NLIGHT Historical Financial Ratios
| LASR Stock | USD 11.11 0.26 2.40% |
NLIGHT is lately reporting on over 102 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 Days Sales Outstanding of 45.96 will help investors to properly organize and evaluate nLIGHT Inc financial condition quickly.
NLIGHT |
About NLIGHT Financial Ratios Analysis
nLIGHT IncFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate NLIGHT 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 NLIGHT financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across NLIGHT history.
NLIGHT Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing nLIGHT Inc stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on NLIGHT sales, a figure that is much harder to manipulate than other nLIGHT Inc 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.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.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Income Quality
An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.Intangibles To Total Assets
The ratio of a company's intangible assets (like goodwill and patents) to its total assets.Most ratios from NLIGHT's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into nLIGHT Inc 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in nLIGHT Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. At this time, NLIGHT's Capex To Operating Cash Flow is relatively stable compared to the past year. As of 11/22/2024, PFCF Ratio is likely to grow to 137.45, while Days Sales Outstanding is likely to drop 45.96.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 69.22 | 57.17 | 81.52 | 45.96 | PTB Ratio | 3.34 | 1.66 | 2.44 | 2.32 |
NLIGHT fundamentals Correlations
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NLIGHT Account Relationship Matchups
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NLIGHT fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 4.26 | 5.62 | 3.74 | 1.86 | 2.96 | 4.55 | |
| Ptb Ratio | 3.48 | 5.7 | 3.34 | 1.66 | 2.44 | 2.32 | |
| Days Sales Outstanding | 62.07 | 61.94 | 69.22 | 57.17 | 81.52 | 45.96 | |
| Book Value Per Share | 5.84 | 5.73 | 7.17 | 6.1 | 5.52 | 4.12 | |
| Free Cash Flow Yield | (0.0237) | (0.009027) | (0.0287) | (0.0805) | 0.007639 | 0.008021 | |
| Operating Cash Flow Per Share | 0.11 | (0.11) | 0.34 | (0.18) | (0.33) | 0.22 | |
| Stock Based Compensation To Revenue | 0.0251 | 0.0551 | 0.11 | 0.14 | 0.12 | 0.13 | |
| Capex To Depreciation | 1.41 | 1.43 | 1.78 | 1.38 | 0.33 | 0.32 | |
| Pb Ratio | 3.48 | 5.7 | 3.34 | 1.66 | 2.44 | 2.32 | |
| Ev To Sales | 3.6 | 5.22 | 3.26 | 1.69 | 2.78 | 4.17 | |
| Free Cash Flow Per Share | (0.48) | (0.29) | (0.69) | (0.82) | 0.1 | 0.11 | |
| Roic | 0.0622 | (0.0871) | (0.0918) | (0.0933) | (0.18) | (0.17) | |
| Inventory Turnover | 2.69 | 2.99 | 2.61 | 2.83 | 3.14 | 3.45 | |
| Days Of Inventory On Hand | 135.48 | 122.18 | 139.58 | 129.02 | 116.22 | 94.84 | |
| Payables Turnover | 9.79 | 7.76 | 7.32 | 10.92 | 13.46 | 7.52 | |
| Capex To Revenue | 0.0772 | 0.11 | 0.0798 | 0.0897 | 0.0254 | 0.0242 | |
| Cash Per Share | 3.16 | 2.67 | 3.48 | 2.44 | 2.45 | 2.11 | |
| Pocfratio | (177.5) | 96.06 | (135.6) | (30.98) | 61.64 | 40.32 | |
| Capex To Operating Cash Flow | (3.21) | 1.87 | (2.9) | (1.49) | 0.53 | 0.56 | |
| Pfcf Ratio | (42.12) | (110.78) | (34.8) | (12.43) | 130.9 | 137.45 | |
| Days Payables Outstanding | 37.3 | 47.03 | 49.87 | 33.41 | 27.11 | 44.54 | |
| Income Quality | 0.33 | (0.62) | 0.25 | 0.27 | (0.24) | (0.23) | |
| Roe | (0.0595) | (0.0952) | (0.0982) | (0.2) | (0.16) | (0.17) | |
| Ev To Operating Cash Flow | (149.86) | 89.21 | (118.29) | (28.08) | 57.77 | 38.63 | |
| Pe Ratio | (58.43) | (59.85) | (34.02) | (8.26) | (14.93) | (14.18) | |
| Return On Tangible Assets | (0.056) | (0.0796) | (0.0837) | (0.17) | (0.14) | (0.15) | |
| Ev To Free Cash Flow | (35.56) | (102.89) | (30.35) | (11.26) | 122.69 | 128.82 | |
| Earnings Yield | (0.0171) | (0.0167) | (0.0294) | (0.12) | (0.067) | (0.0636) | |
| Intangibles To Total Assets | 0.0795 | 0.0734 | 0.0512 | 0.0499 | 0.0458 | 0.0386 | |
| Net Debt To E B I T D A | 339.71 | 12.12 | 8.5 | 1.19 | 1.31 | 1.24 | |
| Current Ratio | 7.93 | 4.85 | 6.06 | 6.69 | 6.73 | 4.69 | |
| Tangible Book Value Per Share | 5.3 | 5.19 | 6.72 | 5.73 | 5.22 | 3.86 | |
| Receivables Turnover | 5.88 | 5.89 | 5.27 | 6.38 | 4.48 | 7.44 | |
| Graham Number | 6.75 | 8.39 | 10.66 | 12.98 | 10.6 | 6.38 | |
| Shareholders Equity Per Share | 5.84 | 5.73 | 7.17 | 6.1 | 5.52 | 4.12 | |
| Debt To Equity | 2.35E-4 | 0.0593 | 0.0585 | 0.0576 | 0.0557 | 0.0529 | |
| Capex Per Share | 0.37 | 0.63 | 0.51 | 0.49 | 0.12 | 0.11 |
Pair Trading with NLIGHT
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 NLIGHT 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 NLIGHT will appreciate offsetting losses from the drop in the long position's value.Moving against NLIGHT Stock
| 0.63 | PG | Procter Gamble | PairCorr |
| 0.45 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.31 | KO | Coca Cola Aggressive Push | PairCorr |
The ability to find closely correlated positions to NLIGHT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NLIGHT 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 NLIGHT - 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 nLIGHT Inc to buy it.
The correlation of NLIGHT 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 NLIGHT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if nLIGHT Inc 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 NLIGHT 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 NLIGHT Stock Analysis
When running NLIGHT's price analysis, check to measure NLIGHT'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 NLIGHT is operating at the current time. Most of NLIGHT's value examination focuses on studying past and present price action to predict the probability of NLIGHT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NLIGHT's price. Additionally, you may evaluate how the addition of NLIGHT to your portfolios can decrease your overall portfolio volatility.