Transcat Income Quality vs Price To Sales Ratio Analysis

TRNS Stock

USD 105.04 0.58 0.55%

Transcat financial indicator trend analysis is much more than just breaking down Transcat prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Transcat is a good investment. Please check the relationship between Transcat Income Quality 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 Transcat. 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.

For more information on how to buy Transcat Stock please use our How to Invest in Transcat guide.

Income Quality vs Price To Sales Ratio

Income Quality vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Transcat Income Quality account and Price To Sales Ratio. At this time, the significance of the direction appears to have weak relationship.

The correlation between Transcat's Income Quality and Price To Sales Ratio is 0.32. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Transcat, assuming nothing else is changed. The correlation between historical values of Transcat's Income Quality 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 Income Quality of Transcat 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 Income Quality i.e., Transcat's Income Quality and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

0.32

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Transcat stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Transcat sales, a figure that is much harder to manipulate than other Transcat 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 Transcat's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Transcat 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 Transcat. 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.

For more information on how to buy Transcat Stock please use our How to Invest in Transcat guide.At this time, Transcat's Selling General Administrative is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 81.1 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.08 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	58.4M	68.4M	83.8M	88.0M
Total Revenue	205.0M	230.6M	259.5M	272.5M

Gross Profit Total Revenue

Transcat fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Other Liab	Other Assets
Total Assets		0.46	0.9	0.94	0.97	0.99	0.19	0.98	0.85	1.0	-0.11	0.84	0.96	0.48	0.49	0.9	0.61	0.89	0.76	0.94	0.99	-0.21	0.47	0.95	0.96	-0.06
Short Long Term Debt Total	0.46		0.32	0.58	0.23	0.56	0.95	0.6	-0.05	0.5	-0.79	-0.08	0.64	0.37	1.0	0.6	0.65	0.01	0.92	0.16	0.39	-0.26	0.79	0.46	0.63	-0.11
Other Current Liab	0.9	0.32		0.87	0.9	0.88	0.07	0.86	0.8	0.91	-0.11	0.79	0.85	0.5	0.35	0.7	0.65	0.83	0.64	0.9	0.89	-0.07	0.32	0.86	0.86	0.1
Total Current Liabilities	0.94	0.58	0.87		0.87	0.95	0.35	0.97	0.68	0.94	-0.3	0.66	0.98	0.64	0.6	0.94	0.61	0.73	0.85	0.82	0.94	-0.25	0.7	0.83	0.94	-0.12
Total Stockholder Equity	0.97	0.23	0.9	0.87		0.93	-0.06	0.9	0.95	0.96	0.1	0.94	0.87	0.41	0.26	0.82	0.49	0.97	0.58	0.99	0.98	-0.17	0.28	0.92	0.88	-0.04
Property Plant And Equipment Net	0.99	0.56	0.88	0.95	0.93		0.3	0.99	0.77	0.99	-0.23	0.76	0.98	0.46	0.58	0.92	0.63	0.82	0.83	0.9	0.97	-0.27	0.52	0.93	0.98	-0.08
Net Debt	0.19	0.95	0.07	0.35	-0.06	0.3		0.35	-0.34	0.22	-0.85	-0.37	0.41	0.26	0.94	0.39	0.51	-0.28	0.77	-0.14	0.12	-0.22	0.73	0.19	0.39	-0.1
Retained Earnings	0.98	0.6	0.86	0.97	0.9	0.99	0.35		0.72	0.98	-0.28	0.71	0.99	0.52	0.62	0.94	0.63	0.77	0.86	0.86	0.96	-0.28	0.61	0.9	0.98	-0.1
Cash	0.85	-0.05	0.8	0.68	0.95	0.77	-0.34	0.72		0.83	0.36	1.0	0.67	0.24	-0.02	0.62	0.33	1.0	0.31	0.97	0.87	-0.09	0.01	0.84	0.7	-0.02
Non Current Assets Total	1.0	0.5	0.91	0.94	0.96	0.99	0.22	0.98	0.83		-0.15	0.82	0.96	0.47	0.52	0.89	0.63	0.87	0.79	0.93	0.99	-0.2	0.48	0.95	0.97	-0.05
Non Currrent Assets Other	-0.11	-0.79	-0.11	-0.3	0.1	-0.23	-0.85	-0.28	0.36	-0.15		0.38	-0.31	-0.17	-0.77	-0.31	-0.3	0.31	-0.63	0.14	-0.04	0.22	-0.64	-0.12	-0.28	0.33
Cash And Short Term Investments	0.84	-0.08	0.79	0.66	0.94	0.76	-0.37	0.71	1.0	0.82	0.38		0.66	0.23	-0.05	0.61	0.32	0.99	0.29	0.96	0.86	-0.08	-0.01	0.82	0.68	-0.02
Net Receivables	0.96	0.64	0.85	0.98	0.87	0.98	0.41	0.99	0.67	0.96	-0.31	0.66		0.59	0.66	0.95	0.65	0.73	0.89	0.82	0.95	-0.27	0.67	0.86	0.98	-0.08
Common Stock Shares Outstanding	0.48	0.37	0.5	0.64	0.41	0.46	0.26	0.52	0.24	0.47	-0.17	0.23	0.59		0.4	0.55	0.32	0.29	0.51	0.35	0.49	0.15	0.7	0.25	0.47	0.19
Non Current Liabilities Total	0.49	1.0	0.35	0.6	0.26	0.58	0.94	0.62	-0.02	0.52	-0.77	-0.05	0.66	0.4		0.61	0.66	0.04	0.92	0.18	0.42	-0.24	0.79	0.48	0.65	-0.07
Inventory	0.9	0.6	0.7	0.94	0.82	0.92	0.39	0.94	0.62	0.89	-0.31	0.61	0.95	0.55	0.61		0.48	0.68	0.83	0.76	0.9	-0.39	0.73	0.77	0.89	-0.31
Other Current Assets	0.61	0.65	0.65	0.61	0.49	0.63	0.51	0.63	0.33	0.63	-0.3	0.32	0.65	0.32	0.66	0.48		0.37	0.73	0.47	0.56	-0.22	0.42	0.66	0.7	0.14
Other Stockholder Equity	0.89	0.01	0.83	0.73	0.97	0.82	-0.28	0.77	1.0	0.87	0.31	0.99	0.73	0.29	0.04	0.68	0.37		0.38	0.98	0.91	-0.1	0.07	0.86	0.75	-0.01
Total Liab	0.76	0.92	0.64	0.85	0.58	0.83	0.77	0.86	0.31	0.79	-0.63	0.29	0.89	0.51	0.92	0.83	0.73	0.38		0.51	0.71	-0.27	0.8	0.72	0.87	-0.1
Property Plant And Equipment Gross	0.94	0.16	0.9	0.82	0.99	0.9	-0.14	0.86	0.97	0.93	0.14	0.96	0.82	0.35	0.18	0.76	0.47	0.98	0.51		0.96	-0.18	0.2	0.91	0.84	-0.06
Total Current Assets	0.99	0.39	0.89	0.94	0.98	0.97	0.12	0.96	0.87	0.99	-0.04	0.86	0.95	0.49	0.42	0.9	0.56	0.91	0.71	0.96		-0.23	0.45	0.92	0.94	-0.08
Short Term Debt	-0.21	-0.26	-0.07	-0.25	-0.17	-0.27	-0.22	-0.28	-0.09	-0.2	0.22	-0.08	-0.27	0.15	-0.24	-0.39	-0.22	-0.1	-0.27	-0.18	-0.23		-0.28	-0.19	-0.23	0.59
Accounts Payable	0.47	0.79	0.32	0.7	0.28	0.52	0.73	0.61	0.01	0.48	-0.64	-0.01	0.67	0.7	0.79	0.73	0.42	0.07	0.8	0.2	0.45	-0.28		0.3	0.57	-0.25
Intangible Assets	0.95	0.46	0.86	0.83	0.92	0.93	0.19	0.9	0.84	0.95	-0.12	0.82	0.86	0.25	0.48	0.77	0.66	0.86	0.72	0.91	0.92	-0.19	0.3		0.9	-0.07
Other Liab	0.96	0.63	0.86	0.94	0.88	0.98	0.39	0.98	0.7	0.97	-0.28	0.68	0.98	0.47	0.65	0.89	0.7	0.75	0.87	0.84	0.94	-0.23	0.57	0.9		0.0
Other Assets	-0.06	-0.11	0.1	-0.12	-0.04	-0.08	-0.1	-0.1	-0.02	-0.05	0.33	-0.02	-0.08	0.19	-0.07	-0.31	0.14	-0.01	-0.1	-0.06	-0.08	0.59	-0.25	-0.07	0.0

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Transcat Account Relationship Matchups

Transcat fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	128.1M	132.1M	177.8M	195.7M	287.6M	301.9M
Short Long Term Debt Total	37.2M	27.5M	57.6M	62.1M	21.5M	15.0M
Other Current Liab	6.9M	10.4M	11.4M	7.1M	14.2M	14.9M
Total Current Liabilities	20.9M	25.1M	27.7M	28.3M	33.5M	35.2M
Total Stockholder Equity	67.1M	75.1M	86.2M	99.6M	225.2M	236.4M
Property Plant And Equipment Net	29.4M	31.6M	37.5M	43.9M	55.8M	58.6M
Net Debt	36.7M	27.0M	56.3M	60.5M	1.9M	1.8M
Retained Earnings	46.5M	52.5M	58.7M	69.2M	80.1M	84.1M
Cash	499K	560K	1.4M	1.5M	19.6M	20.6M
Non Current Assets Total	79.7M	83.2M	118.1M	128.2M	182.4M	191.5M
Non Currrent Assets Other	(3.9M)	(4.3M)	(4.0M)	(3.7M)	955K	1.0M
Cash And Short Term Investments	499K	560K	1.4M	1.5M	35.2M	36.9M
Net Receivables	32.1M	34.4M	40.3M	45.2M	48.3M	50.7M
Common Stock Shares Outstanding	7.5M	7.5M	7.6M	7.6M	8.4M	7.1M
Liabilities And Stockholders Equity	128.1M	132.1M	177.8M	195.7M	287.6M	301.9M
Non Current Liabilities Total	40.1M	31.9M	63.9M	67.8M	28.9M	15.9M
Inventory	14.2M	11.6M	12.7M	16.9M	17.4M	18.3M
Other Current Assets	1.7M	2.4M	10.5M	3.9M	4.3M	4.5M
Other Stockholder Equity	17.9M	19.3M	23.9M	27.9M	141.6M	148.7M
Total Liab	61.0M	57.0M	91.6M	96.1M	62.4M	65.5M
Property Plant And Equipment Gross	29.4M	31.6M	37.5M	29.1M	114.1M	119.8M
Total Current Assets	48.5M	48.9M	59.7M	67.6M	105.2M	110.4M
Accumulated Other Comprehensive Income	(1.0M)	(451K)	(233K)	(1.2M)	(949K)	(996.5K)
Short Term Debt	2.0M	2.1M	2.2M	4.6M	4.8M	3.9M
Accounts Payable	11.9M	12.3M	14.2M	15.9M	11.5M	8.5M
Intangible Assets	8.0M	7.5M	14.7M	13.8M	20.0M	21.0M
Other Liab	4.3M	4.9M	6.4M	8.4M	9.6M	10.1M
Other Assets	293K	319K	808K	827K	744.3K	614.2K
Long Term Debt	28.4M	17.5M	46.3M	46.9M	1.8M	1.7M
Good Will	41.5M	43.3M	65.1M	69.4M	105.6M	110.9M
Common Stock Total Equity	3.7M	3.7M	3.8M	3.8M	4.3M	3.9M
Common Stock	3.7M	3.7M	3.8M	3.8M	4.4M	3.9M
Property Plant Equipment	20.8M	22.2M	37.5M	29.1M	33.4M	35.1M
Current Deferred Revenue	228K	86K	382K	(2.1M)	(1.9M)	(1.8M)
Net Tangible Assets	17.6M	24.3M	6.4M	99.6M	114.6M	120.3M
Retained Earnings Total Equity	46.5M	52.5M	58.7M	69.2M	79.5M	83.5M
Long Term Debt Total	28.4M	17.5M	46.3M	46.9M	53.9M	56.6M
Capital Surpluse	17.9M	19.3M	23.9M	27.9M	32.1M	18.0M
Deferred Long Term Liab	3.0M	3.2M	6.7M	6.5M	7.5M	7.9M

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