Socket Net Tangible Assets vs Common Stock Analysis

SCKT Stock

USD 1.29 0.02 1.53%

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 Net Tangible Assets and its Common Stock 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.

Net Tangible Assets vs Common Stock

Net Tangible Assets vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Socket Mobile Net Tangible Assets account and Common Stock. At this time, the significance of the direction appears to have weak relationship.

The correlation between Socket Mobile's Net Tangible Assets and Common Stock is 0.38. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Common Stock 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 Net Tangible Assets and Common Stock 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 Socket Mobile are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Tangible Assets i.e., Socket Mobile's Net Tangible Assets and Common Stock go up and down completely randomly.

Correlation Coefficient

0.38

Relationship Direction	Positive
Relationship Strength	Very Weak

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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.

Common Stock

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.At this time, Socket Mobile's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 26.8 M in 2025, whereas Selling General Administrative is likely to drop slightly above 2.3 M in 2025.

	2022	2023	2024	2025 (projected)
Gross Profit	10.4M	8.5M	9.7M	8.6M
Total Revenue	21.2M	17.0M	19.6M	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		0.56	0.62	-0.01	0.62	0.69	0.03	-0.01	-0.5	0.72	0.85	0.72	0.44	0.83	0.67	0.83	0.78	0.68	0.23	0.92	0.37	0.57	0.64	-0.43	0.15	0.37
Short Long Term Debt Total	0.56		0.59	0.39	0.42	0.96	0.73	0.12	-0.21	0.25	0.77	0.25	-0.13	0.24	0.89	0.84	0.84	0.55	0.1	0.49	0.92	0.29	0.96	-0.24	0.47	-0.19
Other Current Liab	0.62	0.59		-0.04	0.88	0.67	0.12	0.28	-0.5	0.6	0.58	0.6	0.33	0.29	0.66	0.79	0.81	0.88	-0.28	0.74	0.49	0.65	0.61	-0.41	0.38	0.35
Total Current Liabilities	-0.01	0.39	-0.04		-0.38	0.24	0.54	-0.45	0.69	-0.25	0.09	-0.25	-0.27	0.06	0.11	0.08	0.02	-0.09	0.3	-0.11	0.46	-0.47	0.32	0.58	-0.29	-0.67
Total Stockholder Equity	0.62	0.42	0.88	-0.38		0.55	-0.04	0.44	-0.74	0.61	0.55	0.61	0.31	0.25	0.53	0.69	0.76	0.83	-0.43	0.7	0.31	0.83	0.49	-0.66	0.44	0.56
Property Plant And Equipment Net	0.69	0.96	0.67	0.24	0.55		0.6	0.15	-0.35	0.39	0.86	0.39	0.03	0.33	0.92	0.9	0.92	0.68	0.11	0.62	0.83	0.43	0.98	-0.3	0.53	-0.08
Net Debt	0.03	0.73	0.12	0.54	-0.04	0.6		0.05	0.1	-0.47	0.33	-0.47	-0.4	-0.23	0.54	0.27	0.32	0.02	0.2	-0.17	0.69	-0.07	0.63	0.13	0.18	-0.54
Retained Earnings	-0.01	0.12	0.28	-0.45	0.44	0.15	0.05		-0.68	0.07	0.01	0.07	-0.33	-0.45	0.02	0.05	0.12	0.08	-0.22	0.01	0.15	0.55	0.14	-0.49	0.32	0.04
Accounts Payable	-0.5	-0.21	-0.5	0.69	-0.74	-0.35	0.1	-0.68		-0.44	-0.36	-0.44	-0.15	-0.15	-0.37	-0.41	-0.47	-0.46	0.17	-0.5	-0.08	-0.72	-0.28	0.65	-0.32	-0.48
Cash	0.72	0.25	0.6	-0.25	0.61	0.39	-0.47	0.07	-0.44		0.5	1.0	0.38	0.67	0.39	0.69	0.61	0.66	-0.15	0.9	0.19	0.47	0.33	-0.51	0.26	0.55
Non Current Assets Total	0.85	0.77	0.58	0.09	0.55	0.86	0.33	0.01	-0.36	0.5		0.5	0.39	0.59	0.76	0.88	0.85	0.65	0.31	0.73	0.58	0.55	0.85	-0.37	0.53	0.11
Cash And Short Term Investments	0.72	0.25	0.6	-0.25	0.61	0.39	-0.47	0.07	-0.44	1.0	0.5		0.38	0.67	0.39	0.69	0.61	0.66	-0.15	0.9	0.19	0.47	0.33	-0.51	0.26	0.55
Net Receivables	0.44	-0.13	0.33	-0.27	0.31	0.03	-0.4	-0.33	-0.15	0.38	0.39	0.38		0.55	0.12	0.27	0.21	0.41	0.21	0.46	-0.36	0.24	-0.03	0.02	0.15	0.49
Common Stock Shares Outstanding	0.83	0.24	0.29	0.06	0.25	0.33	-0.23	-0.45	-0.15	0.67	0.59	0.67	0.55		0.41	0.59	0.46	0.42	0.29	0.8	0.1	0.18	0.28	-0.19	-0.14	0.42
Non Current Liabilities Total	0.67	0.89	0.66	0.11	0.53	0.92	0.54	0.02	-0.37	0.39	0.76	0.39	0.12	0.41		0.88	0.9	0.67	0.05	0.65	0.72	0.36	0.85	-0.33	0.43	0.13
Inventory	0.83	0.84	0.79	0.08	0.69	0.9	0.27	0.05	-0.41	0.69	0.88	0.69	0.27	0.59	0.88		0.96	0.81	0.01	0.86	0.72	0.53	0.86	-0.45	0.51	0.24
Other Current Assets	0.78	0.84	0.81	0.02	0.76	0.92	0.32	0.12	-0.47	0.61	0.85	0.61	0.21	0.46	0.9	0.96		0.84	-0.12	0.8	0.69	0.58	0.88	-0.49	0.54	0.26
Other Stockholder Equity	0.68	0.55	0.88	-0.09	0.83	0.68	0.02	0.08	-0.46	0.66	0.65	0.66	0.41	0.42	0.67	0.81	0.84		-0.26	0.79	0.43	0.6	0.63	-0.4	0.44	0.38
Total Liab	0.23	0.1	-0.28	0.3	-0.43	0.11	0.2	-0.22	0.17	-0.15	0.31	-0.15	0.21	0.29	0.05	0.01	-0.12	-0.26		-0.01	0.04	-0.12	0.14	0.42	-0.17	-0.48
Total Current Assets	0.92	0.49	0.74	-0.11	0.7	0.62	-0.17	0.01	-0.5	0.9	0.73	0.9	0.46	0.8	0.65	0.86	0.8	0.79	-0.01		0.35	0.55	0.55	-0.49	0.22	0.52
Short Term Debt	0.37	0.92	0.49	0.46	0.31	0.83	0.69	0.15	-0.08	0.19	0.58	0.19	-0.36	0.1	0.72	0.72	0.69	0.43	0.04	0.35		0.22	0.86	-0.22	0.41	-0.33
Non Currrent Assets Other	0.57	0.29	0.65	-0.47	0.83	0.43	-0.07	0.55	-0.72	0.47	0.55	0.47	0.24	0.18	0.36	0.53	0.58	0.6	-0.12	0.55	0.22		0.38	-0.75	0.39	0.47
Property Plant And Equipment Gross	0.64	0.96	0.61	0.32	0.49	0.98	0.63	0.14	-0.28	0.33	0.85	0.33	-0.03	0.28	0.85	0.86	0.88	0.63	0.14	0.55	0.86	0.38		-0.23	0.54	-0.2
Current Deferred Revenue	-0.43	-0.24	-0.41	0.58	-0.66	-0.3	0.13	-0.49	0.65	-0.51	-0.37	-0.51	0.02	-0.19	-0.33	-0.45	-0.49	-0.4	0.42	-0.49	-0.22	-0.75	-0.23		-0.39	-0.67
Common Stock Total Equity	0.15	0.47	0.38	-0.29	0.44	0.53	0.18	0.32	-0.32	0.26	0.53	0.26	0.15	-0.14	0.43	0.51	0.54	0.44	-0.17	0.22	0.41	0.39	0.54	-0.39		0.07
Common Stock	0.37	-0.19	0.35	-0.67	0.56	-0.08	-0.54	0.04	-0.48	0.55	0.11	0.55	0.49	0.42	0.13	0.24	0.26	0.38	-0.48	0.52	-0.33	0.47	-0.2	-0.67	0.07

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Socket Mobile Account Relationship Matchups

Socket Mobile fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	15.1M	25.6M	28.6M	28.7M	33.1M	17.1M
Short Long Term Debt Total	2.2M	2.2M	5.2M	6.3M	7.2M	7.6M
Other Current Liab	375.5K	693.0K	742.5K	580.0K	667.0K	700.3K
Total Current Liabilities	2.2M	4.6M	4.4M	6.5M	7.5M	5.7M
Total Stockholder Equity	10.6M	20.0M	20.3M	19.4M	17.5M	18.4M
Property Plant And Equipment Net	1.5M	1.3M	5.2M	6.1M	7.0M	7.4M
Net Debt	61K	(3.9M)	1.6M	3.5M	4.0M	4.2M
Retained Earnings	(51.1M)	(46.1M)	(46.0M)	(47.9M)	(43.1M)	(45.3M)
Accounts Payable	1.4M	2.2M	1.7M	1.6M	1.8M	2.6M
Cash	2.1M	6.1M	3.6M	2.8M	2.5M	2.2M
Non Current Assets Total	7.1M	11.2M	15.8M	18.0M	20.7M	21.8M
Cash And Short Term Investments	2.1M	6.1M	3.6M	2.8M	2.5M	2.2M
Net Receivables	2.1M	2.6M	2.7M	1.7M	2.0M	2.4M
Common Stock Shares Outstanding	6.0M	8.9M	7.5M	7.2M	8.3M	4.4M
Liabilities And Stockholders Equity	15.1M	25.6M	28.6M	28.7M	25.9M	27.2M
Non Current Liabilities Total	2.2M	915K	3.9M	2.8M	3.2M	3.4M
Inventory	3.2M	5.2M	5.6M	5.5M	6.4M	6.7M
Other Current Assets	411.5K	422.5K	687.0K	639.6K	735.5K	772.3K
Other Stockholder Equity	61.7M	66.1M	66.3M	67.3M	77.4M	81.3M
Total Liab	4.4M	5.5M	8.3M	9.3M	10.7M	7.2M
Total Current Assets	7.9M	14.4M	12.8M	10.7M	12.3M	8.0M
Short Term Debt	1.9M	2.1M	1.9M	3.5M	4.0M	4.2M
Non Currrent Assets Other	159K	140K	250K	249.7K	224.7K	236.0K
Property Plant And Equipment Gross	847.7K	1.3M	5.2M	9.4M	10.8M	11.4M
Current Deferred Revenue	451K	407K	629K	845.6K	761K	723.0K
Common Stock	61.7M	66.1M	67.2M	7.3K	8.4K	8.0K
Other Assets	6.3M	8.1M	8.9M	(322.6K)	(371.0K)	(352.4K)
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
Good Will	0.0	39.0	73.0	1.6M	1.4M	1.3M
Other Liab	40.7K	28.8K	32K	34K	30.6K	29.1K
Net Tangible Assets	8.8M	10.6M	18.2M	18.6M	21.4M	22.5M

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