Scisparc Inventory vs Cash And Short Term Investments Analysis
| SPRC Stock | USD 0.21 0.01 4.55% |
Scisparc financial indicator trend analysis is much more than just breaking down Scisparc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Scisparc is a good investment. Please check the relationship between Scisparc Inventory 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 Scisparc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade Scisparc Stock refer to our How to Trade Scisparc Stock guide.
Inventory vs Cash And Short Term Investments
Inventory 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 Scisparc Inventory account and Cash And Short Term Investments. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Scisparc's Inventory and Cash And Short Term Investments is 0.13. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Scisparc, assuming nothing else is changed. The correlation between historical values of Scisparc's Inventory 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 Inventory of Scisparc 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 Inventory i.e., Scisparc's Inventory and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.13 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Inventory
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Scisparc balance sheet. This account contains Scisparc investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Scisparc 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 Scisparc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Scisparc 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 Scisparc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade Scisparc Stock refer to our How to Trade Scisparc Stock guide.The current year's Tax Provision is expected to grow to about 23.1 K, whereas Selling General Administrative is forecasted to decline to about 3 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 12K | 36K | 9K | 8.6K | Depreciation And Amortization | 33K | 187K | 538K | 564.9K |
Scisparc fundamental ratios Correlations
Click cells to compare fundamentals
Scisparc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Scisparc fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Common Stock Shares Outstanding | 6.6M | 1.4M | 78.8K | 176.0K | 408K | 387.6K | |
| Total Assets | 1.2M | 2.6M | 9.9M | 10.6M | 11.2M | 11.7M | |
| Other Current Liab | 7K | 666K | 830K | 3.8M | 1.3M | 942.0K | |
| Total Current Liabilities | 1.0M | 1.1M | 1.8M | 4.2M | 1.6M | 1.8M | |
| Total Stockholder Equity | 14K | 1.4M | 8.1M | 6.4M | 7.6M | 8.0M | |
| Property Plant And Equipment Net | 175K | 11K | 92K | 57K | 108K | 102.6K | |
| Net Debt | (370K) | (1.5M) | (6.4M) | (3.5M) | (2M) | (2.1M) | |
| Retained Earnings | (51.7M) | (55.2M) | (61.0M) | (63.6M) | (68.7M) | (72.1M) | |
| Accounts Payable | 339K | 277K | 441K | 298K | 264K | 339.9K | |
| Cash | 870K | 1.9M | 6.9M | 3.6M | 2.1M | 3.0M | |
| Non Current Assets Total | 199K | 11K | 92K | 6.1M | 4.7M | 5.0M | |
| Cash And Short Term Investments | 870K | 1.9M | 6.9M | 3.6M | 5.1M | 3.3M | |
| Net Receivables | 64K | 286K | 2.6M | 168K | 287K | 428.6K | |
| Liabilities And Stockholders Equity | 1.2M | 2.6M | 9.9M | 10.6M | 11.2M | 11.7M | |
| Non Current Liabilities Total | 94K | 465K | 18K | 1.2M | 24K | 22.8K | |
| Other Current Assets | 11K | 318K | 393K | 100K | 340K | 213.2K | |
| Other Stockholder Equity | 44.9M | 7.1M | 10.1M | 10.9M | 1.0 | 0.95 | |
| Total Liab | 1.1M | 1.1M | 1.8M | 4.2M | 1.6M | 1.8M | |
| Total Current Assets | 955K | 2.6M | 9.8M | 4.5M | 6.4M | 4.0M | |
| Common Stock | 6.3M | 49.0M | 58.5M | 58.6M | 64.5M | 67.8M | |
| Non Currrent Assets Other | 24K | (11K) | (92K) | (6.1M) | (5.5M) | (5.2M) | |
| Net Tangible Assets | 14K | 1.4M | 8.1M | 1.7M | 1.6M | 2.7M | |
| Net Invested Capital | 420K | 1.9M | 8.6M | 6.4M | 7.6M | 5.5M | |
| Net Working Capital | (91K) | 1.4M | 8.1M | 354K | 4.9M | 3.3M | |
| Property Plant Equipment | 175K | 11K | 92K | 57K | 51.3K | 48.7K | |
| Short Long Term Debt Total | 500K | 465K | 504K | 27K | 76K | 72.2K | |
| Capital Stock | 6.3M | 49.0M | 58.5M | 58.6M | 64.5M | 44.2M | |
| Short Term Debt | 406K | 188K | 486K | 27K | 52K | 49.4K |
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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.When determining whether Scisparc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Scisparc's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Scisparc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Scisparc Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Scisparc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade Scisparc Stock refer to our How to Trade Scisparc Stock guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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 Scisparc. If investors know Scisparc 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 Scisparc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (5.28) | Revenue Per Share 1.357 | Quarterly Revenue Growth (0.57) | Return On Assets (0.39) | Return On Equity (0.86) |
The market value of Scisparc is measured differently than its book value, which is the value of Scisparc that is recorded on the company's balance sheet. Investors also form their own opinion of Scisparc's value that differs from its market value or its book value, called intrinsic value, which is Scisparc'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 Scisparc's market value can be influenced by many factors that don't directly affect Scisparc'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 Scisparc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Scisparc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Scisparc'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.