Seeing Other Current Assets vs Common Stock Total Equity Analysis

SEE Stock   3.40  0.20  6.25%   
Seeing Machines financial indicator trend analysis is much more than just breaking down Seeing Machines prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Seeing Machines is a good investment. Please check the relationship between Seeing Machines Other Current Assets and its Common Stock Total Equity accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Seeing Machines Limited. 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 economic analysis.

Other Current Assets vs Common Stock Total Equity

Other Current Assets vs Common Stock Total Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Seeing Machines Other Current Assets account and Common Stock Total Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Seeing Machines' Other Current Assets and Common Stock Total Equity is 0.82. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Seeing Machines Limited, assuming nothing else is changed. The correlation between historical values of Seeing Machines' Other Current Assets and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Seeing Machines Limited are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Other Current Assets i.e., Seeing Machines' Other Current Assets and Common Stock Total Equity go up and down completely randomly.

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Most indicators from Seeing Machines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Seeing Machines 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 Seeing Machines Limited. 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 economic analysis.
As of November 28, 2024, Selling General Administrative is expected to decline to about 8 M. The current year's Discontinued Operations is expected to grow to about (17.5 K)
 2021 2022 2023 2024 (projected)
Gross Profit12.0M28.9M31.5M33.1M
Total Revenue26.8M57.8M67.6M71.0M

Seeing Machines fundamental ratios Correlations

0.820.920.80.880.01-0.930.70.780.850.82-0.650.760.950.940.940.710.330.920.510.80.810.840.520.870.21
0.820.910.610.610.29-0.850.460.540.850.89-0.780.50.830.70.810.810.320.80.540.80.670.570.440.77-0.09
0.920.910.560.760.34-0.910.770.530.960.96-0.850.50.90.850.920.880.210.910.580.940.890.60.680.75-0.09
0.80.610.560.72-0.5-0.770.210.970.40.39-0.210.960.760.730.70.270.450.630.230.30.330.96-0.090.910.36
0.880.610.760.72-0.16-0.910.60.780.650.6-0.460.780.770.960.930.510.190.690.670.640.80.820.410.840.36
0.010.290.34-0.5-0.160.00.42-0.560.50.52-0.71-0.570.12-0.060.050.68-0.020.240.250.590.37-0.480.69-0.26-0.37
-0.93-0.85-0.91-0.77-0.910.0-0.59-0.78-0.78-0.780.65-0.75-0.88-0.93-0.98-0.69-0.26-0.81-0.62-0.75-0.8-0.81-0.4-0.94-0.09
0.70.460.770.210.60.42-0.590.250.810.75-0.710.230.710.70.690.740.020.80.390.860.880.350.870.38-0.07
0.780.540.530.970.78-0.56-0.780.250.340.33-0.180.990.730.780.720.240.390.590.330.280.380.97-0.090.90.4
0.850.850.960.40.650.5-0.780.810.340.99-0.870.320.830.750.830.910.160.890.510.970.880.440.820.59-0.11
0.820.890.960.390.60.52-0.780.750.330.99-0.880.290.810.710.810.910.180.860.520.960.850.410.770.6-0.18
-0.65-0.78-0.85-0.21-0.46-0.710.65-0.71-0.18-0.87-0.88-0.16-0.75-0.57-0.66-0.99-0.26-0.77-0.55-0.93-0.76-0.24-0.73-0.450.13
0.760.50.50.960.78-0.57-0.750.230.990.320.29-0.160.710.770.690.220.40.580.330.260.360.97-0.090.870.49
0.950.830.90.760.770.12-0.880.710.730.830.81-0.750.710.860.860.790.410.960.460.810.740.780.490.820.17
0.940.70.850.730.96-0.06-0.930.70.780.750.71-0.570.770.860.960.640.280.820.680.750.860.830.510.850.26
0.940.810.920.70.930.05-0.980.690.720.830.81-0.660.690.860.960.70.210.820.640.80.870.760.520.880.07
0.710.810.880.270.510.68-0.690.740.240.910.91-0.990.220.790.640.70.310.820.590.950.790.30.750.48-0.08
0.330.320.210.450.19-0.02-0.260.020.390.160.18-0.260.40.410.280.210.310.280.260.180.080.41-0.060.330.3
0.920.80.910.630.690.24-0.810.80.590.890.86-0.770.580.960.820.820.820.280.380.870.770.670.640.710.12
0.510.540.580.230.670.25-0.620.390.330.510.52-0.550.330.460.680.640.590.260.380.610.730.350.460.470.15
0.80.80.940.30.640.59-0.750.860.280.970.96-0.930.260.810.750.80.950.180.870.610.920.380.870.52-0.08
0.810.670.890.330.80.37-0.80.880.380.880.85-0.760.360.740.860.870.790.080.770.730.920.460.830.57-0.04
0.840.570.60.960.82-0.48-0.810.350.970.440.41-0.240.970.780.830.760.30.410.670.350.380.460.040.920.43
0.520.440.68-0.090.410.69-0.40.87-0.090.820.77-0.73-0.090.490.510.520.75-0.060.640.460.870.830.040.12-0.11
0.870.770.750.910.84-0.26-0.940.380.90.590.6-0.450.870.820.850.880.480.330.710.470.520.570.920.120.18
0.21-0.09-0.090.360.36-0.37-0.09-0.070.4-0.11-0.180.130.490.170.260.07-0.080.30.120.15-0.08-0.040.43-0.110.18
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Seeing Machines Account Relationship Matchups

Seeing Machines fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets65.7M92.9M137.6M133.1M130.3M136.8M
Other Current Liab8.3M3.5M17.8M24.8M15.0M15.7M
Total Current Liabilities13.5M15.4M26.0M32.1M32.7M34.3M
Total Stockholder Equity46.2M72.0M106.9M99.9M37.0M39.1M
Property Plant And Equipment Net7.6M7.6M7.8M5.7M7.2M7.6M
Net Debt(32.2M)(42.1M)(54.3M)7.1M27.6M28.9M
Retained Earnings(184.6M)(202.0M)(246.2M)(278.5M)(216.8M)(206.0M)
Accounts Payable1.2M6.6M2.7M3.6M11.6M12.2M
Cash38.1M47.4M58.6M54.3M23.4M23.6M
Non Current Assets Total8.5M17.2M42.0M50.8M68.5M72.0M
Cash And Short Term Investments38.7M47.9M58.6M54.3M23.7M24.3M
Net Receivables8.0M16.0M21.5M32.2M24.6M25.8M
Common Stock Shares Outstanding2.5B3.4B3.9B4.2B4.2B4.4B
Liabilities And Stockholders Equity65.7M92.9M137.6M133.1M130.3M136.8M
Non Current Liabilities Total6.0M5.5M4.7M67.8M60.7M63.7M
Inventory4.7M2.6M1.4M11.2M3.6M3.5M
Other Current Assets2.8M19.0M24.3M34.7M34.5M36.2M
Total Liab19.5M20.9M30.7M66.6M93.3M98.0M
Property Plant And Equipment Gross7.6M5.7M5.4M5.7M12.8M13.4M
Total Current Assets57.2M75.8M95.6M82.3M61.8M40.2M
Accumulated Other Comprehensive Income13.6M16.7M4.1M16.7M19.2M20.1M
Intangible Assets899K1.2M1.5M1.3M61.3M64.4M
Short Term Investments512K472K325K312K315K299.3K
Short Long Term Debt Total5.9M5.3M4.3M43.2M50.9M53.5M
Other Liab215K192K356K2.6M3.0M3.2M
Net Tangible Assets45.3M62.5M72.8M68.5M78.8M58.3M
Long Term Debt403.0K239K0.040.3M45.7M48.0M
Short Term Debt726.3K688K653K708K1.1M743.5K
Property Plant Equipment7.6M7.6M7.9M5.7M6.6M4.7M
Net Invested Capital46.6M72.0M107.1M106.9M82.7M83.3M
Net Working Capital43.7M60.4M69.7M60.9M29.1M43.5M

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Other Information on Investing in Seeing Stock

Balance Sheet is a snapshot of the financial position of Seeing Machines at a specified time, usually calculated after every quarter, six months, or one year. Seeing Machines Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Seeing Machines and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Seeing currently owns. An asset can also be divided into two categories, current and non-current.