InMode Non Current Assets Total vs Total Current Assets Analysis

INMD Stock  USD 17.72  0.25  1.39%   
InMode financial indicator trend analysis is infinitely more than just investigating InMode recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether InMode is a good investment. Please check the relationship between InMode Non Current Assets Total and its Total Current Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in InMode. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
For information on how to trade InMode Stock refer to our How to Trade InMode Stock guide.

Non Current Assets Total vs Total Current Assets

Non Current Assets Total vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of InMode Non Current Assets Total account and Total Current Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between InMode's Non Current Assets Total and Total Current Assets is 0.91. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of InMode, assuming nothing else is changed. The correlation between historical values of InMode's Non Current Assets Total and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of InMode are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Non Current Assets Total i.e., InMode's Non Current Assets Total and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.91
Relationship DirectionPositive 
Relationship StrengthVery Strong

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from InMode's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into InMode 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in InMode. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
For information on how to trade InMode Stock refer to our How to Trade InMode Stock guide.The current year's Tax Provision is expected to grow to about 20.3 M, whereas Selling General Administrative is forecasted to decline to about 8.4 M.
 2021 2022 2023 2024 (projected)
Interest Income525K3.6M21.6M22.7M
Tax Provision2.9M39.9M19.3M20.3M

InMode fundamental ratios Correlations

0.870.871.00.681.01.00.870.990.940.990.791.00.990.790.871.00.880.990.990.76-0.990.910.691.00.86
0.870.970.860.830.890.850.950.860.780.850.890.880.870.830.980.870.960.880.820.82-0.860.930.680.870.89
0.870.970.850.780.90.840.980.840.790.820.880.870.880.831.00.870.950.880.80.86-0.850.930.730.860.89
1.00.860.850.660.991.00.860.990.940.990.771.00.990.780.861.00.870.990.990.75-0.990.90.691.00.85
0.680.830.780.660.70.620.680.690.480.650.960.680.630.850.820.680.780.660.60.88-0.660.620.340.670.76
1.00.890.90.990.70.990.90.980.920.970.811.00.990.820.91.00.910.990.970.79-0.980.920.71.00.88
1.00.850.841.00.620.990.860.980.950.990.740.990.990.740.841.00.860.991.00.7-0.980.90.691.00.82
0.870.950.980.860.680.90.860.850.830.840.810.880.90.770.970.870.950.890.820.75-0.860.970.810.870.88
0.990.860.840.990.690.980.980.850.940.990.810.990.980.810.850.990.840.960.980.77-1.00.890.720.990.86
0.940.780.790.940.480.920.950.830.940.950.660.930.970.620.780.930.740.910.940.59-0.940.870.80.930.72
0.990.850.820.990.650.970.990.840.990.950.760.990.980.740.830.990.830.970.990.7-0.980.880.680.990.81
0.790.890.880.770.960.810.740.810.810.660.760.790.760.910.90.790.850.770.710.91-0.790.760.570.780.86
1.00.880.871.00.681.00.990.880.990.930.990.790.990.80.871.00.890.990.990.77-0.990.910.681.00.86
0.990.870.880.990.630.990.990.90.980.970.980.760.990.740.870.990.870.980.980.72-0.980.920.750.990.83
0.790.830.830.780.850.820.740.770.810.620.740.910.80.740.850.790.830.770.720.95-0.810.790.540.790.95
0.870.981.00.860.820.90.840.970.850.780.830.90.870.870.850.870.960.880.810.87-0.850.930.70.870.9
1.00.870.871.00.681.01.00.870.990.930.990.791.00.990.790.870.880.990.990.76-0.990.910.691.00.86
0.880.960.950.870.780.910.860.950.840.740.830.850.890.870.830.960.880.910.830.8-0.850.930.630.880.91
0.990.880.880.990.660.990.990.890.960.910.970.770.990.980.770.880.990.910.980.76-0.970.920.650.990.85
0.990.820.80.990.60.971.00.820.980.940.990.710.990.980.720.810.990.830.980.68-0.970.880.640.990.8
0.760.820.860.750.880.790.70.750.770.590.70.910.770.720.950.870.760.80.760.68-0.750.730.460.760.86
-0.99-0.86-0.85-0.99-0.66-0.98-0.98-0.86-1.0-0.94-0.98-0.79-0.99-0.98-0.81-0.85-0.99-0.85-0.97-0.97-0.75-0.91-0.75-0.99-0.88
0.910.930.930.90.620.920.90.970.890.870.880.760.910.920.790.930.910.930.920.880.73-0.910.790.910.91
0.690.680.730.690.340.70.690.810.720.80.680.570.680.750.540.70.690.630.650.640.46-0.750.790.690.71
1.00.870.861.00.671.01.00.870.990.930.990.781.00.990.790.871.00.880.990.990.76-0.990.910.690.86
0.860.890.890.850.760.880.820.880.860.720.810.860.860.830.950.90.860.910.850.80.86-0.880.910.710.86
Click cells to compare fundamentals

InMode Account Relationship Matchups

InMode fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets218.4M295.8M478.5M644.4M863.3M906.5M
Other Current Liab12.5M15.1M26.8M31.3M34.9M20.4M
Total Current Liabilities32.5M35.0M51.9M82.0M64.1M43.4M
Total Stockholder Equity179.8M255.5M415.8M554.6M787.4M826.7M
Other Liab5.3M4.9M7.6M4.3M4.9M4.8M
Net Tangible Assets176.1M254.0M415.8M554.6M637.8M669.7M
Retained Earnings94.0M169.0M334.0M495.5M693.4M728.1M
Accounts Payable3.7M6.4M8.8M16.2M14.0M8.0M
Cash44.7M68.9M68.1M97.5M144.4M151.6M
Other Assets2.3M3.4M2.1M7.1M8.1M8.5M
Net Receivables10.4M14.1M20.2M28.3M43.6M45.8M
Common Stock Shares Outstanding76.1M84.2M86.0M85.4M86.0M79.1M
Short Term Investments148.6M191.6M347.8M449.8M597.2M627.1M
Inventory9.4M15.0M21.0M39.9M45.1M47.3M
Other Stockholder Equity85.6M84.5M82.9M66.4M95.4M59.5M
Total Liab38.6M40.3M62.7M89.8M75.9M51.0M
Total Current Assets213.2M289.6M470.1M629.4M845.3M887.6M
Common Stock93K108K239K241K245K153.3K
Property Plant Equipment2.3M2.1M5.7M7.4M8.5M8.9M
Property Plant And Equipment Net2.3M2.1M5.7M7.4M12.1M12.7M
Current Deferred Revenue15.6M11.9M13.8M13.8M10.9M11.5M
Net Debt(44.0M)(68.6M)(64.8M)(92.6M)(135.4M)(128.6M)
Non Current Assets Total5.2M6.2M8.4M15.0M18.0M9.2M
Non Currrent Assets Other374K3.4M768K4.0M3.7M2.3M
Cash And Short Term Investments193.4M260.5M415.9M547.4M741.6M778.7M
Liabilities And Stockholders Equity218.4M295.8M478.5M644.4M863.3M906.5M
Non Current Liabilities Total6.1M5.3M10.9M7.8M11.8M8.7M
Net Invested Capital176.1M254.0M415.8M554.6M787.4M826.7M
Property Plant And Equipment Gross2.3M2.1M5.7M7.4M15.5M16.3M
Accumulated Other Comprehensive Income124K356K(1.3M)(7.5M)(1.7M)(1.8M)
Net Working Capital180.7M254.6M418.3M547.4M781.2M820.3M
Short Term Debt672K880K1.2M1.5M2.4M1.6M
Capital Stock93K108K239K241K245K183.3K
Non Current Liabilities Other1.5M2.9M4.8M303K1.4M2.1M

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether InMode is a strong investment it is important to analyze InMode's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact InMode's future performance. For an informed investment choice regarding InMode Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in InMode. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
For information on how to trade InMode Stock refer to our How to Trade InMode Stock guide.
You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Health Care Equipment & Supplies 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 InMode. If investors know InMode 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 InMode 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
0.204
Earnings Share
1.83
Revenue Per Share
5.148
Quarterly Revenue Growth
0.058
Return On Assets
0.105
The market value of InMode is measured differently than its book value, which is the value of InMode that is recorded on the company's balance sheet. Investors also form their own opinion of InMode's value that differs from its market value or its book value, called intrinsic value, which is InMode'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 InMode's market value can be influenced by many factors that don't directly affect InMode'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 InMode's value and its price as these two are different measures arrived at by different means. Investors typically determine if InMode is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, InMode'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.