Novocure Operating Income vs Total Operating Expenses Analysis
NVCR Stock | USD 21.51 0.66 2.98% |
Novocure financial indicator trend analysis is infinitely more than just investigating Novocure recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Novocure is a good investment. Please check the relationship between Novocure Operating Income and its Total Operating Expenses accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Novocure. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Novocure Stock, please use our How to Invest in Novocure guide.
Operating Income vs Total Operating Expenses
Operating Income vs Total Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Novocure Operating Income account and Total Operating Expenses. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Novocure's Operating Income and Total Operating Expenses is -0.51. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Novocure, assuming nothing else is changed. The correlation between historical values of Novocure's Operating Income and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Novocure are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Operating Income i.e., Novocure's Operating Income and Total Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.51 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Operating Income
Operating Income is the amount of profit realized from Novocure operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Novocure is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most indicators from Novocure's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Novocure 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Novocure. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Novocure Stock, please use our How to Invest in Novocure guide.As of 05/17/2024, Selling General Administrative is likely to drop to about 87.6 M. In addition to that, Tax Provision is likely to drop to about 9.1 M
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.4M | 3.3M | 3.3M | 3.2M | Depreciation And Amortization | 10.3M | 10.6M | 11.0M | 7.8M |
Novocure fundamental ratios Correlations
Click cells to compare fundamentals
Novocure Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Novocure fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 479.4M | 1.1B | 1.1B | 1.2B | 1.1B | 651.0M | |
Short Long Term Debt Total | 163.6M | 444.2M | 575.2M | 584.3M | 596.2M | 626.1M | |
Other Current Liab | (1K) | 35.7M | (17.8M) | (18.0M) | (16.2M) | (15.4M) | |
Total Current Liabilities | 86.3M | 113.6M | 142.6M | 158.8M | 179.1M | 188.1M | |
Total Stockholder Equity | 217.8M | 476.5M | 410.5M | 441.2M | 362.5M | 279.7M | |
Other Liab | 11.7M | 17.6M | 11.2M | 7.4M | 8.5M | 8.8M | |
Net Tangible Assets | 217.8M | 476.5M | 410.5M | 441.2M | 507.3M | 267.8M | |
Property Plant And Equipment Net | 34.6M | 41.6M | 53.9M | 69.0M | 97.7M | 102.6M | |
Net Debt | (13.8M) | 209.5M | 366.4M | 468.9M | 355.4M | 373.2M | |
Retained Earnings | (650.9M) | (631.1M) | (685.9M) | (778.5M) | (985.5M) | (936.2M) | |
Accounts Payable | 36.9M | 53.6M | 72.6M | 85.2M | 94.4M | 99.1M | |
Cash | 177.3M | 234.7M | 208.8M | 115.3M | 240.8M | 164.9M | |
Non Current Assets Total | 39.5M | 52.5M | 66.0M | 80.1M | 111.7M | 117.3M | |
Non Currrent Assets Other | 4.9M | 10.9M | 12.1M | 11.2M | 14.0M | 14.7M | |
Other Assets | 4.9M | 10.9M | 12.1M | 11.2M | 12.8M | 13.5M | |
Long Term Debt | 149.4M | 429.9M | 562.2M | 565.5M | 568.8M | 597.3M | |
Cash And Short Term Investments | 326.1M | 842.6M | 937.7M | 969.4M | 910.6M | 518.3M | |
Net Receivables | 88.1M | 117.9M | 110.6M | 112.2M | 77.1M | 63.0M | |
Common Stock Shares Outstanding | 97.2M | 108.9M | 103.4M | 104.7M | 106.4M | 96.1M | |
Short Term Investments | 148.8M | 607.9M | 728.9M | 854.1M | 669.8M | 353.5M | |
Liabilities And Stockholders Equity | 479.4M | 1.1B | 1.1B | 1.2B | 1.1B | 651.0M | |
Non Current Liabilities Total | 175.3M | 461.8M | 586.4M | 591.7M | 604.5M | 634.7M | |
Inventory | 23.7M | 27.4M | 24.4M | 29.4M | 38.2M | 23.2M | |
Other Current Assets | 1K | 11.5M | 807K | 6.7M | 8.5M | 4.5M | |
Other Stockholder Equity | 871.4M | 1.1B | 1.1B | 1.2B | 1.4B | 916.6M | |
Total Liab | 261.7M | 575.5M | 729.0M | 750.5M | 783.6M | 822.8M | |
Total Current Assets | 439.9M | 999.4M | 1.1B | 1.1B | 1.0B | 607.6M | |
Accumulated Other Comprehensive Income | (2.8M) | (3.8M) | (3.2M) | (2.4M) | (5.5M) | (5.2M) | |
Property Plant Equipment | 34.6M | 11.4M | 53.9M | 32.7M | 37.6M | 22.9M | |
Retained Earnings Total Equity | (650.9M) | (631.1M) | (685.9M) | (778.5M) | (700.6M) | (735.6M) | |
Current Deferred Revenue | 11.8M | 17.8M | 17.8M | 18.0M | 16.2M | 13.4M | |
Long Term Debt Total | 149.5M | 429.9M | 562.2M | 565.5M | 650.3M | 682.9M | |
Capital Surpluse | 871.4M | 1.1B | 1.1B | 1.2B | 1.4B | 1.0B | |
Non Current Liabilities Other | 182K | 31.9M | 166K | 148K | 18K | 17.1K | |
Net Invested Capital | 367.2M | 906.4M | 972.7M | 1.0B | 931.3M | 731.9M | |
Net Working Capital | 353.6M | 885.8M | 930.9M | 952.8M | 855.3M | 696.2M |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Novocure. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Novocure Stock, please use our How to Invest in Novocure guide.Note that the Novocure information on this page should be used as a complementary analysis to other Novocure's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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Is Novocure'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 Novocure. If investors know Novocure 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 Novocure 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 (0.06) | Earnings Share (1.81) | Revenue Per Share 4.922 | Quarterly Revenue Growth 0.134 | Return On Assets (0.11) |
The market value of Novocure is measured differently than its book value, which is the value of Novocure that is recorded on the company's balance sheet. Investors also form their own opinion of Novocure's value that differs from its market value or its book value, called intrinsic value, which is Novocure'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 Novocure's market value can be influenced by many factors that don't directly affect Novocure'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 Novocure's value and its price as these two are different measures arrived at by different means. Investors typically determine if Novocure is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Novocure'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.