InnovAge Retained Earnings vs Capital Stock Analysis

INNV Stock

USD 5.73 0.18 3.05%

InnovAge Holding financial indicator trend analysis is infinitely more than just investigating InnovAge Holding Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether InnovAge Holding Corp is a good investment. Please check the relationship between InnovAge Holding Retained Earnings and its Capital Stock accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in InnovAge Holding Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Retained Earnings vs Capital Stock

Retained Earnings vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of InnovAge Holding Corp Retained Earnings account and Capital Stock. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between InnovAge Holding's Retained Earnings and Capital Stock is -0.62. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Capital Stock in the same time period over historical financial statements of InnovAge Holding Corp, assuming nothing else is changed. The correlation between historical values of InnovAge Holding's Retained Earnings and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of InnovAge Holding Corp are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Retained Earnings i.e., InnovAge Holding's Retained Earnings and Capital Stock go up and down completely randomly.

Correlation Coefficient

-0.62

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.

Most indicators from InnovAge Holding's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into InnovAge Holding Corp 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 InnovAge Holding Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, InnovAge Holding's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 674.25 in 2024, whereas Selling General Administrative is likely to drop slightly above 65.7 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	135.4M	101.3M	132.1M	88.7M
Total Revenue	698.6M	688.1M	763.9M	422.0M

Gross Profit Total Revenue

InnovAge Holding fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Good Will	Inventory	Other Current Assets	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt
Total Assets		0.98	0.97	0.94	0.81	0.75	0.09	0.97	0.89	0.93	0.45	0.9	0.99	-0.21	0.8	0.92	0.95	0.98	0.81	0.71	0.88	0.92	-0.78	0.79	-0.12	-0.8
Other Current Liab	0.98		0.99	0.92	0.69	0.75	-0.02	1.0	0.8	0.93	0.4	0.87	0.96	-0.34	0.84	0.91	0.95	0.94	0.86	0.66	0.86	0.93	-0.76	0.86	-0.01	-0.73
Total Current Liabilities	0.97	0.99		0.89	0.67	0.72	-0.05	0.99	0.76	0.93	0.42	0.85	0.95	-0.33	0.84	0.91	0.94	0.91	0.87	0.65	0.86	0.91	-0.73	0.86	0.02	-0.68
Total Stockholder Equity	0.94	0.92	0.89		0.78	0.88	-0.08	0.92	0.91	0.81	0.22	0.73	0.88	-0.23	0.8	0.73	0.92	0.96	0.8	0.64	0.78	0.9	-0.92	0.84	-0.07	-0.94
Other Liab	0.81	0.69	0.67	0.78		0.62	0.25	0.67	0.86	0.69	0.45	0.75	0.81	0.11	0.53	0.72	0.74	0.85	0.53	0.76	0.74	0.69	-0.64	0.45	-0.59	-0.75
Net Tangible Assets	0.75	0.75	0.72	0.88	0.62		-0.46	0.75	0.71	0.69	-0.02	0.49	0.66	-0.53	0.9	0.48	0.77	0.76	0.87	0.48	0.6	0.89	-0.97	0.9	-0.09	-0.83
Retained Earnings	0.09	-0.02	-0.05	-0.08	0.25	-0.46		-0.05	0.27	-0.01	0.41	0.29	0.16	0.75	-0.46	0.28	-0.07	0.15	-0.44	0.1	0.1	-0.22	0.36	-0.5	-0.23	-0.01
Accounts Payable	0.97	1.0	0.99	0.92	0.67	0.75	-0.05		0.8	0.92	0.4	0.86	0.96	-0.34	0.85	0.89	0.95	0.93	0.86	0.65	0.85	0.93	-0.77	0.87	0.04	-0.73
Cash	0.89	0.8	0.76	0.91	0.86	0.71	0.27	0.8		0.75	0.37	0.74	0.85	0.07	0.61	0.75	0.8	0.96	0.6	0.7	0.75	0.78	-0.78	0.59	-0.18	-0.93
Other Assets	0.93	0.93	0.93	0.81	0.69	0.69	-0.01	0.92	0.75		0.51	0.91	0.95	-0.39	0.86	0.93	0.91	0.88	0.87	0.69	0.85	0.95	-0.7	0.76	-0.08	-0.61
Long Term Debt	0.45	0.4	0.42	0.22	0.45	-0.02	0.41	0.4	0.37	0.51		0.63	0.53	0.29	0.18	0.65	0.4	0.42	0.22	0.55	0.36	0.31	0.01	0.05	-0.23	-0.09
Net Receivables	0.9	0.87	0.85	0.73	0.75	0.49	0.29	0.86	0.74	0.91	0.63		0.95	-0.14	0.64	0.96	0.86	0.85	0.64	0.68	0.86	0.79	-0.52	0.55	-0.27	-0.54
Good Will	0.99	0.96	0.95	0.88	0.81	0.66	0.16	0.96	0.85	0.95	0.53	0.95		-0.18	0.76	0.96	0.94	0.96	0.78	0.72	0.89	0.89	-0.69	0.72	-0.18	-0.71
Inventory	-0.21	-0.34	-0.33	-0.23	0.11	-0.53	0.75	-0.34	0.07	-0.39	0.29	-0.14	-0.18		-0.71	-0.13	-0.27	-0.11	-0.67	0.04	-0.22	-0.52	0.41	-0.65	-0.17	0.04
Other Current Assets	0.8	0.84	0.84	0.8	0.53	0.9	-0.46	0.85	0.61	0.86	0.18	0.64	0.76	-0.71		0.67	0.81	0.75	0.99	0.52	0.69	0.96	-0.84	0.94	0.01	-0.62
Total Liab	0.92	0.91	0.91	0.73	0.72	0.48	0.28	0.89	0.75	0.93	0.65	0.96	0.96	-0.13	0.67		0.85	0.87	0.7	0.69	0.86	0.8	-0.49	0.6	-0.16	-0.52
Short Long Term Debt	0.95	0.95	0.94	0.92	0.74	0.77	-0.07	0.95	0.8	0.91	0.4	0.86	0.94	-0.27	0.81	0.85		0.92	0.83	0.69	0.86	0.91	-0.81	0.82	-0.08	-0.76
Total Current Assets	0.98	0.94	0.91	0.96	0.85	0.76	0.15	0.93	0.96	0.88	0.42	0.85	0.96	-0.11	0.75	0.87	0.92		0.75	0.72	0.85	0.89	-0.8	0.73	-0.16	-0.88
Short Term Debt	0.81	0.86	0.87	0.8	0.53	0.87	-0.44	0.86	0.6	0.87	0.22	0.64	0.78	-0.67	0.99	0.7	0.83	0.75		0.53	0.71	0.96	-0.81	0.94	0.02	-0.6
Intangible Assets	0.71	0.66	0.65	0.64	0.76	0.48	0.1	0.65	0.7	0.69	0.55	0.68	0.72	0.04	0.52	0.69	0.69	0.72	0.53		0.78	0.65	-0.53	0.45	-0.17	-0.58
Common Stock	0.88	0.86	0.86	0.78	0.74	0.6	0.1	0.85	0.75	0.85	0.36	0.86	0.89	-0.22	0.69	0.86	0.86	0.85	0.71	0.78		0.81	-0.61	0.65	-0.18	-0.62
Property Plant Equipment	0.92	0.93	0.91	0.9	0.69	0.89	-0.22	0.93	0.78	0.95	0.31	0.79	0.89	-0.52	0.96	0.8	0.91	0.89	0.96	0.65	0.81		-0.87	0.9	-0.07	-0.74
Short Long Term Debt Total	-0.78	-0.76	-0.73	-0.92	-0.64	-0.97	0.36	-0.77	-0.78	-0.7	0.01	-0.52	-0.69	0.41	-0.84	-0.49	-0.81	-0.8	-0.81	-0.53	-0.61	-0.87		-0.85	0.0	0.91
Property Plant And Equipment Net	0.79	0.86	0.86	0.84	0.45	0.9	-0.5	0.87	0.59	0.76	0.05	0.55	0.72	-0.65	0.94	0.6	0.82	0.73	0.94	0.45	0.65	0.9	-0.85		0.15	-0.67
Current Deferred Revenue	-0.12	-0.01	0.02	-0.07	-0.59	-0.09	-0.23	0.04	-0.18	-0.08	-0.23	-0.27	-0.18	-0.17	0.01	-0.16	-0.08	-0.16	0.02	-0.17	-0.18	-0.07	0.0	0.15		0.07
Net Debt	-0.8	-0.73	-0.68	-0.94	-0.75	-0.83	-0.01	-0.73	-0.93	-0.61	-0.09	-0.54	-0.71	0.04	-0.62	-0.52	-0.76	-0.88	-0.6	-0.58	-0.62	-0.74	0.91	-0.67	0.07

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InnovAge Holding Account Relationship Matchups

InnovAge Holding fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	409.6M	531.8M	555.6M	567.4M	547.7M	330.1M
Other Current Liab	32.1M	33.2M	47.6M	53.4M	55.4M	27.7M
Total Current Liabilities	76.6M	78.6M	105.3M	148.5M	138.6M	70.8M
Total Stockholder Equity	101.0M	335.1M	332.4M	296.3M	269.3M	155.0M
Other Liab	7.2M	10.7M	18.9M	7.3M	8.4M	7.6M
Net Tangible Assets	(48.9M)	(20.3M)	202.3M	166.9M	191.9M	201.5M
Retained Earnings	64.7M	11.3M	4.7M	(35.9M)	(68.3M)	(64.9M)
Accounts Payable	28.9M	32.4M	50.6M	54.9M	55.5M	28.2M
Cash	112.9M	201.5M	184.4M	127.2M	56.9M	82.0M
Other Assets	4.1M	3.0M	2.8M	3.8M	4.4M	4.6M
Net Receivables	48.1M	38.0M	42.7M	24.6M	51.4M	28.6M
Inventory	1.7M	2.2M	1.0	(262K)	(3.3M)	(3.2M)
Other Current Assets	4.3M	9.2M	13.9M	17.4M	22.3M	23.4M
Total Liab	301.9M	173.8M	201.9M	252.6M	247.9M	163.3M
Short Long Term Debt	3.3M	1.9M	3.8M	3.8M	4.4M	2.7M
Total Current Assets	166.9M	250.9M	241.0M	215.2M	173.1M	129.1M
Short Term Debt	3.4M	5.9M	7.2M	12.0M	12.5M	13.2M
Intangible Assets	5.2M	6.5M	5.9M	5.2M	4.5M	5.4M
Property Plant Equipment	101.2M	102.5M	176.3M	213.4M	245.4M	257.7M
Short Long Term Debt Total	218.0M	82.6M	84.8M	108.8M	113.0M	106.9M
Property Plant And Equipment Net	102.5M	142.7M	176.3M	213.4M	221.4M	175.5M
Net Debt	105.1M	(118.8M)	(99.6M)	(18.4M)	56.1M	58.9M
Non Current Assets Total	242.7M	280.8M	314.6M	352.1M	374.5M	331.6M
Non Currrent Assets Other	3.0M	(3.0M)	(4.5M)	(1K)	(26.2M)	(24.9M)
Cash And Short Term Investments	112.9M	201.5M	184.4M	173.5M	102.8M	153.0M
Liabilities And Stockholders Equity	409.6M	531.8M	555.6M	567.4M	547.7M	545.5M
Non Current Liabilities Total	225.3M	95.2M	96.5M	104.1M	109.3M	110.5M
Other Stockholder Equity	36.1M	323.8M	327.5M	332.1M	337.4M	255.3M
Property Plant And Equipment Gross	102.5M	233.3M	213.4M	284.1M	308.9M	227.9M

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