High Price To Sales Ratio vs Capex To Depreciation Analysis

HITI Stock

CAD 4.49 0.04 0.88%

High Tide financial indicator trend analysis is much more than just examining High Tide latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether High Tide is a good investment. Please check the relationship between High Tide Price To Sales Ratio and its Capex To Depreciation accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in High Tide. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy High Stock please use our How to Invest in High Tide guide.

Price To Sales Ratio vs Capex To Depreciation

Price To Sales Ratio vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of High Tide Price To Sales Ratio account and Capex To Depreciation. At this time, the significance of the direction appears to have strong relationship.

The correlation between High Tide's Price To Sales Ratio and Capex To Depreciation is 0.73. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of High Tide, assuming nothing else is changed. The correlation between historical values of High Tide's Price To Sales Ratio and Capex To Depreciation 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 High Tide are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Price To Sales Ratio i.e., High Tide's Price To Sales Ratio and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

0.73

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Price To Sales Ratio

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

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.

Most indicators from High Tide's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into High Tide 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 High Tide. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy High Stock please use our How to Invest in High Tide guide.At this time, High Tide's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.41 in 2024, despite the fact that Tax Provision is likely to grow to (6.5 M).

	2021	2022	2023	2024 (projected)
Gross Profit	101.0M	131.3M	151.0M	158.6M
Total Revenue	356.9M	487.7M	560.8M	588.9M

Gross Profit Total Revenue

High Tide fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Cash	Non Current Assets Total	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Lease Obligations	Other Stockholder Equity	Total Liab	Net Invested Capital	Short Long Term Debt	Net Working Capital	Capital Stock
Other Current Liab		0.65	0.45	-0.63	0.89	0.73	0.78	0.67	0.57	0.67	0.72	0.77	0.86	0.82	0.58	0.9	0.68	-0.08	0.9	0.76	0.54	0.84	0.85	0.51	0.5	0.69
Total Current Liabilities	0.65		0.52	-0.93	0.68	0.45	0.88	0.96	0.71	0.95	0.95	0.94	0.86	0.9	0.94	0.84	0.97	-0.29	0.8	0.96	0.77	0.89	0.84	0.92	0.56	0.97
Net Tangible Assets	0.45	0.52		-0.74	0.57	0.8	0.52	0.69	0.03	0.74	0.75	0.69	0.66	0.76	0.77	0.65	0.7	-0.67	0.59	0.67	0.92	0.54	0.71	0.61	0.97	0.7
Retained Earnings	-0.63	-0.93	-0.74		-0.7	-0.63	-0.89	-0.98	-0.55	-0.98	-0.98	-0.96	-0.9	-0.94	-0.98	-0.88	-0.98	0.51	-0.84	-0.95	-0.91	-0.89	-0.91	-0.93	-0.77	-0.97
Accounts Payable	0.89	0.68	0.57	-0.7		0.69	0.78	0.7	0.51	0.7	0.75	0.78	0.87	0.83	0.64	0.9	0.71	-0.3	0.89	0.76	0.66	0.84	0.87	0.58	0.54	0.72
Other Assets	0.73	0.45	0.8	-0.63	0.69		0.54	0.63	0.14	0.64	0.67	0.72	0.73	0.74	0.63	0.74	0.6	-0.64	0.8	0.68	0.78	0.66	0.78	0.57	0.85	0.59
Net Receivables	0.78	0.88	0.52	-0.89	0.78	0.54		0.87	0.74	0.86	0.89	0.88	0.96	0.89	0.82	0.95	0.88	-0.25	0.89	0.88	0.7	0.97	0.94	0.77	0.55	0.89
Inventory	0.67	0.96	0.69	-0.98	0.7	0.63	0.87		0.56	0.99	0.99	0.98	0.89	0.95	0.98	0.87	0.99	-0.47	0.85	0.98	0.9	0.89	0.89	0.95	0.75	0.99
Other Current Assets	0.57	0.71	0.03	-0.55	0.51	0.14	0.74	0.56		0.55	0.55	0.6	0.66	0.54	0.52	0.66	0.57	0.11	0.63	0.66	0.27	0.75	0.61	0.57	0.03	0.58
Total Current Assets	0.67	0.95	0.74	-0.98	0.7	0.64	0.86	0.99	0.55		1.0	0.98	0.89	0.96	0.99	0.88	1.0	-0.46	0.84	0.98	0.92	0.88	0.9	0.93	0.78	0.99
Common Stock	0.72	0.95	0.75	-0.98	0.75	0.67	0.89	0.99	0.55	1.0		0.98	0.92	0.98	0.98	0.91	1.0	-0.44	0.86	0.98	0.91	0.89	0.92	0.91	0.79	0.99
Property Plant Equipment	0.77	0.94	0.69	-0.96	0.78	0.72	0.88	0.98	0.6	0.98	0.98		0.93	0.97	0.96	0.92	0.97	-0.48	0.92	0.99	0.89	0.93	0.93	0.94	0.75	0.96
Total Assets	0.86	0.86	0.66	-0.9	0.87	0.73	0.96	0.89	0.66	0.89	0.92	0.93		0.95	0.85	1.0	0.9	-0.36	0.96	0.92	0.8	0.98	1.0	0.79	0.69	0.9
Total Stockholder Equity	0.82	0.9	0.76	-0.94	0.83	0.74	0.89	0.95	0.54	0.96	0.98	0.97	0.95		0.93	0.95	0.96	-0.39	0.9	0.96	0.89	0.91	0.95	0.84	0.79	0.97
Cash	0.58	0.94	0.77	-0.98	0.64	0.63	0.82	0.98	0.52	0.99	0.98	0.96	0.85	0.93		0.83	0.98	-0.53	0.79	0.96	0.94	0.84	0.86	0.95	0.8	0.97
Non Current Assets Total	0.9	0.84	0.65	-0.88	0.9	0.74	0.95	0.87	0.66	0.88	0.91	0.92	1.0	0.95	0.83		0.88	-0.34	0.97	0.91	0.78	0.97	0.99	0.76	0.68	0.88
Common Stock Shares Outstanding	0.68	0.97	0.7	-0.98	0.71	0.6	0.88	0.99	0.57	1.0	1.0	0.97	0.9	0.96	0.98	0.88		-0.39	0.83	0.97	0.88	0.88	0.89	0.91	0.75	1.0
Short Term Investments	-0.08	-0.29	-0.67	0.51	-0.3	-0.64	-0.25	-0.47	0.11	-0.46	-0.44	-0.48	-0.36	-0.39	-0.53	-0.34	-0.39		-0.44	-0.42	-0.72	-0.36	-0.42	-0.61	-0.68	-0.37
Non Current Liabilities Total	0.9	0.8	0.59	-0.84	0.89	0.8	0.89	0.85	0.63	0.84	0.86	0.92	0.96	0.9	0.79	0.97	0.83	-0.44		0.9	0.76	0.96	0.96	0.79	0.65	0.82
Capital Lease Obligations	0.76	0.96	0.67	-0.95	0.76	0.68	0.88	0.98	0.66	0.98	0.98	0.99	0.92	0.96	0.96	0.91	0.97	-0.42	0.9		0.87	0.93	0.92	0.93	0.71	0.97
Other Stockholder Equity	0.54	0.77	0.92	-0.91	0.66	0.78	0.7	0.9	0.27	0.92	0.91	0.89	0.8	0.89	0.94	0.78	0.88	-0.72	0.76	0.87		0.75	0.84	0.86	0.93	0.88
Total Liab	0.84	0.89	0.54	-0.89	0.84	0.66	0.97	0.89	0.75	0.88	0.89	0.93	0.98	0.91	0.84	0.97	0.88	-0.36	0.96	0.93	0.75		0.97	0.83	0.58	0.88
Net Invested Capital	0.85	0.84	0.71	-0.91	0.87	0.78	0.94	0.89	0.61	0.9	0.92	0.93	1.0	0.95	0.86	0.99	0.89	-0.42	0.96	0.92	0.84	0.97		0.79	0.74	0.9
Short Long Term Debt	0.51	0.92	0.61	-0.93	0.58	0.57	0.77	0.95	0.57	0.93	0.91	0.94	0.79	0.84	0.95	0.76	0.91	-0.61	0.79	0.93	0.86	0.83	0.79		0.67	0.9
Net Working Capital	0.5	0.56	0.97	-0.77	0.54	0.85	0.55	0.75	0.03	0.78	0.79	0.75	0.69	0.79	0.8	0.68	0.75	-0.68	0.65	0.71	0.93	0.58	0.74	0.67		0.74
Capital Stock	0.69	0.97	0.7	-0.97	0.72	0.59	0.89	0.99	0.58	0.99	0.99	0.96	0.9	0.97	0.97	0.88	1.0	-0.37	0.82	0.97	0.88	0.88	0.9	0.9	0.74

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High Tide Account Relationship Matchups

High Tide fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	2.5M	10.0M	6.3M	3.7M	4.2M	3.6M
Total Current Liabilities	27.5M	40.8M	59.9M	58.1M	66.9M	70.2M
Net Tangible Assets	(2.6M)	(7.9M)	4.9M	10.9M	12.5M	13.1M
Retained Earnings	(34.4M)	(87.8M)	(168.1M)	(205.9M)	(185.3M)	(176.1M)
Accounts Payable	6.4M	18.5M	26.9M	8.4M	9.6M	9.4M
Other Assets	3.4M	3.0M	4.9M	3.2M	3.7M	3.1M
Net Receivables	2.7M	6.5M	7.9M	7.5M	8.6M	4.6M
Inventory	8.5M	17.0M	23.4M	26.0M	29.9M	31.4M
Total Current Assets	19.3M	46.3M	64.1M	68.6M	78.9M	82.9M
Common Stock	26.3M	32.6M	208.9M	279.5M	321.4M	337.5M
Property Plant Equipment	12.4M	29.5M	52.7M	62.0M	71.3M	74.9M
Total Assets	69.8M	246.2M	274.7M	233.4M	268.4M	141.7M
Total Stockholder Equity	10.2M	147.2M	156.4M	131.6M	151.3M	158.9M
Cash	7.5M	14.0M	25.1M	30.1M	34.6M	36.4M
Non Current Assets Total	50.5M	199.9M	210.7M	164.8M	189.5M	104.2M
Common Stock Shares Outstanding	16.0M	54.4M	71.0M	75.3M	86.6M	90.9M
Non Current Liabilities Total	30.6M	53.4M	52.8M	41.6M	47.8M	31.3M
Capital Lease Obligations	16.7M	29.8M	33.8M	35.0M	40.3M	42.3M
Other Stockholder Equity	7.9M	7.3M	10.9M	21.9M	25.2M	26.4M
Total Liab	58.1M	94.2M	112.7M	99.7M	114.7M	65.9M
Net Invested Capital	40.5M	172.9M	192.5M	169.0M	194.4M	97.9M
Short Long Term Debt	16.4M	6.5M	19.1M	25.0M	28.7M	30.2M
Net Working Capital	(8.2M)	5.5M	4.1M	10.5M	12.1M	12.7M
Capital Stock	32.6M	208.9M	279.5M	288.0M	331.2M	347.8M
Intangible Assets	12.0M	62.3M	62.1M	27.3M	31.4M	31.6M
Net Debt	22.8M	11.6M	11.0M	7.4M	6.6M	12.2M
Long Term Debt	13.9M	19.1M	17.0M	12.5M	11.3M	13.2M
Good Will	6.1M	79.9M	83.4M	76.2M	87.6M	54.9M

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