Worksport Current Deferred Revenue vs Property Plant Equipment Analysis
WKSP Stock | USD 0.53 0.02 3.64% |
Worksport financial indicator trend analysis is more than just analyzing Worksport current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Worksport is a good investment. Please check the relationship between Worksport Current Deferred Revenue and its Property Plant Equipment accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Worksport. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. To learn how to invest in Worksport Stock, please use our How to Invest in Worksport guide.
Current Deferred Revenue vs Property Plant Equipment
Current Deferred Revenue vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Worksport Current Deferred Revenue account and Property Plant Equipment. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Worksport's Current Deferred Revenue and Property Plant Equipment is -0.51. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Worksport, assuming nothing else is changed. The correlation between historical values of Worksport's Current Deferred Revenue and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Worksport are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Current Deferred Revenue i.e., Worksport's Current Deferred Revenue and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | -0.51 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Property Plant Equipment
Most indicators from Worksport's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Worksport 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 Worksport. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. To learn how to invest in Worksport Stock, please use our How to Invest in Worksport guide.At this time, Worksport's Selling General Administrative is relatively stable compared to the past year. As of 05/28/2024, Issuance Of Capital Stock is likely to grow to about 5.5 M, while Enterprise Value Over EBITDA is likely to drop (2.38).
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 219.6K | 912.3K | 1.1M | 1.2M | Cost Of Revenue | 350.7K | 57.0K | 1.3M | 1.4M |
Worksport fundamental ratios Correlations
Click cells to compare fundamentals
Worksport Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Worksport fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 481.3K | 1.9M | 36.3M | 32.8M | 26.0M | 27.3M | |
Short Long Term Debt Total | 357.7K | 712.8K | 857.1K | 6.6M | 6.2M | 6.6M | |
Other Current Liab | 36.8K | 48.2K | 112.2K | 2.1M | 85.0K | 80.8K | |
Total Current Liabilities | 1.3M | 1.7M | 1.8M | 2.5M | 7.2M | 7.5M | |
Total Stockholder Equity | (882.6K) | 169.5K | 34.2M | 24.1M | 18.2M | 19.1M | |
Net Debt | 345.7K | (395.0K) | (27.7M) | (7.6M) | 3.6M | 3.8M | |
Retained Earnings | (10.8M) | (12.9M) | (20.8M) | (33.4M) | (48.3M) | (45.9M) | |
Accounts Payable | 969.3K | 971.7K | 1.1M | 2.0M | 1.5M | 1.5M | |
Cash | 12.0K | 1.1M | 28.6M | 14.2M | 2.6M | 3.4M | |
Cash And Short Term Investments | 12.0K | 1.1M | 28.6M | 14.2M | 2.6M | 3.7M | |
Common Stock Shares Outstanding | 1.8M | 2.7M | 11.5M | 17.1M | 17.7M | 18.6M | |
Liabilities And Stockholders Equity | 481.3K | 1.9M | 36.3M | 32.8M | 26.0M | 27.3M | |
Non Current Liabilities Total | 39.2K | 14.6K | 317.0K | 6.2M | 608.8K | 586.8K | |
Other Stockholder Equity | 9.9M | 13.0M | 55.0M | 57.5M | 66.5M | 69.8M | |
Total Liab | 1.4M | 1.7M | 2.1M | 8.6M | 7.8M | 8.2M | |
Total Current Assets | 253.7K | 1.7M | 34.0M | 18.3M | 9.1M | 4.8M | |
Short Term Debt | 318.5K | 698.2K | 540.1K | 433.4K | 5.6M | 5.9M | |
Common Stock | 4.2K | 7.6K | 1.7K | 1.7K | 2.0K | 2.7K | |
Common Stock Total Equity | 12.2K | 2.5K | 4.2K | 7.6K | 8.8K | 9.2K | |
Non Current Assets Total | 227.6K | 217.4K | 2.3M | 14.4M | 16.8M | 17.7M | |
Net Receivables | 67.8K | 290.6K | 247.4K | 330.6K | 629.0K | 660.4K | |
Inventory | 113.2K | 40.8K | 501.8K | 1.3M | 3.6M | 3.8M | |
Other Current Assets | 60.7K | 245.5K | 4.7M | 2.3M | 2.2M | 2.3M | |
Intangible Assets | 57.1K | 62.9K | 593.1K | 1.3M | 1.3M | 1.4M | |
Property Plant And Equipment Net | 154.8K | 130.0K | 1.6M | 13.1M | 15.4M | 16.2M | |
Property Plant And Equipment Gross | 154.8K | 130.0K | 1.7M | 13.7M | 17.1M | 17.9M | |
Net Tangible Assets | (939.7K) | 106.5K | 33.6M | 22.8M | 26.3M | 27.6M | |
Short Long Term Debt | 296.5K | 674.3K | 327.1K | 46.1K | 5.3M | 5.6M | |
Property Plant Equipment | 154.8K | 130.0K | 1.6M | 12.5M | 14.4M | 15.1M | |
Net Invested Capital | (586.0K) | 843.8K | 34.5M | 29.5M | 23.5M | 13.9M | |
Net Working Capital | (1.1M) | (33.3K) | 32.2M | 15.9M | 2.0M | 1.9M | |
Capital Stock | 4.2K | 7.6K | 1.7K | 1.7K | 2.0K | 4.0K |
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Is Worksport'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 Worksport. If investors know Worksport 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 Worksport listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.84) | Revenue Per Share 0.086 | Quarterly Revenue Growth 20.488 | Return On Assets (0.31) | Return On Equity (0.71) |
The market value of Worksport is measured differently than its book value, which is the value of Worksport that is recorded on the company's balance sheet. Investors also form their own opinion of Worksport's value that differs from its market value or its book value, called intrinsic value, which is Worksport'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 Worksport's market value can be influenced by many factors that don't directly affect Worksport'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 Worksport's value and its price as these two are different measures arrived at by different means. Investors typically determine if Worksport is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Worksport'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.