Great Net Tangible Assets vs Net Invested Capital Analysis

AJX Stock

USD 3.59 0.07 1.91%

Great Ajax financial indicator trend analysis is much more than just examining Great Ajax Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Great Ajax Corp is a good investment. Please check the relationship between Great Ajax Net Tangible Assets and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Great Ajax Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation.

Net Tangible Assets vs Net Invested Capital

Net Tangible Assets vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Great Ajax Corp Net Tangible Assets account and Net Invested Capital. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Great Ajax's Net Tangible Assets and Net Invested Capital is -0.38. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Great Ajax Corp, assuming nothing else is changed. The correlation between historical values of Great Ajax's Net Tangible Assets and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Great Ajax Corp are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Net Tangible Assets i.e., Great Ajax's Net Tangible Assets and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

-0.38

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most indicators from Great Ajax's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Great Ajax Corp 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Great Ajax Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation.

At this time, Great Ajax's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 25 M in 2024, whereas Selling General Administrative is likely to drop slightly above 3 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	15.2M	19.3M	47.6M	30.9M
Total Revenue	31.9M	35.6M	62.7M	39.7M

Gross Profit Total Revenue

Great Ajax fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		0.93	0.9	0.92	0.95	0.97	0.92	0.35	0.78	0.5	0.44	-0.14	0.65	0.45	0.25	0.91	0.91	0.93	0.71	-0.74	0.94	0.89	0.88	0.03	0.37	0.85
Short Long Term Debt Total	0.93		0.83	0.78	0.97	0.93	1.0	0.1	0.73	0.34	0.44	-0.11	0.58	0.62	0.19	0.79	0.94	0.87	0.6	-0.63	0.95	0.92	0.73	0.1	0.34	0.78
Total Current Liabilities	0.9	0.83		0.86	0.84	0.9	0.81	0.38	0.68	0.56	0.47	-0.04	0.71	0.43	-0.13	0.9	0.77	0.9	0.57	-0.66	0.81	0.72	0.78	-0.03	-0.01	0.99
Total Stockholder Equity	0.92	0.78	0.86		0.81	0.94	0.75	0.41	0.87	0.71	0.18	-0.35	0.81	0.14	0.18	0.87	0.84	0.85	0.52	-0.9	0.89	0.65	0.8	-0.12	0.3	0.81
Other Liab	0.95	0.97	0.84	0.81		0.93	0.97	0.27	0.75	0.34	0.47	-0.06	0.57	0.57	0.26	0.83	0.94	0.85	0.71	-0.63	0.94	0.92	0.83	0.15	0.38	0.77
Net Tangible Assets	0.97	0.93	0.9	0.94	0.93		0.91	0.28	0.82	0.53	0.29	-0.27	0.78	0.36	0.15	0.89	0.94	0.91	0.56	-0.82	0.97	0.8	0.8	-0.04	0.3	0.85
Net Debt	0.92	1.0	0.81	0.75	0.97	0.91		0.08	0.7	0.29	0.45	-0.09	0.55	0.64	0.2	0.78	0.94	0.86	0.6	-0.6	0.94	0.93	0.72	0.13	0.35	0.76
Retained Earnings	0.35	0.1	0.38	0.41	0.27	0.28	0.08		0.18	0.37	0.3	0.28	0.27	-0.13	0.03	0.54	0.06	0.3	0.67	-0.23	0.11	0.12	0.72	0.23	-0.08	0.36
Accounts Payable	0.78	0.73	0.68	0.87	0.75	0.82	0.7	0.18		0.73	0.03	-0.4	0.72	0.13	0.27	0.6	0.83	0.63	0.37	-0.87	0.84	0.59	0.62	-0.24	0.4	0.63
Cash	0.5	0.34	0.56	0.71	0.34	0.53	0.29	0.37	0.73		-0.17	-0.4	0.76	-0.25	-0.08	0.5	0.38	0.52	0.13	-0.79	0.43	0.13	0.42	-0.38	-0.01	0.6
Non Current Assets Total	0.44	0.44	0.47	0.18	0.47	0.29	0.45	0.3	0.03	-0.17		0.77	-0.25	0.85	-0.11	0.52	0.2	0.32	0.72	0.25	0.22	0.64	0.53	0.68	-0.13	0.44
Non Currrent Assets Other	-0.14	-0.11	-0.04	-0.35	-0.06	-0.27	-0.09	0.28	-0.4	-0.4	0.77		-0.57	0.57	-0.34	0.05	-0.37	-0.26	0.4	0.67	-0.36	0.1	0.13	0.75	-0.47	-0.04
Other Assets	0.65	0.58	0.71	0.81	0.57	0.78	0.55	0.27	0.72	0.76	-0.25	-0.57		-0.17	-0.11	0.63	0.67	0.72	0.11	-0.92	0.71	0.28	0.5	-0.4	0.03	0.71
Long Term Debt	0.45	0.62	0.43	0.14	0.57	0.36	0.64	-0.13	0.13	-0.25	0.85	0.57	-0.17		-0.09	0.41	0.4	0.34	0.49	0.18	0.38	0.74	0.34	0.61	-0.03	0.4
Cash And Short Term Investments	0.25	0.19	-0.13	0.18	0.26	0.15	0.2	0.03	0.27	-0.08	-0.11	-0.34	-0.11	-0.09		-0.03	0.33	0.15	0.38	-0.21	0.3	0.36	0.27	-0.18	0.97	-0.21
Net Receivables	0.91	0.79	0.9	0.87	0.83	0.89	0.78	0.54	0.6	0.5	0.52	0.05	0.63	0.41	-0.03		0.72	0.86	0.7	-0.63	0.77	0.72	0.88	0.24	0.05	0.86
Common Stock Total Equity	0.91	0.94	0.77	0.84	0.94	0.94	0.94	0.06	0.83	0.38	0.2	-0.37	0.67	0.4	0.33	0.72		0.83	0.48	-0.77	0.99	0.83	0.68	-0.1	0.49	0.71
Common Stock Shares Outstanding	0.93	0.87	0.9	0.85	0.85	0.91	0.86	0.3	0.63	0.52	0.32	-0.26	0.72	0.34	0.15	0.86	0.83		0.58	-0.73	0.86	0.77	0.76	-0.12	0.28	0.88
Non Current Liabilities Total	0.71	0.6	0.57	0.52	0.71	0.56	0.6	0.67	0.37	0.13	0.72	0.4	0.11	0.49	0.38	0.7	0.48	0.58		-0.21	0.51	0.76	0.91	0.4	0.34	0.51
Other Current Assets	-0.74	-0.63	-0.66	-0.9	-0.63	-0.82	-0.6	-0.23	-0.87	-0.79	0.25	0.67	-0.92	0.18	-0.21	-0.63	-0.77	-0.73	-0.21		-0.8	-0.4	-0.56	0.42	-0.35	-0.64
Other Stockholder Equity	0.94	0.95	0.81	0.89	0.94	0.97	0.94	0.11	0.84	0.43	0.22	-0.36	0.71	0.38	0.3	0.77	0.99	0.86	0.51	-0.8		0.84	0.72	-0.09	0.46	0.74
Total Liab	0.89	0.92	0.72	0.65	0.92	0.8	0.93	0.12	0.59	0.13	0.64	0.1	0.28	0.74	0.36	0.72	0.83	0.77	0.76	-0.4	0.84		0.75	0.22	0.46	0.66
Long Term Investments	0.88	0.73	0.78	0.8	0.83	0.8	0.72	0.72	0.62	0.42	0.53	0.13	0.5	0.34	0.27	0.88	0.68	0.76	0.91	-0.56	0.72	0.75		0.21	0.29	0.72
Short Long Term Debt	0.03	0.1	-0.03	-0.12	0.15	-0.04	0.13	0.23	-0.24	-0.38	0.68	0.75	-0.4	0.61	-0.18	0.24	-0.1	-0.12	0.4	0.42	-0.09	0.22	0.21		-0.25	-0.08
Total Current Assets	0.37	0.34	-0.01	0.3	0.38	0.3	0.35	-0.08	0.4	-0.01	-0.13	-0.47	0.03	-0.03	0.97	0.05	0.49	0.28	0.34	-0.35	0.46	0.46	0.29	-0.25		-0.09
Short Term Debt	0.85	0.78	0.99	0.81	0.77	0.85	0.76	0.36	0.63	0.6	0.44	-0.04	0.71	0.4	-0.21	0.86	0.71	0.88	0.51	-0.64	0.74	0.66	0.72	-0.08	-0.09

Click cells to compare fundamentals

Great Ajax Account Relationship Matchups

Great Ajax fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.6B	1.7B	1.8B	1.5B	1.3B	1.4B
Short Long Term Debt Total	771.5M	695.5M	678.4M	677.5M	997.3M	675.7M
Total Current Liabilities	421.2M	443.8M	580.8M	106.0M	375.7M	341.7M
Total Stockholder Equity	359.9M	485.4M	497.3M	335.3M	308.9M	356.4M
Net Tangible Assets	359.9M	370.2M	382.2M	300.8M	345.9M	325.9M
Net Debt	707.2M	588.3M	594.0M	629.7M	944.5M	611.3M
Retained Earnings	49.4M	53.3M	66.4M	13.3M	(54.4M)	(51.7M)
Accounts Payable	7.1M	22.6M	11.1M	11.4M	13.2M	8.9M
Cash	64.3M	107.1M	84.4M	47.8M	52.8M	64.4M
Non Current Assets Total	319.3M	393.9M	521.8M	421.8M	407.8M	552.7M
Non Currrent Assets Other	(1.5M)	(719K)	(521.8M)	(421.8M)	(323.4M)	(307.2M)
Other Assets	1.2B	1.1B	1.1B	25.7M	744.1M	458.1M
Long Term Debt	118.8M	110.1M	102.8M	210.3M	621.6M	383.4M
Cash And Short Term Investments	64.3M	107.1M	84.4M	1.0B	52.8M	50.2M
Net Receivables	17.0M	15.8M	20.9M	7.5M	7.3M	13.1M
Common Stock Total Equity	222K	231K	233K	241K	277.2K	213.5K
Common Stock Shares Outstanding	28.2M	22.6M	30.3M	23.0M	24.3M	24.9M
Liabilities And Stockholders Equity	1.6B	1.7B	1.8B	1.5B	1.3B	1.4B
Non Current Liabilities Total	771.5M	695.5M	678.4M	1.0B	103.5M	98.3M
Other Current Assets	(81.4M)	(124.0M)	(109.6M)	(57.2M)	(60.1M)	(63.1M)
Other Stockholder Equity	308.9M	316.3M	314.5M	312.9M	342.5M	299.8M
Total Liab	771.5M	695.5M	678.4M	1.1B	1.0B	860.0M
Long Term Investments	1.5B	1.5B	1.5B	1.2B	323.4M	307.2M
Total Current Assets	81.4M	122.9M	105.3M	1.0B	184.4M	174.0M
Short Term Debt	414.1M	421.1M	546.1M	106.0M	375.7M	341.6M
Common Stock	222K	231K	233K	241K	285K	223.5K
Property Plant Equipment	1.5M	719K	6.1M	6.3M	7.3M	4.3M
Other Current Liab	7.1M	22.6M	34.7M	(375.7M)	(338.2M)	(321.3M)
Noncontrolling Interest In Consolidated Entity	24.2M	29.1M	3.2M	2.1M	1.9M	1.8M
Retained Earnings Total Equity	49.4M	53.3M	66.4M	13.3M	15.3M	14.5M
Long Term Debt Total	118.8M	110.1M	102.8M	210.3M	189.3M	278.0M
Capital Surpluse	309.4M	317.4M	316.2M	322.4M	370.8M	307.6M
Accumulated Other Comprehensive Income	1.3M	375K	1.0M	(25.6M)	(14.0M)	(13.3M)
Treasury Stock	(458K)	(1.2M)	(1.7M)	(9.5M)	(8.6M)	(8.1M)

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Great Ajax Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation.

You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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

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Is Great Ajax'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 Great Ajax. If investors know Great 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 Great Ajax 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

(0.50)

Dividend Share

0.51

Earnings Share

(4.08)

Revenue Per Share

(2.62)

Quarterly Revenue Growth

(0.82)

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

Net Tangible Assets vs Net Invested Capital

Net Tangible Assets vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Net Invested Capital

Great Ajax fundamental ratios Correlations

Great Ajax Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Great Ajax fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Short Term Debt	+ 0.99	Total Current Liabilities
Other Stockholder Equity	+ 0.99	Common Stock Total Equity
Net Tangible Assets	+ 0.97	Total Assets
Other Liab	+ 0.97	Short Long Term Debt Total
Net Debt	+ 0.97	Other Liab

Other Current Assets	- 0.92	Other Assets
Other Current Assets	- 0.9	Total Stockholder Equity
Other Current Assets	- 0.87	Accounts Payable
Other Current Assets	- 0.82	Net Tangible Assets
Other Stockholder Equity	- 0.8	Other Current Assets
Other Current Assets	- 0.79	Cash