| SBBC Stock | | | CAD 0.95 0.11 13.10% |
Simply Better financial indicator trend analysis is much more than just breaking down Simply Better Brands prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Simply Better Brands is a good investment. Please check the relationship between Simply Better Days Sales Outstanding and its Price To Sales Ratio accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Simply Better Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Days Sales Outstanding vs Price To Sales Ratio
Days Sales Outstanding vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Simply Better Brands Days Sales Outstanding account and
Price To Sales Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Simply Better's Days Sales Outstanding and Price To Sales Ratio is -0.38. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Simply Better Brands, assuming nothing else is changed. The correlation between historical values of Simply Better's Days Sales Outstanding and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Sales Outstanding of Simply Better Brands are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Days Sales Outstanding i.e., Simply Better's Days Sales Outstanding and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | -0.38 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Days Sales Outstanding
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Simply Better Brands stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Simply Better sales, a figure that is much harder to manipulate than other Simply Better Brands 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.
Most indicators from Simply Better's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Simply Better Brands 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 Simply Better Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Simply Better reported
Tax Provision of
(1.03 Million) in 2023.
Sales General And Administrative To Revenue is likely to climb to 0.22 in 2024, whereas
Selling General Administrative is likely to drop slightly above 30.5
M in 2024.
Simply Better fundamental ratios Correlations
Click cells to compare fundamentals
Simply Better Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Simply Better fundamental ratios Accounts
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Additional Tools for Simply Stock Analysis
When running Simply Better's price analysis, check to
measure Simply Better'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 Simply Better is operating at the current time. Most of Simply Better's value examination focuses on studying past and present price action to
predict the probability of Simply Better's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Simply Better's price. Additionally, you may evaluate how the addition of Simply Better to your portfolios can decrease your overall portfolio volatility.