Cogent Change To Inventory vs Other Non Cash Items Analysis

COGT Stock  USD 7.76  0.08  1.02%   
Cogent Biosciences financial indicator trend analysis is way more than just evaluating Cogent Biosciences prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cogent Biosciences is a good investment. Please check the relationship between Cogent Biosciences Change To Inventory and its Other Non Cash Items accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cogent Biosciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
For more information on how to buy Cogent Stock please use our How to Invest in Cogent Biosciences guide.

Change To Inventory vs Other Non Cash Items

Change To Inventory vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cogent Biosciences Change To Inventory account and Other Non Cash Items. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Cogent Biosciences' Change To Inventory and Other Non Cash Items is -0.24. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Cogent Biosciences, assuming nothing else is changed. The correlation between historical values of Cogent Biosciences' Change To Inventory and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of Cogent Biosciences are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Change To Inventory i.e., Cogent Biosciences' Change To Inventory and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

-0.24
Relationship DirectionNegative 
Relationship StrengthInsignificant

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Other Non Cash Items

Most indicators from Cogent Biosciences' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cogent Biosciences 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Cogent Biosciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
For more information on how to buy Cogent Stock please use our How to Invest in Cogent Biosciences guide.At this time, Cogent Biosciences' Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 2.09 in 2024, despite the fact that Enterprise Value Multiple is likely to grow to (2.00).
 2021 2022 2023 2024 (projected)
Interest Income467K4.0M11.3M11.9M
Net Interest Income467K4.0M11.3M11.9M

Cogent Biosciences fundamental ratios Correlations

0.780.960.790.750.940.69-0.1-0.980.970.190.970.820.750.960.920.170.710.970.760.950.750.450.96-0.810.79
0.780.810.761.00.710.34-0.59-0.840.640.670.720.811.00.820.590.020.950.860.650.711.00.640.81-0.380.93
0.960.810.810.790.930.64-0.17-0.990.950.270.960.740.780.980.880.050.770.990.70.940.780.50.99-0.790.86
0.790.760.810.710.770.66-0.11-0.840.770.190.780.80.710.860.72-0.020.660.810.830.770.720.560.86-0.50.86
0.751.00.790.710.670.31-0.66-0.810.60.730.670.781.00.80.53-0.050.970.840.570.671.00.680.79-0.360.93
0.940.710.930.770.670.570.05-0.920.930.050.990.750.660.910.940.340.60.90.841.00.670.270.92-0.750.72
0.690.340.640.660.310.570.23-0.670.76-0.180.660.440.320.640.78-0.050.240.630.530.60.320.360.67-0.840.42
-0.1-0.59-0.17-0.11-0.660.050.230.20.1-0.990.05-0.25-0.66-0.220.220.51-0.74-0.270.20.06-0.65-0.71-0.19-0.2-0.53
-0.98-0.84-0.99-0.84-0.81-0.92-0.670.2-0.94-0.3-0.95-0.8-0.81-0.99-0.87-0.03-0.79-1.0-0.73-0.93-0.81-0.56-0.990.78-0.88
0.970.640.950.770.60.930.760.1-0.94-0.010.970.70.60.920.950.180.560.920.750.940.60.320.94-0.880.69
0.190.670.270.190.730.05-0.18-0.99-0.3-0.010.050.330.730.31-0.13-0.480.80.36-0.110.040.720.730.280.130.61
0.970.720.960.780.670.990.660.05-0.950.970.050.770.670.930.960.290.610.930.821.00.670.310.94-0.810.73
0.820.810.740.80.780.750.44-0.25-0.80.70.330.770.780.780.660.180.750.780.770.750.780.540.77-0.40.77
0.751.00.780.711.00.660.32-0.66-0.810.60.730.670.780.790.54-0.040.960.830.580.661.00.680.78-0.360.92
0.960.820.980.860.80.910.64-0.22-0.990.920.310.930.780.790.84-0.030.790.990.710.920.80.591.0-0.740.9
0.920.590.880.720.530.940.780.22-0.870.95-0.130.960.660.540.840.380.430.850.820.950.540.180.86-0.880.58
0.170.020.05-0.02-0.050.34-0.050.51-0.030.18-0.480.290.18-0.04-0.030.38-0.220.00.540.33-0.04-0.68-0.02-0.07-0.22
0.710.950.770.660.970.60.24-0.74-0.790.560.80.610.750.960.790.43-0.220.820.430.60.970.770.77-0.320.93
0.970.860.990.810.840.90.63-0.27-1.00.920.360.930.780.830.990.850.00.820.680.910.840.580.99-0.760.89
0.760.650.70.830.570.840.530.2-0.730.75-0.110.820.770.580.710.820.540.430.680.830.580.090.71-0.460.6
0.950.710.940.770.671.00.60.06-0.930.940.041.00.750.660.920.950.330.60.910.830.670.270.93-0.770.72
0.751.00.780.721.00.670.32-0.65-0.810.60.720.670.781.00.80.54-0.040.970.840.580.670.670.79-0.360.92
0.450.640.50.560.680.270.36-0.71-0.560.320.730.310.540.680.590.18-0.680.770.580.090.270.670.57-0.250.75
0.960.810.990.860.790.920.67-0.19-0.990.940.280.940.770.781.00.86-0.020.770.990.710.930.790.57-0.770.89
-0.81-0.38-0.79-0.5-0.36-0.75-0.84-0.20.78-0.880.13-0.81-0.4-0.36-0.74-0.88-0.07-0.32-0.76-0.46-0.77-0.36-0.25-0.77-0.43
0.790.930.860.860.930.720.42-0.53-0.880.690.610.730.770.920.90.58-0.220.930.890.60.720.920.750.89-0.43
Click cells to compare fundamentals

Cogent Biosciences Account Relationship Matchups

Cogent Biosciences fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding7.6M11.1M38.7M58.7M79.7M83.6M
Total Assets49.4M250.9M232.1M300.8M313.4M186.6M
Other Current Liab7.1M8.3M8.9M18.2M24.7M26.0M
Total Current Liabilities13.2M13.1M17.1M26.8M38.2M21.1M
Total Stockholder Equity31.8M234.7M214.2M255.7M257.8M156.1M
Property Plant And Equipment Net7.2M4.7M4.5M31.1M30.3M31.9M
Current Deferred Revenue1.3M3.8M8.0M1.7M25.7M27.0M
Net Debt(31.4M)(237.0M)(216.5M)(120.2M)(34.4M)(36.1M)
Retained Earnings(123.9M)(198.7M)(271.0M)(411.2M)(603.6M)(573.4M)
Accounts Payable3.2M732K3.5M5.8M10.7M11.2M
Cash37.4M242.2M219.7M139.9M53.2M50.6M
Non Current Assets Total8.8M6.0M9.5M35.8M42.7M44.8M
Cash And Short Term Investments37.4M242.2M219.7M259.3M265.7M166.7M
Short Term Investments12.7M22.9M0.0119.4M212.5M223.1M
Liabilities And Stockholders Equity49.4M250.9M232.1M300.8M313.4M186.6M
Non Current Liabilities Total4.4M3.2M831K18.2M17.5M9.5M
Other Current Assets1.2M5.4M5.9M5.7M5.1M3.4M
Other Stockholder Equity155.6M322.5M399.7M601.2M801.1M841.1M
Total Liab17.7M16.2M17.9M45.1M55.6M30.6M
Property Plant And Equipment Gross7.2M4.7M5.0M32.5M34.0M35.7M
Total Current Assets40.6M244.9M222.6M265.0M270.8M170.1M
Accumulated Other Comprehensive Income(16K)(12K)0.0(104K)246K258.3K
Short Term Debt1.6M4.1M4.6M2.8M2.8M3.3M
Net Invested Capital31.8M123.8M128.8M189.9M197.8M107.4M
Net Working Capital27.3M231.8M205.6M238.1M232.6M160.7M

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Additional Tools for Cogent Stock Analysis

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