Eltek Other Operating Expenses vs Total Operating Expenses Analysis

ELTK Stock  USD 10.72  0.28  2.55%   
Eltek financial indicator trend analysis is much more than just examining Eltek latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eltek is a good investment. Please check the relationship between Eltek Other Operating Expenses and its Total Operating Expenses accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eltek. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.

Other Operating Expenses vs Total Operating Expenses

Other Operating Expenses vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eltek Other Operating Expenses account and Total Operating Expenses. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Eltek's Other Operating Expenses and Total Operating Expenses is 0.92. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Eltek, assuming nothing else is changed. The correlation between historical values of Eltek's Other Operating Expenses 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 Other Operating Expenses of Eltek 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 Other Operating Expenses i.e., Eltek's Other Operating Expenses and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.92
Relationship DirectionPositive 
Relationship StrengthVery Strong

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Eltek. It is also known as Eltek overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

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 Eltek's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eltek 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eltek. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.At this time, Eltek's Tax Provision is quite stable compared to the past year. Enterprise Value Over EBITDA is expected to rise to 9.72 this year, although the value of Selling General Administrative will most likely fall to about 5.3 M.
 2021 2022 2023 2024 (projected)
Interest Expense488K129K84K79.8K
Depreciation And Amortization1.8M1.5M1.3M1.7M

Eltek fundamental ratios Correlations

0.420.42-0.470.830.94-0.450.630.140.80.950.750.750.770.820.610.840.770.97-0.66-0.20.570.560.540.380.09
0.42-0.01-0.410.290.550.36-0.2-0.720.520.50.420.070.630.7-0.20.580.640.320.090.030.530.170.56-0.080.16
0.42-0.01-0.010.670.29-0.690.740.310.620.290.70.470.50.180.320.150.290.49-0.440.060.240.790.180.71-0.13
-0.47-0.41-0.01-0.46-0.630.15-0.190.46-0.5-0.66-0.4-0.05-0.44-0.790.22-0.45-0.05-0.290.63-0.35-0.72-0.04-0.74-0.10.31
0.830.290.67-0.460.81-0.750.840.170.940.820.940.60.860.690.470.640.560.77-0.79-0.140.530.830.490.59-0.05
0.940.550.29-0.630.81-0.340.51-0.080.790.970.730.660.820.930.410.870.730.86-0.68-0.170.640.480.630.290.09
-0.450.36-0.690.15-0.75-0.34-0.92-0.59-0.61-0.39-0.69-0.36-0.37-0.15-0.49-0.1-0.06-0.470.750.0-0.22-0.72-0.16-0.740.26
0.63-0.20.74-0.190.840.51-0.920.560.680.570.730.560.510.340.660.290.320.64-0.81-0.180.180.740.130.58-0.11
0.14-0.720.310.460.17-0.08-0.590.56-0.060.00.020.46-0.21-0.340.66-0.170.020.25-0.32-0.25-0.330.19-0.380.260.07
0.80.520.62-0.50.940.79-0.610.68-0.060.810.980.40.870.750.30.610.610.73-0.620.030.670.80.640.61-0.1
0.950.50.29-0.660.820.97-0.390.570.00.810.730.620.770.930.450.80.70.85-0.73-0.110.650.440.640.260.05
0.750.420.7-0.40.940.73-0.690.730.020.980.730.420.860.640.320.560.560.71-0.60.00.60.890.560.71-0.11
0.750.070.47-0.050.60.66-0.360.560.460.40.620.420.540.450.730.680.670.81-0.51-0.490.120.450.090.190.17
0.770.630.5-0.440.860.82-0.370.51-0.210.870.770.860.540.750.310.820.680.72-0.48-0.280.520.770.50.380.09
0.820.70.18-0.790.690.93-0.150.34-0.340.750.930.640.450.750.170.780.640.69-0.610.010.70.310.720.12-0.03
0.61-0.20.320.220.470.41-0.490.660.660.30.450.320.730.310.170.420.540.7-0.42-0.67-0.220.42-0.260.120.14
0.840.580.15-0.450.640.87-0.10.29-0.170.610.80.560.680.820.780.420.710.81-0.41-0.420.430.450.420.130.25
0.770.640.29-0.050.560.73-0.060.320.020.610.70.560.670.680.640.540.710.77-0.2-0.420.250.450.240.080.34
0.970.320.49-0.290.770.86-0.470.640.250.730.850.710.810.720.690.70.810.77-0.56-0.270.470.60.430.450.11
-0.660.09-0.440.63-0.79-0.680.75-0.81-0.32-0.62-0.73-0.6-0.51-0.48-0.61-0.42-0.41-0.2-0.560.04-0.38-0.44-0.37-0.360.24
-0.20.030.06-0.35-0.14-0.170.0-0.18-0.250.03-0.110.0-0.49-0.280.01-0.67-0.42-0.42-0.270.040.58-0.240.590.34-0.35
0.570.530.24-0.720.530.64-0.220.18-0.330.670.650.60.120.520.7-0.220.430.250.47-0.380.580.251.00.51-0.2
0.560.170.79-0.040.830.48-0.720.740.190.80.440.890.450.770.310.420.450.450.6-0.44-0.240.250.190.74-0.02
0.540.560.18-0.740.490.63-0.160.13-0.380.640.640.560.090.50.72-0.260.420.240.43-0.370.591.00.190.43-0.2
0.38-0.080.71-0.10.590.29-0.740.580.260.610.260.710.190.380.120.120.130.080.45-0.360.340.510.740.43-0.23
0.090.16-0.130.31-0.050.090.26-0.110.07-0.10.05-0.110.170.09-0.030.140.250.340.110.24-0.35-0.2-0.02-0.2-0.23
Click cells to compare fundamentals

Eltek Account Relationship Matchups

Eltek fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets22.8M35.2M42.8M41.5M47.2M28.0M
Short Long Term Debt Total8.5M11.2M13.7M11.3M6.7M8.2M
Other Current Liab206K407K384K4.1M5.7M6.0M
Total Current Liabilities14.8M9.7M9.3M10.5M14.0M14.1M
Total Stockholder Equity6.3M15.3M21.1M21.0M26.9M28.2M
Property Plant And Equipment Net9.3M16.2M16.3M15.4M15.9M11.4M
Net Debt6.8M6.5M4.5M3.9M(2.6M)(2.5M)
Retained Earnings(19.7M)(17.1M)(12.1M)(9.9M)(4.8M)(5.1M)
Accounts Payable4.7M4.5M4.0M4.8M7.5M6.0M
Cash1.6M4.7M9.3M7.4M9.3M9.7M
Non Current Assets Total9.3M16.3M20.2M18.1M17.1M12.7M
Cash And Short Term Investments1.6M4.7M9.3M7.4M12.1M12.7M
Net Receivables7.6M9.8M7.8M10.4M11.3M8.0M
Common Stock Shares Outstanding3.7M4.5M5.9M5.8M6.0M6.3M
Liabilities And Stockholders Equity22.8M35.2M42.8M41.5M47.2M28.0M
Non Current Liabilities Total1.8M10.2M12.5M10.0M6.3M4.2M
Inventory3.7M3.7M4.9M5.1M6.1M4.3M
Total Liab16.6M19.9M21.7M20.5M20.3M18.3M
Total Current Assets13.5M18.8M22.6M23.4M30.1M15.3M
Accumulated Other Comprehensive Income3.4M4.2M5.0M2.7M2.7M2.6M
Short Term Debt7.0M1.4M1.6M1.5M789K749.6K
Non Currrent Assets Other60K64K292K261K931K977.6K
Other Current Assets530K619K586K786K547K472.1K
Property Plant And Equipment Gross9.3M16.2M16.3M15.4M54.6M57.3M
Other Liab313K422K344K280K252K349.8K
Long Term Debt387K1.5M3.9M2.8M2.5M1.8M
Property Plant Equipment9.3M16.2M16.3M14.8M17.1M11.1M
Current Deferred Revenue2.9M2.9M3.4M3.2M3.7M2.8M
Other Assets60K126K3.9M2.8M3.2M3.3M
Net Tangible Assets6.3M15.3M21.1M21.0M24.2M25.4M
Short Long Term Debt5.6M676K708K702K631.8K600.2K
Net Invested Capital12.2M17.4M25.7M24.5M26.9M20.4M
Net Working Capital(1.2M)9.1M13.3M12.9M16.1M16.9M

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When determining whether Eltek is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Eltek Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Eltek Stock. Highlighted below are key reports to facilitate an investment decision about Eltek Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eltek. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.
You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Is Electronic Equipment, Instruments & Components space 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 Eltek. If investors know Eltek 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 Eltek 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
(0.50)
Dividend Share
0.22
Earnings Share
0.94
Revenue Per Share
7.435
Quarterly Revenue Growth
(0.05)
The market value of Eltek is measured differently than its book value, which is the value of Eltek that is recorded on the company's balance sheet. Investors also form their own opinion of Eltek's value that differs from its market value or its book value, called intrinsic value, which is Eltek'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 Eltek's market value can be influenced by many factors that don't directly affect Eltek'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 Eltek's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eltek is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eltek'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.