WORK Intangible Assets vs Accounts Payable Analysis
| WOK Stock | 5.46 0.75 15.92% |
WORK Medical financial indicator trend analysis is more than just analyzing WORK Medical Technology current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WORK Medical Technology is a good investment. Please check the relationship between WORK Medical Intangible Assets and its Accounts Payable accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WORK Medical Technology. 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.
Intangible Assets vs Accounts Payable
Intangible Assets vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of WORK Medical Technology Intangible Assets account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between WORK Medical's Intangible Assets and Accounts Payable is 0.76. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of WORK Medical Technology, assuming nothing else is changed. The correlation between historical values of WORK Medical's Intangible Assets and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of WORK Medical Technology are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Intangible Assets i.e., WORK Medical's Intangible Assets and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.76 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Accounts Payable
An accounting item on the balance sheet that represents WORK Medical obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of WORK Medical Technology are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from WORK Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WORK Medical Technology 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 WORK Medical Technology. 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. At this time, WORK Medical's Selling General Administrative is quite stable compared to the past year. Issuance Of Capital Stock is expected to rise to about 953.1 K this year, although the value of Tax Provision will most likely fall to about 40.2 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.4M | 4.1M | 3.7M | 5.6M | Total Revenue | 19.7M | 13.6M | 12.2M | 11.6M |
WORK Medical fundamental ratios Correlations
Click cells to compare fundamentals
WORK Medical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Is Health Care Equipment & Supplies space 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 WORK Medical. If investors know WORK 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 WORK Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of WORK Medical Technology is measured differently than its book value, which is the value of WORK that is recorded on the company's balance sheet. Investors also form their own opinion of WORK Medical's value that differs from its market value or its book value, called intrinsic value, which is WORK Medical'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 WORK Medical's market value can be influenced by many factors that don't directly affect WORK Medical'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 WORK Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if WORK Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WORK Medical'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.