Eastfield Capex To Revenue vs Price To Sales Ratio Analysis
ETF Stock | CAD 0.03 0.00 0.00% |
Eastfield Resources financial indicator trend analysis is much more than just examining Eastfield Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eastfield Resources is a good investment. Please check the relationship between Eastfield Resources Capex To Revenue and its Price To Sales Ratio accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastfield Resources. 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.
Capex To Revenue vs Price To Sales Ratio
Capex To Revenue vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eastfield Resources Capex To Revenue account and Price To Sales Ratio. At this time, the significance of the direction appears to have totally related.
The correlation between Eastfield Resources' Capex To Revenue and Price To Sales Ratio is 0.99. Overlapping area represents the amount of variation of Capex To Revenue that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Eastfield Resources, assuming nothing else is changed. The correlation between historical values of Eastfield Resources' Capex To Revenue 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 Capex To Revenue of Eastfield Resources 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 Capex To Revenue i.e., Eastfield Resources' Capex To Revenue and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Capex To Revenue
The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.Price To Sales Ratio
Price to Sales Ratio is figured by comparing Eastfield Resources stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Eastfield Resources sales, a figure that is much harder to manipulate than other Eastfield Resources 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 Eastfield Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eastfield Resources 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 Eastfield Resources. 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. Selling General Administrative is likely to drop to about 110.4 K in 2024. Tax Provision is expected to grow at the current pace this year
Eastfield Resources fundamental ratios Correlations
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Eastfield Resources Account Relationship Matchups
High Positive Relationship
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When running Eastfield Resources' price analysis, check to measure Eastfield Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eastfield Resources is operating at the current time. Most of Eastfield Resources' value examination focuses on studying past and present price action to predict the probability of Eastfield Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastfield Resources' price. Additionally, you may evaluate how the addition of Eastfield Resources to your portfolios can decrease your overall portfolio volatility.