Ingles Common Stock Shares Outstanding vs Non Currrent Assets Other Analysis

IMKTA Stock  USD 70.12  0.58  0.82%   
Ingles Markets financial indicator trend analysis is infinitely more than just investigating Ingles Markets recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ingles Markets is a good investment. Please check the relationship between Ingles Markets Common Stock Shares Outstanding and its Non Currrent Assets Other accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ingles Markets Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Common Stock Shares Outstanding vs Non Currrent Assets Other

Common Stock Shares Outstanding vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ingles Markets Common Stock Shares Outstanding account and Non Currrent Assets Other. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Ingles Markets' Common Stock Shares Outstanding and Non Currrent Assets Other is -0.56. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Ingles Markets Incorporated, assuming nothing else is changed. The correlation between historical values of Ingles Markets' Common Stock Shares Outstanding and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Ingles Markets Incorporated are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Common Stock Shares Outstanding i.e., Ingles Markets' Common Stock Shares Outstanding and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

-0.56
Relationship DirectionNegative 
Relationship StrengthVery Weak

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Ingles Markets' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ingles Markets 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ingles Markets Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
At present, Ingles Markets' Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 5.93, whereas Selling General Administrative is forecasted to decline to about 680.8 M.
 2021 2022 2023 2024 (projected)
Gross Profit1.4B1.4B1.6B1.7B
Total Revenue5.7B5.9B6.8B7.1B

Ingles Markets fundamental ratios Correlations

0.18-0.10.640.910.68-0.220.90.780.7-0.340.780.990.50.31.00.43-0.270.450.90.94-0.010.770.72-0.32-0.32
0.18-0.150.31-0.240.580.9-0.26-0.370.53-0.49-0.370.050.670.980.190.280.610.93-0.2-0.09-0.110.320.090.610.61
-0.1-0.150.16-0.04-0.08-0.13-0.050.02-0.07-0.20.02-0.11-0.1-0.2-0.090.290.1-0.13-0.02-0.030.450.03-0.150.240.22
0.640.310.160.50.840.070.480.290.85-0.310.30.650.480.350.620.4-0.090.60.550.50.330.890.810.220.21
0.91-0.24-0.040.50.43-0.611.00.940.47-0.140.940.950.19-0.120.910.3-0.520.050.970.980.020.620.65-0.59-0.58
0.680.58-0.080.840.430.30.430.231.0-0.450.230.640.460.690.670.320.050.840.460.48-0.150.930.620.150.14
-0.220.9-0.130.07-0.610.3-0.62-0.730.24-0.31-0.73-0.330.470.83-0.220.10.690.73-0.56-0.5-0.090.01-0.150.750.75
0.9-0.26-0.050.481.00.43-0.620.940.47-0.110.940.940.15-0.130.90.27-0.540.040.970.97-0.030.610.64-0.63-0.62
0.78-0.370.020.290.940.23-0.730.940.27-0.091.00.810.09-0.260.790.24-0.53-0.130.910.940.030.430.46-0.66-0.65
0.70.53-0.070.850.471.00.240.470.27-0.430.270.660.420.640.690.310.00.80.50.51-0.150.940.640.110.1
-0.34-0.49-0.2-0.31-0.14-0.45-0.31-0.11-0.09-0.43-0.08-0.22-0.56-0.52-0.35-0.31-0.17-0.53-0.05-0.22-0.17-0.36-0.03-0.41-0.43
0.78-0.370.020.30.940.23-0.730.941.00.27-0.080.810.09-0.260.790.24-0.53-0.130.910.940.030.440.47-0.66-0.65
0.990.05-0.110.650.950.64-0.330.940.810.66-0.220.810.40.170.980.38-0.360.340.940.95-0.010.760.77-0.41-0.4
0.50.67-0.10.480.190.460.470.150.090.42-0.560.090.40.630.490.540.240.680.220.320.390.40.40.450.49
0.30.98-0.20.35-0.120.690.83-0.13-0.260.64-0.52-0.260.170.630.30.270.520.96-0.090.02-0.250.450.140.490.49
1.00.19-0.090.620.910.67-0.220.90.790.69-0.350.790.980.490.30.43-0.250.440.890.95-0.020.750.69-0.33-0.32
0.430.280.290.40.30.320.10.270.240.31-0.310.240.380.540.270.430.270.350.290.380.340.360.080.20.22
-0.270.610.1-0.09-0.520.050.69-0.54-0.530.0-0.17-0.53-0.360.240.52-0.250.270.42-0.49-0.410.02-0.17-0.350.60.59
0.450.93-0.130.60.050.840.730.04-0.130.8-0.53-0.130.340.680.960.440.350.420.090.17-0.120.650.360.480.48
0.9-0.2-0.020.550.970.46-0.560.970.910.5-0.050.910.940.22-0.090.890.29-0.490.090.960.020.640.74-0.56-0.55
0.94-0.09-0.030.50.980.48-0.50.970.940.51-0.220.940.950.320.020.950.38-0.410.170.960.020.640.62-0.52-0.5
-0.01-0.110.450.330.02-0.15-0.09-0.030.03-0.15-0.170.03-0.010.39-0.25-0.020.340.02-0.120.020.02-0.050.210.480.48
0.770.320.030.890.620.930.010.610.430.94-0.360.440.760.40.450.750.36-0.170.650.640.64-0.050.71-0.03-0.03
0.720.09-0.150.810.650.62-0.150.640.460.64-0.030.470.770.40.140.690.08-0.350.360.740.620.210.71-0.1-0.1
-0.320.610.240.22-0.590.150.75-0.63-0.660.11-0.41-0.66-0.410.450.49-0.330.20.60.48-0.56-0.520.48-0.03-0.11.0
-0.320.610.220.21-0.580.140.75-0.62-0.650.1-0.43-0.65-0.40.490.49-0.320.220.590.48-0.55-0.50.48-0.03-0.11.0
Click cells to compare fundamentals

Ingles Markets Account Relationship Matchups

Ingles Markets fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.9B2.0B2.3B2.5B2.8B3.0B
Short Long Term Debt Total605.5M589.5M571.9M550.2M632.7M562.6M
Other Current Liab4.0M4.1M102.8M5.6M5.0M4.8M
Total Current Liabilities323.8M378.9M333.8M330.5M380.1M224.3M
Total Stockholder Equity819.3M983.3M1.3B1.5B1.7B1.8B
Property Plant And Equipment Net1.4B1.4B1.4B1.4B1.6B893.5M
Net Debt598.6M519.2M304.7M221.6M254.9M242.1M
Retained Earnings816.3M985.7M1.2B1.4B1.7B1.7B
Cash6.9M70.3M267.2M328.5M377.8M396.7M
Non Current Assets Total1.4B1.4B1.5B1.5B1.7B916.9M
Non Currrent Assets Other(73.3B)72.1M(73.5B)(67.1B)(60.4B)(57.4B)
Cash And Short Term Investments6.9M75.3M267.2M328.5M377.8M396.7M
Net Receivables81.4M95.1M97.2M107.6M123.7M129.9M
Liabilities And Stockholders Equity1.9B2.0B2.3B2.5B2.8B3.0B
Non Current Liabilities Total756.2M656.2M702.1M684.3M787.0M632.3M
Inventory366.8M390.0M457.9M493.9M567.9M596.3M
Other Current Assets15.1M15.1M15.8M22.6M26.0M27.3M
Other Stockholder Equity12.3M462.0(425.0)(140.0)(161.0)(152.95)
Total Liab1.1B1.0B1.0B1.0B1.2B856.5M
Property Plant And Equipment Gross1.4B2.9B3.0B3.2B3.6B3.8B
Total Current Assets470.2M575.4M838.1M952.6M1.1B1.2B
Accumulated Other Comprehensive Income(10.3M)(3.4M)12.4M13.2M11.9M12.5M
Short Term Debt19.3M17.6M17.6M17.5M15.8M24.0M
Accounts Payable204.1M189.4M213.4M204.0M234.6M144.9M
Current Deferred Revenue78.6M96.4M167.7M103.4M118.9M112.9M
Other Liab117.4M129.0M123.2M115.1M132.3M138.9M
Other Assets26.0M28.0M32.0M44.8M51.5M54.0M
Long Term Debt586.2M571.9M554.3M532.6M612.5M753.9M
Property Plant Equipment1.3B1.4B1.4B1.4B1.6B1.2B
Net Tangible Assets662.7M819.3M983.3M1.3B1.4B1.5B
Retained Earnings Total Equity582.1M650.7M985.7M1.2B1.4B1.5B
Long Term Debt Total852.7M839.6M571.9M554.3M498.9M643.6M
Deferred Long Term Liab74.5M75.5M72.8M73.6M84.6M74.6M
Non Current Liabilities Other55.7M84.3M41.5M84.5M97.2M102.1M
Short Long Term Debt19.3M17.6M17.6M17.5M20.2M15.8M
Net Invested Capital1.4B1.6B1.8B550.2M495.1M470.4M

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Additional Information and Resources on Investing in Ingles Stock

When determining whether Ingles Markets offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ingles Markets' 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 Ingles Markets Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ingles Markets Incorporated Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ingles Markets Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Is Consumer Staples Distribution & Retail 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 Ingles Markets. If investors know Ingles 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 Ingles Markets 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
(0.21)
Dividend Share
0.66
Earnings Share
9.27
Revenue Per Share
308.902
Quarterly Revenue Growth
(0.01)
The market value of Ingles Markets is measured differently than its book value, which is the value of Ingles that is recorded on the company's balance sheet. Investors also form their own opinion of Ingles Markets' value that differs from its market value or its book value, called intrinsic value, which is Ingles Markets' 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 Ingles Markets' market value can be influenced by many factors that don't directly affect Ingles Markets' 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 Ingles Markets' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ingles Markets is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ingles Markets' 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.