Iconic Price To Sales Ratio vs Days Sales Outstanding Analysis

ICM Stock  CAD 0.01  0.00  0.00%   
Iconic Minerals financial indicator trend analysis is infinitely more than just investigating Iconic Minerals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Iconic Minerals is a good investment. Please check the relationship between Iconic Minerals Price To Sales Ratio and its Days Sales Outstanding accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Iconic Minerals. 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.

Price To Sales Ratio vs Days Sales Outstanding

Price To Sales Ratio vs Days Sales Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Iconic Minerals Price To Sales Ratio account and Days Sales Outstanding. At this time, the significance of the direction appears to have totally related.
The correlation between Iconic Minerals' Price To Sales Ratio and Days Sales Outstanding is 1.0. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of Iconic Minerals, assuming nothing else is changed. The correlation between historical values of Iconic Minerals' Price To Sales Ratio and Days Sales Outstanding 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 Iconic Minerals are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Price To Sales Ratio i.e., Iconic Minerals' Price To Sales Ratio and Days Sales Outstanding go up and down completely randomly.

Correlation Coefficient

1.0
Relationship DirectionPositive 
Relationship StrengthVery Strong

Price To Sales Ratio

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

Days Sales Outstanding

Most indicators from Iconic Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Iconic Minerals 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 Iconic Minerals. 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, Iconic Minerals' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 6 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 40.14 in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense82.7K34.6K31.1K29.6K
Research Development230.9K361.4K415.6K436.4K

Iconic Minerals fundamental ratios Correlations

0.350.730.850.570.560.01-0.580.610.410.53-0.420.270.60.070.260.720.70.70.08-0.270.170.530.550.380.65
0.350.160.13-0.020.610.39-0.73-0.040.00.550.380.010.090.530.020.41-0.070.8-0.06-0.030.0-0.040.00.21-0.09
0.730.160.950.00.590.39-0.530.51-0.190.59-0.11-0.230.30.270.010.870.340.53-0.26-0.27-0.210.290.290.290.1
0.850.130.950.180.580.27-0.590.610.110.58-0.24-0.090.440.210.050.880.490.59-0.21-0.32-0.140.360.450.40.29
0.57-0.020.00.18-0.17-0.680.110.560.6-0.2-0.740.790.66-0.590.59-0.150.830.070.65-0.110.70.720.610.210.94
0.560.610.590.58-0.170.7-0.83-0.1-0.011.00.38-0.53-0.180.84-0.510.84-0.20.73-0.68-0.05-0.6-0.35-0.04-0.01-0.11
0.010.390.390.27-0.680.7-0.59-0.32-0.370.720.64-0.76-0.450.86-0.570.6-0.60.39-0.78-0.32-0.74-0.62-0.32-0.05-0.61
-0.58-0.73-0.53-0.590.11-0.83-0.59-0.18-0.16-0.8-0.290.25-0.17-0.710.17-0.80.01-0.930.430.150.340.12-0.24-0.430.1
0.61-0.040.510.610.56-0.1-0.32-0.180.24-0.13-0.520.50.79-0.440.660.240.830.280.49-0.290.490.80.740.620.51
0.410.0-0.190.110.6-0.01-0.37-0.160.24-0.02-0.480.530.45-0.180.210.00.50.250.22-0.190.270.250.420.30.68
0.530.550.590.58-0.21.00.72-0.8-0.13-0.020.38-0.57-0.220.85-0.550.84-0.230.68-0.73-0.04-0.65-0.39-0.07-0.05-0.13
-0.420.38-0.11-0.24-0.740.380.64-0.29-0.52-0.480.38-0.7-0.640.68-0.660.13-0.810.13-0.580.2-0.63-0.75-0.51-0.19-0.8
0.270.01-0.23-0.090.79-0.53-0.760.250.50.53-0.57-0.70.8-0.780.82-0.390.790.020.93-0.240.960.830.570.440.75
0.60.090.30.440.66-0.18-0.45-0.170.790.45-0.22-0.640.8-0.550.740.120.880.380.69-0.410.750.890.870.80.68
0.070.530.270.21-0.590.840.86-0.71-0.44-0.180.850.68-0.78-0.55-0.70.62-0.640.52-0.870.09-0.83-0.74-0.4-0.18-0.56
0.260.020.010.050.59-0.51-0.570.170.660.21-0.55-0.660.820.74-0.7-0.240.760.060.87-0.240.870.840.50.460.54
0.720.410.870.88-0.150.840.6-0.80.240.00.840.13-0.390.120.62-0.240.110.76-0.52-0.22-0.45-0.030.130.24-0.01
0.7-0.070.340.490.83-0.2-0.60.010.830.5-0.23-0.810.790.88-0.640.760.110.210.69-0.280.730.930.70.480.86
0.70.80.530.590.070.730.39-0.930.280.250.680.130.020.380.520.060.760.21-0.16-0.19-0.070.120.330.510.11
0.08-0.06-0.26-0.210.65-0.68-0.780.430.490.22-0.73-0.580.930.69-0.870.87-0.520.69-0.16-0.150.980.820.450.350.57
-0.27-0.03-0.27-0.32-0.11-0.05-0.320.15-0.29-0.19-0.040.2-0.24-0.410.09-0.24-0.22-0.28-0.19-0.15-0.21-0.28-0.35-0.45-0.21
0.170.0-0.21-0.140.7-0.6-0.740.340.490.27-0.65-0.630.960.75-0.830.87-0.450.73-0.070.98-0.210.860.520.40.62
0.53-0.040.290.360.72-0.35-0.620.120.80.25-0.39-0.750.830.89-0.740.84-0.030.930.120.82-0.280.860.670.520.7
0.550.00.290.450.61-0.04-0.32-0.240.740.42-0.07-0.510.570.87-0.40.50.130.70.330.45-0.350.520.670.820.58
0.380.210.290.40.21-0.01-0.05-0.430.620.3-0.05-0.190.440.8-0.180.460.240.480.510.35-0.450.40.520.820.22
0.65-0.090.10.290.94-0.11-0.610.10.510.68-0.13-0.80.750.68-0.560.54-0.010.860.110.57-0.210.620.70.580.22
Click cells to compare fundamentals

Iconic Minerals Account Relationship Matchups

Iconic Minerals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.6M7.0M9.0M4.3M4.9M5.4M
Short Long Term Debt Total2.1M2.1M1.8M1.7M1.9M2.1M
Other Current Liab1.8M1.1M4.9M765.9K880.8K1.3M
Total Current Liabilities2.2M2.8M5.9M1.4M1.6M1.7M
Total Stockholder Equity438.0K2.5M1.6M2.9M2.6M1.7M
Property Plant And Equipment Net3.8M4.4M5.0M1.3M1.5M1.4M
Net Debt1.9M591.6K1.6M(319.4K)(367.3K)(348.9K)
Retained Earnings(46.8M)(48.0M)(49.0M)(31.5M)(28.3M)(29.7M)
Accounts Payable285.3K373.8K841.7K597.7K687.3K416.1K
Cash117.6K1.2M52.5K319.4K367.3K268.6K
Non Current Assets Total3.8M4.4M5.0M1.3M1.5M1.4M
Cash And Short Term Investments643.5K1.5M137.4K2.4M2.8M2.9M
Common Stock Shares Outstanding92.2M114.8M131.5M133.9M154.0M161.7M
Liabilities And Stockholders Equity4.6M7.0M9.0M4.3M4.9M5.4M
Non Current Liabilities Total2.0M1.7M1.6M27.1K24.4K23.2K
Other Current Assets125K7.7K112.6K203.2K233.7K245.4K
Total Liab4.1M4.6M7.4M1.4M1.6M3.0M
Total Current Assets801.9K2.7M4.0M3.0M3.4M3.6M
Common Stock42.9M45.2M45.7M28.5M32.8M40.2M
Net Receivables33.4K18.7K16.2K381.7K438.9K460.9K
Other Stockholder Equity182.9K233.6K(115.7K)251.6K226.4K215.1K
Accumulated Other Comprehensive Income4.1M5.0M5.0M5.6M6.4M3.8M
Short Term Investments525.9K291.5K84.8K2.1M2.4M2.5M
Short Term Debt150K90K130K140K172.5K104.0K
Other Liab65.0K52.4K50.4K52.2K60.0K52.7K
Net Tangible Assets(1.2M)438.0K2.5M1.6M1.8M1.9M
Long Term Debt2.0M1.9M1.7M1.5M1.4M1.5M
Short Long Term Debt150K90K130K140K172.5K109.4K
Property Plant Equipment3.3M3.7M4.3M4.7M5.4M4.3M
Net Invested Capital2.5M4.3M3.2M2.9M3.3M2.8M
Net Working Capital(1.4M)(147.2K)(1.9M)1.6M1.9M2.0M
Capital Stock42.9M45.2M45.7M28.5M25.7M32.8M

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