High Price To Sales Ratio vs Capex To Depreciation Analysis

HITI Stock

CAD 4.39 0.09 2.01%

High Tide financial indicator trend analysis is much more than just examining High Tide latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether High Tide is a good investment. Please check the relationship between High Tide Price To Sales Ratio and its Capex To Depreciation accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in High Tide. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy High Stock please use our How to Invest in High Tide guide.

Price To Sales Ratio vs Capex To Depreciation

Price To Sales Ratio vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of High Tide Price To Sales Ratio account and Capex To Depreciation. At this time, the significance of the direction appears to have strong relationship.

The correlation between High Tide's Price To Sales Ratio and Capex To Depreciation is 0.73. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of High Tide, assuming nothing else is changed. The correlation between historical values of High Tide's Price To Sales Ratio and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of High Tide are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Price To Sales Ratio i.e., High Tide's Price To Sales Ratio and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

0.73

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Price To Sales Ratio

Price to Sales Ratio is figured by comparing High Tide stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on High Tide sales, a figure that is much harder to manipulate than other High Tide 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.

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Most indicators from High Tide's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into High Tide 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 High Tide. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy High Stock please use our How to Invest in High Tide guide.At this time, High Tide's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.41 in 2024, despite the fact that Tax Provision is likely to grow to (6.5 M).

	2021	2022	2023	2024 (projected)
Gross Profit	101.0M	131.3M	151.0M	158.6M
Total Revenue	356.9M	487.7M	560.8M	588.9M

Gross Profit Total Revenue

High Tide fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment
Total Assets		0.94	0.7	0.93	0.99	0.71	0.99	0.76	-0.95	0.89	0.94	1.0	0.9	0.72	0.94	0.9	0.96	0.21	0.91	0.97	0.71	0.92	0.97	0.65	0.98	0.99
Short Long Term Debt Total	0.94		0.52	0.96	0.91	0.55	0.97	0.86	-0.92	0.87	0.92	0.93	0.8	0.59	0.92	0.79	0.92	0.01	0.86	0.95	0.61	0.9	0.94	0.82	0.94	0.97
Other Current Liab	0.7	0.52		0.64	0.71	0.43	0.67	0.4	-0.63	0.65	0.59	0.71	0.67	0.49	0.61	0.89	0.68	0.7	0.68	0.64	0.25	0.7	0.64	0.16	0.67	0.66
Total Current Liabilities	0.93	0.96	0.64		0.9	0.52	0.93	0.77	-0.93	0.77	0.94	0.91	0.74	0.45	0.94	0.83	0.94	0.13	0.78	0.96	0.55	0.87	0.95	0.84	0.95	0.94
Total Stockholder Equity	0.99	0.91	0.71	0.9		0.76	0.97	0.71	-0.94	0.87	0.93	0.99	0.92	0.74	0.94	0.89	0.95	0.22	0.89	0.96	0.74	0.9	0.96	0.6	0.98	0.97
Net Tangible Assets	0.71	0.55	0.43	0.52	0.76		0.69	0.24	-0.74	0.6	0.77	0.69	0.69	0.8	0.77	0.57	0.75	-0.09	0.58	0.7	0.63	0.53	0.74	0.25	0.75	0.69
Property Plant And Equipment Net	0.99	0.97	0.67	0.93	0.97	0.69		0.79	-0.95	0.92	0.95	0.98	0.88	0.74	0.95	0.88	0.96	0.13	0.92	0.96	0.65	0.92	0.97	0.67	0.97	1.0
Net Debt	0.76	0.86	0.4	0.77	0.71	0.24	0.79		-0.71	0.86	0.64	0.78	0.76	0.49	0.65	0.72	0.66	0.03	0.87	0.71	0.59	0.9	0.69	0.69	0.7	0.79
Retained Earnings	-0.95	-0.92	-0.63	-0.93	-0.94	-0.74	-0.95	-0.71		-0.83	-0.98	-0.92	-0.82	-0.63	-0.98	-0.86	-0.98	-0.01	-0.82	-0.98	-0.61	-0.88	-0.98	-0.72	-0.98	-0.96
Accounts Payable	0.89	0.87	0.65	0.77	0.87	0.6	0.92	0.86	-0.83		0.79	0.9	0.92	0.83	0.8	0.89	0.83	0.15	0.98	0.82	0.6	0.95	0.82	0.48	0.84	0.91
Cash	0.94	0.92	0.59	0.94	0.93	0.77	0.95	0.64	-0.98	0.79		0.91	0.78	0.63	1.0	0.8	0.99	-0.01	0.77	0.98	0.59	0.82	0.99	0.74	0.98	0.96
Non Current Assets Total	1.0	0.93	0.71	0.91	0.99	0.69	0.98	0.78	-0.92	0.9	0.91		0.92	0.73	0.91	0.9	0.93	0.25	0.93	0.94	0.72	0.93	0.95	0.62	0.97	0.98
Non Currrent Assets Other	0.9	0.8	0.67	0.74	0.92	0.69	0.88	0.76	-0.82	0.92	0.78	0.92		0.82	0.79	0.87	0.81	0.28	0.93	0.82	0.77	0.91	0.83	0.44	0.86	0.87
Other Assets	0.72	0.59	0.49	0.45	0.74	0.8	0.74	0.49	-0.63	0.83	0.63	0.73	0.82		0.63	0.65	0.66	0.11	0.8	0.62	0.59	0.66	0.64	0.09	0.67	0.72
Cash And Short Term Investments	0.94	0.92	0.61	0.94	0.94	0.77	0.95	0.65	-0.98	0.8	1.0	0.91	0.79	0.63		0.81	0.99	0.0	0.77	0.98	0.59	0.83	0.99	0.74	0.98	0.96
Net Receivables	0.9	0.79	0.89	0.83	0.89	0.57	0.88	0.72	-0.86	0.89	0.8	0.9	0.87	0.65	0.81		0.86	0.39	0.9	0.85	0.51	0.94	0.85	0.45	0.87	0.88
Common Stock Shares Outstanding	0.96	0.92	0.68	0.94	0.95	0.75	0.96	0.66	-0.98	0.83	0.99	0.93	0.81	0.66	0.99	0.86		0.08	0.81	0.99	0.55	0.85	0.99	0.69	0.99	0.97
Short Term Investments	0.21	0.01	0.7	0.13	0.22	-0.09	0.13	0.03	-0.01	0.15	-0.01	0.25	0.28	0.11	0.0	0.39	0.08		0.22	0.08	0.01	0.2	0.07	-0.24	0.11	0.12
Non Current Liabilities Total	0.91	0.86	0.68	0.78	0.89	0.58	0.92	0.87	-0.82	0.98	0.77	0.93	0.93	0.8	0.77	0.9	0.81	0.22		0.81	0.67	0.97	0.82	0.47	0.84	0.91
Inventory	0.97	0.95	0.64	0.96	0.96	0.7	0.96	0.71	-0.98	0.82	0.98	0.94	0.82	0.62	0.98	0.85	0.99	0.08	0.81		0.6	0.86	1.0	0.75	0.99	0.97
Other Current Assets	0.71	0.61	0.25	0.55	0.74	0.63	0.65	0.59	-0.61	0.6	0.59	0.72	0.77	0.59	0.59	0.51	0.55	0.01	0.67	0.6		0.66	0.62	0.46	0.66	0.63
Total Liab	0.92	0.9	0.7	0.87	0.9	0.53	0.92	0.9	-0.88	0.95	0.82	0.93	0.91	0.66	0.83	0.94	0.85	0.2	0.97	0.86	0.66		0.86	0.61	0.88	0.92
Total Current Assets	0.97	0.94	0.64	0.95	0.96	0.74	0.97	0.69	-0.98	0.82	0.99	0.95	0.83	0.64	0.99	0.85	0.99	0.07	0.82	1.0	0.62	0.86		0.73	1.0	0.98
Short Term Debt	0.65	0.82	0.16	0.84	0.6	0.25	0.67	0.69	-0.72	0.48	0.74	0.62	0.44	0.09	0.74	0.45	0.69	-0.24	0.47	0.75	0.46	0.61	0.73		0.71	0.69
Common Stock	0.98	0.94	0.67	0.95	0.98	0.75	0.97	0.7	-0.98	0.84	0.98	0.97	0.86	0.67	0.98	0.87	0.99	0.11	0.84	0.99	0.66	0.88	1.0	0.71		0.98
Property Plant Equipment	0.99	0.97	0.66	0.94	0.97	0.69	1.0	0.79	-0.96	0.91	0.96	0.98	0.87	0.72	0.96	0.88	0.97	0.12	0.91	0.97	0.63	0.92	0.98	0.69	0.98

Click cells to compare fundamentals

High Tide Account Relationship Matchups

High Tide fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	69.8M	246.2M	274.7M	233.4M	268.4M	281.8M
Short Long Term Debt Total	47.0M	55.4M	69.9M	72.5M	83.4M	87.6M
Other Current Liab	2.5M	17.4M	13.4M	12.2M	14.0M	9.4M
Total Current Liabilities	27.5M	40.8M	59.9M	58.1M	66.9M	70.2M
Total Stockholder Equity	10.2M	147.2M	156.4M	131.6M	151.3M	158.9M
Net Tangible Assets	(2.6M)	(7.9M)	4.9M	10.9M	12.5M	13.1M
Property Plant And Equipment Net	29.5M	52.7M	62.0M	57.8M	66.5M	69.8M
Net Debt	39.4M	41.4M	44.8M	42.4M	48.8M	27.6M
Retained Earnings	(34.4M)	(87.8M)	(168.1M)	(205.9M)	(185.3M)	(176.1M)
Accounts Payable	6.4M	8.7M	7.7M	8.4M	9.6M	5.2M
Cash	7.5M	14.0M	25.1M	30.1M	34.6M	36.4M
Non Current Assets Total	50.5M	199.9M	210.7M	164.8M	189.5M	198.9M
Non Currrent Assets Other	1.0M	4.4M	3.0M	3.3M	3.8M	2.1M
Other Assets	3.4M	3.0M	4.9M	3.2M	3.7M	3.1M
Cash And Short Term Investments	7.6M	14.9M	25.3M	30.3M	34.8M	36.5M
Net Receivables	2.9M	7.5M	8.2M	7.6M	8.7M	4.9M
Common Stock Shares Outstanding	15.3M	42.4M	62.8M	74.3M	85.5M	89.8M
Liabilities And Stockholders Equity	69.8M	246.2M	274.7M	233.4M	268.4M	281.8M
Non Current Liabilities Total	30.6M	53.4M	52.8M	41.6M	47.8M	27.4M
Inventory	5.7M	17.0M	23.4M	26.0M	29.9M	31.4M
Other Current Assets	3.1M	6.9M	7.2M	4.8M	5.6M	4.6M
Total Liab	58.1M	94.2M	112.7M	99.7M	114.7M	60.5M
Total Current Assets	19.3M	46.3M	64.1M	68.6M	78.9M	82.9M
Short Term Debt	18.6M	12.3M	26.7M	32.2M	37.0M	38.9M
Common Stock	32.6M	208.9M	279.5M	288.0M	331.2M	347.8M
Property Plant Equipment	12.4M	29.5M	52.7M	62.0M	71.3M	74.9M
Capital Lease Obligations	16.7M	29.8M	33.8M	35.0M	40.3M	42.3M
Other Stockholder Equity	4.7M	15.2M	23.1M	30.7M	35.4M	37.1M
Net Invested Capital	40.5M	172.9M	192.5M	169.0M	194.4M	97.9M
Short Long Term Debt	16.4M	6.5M	19.1M	25.0M	28.7M	30.2M
Accumulated Other Comprehensive Income	(487K)	(648K)	5.7M	18.7M	21.5M	22.6M
Net Working Capital	(8.2M)	5.5M	4.1M	10.5M	12.1M	12.7M
Capital Stock	32.6M	208.9M	279.5M	288.0M	331.2M	347.8M
Intangible Assets	12.0M	62.3M	62.1M	27.3M	31.4M	31.6M
Long Term Debt	13.9M	19.1M	17.0M	12.5M	11.3M	13.2M
Good Will	6.1M	79.9M	83.4M	76.2M	87.6M	54.9M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for High Stock Analysis

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC