Sight Total Current Assets vs Property Plant Equipment Analysis
SGHT Stock | USD 5.34 0.47 8.09% |
Sight Sciences financial indicator trend analysis is much more than just breaking down Sight Sciences prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sight Sciences is a good investment. Please check the relationship between Sight Sciences Total Current Assets and its Property Plant Equipment accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sight Sciences. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For more information on how to buy Sight Stock please use our How to Invest in Sight Sciences guide.
Total Current Assets vs Property Plant Equipment
Total Current Assets vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sight Sciences Total Current Assets account and Property Plant Equipment. At this time, the significance of the direction appears to have strong relationship.
The correlation between Sight Sciences' Total Current Assets and Property Plant Equipment is 0.76. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Sight Sciences, assuming nothing else is changed. The correlation between historical values of Sight Sciences' Total Current Assets 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 Total Current Assets of Sight Sciences 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 Total Current Assets i.e., Sight Sciences' Total Current Assets and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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.Property Plant Equipment
Most indicators from Sight Sciences' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sight Sciences 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 Sight Sciences. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For more information on how to buy Sight Stock please use our How to Invest in Sight Sciences guide.Tax Provision is likely to drop to about 74.8 K in 2024. Selling General Administrative is likely to drop to about 70.5 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 40.3M | 59.0M | 69.2M | 38.3M | Total Revenue | 49.0M | 71.3M | 81.1M | 47.6M |
Sight Sciences fundamental ratios Correlations
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Sight Sciences Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sight Sciences fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 30.7M | 72.8M | 280.2M | 213.1M | 166.7M | 141.5M | |
Other Current Liab | 4.5M | 6.8M | 9.6M | 14.1M | 7.7M | 8.0M | |
Total Current Liabilities | 7.3M | 9.3M | 13.5M | 17.8M | 12.3M | 11.6M | |
Total Stockholder Equity | (54.7M) | (88.8M) | 232.1M | 160.1M | 120.2M | 62.3M | |
Other Liab | 213K | 809K | 1.9M | 1.2M | 1.4M | 919.6K | |
Net Tangible Assets | (54.7M) | (88.8M) | 232.1M | 160.1M | 184.1M | 193.3M | |
Property Plant And Equipment Net | 2.6M | 1.8M | 2.9M | 3.2M | 3.1M | 2.7M | |
Net Debt | (7.3M) | (29.0M) | (228.0M) | (150.7M) | (102.7M) | (107.9M) | |
Retained Earnings | (55.3M) | (90.0M) | (153.0M) | (239.2M) | (294.8M) | (280.1M) | |
Accounts Payable | 2.3M | 2.2M | 3.4M | 2.7M | 1.7M | 2.6M | |
Cash | 21.2M | 61.5M | 260.7M | 185M | 138.1M | 123.0M | |
Non Current Assets Total | 2.7M | 2.2M | 3.2M | 3.4M | 3.8M | 3.0M | |
Non Currrent Assets Other | 168K | 386K | 202K | 211K | 682K | 716.1K | |
Other Assets | 168K | 386K | 202K | 211K | 242.7K | 226.4K | |
Cash And Short Term Investments | 21.2M | 61.5M | 260.7M | 185M | 138.1M | 123.0M | |
Net Receivables | 4.1M | 5.4M | 8.7M | 15.1M | 14.3M | 9.1M | |
Liabilities And Stockholders Equity | 30.7M | 72.8M | 280.2M | 213.1M | 166.7M | 141.5M | |
Non Current Liabilities Total | 78.1M | 152.3M | 34.6M | 35.2M | 34.2M | 49.1M | |
Capital Lease Obligations | 1.1M | 529K | 1.6M | 1.7M | 1.5M | 1.2M | |
Inventory | 2.2M | 2.6M | 3.5M | 6.1M | 7.8M | 4.2M | |
Other Current Assets | 426K | 1.2M | 4.2M | 3.4M | 2.6M | 2.3M | |
Other Stockholder Equity | 656K | 1.2M | 385.1M | 399.3M | 415.0M | 220.3M | |
Total Liab | 85.4M | 161.7M | 48.1M | 53.0M | 46.4M | 57.6M | |
Net Invested Capital | (41.8M) | (56.9M) | 264.8M | 193.4M | 154.1M | 88.8M | |
Property Plant And Equipment Gross | 2.6M | 1.8M | 2.9M | 3.2M | 4.7M | 2.9M | |
Total Current Assets | 28.0M | 70.6M | 277.0M | 209.7M | 162.9M | 138.5M | |
Net Working Capital | 20.7M | 61.3M | 263.5M | 191.9M | 150.6M | 126.9M | |
Property Plant Equipment | 2.6M | 1.8M | 2.9M | 1.6M | 1.8M | 2.1M |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sight Sciences. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For more information on how to buy Sight Stock please use our How to Invest in Sight Sciences guide.Note that the Sight Sciences information on this page should be used as a complementary analysis to other Sight Sciences' 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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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Is Sight Sciences' 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 Sight Sciences. If investors know Sight 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 Sight Sciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.12) | Revenue Per Share 1.667 | Quarterly Revenue Growth 0.023 | Return On Assets (0.19) | Return On Equity (0.43) |
The market value of Sight Sciences is measured differently than its book value, which is the value of Sight that is recorded on the company's balance sheet. Investors also form their own opinion of Sight Sciences' value that differs from its market value or its book value, called intrinsic value, which is Sight Sciences' 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 Sight Sciences' market value can be influenced by many factors that don't directly affect Sight Sciences' 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 Sight Sciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sight Sciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sight Sciences' 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.