TDb Average Payables vs Ev To Sales Analysis

XTD Stock

CAD 1.90 0.08 4.04%

TDb Split financial indicator trend analysis is much more than just breaking down TDb Split Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TDb Split Corp is a good investment. Please check the relationship between TDb Split Average Payables and its Ev To Sales accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in TDb Split Corp. 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.

Average Payables vs Ev To Sales

Average Payables vs Ev To Sales Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TDb Split Corp Average Payables account and Ev To Sales. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between TDb Split's Average Payables and Ev To Sales is -0.12. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of TDb Split Corp, assuming nothing else is changed. The correlation between historical values of TDb Split's Average Payables and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of TDb Split Corp are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Average Payables i.e., TDb Split's Average Payables and Ev To Sales go up and down completely randomly.

Correlation Coefficient

-0.12

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.

Most indicators from TDb Split's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TDb Split Corp 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 TDb Split Corp. 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, TDb Split's Selling General Administrative is very stable compared to the past year. As of the 10th of December 2024, Issuance Of Capital Stock is likely to grow to about 13.8 M, while Sales General And Administrative To Revenue is likely to drop (0.05).

TDb Split fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	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	Other Stockholder Equity	Total Liab	Total Current Assets	Other Assets	Common Stock Total Equity	Common Stock	Net Tangible Assets	Short Term Investments	Long Term Investments	Capital Stock	Short Long Term Debt Total	Current Deferred Revenue
Total Assets		-0.29	0.47	0.72	0.13	0.62	0.31	0.54	0.91	-0.83	0.49	-0.4	0.62	0.44	0.47	0.48	0.49	0.45	0.64	0.37	0.63	0.68	0.68	-0.18	0.83	-0.77
Other Current Liab	-0.29		-0.79	0.12	0.61	0.05	-0.97	-0.73	-0.03	-0.01	-0.77	0.36	-0.72	-0.86	-0.26	-0.66	-0.77	-0.37	-0.01	0.14	-0.48	-0.23	-0.24	0.52	-0.61	0.58
Total Current Liabilities	0.47	-0.79		0.0	-0.68	0.02	0.88	0.97	0.19	-0.14	1.0	-0.2	0.97	0.88	0.52	0.82	1.0	0.32	0.26	-0.11	0.47	0.24	0.26	-0.79	0.77	-0.74
Total Stockholder Equity	0.72	0.12	0.0		0.37	0.78	-0.09	0.03	0.9	-0.91	0.01	-0.46	0.17	0.05	0.06	0.16	0.01	0.49	0.65	0.79	0.53	0.59	0.59	0.0	0.29	-0.31
Net Debt	0.13	0.61	-0.68	0.37		0.22	-0.65	-0.55	0.39	-0.44	-0.64	-0.06	-0.51	-0.55	0.14	-0.61	-0.64	-0.09	0.01	0.35	-0.09	0.4	0.38	0.51	-0.13	0.06
Retained Earnings	0.62	0.05	0.02	0.78	0.22		-0.06	0.1	0.71	-0.72	0.05	-0.51	0.16	0.13	-0.13	0.12	0.04	0.73	0.53	0.34	0.09	0.18	0.2	0.08	0.2	-0.22
Accounts Payable	0.31	-0.97	0.88	-0.09	-0.65	-0.06		0.83	0.06	-0.02	0.87	-0.33	0.83	0.91	0.34	0.74	0.87	0.39	0.07	-0.11	0.49	0.26	0.27	-0.72	0.65	-0.63
Cash	0.54	-0.73	0.97	0.03	-0.55	0.1	0.83		0.25	-0.21	0.99	-0.3	0.97	0.85	0.61	0.78	0.99	0.38	0.33	-0.15	0.4	0.26	0.28	-0.77	0.82	-0.81
Non Current Assets Total	0.91	-0.03	0.19	0.9	0.39	0.71	0.06	0.25		-0.98	0.21	-0.38	0.38	0.21	0.33	0.29	0.21	0.44	0.61	0.63	0.58	0.76	0.77	-0.07	0.61	-0.61
Non Currrent Assets Other	-0.83	-0.01	-0.14	-0.91	-0.44	-0.72	-0.02	-0.21	-0.98		-0.16	0.37	-0.34	-0.17	-0.31	-0.26	-0.16	-0.44	-0.56	-0.67	-0.51	-0.76	-0.77	0.08	-0.53	0.59
Cash And Short Term Investments	0.49	-0.77	1.0	0.01	-0.64	0.05	0.87	0.99	0.21	-0.16		-0.23	0.98	0.87	0.55	0.81	1.0	0.34	0.29	-0.13	0.45	0.25	0.27	-0.79	0.79	-0.77
Net Receivables	-0.4	0.36	-0.2	-0.46	-0.06	-0.51	-0.33	-0.3	-0.38	0.37	-0.23		-0.25	-0.29	0.02	-0.14	-0.22	-0.73	-0.6	-0.36	-0.36	-0.28	-0.24	0.14	-0.29	0.31
Common Stock Shares Outstanding	0.62	-0.72	0.97	0.17	-0.51	0.16	0.83	0.97	0.38	-0.34	0.98	-0.25		0.86	0.62	0.81	0.98	0.39	0.33	-0.02	0.51	0.39	0.41	-0.78	0.86	-0.85
Non Current Liabilities Total	0.44	-0.86	0.88	0.05	-0.55	0.13	0.91	0.85	0.21	-0.17	0.87	-0.29	0.86		0.44	0.71	0.87	0.37	0.19	-0.08	0.44	0.28	0.3	-0.71	0.7	-0.68
Other Stockholder Equity	0.47	-0.26	0.52	0.06	0.14	-0.13	0.34	0.61	0.33	-0.31	0.55	0.02	0.62	0.44		0.25	0.55	-0.13	0.11	-0.06	0.37	0.5	0.5	-0.43	0.71	-0.73
Total Liab	0.48	-0.66	0.82	0.16	-0.61	0.12	0.74	0.78	0.29	-0.26	0.81	-0.14	0.81	0.71	0.25		0.81	0.32	0.27	0.08	0.48	0.31	0.34	-0.67	0.67	-0.65
Total Current Assets	0.49	-0.77	1.0	0.01	-0.64	0.04	0.87	0.99	0.21	-0.16	1.0	-0.22	0.98	0.87	0.55	0.81		0.34	0.29	-0.13	0.45	0.24	0.27	-0.79	0.79	-0.77
Other Assets	0.45	-0.37	0.32	0.49	-0.09	0.73	0.39	0.38	0.44	-0.44	0.34	-0.73	0.39	0.37	-0.13	0.32	0.34		0.37	0.19	0.17	0.19	0.22	-0.32	0.32	-0.32
Common Stock Total Equity	0.64	-0.01	0.26	0.65	0.01	0.53	0.07	0.33	0.61	-0.56	0.29	-0.6	0.33	0.19	0.11	0.27	0.29	0.37		0.57	0.45	0.31	0.27	-0.15	0.4	-0.34
Common Stock	0.37	0.14	-0.11	0.79	0.35	0.34	-0.11	-0.15	0.63	-0.67	-0.13	-0.36	-0.02	-0.08	-0.06	0.08	-0.13	0.19	0.57		0.61	0.64	0.62	-0.04	0.09	-0.14
Net Tangible Assets	0.63	-0.48	0.47	0.53	-0.09	0.09	0.49	0.4	0.58	-0.51	0.45	-0.36	0.51	0.44	0.37	0.48	0.45	0.17	0.45	0.61		0.76	0.73	-0.27	0.63	-0.57
Short Term Investments	0.68	-0.23	0.24	0.59	0.4	0.18	0.26	0.26	0.76	-0.76	0.25	-0.28	0.39	0.28	0.5	0.31	0.24	0.19	0.31	0.64	0.76		0.99	-0.23	0.67	-0.7
Long Term Investments	0.68	-0.24	0.26	0.59	0.38	0.2	0.27	0.28	0.77	-0.77	0.27	-0.24	0.41	0.3	0.5	0.34	0.27	0.22	0.27	0.62	0.73	0.99		-0.27	0.68	-0.72
Capital Stock	-0.18	0.52	-0.79	0.0	0.51	0.08	-0.72	-0.77	-0.07	0.08	-0.79	0.14	-0.78	-0.71	-0.43	-0.67	-0.79	-0.32	-0.15	-0.04	-0.27	-0.23	-0.27		-0.5	0.52
Short Long Term Debt Total	0.83	-0.61	0.77	0.29	-0.13	0.2	0.65	0.82	0.61	-0.53	0.79	-0.29	0.86	0.7	0.71	0.67	0.79	0.32	0.4	0.09	0.63	0.67	0.68	-0.5		-0.96
Current Deferred Revenue	-0.77	0.58	-0.74	-0.31	0.06	-0.22	-0.63	-0.81	-0.61	0.59	-0.77	0.31	-0.85	-0.68	-0.73	-0.65	-0.77	-0.32	-0.34	-0.14	-0.57	-0.7	-0.72	0.52	-0.96

Click cells to compare fundamentals

TDb Split Account Relationship Matchups

TDb Split fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	60.5M	87.1M	89.7M	88.7M	102.0M	53.3M
Other Current Liab	(286.4K)	(675.2K)	(610.0K)	(1.6M)	(1.4M)	(1.3M)
Total Current Liabilities	286.4K	675.2K	610.0K	74.2M	85.3M	89.5M
Total Stockholder Equity	10.4M	26.9M	24.1M	14.8M	17.1M	14.7M
Net Debt	36.2M	57.4M	55.9M	(31.3M)	(36.0M)	(34.2M)
Accounts Payable	286.4K	675.2K	610.0K	1.6M	1.8M	1.9M
Cash	13.4M	2.0M	8.9M	31.3M	36.0M	37.8M
Non Current Assets Total	47.2M	85.1M	80.9M	57.4M	66.0M	47.2M
Non Currrent Assets Other	(47.2M)	(85.1M)	(80.9M)	(57.4M)	(51.7M)	(54.2M)
Cash And Short Term Investments	13.4M	2.0M	8.9M	88.7M	102.0M	107.1M
Net Receivables	863.0	941.0	1.1K	995.0	895.5	850.72
Common Stock Shares Outstanding	3.4M	4.9M	5.6M	14.4M	16.5M	17.4M
Liabilities And Stockholders Equity	60.5M	87.1M	89.7M	88.7M	102.0M	53.3M
Non Current Liabilities Total	555.5K	739.2K	610.0K	1.7M	1.9M	2.0M
Total Liab	286.4K	675.2K	65.6M	73.8M	84.9M	89.2M
Total Current Assets	13.4M	2.0M	8.9M	88.7M	102.0M	107.1M
Common Stock	10.4M	26.9M	24.1M	14.8M	17.1M	19.7M
Net Tangible Assets	19.8M	10.4M	26.9M	24.1M	27.7M	21.1M
Short Term Investments	47.2M	85.1M	80.9M	57.4M	66.0M	62.9M
Long Term Investments	47.2M	85.1M	80.9M	57.4M	66.0M	65.3M
Short Long Term Debt Total	49.5M	59.4M	64.8M	72.2M	83.0M	61.5M
Current Deferred Revenue	(49.3M)	(58.7M)	(64.1M)	(70.6M)	(63.5M)	(66.7M)
Short Term Debt	49.5M	59.4M	64.8M	72.2M	83.0M	61.5M

Pair Trading with TDb Split

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

Moving against TDb Stock

0.55	WMT	Walmart Inc CDR	Pair Corr
0.53	COST	Costco Wholesale Corp Earnings Call This Week	Pair Corr
0.51	AMZN	Amazon CDR	Pair Corr
0.43	BRK	Berkshire Hathaway CDR	Pair Corr

The ability to find closely correlated positions to TDb Split could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TDb Split 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 TDb Split - 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 TDb Split Corp to buy it.

The correlation of TDb Split 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 TDb Split moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TDb Split Corp 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 TDb Split 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 TDb Stock

Balance Sheet is a snapshot of the financial position of TDb Split Corp at a specified time, usually calculated after every quarter, six months, or one year. TDb Split Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of TDb Split 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 TDb currently owns. An asset can also be divided into two categories, current and non-current.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

TDb Average Payables vs Ev To Sales Analysis

Average Payables vs Ev To Sales

Average Payables vs Ev To Sales Correlation Analysis

Correlation Coefficient

Average Payables

Ev To Sales

TDb Split fundamental ratios Correlations

TDb Split Account Relationship Matchups

High Positive Relationship

High Negative Relationship

TDb Split fundamental ratios Accounts

Pair Trading with TDb Split

Moving against TDb Stock

Other Information on Investing in TDb Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Cash And Short Term Investments
Cash And Short Term Investments	+ 0.99	Cash
Total Current Assets	+ 0.99	Cash
Long Term Investments	+ 0.99	Short Term Investments

Non Currrent Assets Other	- 0.98	Non Current Assets Total
Accounts Payable	- 0.97	Other Current Liab
Current Deferred Revenue	- 0.96	Short Long Term Debt Total
Non Currrent Assets Other	- 0.91	Total Stockholder Equity
Non Current Liabilities Total	- 0.86	Other Current Liab
Current Deferred Revenue	- 0.85	Common Stock Shares Outstanding