Water Price To Sales Ratio vs Capex To Depreciation Analysis

WWT Stock

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Water Ways financial indicator trend analysis is more than just analyzing Water Ways Technologies current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Water Ways Technologies is a good investment. Please check the relationship between Water Ways Price To Sales Ratio and its Capex To Depreciation accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Water Ways Technologies. 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 Capex To Depreciation

Price To Sales Ratio vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Water Ways Technologies Price To Sales Ratio account and Capex To Depreciation. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Water Ways' Price To Sales Ratio and Capex To Depreciation is -0.55. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Water Ways Technologies, assuming nothing else is changed. The correlation between historical values of Water Ways' Price To Sales Ratio and Capex To Depreciation 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 Water Ways Technologies are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Price To Sales Ratio i.e., Water Ways' Price To Sales Ratio and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

-0.55

Relationship Direction	Negative
Relationship Strength	Very Weak

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Price To Sales Ratio

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

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Most indicators from Water Ways' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Water Ways Technologies 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Water Ways Technologies. 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.

Selling General Administrative is likely to drop to about 1.3 M in 2024. Tax Provision is likely to climb to about (45.6 K) in 2024

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	194K	262K	265K	206.1K
Depreciation And Amortization	194K	262K	301.3K	184.8K

Reconciled Depreciation Depreciation And Amortization

Water Ways fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Total Liab	Total Current Assets	Retained Earnings	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Other Current Liab	Net Tangible Assets	Other Assets	Long Term Debt	Short Term Investments	Inventory	Short Long Term Debt	Short Term Debt	Property Plant Equipment	Net Invested Capital	Net Working Capital
Total Assets		0.92	0.26	0.29	0.75	0.79	0.95	0.74	0.95	0.94	0.99	-0.56	0.8	0.34	0.69	0.25	-0.43	0.64	0.2	0.8	0.84	0.72	0.71	0.8	0.71	0.75
Total Current Liabilities	0.92		0.07	0.56	0.73	0.6	0.91	0.74	0.89	0.95	0.91	-0.72	0.91	0.58	0.84	0.28	-0.52	0.76	0.11	0.9	0.87	0.87	0.85	0.87	0.69	0.47
Total Stockholder Equity	0.26	0.07		0.23	0.09	-0.08	0.17	-0.37	0.37	-0.06	0.28	0.52	0.06	-0.17	-0.23	-0.23	0.58	-0.01	-0.33	0.1	-0.03	0.08	0.07	-0.09	0.73	0.3
Net Debt	0.29	0.56	0.23		0.25	-0.28	0.35	0.06	0.34	0.3	0.3	-0.36	0.67	0.75	0.57	0.0	-0.1	0.46	-0.2	0.67	0.42	0.74	0.72	0.48	0.67	-0.31
Accounts Payable	0.75	0.73	0.09	0.25		0.55	0.73	0.54	0.74	0.74	0.74	-0.44	0.58	0.18	0.51	0.1	-0.36	0.55	0.05	0.63	0.56	0.53	0.53	0.57	0.48	0.51
Cash	0.79	0.6	-0.08	-0.28	0.55		0.7	0.86	0.66	0.8	0.78	-0.54	0.49	0.06	0.51	0.28	-0.54	0.35	0.48	0.41	0.68	0.3	0.29	0.6	0.21	0.9
Non Current Assets Total	0.95	0.91	0.17	0.35	0.73	0.7		0.7	0.87	0.93	0.91	-0.6	0.82	0.42	0.7	0.26	-0.57	0.62	0.28	0.73	0.84	0.73	0.71	0.73	0.67	0.63
Cash And Short Term Investments	0.74	0.74	-0.37	0.06	0.54	0.86	0.7		0.6	0.88	0.74	-0.87	0.73	0.45	0.83	0.32	-0.74	0.47	0.52	0.62	0.81	0.51	0.51	0.79	0.18	0.61
Net Receivables	0.95	0.89	0.37	0.34	0.74	0.66	0.87	0.6		0.86	0.96	-0.39	0.69	0.22	0.56	0.22	-0.2	0.65	-0.11	0.76	0.69	0.66	0.64	0.68	0.75	0.68
Total Liab	0.94	0.95	-0.06	0.3	0.74	0.8	0.93	0.88	0.86		0.93	-0.77	0.85	0.47	0.83	0.33	-0.64	0.67	0.29	0.8	0.89	0.74	0.73	0.86	0.52	0.64
Total Current Assets	0.99	0.91	0.28	0.3	0.74	0.78	0.91	0.74	0.96	0.93		-0.54	0.79	0.33	0.69	0.24	-0.37	0.62	0.15	0.81	0.83	0.7	0.69	0.8	0.72	0.76
Retained Earnings	-0.56	-0.72	0.52	-0.36	-0.44	-0.54	-0.6	-0.87	-0.39	-0.77	-0.54		-0.81	-0.75	-0.94	-0.33	0.87	-0.57	-0.55	-0.67	-0.82	-0.7	-0.69	-0.84	-0.17	-0.22
Common Stock Shares Outstanding	0.8	0.91	0.06	0.67	0.58	0.49	0.82	0.73	0.69	0.85	0.79	-0.81		0.81	0.95	0.22	-0.61	0.64	0.36	0.87	0.92	0.88	0.87	0.9	0.7	0.36
Other Current Assets	0.34	0.58	-0.17	0.75	0.18	0.06	0.42	0.45	0.22	0.47	0.33	-0.75	0.81		0.82	0.37	-0.53	0.35	0.39	0.62	0.73	0.73	0.71	0.69	0.42	-0.12
Other Stockholder Equity	0.69	0.84	-0.23	0.57	0.51	0.51	0.7	0.83	0.56	0.83	0.69	-0.94	0.95	0.82		0.23	-0.72	0.59	0.43	0.82	0.88	0.8	0.79	0.89	0.46	0.28
Other Current Liab	0.25	0.28	-0.23	0.0	0.1	0.28	0.26	0.32	0.22	0.33	0.24	-0.33	0.22	0.37	0.23		-0.22	0.1	0.2	0.09	0.49	0.24	0.23	0.33	0.01	0.2
Net Tangible Assets	-0.43	-0.52	0.58	-0.1	-0.36	-0.54	-0.57	-0.74	-0.2	-0.64	-0.37	0.87	-0.61	-0.53	-0.72	-0.22		-0.47	-0.74	-0.42	-0.68	-0.53	-0.52	-0.64	0.01	-0.22
Other Assets	0.64	0.76	-0.01	0.46	0.55	0.35	0.62	0.47	0.65	0.67	0.62	-0.57	0.64	0.35	0.59	0.1	-0.47		-0.05	0.71	0.59	0.86	0.85	0.74	0.52	0.26
Long Term Debt	0.2	0.11	-0.33	-0.2	0.05	0.48	0.28	0.52	-0.11	0.29	0.15	-0.55	0.36	0.39	0.43	0.2	-0.74	-0.05		0.04	0.51	0.13	0.13	0.35	-0.09	0.35
Short Term Investments	0.8	0.9	0.1	0.67	0.63	0.41	0.73	0.62	0.76	0.8	0.81	-0.67	0.87	0.62	0.82	0.09	-0.42	0.71	0.04		0.78	0.88	0.89	0.9	0.68	0.29
Inventory	0.84	0.87	-0.03	0.42	0.56	0.68	0.84	0.81	0.69	0.89	0.83	-0.82	0.92	0.73	0.88	0.49	-0.68	0.59	0.51	0.78		0.81	0.81	0.93	0.58	0.54
Short Long Term Debt	0.72	0.87	0.08	0.74	0.53	0.3	0.73	0.51	0.66	0.74	0.7	-0.7	0.88	0.73	0.8	0.24	-0.53	0.86	0.13	0.88	0.81		1.0	0.89	0.71	0.2
Short Term Debt	0.71	0.85	0.07	0.72	0.53	0.29	0.71	0.51	0.64	0.73	0.69	-0.69	0.87	0.71	0.79	0.23	-0.52	0.85	0.13	0.89	0.81	1.0		0.9	0.69	0.19
Property Plant Equipment	0.8	0.87	-0.09	0.48	0.57	0.6	0.73	0.79	0.68	0.86	0.8	-0.84	0.9	0.69	0.89	0.33	-0.64	0.74	0.35	0.9	0.93	0.89	0.9		0.56	0.44
Net Invested Capital	0.71	0.69	0.73	0.67	0.48	0.21	0.67	0.18	0.75	0.52	0.72	-0.17	0.7	0.42	0.46	0.01	0.01	0.52	-0.09	0.68	0.58	0.71	0.69	0.56		0.39
Net Working Capital	0.75	0.47	0.3	-0.31	0.51	0.9	0.63	0.61	0.68	0.64	0.76	-0.22	0.36	-0.12	0.28	0.2	-0.22	0.26	0.35	0.29	0.54	0.2	0.19	0.44	0.39

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Water Ways Account Relationship Matchups

Water Ways fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.5M	7.9M	12.1M	9.2M	4.4M	3.1M
Total Current Liabilities	4.7M	5.5M	6.1M	4.8M	4.6M	4.8M
Total Stockholder Equity	1.7M	543K	(831K)	1.7M	(1.3M)	(1.2M)
Accounts Payable	2.7M	3.7M	4.3M	2.7M	2.2M	2.1M
Cash	237K	319K	2.6M	1.1M	199K	189.1K
Net Receivables	4.3M	3.9M	5.1M	2.9M	1.3M	1.5M
Total Liab	4.8M	7.4M	12.9M	7.5M	6.1M	6.4M
Total Current Assets	5.5M	5.5M	9.7M	6.9M	3.7M	2.5M
Retained Earnings	(1.3M)	(2.5M)	(7.9M)	(5.8M)	(9.0M)	(8.6M)
Other Current Assets	176K	205K	66K	711K	817.7K	858.5K
Other Current Liab	269K	278K	500K	228K	262.2K	323.6K
Net Tangible Assets	2.6M	1.2M	(1.5M)	(2.7M)	(2.4M)	(2.3M)
Other Assets	18K	274K	190K	164K	188.6K	134.4K
Long Term Debt	116K	265K	489K	645K	412K	394.2K
Inventory	852K	1.0M	2.0M	2.2M	1.7M	1.3M
Short Long Term Debt	1.7M	1.4M	885K	1.7M	1.9M	1.2M
Short Term Debt	1.7M	1.4M	903K	1.8M	2.0M	1.1M
Property Plant Equipment	212K	298K	243K	361K	415.2K	265.8K

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