Premier Ev To Sales vs Capex To Depreciation Analysis

PHA Stock

CAD 0.14 0.01 6.67%

Premier Health financial indicator trend analysis is much more than just breaking down Premier Health prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Premier Health is a good investment. Please check the relationship between Premier Health Ev To Sales and its Capex To Depreciation accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Premier Health of. 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.

Ev To Sales vs Capex To Depreciation

Ev To Sales vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Premier Health Ev To Sales account and Capex To Depreciation. At this time, the significance of the direction appears to have strong relationship.

The correlation between Premier Health's Ev To Sales and Capex To Depreciation is 0.6. Overlapping area represents the amount of variation of Ev To Sales that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Premier Health of, assuming nothing else is changed. The correlation between historical values of Premier Health's Ev To Sales and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Sales of Premier Health of are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Ev To Sales i.e., Premier Health's Ev To Sales and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

0.6

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

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.

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Most indicators from Premier Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Premier Health 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Premier Health of. 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, Premier Health's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.21 in 2024, whereas Tax Provision is likely to drop slightly above 1.1 M in 2024.

	2023	2024 (projected)
Tax Provision	1.3M	1.1M
Interest Income	2.1K	1.9K

Tax Provision Interest Income

Premier Health fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Net Invested Capital	Total Current Assets	Net Working Capital	Common Stock	Property Plant Equipment	Capital Stock	Property Plant And Equipment Net	Net Debt	Other Assets	Long Term Debt	Good Will	Capital Lease Obligations	Other Stockholder Equity	Property Plant And Equipment Gross
Total Assets		0.69	0.99	0.98	-0.95	0.6	0.95	0.7	0.99	0.89	-0.65	1.0	1.0	1.0	1.0	0.99	0.89	0.99	0.92	0.93	0.96	0.96	0.97	0.89	0.95	0.92
Other Current Liab	0.69		0.73	0.71	-0.74	0.74	0.47	0.95	0.62	0.68	-0.45	0.68	0.69	0.68	0.64	0.68	0.67	0.68	0.49	0.63	0.72	0.7	0.76	0.33	0.72	0.51
Total Current Liabilities	0.99	0.73		0.96	-0.96	0.6	0.94	0.72	0.99	0.87	-0.69	0.99	0.99	1.0	0.99	0.97	0.85	0.97	0.89	0.93	0.94	0.95	0.96	0.88	0.95	0.9
Total Stockholder Equity	0.98	0.71	0.96		-0.91	0.71	0.89	0.77	0.95	0.92	-0.66	0.97	0.99	0.97	0.96	1.0	0.93	1.0	0.9	0.9	0.96	0.93	0.97	0.82	0.94	0.88
Net Tangible Assets	-0.95	-0.74	-0.96	-0.91		-0.49	-0.9	-0.67	-0.95	-0.79	0.58	-0.96	-0.95	-0.96	-0.95	-0.93	-0.83	-0.93	-0.89	-0.95	-0.94	-0.97	-0.96	-0.85	-0.95	-0.9
Retained Earnings	0.6	0.74	0.6	0.71	-0.49		0.35	0.89	0.49	0.68	-0.66	0.55	0.61	0.55	0.53	0.66	0.67	0.66	0.4	0.41	0.62	0.5	0.61	0.23	0.54	0.37
Accounts Payable	0.95	0.47	0.94	0.89	-0.9	0.35		0.46	0.98	0.79	-0.6	0.96	0.94	0.96	0.97	0.92	0.76	0.92	0.92	0.92	0.86	0.91	0.88	0.98	0.88	0.92
Cash	0.7	0.95	0.72	0.77	-0.67	0.89	0.46		0.61	0.76	-0.51	0.67	0.71	0.67	0.64	0.72	0.74	0.72	0.49	0.58	0.73	0.67	0.75	0.31	0.7	0.49
Net Receivables	0.99	0.62	0.99	0.95	-0.95	0.49	0.98	0.61		0.84	-0.64	1.0	0.99	1.0	1.0	0.97	0.83	0.97	0.92	0.94	0.92	0.95	0.94	0.94	0.94	0.93
Common Stock Shares Outstanding	0.89	0.68	0.87	0.92	-0.79	0.68	0.79	0.76	0.84		-0.68	0.87	0.89	0.87	0.86	0.9	0.95	0.9	0.87	0.87	0.93	0.89	0.91	0.7	0.91	0.86
Other Current Assets	-0.65	-0.45	-0.69	-0.66	0.58	-0.66	-0.6	-0.51	-0.64	-0.68		-0.63	-0.65	-0.65	-0.63	-0.65	-0.59	-0.66	-0.58	-0.57	-0.61	-0.58	-0.61	-0.54	-0.59	-0.57
Total Liab	1.0	0.68	0.99	0.97	-0.96	0.55	0.96	0.67	1.0	0.87	-0.63		1.0	1.0	1.0	0.98	0.86	0.98	0.92	0.94	0.94	0.96	0.96	0.91	0.95	0.92
Net Invested Capital	1.0	0.69	0.99	0.99	-0.95	0.61	0.94	0.71	0.99	0.89	-0.65	1.0		1.0	0.99	0.99	0.89	0.99	0.92	0.93	0.96	0.95	0.97	0.89	0.95	0.92
Total Current Assets	1.0	0.68	1.0	0.97	-0.96	0.55	0.96	0.67	1.0	0.87	-0.65	1.0	1.0		1.0	0.98	0.86	0.98	0.91	0.94	0.94	0.96	0.96	0.91	0.95	0.92
Net Working Capital	1.0	0.64	0.99	0.96	-0.95	0.53	0.97	0.64	1.0	0.86	-0.63	1.0	0.99	1.0		0.98	0.85	0.98	0.93	0.94	0.94	0.95	0.96	0.93	0.95	0.93
Common Stock	0.99	0.68	0.97	1.0	-0.93	0.66	0.92	0.72	0.97	0.9	-0.65	0.98	0.99	0.98	0.98		0.92	1.0	0.92	0.91	0.96	0.94	0.97	0.86	0.95	0.91
Property Plant Equipment	0.89	0.67	0.85	0.93	-0.83	0.67	0.76	0.74	0.83	0.95	-0.59	0.86	0.89	0.86	0.85	0.92		0.92	0.91	0.89	0.97	0.92	0.95	0.7	0.94	0.9
Capital Stock	0.99	0.68	0.97	1.0	-0.93	0.66	0.92	0.72	0.97	0.9	-0.66	0.98	0.99	0.98	0.98	1.0	0.92		0.92	0.91	0.96	0.94	0.97	0.86	0.95	0.91
Property Plant And Equipment Net	0.92	0.49	0.89	0.9	-0.89	0.4	0.92	0.49	0.92	0.87	-0.58	0.92	0.92	0.91	0.93	0.92	0.91	0.92		0.97	0.95	0.96	0.93	0.9	0.96	1.0
Net Debt	0.93	0.63	0.93	0.9	-0.95	0.41	0.92	0.58	0.94	0.87	-0.57	0.94	0.93	0.94	0.94	0.91	0.89	0.91	0.97		0.96	0.99	0.96	0.88	0.99	0.99
Other Assets	0.96	0.72	0.94	0.96	-0.94	0.62	0.86	0.73	0.92	0.93	-0.61	0.94	0.96	0.94	0.94	0.96	0.97	0.96	0.95	0.96		0.98	0.99	0.8	0.99	0.95
Long Term Debt	0.96	0.7	0.95	0.93	-0.97	0.5	0.91	0.67	0.95	0.89	-0.58	0.96	0.95	0.96	0.95	0.94	0.92	0.94	0.96	0.99	0.98		0.99	0.85	1.0	0.97
Good Will	0.97	0.76	0.96	0.97	-0.96	0.61	0.88	0.75	0.94	0.91	-0.61	0.96	0.97	0.96	0.96	0.97	0.95	0.97	0.93	0.96	0.99	0.99		0.81	0.99	0.94
Capital Lease Obligations	0.89	0.33	0.88	0.82	-0.85	0.23	0.98	0.31	0.94	0.7	-0.54	0.91	0.89	0.91	0.93	0.86	0.7	0.86	0.9	0.88	0.8	0.85	0.81		0.83	0.9
Other Stockholder Equity	0.95	0.72	0.95	0.94	-0.95	0.54	0.88	0.7	0.94	0.91	-0.59	0.95	0.95	0.95	0.95	0.95	0.94	0.95	0.96	0.99	0.99	1.0	0.99	0.83		0.96
Property Plant And Equipment Gross	0.92	0.51	0.9	0.88	-0.9	0.37	0.92	0.49	0.93	0.86	-0.57	0.92	0.92	0.92	0.93	0.91	0.9	0.91	1.0	0.99	0.95	0.97	0.94	0.9	0.96

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Premier Health Account Relationship Matchups

Premier Health fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.7M	39.1M	57.1M	56.7M	65.2M	68.5M
Other Current Liab	313.5K	1.1M	5.2M	1.1M	1.3M	1.2M
Total Current Liabilities	3.4M	6.6M	12.6M	11.3M	13.0M	13.6M
Total Stockholder Equity	3.9M	17.3M	18.5M	16.4M	18.9M	19.8M
Net Tangible Assets	147.5K	2.6M	(2.4M)	(8.8M)	(7.9M)	(7.5M)
Retained Earnings	1.5M	3.0M	2.9M	1.0M	1.2M	1.8M
Accounts Payable	624.8K	1.1M	1.9M	3.7M	4.2M	4.5M
Cash	1.2M	2.7M	5.1M	1.1M	1.3M	1.7M
Non Current Assets Total	3.4M	24.6M	31.7M	30.6M	35.2M	37.0M
Net Receivables	4.0M	10.8M	19.3M	23.0M	26.4M	27.8M
Common Stock Shares Outstanding	39.0M	53.9M	56.1M	55.4M	63.7M	34.3M
Non Current Liabilities Total	1.4M	15.2M	26.1M	29.0M	33.3M	35.0M
Other Current Assets	142.9K	154.2K	146.9K	156.7K	141.1K	134.1K
Total Liab	4.9M	21.8M	38.6M	40.3M	46.3M	48.6M
Net Invested Capital	6.4M	28.5M	40.3M	39.9M	45.9M	48.2M
Total Current Assets	5.4M	14.6M	25.4M	26.1M	30.0M	31.5M
Net Working Capital	2.0M	8.0M	12.8M	14.8M	17.0M	17.8M
Property Plant Equipment	1.7M	2.0M	4.7M	4.2M	4.8M	2.9M
Capital Stock	1.9M	13.5M	14.4M	14.3M	16.4M	17.2M

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