Socket Total Operating Expenses vs Cost Of Revenue Analysis

SCKT Stock  USD 1.45  0.01  0.69%   
Socket Mobile financial indicator trend analysis is much more than just breaking down Socket Mobile prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Socket Mobile is a good investment. Please check the relationship between Socket Mobile Total Operating Expenses and its Cost Of Revenue accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Socket Mobile. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
For more information on how to buy Socket Stock please use our How to Invest in Socket Mobile guide.

Total Operating Expenses vs Cost Of Revenue

Total Operating Expenses vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Socket Mobile Total Operating Expenses account and Cost Of Revenue. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Socket Mobile's Total Operating Expenses and Cost Of Revenue is 0.57. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Socket Mobile, assuming nothing else is changed. The correlation between historical values of Socket Mobile's Total Operating Expenses and Cost Of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Operating Expenses of Socket Mobile are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Total Operating Expenses i.e., Socket Mobile's Total Operating Expenses and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

0.57
Relationship DirectionPositive 
Relationship StrengthWeak

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Cost Of Revenue

Cost of Revenue is found on Socket Mobile income statement and represents the costs associated with goods and services Socket Mobile provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from Socket Mobile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Socket Mobile 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 Socket Mobile. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
For more information on how to buy Socket Stock please use our How to Invest in Socket Mobile guide.Selling General Administrative is likely to drop to about 2.6 M in 2024. Tax Provision is likely to drop to about (726.6 K) in 2024
 2021 2022 2023 2024 (projected)
Gross Profit12.4M10.4M8.5M8.6M
Total Revenue23.2M21.2M17.0M17.8M

Socket Mobile fundamental ratios Correlations

0.460.59-0.230.60.63-0.18-0.08-0.480.760.870.760.570.810.620.830.770.650.170.920.190.570.55-0.450.180.54
0.460.520.270.390.950.660.02-0.170.240.660.24-0.10.120.860.770.770.440.020.410.880.250.94-0.210.48-0.09
0.590.52-0.170.880.62-0.020.24-0.490.60.50.60.380.240.60.760.780.87-0.350.730.380.640.55-0.40.340.46
-0.230.27-0.17-0.490.070.48-0.530.81-0.32-0.1-0.32-0.25-0.06-0.05-0.09-0.18-0.240.26-0.280.37-0.570.170.66-0.29-0.66
0.60.390.88-0.490.55-0.140.4-0.730.60.530.60.340.20.50.70.780.83-0.480.690.240.830.49-0.650.460.62
0.630.950.620.070.550.490.06-0.340.40.80.40.090.240.90.870.890.620.020.580.740.420.98-0.280.570.05
-0.180.66-0.020.48-0.140.49-0.030.18-0.570.14-0.57-0.4-0.390.430.080.14-0.150.15-0.350.61-0.150.530.20.14-0.51
-0.080.020.24-0.530.40.06-0.03-0.680.06-0.10.06-0.33-0.5-0.07-0.040.030.02-0.24-0.040.050.530.03-0.480.240.08
-0.48-0.17-0.490.81-0.73-0.340.18-0.68-0.43-0.36-0.43-0.17-0.1-0.36-0.41-0.48-0.450.21-0.48-0.01-0.71-0.260.65-0.31-0.52
0.760.240.6-0.320.60.4-0.570.06-0.430.531.00.390.670.390.740.660.67-0.170.930.160.460.33-0.50.260.59
0.870.660.5-0.10.530.80.14-0.1-0.360.530.530.510.590.690.840.790.570.280.710.390.560.78-0.360.520.27
0.760.240.6-0.320.60.4-0.570.06-0.431.00.530.390.670.390.740.660.67-0.170.930.160.460.33-0.50.260.59
0.57-0.10.38-0.250.340.09-0.4-0.33-0.170.390.510.390.620.180.360.290.470.240.54-0.40.260.030.020.170.48
0.810.120.24-0.060.20.24-0.39-0.5-0.10.670.590.670.620.360.580.420.380.250.78-0.050.130.17-0.19-0.130.52
0.620.860.6-0.050.50.90.43-0.07-0.360.390.690.390.180.360.840.870.6-0.030.610.620.320.8-0.310.410.26
0.830.770.76-0.090.70.870.08-0.04-0.410.740.840.740.360.580.840.940.78-0.070.880.60.530.81-0.460.50.41
0.770.770.78-0.180.780.890.140.03-0.480.660.790.660.290.420.870.940.82-0.230.80.550.590.83-0.510.540.43
0.650.440.87-0.240.830.62-0.150.02-0.450.670.570.670.470.380.60.780.82-0.340.780.280.590.55-0.380.410.5
0.170.02-0.350.26-0.480.020.15-0.240.21-0.170.28-0.170.240.25-0.03-0.07-0.23-0.34-0.08-0.06-0.150.050.44-0.16-0.46
0.920.410.73-0.280.690.58-0.35-0.04-0.480.930.710.930.540.780.610.880.80.78-0.080.220.530.48-0.490.240.64
0.190.880.380.370.240.740.610.05-0.010.160.390.16-0.4-0.050.620.60.550.28-0.060.220.160.78-0.190.39-0.26
0.570.250.64-0.570.830.42-0.150.53-0.710.460.560.460.260.130.320.530.590.59-0.150.530.160.36-0.740.40.52
0.550.940.550.170.490.980.530.03-0.260.330.780.330.030.170.80.810.830.550.050.480.780.36-0.20.6-0.1
-0.45-0.21-0.40.66-0.65-0.280.2-0.480.65-0.5-0.36-0.50.02-0.19-0.31-0.46-0.51-0.380.44-0.49-0.19-0.74-0.2-0.36-0.72
0.180.480.34-0.290.460.570.140.24-0.310.260.520.260.17-0.130.410.50.540.41-0.160.240.390.40.6-0.360.07
0.54-0.090.46-0.660.620.05-0.510.08-0.520.590.270.590.480.520.260.410.430.5-0.460.64-0.260.52-0.1-0.720.07
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Socket Mobile Account Relationship Matchups

Socket Mobile fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets19.5M15.1M25.6M28.6M28.7M17.1M
Short Long Term Debt Total2.9M2.2M2.2M5.2M6.3M6.6M
Other Current Liab574.2K375.5K693.0K742.5K580.0K609.0K
Total Current Liabilities4.7M2.2M4.6M4.4M6.5M5.7M
Total Stockholder Equity13.2M10.6M20.0M20.3M19.4M20.4M
Property Plant And Equipment Net1.8M1.5M1.3M5.2M6.1M6.4M
Net Debt1.9M61K(3.9M)1.6M3.5M3.6M
Retained Earnings(47.8M)(51.1M)(46.1M)(46.0M)(47.9M)(50.3M)
Accounts Payable2.1M1.4M2.2M1.7M1.6M2.6M
Cash959K2.1M6.1M3.6M2.8M2.2M
Non Current Assets Total11.9M7.1M11.2M15.8M18.0M18.9M
Cash And Short Term Investments959K2.1M6.1M3.6M2.8M2.2M
Net Receivables2.8M2.1M2.6M2.7M1.7M2.4M
Common Stock Shares Outstanding6.2M6.0M8.9M7.5M7.2M4.4M
Liabilities And Stockholders Equity19.5M15.1M25.6M28.6M28.7M30.2M
Non Current Liabilities Total1.5M2.2M915K3.9M2.8M3.0M
Inventory3.2M3.2M5.2M5.6M5.5M5.8M
Other Current Assets312K411.5K422.5K687.0K639.6K671.6K
Other Stockholder Equity63.7M61.7M66.1M66.3M67.3M70.7M
Total Liab6.2M4.4M5.5M8.3M9.3M7.2M
Total Current Assets7.5M7.9M14.4M12.8M10.7M8.0M
Short Term Debt1.4M1.9M2.1M1.9M3.5M3.6M
Non Currrent Assets Other202K159K140K250K249.7K262.2K
Property Plant And Equipment Gross1.8M847.7K1.3M5.2M9.4M9.9M
Current Deferred Revenue611K451K407K629K845.6K803.3K
Common Stock Total Equity7.0K5.9K6.0K6.1K5.5K10.6K
Common Stock61.1M61.7M66.1M67.2M7.3K7.0K
Other Assets5.7M6.3M8.1M8.9M(322.6K)(306.5K)
Long Term Debt333K1.4M625K125K143.8K235.4K
Property Plant Equipment1.8M1.5M1.3M5.2M6.0M6.3M
Other Liab40.7K28.8K32K34K30.6K29.1K
Retained Earnings Total Equity(47.6M)(48.1M)(47.8M)(51.1M)(46.0M)(48.3M)
Deferred Long Term Liab25.6K31.3K40.7K28.8K25.9K24.6K
Net Tangible Assets8.8M10.6M18.2M18.6M21.4M22.5M
Capital Surpluse64.8M60.5M61.1M61.7M55.6M49.6M
Non Current Liabilities Other271.4K205.9K715.1K258.1K296.8K360.7K
Accumulated Depreciation(2.2M)(2.5M)(2.7M)(2.9M)(3.3M)(3.4M)

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Additional Tools for Socket Stock Analysis

When running Socket Mobile's price analysis, check to measure Socket Mobile's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Socket Mobile is operating at the current time. Most of Socket Mobile's value examination focuses on studying past and present price action to predict the probability of Socket Mobile's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Socket Mobile's price. Additionally, you may evaluate how the addition of Socket Mobile to your portfolios can decrease your overall portfolio volatility.