Stantec Days Sales Outstanding vs Ptb Ratio Analysis

STN Stock  CAD 121.27  0.21  0.17%   
Stantec financial indicator trend analysis is much more than just breaking down Stantec prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Stantec is a good investment. Please check the relationship between Stantec Days Sales Outstanding and its Ptb Ratio accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stantec. 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.
To learn how to invest in Stantec Stock, please use our How to Invest in Stantec guide.

Days Sales Outstanding vs Ptb Ratio

Days Sales Outstanding vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Stantec Days Sales Outstanding account and Ptb Ratio. At this time, the significance of the direction appears to have weak relationship.
The correlation between Stantec's Days Sales Outstanding and Ptb Ratio is 0.39. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Stantec, assuming nothing else is changed. The correlation between historical values of Stantec's Days Sales Outstanding and Ptb 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 Days Sales Outstanding of Stantec are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Days Sales Outstanding i.e., Stantec's Days Sales Outstanding and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

0.39
Relationship DirectionPositive 
Relationship StrengthVery Weak

Days Sales Outstanding

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.
Most indicators from Stantec's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Stantec 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 Stantec. 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.
To learn how to invest in Stantec Stock, please use our How to Invest in Stantec guide.At this time, Stantec's Selling General Administrative is very stable compared to the past year. As of the 30th of November 2024, Discontinued Operations is likely to grow to about 14.5 M, while Tax Provision is likely to drop about 83.5 M.
 2021 2022 2023 2024 (projected)
Gross Profit2.0B2.4B2.5B2.6B
Total Revenue4.6B5.7B6.5B6.8B

Stantec fundamental ratios Correlations

0.950.870.970.920.870.920.610.720.390.970.470.80.970.090.940.10.59-0.040.940.90.980.720.640.960.75
0.950.80.880.880.950.990.650.550.210.970.50.70.920.210.990.090.510.010.90.970.890.610.60.910.66
0.870.80.850.910.660.760.720.570.180.890.240.790.89-0.030.810.30.660.120.740.690.870.470.690.890.58
0.970.880.850.880.780.840.530.810.480.920.360.780.950.020.840.030.53-0.160.930.830.980.820.60.960.85
0.920.880.910.880.790.830.860.570.10.960.450.880.970.260.880.190.570.240.740.80.910.490.520.940.7
0.870.950.660.780.790.940.60.40.220.890.580.680.820.170.93-0.020.410.00.830.980.80.60.390.830.6
0.920.990.760.840.830.940.610.510.170.950.50.610.880.210.980.10.49-0.010.890.960.840.60.610.870.63
0.610.650.720.530.860.60.610.15-0.380.750.310.720.720.470.670.250.350.510.330.590.580.080.270.690.44
0.720.550.570.810.570.40.510.150.630.60.230.540.680.060.520.070.47-0.190.760.440.770.740.630.650.69
0.390.210.180.480.10.220.17-0.380.630.180.070.320.25-0.520.16-0.340.22-0.630.580.250.460.710.20.310.4
0.970.970.890.920.960.890.950.750.60.180.470.80.970.220.970.160.580.10.870.910.940.590.620.960.7
0.470.50.240.360.450.580.50.310.230.070.470.340.50.30.540.070.290.40.430.480.470.160.140.370.21
0.80.70.790.780.880.680.610.720.540.320.80.340.810.10.7-0.010.50.160.630.660.830.470.340.830.63
0.970.920.890.950.970.820.880.720.680.250.970.50.810.170.910.140.570.080.860.850.970.640.570.970.78
0.090.21-0.030.020.260.170.210.470.06-0.520.220.30.10.170.230.07-0.080.46-0.070.150.04-0.210.010.090.09
0.940.990.810.840.880.930.980.670.520.160.970.540.70.910.230.160.570.10.880.930.870.530.640.880.59
0.10.090.30.030.19-0.020.10.250.07-0.340.160.07-0.010.140.070.160.620.620.01-0.10.07-0.210.55-0.03-0.32
0.590.510.660.530.570.410.490.350.470.220.580.290.50.57-0.080.570.620.310.540.350.590.230.780.460.14
-0.040.010.12-0.160.240.0-0.010.51-0.19-0.630.10.40.160.080.460.10.620.31-0.27-0.13-0.05-0.540.13-0.09-0.34
0.940.90.740.930.740.830.890.330.760.580.870.430.630.86-0.070.880.010.54-0.270.870.920.810.650.870.71
0.90.970.690.830.80.980.960.590.440.250.910.480.660.850.150.93-0.10.35-0.130.870.830.670.410.890.7
0.980.890.870.980.910.80.840.580.770.460.940.470.830.970.040.870.070.59-0.050.920.830.730.60.960.79
0.720.610.470.820.490.60.60.080.740.710.590.160.470.64-0.210.53-0.210.23-0.540.810.670.730.320.70.79
0.640.60.690.60.520.390.610.270.630.20.620.140.340.570.010.640.550.780.130.650.410.60.320.510.21
0.960.910.890.960.940.830.870.690.650.310.960.370.830.970.090.88-0.030.46-0.090.870.890.960.70.510.84
0.750.660.580.850.70.60.630.440.690.40.70.210.630.780.090.59-0.320.14-0.340.710.70.790.790.210.84
Click cells to compare fundamentals

Stantec Account Relationship Matchups

Stantec fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.6B4.4B5.2B5.7B6.1B6.4B
Short Long Term Debt Total1.6B1.3B1.9B1.9B1.7B1.8B
Other Current Liab386.9M393.2M492.8M539.2M573.3M602.0M
Total Current Liabilities1.0B987.2M1.2B1.4B1.6B1.7B
Total Stockholder Equity1.9B1.9B2.0B2.3B2.8B2.9B
Property Plant And Equipment Net845M687.1M710.2M721.1M710.4M745.9M
Net Debt1.4B1.0B1.7B1.8B1.4B1.4B
Retained Earnings917.7M958.6M1.0B1.2B1.4B1.5B
Accounts Payable225.5M217.6M213.1M300.6M351.9M369.5M
Cash208.1M285M193.9M148.3M352.9M370.5M
Non Current Assets Total3.0B2.8B3.6B3.7B3.8B4.0B
Non Currrent Assets Other224.3M60M29.9M73.6M89M93.5M
Cash And Short Term Investments223.5M285M193.9M148.3M352.9M370.5M
Net Receivables1.3B1.2B1.4B1.7B1.8B1.9B
Common Stock Shares Outstanding113.8M111.6M111.9M111.6M111.2M104.4M
Liabilities And Stockholders Equity4.6B4.4B5.2B5.7B6.1B6.4B
Non Current Liabilities Total1.7B1.5B2.0B2.0B1.7B1.8B
Inventory42.9M43.9M45.8M48.6M1.00.95
Other Current Assets61M81.5M69.3M58.8M70.9M41.1M
Other Stockholder Equity23.9M12.9M10.6M6.7M5.5M5.2M
Total Liab2.7B2.5B3.2B3.4B3.3B3.5B
Property Plant And Equipment Gross845M687.1M976M983.4M963.1M1.0B
Total Current Assets1.6B1.6B1.7B1.9B2.3B2.4B
Accumulated Other Comprehensive Income54.1M24.8M(24.7M)140.6M89.7M94.2M
Short Term Debt166.3M154.9M182.1M216.6M271.6M285.2M
Intangible Assets219.6M182M373.3M320.4M265.7M136.8M
Current Deferred Revenue199.2M197.3M264.8M327.7M397.5M417.4M
Other Assets77.1M102.4M78.2M327.2M376.3M395.1M
Good Will1.7B1.7B2.2B2.3B2.4B2.5B
Common Stock Total Equity878.2M867.8M879.8M932.2M1.1B540.8M
Common Stock879.8M932.2M972.4M983.8M1.3B1.3B
Other Liab275.1M312M303.4M250.5M288.1M221.0M
Net Tangible Assets4.1M72.7M(555.9M)(380.8M)(437.9M)(459.8M)
Long Term Debt814M634.2M1.2B1.2B982.3M931.1M
Short Long Term Debt66.4M51.3M58.2M117.6M170.3M95.4M
Property Plant Equipment845M687.1M710.2M721.1M829.3M484.9M
Short Term Investments15.4M34.7M21.4M9.1M15.8M16.2M
Long Term Investments8.8M178.5M216M208.4M262.5M154.9M
Long Term Debt Total1.4B1.2B1.7B1.7B2.0B1.2B

Pair Trading with Stantec

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 Stantec 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 Stantec will appreciate offsetting losses from the drop in the long position's value.

Moving against Stantec Stock

  0.65DELX DelphX Capital MarketsPairCorr
The ability to find closely correlated positions to Stantec could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stantec 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 Stantec - 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 Stantec to buy it.
The correlation of Stantec 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 Stantec moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stantec 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 Stantec 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 CorrelationCorrelation Matching
When determining whether Stantec offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Stantec's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Stantec Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Stantec Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stantec. 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.
To learn how to invest in Stantec Stock, please use our How to Invest in Stantec guide.
You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Please note, there is a significant difference between Stantec's value and its price as these two are different measures arrived at by different means. Investors typically determine if Stantec is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Stantec'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.