IRIDEX Net Invested Capital vs Capital Stock Analysis

IRIX Stock

USD 1.77 0.12 6.35%

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

For more information on how to buy IRIDEX Stock please use our How to Invest in IRIDEX guide.

Net Invested Capital vs Capital Stock

Net Invested Capital vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of IRIDEX Net Invested Capital account and Capital Stock. At this time, the significance of the direction appears to have pay attention.

The correlation between IRIDEX's Net Invested Capital and Capital Stock is -0.85. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Capital Stock in the same time period over historical financial statements of IRIDEX, assuming nothing else is changed. The correlation between historical values of IRIDEX's Net Invested Capital 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 Net Invested Capital of IRIDEX 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 Net Invested Capital i.e., IRIDEX's Net Invested Capital and Capital Stock go up and down completely randomly.

Correlation Coefficient

-0.85

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Capital Stock

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

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

For more information on how to buy IRIDEX Stock please use our How to Invest in IRIDEX guide.Selling General Administrative is likely to drop to about 8.2 M in 2024. Discontinued Operations is likely to drop to about 375.2 K in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	22.8M	25.4M	21.8M	19.0M
Total Revenue	53.9M	57.0M	51.9M	40.7M

Gross Profit Total Revenue

IRIDEX fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Property Plant And Equipment Gross	Common Stock Total Equity	Intangible Assets	Common Stock	Other Assets	Property Plant Equipment
Total Assets		0.38	0.7	0.66	0.38	-0.72	-0.26	0.5	0.81	0.48	0.08	0.81	0.88	0.58	0.82	-0.15	0.64	0.47	0.96	0.53	0.08	0.51	0.31	0.55	0.1	0.09
Other Current Liab	0.38		0.44	0.25	0.35	-0.36	-0.27	0.17	0.45	-0.07	-0.06	0.46	0.44	0.25	0.25	-0.13	0.45	0.16	0.45	0.31	0.26	0.46	-0.24	0.34	-0.19	0.1
Total Current Liabilities	0.7	0.44		0.09	0.71	-0.37	-0.77	0.72	0.53	0.32	0.46	0.53	0.79	0.93	0.53	0.02	0.93	0.8	0.68	0.37	0.38	0.85	0.63	0.89	-0.25	0.45
Total Stockholder Equity	0.66	0.25	0.09		-0.14	-0.79	0.48	-0.25	0.66	0.2	-0.54	0.65	0.43	0.0	0.56	-0.17	0.13	-0.35	0.67	0.53	-0.54	0.05	-0.35	-0.01	0.25	-0.39
Property Plant And Equipment Net	0.38	0.35	0.71	-0.14		-0.05	-0.76	0.57	0.25	0.32	0.19	0.25	0.68	0.81	0.22	-0.3	0.82	0.67	0.32	0.14	0.42	0.85	0.47	0.86	-0.22	0.52
Net Debt	-0.72	-0.36	-0.37	-0.79	-0.05		-0.14	0.06	-0.94	0.09	0.4	-0.93	-0.46	-0.21	-0.45	0.14	-0.39	0.02	-0.83	-0.35	0.42	-0.24	0.01	-0.25	0.24	0.0
Retained Earnings	-0.26	-0.27	-0.77	0.48	-0.76	-0.14		-0.78	-0.14	-0.14	-0.63	-0.16	-0.51	-0.8	-0.17	0.06	-0.75	-0.9	-0.25	-0.12	-0.67	-0.75	-0.63	-0.81	0.36	-0.56
Accounts Payable	0.5	0.17	0.72	-0.25	0.57	0.06	-0.78		0.17	0.42	0.74	0.19	0.65	0.64	0.56	-0.09	0.57	0.91	0.42	0.1	0.78	0.53	0.69	0.62	-0.09	0.31
Cash	0.81	0.45	0.53	0.66	0.25	-0.94	-0.14	0.17		-0.05	-0.25	1.0	0.59	0.37	0.5	-0.18	0.54	0.23	0.92	0.44	-0.19	0.38	0.09	0.41	-0.32	0.1
Non Current Assets Total	0.48	-0.07	0.32	0.2	0.32	0.09	-0.14	0.42	-0.05		0.22	-0.05	0.56	0.4	0.45	-0.16	0.27	0.37	0.21	0.13	0.22	0.31	0.39	0.34	0.79	0.16
Non Currrent Assets Other	0.08	-0.06	0.46	-0.54	0.19	0.4	-0.63	0.74	-0.25	0.22		-0.23	0.18	0.38	0.23	0.42	0.25	0.73	0.02	-0.14	0.7	0.19	0.65	0.28	-0.07	0.29
Cash And Short Term Investments	0.81	0.46	0.53	0.65	0.25	-0.93	-0.16	0.19	1.0	-0.05	-0.23		0.6	0.36	0.5	-0.18	0.53	0.25	0.92	0.44	-0.16	0.37	0.1	0.4	-0.32	0.1
Net Receivables	0.88	0.44	0.79	0.43	0.68	-0.46	-0.51	0.65	0.59	0.56	0.18	0.6		0.76	0.8	-0.35	0.8	0.6	0.79	0.45	0.29	0.77	0.35	0.78	0.11	0.22
Common Stock Shares Outstanding	0.58	0.25	0.93	0.0	0.81	-0.21	-0.8	0.64	0.37	0.4	0.38	0.36	0.76		0.43	-0.09	0.95	0.75	0.51	0.37	0.31	0.93	0.62	0.96	-0.16	0.48
Inventory	0.82	0.25	0.53	0.56	0.22	-0.45	-0.17	0.56	0.5	0.45	0.23	0.5	0.8	0.43		-0.24	0.47	0.35	0.76	0.51	0.22	0.37	0.17	0.37	0.17	-0.19
Other Current Assets	-0.15	-0.13	0.02	-0.17	-0.3	0.14	0.06	-0.09	-0.18	-0.16	0.42	-0.18	-0.35	-0.09	-0.24		-0.19	0.01	-0.11	-0.01	-0.06	-0.3	0.2	-0.27	-0.13	-0.01
Other Stockholder Equity	0.64	0.45	0.93	0.13	0.82	-0.39	-0.75	0.57	0.54	0.27	0.25	0.53	0.8	0.95	0.47	-0.19		0.68	0.62	0.38	0.25	0.96	0.5	0.97	-0.27	0.5
Total Liab	0.47	0.16	0.8	-0.35	0.67	0.02	-0.9	0.91	0.23	0.37	0.73	0.25	0.6	0.75	0.35	0.01	0.68		0.4	0.03	0.7	0.62	0.83	0.74	-0.18	0.6
Total Current Assets	0.96	0.45	0.68	0.67	0.32	-0.83	-0.25	0.42	0.92	0.21	0.02	0.92	0.79	0.51	0.76	-0.11	0.62	0.4		0.55	0.02	0.47	0.22	0.5	-0.14	0.05
Short Long Term Debt Total	0.53	0.31	0.37	0.53	0.14	-0.35	-0.12	0.1	0.44	0.13	-0.14	0.44	0.45	0.37	0.51	-0.01	0.38	0.03	0.55		-0.01	0.33	-0.23	0.24	0.05	-0.35
Property Plant And Equipment Gross	0.08	0.26	0.38	-0.54	0.42	0.42	-0.67	0.78	-0.19	0.22	0.7	-0.16	0.29	0.31	0.22	-0.06	0.25	0.7	0.02	-0.01		0.3	0.4	0.31	-0.06	0.29
Common Stock Total Equity	0.51	0.46	0.85	0.05	0.85	-0.24	-0.75	0.53	0.38	0.31	0.19	0.37	0.77	0.93	0.37	-0.3	0.96	0.62	0.47	0.33	0.3		0.41	0.97	-0.18	0.51
Intangible Assets	0.31	-0.24	0.63	-0.35	0.47	0.01	-0.63	0.69	0.09	0.39	0.65	0.1	0.35	0.62	0.17	0.2	0.5	0.83	0.22	-0.23	0.4	0.41		0.57	-0.12	0.68
Common Stock	0.55	0.34	0.89	-0.01	0.86	-0.25	-0.81	0.62	0.41	0.34	0.28	0.4	0.78	0.96	0.37	-0.27	0.97	0.74	0.5	0.24	0.31	0.97	0.57		-0.2	0.59
Other Assets	0.1	-0.19	-0.25	0.25	-0.22	0.24	0.36	-0.09	-0.32	0.79	-0.07	-0.32	0.11	-0.16	0.17	-0.13	-0.27	-0.18	-0.14	0.05	-0.06	-0.18	-0.12	-0.2		-0.18
Property Plant Equipment	0.09	0.1	0.45	-0.39	0.52	0.0	-0.56	0.31	0.1	0.16	0.29	0.1	0.22	0.48	-0.19	-0.01	0.5	0.6	0.05	-0.35	0.29	0.51	0.68	0.59	-0.18

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IRIDEX Account Relationship Matchups

IRIDEX fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	34.8M	28.0M	48.7M	42.3M	34.4M	38.2M
Other Current Liab	4.3M	2.8M	2.5M	1.2M	4.0M	4.0M
Total Current Liabilities	9.8M	8.7M	12.6M	12.5M	13.0M	9.3M
Total Stockholder Equity	22.7M	17.4M	23.3M	17.2M	9.5M	9.0M
Property Plant And Equipment Net	3.5M	1.9M	3.0M	2.1M	3.0M	1.5M
Net Debt	(9.4M)	(7.4M)	(21.2M)	(12.2M)	(4.3M)	(4.5M)
Retained Earnings	(50.6M)	(56.9M)	(62.2M)	(69.7M)	(79.0M)	(75.1M)
Accounts Payable	2.6M	1.1M	3.4M	3.9M	4.5M	4.7M
Cash	12.7M	11.6M	23.9M	13.9M	7.0M	12.7M
Non Current Assets Total	4.3M	2.6M	6.4M	6.5M	7.0M	4.4M
Non Currrent Assets Other	151K	132K	271K	1.5M	1.4M	1.5M
Cash And Short Term Investments	12.7M	11.6M	23.9M	13.9M	7.0M	13.9M
Net Receivables	9.3M	7.3M	9.7M	9.8M	9.7M	8.4M
Common Stock Shares Outstanding	13.7M	13.8M	15.4M	15.9M	16.1M	10.5M
Liabilities And Stockholders Equity	34.8M	28.0M	48.7M	42.3M	34.4M	38.2M
Inventory	8.2M	5.7M	7.6M	10.6M	9.9M	9.6M
Other Current Assets	401K	730K	1.1M	1.5M	856K	1.3M
Other Stockholder Equity	73.1M	74.2M	85.3M	86.8M	88.4M	47.5M
Total Liab	12.1M	10.6M	25.4M	25.1M	24.9M	26.2M
Total Current Assets	30.6M	25.4M	42.3M	35.8M	27.5M	33.8M
Property Plant And Equipment Gross	3.5M	449K	3.0M	2.1M	16.7M	17.6M
Accumulated Other Comprehensive Income	80K	(19K)	45K	(24K)	(52K)	(54.6K)
Common Stock Total Equity	126K	145K	147K	148K	170.2K	105.1K
Intangible Assets	84K	68K	2.2M	2.0M	1.6M	843.2K
Common Stock	147K	148K	168K	169K	172K	114.4K
Other Assets	151K	1.6M	271K	1.5M	1.7M	1.6M
Property Plant Equipment	730K	1.9M	3.0M	2.1M	2.4M	1.3M
Current Deferred Revenue	1.5M	938K	2.4M	2.4M	2.4M	1.9M
Non Current Liabilities Total	2.3M	1.9M	12.7M	12.6M	11.9M	12.5M
Short Term Debt	1.4M	2.7M	927K	1.0M	2.0M	2.1M
Other Liab	535K	392K	11.0M	11.9M	13.7M	14.3M
Net Tangible Assets	22.1M	16.8M	20.1M	14.3M	12.9M	20.2M
Retained Earnings Total Equity	(29.0M)	(41.8M)	(50.6M)	(56.9M)	(51.2M)	(48.7M)
Capital Surpluse	59.4M	71.5M	73.1M	74.2M	85.3M	58.5M
Non Current Liabilities Other	2.3M	22K	25K	26K	23.4K	22.2K
Net Invested Capital	22.7M	19.9M	23.3M	17.2M	9.5M	17.5M
Net Working Capital	20.8M	16.7M	29.6M	23.3M	14.5M	18.6M
Capital Stock	147K	148K	168K	169K	172K	174.0K

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IRIDEX Net Invested Capital vs Capital Stock Analysis

Net Invested Capital vs Capital Stock

Net Invested Capital vs Capital Stock Correlation Analysis

Correlation Coefficient

Net Invested Capital

Capital Stock

IRIDEX fundamental ratios Correlations

IRIDEX Account Relationship Matchups

High Positive Relationship

High Negative Relationship

IRIDEX fundamental ratios Accounts

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Additional Tools for IRIDEX Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 0.97	Other Stockholder Equity
Common Stock	+ 0.97	Common Stock Total Equity
Total Current Assets	+ 0.96	Total Assets
Common Stock	+ 0.96	Common Stock Shares Outstanding
Common Stock Total Equity	+ 0.96	Other Stockholder Equity

Cash	- 0.94	Net Debt
Cash And Short Term Investments	- 0.93	Net Debt
Total Liab	- 0.9	Retained Earnings
Total Current Assets	- 0.83	Net Debt
Common Stock	- 0.81	Retained Earnings
Common Stock Shares Outstanding	- 0.8	Retained Earnings