Myomo Historical Financial Ratios
| MYO Stock | USD 6.21 0.10 1.58% |
Myomo is lately reporting on over 111 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Days Sales Outstanding of 59.9 will help investors to properly organize and evaluate Myomo Inc financial condition quickly.
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About Myomo Financial Ratios Analysis
Myomo IncFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Myomo investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Myomo financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Myomo history.
Myomo Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Myomo Inc stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Myomo sales, a figure that is much harder to manipulate than other Myomo Inc 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.Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.Payout Ratio
Payout Ratio is the proportion of Myomo Inc earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Myomo Inc dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Myomo Inc is paying out more in dividends than it makes in net income.Most ratios from Myomo's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Myomo Inc current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, 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 Myomo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. At this time, Myomo's PTB Ratio is very stable compared to the past year. As of the 11th of December 2024, Days Sales Outstanding is likely to grow to 59.90, while Price To Sales Ratio is likely to drop 7.30.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 4.9 | 9.31 | 5.64 | 3.46 | Days Of Inventory On Hand | 83.25 | 96.37 | 108.65 | 130.72 |
Myomo fundamentals Correlations
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Myomo Account Relationship Matchups
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Myomo fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 1.3 | 2.96 | 2.88 | 0.23 | 7.68 | 7.3 | |
| Ptb Ratio | 2.74 | 1.94 | 2.59 | 0.57 | 16.44 | 17.26 | |
| Days Sales Outstanding | 40.35 | 44.52 | 51.63 | 44.49 | 45.2 | 59.9 | |
| Book Value Per Share | 3.29 | 3.47 | 2.64 | 0.9 | 0.3 | 0.29 | |
| Free Cash Flow Yield | (2.08) | (0.41) | (0.25) | (2.87) | (0.0428) | (0.0449) | |
| Operating Cash Flow Per Share | (18.67) | (2.71) | (1.64) | (1.45) | (0.21) | (0.22) | |
| Stock Based Compensation To Revenue | 0.24 | 0.081 | 0.0791 | 0.0765 | 0.058 | 0.0551 | |
| Capex To Depreciation | 0.55 | 0.42 | 0.97 | 0.21 | 0.28 | 0.27 | |
| Pb Ratio | 2.74 | 1.94 | 2.59 | 0.57 | 16.44 | 17.26 | |
| Ev To Sales | 0.83 | 1.36 | 1.81 | (0.0762) | 7.36 | 6.99 | |
| Free Cash Flow Per Share | (18.77) | (2.73) | (1.69) | (1.47) | (0.21) | (0.22) | |
| Roic | (2.39) | (0.94) | (0.66) | (1.66) | (0.89) | (0.93) | |
| Inventory Turnover | 2.09 | 3.68 | 4.38 | 3.79 | 3.36 | 2.58 | |
| Net Income Per Share | (19.2) | (3.62) | (1.78) | (1.52) | (0.28) | (0.29) | |
| Days Of Inventory On Hand | 174.83 | 99.25 | 83.25 | 96.37 | 108.65 | 130.72 | |
| Payables Turnover | 2.04 | 14.41 | 4.9 | 9.31 | 5.64 | 3.46 | |
| Sales General And Administrative To Revenue | 2.93 | 1.71 | 1.04 | 0.92 | 0.83 | 0.79 | |
| Research And Ddevelopement To Revenue | 0.56 | 0.22 | 0.18 | 0.16 | 0.14 | 0.13 | |
| Capex To Revenue | 0.0135 | 0.006033 | 0.0236 | 0.007187 | 0.007578 | 0.007199 | |
| Cash Per Share | 8.06 | 3.68 | 2.66 | 0.76 | 0.3 | 0.29 | |
| Pocfratio | (0.48) | (2.48) | (4.18) | (0.35) | (23.94) | (25.14) | |
| Interest Coverage | (95.0) | (22.12) | (669.54) | (120.28) | (138.32) | (145.23) | |
| Capex To Operating Cash Flow | (0.0132) | (0.005027) | (0.005065) | (0.0342) | (0.0236) | (0.0248) | |
| Pfcf Ratio | (0.48) | (2.47) | (4.04) | (0.35) | (23.39) | (24.56) | |
| Days Payables Outstanding | 179.04 | 25.34 | 74.5 | 39.22 | 64.67 | 61.43 | |
| Income Quality | 0.97 | 0.78 | 0.92 | 0.95 | 0.76 | 0.68 | |
| Roe | (5.83) | (1.04) | (0.67) | (1.69) | (0.91) | (0.95) | |
| Ev To Operating Cash Flow | (0.31) | (1.14) | (2.63) | 0.12 | (22.93) | (24.07) | |
| Pe Ratio | (0.47) | (1.86) | (3.85) | (0.34) | (18.14) | (19.05) | |
| Return On Tangible Assets | (1.61) | (0.82) | (0.52) | (1.06) | (0.56) | (0.59) | |
| Ev To Free Cash Flow | (0.31) | (1.14) | (2.54) | 0.11 | (22.4) | (23.52) | |
| Earnings Yield | (2.13) | (0.54) | (0.26) | (2.97) | (0.0551) | (0.0579) | |
| Net Debt To E B I T D A | 0.17 | 1.07 | 1.49 | 0.47 | 0.78 | 0.42 | |
| Current Ratio | 1.58 | 5.03 | 4.48 | 2.56 | 2.49 | 2.75 | |
| Tangible Book Value Per Share | 3.29 | 3.47 | 2.64 | 0.9 | 0.3 | 0.29 | |
| Receivables Turnover | 6.39 | 9.05 | 8.2 | 7.07 | 8.08 | 5.74 | |
| Graham Number | 37.73 | 16.81 | 10.29 | 5.55 | 1.38 | 1.31 | |
| Shareholders Equity Per Share | 3.29 | 3.47 | 2.64 | 0.9 | 0.3 | 0.29 |
Pair Trading with Myomo
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Myomo position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Myomo will appreciate offsetting losses from the drop in the long position's value.Moving together with Myomo Stock
Moving against Myomo Stock
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The ability to find closely correlated positions to Myomo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Myomo when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Myomo - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Myomo Inc to buy it.
The correlation of Myomo is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Myomo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Myomo Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Myomo can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Myomo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Myomo. If investors know Myomo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Myomo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.23) | Revenue Per Share 0.835 | Quarterly Revenue Growth 0.813 | Return On Assets (0.31) | Return On Equity (0.83) |
The market value of Myomo Inc is measured differently than its book value, which is the value of Myomo that is recorded on the company's balance sheet. Investors also form their own opinion of Myomo's value that differs from its market value or its book value, called intrinsic value, which is Myomo's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Myomo's market value can be influenced by many factors that don't directly affect Myomo's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Myomo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Myomo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Myomo's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.