Purple Net Receivables vs Total Assets Analysis

PPBT Stock

USD 3.36 0.11 3.38%

Purple Biotech financial indicator trend analysis is much more than just breaking down Purple Biotech prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Purple Biotech is a good investment. Please check the relationship between Purple Biotech Net Receivables and its Total Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Purple Biotech. 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 labor statistics.

For more information on how to buy Purple Stock please use our How to Invest in Purple Biotech guide.

Net Receivables vs Total Assets

Net Receivables vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Purple Biotech Net Receivables account and Total Assets. At this time, the significance of the direction appears to have very week relationship.

The correlation between Purple Biotech's Net Receivables and Total Assets is 0.28. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Assets in the same time period over historical financial statements of Purple Biotech, assuming nothing else is changed. The correlation between historical values of Purple Biotech's Net Receivables and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Purple Biotech are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Receivables i.e., Purple Biotech's Net Receivables and Total Assets go up and down completely randomly.

Correlation Coefficient

0.28

Relationship Direction	Positive
Relationship Strength	Very Weak

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Net Receivables

Total Assets

Total assets refers to the total amount of Purple Biotech assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Purple Biotech books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Purple Biotech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Purple Biotech 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 Purple Biotech. 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 labor statistics.

For more information on how to buy Purple Stock please use our How to Invest in Purple Biotech guide.Enterprise Value is likely to gain to about 11 M in 2024, whereas Selling General Administrative is likely to drop slightly above 4.6 M in 2024.

Purple Biotech fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Property Plant And Equipment Net	Non Current Assets Total	Property Plant And Equipment Gross	Other Liab	Net Tangible Assets	Short Term Investments	Inventory	Property Plant Equipment	Current Deferred Revenue	Net Invested Capital
Total Assets		0.6	0.65	1.0	-0.76	-0.77	0.57	0.81	0.97	0.28	0.28	0.42	0.08	0.92	0.58	0.97	0.98	0.84	0.98	-0.15	0.89	0.77	0.59	0.96	0.76	0.97
Other Current Liab	0.6		0.92	0.54	-0.67	-0.79	0.63	0.7	0.44	0.27	0.39	0.43	-0.16	0.78	0.76	0.45	0.59	0.71	0.59	-0.04	0.33	0.13	0.66	0.63	0.7	0.53
Total Current Liabilities	0.65	0.92		0.58	-0.74	-0.88	0.76	0.76	0.46	0.51	0.52	0.61	-0.08	0.87	0.87	0.48	0.63	0.79	0.63	0.04	0.34	0.08	0.76	0.71	0.79	0.55
Total Stockholder Equity	1.0	0.54	0.58		-0.73	-0.73	0.53	0.78	0.99	0.24	0.23	0.37	0.1	0.89	0.52	0.99	0.98	0.81	0.98	-0.18	0.91	0.81	0.54	0.95	0.72	0.98
Net Debt	-0.76	-0.67	-0.74	-0.73		0.88	-0.82	-0.97	-0.69	-0.26	-0.63	-0.63	-0.13	-0.85	-0.78	-0.69	-0.7	-0.84	-0.7	0.23	-0.56	-0.27	-0.52	-0.75	-0.66	-0.68
Retained Earnings	-0.77	-0.79	-0.88	-0.73	0.88		-0.94	-0.83	-0.64	-0.43	-0.74	-0.78	0.0	-0.91	-0.95	-0.64	-0.77	-0.97	-0.77	0.19	-0.56	-0.21	-0.69	-0.83	-0.79	-0.73
Accounts Payable	0.57	0.63	0.76	0.53	-0.82	-0.94		0.71	0.43	0.38	0.88	0.85	-0.02	0.75	0.93	0.43	0.59	0.9	0.59	-0.33	0.43	-0.01	0.52	0.69	0.68	0.56
Cash	0.81	0.7	0.76	0.78	-0.97	-0.83	0.71		0.73	0.27	0.47	0.5	0.16	0.89	0.69	0.73	0.74	0.78	0.74	-0.21	0.61	0.37	0.52	0.79	0.7	0.7
Cash And Short Term Investments	0.97	0.44	0.46	0.99	-0.69	-0.64	0.43	0.73		0.17	0.14	0.26	0.17	0.82	0.41	1.0	0.95	0.73	0.95	-0.19	0.91	0.86	0.46	0.89	0.64	0.96
Net Receivables	0.28	0.27	0.51	0.24	-0.26	-0.43	0.38	0.27	0.17		0.16	0.31	0.01	0.45	0.45	0.21	0.29	0.35	0.29	0.24	-0.07	-0.09	0.75	0.29	0.65	0.18
Common Stock Shares Outstanding	0.28	0.39	0.52	0.23	-0.63	-0.74	0.88	0.47	0.14	0.16		0.93	-0.08	0.46	0.83	0.14	0.26	0.71	0.26	-0.21	0.23	-0.27	0.33	0.41	0.36	0.28
Non Current Liabilities Total	0.42	0.43	0.61	0.37	-0.63	-0.78	0.85	0.5	0.26	0.31	0.93		-0.13	0.56	0.89	0.28	0.38	0.79	0.38	0.09	0.3	-0.13	0.54	0.5	0.41	0.4
Other Current Assets	0.08	-0.16	-0.08	0.1	-0.13	0.0	-0.02	0.16	0.17	0.01	-0.08	-0.13		0.09	-0.11	0.16	0.01	-0.09	0.01	-0.1	0.01	0.06	-0.13	-0.02	-0.04	-0.02
Other Stockholder Equity	0.92	0.78	0.87	0.89	-0.85	-0.91	0.75	0.89	0.82	0.45	0.46	0.56	0.09		0.77	0.83	0.9	0.9	0.9	-0.13	0.71	0.49	0.71	0.94	0.87	0.85
Total Liab	0.58	0.76	0.87	0.52	-0.78	-0.95	0.93	0.69	0.41	0.45	0.83	0.89	-0.11	0.77		0.43	0.57	0.9	0.57	0.0	0.34	-0.05	0.72	0.66	0.66	0.54
Total Current Assets	0.97	0.45	0.48	0.99	-0.69	-0.64	0.43	0.73	1.0	0.21	0.14	0.28	0.16	0.83	0.43		0.95	0.74	0.95	-0.14	0.89	0.85	0.5	0.89	0.65	0.96
Property Plant And Equipment Net	0.98	0.59	0.63	0.98	-0.7	-0.77	0.59	0.74	0.95	0.29	0.26	0.38	0.01	0.9	0.57	0.95		0.85	1.0	-0.23	0.9	0.77	0.54	0.98	0.76	0.98
Non Current Assets Total	0.84	0.71	0.79	0.81	-0.84	-0.97	0.9	0.78	0.73	0.35	0.71	0.79	-0.09	0.9	0.9	0.74	0.85		0.85	-0.19	0.71	0.37	0.66	0.9	0.77	0.84
Property Plant And Equipment Gross	0.98	0.59	0.63	0.98	-0.7	-0.77	0.59	0.74	0.95	0.29	0.26	0.38	0.01	0.9	0.57	0.95	1.0	0.85		-0.23	0.9	0.77	0.54	0.98	0.76	0.98
Other Liab	-0.15	-0.04	0.04	-0.18	0.23	0.19	-0.33	-0.21	-0.19	0.24	-0.21	0.09	-0.1	-0.13	0.0	-0.14	-0.23	-0.19	-0.23		-0.37	-0.16	0.38	-0.26	-0.25	-0.23
Net Tangible Assets	0.89	0.33	0.34	0.91	-0.56	-0.56	0.43	0.61	0.91	-0.07	0.23	0.3	0.01	0.71	0.34	0.89	0.9	0.71	0.9	-0.37		0.86	0.21	0.89	0.52	0.94
Short Term Investments	0.77	0.13	0.08	0.81	-0.27	-0.21	-0.01	0.37	0.86	-0.09	-0.27	-0.13	0.06	0.49	-0.05	0.85	0.77	0.37	0.77	-0.16	0.86		0.13	0.68	0.34	0.81
Inventory	0.59	0.66	0.76	0.54	-0.52	-0.69	0.52	0.52	0.46	0.75	0.33	0.54	-0.13	0.71	0.72	0.5	0.54	0.66	0.54	0.38	0.21	0.13		0.54	0.76	0.5
Property Plant Equipment	0.96	0.63	0.71	0.95	-0.75	-0.83	0.69	0.79	0.89	0.29	0.41	0.5	-0.02	0.94	0.66	0.89	0.98	0.9	0.98	-0.26	0.89	0.68	0.54		0.8	0.95
Current Deferred Revenue	0.76	0.7	0.79	0.72	-0.66	-0.79	0.68	0.7	0.64	0.65	0.36	0.41	-0.04	0.87	0.66	0.65	0.76	0.77	0.76	-0.25	0.52	0.34	0.76	0.8		0.69
Net Invested Capital	0.97	0.53	0.55	0.98	-0.68	-0.73	0.56	0.7	0.96	0.18	0.28	0.4	-0.02	0.85	0.54	0.96	0.98	0.84	0.98	-0.23	0.94	0.81	0.5	0.95	0.69

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Purple Biotech Account Relationship Matchups

Purple Biotech fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	14.7M	83.8M	70.2M	54.6M	44.3M	32.4M
Other Current Liab	1.1M	1.7M	2.6M	4.7M	3.5M	2.2M
Total Current Liabilities	3.5M	3.1M	4.3M	7.1M	7.2M	3.7M
Total Stockholder Equity	10.4M	79.4M	64.8M	46.9M	34.2M	27.6M
Net Debt	(4.2M)	(10.4M)	(10.1M)	(14.5M)	(14.1M)	(13.4M)
Retained Earnings	(49.5M)	(77.5M)	(95.9M)	(117.6M)	(137.5M)	(130.6M)
Accounts Payable	1.2M	1.2M	1.5M	2.1M	3.5M	3.7M
Cash	4.4M	11.2M	10.9M	15.0M	14.5M	8.4M
Cash And Short Term Investments	6.4M	57.8M	47.2M	32.1M	15.4M	19.6M
Common Stock Shares Outstanding	1.9M	17.2M	17.8M	18.5M	221.3M	232.4M
Liabilities And Stockholders Equity	14.7M	83.8M	70.2M	54.6M	44.3M	32.4M
Non Current Liabilities Total	313K	953K	842K	466K	2.8M	3.0M
Other Current Assets	1.9M	977K	1.3M	1.1M	376K	357.2K
Other Stockholder Equity	56.9M	118.9M	124.0M	126.4M	133.2M	72.8M
Total Liab	3.9M	4.1M	5.1M	7.5M	10.0M	10.5M
Total Current Assets	8.3M	59.3M	48.5M	33.3M	15.8M	20.9M
Accumulated Other Comprehensive Income	3.1M	8.0M	8.8M	10.1M	38.5M	40.4M
Property Plant And Equipment Net	244K	968K	896K	682K	470K	409.3K
Non Current Assets Total	6.4M	24.5M	21.7M	21.4M	28.5M	29.9M
Property Plant And Equipment Gross	244K	968K	896K	682K	470K	409.3K
Other Liab	285K	265K	292K	145K	130.5K	124.0K
Net Tangible Assets	4.2M	58.9M	44.3M	26.2M	30.2M	24.0M
Short Term Investments	2.0M	46.6M	36.3M	17.1M	923K	876.9K
Property Plant Equipment	244K	968K	896K	682K	784.3K	451.2K
Net Invested Capital	10.4M	79.4M	64.8M	46.9M	34.2M	39.9M
Net Working Capital	4.8M	56.2M	44.2M	26.2M	8.6M	8.2M

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