Wearable Inventory vs Retained Earnings Analysis

WLDS Stock

USD 1.90 0.01 0.53%

Wearable Devices financial indicator trend analysis is more than just analyzing Wearable Devices current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wearable Devices is a good investment. Please check the relationship between Wearable Devices Inventory and its Retained Earnings accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wearable Devices. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

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

Inventory vs Retained Earnings

Inventory vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wearable Devices Inventory account and Retained Earnings. At this time, the significance of the direction appears to have pay attention.

The correlation between Wearable Devices' Inventory and Retained Earnings is -0.9. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Wearable Devices, assuming nothing else is changed. The correlation between historical values of Wearable Devices' Inventory and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Wearable Devices are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Inventory i.e., Wearable Devices' Inventory and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.9

Relationship Direction	Negative
Relationship Strength	Significant

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Inventory

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.

Most indicators from Wearable Devices' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wearable Devices 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wearable Devices. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy Wearable Stock please use our How to Invest in Wearable Devices guide.At this time, Wearable Devices' Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 36.90 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 1.6 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	55K	38K	34.2K	44.6K
Depreciation And Amortization	11K	23K	68K	71.4K

Interest Expense Depreciation And Amortization

Wearable Devices fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	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	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets
Total Assets		-0.75	0.96	-0.66	0.96	0.87	0.65	0.72	-0.87	-0.78	0.63	0.74	0.64	-0.74	0.98	0.57	0.92	-0.75	0.48	0.82	0.86	-0.63	0.99	0.61	0.56	1.0
Short Long Term Debt Total	-0.75		-0.68	0.98	-0.88	-0.86	-0.7	-0.91	0.72	0.83	-0.67	-0.41	-0.7	0.51	-0.7	-0.81	-0.78	1.0	-0.58	-0.79	-0.87	0.97	-0.71	-0.69	-0.65	-0.74
Other Current Liab	0.96	-0.68		-0.59	0.91	0.85	0.66	0.55	-0.78	-0.74	0.66	0.67	0.64	-0.63	0.93	0.42	0.89	-0.69	0.51	0.78	0.82	-0.56	0.95	0.62	0.56	0.95
Total Current Liabilities	-0.66	0.98	-0.59		-0.81	-0.75	-0.58	-0.87	0.71	0.72	-0.55	-0.41	-0.57	0.52	-0.63	-0.74	-0.65	0.97	-0.45	-0.66	-0.77	1.0	-0.63	-0.56	-0.53	-0.66
Total Stockholder Equity	0.96	-0.88	0.91	-0.81		0.95	0.75	0.82	-0.85	-0.87	0.73	0.65	0.74	-0.68	0.93	0.66	0.92	-0.89	0.59	0.89	0.94	-0.78	0.94	0.72	0.64	0.96
Net Tangible Assets	0.87	-0.86	0.85	-0.75	0.95		0.92	0.79	-0.63	-0.98	0.91	0.38	0.92	-0.4	0.79	0.75	0.96	-0.88	0.82	0.98	1.0	-0.72	0.83	0.9	0.83	0.85
Property Plant And Equipment Net	0.65	-0.7	0.66	-0.58	0.75	0.92		0.66	-0.29	-0.97	0.99	0.01	1.0	-0.03	0.52	0.75	0.88	-0.74	0.98	0.96	0.93	-0.53	0.58	1.0	0.95	0.62
Current Deferred Revenue	0.72	-0.91	0.55	-0.87	0.82	0.79	0.66		-0.67	-0.8	0.59	0.39	0.65	-0.52	0.66	0.93	0.76	-0.91	0.53	0.77	0.83	-0.85	0.67	0.64	0.65	0.71
Net Debt	-0.87	0.72	-0.78	0.71	-0.85	-0.63	-0.29	-0.67		0.48	-0.26	-0.93	-0.27	0.96	-0.93	-0.38	-0.63	0.69	-0.07	-0.52	-0.62	0.71	-0.9	-0.24	-0.16	-0.89
Retained Earnings	-0.78	0.83	-0.74	0.72	-0.87	-0.98	-0.97	-0.8	0.48		-0.95	-0.19	-0.97	0.24	-0.67	-0.83	-0.94	0.86	-0.9	-0.99	-0.98	0.68	-0.71	-0.96	-0.93	-0.75
Accounts Payable	0.63	-0.67	0.66	-0.55	0.73	0.91	0.99	0.59	-0.26	-0.95		-0.01	0.99	0.01	0.5	0.69	0.86	-0.71	0.98	0.94	0.91	-0.5	0.56	0.99	0.94	0.6
Cash	0.74	-0.41	0.67	-0.41	0.65	0.38	0.01	0.39	-0.93	-0.19	-0.01		-0.01	-0.98	0.85	0.07	0.41	-0.38	-0.21	0.27	0.36	-0.41	0.81	-0.04	-0.13	0.78
Non Current Assets Total	0.64	-0.7	0.64	-0.57	0.74	0.92	1.0	0.65	-0.27	-0.97	0.99	-0.01		-0.02	0.51	0.75	0.87	-0.73	0.98	0.96	0.92	-0.52	0.57	1.0	0.95	0.61
Non Currrent Assets Other	-0.74	0.51	-0.63	0.52	-0.68	-0.4	-0.03	-0.52	0.96	0.24	0.01	-0.98	-0.02		-0.84	-0.2	-0.43	0.47	0.19	-0.3	-0.4	0.53	-0.8	0.02	0.09	-0.77
Cash And Short Term Investments	0.98	-0.7	0.93	-0.63	0.93	0.79	0.52	0.66	-0.93	-0.67	0.5	0.85	0.51	-0.84		0.44	0.82	-0.69	0.33	0.72	0.78	-0.6	0.99	0.48	0.4	0.99
Net Receivables	0.57	-0.81	0.42	-0.74	0.66	0.75	0.75	0.93	-0.38	-0.83	0.69	0.07	0.75	-0.2	0.44		0.75	-0.82	0.69	0.77	0.79	-0.71	0.49	0.75	0.82	0.54
Common Stock Shares Outstanding	0.92	-0.78	0.89	-0.65	0.92	0.96	0.88	0.76	-0.63	-0.94	0.86	0.41	0.87	-0.43	0.82	0.75		-0.8	0.77	0.96	0.96	-0.61	0.87	0.86	0.85	0.89
Non Current Liabilities Total	-0.75	1.0	-0.69	0.97	-0.89	-0.88	-0.74	-0.91	0.69	0.86	-0.71	-0.38	-0.73	0.47	-0.69	-0.82	-0.8		-0.62	-0.81	-0.89	0.96	-0.71	-0.72	-0.69	-0.74
Inventory	0.48	-0.58	0.51	-0.45	0.59	0.82	0.98	0.53	-0.07	-0.9	0.98	-0.21	0.98	0.19	0.33	0.69	0.77	-0.62		0.88	0.82	-0.41	0.4	0.99	0.95	0.44
Other Current Assets	0.82	-0.79	0.78	-0.66	0.89	0.98	0.96	0.77	-0.52	-0.99	0.94	0.27	0.96	-0.3	0.72	0.77	0.96	-0.81	0.88		0.99	-0.62	0.77	0.95	0.89	0.8
Other Stockholder Equity	0.86	-0.87	0.82	-0.77	0.94	1.0	0.93	0.83	-0.62	-0.98	0.91	0.36	0.92	-0.4	0.78	0.79	0.96	-0.89	0.82	0.99		-0.74	0.81	0.91	0.84	0.84
Total Liab	-0.63	0.97	-0.56	1.0	-0.78	-0.72	-0.53	-0.85	0.71	0.68	-0.5	-0.41	-0.52	0.53	-0.6	-0.71	-0.61	0.96	-0.41	-0.62	-0.74		-0.6	-0.52	-0.48	-0.62
Net Invested Capital	0.99	-0.71	0.95	-0.63	0.94	0.83	0.58	0.67	-0.9	-0.71	0.56	0.81	0.57	-0.8	0.99	0.49	0.87	-0.71	0.4	0.77	0.81	-0.6		0.54	0.47	1.0
Property Plant And Equipment Gross	0.61	-0.69	0.62	-0.56	0.72	0.9	1.0	0.64	-0.24	-0.96	0.99	-0.04	1.0	0.02	0.48	0.75	0.86	-0.72	0.99	0.95	0.91	-0.52	0.54		0.96	0.58
Short Long Term Debt	0.56	-0.65	0.56	-0.53	0.64	0.83	0.95	0.65	-0.16	-0.93	0.94	-0.13	0.95	0.09	0.4	0.82	0.85	-0.69	0.95	0.89	0.84	-0.48	0.47	0.96		0.52
Total Current Assets	1.0	-0.74	0.95	-0.66	0.96	0.85	0.62	0.71	-0.89	-0.75	0.6	0.78	0.61	-0.77	0.99	0.54	0.89	-0.74	0.44	0.8	0.84	-0.62	1.0	0.58	0.52

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Wearable Inventory vs Retained Earnings Analysis

Inventory vs Retained Earnings

Inventory vs Retained Earnings Correlation Analysis

Correlation Coefficient

Inventory

Retained Earnings

Wearable Devices fundamental ratios Correlations

Wearable Devices Account Relationship Matchups

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Total Current Assets	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Total Current Liabilities
Other Stockholder Equity	+ 1.0	Net Tangible Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net

Other Current Assets	- 0.99	Retained Earnings
Non Currrent Assets Other	- 0.98	Cash
Other Stockholder Equity	- 0.98	Retained Earnings
Retained Earnings	- 0.98	Net Tangible Assets
Non Current Assets Total	- 0.97	Retained Earnings
Retained Earnings	- 0.97	Property Plant And Equipment Net