Nano Average Payables vs Ev To Sales Analysis

NANO Stock

0.81 0.02 2.41%

Nano One financial indicator trend analysis is infinitely more than just investigating Nano One Materials recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nano One Materials is a good investment. Please check the relationship between Nano One Average Payables and its Ev To Sales accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nano One Materials. 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.

Average Payables vs Ev To Sales

Average Payables vs Ev To Sales Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nano One Materials Average Payables account and Ev To Sales. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Nano One's Average Payables and Ev To Sales is -0.11. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of Nano One Materials, assuming nothing else is changed. The correlation between historical values of Nano One's Average Payables and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Nano One Materials are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Average Payables i.e., Nano One's Average Payables and Ev To Sales go up and down completely randomly.

Correlation Coefficient

-0.11

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.

Most indicators from Nano One's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nano One Materials 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 Nano One Materials. 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.

As of the 26th of November 2024, Enterprise Value is likely to grow to about 234.2 M, while Selling General Administrative is likely to drop about 3.1 M.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	11.3M	16.7M	33.0M	34.7M
Depreciation And Amortization	676.6K	1.1M	1.5M	1.6M

Other Operating Expenses Depreciation And Amortization

Nano One fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Non Currrent Assets Other	Other Current Assets	Short Term Investments	Other Current Liab	Inventory	Common Stock	Other Assets	Intangible Assets	Current Deferred Revenue	Cash And Equivalents	Short Term Debt
Total Assets		0.82	1.0	0.8	-0.96	-0.88	0.81	0.97	0.81	0.97	0.61	0.84	-0.13	0.85	0.98	0.84	0.73	-0.19	0.72	0.71	0.96	0.66	0.84	-0.75	0.99	0.8
Total Current Liabilities	0.82		0.8	0.95	-0.65	-0.97	0.98	0.69	0.96	0.68	0.36	0.77	-0.28	1.0	0.7	0.88	0.74	-0.18	0.97	0.86	0.93	0.39	0.75	-0.92	0.88	0.75
Total Stockholder Equity	1.0	0.8		0.78	-0.97	-0.86	0.79	0.98	0.78	0.98	0.63	0.83	-0.11	0.82	0.98	0.82	0.72	-0.19	0.69	0.69	0.94	0.68	0.83	-0.72	0.98	0.79
Property Plant And Equipment Net	0.8	0.95	0.78		-0.6	-0.96	0.98	0.64	1.0	0.63	0.45	0.69	-0.32	0.94	0.65	0.75	0.87	-0.32	0.96	0.78	0.91	0.41	0.67	-0.98	0.85	0.68
Net Debt	-0.96	-0.65	-0.97	-0.6		0.73	-0.63	-1.0	-0.61	-1.0	-0.61	-0.79	0.02	-0.69	-1.0	-0.76	-0.58	0.12	-0.51	-0.58	-0.85	-0.69	-0.8	0.54	-0.92	-0.74
Retained Earnings	-0.88	-0.97	-0.86	-0.96	0.73		-0.97	-0.76	-0.96	-0.75	-0.42	-0.75	0.25	-0.97	-0.77	-0.84	-0.78	0.32	-0.93	-0.79	-0.97	-0.41	-0.79	0.94	-0.93	-0.77
Accounts Payable	0.81	0.98	0.79	0.98	-0.63	-0.97		0.66	0.98	0.66	0.35	0.72	-0.3	0.98	0.68	0.82	0.77	-0.29	0.97	0.83	0.93	0.36	0.67	-0.97	0.87	0.69
Cash	0.97	0.69	0.98	0.64	-1.0	-0.76	0.66		0.64	1.0	0.59	0.8	-0.03	0.72	1.0	0.79	0.59	-0.13	0.55	0.61	0.87	0.68	0.81	-0.58	0.94	0.76
Non Current Assets Total	0.81	0.96	0.78	1.0	-0.61	-0.96	0.98	0.64		0.64	0.45	0.7	-0.32	0.95	0.66	0.76	0.86	-0.31	0.96	0.78	0.91	0.42	0.68	-0.97	0.86	0.69
Cash And Short Term Investments	0.97	0.68	0.98	0.63	-1.0	-0.75	0.66	1.0	0.64		0.59	0.8	-0.03	0.72	1.0	0.79	0.59	-0.12	0.55	0.61	0.87	0.68	0.81	-0.57	0.94	0.76
Net Receivables	0.61	0.36	0.63	0.45	-0.61	-0.42	0.35	0.59	0.45	0.59		0.56	-0.23	0.36	0.61	0.28	0.78	-0.16	0.34	0.31	0.51	0.82	0.6	-0.36	0.54	0.44
Common Stock Shares Outstanding	0.84	0.77	0.83	0.69	-0.79	-0.75	0.72	0.8	0.7	0.8	0.56		-0.29	0.78	0.81	0.74	0.61	-0.12	0.74	0.91	0.83	0.81	0.85	-0.58	0.81	0.92
Other Stockholder Equity	-0.13	-0.28	-0.11	-0.32	0.02	0.25	-0.3	-0.03	-0.32	-0.03	-0.23	-0.29		-0.26	-0.04	-0.15	-0.35	0.27	-0.37	-0.35	-0.29	-0.25	-0.15	0.29	-0.15	-0.21
Total Liab	0.85	1.0	0.82	0.94	-0.69	-0.97	0.98	0.72	0.95	0.72	0.36	0.78	-0.26		0.73	0.9	0.72	-0.17	0.95	0.86	0.94	0.4	0.76	-0.91	0.9	0.77
Total Current Assets	0.98	0.7	0.98	0.65	-1.0	-0.77	0.68	1.0	0.66	1.0	0.61	0.81	-0.04	0.73		0.79	0.62	-0.13	0.57	0.62	0.88	0.69	0.81	-0.59	0.94	0.76
Non Currrent Assets Other	0.84	0.88	0.82	0.75	-0.76	-0.84	0.82	0.79	0.76	0.79	0.28	0.74	-0.15	0.9	0.79		0.51	0.11	0.78	0.75	0.87	0.34	0.73	-0.7	0.86	0.74
Other Current Assets	0.73	0.74	0.72	0.87	-0.58	-0.78	0.77	0.59	0.86	0.59	0.78	0.61	-0.35	0.72	0.62	0.51		-0.33	0.76	0.56	0.77	0.62	0.64	-0.8	0.74	0.57
Short Term Investments	-0.19	-0.18	-0.19	-0.32	0.12	0.32	-0.29	-0.13	-0.31	-0.12	-0.16	-0.12	0.27	-0.17	-0.13	0.11	-0.33		-0.24	-0.16	-0.28	-0.16	-0.09	0.41	-0.23	-0.08
Other Current Liab	0.72	0.97	0.69	0.96	-0.51	-0.93	0.97	0.55	0.96	0.55	0.34	0.74	-0.37	0.95	0.57	0.78	0.76	-0.24		0.88	0.86	0.37	0.66	-0.92	0.78	0.73
Inventory	0.71	0.86	0.69	0.78	-0.58	-0.79	0.83	0.61	0.78	0.61	0.31	0.91	-0.35	0.86	0.62	0.75	0.56	-0.16	0.88		0.8	0.58	0.7	-0.72	0.73	0.82
Common Stock	0.96	0.93	0.94	0.91	-0.85	-0.97	0.93	0.87	0.91	0.87	0.51	0.83	-0.29	0.94	0.88	0.87	0.77	-0.28	0.86	0.8		0.55	0.82	-0.87	0.98	0.81
Other Assets	0.66	0.39	0.68	0.41	-0.69	-0.41	0.36	0.68	0.42	0.68	0.82	0.81	-0.25	0.4	0.69	0.34	0.62	-0.16	0.37	0.58	0.55		0.68	-0.29	0.58	0.67
Intangible Assets	0.84	0.75	0.83	0.67	-0.8	-0.79	0.67	0.81	0.68	0.81	0.6	0.85	-0.15	0.76	0.81	0.73	0.64	-0.09	0.66	0.7	0.82	0.68		-0.59	0.81	0.89
Current Deferred Revenue	-0.75	-0.92	-0.72	-0.98	0.54	0.94	-0.97	-0.58	-0.97	-0.57	-0.36	-0.58	0.29	-0.91	-0.59	-0.7	-0.8	0.41	-0.92	-0.72	-0.87	-0.29	-0.59		-0.82	-0.55
Cash And Equivalents	0.99	0.88	0.98	0.85	-0.92	-0.93	0.87	0.94	0.86	0.94	0.54	0.81	-0.15	0.9	0.94	0.86	0.74	-0.23	0.78	0.73	0.98	0.58	0.81	-0.82		0.77
Short Term Debt	0.8	0.75	0.79	0.68	-0.74	-0.77	0.69	0.76	0.69	0.76	0.44	0.92	-0.21	0.77	0.76	0.74	0.57	-0.08	0.73	0.82	0.81	0.67	0.89	-0.55	0.77

Click cells to compare fundamentals

Nano One Account Relationship Matchups

Nano One fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.9M	31.0M	55.4M	56.1M	53.0M	55.6M
Total Current Liabilities	912.8K	1.4M	946.7K	2.0M	4.1M	4.4M
Total Stockholder Equity	1.9M	28.9M	53.8M	53.4M	47.5M	49.9M
Property Plant And Equipment Net	768.0K	1.5M	1.8M	13.3M	18.4M	19.3M
Net Debt	(1.5M)	(27.0M)	(51.9M)	(38.7M)	(30.7M)	(29.2M)
Retained Earnings	(21.4M)	(26.6M)	(37.8M)	(53.6M)	(84.7M)	(80.5M)
Accounts Payable	134.7K	529.4K	784.0K	1.9M	3.7M	3.9M
Cash	1.7M	27.8M	52.7M	39.4M	32.4M	34.1M
Non Current Assets Total	813.6K	1.8M	2.0M	13.4M	18.7M	19.6M
Cash And Short Term Investments	1.9M	28.8M	52.7M	39.4M	32.4M	34.1M
Net Receivables	147.7K	362.0K	411.5K	1.5M	391.7K	208.7K
Common Stock Shares Outstanding	66.6M	79.1M	93.9M	98.2M	105.1M	110.3M
Liabilities And Stockholders Equity	2.9M	31.0M	55.4M	56.1M	53.0M	55.6M
Other Stockholder Equity	3.2M	4.7M	9.0M	171K	153.9K	146.2K
Total Liab	1.1M	2.1M	1.6M	2.6M	5.5M	5.8M
Total Current Assets	2.1M	29.2M	53.3M	42.6M	34.3M	36.0M
Other Current Assets	25.2K	42.0K	(22.6K)	1.4M	738.3K	775.2K
Accumulated Other Comprehensive Income	3.2M	4.7M	9.0M	10.2M	7.2M	7.5M
Common Stock	20.1M	50.7M	82.6M	96.7M	125.0M	131.3M
Intangible Assets	24.3K	22.7K	25.7K	31.7K	37.9K	19.8K
Cash And Equivalents	315.9K	1.7M	27.8M	52.7M	60.6M	63.6M
Short Term Debt	101.7K	88.8K	143.7K	186.8K	374.2K	393.0K
Property Plant Equipment	727.8K	768.0K	1.5M	1.8M	2.1M	1.4M
Net Tangible Assets	4.1M	1.8M	28.9M	53.7M	61.8M	64.9M
Non Current Liabilities Total	151.7K	621.2K	656.2K	587.1K	1.3M	1.4M
Net Invested Capital	1.9M	28.9M	53.8M	53.4M	47.5M	30.8M
Net Working Capital	1.2M	27.7M	52.4M	40.6M	30.1M	25.2M
Capital Stock	20.1M	50.7M	82.6M	96.7M	125.0M	72.2M

Pair Trading with Nano One

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 Nano One 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 Nano One will appreciate offsetting losses from the drop in the long position's value.

Moving together with Nano Stock

0.67	IE	Ivanhoe Energy	Pair Corr
0.7	FDY	Faraday Copper Corp	Pair Corr

The ability to find closely correlated positions to Nano One could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nano One 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 Nano One - 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 Nano One Materials to buy it.

The correlation of Nano One 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 Nano One moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nano One Materials 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 Nano One 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 Correlation Correlation Matching

Other Information on Investing in Nano Stock

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

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Nano Average Payables vs Ev To Sales Analysis

Average Payables vs Ev To Sales

Average Payables vs Ev To Sales Correlation Analysis

Correlation Coefficient

Average Payables

Ev To Sales

Nano One fundamental ratios Correlations

Nano One Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nano One fundamental ratios Accounts

Pair Trading with Nano One

Moving together with Nano Stock

Other Information on Investing in Nano Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash And Short Term Investments

Total Current Assets	- 1.0	Net Debt
Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Current Deferred Revenue	- 0.98	Property Plant And Equipment Net
Current Deferred Revenue	- 0.97	Non Current Assets Total
Current Deferred Revenue	- 0.97	Accounts Payable