Canaan Average Payables vs Ev To Sales Analysis

CAN Stock

USD 0.69 0.01 1.43%

Canaan financial indicator trend analysis is way more than just evaluating Canaan Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canaan Inc is a good investment. Please check the relationship between Canaan Average Payables and its Ev To Sales accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canaan 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 nation.

Average Payables vs Ev To Sales

Average Payables vs Ev To Sales Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canaan Inc Average Payables account and Ev To Sales. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Canaan's Average Payables and Ev To Sales is -0.16. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of Canaan Inc, assuming nothing else is changed. The correlation between historical values of Canaan's Average Payables and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Canaan Inc are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Average Payables i.e., Canaan's Average Payables and Ev To Sales go up and down completely randomly.

Correlation Coefficient

-0.16

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.

Most indicators from Canaan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canaan 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Canaan 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 nation.

As of the 1st of May 2025, Selling General Administrative is likely to grow to about 96.2 M, while Tax Provision is likely to drop about 45.6 M.

	2022	2023	2024	2025 (projected)
Depreciation And Amortization	33.9M	59.6M	28.4M	25.5M
Interest Income	15.9M	956K	536K	509.2K

Depreciation And Amortization Interest Income

Canaan fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross
Total Assets		-0.34	0.64	0.75	-0.62	-0.27	0.57	0.1	0.63	-0.24	0.35	-0.56	-0.57	-0.15	0.6	-0.63	0.39	0.54	0.68	-0.87	0.79	0.33	-0.68	0.63	0.0	-0.68
Other Current Liab	-0.34		-0.18	-0.29	0.39	0.13	0.06	-0.29	-0.09	0.66	0.31	0.22	0.09	0.44	0.14	-0.02	0.09	-0.54	-0.45	0.45	-0.4	-0.07	0.33	-0.17	0.54	0.16
Total Current Liabilities	0.64	-0.18		-0.03	-0.44	-0.22	0.0	0.74	0.23	-0.23	0.3	-0.36	-0.3	-0.23	0.31	-0.26	0.15	0.35	0.04	-0.58	0.91	-0.33	-0.3	1.0	-0.06	-0.39
Total Stockholder Equity	0.75	-0.29	-0.03		-0.44	-0.17	0.75	-0.51	0.63	-0.13	0.18	-0.43	-0.49	0.0	0.5	-0.6	0.39	0.41	0.86	-0.65	0.25	0.72	-0.63	-0.04	0.05	-0.56
Net Tangible Assets	-0.62	0.39	-0.44	-0.44		0.65	-0.45	-0.06	-0.45	0.59	-0.19	0.88	0.91	0.36	-0.41	0.86	-0.65	-0.97	-0.62	0.77	-0.48	-0.19	0.62	-0.42	0.26	0.85
Property Plant And Equipment Net	-0.27	0.13	-0.22	-0.17	0.65		-0.59	0.0	-0.37	0.67	0.1	0.76	0.52	0.76	-0.1	0.58	-0.23	-0.67	-0.56	0.55	-0.09	-0.36	0.6	-0.21	0.67	0.65
Current Deferred Revenue	0.57	0.06	0.0	0.75	-0.45	-0.59		-0.44	0.78	-0.18	0.0	-0.65	-0.49	-0.17	0.32	-0.65	0.31	0.41	0.84	-0.64	0.07	0.86	-0.8	-0.01	-0.07	-0.72
Net Debt	0.1	-0.29	0.74	-0.51	-0.06	0.0	-0.44		0.0	-0.33	-0.26	0.05	0.12	-0.13	-0.36	0.28	-0.14	0.04	-0.3	-0.21	0.66	-0.49	-0.06	0.74	-0.12	0.09
Retained Earnings	0.63	-0.09	0.23	0.63	-0.45	-0.37	0.78	0.0		-0.36	-0.31	-0.49	-0.54	0.12	-0.03	-0.55	0.48	0.36	0.76	-0.8	0.42	0.78	-0.93	0.21	0.18	-0.6
Accounts Payable	-0.24	0.66	-0.23	-0.13	0.59	0.67	-0.18	-0.33	-0.36		0.51	0.46	0.42	0.64	0.31	0.31	-0.25	-0.65	-0.53	0.61	-0.33	-0.24	0.58	-0.21	0.69	0.34
Cash	0.35	0.31	0.3	0.18	-0.19	0.1	0.0	-0.26	-0.31	0.51		-0.18	-0.24	0.04	0.93	-0.36	0.15	0.1	-0.17	0.05	0.17	-0.39	0.31	0.31	0.22	-0.25
Non Current Assets Total	-0.56	0.22	-0.36	-0.43	0.88	0.76	-0.65	0.05	-0.49	0.46	-0.18		0.76	0.4	-0.42	0.79	-0.37	-0.88	-0.65	0.69	-0.32	-0.34	0.7	-0.34	0.28	0.97
Non Currrent Assets Other	-0.57	0.09	-0.3	-0.49	0.91	0.52	-0.49	0.12	-0.54	0.42	-0.24	0.76		0.09	-0.44	0.96	-0.87	-0.81	-0.56	0.7	-0.37	-0.27	0.57	-0.28	-0.02	0.78
Other Assets	-0.15	0.44	-0.23	0.0	0.36	0.76	-0.17	-0.13	0.12	0.64	0.04	0.4	0.09		-0.08	0.14	0.18	-0.48	-0.32	0.29	-0.08	0.0	0.21	-0.23	0.97	0.25
Cash And Short Term Investments	0.6	0.14	0.31	0.5	-0.41	-0.1	0.32	-0.36	-0.03	0.31	0.93	-0.42	-0.44	-0.08		-0.59	0.27	0.34	0.21	-0.25	0.26	-0.08	-0.02	0.31	0.11	-0.51
Net Receivables	-0.63	-0.02	-0.26	-0.6	0.86	0.58	-0.65	0.28	-0.55	0.31	-0.36	0.79	0.96	0.14	-0.59		-0.81	-0.76	-0.63	0.69	-0.31	-0.37	0.59	-0.25	-0.01	0.83
Common Stock Total Equity	0.39	0.09	0.15	0.39	-0.65	-0.23	0.31	-0.14	0.48	-0.25	0.15	-0.37	-0.87	0.18	0.27	-0.81		0.5	0.36	-0.52	0.26	0.21	-0.36	0.14	0.26	-0.42
Common Stock Shares Outstanding	0.54	-0.54	0.35	0.41	-0.97	-0.67	0.41	0.04	0.36	-0.65	0.1	-0.88	-0.81	-0.48	0.34	-0.76	0.5		0.64	-0.72	0.39	0.19	-0.59	0.33	-0.42	-0.82
Short Term Investments	0.68	-0.45	0.04	0.86	-0.62	-0.56	0.84	-0.3	0.76	-0.53	-0.17	-0.65	-0.56	-0.32	0.21	-0.63	0.36	0.64		-0.81	0.25	0.83	-0.87	0.02	-0.29	-0.69
Capital Surpluse	-0.87	0.45	-0.58	-0.65	0.77	0.55	-0.64	-0.21	-0.8	0.61	0.05	0.69	0.7	0.29	-0.25	0.69	-0.52	-0.72	-0.81		-0.73	-0.49	0.89	-0.56	0.18	0.75
Inventory	0.79	-0.4	0.91	0.25	-0.48	-0.09	0.07	0.66	0.42	-0.33	0.17	-0.32	-0.37	-0.08	0.26	-0.31	0.26	0.39	0.25	-0.73		-0.13	-0.46	0.9	0.03	-0.41
Other Current Assets	0.33	-0.07	-0.33	0.72	-0.19	-0.36	0.86	-0.49	0.78	-0.24	-0.39	-0.34	-0.27	0.0	-0.08	-0.37	0.21	0.19	0.83	-0.49	-0.13		-0.75	-0.35	-0.01	-0.41
Other Stockholder Equity	-0.68	0.33	-0.3	-0.63	0.62	0.6	-0.8	-0.06	-0.93	0.58	0.31	0.7	0.57	0.21	-0.02	0.59	-0.36	-0.59	-0.87	0.89	-0.46	-0.75		-0.28	0.15	0.75
Total Liab	0.63	-0.17	1.0	-0.04	-0.42	-0.21	-0.01	0.74	0.21	-0.21	0.31	-0.34	-0.28	-0.23	0.31	-0.25	0.14	0.33	0.02	-0.56	0.9	-0.35	-0.28		-0.06	-0.38
Net Invested Capital	0.0	0.54	-0.06	0.05	0.26	0.67	-0.07	-0.12	0.18	0.69	0.22	0.28	-0.02	0.97	0.11	-0.01	0.26	-0.42	-0.29	0.18	0.03	-0.01	0.15	-0.06		0.11
Property Plant And Equipment Gross	-0.68	0.16	-0.39	-0.56	0.85	0.65	-0.72	0.09	-0.6	0.34	-0.25	0.97	0.78	0.25	-0.51	0.83	-0.42	-0.82	-0.69	0.75	-0.41	-0.41	0.75	-0.38	0.11

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Canaan Account Relationship Matchups

Canaan fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	158.8M	884.7M	690.0M	493.3M	463.0M	628.7M
Other Current Liab	75.6M	302.3M	56.2M	96.1M	28.7M	27.3M
Total Current Liabilities	90.8M	327.5M	75.8M	135.2M	178.6M	260.1M
Total Stockholder Equity	66.3M	543.3M	612.1M	348.2M	266.3M	362.7M
Net Tangible Assets	692.8M	432.6M	3.5B	4.2B	4.9B	5.1B
Property Plant And Equipment Net	4.1M	34.0M	90.3M	31.2M	43.7M	40.5M
Current Deferred Revenue	65.9M	210.3M	4.6M	19.6M	37.1M	54.8M
Net Debt	(54.1M)	(419.1M)	(100.8M)	(94.7M)	(1.5M)	(1.6M)
Retained Earnings	(168.3M)	141.5M	211.0M	(219.6M)	(450.5M)	(428.0M)
Accounts Payable	5.7M	22.5M	16.7M	6.2M	14.0M	12.9M
Cash	59.9M	421.7M	102.3M	96.2M	96.5M	172.9M
Non Current Assets Total	4.5M	56.4M	130.2M	137.2M	129.0M	77.8M
Non Currrent Assets Other	387.6K	19.2M	37.0M	36.4M	81.4M	85.4M
Other Assets	2.5M	122.3M	256.1M	(7.5M)	(8.7M)	(8.2M)
Cash And Short Term Investments	69.5M	421.7M	105.7M	96.2M	96.5M	184.3M
Net Receivables	15.4M	57.8K	73.1M	58.4M	114.7M	120.4M
Common Stock Shares Outstanding	2.3B	171.7M	171.9M	171.9M	271.5M	257.9M
Liabilities And Stockholders Equity	158.8M	884.7M	690.0M	493.3M	463.0M	628.7M
Non Current Liabilities Total	1.7M	13.9M	2.1M	9.9M	18.2M	19.1M
Inventory	34.5M	127.6M	213.2M	142.3M	94.6M	165.4M
Other Current Assets	35.0M	281.5M	239.2M	66.8M	28.3M	29.7M
Other Stockholder Equity	261.5M	432.7M	435.2M	596.8M	759.3M	443.6M
Total Liab	92.5M	341.4M	77.9M	145.1M	196.8M	266.0M
Net Invested Capital	481.3M	3.5B	4.4B	348.2M	358.3M	340.4M
Property Plant And Equipment Gross	26.6M	34.0M	91.0M	117.3M	115.6M	65.5M
Total Current Assets	154.3M	828.4M	559.8M	363.7M	334.0M	572.9M
Accumulated Other Comprehensive Income	(12.2M)	(16.0M)	(37.2M)	(29.0M)	(42.6M)	(44.7M)
Net Working Capital	414.7M	3.2B	3.5B	228.5M	155.5M	147.7M
Short Term Debt	9.4M	2.3M	2.3M	1.2M	86.0M	90.3M
Property Plant Equipment	45.4M	26.6M	216.5M	627.6M	721.7M	757.8M
Short Long Term Debt Total	5.8M	2.6M	1.5M	1.4M	95.0M	145.0M
Capital Lease Obligations	15.9M	31.1M	26.2M	1.4M	2.9M	2.8M

Pair Trading with Canaan

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 Canaan 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 Canaan will appreciate offsetting losses from the drop in the long position's value.

Moving together with Canaan Stock

0.7	DIOD	Diodes Incorporated Earnings Call This Week	Pair Corr
0.67	DQ	Daqo New Energy	Pair Corr
0.62	MU	Micron Technology	Pair Corr
0.8	MX	MagnaChip Semiconductor	Pair Corr
0.82	NA	Nano Labs	Pair Corr

The ability to find closely correlated positions to Canaan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canaan 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 Canaan - 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 Canaan Inc to buy it.

The correlation of Canaan 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 Canaan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canaan 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 Canaan 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 Canaan Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canaan's 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 Canaan Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canaan Inc Stock:

How To Invest In Canaan

Details

Is Canaan Stock a good investment?

Details

What is Canaan's Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canaan 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 nation.

You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

Is Semiconductors & Semiconductor Equipment 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 Canaan. If investors know Canaan 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 Canaan 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

(0.92)

Earnings Share

(0.92)

Revenue Per Share

0.992

Quarterly Revenue Growth

0.809

Return On Assets

(0.29)

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

Average Payables vs Ev To Sales

Average Payables vs Ev To Sales Correlation Analysis

Correlation Coefficient

Average Payables

Ev To Sales

Canaan fundamental ratios Correlations

Canaan Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canaan fundamental ratios Accounts

Pair Trading with Canaan

Moving together with Canaan Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Property Plant And Equipment Gross	+ 0.97	Non Current Assets Total
Net Invested Capital	+ 0.97	Other Assets
Net Receivables	+ 0.96	Non Currrent Assets Other
Cash And Short Term Investments	+ 0.93	Cash
Inventory	+ 0.91	Total Current Liabilities

Common Stock Shares Outstanding	- 0.97	Net Tangible Assets
Other Stockholder Equity	- 0.93	Retained Earnings
Common Stock Shares Outstanding	- 0.88	Non Current Assets Total
Other Stockholder Equity	- 0.87	Short Term Investments
Common Stock Total Equity	- 0.87	Non Currrent Assets Other
Capital Surpluse	- 0.87	Total Assets