Nortech Historical Financial Ratios
| NSYS Stock | USD 11.10 0.23 2.03% |
Nortech Systems is lately reporting on over 110 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Days Sales Outstanding of 47.26 will help investors to properly organize and evaluate Nortech Systems financial condition quickly.
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About Nortech Financial Ratios Analysis
Nortech SystemsFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Nortech Systems investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Nortech financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Nortech Systems history.
Nortech Systems Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Nortech Systems stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Nortech Systems sales, a figure that is much harder to manipulate than other Nortech Systems Incorporated 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.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.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Most ratios from Nortech Systems' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Nortech Systems current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nortech Systems Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. At this time, Nortech Systems' Net Income Per Share is comparatively stable compared to the past year. Days Of Inventory On Hand is likely to gain to 85.03 in 2024, whereas Free Cash Flow Yield is likely to drop 0.02 in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 90.18 | 77.85 | 88.44 | 47.26 | PTB Ratio | 1.06 | 1.17 | 0.73 | 1.12 |
Nortech Systems fundamentals Correlations
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Nortech Systems Account Relationship Matchups
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Nortech Systems fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 0.0843 | 0.11 | 0.18 | 0.24 | 0.25 | 0.26 | |
| Ptb Ratio | 0.65 | 1.02 | 1.06 | 1.17 | 0.73 | 1.12 | |
| Days Sales Outstanding | 82.26 | 75.46 | 90.18 | 77.85 | 88.44 | 47.26 | |
| Book Value Per Share | 7.5 | 7.04 | 9.8 | 10.46 | 12.98 | 13.63 | |
| Free Cash Flow Yield | 0.0184 | 0.0443 | (0.21) | 0.09 | 0.0189 | 0.0166 | |
| Invested Capital | 1.03 | 1.3 | 0.77 | 0.64 | 0.2 | 0.19 | |
| Operating Cash Flow Per Share | 0.37 | 0.51 | (1.7) | 2.01 | 0.65 | 0.49 | |
| Capex To Depreciation | (0.34) | (0.24) | (0.7) | (1.27) | (0.63) | (0.66) | |
| Pb Ratio | 0.65 | 1.02 | 1.06 | 1.17 | 0.73 | 1.12 | |
| Ev To Sales | 0.29 | 0.39 | 0.41 | 0.37 | 0.27 | 0.43 | |
| Free Cash Flow Per Share | 0.0897 | 0.32 | (2.21) | 1.1 | 0.18 | 0.19 | |
| Roic | 0.0116 | (0.0738) | (0.0599) | 0.0438 | 0.0245 | 0.18 | |
| Inventory Turnover | 5.88 | 7.27 | 6.87 | 5.06 | 5.37 | 3.95 | |
| Net Income Per Share | (0.46) | (0.58) | 2.68 | 0.75 | 2.53 | 2.65 | |
| Days Of Inventory On Hand | 50.23 | 53.11 | 71.43 | 72.07 | 68.02 | 85.03 | |
| Payables Turnover | 7.4 | 8.51 | 7.81 | 7.68 | 7.3 | 10.59 | |
| Sales General And Administrative To Revenue | 0.0828 | 0.0773 | 0.0868 | 0.0852 | 0.0887 | 0.093 | |
| Capex To Revenue | (0.006516) | (0.004985) | (0.0118) | (0.0182) | (0.009215) | (0.009676) | |
| Pocfratio | 13.02 | 13.98 | (6.07) | 6.09 | 14.5 | 15.22 | |
| Interest Coverage | (1.91) | (3.33) | 5.28 | 4.76 | 12.22 | 12.84 | |
| Capex To Operating Cash Flow | (0.57) | (0.76) | (0.38) | 0.3 | (0.45) | (0.73) | |
| Pfcf Ratio | 54.31 | 22.58 | (4.68) | 11.11 | 52.87 | 55.51 | |
| Days Payables Outstanding | 49.3 | 42.89 | 46.72 | 47.51 | 50.01 | 32.1 | |
| Income Quality | (0.81) | (0.88) | (0.63) | 2.69 | 0.26 | 0.24 | |
| Roe | (0.0615) | (0.0826) | 0.27 | 0.0716 | 0.19 | 0.2 | |
| Ev To Operating Cash Flow | 33.35 | 29.71 | (10.39) | 9.24 | 21.56 | 22.64 | |
| Pe Ratio | (10.57) | (12.33) | 3.85 | 16.37 | 3.73 | 3.54 | |
| Return On Tangible Assets | (0.0213) | (0.0274) | 0.11 | 0.0291 | 0.0918 | 0.0964 | |
| Ev To Free Cash Flow | 139.1 | 47.97 | (8.0) | 16.86 | 78.65 | 82.58 | |
| Earnings Yield | (0.0946) | (0.0811) | 0.26 | 0.0611 | 0.27 | 0.28 | |
| Intangibles To Total Assets | 0.0605 | 0.0204 | 0.007467 | 0.006068 | 0.003501 | 0.003326 | |
| Net Debt To E B I T D A | 90.47 | (10.39) | 3.94 | 4.4 | 1.56 | 1.48 | |
| Current Ratio | 1.95 | 3.65 | 2.32 | 2.38 | 2.21 | 2.52 | |
| Tangible Book Value Per Share | 6.1 | 6.6 | 9.61 | 10.3 | 12.89 | 13.53 | |
| Receivables Turnover | 4.44 | 4.84 | 4.05 | 4.69 | 4.13 | 7.19 |
Pair Trading with Nortech Systems
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 Nortech Systems 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 Nortech Systems will appreciate offsetting losses from the drop in the long position's value.Moving against Nortech Stock
| 0.81 | G | Genpact Limited | PairCorr |
| 0.72 | LTRX | Lantronix Fiscal Year End 5th of September 2024 | PairCorr |
| 0.67 | HPQ | HP Inc Fiscal Year End 19th of November 2024 | PairCorr |
| 0.67 | KODK | Eastman Kodak | PairCorr |
| 0.63 | EBON | Ebang International | PairCorr |
The ability to find closely correlated positions to Nortech Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nortech Systems 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 Nortech Systems - 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 Nortech Systems Incorporated to buy it.
The correlation of Nortech Systems 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 Nortech Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nortech Systems 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 Nortech Systems 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.Additional Tools for Nortech Stock Analysis
When running Nortech Systems' price analysis, check to measure Nortech Systems' 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 Nortech Systems is operating at the current time. Most of Nortech Systems' value examination focuses on studying past and present price action to predict the probability of Nortech Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nortech Systems' price. Additionally, you may evaluate how the addition of Nortech Systems to your portfolios can decrease your overall portfolio volatility.