ITP Historical Financial Ratios
| ITP Stock | USD 0.24 0.02 9.09% |
IT Tech is lately reporting on over 112 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 0.0176 or Days Sales Outstanding of 65.71 will help investors to properly organize and evaluate IT Tech Packaging financial condition quickly.
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About ITP Financial Ratios Analysis
IT Tech PackagingFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate IT Tech investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on ITP financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across IT Tech history.
IT Tech Financial Ratios Chart
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Dividend Yield
Dividend Yield is IT Tech Packaging dividend as a percentage of IT Tech stock price. IT Tech Packaging dividend yield is a measure of IT Tech stock productivity, which can be interpreted as interest rate earned on an IT Tech investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.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.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.Stock Based Compensation To Revenue
A metric that compares the total value of stock-based compensation granted by a company to its total revenue, indicating how much of the revenue is used to compensate employees with stock options or awards.Revenue Per Share
The amount of revenue generated by a company per share of stock, calculated by dividing total revenue by the average number of shares outstanding.Most ratios from IT Tech's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into IT Tech Packaging current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, 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 IT Tech Packaging. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, IT Tech's Intangibles To Total Assets are relatively stable compared to the past year.
| 2023 | 2024 (projected) | Dividend Yield | 0.007567 | 0.007189 | Price To Sales Ratio | 0.036 | 0.0342 |
IT Tech fundamentals Correlations
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IT Tech Account Relationship Matchups
High Positive Relationship
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IT Tech fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Days Sales Outstanding | 33.05 | 8.64 | 62.19 | 77.12 | 62.58 | 65.71 | |
| Book Value Per Share | 75.33 | 66.07 | 36.05 | 18.18 | 16.72 | 15.89 | |
| Free Cash Flow Yield | 0.0538 | (0.34) | (2.0) | (0.039) | (3.02) | (2.87) | |
| Operating Cash Flow Per Share | 3.42 | 6.09 | (0.41) | 1.07 | 1.28 | 1.21 | |
| Capex To Depreciation | 0.42 | 1.34 | 1.63 | 0.74 | 1.57 | 1.49 | |
| Ev To Sales | 0.35 | 0.26 | 0.27 | 0.12 | 0.1 | 0.13 | |
| Free Cash Flow Per Share | 0.51 | (1.87) | (4.6) | (0.018) | (0.94) | (0.98) | |
| Roic | 0.0145 | (0.0227) | 8.84E-4 | (0.0915) | (0.055) | (0.0523) | |
| Inventory Turnover | 64.66 | 77.19 | 25.64 | 33.28 | 9.5 | 9.03 | |
| Net Income Per Share | 1.01 | (2.1) | 0.15 | (1.66) | (0.99) | (0.94) | |
| Days Of Inventory On Hand | 5.65 | 4.73 | 14.24 | 10.97 | 38.41 | 26.24 | |
| Payables Turnover | 414.93 | 160.77 | 14.6K | 19.0K | 17.1K | 18.0K | |
| Research And Ddevelopement To Revenue | 6.36E-4 | 6.86E-4 | 6.3E-4 | 0.00145 | 0.001049 | 0.001101 | |
| Capex To Revenue | 0.0802 | 0.0253 | 0.0546 | 0.21 | 0.16 | 0.26 | |
| Cash Per Share | 2.65 | 1.56 | 1.87 | 0.96 | 0.39 | 0.37 | |
| Pocfratio | 2.75 | 0.91 | (5.65) | 0.43 | 0.24 | 0.23 | |
| Interest Coverage | 4.21 | (5.07) | 1.3 | (5.14) | (9.73) | (9.24) | |
| Capex To Operating Cash Flow | 0.85 | 1.31 | (10.29) | 1.02 | 1.73 | 1.82 | |
| Pfcf Ratio | 18.59 | (2.97) | (0.5) | (25.62) | (0.33) | (0.31) | |
| Days Payables Outstanding | 0.88 | 2.27 | 0.025 | 0.0192 | 0.0213 | 0.0202 | |
| Income Quality | 3.39 | (2.91) | (2.69) | (0.65) | (1.29) | (1.23) | |
| Roe | 0.0134 | (0.0317) | 0.004197 | (0.0914) | (0.0591) | (0.0561) | |
| Ev To Operating Cash Flow | 3.99 | 1.68 | (7.68) | 0.98 | 0.9 | 0.86 | |
| Pe Ratio | 9.33 | (2.66) | 15.2 | (0.28) | (0.31) | (0.3) | |
| Return On Tangible Assets | 0.0124 | (0.0296) | 0.003959 | (0.11) | (0.0878) | (0.0834) | |
| Ev To Free Cash Flow | 26.94 | (5.47) | (0.68) | (58.65) | (1.23) | (1.17) | |
| Earnings Yield | 0.11 | (0.38) | 0.0658 | (3.61) | (3.19) | (3.03) | |
| Intangibles To Total Assets | 0.0615 | 0.0625 | 0.053 | 0.28 | 0.42 | 0.44 | |
| Net Debt To E B I T D A | 0.48 | 1.22 | 0.22 | 0.54 | 1.51 | 1.43 | |
| Current Ratio | 1.43 | 0.81 | 2.72 | 2.67 | 1.32 | 1.02 | |
| Tangible Book Value Per Share | 70.03 | 61.36 | 33.91 | 12.4 | 8.63 | 8.2 | |
| Receivables Turnover | 11.04 | 42.25 | 5.87 | 4.73 | 5.83 | 5.54 | |
| Graham Number | 41.34 | 55.82 | 11.08 | 26.07 | 19.28 | 18.32 |
Pair Trading with IT Tech
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 IT Tech 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 IT Tech will appreciate offsetting losses from the drop in the long position's value.Moving against ITP Stock
The ability to find closely correlated positions to IT Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IT Tech 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 IT Tech - 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 IT Tech Packaging to buy it.
The correlation of IT Tech 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 IT Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IT Tech Packaging 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 IT Tech 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.Additional Tools for ITP Stock Analysis
When running IT Tech's price analysis, check to measure IT Tech'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 IT Tech is operating at the current time. Most of IT Tech's value examination focuses on studying past and present price action to predict the probability of IT Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IT Tech's price. Additionally, you may evaluate how the addition of IT Tech to your portfolios can decrease your overall portfolio volatility.