Socket Ev To Sales vs Average Payables Analysis

SCKT Stock

USD 1.39 0.17 13.93%

Socket Mobile financial indicator trend analysis is much more than just breaking down Socket Mobile prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Socket Mobile is a good investment. Please check the relationship between Socket Mobile Ev To Sales and its Average Payables accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Socket Mobile. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

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

Ev To Sales vs Average Payables

Ev To Sales vs Average Payables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Socket Mobile Ev To Sales account and Average Payables. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Socket Mobile's Ev To Sales and Average Payables is -0.32. Overlapping area represents the amount of variation of Ev To Sales that can explain the historical movement of Average Payables in the same time period over historical financial statements of Socket Mobile, assuming nothing else is changed. The correlation between historical values of Socket Mobile's Ev To Sales and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Sales of Socket Mobile are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Ev To Sales i.e., Socket Mobile's Ev To Sales and Average Payables go up and down completely randomly.

Correlation Coefficient

-0.32

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

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.

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

Most indicators from Socket Mobile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Socket Mobile 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 Socket Mobile. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy Socket Stock please use our How to Invest in Socket Mobile guide.Selling General Administrative is likely to drop to about 2.6 M in 2024. Tax Provision is likely to drop to about (726.6 K) in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	12.4M	10.4M	8.5M	8.6M
Total Revenue	23.2M	21.2M	17.0M	17.8M

Gross Profit Total Revenue

Socket Mobile fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Non Currrent Assets Other	Property Plant And Equipment Gross	Current Deferred Revenue	Common Stock Total Equity	Common Stock
Total Assets		0.46	0.34	-0.23	0.6	0.63	-0.18	-0.08	-0.48	0.76	0.86	0.76	0.57	0.81	0.62	0.83	0.78	0.26	0.17	0.91	0.05	0.58	0.55	-0.45	0.18	0.54
Short Long Term Debt Total	0.46		0.34	0.27	0.39	0.95	0.66	0.02	-0.17	0.24	0.67	0.24	-0.1	0.12	0.86	0.77	0.41	0.28	0.02	0.4	0.83	0.25	0.94	-0.21	0.48	-0.09
Other Current Liab	0.34	0.34		0.34	0.32	0.36	0.08	0.16	0.01	0.27	0.37	0.27	0.23	0.08	0.11	0.34	0.28	0.01	0.0	0.31	0.06	0.19	0.38	0.03	0.18	-0.03
Total Current Liabilities	-0.23	0.27	0.34		-0.49	0.07	0.48	-0.53	0.81	-0.32	-0.09	-0.32	-0.25	-0.06	-0.05	-0.09	-0.39	-0.15	0.26	-0.29	0.4	-0.57	0.17	0.66	-0.29	-0.66
Total Stockholder Equity	0.6	0.39	0.32	-0.49		0.55	-0.14	0.4	-0.73	0.6	0.53	0.6	0.34	0.2	0.5	0.7	0.79	0.59	-0.48	0.69	0.15	0.83	0.49	-0.65	0.46	0.62
Property Plant And Equipment Net	0.63	0.95	0.36	0.07	0.55		0.49	0.06	-0.34	0.4	0.8	0.4	0.09	0.24	0.9	0.87	0.57	0.43	0.02	0.57	0.68	0.42	0.98	-0.28	0.57	0.05
Net Debt	-0.18	0.66	0.08	0.48	-0.14	0.49		-0.03	0.18	-0.57	0.15	-0.57	-0.4	-0.39	0.43	0.08	-0.2	0.12	0.15	-0.36	0.73	-0.15	0.53	0.2	0.14	-0.51
Retained Earnings	-0.08	0.02	0.16	-0.53	0.4	0.06	-0.03		-0.68	0.06	-0.1	0.06	-0.33	-0.5	-0.07	-0.04	0.05	-0.05	-0.24	-0.04	0.03	0.53	0.03	-0.48	0.24	0.08
Accounts Payable	-0.48	-0.17	0.01	0.81	-0.73	-0.34	0.18	-0.68		-0.43	-0.36	-0.43	-0.17	-0.1	-0.36	-0.41	-0.53	-0.3	0.21	-0.48	0.04	-0.71	-0.26	0.65	-0.31	-0.52
Cash	0.76	0.24	0.27	-0.32	0.6	0.4	-0.57	0.06	-0.43		0.52	1.0	0.39	0.67	0.39	0.74	0.73	0.13	-0.17	0.93	-0.04	0.46	0.33	-0.5	0.26	0.59
Non Current Assets Total	0.86	0.67	0.37	-0.09	0.53	0.8	0.15	-0.1	-0.36	0.52		0.52	0.5	0.58	0.69	0.84	0.59	0.39	0.28	0.7	0.33	0.56	0.79	-0.36	0.52	0.26
Cash And Short Term Investments	0.76	0.24	0.27	-0.32	0.6	0.4	-0.57	0.06	-0.43	1.0	0.52		0.39	0.67	0.39	0.74	0.73	0.13	-0.17	0.93	-0.04	0.46	0.33	-0.5	0.26	0.59
Net Receivables	0.57	-0.1	0.23	-0.25	0.34	0.09	-0.4	-0.33	-0.17	0.39	0.5	0.39		0.62	0.18	0.36	0.47	0.27	0.24	0.55	-0.47	0.26	0.03	0.02	0.17	0.48
Common Stock Shares Outstanding	0.81	0.12	0.08	-0.06	0.2	0.24	-0.39	-0.5	-0.1	0.67	0.58	0.67	0.62		0.36	0.58	0.55	0.01	0.25	0.78	-0.19	0.13	0.17	-0.19	-0.13	0.52
Non Current Liabilities Total	0.62	0.86	0.11	-0.05	0.5	0.9	0.43	-0.07	-0.36	0.39	0.69	0.39	0.18	0.36		0.84	0.69	0.33	-0.03	0.61	0.54	0.32	0.8	-0.31	0.41	0.26
Inventory	0.83	0.77	0.34	-0.09	0.7	0.87	0.08	-0.04	-0.41	0.74	0.84	0.74	0.36	0.58	0.84		0.78	0.39	-0.07	0.88	0.46	0.53	0.81	-0.46	0.5	0.41
Other Current Assets	0.78	0.41	0.28	-0.39	0.79	0.57	-0.2	0.05	-0.53	0.73	0.59	0.73	0.47	0.55	0.69	0.78		0.31	-0.35	0.86	-0.02	0.6	0.43	-0.6	0.26	0.79
Other Stockholder Equity	0.26	0.28	0.01	-0.15	0.59	0.43	0.12	-0.05	-0.3	0.13	0.39	0.13	0.27	0.01	0.33	0.39	0.31		-0.3	0.25	0.28	0.42	0.47	-0.14	0.41	0.14
Total Liab	0.17	0.02	0.0	0.26	-0.48	0.02	0.15	-0.24	0.21	-0.17	0.28	-0.17	0.24	0.25	-0.03	-0.07	-0.35	-0.3		-0.09	-0.04	-0.15	0.05	0.44	-0.16	-0.46
Total Current Assets	0.91	0.4	0.31	-0.29	0.69	0.57	-0.36	-0.04	-0.48	0.93	0.7	0.93	0.55	0.78	0.61	0.88	0.86	0.25	-0.09		0.02	0.53	0.47	-0.49	0.25	0.65
Short Term Debt	0.05	0.83	0.06	0.4	0.15	0.68	0.73	0.03	0.04	-0.04	0.33	-0.04	-0.47	-0.19	0.54	0.46	-0.02	0.28	-0.04	0.02		0.1	0.75	-0.1	0.38	-0.39
Non Currrent Assets Other	0.58	0.25	0.19	-0.57	0.83	0.42	-0.15	0.53	-0.71	0.46	0.56	0.46	0.26	0.13	0.32	0.53	0.6	0.42	-0.15	0.53	0.1		0.36	-0.74	0.4	0.52
Property Plant And Equipment Gross	0.55	0.94	0.38	0.17	0.49	0.98	0.53	0.03	-0.26	0.33	0.79	0.33	0.03	0.17	0.8	0.81	0.43	0.47	0.05	0.47	0.75	0.36		-0.2	0.6	-0.1
Current Deferred Revenue	-0.45	-0.21	0.03	0.66	-0.65	-0.28	0.2	-0.48	0.65	-0.5	-0.36	-0.5	0.02	-0.19	-0.31	-0.46	-0.6	-0.14	0.44	-0.49	-0.1	-0.74	-0.2		-0.36	-0.72
Common Stock Total Equity	0.18	0.48	0.18	-0.29	0.46	0.57	0.14	0.24	-0.31	0.26	0.52	0.26	0.17	-0.13	0.41	0.5	0.26	0.41	-0.16	0.25	0.38	0.4	0.6	-0.36		0.07
Common Stock	0.54	-0.09	-0.03	-0.66	0.62	0.05	-0.51	0.08	-0.52	0.59	0.26	0.59	0.48	0.52	0.26	0.41	0.79	0.14	-0.46	0.65	-0.39	0.52	-0.1	-0.72	0.07

Click cells to compare fundamentals

Socket Mobile Account Relationship Matchups

Socket Mobile fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	19.5M	15.1M	25.6M	28.6M	28.7M	17.1M
Short Long Term Debt Total	2.9M	2.2M	2.2M	5.2M	6.3M	6.6M
Other Current Liab	574.2K	(1.5M)	692.9K	742.0K	580.0K	609.0K
Total Current Liabilities	4.7M	2.2M	4.6M	4.4M	6.5M	5.7M
Total Stockholder Equity	13.2M	10.6M	20.0M	20.3M	19.4M	20.4M
Property Plant And Equipment Net	1.8M	1.5M	1.3M	5.2M	6.1M	6.4M
Net Debt	1.9M	61K	(3.9M)	1.6M	3.5M	3.6M
Retained Earnings	(47.8M)	(51.1M)	(46.1M)	(46.0M)	(47.9M)	(50.3M)
Accounts Payable	2.1M	1.4M	2.2M	1.7M	1.6M	2.6M
Cash	959K	2.1M	6.1M	3.6M	2.8M	2.2M
Non Current Assets Total	11.9M	7.1M	11.2M	15.8M	18.4M	19.3M
Cash And Short Term Investments	959K	2.1M	6.1M	3.6M	2.8M	2.2M
Net Receivables	2.8M	2.1M	2.6M	2.7M	1.7M	2.4M
Common Stock Shares Outstanding	6.2M	6.0M	8.9M	7.5M	7.2M	4.4M
Liabilities And Stockholders Equity	19.5M	15.1M	25.6M	28.6M	28.7M	30.2M
Non Current Liabilities Total	1.5M	2.2M	915K	3.9M	2.8M	3.0M
Inventory	3.2M	3.2M	5.2M	5.6M	5.5M	5.8M
Other Current Assets	312K	335K	395K	617K	317.0K	291.8K
Other Stockholder Equity	2.5M	63.7M	61.7M	(830K)	67.3M	70.7M
Total Liab	6.2M	4.4M	5.5M	8.3M	9.3M	7.2M
Total Current Assets	7.5M	7.9M	14.4M	12.8M	10.4M	8.0M
Short Term Debt	1.4M	1.9M	1.3M	1.4M	3.5M	3.6M
Non Currrent Assets Other	202K	159K	140K	250K	571.9K	600.5K
Property Plant And Equipment Gross	1.8M	847.7K	1.3M	5.2M	9.4M	9.9M
Current Deferred Revenue	611K	451K	407K	629K	845.6K	803.3K
Common Stock Total Equity	7.0K	5.9K	6.0K	6.1K	5.5K	10.6K
Common Stock	61.1M	61.7M	66.1M	67.2M	7.3K	7.0K
Other Assets	5.7M	6.3M	8.1M	8.9M	10.3M	10.8M
Long Term Debt	333K	1.4M	625K	125K	143.8K	235.4K
Property Plant Equipment	1.8M	1.5M	1.3M	5.2M	6.0M	6.3M
Other Liab	40.7K	28.8K	32K	34K	30.6K	29.1K
Retained Earnings Total Equity	(47.6M)	(48.1M)	(47.8M)	(51.1M)	(46.0M)	(48.3M)
Deferred Long Term Liab	25.6K	31.3K	40.7K	28.8K	25.9K	24.6K
Net Tangible Assets	8.8M	10.6M	18.2M	18.6M	21.4M	22.5M
Capital Surpluse	64.8M	60.5M	61.1M	61.7M	55.6M	49.6M
Non Current Liabilities Other	271.4K	205.9K	715.1K	258.1K	296.8K	360.7K
Accumulated Depreciation	(2.2M)	(2.5M)	(2.7M)	(2.9M)	(3.3M)	(3.4M)

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