BioRem Average Payables vs Ev To Sales Analysis

BRM Stock  CAD 3.16  0.11  3.61%   
BioRem financial indicator trend analysis is way more than just evaluating BioRem Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BioRem Inc is a good investment. Please check the relationship between BioRem Average Payables and its Ev To Sales accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BioRem Inc. 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 BioRem Inc Average Payables account and Ev To Sales. At this time, the significance of the direction appears to have weak relationship.
The correlation between BioRem's Average Payables and Ev To Sales is 0.39. 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 BioRem Inc, assuming nothing else is changed. The correlation between historical values of BioRem'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 BioRem Inc 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., BioRem's Average Payables and Ev To Sales go up and down completely randomly.

Correlation Coefficient

0.39
Relationship DirectionPositive 
Relationship StrengthVery Weak

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 BioRem's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BioRem Inc 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 BioRem Inc. 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, BioRem's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to climb to about 640.2 K in 2024, whereas Enterprise Value Over EBITDA is likely to drop 3.18 in 2024.
 2021 2022 2023 2024 (projected)
Total Revenue24.5M28.9M25.2M18.5M
Depreciation And Amortization343.6K350.6K382.7K281.4K

BioRem fundamental ratios Correlations

-0.060.670.670.770.58-0.50.520.70.870.70.850.480.180.510.26-0.490.610.99-0.470.060.740.67-0.23-0.590.85
-0.060.260.55-0.630.380.760.14-0.360.01-0.360.07-0.420.810.040.280.250.7-0.080.54-0.70.350.23-0.17-0.020.05
0.670.260.560.330.52-0.180.670.460.750.460.53-0.010.580.29-0.03-0.410.640.61-0.35-0.440.460.35-0.02-0.040.67
0.670.550.560.080.540.180.220.130.490.130.770.170.570.340.38-0.080.950.690.18-0.250.910.67-0.17-0.560.44
0.77-0.630.330.080.25-0.870.350.820.690.820.50.63-0.390.370.06-0.52-0.030.76-0.650.470.240.33-0.13-0.440.68
0.580.380.520.540.250.090.640.290.640.270.43-0.110.590.420.74-0.170.60.51-0.14-0.360.520.82-0.75-0.250.72
-0.50.76-0.180.18-0.870.09-0.05-0.86-0.45-0.86-0.15-0.670.56-0.370.270.390.3-0.50.59-0.630.10.03-0.260.28-0.35
0.520.140.670.220.350.64-0.050.270.620.250.44-0.140.470.090.22-0.680.380.45-0.57-0.640.320.47-0.530.210.77
0.7-0.360.460.130.820.29-0.860.270.691.00.260.66-0.20.59-0.03-0.430.080.67-0.470.380.130.260.04-0.460.64
0.870.010.750.490.690.64-0.450.620.690.690.580.250.340.550.22-0.350.510.79-0.46-0.090.510.47-0.2-0.320.91
0.7-0.360.460.130.820.27-0.860.251.00.690.260.66-0.210.58-0.06-0.420.080.67-0.470.380.130.230.08-0.460.62
0.850.070.530.770.50.43-0.150.440.260.580.260.340.230.180.24-0.440.710.88-0.32-0.090.890.69-0.24-0.520.61
0.48-0.42-0.010.170.63-0.11-0.67-0.140.660.250.660.34-0.550.2-0.14-0.38-0.020.53-0.090.610.220.180.15-0.670.27
0.180.810.580.57-0.390.590.560.47-0.20.34-0.210.23-0.550.220.260.10.760.120.07-0.80.480.35-0.240.20.3
0.510.040.290.340.370.42-0.370.090.590.550.580.180.20.220.27-0.060.350.48-0.270.170.380.41-0.1-0.430.45
0.260.28-0.030.380.060.740.270.22-0.030.22-0.060.24-0.140.260.270.120.330.240.18-0.10.390.7-0.81-0.410.37
-0.490.25-0.41-0.08-0.52-0.170.39-0.68-0.43-0.35-0.42-0.44-0.380.1-0.060.12-0.12-0.50.60.23-0.2-0.340.210.02-0.54
0.610.70.640.95-0.030.60.30.380.080.510.080.71-0.020.760.350.33-0.120.610.08-0.490.860.64-0.2-0.380.48
0.99-0.080.610.690.760.51-0.50.450.670.790.670.880.530.120.480.24-0.50.61-0.440.10.770.67-0.19-0.640.77
-0.470.54-0.350.18-0.65-0.140.59-0.57-0.47-0.46-0.47-0.32-0.090.07-0.270.180.60.08-0.440.0-0.09-0.190.11-0.18-0.48
0.06-0.7-0.44-0.250.47-0.36-0.63-0.640.38-0.090.38-0.090.61-0.80.17-0.10.23-0.490.10.0-0.18-0.150.27-0.5-0.19
0.740.350.460.910.240.520.10.320.130.510.130.890.220.480.380.39-0.20.860.77-0.09-0.180.75-0.31-0.560.53
0.670.230.350.670.330.820.030.470.260.470.230.690.180.350.410.7-0.340.640.67-0.19-0.150.75-0.73-0.540.64
-0.23-0.17-0.02-0.17-0.13-0.75-0.26-0.530.04-0.20.08-0.240.15-0.24-0.1-0.810.21-0.2-0.190.110.27-0.31-0.730.15-0.49
-0.59-0.02-0.04-0.56-0.44-0.250.280.21-0.46-0.32-0.46-0.52-0.670.2-0.43-0.410.02-0.38-0.64-0.18-0.5-0.56-0.540.15-0.37
0.850.050.670.440.680.72-0.350.770.640.910.620.610.270.30.450.37-0.540.480.77-0.48-0.190.530.64-0.49-0.37
Click cells to compare fundamentals

BioRem Account Relationship Matchups

BioRem fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets17.6M22.0M19.2M20.7M24.1M15.1M
Other Current Liab1.9M3.3M3.4M4.2M2.7M2.0M
Total Current Liabilities5.9M7.8M13.2M12.9M13.9M7.9M
Total Stockholder Equity11.7M13.5M2.0M4.5M6.7M6.0M
Property Plant And Equipment Net372.9K1.4M1.1M1.0M2.0M2.1M
Net Debt(6.4M)(8.0M)1.2M971.1K1.9M2.0M
Retained Earnings(9.1M)(7.0M)(5.7M)(4.1M)(1.9M)(2.0M)
Cash6.5M8.9M4.5M3.8M2.3M3.1M
Non Current Assets Total3.1M3.7M3.0M3.0M3.5M1.9M
Cash And Short Term Investments6.5M8.9M4.5M3.8M2.3M2.7M
Net Receivables5.7M7.6M10.1M12.2M15.1M7.8M
Common Stock Shares Outstanding38.7M39.5M37.4M17.6M17.1M22.9M
Liabilities And Stockholders Equity17.6M22.0M19.2M20.7M24.1M15.1M
Inventory1.3M944.8K901.7K888.0K901.1K764.8K
Other Current Assets1.0M857.3K658.9K870.6K2.3M2.4M
Other Stockholder Equity2.2M2.2M2.2M2.3M2.4M2.3M
Total Liab5.9M8.4M17.2M16.2M17.4M9.0M
Total Current Assets14.5M18.3M16.2M17.8M20.6M12.4M
Accounts Payable2.4M1.8M5.1M4.7M6.1M3.4M
Accumulated Other Comprehensive Income1.4M1.1M597.3K1.4M1.3M653.8K
Current Deferred Revenue1.6M2.5M3.0M2.6M4.3M4.5M
Net Tangible Assets12.9M11.7M13.5M2.0M2.3M2.1M
Property Plant Equipment262.5K372.9K1.4M1.1M1.3M1.4M
Net Invested Capital11.7M13.5M7.0M8.8M9.7M8.1M
Net Working Capital8.6M10.5M2.9M4.9M6.7M5.8M

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Additional Tools for BioRem Stock Analysis

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