Sable Price To Sales Ratio vs Days Sales Outstanding Analysis

SAE Stock  CAD 0.04  0.01  16.67%   
Sable Resources financial indicator trend analysis is much more than just breaking down Sable Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sable Resources is a good investment. Please check the relationship between Sable Resources Price To Sales Ratio and its Days Sales Outstanding accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sable Resources. 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 Sable Resources Price To Sales Ratio account and Days Sales Outstanding. At this time, the significance of the direction appears to have strong relationship.
The correlation between Sable Resources' Price To Sales Ratio and Days Sales Outstanding is 0.76. 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 Sable Resources, assuming nothing else is changed. The correlation between historical values of Sable Resources' 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 Sable Resources 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., Sable Resources' Price To Sales Ratio and Days Sales Outstanding go up and down completely randomly.

Correlation Coefficient

0.76
Relationship DirectionPositive 
Relationship StrengthSignificant

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Sable Resources stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Sable Resources sales, a figure that is much harder to manipulate than other Sable Resources 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 Sable Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sable Resources 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sable Resources. 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, Sable Resources' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 13.1 M in 2024, whereas Discontinued Operations is likely to drop (17.6 K) in 2024.

Sable Resources fundamental ratios Correlations

0.170.870.76-0.98-0.580.10.980.74-0.020.980.090.90.49-0.330.380.99-0.45-0.460.860.9-0.9-0.540.90.80.62
0.17-0.3-0.11-0.2-0.76-0.150.25-0.12-0.160.22-0.330.51-0.190.10.910.220.030.040.080.37-0.39-0.070.320.480.35
0.87-0.30.75-0.83-0.160.170.820.730.070.840.310.610.4-0.38-0.110.84-0.46-0.480.810.71-0.67-0.50.690.520.38
0.76-0.110.75-0.65-0.430.520.641.00.370.630.040.640.54-0.320.130.64-0.36-0.390.60.66-0.74-0.460.760.790.62
-0.98-0.2-0.83-0.650.610.02-0.99-0.640.09-0.98-0.11-0.91-0.470.4-0.41-0.980.570.58-0.8-0.90.880.61-0.91-0.76-0.63
-0.58-0.76-0.16-0.430.61-0.09-0.61-0.42-0.03-0.570.27-0.85-0.290.21-0.88-0.570.370.37-0.35-0.720.770.56-0.79-0.84-0.76
0.1-0.150.170.520.02-0.09-0.010.550.08-0.02-0.230.00.030.08-0.13-0.020.060.04-0.020.03-0.02-0.150.120.31-0.08
0.980.250.820.64-0.99-0.61-0.010.62-0.121.00.050.910.48-0.320.461.0-0.45-0.460.820.88-0.88-0.530.90.760.61
0.74-0.120.731.0-0.64-0.420.550.620.370.620.010.630.54-0.30.120.62-0.34-0.370.580.64-0.72-0.440.740.780.61
-0.02-0.160.070.370.09-0.030.08-0.120.37-0.120.020.01-0.01-0.11-0.16-0.11-0.08-0.1-0.110.02-0.26-0.120.070.210.48
0.980.220.840.63-0.98-0.57-0.021.00.62-0.120.10.90.44-0.310.411.0-0.44-0.450.860.89-0.87-0.520.870.730.57
0.09-0.330.310.04-0.110.27-0.230.050.010.020.1-0.02-0.17-0.46-0.40.11-0.3-0.30.350.2-0.07-0.23-0.03-0.13-0.12
0.90.510.610.64-0.91-0.850.00.910.630.010.9-0.020.42-0.340.690.9-0.51-0.520.730.94-0.96-0.60.940.910.77
0.49-0.190.40.54-0.47-0.290.030.480.54-0.010.44-0.170.42-0.090.250.44-0.14-0.150.330.27-0.39-0.170.520.340.46
-0.330.1-0.38-0.320.40.210.08-0.32-0.3-0.11-0.31-0.46-0.34-0.090.05-0.310.70.71-0.25-0.420.390.56-0.39-0.34-0.36
0.380.91-0.110.13-0.41-0.88-0.130.460.12-0.160.41-0.40.690.250.050.42-0.05-0.040.220.49-0.56-0.150.540.630.54
0.990.220.840.64-0.98-0.57-0.021.00.62-0.111.00.110.90.44-0.310.42-0.44-0.450.860.89-0.87-0.520.880.740.57
-0.450.03-0.46-0.360.570.370.06-0.45-0.34-0.08-0.44-0.3-0.51-0.140.7-0.05-0.440.99-0.28-0.580.520.83-0.55-0.46-0.46
-0.460.04-0.48-0.390.580.370.04-0.46-0.37-0.1-0.45-0.3-0.52-0.150.71-0.04-0.450.99-0.29-0.60.530.83-0.56-0.48-0.47
0.860.080.810.6-0.8-0.35-0.020.820.58-0.110.860.350.730.33-0.250.220.86-0.28-0.290.85-0.73-0.410.670.550.36
0.90.370.710.66-0.9-0.720.030.880.640.020.890.20.940.27-0.420.490.89-0.58-0.60.85-0.93-0.690.880.840.67
-0.9-0.39-0.67-0.740.880.77-0.02-0.88-0.72-0.26-0.87-0.07-0.96-0.390.39-0.56-0.870.520.53-0.73-0.930.61-0.93-0.91-0.84
-0.54-0.07-0.5-0.460.610.56-0.15-0.53-0.44-0.12-0.52-0.23-0.6-0.170.56-0.15-0.520.830.83-0.41-0.690.61-0.65-0.54-0.54
0.90.320.690.76-0.91-0.790.120.90.740.070.87-0.030.940.52-0.390.540.88-0.55-0.560.670.88-0.93-0.650.890.81
0.80.480.520.79-0.76-0.840.310.760.780.210.73-0.130.910.34-0.340.630.74-0.46-0.480.550.84-0.91-0.540.890.78
0.620.350.380.62-0.63-0.76-0.080.610.610.480.57-0.120.770.46-0.360.540.57-0.46-0.470.360.67-0.84-0.540.810.78
Click cells to compare fundamentals

Sable Resources Account Relationship Matchups

Sable Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets10.3M24.7M28.5M22.8M14.1M14.8M
Total Current Liabilities727.6K1.5M1.2M1.0M14.2M14.9M
Total Stockholder Equity8.6M23.1M25.4M13.6M(177.3K)(168.4K)
Property Plant And Equipment Net5.3M4.0M4.6M5.5M1.9M1.6M
Net Debt(4.6M)(16.9M)(22.6M)(17.1M)(11.9M)(11.3M)
Retained Earnings(31.1M)(21.5M)(31.6M)(43.5M)(59.6M)(56.7M)
Accounts Payable433.1K269.2K553.5K353.4K220.5K331.7K
Cash4.8M17.1M22.8M17.2M12.0M12.6M
Non Current Assets Total5.3M4.0M4.6M5.5M1.9M1.7M
Non Currrent Assets Other(136.3K)143.8K5.3M(1.0)(1.15)(1.09)
Cash And Short Term Investments4.8M20.4M23.8M17.2M12.0M12.6M
Net Receivables66.1K183.4K30.4K22.0K15.5K14.7K
Common Stock Shares Outstanding149.1M244.5M256.1M281.5M286.5M300.8M
Liabilities And Stockholders Equity10.3M24.7M28.5M22.8M14.1M14.8M
Non Current Liabilities Total991.1K117.6K1.9M8.2M26.8K25.5K
Other Stockholder Equity3.4M4.2M4.8M4.9M5.1M5.7M
Total Liab1.7M1.6M3.1M9.2M14.3M15.0M
Total Current Assets5.0M20.7M23.9M17.3M12.2M12.8M
Net Tangible Assets7.1M8.6M23.1M13.6M15.6M16.4M
Common Stock36.6M40.5M53.1M55.1M55.1M36.4M
Property Plant Equipment5.5M5.3M4.0M5.5M6.3M6.6M
Other Current Assets152.4K41.1K77.0K125.8K130.2K88.4K
Net Invested Capital8.6M23.1M25.4M13.6M(177.3K)(168.4K)
Net Working Capital4.3M19.2M22.7M16.3M(2.1M)(2.0M)
Capital Stock36.6M40.5M53.1M55.1M55.1M50.2M

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Additional Tools for Sable Stock Analysis

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