Wearable Gross Profit Margin vs Asset Turnover Analysis

WLDSW Stock

USD 0.26 0.09 52.94%

Wearable Devices financial indicator trend analysis is more than just analyzing Wearable Devices current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wearable Devices is a good investment. Please check the relationship between Wearable Devices Gross Profit Margin and its Asset Turnover accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wearable Devices. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Wearable Stock please use our How to Invest in Wearable Devices guide.

Gross Profit Margin vs Asset Turnover

Gross Profit Margin vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wearable Devices Gross Profit Margin account and Asset Turnover. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Wearable Devices' Gross Profit Margin and Asset Turnover is 0.95. Overlapping area represents the amount of variation of Gross Profit Margin that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Wearable Devices, assuming nothing else is changed. The correlation between historical values of Wearable Devices' Gross Profit Margin and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit Margin of Wearable Devices are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Gross Profit Margin i.e., Wearable Devices' Gross Profit Margin and Asset Turnover go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

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Gross Profit Margin

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Most indicators from Wearable Devices' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wearable Devices 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wearable Devices. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Wearable Stock please use our How to Invest in Wearable Devices guide.At this time, Wearable Devices' Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 36.90 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 1.6 M in 2024.

	2021	2023	2024 (projected)
Interest Expense	38K	43.7K	61.6K
Depreciation And Amortization	11K	68K	71.4K

Interest Expense Depreciation And Amortization

Wearable Devices fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital
Total Assets		-0.75	0.84	-0.66	0.96	0.65	0.72	-0.87	-0.78	0.63	0.74	0.64	-0.74	0.98	0.5	0.92	0.48	0.82	0.86	-0.63	0.99	0.61	0.56	1.0	0.85	0.96
Short Long Term Debt Total	-0.75		-0.89	0.98	-0.88	-0.7	-0.91	0.72	0.83	-0.67	-0.41	-0.7	0.51	-0.7	-0.6	-0.78	-0.58	-0.79	-0.87	0.97	-0.71	-0.69	-0.65	-0.74	-0.89	-0.88
Other Current Liab	0.84	-0.89		-0.81	0.89	0.83	0.91	-0.63	-0.93	0.79	0.35	0.82	-0.43	0.73	0.74	0.94	0.72	0.9	0.93	-0.77	0.78	0.81	0.84	0.82	0.99	0.88
Total Current Liabilities	-0.66	0.98	-0.81		-0.81	-0.58	-0.87	0.71	0.72	-0.55	-0.41	-0.57	0.52	-0.63	-0.47	-0.65	-0.45	-0.66	-0.77	1.0	-0.63	-0.56	-0.53	-0.66	-0.8	-0.81
Total Stockholder Equity	0.96	-0.88	0.89	-0.81		0.75	0.82	-0.85	-0.87	0.73	0.65	0.74	-0.68	0.93	0.61	0.92	0.59	0.89	0.94	-0.78	0.94	0.72	0.64	0.96	0.89	1.0
Property Plant And Equipment Net	0.65	-0.7	0.83	-0.58	0.75		0.66	-0.29	-0.97	0.99	0.01	1.0	-0.03	0.52	0.98	0.88	0.98	0.96	0.93	-0.53	0.58	1.0	0.95	0.62	0.84	0.73
Current Deferred Revenue	0.72	-0.91	0.91	-0.87	0.82	0.66		-0.67	-0.8	0.59	0.39	0.65	-0.52	0.66	0.57	0.76	0.53	0.77	0.83	-0.85	0.67	0.64	0.65	0.71	0.85	0.81
Net Debt	-0.87	0.72	-0.63	0.71	-0.85	-0.29	-0.67		0.48	-0.26	-0.93	-0.27	0.96	-0.93	-0.1	-0.63	-0.07	-0.52	-0.62	0.71	-0.9	-0.24	-0.16	-0.89	-0.61	-0.87
Retained Earnings	-0.78	0.83	-0.93	0.72	-0.87	-0.97	-0.8	0.48		-0.95	-0.19	-0.97	0.24	-0.67	-0.92	-0.94	-0.9	-0.99	-0.98	0.68	-0.71	-0.96	-0.93	-0.75	-0.93	-0.85
Accounts Payable	0.63	-0.67	0.79	-0.55	0.73	0.99	0.59	-0.26	-0.95		-0.01	0.99	0.01	0.5	0.98	0.86	0.98	0.94	0.91	-0.5	0.56	0.99	0.94	0.6	0.82	0.7
Cash	0.74	-0.41	0.35	-0.41	0.65	0.01	0.39	-0.93	-0.19	-0.01		-0.01	-0.98	0.85	-0.17	0.41	-0.21	0.27	0.36	-0.41	0.81	-0.04	-0.13	0.78	0.34	0.67
Non Current Assets Total	0.64	-0.7	0.82	-0.57	0.74	1.0	0.65	-0.27	-0.97	0.99	-0.01		-0.02	0.51	0.98	0.87	0.98	0.96	0.92	-0.52	0.57	1.0	0.95	0.61	0.83	0.71
Non Currrent Assets Other	-0.74	0.51	-0.43	0.52	-0.68	-0.03	-0.52	0.96	0.24	0.01	-0.98	-0.02		-0.84	0.15	-0.43	0.19	-0.3	-0.4	0.53	-0.8	0.02	0.09	-0.77	-0.39	-0.7
Cash And Short Term Investments	0.98	-0.7	0.73	-0.63	0.93	0.52	0.66	-0.93	-0.67	0.5	0.85	0.51	-0.84		0.36	0.82	0.33	0.72	0.78	-0.6	0.99	0.48	0.4	0.99	0.74	0.94
Net Receivables	0.5	-0.6	0.74	-0.47	0.61	0.98	0.57	-0.1	-0.92	0.98	-0.17	0.98	0.15	0.36		0.79	1.0	0.9	0.84	-0.42	0.42	0.99	0.96	0.47	0.76	0.58
Common Stock Shares Outstanding	0.92	-0.78	0.94	-0.65	0.92	0.88	0.76	-0.63	-0.94	0.86	0.41	0.87	-0.43	0.82	0.79		0.77	0.96	0.96	-0.61	0.87	0.86	0.85	0.89	0.95	0.91
Inventory	0.48	-0.58	0.72	-0.45	0.59	0.98	0.53	-0.07	-0.9	0.98	-0.21	0.98	0.19	0.33	1.0	0.77		0.88	0.82	-0.41	0.4	0.99	0.95	0.44	0.74	0.56
Other Current Assets	0.82	-0.79	0.9	-0.66	0.89	0.96	0.77	-0.52	-0.99	0.94	0.27	0.96	-0.3	0.72	0.9	0.96	0.88		0.99	-0.62	0.77	0.95	0.89	0.8	0.9	0.87
Other Stockholder Equity	0.86	-0.87	0.93	-0.77	0.94	0.93	0.83	-0.62	-0.98	0.91	0.36	0.92	-0.4	0.78	0.84	0.96	0.82	0.99		-0.74	0.81	0.91	0.84	0.84	0.93	0.93
Total Liab	-0.63	0.97	-0.77	1.0	-0.78	-0.53	-0.85	0.71	0.68	-0.5	-0.41	-0.52	0.53	-0.6	-0.42	-0.61	-0.41	-0.62	-0.74		-0.6	-0.52	-0.48	-0.62	-0.76	-0.78
Net Invested Capital	0.99	-0.71	0.78	-0.63	0.94	0.58	0.67	-0.9	-0.71	0.56	0.81	0.57	-0.8	0.99	0.42	0.87	0.4	0.77	0.81	-0.6		0.54	0.47	1.0	0.79	0.95
Property Plant And Equipment Gross	0.61	-0.69	0.81	-0.56	0.72	1.0	0.64	-0.24	-0.96	0.99	-0.04	1.0	0.02	0.48	0.99	0.86	0.99	0.95	0.91	-0.52	0.54		0.96	0.58	0.82	0.69
Short Long Term Debt	0.56	-0.65	0.84	-0.53	0.64	0.95	0.65	-0.16	-0.93	0.94	-0.13	0.95	0.09	0.4	0.96	0.85	0.95	0.89	0.84	-0.48	0.47	0.96		0.52	0.86	0.61
Total Current Assets	1.0	-0.74	0.82	-0.66	0.96	0.62	0.71	-0.89	-0.75	0.6	0.78	0.61	-0.77	0.99	0.47	0.89	0.44	0.8	0.84	-0.62	1.0	0.58	0.52		0.82	0.96
Capital Stock	0.85	-0.89	0.99	-0.8	0.89	0.84	0.85	-0.61	-0.93	0.82	0.34	0.83	-0.39	0.74	0.76	0.95	0.74	0.9	0.93	-0.76	0.79	0.82	0.86	0.82		0.88
Net Working Capital	0.96	-0.88	0.88	-0.81	1.0	0.73	0.81	-0.87	-0.85	0.7	0.67	0.71	-0.7	0.94	0.58	0.91	0.56	0.87	0.93	-0.78	0.95	0.69	0.61	0.96	0.88

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Wearable Gross Profit Margin vs Asset Turnover Analysis

Gross Profit Margin vs Asset Turnover

Gross Profit Margin vs Asset Turnover Correlation Analysis

Correlation Coefficient

Gross Profit Margin

Asset Turnover

Wearable Devices fundamental ratios Correlations

Wearable Devices Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Net Working Capital	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total

Other Current Assets	- 0.99	Retained Earnings
Non Currrent Assets Other	- 0.98	Cash
Other Stockholder Equity	- 0.98	Retained Earnings
Non Current Assets Total	- 0.97	Retained Earnings
Retained Earnings	- 0.97	Property Plant And Equipment Net
Property Plant And Equipment Gross	- 0.96	Retained Earnings