Worksport Net Receivables vs Common Stock 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 Net Receivables and its Common Stock 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.

Net Receivables vs Common Stock

Net Receivables vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Worksport Net Receivables account and Common Stock. At this time, the significance of the direction appears to have no relationship.

The correlation between Worksport's Net Receivables and Common Stock is 0.09. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Common Stock in the same time period over historical financial statements of Worksport, assuming nothing else is changed. The correlation between historical values of Worksport's Net Receivables and Common Stock 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 Receivables of Worksport are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Receivables i.e., Worksport's Net Receivables and Common Stock go up and down completely randomly.

Correlation Coefficient

0.09

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Net Receivables

Common Stock

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 05/29/2024, 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

Depreciation And Amortization Cost Of Revenue

Worksport 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	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Common Stock Total Equity	Non Current Assets Total	Net Receivables	Inventory	Other Current Assets	Intangible Assets	Property Plant And Equipment Net	Property Plant And Equipment Gross
Total Assets		0.79	0.4	0.68	0.99	-0.63	-0.56	-0.84	0.85	0.8	0.81	0.87	0.55	0.96	0.82	0.86	0.57	-0.18	0.51	0.79	0.77	0.69	0.96	0.89	0.78	0.77
Short Long Term Debt Total	0.79		0.47	0.87	0.69	-0.55	0.05	-0.95	0.86	0.29	0.29	0.89	0.63	0.89	0.99	0.39	0.79	-0.11	0.5	0.99	0.89	0.9	0.59	0.98	0.99	0.99
Other Current Liab	0.4	0.47		0.08	0.34	-0.18	-0.18	-0.26	0.51	0.33	0.33	0.46	0.89	0.29	0.51	0.34	-0.11	0.13	0.4	0.37	0.15	0.08	0.23	0.39	0.37	0.35
Total Current Liabilities	0.68	0.87	0.08		0.59	-0.55	0.13	-0.94	0.74	0.17	0.18	0.84	0.18	0.85	0.87	0.28	0.97	0.05	0.59	0.91	0.97	0.97	0.57	0.88	0.9	0.91
Total Stockholder Equity	0.99	0.69	0.34	0.59		-0.6	-0.67	-0.76	0.78	0.88	0.88	0.8	0.49	0.91	0.71	0.92	0.48	-0.22	0.46	0.69	0.68	0.6	0.99	0.81	0.68	0.67
Current Deferred Revenue	-0.63	-0.55	-0.18	-0.55	-0.6		0.31	0.68	-0.82	-0.48	-0.48	-0.56	-0.38	-0.69	-0.6	-0.53	-0.42	-0.11	-0.42	-0.51	-0.61	-0.46	-0.59	-0.58	-0.5	-0.5
Net Debt	-0.56	0.05	-0.18	0.13	-0.67	0.31		0.06	-0.27	-0.94	-0.94	-0.21	-0.21	-0.32	-0.01	-0.89	0.24	0.13	-0.15	0.07	0.01	0.17	-0.73	-0.13	0.09	0.1
Retained Earnings	-0.84	-0.95	-0.26	-0.94	-0.76	0.68	0.06		-0.87	-0.38	-0.38	-0.9	-0.43	-0.96	-0.95	-0.48	-0.88	0.06	-0.56	-0.96	-0.96	-0.94	-0.71	-0.97	-0.96	-0.96
Accounts Payable	0.85	0.86	0.51	0.74	0.78	-0.82	-0.27	-0.87		0.54	0.55	0.85	0.64	0.88	0.9	0.62	0.58	0.11	0.63	0.82	0.81	0.69	0.72	0.87	0.81	0.8
Cash	0.8	0.29	0.33	0.17	0.88	-0.48	-0.94	-0.38	0.54		1.0	0.5	0.4	0.61	0.34	0.99	0.04	-0.16	0.32	0.27	0.3	0.15	0.9	0.45	0.25	0.24
Cash And Short Term Investments	0.81	0.29	0.33	0.18	0.88	-0.48	-0.94	-0.38	0.55	1.0		0.5	0.4	0.62	0.35	0.99	0.04	-0.16	0.32	0.28	0.3	0.16	0.9	0.46	0.26	0.25
Common Stock Shares Outstanding	0.87	0.89	0.46	0.84	0.8	-0.56	-0.21	-0.9	0.85	0.5	0.5		0.51	0.9	0.91	0.58	0.73	0.02	0.6	0.88	0.86	0.82	0.75	0.92	0.88	0.88
Non Current Liabilities Total	0.55	0.63	0.89	0.18	0.49	-0.38	-0.21	-0.43	0.64	0.4	0.4	0.51		0.47	0.64	0.43	0.02	-0.16	0.21	0.54	0.28	0.24	0.35	0.56	0.53	0.51
Other Stockholder Equity	0.96	0.89	0.29	0.85	0.91	-0.69	-0.32	-0.96	0.88	0.61	0.62	0.9	0.47		0.91	0.7	0.77	-0.15	0.54	0.91	0.9	0.86	0.87	0.97	0.9	0.9
Total Liab	0.82	0.99	0.51	0.87	0.71	-0.6	-0.01	-0.95	0.9	0.34	0.35	0.91	0.64	0.91		0.44	0.77	-0.02	0.58	0.98	0.9	0.88	0.63	0.97	0.97	0.97
Total Current Assets	0.86	0.39	0.34	0.28	0.92	-0.53	-0.89	-0.48	0.62	0.99	0.99	0.58	0.43	0.7	0.44		0.15	-0.17	0.37	0.38	0.4	0.26	0.94	0.55	0.36	0.35
Short Term Debt	0.57	0.79	-0.11	0.97	0.48	-0.42	0.24	-0.88	0.58	0.04	0.04	0.73	0.02	0.77	0.77	0.15		-0.05	0.45	0.85	0.92	0.97	0.47	0.81	0.85	0.87
Common Stock	-0.18	-0.11	0.13	0.05	-0.22	-0.11	0.13	0.06	0.11	-0.16	-0.16	0.02	-0.16	-0.15	-0.02	-0.17	-0.05		0.68	-0.14	0.09	-0.12	-0.17	-0.16	-0.14	-0.14
Common Stock Total Equity	0.51	0.5	0.4	0.59	0.46	-0.42	-0.15	-0.56	0.63	0.32	0.32	0.6	0.21	0.54	0.58	0.37	0.45	0.68		0.48	0.63	0.46	0.47	0.52	0.48	0.48
Non Current Assets Total	0.79	0.99	0.37	0.91	0.69	-0.51	0.07	-0.96	0.82	0.27	0.28	0.88	0.54	0.91	0.98	0.38	0.85	-0.14	0.48		0.91	0.95	0.61	0.98	1.0	1.0
Net Receivables	0.77	0.89	0.15	0.97	0.68	-0.61	0.01	-0.96	0.81	0.3	0.3	0.86	0.28	0.9	0.9	0.4	0.92	0.09	0.63	0.91		0.94	0.66	0.91	0.91	0.92
Inventory	0.69	0.9	0.08	0.97	0.6	-0.46	0.17	-0.94	0.69	0.15	0.16	0.82	0.24	0.86	0.88	0.26	0.97	-0.12	0.46	0.95	0.94		0.56	0.91	0.95	0.96
Other Current Assets	0.96	0.59	0.23	0.57	0.99	-0.59	-0.73	-0.71	0.72	0.9	0.9	0.75	0.35	0.87	0.63	0.94	0.47	-0.17	0.47	0.61	0.66	0.56		0.75	0.59	0.59
Intangible Assets	0.89	0.98	0.39	0.88	0.81	-0.58	-0.13	-0.97	0.87	0.45	0.46	0.92	0.56	0.97	0.97	0.55	0.81	-0.16	0.52	0.98	0.91	0.91	0.75		0.98	0.97
Property Plant And Equipment Net	0.78	0.99	0.37	0.9	0.68	-0.5	0.09	-0.96	0.81	0.25	0.26	0.88	0.53	0.9	0.97	0.36	0.85	-0.14	0.48	1.0	0.91	0.95	0.59	0.98		1.0
Property Plant And Equipment Gross	0.77	0.99	0.35	0.91	0.67	-0.5	0.1	-0.96	0.8	0.24	0.25	0.88	0.51	0.9	0.97	0.35	0.87	-0.14	0.48	1.0	0.92	0.96	0.59	0.97	1.0

Click cells to compare fundamentals

Worksport Account Relationship Matchups

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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When determining whether Worksport 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 Worksport 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 Worksport Stock. Highlighted below are key reports to facilitate an investment decision about Worksport Stock:

How To Invest In Worksport

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Is Worksport Stock a good investment?

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What is Worksport's Net Worth?

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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.

You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

Complementary Tools for Worksport Stock analysis

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

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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.

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Worksport Net Receivables vs Common Stock Analysis

Net Receivables vs Common Stock

Net Receivables vs Common Stock Correlation Analysis

Correlation Coefficient

Net Receivables

Common Stock

Worksport fundamental ratios Correlations

Worksport Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Worksport fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Worksport Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 1.0	Non Current Assets Total
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.99	Total Assets
Total Liab	+ 0.99	Short Long Term Debt Total

Intangible Assets	- 0.97	Retained Earnings
Property Plant And Equipment Gross	- 0.96	Retained Earnings
Property Plant And Equipment Net	- 0.96	Retained Earnings
Net Receivables	- 0.96	Retained Earnings
Non Current Assets Total	- 0.96	Retained Earnings
Other Stockholder Equity	- 0.96	Retained Earnings