HIVE Days Sales Outstanding vs Free Cash Flow Yield Analysis

HIVE Stock

CAD 5.74 0.10 1.77%

HIVE Blockchain financial indicator trend analysis is much more than just examining HIVE Blockchain Tech latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HIVE Blockchain Tech is a good investment. Please check the relationship between HIVE Blockchain Days Sales Outstanding and its Free Cash Flow Yield accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HIVE Blockchain Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Days Sales Outstanding vs Free Cash Flow Yield

Days Sales Outstanding vs Free Cash Flow Yield Correlation Analysis

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

The correlation between HIVE Blockchain's Days Sales Outstanding and Free Cash Flow Yield is 0.36. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of HIVE Blockchain Technologies, assuming nothing else is changed. The correlation between historical values of HIVE Blockchain's Days Sales Outstanding and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Sales Outstanding of HIVE Blockchain Technologies are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Days Sales Outstanding i.e., HIVE Blockchain's Days Sales Outstanding and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.36

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Days Sales Outstanding

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.

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

At this time, HIVE Blockchain's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to climb to about 6.5 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 29 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	3.9M	3.7M	3.6M	3.7M
Depreciation And Amortization	67.0M	81.7M	65.9M	69.2M

Interest Expense Depreciation And Amortization

HIVE Blockchain fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Inventory	Net Tangible Assets	Short Long Term Debt
Total Assets		0.92	0.57	0.94	1.0	0.97	-0.69	0.73	-0.59	0.92	0.35	0.97	0.77	0.92	0.7	0.46	0.82	0.95	0.91	0.95	0.97	0.94	0.9	0.95	0.93	0.95
Short Long Term Debt Total	0.92		0.4	0.91	0.9	0.88	-0.69	0.78	-0.68	0.91	0.44	0.87	0.65	0.87	0.73	0.3	0.86	0.9	0.93	1.0	0.92	0.95	0.9	0.9	0.9	0.94
Other Current Liab	0.57	0.4		0.68	0.59	0.54	-0.62	0.25	-0.67	0.34	0.19	0.54	0.41	0.77	0.33	0.68	0.6	0.54	0.61	0.46	0.57	0.6	0.7	0.53	0.7	0.63
Total Current Liabilities	0.94	0.91	0.68		0.94	0.93	-0.7	0.8	-0.8	0.9	0.23	0.88	0.57	0.93	0.57	0.4	0.88	0.96	0.98	0.93	0.95	0.99	0.97	0.95	0.99	0.99
Total Stockholder Equity	1.0	0.9	0.59	0.94		0.97	-0.69	0.72	-0.57	0.91	0.33	0.98	0.78	0.92	0.69	0.48	0.81	0.94	0.89	0.93	0.97	0.92	0.89	0.94	0.92	0.94
Property Plant And Equipment Net	0.97	0.88	0.54	0.93	0.97		-0.64	0.83	-0.54	0.95	0.15	0.98	0.71	0.87	0.53	0.44	0.77	0.91	0.89	0.9	0.91	0.91	0.86	0.9	0.91	0.93
Current Deferred Revenue	-0.69	-0.69	-0.62	-0.7	-0.69	-0.64		-0.32	0.71	-0.5	-0.58	-0.69	-0.59	-0.73	-0.72	-0.7	-0.92	-0.57	-0.65	-0.7	-0.67	-0.75	-0.82	-0.56	-0.66	-0.74
Net Debt	0.73	0.78	0.25	0.8	0.72	0.83	-0.32		-0.54	0.91	-0.22	0.71	0.26	0.6	0.16	-0.02	0.58	0.81	0.83	0.76	0.71	0.8	0.7	0.79	0.8	0.8
Retained Earnings	-0.59	-0.68	-0.67	-0.8	-0.57	-0.54	0.71	-0.54		-0.53	-0.26	-0.46	-0.13	-0.7	-0.43	-0.26	-0.86	-0.69	-0.83	-0.69	-0.69	-0.82	-0.88	-0.68	-0.79	-0.8
Accounts Payable	0.92	0.91	0.34	0.9	0.91	0.95	-0.5	0.91	-0.53		0.1	0.9	0.58	0.77	0.49	0.19	0.72	0.93	0.89	0.91	0.9	0.9	0.81	0.93	0.88	0.9
Cash	0.35	0.44	0.19	0.23	0.33	0.15	-0.58	-0.22	-0.26	0.1		0.3	0.6	0.45	0.9	0.45	0.48	0.22	0.23	0.44	0.38	0.31	0.36	0.23	0.22	0.28
Non Current Assets Total	0.97	0.87	0.54	0.88	0.98	0.98	-0.69	0.71	-0.46	0.9	0.3		0.83	0.89	0.65	0.55	0.75	0.86	0.83	0.89	0.89	0.87	0.83	0.86	0.87	0.89
Non Currrent Assets Other	0.77	0.65	0.41	0.57	0.78	0.71	-0.59	0.26	-0.13	0.58	0.6	0.83		0.75	0.77	0.72	0.52	0.55	0.49	0.68	0.67	0.56	0.54	0.56	0.57	0.57
Other Assets	0.92	0.87	0.77	0.93	0.92	0.87	-0.73	0.6	-0.7	0.77	0.45	0.89	0.75		0.7	0.61	0.82	0.86	0.9	0.9	0.91	0.91	0.92	0.86	0.95	0.91
Cash And Short Term Investments	0.7	0.73	0.33	0.57	0.69	0.53	-0.72	0.16	-0.43	0.49	0.9	0.65	0.77	0.7		0.46	0.72	0.59	0.56	0.75	0.72	0.64	0.66	0.6	0.55	0.62
Net Receivables	0.46	0.3	0.68	0.4	0.48	0.44	-0.7	-0.02	-0.26	0.19	0.45	0.55	0.72	0.61	0.46		0.47	0.22	0.28	0.33	0.34	0.37	0.45	0.21	0.4	0.38
Common Stock Shares Outstanding	0.82	0.86	0.6	0.88	0.81	0.77	-0.92	0.58	-0.86	0.72	0.48	0.75	0.52	0.82	0.72	0.47		0.8	0.86	0.87	0.85	0.92	0.96	0.8	0.84	0.91
Other Current Assets	0.95	0.9	0.54	0.96	0.94	0.91	-0.57	0.81	-0.69	0.93	0.22	0.86	0.55	0.86	0.59	0.22	0.8		0.95	0.93	0.98	0.95	0.91	1.0	0.94	0.96
Other Stockholder Equity	0.91	0.93	0.61	0.98	0.89	0.89	-0.65	0.83	-0.83	0.89	0.23	0.83	0.49	0.9	0.56	0.28	0.86	0.95		0.94	0.94	0.98	0.96	0.95	0.98	0.98
Total Liab	0.95	1.0	0.46	0.93	0.93	0.9	-0.7	0.76	-0.69	0.91	0.44	0.89	0.68	0.9	0.75	0.33	0.87	0.93	0.94		0.95	0.96	0.92	0.92	0.92	0.95
Total Current Assets	0.97	0.92	0.57	0.95	0.97	0.91	-0.67	0.71	-0.69	0.9	0.38	0.89	0.67	0.91	0.72	0.34	0.85	0.98	0.94	0.95		0.96	0.93	0.98	0.94	0.96
Short Term Debt	0.94	0.95	0.6	0.99	0.92	0.91	-0.75	0.8	-0.82	0.9	0.31	0.87	0.56	0.91	0.64	0.37	0.92	0.95	0.98	0.96	0.96		0.98	0.95	0.97	1.0
Common Stock	0.9	0.9	0.7	0.97	0.89	0.86	-0.82	0.7	-0.88	0.81	0.36	0.83	0.54	0.92	0.66	0.45	0.96	0.91	0.96	0.92	0.93	0.98		0.9	0.96	0.98
Inventory	0.95	0.9	0.53	0.95	0.94	0.9	-0.56	0.79	-0.68	0.93	0.23	0.86	0.56	0.86	0.6	0.21	0.8	1.0	0.95	0.92	0.98	0.95	0.9		0.94	0.95
Net Tangible Assets	0.93	0.9	0.7	0.99	0.92	0.91	-0.66	0.8	-0.79	0.88	0.22	0.87	0.57	0.95	0.55	0.4	0.84	0.94	0.98	0.92	0.94	0.97	0.96	0.94		0.98
Short Long Term Debt	0.95	0.94	0.63	0.99	0.94	0.93	-0.74	0.8	-0.8	0.9	0.28	0.89	0.57	0.91	0.62	0.38	0.91	0.96	0.98	0.95	0.96	1.0	0.98	0.95	0.98

Click cells to compare fundamentals

HIVE Blockchain Account Relationship Matchups

HIVE Blockchain fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	29.1M	178.3M	452.3M	196.1M	307.6M	323.0M
Short Long Term Debt Total	5.1M	30.9M	43.3M	35.4M	30.7M	32.3M
Other Current Liab	830.7K	73.1K	1.0M	4.3M	7.3M	7.7M
Total Current Liabilities	7.2M	9.9M	26.2M	21.9M	27.4M	28.7M
Total Stockholder Equity	21.1M	134.5M	389.1M	148.8M	259.7M	272.7M
Property Plant And Equipment Net	8.9M	24.7M	190.1M	98.2M	103.8M	109.0M
Net Debt	(73.1K)	(9.4M)	38.0M	31.0M	21.0M	22.1M
Retained Earnings	(173.2M)	(130.6M)	(60.2M)	(296.7M)	(347.9M)	(330.5M)
Accounts Payable	2.1M	3.5M	12.4M	6.9M	7.5M	7.8M
Cash	5.1M	40.3M	5.3M	4.4M	9.7M	5.6M
Non Current Assets Total	10.8M	70.8M	252.0M	113.6M	122.4M	128.5M
Non Currrent Assets Other	1.6M	45.5M	61.5M	15.4M	18.5M	20.6M
Cash And Short Term Investments	5.1M	41.3M	22.3M	7.2M	16.7M	17.5M
Net Receivables	9.1M	6.8M	8.0M	9.4M	6.9M	4.4M
Common Stock Shares Outstanding	65.4M	73.3M	84.8M	82.9M	90.0M	94.5M
Liabilities And Stockholders Equity	29.1M	178.3M	452.3M	196.1M	307.6M	323.0M
Other Current Assets	3.5M	57.5M	176.8M	75.3M	168.6M	177.0M
Other Stockholder Equity	5.4M	5.7M	15.2M	35.6M	41.0M	43.0M
Total Liab	8.0M	43.9M	63.2M	47.3M	47.9M	50.3M
Total Current Assets	18.3M	107.5M	200.3M	82.5M	185.2M	194.5M
Short Term Debt	4.3M	6.3M	12.8M	10.7M	12.6M	13.2M
Common Stock	188.5M	259.9M	413.7M	419.2M	499.2M	524.2M
Inventory	3.5M	57.5M	170.0M	65.9M	161.6M	169.7M
Accumulated Other Comprehensive Income	5.7M	5.2M	35.6M	26.3M	108.4M	113.8M
Net Tangible Assets	21.9M	21.1M	127.5M	388.7M	447.0M	469.4M
Short Long Term Debt	2.7M	4.4M	10.6M	8.4M	10.1M	10.6M
Property Plant Equipment	12.1M	8.7M	24.6M	190.1M	218.7M	229.6M
Non Current Liabilities Total	775.5K	34.0M	37.1M	25.4M	20.5M	16.2M
Short Term Investments	3.5M	981.7K	17.0M	2.9M	7.0M	6.5M
Net Invested Capital	23.8M	162.3M	419.7M	173.8M	282.2M	194.5M
Net Working Capital	11.1M	97.7M	174.1M	60.6M	157.9M	86.3M
Capital Stock	188.5M	259.9M	413.7M	419.2M	499.2M	360.9M

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