ECD Price To Sales Ratio vs Days Payables Outstanding Analysis

ECDAW Stock   0.02  0.00  0.00%   
ECD Automotive financial indicator trend analysis is much more than just examining ECD Automotive Design latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ECD Automotive Design is a good investment. Please check the relationship between ECD Automotive Price To Sales Ratio and its Days Payables Outstanding accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ECD Automotive Design. 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.

Price To Sales Ratio vs Days Payables Outstanding

Price To Sales Ratio vs Days Payables Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ECD Automotive Design Price To Sales Ratio account and Days Payables Outstanding. At this time, the significance of the direction appears to have pay attention.
The correlation between ECD Automotive's Price To Sales Ratio and Days Payables Outstanding is -0.81. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Days Payables Outstanding in the same time period over historical financial statements of ECD Automotive Design, assuming nothing else is changed. The correlation between historical values of ECD Automotive's Price To Sales Ratio and Days Payables Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of ECD Automotive Design are associated (or correlated) with its Days Payables Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Payables Outstanding has no effect on the direction of Price To Sales Ratio i.e., ECD Automotive's Price To Sales Ratio and Days Payables Outstanding go up and down completely randomly.

Correlation Coefficient

-0.81
Relationship DirectionNegative 
Relationship StrengthSignificant

Price To Sales Ratio

Price to Sales Ratio is figured by comparing ECD Automotive Design stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on ECD Automotive sales, a figure that is much harder to manipulate than other ECD Automotive Design 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.

Days Payables Outstanding

Most indicators from ECD Automotive's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ECD Automotive Design 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 ECD Automotive Design. 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.
Issuance Of Capital Stock is likely to climb to about 100.3 K in 2024, whereas Selling General Administrative is likely to drop slightly above 4.4 M in 2024.
 2010 2022 2023 2024 (projected)
Gross Profit2.6M3.8M4.2M3.9M
Total Revenue11.5M15.0M15.1M15.3M

ECD Automotive fundamental ratios Correlations

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-0.93-0.91-0.5-0.951.0-0.73-0.95-0.96-0.9-0.94-0.76-0.09-1.0-0.940.890.99-0.98-0.92-0.11-0.93-1.0-0.73-0.93-0.930.77
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-0.15-0.180.910.03-0.11-0.60.09-0.18-0.11-0.27-0.01-0.561.00.12-0.010.36-0.12-0.10.16-0.080.15-0.590.090.110.55
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ECD Automotive Account Relationship Matchups

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