an investment in Nova. The trend in average sentiment can be used to explain how an investor holding Nova can time the market purely based on public headlines and social activities around Nova. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Nova's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Nova's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Nova's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Nova.

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 Nova 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, Nova's short interest history, or implied volatility extrapolated from Nova options trading.

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

How To Invest In Nova

Details

Is Nova Stock a good investment?

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What is Nova's Net Worth?

Details

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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.

You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

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

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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.

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Nova Total Assets vs Non Current Assets Total Analysis

Total Assets vs Non Current Assets Total

Total Assets vs Non Current Assets Total Correlation Analysis

Correlation Coefficient

Total Assets

Non Current Assets Total

Nova fundamental ratios Correlations

Nova Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nova fundamental ratios Accounts

Nova Investors Sentiment

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

Complementary Tools for Nova Stock analysis

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