Innovative Cash And Short Term Investments vs Net Working Capital Analysis

LUCY Stock

USD 6.83 0.11 1.59%

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

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

Cash And Short Term Investments vs Net Working Capital

Cash And Short Term Investments vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Innovative Eyewear Cash And Short Term Investments account and Net Working Capital. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Innovative Eyewear's Cash And Short Term Investments and Net Working Capital is 0.93. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Innovative Eyewear, assuming nothing else is changed. The correlation between historical values of Innovative Eyewear's Cash And Short Term Investments and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Innovative Eyewear are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Cash And Short Term Investments i.e., Innovative Eyewear's Cash And Short Term Investments and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

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Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Innovative Eyewear balance sheet. This account contains Innovative Eyewear investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Innovative Eyewear fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Net Working Capital

Most indicators from Innovative Eyewear's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Innovative Eyewear 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Innovative Eyewear. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For more information on how to buy Innovative Stock please use our How to Invest in Innovative Eyewear guide.At this time, Innovative Eyewear's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 5.31 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 2.4 M in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	3.4M	5.5M	6.7M	3.6M
Cost Of Revenue	542.4K	716.1K	1.3M	1.3M

Total Operating Expenses Cost Of Revenue

Innovative Eyewear fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Net Invested Capital	Net Working Capital	Short Long Term Debt Total	Net Debt	Non Currrent Assets Other	Cash And Short Term Investments	Other Current Assets	Short Long Term Debt	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Current Deferred Revenue	Other Assets
Other Current Liab		-0.8	-0.91	-0.84	0.95	-0.45	-0.94	-0.85	-0.94	-0.91	0.92	0.89	-0.82	-0.82	-0.84	0.92	0.94	-0.91	-0.9	0.8	-0.85	-0.85
Total Current Liabilities	-0.8		0.55	0.49	-0.6	-0.13	0.59	0.99	0.61	0.54	-0.6	-0.54	0.57	0.47	0.48	-0.6	-0.6	0.53	0.51	-0.5	0.47	0.49
Total Stockholder Equity	-0.91	0.55		0.86	-0.99	0.65	0.99	0.66	1.0	1.0	-0.95	-1.0	0.75	0.93	0.88	-0.95	-0.97	0.93	0.91	-0.83	0.86	0.87
Net Tangible Assets	-0.84	0.49	0.86		-0.88	0.54	0.87	0.58	0.86	0.85	-0.96	-0.85	0.97	0.79	0.64	-0.96	-0.95	0.88	0.83	-0.61	0.65	0.65
Retained Earnings	0.95	-0.6	-0.99	-0.88		-0.65	-1.0	-0.69	-0.99	-0.99	0.96	0.98	-0.79	-0.91	-0.89	0.96	0.98	-0.96	-0.94	0.83	-0.89	-0.89
Common Stock Shares Outstanding	-0.45	-0.13	0.65	0.54	-0.65		0.64	-0.03	0.61	0.66	-0.56	-0.65	0.38	0.71	0.68	-0.56	-0.59	0.74	0.78	-0.49	0.74	0.68
Other Stockholder Equity	-0.94	0.59	0.99	0.87	-1.0	0.64		0.68	1.0	0.99	-0.95	-0.98	0.77	0.91	0.9	-0.95	-0.97	0.94	0.92	-0.85	0.89	0.9
Total Liab	-0.85	0.99	0.66	0.58	-0.69	-0.03	0.68		0.71	0.65	-0.7	-0.66	0.65	0.6	0.52	-0.7	-0.7	0.63	0.6	-0.52	0.51	0.53
Net Invested Capital	-0.94	0.61	1.0	0.86	-0.99	0.61	1.0	0.71		1.0	-0.96	-0.99	0.76	0.93	0.87	-0.96	-0.97	0.94	0.91	-0.82	0.85	0.86
Net Working Capital	-0.91	0.54	1.0	0.85	-0.99	0.66	0.99	0.65	1.0		-0.95	-1.0	0.74	0.93	0.88	-0.95	-0.97	0.93	0.91	-0.82	0.86	0.87
Short Long Term Debt Total	0.92	-0.6	-0.95	-0.96	0.96	-0.56	-0.95	-0.7	-0.96	-0.95		0.95	-0.91	-0.9	-0.74	1.0	1.0	-0.94	-0.89	0.7	-0.73	-0.74
Net Debt	0.89	-0.54	-1.0	-0.85	0.98	-0.65	-0.98	-0.66	-0.99	-1.0	0.95		-0.74	-0.96	-0.84	0.95	0.96	-0.94	-0.91	0.77	-0.82	-0.83
Non Currrent Assets Other	-0.82	0.57	0.75	0.97	-0.79	0.38	0.77	0.65	0.76	0.74	-0.91	-0.74		0.7	0.51	-0.91	-0.89	0.81	0.75	-0.49	0.53	0.53
Cash And Short Term Investments	-0.82	0.47	0.93	0.79	-0.91	0.71	0.91	0.6	0.93	0.93	-0.9	-0.96	0.7		0.73	-0.9	-0.91	0.95	0.92	-0.58	0.75	0.72
Other Current Assets	-0.84	0.48	0.88	0.64	-0.89	0.68	0.9	0.52	0.87	0.88	-0.74	-0.84	0.51	0.73		-0.74	-0.79	0.8	0.85	-0.95	0.99	1.0
Short Long Term Debt	0.92	-0.6	-0.95	-0.96	0.96	-0.56	-0.95	-0.7	-0.96	-0.95	1.0	0.95	-0.91	-0.9	-0.74		1.0	-0.94	-0.89	0.7	-0.73	-0.74
Short Term Debt	0.94	-0.6	-0.97	-0.95	0.98	-0.59	-0.97	-0.7	-0.97	-0.97	1.0	0.96	-0.89	-0.91	-0.79	1.0		-0.95	-0.91	0.75	-0.79	-0.8
Intangible Assets	-0.91	0.53	0.93	0.88	-0.96	0.74	0.94	0.63	0.94	0.93	-0.94	-0.94	0.81	0.95	0.8	-0.94	-0.95		0.99	-0.66	0.84	0.81
Common Stock	-0.9	0.51	0.91	0.83	-0.94	0.78	0.92	0.6	0.91	0.91	-0.89	-0.91	0.75	0.92	0.85	-0.89	-0.91	0.99		-0.7	0.9	0.86
Property Plant Equipment	0.8	-0.5	-0.83	-0.61	0.83	-0.49	-0.85	-0.52	-0.82	-0.82	0.7	0.77	-0.49	-0.58	-0.95	0.7	0.75	-0.66	-0.7		-0.89	-0.95
Current Deferred Revenue	-0.85	0.47	0.86	0.65	-0.89	0.74	0.89	0.51	0.85	0.86	-0.73	-0.82	0.53	0.75	0.99	-0.73	-0.79	0.84	0.9	-0.89		0.99
Other Assets	-0.85	0.49	0.87	0.65	-0.89	0.68	0.9	0.53	0.86	0.87	-0.74	-0.83	0.53	0.72	1.0	-0.74	-0.8	0.81	0.86	-0.95	0.99

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Innovative Eyewear Account Relationship Matchups

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Innovative Cash And Short Term Investments vs Net Working Capital Analysis

Cash And Short Term Investments vs Net Working Capital

Cash And Short Term Investments vs Net Working Capital Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Net Working Capital

Innovative Eyewear fundamental ratios Correlations

Innovative Eyewear Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Innovative Stock Analysis

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Net Invested Capital	+ 1.0	Total Stockholder Equity
Net Working Capital	+ 1.0	Total Stockholder Equity
Net Invested Capital	+ 1.0	Other Stockholder Equity
Net Working Capital	+ 1.0	Net Invested Capital
Short Long Term Debt	+ 1.0	Short Long Term Debt Total
Short Term Debt	+ 1.0	Short Long Term Debt Total

Net Debt	- 1.0	Net Working Capital
Other Stockholder Equity	- 1.0	Retained Earnings
Net Debt	- 1.0	Total Stockholder Equity
Net Debt	- 0.99	Net Invested Capital
Net Working Capital	- 0.99	Retained Earnings
Net Invested Capital	- 0.99	Retained Earnings