Sweetgreen Depreciation vs Change Receivables Analysis
| SG Stock | USD 33.63 2.25 6.27% |
Sweetgreen financial indicator trend analysis is much more than just breaking down Sweetgreen prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sweetgreen is a good investment. Please check the relationship between Sweetgreen Depreciation and its Change Receivables accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sweetgreen. 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 detail on how to invest in Sweetgreen Stock please use our How to Invest in Sweetgreen guide.
Depreciation vs Change Receivables
Depreciation vs Change Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sweetgreen Depreciation account and Change Receivables. At this time, the significance of the direction appears to have strong relationship.
The correlation between Sweetgreen's Depreciation and Change Receivables is 0.6. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Change Receivables in the same time period over historical financial statements of Sweetgreen, assuming nothing else is changed. The correlation between historical values of Sweetgreen's Depreciation and Change Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Sweetgreen are associated (or correlated) with its Change Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change Receivables has no effect on the direction of Depreciation i.e., Sweetgreen's Depreciation and Change Receivables go up and down completely randomly.
Correlation Coefficient | 0.6 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Depreciation
Depreciation indicates how much of Sweetgreen value has been used up. For tax purposes Sweetgreen can deduct the cost of the tangible assets it purchases as business expenses. However, Sweetgreen must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Change Receivables
The difference in the amount of accounts receivable from one accounting period to the next. A positive number indicates an increase in receivables, while a negative number indicates a decrease.Most indicators from Sweetgreen's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sweetgreen 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 Sweetgreen. 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 detail on how to invest in Sweetgreen Stock please use our How to Invest in Sweetgreen guide.The Sweetgreen's current Sales General And Administrative To Revenue is estimated to increase to 0.25, while Tax Provision is projected to decrease to roughly 2.1 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 469.3M | 646.2M | 688.4M | 525.5M | Depreciation And Amortization | 35.5M | 74.9M | 59.5M | 44.7M |
Sweetgreen fundamental ratios Correlations
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Sweetgreen Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sweetgreen fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 386.4M | 265.7M | 762.6M | 908.9M | 912.3M | 1.2B | |
| Other Current Liab | 24.6M | 30.1M | 36.3M | (1.7M) | 7.9M | 7.5M | |
| Total Current Liabilities | 32.9M | 36.3M | 47.5M | 72.5M | 91.6M | 87.0M | |
| Total Stockholder Equity | (173.2M) | (307.4M) | 653.1M | 541.2M | 482.6M | 417.7M | |
| Net Debt | (249.3M) | (102.6M) | (472.0M) | (30.9M) | 45.6M | 64.5M | |
| Retained Earnings | (181.8M) | (323.0M) | (476.2M) | (671.6M) | (785.0M) | (745.7M) | |
| Accounts Payable | 8.3M | 6.2M | 11.2M | 12.2M | 17.4M | 16.5M | |
| Cash | 249.3M | 102.6M | 472.0M | 331.6M | 257.2M | 280.9M | |
| Non Current Assets Total | 124.8M | 149.8M | 256.0M | 562.8M | 636.2M | 558.9M | |
| Non Currrent Assets Other | 5.1M | 5.4M | 6.5M | 5.4M | 60.1M | 57.1M | |
| Cash And Short Term Investments | 249.3M | 102.6M | 472.0M | 331.6M | 257.2M | 299.7M | |
| Net Receivables | 5.0M | 6.6M | 19.3M | 3.2M | 3.5M | 3.3M | |
| Liabilities And Stockholders Equity | 386.4M | 265.7M | 762.6M | 908.9M | 912.3M | 1.2B | |
| Non Current Liabilities Total | 526.7M | 536.7M | 62.0M | 295.2M | 338.1M | 327.4M | |
| Other Current Assets | 396K | 602K | 680K | 9.9M | 13.2M | 12.6M | |
| Other Stockholder Equity | 8.6M | (486.0M) | 1.1B | 1.2B | 1.3B | 816.4M | |
| Total Liab | 559.6M | 573.0M | 109.5M | 367.7M | 429.7M | 814.5M | |
| Total Current Assets | 261.6M | 115.9M | 506.7M | 346.1M | 276.1M | 262.3M | |
| Intangible Assets | 5.7M | 10.9M | 32.9M | 30.6M | 27.4M | 40.4M | |
| Common Stock | 15K | 17K | 109K | 111K | 113K | 208.7K |
Currently Active Assets on Macroaxis
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sweetgreen. 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 detail on how to invest in Sweetgreen Stock please use our How to Invest in Sweetgreen guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Is Hotels, Restaurants & Leisure 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 Sweetgreen. If investors know Sweetgreen 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 Sweetgreen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.78) | Revenue Per Share 5.896 | Quarterly Revenue Growth 0.13 | Return On Assets (0.06) | Return On Equity (0.18) |
The market value of Sweetgreen is measured differently than its book value, which is the value of Sweetgreen that is recorded on the company's balance sheet. Investors also form their own opinion of Sweetgreen's value that differs from its market value or its book value, called intrinsic value, which is Sweetgreen'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 Sweetgreen's market value can be influenced by many factors that don't directly affect Sweetgreen'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 Sweetgreen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sweetgreen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sweetgreen'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.