Nova Net Interest Income vs Operating Income 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 Interest Income and its Operating Income 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 Interest Income vs Operating Income
Net Interest Income vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nova Lifestyle I Net Interest Income account and Operating Income. At this time, the significance of the direction appears to have pay attention.
The correlation between Nova Lifestyle's Net Interest Income and Operating Income is -0.74. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Operating Income 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 Interest Income and Operating Income 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 Interest Income of Nova Lifestyle I are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Net Interest Income i.e., Nova Lifestyle's Net Interest Income and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.74 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Operating Income
Operating Income is the amount of profit realized from Nova Lifestyle I 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 Nova Lifestyle I 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.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 |
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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. 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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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.