Steel Quick Ratio vs Pfcf Ratio Analysis
STCN Stock | USD 12.38 0.03 0.24% |
Steel Connect financial indicator trend analysis is much more than just breaking down Steel Connect prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Steel Connect is a good investment. Please check the relationship between Steel Connect Quick Ratio and its Pfcf Ratio accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steel Connect. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Steel Stock, please use our How to Invest in Steel Connect guide.
Quick Ratio vs Pfcf Ratio
Quick Ratio vs Pfcf Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Steel Connect Quick Ratio account and Pfcf Ratio. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Steel Connect's Quick Ratio and Pfcf Ratio is 0.18. Overlapping area represents the amount of variation of Quick Ratio that can explain the historical movement of Pfcf Ratio in the same time period over historical financial statements of Steel Connect, assuming nothing else is changed. The correlation between historical values of Steel Connect's Quick Ratio and Pfcf 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 Quick Ratio of Steel Connect are associated (or correlated) with its Pfcf Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pfcf Ratio has no effect on the direction of Quick Ratio i.e., Steel Connect's Quick Ratio and Pfcf Ratio go up and down completely randomly.
Correlation Coefficient | 0.18 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Quick Ratio
A measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities.Pfcf Ratio
Most indicators from Steel Connect's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Steel Connect 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Steel Connect. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Steel Stock, please use our How to Invest in Steel Connect guide.At this time, Steel Connect's Tax Provision is very stable compared to the past year. As of the 13th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.30, while Selling General Administrative is likely to drop about 35.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.1M | 2.9M | 996K | 946.2K | Depreciation And Amortization | 11.6M | 2.8M | 5.4M | 5.1M |
Steel Connect fundamental ratios Correlations
Click cells to compare fundamentals
Steel Connect Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Steel Connect fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 759.2M | 676.4M | 137.7M | 411.2M | 485.6M | 680.6M | |
Short Long Term Debt Total | 436.6M | 425.8M | 30.5M | 39.6M | 34.0M | 32.3M | |
Other Current Liab | 151.5M | 115.8M | 34.3M | 19.9M | 24.5M | 23.3M | |
Total Current Liabilities | 249.9M | 218.0M | 83.8M | 67.8M | 75.1M | 71.3M | |
Total Stockholder Equity | 84.0M | 41.4M | 26.0M | 306.4M | 154.2M | 146.5M | |
Property Plant And Equipment Net | 135.8M | 109.7M | 23.2M | 30.8M | 26.3M | 25.0M | |
Net Debt | 360.7M | 328.8M | (22.7M) | (81.8M) | (214.7M) | (203.9M) | |
Retained Earnings | (7.4B) | (7.5B) | (7.5B) | 7.6M | 93.5M | 98.1M | |
Accounts Payable | 70.0M | 29.8M | 30.6M | 26.5M | 25.2M | 24.0M | |
Cash | 75.9M | 96.9M | 53.1M | 121.4M | 248.6M | 135.1M | |
Non Current Assets Total | 535.6M | 463.0M | 27.9M | 91.9M | 189.8M | 315.9M | |
Non Currrent Assets Other | 7.4M | 6.8M | 3.9M | 3.7M | 3.1M | 2.9M | |
Cash And Short Term Investments | 75.9M | 96.9M | 53.1M | 121.4M | 248.6M | 232.5M | |
Net Receivables | 93.1M | 37.2M | 40.1M | 183.1M | 33.4M | 31.8M | |
Common Stock Shares Outstanding | 6.6M | 6.7M | 6.4M | 6.3M | 28.6M | 30.0M | |
Liabilities And Stockholders Equity | 759.2M | 676.4M | 137.7M | 411.2M | 485.6M | 680.6M | |
Non Current Liabilities Total | 425.2M | 417.0M | 28.0M | 37.1M | 18.7M | 17.7M | |
Inventory | 15.4M | 16.2M | 8.2M | 8.6M | 6.7M | 6.4M | |
Other Current Assets | 20.5M | 109.7M | 8.5M | 6.2M | 7.0M | 6.7M | |
Other Stockholder Equity | 7.5B | 7.5B | 7.5B | 61.5M | (175.6M) | (166.8M) | |
Total Liab | 675.2M | 635.0M | 111.8M | 104.8M | 93.7M | 89.0M | |
Total Current Assets | 223.5M | 213.4M | 109.8M | 319.3M | 295.8M | 364.6M | |
Short Term Debt | 19.8M | 15.2M | 12.9M | 15.9M | 21.2M | 32.5M | |
Property Plant And Equipment Gross | 135.8M | 109.7M | 23.2M | 31.3M | 28.1M | 47.2M | |
Accumulated Other Comprehensive Income | 3.8M | 7.2M | 4.1M | (587K) | (1.5M) | (1.4M) | |
Intangible Assets | 135.3M | 115.0M | 4.7M | 34.6M | 31.0M | 29.5M | |
Common Stock Total Equity | 608K | 618K | 628K | 605K | 544.5K | 517.3K | |
Common Stock | 628K | 632K | 605K | 65K | 58.5K | 55.6K | |
Other Liab | 10.9M | 8.5M | 10.5M | 4.0M | 3.6M | 3.4M | |
Other Assets | 7.3M | 7.4M | 6.8M | 4.7M | 4.3M | 4.0M | |
Long Term Debt | 373.5M | 367.5M | 11.0M | 12.5M | 14.3M | 13.6M | |
Property Plant Equipment | 91.3M | 135.8M | 109.7M | 3.5M | 3.2M | 3.0M | |
Current Deferred Revenue | 8.6M | 13.5M | 2.7M | 2.6M | 2.3M | 2.2M | |
Net Tangible Assets | (331.8M) | (343.6M) | (340.3M) | 1.6M | 1.4M | 1.5M | |
Retained Earnings Total Equity | (7.4B) | (7.4B) | (7.4B) | (7.5B) | (6.7B) | (7.1B) | |
Long Term Debt Total | 447.6M | 375.9M | 373.5M | 11.0M | 12.7M | 12.1M | |
Capital Surpluse | 7.5B | 7.5B | 7.5B | 7.5B | 8.6B | 8.2B |
Pair Trading with Steel Connect
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 Steel Connect 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 Steel Connect will appreciate offsetting losses from the drop in the long position's value.Moving against Steel Stock
The ability to find closely correlated positions to Steel Connect could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Steel Connect 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 Steel Connect - 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 Steel Connect to buy it.
The correlation of Steel Connect 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 Steel Connect moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Steel Connect 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 Steel Connect 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steel Connect. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Steel Stock, please use our How to Invest in Steel Connect guide.You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Is Data Processing & Outsourced Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Steel Connect. If investors know Steel will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Steel Connect listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.20) | Earnings Share 3.03 | Revenue Per Share 28.001 | Quarterly Revenue Growth 0.124 | Return On Assets 0.0104 |
The market value of Steel Connect is measured differently than its book value, which is the value of Steel that is recorded on the company's balance sheet. Investors also form their own opinion of Steel Connect's value that differs from its market value or its book value, called intrinsic value, which is Steel Connect's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Steel Connect's market value can be influenced by many factors that don't directly affect Steel Connect's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Steel Connect's value and its price as these two are different measures arrived at by different means. Investors typically determine if Steel Connect is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steel Connect's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.