Greenlane Historical Financial Ratios
| GRN Stock | CAD 0.1 0.01 13.64% |
Greenlane Renewables is recently reporting on over 93 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 0.75 or Days Sales Outstanding of 107 will help investors to properly organize and evaluate Greenlane Renewables financial condition quickly.
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About Greenlane Financial Ratios Analysis
Greenlane RenewablesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Greenlane Renewables investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Greenlane financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Greenlane Renewables history.
Greenlane Renewables Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Greenlane Renewables stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Greenlane Renewables sales, a figure that is much harder to manipulate than other Greenlane Renewables 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.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.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.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.Ev To Free Cash Flow
A valuation metric comparing the company's enterprise value to its free cash flow, used to evaluate whether a company is undervalued or overvalued.Most ratios from Greenlane Renewables' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Greenlane Renewables current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greenlane Renewables. 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, Greenlane Renewables' Capex To Revenue is very stable compared to the past year. As of the 16th of December 2024, Cash Per Share is likely to grow to 0.10, while Price To Sales Ratio is likely to drop 0.33.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 179.2 | 141.17 | 143.18 | 107.34 | PTB Ratio | 3.16 | 1.38 | 0.79 | 0.75 |
Greenlane Renewables fundamentals Correlations
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Greenlane Renewables Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Greenlane Renewables fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Ptb Ratio | 1.74 | 8.29 | 3.16 | 1.38 | 0.79 | 0.75 | |
| Book Value Per Share | 0.24 | 0.28 | 0.39 | 0.35 | 0.17 | 0.2 | |
| Free Cash Flow Yield | (0.21) | (0.009783) | (0.0599) | (0.006423) | (0.46) | (0.44) | |
| Operating Cash Flow Per Share | (0.0882) | (0.022) | (0.0728) | 2.65E-4 | (0.0588) | (0.0617) | |
| Pb Ratio | 1.74 | 8.29 | 3.16 | 1.38 | 0.79 | 0.75 | |
| Free Cash Flow Per Share | (0.0897) | (0.0226) | (0.0743) | (0.003147) | (0.0601) | (0.0631) | |
| Roic | (0.14) | (0.11) | (0.0373) | (0.15) | (0.54) | (0.51) | |
| Net Income Per Share | (0.16) | (0.0266) | (0.017) | (0.0365) | (0.19) | (0.18) | |
| Pocfratio | (4.76) | (104.86) | (17.03) | 1.8K | (2.21) | (2.1) | |
| Pfcf Ratio | (4.68) | (102.21) | (16.68) | (155.68) | (2.16) | (2.27) | |
| Income Quality | 0.56 | 0.83 | 4.28 | (0.007266) | 0.3 | 0.29 | |
| Roe | (0.66) | (0.0955) | (0.0434) | (0.1) | (1.17) | (1.11) | |
| Ev To Operating Cash Flow | (8.15) | (100.07) | (14.07) | 1.3K | (1.12) | (1.06) | |
| Pe Ratio | (2.65) | (86.78) | (72.81) | (13.43) | (0.67) | (0.71) | |
| Return On Tangible Assets | (0.7) | (0.0991) | (0.0396) | (0.0967) | (0.68) | (0.64) | |
| Ev To Free Cash Flow | (8.01) | (97.54) | (13.78) | (113.27) | (1.09) | (1.15) | |
| Earnings Yield | (0.38) | (0.0115) | (0.0137) | (0.0744) | (1.49) | (1.41) | |
| Current Ratio | 0.87 | 1.44 | 2.78 | 2.06 | 1.68 | 2.68 | |
| Tangible Book Value Per Share | (0.37) | 0.0823 | 0.28 | 0.18 | 0.096 | 0.1 | |
| Graham Number | 0.93 | 0.41 | 0.39 | 0.54 | 0.85 | 0.45 | |
| Shareholders Equity Per Share | 0.24 | 0.28 | 0.39 | 0.35 | 0.17 | 0.2 |
Pair Trading with Greenlane Renewables
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 Greenlane Renewables 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 Greenlane Renewables will appreciate offsetting losses from the drop in the long position's value.Moving against Greenlane Stock
The ability to find closely correlated positions to Greenlane Renewables could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Greenlane Renewables 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 Greenlane Renewables - 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 Greenlane Renewables to buy it.
The correlation of Greenlane Renewables 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 Greenlane Renewables moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Greenlane Renewables 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 Greenlane Renewables 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.Other Information on Investing in Greenlane Stock
Greenlane RenewablesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Greenlane Renewables investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Greenlane financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Greenlane Renewables history.