Zai Price To Sales Ratio vs Payables Turnover Analysis

ZLAB Stock  USD 27.73  1.18  4.08%   
Zai Lab financial indicator trend analysis is more than just analyzing Zai Lab current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zai Lab is a good investment. Please check the relationship between Zai Lab Price To Sales Ratio and its Payables Turnover accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zai Lab. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For information on how to trade Zai Stock refer to our How to Trade Zai Stock guide.

Price To Sales Ratio vs Payables Turnover

Price To Sales Ratio vs Payables Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zai Lab Price To Sales Ratio account and Payables Turnover. At this time, the significance of the direction appears to have pay attention.
The correlation between Zai Lab's Price To Sales Ratio and Payables Turnover is -0.81. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Payables Turnover in the same time period over historical financial statements of Zai Lab, assuming nothing else is changed. The correlation between historical values of Zai Lab's Price To Sales Ratio and Payables 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 Zai Lab are associated (or correlated) with its Payables Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Payables Turnover has no effect on the direction of Price To Sales Ratio i.e., Zai Lab's Price To Sales Ratio and Payables Turnover go up and down completely randomly.

Correlation Coefficient

-0.81
Relationship DirectionNegative 
Relationship StrengthSignificant

Price To Sales Ratio

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

Payables Turnover

A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.
Most indicators from Zai Lab's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zai Lab 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 Zai Lab. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For information on how to trade Zai Stock refer to our How to Trade Zai Stock guide.At present, Zai Lab's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 1.49, whereas Issuance Of Capital Stock is forecasted to decline to 0.00.
 2021 2022 2023 2024 (projected)
Interest Expense3.4M14.6M16.8M17.6M
Depreciation And Amortization12.6M17.7M9.0M6.7M

Zai Lab fundamental ratios Correlations

0.120.861.00.920.950.92-0.91-0.80.880.930.961.00.890.81-0.030.840.840.960.850.840.671.00.770.910.83
0.120.10.10.190.130.07-0.21-0.160.040.20.070.11-0.090.160.28-0.060.080.130.18-0.02-0.20.120.23-0.040.11
0.860.10.840.980.960.87-0.93-0.970.990.870.890.840.80.81-0.040.880.810.910.860.870.570.860.930.870.96
1.00.10.840.910.950.91-0.89-0.780.860.910.951.00.890.78-0.090.840.820.940.810.830.661.00.750.90.81
0.920.190.980.910.980.89-0.96-0.950.970.920.910.910.80.80.00.850.840.940.880.860.570.920.90.870.94
0.950.130.960.950.980.91-0.93-0.910.960.90.940.950.870.8-0.080.90.820.940.840.870.630.950.90.910.93
0.920.070.870.910.890.91-0.91-0.890.850.930.980.890.940.89-0.090.910.960.970.840.950.730.910.830.970.92
-0.91-0.21-0.93-0.89-0.96-0.93-0.910.93-0.9-0.98-0.89-0.89-0.79-0.76-0.02-0.79-0.91-0.95-0.87-0.87-0.59-0.91-0.8-0.86-0.9
-0.8-0.16-0.97-0.78-0.95-0.91-0.890.93-0.92-0.87-0.86-0.77-0.77-0.810.01-0.85-0.88-0.9-0.84-0.89-0.55-0.8-0.92-0.85-0.98
0.880.040.990.860.970.960.85-0.9-0.920.850.890.860.80.78-0.070.870.760.890.850.840.580.870.90.870.92
0.930.20.870.910.920.90.93-0.98-0.870.850.910.910.820.770.030.760.930.970.880.880.620.930.730.880.84
0.960.070.890.950.910.940.98-0.89-0.860.890.910.940.950.89-0.090.930.880.970.850.920.750.950.850.970.89
1.00.110.841.00.910.950.89-0.89-0.770.860.910.940.870.78-0.030.820.810.930.830.810.661.00.740.890.8
0.89-0.090.80.890.80.870.94-0.79-0.770.80.820.950.870.77-0.220.940.820.90.730.950.840.880.770.990.83
0.810.160.810.780.80.80.89-0.76-0.810.780.770.890.780.770.030.790.840.860.810.760.520.80.830.810.83
-0.030.28-0.04-0.090.0-0.08-0.09-0.020.01-0.070.03-0.09-0.03-0.220.03-0.23-0.03-0.040.36-0.170.13-0.03-0.05-0.19-0.09
0.84-0.060.880.840.850.90.91-0.79-0.850.870.760.930.820.940.79-0.230.780.850.70.910.770.830.90.950.92
0.840.080.810.820.840.820.96-0.91-0.880.760.930.880.810.820.84-0.030.780.940.80.890.60.830.730.870.86
0.960.130.910.940.940.940.97-0.95-0.90.890.970.970.930.90.86-0.040.850.940.90.930.670.950.820.940.9
0.850.180.860.810.880.840.84-0.87-0.840.850.880.850.830.730.810.360.70.80.90.790.660.850.770.790.8
0.84-0.020.870.830.860.870.95-0.87-0.890.840.880.920.810.950.76-0.170.910.890.930.790.780.830.830.970.91
0.67-0.20.570.660.570.630.73-0.59-0.550.580.620.750.660.840.520.130.770.60.670.660.780.670.550.810.62
1.00.120.861.00.920.950.91-0.91-0.80.870.930.951.00.880.8-0.030.830.830.950.850.830.670.760.90.82
0.770.230.930.750.90.90.83-0.8-0.920.90.730.850.740.770.83-0.050.90.730.820.770.830.550.760.830.96
0.91-0.040.870.90.870.910.97-0.86-0.850.870.880.970.890.990.81-0.190.950.870.940.790.970.810.90.830.9
0.830.110.960.810.940.930.92-0.9-0.980.920.840.890.80.830.83-0.090.920.860.90.80.910.620.820.960.9
Click cells to compare fundamentals

Zai Lab Account Relationship Matchups

Zai Lab fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets355.2M1.3B1.6B1.2B1.0B754.6M
Other Current Liab10.3M24.0M46.1M45.5M58.9M61.8M
Total Current Liabilities46.6M98.0M192.9M139.8M203.1M213.2M
Total Stockholder Equity294.7M1.2B1.4B1.0B796.1M623.6M
Other Liab2.9M16.9M27.5M21.4M24.6M25.8M
Net Tangible Assets285.9M1.2B1.4B1.0B1.2B1.3B
Property Plant And Equipment Net36.9M47.1M58.3M78.8M68.7M39.8M
Net Debt(54.2M)(423.5M)(948.6M)(988.1M)(775M)(736.3M)
Retained Earnings(444.7M)(713.6M)(1.4B)(1.9B)(2.2B)(2.1B)
Accounts Payable22.7M62.6M126.2M66.0M113.0M118.6M
Cash75.9M442.1M964.1M1.0B790.2M448.6M
Non Current Assets Total62.7M81.6M109.1M95.8M96.7M61.5M
Cash And Short Term Investments275.9M1.2B1.4B1.0B806.5M644.9M
Common Stock Total Equity3.0K3.5K4K5K5.8K3.0K
Common Stock Shares Outstanding87.8M77.7M93.0M95.8M96.6M76.3M
Liabilities And Stockholders Equity355.2M1.3B1.6B1.2B1.0B754.6M
Non Current Liabilities Total13.9M30.3M37.1M34.7M37.1M28.5M
Other Current Assets6.7M10.9M18.0M35.7M23.0M12.4M
Other Stockholder Equity734.7M1.9B2.8B2.9B3.0B1.5B
Total Liab60.5M128.3M230M174.5M240.2M131.0M
Total Current Assets292.5M1.2B1.5B1.1B939.6M693.0M
Accumulated Other Comprehensive Income4.6M(14.5M)(23.6M)25.7M37.6M39.5M
Intangible Assets8.8M9.4M9.7M8.4M16.5M17.3M
Common Stock3.5K4.1K5K6K6.9K4.2K
Property Plant Equipment36.4M46.9M57.3M77.4M89.0M93.4M
Non Currrent Assets Other510.2K743K803K2.2M2.3M2.4M
Other Assets15.1M110.1M26.5M3.6M4.1M3.9M
Long Term Investments2.4M1.3M15.6M6.4M9.2M5.5M
Current Deferred Revenue2.9M24.7M27.5M21.4M19.2M18.3M
Net Invested Capital301.1M1.2B1.4B1.0B796.1M814.3M
Net Working Capital245.8M1.1B1.3B984.5M736.5M759.3M
Short Term Debt10.8M10.4M11.9M7.1M14.2M13.5M
Short Long Term Debt Total21.8M18.6M15.5M20.4M15.2M17.4M
Net Receivables3.8M5.2M54.8M48.6M65.3M68.6M
Short Term Investments200M744.7M445M0.016.3M15.5M
Inventory6.0M13.1M19.0M31.6M44.8M47.1M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Zai Lab offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Zai Lab'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 Zai Lab Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Zai Lab Stock:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zai Lab. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For information on how to trade Zai Stock refer to our How to Trade Zai Stock guide.
You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Is Biotechnology 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 Zai Lab. If investors know Zai 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 Zai Lab listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(2.80)
Revenue Per Share
3.647
Quarterly Revenue Growth
0.477
Return On Assets
(0.21)
Return On Equity
(0.35)
The market value of Zai Lab is measured differently than its book value, which is the value of Zai that is recorded on the company's balance sheet. Investors also form their own opinion of Zai Lab's value that differs from its market value or its book value, called intrinsic value, which is Zai Lab'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 Zai Lab's market value can be influenced by many factors that don't directly affect Zai Lab'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 Zai Lab's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zai Lab is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zai Lab'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.