Devonian Inventory vs Other Stockholder Equity Analysis
GSD Stock | CAD 0.20 0.02 9.09% |
Devonian Health financial indicator trend analysis is much more than just examining Devonian Health Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Devonian Health Group is a good investment. Please check the relationship between Devonian Health Inventory and its Other Stockholder Equity accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Devonian Health Group. 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.
Inventory vs Other Stockholder Equity
Inventory vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Devonian Health Group Inventory account and Other Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Devonian Health's Inventory and Other Stockholder Equity is 0.71. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Devonian Health Group, assuming nothing else is changed. The correlation between historical values of Devonian Health's Inventory and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Devonian Health Group are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Inventory i.e., Devonian Health's Inventory and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Inventory
Other Stockholder Equity
Most indicators from Devonian Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Devonian Health Group 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 Devonian Health Group. 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. Selling General Administrative is likely to drop to about 2.4 M in 2024. Tax Provision is likely to climb to about (355.3 K) in 2024
Devonian Health fundamental ratios Correlations
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Devonian Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Devonian Health fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 16.7M | 14.6M | 21.6M | 19.2M | 22.1M | 15.6M | |
Total Current Liabilities | 2.6M | 1.8M | 1.0M | 4.9M | 5.6M | 5.9M | |
Total Stockholder Equity | 9.4M | 7.5M | 16.3M | 14.2M | 16.4M | 9.7M | |
Net Tangible Assets | (1.5M) | (2.3M) | (3.4M) | 6.0M | 6.9M | 7.2M | |
Retained Earnings | (14.0M) | (17.4M) | (20.8M) | (25.4M) | (22.9M) | (21.7M) | |
Accounts Payable | 1.5M | 555.5K | 410.4K | 753.6K | 866.6K | 626.7K | |
Cash | 913.0K | 344.8K | 2.8M | 5.1M | 5.8M | 6.1M | |
Long Term Debt | 4.4M | 4.7M | 5.3M | 4.3M | 4.9M | 4.3M | |
Net Receivables | 282.6K | 175.9K | 220.0K | 663.6K | 763.2K | 801.3K | |
Other Stockholder Equity | 2.3M | 2.8M | 1.3M | 5.9M | 6.7M | 7.1M | |
Total Liab | 7.3M | 7.1M | 5.3M | 4.9M | 5.7M | 5.9M | |
Total Current Assets | 1.7M | 664.2K | 8.4M | 6.3M | 7.3M | 7.7M | |
Intangible Assets | 7.0M | 6.2M | 5.6M | 5.5M | 6.3M | 6.7M | |
Common Stock | 16.8M | 19.0M | 20.2M | 27.6M | 31.7M | 16.1M | |
Property Plant Equipment | 3.6M | 3.3M | 3.1M | 2.9M | 2.6M | 3.0M | |
Non Current Assets Total | 15.0M | 13.9M | 13.2M | 12.8M | 14.8M | 13.0M | |
Non Current Liabilities Total | 4.7M | 5.3M | 4.3M | 72.6K | 83.5K | 79.3K | |
Inventory | 86.6K | 28.2K | 154.6K | 159.8K | 183.8K | 126.1K | |
Common Stock Shares Outstanding | 82.5M | 93.5M | 131.1M | 144.5M | 166.1M | 101.4M | |
Net Invested Capital | 14.0M | 12.8M | 20.5M | 17.8M | 20.5M | 16.9M | |
Net Working Capital | (898.4K) | (1.1M) | 7.4M | 1.5M | 1.7M | 1.3M | |
Net Debt | 4.2M | 3.7M | 4.9M | 1.5M | 1.3M | 1.2M | |
Capital Stock | 19.0M | 20.2M | 27.6M | 29.3M | 33.7M | 23.8M |
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When running Devonian Health's price analysis, check to measure Devonian Health'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 Devonian Health is operating at the current time. Most of Devonian Health's value examination focuses on studying past and present price action to predict the probability of Devonian Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Devonian Health's price. Additionally, you may evaluate how the addition of Devonian Health to your portfolios can decrease your overall portfolio volatility.