TAG Price To Sales Ratio vs Days Sales Outstanding Analysis

TAO Stock

CAD 0.17 0.01 6.25%

TAG Oil financial indicator trend analysis is much more than just breaking down TAG Oil prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TAG Oil is a good investment. Please check the relationship between TAG Oil 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 TAG Oil. 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 TAG Oil Price To Sales Ratio account and Days Sales Outstanding. At this time, the significance of the direction appears to have almost identical trend.

The correlation between TAG Oil's Price To Sales Ratio and Days Sales Outstanding is 0.98. 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 TAG Oil, assuming nothing else is changed. The correlation between historical values of TAG Oil's 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 TAG Oil 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., TAG Oil's Price To Sales Ratio and Days Sales Outstanding go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Price To Sales Ratio

Price to Sales Ratio is figured by comparing TAG Oil stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on TAG Oil sales, a figure that is much harder to manipulate than other TAG Oil 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 TAG Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TAG Oil 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 TAG Oil. 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, TAG Oil's Issuance Of Capital Stock is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 7.10 in 2024, whereas Selling General Administrative is likely to drop slightly above 4.5 M in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	4.2M	6.7M	6.0M	5.7M
Cost Of Revenue	122K	164K	147.6K	140.2K

Total Operating Expenses Cost Of Revenue

TAG Oil fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Common Stock	Property Plant Equipment	Net Invested Capital	Net Working Capital
Total Assets		0.74	0.93	1.0	0.95	0.98	0.96	0.94	-0.01	0.98	-0.2	-0.08	0.85	0.91	-0.54	0.95	-0.74	0.96	0.95	-0.82	-0.94	0.41	0.73	0.96	1.0	-0.72
Other Current Liab	0.74		0.88	0.69	0.89	0.73	0.59	0.88	-0.43	0.81	0.46	0.6	0.52	0.81	-0.54	0.89	-0.4	0.86	0.89	-0.77	-0.55	-0.05	0.72	0.62	0.7	-0.81
Total Current Liabilities	0.93	0.88		0.9	0.98	0.89	0.83	0.99	-0.17	0.94	0.09	0.21	0.83	0.98	-0.5	0.98	-0.72	0.97	0.99	-0.77	-0.82	0.26	0.69	0.84	0.91	-0.84
Total Stockholder Equity	1.0	0.69	0.9		0.93	0.98	0.97	0.91	0.03	0.97	-0.25	-0.14	0.84	0.88	-0.52	0.93	-0.73	0.94	0.92	-0.81	-0.94	0.44	0.72	0.97	1.0	-0.68
Other Liab	0.95	0.89	0.98	0.93		0.94	0.88	0.99	-0.2	0.97	0.02	0.17	0.81	0.95	-0.58	1.0	-0.7	0.99	1.0	-0.84	-0.84	0.25	0.78	0.89	0.93	-0.85
Net Tangible Assets	0.98	0.73	0.89	0.98	0.94		0.96	0.93	0.02	0.97	-0.23	-0.09	0.83	0.87	-0.61	0.94	-0.73	0.95	0.93	-0.88	-0.9	0.44	0.83	0.97	0.99	-0.68
Retained Earnings	0.96	0.59	0.83	0.97	0.88	0.96		0.86	0.06	0.94	-0.4	-0.28	0.84	0.83	-0.47	0.88	-0.75	0.89	0.87	-0.74	-0.92	0.45	0.66	0.98	0.97	-0.65
Accounts Payable	0.94	0.88	0.99	0.91	0.99	0.93	0.86		-0.12	0.95	0.03	0.17	0.85	0.98	-0.56	0.99	-0.75	0.98	1.0	-0.83	-0.83	0.32	0.77	0.87	0.92	-0.83
Cash	-0.01	-0.43	-0.17	0.03	-0.2	0.02	0.06	-0.12		-0.19	-0.45	-0.51	0.26	-0.04	0.07	-0.2	-0.25	-0.21	-0.19	-0.07	0.02	0.89	0.04	-0.04	0.03	0.59
Non Current Assets Total	0.98	0.81	0.94	0.97	0.97	0.97	0.94	0.95	-0.19		-0.11	0.03	0.77	0.89	-0.52	0.97	-0.66	0.98	0.97	-0.81	-0.89	0.24	0.75	0.96	0.97	-0.8
Non Currrent Assets Other	-0.2	0.46	0.09	-0.25	0.02	-0.23	-0.4	0.03	-0.45	-0.11		0.98	-0.36	0.01	0.02	0.02	0.43	-0.04	0.04	-0.06	0.4	-0.49	0.02	-0.4	-0.25	-0.11
Other Assets	-0.08	0.6	0.21	-0.14	0.17	-0.09	-0.28	0.17	-0.51	0.03	0.98		-0.24	0.13	-0.13	0.17	0.31	0.11	0.19	-0.19	0.29	-0.48	0.18	-0.26	-0.13	-0.26
Long Term Debt	0.85	0.52	0.83	0.84	0.81	0.83	0.84	0.85	0.26	0.77	-0.36	-0.24		0.91	-0.49	0.81	-0.97	0.81	0.81	-0.64	-0.85	0.64	0.59	0.82	0.85	-0.63
Net Receivables	0.91	0.81	0.98	0.88	0.95	0.87	0.83	0.98	-0.04	0.89	0.01	0.13	0.91		-0.5	0.95	-0.82	0.94	0.96	-0.75	-0.82	0.38	0.67	0.82	0.89	-0.8
Common Stock Shares Outstanding	-0.54	-0.54	-0.5	-0.52	-0.58	-0.61	-0.47	-0.56	0.07	-0.52	0.02	-0.13	-0.49	-0.5		-0.58	0.48	-0.61	-0.56	0.69	0.58	-0.21	-0.69	-0.52	-0.52	0.45
Non Current Liabilities Total	0.95	0.89	0.98	0.93	1.0	0.94	0.88	0.99	-0.2	0.97	0.02	0.17	0.81	0.95	-0.58		-0.7	0.99	1.0	-0.84	-0.84	0.25	0.78	0.89	0.93	-0.85
Other Current Assets	-0.74	-0.4	-0.72	-0.73	-0.7	-0.73	-0.75	-0.75	-0.25	-0.66	0.43	0.31	-0.97	-0.82	0.48	-0.7		-0.71	-0.71	0.47	0.8	-0.6	-0.48	-0.74	-0.74	0.6
Other Stockholder Equity	0.96	0.86	0.97	0.94	0.99	0.95	0.89	0.98	-0.21	0.98	-0.04	0.11	0.81	0.94	-0.61	0.99	-0.71		0.99	-0.83	-0.89	0.24	0.77	0.92	0.95	-0.85
Total Liab	0.95	0.89	0.99	0.92	1.0	0.93	0.87	1.0	-0.19	0.97	0.04	0.19	0.81	0.96	-0.56	1.0	-0.71	0.99		-0.83	-0.83	0.25	0.77	0.88	0.93	-0.85
Long Term Investments	-0.82	-0.77	-0.77	-0.81	-0.84	-0.88	-0.74	-0.83	-0.07	-0.81	-0.06	-0.19	-0.64	-0.75	0.69	-0.84	0.47	-0.83	-0.83		0.65	-0.44	-0.94	-0.75	-0.82	0.49
Short Long Term Debt	-0.94	-0.55	-0.82	-0.94	-0.84	-0.9	-0.92	-0.83	0.02	-0.89	0.4	0.29	-0.85	-0.82	0.58	-0.84	0.8	-0.89	-0.83	0.65		-0.37	-0.57	-0.94	-0.93	0.7
Total Current Assets	0.41	-0.05	0.26	0.44	0.25	0.44	0.45	0.32	0.89	0.24	-0.49	-0.48	0.64	0.38	-0.21	0.25	-0.6	0.24	0.25	-0.44	-0.37		0.42	0.38	0.45	0.18
Common Stock	0.73	0.72	0.69	0.72	0.78	0.83	0.66	0.77	0.04	0.75	0.02	0.18	0.59	0.67	-0.69	0.78	-0.48	0.77	0.77	-0.94	-0.57	0.42		0.7	0.75	-0.48
Property Plant Equipment	0.96	0.62	0.84	0.97	0.89	0.97	0.98	0.87	-0.04	0.96	-0.4	-0.26	0.82	0.82	-0.52	0.89	-0.74	0.92	0.88	-0.75	-0.94	0.38	0.7		0.97	-0.71
Net Invested Capital	1.0	0.7	0.91	1.0	0.93	0.99	0.97	0.92	0.03	0.97	-0.25	-0.13	0.85	0.89	-0.52	0.93	-0.74	0.95	0.93	-0.82	-0.93	0.45	0.75	0.97		-0.68
Net Working Capital	-0.72	-0.81	-0.84	-0.68	-0.85	-0.68	-0.65	-0.83	0.59	-0.8	-0.11	-0.26	-0.63	-0.8	0.45	-0.85	0.6	-0.85	-0.85	0.49	0.7	0.18	-0.48	-0.71	-0.68

Click cells to compare fundamentals

TAG Oil Account Relationship Matchups

TAG Oil fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	57.3M	20.5M	18.2M	41.1M	37.0M	58.2M
Total Current Liabilities	777K	479K	525K	1.7M	1.6M	2.5M
Total Stockholder Equity	56.3M	20.0M	17.2M	39.0M	35.1M	50.2M
Net Tangible Assets	61.1M	56.3M	20.0M	17.2M	15.5M	14.7M
Retained Earnings	(209.0M)	(220.9M)	(224.0M)	(227.0M)	(204.3M)	(214.5M)
Accounts Payable	604K	353K	400K	632K	568.8K	540.4K
Cash	41.5M	15.9M	13.3M	19.5M	22.4M	18.1M
Non Current Assets Total	12.8M	3.0M	2.3M	17.8M	16.0M	15.2M
Non Currrent Assets Other	6.4M	116K	115K	8.3M	7.5M	9.6M
Other Assets	68.6M	339K	116K	115K	103.5K	98.3K
Net Receivables	408K	359K	273K	1.0M	922.5K	1.8M
Common Stock Shares Outstanding	85.4M	91.7M	91.8M	155.7M	179.0M	106.9M
Non Current Liabilities Total	172.2K	26K	454K	304K	273.6K	259.9K
Other Stockholder Equity	33.9M	21.1M	21.4M	21.6M	19.5M	23.0M
Total Liab	949.0K	505K	979K	2.0M	1.8M	1.7M
Long Term Investments	26.2K	2.8M	1.6M	2.3M	2.7M	2.8M
Total Current Assets	44.4M	17.5M	15.9M	23.3M	21.0M	17.0M
Property Plant Equipment	6.8M	6.3M	113K	576K	518.4K	492.5K
Net Invested Capital	56.3M	20.0M	17.2M	39.0M	35.1M	42.8M
Net Working Capital	43.7M	17.0M	15.4M	21.6M	24.8M	18.5M
Capital Stock	244.2M	219.6M	219.6M	243.4M	219.1M	187.4M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for TAG Stock Analysis

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC