Water Price To Sales Ratio vs Ptb Ratio Analysis

WWT Stock  CAD 0.01  0.01  100.00%   
Water Ways financial indicator trend analysis is more than just analyzing Water Ways Technologies current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Water Ways Technologies is a good investment. Please check the relationship between Water Ways Price To Sales Ratio and its Ptb Ratio accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Water Ways Technologies. 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.

Price To Sales Ratio vs Ptb Ratio

Price To Sales Ratio vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Water Ways Technologies Price To Sales Ratio account and Ptb Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Water Ways' Price To Sales Ratio and Ptb Ratio is -0.04. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Water Ways Technologies, assuming nothing else is changed. The correlation between historical values of Water Ways' Price To Sales Ratio 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 Price To Sales Ratio of Water Ways Technologies 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 Price To Sales Ratio i.e., Water Ways' Price To Sales Ratio and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

-0.04
Relationship DirectionNegative 
Relationship StrengthInsignificant

Price To Sales Ratio

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

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 Water Ways' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Water Ways Technologies 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Water Ways Technologies. 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.
Selling General Administrative is likely to drop to about 1.3 M in 2024. Tax Provision is likely to climb to about (45.6 K) in 2024
 2021 2022 2023 2024 (projected)
Reconciled Depreciation194K262K265K206.1K
Depreciation And Amortization194K262K301.3K184.8K

Water Ways fundamental ratios Correlations

0.920.260.290.750.790.950.740.950.940.99-0.560.80.340.690.25-0.430.640.20.80.840.720.710.80.710.75
0.920.070.560.730.60.910.740.890.950.91-0.720.910.580.840.28-0.520.760.110.90.870.870.850.870.690.47
0.260.070.230.09-0.080.17-0.370.37-0.060.280.520.06-0.17-0.23-0.230.58-0.01-0.330.1-0.030.080.07-0.090.730.3
0.290.560.230.25-0.280.350.060.340.30.3-0.360.670.750.570.0-0.10.46-0.20.670.420.740.720.480.67-0.31
0.750.730.090.250.550.730.540.740.740.74-0.440.580.180.510.1-0.360.550.050.630.560.530.530.570.480.51
0.790.6-0.08-0.280.550.70.860.660.80.78-0.540.490.060.510.28-0.540.350.480.410.680.30.290.60.210.9
0.950.910.170.350.730.70.70.870.930.91-0.60.820.420.70.26-0.570.620.280.730.840.730.710.730.670.63
0.740.74-0.370.060.540.860.70.60.880.74-0.870.730.450.830.32-0.740.470.520.620.810.510.510.790.180.61
0.950.890.370.340.740.660.870.60.860.96-0.390.690.220.560.22-0.20.65-0.110.760.690.660.640.680.750.68
0.940.95-0.060.30.740.80.930.880.860.93-0.770.850.470.830.33-0.640.670.290.80.890.740.730.860.520.64
0.990.910.280.30.740.780.910.740.960.93-0.540.790.330.690.24-0.370.620.150.810.830.70.690.80.720.76
-0.56-0.720.52-0.36-0.44-0.54-0.6-0.87-0.39-0.77-0.54-0.81-0.75-0.94-0.330.87-0.57-0.55-0.67-0.82-0.7-0.69-0.84-0.17-0.22
0.80.910.060.670.580.490.820.730.690.850.79-0.810.810.950.22-0.610.640.360.870.920.880.870.90.70.36
0.340.58-0.170.750.180.060.420.450.220.470.33-0.750.810.820.37-0.530.350.390.620.730.730.710.690.42-0.12
0.690.84-0.230.570.510.510.70.830.560.830.69-0.940.950.820.23-0.720.590.430.820.880.80.790.890.460.28
0.250.28-0.230.00.10.280.260.320.220.330.24-0.330.220.370.23-0.220.10.20.090.490.240.230.330.010.2
-0.43-0.520.58-0.1-0.36-0.54-0.57-0.74-0.2-0.64-0.370.87-0.61-0.53-0.72-0.22-0.47-0.74-0.42-0.68-0.53-0.52-0.640.01-0.22
0.640.76-0.010.460.550.350.620.470.650.670.62-0.570.640.350.590.1-0.47-0.050.710.590.860.850.740.520.26
0.20.11-0.33-0.20.050.480.280.52-0.110.290.15-0.550.360.390.430.2-0.74-0.050.040.510.130.130.35-0.090.35
0.80.90.10.670.630.410.730.620.760.80.81-0.670.870.620.820.09-0.420.710.040.780.880.890.90.680.29
0.840.87-0.030.420.560.680.840.810.690.890.83-0.820.920.730.880.49-0.680.590.510.780.810.810.930.580.54
0.720.870.080.740.530.30.730.510.660.740.7-0.70.880.730.80.24-0.530.860.130.880.811.00.890.710.2
0.710.850.070.720.530.290.710.510.640.730.69-0.690.870.710.790.23-0.520.850.130.890.811.00.90.690.19
0.80.87-0.090.480.570.60.730.790.680.860.8-0.840.90.690.890.33-0.640.740.350.90.930.890.90.560.44
0.710.690.730.670.480.210.670.180.750.520.72-0.170.70.420.460.010.010.52-0.090.680.580.710.690.560.39
0.750.470.3-0.310.510.90.630.610.680.640.76-0.220.36-0.120.280.2-0.220.260.350.290.540.20.190.440.39
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Water Ways Account Relationship Matchups

Water Ways fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.5M7.9M12.1M9.2M4.4M3.1M
Total Current Liabilities4.7M5.5M6.1M4.8M4.6M4.8M
Total Stockholder Equity1.7M543K(831K)1.7M(1.3M)(1.2M)
Accounts Payable2.7M3.7M4.3M2.7M2.2M2.1M
Cash237K319K2.6M1.1M199K189.1K
Net Receivables4.3M3.9M5.1M2.9M1.3M1.5M
Total Liab4.8M7.4M12.9M7.5M6.1M6.4M
Total Current Assets5.5M5.5M9.7M6.9M3.7M2.5M
Retained Earnings(1.3M)(2.5M)(7.9M)(5.8M)(9.0M)(8.6M)
Other Current Assets176K205K66K711K817.7K858.5K
Other Current Liab269K278K500K228K262.2K323.6K
Net Tangible Assets2.6M1.2M(1.5M)(2.7M)(2.4M)(2.3M)
Other Assets18K274K190K164K188.6K134.4K
Long Term Debt116K265K489K645K412K394.2K
Inventory852K1.0M2.0M2.2M1.7M1.3M
Short Long Term Debt1.7M1.4M885K1.7M1.9M1.2M
Short Term Debt1.7M1.4M903K1.8M2.0M1.1M
Property Plant Equipment212K298K243K361K415.2K265.8K

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Additional Tools for Water Stock Analysis

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