Immunoprecise Trade and Non Trade Receivables vs Goodwill and Intangible Assets Analysis

IPA
 Stock
  

USD 4.11  0.07  1.73%   

Immunoprecise Antibodies financial indicator trend analysis is infinitely more than just investigating Immunoprecise Antibodies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Immunoprecise Antibodies is a good investment. Please check the relationship between Immunoprecise Antibodies Trade and Non Trade Receivables and its Goodwill and Intangible Assets accounts. Please see Risk vs Return Analysis.

Trade and Non Trade Receivables vs Goodwill and Intangible Assets

Trade and Non Trade Receivables vs Goodwill and Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Immunoprecise Antibodies Trade and Non Trade Receivables account and Goodwill and Intangible Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Immunoprecise Antibodies' Trade and Non Trade Receivables and Goodwill and Intangible Assets is 0.41. Overlapping area represents the amount of variation of Trade and Non Trade Receivables that can explain the historical movement of Goodwill and Intangible Assets in the same time period over historical financial statements of Immunoprecise Antibodies, assuming nothing else is changed. The correlation between historical values of Immunoprecise Antibodies' Trade and Non Trade Receivables and Goodwill and Intangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Trade and Non Trade Receivables of Immunoprecise Antibodies are associated (or correlated) with its Goodwill and Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Goodwill and Intangible Assets has no effect on the direction of Trade and Non Trade Receivables i.e., Immunoprecise Antibodies' Trade and Non Trade Receivables and Goodwill and Intangible Assets go up and down completely randomly.

Correlation Coefficient

0.41
Relationship DirectionPositive 
Relationship StrengthWeak

Trade and Non Trade Receivables

A component of Total Assets representing trade and non-trade receivables.

Goodwill and Intangible Assets

A component of Total Assets representing the carrying amounts of all intangible assets and goodwill as of the balance sheet date; net of accumulated amortization and impairment charges.
Most indicators from Immunoprecise Antibodies fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Immunoprecise Antibodies 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. Please see Risk vs Return Analysis.Immunoprecise Antibodies Selling General and Administrative Expense is projected to increase significantly based on the last few years of reporting. The past year's Selling General and Administrative Expense was at 8.53 Million. The current year Issuance Purchase of Equity Shares is expected to grow to about 4 M, whereas Net Cash Flow Business Acquisitions and Disposals is forecasted to decline to (3.8 M).
 2019 2020 2021 2022 (projected)
Interest Expense537 K517 K334 K365.43 K
Gross Profit8.03 M11.54 M10.98 M10.97 M

Immunoprecise Antibodies fundamental ratios Correlations

0.910.870.9-0.25-0.730.320.51.00.841.00.890.890.850.620.920.990.820.70.830.87
0.910.591.0-0.08-0.950.60.510.940.540.880.740.740.570.270.690.860.890.750.980.62
0.870.590.56-0.39-0.31-0.090.370.841.00.910.860.860.980.90.980.920.550.470.440.97
0.91.00.56-0.11-0.960.590.470.920.520.860.70.70.530.220.660.840.870.720.990.59
-0.25-0.08-0.39-0.11-0.050.710.68-0.25-0.44-0.250.080.08-0.22-0.21-0.21-0.240.320.510.01-0.41
-0.73-0.95-0.31-0.96-0.05-0.74-0.46-0.77-0.25-0.68-0.53-0.53-0.290.04-0.43-0.65-0.84-0.7-0.99-0.35
0.320.6-0.090.590.71-0.740.730.35-0.160.270.380.380.0-0.230.110.260.770.790.69-0.09
0.50.510.370.470.68-0.460.730.490.320.520.780.780.530.430.550.530.850.950.510.38
1.00.940.840.92-0.25-0.770.350.490.80.990.870.870.810.570.890.980.830.70.860.84
0.840.541.00.52-0.44-0.25-0.160.320.80.880.820.820.970.90.960.890.480.410.390.97
1.00.880.910.86-0.25-0.680.270.520.990.880.920.920.890.690.951.00.810.70.780.91
0.890.740.860.70.08-0.530.380.780.870.820.921.00.920.790.950.930.860.850.650.86
0.890.740.860.70.08-0.530.380.780.870.820.921.00.920.790.950.930.860.850.650.86
0.850.570.980.53-0.22-0.290.00.530.810.970.890.920.920.940.990.910.620.590.430.96
0.620.270.90.22-0.210.04-0.230.430.570.90.690.790.790.940.870.710.370.40.120.89
0.920.690.980.66-0.21-0.430.110.550.890.960.950.950.950.990.870.960.70.650.560.96
0.990.860.920.84-0.24-0.650.260.530.980.891.00.930.930.910.710.960.80.70.760.91
0.820.890.550.870.32-0.840.770.850.830.480.810.860.860.620.370.70.80.970.880.57
0.70.750.470.720.51-0.70.790.950.70.410.70.850.850.590.40.650.70.970.750.49
0.830.980.440.990.01-0.990.690.510.860.390.780.650.650.430.120.560.760.880.750.49
0.870.620.970.59-0.41-0.35-0.090.380.840.970.910.860.860.960.890.960.910.570.490.49
Click cells to compare fundamentals

Immunoprecise Antibodies Account Relationship Matchups

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Is Immunoprecise Antibodies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Immunoprecise Antibodies. If investors know Immunoprecise will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Immunoprecise Antibodies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
101.1 M
Quarterly Revenue Growth YOY
0.074
Return On Assets
-0.13
Return On Equity
-0.25
The market value of Immunoprecise Antibodies is measured differently than its book value, which is the value of Immunoprecise that is recorded on the company's balance sheet. Investors also form their own opinion of Immunoprecise Antibodies' value that differs from its market value or its book value, called intrinsic value, which is Immunoprecise Antibodies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Immunoprecise Antibodies' market value can be influenced by many factors that don't directly affect Immunoprecise Antibodies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Immunoprecise Antibodies' value and its price as these two are different measures arrived at by different means. Investors typically determine Immunoprecise Antibodies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Immunoprecise Antibodies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.