SIBN Net Tangible Assets vs Net Working Capital Analysis

SIBN Stock

USD 12.92 0.48 3.86%

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

To learn how to invest in SIBN Stock, please use our How to Invest in Si Bone guide.

Net Tangible Assets vs Net Working Capital

Net Tangible Assets vs Net Working Capital Correlation Analysis

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

The correlation between Si Bone's Net Tangible Assets and Net Working Capital is 0.96. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Si Bone, assuming nothing else is changed. The correlation between historical values of Si Bone's Net Tangible Assets 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 Net Tangible Assets of Si Bone 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 Net Tangible Assets i.e., Si Bone's Net Tangible Assets and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Net Working Capital

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

To learn how to invest in SIBN Stock, please use our How to Invest in Si Bone guide.As of the 15th of November 2024, Enterprise Value is likely to grow to about 852.9 M, while Selling General Administrative is likely to drop about 18.4 M.

	2021	2022	2023	2024 (projected)
Gross Profit	79.7M	90.7M	109.4M	62.6M
Total Revenue	90.2M	106.4M	138.9M	72.3M

Gross Profit Total Revenue

Si Bone fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	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	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Net Tangible Assets	Long Term Debt	Short Long Term Debt
Common Stock Shares Outstanding		0.93	0.59	0.87	0.72	0.81	0.27	-0.92	0.42	0.68	0.83	0.63	-0.09	0.87	0.95	0.09	0.81	0.81	0.87	0.2	0.91	-0.82	0.69	0.82	0.75	-0.6
Total Assets	0.93		0.63	0.74	0.83	0.69	0.19	-0.86	0.33	0.75	0.7	0.63	-0.13	0.99	0.87	-0.02	0.71	0.87	0.87	0.08	1.0	-0.79	0.64	0.93	0.79	-0.66
Other Current Liab	0.59	0.63		0.5	0.75	0.82	-0.02	-0.76	0.61	0.45	0.8	0.34	-0.16	0.57	0.7	-0.21	0.84	0.5	0.81	-0.1	0.61	-0.33	0.22	0.66	0.42	-0.37
Total Current Liabilities	0.87	0.74	0.5		0.6	0.77	0.42	-0.81	0.56	0.34	0.79	0.63	-0.27	0.65	0.9	-0.03	0.78	0.55	0.79	0.1	0.71	-0.58	0.55	0.68	0.47	-0.68
Total Stockholder Equity	0.72	0.83	0.75	0.6		0.7	-0.01	-0.75	0.51	0.54	0.7	0.33	-0.08	0.82	0.72	-0.48	0.74	0.72	0.92	-0.37	0.83	-0.44	0.49	0.94	0.52	-0.75
Property Plant And Equipment Net	0.81	0.69	0.82	0.77	0.7		0.21	-0.93	0.58	0.47	1.0	0.45	-0.04	0.58	0.86	-0.03	0.98	0.55	0.89	0.1	0.65	-0.57	0.41	0.68	0.53	-0.52
Net Debt	0.27	0.19	-0.02	0.42	-0.01	0.21		-0.35	0.08	-0.27	0.24	0.6	-0.33	0.15	0.34	0.38	0.29	-0.11	0.18	0.44	0.18	-0.5	0.06	0.17	0.49	-0.13
Retained Earnings	-0.92	-0.86	-0.76	-0.81	-0.75	-0.93	-0.35		-0.41	-0.61	-0.94	-0.63	0.08	-0.79	-0.91	-0.12	-0.95	-0.7	-0.93	-0.26	-0.84	0.8	-0.5	-0.81	-0.77	0.56
Accounts Payable	0.42	0.33	0.61	0.56	0.51	0.58	0.08	-0.41		-0.08	0.56	0.07	-0.19	0.23	0.64	-0.55	0.55	0.15	0.55	-0.47	0.3	0.06	0.4	0.42	0.02	-0.34
Cash	0.68	0.75	0.45	0.34	0.54	0.47	-0.27	-0.61	-0.08		0.47	0.46	0.03	0.78	0.49	0.23	0.43	0.91	0.57	0.28	0.76	-0.65	0.58	0.65	0.62	-0.38
Non Current Assets Total	0.83	0.7	0.8	0.79	0.7	1.0	0.24	-0.94	0.56	0.47		0.47	-0.05	0.6	0.87	-0.02	0.98	0.56	0.89	0.12	0.66	-0.6	0.43	0.69	0.55	-0.53
Non Currrent Assets Other	0.63	0.63	0.34	0.63	0.33	0.45	0.6	-0.63	0.07	0.46	0.47		-0.58	0.63	0.57	0.46	0.49	0.54	0.51	0.55	0.64	-0.7	0.43	0.58	0.67	-0.48
Other Assets	-0.09	-0.13	-0.16	-0.27	-0.08	-0.04	-0.33	0.08	-0.19	0.03	-0.05	-0.58		-0.14	-0.17	-0.05	-0.08	-0.08	-0.13	-0.08	-0.14	0.0	-0.1	-0.21	0.02	0.31
Cash And Short Term Investments	0.87	0.99	0.57	0.65	0.82	0.58	0.15	-0.79	0.23	0.78	0.6	0.63	-0.14		0.78	-0.01	0.62	0.88	0.82	0.07	0.99	-0.78	0.63	0.93	0.79	-0.66
Net Receivables	0.95	0.87	0.7	0.9	0.72	0.86	0.34	-0.91	0.64	0.49	0.87	0.57	-0.17	0.78		-0.03	0.86	0.65	0.88	0.09	0.84	-0.69	0.6	0.78	0.66	-0.57
Non Current Liabilities Total	0.09	-0.02	-0.21	-0.03	-0.48	-0.03	0.38	-0.12	-0.55	0.23	-0.02	0.46	-0.05	-0.01	-0.03		-0.03	0.01	-0.22	0.99	-0.01	-0.5	-0.06	-0.24	0.38	0.36
Inventory	0.81	0.71	0.84	0.78	0.74	0.98	0.29	-0.95	0.55	0.43	0.98	0.49	-0.08	0.62	0.86	-0.03		0.53	0.92	0.11	0.68	-0.6	0.34	0.71	0.57	-0.53
Other Current Assets	0.81	0.87	0.5	0.55	0.72	0.55	-0.11	-0.7	0.15	0.91	0.56	0.54	-0.08	0.88	0.65	0.01	0.53		0.74	0.08	0.87	-0.67	0.76	0.83	0.69	-0.53
Other Stockholder Equity	0.87	0.87	0.81	0.79	0.92	0.89	0.18	-0.93	0.55	0.57	0.89	0.51	-0.13	0.82	0.88	-0.22	0.92	0.74		-0.08	0.85	-0.61	0.55	0.91	0.63	-0.69
Total Liab	0.2	0.08	-0.1	0.1	-0.37	0.1	0.44	-0.26	-0.47	0.28	0.12	0.55	-0.08	0.07	0.09	0.99	0.11	0.08	-0.08		0.08	-0.58	-0.01	-0.14	0.45	0.26
Total Current Assets	0.91	1.0	0.61	0.71	0.83	0.65	0.18	-0.84	0.3	0.76	0.66	0.64	-0.14	0.99	0.84	-0.01	0.68	0.87	0.85	0.08		-0.79	0.64	0.93	0.8	-0.66
Intangible Assets	-0.82	-0.79	-0.33	-0.58	-0.44	-0.57	-0.5	0.8	0.06	-0.65	-0.6	-0.7	0.0	-0.78	-0.69	-0.5	-0.6	-0.67	-0.61	-0.58	-0.79		-0.49	-0.64	-0.94	0.34
Common Stock	0.69	0.64	0.22	0.55	0.49	0.41	0.06	-0.5	0.4	0.58	0.43	0.43	-0.1	0.63	0.6	-0.06	0.34	0.76	0.55	-0.01	0.64	-0.49		0.65	0.49	-0.46
Net Tangible Assets	0.82	0.93	0.66	0.68	0.94	0.68	0.17	-0.81	0.42	0.65	0.69	0.58	-0.21	0.93	0.78	-0.24	0.71	0.83	0.91	-0.14	0.93	-0.64	0.65		0.7	-0.79
Long Term Debt	0.75	0.79	0.42	0.47	0.52	0.53	0.49	-0.77	0.02	0.62	0.55	0.67	0.02	0.79	0.66	0.38	0.57	0.69	0.63	0.45	0.8	-0.94	0.49	0.7		-0.26
Short Long Term Debt	-0.6	-0.66	-0.37	-0.68	-0.75	-0.52	-0.13	0.56	-0.34	-0.38	-0.53	-0.48	0.31	-0.66	-0.57	0.36	-0.53	-0.53	-0.69	0.26	-0.66	0.34	-0.46	-0.79	-0.26

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Si Bone Account Relationship Matchups

Si Bone fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	24.7M	29.1M	33.1M	34.2M	38.4M	22.4M
Total Assets	117.0M	223.1M	190.5M	157.6M	230.4M	121.5M
Other Current Liab	272K	10.2M	11.0M	12.1M	16.0M	16.8M
Total Current Liabilities	18.8M	13.5M	16.9M	21.2M	23.5M	14.8M
Total Stockholder Equity	63.0M	169.4M	134.4M	98.3M	169.4M	177.8M
Property Plant And Equipment Net	4.0M	4.5M	14.2M	19.6M	18.7M	19.6M
Net Debt	28.8M	(14.1M)	(22.9M)	18.7M	5.7M	6.0M
Retained Earnings	(195.6M)	(239.3M)	(295.8M)	(357.1M)	(400.4M)	(380.4M)
Accounts Payable	2.8M	3.3M	3.2M	6.3M	4.6M	3.4M
Cash	10.4M	53.6M	63.4M	20.7M	33.3M	30.3M
Non Current Assets Total	5.5M	4.9M	14.6M	19.9M	19.0M	20.0M
Non Currrent Assets Other	325K	315K	374K	400K	375K	341.3K
Other Assets	315K	374K	400K	375K	337.5K	406.6K
Cash And Short Term Investments	91.8M	196.4M	147.0M	97.3M	166.0M	91.7M
Net Receivables	11.7M	13.6M	14.2M	20.7M	22.0M	12.2M
Non Current Liabilities Total	35.2M	40.3M	39.2M	38.1M	37.6M	41.6M
Inventory	5.5M	5.6M	11.5M	17.3M	20.2M	21.3M
Other Current Assets	2.5M	5.1M	6.3M	2.4M	3.2M	2.6M
Other Stockholder Equity	258.1M	408.1M	429.9M	455.2M	569.5M	598.0M
Total Liab	54.0M	53.8M	56.1M	59.3M	61.1M	72.0M
Total Current Assets	111.5M	218.2M	175.9M	137.6M	211.4M	113.3M
Common Stock	3K	258.1M	408.1M	429.9M	455.2M	3.8K
Net Tangible Assets	63.0M	169.4M	134.4M	98.3M	113.0M	118.7M
Long Term Debt	34.9M	39.5M	35.0M	35.2M	36.1M	35.2M
Property Plant Equipment	4.0M	4.5M	14.2M	15.6M	17.9M	18.8M
Long Term Debt Total	39.0M	34.9M	39.5M	35.2M	40.4M	37.0M
Capital Surpluse	246.9M	258.1M	408.1M	455.2M	523.4M	549.6M
Short Long Term Debt Total	39.2M	39.5M	40.5M	39.4M	39.0M	34.4M
Other Liab	362K	854K	57K	30K	27K	25.7K
Liabilities And Stockholders Equity	117.0M	223.1M	190.5M	157.6M	230.4M	155.7M
Property Plant And Equipment Gross	4.0M	4.5M	14.2M	19.6M	34.0M	35.6M
Accumulated Other Comprehensive Income	464K	524K	352K	232K	335K	322K
Net Invested Capital	102.2M	208.8M	169.4M	133.5M	205.4M	134.8M
Net Working Capital	92.7M	204.8M	159.0M	116.4M	187.9M	143.6M
Short Term Investments	81.3M	142.9M	83.6M	76.6M	132.7M	112.6M

Pair Trading with Si Bone

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Si Bone position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Si Bone will appreciate offsetting losses from the drop in the long position's value.

Moving against SIBN Stock

0.53	DRIO	DarioHealth Corp	Pair Corr
0.52	VMD	Viemed Healthcare	Pair Corr
0.43	BSX	Boston Scientific Corp	Pair Corr
0.42	FIGS	Figs Inc	Pair Corr
0.33	CVS	CVS Health Corp	Pair Corr

The ability to find closely correlated positions to Si Bone could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Si Bone when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Si Bone - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Si Bone to buy it.

The correlation of Si Bone is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Si Bone moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Si Bone moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Si Bone can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Si Bone offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Si Bone's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Si Bone Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Si Bone Stock:

How To Invest In SIBN

Details

Is SIBN Stock a good investment?

Details

What is Si Bone's Net Worth?

Details

Largest Health Care Equipment & Supplies Companies

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Largest Health Care Equipment & Services Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Si Bone. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

To learn how to invest in SIBN Stock, please use our How to Invest in Si Bone guide.

You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Is Health Care Equipment & Supplies space 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 Si Bone. If investors know SIBN 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 Si Bone listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(1.00)

Revenue Per Share

3.817

Quarterly Revenue Growth

0.186

Return On Assets

(0.12)

Return On Equity

(0.22)

The market value of Si Bone is measured differently than its book value, which is the value of SIBN that is recorded on the company's balance sheet. Investors also form their own opinion of Si Bone's value that differs from its market value or its book value, called intrinsic value, which is Si Bone's 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 Si Bone's market value can be influenced by many factors that don't directly affect Si Bone's 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 Si Bone's value and its price as these two are different measures arrived at by different means. Investors typically determine if Si Bone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Si Bone's 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.

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SIBN Net Tangible Assets vs Net Working Capital Analysis

Net Tangible Assets vs Net Working Capital

Net Tangible Assets vs Net Working Capital Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Net Working Capital

Si Bone fundamental ratios Correlations

Si Bone Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Si Bone fundamental ratios Accounts

Pair Trading with Si Bone

Moving against SIBN Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Cash And Short Term Investments
Total Liab	+ 0.99	Non Current Liabilities Total
Inventory	+ 0.98	Property Plant And Equipment Net

Inventory	- 0.95	Retained Earnings
Long Term Debt	- 0.94	Intangible Assets
Non Current Assets Total	- 0.94	Retained Earnings
Other Stockholder Equity	- 0.93	Retained Earnings
Retained Earnings	- 0.93	Property Plant And Equipment Net
Retained Earnings	- 0.92	Common Stock Shares Outstanding