Elcora Free Cash Flow Yield vs Days Sales Outstanding Analysis

ERA Stock

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Elcora Advanced financial indicator trend analysis is much more than just examining Elcora Advanced Materials latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elcora Advanced Materials is a good investment. Please check the relationship between Elcora Advanced Free Cash Flow Yield and its Days Sales Outstanding accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elcora Advanced Materials. 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.

Free Cash Flow Yield vs Days Sales Outstanding

Free Cash Flow Yield vs Days Sales Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elcora Advanced Materials Free Cash Flow Yield account and Days Sales Outstanding. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Elcora Advanced's Free Cash Flow Yield and Days Sales Outstanding is -0.23. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of Elcora Advanced Materials, assuming nothing else is changed. The correlation between historical values of Elcora Advanced's Free Cash Flow Yield and Days Sales 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 Free Cash Flow Yield of Elcora Advanced Materials are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Free Cash Flow Yield i.e., Elcora Advanced's Free Cash Flow Yield and Days Sales Outstanding go up and down completely randomly.

Correlation Coefficient

-0.23

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Days Sales Outstanding

Most indicators from Elcora Advanced's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elcora Advanced Materials 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 Elcora Advanced Materials. 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, Elcora Advanced's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 9.1 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

	2023	2024 (projected)
Reconciled Depreciation	64.3K	87.4K
Interest Income	297.0	282.15

Reconciled Depreciation Interest Income

Elcora Advanced fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Shares Outstanding	Total Liab	Total Current Assets	Common Stock	Other Current Liab	Property Plant And Equipment Net	Accounts Payable	Net Receivables	Non Current Liabilities Total	Other Stockholder Equity	Short Long Term Debt Total	Other Liab	Net Tangible Assets	Current Deferred Revenue	Other Current Assets	Short Long Term Debt	Short Term Debt	Property Plant Equipment
Total Assets		-0.22	0.96	-0.55	0.2	0.56	0.99	0.56	0.01	-0.25	0.6	0.13	-0.12	-0.15	-0.23	0.58	-0.25	0.42	-0.3	0.08	0.97	0.08	-0.13	-0.38	-0.45	-0.2
Total Current Liabilities	-0.22		-0.49	0.85	-0.86	-0.35	-0.2	-0.37	0.87	0.99	-0.34	0.71	0.82	0.74	0.83	-0.44	0.77	0.35	0.82	-0.7	-0.45	-0.7	-0.66	0.9	0.75	0.74
Total Stockholder Equity	0.96	-0.49		-0.74	0.45	0.59	0.94	0.61	-0.26	-0.52	0.65	-0.1	-0.35	-0.36	-0.45	0.65	-0.46	0.27	-0.51	0.29	1.0	0.29	0.09	-0.61	-0.63	-0.4
Net Debt	-0.55	0.85	-0.74		-0.79	-0.71	-0.5	-0.76	0.71	0.85	-0.71	0.54	0.72	0.69	0.82	-0.68	0.76	0.28	0.81	-0.53	-0.72	-0.53	-0.48	0.84	0.79	0.68
Retained Earnings	0.2	-0.86	0.45	-0.79		0.17	0.17	0.34	-0.92	-0.92	0.42	-0.91	-0.91	-0.75	-0.91	0.49	-0.97	-0.36	-0.96	0.44	0.43	0.44	0.81	-0.79	-0.78	-0.69
Cash	0.56	-0.35	0.59	-0.71	0.17		0.51	0.89	-0.14	-0.3	0.69	0.08	-0.14	-0.31	-0.36	0.58	-0.16	-0.14	-0.21	0.29	0.57	0.29	-0.11	-0.35	-0.3	-0.34
Non Current Assets Total	0.99	-0.2	0.94	-0.5	0.17	0.51		0.48	0.04	-0.23	0.51	0.16	-0.09	-0.12	-0.19	0.55	-0.2	0.47	-0.26	0.07	0.96	0.07	-0.17	-0.35	-0.42	-0.17
Cash And Short Term Investments	0.56	-0.37	0.61	-0.76	0.34	0.89	0.48		-0.3	-0.36	0.92	-0.1	-0.24	-0.4	-0.45	0.53	-0.35	-0.13	-0.38	0.35	0.59	0.35	0.03	-0.47	-0.42	-0.44
Common Stock Shares Outstanding	0.01	0.87	-0.26	0.71	-0.92	-0.14	0.04	-0.3		0.89	-0.34	0.88	0.78	0.89	0.81	-0.28	0.82	0.43	0.82	-0.63	-0.22	-0.63	-0.76	0.78	0.64	0.86
Total Liab	-0.25	0.99	-0.52	0.85	-0.92	-0.3	-0.23	-0.36	0.89		-0.38	0.78	0.88	0.75	0.87	-0.48	0.86	0.34	0.89	-0.64	-0.49	-0.64	-0.72	0.9	0.8	0.73
Total Current Assets	0.6	-0.34	0.65	-0.71	0.42	0.69	0.51	0.92	-0.34	-0.38		-0.18	-0.3	-0.4	-0.45	0.55	-0.45	-0.17	-0.47	0.34	0.63	0.34	0.23	-0.52	-0.49	-0.45
Common Stock	0.13	0.71	-0.1	0.54	-0.91	0.08	0.16	-0.1	0.88	0.78	-0.18		0.89	0.65	0.85	-0.26	0.9	0.47	0.87	-0.26	-0.09	-0.26	-0.83	0.6	0.64	0.57
Other Current Liab	-0.12	0.82	-0.35	0.72	-0.91	-0.14	-0.09	-0.24	0.78	0.88	-0.3	0.89		0.52	0.92	-0.46	0.95	0.46	0.95	-0.23	-0.35	-0.23	-0.83	0.72	0.81	0.45
Property Plant And Equipment Net	-0.15	0.74	-0.36	0.69	-0.75	-0.31	-0.12	-0.4	0.89	0.75	-0.4	0.65	0.52		0.65	-0.25	0.6	0.27	0.62	-0.65	-0.32	-0.65	-0.5	0.7	0.52	0.98
Accounts Payable	-0.23	0.83	-0.45	0.82	-0.91	-0.36	-0.19	-0.45	0.81	0.87	-0.45	0.85	0.92	0.65		-0.55	0.9	0.41	0.9	-0.3	-0.43	-0.3	-0.71	0.69	0.74	0.59
Net Receivables	0.58	-0.44	0.65	-0.68	0.49	0.58	0.55	0.53	-0.28	-0.48	0.55	-0.26	-0.46	-0.25	-0.55		-0.55	-0.38	-0.54	0.11	0.66	0.11	0.41	-0.39	-0.45	-0.21
Non Current Liabilities Total	-0.25	0.77	-0.46	0.76	-0.97	-0.16	-0.2	-0.35	0.82	0.86	-0.45	0.9	0.95	0.6	0.9	-0.55		0.39	0.98	-0.26	-0.46	-0.26	-0.82	0.74	0.82	0.53
Other Stockholder Equity	0.42	0.35	0.27	0.28	-0.36	-0.14	0.47	-0.13	0.43	0.34	-0.17	0.47	0.46	0.27	0.41	-0.38	0.39		0.35	-0.17	0.29	-0.17	-0.7	0.19	0.14	0.21
Short Long Term Debt Total	-0.3	0.82	-0.51	0.81	-0.96	-0.21	-0.26	-0.38	0.82	0.89	-0.47	0.87	0.95	0.62	0.9	-0.54	0.98	0.35		-0.3	-0.5	-0.3	-0.78	0.82	0.9	0.57
Other Liab	0.08	-0.7	0.29	-0.53	0.44	0.29	0.07	0.35	-0.63	-0.64	0.34	-0.26	-0.23	-0.65	-0.3	0.11	-0.26	-0.17	-0.3		0.21	1.0	0.28	-0.69	-0.27	-0.75
Net Tangible Assets	0.97	-0.45	1.0	-0.72	0.43	0.57	0.96	0.59	-0.22	-0.49	0.63	-0.09	-0.35	-0.32	-0.43	0.66	-0.46	0.29	-0.5	0.21		0.21	0.08	-0.56	-0.62	-0.35
Current Deferred Revenue	0.08	-0.7	0.29	-0.53	0.44	0.29	0.07	0.35	-0.63	-0.64	0.34	-0.26	-0.23	-0.65	-0.3	0.11	-0.26	-0.17	-0.3	1.0	0.21		0.28	-0.69	-0.27	-0.75
Other Current Assets	-0.13	-0.66	0.09	-0.48	0.81	-0.11	-0.17	0.03	-0.76	-0.72	0.23	-0.83	-0.83	-0.5	-0.71	0.41	-0.82	-0.7	-0.78	0.28	0.08	0.28		-0.54	-0.55	-0.43
Short Long Term Debt	-0.38	0.9	-0.61	0.84	-0.79	-0.35	-0.35	-0.47	0.78	0.9	-0.52	0.6	0.72	0.7	0.69	-0.39	0.74	0.19	0.82	-0.69	-0.56	-0.69	-0.54		0.89	0.73
Short Term Debt	-0.45	0.75	-0.63	0.79	-0.78	-0.3	-0.42	-0.42	0.64	0.8	-0.49	0.64	0.81	0.52	0.74	-0.45	0.82	0.14	0.9	-0.27	-0.62	-0.27	-0.55	0.89		0.5
Property Plant Equipment	-0.2	0.74	-0.4	0.68	-0.69	-0.34	-0.17	-0.44	0.86	0.73	-0.45	0.57	0.45	0.98	0.59	-0.21	0.53	0.21	0.57	-0.75	-0.35	-0.75	-0.43	0.73	0.5

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Elcora Advanced Account Relationship Matchups

Elcora Advanced fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	350.0K	486.9K	1.7M	1.9M	1.7M	2.8M
Total Current Liabilities	1.5M	1.8M	1.1M	1.5M	2.5M	2.6M
Total Stockholder Equity	(1.8M)	(2.1M)	(143.3K)	(320.8K)	(1.4M)	(1.4M)
Net Debt	788.4K	914.7K	578.3K	924.3K	1.1M	1.2M
Retained Earnings	(21.8M)	(22.7M)	(23.6M)	(25.2M)	(26.5M)	(25.2M)
Cash	33.2K	290.4K	309.1K	15.2K	14.6K	13.9K
Non Current Assets Total	313.5K	175.6K	1.3M	1.8M	1.6M	2.3M
Cash And Short Term Investments	33.2K	290.4K	309.1K	15.2K	13.7K	13.0K
Common Stock Shares Outstanding	86.5M	87.1M	119.2M	159.6M	170.4M	178.9M
Liabilities And Stockholders Equity	350.0K	486.9K	1.7M	1.9M	1.7M	2.9M
Total Liab	2.2M	2.6M	1.8M	2.2M	3.2M	3.3M
Total Current Assets	36.4K	311.4K	390.7K	73.0K	76.8K	73.0K
Other Current Liab	938.1K	1.1M	658.5K	867.5K	997.7K	626.3K
Property Plant And Equipment Net	313.5K	175.6K	1.3M	1.8M	1.6M	1.7M
Accounts Payable	414.3K	300.6K	261.8K	378.6K	440.1K	241.8K
Net Receivables	2.4K	15.8K	5.9K	31.8K	28.6K	27.5K
Non Current Liabilities Total	665.5K	772.9K	680.3K	682.9K	695.3K	518.1K
Short Long Term Debt Total	821.6K	1.2M	887.5K	939.5K	1.1M	724.6K
Net Tangible Assets	(1.8M)	(2.1M)	(143.3K)	(320.8K)	(288.7K)	(274.3K)
Other Current Assets	808.0	5.2K	75.6K	26.0K	23.4K	22.2K
Short Long Term Debt	135.0K	422.0K	196.3K	241.3K	418.1K	439.0K
Short Term Debt	156.0K	432.2K	207.2K	256.6K	295.1K	179.0K
Property Plant Equipment	313.5K	175.6K	1.3M	1.8M	2.1M	2.2M
Long Term Debt	665.5K	772.9K	680.3K	682.9K	695.3K	641.1K
Net Invested Capital	(1.0M)	(936.8K)	733.2K	603.4K	(333.7K)	(317.0K)
Net Working Capital	(1.5M)	(1.5M)	(736.8K)	(1.4M)	(2.4M)	(2.3M)

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