Forward Net Invested Capital vs Net Working Capital Analysis
| FORD Stock | USD 0.54 0.01 1.82% |
Forward Industries financial indicator trend analysis is much more than just examining Forward Industries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Forward Industries is a good investment. Please check the relationship between Forward Industries Net Invested Capital and its Net Working Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forward Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.
Net Invested Capital vs Net Working Capital
Net Invested Capital vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Forward Industries Net Invested Capital account and Net Working Capital. At this time, the significance of the direction appears to have strong relationship.
The correlation between Forward Industries' Net Invested Capital and Net Working Capital is 0.66. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Forward Industries, assuming nothing else is changed. The correlation between historical values of Forward Industries' Net Invested Capital and Net Working 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 Invested Capital of Forward Industries are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Net Invested Capital i.e., Forward Industries' Net Invested Capital and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.66 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Net Working Capital
Most indicators from Forward Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Forward Industries 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 Forward Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.At present, Forward Industries' Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 50.03, whereas Selling General Administrative is forecasted to decline to about 5.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 8.4M | 8.4M | 9.6M | 6.6M | Total Revenue | 42.3M | 36.7M | 42.2M | 28.3M |
Forward Industries fundamental ratios Correlations
Click cells to compare fundamentals
Forward Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Forward Industries fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 19.4M | 19.9M | 20.9M | 17.4M | 20.0M | 17.5M | |
| Short Long Term Debt Total | 7.8M | 5.5M | 5.0M | 4.3M | 5.0M | 3.3M | |
| Other Current Liab | 4.3M | 6.3M | 8.9M | 9.6M | 11.0M | 11.6M | |
| Total Current Liabilities | 8.8M | 7.2M | 10.0M | 10.8M | 12.5M | 13.1M | |
| Total Stockholder Equity | 6.6M | 7.4M | 6.3M | 2.6M | 3.0M | 2.9M | |
| Property Plant And Equipment Net | 3.7M | 3.9M | 3.7M | 3.3M | 3.8M | 4.0M | |
| Net Debt | 4.8M | 4.1M | 2.5M | 1.2M | 1.3M | 1.4M | |
| Retained Earnings | (13.1M) | (12.6M) | (13.9M) | (17.7M) | (15.9M) | (15.1M) | |
| Accounts Payable | 197.0K | 392.0K | 268.2K | 518.9K | 467.0K | 443.7K | |
| Cash | 2.9M | 1.4M | 2.6M | 3.2M | 3.7M | 7.2M | |
| Non Current Assets Total | 7.1M | 7.1M | 6.6M | 6.0M | 6.9M | 7.3M | |
| Non Currrent Assets Other | 255.0K | 116.7K | 72.3K | 68.7K | 79.0K | 83.0K | |
| Cash And Short Term Investments | 2.9M | 1.4M | 2.6M | 3.2M | 3.7M | 3.5M | |
| Net Receivables | 7.6M | 8.8M | 7.5M | 7.0M | 8.0M | 5.8M | |
| Common Stock Shares Outstanding | 9.5M | 9.6M | 10.4M | 10.1M | 11.6M | 8.1M | |
| Liabilities And Stockholders Equity | 19.4M | 19.9M | 20.9M | 17.4M | 20.0M | 17.5M | |
| Non Current Liabilities Total | 3.9M | 5.2M | 4.7M | 3.9M | 3.5M | 3.4M | |
| Inventory | 1.3M | 2.1M | 3.8M | 334.4K | 384.5K | 365.3K | |
| Other Current Assets | 419.5K | 561.1K | 417.6K | 378.5K | 340.7K | 432.2K | |
| Other Stockholder Equity | 19.6M | 19.9M | 20.1M | 20.2M | 23.2M | 14.7M | |
| Total Liab | 12.8M | 12.4M | 14.7M | 14.8M | 17.0M | 17.8M | |
| Total Current Assets | 12.2M | 12.8M | 14.3M | 11.4M | 13.1M | 15.4M | |
| Short Term Debt | 3.9M | 341.7K | 377.9K | 416.0K | 478.4K | 454.5K | |
| Property Plant And Equipment Gross | 3.7M | 3.9M | 4.0M | 3.3M | 3.8M | 4.0M | |
| Other Assets | 255.0K | 738.0 | 72.3K | 47.0 | 42.3 | 40.19 | |
| Property Plant Equipment | 243.0K | 215.3K | 3.9M | 3.7M | 4.2M | 4.4M | |
| Current Deferred Revenue | 485.1K | 187.7K | 438.9K | 297.4K | 342.0K | 359.1K | |
| Net Tangible Assets | 4.3M | 3.3M | 4.4M | 3.4M | 3.1M | 2.9M | |
| Intangible Assets | 1.5M | 1.3M | 1.1M | 893.1K | 1.0M | 635.4K |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Forward Industries is a strong investment it is important to analyze Forward Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Forward Industries' future performance. For an informed investment choice regarding Forward Stock, refer to the following important reports:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forward Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
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When running Forward Industries' price analysis, check to measure Forward Industries' 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 Forward Industries is operating at the current time. Most of Forward Industries' value examination focuses on studying past and present price action to predict the probability of Forward Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forward Industries' price. Additionally, you may evaluate how the addition of Forward Industries to your portfolios can decrease your overall portfolio volatility.
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Is Forward Industries' 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 Forward Industries. If investors know Forward 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 Forward Industries 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 (0.85) | Earnings Share (0.05) | Revenue Per Share 3.107 | Quarterly Revenue Growth (0.27) | Return On Assets 0.0075 |
The market value of Forward Industries is measured differently than its book value, which is the value of Forward that is recorded on the company's balance sheet. Investors also form their own opinion of Forward Industries' value that differs from its market value or its book value, called intrinsic value, which is Forward Industries' 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 Forward Industries' market value can be influenced by many factors that don't directly affect Forward Industries' 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 Forward Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Forward Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Forward Industries' 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.