North Days Sales Outstanding vs Free Cash Flow Yield Analysis

NWC Stock

CAD 52.80 0.54 1.01%

North West financial indicator trend analysis is infinitely more than just investigating North West recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether North West is a good investment. Please check the relationship between North West Days Sales Outstanding and its Free Cash Flow Yield accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in North West. 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 Free Cash Flow Yield

Days Sales Outstanding vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of North West Days Sales Outstanding account and Free Cash Flow Yield. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between North West's Days Sales Outstanding and Free Cash Flow Yield is -0.57. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of North West, assuming nothing else is changed. The correlation between historical values of North West's Days Sales Outstanding and Free Cash Flow Yield 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 North West are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Days Sales Outstanding i.e., North West's Days Sales Outstanding and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.57

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Days Sales Outstanding

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from North West's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into North West 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 North West. 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, North West's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 4th of December 2024, Enterprise Value Multiple is likely to grow to 12.58, while Selling General Administrative is likely to drop about 494.7 M.

	2021	2022	2023	2024 (projected)
Gross Profit	737.8M	747.9M	704.1M	739.4M
Total Revenue	2.2B	2.4B	2.5B	1.4B

Gross Profit Total Revenue

North West fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Current Deferred Revenue	Common Stock Total Equity	Common Stock
Total Assets		0.86	0.27	0.8	0.73	0.83	0.86	0.69	0.95	0.78	0.85	0.54	0.78	0.96	-0.06	0.87	0.95	0.65	-0.64	0.97	0.65	0.97	-0.06	-0.03	0.61	0.53
Short Long Term Debt Total	0.86		0.21	0.56	0.53	0.76	0.97	0.5	0.74	0.53	0.77	0.27	0.53	0.84	0.07	0.95	0.75	0.69	-0.62	0.94	0.45	0.77	-0.14	-0.03	0.48	0.52
Other Current Liab	0.27	0.21		0.61	0.12	0.21	0.19	0.11	0.31	0.63	0.23	0.68	0.63	0.1	0.06	0.11	0.06	-0.1	-0.51	0.3	-0.02	0.18	0.02	-0.82	0.01	0.08
Total Current Liabilities	0.8	0.56	0.61		0.64	0.67	0.54	0.62	0.82	0.87	0.7	0.79	0.87	0.67	-0.01	0.48	0.69	0.34	-0.58	0.73	0.56	0.76	-0.07	-0.4	0.42	0.39
Total Stockholder Equity	0.73	0.53	0.12	0.64		0.93	0.53	0.99	0.69	0.62	0.93	0.54	0.62	0.75	0.5	0.51	0.73	0.49	-0.39	0.62	0.95	0.75	-0.18	0.17	0.83	0.89
Property Plant And Equipment Net	0.83	0.76	0.21	0.67	0.93		0.77	0.92	0.73	0.61	1.0	0.5	0.61	0.83	0.49	0.72	0.75	0.57	-0.54	0.8	0.88	0.79	-0.18	0.06	0.79	0.9
Net Debt	0.86	0.97	0.19	0.54	0.53	0.77		0.49	0.69	0.46	0.77	0.24	0.46	0.85	0.08	0.96	0.73	0.66	-0.66	0.94	0.46	0.75	-0.09	0.0	0.49	0.52
Retained Earnings	0.69	0.5	0.11	0.62	0.99	0.92	0.49		0.64	0.59	0.91	0.54	0.59	0.72	0.5	0.46	0.7	0.45	-0.36	0.58	0.98	0.72	-0.22	0.15	0.85	0.9
Accounts Payable	0.95	0.74	0.31	0.82	0.69	0.73	0.69	0.64		0.86	0.77	0.6	0.86	0.87	-0.12	0.76	0.93	0.57	-0.54	0.89	0.57	0.95	0.08	-0.06	0.53	0.44
Cash	0.78	0.53	0.63	0.87	0.62	0.61	0.46	0.59	0.86		0.64	0.81	1.0	0.68	-0.09	0.5	0.71	0.35	-0.62	0.7	0.5	0.8	-0.08	-0.35	0.41	0.36
Non Current Assets Total	0.85	0.77	0.23	0.7	0.93	1.0	0.77	0.91	0.77	0.64		0.53	0.64	0.84	0.47	0.74	0.77	0.57	-0.55	0.82	0.86	0.81	-0.13	0.05	0.76	0.88
Non Currrent Assets Other	0.54	0.27	0.68	0.79	0.54	0.5	0.24	0.54	0.6	0.81	0.53		0.81	0.41	0.1	0.21	0.38	-0.15	-0.51	0.45	0.5	0.48	-0.01	-0.61	0.22	0.33
Cash And Short Term Investments	0.78	0.53	0.63	0.87	0.62	0.61	0.46	0.59	0.86	1.0	0.64	0.81		0.68	-0.09	0.5	0.71	0.35	-0.62	0.7	0.5	0.8	-0.08	-0.35	0.41	0.36
Net Receivables	0.96	0.84	0.1	0.67	0.75	0.83	0.85	0.72	0.87	0.68	0.84	0.41	0.68		-0.04	0.87	0.95	0.73	-0.58	0.92	0.7	0.96	-0.18	0.16	0.68	0.55
Common Stock Shares Outstanding	-0.06	0.07	0.06	-0.01	0.5	0.49	0.08	0.5	-0.12	-0.09	0.47	0.1	-0.09	-0.04		-0.01	-0.14	-0.03	-0.03	-0.01	0.46	-0.11	-0.06	0.07	0.36	0.77
Non Current Liabilities Total	0.87	0.95	0.11	0.48	0.51	0.72	0.96	0.46	0.76	0.5	0.74	0.21	0.5	0.87	-0.01		0.8	0.69	-0.61	0.95	0.42	0.8	0.0	0.09	0.47	0.46
Inventory	0.95	0.75	0.06	0.69	0.73	0.75	0.73	0.7	0.93	0.71	0.77	0.38	0.71	0.95	-0.14	0.8		0.74	-0.51	0.87	0.66	0.99	-0.06	0.23	0.65	0.48
Other Current Assets	0.65	0.69	-0.1	0.34	0.49	0.57	0.66	0.45	0.57	0.35	0.57	-0.15	0.35	0.73	-0.03	0.69	0.74		-0.24	0.66	0.4	0.72	-0.35	0.43	0.64	0.41
Other Stockholder Equity	-0.64	-0.62	-0.51	-0.58	-0.39	-0.54	-0.66	-0.36	-0.54	-0.62	-0.55	-0.51	-0.62	-0.58	-0.03	-0.61	-0.51	-0.24		-0.69	-0.31	-0.58	0.09	0.22	-0.12	-0.32
Total Liab	0.97	0.94	0.3	0.73	0.62	0.8	0.94	0.58	0.89	0.7	0.82	0.45	0.7	0.92	-0.01	0.95	0.87	0.66	-0.69		0.53	0.9	-0.03	-0.07	0.51	0.5
Property Plant And Equipment Gross	0.65	0.45	-0.02	0.56	0.95	0.88	0.46	0.98	0.57	0.5	0.86	0.5	0.5	0.7	0.46	0.42	0.66	0.4	-0.31	0.53		0.67	-0.28	0.2	0.81	0.85
Total Current Assets	0.97	0.77	0.18	0.76	0.75	0.79	0.75	0.72	0.95	0.8	0.81	0.48	0.8	0.96	-0.11	0.8	0.99	0.72	-0.58	0.9	0.67		-0.11	0.12	0.65	0.5
Short Term Debt	-0.06	-0.14	0.02	-0.07	-0.18	-0.18	-0.09	-0.22	0.08	-0.08	-0.13	-0.01	-0.08	-0.18	-0.06	0.0	-0.06	-0.35	0.09	-0.03	-0.28	-0.11		-0.1	-0.19	-0.16
Current Deferred Revenue	-0.03	-0.03	-0.82	-0.4	0.17	0.06	0.0	0.15	-0.06	-0.35	0.05	-0.61	-0.35	0.16	0.07	0.09	0.23	0.43	0.22	-0.07	0.2	0.12	-0.1		0.23	0.16
Common Stock Total Equity	0.61	0.48	0.01	0.42	0.83	0.79	0.49	0.85	0.53	0.41	0.76	0.22	0.41	0.68	0.36	0.47	0.65	0.64	-0.12	0.51	0.81	0.65	-0.19	0.23		0.79
Common Stock	0.53	0.52	0.08	0.39	0.89	0.9	0.52	0.9	0.44	0.36	0.88	0.33	0.36	0.55	0.77	0.46	0.48	0.41	-0.32	0.5	0.85	0.5	-0.16	0.16	0.79

Click cells to compare fundamentals

North West Account Relationship Matchups

North West fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.2B	1.2B	1.2B	1.3B	1.4B	731.3M
Short Long Term Debt Total	550.1M	402.0M	349.7M	402.5M	405.5M	248.1M
Other Current Liab	11.1M	117.4M	16.4M	9.0M	6.0M	5.7M
Total Current Liabilities	194.1M	315.1M	294.5M	248.6M	250.7M	169.7M
Total Stockholder Equity	413.9M	491.3M	563.6M	629.2M	684.7M	718.9M
Property Plant And Equipment Net	682.9M	639.6M	655.3M	708.9M	759.2M	797.1M
Net Debt	521.9M	330.5M	300.3M	343.7M	352.1M	216.7M
Retained Earnings	211.3M	282.1M	355.7M	407.2M	464.6M	487.8M
Accounts Payable	162.0M	205.2M	204.9M	216.5M	222.3M	119.2M
Cash	28.2M	71.5M	49.4M	58.8M	53.4M	27.3M
Non Current Assets Total	815.9M	794.3M	815.9M	862.0M	893.1M	937.8M
Non Currrent Assets Other	1.3M	50.6M	41.8M	34.1M	15.3M	16.3M
Cash And Short Term Investments	28.2M	71.5M	49.4M	58.8M	53.4M	27.3M
Net Receivables	111.0M	91.4M	99.2M	113.8M	121.6M	79.9M
Common Stock Shares Outstanding	49.4M	49.5M	49.0M	48.6M	48.4M	53.0M
Liabilities And Stockholders Equity	1.2B	1.2B	1.2B	1.3B	1.4B	730.4M
Non Current Liabilities Total	594.5M	370.8M	344.6M	440.4M	439.6M	227.0M
Inventory	248.0M	227.0M	248.0M	293.8M	313.4M	193.1M
Other Current Assets	12.4M	6.9M	6.7M	8.4M	14.5M	7.7M
Other Stockholder Equity	(384.9M)	(456.3M)	12.5M	(583.3M)	9.4M	8.9M
Total Liab	788.6M	685.9M	639.1M	689.0M	690.2M	396.7M
Property Plant And Equipment Gross	682.9M	639.6M	1.5B	1.6B	1.7B	1.8B
Total Current Assets	399.6M	396.9M	403.4M	474.8M	502.9M	308.1M
Accumulated Other Comprehensive Income	20.3M	21.6M	22.4M	32.9M	32.8M	34.5M
Short Term Debt	21.0M	106.8M	64.3M	18.9M	19.7M	18.7M
Current Deferred Revenue	(32.1M)	(114.3M)	(71.9M)	(23.7M)	(21.3M)	(22.4M)
Good Will	49.6M	48.3M	48.5M	50.4M	50.5M	41.3M
Intangible Assets	41.6M	36.2M	34.1M	30.7M	29.8M	30.8M
Other Liab	57.9M	65.4M	75.6M	59.2M	68.1M	63.7M
Net Tangible Assets	314.0M	322.7M	406.9M	481.0M	553.2M	359.7M
Other Assets	29.6M	57.9M	63.6M	29.5M	33.9M	41.8M
Long Term Debt	409.1M	191.0M	189.4M	289.8M	281.3M	279.5M
Long Term Investments	12.3M	12.5M	14.5M	16.2M	16.9M	13.0M
Short Long Term Debt	1.9M	90.5M	46.3M	268K	241.2K	229.1K
Property Plant Equipment	682.9M	639.6M	655.3M	708.9M	815.3M	561.2M
Long Term Debt Total	529.0M	295.2M	285.4M	383.6M	441.2M	377.5M
Non Current Liabilities Other	16.6M	24.7M	23.0M	24.2M	21.7M	24.0M

Pair Trading with North West

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 North West 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 North West will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to North West could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace North West 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 North West - 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 North West to buy it.

The correlation of North West 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 North West moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if North West 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 North West 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.

Pair Correlation Correlation Matching

Other Information on Investing in North Stock

Balance Sheet is a snapshot of the financial position of North West at a specified time, usually calculated after every quarter, six months, or one year. North West Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of North West and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which North currently owns. An asset can also be divided into two categories, current and non-current.

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North Days Sales Outstanding vs Free Cash Flow Yield Analysis

Days Sales Outstanding vs Free Cash Flow Yield

Days Sales Outstanding vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Days Sales Outstanding

Free Cash Flow Yield

North West fundamental ratios Correlations

North West Account Relationship Matchups

High Positive Relationship

High Negative Relationship

North West fundamental ratios Accounts

Pair Trading with North West

Other Information on Investing in North Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Retained Earnings	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Inventory
Property Plant And Equipment Gross	+ 0.98	Retained Earnings
Total Liab	+ 0.97	Total Assets

Current Deferred Revenue	- 0.82	Other Current Liab
Total Liab	- 0.69	Other Stockholder Equity
Other Stockholder Equity	- 0.66	Net Debt
Other Stockholder Equity	- 0.64	Total Assets
Other Stockholder Equity	- 0.62	Cash And Short Term Investments
Other Stockholder Equity	- 0.62	Cash