Sagimet Retained Earnings vs Net Tangible Assets Analysis

SGMT Stock

5.36 0.33 5.80%

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

Retained Earnings vs Net Tangible Assets

Retained Earnings vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sagimet Biosciences Retained Earnings account and Net Tangible Assets. At this time, the significance of the direction appears to have very week relationship.

The correlation between Sagimet Biosciences' Retained Earnings and Net Tangible Assets is 0.25. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Sagimet Biosciences Series, assuming nothing else is changed. The correlation between historical values of Sagimet Biosciences' Retained Earnings and Net Tangible 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 Retained Earnings of Sagimet Biosciences Series are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Retained Earnings i.e., Sagimet Biosciences' Retained Earnings and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.25

Relationship Direction	Positive
Relationship Strength	Very Weak

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

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

At this time, Sagimet Biosciences' Issuance Of Capital Stock is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 0.63 in 2024, despite the fact that Enterprise Value is likely to grow to (17.5 M).

	2021	2022	2023	2024 (projected)
Interest Income	26K	553K	1.7M	1.8M
Net Interest Income	26K	553K	1.7M	1.8M

Interest Income Net Interest Income

Sagimet Biosciences fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets	Capital Stock	Net Working Capital
Total Assets		-0.82	0.77	0.65	0.61	-0.38	-0.81	-0.93	-0.78	-0.94	0.94	-0.8	-0.58	-0.58	1.0	-0.75	-0.31	-0.82	0.79	0.9	-0.3	0.61	-0.81	1.0	0.74	1.0
Short Long Term Debt Total	-0.82		-0.85	-0.8	-0.81	0.16	1.0	0.75	0.92	0.9	-0.66	1.0	0.84	0.84	-0.82	0.85	0.61	1.0	-0.53	-0.7	0.6	-0.81	1.0	-0.82	-0.78	-0.81
Other Current Liab	0.77	-0.85		0.98	0.6	-0.19	-0.83	-0.54	-0.9	-0.69	0.52	-0.83	-0.58	-0.58	0.77	-0.8	-0.41	-0.85	0.67	0.45	-0.39	0.6	-0.83	0.77	0.8	0.75
Total Current Liabilities	0.65	-0.8	0.98		0.54	-0.16	-0.77	-0.4	-0.88	-0.58	0.37	-0.77	-0.55	-0.55	0.65	-0.74	-0.39	-0.8	0.59	0.3	-0.37	0.54	-0.77	0.65	0.74	0.62
Total Stockholder Equity	0.61	-0.81	0.6	0.54		0.34	-0.82	-0.68	-0.74	-0.8	0.57	-0.84	-0.92	-0.92	0.61	-0.93	-0.94	-0.81	0.5	0.61	-0.93	1.0	-0.82	0.61	0.85	0.61
Net Tangible Assets	-0.38	0.16	-0.19	-0.16	0.34		0.13	0.31	0.25	0.25	-0.32	0.1	-0.09	-0.09	-0.39	-0.25	-0.64	0.16	-0.26	-0.35	-0.65	0.34	0.13	-0.38	0.29	-0.39
Property Plant And Equipment Net	-0.81	1.0	-0.83	-0.77	-0.82	0.13		0.75	0.89	0.89	-0.66	1.0	0.84	0.84	-0.81	0.85	0.63	1.0	-0.48	-0.7	0.61	-0.82	1.0	-0.81	-0.78	-0.79
Net Debt	-0.93	0.75	-0.54	-0.4	-0.68	0.31	0.75		0.68	0.96	-0.97	0.75	0.67	0.67	-0.93	0.69	0.4	0.75	-0.72	-0.99	0.39	-0.68	0.75	-0.93	-0.64	-0.94
Retained Earnings	-0.78	0.92	-0.9	-0.88	-0.74	0.25	0.89	0.68		0.83	-0.58	0.9	0.84	0.84	-0.78	0.8	0.53	0.92	-0.72	-0.6	0.52	-0.74	0.89	-0.78	-0.73	-0.76
Accounts Payable	-0.94	0.9	-0.69	-0.58	-0.8	0.25	0.89	0.96	0.83		-0.9	0.89	0.8	0.8	-0.94	0.81	0.53	0.9	-0.7	-0.93	0.52	-0.8	0.89	-0.94	-0.74	-0.94
Cash	0.94	-0.66	0.52	0.37	0.57	-0.32	-0.66	-0.97	-0.58	-0.9		-0.66	-0.5	-0.5	0.94	-0.65	-0.28	-0.66	0.73	0.97	-0.28	0.57	-0.66	0.94	0.64	0.95
Non Current Assets Total	-0.8	1.0	-0.83	-0.77	-0.84	0.1	1.0	0.75	0.9	0.89	-0.66		0.86	0.86	-0.81	0.86	0.65	1.0	-0.5	-0.7	0.64	-0.84	1.0	-0.8	-0.79	-0.79
Non Currrent Assets Other	-0.58	0.84	-0.58	-0.55	-0.92	-0.09	0.84	0.67	0.84	0.8	-0.5	0.86		1.0	-0.58	0.79	0.81	0.84	-0.49	-0.61	0.81	-0.92	0.84	-0.58	-0.66	-0.57
Other Assets	-0.58	0.84	-0.58	-0.55	-0.92	-0.09	0.84	0.67	0.84	0.8	-0.5	0.86	1.0		-0.58	0.79	0.81	0.84	-0.49	-0.61	0.81	-0.92	0.84	-0.58	-0.66	-0.57
Cash And Short Term Investments	1.0	-0.82	0.77	0.65	0.61	-0.39	-0.81	-0.93	-0.78	-0.94	0.94	-0.81	-0.58	-0.58		-0.75	-0.31	-0.82	0.78	0.9	-0.3	0.61	-0.81	1.0	0.74	1.0
Common Stock Shares Outstanding	-0.75	0.85	-0.8	-0.74	-0.93	-0.25	0.85	0.69	0.8	0.81	-0.65	0.86	0.79	0.79	-0.75		0.82	0.85	-0.66	-0.61	0.81	-0.93	0.85	-0.75	-0.98	-0.74
Non Current Liabilities Total	-0.31	0.61	-0.41	-0.39	-0.94	-0.64	0.63	0.4	0.53	0.53	-0.28	0.65	0.81	0.81	-0.31	0.82		0.61	-0.28	-0.33	1.0	-0.94	0.63	-0.31	-0.76	-0.31
Capital Lease Obligations	-0.82	1.0	-0.85	-0.8	-0.81	0.16	1.0	0.75	0.92	0.9	-0.66	1.0	0.84	0.84	-0.82	0.85	0.61		-0.53	-0.7	0.6	-0.81	1.0	-0.82	-0.78	-0.81
Other Current Assets	0.79	-0.53	0.67	0.59	0.5	-0.26	-0.48	-0.72	-0.72	-0.7	0.73	-0.5	-0.49	-0.49	0.78	-0.66	-0.28	-0.53		0.64	-0.27	0.5	-0.48	0.79	0.65	0.78
Other Stockholder Equity	0.9	-0.7	0.45	0.3	0.61	-0.35	-0.7	-0.99	-0.6	-0.93	0.97	-0.7	-0.61	-0.61	0.9	-0.61	-0.33	-0.7	0.64		-0.32	0.61	-0.7	0.9	0.55	0.91
Total Liab	-0.3	0.6	-0.39	-0.37	-0.93	-0.65	0.61	0.39	0.52	0.52	-0.28	0.64	0.81	0.81	-0.3	0.81	1.0	0.6	-0.27	-0.32		-0.93	0.61	-0.3	-0.75	-0.29
Net Invested Capital	0.61	-0.81	0.6	0.54	1.0	0.34	-0.82	-0.68	-0.74	-0.8	0.57	-0.84	-0.92	-0.92	0.61	-0.93	-0.94	-0.81	0.5	0.61	-0.93		-0.82	0.61	0.85	0.61
Property Plant And Equipment Gross	-0.81	1.0	-0.83	-0.77	-0.82	0.13	1.0	0.75	0.89	0.89	-0.66	1.0	0.84	0.84	-0.81	0.85	0.63	1.0	-0.48	-0.7	0.61	-0.82		-0.81	-0.78	-0.79
Total Current Assets	1.0	-0.82	0.77	0.65	0.61	-0.38	-0.81	-0.93	-0.78	-0.94	0.94	-0.8	-0.58	-0.58	1.0	-0.75	-0.31	-0.82	0.79	0.9	-0.3	0.61	-0.81		0.74	1.0
Capital Stock	0.74	-0.78	0.8	0.74	0.85	0.29	-0.78	-0.64	-0.73	-0.74	0.64	-0.79	-0.66	-0.66	0.74	-0.98	-0.76	-0.78	0.65	0.55	-0.75	0.85	-0.78	0.74		0.73
Net Working Capital	1.0	-0.81	0.75	0.62	0.61	-0.39	-0.79	-0.94	-0.76	-0.94	0.95	-0.79	-0.57	-0.57	1.0	-0.74	-0.31	-0.81	0.78	0.91	-0.29	0.61	-0.79	1.0	0.73

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Sagimet Retained Earnings vs Net Tangible Assets Analysis

Retained Earnings vs Net Tangible Assets

Retained Earnings vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Retained Earnings

Net Tangible Assets

Sagimet Biosciences fundamental ratios Correlations

Sagimet Biosciences Account Relationship Matchups

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Cash And Short Term Investments	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Net Working Capital	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Short Long Term Debt Total
Capital Lease Obligations	+ 1.0	Short Long Term Debt Total

Other Stockholder Equity	- 0.99	Net Debt
Capital Stock	- 0.98	Common Stock Shares Outstanding
Cash	- 0.97	Net Debt
Net Invested Capital	- 0.94	Non Current Liabilities Total
Net Working Capital	- 0.94	Accounts Payable
Total Current Assets	- 0.94	Accounts Payable