Innovative Historical Financial Ratios
| LUCY Stock | USD 6.83 0.11 1.59% |
Innovative Eyewear is lately reporting on over 81 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Days Sales Outstanding of 22.69 will help investors to properly organize and evaluate Innovative Eyewear financial condition quickly.
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About Innovative Financial Ratios Analysis
Innovative EyewearFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Innovative Eyewear investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Innovative financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Innovative Eyewear history.
Innovative Eyewear Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Innovative Eyewear stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Innovative Eyewear sales, a figure that is much harder to manipulate than other Innovative Eyewear multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.Most ratios from Innovative Eyewear's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios 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 fundamentals ratios, 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 Current Ratio is fairly stable compared to the past year. Tangible Book Value Per Share is likely to rise to 10.31 in 2024, whereas Price To Sales Ratio is likely to drop 3.66 in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 3.25 | 2.6 | 2.19 | 1.9 | Days Of Inventory On Hand | 185.39 | 48.27 | 245.88 | 258.18 |
Innovative Eyewear fundamentals Correlations
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Innovative Eyewear Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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.Additional Tools for Innovative Stock Analysis
When running Innovative Eyewear's price analysis, check to measure Innovative Eyewear'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 Innovative Eyewear is operating at the current time. Most of Innovative Eyewear's value examination focuses on studying past and present price action to predict the probability of Innovative Eyewear's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innovative Eyewear's price. Additionally, you may evaluate how the addition of Innovative Eyewear to your portfolios can decrease your overall portfolio volatility.