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 Direction | Positive |
Relationship Strength | Very 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
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McChip Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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When running McChip Resources' price analysis, check to measure McChip 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 McChip Resources is operating at the current time. Most of McChip Resources' value examination focuses on studying past and present price action to predict the probability of McChip Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move McChip Resources' price. Additionally, you may evaluate how the addition of McChip Resources to your portfolios can decrease your overall portfolio volatility.