Inventronics Days Sales Outstanding vs Ptb Ratio Analysis

IVX Stock  CAD 0.58  0.03  4.92%   
Inventronics financial indicator trend analysis is infinitely more than just investigating Inventronics recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Inventronics is a good investment. Please check the relationship between Inventronics Days Sales Outstanding and its Ptb Ratio accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Inventronics. 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 Ptb Ratio

Days Sales Outstanding vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Inventronics Days Sales Outstanding account and Ptb Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Inventronics' Days Sales Outstanding and Ptb Ratio is -0.32. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Inventronics, assuming nothing else is changed. The correlation between historical values of Inventronics' Days Sales Outstanding and Ptb 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 Inventronics are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Days Sales Outstanding i.e., Inventronics' Days Sales Outstanding and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

-0.32
Relationship DirectionNegative 
Relationship StrengthInsignificant

Days Sales Outstanding

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.
Most indicators from Inventronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Inventronics 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Inventronics. 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, Inventronics' Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 7.70 in 2024, whereas Tax Provision is likely to drop slightly above 108.2 K in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit2.3M4.1M1.7M1.7M
Total Revenue9.8M14.2M8.9M7.9M

Inventronics fundamental ratios Correlations

-0.690.390.980.930.960.450.870.060.710.260.890.90.52-0.630.98-0.980.75-0.920.880.990.98-0.75-0.95-0.750.82
-0.69-0.04-0.74-0.73-0.72-0.33-0.580.15-0.48-0.05-0.64-0.44-0.080.94-0.680.65-0.470.73-0.62-0.7-0.720.750.660.75-0.56
0.39-0.040.280.220.340.870.09-0.260.75-0.210.540.370.69-0.030.48-0.41-0.08-0.150.380.270.290.1-0.450.10.0
0.98-0.740.280.930.950.380.84-0.050.680.160.90.890.35-0.680.97-0.960.71-0.920.840.990.99-0.84-0.93-0.840.78
0.93-0.730.220.930.990.360.870.150.610.290.810.810.4-0.680.88-0.910.79-0.980.960.950.93-0.82-0.94-0.820.84
0.96-0.720.340.950.990.460.860.070.680.220.880.850.45-0.650.93-0.950.74-0.960.960.960.95-0.79-0.98-0.790.8
0.45-0.330.870.380.360.460.18-0.440.77-0.340.620.270.48-0.350.52-0.49-0.11-0.270.450.340.35-0.17-0.56-0.17-0.02
0.87-0.580.090.840.870.860.180.430.350.580.590.730.51-0.50.76-0.890.92-0.830.840.90.82-0.64-0.86-0.640.91
0.060.15-0.26-0.050.150.07-0.440.43-0.40.95-0.320.040.480.19-0.09-0.060.63-0.160.250.11-0.010.16-0.060.160.56
0.71-0.480.750.680.610.680.770.35-0.4-0.240.80.70.45-0.50.8-0.640.22-0.570.60.630.69-0.41-0.67-0.410.31
0.26-0.05-0.210.160.290.22-0.340.580.95-0.24-0.160.160.56-0.060.12-0.240.74-0.320.360.30.2-0.03-0.2-0.030.72
0.89-0.640.540.90.810.880.620.59-0.320.8-0.160.810.33-0.590.94-0.880.4-0.810.780.850.9-0.74-0.89-0.740.51
0.9-0.440.370.890.810.850.270.730.040.70.160.810.43-0.350.9-0.850.71-0.80.760.90.9-0.6-0.82-0.60.73
0.52-0.080.690.350.40.450.480.510.480.450.560.330.43-0.070.49-0.520.48-0.370.580.450.390.06-0.530.060.53
-0.630.94-0.03-0.68-0.68-0.65-0.35-0.50.19-0.5-0.06-0.59-0.35-0.07-0.640.57-0.380.71-0.55-0.63-0.680.780.570.78-0.52
0.98-0.680.480.970.880.930.520.76-0.090.80.120.940.90.49-0.64-0.940.63-0.890.840.960.98-0.74-0.92-0.740.73
-0.980.65-0.41-0.96-0.91-0.95-0.49-0.89-0.06-0.64-0.24-0.88-0.85-0.520.57-0.94-0.720.87-0.89-0.97-0.940.720.980.72-0.78
0.75-0.47-0.080.710.790.74-0.110.920.630.220.740.40.710.48-0.380.63-0.72-0.790.760.810.73-0.52-0.69-0.520.97
-0.920.73-0.15-0.92-0.98-0.96-0.27-0.83-0.16-0.57-0.32-0.81-0.8-0.370.71-0.890.87-0.79-0.92-0.94-0.940.870.890.87-0.87
0.88-0.620.380.840.960.960.450.840.250.60.360.780.760.58-0.550.84-0.890.76-0.920.890.85-0.66-0.95-0.660.81
0.99-0.70.270.990.950.960.340.90.110.630.30.850.90.45-0.630.96-0.970.81-0.940.890.98-0.79-0.94-0.790.86
0.98-0.720.290.990.930.950.350.82-0.010.690.20.90.90.39-0.680.98-0.940.73-0.940.850.98-0.83-0.91-0.830.81
-0.750.750.1-0.84-0.82-0.79-0.17-0.640.16-0.41-0.03-0.74-0.60.060.78-0.740.72-0.520.87-0.66-0.79-0.830.711.0-0.62
-0.950.66-0.45-0.93-0.94-0.98-0.56-0.86-0.06-0.67-0.2-0.89-0.82-0.530.57-0.920.98-0.690.89-0.95-0.94-0.910.710.71-0.74
-0.750.750.1-0.84-0.82-0.79-0.17-0.640.16-0.41-0.03-0.74-0.60.060.78-0.740.72-0.520.87-0.66-0.79-0.831.00.71-0.62
0.82-0.560.00.780.840.8-0.020.910.560.310.720.510.730.53-0.520.73-0.780.97-0.870.810.860.81-0.62-0.74-0.62
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Inventronics Account Relationship Matchups

Inventronics fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.3M3.7M5.2M6.0M6.1M4.7M
Other Current Liab95K82K62K42K37.8K61.6K
Total Current Liabilities527K354K892K1.1M607K808.0K
Total Stockholder Equity621K1.3M2.3M2.9M2.8M1.5M
Net Tangible Assets426K621K1.3M2.3M2.6M2.8M
Retained Earnings(1.8M)(1.2M)929K1.3M1.1M1.2M
Accounts Payable302K148K685K619K227K442.6K
Non Current Assets Total2.1M2.3M2.8M2.5M3.2M2.7M
Long Term Debt2.1M2.1M2.0M2.0M2.4M2.4M
Net Receivables307K623K846K1.3M574K747.0K
Non Current Liabilities Total2.1M2.1M2.0M2.0M2.7M2.4M
Inventory772K652K1.3M1.9M1.0M995.9K
Other Current Assets16K26K27K37K33K27.2K
Total Liab2.7M2.4M2.9M3.1M3.3M3.2M
Total Current Assets1.1M1.4M2.4M3.5M2.9M2.0M
Property Plant Equipment2.2M2.1M2.3M2.3M2.6M2.5M
Net Debt2.1M1.9M1.8M1.6M1.5M1.5M
Net Invested Capital2.7M3.4M4.3M4.9M5.3M4.1M
Net Working Capital620K1.1M1.5M2.4M2.3M1.4M

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