Firan Days Sales Outstanding vs Ev To Sales Analysis

FTG Stock

CAD 7.25 0.07 0.97%

Firan Technology financial indicator trend analysis is much more than just examining Firan Technology latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Firan Technology is a good investment. Please check the relationship between Firan Technology Days Sales Outstanding and its Ev To Sales accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Firan Technology Group. 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.

Days Sales Outstanding vs Ev To Sales

Days Sales Outstanding vs Ev To Sales Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Firan Technology Days Sales Outstanding account and Ev To Sales. At this time, the significance of the direction appears to have very week relationship.

The correlation between Firan Technology's Days Sales Outstanding and Ev To Sales is 0.22. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of Firan Technology Group, assuming nothing else is changed. The correlation between historical values of Firan Technology's Days Sales Outstanding and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Sales Outstanding of Firan Technology Group are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Days Sales Outstanding i.e., Firan Technology's Days Sales Outstanding and Ev To Sales go up and down completely randomly.

Correlation Coefficient

0.22

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Days Sales Outstanding

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.

Most indicators from Firan Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Firan Technology 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Firan Technology Group. 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, Firan Technology's Selling General Administrative is very stable compared to the past year. As of the 9th of November 2024, Tax Provision is likely to grow to about 2.7 M, while Enterprise Value Over EBITDA is likely to drop 7.65.

	2021	2022	2023	2024 (projected)
Gross Profit	21.3M	39.3M	45.2M	47.4M
Total Revenue	89.6M	135.2M	155.5M	163.3M

Gross Profit Total Revenue

Firan Technology 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	Accounts Payable	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	Current Deferred Revenue	Common Stock Total Equity	Intangible Assets
Total Assets		0.94	-0.08	0.97	0.97	0.96	0.72	0.96	0.98	0.39	0.98	0.06	0.39	0.96	0.58	0.9	0.97	0.54	-0.46	0.97	0.89	0.99	0.5	0.55	0.74	0.26
Short Long Term Debt Total	0.94		-0.02	0.89	0.84	0.97	0.88	0.82	0.91	0.21	0.97	-0.11	0.21	0.9	0.36	0.99	0.91	0.35	-0.32	0.98	0.9	0.88	0.42	0.42	0.57	0.17
Other Current Liab	-0.08	-0.02		-0.06	-0.12	-0.05	0.07	-0.08	-0.04	-0.2	-0.05	-0.61	-0.2	-0.01	0.06	0.01	-0.06	-0.27	-0.22	-0.02	-0.05	-0.09	-0.12	-0.65	-0.17	-0.07
Total Current Liabilities	0.97	0.89	-0.06		0.93	0.87	0.76	0.92	0.98	0.23	0.95	0.18	0.23	0.98	0.59	0.83	0.98	0.43	-0.49	0.95	0.79	0.96	0.61	0.57	0.7	0.44
Total Stockholder Equity	0.97	0.84	-0.12	0.93		0.9	0.55	0.99	0.94	0.54	0.92	0.14	0.54	0.91	0.66	0.79	0.92	0.67	-0.49	0.89	0.83	0.99	0.52	0.58	0.83	0.27
Property Plant And Equipment Net	0.96	0.97	-0.05	0.87	0.9		0.76	0.88	0.92	0.37	0.97	-0.15	0.37	0.89	0.41	0.96	0.9	0.46	-0.31	0.96	0.95	0.92	0.33	0.44	0.64	0.05
Net Debt	0.72	0.88	0.07	0.76	0.55	0.76		0.54	0.77	-0.28	0.82	-0.16	-0.28	0.78	0.13	0.87	0.8	-0.06	-0.19	0.86	0.68	0.63	0.37	0.25	0.23	0.28
Retained Earnings	0.96	0.82	-0.08	0.92	0.99	0.88	0.54		0.94	0.53	0.9	0.14	0.53	0.92	0.74	0.79	0.91	0.65	-0.6	0.88	0.82	0.98	0.49	0.59	0.82	0.22
Accounts Payable	0.98	0.91	-0.04	0.98	0.94	0.92	0.77	0.94		0.24	0.97	0.06	0.24	0.99	0.57	0.89	0.98	0.43	-0.48	0.97	0.85	0.96	0.47	0.54	0.67	0.3
Cash	0.39	0.21	-0.2	0.23	0.54	0.37	-0.28	0.53	0.24		0.27	0.12	1.0	0.2	0.51	0.19	0.19	0.85	-0.27	0.22	0.4	0.47	0.12	0.32	0.7	-0.22
Non Current Assets Total	0.98	0.97	-0.05	0.95	0.92	0.97	0.82	0.9	0.97	0.27		0.0	0.27	0.94	0.46	0.95	0.96	0.4	-0.37	0.99	0.91	0.94	0.44	0.5	0.65	0.21
Non Currrent Assets Other	0.06	-0.11	-0.61	0.18	0.14	-0.15	-0.16	0.14	0.06	0.12	0.0		0.12	0.07	0.26	-0.19	0.09	0.17	-0.17	-0.03	-0.12	0.1	0.36	0.71	0.26	0.42
Cash And Short Term Investments	0.39	0.21	-0.2	0.23	0.54	0.37	-0.28	0.53	0.24	1.0	0.27	0.12		0.2	0.51	0.19	0.19	0.85	-0.27	0.22	0.4	0.47	0.12	0.32	0.7	-0.22
Net Receivables	0.96	0.9	-0.01	0.98	0.91	0.89	0.78	0.92	0.99	0.2	0.94	0.07	0.2		0.61	0.86	0.97	0.42	-0.56	0.96	0.8	0.95	0.54	0.54	0.66	0.35
Common Stock Shares Outstanding	0.58	0.36	0.06	0.59	0.66	0.41	0.13	0.74	0.57	0.51	0.46	0.26	0.51	0.61		0.32	0.55	0.66	-0.86	0.46	0.35	0.65	0.49	0.49	0.8	0.25
Non Current Liabilities Total	0.9	0.99	0.01	0.83	0.79	0.96	0.87	0.79	0.89	0.19	0.95	-0.19	0.19	0.86	0.32		0.87	0.3	-0.3	0.97	0.91	0.84	0.27	0.39	0.5	0.04
Inventory	0.97	0.91	-0.06	0.98	0.92	0.9	0.8	0.91	0.98	0.19	0.96	0.09	0.19	0.97	0.55	0.87		0.42	-0.44	0.96	0.81	0.95	0.56	0.53	0.68	0.41
Other Current Assets	0.54	0.35	-0.27	0.43	0.67	0.46	-0.06	0.65	0.43	0.85	0.4	0.17	0.85	0.42	0.66	0.3	0.42		-0.36	0.37	0.37	0.63	0.48	0.35	0.84	0.19
Other Stockholder Equity	-0.46	-0.32	-0.22	-0.49	-0.49	-0.31	-0.19	-0.6	-0.48	-0.27	-0.37	-0.17	-0.27	-0.56	-0.86	-0.3	-0.44	-0.36		-0.41	-0.26	-0.52	-0.29	-0.41	-0.46	-0.09
Total Liab	0.97	0.98	-0.02	0.95	0.89	0.96	0.86	0.88	0.97	0.22	0.99	-0.03	0.22	0.96	0.46	0.97	0.96	0.37	-0.41		0.9	0.93	0.44	0.49	0.62	0.23
Property Plant And Equipment Gross	0.89	0.9	-0.05	0.79	0.83	0.95	0.68	0.82	0.85	0.4	0.91	-0.12	0.4	0.8	0.35	0.91	0.81	0.37	-0.26	0.9		0.85	0.19	0.46	0.6	-0.07
Total Current Assets	0.99	0.88	-0.09	0.96	0.99	0.92	0.63	0.98	0.96	0.47	0.94	0.1	0.47	0.95	0.65	0.84	0.95	0.63	-0.52	0.93	0.85		0.53	0.57	0.8	0.28
Short Term Debt	0.5	0.42	-0.12	0.61	0.52	0.33	0.37	0.49	0.47	0.12	0.44	0.36	0.12	0.54	0.49	0.27	0.56	0.48	-0.29	0.44	0.19	0.53		0.25	0.62	0.82
Current Deferred Revenue	0.55	0.42	-0.65	0.57	0.58	0.44	0.25	0.59	0.54	0.32	0.5	0.71	0.32	0.54	0.49	0.39	0.53	0.35	-0.41	0.49	0.46	0.57	0.25		0.53	0.14
Common Stock Total Equity	0.74	0.57	-0.17	0.7	0.83	0.64	0.23	0.82	0.67	0.7	0.65	0.26	0.7	0.66	0.8	0.5	0.68	0.84	-0.46	0.62	0.6	0.8	0.62	0.53		0.35
Intangible Assets	0.26	0.17	-0.07	0.44	0.27	0.05	0.28	0.22	0.3	-0.22	0.21	0.42	-0.22	0.35	0.25	0.04	0.41	0.19	-0.09	0.23	-0.07	0.28	0.82	0.14	0.35

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Firan Technology Account Relationship Matchups

Firan Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	86.7M	79.5M	83.7M	125.7M	144.6M	151.8M
Short Long Term Debt Total	18.9M	12.9M	13.6M	35.2M	40.5M	42.5M
Other Current Liab	1.0M	545K	1.5M	1.8M	1.6M	2.2M
Total Current Liabilities	20.1M	17.2M	23.1M	33.0M	37.9M	39.8M
Total Stockholder Equity	50.3M	50.1M	48.3M	59.5M	68.5M	71.9M
Property Plant And Equipment Net	24.8M	21.2M	20.2M	39.6M	45.6M	47.8M
Net Debt	(168K)	(7.3M)	(2.1M)	28.6M	32.8M	34.5M
Retained Earnings	19.1M	19.4M	19.5M	31.0M	35.7M	37.5M
Accounts Payable	13.9M	13.8M	14.9M	24.4M	28.0M	29.4M
Cash	19.0M	20.2M	15.7M	6.6M	7.6M	4.6M
Non Current Assets Total	27.2M	22.3M	29.8M	51.7M	59.4M	62.4M
Non Currrent Assets Other	1.9M	805K	8.7M	667K	767.1K	728.7K
Cash And Short Term Investments	19.0M	20.2M	15.7M	6.6M	7.6M	4.6M
Net Receivables	17.8M	16.8M	17.1M	29.0M	33.3M	35.0M
Common Stock Shares Outstanding	24.6M	24.7M	24.6M	24.2M	27.8M	18.7M
Liabilities And Stockholders Equity	86.7M	79.5M	83.7M	125.7M	144.6M	151.8M
Non Current Liabilities Total	15.3M	11.2M	11.3M	32.4M	37.2M	39.1M
Inventory	19.3M	17.0M	19.7M	36.6M	42.0M	44.1M
Other Current Assets	3.4M	3.2M	1.5M	1.9M	2.2M	1.1M
Other Stockholder Equity	8.3M	8.4M	8.3M	8.5M	7.7M	7.3M
Total Liab	35.4M	28.4M	34.5M	65.4M	75.2M	79.0M
Property Plant And Equipment Gross	24.8M	68.2M	72.0M	95.5M	109.8M	115.3M
Total Current Assets	59.5M	57.1M	53.9M	74.1M	85.2M	89.4M
Accumulated Other Comprehensive Income	958K	478K	(867K)	(1.3M)	(1.2M)	(1.2M)
Short Term Debt	4.7M	2.5M	2.3M	5.0M	5.8M	3.3M
Current Deferred Revenue	388K	335K	4.4M	1.8M	2.1M	2.2M
Intangible Assets	575K	327K	215K	1.7M	2.0M	1.3M
Other Liab	1.8M	1.3M	1.2M	789K	907.4K	1.3M
Net Tangible Assets	42.1M	49.7M	49.8M	48.1M	55.3M	36.9M
Other Assets	270K	1.9M	805K	9.4M	10.8M	11.4M
Long Term Debt	3.5M	1.3M	2.4M	9.0M	8.1M	8.5M
Short Long Term Debt	2.9M	935K	913K	1.2M	1.1M	1.0M
Property Plant Equipment	13.8M	24.8M	21.2M	20.2M	23.2M	14.3M
Deferred Long Term Liab	279K	212K	205K	184K	165.6K	296.3K
Net Invested Capital	56.7M	52.4M	51.7M	69.8M	80.2M	59.3M

Pair Trading with Firan Technology

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 Firan Technology 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 Firan Technology will appreciate offsetting losses from the drop in the long position's value.

Moving together with Firan Stock

0.64

FFH

Fairfax Financial

Pair Corr

The ability to find closely correlated positions to Firan Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Firan Technology 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 Firan Technology - 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 Firan Technology Group to buy it.

The correlation of Firan Technology 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 Firan Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Firan Technology 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 Firan Technology 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.

Pair Correlation Correlation Matching

Other Information on Investing in Firan Stock

Balance Sheet is a snapshot of the financial position of Firan Technology at a specified time, usually calculated after every quarter, six months, or one year. Firan Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Firan Technology 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 Firan currently owns. An asset can also be divided into two categories, current and non-current.

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Firan Days Sales Outstanding vs Ev To Sales Analysis

Days Sales Outstanding vs Ev To Sales

Days Sales Outstanding vs Ev To Sales Correlation Analysis

Correlation Coefficient

Days Sales Outstanding

Ev To Sales

Firan Technology fundamental ratios Correlations

Firan Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Firan Technology fundamental ratios Accounts

Pair Trading with Firan Technology

Moving together with Firan Stock

Other Information on Investing in Firan Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Retained Earnings	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Total Stockholder Equity
Net Receivables	+ 0.99	Accounts Payable

Other Stockholder Equity	- 0.86	Common Stock Shares Outstanding
Current Deferred Revenue	- 0.65	Other Current Liab
Non Currrent Assets Other	- 0.61	Other Current Liab
Other Stockholder Equity	- 0.6	Retained Earnings
Other Stockholder Equity	- 0.56	Net Receivables
Total Current Assets	- 0.52	Other Stockholder Equity