Socket Inventory vs Retained Earnings Analysis

SCKT Stock

USD 1.47 0.02 1.38%

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

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

Inventory vs Retained Earnings

Inventory vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Socket Mobile Inventory account and Retained Earnings. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Socket Mobile's Inventory and Retained Earnings is -0.04. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Socket Mobile, assuming nothing else is changed. The correlation between historical values of Socket Mobile's Inventory and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Socket Mobile are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Inventory i.e., Socket Mobile's Inventory and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.04

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Inventory

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

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

For more information on how to buy Socket Stock please use our How to Invest in Socket Mobile guide.Selling General Administrative is likely to drop to about 2.6 M in 2024. Tax Provision is likely to drop to about (726.6 K) in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	12.4M	10.4M	8.5M	8.6M
Total Revenue	23.2M	21.2M	17.0M	17.8M

Gross Profit Total Revenue

Socket Mobile 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	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	Non Currrent Assets Other	Property Plant And Equipment Gross	Current Deferred Revenue	Common Stock Total Equity	Common Stock
Total Assets		0.46	0.34	-0.23	0.6	0.63	-0.18	-0.08	-0.48	0.76	0.86	0.76	0.57	0.81	0.62	0.83	0.78	0.26	0.17	0.91	0.05	0.58	0.55	-0.45	0.18	0.54
Short Long Term Debt Total	0.46		0.34	0.27	0.39	0.95	0.66	0.02	-0.17	0.24	0.67	0.24	-0.1	0.12	0.86	0.77	0.41	0.28	0.02	0.4	0.83	0.25	0.94	-0.21	0.48	-0.09
Other Current Liab	0.34	0.34		0.34	0.32	0.36	0.08	0.16	0.01	0.27	0.37	0.27	0.23	0.08	0.11	0.34	0.28	0.01	0.0	0.31	0.06	0.19	0.38	0.03	0.18	-0.03
Total Current Liabilities	-0.23	0.27	0.34		-0.49	0.07	0.48	-0.53	0.81	-0.32	-0.09	-0.32	-0.25	-0.06	-0.05	-0.09	-0.39	-0.15	0.26	-0.29	0.4	-0.57	0.17	0.66	-0.29	-0.66
Total Stockholder Equity	0.6	0.39	0.32	-0.49		0.55	-0.14	0.4	-0.73	0.6	0.53	0.6	0.34	0.2	0.5	0.7	0.79	0.59	-0.48	0.69	0.15	0.83	0.49	-0.65	0.46	0.62
Property Plant And Equipment Net	0.63	0.95	0.36	0.07	0.55		0.49	0.06	-0.34	0.4	0.8	0.4	0.09	0.24	0.9	0.87	0.57	0.43	0.02	0.57	0.68	0.42	0.98	-0.28	0.57	0.05
Net Debt	-0.18	0.66	0.08	0.48	-0.14	0.49		-0.03	0.18	-0.57	0.15	-0.57	-0.4	-0.39	0.43	0.08	-0.2	0.12	0.15	-0.36	0.73	-0.15	0.53	0.2	0.14	-0.51
Retained Earnings	-0.08	0.02	0.16	-0.53	0.4	0.06	-0.03		-0.68	0.06	-0.1	0.06	-0.33	-0.5	-0.07	-0.04	0.05	-0.05	-0.24	-0.04	0.03	0.53	0.03	-0.48	0.24	0.08
Accounts Payable	-0.48	-0.17	0.01	0.81	-0.73	-0.34	0.18	-0.68		-0.43	-0.36	-0.43	-0.17	-0.1	-0.36	-0.41	-0.53	-0.3	0.21	-0.48	0.04	-0.71	-0.26	0.65	-0.31	-0.52
Cash	0.76	0.24	0.27	-0.32	0.6	0.4	-0.57	0.06	-0.43		0.52	1.0	0.39	0.67	0.39	0.74	0.73	0.13	-0.17	0.93	-0.04	0.46	0.33	-0.5	0.26	0.59
Non Current Assets Total	0.86	0.67	0.37	-0.09	0.53	0.8	0.15	-0.1	-0.36	0.52		0.52	0.5	0.58	0.69	0.84	0.59	0.39	0.28	0.7	0.33	0.56	0.79	-0.36	0.52	0.26
Cash And Short Term Investments	0.76	0.24	0.27	-0.32	0.6	0.4	-0.57	0.06	-0.43	1.0	0.52		0.39	0.67	0.39	0.74	0.73	0.13	-0.17	0.93	-0.04	0.46	0.33	-0.5	0.26	0.59
Net Receivables	0.57	-0.1	0.23	-0.25	0.34	0.09	-0.4	-0.33	-0.17	0.39	0.5	0.39		0.62	0.18	0.36	0.47	0.27	0.24	0.55	-0.47	0.26	0.03	0.02	0.17	0.48
Common Stock Shares Outstanding	0.81	0.12	0.08	-0.06	0.2	0.24	-0.39	-0.5	-0.1	0.67	0.58	0.67	0.62		0.36	0.58	0.55	0.01	0.25	0.78	-0.19	0.13	0.17	-0.19	-0.13	0.52
Non Current Liabilities Total	0.62	0.86	0.11	-0.05	0.5	0.9	0.43	-0.07	-0.36	0.39	0.69	0.39	0.18	0.36		0.84	0.69	0.33	-0.03	0.61	0.54	0.32	0.8	-0.31	0.41	0.26
Inventory	0.83	0.77	0.34	-0.09	0.7	0.87	0.08	-0.04	-0.41	0.74	0.84	0.74	0.36	0.58	0.84		0.78	0.39	-0.07	0.88	0.46	0.53	0.81	-0.46	0.5	0.41
Other Current Assets	0.78	0.41	0.28	-0.39	0.79	0.57	-0.2	0.05	-0.53	0.73	0.59	0.73	0.47	0.55	0.69	0.78		0.31	-0.35	0.86	-0.02	0.6	0.43	-0.6	0.26	0.79
Other Stockholder Equity	0.26	0.28	0.01	-0.15	0.59	0.43	0.12	-0.05	-0.3	0.13	0.39	0.13	0.27	0.01	0.33	0.39	0.31		-0.3	0.25	0.28	0.42	0.47	-0.14	0.41	0.14
Total Liab	0.17	0.02	0.0	0.26	-0.48	0.02	0.15	-0.24	0.21	-0.17	0.28	-0.17	0.24	0.25	-0.03	-0.07	-0.35	-0.3		-0.09	-0.04	-0.15	0.05	0.44	-0.16	-0.46
Total Current Assets	0.91	0.4	0.31	-0.29	0.69	0.57	-0.36	-0.04	-0.48	0.93	0.7	0.93	0.55	0.78	0.61	0.88	0.86	0.25	-0.09		0.02	0.53	0.47	-0.49	0.25	0.65
Short Term Debt	0.05	0.83	0.06	0.4	0.15	0.68	0.73	0.03	0.04	-0.04	0.33	-0.04	-0.47	-0.19	0.54	0.46	-0.02	0.28	-0.04	0.02		0.1	0.75	-0.1	0.38	-0.39
Non Currrent Assets Other	0.58	0.25	0.19	-0.57	0.83	0.42	-0.15	0.53	-0.71	0.46	0.56	0.46	0.26	0.13	0.32	0.53	0.6	0.42	-0.15	0.53	0.1		0.36	-0.74	0.4	0.52
Property Plant And Equipment Gross	0.55	0.94	0.38	0.17	0.49	0.98	0.53	0.03	-0.26	0.33	0.79	0.33	0.03	0.17	0.8	0.81	0.43	0.47	0.05	0.47	0.75	0.36		-0.2	0.6	-0.1
Current Deferred Revenue	-0.45	-0.21	0.03	0.66	-0.65	-0.28	0.2	-0.48	0.65	-0.5	-0.36	-0.5	0.02	-0.19	-0.31	-0.46	-0.6	-0.14	0.44	-0.49	-0.1	-0.74	-0.2		-0.36	-0.72
Common Stock Total Equity	0.18	0.48	0.18	-0.29	0.46	0.57	0.14	0.24	-0.31	0.26	0.52	0.26	0.17	-0.13	0.41	0.5	0.26	0.41	-0.16	0.25	0.38	0.4	0.6	-0.36		0.07
Common Stock	0.54	-0.09	-0.03	-0.66	0.62	0.05	-0.51	0.08	-0.52	0.59	0.26	0.59	0.48	0.52	0.26	0.41	0.79	0.14	-0.46	0.65	-0.39	0.52	-0.1	-0.72	0.07

Click cells to compare fundamentals

Socket Mobile Account Relationship Matchups

Socket Mobile fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	19.5M	15.1M	25.6M	28.6M	28.7M	17.1M
Short Long Term Debt Total	2.9M	2.2M	2.2M	5.2M	6.3M	6.6M
Other Current Liab	574.2K	(1.5M)	692.9K	742.0K	580.0K	609.0K
Total Current Liabilities	4.7M	2.2M	4.6M	4.4M	6.5M	5.7M
Total Stockholder Equity	13.2M	10.6M	20.0M	20.3M	19.4M	20.4M
Property Plant And Equipment Net	1.8M	1.5M	1.3M	5.2M	6.1M	6.4M
Net Debt	1.9M	61K	(3.9M)	1.6M	3.5M	3.6M
Retained Earnings	(47.8M)	(51.1M)	(46.1M)	(46.0M)	(47.9M)	(50.3M)
Accounts Payable	2.1M	1.4M	2.2M	1.7M	1.6M	2.6M
Cash	959K	2.1M	6.1M	3.6M	2.8M	2.2M
Non Current Assets Total	11.9M	7.1M	11.2M	15.8M	18.4M	19.3M
Cash And Short Term Investments	959K	2.1M	6.1M	3.6M	2.8M	2.2M
Net Receivables	2.8M	2.1M	2.6M	2.7M	1.7M	2.4M
Common Stock Shares Outstanding	6.2M	6.0M	8.9M	7.5M	7.2M	4.4M
Liabilities And Stockholders Equity	19.5M	15.1M	25.6M	28.6M	28.7M	30.2M
Non Current Liabilities Total	1.5M	2.2M	915K	3.9M	2.8M	3.0M
Inventory	3.2M	3.2M	5.2M	5.6M	5.5M	5.8M
Other Current Assets	312K	335K	395K	617K	317.0K	291.8K
Other Stockholder Equity	2.5M	63.7M	61.7M	(830K)	67.3M	70.7M
Total Liab	6.2M	4.4M	5.5M	8.3M	9.3M	7.2M
Total Current Assets	7.5M	7.9M	14.4M	12.8M	10.4M	8.0M
Short Term Debt	1.4M	1.9M	1.3M	1.4M	3.5M	3.6M
Non Currrent Assets Other	202K	159K	140K	250K	571.9K	600.5K
Property Plant And Equipment Gross	1.8M	847.7K	1.3M	5.2M	9.4M	9.9M
Current Deferred Revenue	611K	451K	407K	629K	845.6K	803.3K
Common Stock Total Equity	7.0K	5.9K	6.0K	6.1K	5.5K	10.6K
Common Stock	61.1M	61.7M	66.1M	67.2M	7.3K	7.0K
Other Assets	5.7M	6.3M	8.1M	8.9M	10.3M	10.8M
Long Term Debt	333K	1.4M	625K	125K	143.8K	235.4K
Property Plant Equipment	1.8M	1.5M	1.3M	5.2M	6.0M	6.3M
Other Liab	40.7K	28.8K	32K	34K	30.6K	29.1K
Retained Earnings Total Equity	(47.6M)	(48.1M)	(47.8M)	(51.1M)	(46.0M)	(48.3M)
Deferred Long Term Liab	25.6K	31.3K	40.7K	28.8K	25.9K	24.6K
Net Tangible Assets	8.8M	10.6M	18.2M	18.6M	21.4M	22.5M
Capital Surpluse	64.8M	60.5M	61.1M	61.7M	55.6M	49.6M
Non Current Liabilities Other	271.4K	205.9K	715.1K	258.1K	296.8K	360.7K
Accumulated Depreciation	(2.2M)	(2.5M)	(2.7M)	(2.9M)	(3.3M)	(3.4M)

Pair Trading with Socket Mobile

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Socket Mobile position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Socket Mobile will appreciate offsetting losses from the drop in the long position's value.

Moving against Socket Stock

0.69	MKFG	Markforged Holding Corp	Pair Corr
0.68	CDW	CDW Corp Sell-off Trend	Pair Corr
0.68	NTGR	NETGEAR	Pair Corr
0.53	INVE	Identiv	Pair Corr
0.51	KTCC	Key Tronic Fiscal Year End 20th of August 2024	Pair Corr

The ability to find closely correlated positions to Socket Mobile could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Socket Mobile when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Socket Mobile - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Socket Mobile to buy it.

The correlation of Socket Mobile is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Socket Mobile moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Socket Mobile moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Socket Mobile can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Socket Mobile is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Socket Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Socket Mobile Stock. Highlighted below are key reports to facilitate an investment decision about Socket Mobile Stock:

How To Invest In Socket

Details

Is Socket Stock a good investment?

Details

What is Socket Mobile's Net Worth?

Details

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Socket Mobile. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.

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

You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for Socket Stock analysis

When running Socket Mobile's price analysis, check to measure Socket Mobile's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Socket Mobile is operating at the current time. Most of Socket Mobile's value examination focuses on studying past and present price action to predict the probability of Socket Mobile's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Socket Mobile's price. Additionally, you may evaluate how the addition of Socket Mobile to your portfolios can decrease your overall portfolio volatility.

	Global Correlations Find global opportunities by holding instruments from different markets
	Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
	Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges
	Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
	Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets
	Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
	Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.

Is Socket Mobile's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Socket Mobile. If investors know Socket will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Socket Mobile listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.01)

Earnings Share

(0.22)

Revenue Per Share

2.42

Quarterly Revenue Growth

0.154

Return On Assets

(0.06)

The market value of Socket Mobile is measured differently than its book value, which is the value of Socket that is recorded on the company's balance sheet. Investors also form their own opinion of Socket Mobile's value that differs from its market value or its book value, called intrinsic value, which is Socket Mobile's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Socket Mobile's market value can be influenced by many factors that don't directly affect Socket Mobile's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Socket Mobile's value and its price as these two are different measures arrived at by different means. Investors typically determine if Socket Mobile is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Socket Mobile's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Socket Inventory vs Retained Earnings Analysis

Inventory vs Retained Earnings

Inventory vs Retained Earnings Correlation Analysis

Correlation Coefficient

Inventory

Retained Earnings

Socket Mobile fundamental ratios Correlations

Socket Mobile Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Socket Mobile fundamental ratios Accounts

Pair Trading with Socket Mobile

Moving against Socket Stock

Complementary Tools for Socket Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Gross	+ 0.98	Property Plant And Equipment Net
Property Plant And Equipment Net	+ 0.95	Short Long Term Debt Total
Property Plant And Equipment Gross	+ 0.94	Short Long Term Debt Total
Total Current Assets	+ 0.93	Cash
Total Current Assets	+ 0.93	Cash And Short Term Investments

Current Deferred Revenue	- 0.74	Non Currrent Assets Other
Accounts Payable	- 0.73	Total Stockholder Equity
Common Stock	- 0.72	Current Deferred Revenue
Non Currrent Assets Other	- 0.71	Accounts Payable
Accounts Payable	- 0.68	Retained Earnings
Common Stock	- 0.66	Total Current Liabilities