Firan Days Sales Outstanding vs Ptb Ratio 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 Ptb Ratio 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 Ptb Ratio
Days Sales Outstanding vs Ptb Ratio 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 Ptb Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Firan Technology's Days Sales Outstanding and Ptb Ratio is -0.07. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Ptb Ratio 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 Ptb 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 Days Sales Outstanding of Firan Technology Group are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Days Sales Outstanding i.e., Firan Technology's Days Sales Outstanding and Ptb Ratio go up and down completely randomly.
Correlation Coefficient | -0.07 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Days Sales Outstanding
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.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 |
Firan Technology fundamental ratios Correlations
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Firan Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
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.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.