Solarmax Price To Sales Ratio vs Inventory Turnover Analysis

SMXT Stock

1.73 0.25 16.89%

Solarmax Technology financial indicator trend analysis is much more than just breaking down Solarmax Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Solarmax Technology is a good investment. Please check the relationship between Solarmax Technology Price To Sales Ratio and its Inventory Turnover accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Solarmax Technology Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Price To Sales Ratio vs Inventory Turnover

Price To Sales Ratio vs Inventory Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Solarmax Technology Price To Sales Ratio account and Inventory Turnover. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Solarmax Technology's Price To Sales Ratio and Inventory Turnover is -0.47. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of Solarmax Technology Common, assuming nothing else is changed. The correlation between historical values of Solarmax Technology's Price To Sales Ratio and Inventory Turnover 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 Solarmax Technology Common are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Price To Sales Ratio i.e., Solarmax Technology's Price To Sales Ratio and Inventory Turnover go up and down completely randomly.

Correlation Coefficient

-0.47

Relationship Direction	Negative
Relationship Strength	Very Weak

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Price To Sales Ratio

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

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Most indicators from Solarmax Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Solarmax Technology 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 Solarmax Technology Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

At this time, Solarmax Technology's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 64.11 in 2024, despite the fact that Tax Provision is likely to grow to (61 K).

	2021	2022	2023	2024 (projected)
Interest Expense	2.0M	1.8M	1.6M	1.7M
Depreciation And Amortization	359.9K	1.4M	1.6M	1.0M

Interest Expense Depreciation And Amortization

Solarmax Technology fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Assets
Total Assets		0.94	-0.66	0.16	0.78	-0.27	-0.67	-0.28	0.73	0.83	0.83	0.89	-0.78	0.83	0.72	0.54	-0.41	0.83	0.6	-0.19	-0.72	0.79	0.99	-0.29	0.74	0.63
Short Long Term Debt Total	0.94		-0.81	-0.11	0.92	-0.41	-0.72	-0.5	0.9	0.66	0.94	0.99	-0.75	0.94	0.5	0.65	-0.63	0.94	0.77	-0.43	-0.88	0.6	0.87	-0.51	0.88	0.71
Other Current Liab	-0.66	-0.81		0.5	-0.93	0.46	0.86	0.72	-0.93	-0.31	-0.91	-0.86	0.75	-0.91	-0.09	-0.4	0.69	-0.82	-0.7	0.65	0.79	-0.11	-0.54	0.61	-0.88	-0.34
Total Current Liabilities	0.16	-0.11	0.5		-0.45	0.67	0.3	0.59	-0.5	0.62	-0.33	-0.17	-0.14	-0.33	0.69	0.01	0.36	-0.38	-0.6	0.78	0.46	0.72	0.28	0.78	-0.49	0.12
Total Stockholder Equity	0.78	0.92	-0.93	-0.45		-0.61	-0.81	-0.74	1.0	0.36	0.98	0.92	-0.63	0.98	0.16	0.61	-0.69	0.94	0.86	-0.59	-0.93	0.26	0.68	-0.71	0.94	0.57
Property Plant And Equipment Net	-0.27	-0.41	0.46	0.67	-0.61		0.55	0.43	-0.61	0.12	-0.48	-0.37	-0.1	-0.48	0.16	-0.24	0.5	-0.65	-0.77	0.69	0.55	0.18	-0.22	0.93	-0.71	-0.19
Current Deferred Revenue	-0.67	-0.72	0.86	0.3	-0.81	0.55		0.54	-0.79	-0.47	-0.77	-0.71	0.7	-0.77	-0.27	-0.3	0.65	-0.71	-0.52	0.49	0.55	-0.23	-0.62	0.53	-0.79	-0.19
Net Debt	-0.28	-0.5	0.72	0.59	-0.74	0.43	0.54		-0.77	0.14	-0.75	-0.53	0.28	-0.75	0.43	-0.66	0.6	-0.51	-0.53	0.35	0.69	0.21	-0.17	0.51	-0.53	-0.43
Retained Earnings	0.73	0.9	-0.93	-0.5	1.0	-0.61	-0.79	-0.77		0.3	0.98	0.91	-0.6	0.98	0.1	0.62	-0.73	0.93	0.86	-0.63	-0.94	0.2	0.63	-0.73	0.94	0.58
Accounts Payable	0.83	0.66	-0.31	0.62	0.36	0.12	-0.47	0.14	0.3		0.43	0.61	-0.74	0.43	0.94	0.32	-0.25	0.43	0.11	0.13	-0.23	0.95	0.87	0.14	0.36	0.45
Cash	0.83	0.94	-0.91	-0.33	0.98	-0.48	-0.77	-0.75	0.98	0.43		0.94	-0.69	1.0	0.22	0.68	-0.66	0.91	0.79	-0.47	-0.93	0.36	0.74	-0.59	0.88	0.64
Non Current Assets Total	0.89	0.99	-0.86	-0.17	0.92	-0.37	-0.71	-0.53	0.91	0.61	0.94		-0.77	0.94	0.44	0.63	-0.68	0.93	0.77	-0.51	-0.88	0.53	0.8	-0.53	0.89	0.7
Non Currrent Assets Other	-0.78	-0.75	0.75	-0.14	-0.63	-0.1	0.7	0.28	-0.6	-0.74	-0.69	-0.77		-0.69	-0.58	-0.25	0.38	-0.56	-0.26	0.17	0.48	-0.57	-0.74	0.01	-0.56	-0.28
Cash And Short Term Investments	0.83	0.94	-0.91	-0.33	0.98	-0.48	-0.77	-0.75	0.98	0.43	1.0	0.94	-0.69		0.22	0.68	-0.66	0.91	0.79	-0.47	-0.93	0.36	0.74	-0.59	0.88	0.64
Net Receivables	0.72	0.5	-0.09	0.69	0.16	0.16	-0.27	0.43	0.1	0.94	0.22	0.44	-0.58	0.22		0.1	-0.02	0.32	0.04	0.17	-0.09	0.93	0.79	0.2	0.24	0.31
Good Will	0.54	0.65	-0.4	0.01	0.61	-0.24	-0.3	-0.66	0.62	0.32	0.68	0.63	-0.25	0.68	0.1		-0.63	0.52	0.46	-0.04	-0.64	0.41	0.48	-0.3	0.44	0.93
Common Stock Shares Outstanding	-0.41	-0.63	0.69	0.36	-0.69	0.5	0.65	0.6	-0.73	-0.25	-0.66	-0.68	0.38	-0.66	-0.02	-0.63		-0.61	-0.54	0.64	0.53	-0.1	-0.28	0.64	-0.71	-0.58
Non Current Liabilities Total	0.83	0.94	-0.82	-0.38	0.94	-0.65	-0.71	-0.51	0.93	0.43	0.91	0.93	-0.56	0.91	0.32	0.52	-0.61		0.93	-0.66	-0.93	0.37	0.74	-0.75	0.97	0.6
Inventory	0.6	0.77	-0.7	-0.6	0.86	-0.77	-0.52	-0.53	0.86	0.11	0.79	0.77	-0.26	0.79	0.04	0.46	-0.54	0.93		-0.75	-0.92	0.1	0.5	-0.88	0.91	0.53
Other Current Assets	-0.19	-0.43	0.65	0.78	-0.59	0.69	0.49	0.35	-0.63	0.13	-0.47	-0.51	0.17	-0.47	0.17	-0.04	0.64	-0.66	-0.75		0.55	0.29	-0.06	0.88	-0.78	-0.11
Other Stockholder Equity	-0.72	-0.88	0.79	0.46	-0.93	0.55	0.55	0.69	-0.94	-0.23	-0.93	-0.88	0.48	-0.93	-0.09	-0.64	0.53	-0.93	-0.92	0.55		-0.24	-0.63	0.69	-0.87	-0.66
Total Liab	0.79	0.6	-0.11	0.72	0.26	0.18	-0.23	0.21	0.2	0.95	0.36	0.53	-0.57	0.36	0.93	0.41	-0.1	0.37	0.1	0.29	-0.24		0.84	0.21	0.24	0.57
Total Current Assets	0.99	0.87	-0.54	0.28	0.68	-0.22	-0.62	-0.17	0.63	0.87	0.74	0.8	-0.74	0.74	0.79	0.48	-0.28	0.74	0.5	-0.06	-0.63	0.84		-0.19	0.64	0.57
Short Term Debt	-0.29	-0.51	0.61	0.78	-0.71	0.93	0.53	0.51	-0.73	0.14	-0.59	-0.53	0.01	-0.59	0.2	-0.3	0.64	-0.75	-0.88	0.88	0.69	0.21	-0.19		-0.83	-0.31
Common Stock	0.74	0.88	-0.88	-0.49	0.94	-0.71	-0.79	-0.53	0.94	0.36	0.88	0.89	-0.56	0.88	0.24	0.44	-0.71	0.97	0.91	-0.78	-0.87	0.24	0.64	-0.83		0.48
Other Assets	0.63	0.71	-0.34	0.12	0.57	-0.19	-0.19	-0.43	0.58	0.45	0.64	0.7	-0.28	0.64	0.31	0.93	-0.58	0.6	0.53	-0.11	-0.66	0.57	0.57	-0.31	0.48

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Solarmax Price To Sales Ratio vs Inventory Turnover Analysis

Price To Sales Ratio vs Inventory Turnover

Price To Sales Ratio vs Inventory Turnover Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Inventory Turnover

Solarmax Technology fundamental ratios Correlations

Solarmax Technology Account Relationship Matchups

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COMMON DESTINATIONS

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COMPANY

Retained Earnings	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Short Long Term Debt Total
Cash	+ 0.98	Total Stockholder Equity
Cash And Short Term Investments	+ 0.98	Total Stockholder Equity

Other Stockholder Equity	- 0.94	Retained Earnings
Other Stockholder Equity	- 0.93	Non Current Liabilities Total
Other Stockholder Equity	- 0.93	Cash And Short Term Investments
Other Stockholder Equity	- 0.93	Cash
Other Stockholder Equity	- 0.93	Total Stockholder Equity
Retained Earnings	- 0.93	Other Current Liab