Hitek Price To Sales Ratio from 2010 to 2025
| HKIT Stock | 1.41 0.02 1.40% |
Price To Sales Ratio | First Reported 2010-12-31 | Previous Quarter 3.51 | Current Value 3.33 | Quarterly Volatility 3.81901642 |
Check Hitek Global financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Hitek Global's main balance sheet or income statement drivers, such as Tax Provision of 490.7 K, Net Interest Income of 722.1 K or Depreciation And Amortization of 46 K, as well as many indicators such as Price To Sales Ratio of 3.33, Dividend Yield of 0.0 or PTB Ratio of 0.54. Hitek financial statements analysis is a perfect complement when working with Hitek Global Valuation or Volatility modules.
Hitek | Price To Sales Ratio |
Latest Hitek Global's Price To Sales Ratio Growth Pattern
Below is the plot of the Price To Sales Ratio of Hitek Global Ordinary over the last few years. Price to Sales Ratio is figured by comparing Hitek Global Ordinary stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Hitek Global sales, a figure that is much harder to manipulate than other Hitek Global Ordinary multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. It is a valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period. Hitek Global's Price To Sales Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Hitek Global's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 11.98 X | 10 Years Trend |
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Price To Sales Ratio |
| Timeline |
Hitek Price To Sales Ratio Regression Statistics
| Arithmetic Mean | 10.70 | |
| Geometric Mean | 9.64 | |
| Coefficient Of Variation | 35.69 | |
| Mean Deviation | 2.93 | |
| Median | 12.57 | |
| Standard Deviation | 3.82 | |
| Sample Variance | 14.58 | |
| Range | 11.8803 | |
| R-Value | (0.69) | |
| Mean Square Error | 8.27 | |
| R-Squared | 0.47 | |
| Significance | 0 | |
| Slope | (0.55) | |
| Total Sum of Squares | 218.77 |
Hitek Price To Sales Ratio History
About Hitek Global Financial Statements
Hitek Global shareholders use historical fundamental indicators, such as Price To Sales Ratio, to determine how well the company is positioned to perform in the future. Although Hitek Global investors may analyze each financial statement separately, they are all interrelated. The changes in Hitek Global's assets and liabilities, for example, are also reflected in the revenues and expenses on on Hitek Global's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Price To Sales Ratio | 3.51 | 3.33 |
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Additional Tools for Hitek Stock Analysis
When running Hitek Global's price analysis, check to measure Hitek Global's 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 Hitek Global is operating at the current time. Most of Hitek Global's value examination focuses on studying past and present price action to predict the probability of Hitek Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hitek Global's price. Additionally, you may evaluate how the addition of Hitek Global to your portfolios can decrease your overall portfolio volatility.