Socket Cash vs Cash And Short Term Investments Analysis

SCKT Stock

USD 1.48 0.03 2.07%

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 Cash and its Cash And Short Term Investments 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.

Cash vs Cash And Short Term Investments

Cash vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Socket Mobile Cash account and Cash And Short Term Investments. At this time, the significance of the direction appears to have totally related.

The correlation between Socket Mobile's Cash and Cash And Short Term Investments is 1.0. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Cash And Short Term Investments 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 Cash and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Socket Mobile are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Cash i.e., Socket Mobile's Cash and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Cash

Cash refers to the most liquid asset of Socket Mobile, which is listed under current asset account on Socket Mobile balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Socket Mobile customers. The amounts must be unrestricted with restricted cash listed in a different Socket Mobile account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Socket Mobile balance sheet. This account contains Socket Mobile investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Socket Mobile fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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	0.59	-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	0.77	0.65	0.17	0.92	0.19	0.58	0.55	-0.45	0.18	0.54
Short Long Term Debt Total	0.46		0.52	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	0.77	0.44	0.02	0.41	0.88	0.25	0.94	-0.21	0.48	-0.09
Other Current Liab	0.59	0.52		-0.17	0.88	0.62	-0.02	0.24	-0.49	0.6	0.5	0.6	0.38	0.24	0.6	0.76	0.78	0.87	-0.35	0.73	0.38	0.64	0.55	-0.4	0.34	0.46
Total Current Liabilities	-0.23	0.27	-0.17		-0.49	0.07	0.48	-0.53	0.81	-0.32	-0.09	-0.32	-0.25	-0.06	-0.05	-0.09	-0.18	-0.24	0.26	-0.28	0.37	-0.57	0.17	0.66	-0.29	-0.66
Total Stockholder Equity	0.6	0.39	0.88	-0.49		0.55	-0.14	0.4	-0.73	0.6	0.53	0.6	0.34	0.2	0.5	0.7	0.78	0.83	-0.48	0.69	0.24	0.83	0.49	-0.65	0.46	0.62
Property Plant And Equipment Net	0.63	0.95	0.62	0.07	0.55		0.49	0.06	-0.34	0.4	0.8	0.4	0.09	0.24	0.9	0.87	0.89	0.62	0.02	0.58	0.74	0.42	0.98	-0.28	0.57	0.05
Net Debt	-0.18	0.66	-0.02	0.48	-0.14	0.49		-0.03	0.18	-0.57	0.15	-0.57	-0.4	-0.39	0.43	0.08	0.14	-0.15	0.15	-0.35	0.61	-0.15	0.53	0.2	0.14	-0.51
Retained Earnings	-0.08	0.02	0.24	-0.53	0.4	0.06	-0.03		-0.68	0.06	-0.1	0.06	-0.33	-0.5	-0.07	-0.04	0.03	0.02	-0.24	-0.04	0.05	0.53	0.03	-0.48	0.24	0.08
Accounts Payable	-0.48	-0.17	-0.49	0.81	-0.73	-0.34	0.18	-0.68		-0.43	-0.36	-0.43	-0.17	-0.1	-0.36	-0.41	-0.48	-0.45	0.21	-0.48	-0.01	-0.71	-0.26	0.65	-0.31	-0.52
Cash	0.76	0.24	0.6	-0.32	0.6	0.4	-0.57	0.06	-0.43		0.52	1.0	0.39	0.67	0.39	0.74	0.66	0.67	-0.17	0.93	0.16	0.46	0.33	-0.5	0.26	0.59
Non Current Assets Total	0.86	0.67	0.5	-0.09	0.53	0.8	0.15	-0.1	-0.36	0.52		0.52	0.5	0.58	0.69	0.84	0.8	0.57	0.28	0.71	0.4	0.56	0.79	-0.36	0.52	0.26
Cash And Short Term Investments	0.76	0.24	0.6	-0.32	0.6	0.4	-0.57	0.06	-0.43	1.0	0.52		0.39	0.67	0.39	0.74	0.66	0.67	-0.17	0.93	0.16	0.46	0.33	-0.5	0.26	0.59
Net Receivables	0.57	-0.1	0.38	-0.25	0.34	0.09	-0.4	-0.33	-0.17	0.39	0.5	0.39		0.62	0.18	0.36	0.29	0.47	0.24	0.54	-0.4	0.26	0.03	0.02	0.17	0.48
Common Stock Shares Outstanding	0.81	0.12	0.24	-0.06	0.2	0.24	-0.39	-0.5	-0.1	0.67	0.58	0.67	0.62		0.36	0.58	0.42	0.38	0.25	0.78	-0.05	0.13	0.17	-0.19	-0.13	0.52
Non Current Liabilities Total	0.62	0.86	0.6	-0.05	0.5	0.9	0.43	-0.07	-0.36	0.39	0.69	0.39	0.18	0.36		0.84	0.87	0.6	-0.03	0.61	0.62	0.32	0.8	-0.31	0.41	0.26
Inventory	0.83	0.77	0.76	-0.09	0.7	0.87	0.08	-0.04	-0.41	0.74	0.84	0.74	0.36	0.58	0.84		0.94	0.78	-0.07	0.88	0.6	0.53	0.81	-0.46	0.5	0.41
Other Current Assets	0.77	0.77	0.78	-0.18	0.78	0.89	0.14	0.03	-0.48	0.66	0.8	0.66	0.29	0.42	0.87	0.94		0.82	-0.23	0.8	0.55	0.59	0.83	-0.51	0.54	0.43
Other Stockholder Equity	0.65	0.44	0.87	-0.24	0.83	0.62	-0.15	0.02	-0.45	0.67	0.57	0.67	0.47	0.38	0.6	0.78	0.82		-0.34	0.78	0.28	0.59	0.55	-0.38	0.41	0.5
Total Liab	0.17	0.02	-0.35	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	-0.23	-0.34		-0.08	-0.06	-0.15	0.05	0.44	-0.16	-0.46
Total Current Assets	0.92	0.41	0.73	-0.28	0.69	0.58	-0.35	-0.04	-0.48	0.93	0.71	0.93	0.54	0.78	0.61	0.88	0.8	0.78	-0.08		0.22	0.53	0.48	-0.49	0.24	0.64
Short Term Debt	0.19	0.88	0.38	0.37	0.24	0.74	0.61	0.05	-0.01	0.16	0.4	0.16	-0.4	-0.05	0.62	0.6	0.55	0.28	-0.06	0.22		0.16	0.78	-0.19	0.39	-0.26
Non Currrent Assets Other	0.58	0.25	0.64	-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	0.59	0.59	-0.15	0.53	0.16		0.36	-0.74	0.4	0.52
Property Plant And Equipment Gross	0.55	0.94	0.55	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	0.83	0.55	0.05	0.48	0.78	0.36		-0.2	0.6	-0.1
Current Deferred Revenue	-0.45	-0.21	-0.4	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	-0.51	-0.38	0.44	-0.49	-0.19	-0.74	-0.2		-0.36	-0.72
Common Stock Total Equity	0.18	0.48	0.34	-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	0.54	0.41	-0.16	0.24	0.39	0.4	0.6	-0.36		0.07
Common Stock	0.54	-0.09	0.46	-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	0.43	0.5	-0.46	0.64	-0.26	0.52	-0.1	-0.72	0.07

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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	375.5K	693.0K	742.5K	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	411.5K	422.5K	687.0K	639.6K	671.6K
Other Stockholder Equity	63.7M	61.7M	66.1M	66.3M	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	10.7M	8.0M
Short Term Debt	1.4M	1.9M	2.1M	1.9M	3.5M	3.6M
Non Currrent Assets Other	202K	159K	140K	250K	572.3K	600.9K
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	(322.6K)	(306.5K)
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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