| KITS Stock | | | CAD 9.19 0.34 3.84% |
Kits Eyecare financial indicator trend analysis is infinitely more than just investigating Kits Eyecare recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kits Eyecare is a good investment. Please check the relationship between Kits Eyecare Pe Ratio and its Price To Sales Ratio accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kits Eyecare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Pe Ratio vs Price To Sales Ratio
Pe Ratio vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Kits Eyecare Pe Ratio account and
Price To Sales Ratio. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Kits Eyecare's Pe Ratio and Price To Sales Ratio is 0.81. Overlapping area represents the amount of variation of Pe Ratio that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Kits Eyecare, assuming nothing else is changed. The correlation between historical values of Kits Eyecare's Pe Ratio and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pe Ratio of Kits Eyecare are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Pe Ratio i.e., Kits Eyecare's Pe Ratio and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | 0.81 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Pe Ratio
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Kits Eyecare stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Kits Eyecare sales, a figure that is much harder to manipulate than other Kits Eyecare 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.
Most indicators from Kits Eyecare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kits Eyecare 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kits Eyecare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At this time, Kits Eyecare's
Issuance Of Capital Stock is very stable compared to the past year. As of the 1st of December 2024,
Sales General And Administrative To Revenue is likely to grow to 0.14, though
Tax Provision is likely to grow to (642.2
K).
Kits Eyecare fundamental ratios Correlations
Click cells to compare fundamentals
Kits Eyecare Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kits Eyecare fundamental ratios Accounts
Other Information on Investing in Kits Stock
Balance Sheet is a snapshot of the
financial position of Kits Eyecare at a specified time, usually calculated after every quarter, six months, or one year. Kits Eyecare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Kits Eyecare and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Kits currently owns. An asset can also be divided into two categories, current and non-current.