Sanara Other Current Assets vs Accounts Payable Analysis
SMTI Stock | USD 35.91 0.71 1.94% |
Sanara Medtech financial indicator trend analysis is much more than just breaking down Sanara Medtech prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sanara Medtech is a good investment. Please check the relationship between Sanara Medtech Other Current Assets and its Accounts Payable accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sanara Medtech. 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. For more detail on how to invest in Sanara Stock please use our How to Invest in Sanara Medtech guide.
Other Current Assets vs Accounts Payable
Other Current Assets vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sanara Medtech Other Current Assets account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Sanara Medtech's Other Current Assets and Accounts Payable is 0.71. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Sanara Medtech, assuming nothing else is changed. The correlation between historical values of Sanara Medtech's Other Current Assets and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Sanara Medtech are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Other Current Assets i.e., Sanara Medtech's Other Current Assets and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Accounts Payable
An accounting item on the balance sheet that represents Sanara Medtech obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Sanara Medtech are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from Sanara Medtech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sanara Medtech 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 Sanara Medtech. 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. For more detail on how to invest in Sanara Stock please use our How to Invest in Sanara Medtech guide.As of now, Sanara Medtech's Selling General Administrative is increasing as compared to previous years. Tax Provision is expected to grow at the current pace this year, while Issuance Of Capital Stock is projected to decrease to under 982.1 K.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 24.1M | 45.8M | 65.0M | 68.2M | Interest Expense | 711.0 | 284.7K | 475.8K | 499.6K |
Sanara Medtech fundamental ratios Correlations
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Sanara Medtech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sanara Medtech fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 11.1M | 9.8M | 36.4M | 61.0M | 73.9M | 77.6M | |
Short Long Term Debt Total | 2.1M | 481.4K | 425.4K | 819.2K | 11.8M | 12.4M | |
Other Current Liab | 2.2M | 2.8M | 5.0M | 10.8M | 10.5M | 11.0M | |
Total Current Liabilities | 2.6M | 3.5M | 6.0M | 12.8M | 13.8M | 14.5M | |
Total Stockholder Equity | 6.6M | 6.2M | 30.6M | 41.8M | 44.8M | 47.1M | |
Property Plant And Equipment Net | 790.2K | 1.1M | 2.0M | 2.2M | 3.3M | 3.4M | |
Net Debt | (4.5M) | 26.0K | (18.2M) | (8.1M) | 6.6M | 7.0M | |
Retained Earnings | (2.7M) | (7.0M) | (15.2M) | (23.4M) | (28.0M) | (29.4M) | |
Accounts Payable | 337.5K | 494.8K | 594.0K | 1.4M | 2.0M | 2.1M | |
Cash | 6.6M | 455.4K | 18.7M | 9.0M | 5.1M | 5.4M | |
Non Current Assets Total | 2.3M | 5.3M | 11.8M | 40.4M | 54.9M | 57.6M | |
Non Currrent Assets Other | (2.3M) | (5.3M) | (11.8M) | (40.4M) | (19.0M) | (18.1M) | |
Cash And Short Term Investments | 6.6M | 455.4K | 18.7M | 9.0M | 5.1M | 5.4M | |
Net Receivables | 1.3M | 2.3M | 3.0M | 7.0M | 8.5M | 9.0M | |
Common Stock Shares Outstanding | 2.1M | 5.7M | 7.3M | 7.9M | 8.3M | 8.7M | |
Liabilities And Stockholders Equity | 11.1M | 9.8M | 36.4M | 61.0M | 73.9M | 77.6M | |
Non Current Liabilities Total | 2.1M | 446.1K | 222.2K | 6.5M | 15.5M | 16.3M | |
Other Current Assets | 161.9K | 611.8K | 917.3K | 1.1M | 608.4K | 638.8K | |
Other Stockholder Equity | (2.1M) | 13.2M | 45.9M | 65.2M | 72.9M | 76.5M | |
Total Liab | 4.7M | 4.0M | 6.2M | 19.3M | 29.3M | 30.7M | |
Total Current Assets | 8.9M | 4.5M | 24.6M | 20.6M | 19.0M | 20.0M | |
Short Term Debt | 117.5K | 251.2K | 406.6K | 627.9K | 1.3M | 762.3K | |
Common Stock | 3.6K | 6.3K | 7.7K | 8.3K | 8.5K | 8.1K | |
Inventory | 746.5K | 1.1M | 2.0M | 3.5M | 4.7M | 5.0M | |
Common Stock Total Equity | 236.6K | 3.6K | 6.3K | 8.3K | 9.5K | 9.1K | |
Property Plant And Equipment Gross | 790.2K | 1.1M | 2.4M | 3.0M | 4.4M | 4.7M | |
Intangible Assets | 1.5M | 3.1M | 4.7M | 31.5M | 44.9M | 47.2M | |
Net Tangible Assets | (6.2M) | 3.1M | 25.9M | 6.7M | 7.7M | 8.1M | |
Property Plant Equipment | 790.2K | 1.1M | 2.0M | 1.4M | 1.6M | 1.7M | |
Net Invested Capital | (3.3M) | 6.2M | 30.6M | 41.8M | 54.5M | 57.3M | |
Net Working Capital | 6.2M | 942.4K | 18.6M | 7.8M | 5.2M | 6.2M | |
Capital Stock | 11.4M | 6.3K | 7.7K | 8.3K | 8.5K | 8.1K |
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When determining whether Sanara Medtech offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sanara Medtech'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 Sanara Medtech Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sanara Medtech Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sanara Medtech. 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. For more detail on how to invest in Sanara Stock please use our How to Invest in Sanara Medtech guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Is Health Care Equipment & Supplies 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 Sanara Medtech. If investors know Sanara 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 Sanara Medtech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.99) | Revenue Per Share 9.241 | Quarterly Revenue Growth 0.352 | Return On Assets (0.05) | Return On Equity (0.20) |
The market value of Sanara Medtech is measured differently than its book value, which is the value of Sanara that is recorded on the company's balance sheet. Investors also form their own opinion of Sanara Medtech's value that differs from its market value or its book value, called intrinsic value, which is Sanara Medtech'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 Sanara Medtech's market value can be influenced by many factors that don't directly affect Sanara Medtech'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 Sanara Medtech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sanara Medtech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sanara Medtech'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.