Primo Days Sales Outstanding vs Price To Sales Ratio Analysis

PRMW Stock

CAD 29.90 0.44 1.45%

Primo Water financial indicator trend analysis is much more than just breaking down Primo Water Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Primo Water Corp is a good investment. Please check the relationship between Primo Water Days Sales Outstanding and its Price To Sales Ratio accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primo Water Corp. 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 Price To Sales Ratio

Days Sales Outstanding vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Primo Water Corp Days Sales Outstanding account and Price To Sales Ratio. At this time, the significance of the direction appears to have no relationship.

The correlation between Primo Water's Days Sales Outstanding and Price To Sales Ratio is 0.08. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Primo Water Corp, assuming nothing else is changed. The correlation between historical values of Primo Water's Days Sales Outstanding 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 Days Sales Outstanding of Primo Water Corp 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 Days Sales Outstanding i.e., Primo Water's Days Sales Outstanding and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

0.08

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Days Sales Outstanding

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Primo Water Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Primo Water sales, a figure that is much harder to manipulate than other Primo Water Corp 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 Primo Water's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Primo Water Corp 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 Equity Center to better understand how to build diversified portfolios, which includes a position in Primo Water Corp. 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, Primo Water's Selling General Administrative is very stable compared to the past year. As of the 1st of July 2024, Tax Provision is likely to grow to about 28.4 M, while Discontinued Operations is likely to drop about 27.4 M.

	2021	2022	2023	2024 (projected)
Interest Expense	68.8M	69.8M	71.4M	69.9M
Depreciation And Amortization	211.3M	248.1M	285.3M	299.6M

Interest Expense Depreciation And Amortization

Primo Water 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	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		0.86	0.8	0.92	0.66	0.87	0.89	-0.11	0.52	0.12	0.99	0.32	0.45	0.72	0.88	0.97	0.08	0.37	-0.15	0.97	0.6	0.71	0.67	0.96	0.61	0.6
Short Long Term Debt Total	0.86		0.68	0.82	0.71	0.71	0.81	-0.22	0.46	0.43	0.83	0.5	0.39	0.62	0.69	0.88	-0.02	0.41	-0.13	0.88	0.8	0.68	0.88	0.81	0.72	0.72
Other Current Liab	0.8	0.68		0.9	0.38	0.54	0.86	-0.21	0.48	-0.13	0.78	0.6	0.29	0.66	0.63	0.81	0.07	0.76	-0.13	0.84	0.21	0.6	0.41	0.69	0.36	0.35
Total Current Liabilities	0.92	0.82	0.9		0.46	0.78	0.97	-0.23	0.68	-0.08	0.9	0.42	0.29	0.82	0.71	0.94	0.26	0.55	-0.15	0.97	0.43	0.71	0.6	0.85	0.42	0.41
Total Stockholder Equity	0.66	0.71	0.38	0.46		0.61	0.38	0.06	0.09	0.68	0.68	0.21	0.67	0.3	0.83	0.52	-0.4	0.02	-0.07	0.51	0.86	0.34	0.76	0.68	0.95	0.95
Property Plant And Equipment Net	0.87	0.71	0.54	0.78	0.61		0.79	0.01	0.63	0.05	0.88	-0.1	0.47	0.77	0.79	0.83	0.3	-0.01	-0.03	0.83	0.64	0.56	0.58	0.92	0.49	0.48
Net Debt	0.89	0.81	0.86	0.97	0.38	0.79		-0.3	0.66	-0.16	0.89	0.33	0.2	0.81	0.62	0.95	0.27	0.48	-0.14	0.96	0.4	0.61	0.57	0.87	0.36	0.35
Retained Earnings	-0.11	-0.22	-0.21	-0.23	0.06	0.01	-0.3		0.11	0.21	-0.15	-0.32	0.49	0.11	0.01	-0.17	0.19	-0.34	0.1	-0.19	0.02	0.16	-0.34	-0.16	-0.2	-0.2
Accounts Payable	0.52	0.46	0.48	0.68	0.09	0.63	0.66	0.11		-0.19	0.46	-0.03	0.26	0.95	0.3	0.59	0.79	0.13	0.01	0.62	0.25	0.63	0.17	0.5	-0.04	-0.04
Cash	0.12	0.43	-0.13	-0.08	0.68	0.05	-0.16	0.21	-0.19		0.08	0.28	0.54	-0.12	0.29	0.05	-0.43	-0.09	0.01	0.02	0.76	0.26	0.57	0.06	0.69	0.69
Non Current Assets Total	0.99	0.83	0.78	0.9	0.68	0.88	0.89	-0.15	0.46	0.08		0.26	0.42	0.67	0.89	0.95	0.0	0.32	-0.17	0.95	0.58	0.6	0.67	0.98	0.64	0.63
Non Currrent Assets Other	0.32	0.5	0.6	0.42	0.21	-0.1	0.33	-0.32	-0.03	0.28	0.26		0.0	0.05	0.21	0.37	-0.25	0.91	-0.1	0.39	0.18	0.49	0.42	0.11	0.31	0.31
Cash And Short Term Investments	0.45	0.39	0.29	0.29	0.67	0.47	0.2	0.49	0.26	0.54	0.42	0.0		0.4	0.59	0.34	-0.06	-0.07	0.01	0.33	0.53	0.44	0.26	0.4	0.5	0.5
Net Receivables	0.72	0.62	0.66	0.82	0.3	0.77	0.81	0.11	0.95	-0.12	0.67	0.05	0.4		0.53	0.76	0.63	0.21	0.05	0.78	0.37	0.69	0.31	0.7	0.16	0.16
Common Stock Shares Outstanding	0.88	0.69	0.63	0.71	0.83	0.79	0.62	0.01	0.3	0.29	0.89	0.21	0.59	0.53		0.75	-0.11	0.19	-0.06	0.75	0.64	0.58	0.61	0.86	0.75	0.75
Non Current Liabilities Total	0.97	0.88	0.81	0.94	0.52	0.83	0.95	-0.17	0.59	0.05	0.95	0.37	0.34	0.76	0.75		0.19	0.44	-0.15	1.0	0.54	0.75	0.65	0.91	0.49	0.49
Inventory	0.08	-0.02	0.07	0.26	-0.4	0.3	0.27	0.19	0.79	-0.43	0.0	-0.25	-0.06	0.63	-0.11	0.19		-0.05	0.16	0.21	-0.14	0.43	-0.27	0.07	-0.54	-0.54
Other Current Assets	0.37	0.41	0.76	0.55	0.02	-0.01	0.48	-0.34	0.13	-0.09	0.32	0.91	-0.07	0.21	0.19	0.44	-0.05		-0.07	0.47	-0.06	0.48	0.24	0.17	0.09	0.09
Other Stockholder Equity	-0.15	-0.13	-0.13	-0.15	-0.07	-0.03	-0.14	0.1	0.01	0.01	-0.17	-0.1	0.01	0.05	-0.06	-0.15	0.16	-0.07		-0.15	-0.01	0.03	-0.15	-0.12	-0.14	-0.14
Total Liab	0.97	0.88	0.84	0.97	0.51	0.83	0.96	-0.19	0.62	0.02	0.95	0.39	0.33	0.78	0.75	1.0	0.21	0.47	-0.15		0.52	0.74	0.64	0.91	0.48	0.47
Property Plant And Equipment Gross	0.6	0.8	0.21	0.43	0.86	0.64	0.4	0.02	0.25	0.76	0.58	0.18	0.53	0.37	0.64	0.54	-0.14	-0.06	-0.01	0.52		0.47	0.86	0.6	0.82	0.83
Total Current Assets	0.71	0.68	0.6	0.71	0.34	0.56	0.61	0.16	0.63	0.26	0.6	0.49	0.44	0.69	0.58	0.75	0.43	0.48	0.03	0.74	0.47		0.43	0.53	0.26	0.25
Short Term Debt	0.67	0.88	0.41	0.6	0.76	0.58	0.57	-0.34	0.17	0.57	0.67	0.42	0.26	0.31	0.61	0.65	-0.27	0.24	-0.15	0.64	0.86	0.43		0.66	0.82	0.82
Intangible Assets	0.96	0.81	0.69	0.85	0.68	0.92	0.87	-0.16	0.5	0.06	0.98	0.11	0.4	0.7	0.86	0.91	0.07	0.17	-0.12	0.91	0.6	0.53	0.66		0.63	0.62
Common Stock Total Equity	0.61	0.72	0.36	0.42	0.95	0.49	0.36	-0.2	-0.04	0.69	0.64	0.31	0.5	0.16	0.75	0.49	-0.54	0.09	-0.14	0.48	0.82	0.26	0.82	0.63		1.0
Common Stock	0.6	0.72	0.35	0.41	0.95	0.48	0.35	-0.2	-0.04	0.69	0.63	0.31	0.5	0.16	0.75	0.49	-0.54	0.09	-0.14	0.47	0.83	0.25	0.82	0.62	1.0

Click cells to compare fundamentals

Primo Water Account Relationship Matchups

Primo Water fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.4B	3.6B	3.7B	3.7B	3.5B	1.8B
Short Long Term Debt Total	1.6B	1.7B	1.7B	1.7B	2.0B	2.1B
Other Current Liab	265.7M	252.5M	256.3M	261.4M	109.9M	141.5M
Total Current Liabilities	607.6M	548.8M	709.8M	690.6M	426.1M	382.4M
Total Stockholder Equity	1.2B	1.3B	1.3B	1.3B	1.4B	1.5B
Property Plant And Equipment Net	850.9M	866.2M	895.5M	913M	692.5M	488.2M
Net Debt	1.4B	1.5B	1.6B	1.6B	729.5M	758.0M
Retained Earnings	265M	81.1M	16.4M	(9.4M)	167.2M	84.2M
Accounts Payable	200.4M	135.2M	181.4M	163.7M	94.3M	151.3M
Cash	205.5M	115.1M	128.4M	122.6M	507.9M	533.3M
Non Current Assets Total	2.7B	3.2B	3.2B	3.1B	2.7B	1.4B
Non Currrent Assets Other	20.6M	24.1M	26.9M	28.3M	245.8M	258.1M
Cash And Short Term Investments	205.5M	115.1M	128.4M	122.6M	141.0M	148.0M
Net Receivables	279.3M	222.3M	261.6M	258.6M	146.4M	202.0M
Common Stock Shares Outstanding	135.2M	155.4M	160.8M	161.9M	159.5M	98.6M
Liabilities And Stockholders Equity	3.4B	3.6B	3.7B	3.7B	4.2B	4.4B
Non Current Liabilities Total	1.4B	1.6B	1.7B	1.7B	1.7B	843.1M
Inventory	122.5M	83.8M	94.6M	112.1M	47.3M	44.9M
Other Current Assets	35M	21.3M	25.2M	44.7M	26M	41.8M
Other Stockholder Equity	77.4M	84.5M	85.9M	91.3M	82.2M	118.6M
Total Liab	2.2B	2.3B	2.4B	2.4B	2.1B	1.2B
Property Plant And Equipment Gross	850.9M	866.2M	895.5M	913M	1.3B	1.3B
Total Current Assets	642.3M	442.5M	509.8M	538M	865.9M	470.8M
Accumulated Other Comprehensive Income	(68.5M)	(86.7M)	(69.1M)	(82.2M)	(74.0M)	(70.3M)
Short Term Debt	141.5M	161.1M	272.1M	265.5M	305.3M	320.6M
Intangible Assets	701.4M	987.6M	969.8M	894.7M	714.2M	435.7M
Common Stock Total Equity	917.1M	899.4M	892.3M	1.3B	1.5B	1.5B
Common Stock	892.3M	1.3B	1.3B	1.3B	1.5B	1.5B
Good Will	1.2B	1.3B	1.3B	1.3B	1.0B	724.6M
Other Assets	360.3M	24.1M	26.9M	28.3M	25.5M	24.2M
Long Term Debt	1.2B	1.3B	1.3B	1.2B	1.2B	1.2B
Long Term Debt Total	1.3B	1.3B	1.3B	1.3B	1.2B	1.2B
Capital Surpluse	77.4M	84.5M	85.9M	91.3M	105.0M	80.8M
Property Plant Equipment	743.8M	866.2M	895.5M	913M	1.0B	822.1M
Other Liab	202.8M	215.9M	223.7M	235.2M	211.7M	177.5M
Net Tangible Assets	(478.3M)	(925M)	(971.1M)	(904.8M)	(814.3M)	(855.0M)
Capital Lease Obligations	240.4M	183.5M	181M	210.2M	197.2M	141.8M
Short Long Term Debt	93.5M	125.6M	239.8M	229.8M	264.3M	190.3M
Non Current Liabilities Other	61.7M	67.8M	64.9M	65.2M	64.4M	57.2M
Cash And Equivalents	205.5M	115.1M	128.4M	122.6M	141.0M	143.4M

Pair Trading with Primo Water

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 Primo Water 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 Primo Water will appreciate offsetting losses from the drop in the long position's value.

Moving together with Primo Stock

0.87	AAPL	Apple Inc CDR	Pair Corr
0.92	GOOG	Alphabet CDR	Pair Corr

Moving against Primo Stock

0.76

XOM

EXXON MOBIL CDR

Pair Corr

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

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

Additional Information and Resources on Investing in Primo Stock

When determining whether Primo Water Corp is a strong investment it is important to analyze Primo Water's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Primo Water's future performance. For an informed investment choice regarding Primo Stock, refer to the following important reports:

How To Invest In Primo

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Is Primo Stock a good investment?

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What is Primo Water's Net Worth?

Details

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primo Water Corp. 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.

You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

Please note, there is a significant difference between Primo Water's value and its price as these two are different measures arrived at by different means. Investors typically determine if Primo Water is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Primo Water's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Primo Days Sales Outstanding vs Price To Sales Ratio Analysis

Days Sales Outstanding vs Price To Sales Ratio

Days Sales Outstanding vs Price To Sales Ratio Correlation Analysis

Correlation Coefficient

Days Sales Outstanding

Price To Sales Ratio

Primo Water fundamental ratios Correlations

Primo Water Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Primo Water fundamental ratios Accounts

Pair Trading with Primo Water

Moving together with Primo Stock

Moving against Primo Stock

Additional Information and Resources on Investing in Primo Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Non Current Liabilities Total
Common Stock	+ 1.0	Common Stock Total Equity
Non Current Assets Total	+ 0.99	Total Assets
Intangible Assets	+ 0.98	Non Current Assets Total
Non Current Liabilities Total	+ 0.97	Total Assets
Total Liab	+ 0.97	Total Assets

Common Stock	- 0.54	Inventory
Common Stock Total Equity	- 0.54	Inventory
Inventory	- 0.43	Cash
Inventory	- 0.4	Total Stockholder Equity
Short Term Debt	- 0.34	Retained Earnings
Other Current Assets	- 0.34	Retained Earnings