New Ptb Ratio vs Ev To Sales Analysis

NSE Stock

CAD 0.72 0.02 2.86%

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

Ptb Ratio vs Ev To Sales

Ptb Ratio vs Ev To Sales Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Stratus Energy Ptb Ratio account and Ev To Sales. At this time, the significance of the direction appears to have strong relationship.

The correlation between New Stratus' Ptb Ratio and Ev To Sales is 0.63. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of New Stratus Energy, assuming nothing else is changed. The correlation between historical values of New Stratus' Ptb Ratio 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 Ptb Ratio of New Stratus Energy 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 Ptb Ratio i.e., New Stratus' Ptb Ratio and Ev To Sales go up and down completely randomly.

Correlation Coefficient

0.63

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

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.

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 New Stratus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Stratus Energy 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 New Stratus Energy. 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, New Stratus' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 66.7 M in 2024, whereas Tax Provision is likely to drop 4,242 in 2024.

New Stratus 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	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Other Current Assets	Non Currrent Assets Other	Inventory	Common Stock	Short Long Term Debt Total	Short Term Debt	Other Liab	Net Tangible Assets	Short Term Investments
Total Assets		0.78	0.95	-0.02	-0.79	0.2	0.84	0.76	0.01	0.76	0.88	0.85	0.64	-0.19	0.98	1.0	0.78	0.96	-0.01	0.73	0.84	-0.61	-0.61	0.54	0.91	-0.46
Total Current Liabilities	0.78		0.55	0.07	-0.25	0.35	0.99	0.19	0.11	0.19	0.98	0.41	0.02	-0.11	0.87	0.77	1.0	0.93	0.4	1.0	0.36	-0.32	-0.32	0.27	0.46	0.03
Total Stockholder Equity	0.95	0.55		0.01	-0.92	0.13	0.64	0.9	0.03	0.9	0.69	0.91	0.83	-0.19	0.88	0.95	0.55	0.82	-0.21	0.5	0.93	-0.66	-0.66	0.58	0.98	-0.62
Property Plant And Equipment Net	-0.02	0.07	0.01		0.21	0.42	0.04	-0.21	1.0	-0.21	0.03	-0.24	-0.19	0.4	-0.04	-0.09	0.07	-0.01	0.32	0.09	-0.19	0.14	0.14	-0.31	-0.17	0.18
Net Debt	-0.79	-0.25	-0.92	0.21		0.1	-0.36	-0.98	0.2	-0.98	-0.42	-0.93	-0.96	0.25	-0.68	-0.8	-0.24	-0.59	0.42	-0.18	-0.95	0.67	0.67	-0.62	-0.96	0.65
Retained Earnings	0.2	0.35	0.13	0.42	0.1		0.29	-0.11	0.44	-0.11	0.33	-0.23	-0.16	0.2	0.23	0.17	0.36	0.28	0.26	0.39	-0.22	0.25	0.25	-0.52	0.0	0.13
Accounts Payable	0.84	0.99	0.64	0.04	-0.36	0.29		0.3	0.08	0.3	0.99	0.52	0.14	-0.14	0.92	0.84	0.98	0.96	0.34	0.97	0.46	-0.43	-0.43	0.35	0.55	-0.02
Cash	0.76	0.19	0.9	-0.21	-0.98	-0.11	0.3		-0.21	1.0	0.36	0.92	0.98	-0.22	0.64	0.77	0.19	0.54	-0.44	0.12	0.96	-0.63	-0.63	0.61	0.96	-0.77
Non Current Assets Total	0.01	0.11	0.03	1.0	0.2	0.44	0.08	-0.21		-0.21	0.07	-0.23	-0.2	0.41	0.0	-0.06	0.12	0.03	0.33	0.13	-0.18	0.16	0.16	-0.32	-0.15	0.18
Cash And Short Term Investments	0.76	0.19	0.9	-0.21	-0.98	-0.11	0.3	1.0	-0.21		0.36	0.92	0.98	-0.22	0.64	0.77	0.19	0.54	-0.44	0.12	0.96	-0.63	-0.63	0.61	0.96	-0.77
Net Receivables	0.88	0.98	0.69	0.03	-0.42	0.33	0.99	0.36	0.07	0.36		0.56	0.2	-0.16	0.95	0.87	0.98	0.98	0.29	0.97	0.51	-0.43	-0.43	0.36	0.61	-0.1
Common Stock Shares Outstanding	0.85	0.41	0.91	-0.24	-0.93	-0.23	0.52	0.92	-0.23	0.92	0.56		0.86	-0.44	0.77	0.86	0.41	0.7	-0.38	0.35	0.98	-0.8	-0.8	0.83	0.95	-0.63
Non Current Liabilities Total	0.64	0.02	0.83	-0.19	-0.96	-0.16	0.14	0.98	-0.2	0.98	0.2	0.86		-0.18	0.5	0.65	0.02	0.39	-0.5	-0.05	0.91	-0.58	-0.58	0.56	0.9	-0.79
Other Stockholder Equity	-0.19	-0.11	-0.19	0.4	0.25	0.2	-0.14	-0.22	0.41	-0.22	-0.16	-0.44	-0.18		-0.18	-0.22	-0.12	-0.18	0.51	-0.11	-0.28	0.57	0.57	-0.74	-0.24	0.12
Total Liab	0.98	0.87	0.88	-0.04	-0.68	0.23	0.92	0.64	0.0	0.64	0.95	0.77	0.5	-0.18		0.98	0.87	0.99	0.1	0.84	0.75	-0.56	-0.56	0.5	0.83	-0.35
Total Current Assets	1.0	0.77	0.95	-0.09	-0.8	0.17	0.84	0.77	-0.06	0.77	0.87	0.86	0.65	-0.22	0.98		0.77	0.95	-0.03	0.72	0.85	-0.62	-0.62	0.56	0.92	-0.47
Other Current Liab	0.78	1.0	0.55	0.07	-0.24	0.36	0.98	0.19	0.12	0.19	0.98	0.41	0.02	-0.12	0.87	0.77		0.93	0.39	1.0	0.35	-0.33	-0.33	0.27	0.45	0.03
Other Current Assets	0.96	0.93	0.82	-0.01	-0.59	0.28	0.96	0.54	0.03	0.54	0.98	0.7	0.39	-0.18	0.99	0.95	0.93		0.17	0.9	0.66	-0.52	-0.52	0.45	0.76	-0.26
Non Currrent Assets Other	-0.01	0.4	-0.21	0.32	0.42	0.26	0.34	-0.44	0.33	-0.44	0.29	-0.38	-0.5	0.51	0.1	-0.03	0.39	0.17		0.42	-0.36	0.39	0.39	-0.41	-0.29	0.4
Inventory	0.73	1.0	0.5	0.09	-0.18	0.39	0.97	0.12	0.13	0.12	0.97	0.35	-0.05	-0.11	0.84	0.72	1.0	0.9	0.42		0.29	-0.29	-0.29	0.22	0.39	0.1
Common Stock	0.84	0.36	0.93	-0.19	-0.95	-0.22	0.46	0.96	-0.18	0.96	0.51	0.98	0.91	-0.28	0.75	0.85	0.35	0.66	-0.36	0.29		-0.74	-0.74	0.75	0.97	-0.73
Short Long Term Debt Total	-0.61	-0.32	-0.66	0.14	0.67	0.25	-0.43	-0.63	0.16	-0.63	-0.43	-0.8	-0.58	0.57	-0.56	-0.62	-0.33	-0.52	0.39	-0.29	-0.74		1.0	-0.77	-0.67	0.41
Short Term Debt	-0.61	-0.32	-0.66	0.14	0.67	0.25	-0.43	-0.63	0.16	-0.63	-0.43	-0.8	-0.58	0.57	-0.56	-0.62	-0.33	-0.52	0.39	-0.29	-0.74	1.0		-0.77	-0.67	0.41
Other Liab	0.54	0.27	0.58	-0.31	-0.62	-0.52	0.35	0.61	-0.32	0.61	0.36	0.83	0.56	-0.74	0.5	0.56	0.27	0.45	-0.41	0.22	0.75	-0.77	-0.77		0.63	-0.45
Net Tangible Assets	0.91	0.46	0.98	-0.17	-0.96	0.0	0.55	0.96	-0.15	0.96	0.61	0.95	0.9	-0.24	0.83	0.92	0.45	0.76	-0.29	0.39	0.97	-0.67	-0.67	0.63		-0.68
Short Term Investments	-0.46	0.03	-0.62	0.18	0.65	0.13	-0.02	-0.77	0.18	-0.77	-0.1	-0.63	-0.79	0.12	-0.35	-0.47	0.03	-0.26	0.4	0.1	-0.73	0.41	0.41	-0.45	-0.68

Click cells to compare fundamentals

New Stratus Account Relationship Matchups

New Stratus fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	943.2K	2.1M	104.2M	48.7M	56.0M	58.8M
Total Current Liabilities	1.9M	860.0K	72.4M	3.9M	4.5M	5.9M
Total Stockholder Equity	(961.8K)	1.2M	28.3M	22.1M	25.4M	26.6M
Net Debt	(141.0K)	(867.4K)	(15.5M)	(33.6M)	(30.3M)	(28.7M)
Retained Earnings	(18.5M)	(19.6M)	(4.8M)	(15.0M)	(13.5M)	(14.2M)
Accounts Payable	1.2M	500.4K	11.5M	1.9M	2.2M	1.5M
Cash	252.9K	867.4K	15.5M	33.6M	38.7M	40.6M
Non Current Assets Total	660.1K	1.1M	2.6M	636.4K	572.7K	544.1K
Cash And Short Term Investments	252.9K	867.4K	15.5M	33.6M	38.7M	40.6M
Net Receivables	25.0K	41.6K	53.3M	7.5M	8.6M	9.0M
Common Stock Shares Outstanding	37.8M	54.1M	108.1M	121.9M	123.0M	129.1M
Liabilities And Stockholders Equity	943.2K	2.1M	104.2M	48.7M	56.0M	58.8M
Other Stockholder Equity	1.3M	2.3M	4.3M	4.3M	3.9M	5.0M
Total Liab	1.9M	860.0K	75.9M	26.6M	30.6M	32.1M
Total Current Assets	283.1K	913.8K	101.5M	48.0M	55.2M	58.0M
Other Current Liab	594.8K	359.6K	60.9M	2.0M	2.3M	4.5M
Other Current Assets	5.2K	4.8K	26.7M	6.9M	8.0M	8.4M
Accumulated Other Comprehensive Income	(8.1K)	(930.0)	(371.1K)	965.0K	1.1M	1.2M
Non Currrent Assets Other	1.4K	1.2K	400.9K	7.1K	6.4K	6.0K
Common Stock	16.2M	18.5M	29.2M	31.8M	36.6M	38.4M
Net Invested Capital	(850.0K)	1.2M	28.3M	22.1M	25.4M	26.6M
Capital Stock	16.2M	18.5M	29.2M	31.8M	36.6M	24.2M
Net Working Capital	(1.6M)	53.8K	29.1M	44.1M	50.7M	53.2M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for New Stock Analysis

When running New Stratus' price analysis, check to measure New Stratus' 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 New Stratus is operating at the current time. Most of New Stratus' value examination focuses on studying past and present price action to predict the probability of New Stratus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Stratus' price. Additionally, you may evaluate how the addition of New Stratus to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC