SportsHero Net Receivables vs Cash And Equivalents Analysis

SHO Stock

0.02 0 5.26%

SportsHero financial indicator trend analysis is much more than just breaking down SportsHero prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SportsHero is a good investment. Please check the relationship between SportsHero Net Receivables and its Cash And Equivalents accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SportsHero. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Receivables vs Cash And Equivalents

Net Receivables vs Cash And Equivalents Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SportsHero Net Receivables account and Cash And Equivalents. At this time, the significance of the direction appears to have very week relationship.

The correlation between SportsHero's Net Receivables and Cash And Equivalents is 0.25. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Cash And Equivalents in the same time period over historical financial statements of SportsHero, assuming nothing else is changed. The correlation between historical values of SportsHero's Net Receivables and Cash And Equivalents 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 Receivables of SportsHero are associated (or correlated) with its Cash And Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Equivalents has no effect on the direction of Net Receivables i.e., SportsHero's Net Receivables and Cash And Equivalents go up and down completely randomly.

Correlation Coefficient

0.25

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Receivables

Cash And Equivalents

Most indicators from SportsHero's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SportsHero 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 SportsHero. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Selling General Administrative is likely to drop to about 479.7 K in 2024. Discontinued Operations is likely to drop to about (834.8 K) in 2024

	2021	2022	2023	2024 (projected)
Research Development	324.3K	515.2K	461.4K	366.0K
Reconciled Depreciation	2.3K	1.0K	1.2K	1.1K

Research Development Reconciled Depreciation

SportsHero fundamental ratios Correlations

	Total Assets	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	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Other Current Assets	Net Tangible Assets	Property Plant Equipment	Inventory	Net Invested Capital	Cash And Equivalents
Total Assets		-0.2	0.44	1.0	0.99	-0.36	0.33	0.83	0.33	0.99	-0.29	0.33	0.39	0.44	-0.56	0.35	0.43	0.99	0.35	0.43	0.71	0.91	0.9	-0.47	0.59	0.61
Other Current Liab	-0.2		0.42	-0.23	-0.15	0.41	-0.4	-0.09	-0.49	-0.16	0.63	-0.49	-0.21	0.45	-0.27	-0.18	0.42	-0.14	-0.4	0.1	0.3	-0.27	-0.25	-0.33	-0.03	0.13
Total Current Liabilities	0.44	0.42		0.39	0.51	0.44	-0.33	0.74	-0.47	0.5	0.04	-0.47	0.32	0.71	-0.28	-0.01	1.0	0.51	-0.41	0.57	0.67	0.23	0.25	-0.36	0.05	0.23
Total Stockholder Equity	1.0	-0.23	0.39		0.99	-0.39	0.35	0.81	0.36	0.99	-0.3	0.36	0.38	0.42	-0.56	0.35	0.39	0.98	0.38	0.41	0.69	0.92	0.9	-0.46	0.6	0.61
Property Plant And Equipment Net	0.99	-0.15	0.51	0.99		-0.24	0.28	0.85	0.21	1.0	-0.3	0.21	0.43	0.48	-0.53	0.29	0.5	1.0	0.23	0.47	0.74	0.88	0.87	-0.46	0.54	0.57
Net Debt	-0.36	0.41	0.44	-0.39	-0.24		-0.44	-0.09	-0.99	-0.25	0.14	-0.99	0.12	0.23	0.31	-0.47	0.44	-0.23	-0.98	0.18	0.07	-0.55	-0.5	0.13	-0.5	-0.35
Retained Earnings	0.33	-0.4	-0.33	0.35	0.28	-0.44		0.14	0.42	0.29	0.09	0.42	0.29	-0.63	-0.33	-0.01	-0.33	0.26	0.37	-0.66	-0.21	0.49	0.5	-0.34	0.13	0.22
Accounts Payable	0.83	-0.09	0.74	0.81	0.85	-0.09	0.14		0.06	0.85	-0.21	0.06	0.5	0.5	-0.48	0.25	0.74	0.84	0.07	0.46	0.69	0.67	0.67	-0.45	0.4	0.48
Cash	0.33	-0.49	-0.47	0.36	0.21	-0.99	0.42	0.06		0.22	-0.21	1.0	-0.13	-0.26	-0.23	0.45	-0.47	0.2	0.98	-0.16	-0.12	0.53	0.48	-0.06	0.45	0.29
Non Current Assets Total	0.99	-0.16	0.5	0.99	1.0	-0.25	0.29	0.85	0.22		-0.28	0.22	0.42	0.48	-0.55	0.29	0.5	1.0	0.24	0.46	0.74	0.88	0.87	-0.47	0.55	0.59
Other Assets	-0.29	0.63	0.04	-0.3	-0.3	0.14	0.09	-0.21	-0.21	-0.28		-0.21	-0.21	-0.11	-0.28	0.02	0.04	-0.3	-0.16	-0.42	-0.11	-0.35	-0.35	-0.37	-0.07	0.08
Cash And Short Term Investments	0.33	-0.49	-0.47	0.36	0.21	-0.99	0.42	0.06	1.0	0.22	-0.21		-0.13	-0.26	-0.23	0.45	-0.47	0.2	0.98	-0.16	-0.12	0.53	0.48	-0.06	0.45	0.29
Net Receivables	0.39	-0.21	0.32	0.38	0.43	0.12	0.29	0.5	-0.13	0.42	-0.21	-0.13		-0.01	-0.34	0.23	0.31	0.4	-0.07	-0.01	0.42	0.37	0.39	-0.4	0.2	0.25
Common Stock Total Equity	0.44	0.45	0.71	0.42	0.48	0.23	-0.63	0.5	-0.26	0.48	-0.11	-0.26	-0.01		-0.28	0.13	0.71	0.51	-0.18	0.87	0.8	0.23	0.21	-0.23	0.37	0.37
Common Stock Shares Outstanding	-0.56	-0.27	-0.28	-0.56	-0.53	0.31	-0.33	-0.48	-0.23	-0.55	-0.28	-0.23	-0.34	-0.28		-0.57	-0.27	-0.54	-0.31	0.08	-0.69	-0.64	-0.64	0.95	-0.78	-0.88
Other Stockholder Equity	0.35	-0.18	-0.01	0.35	0.29	-0.47	-0.01	0.25	0.45	0.29	0.02	0.45	0.23	0.13	-0.57		-0.01	0.29	0.52	0.07	0.41	0.37	0.34	-0.44	0.63	0.52
Total Liab	0.43	0.42	1.0	0.39	0.5	0.44	-0.33	0.74	-0.47	0.5	0.04	-0.47	0.31	0.71	-0.27	-0.01		0.51	-0.41	0.57	0.66	0.23	0.25	-0.36	0.05	0.22
Property Plant And Equipment Gross	0.99	-0.14	0.51	0.98	1.0	-0.23	0.26	0.84	0.2	1.0	-0.3	0.2	0.4	0.51	-0.54	0.29	0.51		0.22	0.49	0.75	0.87	0.87	-0.47	0.54	0.58
Total Current Assets	0.35	-0.4	-0.41	0.38	0.23	-0.98	0.37	0.07	0.98	0.24	-0.16	0.98	-0.07	-0.18	-0.31	0.52	-0.41	0.22		-0.12	-0.02	0.55	0.5	-0.14	0.53	0.37
Common Stock	0.43	0.1	0.57	0.41	0.47	0.18	-0.66	0.46	-0.16	0.46	-0.42	-0.16	-0.01	0.87	0.08	0.07	0.57	0.49	-0.12		0.61	0.2	0.18	0.15	0.2	0.12
Other Current Assets	0.71	0.3	0.67	0.69	0.74	0.07	-0.21	0.69	-0.12	0.74	-0.11	-0.12	0.42	0.8	-0.69	0.41	0.66	0.75	-0.02	0.61		0.59	0.59	-0.63	0.68	0.73
Net Tangible Assets	0.91	-0.27	0.23	0.92	0.88	-0.55	0.49	0.67	0.53	0.88	-0.35	0.53	0.37	0.23	-0.64	0.37	0.23	0.87	0.55	0.2	0.59		1.0	-0.53	0.66	0.68
Property Plant Equipment	0.9	-0.25	0.25	0.9	0.87	-0.5	0.5	0.67	0.48	0.87	-0.35	0.48	0.39	0.21	-0.64	0.34	0.25	0.87	0.5	0.18	0.59	1.0		-0.55	0.63	0.67
Inventory	-0.47	-0.33	-0.36	-0.46	-0.46	0.13	-0.34	-0.45	-0.06	-0.47	-0.37	-0.06	-0.4	-0.23	0.95	-0.44	-0.36	-0.47	-0.14	0.15	-0.63	-0.53	-0.55		-0.59	-0.76
Net Invested Capital	0.59	-0.03	0.05	0.6	0.54	-0.5	0.13	0.4	0.45	0.55	-0.07	0.45	0.2	0.37	-0.78	0.63	0.05	0.54	0.53	0.2	0.68	0.66	0.63	-0.59		0.94
Cash And Equivalents	0.61	0.13	0.23	0.61	0.57	-0.35	0.22	0.48	0.29	0.59	0.08	0.29	0.25	0.37	-0.88	0.52	0.22	0.58	0.37	0.12	0.73	0.68	0.67	-0.76	0.94

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SportsHero Account Relationship Matchups

SportsHero fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	470.1K	1.8M	2.6M	306.0K	34.1K	32.3K
Other Current Liab	(41.1K)	50.2K	34.9K	13.2K	191.6K	229.3K
Total Current Liabilities	732.7K	182.9K	264.9K	1.0M	595.9K	732.7K
Total Stockholder Equity	(262.6K)	1.7M	2.3M	(716.8K)	(561.8K)	(533.7K)
Property Plant And Equipment Net	31.1K	2.8K	3.1K	37.8K	2.4K	2.3K
Net Debt	99.9K	(1.8M)	(2.6M)	321.4K	246.9K	259.2K
Retained Earnings	(17.8M)	(18.3M)	(22.5M)	(25.1M)	(17.2M)	(18.1M)
Accounts Payable	221.9K	87.2K	147.3K	318.2K	130.7K	124.2K
Cash	224.5K	1.8M	2.6M	203.5K	26.7K	25.4K
Non Current Assets Total	31.1K	2.8K	3.1K	37.8K	2.4K	2.3K
Cash And Short Term Investments	224.5K	1.8M	2.6M	203.5K	26.7K	25.4K
Net Receivables	214.5K	1.9K	3.1K	1.8K	4.9K	4.7K
Common Stock Shares Outstanding	319.3M	404.9M	534.0M	572.4M	599.5M	629.5M
Liabilities And Stockholders Equity	470.1K	1.8M	2.6M	306.0K	34.1K	32.3K
Other Stockholder Equity	(4.3M)	1.0	413.0K	(20.1K)	(8.4M)	(8.0M)
Total Liab	732.7K	182.9K	264.9K	1.0M	595.9K	734.0K
Property Plant And Equipment Gross	31.2K	2.1K	2.1K	25.1K	19.4K	18.5K
Total Current Assets	439.0K	1.8M	2.6M	268.2K	31.6K	30.1K
Accumulated Other Comprehensive Income	471.4K	1.1M	1.3M	(59.1K)	(191.9K)	(182.3K)
Common Stock	17.1M	18.9M	23.6M	24.5M	25.3M	18.8M
Other Current Assets	214.0K	2.6K	4.5K	62.8K	4.2K	4.0K
Net Tangible Assets	(180.8K)	1.2M	1.6M	(477.2K)	(429.4K)	(408.0K)
Property Plant Equipment	21.4K	2.1K	2.1K	25.2K	22.6K	21.5K
Non Current Liabilities Total	424.9K	137.3K	182.2K	20.5K	0.76	0.72
Net Invested Capital	36.8K	1.2M	1.6M	(118.3K)	(288.2K)	(273.8K)
Net Working Capital	(294.6K)	1.2M	1.6M	(461.3K)	(564.2K)	(536.0K)
Capital Stock	11.8M	14.2M	16.2M	16.3M	16.9M	15.7M

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