Avante Free Cash Flow Yield vs Price To Sales Ratio Analysis

XX Stock

CAD 0.84 0.01 1.20%

Avante Logixx financial indicator trend analysis is way more than just evaluating Avante Logixx prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avante Logixx is a good investment. Please check the relationship between Avante Logixx Free Cash Flow Yield and its Price To Sales Ratio accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Avante Logixx. 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.

Free Cash Flow Yield vs Price To Sales Ratio

Free Cash Flow Yield vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avante Logixx Free Cash Flow Yield account and Price To Sales Ratio. At this time, the significance of the direction appears to have no relationship.

The correlation between Avante Logixx's Free Cash Flow Yield and Price To Sales Ratio is 0.07. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Avante Logixx, assuming nothing else is changed. The correlation between historical values of Avante Logixx's Free Cash Flow Yield 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 Free Cash Flow Yield of Avante Logixx 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 Free Cash Flow Yield i.e., Avante Logixx's Free Cash Flow Yield and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

0.07

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Price To Sales Ratio

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

Discontinued Operations is likely to climb to about 1.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 6.5 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	7.8M	8.1M	2.7M	2.5M
Total Revenue	18.2M	20.0M	24.9M	21.3M

Gross Profit Total Revenue

Avante Logixx fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Net Receivables	Other Current Liab	Property Plant And Equipment Net	Current Deferred Revenue	Non Current Assets Total	Inventory	Short Long Term Debt Total	Non Current Liabilities Total	Short Term Debt	Net Tangible Assets	Other Assets	Short Long Term Debt	Intangible Assets
Total Assets		0.98	0.83	0.71	-0.42	0.95	-0.06	-0.06	0.74	0.41	-0.49	0.95	0.9	0.84	0.42	0.91	0.69	0.88	0.53	0.87	0.85	0.79	-0.49	-0.63	0.71	0.76
Total Current Liabilities	0.98		0.75	0.78	-0.43	0.95	-0.2	-0.2	0.69	0.48	-0.49	0.97	0.9	0.82	0.47	0.87	0.65	0.85	0.45	0.89	0.86	0.8	-0.47	-0.59	0.73	0.73
Total Stockholder Equity	0.83	0.75		0.22	-0.4	0.67	0.34	0.34	0.84	0.31	-0.43	0.62	0.78	0.55	0.26	0.73	0.72	0.69	0.58	0.47	0.43	0.52	-0.18	-0.49	0.44	0.6
Net Debt	0.71	0.78	0.22		-0.07	0.76	-0.68	-0.68	0.19	0.4	-0.37	0.86	0.59	0.71	0.4	0.62	0.32	0.67	0.23	0.92	0.88	0.75	-0.67	-0.32	0.73	0.58
Retained Earnings	-0.42	-0.43	-0.4	-0.07		-0.43	-0.35	-0.35	-0.69	-0.37	0.21	-0.38	-0.58	-0.3	-0.51	-0.42	-0.04	-0.16	0.09	-0.26	-0.33	-0.13	-0.4	0.77	0.0	-0.04
Accounts Payable	0.95	0.95	0.67	0.76	-0.43		-0.13	-0.13	0.67	0.22	-0.49	0.96	0.78	0.95	0.29	0.96	0.65	0.92	0.46	0.91	0.92	0.86	-0.59	-0.61	0.78	0.79
Cash	-0.06	-0.2	0.34	-0.68	-0.35	-0.13		1.0	0.37	-0.29	0.23	-0.26	0.0	-0.1	-0.19	0.04	0.0	-0.11	-0.02	-0.33	-0.29	-0.2	0.4	-0.28	-0.27	-0.12
Cash And Short Term Investments	-0.06	-0.2	0.34	-0.68	-0.35	-0.13	1.0		0.37	-0.29	0.23	-0.26	0.0	-0.1	-0.19	0.04	0.0	-0.11	-0.02	-0.33	-0.29	-0.2	0.4	-0.28	-0.27	-0.12
Common Stock Shares Outstanding	0.74	0.69	0.84	0.19	-0.69	0.67	0.37	0.37		0.23	-0.31	0.6	0.73	0.58	0.27	0.74	0.55	0.59	0.42	0.45	0.45	0.44	-0.07	-0.67	0.33	0.46
Other Current Assets	0.41	0.48	0.31	0.4	-0.37	0.22	-0.29	-0.29	0.23		-0.16	0.41	0.71	-0.05	0.93	0.06	-0.02	-0.02	-0.08	0.35	0.29	0.01	0.29	-0.32	-0.04	-0.12
Other Stockholder Equity	-0.49	-0.49	-0.43	-0.37	0.21	-0.49	0.23	0.23	-0.31	-0.16		-0.45	-0.37	-0.42	-0.1	-0.56	-0.52	-0.52	-0.55	-0.35	-0.37	-0.33	0.24	0.38	-0.3	-0.51
Total Liab	0.95	0.97	0.62	0.86	-0.38	0.96	-0.26	-0.26	0.6	0.41	-0.45		0.85	0.88	0.45	0.88	0.56	0.85	0.41	0.97	0.96	0.83	-0.58	-0.62	0.75	0.73
Total Current Assets	0.9	0.9	0.78	0.59	-0.58	0.78	0.0	0.0	0.73	0.71	-0.37	0.85		0.6	0.74	0.71	0.45	0.59	0.29	0.76	0.73	0.53	-0.14	-0.69	0.43	0.43
Net Receivables	0.84	0.82	0.55	0.71	-0.3	0.95	-0.1	-0.1	0.58	-0.05	-0.42	0.88	0.6		0.06	0.95	0.61	0.93	0.44	0.86	0.88	0.87	-0.71	-0.51	0.81	0.8
Other Current Liab	0.42	0.47	0.26	0.4	-0.51	0.29	-0.19	-0.19	0.27	0.93	-0.1	0.45	0.74	0.06		0.14	-0.13	-0.04	-0.19	0.41	0.4	-0.01	0.32	-0.46	-0.09	-0.2
Property Plant And Equipment Net	0.91	0.87	0.73	0.62	-0.42	0.96	0.04	0.04	0.74	0.06	-0.56	0.88	0.71	0.95	0.14		0.7	0.93	0.55	0.82	0.83	0.83	-0.58	-0.66	0.75	0.81
Current Deferred Revenue	0.69	0.65	0.72	0.32	-0.04	0.65	0.0	0.0	0.55	-0.02	-0.52	0.56	0.45	0.61	-0.13	0.7		0.8	0.88	0.41	0.42	0.53	-0.54	-0.25	0.51	0.82
Non Current Assets Total	0.88	0.85	0.69	0.67	-0.16	0.92	-0.11	-0.11	0.59	-0.02	-0.52	0.85	0.59	0.93	-0.04	0.93	0.8		0.66	0.8	0.79	0.9	-0.76	-0.43	0.86	0.96
Inventory	0.53	0.45	0.58	0.23	0.09	0.46	-0.02	-0.02	0.42	-0.08	-0.55	0.41	0.29	0.44	-0.19	0.55	0.88	0.66		0.28	0.33	0.33	-0.55	-0.29	0.31	0.76
Short Long Term Debt Total	0.87	0.89	0.47	0.92	-0.26	0.91	-0.33	-0.33	0.45	0.35	-0.35	0.97	0.76	0.86	0.41	0.82	0.41	0.8	0.28		0.97	0.85	-0.64	-0.56	0.8	0.67
Non Current Liabilities Total	0.85	0.86	0.43	0.88	-0.33	0.92	-0.29	-0.29	0.45	0.29	-0.37	0.96	0.73	0.88	0.4	0.83	0.42	0.79	0.33	0.97		0.79	-0.64	-0.64	0.71	0.68
Short Term Debt	0.79	0.8	0.52	0.75	-0.13	0.86	-0.2	-0.2	0.44	0.01	-0.33	0.83	0.53	0.87	-0.01	0.83	0.53	0.9	0.33	0.85	0.79		-0.72	-0.33	0.99	0.83
Net Tangible Assets	-0.49	-0.47	-0.18	-0.67	-0.4	-0.59	0.4	0.4	-0.07	0.29	0.24	-0.58	-0.14	-0.71	0.32	-0.58	-0.54	-0.76	-0.55	-0.64	-0.64	-0.72		0.03	-0.75	-0.78
Other Assets	-0.63	-0.59	-0.49	-0.32	0.77	-0.61	-0.28	-0.28	-0.67	-0.32	0.38	-0.62	-0.69	-0.51	-0.46	-0.66	-0.25	-0.43	-0.29	-0.56	-0.64	-0.33	0.03		-0.19	-0.35
Short Long Term Debt	0.71	0.73	0.44	0.73	0.0	0.78	-0.27	-0.27	0.33	-0.04	-0.3	0.75	0.43	0.81	-0.09	0.75	0.51	0.86	0.31	0.8	0.71	0.99	-0.75	-0.19		0.81
Intangible Assets	0.76	0.73	0.6	0.58	-0.04	0.79	-0.12	-0.12	0.46	-0.12	-0.51	0.73	0.43	0.8	-0.2	0.81	0.82	0.96	0.76	0.67	0.68	0.83	-0.78	-0.35	0.81

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Avante Logixx Account Relationship Matchups

Avante Logixx fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	49.1M	44.1M	42.9M	25.6M	25.2M	19.2M
Total Current Liabilities	19.1M	16.0M	17.9M	7.4M	8.9M	7.1M
Total Stockholder Equity	14.5M	11.6M	16.1M	16.8M	13.5M	8.8M
Net Debt	14.6M	12.3M	9.4M	(8.0M)	(4.7M)	(4.4M)
Retained Earnings	(7.4M)	(10.3M)	(15.7M)	(15.7M)	(18.7M)	(17.8M)
Accounts Payable	10.0M	10.4M	6.2M	4.2M	4.6M	4.5M
Cash	1.3M	1.6M	354.1K	10.1M	6.0M	6.3M
Cash And Short Term Investments	1.3M	1.6M	354.1K	10.1M	6.0M	6.3M
Liabilities And Stockholders Equity	49.1M	44.1M	42.9M	25.6M	25.2M	19.2M
Other Current Assets	771.1K	496.6K	29.6M	192.7K	591.8K	562.2K
Other Stockholder Equity	1.5M	1.5M	1.6M	2.3M	2.4M	3.0M
Total Liab	34.2M	32.5M	26.9M	8.8M	11.7M	10.3M
Total Current Assets	21.0M	22.6M	35.0M	17.3M	15.4M	11.1M
Net Receivables	17.1M	18.9M	4.1M	6.1M	7.7M	5.4M
Other Current Liab	158.5K	3.0M	8.5M	1.4M	1.6M	1.4M
Property Plant And Equipment Net	4.0M	3.9M	1.7M	2.4M	2.3M	1.5M
Current Deferred Revenue	3.2M	3.0M	2.3M	2.1M	2.4M	2.4M
Non Current Assets Total	28.1M	21.5M	8.0M	8.3M	9.8M	9.2M
Inventory	1.8M	1.6M	936.2K	929.4K	1.1M	1.2M
Short Long Term Debt Total	16.0M	13.9M	9.7M	2.1M	1.4M	1.3M
Non Current Liabilities Total	15.1M	16.4M	9.0M	1.4M	2.8M	4.4M
Short Term Debt	5.7M	2.6M	949.0K	1.1M	562.1K	533.9K
Net Tangible Assets	2.6M	(6.8M)	(4.0M)	11.3M	10.2M	10.7M
Other Assets	(2.0)	(1.0)	2.0	1.0	0.9	0.86
Short Long Term Debt	4.9M	1.9M	443.4K	500K	89.7K	85.2K
Intangible Assets	10.6M	5.9M	1.7M	1.9M	2.5M	4.4M
Property Plant Equipment	2.3M	3.8M	3.7M	1.7M	1.9M	2.0M
Other Liab	1.6M	4.9M	5.2M	8.8M	10.1M	10.6M
Long Term Debt	516.1K	8.6M	9.9M	8.4M	9.7M	10.2M
Good Will	8.2M	10.5M	9.6M	3.0M	4.5M	5.5M
Non Currrent Assets Other	98.8K	275.5K	13.4K	(1.0)	(0.9)	(0.85)
Capital Lease Obligations	2.4M	2.2M	840.7K	1.6M	1.4M	1.3M
Net Invested Capital	28.0M	23.4M	24.9M	17.3M	13.6M	15.9M
Net Working Capital	1.9M	6.6M	17.1M	9.9M	6.5M	7.3M

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