Nova Net Income From Continuing Ops vs Cost Of Revenue Analysis
NVFY Stock | USD 2.07 0.02 0.98% |
Nova Lifestyle financial indicator trend analysis is infinitely more than just investigating Nova Lifestyle I recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nova Lifestyle I is a good investment. Please check the relationship between Nova Lifestyle Net Income From Continuing Ops and its Cost Of Revenue accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nova Lifestyle I. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
Net Income From Continuing Ops vs Cost Of Revenue
Net Income From Continuing Ops vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nova Lifestyle I Net Income From Continuing Ops account and Cost Of Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between Nova Lifestyle's Net Income From Continuing Ops and Cost Of Revenue is 0.61. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Nova Lifestyle I, assuming nothing else is changed. The correlation between historical values of Nova Lifestyle's Net Income From Continuing Ops and Cost Of Revenue 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 Income From Continuing Ops of Nova Lifestyle I are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Net Income From Continuing Ops i.e., Nova Lifestyle's Net Income From Continuing Ops and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.61 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Income From Continuing Ops
Cost Of Revenue
Cost of Revenue is found on Nova Lifestyle I income statement and represents the costs associated with goods and services Nova Lifestyle provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most indicators from Nova Lifestyle's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nova Lifestyle I 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 Nova Lifestyle I. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. At this time, Nova Lifestyle's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 186.1 K in 2024, whereas Discontinued Operations is likely to drop (24.3 K) in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 32.6M | 29.0M | 17.5M | 16.6M | Depreciation And Amortization | 756.8K | 1.2M | 822.1K | 1.1M |
Nova Lifestyle fundamental ratios Correlations
Click cells to compare fundamentals
Nova Lifestyle Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nova Lifestyle fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 71.6M | 46.5M | 29.5M | 11.5M | 6.2M | 5.9M | |
Total Current Liabilities | 1.5M | 2.0M | 1.8M | 1.6M | 3.7M | 5.8M | |
Total Stockholder Equity | 66.0M | 40.9M | 23.4M | 6.6M | 496.4K | 471.5K | |
Net Tangible Assets | 65.8M | 40.7M | 23.2M | 6.4M | 7.3M | 7.0M | |
Retained Earnings | 26.4M | 351.4K | (19.6M) | (36.7M) | (44.4M) | (42.2M) | |
Accounts Payable | 417.9K | 743.8K | 358.4K | 321.3K | 430.0K | 408.5K | |
Cash | 7.4M | 8.7M | 6.3M | 1.4M | 369.1K | 350.7K | |
Total Liab | 5.5M | 5.6M | 6.1M | 4.9M | 5.7M | 9.7M | |
Total Current Assets | 68.5M | 43.3M | 25.6M | 8.2M | 3.7M | 3.6M | |
Common Stock | 5.7K | 5.8K | 6.8K | 7.2K | 1.9K | 1.8K | |
Other Current Liab | 539.3K | 327.2K | 330.4K | 414.8K | 2.3M | 2.4M | |
Net Debt | (4.7M) | (6.2M) | (2.8M) | 1.5M | 1.7M | 1.1M | |
Non Current Assets Total | 3.1M | 3.2M | 4.0M | 3.3M | 2.5M | 2.4M | |
Net Receivables | 415.1K | 1.1M | 523.0K | 367.7K | 88.3K | 83.8K | |
Common Stock Total Equity | 28.2K | 28.6K | 5.7K | 5.8K | 6.6K | 6.3K | |
Common Stock Shares Outstanding | 1.1M | 1.1M | 1.2M | 1.4M | 1.6M | 1.1M | |
Liabilities And Stockholders Equity | 71.6M | 46.5M | 29.5M | 11.5M | 6.2M | 5.9M | |
Non Current Liabilities Total | 4.0M | 3.5M | 4.3M | 3.3M | 2.1M | 2.0M | |
Inventory | 29.7M | 32.8M | 17.7M | 4.9M | 2.3M | 2.2M | |
Other Stockholder Equity | 39.6M | 39.8M | 42.7M | 43.2M | 44.4M | 34.1M | |
Property Plant And Equipment Gross | 2.8M | 2.8M | 4.2M | 3.4M | 2.6M | 2.5M | |
Intangible Assets | 4.2M | 3.8M | 19.2K | 13.8K | 8.5K | 8.0K | |
Other Liab | 1.8M | 1.6M | 1.5M | 1.2M | 1.0M | 989.8K | |
Property Plant And Equipment Net | 2.8M | 2.8M | 3.7M | 3.1M | 2.2M | 2.1M | |
Current Deferred Revenue | 26.5K | 266.2K | 394.4K | 170.1K | 306.5K | 206.9K | |
Other Assets | 43.3K | 191.8K | 72.7K | 71.1K | 1.0 | 0.95 | |
Cash And Short Term Investments | 7.4M | 8.7M | 6.3M | 1.4M | 369.1K | 350.7K | |
Retained Earnings Total Equity | 29.7M | 35.0M | 26.4M | 351.4K | 404.1K | 383.9K | |
Capital Surpluse | 38.7M | 39.8M | 40.2M | 40.4M | 46.4M | 34.1M | |
Other Current Assets | 30.9M | 599.5K | 1.1M | 1.6M | 984.9K | 935.7K | |
Non Current Liabilities Other | 4.5M | 3.4M | 4.0M | 3.4M | 3.0M | 2.9M | |
Property Plant Equipment | 136.5K | 2.8M | 3.7M | 3.0M | 2.7M | 4.2M | |
Short Long Term Debt Total | 2.7M | 2.6M | 3.5M | 2.9M | 2.1M | 2.0M | |
Short Term Debt | 481.1K | 688.1K | 731.3K | 736.4K | 702.0K | 666.9K |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Nova Lifestyle in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Nova Lifestyle's short interest history, or implied volatility extrapolated from Nova Lifestyle options trading.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nova Lifestyle I. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Nova Lifestyle I information on this page should be used as a complementary analysis to other Nova Lifestyle'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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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When running Nova Lifestyle's price analysis, check to measure Nova Lifestyle'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 Nova Lifestyle is operating at the current time. Most of Nova Lifestyle's value examination focuses on studying past and present price action to predict the probability of Nova Lifestyle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Lifestyle's price. Additionally, you may evaluate how the addition of Nova Lifestyle to your portfolios can decrease your overall portfolio volatility.
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Is Nova Lifestyle'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 Nova Lifestyle. If investors know Nova 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 Nova Lifestyle listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.96) | Revenue Per Share 7.123 | Quarterly Revenue Growth 0.011 | Return On Assets (0.45) | Return On Equity (2.17) |
The market value of Nova Lifestyle I is measured differently than its book value, which is the value of Nova that is recorded on the company's balance sheet. Investors also form their own opinion of Nova Lifestyle's value that differs from its market value or its book value, called intrinsic value, which is Nova Lifestyle'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 Nova Lifestyle's market value can be influenced by many factors that don't directly affect Nova Lifestyle'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 Nova Lifestyle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nova Lifestyle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nova Lifestyle'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.