| AVCN Stock | | | CAD 0.26 0.01 3.70% |
Avicanna financial indicator trend analysis is way more than just evaluating Avicanna prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avicanna is a good investment. Please check the relationship between Avicanna Payables Turnover and its Price To Sales Ratio accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Avicanna. 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.
Payables Turnover vs Price To Sales Ratio
Payables Turnover vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Avicanna Payables Turnover account and
Price To Sales Ratio. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Avicanna's Payables Turnover and Price To Sales Ratio is -0.56. Overlapping area represents the amount of variation of Payables Turnover that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Avicanna, assuming nothing else is changed. The correlation between historical values of Avicanna's Payables Turnover and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payables Turnover of Avicanna are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Payables Turnover i.e., Avicanna's Payables Turnover and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | -0.56 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Payables Turnover
A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Avicanna stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Avicanna sales, a figure that is much harder to manipulate than other Avicanna multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. 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.
Most indicators from Avicanna's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avicanna 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Avicanna. 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.
As of the 25th of November 2024,
Enterprise Value is likely to grow to about 59.2
M, while
Selling General Administrative is likely to drop about 11
M.
Avicanna fundamental ratios Correlations
Click cells to compare fundamentals
Avicanna Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Avicanna fundamental ratios Accounts
Other Information on Investing in Avicanna Stock
Balance Sheet is a snapshot of the
financial position of Avicanna at a specified time, usually calculated after every quarter, six months, or one year. Avicanna Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Avicanna and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Avicanna currently owns. An asset can also be divided into two categories, current and non-current.