Skye Gross Profit Margin vs Asset Turnover Analysis

SKYE Stock

USD 2.55 0.08 3.04%

Skye Bioscience, financial indicator trend analysis is much more than just breaking down Skye Bioscience, Common prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Skye Bioscience, Common is a good investment. Please check the relationship between Skye Bioscience, Gross Profit Margin and its Asset Turnover accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skye Bioscience, Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Gross Profit Margin vs Asset Turnover

Gross Profit Margin vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Skye Bioscience, Common Gross Profit Margin account and Asset Turnover. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Skye Bioscience,'s Gross Profit Margin and Asset Turnover is -0.69. Overlapping area represents the amount of variation of Gross Profit Margin that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Skye Bioscience, Common, assuming nothing else is changed. The correlation between historical values of Skye Bioscience,'s Gross Profit Margin and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit Margin of Skye Bioscience, Common are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Gross Profit Margin i.e., Skye Bioscience,'s Gross Profit Margin and Asset Turnover go up and down completely randomly.

Correlation Coefficient

-0.69

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Gross Profit Margin

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Most indicators from Skye Bioscience,'s fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Skye Bioscience, Common 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 Skye Bioscience, Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

At present, Skye Bioscience,'s Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting.

	2021	2022	2023	2024 (projected)
Tax Provision	2.1K	6.7K	3.6K	3.0K
Income Tax Expense	2.1K	6.7K	3.6K	2.8K

Tax Provision Income Tax Expense

Skye Bioscience, fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Other Current Assets	Other Stockholder Equity	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Other Liab	Cash	Non Current Assets Total	Common Stock Shares Outstanding	Non Current Liabilities Total	Total Liab	Net Invested Capital	Short Long Term Debt	Net Working Capital	Long Term Debt	Capital Stock	Property Plant And Equipment Net	Short Long Term Debt Total
Other Current Liab		0.9	-0.21	-0.53	0.3	-0.56	0.34	0.55	0.43	0.25	0.37	0.44	-0.83	-0.5	0.07	0.35	0.39	0.48	0.97	-0.42	0.36	-0.86	0.19	0.13	0.36	0.39
Total Current Liabilities	0.9		0.17	-0.81	0.52	-0.71	0.66	0.82	0.74	0.28	0.69	0.66	-0.6	-0.65	0.13	0.68	0.35	0.25	0.95	-0.1	0.71	-0.67	0.19	0.14	0.62	0.63
Net Tangible Assets	-0.21	0.17		-0.67	0.74	-0.45	0.57	0.63	0.76	0.39	0.79	0.73	0.65	-0.53	0.34	0.77	0.11	-0.37	0.01	0.9	0.73	0.58	0.02	0.33	0.75	0.6
Retained Earnings	-0.53	-0.81	-0.67		-0.69	0.81	-0.87	-0.99	-0.95	-0.3	-0.9	-0.86	0.08	0.82	-0.28	-0.91	-0.18	0.07	-0.69	-0.46	-0.93	0.15	-0.11	-0.14	-0.85	-0.85
Accounts Payable	0.3	0.52	0.74	-0.69		-0.53	0.4	0.64	0.78	0.74	0.83	0.86	0.17	-0.56	0.3	0.73	0.57	0.16	0.49	0.49	0.65	0.09	0.34	0.7	0.81	0.57
Other Assets	-0.56	-0.71	-0.45	0.81	-0.53		-0.52	-0.84	-0.77	-0.5	-0.67	-0.73	0.16	0.89	-0.42	-0.67	-0.35	-0.21	-0.66	-0.35	-0.61	0.2	0.09	-0.33	-0.64	-0.54
Other Current Assets	0.34	0.66	0.57	-0.87	0.4	-0.52		0.83	0.78	-0.18	0.75	0.61	-0.04	-0.49	0.01	0.82	-0.2	-0.4	0.48	0.38	0.94	-0.11	0.14	-0.32	0.69	0.88
Other Stockholder Equity	0.55	0.82	0.63	-0.99	0.64	-0.84	0.83		0.94	0.32	0.87	0.85	-0.1	-0.88	0.36	0.89	0.19	-0.05	0.7	0.46	0.89	-0.17	0.01	0.14	0.82	0.8
Total Current Assets	0.43	0.74	0.76	-0.95	0.78	-0.77	0.78	0.94		0.43	0.98	0.93	0.09	-0.79	0.48	0.98	0.19	-0.15	0.61	0.59	0.93	0.01	0.16	0.29	0.94	0.8
Common Stock	0.25	0.28	0.39	-0.3	0.74	-0.5	-0.18	0.32	0.43		0.44	0.55	0.08	-0.56	0.48	0.31	0.79	0.55	0.33	0.29	0.12	0.05	0.04	0.98	0.41	-0.02
Property Plant Equipment	0.37	0.69	0.79	-0.9	0.83	-0.67	0.75	0.87	0.98	0.44		0.93	0.14	-0.68	0.44	0.99	0.21	-0.2	0.56	0.59	0.93	0.06	0.24	0.33	0.95	0.78
Total Assets	0.44	0.66	0.73	-0.86	0.86	-0.73	0.61	0.85	0.93	0.55	0.93		0.13	-0.77	0.56	0.91	0.27	-0.08	0.62	0.59	0.81	0.06	0.26	0.43	0.98	0.8
Total Stockholder Equity	-0.83	-0.6	0.65	0.08	0.17	0.16	-0.04	-0.1	0.09	0.08	0.14	0.13		0.05	0.34	0.15	-0.27	-0.57	-0.7	0.83	0.07	0.99	-0.09	0.14	0.2	0.02
Other Liab	-0.5	-0.65	-0.53	0.82	-0.56	0.89	-0.49	-0.88	-0.79	-0.56	-0.68	-0.77	0.05		-0.57	-0.68	-0.33	-0.19	-0.6	-0.48	-0.59	0.09	0.19	-0.37	-0.67	-0.52
Cash	0.07	0.13	0.34	-0.28	0.3	-0.42	0.01	0.36	0.48	0.48	0.44	0.56	0.34	-0.57		0.47	-0.06	-0.14	0.14	0.57	0.23	0.33	0.02	0.39	0.55	0.16
Non Current Assets Total	0.35	0.68	0.77	-0.91	0.73	-0.67	0.82	0.89	0.98	0.31	0.99	0.91	0.15	-0.68	0.47		0.06	-0.31	0.53	0.61	0.96	0.07	0.22	0.19	0.95	0.83
Common Stock Shares Outstanding	0.39	0.35	0.11	-0.18	0.57	-0.35	-0.2	0.19	0.19	0.79	0.21	0.27	-0.27	-0.33	-0.06	0.06		0.65	0.41	-0.14	-0.01	-0.31	-0.19	0.79	0.12	-0.11
Non Current Liabilities Total	0.48	0.25	-0.37	0.07	0.16	-0.21	-0.4	-0.05	-0.15	0.55	-0.2	-0.08	-0.57	-0.19	-0.14	-0.31	0.65		0.4	-0.49	-0.35	-0.54	0.12	0.55	-0.26	-0.36
Total Liab	0.97	0.95	0.01	-0.69	0.49	-0.66	0.48	0.7	0.61	0.33	0.56	0.62	-0.7	-0.6	0.14	0.53	0.41	0.4		-0.23	0.54	-0.75	0.26	0.2	0.55	0.56
Net Invested Capital	-0.42	-0.1	0.9	-0.46	0.49	-0.35	0.38	0.46	0.59	0.29	0.59	0.59	0.83	-0.48	0.57	0.61	-0.14	-0.49	-0.23		0.52	0.8	-0.07	0.23	0.62	0.43
Short Long Term Debt	0.36	0.71	0.73	-0.93	0.65	-0.61	0.94	0.89	0.93	0.12	0.93	0.81	0.07	-0.59	0.23	0.96	-0.01	-0.35	0.54	0.52		-0.02	0.21	-0.01	0.87	0.89
Net Working Capital	-0.86	-0.67	0.58	0.15	0.09	0.2	-0.11	-0.17	0.01	0.05	0.06	0.06	0.99	0.09	0.33	0.07	-0.31	-0.54	-0.75	0.8	-0.02		-0.1	0.11	0.12	-0.05
Long Term Debt	0.19	0.19	0.02	-0.11	0.34	0.09	0.14	0.01	0.16	0.04	0.24	0.26	-0.09	0.19	0.02	0.22	-0.19	0.12	0.26	-0.07	0.21	-0.1		0.09	0.31	0.3
Capital Stock	0.13	0.14	0.33	-0.14	0.7	-0.33	-0.32	0.14	0.29	0.98	0.33	0.43	0.14	-0.37	0.39	0.19	0.79	0.55	0.2	0.23	-0.01	0.11	0.09		0.3	-0.14
Property Plant And Equipment Net	0.36	0.62	0.75	-0.85	0.81	-0.64	0.69	0.82	0.94	0.41	0.95	0.98	0.2	-0.67	0.55	0.95	0.12	-0.26	0.55	0.62	0.87	0.12	0.31	0.3		0.85
Short Long Term Debt Total	0.39	0.63	0.6	-0.85	0.57	-0.54	0.88	0.8	0.8	-0.02	0.78	0.8	0.02	-0.52	0.16	0.83	-0.11	-0.36	0.56	0.43	0.89	-0.05	0.3	-0.14	0.85

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Skye Bioscience, Account Relationship Matchups

Skye Bioscience, fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	410.6K	341.8K	954.9K	7.6M	8.3M	4.7M
Total Current Liabilities	970.8K	787.2K	3.9M	12.1M	13.9M	14.6M
Net Tangible Assets	(15.6M)	548.1K	450.8K	5.9M	6.7M	7.1M
Retained Earnings	(32.2M)	(38.7M)	(47.3M)	(66.7M)	(104.4M)	(99.2M)
Accounts Payable	129.8K	381.4K	900.0K	1.8M	1.2M	653.5K
Other Current Assets	12.1K	195.0K	629.1K	412.0K	10.2M	10.7M
Total Current Assets	2.0M	2.7M	9.6M	8.9M	11.7M	12.2M
Common Stock	182.9K	288.1K	476.1K	913.5K	12.3K	11.7K
Property Plant Equipment	3.4K	2.0K	7.3K	234.7K	269.9K	283.4K
Total Assets	2.0M	2.7M	9.9M	9.1M	11.9M	6.0M
Total Stockholder Equity	548.1K	450.8K	5.9M	(3.0M)	(2.1M)	(2.2M)
Cash	1.8M	2.5M	9.0M	1.2M	1.3M	1.2M
Non Current Assets Total	2.0K	7.3K	243.0K	167.4K	289.6K	304.0K
Common Stock Shares Outstanding	182.9M	1.0M	1.7M	493.7M	7.0M	6.7M
Non Current Liabilities Total	477.9K	1.4M	78.7K	1.7M	171.2K	162.7K
Total Liab	1.4M	2.2M	4.0M	12.1M	14.1M	8.3M
Net Invested Capital	935.1K	1.9M	7.8M	(1.2M)	2.2M	2.4M
Net Working Capital	1.0M	1.9M	5.7M	(3.2M)	(2.3M)	(2.4M)
Capital Stock	182.9K	288.1K	476.1K	913.5K	12.3K	11.7K

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When determining whether Skye Bioscience, Common is a strong investment it is important to analyze Skye Bioscience,'s competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Skye Bioscience,'s future performance. For an informed investment choice regarding Skye Stock, refer to the following important reports:

How To Invest In Skye

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Is Skye Stock a good investment?

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What is Skye Bioscience,'s Net Worth?

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Largest Pharmaceuticals, Biotechnology & Life Sciences Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skye Bioscience, Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Is Biotechnology 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 Skye Bioscience,. If investors know Skye 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 Skye Bioscience, listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(3.60)

Return On Assets

(0.30)

Return On Equity

(0.55)

The market value of Skye Bioscience, Common is measured differently than its book value, which is the value of Skye that is recorded on the company's balance sheet. Investors also form their own opinion of Skye Bioscience,'s value that differs from its market value or its book value, called intrinsic value, which is Skye Bioscience,'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 Skye Bioscience,'s market value can be influenced by many factors that don't directly affect Skye Bioscience,'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 Skye Bioscience,'s value and its price as these two are different measures arrived at by different means. Investors typically determine if Skye Bioscience, is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skye Bioscience,'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.

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Skye Gross Profit Margin vs Asset Turnover Analysis

Gross Profit Margin vs Asset Turnover

Gross Profit Margin vs Asset Turnover Correlation Analysis

Correlation Coefficient

Gross Profit Margin

Asset Turnover

Skye Bioscience, fundamental ratios Correlations

Skye Bioscience, Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Skye Bioscience, fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 0.99	Property Plant Equipment
Net Working Capital	+ 0.99	Total Stockholder Equity
Property Plant Equipment	+ 0.98	Total Current Assets
Non Current Assets Total	+ 0.98	Total Current Assets
Capital Stock	+ 0.98	Common Stock
Property Plant And Equipment Net	+ 0.98	Total Assets

Other Stockholder Equity	- 0.99	Retained Earnings
Total Current Assets	- 0.95	Retained Earnings
Short Long Term Debt	- 0.93	Retained Earnings
Non Current Assets Total	- 0.91	Retained Earnings
Property Plant Equipment	- 0.9	Retained Earnings
Other Liab	- 0.88	Other Stockholder Equity