Sportking Common Stock Shares Outstanding vs Cash And Short Term Investments Analysis

SPORTKING

95.06 1.79 1.92%

Sportking India financial indicator trend analysis is much more than just breaking down Sportking India prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sportking India is a good investment. Please check the relationship between Sportking India Common Stock Shares Outstanding 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 Sportking India 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 estimate.

Common Stock Shares Outstanding vs Cash And Short Term Investments

Common Stock Shares Outstanding 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 Sportking India Common Stock Shares Outstanding account and Cash And Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Sportking India's Common Stock Shares Outstanding and Cash And Short Term Investments is -0.15. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Sportking India Limited, assuming nothing else is changed. The correlation between historical values of Sportking India's Common Stock Shares Outstanding 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 Common Stock Shares Outstanding of Sportking India Limited 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 Common Stock Shares Outstanding i.e., Sportking India's Common Stock Shares Outstanding and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.15

Relationship Direction	Negative
Relationship Strength	Insignificant

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Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Sportking India balance sheet. This account contains Sportking India investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Sportking India Limited 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 Sportking India's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sportking India 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 Sportking India 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 estimate.

The Sportking India's current Selling General Administrative is estimated to increase to about 1.8 B. The Sportking India's current Tax Provision is estimated to increase to about 509.4 M

	2021	2022	2023	2024 (projected)
Gross Profit	7.5B	5.4B	2.9B	4.2B
Total Revenue	21.0B	22.1B	23.8B	15.2B

Gross Profit Total Revenue

Sportking India 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	Non Currrent Assets Other	Other Assets	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	Intangible Assets	Common Stock	Current Deferred Revenue
Total Assets		0.55	0.25	0.54	0.89	0.84	0.55	0.89	0.5	-0.11	0.87	0.4	-0.42	0.31	0.86	0.56	0.38	0.92	0.9	-0.31	0.78	0.97	0.33	-0.33	0.54	0.28
Short Long Term Debt Total	0.55		-0.02	0.37	0.38	0.59	1.0	0.39	-0.07	-0.15	0.57	0.35	-0.01	-0.23	0.28	0.72	0.69	0.55	0.4	-0.19	0.81	0.48	0.56	-0.24	0.16	-0.33
Other Current Liab	0.25	-0.02		0.61	0.13	0.25	-0.01	0.13	0.64	-0.14	0.24	-0.06	-0.12	-0.01	0.32	0.03	-0.2	0.21	0.11	-0.26	0.46	0.23	0.2	-0.05	0.02	0.7
Total Current Liabilities	0.54	0.37	0.61		0.37	0.21	0.39	0.37	0.73	-0.52	0.23	0.52	-0.25	-0.4	0.74	0.39	-0.29	0.64	0.24	-0.11	0.78	0.64	0.74	-0.24	-0.05	0.64
Total Stockholder Equity	0.89	0.38	0.13	0.37		0.74	0.38	1.0	0.41	-0.07	0.77	0.31	-0.47	0.36	0.76	0.69	0.33	0.8	0.87	-0.37	0.58	0.86	0.19	-0.3	0.59	0.15
Property Plant And Equipment Net	0.84	0.59	0.25	0.21	0.74		0.57	0.74	0.32	0.26	1.0	0.09	-0.19	0.57	0.48	0.54	0.73	0.62	0.84	-0.48	0.68	0.67	-0.01	-0.35	0.43	0.04
Net Debt	0.55	1.0	-0.01	0.39	0.38	0.57		0.39	-0.07	-0.19	0.56	0.35	-0.04	-0.26	0.3	0.72	0.67	0.55	0.39	-0.19	0.82	0.49	0.58	-0.22	0.17	-0.32
Retained Earnings	0.89	0.39	0.13	0.37	1.0	0.74	0.39		0.4	-0.06	0.77	0.32	-0.46	0.36	0.76	0.69	0.34	0.8	0.86	-0.36	0.58	0.85	0.19	-0.3	0.59	0.14
Accounts Payable	0.5	-0.07	0.64	0.73	0.41	0.32	-0.07	0.4		-0.06	0.35	0.29	-0.15	0.16	0.66	0.09	-0.35	0.4	0.36	-0.17	0.48	0.52	0.14	-0.43	-0.15	0.83
Cash	-0.11	-0.15	-0.14	-0.52	-0.07	0.26	-0.19	-0.06	-0.06		0.24	-0.16	0.71	0.69	-0.42	-0.2	0.35	-0.33	-0.03	0.12	-0.27	-0.28	-0.67	-0.36	-0.14	-0.34
Non Current Assets Total	0.87	0.57	0.24	0.23	0.77	1.0	0.56	0.77	0.35	0.24		0.13	-0.21	0.57	0.53	0.54	0.7	0.65	0.87	-0.46	0.69	0.71	0.01	-0.36	0.45	0.07
Non Currrent Assets Other	0.4	0.35	-0.06	0.52	0.31	0.09	0.35	0.32	0.29	-0.16	0.13		-0.01	-0.23	0.48	0.34	-0.12	0.56	0.12	0.42	0.43	0.49	0.5	-0.08	0.19	0.09
Other Assets	-0.42	-0.01	-0.12	-0.25	-0.47	-0.19	-0.04	-0.46	-0.15	0.71	-0.21	-0.01		0.03	-0.53	-0.23	0.07	-0.46	-0.53	0.38	-0.2	-0.48	-0.19	-0.45	-0.54	-0.4
Cash And Short Term Investments	0.31	-0.23	-0.01	-0.4	0.36	0.57	-0.26	0.36	0.16	0.69	0.57	-0.23	0.03		0.04	-0.15	0.37	0.05	0.51	-0.21	-0.15	0.14	-0.71	-0.17	0.27	0.05
Net Receivables	0.86	0.28	0.32	0.74	0.76	0.48	0.3	0.76	0.66	-0.42	0.53	0.48	-0.53	0.04		0.39	-0.1	0.89	0.7	-0.2	0.66	0.94	0.52	-0.3	0.39	0.56
Common Stock Shares Outstanding	0.56	0.72	0.03	0.39	0.69	0.54	0.72	0.69	0.09	-0.2	0.54	0.34	-0.23	-0.15	0.39		0.46	0.58	0.42	-0.45	0.68	0.52	0.5	-0.19	0.29	-0.26
Non Current Liabilities Total	0.38	0.69	-0.2	-0.29	0.33	0.73	0.67	0.34	-0.35	0.35	0.7	-0.12	0.07	0.37	-0.1	0.46		0.19	0.48	-0.31	0.37	0.18	-0.13	-0.16	0.32	-0.57
Inventory	0.92	0.55	0.21	0.64	0.8	0.62	0.55	0.8	0.4	-0.33	0.65	0.56	-0.46	0.05	0.89	0.58	0.19		0.73	-0.2	0.75	0.96	0.59	-0.13	0.59	0.26
Other Current Assets	0.9	0.4	0.11	0.24	0.87	0.84	0.39	0.86	0.36	-0.03	0.87	0.12	-0.53	0.51	0.7	0.42	0.48	0.73		-0.34	0.55	0.83	-0.01	-0.24	0.59	0.22
Other Stockholder Equity	-0.31	-0.19	-0.26	-0.11	-0.37	-0.48	-0.19	-0.36	-0.17	0.12	-0.46	0.42	0.38	-0.21	-0.2	-0.45	-0.31	-0.2	-0.34		-0.31	-0.2	-0.1	0.05	-0.06	-0.07
Total Liab	0.78	0.81	0.46	0.78	0.58	0.68	0.82	0.58	0.48	-0.27	0.69	0.43	-0.2	-0.15	0.66	0.68	0.37	0.75	0.55	-0.31		0.74	0.64	-0.34	0.16	0.24
Total Current Assets	0.97	0.48	0.23	0.64	0.86	0.67	0.49	0.85	0.52	-0.28	0.71	0.49	-0.48	0.14	0.94	0.52	0.18	0.96	0.83	-0.2	0.74		0.47	-0.28	0.53	0.36
Short Term Debt	0.33	0.56	0.2	0.74	0.19	-0.01	0.58	0.19	0.14	-0.67	0.01	0.5	-0.19	-0.71	0.52	0.5	-0.13	0.59	-0.01	-0.1	0.64	0.47		-0.04	0.05	0.1
Intangible Assets	-0.33	-0.24	-0.05	-0.24	-0.3	-0.35	-0.22	-0.3	-0.43	-0.36	-0.36	-0.08	-0.45	-0.17	-0.3	-0.19	-0.16	-0.13	-0.24	0.05	-0.34	-0.28	-0.04		0.36	-0.02
Common Stock	0.54	0.16	0.02	-0.05	0.59	0.43	0.17	0.59	-0.15	-0.14	0.45	0.19	-0.54	0.27	0.39	0.29	0.32	0.59	0.59	-0.06	0.16	0.53	0.05	0.36		-0.06
Current Deferred Revenue	0.28	-0.33	0.7	0.64	0.15	0.04	-0.32	0.14	0.83	-0.34	0.07	0.09	-0.4	0.05	0.56	-0.26	-0.57	0.26	0.22	-0.07	0.24	0.36	0.1	-0.02	-0.06

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Sportking India Account Relationship Matchups

Sportking India fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.7B	10.3B	15.5B	15.7B	19.6B	12.0B
Short Long Term Debt Total	5.7B	5.0B	5.3B	4.7B	8.8B	6.1B
Other Current Liab	315.8M	319.9M	675.6M	468.0M	467.6M	518.1M
Total Current Liabilities	4.3B	4.6B	6.2B	3.0B	6.2B	4.9B
Total Stockholder Equity	2.5B	3.6B	7.7B	9.0B	9.0B	9.5B
Property Plant And Equipment Net	4.7B	4.2B	4.5B	7.6B	7.9B	5.3B
Net Debt	5.7B	5.0B	5.3B	4.6B	8.7B	6.1B
Retained Earnings	1.8B	2.6B	6.7B	8.0B	8.1B	8.5B
Accounts Payable	761.2M	874.7M	1.2B	1.0B	873.3M	825.9M
Cash	15.9M	8.3M	5.4M	115.6M	14.5M	24.9M
Non Current Assets Total	4.8B	4.3B	5.0B	7.9B	8.1B	5.5B
Non Currrent Assets Other	88.3M	(10K)	223.8M	66.3M	210.7M	124.2M
Cash And Short Term Investments	15.9M	8.3M	5.4M	683.9M	14.5M	13.7M
Net Receivables	1.8B	2.1B	4.1B	2.3B	3.6B	2.1B
Liabilities And Stockholders Equity	9.7B	10.3B	15.5B	15.7B	19.6B	12.0B
Non Current Liabilities Total	2.8B	2.2B	1.7B	3.8B	4.4B	3.0B
Inventory	2.1B	2.8B	5.2B	3.7B	6.5B	3.5B
Other Current Assets	927.1M	1.1B	1.2B	1.7B	1.5B	1.1B
Other Stockholder Equity	69.8M	70.3M	822.7M	26.0M	1.0	0.95
Total Liab	7.1B	6.8B	7.9B	6.8B	10.6B	8.0B
Total Current Assets	4.8B	6.0B	10.6B	7.8B	11.5B	6.5B
Accumulated Other Comprehensive Income	54.9M	65.3M	796.7M	32.2M	644.1M	676.3M
Short Term Debt	3.2B	3.1B	4.0B	1.3B	4.8B	3.5B
Intangible Assets	2.1M	1.3M	635K	2.3M	1.8M	1.7M
Common Stock	34.4M	34.6M	34.8M	134.5M	128.7M	88.0M
Current Deferred Revenue	309.2M	566.1M	982.6M	532.9M	24.2M	23.0M
Short Term Investments	(972K)	99K	250.2M	568.3M	182.2M	185.4M

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Other Information on Investing in Sportking Stock

Balance Sheet is a snapshot of the financial position of Sportking India at a specified time, usually calculated after every quarter, six months, or one year. Sportking India Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sportking India 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 Sportking currently owns. An asset can also be divided into two categories, current and non-current.

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Sportking Common Stock Shares Outstanding vs Cash And Short Term Investments Analysis

Common Stock Shares Outstanding vs Cash And Short Term Investments

Common Stock Shares Outstanding vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Common Stock Shares Outstanding

Cash And Short Term Investments

Sportking India fundamental ratios Correlations

Sportking India Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sportking India fundamental ratios Accounts

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Other Information on Investing in Sportking Stock

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Net Debt	+ 1.0	Short Long Term Debt Total
Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 0.97	Total Assets
Total Current Assets	+ 0.96	Inventory
Total Current Assets	+ 0.94	Net Receivables

Short Term Debt	- 0.71	Cash And Short Term Investments
Short Term Debt	- 0.67	Cash
Current Deferred Revenue	- 0.57	Non Current Liabilities Total
Common Stock	- 0.54	Other Assets
Other Current Assets	- 0.53	Other Assets
Net Receivables	- 0.53	Other Assets