Pixelworks Other Current Assets vs Cash And Short Term Investments Analysis

PXLW Stock  USD 0.80  0.02  2.44%   
Pixelworks financial indicator trend analysis is much more than just breaking down Pixelworks prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pixelworks is a good investment. Please check the relationship between Pixelworks Other Current Assets and its Cash And Short Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pixelworks. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For more information on how to buy Pixelworks Stock please use our How to Invest in Pixelworks guide.

Other Current Assets vs Cash And Short Term Investments

Other Current Assets vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pixelworks Other Current Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Pixelworks' Other Current Assets and Cash And Short Term Investments is 0.81. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Pixelworks, assuming nothing else is changed. The correlation between historical values of Pixelworks' Other Current Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Pixelworks are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Current Assets i.e., Pixelworks' Other Current Assets and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.81
Relationship DirectionPositive 
Relationship StrengthStrong

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Pixelworks balance sheet. This account contains Pixelworks investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Pixelworks fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Pixelworks' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pixelworks 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 Equity Center to better understand how to build diversified portfolios, which includes a position in Pixelworks. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For more information on how to buy Pixelworks Stock please use our How to Invest in Pixelworks guide.Enterprise Value is likely to climb to about 280.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 15.8 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit27.7M35.9M25.7M28.0M
Total Revenue55.1M70.1M59.7M61.6M

Pixelworks fundamental ratios Correlations

0.48-0.840.83-0.210.920.96-0.490.90.95-0.040.290.420.72-0.760.20.90.560.760.850.150.760.65-0.10.710.8
0.48-0.130.250.070.270.40.070.190.320.110.010.420.59-0.5-0.220.610.040.440.050.060.28-0.10.210.650.59
-0.84-0.13-0.970.09-0.98-0.80.59-0.84-0.940.04-0.35-0.34-0.470.6-0.4-0.54-0.65-0.5-0.790.22-0.8-0.520.17-0.52-0.6
0.830.25-0.97-0.040.970.76-0.540.770.94-0.010.310.380.54-0.610.320.530.640.550.68-0.290.810.41-0.150.580.68
-0.210.070.09-0.04-0.13-0.33-0.56-0.32-0.23-0.25-0.14-0.53-0.030.56-0.36-0.13-0.06-0.3-0.24-0.57-0.03-0.36-0.37-0.48-0.43
0.920.27-0.980.97-0.130.87-0.560.880.98-0.050.320.40.56-0.670.330.670.630.610.82-0.130.810.55-0.150.60.7
0.960.4-0.80.76-0.330.87-0.410.850.920.030.340.350.69-0.830.190.860.450.730.860.270.660.74-0.050.740.83
-0.490.070.59-0.54-0.56-0.56-0.41-0.46-0.480.31-0.10.35-0.33-0.060.06-0.42-0.32-0.22-0.590.28-0.47-0.450.490.13-0.05
0.90.19-0.840.77-0.320.880.85-0.460.88-0.010.310.520.49-0.660.370.770.610.550.930.150.710.71-0.080.540.61
0.950.32-0.940.94-0.230.980.92-0.480.88-0.080.360.420.64-0.750.350.720.660.730.830.010.830.6-0.170.690.78
-0.040.110.04-0.01-0.25-0.050.030.31-0.01-0.08-0.090.12-0.22-0.15-0.250.03-0.28-0.27-0.040.04-0.24-0.120.770.170.14
0.290.01-0.350.31-0.140.320.34-0.10.310.36-0.090.120.38-0.470.280.140.620.180.360.040.650.27-0.250.420.36
0.420.42-0.340.38-0.530.40.350.350.520.420.120.120.22-0.620.40.340.340.220.220.020.370.080.380.640.54
0.720.59-0.470.54-0.030.560.69-0.330.490.64-0.220.380.22-0.680.160.690.350.680.490.320.590.53-0.360.720.78
-0.76-0.50.6-0.610.56-0.67-0.83-0.06-0.66-0.75-0.15-0.47-0.62-0.68-0.35-0.64-0.44-0.59-0.59-0.36-0.57-0.55-0.11-0.97-0.94
0.2-0.22-0.40.32-0.360.330.190.060.370.35-0.250.280.40.16-0.35-0.040.550.120.30.180.320.22-0.150.270.2
0.90.61-0.540.53-0.130.670.86-0.420.770.720.030.140.340.69-0.64-0.040.310.670.750.330.520.630.010.610.69
0.560.04-0.650.64-0.060.630.45-0.320.610.66-0.280.620.340.35-0.440.550.310.460.54-0.130.870.24-0.360.40.4
0.760.44-0.50.55-0.30.610.73-0.220.550.73-0.270.180.220.68-0.590.120.670.460.520.320.60.45-0.290.60.7
0.850.05-0.790.68-0.240.820.86-0.590.930.83-0.040.360.220.49-0.590.30.750.540.520.270.640.83-0.230.420.51
0.150.060.22-0.29-0.57-0.130.270.280.150.010.040.040.020.32-0.360.180.33-0.130.320.27-0.170.55-0.010.270.26
0.760.28-0.80.81-0.030.810.66-0.470.710.83-0.240.650.370.59-0.570.320.520.870.60.64-0.170.37-0.310.560.6
0.65-0.1-0.520.41-0.360.550.74-0.450.710.6-0.120.270.080.53-0.550.220.630.240.450.830.550.37-0.260.370.5
-0.10.210.17-0.15-0.37-0.15-0.050.49-0.08-0.170.77-0.250.38-0.36-0.11-0.150.01-0.36-0.29-0.23-0.01-0.31-0.260.160.09
0.710.65-0.520.58-0.480.60.740.130.540.690.170.420.640.72-0.970.270.610.40.60.420.270.560.370.160.96
0.80.59-0.60.68-0.430.70.83-0.050.610.780.140.360.540.78-0.940.20.690.40.70.510.260.60.50.090.96
Click cells to compare fundamentals

Pixelworks Account Relationship Matchups

Pixelworks fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets64.7M72.0M106.6M102.3M96.0M92.6M
Total Stockholder Equity47.5M52.9M40.2M32.4M12.5M11.9M
Net Debt(3.0M)(26.2M)(58.7M)(53.3M)(42.6M)(40.5M)
Cash7.3M31.3M61.6M56.8M47.5M29.2M
Other Assets1.3M7.4M3.2M3.6M1.00.95
Cash And Short Term Investments14.2M31.5M61.6M56.8M47.5M43.9M
Common Stock Shares Outstanding37.9M40.7M52.5M54.3M56.2M59.0M
Liabilities And Stockholders Equity64.7M72.0M106.6M102.3M96.0M92.6M
Other Stockholder Equity18.3M47K(468K)2.2M2.5M2.8M
Total Liab17.1M19.2M35.5M30.1M31.0M38.3M
Total Current Assets32.2M39.6M74.5M72.4M64.7M56.2M
Short Long Term Debt Total4.2M5.1M2.9M3.5M4.9M4.7M
Other Current Liab7.2M7.2M11.1M7.2M7.3M8.3M
Total Current Liabilities9.7M10.6M16.4M12.5M12.3M13.1M
Property Plant And Equipment Net10.0M11.7M10.4M8.0M10.7M6.7M
Retained Earnings(388.6M)(415.1M)(435.0M)(451.0M)(477.2M)(453.3M)
Accounts Payable818K995K2.7M3.1M2.4M2.9M
Non Current Assets Total32.4M32.4M32.1M30.0M31.2M37.8M
Non Currrent Assets Other1.3M1.1M3.2M3.6M2.1M2.0M
Net Receivables10.9M4.7M8.7M10.0M10.1M5.9M
Non Current Liabilities Total7.5M8.6M19.0M17.6M18.7M30.0M
Inventory5.4M2.4M1.5M1.8M4.0M4.8M
Other Current Assets1.7M2.0M5.5M3.7M3.1M2.3M
Property Plant And Equipment Gross10.0M11.7M10.4M8.0M27.2M28.6M
Accumulated Other Comprehensive Income12K47K(468K)2.2M3.4M3.5M
Short Term Debt1.5M2.0M2.4M1.4M2.4M3.2M
Common Stock436.1M468.0M475.6M481.2M486.3M380.4M
Common Stock Total Equity436.1M468.0M475.6M481.2M553.4M391.3M
Property Plant Equipment4.6M5.1M10.4M4.6M4.2M6.3M
Intangible Assets4.2M2.7M1.2M90K81K77.0K
Other Liab3.2M3.5M16.2M15.4M13.9M14.6M
Net Tangible Assets26.4M33.3M21.7M42.9M49.4M25.1M
Retained Earnings Total Equity(388.6M)(415.1M)(435.0M)(451.0M)(405.9M)(426.2M)
Non Current Liabilities Other7.5M8.6M13.2M14.5M15.2M15.9M
Current Deferred Revenue96K146K179K50K230K138.7K
Net Invested Capital47.5M52.9M40.2M32.4M12.5M11.9M
Net Working Capital22.6M29.0M58.1M59.9M52.4M40.6M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Tools for Pixelworks Stock Analysis

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