North Free Cash Flow Yield vs Days Sales Outstanding Analysis

NWC Stock

CAD 45.56 0.11 0.24%

North West financial indicator trend analysis is infinitely more than just investigating North West recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether North West is a good investment. Please check the relationship between North West Free Cash Flow Yield and its Days Sales Outstanding accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in North West. 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.

Free Cash Flow Yield vs Days Sales Outstanding

Free Cash Flow Yield vs Days Sales Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of North West Free Cash Flow Yield account and Days Sales Outstanding. At this time, the significance of the direction appears to have pay attention.

The correlation between North West's Free Cash Flow Yield and Days Sales Outstanding is -0.85. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of North West, assuming nothing else is changed. The correlation between historical values of North West's Free Cash Flow Yield and Days Sales Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of North West are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Free Cash Flow Yield i.e., North West's Free Cash Flow Yield and Days Sales Outstanding go up and down completely randomly.

Correlation Coefficient

-0.85

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Days Sales Outstanding

Most indicators from North West's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into North West 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 North West. 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, North West's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 18th of February 2025, Enterprise Value Multiple is likely to grow to 6.88, while Selling General Administrative is likely to drop about 494.7 M.

	2022	2023	2024	2025 (projected)
Gross Profit	747.9M	704.1M	809.8M	850.3M
Total Revenue	2.4B	2.5B	2.8B	1.4B

Gross Profit Total Revenue

North West fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Current Deferred Revenue	Common Stock Total Equity	Common Stock
Total Assets		0.7	0.13	0.67	0.97	1.0	0.71	0.95	0.97	0.84	1.0	0.45	0.84	0.8	0.64	0.89	0.75	0.81	-0.39	0.97	0.92	0.77	-0.2	0.21	0.84	0.84
Short Long Term Debt Total	0.7		0.17	0.61	0.54	0.73	0.97	0.52	0.62	0.49	0.74	0.27	0.49	0.83	0.3	0.85	0.75	0.54	-0.56	0.82	0.49	0.78	-0.18	0.04	0.56	0.55
Other Current Liab	0.13	0.17		0.54	0.06	0.14	0.15	0.05	0.16	0.49	0.16	0.67	0.49	0.03	-0.02	0.03	0.0	-0.15	-0.52	0.19	-0.05	0.1	0.03	-0.81	0.02	-0.01
Total Current Liabilities	0.67	0.61	0.54		0.64	0.67	0.6	0.63	0.69	0.78	0.69	0.75	0.78	0.72	0.31	0.46	0.73	0.33	-0.5	0.65	0.59	0.78	-0.12	-0.29	0.52	0.51
Total Stockholder Equity	0.97	0.54	0.06	0.64		0.95	0.54	1.0	0.96	0.85	0.95	0.46	0.85	0.75	0.68	0.77	0.73	0.81	-0.26	0.87	0.97	0.75	-0.23	0.26	0.84	0.86
Property Plant And Equipment Net	1.0	0.73	0.14	0.67	0.95		0.75	0.94	0.95	0.81	1.0	0.45	0.81	0.8	0.63	0.9	0.74	0.8	-0.41	0.97	0.91	0.76	-0.23	0.17	0.83	0.83
Net Debt	0.71	0.97	0.15	0.6	0.54	0.75		0.53	0.6	0.44	0.75	0.25	0.44	0.84	0.32	0.87	0.75	0.53	-0.59	0.83	0.51	0.77	-0.13	0.07	0.56	0.56
Retained Earnings	0.95	0.52	0.05	0.63	1.0	0.94	0.53		0.94	0.83	0.93	0.46	0.83	0.74	0.67	0.74	0.72	0.79	-0.24	0.85	0.98	0.74	-0.26	0.25	0.84	0.86
Accounts Payable	0.97	0.62	0.16	0.69	0.96	0.95	0.6	0.94		0.89	0.96	0.51	0.89	0.75	0.62	0.82	0.74	0.77	-0.32	0.92	0.88	0.77	-0.1	0.19	0.8	0.8
Cash	0.84	0.49	0.49	0.78	0.85	0.81	0.44	0.83	0.89		0.83	0.74	1.0	0.63	0.49	0.61	0.62	0.57	-0.46	0.77	0.76	0.69	-0.2	-0.11	0.66	0.66
Non Current Assets Total	1.0	0.74	0.16	0.69	0.95	1.0	0.75	0.93	0.96	0.83		0.48	0.83	0.8	0.61	0.91	0.75	0.78	-0.43	0.98	0.9	0.77	-0.18	0.15	0.82	0.81
Non Currrent Assets Other	0.45	0.27	0.67	0.75	0.46	0.45	0.25	0.46	0.51	0.74	0.48		0.74	0.36	0.09	0.21	0.33	-0.06	-0.5	0.41	0.44	0.42	-0.01	-0.58	0.25	0.23
Cash And Short Term Investments	0.84	0.49	0.49	0.78	0.85	0.81	0.44	0.83	0.89	1.0	0.83	0.74		0.63	0.49	0.61	0.62	0.57	-0.46	0.77	0.76	0.69	-0.2	-0.11	0.66	0.66
Net Receivables	0.8	0.83	0.03	0.72	0.75	0.8	0.84	0.74	0.75	0.63	0.8	0.36	0.63		0.48	0.77	0.97	0.64	-0.41	0.79	0.74	0.98	-0.23	0.26	0.72	0.74
Common Stock Shares Outstanding	0.64	0.3	-0.02	0.31	0.68	0.63	0.32	0.67	0.62	0.49	0.61	0.09	0.49	0.48		0.52	0.46	0.69	0.07	0.57	0.64	0.46	-0.15	0.23	0.94	0.92
Non Current Liabilities Total	0.89	0.85	0.03	0.46	0.77	0.9	0.87	0.74	0.82	0.61	0.91	0.21	0.61	0.77	0.52		0.68	0.76	-0.46	0.96	0.71	0.69	-0.13	0.27	0.72	0.71
Inventory	0.75	0.75	0.0	0.73	0.73	0.74	0.75	0.72	0.74	0.62	0.75	0.33	0.62	0.97	0.46	0.68		0.61	-0.34	0.72	0.7	0.99	-0.14	0.31	0.69	0.72
Other Current Assets	0.81	0.54	-0.15	0.33	0.81	0.8	0.53	0.79	0.77	0.57	0.78	-0.06	0.57	0.64	0.69	0.76	0.61		-0.05	0.77	0.74	0.6	-0.4	0.52	0.78	0.8
Other Stockholder Equity	-0.39	-0.56	-0.52	-0.5	-0.26	-0.41	-0.59	-0.24	-0.32	-0.46	-0.43	-0.5	-0.46	-0.41	0.07	-0.46	-0.34	-0.05		-0.5	-0.21	-0.4	0.07	0.23	-0.11	-0.11
Total Liab	0.97	0.82	0.19	0.65	0.87	0.97	0.83	0.85	0.92	0.77	0.98	0.41	0.77	0.79	0.57	0.96	0.72	0.77	-0.5		0.81	0.75	-0.16	0.14	0.77	0.76
Property Plant And Equipment Gross	0.92	0.49	-0.05	0.59	0.97	0.91	0.51	0.98	0.88	0.76	0.9	0.44	0.76	0.74	0.64	0.71	0.7	0.74	-0.21	0.81		0.71	-0.32	0.28	0.81	0.83
Total Current Assets	0.77	0.78	0.1	0.78	0.75	0.76	0.77	0.74	0.77	0.69	0.77	0.42	0.69	0.98	0.46	0.69	0.99	0.6	-0.4	0.75	0.71		-0.18	0.22	0.69	0.72
Short Term Debt	-0.2	-0.18	0.03	-0.12	-0.23	-0.23	-0.13	-0.26	-0.1	-0.2	-0.18	-0.01	-0.2	-0.23	-0.15	-0.13	-0.14	-0.4	0.07	-0.16	-0.32	-0.18		-0.12	-0.19	-0.21
Current Deferred Revenue	0.21	0.04	-0.81	-0.29	0.26	0.17	0.07	0.25	0.19	-0.11	0.15	-0.58	-0.11	0.26	0.23	0.27	0.31	0.52	0.23	0.14	0.28	0.22	-0.12		0.23	0.28
Common Stock Total Equity	0.84	0.56	0.02	0.52	0.84	0.83	0.56	0.84	0.8	0.66	0.82	0.25	0.66	0.72	0.94	0.72	0.69	0.78	-0.11	0.77	0.81	0.69	-0.19	0.23		0.99
Common Stock	0.84	0.55	-0.01	0.51	0.86	0.83	0.56	0.86	0.8	0.66	0.81	0.23	0.66	0.74	0.92	0.71	0.72	0.8	-0.11	0.76	0.83	0.72	-0.21	0.28	0.99

Click cells to compare fundamentals

North West Account Relationship Matchups

North West fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.2B	1.2B	1.3B	1.4B	1.6B	1.7B
Short Long Term Debt Total	402.0M	349.7M	402.5M	405.5M	466.3M	248.1M
Other Current Liab	117.4M	16.4M	9.0M	6.0M	6.9M	6.6M
Total Current Liabilities	315.1M	294.5M	248.6M	250.7M	288.3M	169.7M
Total Stockholder Equity	491.3M	563.6M	629.2M	684.7M	787.4M	826.8M
Property Plant And Equipment Net	639.6M	655.3M	708.9M	759.2M	873.1M	916.7M
Net Debt	330.5M	300.3M	343.7M	352.1M	404.9M	216.7M
Retained Earnings	282.1M	355.7M	407.2M	464.6M	534.2M	561.0M
Accounts Payable	205.2M	204.9M	216.5M	222.3M	255.6M	268.4M
Cash	71.5M	49.4M	58.8M	53.4M	61.4M	64.4M
Non Current Assets Total	794.3M	815.9M	862.0M	893.1M	1.0B	1.1B
Non Currrent Assets Other	50.6M	41.8M	34.1M	15.3M	17.6M	16.3M
Cash And Short Term Investments	71.5M	49.4M	58.8M	53.4M	61.4M	64.4M
Net Receivables	91.4M	99.2M	113.8M	121.6M	139.8M	79.9M
Common Stock Shares Outstanding	49.5M	49.0M	48.6M	48.4M	55.7M	53.0M
Liabilities And Stockholders Equity	1.2B	1.2B	1.3B	1.4B	1.6B	1.7B
Non Current Liabilities Total	370.8M	344.6M	440.4M	439.6M	505.5M	530.8M
Inventory	227.0M	248.0M	293.8M	313.4M	360.4M	193.1M
Other Current Assets	6.9M	6.7M	8.4M	14.5M	16.7M	17.5M
Other Stockholder Equity	(456.3M)	12.5M	(583.3M)	9.4M	8.4M	8.0M
Total Liab	685.9M	639.1M	689.0M	690.2M	793.8M	833.5M
Property Plant And Equipment Gross	639.6M	1.5B	1.6B	1.7B	2.0B	2.1B
Total Current Assets	396.9M	403.4M	474.8M	502.9M	578.3M	308.1M
Accumulated Other Comprehensive Income	21.6M	22.4M	32.9M	32.8M	37.7M	39.6M
Short Term Debt	106.8M	64.3M	18.9M	19.7M	22.6M	21.5M
Current Deferred Revenue	(32.1M)	(114.3M)	(71.9M)	(23.7M)	(21.3M)	(22.4M)
Common Stock	174.2M	173.1M	176.1M	178.0M	204.6M	188.0M
Good Will	48.3M	48.5M	50.4M	50.5M	58.1M	41.3M
Intangible Assets	36.2M	34.1M	30.7M	29.8M	34.2M	30.8M
Other Liab	57.9M	65.4M	75.6M	59.2M	68.1M	63.7M
Net Tangible Assets	314.0M	322.7M	406.9M	481.0M	553.2M	359.7M
Other Assets	29.6M	57.9M	63.6M	29.5M	33.9M	41.8M
Long Term Debt	191.0M	189.4M	289.8M	281.3M	323.5M	279.5M
Long Term Investments	12.5M	14.5M	16.2M	16.9M	19.4M	13.0M
Short Long Term Debt	1.9M	90.5M	46.3M	268K	241.2K	229.1K
Property Plant Equipment	682.9M	639.6M	655.3M	708.9M	815.3M	561.2M
Long Term Debt Total	529.0M	295.2M	285.4M	383.6M	441.2M	377.5M
Non Current Liabilities Other	24.7M	23.0M	24.2M	21.7M	24.9M	24.0M

Pair Trading with North West

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if North West position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in North West will appreciate offsetting losses from the drop in the long position's value.

Moving against North Stock

0.89	OIII	O3 Mining	Pair Corr
0.77	DRT	DIRTT Environmental Earnings Call Tomorrow	Pair Corr
0.65	IMG	IAMGold	Pair Corr
0.63	GUD	Knight Therapeutics	Pair Corr
0.63	AOV	Amotiv Limited	Pair Corr

The ability to find closely correlated positions to North West could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace North West when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back North West - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling North West to buy it.

The correlation of North West is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as North West moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if North West moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for North West can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in North Stock

Balance Sheet is a snapshot of the financial position of North West at a specified time, usually calculated after every quarter, six months, or one year. North West Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of North West and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which North currently owns. An asset can also be divided into two categories, current and non-current.

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North Free Cash Flow Yield vs Days Sales Outstanding Analysis

Free Cash Flow Yield vs Days Sales Outstanding

Free Cash Flow Yield vs Days Sales Outstanding Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Days Sales Outstanding

North West fundamental ratios Correlations

North West Account Relationship Matchups

High Positive Relationship

High Negative Relationship

North West fundamental ratios Accounts

Pair Trading with North West

Moving against North Stock

Other Information on Investing in North Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 0.99	Inventory

Current Deferred Revenue	- 0.81	Other Current Liab
Other Stockholder Equity	- 0.59	Net Debt
Current Deferred Revenue	- 0.58	Non Currrent Assets Other
Other Stockholder Equity	- 0.56	Short Long Term Debt Total
Other Stockholder Equity	- 0.52	Other Current Liab
Total Liab	- 0.5	Other Stockholder Equity