Sonos Net Income vs Investments Analysis

SONO Stock

USD 15.02 0.11 0.74%

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

Net Income vs Investments

Net Income vs Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sonos Inc Net Income account and Investments. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Sonos' Net Income and Investments is -0.18. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Investments in the same time period over historical financial statements of Sonos Inc, assuming nothing else is changed. The correlation between historical values of Sonos' Net Income and 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 Net Income of Sonos Inc are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Net Income i.e., Sonos' Net Income and Investments go up and down completely randomly.

Correlation Coefficient

-0.18

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Sonos Inc financial statement analysis. It represents the amount of money remaining after all of Sonos Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

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

At this time, Sonos' Selling General Administrative is very stable compared to the past year. As of the 29th of December 2024, Tax Provision is likely to grow to about 11.5 M, while Enterprise Value Over EBITDA is likely to drop 27.44.

	2021	2022	2023	2024 (projected)
Gross Profit	796.4M	716.5M	689.4M	587.0M
Total Revenue	1.8B	1.7B	1.5B	1.3B

Gross Profit Total Revenue

Sonos fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Good Will	Common Stock Total Equity	Retained Earnings Total Equity	Short Term Investments	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Treasury Stock	Short Term Debt	Intangible Assets
Total Assets		0.97	0.97	0.98	0.89	0.94	0.7	0.9	0.79	0.81	-0.53	0.75	0.7	0.9	0.57	0.26	0.89	0.76	0.89	0.96	0.41	-0.83	0.97	-0.94	-0.49	0.72
Other Current Liab	0.97		0.95	0.96	0.86	0.95	0.62	0.87	0.84	0.76	-0.53	0.79	0.61	0.91	0.5	0.27	0.81	0.69	0.86	0.92	0.34	-0.88	0.97	-0.89	-0.57	0.63
Total Current Liabilities	0.97	0.95		0.92	0.82	0.9	0.56	0.97	0.82	0.69	-0.45	0.83	0.59	0.87	0.44	0.2	0.87	0.74	0.87	0.98	0.32	-0.81	0.98	-0.85	-0.43	0.61
Total Stockholder Equity	0.98	0.96	0.92		0.88	0.93	0.77	0.83	0.74	0.84	-0.64	0.72	0.73	0.88	0.63	0.26	0.87	0.76	0.85	0.88	0.45	-0.86	0.93	-0.94	-0.61	0.74
Other Liab	0.89	0.86	0.82	0.88		0.85	0.7	0.76	0.52	0.8	-0.48	0.46	0.77	0.9	0.6	0.41	0.83	0.74	0.81	0.84	0.49	-0.75	0.79	-0.88	-0.42	0.78
Net Tangible Assets	0.94	0.95	0.9	0.93	0.85		0.7	0.81	0.77	0.88	-0.46	0.68	0.75	0.88	0.61	0.5	0.79	0.77	0.83	0.9	0.37	-0.85	0.92	-0.94	-0.56	0.77
Retained Earnings	0.7	0.62	0.56	0.77	0.7	0.7		0.45	0.27	0.92	-0.49	0.37	0.89	0.57	0.86	0.45	0.71	0.82	0.59	0.57	0.55	-0.47	0.56	-0.87	-0.4	0.87
Accounts Payable	0.9	0.87	0.97	0.83	0.76	0.81	0.45		0.72	0.58	-0.39	0.8	0.55	0.82	0.34	0.15	0.89	0.71	0.78	0.94	0.3	-0.8	0.92	-0.75	-0.44	0.56
Cash	0.79	0.84	0.82	0.74	0.52	0.77	0.27	0.72		0.47	-0.4	0.76	0.22	0.67	0.19	0.04	0.49	0.38	0.75	0.8	0.05	-0.67	0.89	-0.65	-0.35	0.26
Other Assets	0.81	0.76	0.69	0.84	0.8	0.88	0.92	0.58	0.47		-0.5	0.4	0.93	0.72	0.82	0.65	0.72	0.88	0.71	0.71	0.5	-0.63	0.69	-0.95	-0.47	0.94
Long Term Debt	-0.53	-0.53	-0.45	-0.64	-0.48	-0.46	-0.49	-0.39	-0.4	-0.5		-0.28	-0.42	-0.43	-0.41	-0.05	-0.39	-0.42	-0.58	-0.34	-0.41	0.62	-0.46	0.49	0.71	-0.44
Net Receivables	0.75	0.79	0.83	0.72	0.46	0.68	0.37	0.8	0.76	0.4	-0.28		0.26	0.6	0.24	-0.1	0.7	0.49	0.62	0.75	0.14	-0.65	0.85	-0.58	-0.42	0.26
Good Will	0.7	0.61	0.59	0.73	0.77	0.75	0.89	0.55	0.22	0.93	-0.42	0.26		0.66	0.8	0.68	0.76	0.87	0.61	0.63	0.57	-0.57	0.55	-0.86	-0.44	1.0
Common Stock Total Equity	0.9	0.91	0.87	0.88	0.9	0.88	0.57	0.82	0.67	0.72	-0.43	0.6	0.66		0.32	0.35	0.8	0.66	0.79	0.87	0.12	-0.83	0.86	-0.84	-0.5	0.67
Retained Earnings Total Equity	0.57	0.5	0.44	0.63	0.6	0.61	0.86	0.34	0.19	0.82	-0.41	0.24	0.8	0.32		0.51	0.56	0.73	0.47	0.45	0.85	-0.41	0.43	-0.74	-0.38	0.79
Short Term Investments	0.26	0.27	0.2	0.26	0.41	0.5	0.45	0.15	0.04	0.65	-0.05	-0.1	0.68	0.35	0.51		0.18	0.61	0.24	0.25	0.25	-0.28	0.15	-0.46	-0.25	0.71
Inventory	0.89	0.81	0.87	0.87	0.83	0.79	0.71	0.89	0.49	0.72	-0.39	0.7	0.76	0.8	0.56	0.18		0.78	0.73	0.87	0.48	-0.73	0.83	-0.84	-0.43	0.75
Other Current Assets	0.76	0.69	0.74	0.76	0.74	0.77	0.82	0.71	0.38	0.88	-0.42	0.49	0.87	0.66	0.73	0.61	0.78		0.66	0.73	0.49	-0.58	0.67	-0.83	-0.4	0.88
Other Stockholder Equity	0.89	0.86	0.87	0.85	0.81	0.83	0.59	0.78	0.75	0.71	-0.58	0.62	0.61	0.79	0.47	0.24	0.73	0.66		0.89	0.38	-0.64	0.87	-0.84	-0.3	0.63
Total Liab	0.96	0.92	0.98	0.88	0.84	0.9	0.57	0.94	0.8	0.71	-0.34	0.75	0.63	0.87	0.45	0.25	0.87	0.73	0.89		0.32	-0.73	0.96	-0.88	-0.3	0.65
Deferred Long Term Liab	0.41	0.34	0.32	0.45	0.49	0.37	0.55	0.3	0.05	0.5	-0.41	0.14	0.57	0.12	0.85	0.25	0.48	0.49	0.38	0.32		-0.33	0.29	-0.47	-0.32	0.55
Short Long Term Debt	-0.83	-0.88	-0.81	-0.86	-0.75	-0.85	-0.47	-0.8	-0.67	-0.63	0.62	-0.65	-0.57	-0.83	-0.41	-0.28	-0.73	-0.58	-0.64	-0.73	-0.33		-0.82	0.72	0.84	-0.58
Total Current Assets	0.97	0.97	0.98	0.93	0.79	0.92	0.56	0.92	0.89	0.69	-0.46	0.85	0.55	0.86	0.43	0.15	0.83	0.67	0.87	0.96	0.29	-0.82		-0.86	-0.46	0.56
Treasury Stock	-0.94	-0.89	-0.85	-0.94	-0.88	-0.94	-0.87	-0.75	-0.65	-0.95	0.49	-0.58	-0.86	-0.84	-0.74	-0.46	-0.84	-0.83	-0.84	-0.88	-0.47	0.72	-0.86		0.44	-0.87
Short Term Debt	-0.49	-0.57	-0.43	-0.61	-0.42	-0.56	-0.4	-0.44	-0.35	-0.47	0.71	-0.42	-0.44	-0.5	-0.38	-0.25	-0.43	-0.4	-0.3	-0.3	-0.32	0.84	-0.46	0.44		-0.44
Intangible Assets	0.72	0.63	0.61	0.74	0.78	0.77	0.87	0.56	0.26	0.94	-0.44	0.26	1.0	0.67	0.79	0.71	0.75	0.88	0.63	0.65	0.55	-0.58	0.56	-0.87	-0.44

Click cells to compare fundamentals

Sonos Account Relationship Matchups

Sonos fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	816.1M	1.1B	1.2B	1.0B	916.3M	769.8M
Other Current Liab	103.6M	197.6M	155.0M	133.5M	142.2M	96.5M
Total Current Liabilities	393.0M	476.1M	535.6M	354.2M	366.2M	340.0M
Total Stockholder Equity	297.8M	569.0M	560.5M	518.7M	428.6M	314.8M
Other Liab	53.4M	56.6M	59.7M	66.6M	76.6M	50.8M
Net Tangible Assets	279.9M	255.9M	529.0M	392.1M	451.0M	473.5M
Retained Earnings	(228.5M)	(69.9M)	(2.5M)	(12.8M)	(50.9M)	(53.5M)
Accounts Payable	250.3M	215.0M	335.8M	188.0M	194.6M	191.2M
Cash	407.1M	640.1M	274.9M	220.2M	169.7M	276.1M
Other Assets	3.3M	10.6M	36.1M	38.1M	43.9M	46.0M
Net Receivables	54.9M	100.8M	101.2M	67.6M	44.5M	68.3M
Common Stock Total Equity	110K	114K	129K	130K	149.5K	96.0K
Inventory	180.8M	185.1M	454.3M	346.5M	231.5M	206.9M
Other Current Assets	17.5M	31.5M	74.1M	25.3M	53.9M	56.6M
Other Stockholder Equity	528.1M	640.2M	566.5M	534.8M	481.1M	340.1M
Total Liab	518.2M	569.8M	627.9M	483.6M	487.7M	464.8M
Total Current Assets	660.4M	957.5M	867.4M	659.6M	551.1M	575.9M
Accumulated Other Comprehensive Income	(1.9M)	(1.4M)	(3.6M)	(3.4M)	(1.7M)	(1.8M)
Treasury Stock	(13.5M)	(20.9M)	(50.3M)	(50.9M)	(45.8M)	(43.5M)
Short Term Debt	17.6M	10.7M	10.5M	1.2M	7.6M	7.2M
Intangible Assets	26.4M	24.5M	91.1M	90.0M	103.4M	108.5M
Common Stock	110K	114K	129K	130K	123K	97.8K
Property Plant Equipment	78.1M	60.8M	71.3M	114.5M	131.7M	85.0M
Common Stock Shares Outstanding	109.8M	140.3M	137.8M	127.7M	123.2M	116.3M
Short Long Term Debt Total	86.2M	44.7M	36.1M	56.1M	64.1M	45.7M
Property Plant And Equipment Net	103.1M	105.2M	114.5M	136.0M	152.3M	117.4M
Current Deferred Revenue	15.3M	35.9M	27.3M	20.2M	21.8M	20.0M
Net Debt	(320.9M)	(595.4M)	(238.7M)	(164.1M)	(105.6M)	(110.9M)
Non Current Assets Total	155.7M	181.3M	321.0M	342.6M	365.2M	201.0M
Non Currrent Assets Other	8.8M	26.1M	36.6M	16.5M	16.4M	13.0M
Cash And Short Term Investments	407.1M	640.1M	274.9M	220.2M	221.2M	286.4M
Liabilities And Stockholders Equity	816.1M	1.1B	1.2B	1.0B	916.3M	866.5M
Non Current Liabilities Total	125.2M	93.6M	92.2M	129.4M	121.5M	97.0M
Property Plant And Equipment Gross	103.1M	265.3M	114.5M	136.0M	330.4M	346.9M

Pair Trading with Sonos

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sonos position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sonos will appreciate offsetting losses from the drop in the long position's value.

Moving together with Sonos Stock

0.83	AS	Amer Sports,	Pair Corr
0.89	RL	Ralph Lauren Corp	Pair Corr

Moving against Sonos Stock

0.85	VMAR	Vision Marine Techno	Pair Corr
0.85	EZGO	EZGO Technologies	Pair Corr
0.85	DHI	DR Horton	Pair Corr
0.84	FEBO	Fenbo Holdings Tech Boost	Pair Corr
0.83	WLDS	Wearable Devices	Pair Corr

The ability to find closely correlated positions to Sonos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sonos when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sonos - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sonos Inc to buy it.

The correlation of Sonos is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sonos moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sonos Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Sonos can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Sonos Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sonos' 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 Sonos Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sonos Inc Stock:

How To Invest In Sonos

Details

Is Sonos Stock a good investment?

Details

What is Sonos' Net Worth?

Details

Largest Consumer Electronics Companies

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Largest Consumer Durables & Apparel Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sonos Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Is Consumer Electronics 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 Sonos. If investors know Sonos 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 Sonos listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.123

Earnings Share

(0.31)

Revenue Per Share

12.32

Quarterly Revenue Growth

(0.16)

Return On Assets

(0.03)

The market value of Sonos Inc is measured differently than its book value, which is the value of Sonos that is recorded on the company's balance sheet. Investors also form their own opinion of Sonos' value that differs from its market value or its book value, called intrinsic value, which is Sonos' 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 Sonos' market value can be influenced by many factors that don't directly affect Sonos' 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 Sonos' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sonos is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sonos' 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.

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Sonos Net Income vs Investments Analysis

Net Income vs Investments

Net Income vs Investments Correlation Analysis

Correlation Coefficient

Net Income

Investments

Sonos fundamental ratios Correlations

Sonos Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sonos fundamental ratios Accounts

Pair Trading with Sonos

Moving together with Sonos Stock

Moving against Sonos Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Intangible Assets	+ 1.0	Good Will
Total Stockholder Equity	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Current Liabilities
Total Current Assets	+ 0.98	Total Current Liabilities
Other Current Liab	+ 0.97	Total Assets
Total Current Liabilities	+ 0.97	Total Assets

Treasury Stock	- 0.95	Other Assets
Treasury Stock	- 0.94	Net Tangible Assets
Treasury Stock	- 0.94	Total Stockholder Equity
Treasury Stock	- 0.94	Total Assets
Treasury Stock	- 0.89	Other Current Liab
Treasury Stock	- 0.88	Total Liab