Zynex Capital Stock vs Net Receivables Analysis

ZYXI Stock  USD 8.63  0.39  4.32%   
Zynex financial indicator trend analysis is more than just analyzing Zynex Inc current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zynex Inc is a good investment. Please check the relationship between Zynex Capital Stock and its Net Receivables accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zynex Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Capital Stock vs Net Receivables

Capital Stock vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zynex Inc Capital Stock account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.
The correlation between Zynex's Capital Stock and Net Receivables is 0.75. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Zynex Inc, assuming nothing else is changed. The correlation between historical values of Zynex's Capital Stock and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Stock of Zynex Inc are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Capital Stock i.e., Zynex's Capital Stock and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.75
Relationship DirectionPositive 
Relationship StrengthSignificant

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.

Net Receivables

Most indicators from Zynex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zynex Inc 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zynex Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
As of now, Zynex's Enterprise Value is increasing as compared to previous years.
 2021 2022 2023 2024 (projected)
Interest Expense95K440K1.1M1.1M
Depreciation And Amortization2.3M3.1M4.2M4.4M

Zynex fundamental ratios Correlations

0.310.380.17-0.910.120.420.34-0.910.210.140.440.480.330.3-0.130.350.250.090.360.130.320.30.430.380.07
0.310.910.75-0.110.820.690.99-0.190.940.890.810.910.990.470.40.910.980.750.950.910.950.990.430.46-0.6
0.380.910.7-0.10.60.860.93-0.140.720.630.820.840.920.670.020.730.850.480.90.660.890.90.470.56-0.25
0.170.750.7-0.080.820.250.79-0.160.690.690.480.520.690.410.250.740.650.740.680.70.780.72-0.010.03-0.61
-0.91-0.11-0.1-0.08-0.08-0.08-0.140.99-0.11-0.07-0.21-0.31-0.11-0.08-0.01-0.28-0.06-0.07-0.17-0.05-0.17-0.11-0.31-0.120.01
0.120.820.60.82-0.080.210.83-0.190.90.940.50.610.750.130.580.920.790.970.670.930.760.80.00.04-0.89
0.420.690.860.25-0.080.210.69-0.080.450.330.760.740.740.65-0.20.440.660.090.730.360.640.690.640.730.12
0.340.990.930.79-0.140.830.69-0.220.910.860.80.880.970.510.320.910.940.740.930.870.950.980.390.45-0.57
-0.91-0.19-0.14-0.160.99-0.19-0.08-0.22-0.21-0.18-0.25-0.37-0.19-0.07-0.1-0.37-0.15-0.19-0.23-0.15-0.24-0.19-0.31-0.120.13
0.210.940.720.69-0.110.90.450.91-0.210.990.70.850.910.250.670.940.960.880.860.990.880.940.350.32-0.8
0.140.890.630.69-0.070.940.330.86-0.180.990.620.760.850.160.720.930.910.930.781.00.820.890.240.23-0.88
0.440.810.820.48-0.210.50.760.8-0.250.70.620.850.840.270.170.60.80.440.820.630.750.820.50.73-0.29
0.480.910.840.52-0.310.610.740.88-0.370.850.760.850.930.410.420.810.910.520.960.770.920.920.740.55-0.42
0.330.990.920.69-0.110.750.740.97-0.190.910.850.840.930.530.380.870.980.670.960.870.951.00.520.55-0.52
0.30.470.670.41-0.080.130.650.51-0.070.250.160.270.410.53-0.290.320.40.060.520.20.510.490.370.390.15
-0.130.40.020.25-0.010.58-0.20.32-0.10.670.720.170.420.38-0.290.560.530.650.390.70.40.430.19-0.15-0.81
0.350.910.730.74-0.280.920.440.91-0.370.940.930.60.810.870.320.560.890.860.830.930.880.90.310.17-0.77
0.250.980.850.65-0.060.790.660.94-0.150.960.910.80.910.980.40.530.890.740.940.920.910.980.480.46-0.61
0.090.750.480.74-0.070.970.090.74-0.190.880.930.440.520.670.060.650.860.740.570.920.650.73-0.10.05-0.93
0.360.950.90.68-0.170.670.730.93-0.230.860.780.820.960.960.520.390.830.940.570.80.970.950.630.45-0.45
0.130.910.660.7-0.050.930.360.87-0.150.991.00.630.770.870.20.70.930.920.920.80.830.90.240.25-0.86
0.320.950.890.78-0.170.760.640.95-0.240.880.820.750.920.950.510.40.880.910.650.970.830.950.550.36-0.54
0.30.990.90.72-0.110.80.690.98-0.190.940.890.820.921.00.490.430.90.980.730.950.90.950.480.5-0.59
0.430.430.47-0.01-0.310.00.640.39-0.310.350.240.50.740.520.370.190.310.48-0.10.630.240.550.480.520.1
0.380.460.560.03-0.120.040.730.45-0.120.320.230.730.550.550.39-0.150.170.460.050.450.250.360.50.520.12
0.07-0.6-0.25-0.610.01-0.890.12-0.570.13-0.8-0.88-0.29-0.42-0.520.15-0.81-0.77-0.61-0.93-0.45-0.86-0.54-0.590.10.12
Click cells to compare fundamentals

Zynex Account Relationship Matchups

Zynex fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding37.4M38.4M43.1M39.1M36.1M30.4M
Total Assets28.3M72.2M133.3M116.5M141.1M148.1M
Total Stockholder Equity19.7M56.9M73.9M66.4M46.1M48.4M
Retained Earnings14.4M23.4M0.017.0M26.8M28.1M
Other Current Assets315K1.4M689K868K3.3M3.5M
Other Stockholder Equity5.4M33.4M73.9M49.3M19.3M10.8M
Total Current Assets22.6M63.0M82.7M69.6M87.9M92.2M
Liabilities And Stockholders Equity28.3M72.2M133.3M116.5M141.1M148.1M
Total Liab8.6M15.3M59.3M50.1M94.9M99.7M
Short Long Term Debt Total4.7M7.3M35.1M27.0M76.2M80.0M
Other Current Liab1.8M3.3M9.8M6.0M5.5M5.8M
Total Current Liabilities5.2M10.1M22.9M21.1M18.5M19.5M
Property Plant And Equipment Net4.7M7.9M18.5M15.0M16.2M17.0M
Net Debt(9.4M)(31.8M)(7.5M)6.8M31.6M33.2M
Accounts Payable2.1M4.7M4.7M5.6M8.4M8.9M
Non Current Assets Total5.7M9.2M50.6M46.9M53.2M55.9M
Net Receivables5.8M13.8M28.6M35.1M26.8M28.2M
Non Current Liabilities Total3.4M5.2M36.5M29.0M76.4M80.2M
Inventory2.4M8.6M10.8M13.5M13.1M13.8M
Property Plant And Equipment Gross4.7M7.9M18.5M15.0M18.4M19.3M
Short Term Debt1.3M2.1M8.3M7.9M3.9M2.7M
Property Plant Equipment4.9M1.9M18.9M2.2M2.5M3.0M
Non Currrent Assets Other509K668K974K861K(7.7M)(7.4M)
Cash14.0M39.2M42.6M20.1M44.6M46.8M
Other Assets842K913K1.3M2.2M1.00.95
Cash And Short Term Investments14.0M39.2M42.6M20.1M44.6M46.8M
Net Tangible Assets19.7M56.9M43.5M36.9M42.4M44.5M
Retained Earnings Total Equity4.9M14.4M23.4M17.0M19.6M20.6M
Capital Surpluse9.2M37.2M80.4M82.4M94.8M99.5M
Capital Lease Obligations4.7M7.3M19.2M16.3M18.6M19.5M

Currently Active Assets on Macroaxis

When determining whether Zynex Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Zynex'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 Zynex Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Zynex Inc Stock:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zynex Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Health Care Equipment & Supplies space 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 Zynex. If investors know Zynex 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 Zynex 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
(0.30)
Earnings Share
0.14
Revenue Per Share
5.984
Quarterly Revenue Growth
0.001
Return On Assets
0.0399
The market value of Zynex Inc is measured differently than its book value, which is the value of Zynex that is recorded on the company's balance sheet. Investors also form their own opinion of Zynex's value that differs from its market value or its book value, called intrinsic value, which is Zynex'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 Zynex's market value can be influenced by many factors that don't directly affect Zynex'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 Zynex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zynex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zynex'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.