Greenlane Pfcf Ratio vs Price To Sales Ratio Analysis
GRN Stock | CAD 0.1 0.01 13.64% |
Greenlane Renewables financial indicator trend analysis is much more than just examining Greenlane Renewables latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Greenlane Renewables is a good investment. Please check the relationship between Greenlane Renewables Pfcf Ratio and its Price To Sales Ratio accounts. 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.
Pfcf Ratio vs Price To Sales Ratio
Pfcf Ratio vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Greenlane Renewables Pfcf Ratio account and Price To Sales Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Greenlane Renewables' Pfcf Ratio and Price To Sales Ratio is -0.41. Overlapping area represents the amount of variation of Pfcf Ratio that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Greenlane Renewables, assuming nothing else is changed. The correlation between historical values of Greenlane Renewables' Pfcf Ratio and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pfcf Ratio of Greenlane Renewables are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Pfcf Ratio i.e., Greenlane Renewables' Pfcf Ratio and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | -0.41 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Pfcf Ratio
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.Most indicators from Greenlane Renewables' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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' Tax Provision is very stable compared to the past year. As of the 17th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.40, while Selling General Administrative is likely to drop about 12.5 M.
Greenlane Renewables fundamental ratios Correlations
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Greenlane Renewables Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Greenlane Renewables fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 26.6M | 43.2M | 78.8M | 83.4M | 54.4M | 52.6M | |
Other Current Liab | 3.9M | 8.2M | 19.6M | 20.5M | 17.8M | 12.8M | |
Total Current Liabilities | 7.2M | 16.7M | 21.9M | 25.8M | 24.7M | 17.7M | |
Total Stockholder Equity | 7.7M | 25.9M | 56.5M | 53.5M | 25.3M | 31.0M | |
Net Tangible Assets | (11.7M) | 7.6M | 39.6M | 27.1M | 31.1M | 32.7M | |
Net Debt | 9.5M | (9.8M) | (31.0M) | (20.1M) | (11.4M) | (12.0M) | |
Retained Earnings | (5.2M) | (7.7M) | (10.2M) | (15.7M) | (45.3M) | (43.0M) | |
Accounts Payable | 978K | 670K | 633K | 3.9M | 3.0M | 1.7M | |
Cash | 2.3M | 16.4M | 31.5M | 21.4M | 13.4M | 15.7M | |
Non Current Assets Total | 20.3M | 19.0M | 17.7M | 30.4M | 13.0M | 18.4M | |
Cash And Short Term Investments | 2.3M | 16.4M | 31.5M | 21.4M | 13.4M | 15.7M | |
Net Receivables | 3.8M | 6.1M | 27.2M | 27.6M | 24.2M | 16.3M | |
Common Stock Shares Outstanding | 31.9M | 92.8M | 143.9M | 150.9M | 153.1M | 105.9M | |
Long Term Debt Total | 11.6M | 461K | 217K | 967K | 870.3K | 826.8K | |
Liabilities And Stockholders Equity | 26.6M | 43.2M | 78.8M | 83.4M | 54.4M | 52.6M | |
Non Current Liabilities Total | 11.7M | 567K | 367K | 4.1M | 4.4M | 2.8M | |
Capital Surpluse | 1.5M | 1.5M | 2.4M | 4.3M | 4.9M | 5.2M | |
Other Current Assets | 576K | 1.1M | 1.7M | 1.3M | 1.7M | 1.2M | |
Other Stockholder Equity | 1.5M | 1.5M | 2.4M | 4.3M | 4.9M | 2.7M | |
Total Liab | 18.9M | 17.3M | 22.3M | 29.9M | 29.1M | 21.5M | |
Net Invested Capital | 18.7M | 31.8M | 56.5M | 53.5M | 61.5M | 35.4M | |
Total Current Assets | 6.2M | 24.1M | 61.1M | 53.0M | 41.4M | 34.2M | |
Accumulated Other Comprehensive Income | 152K | 111K | 179K | (378K) | (153K) | (145.4K) | |
Capital Stock | 11.3M | 31.9M | 64.1M | 65.3M | 75.0M | 38.1M | |
Net Working Capital | (938K) | 7.4M | 39.1M | 27.2M | 31.3M | 16.1M | |
Short Term Debt | 186K | 6.2M | 242K | 268K | 232K | 220.4K | |
Common Stock | 11.3M | 31.9M | 64.1M | 65.3M | 65.8M | 43.8M |
Other Information on Investing in Greenlane Stock
Balance Sheet is a snapshot of the financial position of Greenlane Renewables at a specified time, usually calculated after every quarter, six months, or one year. Greenlane Renewables Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Greenlane Renewables 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 Greenlane currently owns. An asset can also be divided into two categories, current and non-current.