Drone Book Value Per Share vs Average Payables Analysis

FLT Stock  CAD 0.14  0.01  6.67%   
Drone Delivery financial indicator trend analysis is much more than just examining Drone Delivery Canada latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Drone Delivery Canada is a good investment. Please check the relationship between Drone Delivery Book Value Per Share and its Average Payables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Drone Delivery Canada. 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.

Book Value Per Share vs Average Payables

Book Value Per Share vs Average Payables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Drone Delivery Canada Book Value Per Share account and Average Payables. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Drone Delivery's Book Value Per Share and Average Payables is 0.53. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Average Payables in the same time period over historical financial statements of Drone Delivery Canada, assuming nothing else is changed. The correlation between historical values of Drone Delivery's Book Value Per Share and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Drone Delivery Canada are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Book Value Per Share i.e., Drone Delivery's Book Value Per Share and Average Payables go up and down completely randomly.

Correlation Coefficient

0.53
Relationship DirectionPositive 
Relationship StrengthWeak

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

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.
Most indicators from Drone Delivery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Drone Delivery Canada 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 Drone Delivery Canada. 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.
Enterprise Value is likely to climb to about 58.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 6.3 M in 2024.
 2021 2022 2023 2024 (projected)
Minority Interest897.6K826.5K229.6K218.1K
Interest Income61.8K297.3K405.0K240.7K

Drone Delivery fundamental ratios Correlations

0.320.891.0-0.71-0.660.990.770.140.950.270.84-0.470.790.830.890.990.690.690.950.970.740.790.110.80.91
0.320.620.29-0.360.010.30.080.580.240.330.31-0.31-0.020.340.590.35-0.010.00.240.250.050.73-0.250.260.23
0.890.620.87-0.59-0.630.860.70.310.830.430.84-0.530.680.870.990.880.630.60.850.870.690.860.10.780.86
1.00.290.87-0.72-0.650.990.760.120.950.250.83-0.460.790.810.870.990.680.680.950.970.730.780.110.790.9
-0.71-0.36-0.59-0.720.01-0.73-0.4-0.11-0.580.39-0.380.2-0.44-0.4-0.55-0.73-0.03-0.33-0.49-0.59-0.27-0.490.56-0.25-0.51
-0.660.01-0.63-0.650.01-0.62-0.72-0.02-0.73-0.68-0.870.47-0.65-0.78-0.67-0.62-0.99-0.67-0.81-0.73-0.82-0.46-0.78-0.91-0.83
0.990.30.860.99-0.73-0.620.670.030.960.210.81-0.460.780.770.841.00.660.580.940.940.650.770.10.780.86
0.770.080.70.76-0.4-0.720.670.390.670.370.75-0.410.680.820.760.690.70.990.740.810.940.50.230.680.88
0.140.580.310.12-0.11-0.020.030.39-0.010.420.19-0.17-0.080.290.380.09-0.010.40.080.190.380.46-0.180.120.23
0.950.240.830.95-0.58-0.730.960.67-0.010.340.88-0.480.820.830.830.960.760.590.980.920.720.740.260.880.84
0.270.330.430.250.39-0.680.210.370.420.340.55-0.370.240.530.490.240.680.360.470.380.530.550.720.660.42
0.840.310.840.83-0.38-0.870.810.750.190.880.55-0.60.720.90.860.810.860.660.910.850.830.690.460.950.89
-0.47-0.31-0.53-0.460.20.47-0.46-0.41-0.17-0.48-0.37-0.6-0.5-0.53-0.53-0.45-0.46-0.3-0.52-0.49-0.41-0.46-0.25-0.54-0.46
0.79-0.020.680.79-0.44-0.650.780.68-0.080.820.240.72-0.50.810.70.770.660.620.830.850.730.520.240.710.74
0.830.340.870.81-0.4-0.780.770.820.290.830.530.9-0.530.810.910.790.760.760.870.880.860.730.330.880.87
0.890.590.990.87-0.55-0.670.840.760.380.830.490.86-0.530.70.910.870.660.670.860.890.770.850.140.80.88
0.990.350.880.99-0.73-0.621.00.690.090.960.240.81-0.450.770.790.870.660.60.940.950.670.810.090.780.87
0.69-0.010.630.68-0.03-0.990.660.7-0.010.760.680.86-0.460.660.760.660.660.650.840.750.80.490.770.910.83
0.690.00.60.68-0.33-0.670.580.990.40.590.360.66-0.30.620.760.670.60.650.660.740.920.410.220.60.81
0.950.240.850.95-0.49-0.810.940.740.080.980.470.91-0.520.830.870.860.940.840.660.950.80.770.360.920.89
0.970.250.870.97-0.59-0.730.940.810.190.920.380.85-0.490.850.880.890.950.750.740.950.820.790.220.830.93
0.740.050.690.73-0.27-0.820.650.940.380.720.530.83-0.410.730.860.770.670.80.920.80.820.510.390.780.87
0.790.730.860.78-0.49-0.460.770.50.460.740.550.69-0.460.520.730.850.810.490.410.770.790.510.080.710.68
0.11-0.250.10.110.56-0.780.10.23-0.180.260.720.46-0.250.240.330.140.090.770.220.360.220.390.080.610.33
0.80.260.780.79-0.25-0.910.780.680.120.880.660.95-0.540.710.880.80.780.910.60.920.830.780.710.610.84
0.910.230.860.9-0.51-0.830.860.880.230.840.420.89-0.460.740.870.880.870.830.810.890.930.870.680.330.84
Click cells to compare fundamentals

Drone Delivery Account Relationship Matchups

Drone Delivery fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets17.7M29.4M33.0M19.7M10.3M13.4M
Other Current Liab1.5M167.9K396.7K103.2K118.7K112.8K
Total Current Liabilities1.7M2.0M2.0M1.2M891.1K1.0M
Total Stockholder Equity15.5M27.1M30.8M18.5M9.1M12.3M
Net Debt(9.2M)(23.0M)(27.3M)(15.1M)15.5M16.3M
Retained Earnings(47.2M)(61.4M)(76.1M)(89.5M)(99.4M)(94.5M)
Cash9.8M23.5M27.7M15.3M7.4M10.2M
Non Current Assets Total4.6M4.5M4.4M3.5M2.3M2.2M
Non Currrent Assets Other370.2K592.9K4.6M(1.0)(1.15)(1.09)
Cash And Short Term Investments9.8M23.5M27.7M15.3M17.6M10.6M
Net Receivables3.1M522.8K421.3K486.7K3.5M3.7M
Common Stock Shares Outstanding172.8M184.7M222.1M224.2M224.2M123.8M
Liabilities And Stockholders Equity17.7M29.4M33.0M19.7M22.7M13.6M
Other Current Assets202.6K892.8K505.9K343.6K436.8K284.2K
Other Stockholder Equity13.6M18.9M10.5M11.7M13.4M7.1M
Total Liab2.2M2.3M2.2M1.2M1.2M1.1M
Total Current Assets13.1M24.9M28.6M16.2M8.0M11.4M
Common Stock49.2M69.5M96.3M96.3M110.8M116.3M
Property Plant And Equipment Net3.9M3.6M3.4M2.6M1.9M1.9M
Net Tangible Assets14.8M26.3M29.8M17.6M20.3M16.9M
Accounts Payable983.7K1.6M1.4M909.9K594.9K889.3K
Property Plant Equipment3.9M3.6M3.4M2.6M3.0M1.9M
Non Current Liabilities Total463.8K308.5K227.3K19.8K329.1K185.4K
Intangible Assets713.2K844.5K919.8K878.5K403.4K642.3K
Net Invested Capital15.5M27.1M30.8M18.5M9.1M15.4M
Net Working Capital11.4M22.9M26.6M15.0M7.1M13.3M
Capital Stock49.2M69.5M96.3M96.3M110.8M81.2M

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Additional Tools for Drone Stock Analysis

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