NexGel Price To Sales Ratio vs Inventory Turnover Analysis

NXGLW Stock

USD 0.89 0.00 0.000001%

NexGel Warrant financial indicator trend analysis is infinitely more than just investigating NexGel Warrant recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NexGel Warrant is a good investment. Please check the relationship between NexGel Warrant Price To Sales Ratio and its Inventory Turnover accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NexGel Warrant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy NexGel Stock please use our How to Invest in NexGel Warrant guide.

Price To Sales Ratio vs Inventory Turnover

Price To Sales Ratio vs Inventory Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NexGel Warrant Price To Sales Ratio account and Inventory Turnover. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between NexGel Warrant's Price To Sales Ratio and Inventory Turnover is -0.32. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of NexGel Warrant, assuming nothing else is changed. The correlation between historical values of NexGel Warrant's Price To Sales Ratio and Inventory Turnover 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 NexGel Warrant are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Price To Sales Ratio i.e., NexGel Warrant's Price To Sales Ratio and Inventory Turnover go up and down completely randomly.

Correlation Coefficient

-0.32

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Price To Sales Ratio

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

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Most indicators from NexGel Warrant's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NexGel Warrant 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 NexGel Warrant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy NexGel Stock please use our How to Invest in NexGel Warrant guide.Selling General Administrative is likely to drop to about 2.6 M in 2024. Issuance Of Capital Stock is likely to drop to about 7.9 M in 2024

	2021	2022	2023	2024 (projected)
Total Revenue	1.6M	2.0M	4.1M	2.1M
Depreciation And Amortization	113K	301K	443K	266.2K

Total Revenue Depreciation And Amortization

NexGel Warrant fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Common Stock	Net Invested Capital	Capital Stock	Non Current Liabilities Other	Net Working Capital	Short Long Term Debt Total	Current Deferred Revenue	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments
Total Assets		0.43	0.88	0.98	0.89	0.37	0.71	-0.95	0.55	-0.1	0.85	0.49	0.44	0.85	0.98	-0.68	0.99	-0.79	-0.28	0.95	0.97	0.76	-0.77	-0.74	0.86	0.95
Other Current Liab	0.43		0.6	0.33	0.56	0.82	0.84	-0.47	0.91	-0.13	0.67	0.91	0.84	0.74	0.34	-0.39	0.4	-0.46	-0.89	0.3	0.59	0.43	-0.21	-0.75	0.4	0.33
Total Current Liabilities	0.88	0.6		0.77	0.88	0.61	0.77	-0.75	0.63	0.15	0.83	0.58	0.51	0.9	0.82	-0.73	0.82	-0.8	-0.39	0.72	0.92	0.82	-0.7	-0.7	0.8	0.75
Total Stockholder Equity	0.98	0.33	0.77		0.79	0.21	0.61	-0.94	0.44	-0.2	0.77	0.38	0.34	0.76	0.99	-0.58	0.99	-0.7	-0.19	0.99	0.93	0.72	-0.8	-0.66	0.87	0.98
Property Plant And Equipment Net	0.89	0.56	0.88	0.79		0.63	0.85	-0.88	0.72	0.02	0.91	0.7	0.57	0.88	0.79	-0.71	0.81	-0.86	-0.43	0.73	0.85	0.61	-0.46	-0.86	0.6	0.7
Accounts Payable	0.37	0.82	0.61	0.21	0.63		0.88	-0.42	0.9	0.21	0.77	0.91	0.82	0.79	0.25	-0.68	0.3	-0.73	-0.87	0.18	0.49	0.43	0.02	-0.79	0.2	0.21
Non Current Assets Total	0.71	0.84	0.77	0.61	0.85	0.88		-0.78	0.96	0.01	0.95	0.95	0.83	0.95	0.62	-0.72	0.67	-0.85	-0.83	0.58	0.78	0.6	-0.29	-0.96	0.51	0.59
Non Currrent Assets Other	-0.95	-0.47	-0.75	-0.94	-0.88	-0.42	-0.78		-0.64	0.19	-0.89	-0.61	-0.57	-0.84	-0.93	0.68	-0.94	0.79	0.4	-0.93	-0.9	-0.63	0.58	0.85	-0.72	-0.89
Net Receivables	0.55	0.91	0.63	0.44	0.72	0.9	0.96	-0.64		-0.14	0.85	0.99	0.9	0.84	0.44	-0.6	0.5	-0.7	-0.92	0.41	0.64	0.41	-0.13	-0.92	0.36	0.42
Common Stock Shares Outstanding	-0.1	-0.13	0.15	-0.2	0.02	0.21	0.01	0.19	-0.14		0.04	-0.08	-0.17	0.08	-0.14	-0.28	-0.14	-0.2	0.11	-0.22	-0.07	0.38	0.14	0.06	-0.13	-0.16
Non Current Liabilities Total	0.85	0.67	0.83	0.77	0.91	0.77	0.95	-0.89	0.85	0.04		0.82	0.75	0.98	0.78	-0.85	0.82	-0.95	-0.67	0.75	0.87	0.71	-0.43	-0.95	0.63	0.75
Inventory	0.49	0.91	0.58	0.38	0.7	0.91	0.95	-0.61	0.99	-0.08	0.82		0.91	0.81	0.38	-0.57	0.44	-0.67	-0.92	0.35	0.58	0.37	-0.04	-0.92	0.28	0.35
Other Current Assets	0.44	0.84	0.51	0.34	0.57	0.82	0.83	-0.57	0.9	-0.17	0.75	0.91		0.73	0.35	-0.64	0.41	-0.6	-0.85	0.33	0.53	0.29	-0.02	-0.85	0.24	0.33
Total Liab	0.85	0.74	0.9	0.76	0.88	0.79	0.95	-0.84	0.84	0.08	0.98	0.81	0.73		0.78	-0.82	0.82	-0.91	-0.69	0.74	0.91	0.79	-0.53	-0.9	0.71	0.76
Total Current Assets	0.98	0.34	0.82	0.99	0.79	0.25	0.62	-0.93	0.44	-0.14	0.78	0.38	0.35	0.78		-0.63	1.0	-0.72	-0.2	0.99	0.95	0.77	-0.83	-0.65	0.9	0.98
Common Stock	-0.68	-0.39	-0.73	-0.58	-0.71	-0.68	-0.72	0.68	-0.6	-0.28	-0.85	-0.57	-0.64	-0.82	-0.63		-0.65	0.93	0.45	-0.58	-0.69	-0.65	0.33	0.73	-0.48	-0.59
Net Invested Capital	0.99	0.4	0.82	0.99	0.81	0.3	0.67	-0.94	0.5	-0.14	0.82	0.44	0.41	0.82	1.0	-0.65		-0.75	-0.27	0.99	0.96	0.79	-0.81	-0.7	0.9	0.99
Capital Stock	-0.79	-0.46	-0.8	-0.7	-0.86	-0.73	-0.85	0.79	-0.7	-0.2	-0.95	-0.67	-0.6	-0.91	-0.72	0.93	-0.75		0.52	-0.68	-0.78	-0.69	0.39	0.83	-0.56	-0.69
Non Current Liabilities Other	-0.28	-0.89	-0.39	-0.19	-0.43	-0.87	-0.83	0.4	-0.92	0.11	-0.67	-0.92	-0.85	-0.69	-0.2	0.45	-0.27	0.52		-0.19	-0.43	-0.32	-0.02	0.75	-0.21	-0.23
Net Working Capital	0.95	0.3	0.72	0.99	0.73	0.18	0.58	-0.93	0.41	-0.22	0.75	0.35	0.33	0.74	0.99	-0.58	0.99	-0.68	-0.19		0.91	0.72	-0.81	-0.63	0.88	0.99
Short Long Term Debt Total	0.97	0.59	0.92	0.93	0.85	0.49	0.78	-0.9	0.64	-0.07	0.87	0.58	0.53	0.91	0.95	-0.69	0.96	-0.78	-0.43	0.91		0.84	-0.8	-0.76	0.91	0.93
Current Deferred Revenue	0.76	0.43	0.82	0.72	0.61	0.43	0.6	-0.63	0.41	0.38	0.71	0.37	0.29	0.79	0.77	-0.65	0.79	-0.69	-0.32	0.72	0.84		-0.76	-0.51	0.84	0.79
Net Debt	-0.77	-0.21	-0.7	-0.8	-0.46	0.02	-0.29	0.58	-0.13	0.14	-0.43	-0.04	-0.02	-0.53	-0.83	0.33	-0.81	0.39	-0.02	-0.81	-0.8	-0.76		0.22	-0.97	-0.85
Retained Earnings	-0.74	-0.75	-0.7	-0.66	-0.86	-0.79	-0.96	0.85	-0.92	0.06	-0.95	-0.92	-0.85	-0.9	-0.65	0.73	-0.7	0.83	0.75	-0.63	-0.76	-0.51	0.22		-0.44	-0.61
Cash	0.86	0.4	0.8	0.87	0.6	0.2	0.51	-0.72	0.36	-0.13	0.63	0.28	0.24	0.71	0.9	-0.48	0.9	-0.56	-0.21	0.88	0.91	0.84	-0.97	-0.44		0.92
Cash And Short Term Investments	0.95	0.33	0.75	0.98	0.7	0.21	0.59	-0.89	0.42	-0.16	0.75	0.35	0.33	0.76	0.98	-0.59	0.99	-0.69	-0.23	0.99	0.93	0.79	-0.85	-0.61	0.92

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NexGel Warrant Account Relationship Matchups

NexGel Warrant fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.9M	2.3M	17.0M	10.4M	10.0M	6.1M
Other Current Liab	69K	213K	380K	113K	738K	774.9K
Total Current Liabilities	800K	1.3M	2.9M	859K	2.5M	1.3M
Total Stockholder Equity	380K	71K	12.1M	7.6M	4.7M	3.7M
Property Plant And Equipment Net	1.2M	1.4M	2.6M	2.5M	3.4M	1.7M
Accounts Payable	510K	658K	254K	265K	1.2M	1.3M
Non Current Assets Total	1.4M	1.9M	3.1M	2.9M	4.9M	5.1M
Net Receivables	102K	73K	209K	222K	633K	664.7K
Common Stock Shares Outstanding	13.6M	104.3M	5.6M	5.6M	5.7M	5.4M
Liabilities And Stockholders Equity	1.9M	2.3M	17.0M	10.4M	10.0M	6.1M
Non Current Liabilities Total	710K	854K	2.0M	1.9M	2.2M	2.4M
Inventory	113K	233K	291K	502K	1.3M	1.4M
Total Liab	1.5M	2.2M	4.9M	2.7M	4.8M	5.0M
Total Current Assets	513K	363K	13.9M	7.5M	5.1M	3.9M
Common Stock	281K	57K	99K	6K	5.4K	5.1K
Net Invested Capital	380K	543K	14.4M	7.9M	5.5M	5.3M
Net Working Capital	(287K)	(969K)	11.0M	6.6M	2.5M	3.5M

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NexGel Price To Sales Ratio vs Inventory Turnover Analysis

Price To Sales Ratio vs Inventory Turnover

Price To Sales Ratio vs Inventory Turnover Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Inventory Turnover

NexGel Warrant fundamental ratios Correlations

NexGel Warrant Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NexGel Warrant fundamental ratios Accounts

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Additional Tools for NexGel Stock Analysis

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Net Invested Capital	+ 1.0	Total Current Assets
Net Invested Capital	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Stockholder Equity
Net Invested Capital	+ 0.99	Total Stockholder Equity
Net Working Capital	+ 0.99	Total Stockholder Equity
Inventory	+ 0.99	Net Receivables

Cash	- 0.97	Net Debt
Retained Earnings	- 0.96	Non Current Assets Total
Retained Earnings	- 0.95	Non Current Liabilities Total
Capital Stock	- 0.95	Non Current Liabilities Total
Non Currrent Assets Other	- 0.95	Total Assets
Net Invested Capital	- 0.94	Non Currrent Assets Other