Socket Tax Provision vs Selling And Marketing Expenses Analysis

SCKT Stock

USD 1.08 0.01 0.93%

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 Tax Provision and its Selling And Marketing Expenses 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.

Tax Provision vs Selling And Marketing Expenses

Tax Provision vs Selling And Marketing Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Socket Mobile Tax Provision account and Selling And Marketing Expenses. At this time, the significance of the direction appears to have no relationship.

The correlation between Socket Mobile's Tax Provision and Selling And Marketing Expenses is 0.07. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Selling And Marketing Expenses 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 Tax Provision and Selling And Marketing Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Socket Mobile are associated (or correlated) with its Selling And Marketing Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling And Marketing Expenses has no effect on the direction of Tax Provision i.e., Socket Mobile's Tax Provision and Selling And Marketing Expenses go up and down completely randomly.

Correlation Coefficient

0.07

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Selling And Marketing Expenses

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)

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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:

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Is Socket Stock a good investment?

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What is Socket Mobile's Net Worth?

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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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

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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.

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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

(0.27)

Revenue Per Share

2.356

Quarterly Revenue Growth

(0.15)

Return On Assets

(0.07)

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 Tax Provision vs Selling And Marketing Expenses Analysis

Tax Provision vs Selling And Marketing Expenses

Tax Provision vs Selling And Marketing Expenses Correlation Analysis

Correlation Coefficient

Tax Provision

Selling And Marketing Expenses

Socket Mobile fundamental ratios Correlations

Socket Mobile Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Socket Mobile fundamental ratios Accounts

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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