Sportking Intangible Assets vs Cash And Short Term Investments Analysis

SPORTKING   115.05  2.78  2.36%   
Sportking India financial indicator trend analysis is much more than just breaking down Sportking India prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sportking India is a good investment. Please check the relationship between Sportking India Intangible Assets and its Cash And Short Term Investments accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sportking India Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Intangible Assets vs Cash And Short Term Investments

Intangible 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 Sportking India Intangible Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Sportking India's Intangible Assets and Cash And Short Term Investments is -0.17. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Sportking India Limited, assuming nothing else is changed. The correlation between historical values of Sportking India's Intangible 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 Intangible Assets of Sportking India Limited 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 Intangible Assets i.e., Sportking India's Intangible Assets and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.17
Relationship DirectionNegative 
Relationship StrengthInsignificant

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Sportking India balance sheet. This account contains Sportking India investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Sportking India Limited 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 Sportking India's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sportking India 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 Sportking India Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
The Sportking India's current Selling General Administrative is estimated to increase to about 1.8 B. The Sportking India's current Tax Provision is estimated to increase to about 509.4 M
 2021 2022 2023 2024 (projected)
Gross Profit7.5B5.4B2.9B4.2B
Total Revenue21.0B22.1B23.8B15.2B

Sportking India fundamental ratios Correlations

0.550.250.540.890.840.550.890.5-0.110.870.39-0.420.310.860.560.380.920.9-0.310.780.970.33-0.330.540.28
0.55-0.020.370.380.591.00.39-0.07-0.150.570.34-0.01-0.230.280.720.690.550.4-0.190.810.480.56-0.240.16-0.33
0.25-0.020.610.130.25-0.010.130.64-0.140.24-0.06-0.12-0.010.320.03-0.20.210.11-0.260.460.230.2-0.050.020.7
0.540.370.610.370.210.390.370.73-0.520.230.52-0.25-0.40.740.39-0.290.640.24-0.110.780.640.74-0.24-0.050.64
0.890.380.130.370.740.381.00.41-0.070.770.3-0.470.360.760.690.330.80.87-0.370.580.860.19-0.30.590.15
0.840.590.250.210.740.570.740.320.261.00.09-0.190.570.480.540.730.620.84-0.480.680.67-0.01-0.350.430.04
0.551.0-0.010.390.380.570.39-0.07-0.190.560.34-0.04-0.260.30.720.670.550.39-0.190.820.490.58-0.220.17-0.32
0.890.390.130.371.00.740.390.4-0.060.770.31-0.460.360.760.690.340.80.86-0.360.580.850.19-0.30.590.14
0.5-0.070.640.730.410.32-0.070.4-0.060.350.29-0.150.160.660.09-0.350.40.36-0.170.480.520.14-0.43-0.150.83
-0.11-0.15-0.14-0.52-0.070.26-0.19-0.06-0.060.24-0.160.710.69-0.42-0.20.35-0.33-0.030.12-0.27-0.28-0.67-0.36-0.14-0.34
0.870.570.240.230.771.00.560.770.350.240.12-0.210.570.530.540.70.650.87-0.460.690.710.01-0.360.450.07
0.390.34-0.060.520.30.090.340.310.29-0.160.120.0-0.230.480.33-0.130.550.110.430.420.490.5-0.080.180.09
-0.42-0.01-0.12-0.25-0.47-0.19-0.04-0.46-0.150.71-0.210.00.03-0.53-0.230.07-0.46-0.530.38-0.2-0.48-0.19-0.45-0.54-0.4
0.31-0.23-0.01-0.40.360.57-0.260.360.160.690.57-0.230.030.04-0.150.370.050.51-0.21-0.150.14-0.71-0.170.270.05
0.860.280.320.740.760.480.30.760.66-0.420.530.48-0.530.040.39-0.10.890.7-0.20.660.940.52-0.30.390.56
0.560.720.030.390.690.540.720.690.09-0.20.540.33-0.23-0.150.390.460.580.42-0.450.680.520.5-0.190.29-0.26
0.380.69-0.2-0.290.330.730.670.34-0.350.350.7-0.130.070.37-0.10.460.190.48-0.310.370.18-0.13-0.160.32-0.57
0.920.550.210.640.80.620.550.80.4-0.330.650.55-0.460.050.890.580.190.73-0.20.750.960.59-0.130.590.26
0.90.40.110.240.870.840.390.860.36-0.030.870.11-0.530.510.70.420.480.73-0.340.550.83-0.01-0.240.590.22
-0.31-0.19-0.26-0.11-0.37-0.48-0.19-0.36-0.170.12-0.460.430.38-0.21-0.2-0.45-0.31-0.2-0.34-0.31-0.2-0.10.05-0.06-0.07
0.780.810.460.780.580.680.820.580.48-0.270.690.42-0.2-0.150.660.680.370.750.55-0.310.740.64-0.340.160.24
0.970.480.230.640.860.670.490.850.52-0.280.710.49-0.480.140.940.520.180.960.83-0.20.740.47-0.280.530.36
0.330.560.20.740.19-0.010.580.190.14-0.670.010.5-0.19-0.710.520.5-0.130.59-0.01-0.10.640.47-0.040.050.1
-0.33-0.24-0.05-0.24-0.3-0.35-0.22-0.3-0.43-0.36-0.36-0.08-0.45-0.17-0.3-0.19-0.16-0.13-0.240.05-0.34-0.28-0.040.36-0.02
0.540.160.02-0.050.590.430.170.59-0.15-0.140.450.18-0.540.270.390.290.320.590.59-0.060.160.530.050.36-0.06
0.28-0.330.70.640.150.04-0.320.140.83-0.340.070.09-0.40.050.56-0.26-0.570.260.22-0.070.240.360.1-0.02-0.06
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Sportking India Account Relationship Matchups

Sportking India fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets9.7B10.3B15.5B15.7B19.6B12.0B
Short Long Term Debt Total5.7B5.0B5.3B4.7B8.8B6.1B
Other Current Liab315.8M319.9M675.6M468.0M467.6M518.1M
Total Current Liabilities4.3B4.6B6.2B3.0B6.2B4.9B
Total Stockholder Equity2.5B3.6B7.7B9.0B9.0B9.5B
Property Plant And Equipment Net4.7B4.2B4.5B7.6B7.9B5.3B
Net Debt5.7B5.0B5.3B4.6B8.7B6.1B
Retained Earnings1.8B2.6B6.7B8.0B8.1B8.5B
Accounts Payable761.2M874.7M1.2B1.0B873.3M825.9M
Cash15.9M8.3M5.4M115.6M14.5M24.9M
Non Current Assets Total4.8B4.3B5.0B7.9B8.1B5.5B
Non Currrent Assets Other88.3M(10K)223.8M66.3M207.6M123.9M
Cash And Short Term Investments15.9M8.3M5.4M683.9M14.5M13.7M
Net Receivables1.8B2.1B4.1B2.3B3.6B2.1B
Liabilities And Stockholders Equity9.7B10.3B15.5B15.7B19.6B12.0B
Non Current Liabilities Total2.8B2.2B1.7B3.8B4.4B3.0B
Inventory2.1B2.8B5.2B3.7B6.5B3.5B
Other Current Assets927.1M1.1B1.2B1.7B1.5B1.1B
Other Stockholder Equity69.8M70.3M822.7M26.0M1.00.95
Total Liab7.1B6.8B7.9B6.8B10.6B8.0B
Total Current Assets4.8B6.0B10.6B7.8B11.5B6.5B
Accumulated Other Comprehensive Income54.9M65.3M796.7M32.2M644.1M676.3M
Short Term Debt3.2B3.1B4.0B1.3B4.8B3.5B
Intangible Assets2.1M1.3M635K2.3M1.8M1.7M
Common Stock34.4M34.6M34.8M134.5M128.7M88.0M
Current Deferred Revenue309.2M566.1M982.6M532.9M24.2M23.0M
Short Term Investments(972K)99K250.2M568.3M181.1M185.2M

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Other Information on Investing in Sportking Stock

Balance Sheet is a snapshot of the financial position of Sportking India at a specified time, usually calculated after every quarter, six months, or one year. Sportking India Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sportking India and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Sportking currently owns. An asset can also be divided into two categories, current and non-current.