Cronos Historical Financial Ratios
| CRON Stock | USD 2.08 0.01 0.48% |
Cronos is presently reporting on over 122 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Dividend Yield of 0.0, PTB Ratio of 0.69 or Days Sales Outstanding of 125 will help investors to properly organize and evaluate Cronos Group financial condition quickly.
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About Cronos Financial Ratios Analysis
Cronos GroupFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Cronos investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Cronos financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Cronos history.
Cronos Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Cronos Group stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Cronos sales, a figure that is much harder to manipulate than other Cronos Group 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.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.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.Most ratios from Cronos' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Cronos Group current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, 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 Cronos Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. At this time, Cronos' Receivables Turnover is very stable compared to the past year. As of the 29th of November 2024, Graham Number is likely to grow to 4.03, while Price To Sales Ratio is likely to drop 8.66.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 163.25 | 124.28 | 150.11 | 125.03 | PTB Ratio | 1.09 | 0.82 | 0.72 | 0.69 |
Cronos fundamentals Correlations
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Cronos Account Relationship Matchups
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Cronos fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 143.91 | 51.26 | 19.56 | 10.23 | 9.12 | 8.66 | |
| Ptb Ratio | 1.95 | 1.4 | 1.09 | 0.82 | 0.72 | 0.69 | |
| Days Sales Outstanding | 254.1 | 203.47 | 163.25 | 124.28 | 150.11 | 125.03 | |
| Book Value Per Share | 5.1 | 4.95 | 3.61 | 3.08 | 2.88 | 1.59 | |
| Free Cash Flow Yield | (0.0494) | (0.0743) | (0.11) | (0.1) | (0.0581) | (0.0611) | |
| Operating Cash Flow Per Share | (0.38) | (0.41) | (0.42) | (0.24) | (0.11) | (0.12) | |
| Stock Based Compensation To Revenue | 0.49 | 0.33 | 0.14 | 0.16 | 0.1 | 0.0955 | |
| Capex To Depreciation | 9.95 | 5.02 | 0.8 | 0.38 | 0.42 | 0.4 | |
| Pb Ratio | 1.95 | 1.4 | 1.09 | 0.82 | 0.72 | 0.69 | |
| Ev To Sales | 93.69 | 28.39 | 7.77 | 1.95 | 1.48 | 1.4 | |
| Free Cash Flow Per Share | (0.49) | (0.52) | (0.45) | (0.25) | (0.12) | (0.13) | |
| Roic | (0.15) | (0.11) | 0.005068 | (0.13) | (0.0737) | (0.0774) | |
| Inventory Turnover | 1.09 | 1.65 | 2.8 | 2.13 | 2.47 | 2.59 | |
| Net Income Per Share | 7.16 | (0.22) | (1.07) | (0.46) | (0.19) | (0.18) | |
| Days Of Inventory On Hand | 333.68 | 221.37 | 130.18 | 171.5 | 147.75 | 155.14 | |
| Payables Turnover | 1.18 | 3.75 | 8.28 | 7.16 | 6.21 | 6.52 | |
| Sales General And Administrative To Revenue | 2.57 | 2.05 | 1.43 | 0.94 | 0.67 | 0.63 | |
| Capex To Revenue | 1.64 | 0.76 | 0.16 | 0.0548 | 0.0392 | 0.0373 | |
| Cash Per Share | 4.39 | 3.74 | 2.72 | 2.37 | 2.26 | 1.14 | |
| Pocfratio | (26.29) | (16.81) | (9.48) | (10.57) | (18.57) | (19.5) | |
| Interest Coverage | (97.66) | (964.23) | 251.3 | (5.15) | (5.92) | (6.22) | |
| Capex To Operating Cash Flow | (0.3) | (0.25) | (0.0798) | (0.0566) | (0.0799) | (0.0839) | |
| Pfcf Ratio | (20.23) | (13.46) | (8.78) | (10.0) | (17.2) | (18.06) | |
| Days Payables Outstanding | 309.63 | 97.33 | 44.1 | 50.97 | 58.77 | 55.83 | |
| Income Quality | (0.11) | 1.89 | 0.39 | 0.53 | 0.57 | 0.29 | |
| Roe | 1.4 | (0.0436) | (0.3) | (0.15) | (0.0673) | (0.0639) | |
| Ev To Operating Cash Flow | (17.12) | (9.31) | (3.77) | (2.01) | (3.01) | (3.16) | |
| Pe Ratio | 1.39 | (32.09) | (3.67) | (5.57) | (10.76) | (10.22) | |
| Return On Tangible Assets | 1.36 | (0.0445) | (0.29) | (0.14) | (0.0662) | (0.0629) | |
| Ev To Free Cash Flow | (13.17) | (7.46) | (3.49) | (1.91) | (2.79) | (2.92) | |
| Earnings Yield | 0.72 | (0.0312) | (0.27) | (0.18) | (0.093) | (0.0883) | |
| Net Debt To E B I T D A | (0.75) | 12.91 | 4.56 | 8.34 | 9.29 | 9.75 | |
| Current Ratio | 4.72 | 6.63 | 19.86 | 14.1 | 22.54 | 23.67 | |
| Tangible Book Value Per Share | 4.26 | 4.23 | 3.56 | 3.01 | 2.82 | 1.44 | |
| Receivables Turnover | 1.44 | 1.79 | 2.24 | 2.94 | 2.43 | 2.79 | |
| Graham Number | 28.68 | 4.91 | 9.34 | 5.63 | 3.55 | 4.03 | |
| Shareholders Equity Per Share | 5.1 | 4.96 | 3.62 | 3.09 | 2.89 | 1.59 |
Pair Trading with Cronos
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 Cronos 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 Cronos will appreciate offsetting losses from the drop in the long position's value.Moving together with Cronos Stock
| 0.65 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.66 | PFE | Pfizer Inc Aggressive Push | PairCorr |
Moving against Cronos Stock
| 0.6 | FNMFO | Federal National Mortgage | PairCorr |
| 0.55 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.49 | CIB | Bancolombia SA ADR | PairCorr |
| 0.45 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.37 | AVAL | Grupo Aval | PairCorr |
The ability to find closely correlated positions to Cronos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cronos 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 Cronos - 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 Cronos Group to buy it.
The correlation of Cronos 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 Cronos moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cronos Group 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 Cronos 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cronos Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Is Pharmaceuticals 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 Cronos. If investors know Cronos 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 Cronos 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 0.144 | Earnings Share (0.12) | Revenue Per Share 0.267 | Quarterly Revenue Growth 0.46 | Return On Assets (0.04) |
The market value of Cronos Group is measured differently than its book value, which is the value of Cronos that is recorded on the company's balance sheet. Investors also form their own opinion of Cronos' value that differs from its market value or its book value, called intrinsic value, which is Cronos' 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 Cronos' market value can be influenced by many factors that don't directly affect Cronos' 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 Cronos' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cronos is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cronos' 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.