JinkoSolar Price To Sales Ratio vs Ptb Ratio Analysis

JKS Stock  USD 28.78  0.08  0.28%   
JinkoSolar Holding financial indicator trend analysis is infinitely more than just investigating JinkoSolar Holding recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether JinkoSolar Holding is a good investment. Please check the relationship between JinkoSolar Holding Price To Sales Ratio and its Ptb Ratio accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JinkoSolar Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
For more information on how to buy JinkoSolar Stock please use our How to Invest in JinkoSolar Holding guide.

Price To Sales Ratio vs Ptb Ratio

Price To Sales Ratio vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of JinkoSolar Holding Price To Sales Ratio account and Ptb Ratio. At this time, the significance of the direction appears to have totally related.
The correlation between JinkoSolar Holding's Price To Sales Ratio and Ptb Ratio is 0.99. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of JinkoSolar Holding, assuming nothing else is changed. The correlation between historical values of JinkoSolar Holding's Price To Sales Ratio 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 Price To Sales Ratio of JinkoSolar Holding 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 Price To Sales Ratio i.e., JinkoSolar Holding's Price To Sales Ratio and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Price To Sales Ratio

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

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 JinkoSolar Holding's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into JinkoSolar Holding 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 JinkoSolar Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
For more information on how to buy JinkoSolar Stock please use our How to Invest in JinkoSolar Holding guide.At this time, JinkoSolar Holding's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 1.3 B in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit6.7B12.3B19.0B20.0B
Total Revenue40.8B83.1B118.7B124.6B

JinkoSolar Holding fundamental ratios Correlations

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0.990.90.990.980.981.00.960.960.990.970.620.980.950.690.760.970.990.890.981.00.960.990.680.970.77
0.930.90.930.920.940.880.890.960.930.960.860.930.930.50.560.930.90.740.910.930.970.920.350.960.55
1.00.990.930.990.990.990.960.980.990.980.670.980.970.660.740.960.990.880.981.00.971.00.630.980.74
0.990.980.920.990.970.980.980.970.980.960.660.970.960.70.760.940.980.870.980.990.950.990.660.960.78
0.990.980.940.990.970.980.940.970.981.00.670.980.970.620.680.980.980.820.980.990.990.980.580.990.68
0.991.00.880.990.980.980.950.950.970.960.580.970.950.70.770.960.990.890.980.990.940.990.710.960.78
0.960.960.890.960.980.940.950.940.960.930.650.960.920.70.760.90.960.860.930.960.920.960.650.930.78
0.980.960.960.980.970.970.950.940.960.970.770.960.980.60.690.950.960.850.970.980.970.980.520.980.68
0.990.990.930.990.980.980.970.960.960.980.691.00.940.650.720.970.980.870.970.990.970.980.580.980.72
0.990.970.960.980.961.00.960.930.970.980.730.980.970.590.650.980.970.810.970.991.00.980.520.990.64
0.670.620.860.670.660.670.580.650.770.690.730.710.70.180.250.70.60.510.640.660.780.66-0.10.760.21
0.980.980.930.980.970.980.970.960.961.00.980.710.940.640.710.980.970.860.970.980.980.980.550.980.71
0.970.950.930.970.960.970.950.920.980.940.970.70.940.560.640.940.960.790.980.970.960.970.550.960.65
0.650.690.50.660.70.620.70.70.60.650.590.180.640.560.940.580.680.690.660.660.560.660.790.60.96
0.730.760.560.740.760.680.770.760.690.720.650.250.710.640.940.660.760.770.730.740.630.740.830.660.97
0.970.970.930.960.940.980.960.90.950.970.980.70.980.940.580.660.960.80.960.970.980.960.520.980.64
0.990.990.90.990.980.980.990.960.960.980.970.60.970.960.680.760.960.870.980.990.950.990.70.960.76
0.870.890.740.880.870.820.890.860.850.870.810.510.860.790.690.770.80.870.850.880.790.90.670.810.79
0.990.980.910.980.980.980.980.930.970.970.970.640.970.980.660.730.960.980.850.990.960.990.630.970.74
1.01.00.931.00.990.990.990.960.980.990.990.660.980.970.660.740.970.990.880.990.971.00.630.980.74
0.980.960.970.970.950.990.940.920.970.971.00.780.980.960.560.630.980.950.790.960.970.960.451.00.61
1.00.990.921.00.990.980.990.960.980.980.980.660.980.970.660.740.960.990.90.991.00.960.640.970.75
0.620.680.350.630.660.580.710.650.520.580.52-0.10.550.550.790.830.520.70.670.630.630.450.640.490.87
0.980.970.960.980.960.990.960.930.980.980.990.760.980.960.60.660.980.960.810.970.981.00.970.490.65
0.730.770.550.740.780.680.780.780.680.720.640.210.710.650.960.970.640.760.790.740.740.610.750.870.65
Click cells to compare fundamentals

JinkoSolar Holding Account Relationship Matchups

JinkoSolar Holding fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets47.8B53.2B73.0B108.7B135.8B142.6B
Short Long Term Debt Total20.0B27.6B37.5B48.0B56.8B59.6B
Other Current Liab9.5B6.8B12.8B21.3B49.4B51.9B
Total Current Liabilities31.3B31.2B45.5B64.9B81.1B85.1B
Total Stockholder Equity9.3B10.0B11.0B16.3B20.2B21.2B
Property Plant And Equipment Net11.8B13.6B21.0B33.2B42.0B44.1B
Net Debt14.4B20.1B29.0B37.5B40.7B42.8B
Retained Earnings4.7B4.9B5.6B6.2B9.1B9.6B
Accounts Payable5.0B4.5B6.8B10.4B15.5B16.2B
Cash5.7B7.5B8.3B10.2B16.1B16.9B
Non Current Assets Total12.7B14.6B22.8B36.5B52.9B55.5B
Non Currrent Assets Other(271.3M)(255.1M)(371.8M)(704.2M)6.3B6.6B
Cash And Short Term Investments5.7B8.1B8.5B10.3B17.1B17.9B
Net Receivables7.3B6.0B9.2B23.8B27.0B28.4B
Common Stock Total Equity18.6K21.7K24.8K26K29.9K18.6K
Common Stock Shares Outstanding42.3M44.7M51.4M50.1M56.5M35.7M
Liabilities And Stockholders Equity47.8B53.2B73.0B108.7B135.8B142.6B
Non Current Liabilities Total2.3B7.3B11.0B14.1B21.2B22.3B
Inventory8.3B9.4B14.8B20.8B22.8B23.9B
Other Current Assets10.4B10.2B13.1B13.4B16.0B16.8B
Other Stockholder Equity3.9B5.2B4.9B9.9B10.7B11.2B
Total Liab35.4B40.2B58.7B81.7B102.3B107.4B
Property Plant And Equipment Gross12.6B14.2B21.0B33.2B56.1B58.9B
Total Current Assets31.7B33.7B45.5B68.3B82.9B87.1B
Accumulated Other Comprehensive Income752.7M563.4M545.9M217.7M359.6M321.8M
Short Term Debt16.8B19.7B25.7B32.5B14.5B11.1B
Intangible Assets634.3M796.8M1.1B1.5B2.4B2.5B
Common Stock24.8K26.1K26K28K29K19.9K
Current Deferred Revenue749K4.6B200M814.5M24.3B25.5B
Other Assets3.5B5.0B4.6B3.9B4.4B4.7B
Long Term Debt2.3B7.3B11.6B15.5B16.0B16.8B
Short Term Investments1.2B570M150M104.5M1.0B1.1B
Property Plant Equipment11.8B13.6B21.0B33.2B38.2B40.1B
Other Liab949.0M1.1B1.6B2.2B2.5B2.6B
Net Tangible Assets8.7B9.2B9.9B14.9B17.1B18.0B
Long Term Investments278.0M194.3M633.9M1.7B2.2B2.3B
Short Long Term Debt16.6B19.4B25.4B32.2B40.1B42.1B
Long Term Debt Total2.9B7.6B11.8B15.6B17.9B18.8B

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Additional Tools for JinkoSolar Stock Analysis

When running JinkoSolar Holding's price analysis, check to measure JinkoSolar Holding's 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 JinkoSolar Holding is operating at the current time. Most of JinkoSolar Holding's value examination focuses on studying past and present price action to predict the probability of JinkoSolar Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JinkoSolar Holding's price. Additionally, you may evaluate how the addition of JinkoSolar Holding to your portfolios can decrease your overall portfolio volatility.