Next Price To Sales Ratio vs Days Sales Outstanding Analysis

NXH Stock

0.50 0.06 13.64%

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

Price To Sales Ratio vs Days Sales Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Next Hydrogen Solutions Price To Sales Ratio account and Days Sales Outstanding. At this time, the significance of the direction appears to have weak relationship.

The correlation between Next Hydrogen's Price To Sales Ratio and Days Sales Outstanding is 0.35. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of Next Hydrogen Solutions, assuming nothing else is changed. The correlation between historical values of Next Hydrogen's Price To Sales Ratio and Days Sales Outstanding 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 Next Hydrogen Solutions are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Price To Sales Ratio i.e., Next Hydrogen's Price To Sales Ratio and Days Sales Outstanding go up and down completely randomly.

Correlation Coefficient

0.35

Relationship Direction	Positive
Relationship Strength	Very Weak

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Price To Sales Ratio

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

Days Sales Outstanding

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

Selling General Administrative is likely to climb to about 5.3 M in 2024, whereas Tax Provision is likely to drop (33.8 K) in 2024.

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	278.8K	708.1K	872.4K	522.4K
Total Operating Expenses	16.9M	15.3M	13.4M	13.9M

Reconciled Depreciation Total Operating Expenses

Next Hydrogen fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Net Receivables	Inventory	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Other Assets	Long Term Debt	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Total Liab	Net Invested Capital	Long Term Investments
Other Current Liab		0.83	-0.57	0.14	-0.11	0.62	0.17	0.12	0.49	0.19	0.18	0.39	0.41	0.0	0.14	0.48	0.02	0.16	-0.21	-0.1	0.14	-0.58	0.14	-0.18	0.43	0.14
Total Current Liabilities	0.83		-0.92	0.47	-0.52	0.4	0.58	0.48	0.53	0.52	0.51	0.52	0.51	0.4	-0.37	0.51	0.4	0.49	-0.5	0.28	-0.37	-0.14	-0.37	0.32	0.51	-0.37
Other Liab	-0.57	-0.92		-0.59	0.69	-0.1	-0.65	-0.61	-0.48	-0.64	-0.63	-0.53	-0.51	-0.57	0.59	-0.47	-0.58	-0.57	0.61	-0.49	0.59	-0.23	0.59	-0.44	-0.5	0.59
Net Tangible Assets	0.14	0.47	-0.59		-0.97	0.36	0.85	0.95	0.86	1.0	1.0	0.93	0.91	0.93	-0.68	0.85	0.94	0.96	-1.0	0.51	-0.68	0.27	-0.68	0.5	0.89	-0.68
Retained Earnings	-0.11	-0.52	0.69	-0.97		-0.18	-0.85	-0.98	-0.75	-0.98	-0.98	-0.84	-0.82	-0.97	0.73	-0.73	-0.97	-0.96	0.97	-0.52	0.73	-0.44	0.73	-0.59	-0.79	0.73
Accounts Payable	0.62	0.4	-0.1	0.36	-0.18		0.38	0.19	0.7	0.35	0.35	0.61	0.62	0.09	0.0	0.71	0.11	0.32	-0.38	0.02	0.0	-0.79	0.0	-0.04	0.65	0.0
Net Receivables	0.17	0.58	-0.65	0.85	-0.85	0.38		0.79	0.62	0.86	0.85	0.7	0.67	0.76	-0.87	0.61	0.77	0.83	-0.81	0.65	-0.87	0.18	-0.87	0.82	0.65	-0.87
Inventory	0.12	0.48	-0.61	0.95	-0.98	0.19	0.79		0.76	0.96	0.96	0.84	0.82	0.99	-0.59	0.72	0.99	0.99	-0.96	0.33	-0.59	0.44	-0.59	0.55	0.78	-0.59
Total Current Assets	0.49	0.53	-0.48	0.86	-0.75	0.7	0.62	0.76		0.85	0.86	0.99	0.99	0.69	-0.31	0.99	0.71	0.79	-0.89	0.26	-0.31	-0.19	-0.31	0.1	1.0	-0.31
Common Stock	0.19	0.52	-0.64	1.0	-0.98	0.35	0.86	0.96	0.85		1.0	0.92	0.91	0.93	-0.69	0.84	0.94	0.96	-1.0	0.52	-0.69	0.28	-0.69	0.51	0.88	-0.69
Property Plant Equipment	0.18	0.51	-0.63	1.0	-0.98	0.35	0.85	0.96	0.86	1.0		0.93	0.91	0.93	-0.69	0.84	0.94	0.96	-1.0	0.51	-0.69	0.27	-0.69	0.51	0.89	-0.69
Total Assets	0.39	0.52	-0.53	0.93	-0.84	0.61	0.7	0.84	0.99	0.92	0.93		1.0	0.78	-0.44	0.98	0.8	0.86	-0.95	0.35	-0.44	-0.05	-0.44	0.21	0.99	-0.44
Total Stockholder Equity	0.41	0.51	-0.51	0.91	-0.82	0.62	0.67	0.82	0.99	0.91	0.91	1.0		0.76	-0.4	0.99	0.78	0.84	-0.94	0.33	-0.4	-0.07	-0.4	0.17	1.0	-0.4
Property Plant And Equipment Net	0.0	0.4	-0.57	0.93	-0.97	0.09	0.76	0.99	0.69	0.93	0.93	0.78	0.76		-0.62	0.65	1.0	0.97	-0.93	0.34	-0.62	0.53	-0.62	0.58	0.72	-0.62
Net Debt	0.14	-0.37	0.59	-0.68	0.73	0.0	-0.87	-0.59	-0.31	-0.69	-0.69	-0.44	-0.4	-0.62		-0.34	-0.62	-0.59	0.62	-0.89	1.0	-0.42	1.0	-0.8	-0.38	1.0
Cash	0.48	0.51	-0.47	0.85	-0.73	0.71	0.61	0.72	0.99	0.84	0.84	0.98	0.99	0.65	-0.34		0.67	0.75	-0.87	0.32	-0.34	-0.22	-0.34	0.07	1.0	-0.34
Non Current Assets Total	0.02	0.4	-0.58	0.94	-0.97	0.11	0.77	0.99	0.71	0.94	0.94	0.8	0.78	1.0	-0.62	0.67		0.97	-0.94	0.35	-0.62	0.51	-0.62	0.56	0.74	-0.62
Other Assets	0.16	0.49	-0.57	0.96	-0.96	0.32	0.83	0.99	0.79	0.96	0.96	0.86	0.84	0.97	-0.59	0.75	0.97		-0.96	0.3	-0.59	0.32	-0.59	0.59	0.81	-0.59
Long Term Debt	-0.21	-0.5	0.61	-1.0	0.97	-0.38	-0.81	-0.96	-0.89	-1.0	-1.0	-0.95	-0.94	-0.93	0.62	-0.87	-0.94	-0.96		-0.46	0.62	-0.24	0.62	-0.44	-0.91	0.62
Common Stock Shares Outstanding	-0.1	0.28	-0.49	0.51	-0.52	0.02	0.65	0.33	0.26	0.52	0.51	0.35	0.33	0.34	-0.89	0.32	0.35	0.3	-0.46		-0.89	0.23	-0.89	0.48	0.33	-0.89
Short Term Investments	0.14	-0.37	0.59	-0.68	0.73	0.0	-0.87	-0.59	-0.31	-0.69	-0.69	-0.44	-0.4	-0.62	1.0	-0.34	-0.62	-0.59	0.62	-0.89		-0.42	1.0	-0.8	-0.38	1.0
Non Current Liabilities Total	-0.58	-0.14	-0.23	0.27	-0.44	-0.79	0.18	0.44	-0.19	0.28	0.27	-0.05	-0.07	0.53	-0.42	-0.22	0.51	0.32	-0.24	0.23	-0.42		-0.42	0.43	-0.12	-0.42
Other Current Assets	0.14	-0.37	0.59	-0.68	0.73	0.0	-0.87	-0.59	-0.31	-0.69	-0.69	-0.44	-0.4	-0.62	1.0	-0.34	-0.62	-0.59	0.62	-0.89	1.0	-0.42		-0.8	-0.38	1.0
Total Liab	-0.18	0.32	-0.44	0.5	-0.59	-0.04	0.82	0.55	0.1	0.51	0.51	0.21	0.17	0.58	-0.8	0.07	0.56	0.59	-0.44	0.48	-0.8	0.43	-0.8		0.13	-0.8
Net Invested Capital	0.43	0.51	-0.5	0.89	-0.79	0.65	0.65	0.78	1.0	0.88	0.89	0.99	1.0	0.72	-0.38	1.0	0.74	0.81	-0.91	0.33	-0.38	-0.12	-0.38	0.13		-0.38
Long Term Investments	0.14	-0.37	0.59	-0.68	0.73	0.0	-0.87	-0.59	-0.31	-0.69	-0.69	-0.44	-0.4	-0.62	1.0	-0.34	-0.62	-0.59	0.62	-0.89	1.0	-0.42	1.0	-0.8	-0.38

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Next Price To Sales Ratio vs Days Sales Outstanding Analysis

Price To Sales Ratio vs Days Sales Outstanding

Price To Sales Ratio vs Days Sales Outstanding Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Days Sales Outstanding

Next Hydrogen fundamental ratios Correlations

Next Hydrogen Account Relationship Matchups

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COMMON DESTINATIONS

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Common Stock	+ 1.0	Net Tangible Assets
Property Plant Equipment	+ 1.0	Net Tangible Assets
Net Invested Capital	+ 1.0	Total Current Assets
Property Plant Equipment	+ 1.0	Common Stock
Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Stockholder Equity

Long Term Debt	- 1.0	Property Plant Equipment
Long Term Debt	- 1.0	Common Stock
Long Term Debt	- 1.0	Net Tangible Assets
Property Plant Equipment	- 0.98	Retained Earnings
Common Stock	- 0.98	Retained Earnings
Inventory	- 0.98	Retained Earnings