Defense Average Inventory vs Free Cash Flow Yield Analysis

DEFN Stock

CAD 0.14 0.02 16.67%

Defense Metals financial indicator trend analysis is much more than just examining Defense Metals Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Defense Metals Corp is a good investment. Please check the relationship between Defense Metals Average Inventory and its Free Cash Flow Yield accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Defense Metals 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 Inventory vs Free Cash Flow Yield

Average Inventory vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Defense Metals Corp Average Inventory account and Free Cash Flow Yield. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Defense Metals' Average Inventory and Free Cash Flow Yield is -0.28. Overlapping area represents the amount of variation of Average Inventory that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Defense Metals Corp, assuming nothing else is changed. The correlation between historical values of Defense Metals' Average Inventory and Free Cash Flow Yield 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 Inventory of Defense Metals Corp are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Average Inventory i.e., Defense Metals' Average Inventory and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.28

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Average Inventory

The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Defense Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Defense Metals 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Defense Metals 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, Defense Metals' Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 163.85 in 2024, whereas Selling General Administrative is likely to drop slightly above 2.4 M in 2024.

Defense Metals fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Shares Outstanding	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Other Stockholder Equity	Net Invested Capital	Net Working Capital	Other Current Liab	Net Receivables	Other Current Assets	Capital Stock	Non Currrent Assets Other	Other Assets	Inventory
Total Assets		0.97	1.0	1.0	1.0	-0.93	-0.94	0.99	0.95	1.0	0.95	0.99	0.97	0.95	1.0	1.0	0.49	1.0	0.83	0.9	0.69	0.45	1.0	0.95	0.86	-0.73
Total Current Liabilities	0.97		0.97	0.97	0.97	-0.9	-0.98	0.98	0.91	0.97	0.91	0.95	1.0	0.93	0.98	0.97	0.66	0.97	0.75	0.95	0.8	0.26	0.97	0.87	0.77	-0.66
Total Stockholder Equity	1.0	0.97		1.0	1.0	-0.93	-0.94	0.99	0.95	1.0	0.95	0.99	0.97	0.95	1.0	1.0	0.48	1.0	0.83	0.9	0.69	0.46	1.0	0.95	0.86	-0.73
Net Tangible Assets	1.0	0.97	1.0		1.0	-0.93	-0.94	0.99	0.95	1.0	0.95	0.99	0.97	0.95	1.0	1.0	0.48	1.0	0.83	0.9	0.69	0.46	1.0	0.95	0.86	-0.73
Property Plant And Equipment Net	1.0	0.97	1.0	1.0		-0.92	-0.94	0.99	0.94	1.0	0.94	0.98	0.97	0.94	1.0	1.0	0.48	1.0	0.82	0.91	0.69	0.45	1.0	0.95	0.85	-0.72
Net Debt	-0.93	-0.9	-0.93	-0.93	-0.92		0.92	-0.93	-0.98	-0.92	-0.98	-0.95	-0.9	-0.98	-0.94	-0.92	-0.59	-0.93	-0.92	-0.86	-0.78	-0.5	-0.94	-0.93	-0.9	0.63
Retained Earnings	-0.94	-0.98	-0.94	-0.94	-0.94	0.92		-0.96	-0.9	-0.94	-0.9	-0.94	-0.98	-0.92	-0.96	-0.94	-0.7	-0.94	-0.73	-0.96	-0.83	-0.29	-0.95	-0.85	-0.79	0.56
Accounts Payable	0.99	0.98	0.99	0.99	0.99	-0.93	-0.96		0.94	0.99	0.94	0.98	0.98	0.95	1.0	0.99	0.54	0.99	0.8	0.91	0.72	0.41	0.99	0.93	0.84	-0.71
Cash	0.95	0.91	0.95	0.95	0.94	-0.98	-0.9	0.94		0.94	1.0	0.98	0.91	1.0	0.95	0.94	0.56	0.95	0.95	0.82	0.73	0.49	0.95	0.97	0.9	-0.77
Non Current Assets Total	1.0	0.97	1.0	1.0	1.0	-0.92	-0.94	0.99	0.94		0.94	0.98	0.97	0.94	1.0	1.0	0.48	1.0	0.82	0.91	0.69	0.45	1.0	0.95	0.85	-0.72
Cash And Short Term Investments	0.95	0.91	0.95	0.95	0.94	-0.98	-0.9	0.94	1.0	0.94		0.98	0.91	1.0	0.95	0.94	0.56	0.95	0.95	0.82	0.73	0.49	0.95	0.97	0.9	-0.77
Common Stock Shares Outstanding	0.99	0.95	0.99	0.99	0.98	-0.95	-0.94	0.98	0.98	0.98	0.98		0.95	0.98	0.99	0.98	0.54	0.99	0.89	0.88	0.7	0.47	0.99	0.98	0.9	-0.76
Total Liab	0.97	1.0	0.97	0.97	0.97	-0.9	-0.98	0.98	0.91	0.97	0.91	0.95		0.93	0.98	0.97	0.66	0.97	0.75	0.95	0.8	0.26	0.97	0.87	0.77	-0.66
Total Current Assets	0.95	0.93	0.95	0.95	0.94	-0.98	-0.92	0.95	1.0	0.94	1.0	0.98	0.93		0.96	0.94	0.61	0.95	0.93	0.85	0.78	0.44	0.96	0.95	0.88	-0.75
Common Stock	1.0	0.98	1.0	1.0	1.0	-0.94	-0.96	1.0	0.95	1.0	0.95	0.99	0.98	0.96		1.0	0.53	1.0	0.83	0.91	0.72	0.43	1.0	0.95	0.86	-0.73
Property Plant Equipment	1.0	0.97	1.0	1.0	1.0	-0.92	-0.94	0.99	0.94	1.0	0.94	0.98	0.97	0.94	1.0		0.48	1.0	0.82	0.91	0.69	0.45	1.0	0.95	0.85	-0.72
Other Stockholder Equity	0.49	0.66	0.48	0.48	0.48	-0.59	-0.7	0.54	0.56	0.48	0.56	0.54	0.66	0.61	0.53	0.48		0.48	0.44	0.65	0.88	-0.25	0.5	0.4	0.36	-0.3
Net Invested Capital	1.0	0.97	1.0	1.0	1.0	-0.93	-0.94	0.99	0.95	1.0	0.95	0.99	0.97	0.95	1.0	1.0	0.48		0.83	0.9	0.69	0.46	1.0	0.95	0.86	-0.73
Net Working Capital	0.83	0.75	0.83	0.83	0.82	-0.92	-0.73	0.8	0.95	0.82	0.95	0.89	0.75	0.93	0.83	0.82	0.44	0.83		0.65	0.64	0.58	0.84	0.92	0.87	-0.76
Other Current Liab	0.9	0.95	0.9	0.9	0.91	-0.86	-0.96	0.91	0.82	0.91	0.82	0.88	0.95	0.85	0.91	0.91	0.65	0.9	0.65		0.83	0.34	0.9	0.78	0.78	-0.43
Net Receivables	0.69	0.8	0.69	0.69	0.69	-0.78	-0.83	0.72	0.73	0.69	0.73	0.7	0.8	0.78	0.72	0.69	0.88	0.69	0.64	0.83		0.06	0.71	0.57	0.55	-0.36
Other Current Assets	0.45	0.26	0.46	0.46	0.45	-0.5	-0.29	0.41	0.49	0.45	0.49	0.47	0.26	0.44	0.43	0.45	-0.25	0.46	0.58	0.34	0.06		0.45	0.59	0.76	-0.24
Capital Stock	1.0	0.97	1.0	1.0	1.0	-0.94	-0.95	0.99	0.95	1.0	0.95	0.99	0.97	0.96	1.0	1.0	0.5	1.0	0.84	0.9	0.71	0.45		0.95	0.86	-0.73
Non Currrent Assets Other	0.95	0.87	0.95	0.95	0.95	-0.93	-0.85	0.93	0.97	0.95	0.97	0.98	0.87	0.95	0.95	0.95	0.4	0.95	0.92	0.78	0.57	0.59	0.95		0.93	-0.8
Other Assets	0.86	0.77	0.86	0.86	0.85	-0.9	-0.79	0.84	0.9	0.85	0.9	0.9	0.77	0.88	0.86	0.85	0.36	0.86	0.87	0.78	0.55	0.76	0.86	0.93		-0.58
Inventory	-0.73	-0.66	-0.73	-0.73	-0.72	0.63	0.56	-0.71	-0.77	-0.72	-0.77	-0.76	-0.66	-0.75	-0.73	-0.72	-0.3	-0.73	-0.76	-0.43	-0.36	-0.24	-0.73	-0.8	-0.58

Click cells to compare fundamentals

Defense Metals Account Relationship Matchups

Defense Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.0M	4.1M	25.3M	32.7M	37.7M	39.5M
Total Current Liabilities	207.3K	327.9K	668.6K	656.5K	755.0K	792.7K
Total Stockholder Equity	1.8M	3.8M	24.6M	32.1M	36.9M	38.7M
Net Tangible Assets	1.8M	3.8M	24.6M	32.1M	36.9M	38.7M
Property Plant And Equipment Net	1.8M	2.9M	24.1M	30.3M	34.8M	36.6M
Net Debt	(166.2K)	(849.5K)	(724.8K)	(1.8M)	(1.6M)	(1.5M)
Retained Earnings	(3.5M)	(6.1M)	(9.9M)	(12.6M)	(11.4M)	(10.8M)
Accounts Payable	40.0K	69.1K	222.9K	262.6K	302.0K	317.1K
Cash	166.2K	849.5K	724.8K	1.8M	2.0M	2.1M
Non Current Assets Total	1.8M	3.0M	24.3M	30.7M	35.3M	37.1M
Cash And Short Term Investments	166.2K	849.5K	724.8K	1.8M	2.0M	2.1M
Common Stock Shares Outstanding	31.5M	53.0M	95.9M	178.5M	205.2M	215.5M
Liabilities And Stockholders Equity	2.0M	4.1M	25.3M	32.7M	37.7M	39.5M
Total Liab	207.3K	327.9K	668.6K	656.5K	755.0K	792.7K
Total Current Assets	208.9K	1.2M	976.7K	2.0M	2.4M	2.5M
Common Stock	4.7M	8.5M	30.3M	40.0M	46.0M	48.2M
Property Plant Equipment	1.8M	3.0M	24.1M	30.3M	34.8M	36.6M
Other Stockholder Equity	307.5K	618.7K	1.5M	626.6K	720.6K	688.2K
Net Invested Capital	1.8M	3.8M	24.6M	32.1M	36.9M	38.7M
Accumulated Other Comprehensive Income	618.7K	1.5M	3.6M	4.8M	5.5M	5.8M
Net Working Capital	1.6K	855.0K	308.1K	1.4M	1.6M	1.7M
Other Current Liab	207.3K	327.9K	668.6K	656.5K	755.0K	421.9K
Net Receivables	9.6K	301.8K	206.8K	189.8K	218.3K	161.9K
Other Current Assets	33.1K	31.6K	45.1K	94.2K	108.3K	59.0K
Capital Stock	4.7M	8.5M	30.3M	40.0M	46.0M	48.2M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Defense Stock Analysis

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

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