Artesian Price To Sales Ratio vs Capex To Depreciation Analysis

ARTNA Stock

USD 34.74 0.17 0.49%

Artesian Resources financial indicator trend analysis is way more than just evaluating Artesian Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Artesian Resources is a good investment. Please check the relationship between Artesian Resources Price To Sales Ratio and its Capex To Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Artesian Resources. 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.

For information on how to trade Artesian Stock refer to our How to Trade Artesian Stock guide.

Price To Sales Ratio vs Capex To Depreciation

Price To Sales Ratio vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Artesian Resources Price To Sales Ratio account and Capex To Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Artesian Resources' Price To Sales Ratio and Capex To Depreciation is -0.2. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Artesian Resources, assuming nothing else is changed. The correlation between historical values of Artesian Resources' Price To Sales Ratio and Capex To Depreciation 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 Artesian Resources are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Price To Sales Ratio i.e., Artesian Resources' Price To Sales Ratio and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

-0.2

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Price To Sales Ratio

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

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Most indicators from Artesian Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Artesian Resources 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Artesian Resources. 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.

For information on how to trade Artesian Stock refer to our How to Trade Artesian Stock guide.At present, Artesian Resources' Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 39.1 M, whereas Tax Provision is forecasted to decline to about 5.1 M.

	2021	2022	2023	2024 (projected)
Interest Expense	7.6M	8.5M	9.2M	6.6M
Depreciation And Amortization	11.9M	12.6M	13.3M	7.5M

Interest Expense Depreciation And Amortization

Artesian Resources fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		0.94	-0.53	0.52	0.77	1.0	0.74	0.96	0.76	0.83	0.35	1.0	-0.41	0.35	0.84	0.82	0.82	0.81	0.48	0.66	0.21	1.0	0.75	0.67	0.11	0.8
Short Long Term Debt Total	0.94		-0.61	0.58	0.74	0.94	0.82	0.99	0.69	0.66	0.26	0.94	-0.32	0.26	0.79	0.85	0.85	0.78	0.43	0.65	0.15	0.94	0.72	0.62	0.21	0.84
Other Current Liab	-0.53	-0.61		-0.08	-0.56	-0.54	-0.82	-0.55	-0.33	-0.18	-0.06	-0.53	0.25	-0.06	-0.41	-0.78	-0.8	-0.52	-0.17	-0.27	-0.44	-0.49	-0.39	-0.35	0.06	-0.8
Total Current Liabilities	0.52	0.58	-0.08		0.32	0.52	0.3	0.63	0.47	0.57	-0.17	0.53	-0.49	-0.17	0.35	0.28	0.32	0.39	0.06	0.47	-0.12	0.56	0.41	0.27	0.8	0.3
Total Stockholder Equity	0.77	0.74	-0.56	0.32		0.77	0.81	0.75	0.93	0.61	0.71	0.77	-0.11	0.71	0.67	0.64	0.7	0.99	0.8	0.85	0.2	0.77	0.96	0.92	-0.24	0.64
Property Plant And Equipment Net	1.0	0.94	-0.54	0.52	0.77		0.75	0.96	0.75	0.82	0.33	1.0	-0.42	0.33	0.83	0.83	0.82	0.8	0.46	0.65	0.22	1.0	0.75	0.66	0.12	0.81
Current Deferred Revenue	0.74	0.82	-0.82	0.3	0.81	0.75		0.77	0.59	0.41	0.34	0.74	-0.21	0.34	0.62	0.91	0.95	0.79	0.42	0.52	0.5	0.72	0.67	0.63	-0.1	0.93
Net Debt	0.96	0.99	-0.55	0.63	0.75	0.96	0.77		0.74	0.73	0.27	0.96	-0.36	0.27	0.78	0.8	0.8	0.8	0.45	0.69	0.09	0.96	0.75	0.64	0.25	0.79
Retained Earnings	0.76	0.69	-0.33	0.47	0.93	0.75	0.59	0.74		0.75	0.69	0.76	-0.21	0.69	0.63	0.43	0.49	0.95	0.8	0.92	-0.07	0.77	0.97	0.9	-0.08	0.42
Accounts Payable	0.83	0.66	-0.18	0.57	0.61	0.82	0.41	0.73	0.75		0.33	0.83	-0.57	0.33	0.65	0.47	0.49	0.67	0.4	0.59	0.06	0.85	0.69	0.57	0.14	0.46
Cash	0.35	0.26	-0.06	-0.17	0.71	0.33	0.34	0.27	0.69	0.33		0.34	0.34	1.0	0.49	0.15	0.17	0.7	0.93	0.68	-0.03	0.35	0.75	0.86	-0.66	0.12
Non Current Assets Total	1.0	0.94	-0.53	0.53	0.77	1.0	0.74	0.96	0.76	0.83	0.34		-0.41	0.34	0.84	0.82	0.82	0.81	0.47	0.65	0.21	1.0	0.75	0.66	0.12	0.8
Non Currrent Assets Other	-0.41	-0.32	0.25	-0.49	-0.11	-0.42	-0.21	-0.36	-0.21	-0.57	0.34	-0.41		0.34	-0.21	-0.31	-0.35	-0.17	0.28	-0.01	-0.2	-0.42	-0.09	0.05	-0.4	-0.33
Cash And Short Term Investments	0.35	0.26	-0.06	-0.17	0.71	0.33	0.34	0.27	0.69	0.33	1.0	0.34	0.34		0.49	0.15	0.17	0.7	0.93	0.68	-0.03	0.35	0.75	0.86	-0.66	0.12
Net Receivables	0.84	0.79	-0.41	0.35	0.67	0.83	0.62	0.78	0.63	0.65	0.49	0.84	-0.21	0.49		0.7	0.68	0.71	0.6	0.57	0.31	0.84	0.66	0.74	-0.02	0.68
Common Stock Total Equity	0.82	0.85	-0.78	0.28	0.64	0.83	0.91	0.8	0.43	0.47	0.15	0.82	-0.31	0.15	0.7		0.99	0.63	0.23	0.34	0.59	0.79	0.5	0.45	-0.01	1.0
Common Stock Shares Outstanding	0.82	0.85	-0.8	0.32	0.7	0.82	0.95	0.8	0.49	0.49	0.17	0.82	-0.35	0.17	0.68	0.99		0.68	0.25	0.36	0.61	0.79	0.54	0.5	0.0	0.99
Non Current Liabilities Total	0.81	0.78	-0.52	0.39	0.99	0.8	0.79	0.8	0.95	0.67	0.7	0.81	-0.17	0.7	0.71	0.63	0.68		0.8	0.87	0.14	0.81	0.97	0.93	-0.18	0.63
Inventory	0.48	0.43	-0.17	0.06	0.8	0.46	0.42	0.45	0.8	0.4	0.93	0.47	0.28	0.93	0.6	0.23	0.25	0.8		0.83	-0.07	0.49	0.87	0.94	-0.44	0.2
Other Current Assets	0.66	0.65	-0.27	0.47	0.85	0.65	0.52	0.69	0.92	0.59	0.68	0.65	-0.01	0.68	0.57	0.34	0.36	0.87	0.83		-0.26	0.68	0.94	0.88	-0.01	0.32
Other Stockholder Equity	0.21	0.15	-0.44	-0.12	0.2	0.22	0.5	0.09	-0.07	0.06	-0.03	0.21	-0.2	-0.03	0.31	0.59	0.61	0.14	-0.07	-0.26		0.17	0.0	0.09	-0.22	0.6
Total Liab	1.0	0.94	-0.49	0.56	0.77	1.0	0.72	0.96	0.77	0.85	0.35	1.0	-0.42	0.35	0.84	0.79	0.79	0.81	0.49	0.68	0.17		0.77	0.67	0.14	0.77
Property Plant And Equipment Gross	0.75	0.72	-0.39	0.41	0.96	0.75	0.67	0.75	0.97	0.69	0.75	0.75	-0.09	0.75	0.66	0.5	0.54	0.97	0.87	0.94	0.0	0.77		0.95	-0.16	0.48
Total Current Assets	0.67	0.62	-0.35	0.27	0.92	0.66	0.63	0.64	0.9	0.57	0.86	0.66	0.05	0.86	0.74	0.45	0.5	0.93	0.94	0.88	0.09	0.67	0.95		-0.29	0.44
Short Term Debt	0.11	0.21	0.06	0.8	-0.24	0.12	-0.1	0.25	-0.08	0.14	-0.66	0.12	-0.4	-0.66	-0.02	-0.01	0.0	-0.18	-0.44	-0.01	-0.22	0.14	-0.16	-0.29		0.01
Common Stock	0.8	0.84	-0.8	0.3	0.64	0.81	0.93	0.79	0.42	0.46	0.12	0.8	-0.33	0.12	0.68	1.0	0.99	0.63	0.2	0.32	0.6	0.77	0.48	0.44	0.01

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Artesian Resources Account Relationship Matchups

Artesian Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	560.4M	593.2M	625.2M	719.8M	766.8M	384.9M
Short Long Term Debt Total	153.8M	171.3M	172.0M	198.3M	181.1M	119.2M
Other Current Liab	6.2M	6.5M	6.4M	8.5M	7.5M	7.6M
Total Current Liabilities	25.6M	43.7M	47.7M	44.1M	22.4M	26.6M
Total Stockholder Equity	160.3M	169.4M	178.0M	187.9M	230.4M	241.9M
Property Plant And Equipment Net	535.0M	563.8M	594.6M	672.2M	718.5M	361.6M
Current Deferred Revenue	2.0M	2.1M	2.3M	2.5M	3.0M	3.1M
Net Debt	153.2M	171.3M	171.9M	197.0M	178.6M	115.6M
Retained Earnings	49.2M	56.6M	63.6M	71.3M	76.7M	80.6M
Accounts Payable	8.2M	6.3M	10.2M	10.9M	9.7M	5.3M
Cash	596K	28K	92K	1.3M	2.5M	2.6M
Non Current Assets Total	546.2M	575.6M	606.1M	692.0M	736.2M	370.5M
Non Currrent Assets Other	(41.1M)	(43.5M)	(41.7M)	(47.1M)	15.8M	16.6M
Cash And Short Term Investments	596K	28K	92K	1.3M	2.5M	2.6M
Net Receivables	8.1M	12.0M	8.9M	16.7M	16.6M	9.0M
Common Stock Total Equity	9.3M	9.4M	9.4M	9.5M	10.9M	6.8M
Common Stock Shares Outstanding	9.3M	9.4M	9.4M	9.5M	10.0M	7.8M
Liabilities And Stockholders Equity	560.4M	593.2M	625.2M	719.8M	766.8M	384.9M
Non Current Liabilities Total	374.5M	380.1M	399.5M	487.8M	514.0M	539.7M
Inventory	1.3M	1.5M	1.9M	4.7M	6.0M	6.3M
Other Current Assets	2.3M	4.1M	5.0M	5.1M	5.6M	5.8M
Other Stockholder Equity	101.8M	103.5M	105.0M	107.1M	143.4M	118.8M
Total Liab	400.1M	423.8M	447.2M	531.9M	536.4M	278.2M
Property Plant And Equipment Gross	535.0M	563.8M	754.9M	846.2M	904.7M	949.9M
Total Current Assets	14.2M	17.6M	19.2M	27.8M	30.6M	32.1M
Short Term Debt	9.2M	28.7M	28.3M	19.7M	2.3M	2.1M
Common Stock	9.3M	9.4M	9.4M	9.5M	10.3M	6.9M
Other Liab	229.9M	237.3M	256.2M	311.7M	358.5M	376.4M
Other Assets	11.1M	575.6M	15.6M	17.8M	20.5M	36.4M
Long Term Debt	144.2M	142.3M	143.3M	175.6M	178.3M	119.8M
Property Plant Equipment	530.7M	559.6M	590.4M	668.0M	768.2M	396.5M
Good Will	288K	623K	0.0	1.9M	2.2M	2.3M
Net Tangible Assets	453.9M	472.0M	497.9M	587.9M	676.0M	369.2M
Retained Earnings Total Equity	49.2M	56.6M	63.6M	71.3M	82.0M	42.8M
Long Term Debt Total	144.2M	142.3M	143.3M	175.6M	202.0M	140.2M
Capital Surpluse	101.8M	103.5M	105.0M	107.1M	123.2M	107.1M
Deferred Long Term Liab	52.7M	50.8M	53.6M	55.0M	63.2M	45.0M
Non Current Liabilities Other	177.6M	186.9M	202.7M	257.2M	247.9M	162.3M

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When determining whether Artesian Resources offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Artesian Resources' 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 Artesian Resources Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Artesian Resources Stock:

How To Invest In Artesian

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Is Artesian Stock a good investment?

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What is Artesian Resources' Net Worth?

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Largest Water Utilities Companies

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Largest Utilities - Regulated Water Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Artesian Resources. 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.

For information on how to trade Artesian Stock refer to our How to Trade Artesian Stock guide.

You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Is Water Utilities 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 Artesian Resources. If investors know Artesian 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 Artesian Resources 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

0.347

Dividend Share

1.17

Earnings Share

1.95

Revenue Per Share

10.266

Quarterly Revenue Growth

0.097

The market value of Artesian Resources is measured differently than its book value, which is the value of Artesian that is recorded on the company's balance sheet. Investors also form their own opinion of Artesian Resources' value that differs from its market value or its book value, called intrinsic value, which is Artesian Resources' 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 Artesian Resources' market value can be influenced by many factors that don't directly affect Artesian Resources' 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 Artesian Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Artesian Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Artesian Resources' 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.

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Artesian Price To Sales Ratio vs Capex To Depreciation Analysis

Price To Sales Ratio vs Capex To Depreciation

Price To Sales Ratio vs Capex To Depreciation Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Capex To Depreciation

Artesian Resources fundamental ratios Correlations

Artesian Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Artesian Resources fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash

Current Deferred Revenue	- 0.82	Other Current Liab
Common Stock	- 0.8	Other Current Liab
Common Stock Shares Outstanding	- 0.8	Other Current Liab
Common Stock Total Equity	- 0.78	Other Current Liab
Short Term Debt	- 0.66	Cash And Short Term Investments
Short Term Debt	- 0.66	Cash