Iridex Stock Working Capital

IRIX Stock

USD 1.80 0.01 0.55%

IRIDEX fundamentals help investors to digest information that contributes to IRIDEX's financial success or failures. It also enables traders to predict the movement of IRIDEX Stock. The fundamental analysis module provides a way to measure IRIDEX's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to IRIDEX stock.

	Last Reported	Projected for Next Year
Net Working Capital	14.5 M	18.6 M
Change In Working Capital	-857 K	-814.1 K

Net Working Capital is likely to rise to about 18.6 M in 2024, despite the fact that Change In Working Capital is likely to grow to (814.1 K).

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IRIDEX Company Working Capital Analysis

IRIDEX's Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .

Working Capital

Current Assets

-

Current Liabilities

More About Working Capital | All Equity Analysis

Current IRIDEX Working Capital

14.48 M

Most of IRIDEX's fundamental indicators, such as Working Capital, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, IRIDEX is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

IRIDEX Working Capital Driver Correlations

Understanding the fundamental principles of building solid financial models for IRIDEX is extremely important. It helps to project a fair market value of IRIDEX Stock properly, considering its historical fundamentals such as Working Capital. Since IRIDEX's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of IRIDEX's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of IRIDEX's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Current Deferred Revenue	Good Will	Short Term Debt	Net Tangible Assets	Capital Surpluse	Net Invested Capital	Net Working Capital	Capital Stock	Long Term Debt Total	Short Long Term Debt
Total Assets		0.66	-0.72	-0.26	0.5	0.88	0.47	0.96	0.31	0.55	0.09	0.63	-0.72	-0.89	0.39	0.27	-0.07	0.11	0.25	-0.03	-0.03
Total Stockholder Equity	0.66		-0.79	0.48	-0.25	0.43	-0.35	0.67	-0.35	-0.01	-0.39	0.03	-0.59	-0.5	0.84	-0.28	0.61	0.58	-0.55	0.52	0.52
Net Debt	-0.72	-0.79		-0.14	0.06	-0.46	0.02	-0.83	0.01	-0.25	0.0	-0.4	0.45	0.54	-0.59	-0.07	-0.43	-0.56	0.24	-0.44	-0.44
Retained Earnings	-0.26	0.48	-0.14		-0.78	-0.51	-0.9	-0.25	-0.63	-0.81	-0.56	-0.67	0.19	0.46	0.67	-0.88	0.9	0.77	-0.84	0.56	0.56
Accounts Payable	0.5	-0.25	0.06	-0.78		0.65	0.91	0.42	0.69	0.62	0.31	0.7	-0.33	-0.61	-0.39	0.54	-0.74	-0.51	0.87	-0.69	-0.69
Net Receivables	0.88	0.43	-0.46	-0.51	0.65		0.6	0.79	0.35	0.78	0.22	0.67	-0.62	-0.88	0.17	0.56	-0.4	-0.26	0.41	-0.15	-0.15
Total Liab	0.47	-0.35	0.02	-0.9	0.91	0.6		0.4	0.83	0.74	0.6	0.77	-0.2	-0.53	-0.53	0.7	-0.81	-0.54	0.95	-0.6	-0.6
Total Current Assets	0.96	0.67	-0.83	-0.25	0.42	0.79	0.4		0.22	0.5	0.05	0.61	-0.72	-0.86	0.42	0.28	0.02	0.17	0.16	0.01	0.01
Intangible Assets	0.31	-0.35	0.01	-0.63	0.69	0.35	0.83	0.22		0.57	0.68	0.59	0.03	-0.24	-0.59	0.46	-0.61	-0.22	0.83	-0.25	-0.25
Common Stock	0.55	-0.01	-0.25	-0.81	0.62	0.78	0.74	0.5	0.57		0.59	0.75	-0.34	-0.65	-0.35	0.91	-0.7	-0.52	0.59	-0.09	-0.09
Property Plant Equipment	0.09	-0.39	0.0	-0.56	0.31	0.22	0.6	0.05	0.68	0.59		0.49	0.36	-0.03	-0.44	0.64	-0.56	-0.29	0.64	-0.13	-0.13
Current Deferred Revenue	0.63	0.03	-0.4	-0.67	0.7	0.67	0.77	0.61	0.59	0.75	0.49		-0.28	-0.68	-0.16	0.68	-0.48	-0.21	0.62	-0.28	-0.28
Good Will	-0.72	-0.59	0.45	0.19	-0.33	-0.62	-0.2	-0.72	0.03	-0.34	0.36	-0.28		0.83	-0.24	-0.12	0.04	0.11	0.03	0.05	0.05
Short Term Debt	-0.89	-0.5	0.54	0.46	-0.61	-0.88	-0.53	-0.86	-0.24	-0.65	-0.03	-0.68	0.83		-0.19	-0.44	0.27	0.19	-0.29	0.18	0.18
Net Tangible Assets	0.39	0.84	-0.59	0.67	-0.39	0.17	-0.53	0.42	-0.59	-0.35	-0.44	-0.16	-0.24	-0.19		-0.49	0.74	0.63	-0.62	0.31	0.31
Capital Surpluse	0.27	-0.28	-0.07	-0.88	0.54	0.56	0.7	0.28	0.46	0.91	0.64	0.68	-0.12	-0.44	-0.49		-0.77	-0.67	0.59	-0.22	-0.22
Net Invested Capital	-0.07	0.61	-0.43	0.9	-0.74	-0.4	-0.81	0.02	-0.61	-0.7	-0.56	-0.48	0.04	0.27	0.74	-0.77		0.9	-0.85	0.6	0.6
Net Working Capital	0.11	0.58	-0.56	0.77	-0.51	-0.26	-0.54	0.17	-0.22	-0.52	-0.29	-0.21	0.11	0.19	0.63	-0.67	0.9		-0.58	0.6	0.6
Capital Stock	0.25	-0.55	0.24	-0.84	0.87	0.41	0.95	0.16	0.83	0.59	0.64	0.62	0.03	-0.29	-0.62	0.59	-0.85	-0.58		-0.69	-0.69
Long Term Debt Total	-0.03	0.52	-0.44	0.56	-0.69	-0.15	-0.6	0.01	-0.25	-0.09	-0.13	-0.28	0.05	0.18	0.31	-0.22	0.6	0.6	-0.69		1.0
Short Long Term Debt	-0.03	0.52	-0.44	0.56	-0.69	-0.15	-0.6	0.01	-0.25	-0.09	-0.13	-0.28	0.05	0.18	0.31	-0.22	0.6	0.6	-0.69	1.0

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Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.

Competition

Predict IRIDEX

Working Capital Over Time

IRIDEX Capital Surpluse

Capital Surpluse

58.47 Million

At this time, IRIDEX's Capital Surpluse is fairly stable compared to the past year.

According to the company's disclosures, IRIDEX has a Working Capital of 14.48 M. This is 96.6% lower than that of the Health Care Equipment & Supplies sector and 98.94% lower than that of the Health Care industry. The working capital for all United States stocks is 99.02% higher than that of the company.

IRIDEX Working Capital Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses IRIDEX's direct or indirect competition against its Working Capital to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of IRIDEX could also be used in its relative valuation, which is a method of valuing IRIDEX by comparing valuation metrics of similar companies.

IRIDEX is currently under evaluation in working capital category among its peers.

IRIDEX Fundamentals

	Return On Equity	-1.23
	Return On Asset	-0.2
	Profit Margin	(0.22) %
	Operating Margin	(0.21) %
	Current Valuation	28.29 M
	Shares Outstanding	16.64 M
	Shares Owned By Insiders	19.61 %
	Shares Owned By Institutions	19.91 %
	Number Of Shares Shorted	321.14 K
	Price To Earning	(6.30) X
	Price To Book	7.09 X
	Price To Sales	0.60 X
	Revenue	51.87 M
	Gross Profit	25.37 M
	EBITDA	(7.97 M)
	Net Income	(9.57 M)
	Cash And Equivalents	17.97 M
	Cash Per Share	1.12 X
	Total Debt	2.75 M
	Debt To Equity	0.11 %
	Current Ratio	3.19 X
	Book Value Per Share	0.26 X
	Cash Flow From Operations	(6.75 M)
	Short Ratio	17.54 X
	Earnings Per Share	(0.67) X
	Price To Earnings To Growth	(0.44) X
	Target Price	2.0
	Number Of Employees	111
	Beta	0.8
	Market Capitalization	29.95 M
	Total Asset	34.44 M
	Retained Earnings	(79.04 M)
	Working Capital	14.48 M
	Current Asset	30.77 M
	Current Liabilities	7.43 M
	Net Asset	34.44 M

About IRIDEX Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze IRIDEX's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of IRIDEX using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of IRIDEX based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for IRIDEX Stock Analysis

When running IRIDEX's price analysis, check to measure IRIDEX'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 IRIDEX is operating at the current time. Most of IRIDEX's value examination focuses on studying past and present price action to predict the probability of IRIDEX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IRIDEX's price. Additionally, you may evaluate how the addition of IRIDEX to your portfolios can decrease your overall portfolio volatility.

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