Hemostemix Average Inventory vs Inventory Turnover Analysis

HEM Stock

CAD 0.08 0.01 5.88%

Hemostemix financial indicator trend analysis is much more than just examining Hemostemix latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hemostemix is a good investment. Please check the relationship between Hemostemix Average Inventory and its Inventory Turnover accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hemostemix. 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.

Average Inventory vs Inventory Turnover

Average Inventory vs Inventory Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hemostemix Average Inventory account and Inventory Turnover. At this time, the significance of the direction appears to have pay attention.

The correlation between Hemostemix's Average Inventory and Inventory Turnover is -0.85. Overlapping area represents the amount of variation of Average Inventory that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of Hemostemix, assuming nothing else is changed. The correlation between historical values of Hemostemix's Average Inventory and Inventory Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Inventory of Hemostemix are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Average Inventory i.e., Hemostemix's Average Inventory and Inventory Turnover go up and down completely randomly.

Correlation Coefficient

-0.85

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Average Inventory

The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Most indicators from Hemostemix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hemostemix 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hemostemix. 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.

Issuance Of Capital Stock is likely to climb to about 2.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.3 M in 2024.

Hemostemix fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Long Term Investments	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Current Deferred Revenue
Total Assets		-0.31	-0.38	0.73	0.73	-0.02	-0.78	0.22	-0.17	0.94	-0.02	-0.13	0.95	0.21	-0.33	-0.2	0.18	-0.31	-0.44	0.07	1.0	0.2	-0.01	-0.01	-0.24	0.0
Other Current Liab	-0.31		0.71	-0.78	-0.73	-0.71	0.76	-0.87	0.57	-0.43	-0.7	0.63	-0.41	0.34	0.82	0.72	-0.42	0.9	0.86	-0.71	-0.27	-0.13	0.78	-0.71	0.44	-0.77
Total Current Liabilities	-0.38	0.71		-0.75	-0.79	-0.7	0.61	-0.76	0.8	-0.44	-0.72	0.66	-0.41	0.23	0.57	0.79	-0.69	0.72	0.77	-0.5	-0.33	-0.49	0.73	-0.69	0.19	-0.68
Total Stockholder Equity	0.73	-0.78	-0.75		0.99	0.54	-0.97	0.8	-0.52	0.7	0.54	-0.59	0.68	0.11	-0.84	-0.7	0.42	-0.84	-0.94	0.6	0.69	0.41	-0.63	0.54	-0.59	0.58
Net Tangible Assets	0.73	-0.73	-0.79	0.99		0.54	-0.94	0.79	-0.56	0.71	0.54	-0.56	0.69	0.09	-0.8	-0.69	0.45	-0.82	-0.91	0.53	0.7	0.5	-0.63	0.54	-0.53	0.59
Property Plant And Equipment Net	-0.02	-0.71	-0.7	0.54	0.54		-0.43	0.89	-0.65	0.02	1.0	-0.79	-0.03	-0.16	-0.7	-0.89	0.73	-0.79	-0.72	0.67	-0.09	0.34	-0.93	1.0	-0.46	0.97
Net Debt	-0.78	0.76	0.61	-0.97	-0.94	-0.43		-0.7	0.36	-0.76	-0.42	0.49	-0.74	-0.14	0.79	0.59	-0.31	0.76	0.87	-0.54	-0.75	-0.25	0.5	-0.43	0.6	-0.47
Retained Earnings	0.22	-0.87	-0.76	0.8	0.79	0.89	-0.7		-0.68	0.26	0.88	-0.79	0.23	-0.12	-0.92	-0.89	0.57	-0.97	-0.93	0.78	0.17	0.44	-0.96	0.89	-0.59	0.93
Accounts Payable	-0.17	0.57	0.8	-0.52	-0.56	-0.65	0.36	-0.68		-0.28	-0.64	0.6	-0.26	0.4	0.54	0.63	-0.64	0.69	0.58	-0.46	-0.13	-0.69	0.69	-0.64	0.0	-0.69
Cash	0.94	-0.43	-0.44	0.7	0.71	0.02	-0.76	0.26	-0.28		0.02	-0.13	0.99	-0.1	-0.33	-0.23	0.25	-0.36	-0.43	0.02	0.94	0.18	-0.07	0.04	-0.09	0.08
Non Current Assets Total	-0.02	-0.7	-0.72	0.54	0.54	1.0	-0.42	0.88	-0.64	0.02		-0.8	-0.04	-0.15	-0.68	-0.89	0.73	-0.77	-0.72	0.66	-0.09	0.33	-0.92	0.99	-0.45	0.95
Other Assets	-0.13	0.63	0.66	-0.59	-0.56	-0.79	0.49	-0.79	0.6	-0.13	-0.8		-0.08	0.0	0.62	0.91	-0.75	0.67	0.69	-0.71	-0.08	-0.21	0.85	-0.78	0.54	-0.72
Cash And Short Term Investments	0.95	-0.41	-0.41	0.68	0.69	-0.03	-0.74	0.23	-0.26	0.99	-0.04	-0.08		-0.11	-0.31	-0.16	0.16	-0.34	-0.41	0.01	0.95	0.17	-0.03	-0.02	-0.06	0.04
Net Receivables	0.21	0.34	0.23	0.11	0.09	-0.16	-0.14	-0.12	0.4	-0.1	-0.15	0.0	-0.11		-0.02	0.04	-0.15	0.17	-0.05	0.11	0.22	0.03	0.2	-0.16	-0.53	-0.26
Common Stock Shares Outstanding	-0.33	0.82	0.57	-0.84	-0.8	-0.7	0.79	-0.92	0.54	-0.33	-0.68	0.62	-0.31	-0.02		0.71	-0.32	0.96	0.94	-0.77	-0.28	-0.46	0.8	-0.7	0.67	-0.79
Inventory	-0.2	0.72	0.79	-0.7	-0.69	-0.89	0.59	-0.89	0.63	-0.23	-0.89	0.91	-0.16	0.04	0.71		-0.84	0.78	0.8	-0.73	-0.15	-0.37	0.89	-0.88	0.47	-0.84
Other Current Assets	0.18	-0.42	-0.69	0.42	0.45	0.73	-0.31	0.57	-0.64	0.25	0.73	-0.75	0.16	-0.15	-0.32	-0.84		-0.46	-0.45	0.44	0.13	0.37	-0.61	0.72	-0.05	0.62
Other Stockholder Equity	-0.31	0.9	0.72	-0.84	-0.82	-0.79	0.76	-0.97	0.69	-0.36	-0.77	0.67	-0.34	0.17	0.96	0.78	-0.46		0.94	-0.75	-0.26	-0.48	0.88	-0.79	0.54	-0.88
Total Liab	-0.44	0.86	0.77	-0.94	-0.91	-0.72	0.87	-0.93	0.58	-0.43	-0.72	0.69	-0.41	-0.05	0.94	0.8	-0.45	0.94		-0.77	-0.39	-0.43	0.81	-0.72	0.64	-0.75
Long Term Investments	0.07	-0.71	-0.5	0.6	0.53	0.67	-0.54	0.78	-0.46	0.02	0.66	-0.71	0.01	0.11	-0.77	-0.73	0.44	-0.75	-0.77		0.03	0.25	-0.7	0.65	-0.49	0.63
Total Current Assets	1.0	-0.27	-0.33	0.69	0.7	-0.09	-0.75	0.17	-0.13	0.94	-0.09	-0.08	0.95	0.22	-0.28	-0.15	0.13	-0.26	-0.39	0.03		0.18	0.05	-0.08	-0.21	-0.06
Intangible Assets	0.2	-0.13	-0.49	0.41	0.5	0.34	-0.25	0.44	-0.69	0.18	0.33	-0.21	0.17	0.03	-0.46	-0.37	0.37	-0.48	-0.43	0.25	0.18		-0.38	0.34	0.01	0.42
Common Stock	-0.01	0.78	0.73	-0.63	-0.63	-0.93	0.5	-0.96	0.69	-0.07	-0.92	0.85	-0.03	0.2	0.8	0.89	-0.61	0.88	0.81	-0.7	0.05	-0.38		-0.92	0.54	-0.95
Property Plant Equipment	-0.01	-0.71	-0.69	0.54	0.54	1.0	-0.43	0.89	-0.64	0.04	0.99	-0.78	-0.02	-0.16	-0.7	-0.88	0.72	-0.79	-0.72	0.65	-0.08	0.34	-0.92		-0.46	0.97
Short Long Term Debt Total	-0.24	0.44	0.19	-0.59	-0.53	-0.46	0.6	-0.59	0.0	-0.09	-0.45	0.54	-0.06	-0.53	0.67	0.47	-0.05	0.54	0.64	-0.49	-0.21	0.01	0.54	-0.46		-0.46
Current Deferred Revenue	0.0	-0.77	-0.68	0.58	0.59	0.97	-0.47	0.93	-0.69	0.08	0.95	-0.72	0.04	-0.26	-0.79	-0.84	0.62	-0.88	-0.75	0.63	-0.06	0.42	-0.95	0.97	-0.46

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Hemostemix Account Relationship Matchups

Hemostemix fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	104.3K	2.3M	563.0K	465.3K	313.8K	298.1K
Other Current Liab	2.1M	3.2M	1.0M	2.6M	3.0M	3.2M
Total Current Liabilities	4.1M	3.4M	4.4M	2.6M	2.9M	2.4M
Total Stockholder Equity	(4.0M)	(1.1M)	(5.3M)	(6.8M)	(7.4M)	(7.0M)
Net Tangible Assets	487.8K	(4.0M)	(1.1M)	(6.8M)	(6.1M)	(5.8M)
Net Debt	2.0M	(83.0K)	1.3M	4.0M	4.2M	4.4M
Retained Earnings	(41.5M)	(49.2M)	(55.5M)	(60.8M)	(63.3M)	(60.1M)
Accounts Payable	2.1M	3.2M	4.4M	2.4K	2.9M	1.6M
Cash	24.1K	258.0K	219.4K	135.7K	155.4K	147.6K
Non Current Assets Total	4.5K	2.0K	902.0	407.0	184.0	174.8
Cash And Short Term Investments	24.1K	258.0K	219.4K	135.7K	155.4K	147.6K
Net Receivables	75.8K	2.1M	342.7K	138.9K	25.1K	23.8K
Common Stock Shares Outstanding	15.0M	32.2M	57.4M	70.0M	82.5M	86.6M
Liabilities And Stockholders Equity	104.3K	2.3M	563.0K	465.3K	313.8K	298.1K
Inventory	(88.2K)	(13.3K)	(45.5K)	(342.7)	(394.1)	(413.81)
Other Current Assets	13.3K	45.5K	342.7	190.3K	133.1K	101.6K
Other Stockholder Equity	6.0M	8.7M	10.1M	10.2M	11.9M	12.5M
Total Liab	4.1M	3.4M	5.8M	7.2M	7.7M	8.1M
Total Current Assets	99.8K	2.3M	562.1K	464.9K	313.6K	297.9K
Accumulated Other Comprehensive Income	439.7K	1.5M	1.5M	2.7M	1.5M	1.5M
Net Invested Capital	(2.0M)	(923.7K)	(3.8M)	(2.6M)	(3.0M)	(2.9M)
Net Working Capital	(4.0M)	(1.1M)	(3.8M)	(2.2M)	(2.6M)	(2.4M)

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