Hammond Free Cash Flow Yield vs Days Sales Outstanding Analysis

HMM-A Stock

CAD 9.68 0.09 0.92%

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

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 Hammond Manufacturing Free Cash Flow Yield account and Days Sales Outstanding. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Hammond Manufacturing's Free Cash Flow Yield and Days Sales Outstanding is -0.13. 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 Hammond Manufacturing, assuming nothing else is changed. The correlation between historical values of Hammond Manufacturing'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 Hammond Manufacturing 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., Hammond Manufacturing's Free Cash Flow Yield and Days Sales Outstanding go up and down completely randomly.

Correlation Coefficient

-0.13

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

At this time, Hammond Manufacturing's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 5.76 in 2024, whereas Enterprise Value is likely to drop slightly above 38 M in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	190.1M	225.9M	238.3M	130.8M
Depreciation And Amortization	6.8M	7.6M	8.4M	8.9M

Total Revenue Depreciation And Amortization

Hammond Manufacturing fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Cash And Short Term Investments	Good Will	Cash	Current Deferred Revenue	Common Stock
Total Assets		0.98	0.77	0.99	0.99	1.0	0.79	0.97	0.14	0.99	-0.28	0.78	-0.72	0.88	0.99	0.72	-0.34	0.99	1.0	0.93	0.01	0.82	-0.3	0.81	0.88	-0.71
Short Long Term Debt Total	0.98		0.68	0.97	0.95	0.98	0.84	0.92	0.23	0.98	-0.17	0.77	-0.67	0.91	0.95	0.69	-0.22	0.99	0.96	0.94	-0.06	0.79	-0.23	0.79	0.89	-0.69
Other Current Liab	0.77	0.68		0.82	0.77	0.75	0.61	0.76	-0.12	0.75	-0.36	0.7	-0.48	0.55	0.8	0.6	-0.45	0.76	0.78	0.71	-0.01	0.47	-0.27	0.44	0.62	-0.42
Total Current Liabilities	0.99	0.97	0.82		0.98	0.98	0.8	0.96	0.08	0.98	-0.32	0.77	-0.71	0.82	0.98	0.71	-0.37	0.98	0.98	0.96	-0.08	0.76	-0.32	0.74	0.87	-0.68
Total Stockholder Equity	0.99	0.95	0.77	0.98		0.98	0.73	0.99	0.04	0.98	-0.38	0.73	-0.79	0.82	0.99	0.7	-0.42	0.96	0.99	0.94	0.01	0.85	-0.38	0.83	0.86	-0.75
Property Plant And Equipment Net	1.0	0.98	0.75	0.98	0.98		0.82	0.96	0.16	1.0	-0.27	0.8	-0.68	0.9	0.97	0.75	-0.33	0.99	0.98	0.93	-0.01	0.79	-0.28	0.78	0.9	-0.66
Net Debt	0.79	0.84	0.61	0.8	0.73	0.82		0.7	0.28	0.82	-0.07	0.91	-0.21	0.8	0.76	0.83	-0.18	0.84	0.75	0.74	-0.13	0.44	-0.13	0.44	0.81	-0.21
Retained Earnings	0.97	0.92	0.76	0.96	0.99	0.96	0.7		-0.02	0.96	-0.47	0.7	-0.8	0.78	0.99	0.71	-0.49	0.94	0.98	0.93	-0.01	0.85	-0.47	0.81	0.85	-0.74
Accounts Payable	0.14	0.23	-0.12	0.08	0.04	0.16	0.28	-0.02		0.17	0.67	0.37	0.16	0.49	0.02	-0.07	0.71	0.23	0.11	-0.03	0.5	0.18	0.46	0.25	0.11	-0.04
Non Current Assets Total	0.99	0.98	0.75	0.98	0.98	1.0	0.82	0.96	0.17		-0.26	0.8	-0.67	0.9	0.97	0.75	-0.32	1.0	0.98	0.92	0.0	0.79	-0.27	0.78	0.9	-0.66
Non Currrent Assets Other	-0.28	-0.17	-0.36	-0.32	-0.38	-0.27	-0.07	-0.47	0.67	-0.26		0.0	0.45	0.09	-0.4	-0.43	0.89	-0.19	-0.31	-0.4	0.35	-0.21	0.91	-0.11	-0.3	0.19
Net Receivables	0.78	0.77	0.7	0.77	0.73	0.8	0.91	0.7	0.37	0.8	0.0		-0.19	0.82	0.73	0.78	-0.11	0.82	0.76	0.62	0.19	0.51	0.0	0.51	0.74	-0.22
Common Stock Shares Outstanding	-0.72	-0.67	-0.48	-0.71	-0.79	-0.68	-0.21	-0.8	0.16	-0.67	0.45	-0.19		-0.46	-0.76	-0.22	0.37	-0.65	-0.76	-0.79	0.02	-0.87	0.45	-0.84	-0.53	0.96
Non Current Liabilities Total	0.88	0.91	0.55	0.82	0.82	0.9	0.8	0.78	0.49	0.9	0.09	0.82	-0.46		0.81	0.65	0.01	0.92	0.85	0.71	0.21	0.72	-0.02	0.74	0.82	-0.53
Inventory	0.99	0.95	0.8	0.98	0.99	0.97	0.76	0.99	0.02	0.97	-0.4	0.73	-0.76	0.81		0.71	-0.44	0.96	0.99	0.95	-0.06	0.8	-0.41	0.77	0.86	-0.71
Other Current Assets	0.72	0.69	0.6	0.71	0.7	0.75	0.83	0.71	-0.07	0.75	-0.43	0.78	-0.22	0.65	0.71		-0.57	0.72	0.68	0.64	-0.12	0.38	-0.36	0.34	0.81	-0.11
Other Stockholder Equity	-0.34	-0.22	-0.45	-0.37	-0.42	-0.33	-0.18	-0.49	0.71	-0.32	0.89	-0.11	0.37	0.01	-0.44	-0.57		-0.25	-0.35	-0.42	0.33	-0.18	0.74	-0.09	-0.36	0.14
Total Liab	0.99	0.99	0.76	0.98	0.96	0.99	0.84	0.94	0.23	1.0	-0.19	0.82	-0.65	0.92	0.96	0.72	-0.25		0.98	0.91	0.02	0.78	-0.22	0.77	0.89	-0.66
Total Current Assets	1.0	0.96	0.78	0.98	0.99	0.98	0.75	0.98	0.11	0.98	-0.31	0.76	-0.76	0.85	0.99	0.68	-0.35	0.98		0.94	0.03	0.84	-0.33	0.83	0.86	-0.75
Short Term Debt	0.93	0.94	0.71	0.96	0.94	0.93	0.74	0.93	-0.03	0.92	-0.4	0.62	-0.79	0.71	0.95	0.64	-0.42	0.91	0.94		-0.22	0.78	-0.41	0.75	0.83	-0.75
Intangible Assets	0.01	-0.06	-0.01	-0.08	0.01	-0.01	-0.13	-0.01	0.5	0.0	0.35	0.19	0.02	0.21	-0.06	-0.12	0.33	0.02	0.03	-0.22		0.23	0.36	0.27	-0.09	-0.09
Cash And Short Term Investments	0.82	0.79	0.47	0.76	0.85	0.79	0.44	0.85	0.18	0.79	-0.21	0.51	-0.87	0.72	0.8	0.38	-0.18	0.78	0.84	0.78	0.23		-0.23	1.0	0.65	-0.9
Good Will	-0.3	-0.23	-0.27	-0.32	-0.38	-0.28	-0.13	-0.47	0.46	-0.27	0.91	0.0	0.45	-0.02	-0.41	-0.36	0.74	-0.22	-0.33	-0.41	0.36	-0.23		-0.15	-0.31	0.22
Cash	0.81	0.79	0.44	0.74	0.83	0.78	0.44	0.81	0.25	0.78	-0.11	0.51	-0.84	0.74	0.77	0.34	-0.09	0.77	0.83	0.75	0.27	1.0	-0.15		0.63	-0.89
Current Deferred Revenue	0.88	0.89	0.62	0.87	0.86	0.9	0.81	0.85	0.11	0.9	-0.3	0.74	-0.53	0.82	0.86	0.81	-0.36	0.89	0.86	0.83	-0.09	0.65	-0.31	0.63		-0.49
Common Stock	-0.71	-0.69	-0.42	-0.68	-0.75	-0.66	-0.21	-0.74	-0.04	-0.66	0.19	-0.22	0.96	-0.53	-0.71	-0.11	0.14	-0.66	-0.75	-0.75	-0.09	-0.9	0.22	-0.89	-0.49

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Hammond Manufacturing Account Relationship Matchups

Hammond Manufacturing fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	111.4M	120.3M	137.0M	168.0M	189.5M	199.0M
Short Long Term Debt Total	36.6M	35.7M	35.5M	48.4M	56.5M	59.3M
Other Current Liab	10.2M	5K	17.0M	24.2M	17.1M	18.0M
Total Current Liabilities	42.5M	39.2M	45.7M	63.4M	66.9M	70.3M
Total Stockholder Equity	54.7M	61.5M	68.7M	81.5M	99.0M	103.9M
Property Plant And Equipment Net	46.1M	50.8M	56.1M	69.7M	77.2M	81.1M
Net Debt	35.8M	32.9M	31.5M	47.5M	47.6M	24.6M
Retained Earnings	41.8M	49.0M	56.3M	67.6M	85.7M	90.0M
Accounts Payable	6.6M	7.0M	10.2M	8.2M	8.5M	6.8M
Non Current Assets Total	48.4M	53.0M	58.4M	71.9M	79.6M	83.5M
Net Receivables	19.1M	20.5M	27.2M	30.0M	31.7M	18.0M
Liabilities And Stockholders Equity	111.4M	120.3M	137.0M	168.0M	189.5M	199.0M
Non Current Liabilities Total	14.2M	19.5M	22.5M	23.0M	23.6M	24.8M
Inventory	41.4M	42.1M	45.5M	63.3M	67.6M	70.9M
Other Current Assets	1.8M	1.9M	1.7M	1.9M	1.9M	1.2M
Total Liab	56.7M	58.7M	68.3M	86.5M	90.5M	95.1M
Total Current Assets	63.1M	67.2M	78.5M	96.1M	110.0M	115.5M
Short Term Debt	25.8M	20.6M	18.5M	31.0M	41.3M	43.4M
Intangible Assets	200K	233K	314K	238K	271K	243.4K
Accumulated Other Comprehensive Income	2.4M	2.0M	1.9M	3.4M	2.8M	1.6M
Cash And Short Term Investments	719K	2.8M	4.1M	942K	8.9M	9.3M
Cash	719K	2.8M	4.1M	942K	8.9M	9.3M
Other Liab	3.3M	4.4M	5.5M	5.6M	6.5M	4.2M
Net Tangible Assets	54.5M	61.3M	68.3M	81.3M	93.4M	66.5M
Net Invested Capital	77.8M	81.2M	90.4M	118.2M	144.2M	104.2M
Long Term Investments	846K	864K	836K	823K	929K	919.1K
Short Long Term Debt	23.0M	17.8M	15.5M	28.4M	38.9M	26.1M
Net Working Capital	20.5M	28.0M	32.8M	32.7M	43.1M	31.2M
Property Plant Equipment	46.1M	50.8M	56.1M	69.7M	80.2M	53.2M

Pair Trading with Hammond Manufacturing

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hammond Manufacturing position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hammond Manufacturing will appreciate offsetting losses from the drop in the long position's value.

Moving together with Hammond Stock

0.77	TD-PFI	Toronto Dominion Bank	Pair Corr
0.76	NVDA	NVIDIA CDR	Pair Corr

Moving against Hammond Stock

0.33

KDA

KDA Group

Pair Corr

The ability to find closely correlated positions to Hammond Manufacturing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hammond Manufacturing when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hammond Manufacturing - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hammond Manufacturing to buy it.

The correlation of Hammond Manufacturing is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hammond Manufacturing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hammond Manufacturing moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Hammond Manufacturing can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Hammond Stock Analysis

When running Hammond Manufacturing's price analysis, check to measure Hammond Manufacturing'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 Hammond Manufacturing is operating at the current time. Most of Hammond Manufacturing's value examination focuses on studying past and present price action to predict the probability of Hammond Manufacturing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hammond Manufacturing's price. Additionally, you may evaluate how the addition of Hammond Manufacturing to your portfolios can decrease your overall portfolio volatility.

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