District Ptb Ratio vs Ev To Sales Analysis

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District Metals financial indicator trend analysis is much more than just examining District Metals Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether District Metals Corp is a good investment. Please check the relationship between District Metals Ptb Ratio and its Ev To Sales accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in District Metals Corp. 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.

Ptb Ratio vs Ev To Sales

Ptb Ratio vs Ev To Sales Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of District Metals Corp Ptb Ratio account and Ev To Sales. At this time, the significance of the direction appears to have almost no relationship.

The correlation between District Metals' Ptb Ratio and Ev To Sales is 0.11. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of District Metals Corp, assuming nothing else is changed. The correlation between historical values of District Metals' Ptb Ratio 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 Ptb Ratio of District Metals Corp 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 Ptb Ratio i.e., District Metals' Ptb Ratio and Ev To Sales go up and down completely randomly.

Correlation Coefficient

0.11

Relationship Direction	Positive
Relationship Strength	Insignificant

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Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

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 District Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into District Metals Corp 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in District Metals Corp. 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.

At this time, District Metals' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 31.1 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 2.6 M in 2024.

	2023	2024 (projected)
Other Operating Expenses	1.5M	2.0M
Depreciation And Amortization	54.3K	43.4K

Other Operating Expenses Depreciation And Amortization

District Metals fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Inventory	Other Current Assets	Short Term Debt	Common Stock	Net Tangible Assets	Net Invested Capital	Net Working Capital
Total Assets		0.31	0.61	0.95	0.78	-0.7	-0.02	0.52	0.73	0.8	-0.32	0.73	0.68	0.32	0.64	0.55	0.61	0.81	-0.26	0.48	0.6	-0.26	0.44	0.4	0.42	0.36
Other Current Liab	0.31		0.56	0.25	0.11	-0.56	-0.08	-0.05	0.54	0.14	0.41	0.56	0.23	0.3	0.21	-0.04	0.56	0.36	-0.02	-0.05	0.18	-0.02	0.18	0.29	0.21	0.51
Total Current Liabilities	0.61	0.56		0.5	0.34	-0.5	0.16	0.78	0.49	0.37	-0.26	0.49	0.73	-0.21	0.47	0.77	1.0	0.61	-0.11	0.71	0.45	-0.11	-0.18	-0.13	-0.15	0.06
Total Stockholder Equity	0.95	0.25	0.5		0.77	-0.71	-0.05	0.43	0.68	0.79	-0.29	0.68	0.6	0.45	0.58	0.47	0.5	0.76	-0.27	0.4	0.54	-0.27	0.49	0.53	0.56	0.39
Property Plant And Equipment Net	0.78	0.11	0.34	0.77		-0.62	-0.26	0.33	0.66	1.0	-0.25	0.67	0.2	0.58	0.05	0.32	0.34	0.27	-0.29	0.19	0.01	-0.29	0.72	0.66	0.69	0.49
Net Debt	-0.7	-0.56	-0.5	-0.71	-0.62		0.29	-0.25	-0.97	-0.64	-0.04	-0.97	-0.31	-0.58	-0.2	-0.21	-0.5	-0.5	0.35	-0.09	-0.14	0.35	-0.53	-0.6	-0.57	-0.76
Retained Earnings	-0.02	-0.08	0.16	-0.05	-0.26	0.29		0.24	-0.29	-0.21	0.28	-0.3	0.45	-0.49	0.28	0.29	0.16	0.17	0.88	0.59	0.27	0.88	-0.4	-0.43	-0.39	-0.38
Accounts Payable	0.52	-0.05	0.78	0.43	0.33	-0.25	0.24		0.24	0.35	-0.64	0.23	0.73	-0.46	0.43	0.98	0.78	0.49	-0.14	0.91	0.42	-0.14	-0.35	-0.37	-0.34	-0.28
Cash	0.73	0.54	0.49	0.68	0.66	-0.97	-0.29	0.24		0.68	0.04	1.0	0.3	0.55	0.19	0.21	0.49	0.5	-0.34	0.09	0.14	-0.34	0.59	0.57	0.54	0.79
Non Current Assets Total	0.8	0.14	0.37	0.79	1.0	-0.64	-0.21	0.35	0.68		-0.23	0.68	0.24	0.57	0.08	0.34	0.37	0.31	-0.26	0.23	0.04	-0.26	0.71	0.66	0.68	0.5
Non Currrent Assets Other	-0.32	0.41	-0.26	-0.29	-0.25	-0.04	0.28	-0.64	0.04	-0.23		0.05	-0.32	0.29	-0.35	-0.64	-0.26	-0.3	0.61	-0.43	-0.35	0.61	0.24	0.27	0.25	0.47
Cash And Short Term Investments	0.73	0.56	0.49	0.68	0.67	-0.97	-0.3	0.23	1.0	0.68	0.05		0.29	0.56	0.18	0.19	0.49	0.49	-0.34	0.08	0.13	-0.34	0.6	0.58	0.55	0.79
Net Receivables	0.68	0.23	0.73	0.6	0.2	-0.31	0.45	0.73	0.3	0.24	-0.32	0.29		-0.35	0.83	0.77	0.73	0.85	0.05	0.83	0.81	0.05	-0.28	-0.29	-0.26	-0.18
Common Stock Shares Outstanding	0.32	0.3	-0.21	0.45	0.58	-0.58	-0.49	-0.46	0.55	0.57	0.29	0.56	-0.35		-0.25	-0.47	-0.21	-0.04	-0.27	-0.56	-0.29	-0.27	0.9	0.97	0.96	0.78
Short Term Investments	0.64	0.21	0.47	0.58	0.05	-0.2	0.28	0.43	0.19	0.08	-0.35	0.18	0.83	-0.25		0.52	0.47	0.94	-0.07	0.55	1.0	-0.07	-0.2	-0.21	-0.19	-0.18
Other Stockholder Equity	0.55	-0.04	0.77	0.47	0.32	-0.21	0.29	0.98	0.21	0.34	-0.64	0.19	0.77	-0.47	0.52		0.77	0.55	-0.11	0.94	0.5	-0.11	-0.36	-0.39	-0.36	-0.34
Total Liab	0.61	0.56	1.0	0.5	0.34	-0.5	0.16	0.78	0.49	0.37	-0.26	0.49	0.73	-0.21	0.47	0.77		0.61	-0.11	0.71	0.45	-0.11	-0.18	-0.13	-0.15	0.06
Total Current Assets	0.81	0.36	0.61	0.76	0.27	-0.5	0.17	0.49	0.5	0.31	-0.3	0.49	0.85	-0.04	0.94	0.55	0.61		-0.17	0.54	0.92	-0.17	0.01	0.01	0.02	0.1
Short Long Term Debt Total	-0.26	-0.02	-0.11	-0.27	-0.29	0.35	0.88	-0.14	-0.34	-0.26	0.61	-0.34	0.05	-0.27	-0.07	-0.11	-0.11	-0.17		0.21	-0.08	1.0	-0.21	-0.23	-0.21	-0.19
Inventory	0.48	-0.05	0.71	0.4	0.19	-0.09	0.59	0.91	0.09	0.23	-0.43	0.08	0.83	-0.56	0.55	0.94	0.71	0.54	0.21		0.53	0.21	-0.44	-0.47	-0.43	-0.41
Other Current Assets	0.6	0.18	0.45	0.54	0.01	-0.14	0.27	0.42	0.14	0.04	-0.35	0.13	0.81	-0.29	1.0	0.5	0.45	0.92	-0.08	0.53		-0.08	-0.23	-0.25	-0.23	-0.21
Short Term Debt	-0.26	-0.02	-0.11	-0.27	-0.29	0.35	0.88	-0.14	-0.34	-0.26	0.61	-0.34	0.05	-0.27	-0.07	-0.11	-0.11	-0.17	1.0	0.21	-0.08		-0.21	-0.23	-0.21	-0.19
Common Stock	0.44	0.18	-0.18	0.49	0.72	-0.53	-0.4	-0.35	0.59	0.71	0.24	0.6	-0.28	0.9	-0.2	-0.36	-0.18	0.01	-0.21	-0.44	-0.23	-0.21		0.92	0.93	0.79
Net Tangible Assets	0.4	0.29	-0.13	0.53	0.66	-0.6	-0.43	-0.37	0.57	0.66	0.27	0.58	-0.29	0.97	-0.21	-0.39	-0.13	0.01	-0.23	-0.47	-0.25	-0.23	0.92		0.99	0.8
Net Invested Capital	0.42	0.21	-0.15	0.56	0.69	-0.57	-0.39	-0.34	0.54	0.68	0.25	0.55	-0.26	0.96	-0.19	-0.36	-0.15	0.02	-0.21	-0.43	-0.23	-0.21	0.93	0.99		0.78
Net Working Capital	0.36	0.51	0.06	0.39	0.49	-0.76	-0.38	-0.28	0.79	0.5	0.47	0.79	-0.18	0.78	-0.18	-0.34	0.06	0.1	-0.19	-0.41	-0.21	-0.19	0.79	0.8	0.78

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District Metals Account Relationship Matchups

District Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.7M	7.9M	8.7M	10.1M	11.6M	6.2M
Other Current Liab	130.4K	531.4K	240.8K	67.3K	77.4K	73.5K
Total Current Liabilities	262.7K	592.6K	294.2K	119.2K	107.3K	102.0K
Total Stockholder Equity	4.5M	7.3M	8.4M	10.0M	11.5M	12.1M
Property Plant And Equipment Net	2.1M	3.6M	6.9M	7.4M	8.5M	4.3M
Net Debt	(2.5M)	(3.6M)	(1.5M)	(2.5M)	(2.3M)	(2.2M)
Retained Earnings	(56.1M)	(58.9M)	(60.3M)	(61.2M)	(55.1M)	(52.3M)
Accounts Payable	132.3K	61.2K	53.4K	52.0K	46.8K	44.4K
Cash	2.5M	3.6M	1.5M	2.5M	2.9M	1.5M
Non Current Assets Total	2.2M	3.8M	7.0M	7.5M	8.6M	4.4M
Cash And Short Term Investments	2.5M	3.8M	1.6M	2.6M	3.0M	1.5M
Net Receivables	2.9K	227.2K	32.6K	50.8K	45.7K	43.5K
Common Stock Shares Outstanding	34.4M	67.8M	70.3M	73.0M	83.9M	88.1M
Liabilities And Stockholders Equity	4.7M	7.9M	8.7M	10.1M	11.6M	6.2M
Total Liab	262.7K	592.6K	294.2K	119.2K	107.3K	102.0K
Total Current Assets	2.5M	4.0M	1.7M	2.6M	3.0M	2.2M
Accumulated Other Comprehensive Income	1.1M	2.0M	2.3M	2.5M	2.8M	3.0M
Other Current Assets	9.8K	58.2K	36.2K	21.7K	19.5K	18.5K
Common Stock	59.5M	64.2M	66.4M	68.7M	79.0M	65.0M
Net Tangible Assets	1.0M	4.5M	7.3M	8.4M	9.6M	10.1M
Net Invested Capital	4.5M	7.3M	8.4M	10.0M	11.5M	12.1M
Net Working Capital	2.3M	3.4M	1.4M	2.5M	2.9M	2.0M
Capital Stock	59.5M	64.2M	66.4M	68.7M	79.0M	69.1M

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