Supremex Price To Sales Ratio vs Days Sales Outstanding Analysis

SXP Stock

CAD 4.02 0.06 1.52%

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

Price To Sales Ratio vs Days Sales Outstanding

Price To Sales Ratio vs Days Sales Outstanding Correlation Analysis

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

The correlation between Supremex's Price To Sales Ratio and Days Sales Outstanding is 0.86. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of Supremex, assuming nothing else is changed. The correlation between historical values of Supremex's Price To Sales Ratio and Days Sales Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Supremex are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Price To Sales Ratio i.e., Supremex's Price To Sales Ratio and Days Sales Outstanding go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Supremex stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Supremex sales, a figure that is much harder to manipulate than other Supremex 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.

Days Sales Outstanding

Most indicators from Supremex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Supremex 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Supremex. 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, Supremex's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 27th of September 2024, Enterprise Value Multiple is likely to grow to 5.49, while Selling General Administrative is likely to drop about 25.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	53.1M	75.1M	68.4M	51.7M
Total Revenue	226.4M	272.5M	302.2M	198.5M

Gross Profit Total Revenue

Supremex 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	Good Will	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	Intangible Assets	Short Term Debt	Current Deferred Revenue
Total Assets		0.62	0.74	0.63	0.94	0.57	0.64	0.92	0.14	0.7	0.98	0.25	0.7	0.65	0.8	0.09	0.78	0.43	0.66	0.28	0.8	0.38	0.68	0.94	-0.31	0.3
Short Long Term Debt Total	0.62		0.53	0.51	0.46	0.77	0.78	0.46	0.23	0.18	0.53	0.3	0.18	0.76	0.2	-0.23	0.74	0.7	0.72	0.01	0.74	0.5	0.77	0.56	0.19	0.0
Other Current Liab	0.74	0.53		0.67	0.74	0.56	0.46	0.76	-0.15	0.54	0.67	0.63	0.54	0.77	0.48	-0.17	0.45	0.57	0.64	-0.03	0.52	0.53	0.78	0.57	-0.11	-0.24
Total Current Liabilities	0.63	0.51	0.67		0.44	0.72	0.71	0.49	0.48	0.33	0.53	0.19	0.33	0.77	0.22	-0.38	0.68	0.69	0.55	-0.14	0.78	0.73	0.81	0.65	-0.43	0.18
Total Stockholder Equity	0.94	0.46	0.74	0.44		0.33	0.37	0.97	-0.05	0.75	0.96	0.34	0.75	0.5	0.9	0.21	0.54	0.22	0.51	0.32	0.55	0.21	0.52	0.82	-0.16	0.28
Property Plant And Equipment Net	0.57	0.77	0.56	0.72	0.33		0.93	0.38	0.22	-0.01	0.44	0.41	-0.01	0.86	-0.02	-0.54	0.8	0.87	0.83	-0.24	0.82	0.81	0.88	0.55	-0.31	-0.16
Net Debt	0.64	0.78	0.46	0.71	0.37	0.93		0.39	0.34	0.12	0.54	0.19	0.12	0.76	0.11	-0.34	0.93	0.78	0.82	-0.06	0.93	0.65	0.81	0.69	-0.44	0.04
Retained Earnings	0.92	0.46	0.76	0.49	0.97	0.38	0.39		-0.06	0.7	0.94	0.39	0.7	0.55	0.87	0.02	0.54	0.26	0.56	0.1	0.55	0.36	0.56	0.82	-0.2	0.26
Accounts Payable	0.14	0.23	-0.15	0.48	-0.05	0.22	0.34	-0.06		-0.1	0.08	-0.48	-0.1	0.28	-0.07	-0.11	0.4	0.39	0.0	0.11	0.45	0.23	0.31	0.31	-0.18	0.63
Cash	0.7	0.18	0.54	0.33	0.75	-0.01	0.12	0.7	-0.1		0.76	-0.08	1.0	0.08	0.85	0.49	0.36	-0.17	0.15	0.48	0.39	-0.1	0.16	0.64	-0.17	0.32
Non Current Assets Total	0.98	0.53	0.67	0.53	0.96	0.44	0.54	0.94	0.08	0.76		0.18	0.76	0.51	0.88	0.17	0.72	0.27	0.57	0.31	0.72	0.28	0.55	0.94	-0.31	0.37
Non Currrent Assets Other	0.25	0.3	0.63	0.19	0.34	0.41	0.19	0.39	-0.48	-0.08	0.18		-0.08	0.58	0.04	-0.34	-0.02	0.42	0.53	-0.28	0.02	0.39	0.49	0.01	0.12	-0.49
Cash And Short Term Investments	0.7	0.18	0.54	0.33	0.75	-0.01	0.12	0.7	-0.1	1.0	0.76	-0.08		0.08	0.85	0.49	0.36	-0.17	0.15	0.48	0.39	-0.1	0.16	0.64	-0.17	0.32
Net Receivables	0.65	0.76	0.77	0.77	0.5	0.86	0.76	0.55	0.28	0.08	0.51	0.58	0.08		0.14	-0.5	0.65	0.91	0.82	-0.21	0.71	0.78	0.98	0.56	-0.14	-0.11
Good Will	0.8	0.2	0.48	0.22	0.9	-0.02	0.11	0.87	-0.07	0.85	0.88	0.04	0.85	0.14		0.43	0.37	-0.16	0.23	0.41	0.36	-0.08	0.16	0.73	-0.16	0.48
Common Stock Shares Outstanding	0.09	-0.23	-0.17	-0.38	0.21	-0.54	-0.34	0.02	-0.11	0.49	0.17	-0.34	0.49	-0.5	0.43		-0.16	-0.57	-0.39	0.93	-0.17	-0.86	-0.47	0.03	0.13	0.29
Non Current Liabilities Total	0.78	0.74	0.45	0.68	0.54	0.8	0.93	0.54	0.4	0.36	0.72	-0.02	0.36	0.65	0.37	-0.16		0.62	0.74	0.09	0.99	0.55	0.72	0.87	-0.47	0.23
Inventory	0.43	0.7	0.57	0.69	0.22	0.87	0.78	0.26	0.39	-0.17	0.27	0.42	-0.17	0.91	-0.16	-0.57	0.62		0.71	-0.27	0.67	0.77	0.93	0.39	-0.18	-0.22
Other Current Assets	0.66	0.72	0.64	0.55	0.51	0.83	0.82	0.56	0.0	0.15	0.57	0.53	0.15	0.82	0.23	-0.39	0.74	0.71		-0.2	0.73	0.64	0.81	0.59	-0.32	-0.14
Other Stockholder Equity	0.28	0.01	-0.03	-0.14	0.32	-0.24	-0.06	0.1	0.11	0.48	0.31	-0.28	0.48	-0.21	0.41	0.93	0.09	-0.27	-0.2		0.11	-0.66	-0.18	0.22	0.06	0.33
Total Liab	0.8	0.74	0.52	0.78	0.55	0.82	0.93	0.55	0.45	0.39	0.72	0.02	0.39	0.71	0.36	-0.17	0.99	0.67	0.73	0.11		0.59	0.78	0.87	-0.48	0.23
Property Plant And Equipment Gross	0.38	0.5	0.53	0.73	0.21	0.81	0.65	0.36	0.23	-0.1	0.28	0.39	-0.1	0.78	-0.08	-0.86	0.55	0.77	0.64	-0.66	0.59		0.78	0.41	-0.31	-0.16
Total Current Assets	0.68	0.77	0.78	0.81	0.52	0.88	0.81	0.56	0.31	0.16	0.55	0.49	0.16	0.98	0.16	-0.47	0.72	0.93	0.81	-0.18	0.78	0.78		0.61	-0.21	-0.11
Intangible Assets	0.94	0.56	0.57	0.65	0.82	0.55	0.69	0.82	0.31	0.64	0.94	0.01	0.64	0.56	0.73	0.03	0.87	0.39	0.59	0.22	0.87	0.41	0.61		-0.46	0.39
Short Term Debt	-0.31	0.19	-0.11	-0.43	-0.16	-0.31	-0.44	-0.2	-0.18	-0.17	-0.31	0.12	-0.17	-0.14	-0.16	0.13	-0.47	-0.18	-0.32	0.06	-0.48	-0.31	-0.21	-0.46		-0.16
Current Deferred Revenue	0.3	0.0	-0.24	0.18	0.28	-0.16	0.04	0.26	0.63	0.32	0.37	-0.49	0.32	-0.11	0.48	0.29	0.23	-0.22	-0.14	0.33	0.23	-0.16	-0.11	0.39	-0.16

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Supremex Account Relationship Matchups

Supremex fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	179.6M	186.6M	206.4M	260.6M	273.9M	163.1M
Short Long Term Debt Total	77.5M	75.7M	67.6M	88.1M	89.3M	56.1M
Other Current Liab	10.3M	14.5M	21.1M	22.3M	15.9M	14.2M
Total Current Liabilities	24.9M	32.4M	40.4M	42.7M	31.8M	31.1M
Total Stockholder Equity	76.5M	79.0M	97.4M	124.3M	134.7M	83.0M
Property Plant And Equipment Net	60.6M	55.3M	55.9M	74.2M	81.7M	46.7M
Net Debt	75.2M	72.6M	61.2M	86.2M	88.2M	49.5M
Retained Earnings	(210.7M)	(207.1M)	(185.3M)	(158.0M)	(145.9M)	(153.2M)
Accounts Payable	7.0M	9.5M	11.5M	16.3M	11.3M	8.9M
Cash	2.2M	3.0M	6.4M	1.9M	1.1M	1.0M
Non Current Assets Total	130.6M	133.3M	140.7M	171.9M	201.4M	124.2M
Non Currrent Assets Other	7.4M	4.4M	12.4M	14.7M	11.5M	12.0M
Cash And Short Term Investments	2.2M	3.0M	6.4M	1.9M	1.1M	1.0M
Net Receivables	24.1M	27.2M	33.0M	40.4M	36.1M	27.5M
Good Will	46.2M	49.1M	49.5M	51.2M	59.7M	64.5M
Common Stock Shares Outstanding	28.2M	28.1M	27.2M	26.2M	25.9M	23.0M
Liabilities And Stockholders Equity	179.6M	186.6M	206.4M	260.6M	273.9M	163.1M
Non Current Liabilities Total	78.3M	75.2M	68.6M	93.6M	107.5M	57.6M
Inventory	21.1M	21.7M	24.9M	44.9M	33.4M	21.0M
Other Current Assets	1.7M	1.3M	1.4M	1.5M	1.9M	1.3M
Other Stockholder Equity	277.3M	277.0M	274.2M	272.9M	271.6M	225.6M
Total Liab	103.2M	107.6M	109.0M	136.2M	139.2M	80.1M
Property Plant And Equipment Gross	60.6M	55.3M	125.5M	146.2M	158.2M	166.1M
Total Current Assets	49.1M	53.3M	65.6M	88.7M	72.5M	53.5M
Accumulated Other Comprehensive Income	175.9K	(493.2K)	(559.9K)	534.4K	261.1K	274.1K
Intangible Assets	16.4M	24.4M	22.9M	31.7M	38.2M	20.9M
Short Term Debt	7.6M	8.4M	7.8M	4.1M	4.6M	4.3M
Common Stock Total Equity	9.7M	9.7M	9.6M	9.5M	8.5M	7.8M
Common Stock	9.6M	9.5M	9.0M	8.9M	8.8M	7.6M
Other Liab	8.4M	7.9M	8.7M	9.6M	11.0M	7.2M
Net Tangible Assets	13.9M	5.4M	25.1M	41.4M	47.6M	50.0M
Other Assets	7.4M	4.4M	12.4M	14.7M	16.9M	17.8M
Long Term Debt	50.0M	52.9M	40.9M	54.4M	56.3M	45.8M
Property Plant Equipment	60.6M	55.3M	55.9M	74.2M	85.3M	46.4M
Long Term Debt Total	69.9M	67.3M	59.8M	84.0M	96.6M	59.6M
Capital Surpluse	277.3M	277.0M	274.2M	272.9M	245.6M	221.6M
Net Invested Capital	150.4M	131.9M	138.3M	178.7M	191.0M	164.9M
Net Working Capital	24.1M	20.9M	25.3M	46.0M	40.7M	33.4M

Pair Trading with Supremex

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

Moving together with Supremex Stock

0.83

JPM

JPMorgan Chase

Pair Corr

Moving against Supremex Stock

0.37	INFM	Infinico Metals Corp	Pair Corr
0.34	IE	Ivanhoe Energy	Pair Corr

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

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

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

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Supremex Price To Sales Ratio vs Days Sales Outstanding Analysis

Price To Sales Ratio vs Days Sales Outstanding

Price To Sales Ratio vs Days Sales Outstanding Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Days Sales Outstanding

Supremex fundamental ratios Correlations

Supremex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Supremex fundamental ratios Accounts

Pair Trading with Supremex

Moving together with Supremex Stock

Moving against Supremex Stock

Other Information on Investing in Supremex Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Non Current Liabilities Total
Non Current Assets Total	+ 0.98	Total Assets
Total Current Assets	+ 0.98	Net Receivables
Retained Earnings	+ 0.97	Total Stockholder Equity
Non Current Assets Total	+ 0.96	Total Stockholder Equity

Property Plant And Equipment Gross	- 0.86	Common Stock Shares Outstanding
Property Plant And Equipment Gross	- 0.66	Other Stockholder Equity
Inventory	- 0.57	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.54	Property Plant And Equipment Net
Common Stock Shares Outstanding	- 0.5	Net Receivables
Current Deferred Revenue	- 0.49	Non Currrent Assets Other