Leons Price To Sales Ratio vs Cash Per Share Analysis

LNF Stock  CAD 26.70  0.14  0.53%   
Leons Furniture financial indicator trend analysis is infinitely more than just investigating Leons Furniture recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Leons Furniture is a good investment. Please check the relationship between Leons Furniture Price To Sales Ratio and its Cash Per Share accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Leons Furniture Limited. 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.

Price To Sales Ratio vs Cash Per Share

Price To Sales Ratio vs Cash Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Leons Furniture Price To Sales Ratio account and Cash Per Share. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Leons Furniture's Price To Sales Ratio and Cash Per Share is 0.15. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Cash Per Share in the same time period over historical financial statements of Leons Furniture Limited, assuming nothing else is changed. The correlation between historical values of Leons Furniture's Price To Sales Ratio and Cash Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Leons Furniture Limited are associated (or correlated) with its Cash Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash Per Share has no effect on the direction of Price To Sales Ratio i.e., Leons Furniture's Price To Sales Ratio and Cash Per Share go up and down completely randomly.

Correlation Coefficient

0.15
Relationship DirectionPositive 
Relationship StrengthInsignificant

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Leons Furniture stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Leons Furniture sales, a figure that is much harder to manipulate than other Leons Furniture Limited 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.

Cash Per Share

Most indicators from Leons Furniture's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Leons Furniture 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 Leons Furniture Limited. 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, Leons Furniture's Selling General Administrative is very stable compared to the past year. As of the 26th of November 2024, Tax Provision is likely to grow to about 46.8 M, while Sales General And Administrative To Revenue is likely to drop 0.16.
 2021 2022 2023 2024 (projected)
Gross Profit1.1B1.1B1.1B570.4M
Total Revenue2.5B2.5B2.5B1.3B

Leons Furniture fundamental ratios Correlations

0.250.660.90.90.910.520.880.710.480.880.620.440.750.140.770.83-0.350.910.540.920.120.88-0.120.710.65
0.250.180.140.230.430.290.25-0.130.090.220.110.260.12-0.380.280.110.280.230.240.240.520.280.270.130.1
0.660.180.870.490.690.040.420.160.810.580.490.760.52-0.10.350.580.070.730.690.80.390.850.230.750.68
0.90.140.870.740.810.220.690.550.730.740.50.660.620.150.530.72-0.120.860.560.940.320.930.020.80.65
0.90.230.490.740.860.340.990.620.420.760.460.480.72-0.010.570.76-0.440.710.520.890.210.760.170.630.74
0.910.430.690.810.860.430.820.410.570.790.530.580.66-0.040.670.71-0.310.820.630.890.240.820.180.650.71
0.520.290.040.220.340.430.380.52-0.350.730.63-0.40.64-0.050.910.64-0.40.630.350.19-0.320.32-0.60.070.22
0.880.250.420.690.990.820.380.650.340.760.450.410.720.020.590.75-0.440.690.460.850.180.730.120.560.68
0.71-0.130.160.550.620.410.520.650.050.710.44-0.050.610.370.660.69-0.420.660.120.52-0.20.56-0.520.350.31
0.480.090.810.730.420.57-0.350.340.050.280.170.950.180.030.030.250.020.450.40.720.40.690.480.740.54
0.880.220.580.740.760.790.730.760.710.280.760.230.91-0.050.920.95-0.470.970.660.74-0.030.85-0.260.570.72
0.620.110.490.50.460.530.630.450.440.170.760.090.82-0.240.80.79-0.320.770.680.52-0.340.65-0.330.590.56
0.440.260.760.660.480.58-0.40.41-0.050.950.230.090.18-0.14-0.050.230.070.370.440.720.580.650.680.70.6
0.750.120.520.620.720.660.640.720.610.180.910.820.18-0.330.780.98-0.450.850.810.68-0.020.77-0.140.580.82
0.14-0.38-0.10.15-0.01-0.04-0.050.020.370.03-0.05-0.24-0.14-0.330.01-0.21-0.05-0.01-0.67-0.01-0.3-0.08-0.47-0.18-0.47
0.770.280.350.530.570.670.910.590.660.030.920.8-0.050.780.010.82-0.450.870.50.52-0.270.65-0.490.40.46
0.830.110.580.720.760.710.640.750.690.250.950.790.230.98-0.210.82-0.450.920.760.750.010.84-0.180.630.81
-0.350.280.07-0.12-0.44-0.31-0.4-0.44-0.420.02-0.47-0.320.07-0.45-0.05-0.45-0.45-0.34-0.22-0.220.45-0.210.17-0.16-0.41
0.910.230.730.860.710.820.630.690.660.450.970.770.370.85-0.010.870.92-0.340.680.810.040.92-0.230.690.7
0.540.240.690.560.520.630.350.460.120.40.660.680.440.81-0.670.50.76-0.220.680.630.230.680.270.650.89
0.920.240.80.940.890.890.190.850.520.720.740.520.720.68-0.010.520.75-0.220.810.630.330.920.220.850.77
0.120.520.390.320.210.24-0.320.18-0.20.4-0.03-0.340.58-0.02-0.3-0.270.010.450.040.230.330.290.620.210.24
0.880.280.850.930.760.820.320.730.560.690.850.650.650.77-0.080.650.84-0.210.920.680.920.290.050.820.78
-0.120.270.230.020.170.18-0.60.12-0.520.48-0.26-0.330.68-0.14-0.47-0.49-0.180.17-0.230.270.220.620.050.180.38
0.710.130.750.80.630.650.070.560.350.740.570.590.70.58-0.180.40.63-0.160.690.650.850.210.820.180.69
0.650.10.680.650.740.710.220.680.310.540.720.560.60.82-0.470.460.81-0.410.70.890.770.240.780.380.69
Click cells to compare fundamentals

Leons Furniture Account Relationship Matchups

Leons Furniture fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.1B2.4B2.5B2.2B2.2B1.1B
Short Long Term Debt Total556.5M491.1M456.3M557.2M453.9M402.5M
Other Current Liab153.8M214.5M469.6M148.4M159.2M167.2M
Total Current Liabilities571.0M820.7M1.2B610.2M622.1M335.8M
Total Stockholder Equity915.8M1.0B791.2M928.9M1.0B535.2M
Property Plant And Equipment Net720.8M714.4M657.8M608.5M651.8M327.4M
Net Debt467.5M122.5M74.1M442.1M371.2M389.7M
Retained Earnings793.1M842.6M627.2M762.9M856.9M479.1M
Accounts Payable134.0M171.6M145.3M141.2M151.6M122.0M
Cash89.0M368.6M382.1M115.1M82.7M79.0M
Non Current Assets Total1.4B1.4B1.4B1.3B1.4B1.5B
Non Currrent Assets Other11.6M17.6M19.9M21.9M22.6M23.8M
Cash And Short Term Investments197.2M490.8M490.0M226.0M187.1M169.4M
Net Receivables144.1M134.8M162.3M188.7M204.9M215.2M
Common Stock Shares Outstanding83.7M82.1M79.1M68.2M68.7M62.6M
Liabilities And Stockholders Equity2.1B2.4B2.5B2.2B2.2B1.1B
Non Current Liabilities Total643.2M581.8M462.2M654.5M571.2M599.8M
Inventory334.4M332.1M395.6M410.6M416.6M437.4M
Other Stockholder Equity3.5M31K14.0M3.4M3.0M2.9M
Total Liab1.2B1.4B1.7B1.3B1.2B1.3B
Property Plant And Equipment Gross720.8M714.4M1.5B1.5B1.6B1.7B
Total Current Assets698.3M982.0M1.1B851.9M835.1M456.1M
Accumulated Other Comprehensive Income3.4M8.7M14.0M3.4M6.8M7.1M
Short Term Debt95.6M73.5M164.9M81.9M82.6M70.4M
Current Deferred Revenue187.5M361.2M419.9M238.7M228.6M240.0M
Short Term Investments108.1M122.2M107.8M110.8M104.4M97.6M
Other Current Assets625K24.3M27.4M26.6M12.6M9.0M
Common Stock Total Equity93.4M112.0M115.7M164.7M189.4M198.8M
Common Stock115.7M164.7M150.0M162.6M164.9M90.3M
Intangible Assets271.8M270.5M270.2M269.7M271.2M225.3M
Other Liab167.6M164.2M170.8M179.2M161.3M152.2M
Net Tangible Assets253.8M355.4M130.9M269.0M309.4M324.8M
Other Assets44.7M45.3M44.9M38.6M44.4M35.4M
Long Term Debt118.8M90.4M0.0226.9M92.5M163.8M
Deferred Long Term Liab16.9M17.6M19.9M21.9M25.2M16.2M
Property Plant Equipment737.4M730.6M672.7M608.5M699.7M533.3M
Long Term Debt Total460.9M417.7M291.3M475.3M546.6M359.3M
Capital Lease Obligations412.7M400.7M366.3M322.9M353.9M259.6M

Pair Trading with Leons Furniture

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 Leons Furniture 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 Leons Furniture will appreciate offsetting losses from the drop in the long position's value.

Moving against Leons Stock

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The ability to find closely correlated positions to Leons Furniture could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Leons Furniture 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 Leons Furniture - 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 Leons Furniture Limited to buy it.
The correlation of Leons Furniture 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 Leons Furniture moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Leons Furniture 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 Leons Furniture 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 CorrelationCorrelation Matching

Other Information on Investing in Leons Stock

Balance Sheet is a snapshot of the financial position of Leons Furniture at a specified time, usually calculated after every quarter, six months, or one year. Leons Furniture Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Leons Furniture 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 Leons currently owns. An asset can also be divided into two categories, current and non-current.