BTCS Net Working Capital vs Net Receivables Analysis

BTCS Stock

USD 3.55 0.22 5.84%

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

Net Working Capital vs Net Receivables

Net Working Capital vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BTCS Inc Net Working Capital account and Net Receivables. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between BTCS's Net Working Capital and Net Receivables is -0.04. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Net Receivables in the same time period over historical financial statements of BTCS Inc, assuming nothing else is changed. The correlation between historical values of BTCS's Net Working Capital and Net Receivables 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 Working Capital of BTCS Inc are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Net Working Capital i.e., BTCS's Net Working Capital and Net Receivables go up and down completely randomly.

Correlation Coefficient

-0.04

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Working Capital

Net Receivables

Most indicators from BTCS's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BTCS 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 BTCS 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.

Enterprise Value is likely to gain to about 22.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 4 M in 2024.

	2021	2022	2023	2024 (projected)
Research Development	712.7K	611.8K	687.3K	565.7K
Reconciled Depreciation	939.0	4.0K	5.0K	5.3K

Research Development Reconciled Depreciation

BTCS fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Short Term Debt	Net Tangible Assets	Other Assets
Total Assets		-0.14	-0.15	0.71	-0.59	-0.57	0.8	0.96	0.93	0.51	-0.15	0.96	-0.42	-0.22	-0.13	0.09	-0.34	0.24	0.86	-0.08	-0.29	-0.22	0.44	-0.16	0.54	0.59
Other Current Liab	-0.14		1.0	-0.8	0.71	0.03	-0.15	-0.12	-0.17	-0.23	1.0	-0.12	-0.22	0.9	-0.03	-0.17	0.85	-0.09	-0.12	-0.06	0.92	-0.1	-0.14	0.91	-0.89	-0.29
Total Current Liabilities	-0.15	1.0		-0.8	0.72	0.04	-0.16	-0.13	-0.18	-0.24	1.0	-0.13	-0.22	0.91	-0.01	-0.18	0.86	-0.08	-0.13	-0.06	0.93	-0.1	-0.14	0.92	-0.9	-0.3
Total Stockholder Equity	0.71	-0.8	-0.8		-0.88	-0.37	0.6	0.67	0.69	0.49	-0.8	0.68	-0.1	-0.78	-0.07	0.19	-0.82	0.2	0.61	0.0	-0.84	-0.06	0.37	-0.75	0.96	0.58
Net Debt	-0.59	0.71	0.72	-0.88		0.53	-0.74	-0.51	-0.72	-0.66	0.73	-0.51	0.2	0.84	0.35	-0.24	0.85	-0.37	-0.64	-0.02	0.87	0.03	-0.54	0.79	-0.9	-0.67
Retained Earnings	-0.57	0.03	0.04	-0.37	0.53		-0.73	-0.49	-0.7	-0.95	0.05	-0.49	0.44	0.21	0.37	0.04	0.45	-0.33	-0.54	0.2	0.25	0.41	-0.55	0.08	-0.32	-0.95
Cash	0.8	-0.15	-0.16	0.6	-0.74	-0.73		0.67	0.94	0.73	-0.16	0.67	-0.49	-0.28	-0.23	0.11	-0.4	0.58	0.88	-0.1	-0.34	-0.24	0.66	-0.19	0.55	0.67
Cash And Short Term Investments	0.96	-0.12	-0.13	0.67	-0.51	-0.49	0.67		0.86	0.42	-0.13	1.0	-0.36	-0.21	-0.17	0.09	-0.33	-0.03	0.71	-0.05	-0.26	-0.18	0.22	-0.16	0.47	0.55
Common Stock Shares Outstanding	0.93	-0.17	-0.18	0.69	-0.72	-0.7	0.94	0.86		0.67	-0.18	0.86	-0.47	-0.3	-0.25	0.12	-0.43	0.33	0.87	-0.09	-0.35	-0.23	0.47	-0.21	0.57	0.69
Other Stockholder Equity	0.51	-0.23	-0.24	0.49	-0.66	-0.95	0.73	0.42	0.67		-0.25	0.42	-0.34	-0.38	-0.37	-0.04	-0.58	0.4	0.54	-0.23	-0.43	-0.39	0.6	-0.27	0.48	0.93
Total Liab	-0.15	1.0	1.0	-0.8	0.73	0.05	-0.16	-0.13	-0.18	-0.25		-0.13	-0.21	0.91	-0.01	-0.18	0.86	-0.08	-0.13	-0.07	0.94	-0.11	-0.15	0.92	-0.9	-0.31
Total Current Assets	0.96	-0.12	-0.13	0.68	-0.51	-0.49	0.67	1.0	0.86	0.42	-0.13		-0.36	-0.21	-0.18	0.09	-0.33	-0.03	0.72	-0.06	-0.26	-0.18	0.22	-0.16	0.47	0.55
Common Stock	-0.42	-0.22	-0.22	-0.1	0.2	0.44	-0.49	-0.36	-0.47	-0.34	-0.21	-0.36		-0.01	0.0	-0.45	0.11	-0.26	-0.47	-0.38	-0.1	-0.11	-0.33	-0.21	-0.03	-0.33
Short Long Term Debt Total	-0.22	0.9	0.91	-0.78	0.84	0.21	-0.28	-0.21	-0.3	-0.38	0.91	-0.21	-0.01		0.3	-0.3	0.93	-0.06	-0.23	-0.16	0.97	-0.15	-0.24	0.97	-0.86	-0.45
Property Plant And Equipment Net	-0.13	-0.03	-0.01	-0.07	0.35	0.37	-0.23	-0.17	-0.25	-0.37	-0.01	-0.18	0.0	0.3		-0.1	0.31	0.15	-0.17	0.05	0.25	0.01	-0.15	0.34	-0.05	-0.4
Current Deferred Revenue	0.09	-0.17	-0.18	0.19	-0.24	0.04	0.11	0.09	0.12	-0.04	-0.18	0.09	-0.45	-0.3	-0.1		-0.31	0.02	0.13	0.94	-0.11	0.89	0.05	-0.22	0.19	0.01
Accounts Payable	-0.34	0.85	0.86	-0.82	0.85	0.45	-0.4	-0.33	-0.43	-0.58	0.86	-0.33	0.11	0.93	0.31	-0.31		-0.06	-0.28	-0.13	0.92	-0.06	-0.26	0.88	-0.86	-0.67
Non Current Assets Total	0.24	-0.09	-0.08	0.2	-0.37	-0.33	0.58	-0.03	0.33	0.4	-0.08	-0.03	-0.26	-0.06	0.15	0.02	-0.06		0.63	-0.09	-0.12	-0.13	0.87	-0.01	0.32	0.22
Non Currrent Assets Other	0.86	-0.12	-0.13	0.61	-0.64	-0.54	0.88	0.71	0.87	0.54	-0.13	0.72	-0.47	-0.23	-0.17	0.13	-0.28	0.63		-0.09	-0.28	-0.19	0.73	-0.16	0.54	0.5
Net Receivables	-0.08	-0.06	-0.06	0.0	-0.02	0.2	-0.1	-0.05	-0.09	-0.23	-0.07	-0.06	-0.38	-0.16	0.05	0.94	-0.13	-0.09	-0.09		0.05	0.93	-0.09	-0.08	0.0	-0.16
Non Current Liabilities Total	-0.29	0.92	0.93	-0.84	0.87	0.25	-0.34	-0.26	-0.35	-0.43	0.94	-0.26	-0.1	0.97	0.25	-0.11	0.92	-0.12	-0.28	0.05		0.04	-0.29	0.96	-0.91	-0.49
Inventory	-0.22	-0.1	-0.1	-0.06	0.03	0.41	-0.24	-0.18	-0.23	-0.39	-0.11	-0.18	-0.11	-0.15	0.01	0.89	-0.06	-0.13	-0.19	0.93	0.04		-0.19	-0.14	-0.02	-0.35
Other Current Assets	0.44	-0.14	-0.14	0.37	-0.54	-0.55	0.66	0.22	0.47	0.6	-0.15	0.22	-0.33	-0.24	-0.15	0.05	-0.26	0.87	0.73	-0.09	-0.29	-0.19		-0.17	0.42	0.49
Short Term Debt	-0.16	0.91	0.92	-0.75	0.79	0.08	-0.19	-0.16	-0.21	-0.27	0.92	-0.16	-0.21	0.97	0.34	-0.22	0.88	-0.01	-0.16	-0.08	0.96	-0.14	-0.17		-0.83	-0.34
Net Tangible Assets	0.54	-0.89	-0.9	0.96	-0.9	-0.32	0.55	0.47	0.57	0.48	-0.9	0.47	-0.03	-0.86	-0.05	0.19	-0.86	0.32	0.54	0.0	-0.91	-0.02	0.42	-0.83		0.52
Other Assets	0.59	-0.29	-0.3	0.58	-0.67	-0.95	0.67	0.55	0.69	0.93	-0.31	0.55	-0.33	-0.45	-0.4	0.01	-0.67	0.22	0.5	-0.16	-0.49	-0.35	0.49	-0.34	0.52

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BTCS Account Relationship Matchups

BTCS fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	421.4K	1.6M	14.1M	9.9M	27.1M	28.5M
Other Current Liab	445.3K	350.4K	1.9M	509.7K	925.8K	879.6K
Total Current Liabilities	605.1K	508.6K	2.0M	586.4K	980.9K	931.9K
Total Stockholder Equity	(183.8K)	1.0M	12.1M	9.3M	26.2M	27.5M
Net Debt	16.8K	(392.2K)	(1.4M)	(2.1M)	(1.5M)	(1.4M)
Retained Earnings	(117.0M)	(119.5M)	(135.6M)	(151.5M)	(138.7M)	(131.7M)
Cash	143.1K	524.1K	1.4M	2.1M	1.5M	1.5M
Cash And Short Term Investments	396.0K	1.5M	5.1M	4.1M	26.7M	28.0M
Common Stock Shares Outstanding	1.6M	3.0M	6.8M	12.7M	14.1M	14.8M
Liabilities And Stockholders Equity	421.4K	1.6M	14.1M	9.9M	27.1M	28.5M
Other Stockholder Equity	116.8M	120.5M	147.7M	160.8M	162.3M	84.4M
Total Liab	605.1K	508.6K	2.0M	586.4K	980.9K	931.9K
Total Current Assets	420.0K	1.6M	5.5M	4.2M	27.0M	28.4M
Common Stock	19.8K	42.0K	10.5K	13.1K	15.3K	14.6K
Property Plant And Equipment Net	1.3K	230.0	9.8K	11.2K	10.5K	10.0K
Accounts Payable	28.3K	26.3K	138.7K	76.7K	55.1K	52.3K
Non Current Assets Total	1.3K	230.0	8.6M	5.7M	110.5K	105.0K
Non Currrent Assets Other	(1.3K)	(230.0)	8.6M	5.7M	6.6M	6.9M
Other Current Assets	24.0K	31.9K	324.6K	123.7K	62.5K	62.1K
Short Term Debt	0.0	200K	159.9K	131.9K	118.7K	112.8K
Net Tangible Assets	(256.0K)	(183.8K)	1.0M	12.1M	13.9M	14.6M
Short Long Term Debt	0.0	200K	159.9K	131.9K	118.7K	112.8K
Property Plant Equipment	2.7K	1.3K	230.0	9.8K	8.8K	8.4K
Short Term Investments	252.9K	995.7K	3.7M	1.9M	25.2M	26.5M
Net Invested Capital	(23.9K)	1.2M	12.1M	9.3M	23.6M	24.8M
Net Working Capital	(185.1K)	1.0M	3.5M	3.6M	26.1M	27.4M
Capital Stock	19.9K	42.0K	10.5K	13.1K	2.6M	2.7M

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