SXTPW Accounts Payable vs Net Receivables Analysis
| SXTPW Stock | 0.03 0.01 24.49% |
60 Degrees financial indicator trend analysis is way more than just evaluating 60 Degrees Pharmaceu prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 60 Degrees Pharmaceu is a good investment. Please check the relationship between 60 Degrees Accounts Payable and its Net Receivables accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in 60 Degrees Pharmaceuticals,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
Accounts Payable vs Net Receivables
Accounts Payable vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 60 Degrees Pharmaceu Accounts Payable account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.
The correlation between 60 Degrees' Accounts Payable and Net Receivables is 0.97. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Receivables in the same time period over historical financial statements of 60 Degrees Pharmaceuticals,, assuming nothing else is changed. The correlation between historical values of 60 Degrees' Accounts Payable and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of 60 Degrees Pharmaceuticals, are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Accounts Payable i.e., 60 Degrees' Accounts Payable and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.97 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Accounts Payable
An accounting item on the balance sheet that represents 60 Degrees 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 60 Degrees Pharmaceu 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.Net Receivables
Most indicators from 60 Degrees' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 60 Degrees Pharmaceu 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 60 Degrees Pharmaceuticals,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. Tax Provision is likely to drop to 237.50 in 2024. Selling General Administrative is likely to drop to about 2.2 M in 2024
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 2.3M | 2.0M | 5.4M | 3.4M | Cost Of Revenue | 850.7K | 432.4K | 474.6K | 492.1K |
60 Degrees fundamental ratios Correlations
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60 Degrees Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running 60 Degrees' price analysis, check to measure 60 Degrees' 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 60 Degrees is operating at the current time. Most of 60 Degrees' value examination focuses on studying past and present price action to predict the probability of 60 Degrees' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 60 Degrees' price. Additionally, you may evaluate how the addition of 60 Degrees to your portfolios can decrease your overall portfolio volatility.