Greenlane Roe vs Ev To Sales 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 Roe and its Ev To Sales 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.
Roe vs Ev To Sales
Roe vs Ev To Sales Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Greenlane Renewables Roe account and Ev To Sales. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Greenlane Renewables' Roe and Ev To Sales is 0.56. Overlapping area represents the amount of variation of Roe that can explain the historical movement of Ev To Sales 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' Roe and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roe of Greenlane Renewables are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Roe i.e., Greenlane Renewables' Roe and Ev To Sales go up and down completely randomly.
Correlation Coefficient | 0.56 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Roe
Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.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.