McChip Ptb Ratio vs Pb 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 Ptb Ratio and its Pb 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.

Ptb Ratio vs Pb Ratio

Ptb Ratio vs Pb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of McChip Resources Ptb Ratio account and Pb Ratio. At this time, the significance of the direction appears to have totally related.
The correlation between McChip Resources' Ptb Ratio and Pb Ratio is 1.0. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Pb 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' Ptb Ratio and Pb 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 Ptb Ratio of McChip Resources are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Ptb Ratio i.e., McChip Resources' Ptb Ratio and Pb Ratio go up and down completely randomly.

Correlation Coefficient

1.0
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Pb Ratio

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

0.840.990.620.990.960.440.540.590.970.710.81-0.750.790.990.870.52-0.110.88-0.83-0.89-0.590.520.880.870.51
0.840.760.740.830.730.710.310.330.880.590.99-0.670.870.850.720.67-0.10.7-0.82-0.81-0.60.670.820.760.66
0.990.760.580.980.970.350.580.620.950.70.72-0.750.730.980.870.45-0.080.89-0.8-0.87-0.560.460.850.860.45
0.620.740.580.630.590.770.35-0.040.710.240.68-0.720.680.680.510.730.140.67-0.65-0.64-0.370.730.630.590.72
0.990.830.980.630.930.430.530.570.960.730.81-0.710.730.970.870.52-0.110.84-0.78-0.85-0.560.530.870.860.52
0.960.730.970.590.930.360.570.610.910.650.69-0.740.810.940.790.53-0.120.92-0.83-0.86-0.560.540.860.860.53
0.440.710.350.770.430.36-0.14-0.140.580.260.69-0.560.620.50.340.67-0.010.38-0.63-0.59-0.250.670.550.50.67
0.540.310.580.350.530.57-0.140.420.430.430.25-0.530.340.550.60.080.250.66-0.29-0.28-0.080.080.250.240.08
0.590.330.62-0.040.570.61-0.140.420.470.610.34-0.360.380.550.720.12-0.020.64-0.52-0.54-0.150.120.270.270.11
0.970.880.950.710.960.910.580.430.470.620.84-0.820.790.990.840.52-0.030.85-0.88-0.94-0.610.530.880.870.52
0.710.590.70.240.730.650.260.430.610.620.61-0.370.520.650.70.42-0.330.5-0.41-0.45-0.240.430.580.560.42
0.810.990.720.680.810.690.690.250.340.840.61-0.570.870.810.660.68-0.220.64-0.79-0.77-0.620.690.820.750.68
-0.75-0.67-0.75-0.72-0.71-0.74-0.56-0.53-0.36-0.82-0.37-0.57-0.61-0.84-0.81-0.3-0.44-0.850.810.820.28-0.3-0.53-0.52-0.3
0.790.870.730.680.730.810.620.340.380.790.520.87-0.610.780.570.78-0.230.78-0.86-0.78-0.590.790.830.770.78
0.990.850.980.680.970.940.50.550.550.990.650.81-0.840.780.890.480.010.9-0.87-0.92-0.550.490.840.830.48
0.870.720.870.510.870.790.340.60.720.840.70.66-0.810.570.890.320.270.83-0.73-0.79-0.30.320.560.550.31
0.520.670.450.730.520.530.670.080.120.520.420.68-0.30.780.480.32-0.310.49-0.52-0.47-0.411.00.660.61.0
-0.11-0.1-0.080.14-0.11-0.12-0.010.25-0.02-0.03-0.33-0.22-0.44-0.230.010.27-0.310.13-0.03-0.020.27-0.32-0.39-0.38-0.31
0.880.70.890.670.840.920.380.660.640.850.50.64-0.850.780.90.830.490.13-0.88-0.87-0.370.490.670.650.49
-0.83-0.82-0.8-0.65-0.78-0.83-0.63-0.29-0.52-0.88-0.41-0.790.81-0.86-0.87-0.73-0.52-0.03-0.880.970.48-0.53-0.74-0.71-0.52
-0.89-0.81-0.87-0.64-0.85-0.86-0.59-0.28-0.54-0.94-0.45-0.770.82-0.78-0.92-0.79-0.47-0.02-0.870.970.53-0.47-0.79-0.77-0.46
-0.59-0.6-0.56-0.37-0.56-0.56-0.25-0.08-0.15-0.61-0.24-0.620.28-0.59-0.55-0.3-0.410.27-0.370.480.53-0.41-0.73-0.73-0.41
0.520.670.460.730.530.540.670.080.120.530.430.69-0.30.790.490.321.0-0.320.49-0.53-0.47-0.410.670.61.0
0.880.820.850.630.870.860.550.250.270.880.580.82-0.530.830.840.560.66-0.390.67-0.74-0.79-0.730.670.990.66
0.870.760.860.590.860.860.50.240.270.870.560.75-0.520.770.830.550.6-0.380.65-0.71-0.77-0.730.60.990.6
0.510.660.450.720.520.530.670.080.110.520.420.68-0.30.780.480.311.0-0.310.49-0.52-0.46-0.411.00.660.6
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McChip Resources Account Relationship Matchups

McChip Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.0M8.2M9.6M9.8M10.3M7.4M
Total Current Liabilities1.3M824.7K1.0M1.7M2.1M1.1M
Total Stockholder Equity5.7M7.4M8.6M8.0M8.2M6.3M
Net Tangible Assets5.5M5.7M7.4M8.6M9.9M5.7M
Retained Earnings(466.3K)1.2M2.2M1.6M1.8M1.9M
Accounts Payable202.8K199.3K186.8K213.2K274.5K221.4K
Cash418.0K452.6K523.4K915.1K471.8K569.9K
Net Receivables669.4K557.7K567.6K503.2K512.0K470.0K
Short Term Investments4.9M6.0M7.3M7.4M8.4M4.5M
Other Current Assets58.8K45.0K46.2K72.9K83.8K53.8K
Total Liab1.3M831.5K1.0M1.8M2.1M1.1M
Long Term Investments514.9K667.4K792.2K942.0K847.8K1.1M
Short Long Term Debt1.1M610.4K823.2K1.5M1.8M1.9M
Total Current Assets6.0M7.0M8.3M8.8M9.4M5.6M
Non Current Assets Total990.9K1.1M1.3M1.0M988.0K1.0M
Other Assets288.8K115.5K114.0K113.9K102.5K129.2K
Net Invested Capital6.8M8.0M9.5M9.5M10.0M8.8M
Net Working Capital4.7M6.2M7.3M7.1M7.3M6.5M

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