Varex Retained Earnings vs Net Invested Capital Analysis

VREX Stock

USD 13.70 0.04 0.29%

Varex Imaging financial indicator trend analysis is much more than just breaking down Varex Imaging Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Varex Imaging Corp is a good investment. Please check the relationship between Varex Imaging Retained Earnings and its Net Invested Capital accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Varex Imaging 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 income.

Retained Earnings vs Net Invested Capital

Retained Earnings vs Net Invested Capital Correlation Analysis

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

The correlation between Varex Imaging's Retained Earnings and Net Invested Capital is 0.76. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Varex Imaging Corp, assuming nothing else is changed. The correlation between historical values of Varex Imaging's Retained Earnings and Net Invested 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 Retained Earnings of Varex Imaging Corp are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Retained Earnings i.e., Varex Imaging's Retained Earnings and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

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.

Net Invested Capital

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

Most indicators from Varex Imaging's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Varex Imaging 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Varex Imaging 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 income.

At this time, Varex Imaging's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to rise to 10.10 in 2024, whereas Selling General Administrative is likely to drop slightly above 124.3 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	39.8M	29.3M	33.7M	20.2M
Depreciation And Amortization	33.6M	33.2M	38.2M	30.0M

Interest Expense Depreciation And Amortization

Varex Imaging fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Long Term Investments	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets
Common Stock Shares Outstanding		0.64	0.62	0.51	0.8	0.45	-0.12	0.6	0.77	0.39	0.52	0.72	0.51	-0.65	0.72	0.72	0.52	0.52	0.63	0.85	0.54	0.52	-0.94	0.6	0.77	-0.17
Total Assets	0.64		0.97	0.98	0.73	0.96	-0.72	0.99	0.77	0.92	0.93	0.86	0.98	-0.23	0.86	0.81	0.98	0.97	0.97	0.73	0.43	0.98	-0.56	0.99	0.97	0.56
Other Current Liab	0.62	0.97		0.97	0.65	0.95	-0.76	0.93	0.65	0.91	0.87	0.82	0.95	-0.19	0.82	0.82	0.96	0.96	0.91	0.7	0.32	0.96	-0.57	0.93	0.94	0.52
Total Current Liabilities	0.51	0.98	0.97		0.61	0.99	-0.83	0.95	0.67	0.97	0.93	0.78	0.99	-0.13	0.78	0.78	1.0	0.98	0.93	0.64	0.28	0.99	-0.44	0.95	0.91	0.66
Total Stockholder Equity	0.8	0.73	0.65	0.61		0.55	-0.08	0.75	0.83	0.42	0.64	0.75	0.64	-0.49	0.75	0.6	0.63	0.56	0.78	0.75	0.88	0.57	-0.7	0.75	0.81	0.02
Other Liab	0.45	0.96	0.95	0.99	0.55		-0.87	0.94	0.65	0.98	0.9	0.75	0.99	-0.03	0.75	0.72	0.99	0.98	0.91	0.59	0.23	0.98	-0.37	0.94	0.87	0.73
Net Tangible Assets	-0.12	-0.72	-0.76	-0.83	-0.08	-0.87		-0.69	-0.32	-0.91	-0.69	-0.52	-0.81	-0.22	-0.52	-0.54	-0.82	-0.85	-0.61	-0.34	0.23	-0.85	0.09	-0.69	-0.58	-0.83
Property Plant And Equipment Net	0.6	0.99	0.93	0.95	0.75	0.94	-0.69		0.78	0.9	0.92	0.86	0.98	-0.19	0.86	0.75	0.97	0.95	0.97	0.71	0.5	0.96	-0.52	1.0	0.96	0.57
Current Deferred Revenue	0.77	0.77	0.65	0.67	0.83	0.65	-0.32	0.78		0.57	0.61	0.71	0.71	-0.39	0.71	0.64	0.69	0.66	0.76	0.7	0.56	0.66	-0.68	0.78	0.8	0.31
Net Debt	0.39	0.92	0.91	0.97	0.42	0.98	-0.91	0.9	0.57		0.9	0.7	0.96	-0.05	0.7	0.73	0.96	0.98	0.87	0.53	0.08	0.98	-0.34	0.9	0.83	0.76
Accounts Payable	0.52	0.93	0.87	0.93	0.64	0.9	-0.69	0.92	0.61	0.9		0.75	0.92	-0.26	0.75	0.73	0.92	0.91	0.95	0.64	0.36	0.92	-0.44	0.92	0.89	0.53
Cash	0.72	0.86	0.82	0.78	0.75	0.75	-0.52	0.86	0.71	0.7	0.75		0.8	-0.4	1.0	0.75	0.79	0.8	0.8	0.92	0.56	0.8	-0.72	0.86	0.89	0.22
Non Current Assets Total	0.51	0.98	0.95	0.99	0.64	0.99	-0.81	0.98	0.71	0.96	0.92	0.8		-0.09	0.8	0.73	1.0	0.98	0.94	0.65	0.34	0.98	-0.43	0.98	0.91	0.68
Other Assets	-0.65	-0.23	-0.19	-0.13	-0.49	-0.03	-0.22	-0.19	-0.39	-0.05	-0.26	-0.4	-0.09		-0.4	-0.59	-0.1	-0.12	-0.33	-0.58	-0.34	-0.13	0.73	-0.19	-0.39	0.43
Cash And Short Term Investments	0.72	0.86	0.82	0.78	0.75	0.75	-0.52	0.86	0.71	0.7	0.75	1.0	0.8	-0.4		0.75	0.79	0.8	0.8	0.92	0.56	0.8	-0.72	0.86	0.89	0.22
Net Receivables	0.72	0.81	0.82	0.78	0.6	0.72	-0.54	0.75	0.64	0.73	0.73	0.75	0.73	-0.59	0.75		0.75	0.78	0.77	0.7	0.25	0.79	-0.7	0.75	0.86	0.27
Good Will	0.52	0.98	0.96	1.0	0.63	0.99	-0.82	0.97	0.69	0.96	0.92	0.79	1.0	-0.1	0.79	0.75		0.98	0.94	0.65	0.31	0.99	-0.44	0.97	0.92	0.66
Non Current Liabilities Total	0.52	0.97	0.96	0.98	0.56	0.98	-0.85	0.95	0.66	0.98	0.91	0.8	0.98	-0.12	0.8	0.78	0.98		0.91	0.64	0.23	1.0	-0.47	0.95	0.92	0.66
Inventory	0.63	0.97	0.91	0.93	0.78	0.91	-0.61	0.97	0.76	0.87	0.95	0.8	0.94	-0.33	0.8	0.77	0.94	0.91		0.71	0.51	0.92	-0.56	0.97	0.95	0.5
Other Current Assets	0.85	0.73	0.7	0.64	0.75	0.59	-0.34	0.71	0.7	0.53	0.64	0.92	0.65	-0.58	0.92	0.7	0.65	0.64	0.71		0.54	0.64	-0.86	0.71	0.8	-0.03
Other Stockholder Equity	0.54	0.43	0.32	0.28	0.88	0.23	0.23	0.5	0.56	0.08	0.36	0.56	0.34	-0.34	0.56	0.25	0.31	0.23	0.51	0.54		0.23	-0.43	0.5	0.52	-0.18
Total Liab	0.52	0.98	0.96	0.99	0.57	0.98	-0.85	0.96	0.66	0.98	0.92	0.8	0.98	-0.13	0.8	0.79	0.99	1.0	0.92	0.64	0.23		-0.46	0.96	0.92	0.66
Long Term Investments	-0.94	-0.56	-0.57	-0.44	-0.7	-0.37	0.09	-0.52	-0.68	-0.34	-0.44	-0.72	-0.43	0.73	-0.72	-0.7	-0.44	-0.47	-0.56	-0.86	-0.43	-0.46		-0.52	-0.71	0.26
Property Plant And Equipment Gross	0.6	0.99	0.93	0.95	0.75	0.94	-0.69	1.0	0.78	0.9	0.92	0.86	0.98	-0.19	0.86	0.75	0.97	0.95	0.97	0.71	0.5	0.96	-0.52		0.96	0.57
Total Current Assets	0.77	0.97	0.94	0.91	0.81	0.87	-0.58	0.96	0.8	0.83	0.89	0.89	0.91	-0.39	0.89	0.86	0.92	0.92	0.95	0.8	0.52	0.92	-0.71	0.96		0.37
Intangible Assets	-0.17	0.56	0.52	0.66	0.02	0.73	-0.83	0.57	0.31	0.76	0.53	0.22	0.68	0.43	0.22	0.27	0.66	0.66	0.5	-0.03	-0.18	0.66	0.26	0.57	0.37

Click cells to compare fundamentals

Varex Imaging Account Relationship Matchups

Varex Imaging fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	38.8M	40.3M	41.6M	50.3M	57.8M	44.0M
Total Assets	1.1B	1.1B	1.2B	1.2B	1.4B	1.0B
Other Current Liab	64.7M	81.5M	77.3M	79.4M	91.3M	60.7M
Total Current Liabilities	160.6M	166.6M	173.1M	162.8M	187.2M	150.5M
Total Stockholder Equity	451.7M	483.3M	533.4M	567.7M	652.9M	512.3M
Other Liab	40.2M	36.8M	37.2M	34.3M	39.4M	29.0M
Net Tangible Assets	108.8M	67.8M	91.1M	215.3M	193.8M	156M
Property Plant And Equipment Net	142.3M	172.9M	164.5M	172.6M	198.5M	151.6M
Current Deferred Revenue	8.6M	9.1M	7.4M	17.4M	20.0M	11.2M
Net Debt	383.9M	314.8M	347M	316.9M	364.4M	265.0M
Accounts Payable	72.9M	58.8M	78.2M	64.7M	74.4M	65.4M
Cash	100.6M	144.6M	89.4M	152.6M	175.5M	184.3M
Non Current Assets Total	617.5M	593.3M	574.5M	591.3M	680.0M	521.9M
Other Assets	11M	27.5M	32.7M	(13.2M)	(15.2M)	(14.4M)
Cash And Short Term Investments	100.6M	144.6M	89.4M	152.6M	175.5M	184.3M
Net Receivables	141M	123.8M	155.3M	173.3M	188.1M	158.8M
Good Will	293.1M	292.2M	284.5M	288.5M	331.8M	233.2M
Liabilities And Stockholders Equity	1.1B	1.1B	1.2B	1.2B	1.4B	1.0B
Non Current Liabilities Total	513.1M	484.4M	464.6M	505.8M	581.7M	362.0M
Inventory	271.9M	224.8M	303.2M	277.5M	319.1M	254.0M
Other Current Assets	50.1M	57.5M	44M	127.8M	147.0M	154.3M
Other Stockholder Equity	434.4M	449.4M	469.1M	450.4M	518.0M	467.0M
Total Liab	673.7M	651M	637.7M	668.6M	768.9M	512.5M
Property Plant And Equipment Gross	142.3M	172.9M	164.5M	172.6M	198.5M	151.6M
Total Current Assets	522M	554.2M	609.9M	658.3M	757.0M	515.3M
Intangible Assets	67.5M	50.7M	33.6M	22.4M	25.8M	24.5M
Property Plant Equipment	144.9M	142.3M	172.9M	164.5M	189.2M	148.4M
Non Currrent Assets Other	32.2M	32.6M	43.2M	37.5M	43.1M	45.3M
Short Term Debt	8.8M	9.2M	6.3M	5.4M	4.9M	9.5M
Non Current Liabilities Other	24.5M	31.8M	33.8M	41.6M	47.8M	50.2M
Short Long Term Debt Total	484.5M	459.4M	436.4M	469.5M	539.9M	490.1M
Noncontrolling Interest In Consolidated Entity	3.3M	14.1M	13.2M	13.3M	15.3M	8.4M
Retained Earnings	16.9M	33.5M	63.8M	118.1M	135.8M	142.6M
Long Term Debt	452.8M	431.7M	412.3M	441.1M	507.3M	460.6M
Retained Earnings Total Equity	74.4M	16.1M	33.5M	63.8M	57.4M	38.0M

Also Currently Popular

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.

F	Ford Motor
GM	General Motors
MSFT	Microsoft

Additional Tools for Varex Stock Analysis

When running Varex Imaging's price analysis, check to measure Varex Imaging's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Varex Imaging is operating at the current time. Most of Varex Imaging's value examination focuses on studying past and present price action to predict the probability of Varex Imaging's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Varex Imaging's price. Additionally, you may evaluate how the addition of Varex Imaging to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Varex Retained Earnings vs Net Invested Capital Analysis

Retained Earnings vs Net Invested Capital

Retained Earnings vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Retained Earnings

Net Invested Capital

Varex Imaging fundamental ratios Correlations

Varex Imaging Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Varex Imaging fundamental ratios Accounts

Also Currently Popular

Additional Tools for Varex Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Good Will	+ 1.0	Total Current Liabilities
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Good Will	+ 1.0	Non Current Assets Total
Total Liab	+ 1.0	Non Current Liabilities Total
Property Plant And Equipment Net	+ 0.99	Total Assets

Long Term Investments	- 0.94	Common Stock Shares Outstanding
Net Debt	- 0.91	Net Tangible Assets
Net Tangible Assets	- 0.87	Other Liab
Long Term Investments	- 0.86	Other Current Assets
Total Liab	- 0.85	Net Tangible Assets
Non Current Liabilities Total	- 0.85	Net Tangible Assets