Cricut Retained Earnings vs Net Working Capital Analysis

CRCT Stock

USD 6.57 0.20 3.14%

Cricut financial indicator trend analysis is way more than just evaluating Cricut Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cricut Inc is a good investment. Please check the relationship between Cricut Retained Earnings and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cricut Inc. 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.

Retained Earnings vs Net Working Capital

Retained Earnings vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cricut Inc Retained Earnings account and Net Working Capital. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Cricut's Retained Earnings and Net Working Capital is 0.93. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Cricut Inc, assuming nothing else is changed. The correlation between historical values of Cricut's Retained Earnings 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 Retained Earnings of Cricut Inc 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 Retained Earnings i.e., Cricut's Retained Earnings 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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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 Working Capital

Most indicators from Cricut's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cricut Inc 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Cricut Inc. 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.

At this time, Cricut's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.12 in 2024, whereas Selling General Administrative is likely to drop slightly above 49.3 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	457.5M	349.9M	343.3M	318.4M
Total Revenue	1.3B	886.3M	765.1M	869.6M

Gross Profit Total Revenue

Cricut fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab
Total Assets		-0.9	0.89	0.82	0.99	0.91	0.95	0.99	0.94	-0.99	0.95	0.42	0.99	0.88	0.7	0.52	0.83	0.98	0.91	0.94	0.09	0.58	0.96	0.91	0.86	0.86
Short Long Term Debt Total	-0.9		-0.83	-0.81	-0.87	-0.94	-0.89	-0.86	-0.93	0.94	-0.92	-0.48	-0.91	-0.85	-0.72	-0.39	-0.76	-0.93	-0.87	-0.98	-0.36	-0.4	-0.78	-0.77	-0.62	-0.84
Other Current Liab	0.89	-0.83		0.72	0.88	0.83	0.83	0.92	0.87	-0.89	0.88	0.22	0.89	0.88	0.78	0.8	0.75	0.93	0.75	0.86	0.09	0.43	0.79	0.72	0.73	0.75
Total Current Liabilities	0.82	-0.81	0.72		0.72	0.63	0.64	0.73	0.73	-0.87	0.75	0.81	0.84	0.54	0.41	0.33	0.74	0.75	0.96	0.84	0.04	0.06	0.83	0.59	0.55	1.0
Total Stockholder Equity	0.99	-0.87	0.88	0.72		0.93	0.97	0.99	0.94	-0.96	0.94	0.29	0.98	0.92	0.73	0.55	0.8	0.98	0.85	0.91	0.1	0.68	0.93	0.94	0.89	0.77
Other Liab	0.91	-0.94	0.83	0.63	0.93		0.98	0.92	0.97	-0.9	0.93	0.22	0.9	0.96	0.8	0.46	0.79	0.96	0.75	0.94	0.27	0.66	0.76	0.85	0.7	0.68
Net Tangible Assets	0.95	-0.89	0.83	0.64	0.97	0.98		0.96	0.97	-0.91	0.94	0.22	0.92	0.96	0.76	0.47	0.84	0.97	0.78	0.92	0.11	0.75	0.85	0.9	0.79	0.69
Property Plant And Equipment Net	0.99	-0.86	0.92	0.73	0.99	0.92	0.96		0.95	-0.96	0.95	0.27	0.97	0.93	0.76	0.6	0.82	0.99	0.84	0.91	0.05	0.66	0.93	0.9	0.88	0.77
Current Deferred Revenue	0.94	-0.93	0.87	0.73	0.94	0.97	0.97	0.95		-0.93	0.97	0.3	0.92	0.96	0.83	0.44	0.9	0.97	0.81	0.97	0.07	0.65	0.82	0.8	0.69	0.77
Net Debt	-0.99	0.94	-0.89	-0.87	-0.96	-0.9	-0.91	-0.96	-0.93		-0.94	-0.49	-0.99	-0.84	-0.68	-0.52	-0.8	-0.97	-0.95	-0.96	-0.18	-0.46	-0.94	-0.88	-0.82	-0.9
Retained Earnings	0.95	-0.92	0.88	0.75	0.94	0.93	0.94	0.95	0.97	-0.94		0.29	0.93	0.93	0.87	0.43	0.85	0.96	0.83	0.93	0.09	0.63	0.85	0.82	0.76	0.8
Accounts Payable	0.42	-0.48	0.22	0.81	0.29	0.22	0.22	0.27	0.3	-0.49	0.29		0.46	0.03	-0.14	-0.1	0.43	0.3	0.74	0.5	0.04	-0.32	0.51	0.24	0.16	0.78
Cash	0.99	-0.91	0.89	0.84	0.98	0.9	0.92	0.97	0.92	-0.99	0.93	0.46		0.85	0.66	0.55	0.79	0.97	0.93	0.94	0.16	0.5	0.96	0.91	0.86	0.87
Non Current Assets Total	0.88	-0.85	0.88	0.54	0.92	0.96	0.96	0.93	0.96	-0.84	0.93	0.03	0.85		0.89	0.57	0.81	0.95	0.64	0.88	0.09	0.74	0.72	0.78	0.7	0.59
Non Currrent Assets Other	0.7	-0.72	0.78	0.41	0.73	0.8	0.76	0.76	0.83	-0.68	0.87	-0.14	0.66	0.89		0.44	0.65	0.79	0.46	0.71	0.09	0.66	0.53	0.57	0.54	0.46
Other Assets	0.52	-0.39	0.8	0.33	0.55	0.46	0.47	0.6	0.44	-0.52	0.43	-0.1	0.55	0.57	0.44		0.32	0.58	0.34	0.43	0.08	0.19	0.45	0.44	0.55	0.34
Long Term Debt	0.83	-0.76	0.75	0.74	0.8	0.79	0.84	0.82	0.9	-0.8	0.85	0.43	0.79	0.81	0.65	0.32		0.83	0.75	0.87	-0.32	0.56	0.77	0.59	0.52	0.78
Cash And Short Term Investments	0.98	-0.93	0.93	0.75	0.98	0.96	0.97	0.99	0.97	-0.97	0.96	0.3	0.97	0.95	0.79	0.58	0.83		0.84	0.96	0.15	0.62	0.88	0.88	0.81	0.79
Net Receivables	0.91	-0.87	0.75	0.96	0.85	0.75	0.78	0.84	0.81	-0.95	0.83	0.74	0.93	0.64	0.46	0.34	0.75	0.84		0.9	0.13	0.26	0.93	0.78	0.72	0.97
Common Stock Total Equity	0.94	-0.98	0.86	0.84	0.91	0.94	0.92	0.91	0.97	-0.96	0.93	0.5	0.94	0.88	0.71	0.43	0.87	0.96	0.9		0.17	0.46	0.84	0.78	0.65	0.87
Common Stock Shares Outstanding	0.09	-0.36	0.09	0.04	0.1	0.27	0.11	0.05	0.07	-0.18	0.09	0.04	0.16	0.09	0.09	0.08	-0.32	0.15	0.13	0.17		-0.18	-0.04	0.26	0.09	0.03
Non Current Liabilities Total	0.58	-0.4	0.43	0.06	0.68	0.66	0.75	0.66	0.65	-0.46	0.63	-0.32	0.5	0.74	0.66	0.19	0.56	0.62	0.26	0.46	-0.18		0.51	0.68	0.63	0.14
Inventory	0.96	-0.78	0.79	0.83	0.93	0.76	0.85	0.93	0.82	-0.94	0.85	0.51	0.96	0.72	0.53	0.45	0.77	0.88	0.93	0.84	-0.04	0.51		0.89	0.9	0.87
Other Current Assets	0.91	-0.77	0.72	0.59	0.94	0.85	0.9	0.9	0.8	-0.88	0.82	0.24	0.91	0.78	0.57	0.44	0.59	0.88	0.78	0.78	0.26	0.68	0.89		0.94	0.63
Other Stockholder Equity	0.86	-0.62	0.73	0.55	0.89	0.7	0.79	0.88	0.69	-0.82	0.76	0.16	0.86	0.7	0.54	0.55	0.52	0.81	0.72	0.65	0.09	0.63	0.9	0.94		0.6
Total Liab	0.86	-0.84	0.75	1.0	0.77	0.68	0.69	0.77	0.77	-0.9	0.8	0.78	0.87	0.59	0.46	0.34	0.78	0.79	0.97	0.87	0.03	0.14	0.87	0.63	0.6

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Cricut Account Relationship Matchups

Cricut fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	317.6M	581.4M	1.0B	949.6M	761.6M	707.3M
Other Current Liab	29.1M	71.3M	69.4M	150.6M	74.1M	76.2M
Total Current Liabilities	175.6M	346.5M	308.4M	254.1M	196.5M	261.6M
Total Stockholder Equity	121.1M	228.9M	674.0M	672.7M	534.9M	423.8M
Other Liab	3.1M	6.0M	8.1M	8.9M	10.2M	6.6M
Net Tangible Assets	118.1M	226.6M	674.0M	672.7M	773.6M	388.7M
Property Plant And Equipment Net	25.3M	33.4M	70.9M	80.5M	60.0M	52.5M
Current Deferred Revenue	13.1M	23.5M	30.5M	34.9M	40.3M	27.8M
Net Debt	48.8M	(122.2M)	(222.1M)	(205.6M)	(128.0M)	(134.4M)
Retained Earnings	(338.6M)	(184.0M)	(43.6M)	17.1M	28.5M	29.9M
Accounts Payable	95.8M	251.7M	204.7M	63.2M	76.9M	103.3M
Cash	6.7M	122.2M	241.6M	224.9M	142.2M	136.3M
Non Current Assets Total	30.5M	42.6M	78.2M	138.4M	141.6M	83.2M
Non Currrent Assets Other	689K	3.8M	2.5M	33.3M	35.4M	37.1M
Other Assets	2.1M	6.9M	5.7M	57.1M	1.0	0.95
Cash And Short Term Investments	6.7M	122.2M	241.6M	299.2M	245.1M	168.8M
Net Receivables	65.4M	162.9M	199.5M	136.5M	111.2M	135.1M
Common Stock Shares Outstanding	3.2M	223.4M	221.9M	220.6M	219.7M	203.5M
Liabilities And Stockholders Equity	317.6M	581.4M	1.0B	949.6M	761.6M	707.3M
Non Current Liabilities Total	20.9M	6.0M	23.9M	22.8M	30.3M	21.9M
Inventory	213.2M	248.7M	454.2M	351.7M	244.5M	303.9M
Other Current Assets	1.9M	4.9M	32.8M	23.8M	19.1M	16.3M
Other Stockholder Equity	459.8M	412.7M	717.4M	673.0M	505.9M	591.5M
Total Liab	196.5M	352.5M	332.3M	276.9M	226.7M	283.6M
Net Invested Capital	176.6M	228.9M	674.0M	672.7M	534.9M	442.1M
Property Plant And Equipment Gross	25.3M	33.4M	53.3M	63.4M	162.8M	170.9M
Total Current Assets	287.2M	538.8M	928.1M	811.3M	620.0M	624.1M
Accumulated Other Comprehensive Income	(28K)	9K	(55K)	(475K)	277K	290.9K
Non Current Liabilities Other	863K	3.2M	15.8M	5.1M	6.9M	6.0M
Net Working Capital	111.6M	192.3M	619.7M	557.2M	423.5M	362.5M
Intangible Assets	3.0M	2.3M	1.5M	760K	684K	649.8K
Property Plant Equipment	25.3M	33.4M	53.3M	63.4M	72.9M	42.1M

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