SXTPW Other Current Assets vs Capital Stock Analysis

SXTPW Stock

0.02 0.02 45.95%

60 Degrees financial indicator trend analysis is way more than just evaluating 60 Degrees Pharmaceu prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 60 Degrees Pharmaceu is a good investment. Please check the relationship between 60 Degrees Other Current Assets and its Capital Stock accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in 60 Degrees Pharmaceuticals,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Other Current Assets vs Capital Stock

Other Current Assets vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 60 Degrees Pharmaceu Other Current Assets account and Capital Stock. At this time, the significance of the direction appears to have almost identical trend.

The correlation between 60 Degrees' Other Current Assets and Capital Stock is 0.94. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Capital Stock in the same time period over historical financial statements of 60 Degrees Pharmaceuticals,, assuming nothing else is changed. The correlation between historical values of 60 Degrees' Other Current Assets and Capital 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 Other Current Assets of 60 Degrees Pharmaceuticals, are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Other Current Assets i.e., 60 Degrees' Other Current Assets and Capital Stock go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

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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.

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.

Most indicators from 60 Degrees' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 60 Degrees Pharmaceu 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 60 Degrees Pharmaceuticals,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Tax Provision is likely to drop to 237.50 in 2024. Selling General Administrative is likely to drop to about 2.2 M in 2024

	2021	2022	2023	2024 (projected)
Total Operating Expenses	2.3M	2.0M	5.4M	3.4M
Cost Of Revenue	850.7K	432.4K	474.6K	492.1K

Total Operating Expenses Cost Of Revenue

60 Degrees 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	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets	Short Long Term Debt
Total Assets		0.81	-0.17	0.99	-0.19	0.62	-0.75	-0.53	0.97	0.82	-0.71	-0.35	-0.98	-0.7	-0.56	0.98	-0.98	-0.92	0.65	1.0	0.89	0.44	0.69	-0.98
Other Current Liab	0.81		0.42	0.8	-0.52	0.91	-0.98	-0.81	0.91	0.82	-0.98	-0.76	-0.9	-0.98	-0.9	0.89	-0.8	-0.76	0.75	0.8	0.81	-0.15	0.93	-0.9
Total Current Liabilities	-0.17	0.42		-0.21	-0.76	0.5	-0.43	-0.37	0.01	0.06	-0.57	-0.58	0.02	-0.57	-0.53	-0.04	0.21	0.03	0.07	-0.18	-0.12	-0.96	0.45	0.02
Total Stockholder Equity	0.99	0.8	-0.21		-0.07	0.65	-0.76	-0.61	0.98	0.85	-0.68	-0.42	-0.98	-0.68	-0.61	0.99	-1.0	-0.85	0.75	0.98	0.94	0.47	0.72	-0.98
Property Plant And Equipment Net	-0.19	-0.52	-0.76	-0.07		-0.35	0.42	0.09	-0.25	-0.08	0.68	0.22	0.21	0.6	0.32	-0.21	0.04	0.46	0.14	-0.19	0.05	0.64	-0.37	0.21
Net Debt	0.62	0.91	0.5	0.65	-0.35		-0.93	-0.91	0.76	0.88	-0.89	-0.88	-0.76	-0.93	-0.96	0.74	-0.66	-0.53	0.84	0.6	0.75	-0.28	0.99	-0.77
Retained Earnings	-0.75	-0.98	-0.43	-0.76	0.42	-0.93		0.9	-0.87	-0.81	0.94	0.86	0.87	0.97	0.96	-0.85	0.77	0.63	-0.84	-0.73	-0.84	0.19	-0.94	0.87
Accounts Payable	-0.53	-0.81	-0.37	-0.61	0.09	-0.91	0.9		-0.69	-0.76	0.74	0.97	0.7	0.81	0.97	-0.68	0.63	0.3	-0.95	-0.51	-0.81	0.19	-0.88	0.7
Cash	0.97	0.91	0.01	0.98	-0.25	0.76	-0.87	-0.69		0.87	-0.82	-0.55	-1.0	-0.82	-0.73	1.0	-0.97	-0.87	0.77	0.97	0.93	0.27	0.82	-1.0
Non Current Assets Total	0.82	0.82	0.06	0.85	-0.08	0.88	-0.81	-0.76	0.87		-0.74	-0.62	-0.88	-0.76	-0.77	0.87	-0.86	-0.7	0.84	0.81	0.86	0.18	0.91	-0.89
Long Term Debt	-0.71	-0.98	-0.57	-0.68	0.68	-0.89	0.94	0.74	-0.82	-0.74		0.73	0.8	0.99	0.87	-0.79	0.67	0.73	-0.62	-0.7	-0.67	0.32	-0.91	0.8
Net Receivables	-0.35	-0.76	-0.58	-0.42	0.22	-0.88	0.86	0.97	-0.55	-0.62	0.73		0.55	0.81	0.97	-0.52	0.45	0.16	-0.84	-0.33	-0.65	0.43	-0.83	0.55
Common Stock Shares Outstanding	-0.98	-0.9	0.02	-0.98	0.21	-0.76	0.87	0.7	-1.0	-0.88	0.8	0.55		0.81	0.73	-1.0	0.98	0.86	-0.79	-0.97	-0.94	-0.3	-0.82	1.0
Non Current Liabilities Total	-0.7	-0.98	-0.57	-0.68	0.6	-0.93	0.97	0.81	-0.82	-0.76	0.99	0.81	0.81		0.92	-0.79	0.68	0.67	-0.7	-0.68	-0.71	0.32	-0.94	0.81
Inventory	-0.56	-0.9	-0.53	-0.61	0.32	-0.96	0.96	0.97	-0.73	-0.77	0.87	0.97	0.73	0.92		-0.7	0.62	0.41	-0.87	-0.54	-0.76	0.33	-0.94	0.73
Other Current Assets	0.98	0.89	-0.04	0.99	-0.21	0.74	-0.85	-0.68	1.0	0.87	-0.79	-0.52	-1.0	-0.79	-0.7		-0.98	-0.87	0.77	0.98	0.94	0.32	0.8	-1.0
Total Liab	-0.98	-0.8	0.21	-1.0	0.04	-0.66	0.77	0.63	-0.97	-0.86	0.67	0.45	0.98	0.68	0.62	-0.98		0.83	-0.78	-0.98	-0.96	-0.47	-0.72	0.98
Net Invested Capital	-0.92	-0.76	0.03	-0.85	0.46	-0.53	0.63	0.3	-0.87	-0.7	0.73	0.16	0.86	0.67	0.41	-0.87	0.83		-0.37	-0.93	-0.65	-0.3	-0.61	0.86
Property Plant And Equipment Gross	0.65	0.75	0.07	0.75	0.14	0.84	-0.84	-0.95	0.77	0.84	-0.62	-0.84	-0.79	-0.7	-0.87	0.77	-0.78	-0.37		0.64	0.92	0.12	0.83	-0.79
Total Current Assets	1.0	0.8	-0.18	0.98	-0.19	0.6	-0.73	-0.51	0.97	0.81	-0.7	-0.33	-0.97	-0.68	-0.54	0.98	-0.98	-0.93	0.64		0.88	0.45	0.68	-0.97
Capital Stock	0.89	0.81	-0.12	0.94	0.05	0.75	-0.84	-0.81	0.93	0.86	-0.67	-0.65	-0.94	-0.71	-0.76	0.94	-0.96	-0.65	0.92	0.88		0.36	0.78	-0.94
Net Working Capital	0.44	-0.15	-0.96	0.47	0.64	-0.28	0.19	0.19	0.27	0.18	0.32	0.43	-0.3	0.32	0.33	0.32	-0.47	-0.3	0.12	0.45	0.36		-0.21	-0.3
Intangible Assets	0.69	0.93	0.45	0.72	-0.37	0.99	-0.94	-0.88	0.82	0.91	-0.91	-0.83	-0.82	-0.94	-0.94	0.8	-0.72	-0.61	0.83	0.68	0.78	-0.21		-0.82
Short Long Term Debt	-0.98	-0.9	0.02	-0.98	0.21	-0.77	0.87	0.7	-1.0	-0.89	0.8	0.55	1.0	0.81	0.73	-1.0	0.98	0.86	-0.79	-0.97	-0.94	-0.3	-0.82

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SXTPW Other Current Assets vs Capital Stock Analysis

Other Current Assets vs Capital Stock

Other Current Assets vs Capital Stock Correlation Analysis

Correlation Coefficient

Other Current Assets

Capital Stock

60 Degrees fundamental ratios Correlations

60 Degrees Account Relationship Matchups

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Total Current Assets	+ 1.0	Total Assets
Other Current Assets	+ 1.0	Cash
Short Long Term Debt	+ 1.0	Common Stock Shares Outstanding
Total Stockholder Equity	+ 0.99	Total Assets
Other Current Assets	+ 0.99	Total Stockholder Equity
Intangible Assets	+ 0.99	Net Debt

Short Long Term Debt	- 1.0	Other Current Assets
Other Current Assets	- 1.0	Common Stock Shares Outstanding
Short Long Term Debt	- 1.0	Cash
Common Stock Shares Outstanding	- 1.0	Cash
Total Liab	- 1.0	Total Stockholder Equity
Total Current Assets	- 0.98	Total Liab