Avicanna Historical Financial Ratios
| AVCN Stock | CAD 0.40 0.02 5.26% |
Avicanna is presently reporting on over 94 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 Dividend Yield of 0.0, Days Sales Outstanding of 61.3 or Book Value Per Share of 0.0894 will help investors to properly organize and evaluate Avicanna financial condition quickly.
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About Avicanna Financial Ratios Analysis
AvicannaFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Avicanna 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 Avicanna financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Avicanna history.
Avicanna Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Avicanna stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Avicanna sales, a figure that is much harder to manipulate than other Avicanna 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.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.Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Stock Based Compensation To Revenue
A metric that compares the total value of stock-based compensation granted by a company to its total revenue, indicating how much of the revenue is used to compensate employees with stock options or awards.Return On Tangible Assets
A profitability metric that measures a company's ability to generate earnings from its tangible assets.Most ratios from Avicanna's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Avicanna 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Avicanna. 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, Avicanna's Inventory Turnover is very stable compared to the past year. As of the 13th of December 2024, Payables Turnover is likely to grow to 1.20, while Price To Sales Ratio is likely to drop 1.68.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 0.06 | 0.62 | 1.14 | 1.2 | Days Of Inventory On Hand | 3.4K | 403.27 | 163.69 | 155.51 |
Avicanna fundamentals Correlations
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Avicanna Account Relationship Matchups
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Avicanna fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 302.74 | 24.53 | 9.85 | 5.99 | 1.77 | 1.68 | |
| Ptb Ratio | 2.28 | 6.4 | 28.1 | (63.25) | (263.53) | (276.7) | |
| Days Sales Outstanding | 2.6K | 233.7 | 260.81 | 193.81 | 64.52 | 61.3 | |
| Book Value Per Share | 1.49 | 0.47 | 0.17 | 0.0585 | 0.0941 | 0.0894 | |
| Free Cash Flow Yield | (0.53) | (0.4) | (0.39) | (0.31) | (0.0662) | (0.0695) | |
| Operating Cash Flow Per Share | (0.97) | (0.48) | (0.28) | (0.13) | (0.0166) | (0.0174) | |
| Stock Based Compensation To Revenue | 20.35 | 1.98 | 0.4 | 0.26 | 0.12 | 0.11 | |
| Capex To Depreciation | 8.11 | 1.34 | 0.88 | 0.0753 | 0.72 | 0.68 | |
| Pb Ratio | 2.28 | 6.4 | 28.1 | (63.25) | (263.53) | (276.7) | |
| Ev To Sales | 307.67 | 24.95 | 10.35 | 6.49 | 1.84 | 1.75 | |
| Free Cash Flow Per Share | (1.34) | (0.52) | (0.3) | (0.13) | (0.0232) | (0.0243) | |
| Roic | (0.94) | (2.29) | (4.09) | (5.04) | (5.49) | (5.21) | |
| Inventory Turnover | 0.0475 | 1.11 | 0.11 | 0.91 | 2.23 | 2.34 | |
| Net Income Per Share | (1.11) | (1.12) | (0.41) | (0.29) | (0.1) | (0.11) | |
| Days Of Inventory On Hand | 7.7K | 328.62 | 3.4K | 403.27 | 163.69 | 155.51 | |
| Payables Turnover | 0.0147 | 0.33 | 0.06 | 0.62 | 1.14 | 1.2 | |
| Sales General And Administrative To Revenue | 122.0 | 10.07 | 3.83 | 2.37 | 0.71 | 0.67 | |
| Research And Ddevelopement To Revenue | 7.23 | 0.24 | 0.0931 | 0.0684 | 0.0197 | 0.0187 | |
| Capex To Revenue | 44.51 | 0.93 | 0.24 | 0.0165 | 0.0332 | 0.0315 | |
| Cash Per Share | 0.022 | 0.0856 | 7.51E-4 | 0.0202 | 0.005633 | 0.005352 | |
| Pocfratio | (19.53) | (2.62) | (2.76) | (3.26) | (21.11) | (22.17) | |
| Capex To Operating Cash Flow | (0.39) | (0.1) | (0.0677) | (0.008981) | (0.4) | (0.42) | |
| Pfcf Ratio | (1.89) | (2.5) | (2.59) | (3.23) | (15.11) | (15.87) | |
| Days Payables Outstanding | 24.8K | 1.1K | 6.1K | 591.56 | 319.52 | 303.54 | |
| Income Quality | 0.7 | 0.88 | 0.43 | 0.5 | 0.16 | 0.15 | |
| Roe | (0.99) | (5.46) | (14.64) | 44.89 | 77.71 | 81.6 | |
| Ev To Operating Cash Flow | (2.66) | (2.8) | (2.9) | (3.53) | (22.06) | (23.16) | |
| Pe Ratio | (2.29) | (1.17) | (1.92) | (1.41) | (3.39) | (3.56) | |
| Return On Tangible Assets | (0.72) | (1.11) | (0.76) | (0.99) | (0.43) | (0.45) | |
| Ev To Free Cash Flow | (1.92) | (2.54) | (2.72) | (3.5) | (15.79) | (16.58) | |
| Earnings Yield | (0.44) | (0.85) | (0.52) | (0.71) | (0.29) | (0.31) | |
| Intangibles To Total Assets | 0.32 | 0.0165 | 0.0134 | 0.009514 | 0.0692 | 0.13 | |
| Net Debt To E B I T D A | 0.007738 | (0.0372) | (0.0199) | (0.11) | (0.17) | (0.18) | |
| Current Ratio | 0.45 | 0.53 | 0.6 | 0.62 | 0.71 | 0.74 | |
| Tangible Book Value Per Share | 0.78 | 0.46 | 0.16 | 0.0556 | 0.0762 | 0.0724 | |
| Receivables Turnover | 0.14 | 1.56 | 1.4 | 1.88 | 5.66 | 5.94 | |
| Graham Number | 5.27 | 2.27 | 0.5 | 0.21 | 0.0555 | 0.0528 | |
| Shareholders Equity Per Share | 1.12 | 0.2 | 0.0278 | (0.006483) | (0.001328) | (0.001262) |
Pair Trading with Avicanna
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 Avicanna 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 Avicanna will appreciate offsetting losses from the drop in the long position's value.Moving against Avicanna Stock
The ability to find closely correlated positions to Avicanna could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avicanna 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 Avicanna - 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 Avicanna to buy it.
The correlation of Avicanna 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 Avicanna moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avicanna 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 Avicanna 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 Avicanna Stock
AvicannaFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Avicanna 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 Avicanna financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Avicanna history.