NanoTech Price To Sales Ratio vs Days Sales Outstanding Analysis
| NTEK Stock | USD 0.0001 0.00 0.00% |
NanoTech Entertainment financial indicator trend analysis is infinitely more than just investigating NanoTech Entertainment recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NanoTech Entertainment is a good investment. Please check the relationship between NanoTech Entertainment Price To Sales Ratio and its Days Sales Outstanding accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NanoTech Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. For more information on how to buy NanoTech Stock please use our How to buy in NanoTech Stock guide.
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 NanoTech Entertainment Price To Sales Ratio account and Days Sales Outstanding. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between NanoTech Entertainment's Price To Sales Ratio and Days Sales Outstanding is -0.6. 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 NanoTech Entertainment, assuming nothing else is changed. The correlation between historical values of NanoTech Entertainment's 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 NanoTech Entertainment 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., NanoTech Entertainment's Price To Sales Ratio and Days Sales Outstanding go up and down completely randomly.
Correlation Coefficient | -0.6 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing NanoTech Entertainment stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on NanoTech Entertainment sales, a figure that is much harder to manipulate than other NanoTech Entertainment 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 NanoTech Entertainment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NanoTech Entertainment 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 NanoTech Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. For more information on how to buy NanoTech Stock please use our How to buy in NanoTech Stock guide.Enterprise Value is expected to rise to about 24.1 M this year, although the value of Discontinued Operations will most likely fall to (13.8 K).
| 2014 | 2015 | 2023 | 2024 (projected) | Gross Profit | 7.7M | 2.9M | 3.4M | 2.0M | Total Revenue | 11.2M | 17.5M | 20.1M | 21.2M |
NanoTech Entertainment fundamental ratios Correlations
Click cells to compare fundamentals
NanoTech Entertainment Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NanoTech Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. For more information on how to buy NanoTech Stock please use our How to buy in NanoTech Stock guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Movies & Entertainment 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 NanoTech Entertainment. If investors know NanoTech 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 NanoTech Entertainment listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 0.054 |
The market value of NanoTech Entertainment is measured differently than its book value, which is the value of NanoTech that is recorded on the company's balance sheet. Investors also form their own opinion of NanoTech Entertainment's value that differs from its market value or its book value, called intrinsic value, which is NanoTech Entertainment'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 NanoTech Entertainment's market value can be influenced by many factors that don't directly affect NanoTech Entertainment'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 NanoTech Entertainment's value and its price as these two are different measures arrived at by different means. Investors typically determine if NanoTech Entertainment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NanoTech Entertainment'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.