VNP Ptb Ratio vs Days Sales Outstanding Analysis
VNP Stock | CAD 6.60 0.15 2.33% |
5N Plus financial indicator trend analysis is way more than just evaluating 5N Plus prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 5N Plus is a good investment. Please check the relationship between 5N Plus Ptb 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 5N Plus. 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.
Ptb Ratio vs Days Sales Outstanding
Ptb Ratio vs Days Sales Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 5N Plus Ptb Ratio account and Days Sales Outstanding. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between 5N Plus' Ptb Ratio and Days Sales Outstanding is -0.4. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of 5N Plus, assuming nothing else is changed. The correlation between historical values of 5N Plus' Ptb 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 Ptb Ratio of 5N Plus 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 Ptb Ratio i.e., 5N Plus' Ptb Ratio and Days Sales Outstanding go up and down completely randomly.
Correlation Coefficient | -0.4 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Days Sales Outstanding
Most indicators from 5N Plus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 5N Plus 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 5N Plus. 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, 5N Plus' Tax Provision is very stable compared to the past year. As of the 25th of November 2024, Enterprise Value Over EBITDA is likely to grow to 9.04, while Selling General Administrative is likely to drop about 24.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.7M | 5.5M | 8.8M | 5.5M | Depreciation And Amortization | 12.8M | 18.0M | 16.4M | 11.6M |
5N Plus fundamental ratios Correlations
Click cells to compare fundamentals
5N Plus Account Relationship Matchups
High Positive Relationship
High Negative Relationship
5N Plus fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 229.9M | 226.7M | 373.6M | 348.0M | 350.2M | 339.7M | |
Short Long Term Debt Total | 61.3M | 55.5M | 148.6M | 151.4M | 138.6M | 102.9M | |
Other Current Liab | 17.7M | 23.1M | 109K | 34.7M | 23.7M | 12.7M | |
Total Current Liabilities | 37.0M | 36.6M | 65.1M | 62.8M | 81.8M | 76.0M | |
Total Stockholder Equity | 117.3M | 118.4M | 136.2M | 112.8M | 128.6M | 114.3M | |
Property Plant And Equipment Net | 64.6M | 58.2M | 113.7M | 108.0M | 113.9M | 70.2M | |
Net Debt | 41.3M | 15.5M | 112.7M | 108.7M | 103.9M | 69.0M | |
Retained Earnings | (224.7M) | (224.5M) | (222.2M) | (245.2M) | (229.8M) | (218.3M) | |
Accounts Payable | 17.8M | 11.9M | 32.2M | 14.3M | 17.9M | 23.2M | |
Cash | 20.1M | 40.0M | 35.9M | 42.7M | 34.7M | 24.6M | |
Non Current Assets Total | 85.2M | 75.8M | 178.1M | 160.8M | 168.2M | 119.5M | |
Non Currrent Assets Other | 699K | 790K | 1.0M | 1.4M | 2.0M | 2.2M | |
Other Assets | 9.6M | 7.9M | 8.0M | 7.4M | 8.5M | 7.6M | |
Cash And Short Term Investments | 20.1M | 40.0M | 35.9M | 42.7M | 34.7M | 29.2M | |
Net Receivables | 33.9M | 35.6M | 47.2M | 38.4M | 35.1M | 49.6M | |
Common Stock Shares Outstanding | 84.7M | 84.0M | 82.5M | 82.8M | 88.5M | 77.4M | |
Liabilities And Stockholders Equity | 229.9M | 226.7M | 373.6M | 348.0M | 350.2M | 339.7M | |
Non Current Liabilities Total | 75.6M | 71.8M | 172.3M | 172.4M | 139.8M | 106.3M | |
Inventory | 83.4M | 67.1M | 95.5M | 86.3M | 105.9M | 90.1M | |
Other Current Assets | 7.4M | 8.3M | 16.9M | 19.9M | 3.5M | 5.6M | |
Other Stockholder Equity | 342.7M | 337.1M | 337.5M | 337.0M | 343.0M | 360.2M | |
Total Liab | 112.6M | 108.3M | 237.3M | 235.2M | 221.6M | 182.3M | |
Property Plant And Equipment Gross | 64.6M | 58.2M | 171.6M | 176.4M | 192.4M | 202.0M | |
Total Current Assets | 144.7M | 150.9M | 195.5M | 187.2M | 182.0M | 160.1M | |
Accumulated Other Comprehensive Income | (6.8M) | (5.7M) | (5.2M) | (6.0M) | (6.5M) | (6.2M) | |
Short Term Debt | 1.6M | 1.6M | 2.5M | 2.1M | 26.8M | 17.6M | |
Intangible Assets | 11.0M | 9.7M | 40.5M | 31.6M | 29.3M | 22.8M | |
Common Stock | 343.5M | 6.0M | 5.8M | 21.0M | 21.9M | 20.8M | |
Other Liab | 15.9M | 17.4M | 26.1M | 23.1M | 20.8M | 19.3M | |
Net Tangible Assets | 106.3M | 108.7M | 81.9M | 69.4M | 62.4M | 87.5M | |
Long Term Debt | 55M | 50M | 116M | 121M | 83.5M | 75.5M | |
Deferred Long Term Liab | 475K | 298K | 305K | 777K | 699.3K | 654.1K | |
Short Long Term Debt | 18.7M | 107K | 109K | 25M | 22.5M | 11.5M | |
Property Plant Equipment | 64.6M | 58.2M | 113.7M | 108.0M | 124.2M | 78.5M | |
Long Term Debt Total | 59.8M | 53.9M | 146.2M | 149.3M | 171.7M | 180.2M | |
Capital Surpluse | 342.7M | 342.8M | 342.7M | 343.0M | 394.4M | 414.2M |
Pair Trading with 5N Plus
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if 5N Plus position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in 5N Plus will appreciate offsetting losses from the drop in the long position's value.Moving against VNP Stock
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The ability to find closely correlated positions to 5N Plus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 5N Plus when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back 5N Plus - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling 5N Plus to buy it.
The correlation of 5N Plus is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 5N Plus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 5N Plus moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for 5N Plus can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in VNP Stock
Balance Sheet is a snapshot of the financial position of 5N Plus at a specified time, usually calculated after every quarter, six months, or one year. 5N Plus Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of 5N Plus and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which VNP currently owns. An asset can also be divided into two categories, current and non-current.