Glaukos Total Current Assets vs Net Tangible Assets Analysis

GKOS Stock

USD 113.91 0.05 0.04%

Glaukos Corp financial indicator trend analysis is much more than just examining Glaukos Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Glaukos Corp is a good investment. Please check the relationship between Glaukos Corp Total Current Assets and its Net Tangible Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Glaukos Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

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

Total Current Assets vs Net Tangible Assets

Total Current Assets vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Glaukos Corp Total Current Assets account and Net Tangible Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Glaukos Corp's Total Current Assets and Net Tangible Assets is 0.82. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Glaukos Corp, assuming nothing else is changed. The correlation between historical values of Glaukos Corp's Total Current Assets and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Glaukos Corp are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Total Current Assets i.e., Glaukos Corp's Total Current Assets and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

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Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from Glaukos Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Glaukos Corp 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Glaukos Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy Glaukos Stock please use our How to Invest in Glaukos Corp guide.Tax Provision is likely to gain to about 980.7 K in 2024, whereas Selling General Administrative is likely to drop slightly above 133.6 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	227.4M	213.9M	239.1M	151.6M
Total Revenue	294.0M	282.9M	314.7M	194.7M

Gross Profit Total Revenue

Glaukos Corp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross
Total Assets		0.91	0.97	0.95	0.95	0.93	0.89	0.8	-0.73	0.71	0.98	0.99	-0.58	0.68	0.88	0.95	0.96	0.84	0.9	0.92	0.68	0.8	0.9	0.96	0.74	0.72
Short Long Term Debt Total	0.91		0.89	0.89	0.78	0.87	0.9	0.92	-0.86	0.82	0.94	0.86	-0.8	0.55	0.86	0.93	0.84	0.77	0.88	0.9	0.8	0.71	0.93	0.87	0.84	0.73
Other Current Liab	0.97	0.89		0.99	0.95	0.91	0.89	0.76	-0.76	0.79	0.95	0.95	-0.6	0.56	0.9	0.91	0.99	0.9	0.94	0.88	0.6	0.87	0.9	0.98	0.68	0.75
Total Current Liabilities	0.95	0.89	0.99		0.91	0.9	0.9	0.78	-0.79	0.84	0.95	0.93	-0.64	0.51	0.89	0.9	0.96	0.89	0.9	0.86	0.61	0.88	0.9	0.96	0.69	0.76
Total Stockholder Equity	0.95	0.78	0.95	0.91		0.86	0.79	0.64	-0.62	0.6	0.91	0.92	-0.4	0.68	0.81	0.92	0.97	0.91	0.87	0.9	0.45	0.8	0.81	0.97	0.53	0.66
Other Liab	0.93	0.87	0.91	0.9	0.86		0.97	0.9	-0.87	0.71	0.91	0.93	-0.64	0.62	0.94	0.86	0.9	0.76	0.86	0.82	0.8	0.9	0.97	0.88	0.86	0.91
Property Plant And Equipment Net	0.89	0.9	0.89	0.9	0.79	0.97		0.94	-0.93	0.8	0.89	0.88	-0.79	0.47	0.94	0.83	0.85	0.75	0.85	0.79	0.83	0.91	0.99	0.85	0.89	0.91
Net Debt	0.8	0.92	0.76	0.78	0.64	0.9	0.94		-0.93	0.72	0.83	0.78	-0.86	0.47	0.86	0.8	0.7	0.6	0.75	0.77	0.94	0.73	0.95	0.73	0.96	0.84
Retained Earnings	-0.73	-0.86	-0.76	-0.79	-0.62	-0.87	-0.93	-0.93		-0.81	-0.77	-0.69	0.8	-0.37	-0.85	-0.72	-0.72	-0.69	-0.74	-0.69	-0.8	-0.82	-0.94	-0.74	-0.85	-0.93
Accounts Payable	0.71	0.82	0.79	0.84	0.6	0.71	0.8	0.72	-0.81		0.79	0.69	-0.74	0.19	0.77	0.67	0.73	0.7	0.74	0.6	0.61	0.77	0.78	0.74	0.67	0.68
Cash	0.98	0.94	0.95	0.95	0.91	0.91	0.89	0.83	-0.77	0.79		0.95	-0.65	0.65	0.88	0.96	0.92	0.83	0.88	0.93	0.71	0.78	0.91	0.94	0.76	0.7
Non Current Assets Total	0.99	0.86	0.95	0.93	0.92	0.93	0.88	0.78	-0.69	0.69	0.95		-0.55	0.64	0.85	0.89	0.94	0.77	0.87	0.85	0.69	0.82	0.86	0.92	0.75	0.73
Non Currrent Assets Other	-0.58	-0.8	-0.6	-0.64	-0.4	-0.64	-0.79	-0.86	0.8	-0.74	-0.65	-0.55		0.0	-0.69	-0.59	-0.48	-0.46	-0.57	-0.55	-0.8	-0.59	-0.76	-0.52	-0.81	-0.61
Other Assets	0.68	0.55	0.56	0.51	0.68	0.62	0.47	0.47	-0.37	0.19	0.65	0.64	0.0		0.5	0.72	0.63	0.51	0.57	0.74	0.41	0.33	0.55	0.63	0.43	0.44
Long Term Debt	0.88	0.86	0.9	0.89	0.81	0.94	0.94	0.86	-0.85	0.77	0.88	0.85	-0.69	0.5		0.84	0.86	0.76	0.86	0.8	0.74	0.88	0.94	0.86	0.8	0.84
Cash And Short Term Investments	0.95	0.93	0.91	0.9	0.92	0.86	0.83	0.8	-0.72	0.67	0.96	0.89	-0.59	0.72	0.84		0.9	0.87	0.88	0.99	0.62	0.68	0.88	0.94	0.68	0.65
Net Receivables	0.96	0.84	0.99	0.96	0.97	0.9	0.85	0.7	-0.72	0.73	0.92	0.94	-0.48	0.63	0.86	0.9		0.92	0.94	0.88	0.52	0.87	0.87	0.99	0.6	0.75
Common Stock Total Equity	0.84	0.77	0.9	0.89	0.91	0.76	0.75	0.6	-0.69	0.7	0.83	0.77	-0.46	0.51	0.76	0.87	0.92		0.85	0.86	0.32	0.77	0.79	0.95	0.41	0.66
Common Stock Shares Outstanding	0.9	0.88	0.94	0.9	0.87	0.86	0.85	0.75	-0.74	0.74	0.88	0.87	-0.57	0.57	0.86	0.88	0.94	0.85		0.87	0.59	0.81	0.88	0.93	0.66	0.73
Short Term Investments	0.92	0.9	0.88	0.86	0.9	0.82	0.79	0.77	-0.69	0.6	0.93	0.85	-0.55	0.74	0.8	0.99	0.88	0.86	0.87		0.58	0.63	0.85	0.92	0.64	0.61
Non Current Liabilities Total	0.68	0.8	0.6	0.61	0.45	0.8	0.83	0.94	-0.8	0.61	0.71	0.69	-0.8	0.41	0.74	0.62	0.52	0.32	0.59	0.58		0.59	0.81	0.52	0.99	0.73
Inventory	0.8	0.71	0.87	0.88	0.8	0.9	0.91	0.73	-0.82	0.77	0.78	0.82	-0.59	0.33	0.88	0.68	0.87	0.77	0.81	0.63	0.59		0.87	0.83	0.67	0.89
Other Current Assets	0.9	0.93	0.9	0.9	0.81	0.97	0.99	0.95	-0.94	0.78	0.91	0.86	-0.76	0.55	0.94	0.88	0.87	0.79	0.88	0.85	0.81	0.87		0.88	0.87	0.9
Other Stockholder Equity	0.96	0.87	0.98	0.96	0.97	0.88	0.85	0.73	-0.74	0.74	0.94	0.92	-0.52	0.63	0.86	0.94	0.99	0.95	0.93	0.92	0.52	0.83	0.88		0.6	0.73
Total Liab	0.74	0.84	0.68	0.69	0.53	0.86	0.89	0.96	-0.85	0.67	0.76	0.75	-0.81	0.43	0.8	0.68	0.6	0.41	0.66	0.64	0.99	0.67	0.87	0.6		0.79
Property Plant And Equipment Gross	0.72	0.73	0.75	0.76	0.66	0.91	0.91	0.84	-0.93	0.68	0.7	0.73	-0.61	0.44	0.84	0.65	0.75	0.66	0.73	0.61	0.73	0.89	0.9	0.73	0.79

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Glaukos Corp Account Relationship Matchups

Glaukos Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	818.4M	1.0B	1.0B	1.0B	940.4M	549.7M
Other Current Liab	51.9M	45.3M	56.0M	58.0M	60.6M	34.7M
Total Current Liabilities	57.7M	49.7M	63.4M	72.4M	74.0M	43.7M
Total Stockholder Equity	673.3M	667.4M	587.2M	530.0M	461.8M	315.2M
Other Liab	14.8M	17.5M	16.8M	17.5M	20.2M	21.2M
Property Plant And Equipment Net	91.8M	95.5M	146.1M	166.8M	174.5M	183.3M
Net Debt	10.2M	174.2M	281.7M	263.0M	290.3M	304.8M
Retained Earnings	(189.7M)	(310.1M)	(365.2M)	(464.4M)	(599.1M)	(569.1M)
Accounts Payable	5.8M	4.4M	7.3M	14.4M	13.4M	7.1M
Cash	62.4M	96.6M	100.7M	119.5M	93.5M	56.4M
Non Current Assets Total	555.5M	536.1M	563.6M	558.5M	545.0M	286.7M
Non Currrent Assets Other	15.0M	16.8M	(70.0M)	(61.2M)	(51.1M)	(48.5M)
Other Assets	15.0M	88.2M	18.5M	17.7M	20.3M	16.8M
Cash And Short Term Investments	174.0M	404.4M	414.1M	352.7M	295.4M	209.6M
Net Receivables	38.4M	36.1M	33.4M	36.1M	39.9M	24.9M
Common Stock Total Equity	44K	45K	47K	48K	55.2K	36.5K
Common Stock Shares Outstanding	41.1M	44.5M	46.4M	47.4M	48.4M	40.1M
Short Term Investments	111.6M	307.8M	313.3M	233.2M	202.0M	153.2M
Liabilities And Stockholders Equity	818.4M	1.0B	1.0B	1.0B	940.4M	549.7M
Non Current Liabilities Total	87.4M	288.4M	399.2M	400.0M	404.6M	424.9M
Inventory	42.6M	15.8M	23.0M	37.8M	42.0M	44.1M
Other Current Assets	7.9M	13.2M	15.6M	17.3M	18.2M	19.1M
Other Stockholder Equity	861.6M	976.5M	952.3M	997.3M	1.1B	574.1M
Total Liab	145.1M	338.1M	462.5M	472.4M	478.6M	502.6M
Property Plant And Equipment Gross	91.8M	95.5M	69.0M	94.4M	209.0M	219.5M
Total Current Assets	262.9M	469.4M	486.1M	443.9M	395.5M	263.0M
Accumulated Other Comprehensive Income	1.3M	1.0M	15K	(3.0M)	1.2M	1.2M
Common Stock	44K	45K	47K	48K	49K	38.1K
Property Plant Equipment	22.1M	24.0M	146.1M	94.4M	108.6M	114.0M
Net Tangible Assets	673.3M	667.4M	188.2M	530.0M	609.5M	640.0M
Retained Earnings Total Equity	(189.7M)	(310.1M)	(365.2M)	(464.4M)	(418.0M)	(438.9M)
Capital Surpluse	861.7M	976.6M	952.4M	997.5M	1.1B	701.0M
Non Current Liabilities Other	5.2M	7.0M	9.5M	10.3M	13.8M	14.4M
Net Invested Capital	673.3M	856.9M	867.2M	811.4M	744.5M	670.3M
Net Working Capital	205.2M	419.7M	422.8M	371.5M	321.4M	315.8M

Pair Trading with Glaukos Corp

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 Glaukos Corp 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 Glaukos Corp will appreciate offsetting losses from the drop in the long position's value.

Moving against Glaukos Stock

0.93	EVH	Evolent Health	Pair Corr
0.92	CAH	Cardinal Health Fiscal Year End 20th of August 2024	Pair Corr
0.92	VMD	Viemed Healthcare	Pair Corr
0.91	XTNT	Xtant Medical Holdings	Pair Corr
0.9	DH	Definitive Healthcare	Pair Corr

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

The correlation of Glaukos Corp 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 Glaukos Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Glaukos Corp 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 Glaukos Corp 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

Additional Tools for Glaukos Stock Analysis

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

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