SXTPW Other Current Liab vs Accounts Payable Analysis

SXTPW Stock   0.04  0.01  30.43%   
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 Other Current Liab and its Accounts Payable 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.

Other Current Liab vs Accounts Payable

Other Current Liab vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 60 Degrees Pharmaceu Other Current Liab account and Accounts Payable. At this time, the significance of the direction appears to have pay attention.
The correlation between 60 Degrees' Other Current Liab and Accounts Payable is -0.81. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Accounts Payable 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' Other Current Liab 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 Liab of 60 Degrees Pharmaceuticals, 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 Liab i.e., 60 Degrees' Other Current Liab and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.81
Relationship DirectionNegative 
Relationship StrengthSignificant

Other Current Liab

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.
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 Expenses2.3M2.0M5.4M3.4M
Cost Of Revenue850.7K432.4K474.6K492.1K

60 Degrees fundamental ratios Correlations

0.81-0.170.99-0.190.62-0.75-0.530.970.82-0.71-0.350.9-0.7-0.560.98-0.98-0.920.651.00.890.440.69-0.98
0.810.420.8-0.520.91-0.98-0.810.910.82-0.98-0.760.82-0.98-0.90.89-0.8-0.760.750.80.81-0.150.93-0.9
-0.170.42-0.21-0.760.5-0.43-0.370.010.06-0.57-0.58-0.02-0.57-0.53-0.040.210.030.07-0.18-0.12-0.960.450.02
0.990.8-0.21-0.070.65-0.76-0.610.980.85-0.68-0.420.89-0.68-0.610.99-1.0-0.850.750.980.940.470.72-0.98
-0.19-0.52-0.76-0.07-0.350.420.09-0.25-0.080.680.22-0.270.60.32-0.210.040.460.14-0.190.050.64-0.370.21
0.620.910.50.65-0.35-0.93-0.910.760.88-0.89-0.880.56-0.93-0.960.74-0.66-0.530.840.60.75-0.280.99-0.77
-0.75-0.98-0.43-0.760.42-0.930.9-0.87-0.810.940.86-0.810.970.96-0.850.770.63-0.84-0.73-0.840.19-0.940.87
-0.53-0.81-0.37-0.610.09-0.910.9-0.69-0.760.740.97-0.60.810.97-0.680.630.3-0.95-0.51-0.810.19-0.880.7
0.970.910.010.98-0.250.76-0.87-0.690.87-0.82-0.550.91-0.82-0.731.0-0.97-0.870.770.970.930.270.82-1.0
0.820.820.060.85-0.080.88-0.81-0.760.87-0.74-0.620.61-0.76-0.770.87-0.86-0.70.840.810.860.180.91-0.89
-0.71-0.98-0.57-0.680.68-0.890.940.74-0.82-0.740.73-0.720.990.87-0.790.670.73-0.62-0.7-0.670.32-0.910.8
-0.35-0.76-0.58-0.420.22-0.880.860.97-0.55-0.620.73-0.490.810.97-0.520.450.16-0.84-0.33-0.650.43-0.830.55
0.90.82-0.020.89-0.270.56-0.81-0.60.910.61-0.72-0.49-0.73-0.630.91-0.89-0.760.650.890.860.270.62-0.9
-0.7-0.98-0.57-0.680.6-0.930.970.81-0.82-0.760.990.81-0.730.92-0.790.680.67-0.7-0.68-0.710.32-0.940.81
-0.56-0.9-0.53-0.610.32-0.960.960.97-0.73-0.770.870.97-0.630.92-0.70.620.41-0.87-0.54-0.760.33-0.940.73
0.980.89-0.040.99-0.210.74-0.85-0.681.00.87-0.79-0.520.91-0.79-0.7-0.98-0.870.770.980.940.320.8-1.0
-0.98-0.80.21-1.00.04-0.660.770.63-0.97-0.860.670.45-0.890.680.62-0.980.83-0.78-0.98-0.96-0.47-0.720.98
-0.92-0.760.03-0.850.46-0.530.630.3-0.87-0.70.730.16-0.760.670.41-0.870.83-0.37-0.93-0.65-0.3-0.610.86
0.650.750.070.750.140.84-0.84-0.950.770.84-0.62-0.840.65-0.7-0.870.77-0.78-0.370.640.920.120.83-0.79
1.00.8-0.180.98-0.190.6-0.73-0.510.970.81-0.7-0.330.89-0.68-0.540.98-0.98-0.930.640.880.450.68-0.97
0.890.81-0.120.940.050.75-0.84-0.810.930.86-0.67-0.650.86-0.71-0.760.94-0.96-0.650.920.880.360.78-0.94
0.44-0.15-0.960.470.64-0.280.190.190.270.180.320.430.270.320.330.32-0.47-0.30.120.450.36-0.21-0.3
0.690.930.450.72-0.370.99-0.94-0.880.820.91-0.91-0.830.62-0.94-0.940.8-0.72-0.610.830.680.78-0.21-0.82
-0.98-0.90.02-0.980.21-0.770.870.7-1.0-0.890.80.55-0.90.810.73-1.00.980.86-0.79-0.97-0.94-0.3-0.82
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60 Degrees Account Relationship Matchups

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