McChip Book Value Per Share vs Price To Sales Ratio Analysis

MCS Stock

CAD 0.75 0.10 11.76%

McChip Resources financial indicator trend analysis is infinitely more than just investigating McChip Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether McChip Resources is a good investment. Please check the relationship between McChip Resources Book Value Per Share and its Price To Sales Ratio accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McChip 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.

Book Value Per Share vs Price To Sales Ratio

Book Value Per Share vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of McChip Resources Book Value Per Share account and Price To Sales Ratio. At this time, the significance of the direction appears to have very week relationship.

The correlation between McChip Resources' Book Value Per Share and Price To Sales Ratio is 0.23. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of McChip Resources, assuming nothing else is changed. The correlation between historical values of McChip Resources' Book Value Per Share 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 Book Value Per Share of McChip 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 Book Value Per Share i.e., McChip Resources' Book Value Per Share and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

0.23

Relationship Direction	Positive
Relationship Strength	Very Weak

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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.

Price To Sales Ratio

Price to Sales Ratio is figured by comparing McChip Resources stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on McChip Resources sales, a figure that is much harder to manipulate than other McChip 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 McChip Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into McChip 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McChip 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.

At this time, McChip Resources' Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 1.78 in 2024, whereas Selling General Administrative is likely to drop slightly above 718.1 K in 2024.

McChip Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Net Receivables	Short Term Investments	Other Current Assets	Total Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Other Current Liab	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.84	0.99	0.62	0.99	0.96	0.44	0.54	0.59	0.97	0.71	0.81	-0.75	0.79	0.99	0.87	0.52	-0.11	0.88	-0.83	-0.89	-0.59	0.52	0.88	0.87	0.51
Total Current Liabilities	0.84		0.76	0.74	0.83	0.73	0.71	0.31	0.33	0.88	0.59	0.99	-0.67	0.87	0.85	0.72	0.67	-0.1	0.7	-0.82	-0.81	-0.6	0.67	0.82	0.76	0.66
Total Stockholder Equity	0.99	0.76		0.58	0.98	0.97	0.35	0.58	0.62	0.95	0.7	0.72	-0.75	0.73	0.98	0.87	0.45	-0.08	0.89	-0.8	-0.87	-0.56	0.46	0.85	0.86	0.45
Other Liab	0.62	0.74	0.58		0.63	0.59	0.77	0.35	-0.04	0.71	0.24	0.68	-0.72	0.68	0.68	0.51	0.73	0.14	0.67	-0.65	-0.64	-0.37	0.73	0.63	0.59	0.72
Net Tangible Assets	0.99	0.83	0.98	0.63		0.93	0.43	0.53	0.57	0.96	0.73	0.81	-0.71	0.73	0.97	0.87	0.52	-0.11	0.84	-0.78	-0.85	-0.56	0.53	0.87	0.86	0.52
Retained Earnings	0.96	0.73	0.97	0.59	0.93		0.36	0.57	0.61	0.91	0.65	0.69	-0.74	0.81	0.94	0.79	0.53	-0.12	0.92	-0.83	-0.86	-0.56	0.54	0.86	0.86	0.53
Accounts Payable	0.44	0.71	0.35	0.77	0.43	0.36		-0.14	-0.14	0.58	0.26	0.69	-0.56	0.62	0.5	0.34	0.67	-0.01	0.38	-0.63	-0.59	-0.25	0.67	0.55	0.5	0.67
Cash	0.54	0.31	0.58	0.35	0.53	0.57	-0.14		0.42	0.43	0.43	0.25	-0.53	0.34	0.55	0.6	0.08	0.25	0.66	-0.29	-0.28	-0.08	0.08	0.25	0.24	0.08
Net Receivables	0.59	0.33	0.62	-0.04	0.57	0.61	-0.14	0.42		0.47	0.61	0.34	-0.36	0.38	0.55	0.72	0.12	-0.02	0.64	-0.52	-0.54	-0.15	0.12	0.27	0.27	0.11
Short Term Investments	0.97	0.88	0.95	0.71	0.96	0.91	0.58	0.43	0.47		0.62	0.84	-0.82	0.79	0.99	0.84	0.52	-0.03	0.85	-0.88	-0.94	-0.61	0.53	0.88	0.87	0.52
Other Current Assets	0.71	0.59	0.7	0.24	0.73	0.65	0.26	0.43	0.61	0.62		0.61	-0.37	0.52	0.65	0.7	0.42	-0.33	0.5	-0.41	-0.45	-0.24	0.43	0.58	0.56	0.42
Total Liab	0.81	0.99	0.72	0.68	0.81	0.69	0.69	0.25	0.34	0.84	0.61		-0.57	0.87	0.81	0.66	0.68	-0.22	0.64	-0.79	-0.77	-0.62	0.69	0.82	0.75	0.68
Long Term Investments	-0.75	-0.67	-0.75	-0.72	-0.71	-0.74	-0.56	-0.53	-0.36	-0.82	-0.37	-0.57		-0.61	-0.84	-0.81	-0.3	-0.44	-0.85	0.81	0.82	0.28	-0.3	-0.53	-0.52	-0.3
Short Long Term Debt	0.79	0.87	0.73	0.68	0.73	0.81	0.62	0.34	0.38	0.79	0.52	0.87	-0.61		0.78	0.57	0.78	-0.23	0.78	-0.86	-0.78	-0.59	0.79	0.83	0.77	0.78
Total Current Assets	0.99	0.85	0.98	0.68	0.97	0.94	0.5	0.55	0.55	0.99	0.65	0.81	-0.84	0.78		0.89	0.48	0.01	0.9	-0.87	-0.92	-0.55	0.49	0.84	0.83	0.48
Short Term Debt	0.87	0.72	0.87	0.51	0.87	0.79	0.34	0.6	0.72	0.84	0.7	0.66	-0.81	0.57	0.89		0.32	0.27	0.83	-0.73	-0.79	-0.3	0.32	0.56	0.55	0.31
Common Stock	0.52	0.67	0.45	0.73	0.52	0.53	0.67	0.08	0.12	0.52	0.42	0.68	-0.3	0.78	0.48	0.32		-0.31	0.49	-0.52	-0.47	-0.41	1.0	0.66	0.6	1.0
Property Plant Equipment	-0.11	-0.1	-0.08	0.14	-0.11	-0.12	-0.01	0.25	-0.02	-0.03	-0.33	-0.22	-0.44	-0.23	0.01	0.27	-0.31		0.13	-0.03	-0.02	0.27	-0.32	-0.39	-0.38	-0.31
Other Current Liab	0.88	0.7	0.89	0.67	0.84	0.92	0.38	0.66	0.64	0.85	0.5	0.64	-0.85	0.78	0.9	0.83	0.49	0.13		-0.88	-0.87	-0.37	0.49	0.67	0.65	0.49
Non Current Assets Total	-0.83	-0.82	-0.8	-0.65	-0.78	-0.83	-0.63	-0.29	-0.52	-0.88	-0.41	-0.79	0.81	-0.86	-0.87	-0.73	-0.52	-0.03	-0.88		0.97	0.48	-0.53	-0.74	-0.71	-0.52
Non Currrent Assets Other	-0.89	-0.81	-0.87	-0.64	-0.85	-0.86	-0.59	-0.28	-0.54	-0.94	-0.45	-0.77	0.82	-0.78	-0.92	-0.79	-0.47	-0.02	-0.87	0.97		0.53	-0.47	-0.79	-0.77	-0.46
Other Assets	-0.59	-0.6	-0.56	-0.37	-0.56	-0.56	-0.25	-0.08	-0.15	-0.61	-0.24	-0.62	0.28	-0.59	-0.55	-0.3	-0.41	0.27	-0.37	0.48	0.53		-0.41	-0.73	-0.73	-0.41
Common Stock Shares Outstanding	0.52	0.67	0.46	0.73	0.53	0.54	0.67	0.08	0.12	0.53	0.43	0.69	-0.3	0.79	0.49	0.32	1.0	-0.32	0.49	-0.53	-0.47	-0.41		0.67	0.6	1.0
Net Invested Capital	0.88	0.82	0.85	0.63	0.87	0.86	0.55	0.25	0.27	0.88	0.58	0.82	-0.53	0.83	0.84	0.56	0.66	-0.39	0.67	-0.74	-0.79	-0.73	0.67		0.99	0.66
Net Working Capital	0.87	0.76	0.86	0.59	0.86	0.86	0.5	0.24	0.27	0.87	0.56	0.75	-0.52	0.77	0.83	0.55	0.6	-0.38	0.65	-0.71	-0.77	-0.73	0.6	0.99		0.6
Capital Stock	0.51	0.66	0.45	0.72	0.52	0.53	0.67	0.08	0.11	0.52	0.42	0.68	-0.3	0.78	0.48	0.31	1.0	-0.31	0.49	-0.52	-0.46	-0.41	1.0	0.66	0.6

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McChip Resources Account Relationship Matchups

McChip Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.0M	8.2M	9.6M	9.8M	10.3M	7.4M
Total Current Liabilities	1.3M	824.7K	1.0M	1.7M	2.1M	1.1M
Total Stockholder Equity	5.7M	7.4M	8.6M	8.0M	8.2M	6.3M
Net Tangible Assets	5.5M	5.7M	7.4M	8.6M	9.9M	5.7M
Retained Earnings	(466.3K)	1.2M	2.2M	1.6M	1.8M	1.9M
Accounts Payable	202.8K	199.3K	186.8K	213.2K	274.5K	221.4K
Cash	418.0K	452.6K	523.4K	915.1K	471.8K	569.9K
Net Receivables	669.4K	557.7K	567.6K	503.2K	512.0K	470.0K
Short Term Investments	4.9M	6.0M	7.3M	7.4M	8.4M	4.5M
Other Current Assets	58.8K	45.0K	46.2K	72.9K	83.8K	53.8K
Total Liab	1.3M	831.5K	1.0M	1.8M	2.1M	1.1M
Long Term Investments	514.9K	667.4K	792.2K	942.0K	847.8K	1.1M
Short Long Term Debt	1.1M	610.4K	823.2K	1.5M	1.8M	1.9M
Total Current Assets	6.0M	7.0M	8.3M	8.8M	9.4M	5.6M
Non Current Assets Total	990.9K	1.1M	1.3M	1.0M	988.0K	1.0M
Other Assets	288.8K	115.5K	114.0K	113.9K	102.5K	129.2K
Net Invested Capital	6.8M	8.0M	9.5M	9.5M	10.0M	8.8M
Net Working Capital	4.7M	6.2M	7.3M	7.1M	7.3M	6.5M

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