Nova Current Deferred Revenue vs Deferred Long Term Liab Analysis
NVMI Stock | USD 219.11 5.50 2.57% |
Nova financial indicator trend analysis is infinitely more than just investigating Nova recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nova is a good investment. Please check the relationship between Nova Current Deferred Revenue and its Deferred Long Term Liab accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nova. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For more detail on how to invest in Nova Stock please use our How to Invest in Nova guide.
Current Deferred Revenue vs Deferred Long Term Liab
Current Deferred Revenue vs Deferred Long Term Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nova Current Deferred Revenue account and Deferred Long Term Liab. At this time, the significance of the direction appears to have no relationship.
The correlation between Nova's Current Deferred Revenue and Deferred Long Term Liab is 0.09. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Nova, assuming nothing else is changed. The correlation between historical values of Nova's Current Deferred Revenue and Deferred Long Term Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Nova are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Current Deferred Revenue i.e., Nova's Current Deferred Revenue and Deferred Long Term Liab go up and down completely randomly.
Correlation Coefficient | 0.09 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.Most indicators from Nova's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nova 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. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For more detail on how to invest in Nova Stock please use our How to Invest in Nova guide.As of now, Nova's Enterprise Value is increasing as compared to previous years.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 4.2M | 1.3M | 1.3M | 1.2M | Depreciation And Amortization | 8.9M | 14.7M | 10.3M | 10.9M |
Nova fundamental ratios Correlations
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Nova Account Relationship Matchups
Nova fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 400.4M | 655.8M | 805.2M | 984.1M | 1.1B | 1.2B | |
Other Current Liab | 21.8M | 28.4M | 48.9M | 54.8M | 41.3M | 43.4M | |
Total Current Liabilities | 48.1M | 60.9M | 287.9M | 134.1M | 322.8M | 339.0M | |
Total Stockholder Equity | 314.5M | 371.5M | 473.8M | 587.0M | 750.8M | 788.3M | |
Property Plant And Equipment Net | 58.8M | 63.3M | 65.1M | 100.8M | 108.7M | 114.2M | |
Net Debt | 1.6M | (17.9M) | 94.2M | 134.9M | 136.6M | 143.4M | |
Retained Earnings | 193.7M | 241.6M | 334.7M | 478.1M | 614.4M | 645.1M | |
Accounts Payable | 20.7M | 24.1M | 36.2M | 42.7M | 35.2M | 36.9M | |
Cash | 31.7M | 232.3M | 126.7M | 111.1M | 107.6M | 113.0M | |
Non Current Assets Total | 94.3M | 97.1M | 238.6M | 371.2M | 423.6M | 444.8M | |
Non Currrent Assets Other | 1.2M | 3.2M | 3.6M | 3.8M | 4.4M | 2.7M | |
Cash And Short Term Investments | 189.1M | 423.9M | 410.2M | 373.5M | 443.7M | 465.9M | |
Net Receivables | 51.6M | 63.3M | 68.4M | 109.3M | 111.3M | 116.8M | |
Common Stock Shares Outstanding | 28.6M | 28.9M | 29.8M | 31.9M | 32.1M | 25.2M | |
Liabilities And Stockholders Equity | 400.4M | 655.8M | 805.2M | 984.1M | 1.1B | 1.2B | |
Non Current Liabilities Total | 37.8M | 223.3M | 43.5M | 263.1M | 60.2M | 30.9M | |
Inventory | 48.4M | 61.7M | 78.7M | 116.6M | 138.2M | 145.1M | |
Other Current Assets | 17.1M | 9.8M | 9.2M | 13.5M | 17.1M | 17.9M | |
Other Stockholder Equity | 120.7M | 129.3M | 139.8M | 121.4M | 139.7M | 108.4M | |
Total Liab | 85.9M | 284.2M | 331.4M | 397.1M | 383.1M | 402.2M | |
Total Current Assets | 306.2M | 558.7M | 566.5M | 612.9M | 710.2M | 745.7M | |
Accumulated Other Comprehensive Income | 15K | 570K | (814K) | (12.5M) | (3.3M) | (3.2M) | |
Other Liab | 9.1M | 12.6M | 10.0M | 23.0M | 26.4M | 27.8M | |
Other Assets | 8.2M | 6.1M | 9.7M | 23.8M | 27.4M | 28.8M | |
Short Term Investments | 157.3M | 191.6M | 283.5M | 262.4M | 336.1M | 352.9M | |
Property Plant Equipment | 58.8M | 63.3M | 65.1M | 100.8M | 115.9M | 121.7M | |
Current Deferred Revenue | 2.3M | 4.7M | 15.3M | 30.5M | 42.0M | 44.1M | |
Intangible Assets | 7.6M | 5.1M | 2.6M | 43.6M | 39.2M | 41.1M | |
Net Tangible Assets | 286.9M | 346.4M | 451.0M | 494.4M | 568.5M | 596.9M | |
Long Term Investments | 2.8M | 2.5M | 141.1M | 153.9M | 191.4M | 200.9M | |
Non Current Liabilities Other | 5.8M | 8.9M | 6.3M | 7.2M | 6.5M | 5.5M | |
Net Invested Capital | 314.5M | 550.3M | 183.0M | 196.4M | 948.4M | 995.9M |
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When determining whether Nova offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nova's 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 Nova Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nova Stock:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nova. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For more detail on how to invest in Nova Stock please use our How to Invest in Nova guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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When running Nova's price analysis, check to measure Nova'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 is operating at the current time. Most of Nova's value examination focuses on studying past and present price action to predict the probability of Nova'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's price. Additionally, you may evaluate how the addition of Nova to your portfolios can decrease your overall portfolio volatility.
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Is Nova'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. 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 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 0.045 | Earnings Share 4.34 | Revenue Per Share 18.243 | Quarterly Revenue Growth 0.073 | Return On Assets 0.0754 |
The market value of Nova 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's value that differs from its market value or its book value, called intrinsic value, which is Nova'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's market value can be influenced by many factors that don't directly affect Nova'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's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nova is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nova'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.