Clarke Pb Ratio vs Days Sales Outstanding Analysis

CKI Stock  CAD 23.60  0.02  0.08%   
Clarke financial indicator trend analysis is way more than just evaluating Clarke Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Clarke Inc is a good investment. Please check the relationship between Clarke Pb Ratio and its Days Sales Outstanding accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clarke 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.

Pb Ratio vs Days Sales Outstanding

Pb Ratio vs Days Sales Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Clarke Inc Pb Ratio account and Days Sales Outstanding. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Clarke's Pb Ratio and Days Sales Outstanding is -0.04. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of Clarke Inc, assuming nothing else is changed. The correlation between historical values of Clarke's Pb Ratio and Days Sales Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pb Ratio of Clarke Inc are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Pb Ratio i.e., Clarke's Pb Ratio and Days Sales Outstanding go up and down completely randomly.

Correlation Coefficient

-0.04
Relationship DirectionNegative 
Relationship StrengthInsignificant

Pb Ratio

Days Sales Outstanding

Most indicators from Clarke's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Clarke 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 Clarke 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, Clarke's Tax Provision is very stable compared to the past year. As of the 20th of December 2024, Enterprise Value Over EBITDA is likely to grow to 23.26, while Selling General Administrative is likely to drop about 3.6 M.
 2021 2022 2023 2024 (projected)
Total Revenue60.0M60.0M81.6M137.2M
Interest Expense6.0M6.5M7.2M5.6M

Clarke fundamental ratios Correlations

0.83-0.59-0.090.670.830.73-0.13-0.220.75-0.51-0.28-0.310.670.610.220.790.83-0.590.48-0.29-0.49-0.16-0.54-0.390.14
0.83-0.490.330.140.760.97-0.540.20.7-0.250.18-0.140.720.460.440.990.75-0.650.7-0.43-0.17-0.51-0.71-0.50.16
-0.59-0.490.28-0.4-0.53-0.450.20.15-0.20.380.110.33-0.06-0.09-0.07-0.48-0.520.49-0.620.030.420.120.420.33-0.27
-0.090.330.28-0.61-0.180.36-0.30.740.020.320.740.310.02-0.160.390.36-0.170.150.54-0.40.43-0.29-0.07-0.090.03
0.670.14-0.4-0.610.450.010.51-0.720.38-0.58-0.76-0.440.240.45-0.230.080.45-0.17-0.060.13-0.590.380.010.070.01
0.830.76-0.53-0.180.450.72-0.41-0.070.91-0.61-0.23-0.330.680.710.240.761.0-0.910.29-0.25-0.63-0.4-0.85-0.660.09
0.730.97-0.450.360.010.72-0.660.240.65-0.270.24-0.190.70.390.390.970.71-0.670.69-0.31-0.13-0.7-0.74-0.470.19
-0.13-0.540.2-0.30.51-0.41-0.66-0.5-0.28-0.14-0.450.02-0.39-0.26-0.27-0.6-0.410.65-0.320.29-0.020.750.740.67-0.15
-0.220.20.150.74-0.72-0.070.24-0.50.050.310.890.59-0.05-0.070.640.3-0.05-0.130.31-0.50.25-0.27-0.35-0.490.02
0.750.7-0.20.020.380.910.65-0.280.05-0.62-0.17-0.210.70.720.290.70.92-0.780.17-0.29-0.58-0.38-0.75-0.570.05
-0.51-0.250.380.32-0.58-0.61-0.27-0.140.31-0.620.40.54-0.17-0.360.21-0.22-0.60.47-0.1-0.370.710.280.360.06-0.04
-0.280.180.110.74-0.76-0.230.24-0.450.89-0.170.40.54-0.01-0.260.60.24-0.240.00.37-0.280.57-0.29-0.23-0.20.02
-0.31-0.140.330.31-0.44-0.33-0.190.020.59-0.210.540.54-0.06-0.20.52-0.06-0.320.22-0.11-0.470.460.250.08-0.15-0.14
0.670.72-0.060.020.240.680.7-0.39-0.050.7-0.17-0.01-0.060.640.340.710.66-0.610.08-0.22-0.01-0.37-0.62-0.34-0.05
0.610.46-0.09-0.160.450.710.39-0.26-0.070.72-0.36-0.26-0.20.640.040.470.71-0.62-0.1-0.2-0.47-0.08-0.58-0.55-0.35
0.220.44-0.070.39-0.230.240.39-0.270.640.290.210.60.520.340.040.480.23-0.30.27-0.640.18-0.1-0.43-0.460.11
0.790.99-0.480.360.080.760.97-0.60.30.7-0.220.24-0.060.710.470.480.75-0.680.69-0.49-0.19-0.53-0.75-0.590.18
0.830.75-0.52-0.170.451.00.71-0.41-0.050.92-0.6-0.24-0.320.660.710.230.75-0.90.28-0.27-0.66-0.39-0.84-0.680.1
-0.59-0.650.490.15-0.17-0.91-0.670.65-0.13-0.780.470.00.22-0.61-0.62-0.3-0.68-0.9-0.210.20.480.550.970.77-0.12
0.480.7-0.620.54-0.060.290.69-0.320.310.17-0.10.37-0.110.08-0.10.270.690.28-0.21-0.30.0-0.33-0.3-0.210.27
-0.29-0.430.03-0.40.13-0.25-0.310.29-0.5-0.29-0.37-0.28-0.47-0.22-0.2-0.64-0.49-0.270.2-0.30.03-0.130.290.61-0.07
-0.49-0.170.420.43-0.59-0.63-0.13-0.020.25-0.580.710.570.46-0.01-0.470.18-0.19-0.660.480.00.030.050.340.45-0.14
-0.16-0.510.12-0.290.38-0.4-0.70.75-0.27-0.380.28-0.290.25-0.37-0.08-0.1-0.53-0.390.55-0.33-0.130.050.610.27-0.19
-0.54-0.710.42-0.070.01-0.85-0.740.74-0.35-0.750.36-0.230.08-0.62-0.58-0.43-0.75-0.840.97-0.30.290.340.610.81-0.1
-0.39-0.50.33-0.090.07-0.66-0.470.67-0.49-0.570.06-0.2-0.15-0.34-0.55-0.46-0.59-0.680.77-0.210.610.450.270.81-0.09
0.140.16-0.270.030.010.090.19-0.150.020.05-0.040.02-0.14-0.05-0.350.110.180.1-0.120.27-0.07-0.14-0.19-0.1-0.09
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Clarke Account Relationship Matchups

Clarke fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets401.2M311.0M384.6M416.1M395.1M269.6M
Short Long Term Debt Total134.8M124.2M136.5M159.1M126.2M87.5M
Other Current Liab(43.3M)(15.6M)(45.9M)(116.4M)11.4M12.0M
Total Current Liabilities7.9M1.1M4.7M10.8M28.5M29.6M
Total Stockholder Equity249.6M168.6M208.6M215.0M230.7M148.2M
Property Plant And Equipment Net212.6M180.4M178.8M221.7M206.9M217.3M
Net Debt132.3M121.4M118.1M158.1M125.2M68.7M
Retained Earnings104.5M25.1M40.1M41.6M44.2M66.6M
Accounts Payable2.7M1.1M4.7M10.8M11.4M14.8M
Non Current Assets Total324.3M227.2M182.0M222.0M379.6M398.6M
Non Currrent Assets Other(324.3M)(18.7M)(13.5M)(222.0M)(207.1M)(196.7M)
Net Receivables11.5M1.3M4.5M7.0M2.7M2.5M
Common Stock Shares Outstanding14.0M15.9M18.4M14.2M14.0M19.1M
Liabilities And Stockholders Equity401.2M311.0M384.6M416.1M395.1M269.6M
Non Current Liabilities Total134.8M124.2M136.5M10.8M120.6M71.6M
Other Current Assets6.2M6.8M7.1M3.5M12.0M6.1M
Other Stockholder Equity(87.5M)(69.4M)7.3M7.5M6.6M6.2M
Total Liab151.6M142.4M176.0M201.2M164.4M120.4M
Property Plant And Equipment Gross212.6M180.4M195.5M239.5M231.6M243.2M
Total Current Assets14.0M8.4M28.8M8.0M15.6M14.9M
Accumulated Other Comprehensive Income39.7M46.9M76.0M82.9M96.6M101.4M
Short Term Debt40.5M14.5M37.8M103.5M5.6M5.3M
Cash2.5M2.7M18.4M1.1M929K882.6K
Cash And Short Term Investments2.5M2.7M18.4M1.1M929K882.6K
Short Term Investments119.4M120.2M111.7M46.8M2.8M0.0
Inventory128.0M207K92K78K70.5M0.95
Good Will13.2M18.3M13.5M3.7M130K123.5K
Common Stock Total Equity47.3M39.8M98.1M89.1M102.5M62.4M
Common Stock98.1M89.1M85.2M83.2M82.6M69.2M
Other Liab8.3M12.8M23.2M14.6M16.8M8.8M
Net Tangible Assets249.6M168.6M208.2M214.7M246.8M207.7M
Other Assets62.9M75.4M173.8M186.0M(130K)(123.5K)
Long Term Debt93.3M108.8M98.0M55.1M63.3M47.2M
Long Term Investments120.2M111.7M46.8M2.8M3.2M3.0M
Property Plant Equipment212.6M180.4M178.8M221.7M255.0M267.7M
Long Term Debt Total94.3M109.7M98.8M55.6M64.0M50.1M
Cash And Equivalents2.5M2.7M18.4M1.1M981K932.0K

Pair Trading with Clarke

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

Moving against Clarke Stock

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The ability to find closely correlated positions to Clarke could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clarke 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 Clarke - 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 Clarke Inc to buy it.
The correlation of Clarke 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 Clarke moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clarke Inc 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 Clarke 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 CorrelationCorrelation Matching

Other Information on Investing in Clarke Stock

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