Lumine Days Sales Outstanding vs Ptb Ratio Analysis
| LMN Stock | 44.19 0.29 0.66% |
Lumine financial indicator trend analysis is infinitely more than just investigating Lumine Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lumine Group is a good investment. Please check the relationship between Lumine Days Sales Outstanding and its Ptb Ratio accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lumine 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.
Days Sales Outstanding vs Ptb Ratio
Days Sales Outstanding vs Ptb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lumine Group Days Sales Outstanding account and Ptb Ratio. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Lumine's Days Sales Outstanding and Ptb Ratio is 0.51. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Lumine Group, assuming nothing else is changed. The correlation between historical values of Lumine's Days Sales Outstanding and Ptb 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 Days Sales Outstanding of Lumine Group are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Days Sales Outstanding i.e., Lumine's Days Sales Outstanding and Ptb Ratio go up and down completely randomly.
Correlation Coefficient | 0.51 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Days Sales Outstanding
Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Most indicators from Lumine's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lumine 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lumine 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. Tax Provision is likely to drop to about 7 M in 2024. Selling General Administrative is likely to drop to about 30 M in 2024
| 2010 | 2022 | 2023 | 2024 (projected) | Gross Profit | 103.1M | 116.8M | 233.7M | 166.3M | Total Revenue | 228.4M | 255.7M | 499.7M | 360.7M |
Lumine fundamental ratios Correlations
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Lumine Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Additional Tools for Lumine Stock Analysis
When running Lumine's price analysis, check to measure Lumine'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 Lumine is operating at the current time. Most of Lumine's value examination focuses on studying past and present price action to predict the probability of Lumine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lumine's price. Additionally, you may evaluate how the addition of Lumine to your portfolios can decrease your overall portfolio volatility.