Parkit Ptb Ratio vs Days Of Inventory On Hand Analysis

PKT Stock  CAD 0.67  0.01  1.52%   
Parkit Enterprise financial indicator trend analysis is much more than just breaking down Parkit Enterprise prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Parkit Enterprise is a good investment. Please check the relationship between Parkit Enterprise Ptb Ratio and its Days Of Inventory On Hand accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parkit Enterprise. 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 Days Of Inventory On Hand

Ptb Ratio vs Days Of Inventory On Hand Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Parkit Enterprise Ptb Ratio account and Days Of Inventory On Hand. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Parkit Enterprise's Ptb Ratio and Days Of Inventory On Hand is -0.08. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Days Of Inventory On Hand in the same time period over historical financial statements of Parkit Enterprise, assuming nothing else is changed. The correlation between historical values of Parkit Enterprise's Ptb Ratio and Days Of Inventory On Hand 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 Parkit Enterprise are associated (or correlated) with its Days Of Inventory On Hand. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Of Inventory On Hand has no effect on the direction of Ptb Ratio i.e., Parkit Enterprise's Ptb Ratio and Days Of Inventory On Hand go up and down completely randomly.

Correlation Coefficient

-0.08
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Days Of Inventory On Hand

Most indicators from Parkit Enterprise's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Parkit Enterprise 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 Parkit Enterprise. 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, Parkit Enterprise's Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 291.85 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense750.5K2.1M7.5M7.8M
Depreciation And Amortization2.0M4.6M5.3M5.5M

Parkit Enterprise fundamental ratios Correlations

-0.4-0.050.94-0.030.88-0.530.761.00.960.280.960.130.82-0.470.930.84-0.630.910.93-0.330.970.92-0.390.980.99
-0.40.5-0.490.66-0.22-0.24-0.46-0.4-0.47-0.19-0.47-0.06-0.170.26-0.26-0.430.03-0.36-0.290.42-0.47-0.270.62-0.45-0.41
-0.050.5-0.180.790.11-0.66-0.19-0.05-0.14-0.21-0.120.180.40.240.08-0.1-0.15-0.050.050.91-0.150.110.59-0.1-0.08
0.94-0.49-0.18-0.240.68-0.370.910.930.980.550.990.170.66-0.520.760.95-0.510.790.76-0.430.990.87-0.480.990.95
-0.030.660.79-0.240.24-0.78-0.32-0.02-0.18-0.34-0.170.040.30.360.19-0.23-0.24-0.020.140.66-0.170.10.58-0.11-0.08
0.88-0.220.110.680.24-0.630.390.90.73-0.160.720.050.88-0.310.990.51-0.680.910.99-0.140.760.8-0.20.780.84
-0.53-0.24-0.66-0.37-0.78-0.63-0.28-0.53-0.43-0.01-0.44-0.2-0.72-0.12-0.63-0.380.53-0.48-0.59-0.39-0.41-0.65-0.21-0.48-0.48
0.76-0.46-0.190.91-0.320.39-0.280.730.90.80.880.20.43-0.510.490.99-0.320.540.5-0.390.850.73-0.440.850.78
1.0-0.4-0.050.93-0.020.9-0.530.730.950.240.950.130.83-0.460.940.82-0.640.920.95-0.330.960.91-0.380.970.99
0.96-0.47-0.140.98-0.180.73-0.430.90.950.490.970.160.67-0.530.80.94-0.550.790.81-0.40.980.86-0.440.990.95
0.28-0.19-0.210.55-0.34-0.16-0.010.80.240.490.50.15-0.03-0.31-0.050.730.040.06-0.05-0.330.450.36-0.240.430.35
0.96-0.47-0.120.99-0.170.72-0.440.880.950.970.50.190.71-0.460.790.93-0.550.830.8-0.390.990.9-0.470.990.97
0.13-0.060.180.170.040.05-0.20.20.130.160.150.190.150.120.070.2-0.650.210.04-0.060.170.0-0.530.130.12
0.82-0.170.40.660.30.88-0.720.430.830.67-0.030.710.15-0.240.890.57-0.590.870.880.150.710.87-0.050.740.81
-0.470.260.24-0.520.36-0.31-0.12-0.51-0.46-0.53-0.31-0.460.12-0.24-0.35-0.510.05-0.34-0.370.3-0.48-0.370.19-0.49-0.52
0.93-0.260.080.760.190.99-0.630.490.940.8-0.050.790.070.89-0.350.61-0.680.931.0-0.190.820.85-0.240.850.9
0.84-0.43-0.10.95-0.230.51-0.380.990.820.940.730.930.20.57-0.510.61-0.40.650.61-0.340.90.83-0.40.910.86
-0.630.03-0.15-0.51-0.24-0.680.53-0.32-0.64-0.550.04-0.55-0.65-0.590.05-0.68-0.4-0.7-0.650.21-0.57-0.440.47-0.56-0.58
0.91-0.36-0.050.79-0.020.91-0.480.540.920.790.060.830.210.87-0.340.930.65-0.70.93-0.340.840.85-0.440.840.9
0.93-0.290.050.760.140.99-0.590.50.950.81-0.050.80.040.88-0.371.00.61-0.650.93-0.210.830.85-0.250.850.9
-0.330.420.91-0.430.66-0.14-0.39-0.39-0.33-0.4-0.33-0.39-0.060.150.3-0.19-0.340.21-0.34-0.21-0.41-0.140.73-0.36-0.34
0.97-0.47-0.150.99-0.170.76-0.410.850.960.980.450.990.170.71-0.480.820.9-0.570.840.83-0.410.88-0.460.990.98
0.92-0.270.110.870.10.8-0.650.730.910.860.360.90.00.87-0.370.850.83-0.440.850.85-0.140.88-0.160.910.92
-0.390.620.59-0.480.58-0.2-0.21-0.44-0.38-0.44-0.24-0.47-0.53-0.050.19-0.24-0.40.47-0.44-0.250.73-0.46-0.16-0.41-0.38
0.98-0.45-0.10.99-0.110.78-0.480.850.970.990.430.990.130.74-0.490.850.91-0.560.840.85-0.360.990.91-0.410.98
0.99-0.41-0.080.95-0.080.84-0.480.780.990.950.350.970.120.81-0.520.90.86-0.580.90.9-0.340.980.92-0.380.98
Click cells to compare fundamentals

Parkit Enterprise Account Relationship Matchups

Parkit Enterprise fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets20.7M60.3M177.6M239.6M324.5M340.8M
Other Current Liab16.6K184.2K4.3K73.6K66.3K63.0K
Total Current Liabilities75.0K728.2K2.2M4.0M4.9M3.6M
Total Stockholder Equity20.6M33.7M158.3M158.2M149.2M156.6M
Net Debt(768.4K)16.2M(4.7M)56.9M157.9M165.8M
Retained Earnings(2.9M)(9.8M)(13.7M)(19.1M)(24.0M)(22.8M)
Cash768.4K9.1M21.8M19.5M10.6M11.1M
Non Current Assets Total19.7M50.8M154.6M214.9M309.5M325.0M
Cash And Short Term Investments768.4K9.1M21.8M19.5M22.4M23.5M
Net Receivables189.7K297.2K1.1M924.9K28.8K27.4K
Common Stock Shares Outstanding34.5M34.9M215.6M237.3M227.9M239.3M
Liabilities And Stockholders Equity20.7M60.3M177.6M239.6M275.6M289.4M
Other Current Assets52.0K133.7K140.1K3M3.5M3.6M
Other Stockholder Equity27.1K34.7K3.2M4.4M3.9M3.7M
Total Liab75.0K26.7M19.3M81.5M175.3M184.1M
Total Current Assets972.3K9.5M23.0M24.7M15.0M15.8M
Non Current Liabilities Total58.4K25.9M17.1M77.5M170.4M178.9M
Accumulated Other Comprehensive Income467.0K472.4K27.1K34.7K31.2K29.7K
Net Tangible Assets20.6M15.3M158.3M158.2M181.9M191.0M
Accounts Payable58.4K297.4K1.6M3.7M3.0M3.1M
Common Stock23.5M43.4M168.9M172.9M198.8M208.8M
Other Assets1.3M1.3M14.4M1.8M2.1M3.2M
Long Term Investments18.5M13.4M13.2M11.8M10.2M14.7M
Non Currrent Assets Other1.3M37.5M141.4M203.2M233.6M245.3M
Net Invested Capital20.6M15.3M175.5M234.5M317.6M333.5M
Net Working Capital897.3K609.3K20.8M20.7M10.1M8.7M

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Additional Tools for Parkit Stock Analysis

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