InsuraGuest Ptb Ratio vs Inventory Turnover Analysis

ISGI Stock  CAD 0.03  0.01  25.00%   
InsuraGuest Technologies financial indicator trend analysis is infinitely more than just investigating InsuraGuest Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether InsuraGuest Technologies is a good investment. Please check the relationship between InsuraGuest Technologies Ptb Ratio and its Inventory Turnover accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in InsuraGuest 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 gross domestic product.

Ptb Ratio vs Inventory Turnover

Ptb Ratio vs Inventory Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of InsuraGuest Technologies Ptb Ratio account and Inventory Turnover. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between InsuraGuest Technologies' Ptb Ratio and Inventory Turnover is -0.17. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of InsuraGuest Technologies, assuming nothing else is changed. The correlation between historical values of InsuraGuest Technologies' Ptb Ratio 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 Ptb Ratio of InsuraGuest Technologies 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 Ptb Ratio i.e., InsuraGuest Technologies' Ptb Ratio and Inventory Turnover go up and down completely randomly.

Correlation Coefficient

-0.17
Relationship DirectionNegative 
Relationship StrengthInsignificant

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

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 InsuraGuest Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into InsuraGuest Technologies 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 InsuraGuest 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 gross domestic product.
Selling General Administrative is likely to climb to about 1.4 M in 2024, despite the fact that Issuance Of Capital Stock is likely to grow to (37.2 K).
 2021 2023 2024 (projected)
Reconciled Depreciation25.1K28.8K25.9K
Cost Of Revenue96.2K329.1K345.6K

InsuraGuest Technologies fundamental ratios Correlations

0.40.7-0.620.970.810.530.690.120.360.7-0.130.970.650.650.620.260.890.630.660.550.41-0.34-0.13-0.27-0.13
0.4-0.3-0.620.320.620.830.710.330.97-0.3-0.270.32-0.370.090.760.310.550.640.780.580.46-0.49-0.27-0.45-0.27
0.7-0.3-0.160.790.350.00.18-0.21-0.361.00.320.761.00.490.07-0.040.460.070.080.110.010.060.320.160.32
-0.62-0.62-0.16-0.53-0.36-0.88-0.91-0.78-0.53-0.160.46-0.53-0.14-0.69-0.92-0.68-0.8-0.93-0.89-0.93-0.80.880.460.840.46
0.970.320.79-0.530.760.470.630.010.280.790.070.980.740.60.550.170.830.510.580.490.31-0.250.07-0.160.07
0.810.620.35-0.360.760.480.45-0.190.60.35-0.090.740.260.20.42-0.050.660.380.50.230.12-0.01-0.090.04-0.09
0.530.830.0-0.880.470.480.830.640.720.0-0.330.44-0.050.330.850.50.630.790.860.780.64-0.69-0.33-0.68-0.33
0.690.710.18-0.910.630.450.830.640.670.18-0.350.660.150.720.990.710.890.940.980.960.83-0.87-0.35-0.78-0.35
0.120.33-0.21-0.780.01-0.190.640.640.27-0.21-0.670.02-0.180.520.660.780.360.780.630.80.8-0.88-0.67-0.96-0.67
0.360.97-0.36-0.530.280.60.720.670.27-0.36-0.290.31-0.430.10.720.290.530.620.750.540.43-0.46-0.29-0.43-0.29
0.7-0.31.0-0.160.790.350.00.18-0.21-0.360.320.761.00.490.07-0.040.460.070.080.110.010.060.320.160.32
-0.13-0.270.320.460.07-0.09-0.33-0.35-0.67-0.290.320.030.32-0.42-0.39-0.68-0.31-0.62-0.46-0.46-0.690.541.00.631.0
0.970.320.76-0.530.980.740.440.660.020.310.760.030.710.660.570.220.860.550.60.520.35-0.30.03-0.20.03
0.65-0.371.0-0.140.740.26-0.050.15-0.18-0.431.00.320.710.50.04-0.020.420.040.040.10.010.060.320.150.32
0.650.090.49-0.690.60.20.330.720.520.10.49-0.420.660.50.670.720.830.760.650.760.76-0.73-0.42-0.62-0.42
0.620.760.07-0.920.550.420.850.990.660.720.07-0.390.570.040.670.730.860.940.980.960.84-0.89-0.39-0.79-0.39
0.260.31-0.04-0.680.17-0.050.50.710.780.29-0.04-0.680.22-0.020.720.730.580.770.750.830.98-0.86-0.68-0.79-0.68
0.890.550.46-0.80.830.660.630.890.360.530.46-0.310.860.420.830.860.580.840.870.80.71-0.67-0.31-0.53-0.31
0.630.640.07-0.930.510.380.790.940.780.620.07-0.620.550.040.760.940.770.840.940.960.89-0.91-0.62-0.89-0.62
0.660.780.08-0.890.580.50.860.980.630.750.08-0.460.60.040.650.980.750.870.940.940.86-0.84-0.46-0.75-0.46
0.550.580.11-0.930.490.230.780.960.80.540.11-0.460.520.10.760.960.830.80.960.940.91-0.96-0.46-0.9-0.46
0.410.460.01-0.80.310.120.640.830.80.430.01-0.690.350.010.760.840.980.710.890.860.91-0.91-0.69-0.84-0.69
-0.34-0.490.060.88-0.25-0.01-0.69-0.87-0.88-0.460.060.54-0.30.06-0.73-0.89-0.86-0.67-0.91-0.84-0.96-0.910.540.950.54
-0.13-0.270.320.460.07-0.09-0.33-0.35-0.67-0.290.321.00.030.32-0.42-0.39-0.68-0.31-0.62-0.46-0.46-0.690.540.631.0
-0.27-0.450.160.84-0.160.04-0.68-0.78-0.96-0.430.160.63-0.20.15-0.62-0.79-0.79-0.53-0.89-0.75-0.9-0.840.950.630.63
-0.13-0.270.320.460.07-0.09-0.33-0.35-0.67-0.290.321.00.030.32-0.42-0.39-0.68-0.31-0.62-0.46-0.46-0.690.541.00.63
Click cells to compare fundamentals

InsuraGuest Technologies Account Relationship Matchups

InsuraGuest Technologies fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets562.7K1.1M720.1K199.2K229.1K441.6K
Total Current Liabilities863.9K205.4K266.3K466.6K536.6K327.4K
Total Stockholder Equity(301.2K)930.9K453.8K(267.4K)(307.5K)(292.1K)
Retained Earnings(4.8M)(6.3M)(7.6M)(8.3M)(7.5M)(7.1M)
Cash362.3K870.0K567.8K88.7K102.0K96.9K
Non Current Assets Total136.8K117.7K56.3K31.2K35.9K70.0K
Net Receivables27.2K15.7K25.4K22.3K25.6K19.4K
Common Stock Shares Outstanding10.0M41.4M52.8M59.3M68.2M36.7M
Total Liab863.9K205.4K266.3K466.6K536.6K371.9K
Net Invested Capital(301.2K)930.9K453.8K(267.4K)(307.5K)(292.1K)
Total Current Assets425.9K1.0M663.8K168.0K193.2K183.6K
Net Working Capital(438.0K)813.2K397.5K(298.6K)(343.4K)(326.2K)
Net Tangible Assets150.3K(404.9K)849.6K397.5K457.2K480.0K
Accounts Payable133.8K145.3K153.1K200.0K230.0K116.8K
Other Stockholder Equity226.4K695.3K1.7M823.8K947.3K753.6K
Common Stock786.6K3.8M5.5M7.2M8.3M8.7M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for InsuraGuest Stock Analysis

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