Eskay Capex To Depreciation vs Price To Sales Ratio Analysis
| ESK Stock | CAD 0.23 0.06 35.29% |
Eskay Mining financial indicator trend analysis is much more than just examining Eskay Mining Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eskay Mining Corp is a good investment. Please check the relationship between Eskay Mining Capex To Depreciation and its Price To Sales Ratio accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eskay Mining 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.
Capex To Depreciation vs Price To Sales Ratio
Capex To Depreciation vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eskay Mining Corp Capex To Depreciation account and Price To Sales Ratio. At this time, the significance of the direction appears to have weak relationship.
The correlation between Eskay Mining's Capex To Depreciation and Price To Sales Ratio is 0.37. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Eskay Mining Corp, assuming nothing else is changed. The correlation between historical values of Eskay Mining's Capex To Depreciation and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Eskay Mining Corp are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Capex To Depreciation i.e., Eskay Mining's Capex To Depreciation and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | 0.37 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.Price To Sales Ratio
Price to Sales Ratio is figured by comparing Eskay Mining Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Eskay Mining sales, a figure that is much harder to manipulate than other Eskay Mining Corp 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.Most indicators from Eskay Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eskay Mining 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 Eskay Mining 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, Eskay Mining's Selling General Administrative is fairly stable compared to the past year. Tax Provision is expected to grow at the current pace this year, whereas Issuance Of Capital Stock is likely to drop slightly above 419.9 K in 2024.
Eskay Mining fundamental ratios Correlations
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Eskay Mining Account Relationship Matchups
High Positive Relationship
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When running Eskay Mining's price analysis, check to measure Eskay Mining's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eskay Mining is operating at the current time. Most of Eskay Mining's value examination focuses on studying past and present price action to predict the probability of Eskay Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eskay Mining's price. Additionally, you may evaluate how the addition of Eskay Mining to your portfolios can decrease your overall portfolio volatility.