Eltek Retained Earnings vs Total Stockholder Equity Analysis

ELTK Stock

USD 10.90 0.06 0.55%

Eltek financial indicator trend analysis is much more than just examining Eltek latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eltek is a good investment. Please check the relationship between Eltek Retained Earnings and its Total Stockholder Equity accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eltek. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.

Retained Earnings vs Total Stockholder Equity

Retained Earnings vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eltek Retained Earnings account and Total Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Eltek's Retained Earnings and Total Stockholder Equity is 0.84. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Eltek, assuming nothing else is changed. The correlation between historical values of Eltek's Retained Earnings and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Eltek are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Retained Earnings i.e., Eltek's Retained Earnings and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

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

For more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.At this time, Eltek's Tax Provision is quite stable compared to the past year. Enterprise Value Over EBITDA is expected to rise to 9.72 this year, although the value of Selling General Administrative will most likely fall to about 5.3 M.

	2021	2022	2023	2024 (projected)
Interest Expense	488K	129K	84K	79.8K
Depreciation And Amortization	1.8M	1.5M	1.3M	1.7M

Interest Expense Depreciation And Amortization

Eltek fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Non Currrent Assets Other	Common Stock Total Equity	Short Term Investments	Other Current Assets
Total Assets		0.42	0.42	-0.47	0.83	0.94	-0.45	0.63	0.14	0.8	0.95	0.75	0.75	0.77	0.82	0.61	0.84	0.77	0.97	-0.66	-0.2	0.57	0.56	0.54	0.38	0.09
Short Long Term Debt Total	0.42		-0.01	-0.41	0.29	0.55	0.36	-0.2	-0.72	0.52	0.5	0.42	0.07	0.63	0.7	-0.2	0.58	0.64	0.32	0.09	0.03	0.53	0.17	0.56	-0.08	0.16
Other Current Liab	0.42	-0.01		-0.01	0.67	0.29	-0.69	0.74	0.31	0.62	0.29	0.7	0.47	0.5	0.18	0.32	0.15	0.29	0.49	-0.44	0.06	0.24	0.79	0.18	0.71	-0.13
Total Current Liabilities	-0.47	-0.41	-0.01		-0.46	-0.63	0.15	-0.19	0.46	-0.5	-0.66	-0.4	-0.05	-0.44	-0.79	0.22	-0.45	-0.05	-0.29	0.63	-0.35	-0.72	-0.04	-0.74	-0.1	0.31
Total Stockholder Equity	0.83	0.29	0.67	-0.46		0.81	-0.75	0.84	0.17	0.94	0.82	0.94	0.6	0.86	0.69	0.47	0.64	0.56	0.77	-0.79	-0.14	0.53	0.83	0.49	0.59	-0.05
Property Plant And Equipment Net	0.94	0.55	0.29	-0.63	0.81		-0.34	0.51	-0.08	0.79	0.97	0.73	0.66	0.82	0.93	0.41	0.87	0.73	0.86	-0.68	-0.17	0.64	0.48	0.63	0.29	0.09
Net Debt	-0.45	0.36	-0.69	0.15	-0.75	-0.34		-0.92	-0.59	-0.61	-0.39	-0.69	-0.36	-0.37	-0.15	-0.49	-0.1	-0.06	-0.47	0.75	0.0	-0.22	-0.72	-0.16	-0.74	0.26
Retained Earnings	0.63	-0.2	0.74	-0.19	0.84	0.51	-0.92		0.56	0.68	0.57	0.73	0.56	0.51	0.34	0.66	0.29	0.32	0.64	-0.81	-0.18	0.18	0.74	0.13	0.58	-0.11
Accounts Payable	0.14	-0.72	0.31	0.46	0.17	-0.08	-0.59	0.56		-0.06	0.0	0.02	0.46	-0.21	-0.34	0.66	-0.17	0.02	0.25	-0.32	-0.25	-0.33	0.19	-0.38	0.26	0.07
Cash	0.8	0.52	0.62	-0.5	0.94	0.79	-0.61	0.68	-0.06		0.81	0.98	0.4	0.87	0.75	0.3	0.61	0.61	0.73	-0.62	0.03	0.67	0.8	0.64	0.61	-0.1
Non Current Assets Total	0.95	0.5	0.29	-0.66	0.82	0.97	-0.39	0.57	0.0	0.81		0.73	0.62	0.77	0.93	0.45	0.8	0.7	0.85	-0.73	-0.11	0.65	0.44	0.64	0.26	0.05
Cash And Short Term Investments	0.75	0.42	0.7	-0.4	0.94	0.73	-0.69	0.73	0.02	0.98	0.73		0.42	0.86	0.64	0.32	0.56	0.56	0.71	-0.6	0.0	0.6	0.89	0.56	0.71	-0.11
Net Receivables	0.75	0.07	0.47	-0.05	0.6	0.66	-0.36	0.56	0.46	0.4	0.62	0.42		0.54	0.45	0.73	0.68	0.67	0.81	-0.51	-0.49	0.12	0.45	0.09	0.19	0.17
Common Stock Shares Outstanding	0.77	0.63	0.5	-0.44	0.86	0.82	-0.37	0.51	-0.21	0.87	0.77	0.86	0.54		0.75	0.31	0.82	0.68	0.72	-0.48	-0.28	0.52	0.77	0.5	0.38	0.09
Non Current Liabilities Total	0.82	0.7	0.18	-0.79	0.69	0.93	-0.15	0.34	-0.34	0.75	0.93	0.64	0.45	0.75		0.17	0.78	0.64	0.69	-0.61	0.01	0.7	0.31	0.72	0.12	-0.03
Inventory	0.61	-0.2	0.32	0.22	0.47	0.41	-0.49	0.66	0.66	0.3	0.45	0.32	0.73	0.31	0.17		0.42	0.54	0.7	-0.42	-0.67	-0.22	0.42	-0.26	0.12	0.14
Other Stockholder Equity	0.84	0.58	0.15	-0.45	0.64	0.87	-0.1	0.29	-0.17	0.61	0.8	0.56	0.68	0.82	0.78	0.42		0.71	0.81	-0.41	-0.42	0.43	0.45	0.42	0.13	0.25
Total Liab	0.77	0.64	0.29	-0.05	0.56	0.73	-0.06	0.32	0.02	0.61	0.7	0.56	0.67	0.68	0.64	0.54	0.71		0.77	-0.2	-0.42	0.25	0.45	0.24	0.08	0.34
Total Current Assets	0.97	0.32	0.49	-0.29	0.77	0.86	-0.47	0.64	0.25	0.73	0.85	0.71	0.81	0.72	0.69	0.7	0.81	0.77		-0.56	-0.27	0.47	0.6	0.43	0.45	0.11
Short Term Debt	-0.66	0.09	-0.44	0.63	-0.79	-0.68	0.75	-0.81	-0.32	-0.62	-0.73	-0.6	-0.51	-0.48	-0.61	-0.42	-0.41	-0.2	-0.56		0.04	-0.38	-0.44	-0.37	-0.36	0.24
Intangible Assets	-0.2	0.03	0.06	-0.35	-0.14	-0.17	0.0	-0.18	-0.25	0.03	-0.11	0.0	-0.49	-0.28	0.01	-0.67	-0.42	-0.42	-0.27	0.04		0.58	-0.24	0.59	0.34	-0.35
Common Stock	0.57	0.53	0.24	-0.72	0.53	0.64	-0.22	0.18	-0.33	0.67	0.65	0.6	0.12	0.52	0.7	-0.22	0.43	0.25	0.47	-0.38	0.58		0.25	1.0	0.51	-0.2
Non Currrent Assets Other	0.56	0.17	0.79	-0.04	0.83	0.48	-0.72	0.74	0.19	0.8	0.44	0.89	0.45	0.77	0.31	0.42	0.45	0.45	0.6	-0.44	-0.24	0.25		0.19	0.74	-0.02
Common Stock Total Equity	0.54	0.56	0.18	-0.74	0.49	0.63	-0.16	0.13	-0.38	0.64	0.64	0.56	0.09	0.5	0.72	-0.26	0.42	0.24	0.43	-0.37	0.59	1.0	0.19		0.43	-0.2
Short Term Investments	0.38	-0.08	0.71	-0.1	0.59	0.29	-0.74	0.58	0.26	0.61	0.26	0.71	0.19	0.38	0.12	0.12	0.13	0.08	0.45	-0.36	0.34	0.51	0.74	0.43		-0.23
Other Current Assets	0.09	0.16	-0.13	0.31	-0.05	0.09	0.26	-0.11	0.07	-0.1	0.05	-0.11	0.17	0.09	-0.03	0.14	0.25	0.34	0.11	0.24	-0.35	-0.2	-0.02	-0.2	-0.23

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Eltek Account Relationship Matchups

Eltek fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	22.8M	35.2M	42.8M	41.5M	47.2M	28.0M
Short Long Term Debt Total	8.5M	11.2M	13.7M	11.3M	6.7M	8.2M
Other Current Liab	206K	407K	384K	4.1M	5.7M	6.0M
Total Current Liabilities	14.8M	9.7M	9.3M	10.5M	14.0M	14.1M
Total Stockholder Equity	6.3M	15.3M	21.1M	21.0M	26.9M	28.2M
Property Plant And Equipment Net	9.3M	16.2M	16.3M	15.4M	15.9M	11.4M
Net Debt	6.8M	6.5M	4.5M	3.9M	(2.6M)	(2.5M)
Retained Earnings	(19.7M)	(17.1M)	(12.1M)	(9.9M)	(4.8M)	(5.1M)
Accounts Payable	4.7M	4.5M	4.0M	4.8M	7.5M	6.0M
Cash	1.6M	4.7M	9.3M	7.4M	9.3M	9.7M
Non Current Assets Total	9.3M	16.3M	20.2M	18.1M	17.1M	12.7M
Cash And Short Term Investments	1.6M	4.7M	9.3M	7.4M	12.1M	12.7M
Net Receivables	7.6M	9.8M	7.8M	10.4M	11.3M	8.0M
Common Stock Shares Outstanding	3.7M	4.5M	5.9M	5.8M	6.0M	6.3M
Liabilities And Stockholders Equity	22.8M	35.2M	42.8M	41.5M	47.2M	28.0M
Non Current Liabilities Total	1.8M	10.2M	12.5M	10.0M	6.3M	4.2M
Inventory	3.7M	3.7M	4.9M	5.1M	6.1M	4.3M
Total Liab	16.6M	19.9M	21.7M	20.5M	20.3M	18.3M
Total Current Assets	13.5M	18.8M	22.6M	23.4M	30.1M	15.3M
Accumulated Other Comprehensive Income	3.4M	4.2M	5.0M	2.7M	2.7M	2.6M
Short Term Debt	7.0M	1.4M	1.6M	1.5M	789K	749.6K
Non Currrent Assets Other	60K	64K	292K	261K	931K	977.6K
Other Current Assets	530K	619K	586K	786K	547K	472.1K
Property Plant And Equipment Gross	9.3M	16.2M	16.3M	15.4M	54.6M	57.3M
Other Liab	313K	422K	344K	280K	252K	349.8K
Long Term Debt	387K	1.5M	3.9M	2.8M	2.5M	1.8M
Property Plant Equipment	9.3M	16.2M	16.3M	14.8M	17.1M	11.1M
Current Deferred Revenue	2.9M	2.9M	3.4M	3.2M	3.7M	2.8M
Other Assets	60K	126K	3.9M	2.8M	3.2M	3.3M
Net Tangible Assets	6.3M	15.3M	21.1M	21.0M	24.2M	25.4M
Short Long Term Debt	5.6M	676K	708K	702K	631.8K	600.2K
Net Invested Capital	12.2M	17.4M	25.7M	24.5M	26.9M	20.4M
Net Working Capital	(1.2M)	9.1M	13.3M	12.9M	16.1M	16.9M

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When determining whether Eltek is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Eltek Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Eltek Stock. Highlighted below are key reports to facilitate an investment decision about Eltek Stock:

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Is Eltek Stock a good investment?

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What is Eltek's Net Worth?

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eltek. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.

You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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

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Is Eltek'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 Eltek. If investors know Eltek 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 Eltek 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

0.598

Dividend Share

0.22

Earnings Share

1.07

Revenue Per Share

7.911

Quarterly Revenue Growth

0.176

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

Retained Earnings vs Total Stockholder Equity

Retained Earnings vs Total Stockholder Equity Correlation Analysis

Correlation Coefficient

Retained Earnings

Total Stockholder Equity

Eltek fundamental ratios Correlations

Eltek Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Eltek fundamental ratios Accounts

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

Align your risk with return expectations

Complementary Tools for Eltek Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock Total Equity	+ 1.0	Common Stock
Cash And Short Term Investments	+ 0.98	Cash
Total Current Assets	+ 0.97	Total Assets
Non Current Assets Total	+ 0.97	Property Plant And Equipment Net
Non Current Assets Total	+ 0.95	Total Assets
Property Plant And Equipment Net	+ 0.94	Total Assets

Retained Earnings	- 0.92	Net Debt
Short Term Debt	- 0.81	Retained Earnings
Short Term Debt	- 0.79	Total Stockholder Equity
Non Current Liabilities Total	- 0.79	Total Current Liabilities
Net Debt	- 0.75	Total Stockholder Equity
Short Term Investments	- 0.74	Net Debt