Cronos Inventory Turnover vs Free Cash Flow Yield Analysis
CRON Stock | CAD 2.86 0.07 2.51% |
Cronos financial indicator trend analysis is way more than just evaluating Cronos Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cronos Group is a good investment. Please check the relationship between Cronos Inventory Turnover and its Free Cash Flow Yield accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cronos 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.
Inventory Turnover vs Free Cash Flow Yield
Inventory Turnover vs Free Cash Flow Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cronos Group Inventory Turnover account and Free Cash Flow Yield. At this time, the significance of the direction appears to have very week relationship.
The correlation between Cronos' Inventory Turnover and Free Cash Flow Yield is 0.26. Overlapping area represents the amount of variation of Inventory Turnover that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Cronos Group, assuming nothing else is changed. The correlation between historical values of Cronos' Inventory Turnover and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory Turnover of Cronos Group are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Inventory Turnover i.e., Cronos' Inventory Turnover and Free Cash Flow Yield go up and down completely randomly.
Correlation Coefficient | 0.26 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Most indicators from Cronos' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cronos Group 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Cronos 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. As of the 23rd of December 2024, Selling General Administrative is likely to drop to about 43.8 M. In addition to that, Tax Provision is likely to grow to about (3.1 M)
Cronos fundamental ratios Correlations
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Cronos Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cronos fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.1B | 1.9B | 1.4B | 1.2B | 1.1B | 809.1M | |
Other Current Liab | 297.2M | 183.3M | 37.1M | 18.5M | 16.5M | 15.7M | |
Total Current Liabilities | 332.9M | 206.8M | 54.4M | 68.1M | 41.4M | 75.2M | |
Total Stockholder Equity | 1.7B | 1.7B | 1.3B | 1.1B | 1.1B | 730.8M | |
Net Debt | (1.2B) | (1.1B) | (877.2M) | (760.8M) | (666.7M) | (633.4M) | |
Retained Earnings | 1.1B | 1.1B | 659.4M | 490.7M | 416.7M | 373.6M | |
Accounts Payable | 35.3M | 19.3M | 11.1M | 11.2M | 12.1M | 9.9M | |
Cash | 1.2B | 1.1B | 887.0M | 764.6M | 669.3M | 463.4M | |
Non Current Assets Total | 520.4M | 553.5M | 318.0M | 252.9M | 206.8M | 209.9M | |
Cash And Short Term Investments | 1.5B | 1.3B | 1.0B | 877.7M | 861.5M | 557.5M | |
Common Stock Shares Outstanding | 172.3M | 342.8M | 351.6M | 370.4M | 381.0M | 233.2M | |
Liabilities And Stockholders Equity | 2.1B | 1.9B | 1.4B | 1.2B | 1.1B | 809.1M | |
Non Current Liabilities Total | 8.5M | 10.7M | 9.1M | 3.9M | 2.6M | 4.5M | |
Other Current Assets | 12.6M | 12.3M | 9.0M | 13.6M | 5.4M | 6.2M | |
Other Stockholder Equity | 23.2M | 34.6M | 32.5M | 42.7M | 48.4M | 50.9M | |
Total Liab | 341.4M | 217.5M | 63.5M | 72.0M | 44.0M | 79.6M | |
Total Current Assets | 1.6B | 1.4B | 1.1B | 960.2M | 933.3M | 599.3M | |
Short Long Term Debt Total | 7.1M | 9.8M | 9.8M | 3.9M | 2.6M | 2.4M | |
Other Liab | 1.8M | 2.2M | 2.0M | 1.4M | 1.6M | 1.5M | |
Net Tangible Assets | 1.5B | 1.5B | 1.3B | 1.1B | 1.3B | 683.9M | |
Property Plant And Equipment Net | 168.4M | 197.4M | 83.0M | 62.8M | 60.8M | 83.2M | |
Non Currrent Assets Other | 64.4M | 87.7M | 100K | 72.5M | 45K | 42.8K | |
Other Assets | 64.4M | 87.7M | 80.7M | 193K | 222.0K | 210.9K | |
Net Receivables | 16.5M | 26.0M | 33.3M | 31.3M | 35.9M | 37.7M | |
Good Will | 214.8M | 179.5M | 1.1M | 1.0M | 1.1M | 1.0M | |
Common Stock Total Equity | 66.4M | 165.6M | 561.2M | 569.3M | 654.6M | 687.4M | |
Inventory | 38.0M | 44.0M | 32.8M | 37.6M | 30.5M | 23.1M | |
Long Term Investments | 557K | 19.2M | 135.2M | 89.7M | 54.7M | 35.9M | |
Property Plant And Equipment Gross | 168.4M | 197.4M | 83.0M | 207.2M | 200.6M | 114.5M | |
Accumulated Other Comprehensive Income | 27.8M | 43.0M | 49.9M | (797K) | 20.7M | 15.9M | |
Short Term Debt | 427K | 1.3M | 2.7M | 1.3M | 994K | 944.3K | |
Intangible Assets | 72.3M | 69.7M | 18.1M | 26.7M | 21.1M | 26.0M | |
Common Stock | 561.2M | 569.3M | 595.5M | 611.3M | 613.7M | 355.3M | |
Property Plant Equipment | 166.5M | 197.4M | 83.0M | 62.8M | 72.3M | 85.3M | |
Capital Surpluse | 23.2M | 34.6M | 32.5M | 42.7M | 49.1M | 51.5M | |
Cash And Equivalents | 1.2B | 1.1B | 887.0M | 764.6M | 879.3M | 622.7M | |
Net Invested Capital | 1.7B | 1.7B | 1.3B | 1.1B | 1.1B | 1.1B |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cronos 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. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.