Sharplink Net Invested Capital vs Accounts Payable Analysis

SBET Stock

USD 1.01 0.09 8.18%

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

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

Net Invested Capital vs Accounts Payable

Net Invested Capital vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sharplink Gaming Net Invested Capital account and Accounts Payable. At this time, the significance of the direction appears to have weak relationship.

The correlation between Sharplink Gaming's Net Invested Capital and Accounts Payable is 0.31. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Sharplink Gaming, assuming nothing else is changed. The correlation between historical values of Sharplink Gaming's Net Invested Capital and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Sharplink Gaming are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Invested Capital i.e., Sharplink Gaming's Net Invested Capital and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.31

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Accounts Payable

An accounting item on the balance sheet that represents Sharplink Gaming obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Sharplink Gaming are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

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

For more information on how to buy Sharplink Stock please use our How to Invest in Sharplink Gaming guide.At this time, Sharplink Gaming's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 54.6 K in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	26.2M	137.5K	1.2M	1.6M
Depreciation And Amortization	299.2K	1.5M	1.7M	1.8M

Interest Expense Depreciation And Amortization

Sharplink Gaming fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	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	Short Term Investments	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Other Current Assets	Good Will
Total Assets		0.98	0.96	0.99	-0.07	0.98	-0.97	-0.82	0.51	0.99	0.47	0.98	0.99	-0.06	0.27	-0.09	0.56	0.99	0.89	0.99	0.99	0.98	0.59	0.89	0.54	0.62
Short Long Term Debt Total	0.98		0.95	1.0	-0.22	1.0	-0.96	-0.81	0.45	0.99	0.34	1.0	0.99	-0.16	0.27	-0.16	0.49	1.0	0.86	0.99	0.99	1.0	0.45	0.88	0.57	0.52
Other Current Liab	0.96	0.95		0.97	-0.19	0.95	-0.89	-0.89	0.61	0.93	0.49	0.95	0.93	0.03	0.41	-0.3	0.55	0.95	0.93	0.97	0.95	0.95	0.53	0.86	0.63	0.63
Total Current Liabilities	0.99	1.0	0.97		-0.22	1.0	-0.96	-0.82	0.51	0.99	0.38	1.0	0.98	-0.09	0.31	-0.18	0.52	1.0	0.87	1.0	0.99	1.0	0.47	0.88	0.58	0.56
Total Stockholder Equity	-0.07	-0.22	-0.19	-0.22		-0.21	0.04	0.09	-0.23	-0.1	0.33	-0.21	-0.08	-0.01	-0.38	0.61	-0.16	-0.18	0.04	-0.22	-0.12	-0.22	0.54	0.01	-0.33	0.1
Current Deferred Revenue	0.98	1.0	0.95	1.0	-0.21		-0.96	-0.81	0.46	0.99	0.35	1.0	0.99	-0.15	0.27	-0.16	0.49	1.0	0.86	0.99	0.99	1.0	0.46	0.88	0.57	0.53
Net Debt	-0.97	-0.96	-0.89	-0.96	0.04	-0.96		0.79	-0.37	-0.98	-0.43	-0.96	-0.98	0.2	-0.18	0.01	-0.44	-0.97	-0.84	-0.95	-0.97	-0.96	-0.54	-0.87	-0.46	-0.57
Retained Earnings	-0.82	-0.81	-0.89	-0.82	0.09	-0.81	0.79		-0.45	-0.79	-0.56	-0.81	-0.79	0.1	-0.39	0.38	-0.35	-0.83	-0.97	-0.82	-0.8	-0.81	-0.61	-0.87	-0.61	-0.56
Accounts Payable	0.51	0.45	0.61	0.51	-0.23	0.46	-0.37	-0.45		0.41	0.49	0.45	0.41	0.79	0.54	-0.2	0.66	0.45	0.45	0.54	0.48	0.46	0.37	0.36	0.38	0.59
Cash	0.99	0.99	0.93	0.99	-0.1	0.99	-0.98	-0.79	0.41		0.37	0.99	1.0	-0.18	0.2	-0.07	0.46	0.99	0.86	0.98	1.0	0.99	0.51	0.89	0.52	0.53
Non Current Assets Total	0.47	0.34	0.49	0.38	0.33	0.35	-0.43	-0.56	0.49	0.37		0.34	0.37	0.3	0.32	-0.07	0.65	0.36	0.54	0.41	0.39	0.34	0.84	0.42	0.13	0.9
Non Currrent Assets Other	0.98	1.0	0.95	1.0	-0.21	1.0	-0.96	-0.81	0.45	0.99	0.34		0.99	-0.16	0.27	-0.15	0.49	1.0	0.86	0.99	0.99	1.0	0.46	0.88	0.57	0.52
Cash And Short Term Investments	0.99	0.99	0.93	0.98	-0.08	0.99	-0.98	-0.79	0.41	1.0	0.37	0.99		-0.18	0.19	-0.05	0.46	0.99	0.86	0.98	1.0	0.99	0.51	0.89	0.51	0.53
Net Receivables	-0.06	-0.16	0.03	-0.09	-0.01	-0.15	0.2	0.1	0.79	-0.18	0.3	-0.16	-0.18		0.35	0.04	0.42	-0.16	-0.11	-0.06	-0.11	-0.15	0.12	-0.21	-0.01	0.31
Common Stock Shares Outstanding	0.27	0.27	0.41	0.31	-0.38	0.27	-0.18	-0.39	0.54	0.2	0.32	0.27	0.19	0.35		-0.32	0.3	0.26	0.32	0.32	0.25	0.27	0.01	0.13	0.74	0.47
Short Term Investments	-0.09	-0.16	-0.3	-0.18	0.61	-0.16	0.01	0.38	-0.2	-0.07	-0.07	-0.15	-0.05	0.04	-0.32		-0.19	-0.15	-0.25	-0.18	-0.08	-0.16	0.07	-0.2	-0.19	-0.03
Non Current Liabilities Total	0.56	0.49	0.55	0.52	-0.16	0.49	-0.44	-0.35	0.66	0.46	0.65	0.49	0.46	0.42	0.3	-0.19		0.48	0.38	0.57	0.5	0.49	0.54	0.37	0.2	0.74
Inventory	0.99	1.0	0.95	1.0	-0.18	1.0	-0.97	-0.83	0.45	0.99	0.36	1.0	0.99	-0.16	0.26	-0.15	0.48		0.88	0.99	1.0	1.0	0.49	0.9	0.57	0.52
Other Stockholder Equity	0.89	0.86	0.93	0.87	0.04	0.86	-0.84	-0.97	0.45	0.86	0.54	0.86	0.86	-0.11	0.32	-0.25	0.38	0.88		0.86	0.87	0.86	0.67	0.91	0.6	0.57
Total Liab	0.99	0.99	0.97	1.0	-0.22	0.99	-0.95	-0.82	0.54	0.98	0.41	0.99	0.98	-0.06	0.32	-0.18	0.57	0.99	0.86		0.99	0.99	0.49	0.87	0.58	0.59
Total Current Assets	0.99	0.99	0.95	0.99	-0.12	0.99	-0.97	-0.8	0.48	1.0	0.39	0.99	1.0	-0.11	0.25	-0.08	0.5	1.0	0.87	0.99		0.99	0.51	0.89	0.55	0.56
Short Term Debt	0.98	1.0	0.95	1.0	-0.22	1.0	-0.96	-0.81	0.46	0.99	0.34	1.0	0.99	-0.15	0.27	-0.16	0.49	1.0	0.86	0.99	0.99		0.45	0.88	0.58	0.52
Intangible Assets	0.59	0.45	0.53	0.47	0.54	0.46	-0.54	-0.61	0.37	0.51	0.84	0.46	0.51	0.12	0.01	0.07	0.54	0.49	0.67	0.49	0.51	0.45		0.67	0.06	0.65
Common Stock	0.89	0.88	0.86	0.88	0.01	0.88	-0.87	-0.87	0.36	0.89	0.42	0.88	0.89	-0.21	0.13	-0.2	0.37	0.9	0.91	0.87	0.89	0.88	0.67		0.44	0.4
Other Current Assets	0.54	0.57	0.63	0.58	-0.33	0.57	-0.46	-0.61	0.38	0.52	0.13	0.57	0.51	-0.01	0.74	-0.19	0.2	0.57	0.6	0.58	0.55	0.58	0.06	0.44		0.34
Good Will	0.62	0.52	0.63	0.56	0.1	0.53	-0.57	-0.56	0.59	0.53	0.9	0.52	0.53	0.31	0.47	-0.03	0.74	0.52	0.57	0.59	0.56	0.52	0.65	0.4	0.34

Click cells to compare fundamentals

Sharplink Gaming Account Relationship Matchups

Sharplink Gaming fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.0M	4.4M	20.6M	65.0M	74.8M	78.5M
Other Current Liab	2.7M	1.1M	3.8M	7.3M	8.4M	8.8M
Total Current Liabilities	3.9M	1.5M	5.9M	58.9M	67.7M	71.1M
Total Stockholder Equity	3.1M	1.4M	14.2M	3.0M	2.7M	4.7M
Current Deferred Revenue	962K	406.5K	1.2M	44.3M	51.0M	53.5M
Net Debt	(3.0M)	(2.4M)	(6.6M)	(31.0M)	(27.9M)	(26.5M)
Retained Earnings	(27.5M)	(2.7M)	(58.3M)	(73.6M)	(66.2M)	(62.9M)
Accounts Payable	149K	114K	813.6K	2.1M	2.4M	2.6M
Cash	3.2M	2.6M	6.8M	39.3M	45.2M	47.5M
Non Current Assets Total	3.9M	1.2M	11.1M	11.1M	10.0M	5.1M
Non Currrent Assets Other	3.1M	(1.2M)	284K	260.2B	299.3B	314.2B
Cash And Short Term Investments	3.2M	2.6M	6.8M	39.3M	45.2M	47.5M
Net Receivables	526K	631.2K	1.2M	1.0M	938.4K	1.4M
Common Stock Shares Outstanding	250.7K	537.3K	1.4M	2.5M	2.9M	1.7M
Liabilities And Stockholders Equity	8.0M	4.4M	20.6M	65.0M	74.8M	78.5M
Non Current Liabilities Total	994.0K	1.5M	507.8K	3.1M	3.6M	3.8M
Other Stockholder Equity	31.2M	2.5M	72.1M	76.0M	87.4M	91.8M
Total Liab	4.9M	3.1M	6.4M	62.1M	71.4M	74.9M
Total Current Assets	4.1M	3.2M	9.5M	53.9M	62.0M	65.1M
Accumulated Other Comprehensive Income	(631K)	(5.3K)	0.0	1.0	1.15	1.21
Intangible Assets	429.1K	608.6K	6.0M	3.7M	3.4M	3.5M
Common Stock	30K	215.0K	447.3K	537.7K	618.4K	649.3K
Other Current Assets	381.0K	4.6K	466.6K	1.1M	1.3M	1.3M
Good Will	3.2M	381K	4.4M	6.9M	8.0M	4.2M
Property Plant And Equipment Net	62K	210.3K	237.6K	290.9K	334.5K	177.3K

Pair Trading with Sharplink Gaming

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 Sharplink Gaming 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 Sharplink Gaming will appreciate offsetting losses from the drop in the long position's value.

Moving together with Sharplink Stock

0.72	EXPE	Expedia Group	Pair Corr
0.7	WYNN	Wynn Resorts Limited	Pair Corr

Moving against Sharplink Stock

0.74	WING	Wingstop	Pair Corr
0.57	RCL	Royal Caribbean Cruises Earnings Call This Week	Pair Corr
0.43	AGS	PlayAGS	Pair Corr

The ability to find closely correlated positions to Sharplink Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sharplink Gaming 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 Sharplink Gaming - 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 Sharplink Gaming to buy it.

The correlation of Sharplink Gaming 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 Sharplink Gaming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sharplink Gaming 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 Sharplink Gaming 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 Sharplink Gaming 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 Sharplink 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 Sharplink Gaming Stock. Highlighted below are key reports to facilitate an investment decision about Sharplink Gaming Stock:

How To Invest In Sharplink

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Is Sharplink Stock a good investment?

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What is Sharplink Gaming'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 Sharplink Gaming. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

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

Note that the Sharplink Gaming information on this page should be used as a complementary analysis to other Sharplink Gaming's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

Complementary Tools for Sharplink Stock analysis

When running Sharplink Gaming's price analysis, check to measure Sharplink Gaming'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 Sharplink Gaming is operating at the current time. Most of Sharplink Gaming's value examination focuses on studying past and present price action to predict the probability of Sharplink Gaming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sharplink Gaming's price. Additionally, you may evaluate how the addition of Sharplink Gaming to your portfolios can decrease your overall portfolio volatility.

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Is Sharplink Gaming'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 Sharplink Gaming. If investors know Sharplink 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 Sharplink Gaming listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(3.90)

Revenue Per Share

4.43

Quarterly Revenue Growth

(0.71)

Return On Assets

(0.17)

Return On Equity

(7.60)

The market value of Sharplink Gaming is measured differently than its book value, which is the value of Sharplink that is recorded on the company's balance sheet. Investors also form their own opinion of Sharplink Gaming's value that differs from its market value or its book value, called intrinsic value, which is Sharplink Gaming'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 Sharplink Gaming's market value can be influenced by many factors that don't directly affect Sharplink Gaming'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 Sharplink Gaming's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sharplink Gaming is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sharplink Gaming'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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Sharplink Net Invested Capital vs Accounts Payable Analysis

Net Invested Capital vs Accounts Payable

Net Invested Capital vs Accounts Payable Correlation Analysis

Correlation Coefficient

Net Invested Capital

Accounts Payable

Sharplink Gaming fundamental ratios Correlations

Sharplink Gaming Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sharplink Gaming fundamental ratios Accounts

Pair Trading with Sharplink Gaming

Moving together with Sharplink Stock

Moving against Sharplink Stock

Complementary Tools for Sharplink Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Liabilities	+ 1.0	Short Long Term Debt Total
Current Deferred Revenue	+ 1.0	Short Long Term Debt Total
Non Currrent Assets Other	+ 1.0	Short Long Term Debt Total
Inventory	+ 1.0	Short Long Term Debt Total
Short Term Debt	+ 1.0	Short Long Term Debt Total
Current Deferred Revenue	+ 1.0	Total Current Liabilities

Cash And Short Term Investments	- 0.98	Net Debt
Cash	- 0.98	Net Debt
Other Stockholder Equity	- 0.97	Retained Earnings
Total Current Assets	- 0.97	Net Debt
Inventory	- 0.97	Net Debt
Net Debt	- 0.97	Total Assets