Retractable Price To Sales Ratio vs Interest Coverage Analysis

RVP Stock

USD 0.62 0.01 1.64%

Retractable Technologies financial indicator trend analysis is much more than just breaking down Retractable Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Retractable Technologies is a good investment. Please check the relationship between Retractable Technologies Price To Sales Ratio and its Interest Coverage accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Retractable Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

To learn how to invest in Retractable Stock, please use our How to Invest in Retractable Technologies guide.

Price To Sales Ratio vs Interest Coverage

Price To Sales Ratio vs Interest Coverage Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Retractable Technologies Price To Sales Ratio account and Interest Coverage. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Retractable Technologies' Price To Sales Ratio and Interest Coverage is -0.13. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Interest Coverage in the same time period over historical financial statements of Retractable Technologies, assuming nothing else is changed. The correlation between historical values of Retractable Technologies' Price To Sales Ratio and Interest Coverage 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 Retractable Technologies are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Price To Sales Ratio i.e., Retractable Technologies' Price To Sales Ratio and Interest Coverage go up and down completely randomly.

Correlation Coefficient

-0.13

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Price To Sales Ratio

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

Interest Coverage

Most indicators from Retractable Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Retractable Technologies 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Retractable Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

To learn how to invest in Retractable Stock, please use our How to Invest in Retractable Technologies guide.As of 12/02/2024, Sales General And Administrative To Revenue is likely to grow to 0.39, while Selling General Administrative is likely to drop slightly above 13 M.

	2021	2022	2023	2024 (projected)
Interest Expense	227.2K	170.7K	152.2K	197.8K
Depreciation And Amortization	1.3M	4.6M	7.5M	7.9M

Interest Expense Depreciation And Amortization

Retractable Technologies fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Long Term Debt	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	Preferred Stock Total Equity	Total Current Assets	Short Term Debt
Total Assets		-0.69	0.33	0.52	0.99	0.98	0.02	-0.33	0.99	0.54	0.27	0.99	0.95	-0.72	0.86	0.68	0.47	0.99	0.98	0.23	-0.24	0.99	0.97	-0.54	0.89	-0.15
Short Long Term Debt Total	-0.69		-0.26	-0.3	-0.74	-0.66	0.22	0.38	-0.64	-0.35	-0.24	-0.66	-0.59	0.99	-0.67	-0.38	-0.8	-0.63	-0.77	-0.34	0.04	-0.62	-0.66	0.91	-0.63	0.6
Other Current Liab	0.33	-0.26		0.63	0.26	0.25	0.31	-0.51	0.26	0.38	0.49	0.26	0.34	-0.23	0.43	0.37	0.12	0.27	0.26	0.46	0.78	0.39	0.24	-0.21	0.44	-0.32
Total Current Liabilities	0.52	-0.3	0.63		0.41	0.37	0.69	-0.51	0.42	0.95	0.48	0.41	0.68	-0.34	0.44	0.91	0.47	0.43	0.47	0.15	0.14	0.62	0.33	-0.37	0.71	0.08
Total Stockholder Equity	0.99	-0.74	0.26	0.41		0.98	-0.09	-0.35	0.99	0.45	0.28	0.98	0.9	-0.77	0.88	0.58	0.47	0.98	0.98	0.24	-0.26	0.95	0.98	-0.6	0.86	-0.22
Property Plant And Equipment Net	0.98	-0.66	0.25	0.37	0.98		-0.11	-0.21	0.99	0.39	0.15	1.0	0.91	-0.69	0.82	0.55	0.38	1.0	0.96	0.22	-0.28	0.96	1.0	-0.46	0.81	-0.15
Current Deferred Revenue	0.02	0.22	0.31	0.69	-0.09	-0.11		-0.35	-0.05	0.65	0.37	-0.08	0.23	0.19	0.04	0.55	0.05	-0.06	-0.03	-0.15	0.11	0.12	-0.15	0.1	0.27	0.24
Net Debt	-0.33	0.38	-0.51	-0.51	-0.35	-0.21	-0.35		-0.3	-0.44	-0.98	-0.22	-0.32	0.34	-0.62	-0.37	-0.26	-0.21	-0.3	-0.29	-0.4	-0.31	-0.19	0.55	-0.53	0.43
Retained Earnings	0.99	-0.64	0.26	0.42	0.99	0.99	-0.05	-0.3		0.44	0.25	0.99	0.92	-0.67	0.86	0.59	0.37	0.99	0.96	0.22	-0.28	0.97	0.98	-0.48	0.85	-0.14
Accounts Payable	0.54	-0.35	0.38	0.95	0.45	0.39	0.65	-0.44	0.44		0.4	0.42	0.71	-0.4	0.41	0.96	0.59	0.45	0.52	0.06	-0.14	0.62	0.35	-0.45	0.73	0.13
Cash	0.27	-0.24	0.49	0.48	0.28	0.15	0.37	-0.98	0.25	0.4		0.16	0.27	-0.21	0.53	0.31	0.11	0.16	0.22	0.23	0.42	0.25	0.14	-0.43	0.44	-0.33
Non Current Assets Total	0.99	-0.66	0.26	0.41	0.98	1.0	-0.08	-0.22	0.99	0.42	0.16		0.92	-0.69	0.82	0.58	0.39	1.0	0.97	0.21	-0.29	0.97	1.0	-0.46	0.82	-0.15
Other Assets	0.95	-0.59	0.34	0.68	0.9	0.91	0.23	-0.32	0.92	0.71	0.27	0.92		-0.63	0.76	0.8	0.47	0.93	0.92	0.12	-0.28	0.97	0.89	-0.46	0.89	-0.06
Long Term Debt	-0.72	0.99	-0.23	-0.34	-0.77	-0.69	0.19	0.34	-0.67	-0.4	-0.21	-0.69	-0.63		-0.67	-0.45	-0.83	-0.67	-0.81	-0.29	0.11	-0.66	-0.69	0.92	-0.67	0.49
Cash And Short Term Investments	0.86	-0.67	0.43	0.44	0.88	0.82	0.04	-0.62	0.86	0.41	0.53	0.82	0.76	-0.67		0.55	0.4	0.82	0.83	0.38	0.01	0.82	0.81	-0.62	0.91	-0.33
Net Receivables	0.68	-0.38	0.37	0.91	0.58	0.55	0.55	-0.37	0.59	0.96	0.31	0.58	0.8	-0.45	0.55		0.59	0.61	0.65	0.08	-0.22	0.75	0.51	-0.42	0.84	0.18
Common Stock Shares Outstanding	0.47	-0.8	0.12	0.47	0.47	0.38	0.05	-0.26	0.37	0.59	0.11	0.39	0.47	-0.83	0.4	0.59		0.39	0.6	0.14	-0.24	0.45	0.36	-0.84	0.58	-0.3
Non Current Liabilities Total	0.99	-0.63	0.27	0.43	0.98	1.0	-0.06	-0.21	0.99	0.45	0.16	1.0	0.93	-0.67	0.82	0.61	0.39		0.96	0.21	-0.29	0.98	0.99	-0.45	0.83	-0.1
Inventory	0.98	-0.77	0.26	0.47	0.98	0.96	-0.03	-0.3	0.96	0.52	0.22	0.97	0.92	-0.81	0.83	0.65	0.6	0.96		0.21	-0.31	0.95	0.95	-0.63	0.88	-0.23
Other Current Assets	0.23	-0.34	0.46	0.15	0.24	0.22	-0.15	-0.29	0.22	0.06	0.23	0.21	0.12	-0.29	0.38	0.08	0.14	0.21	0.21		0.39	0.22	0.22	-0.26	0.29	-0.51
Other Stockholder Equity	-0.24	0.04	0.78	0.14	-0.26	-0.28	0.11	-0.4	-0.28	-0.14	0.42	-0.29	-0.28	0.11	0.01	-0.22	-0.24	-0.29	-0.31	0.39		-0.22	-0.28	0.02	-0.14	-0.39
Total Liab	0.99	-0.62	0.39	0.62	0.95	0.96	0.12	-0.31	0.97	0.62	0.25	0.97	0.97	-0.66	0.82	0.75	0.45	0.98	0.95	0.22	-0.22		0.95	-0.48	0.9	-0.07
Property Plant And Equipment Gross	0.97	-0.66	0.24	0.33	0.98	1.0	-0.15	-0.19	0.98	0.35	0.14	1.0	0.89	-0.69	0.81	0.51	0.36	0.99	0.95	0.22	-0.28	0.95		-0.45	0.78	-0.18
Preferred Stock Total Equity	-0.54	0.91	-0.21	-0.37	-0.6	-0.46	0.1	0.55	-0.48	-0.45	-0.43	-0.46	-0.46	0.92	-0.62	-0.42	-0.84	-0.45	-0.63	-0.26	0.02	-0.48	-0.45		-0.61	0.47
Total Current Assets	0.89	-0.63	0.44	0.71	0.86	0.81	0.27	-0.53	0.85	0.73	0.44	0.82	0.89	-0.67	0.91	0.84	0.58	0.83	0.88	0.29	-0.14	0.9	0.78	-0.61		-0.14
Short Term Debt	-0.15	0.6	-0.32	0.08	-0.22	-0.15	0.24	0.43	-0.14	0.13	-0.33	-0.15	-0.06	0.49	-0.33	0.18	-0.3	-0.1	-0.23	-0.51	-0.39	-0.07	-0.18	0.47	-0.14

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Retractable Technologies Account Relationship Matchups

Retractable Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	39.2M	105.0M	206.3M	195.7M	179.7M	188.7M
Short Long Term Debt Total	2.6M	3.7M	2.1M	1.8M	1.5M	1.5M
Other Current Liab	2.0M	4.6M	7.3M	4.9M	4.1M	3.7M
Total Current Liabilities	8.3M	27.9M	35.3M	12.1M	9.4M	12.0M
Total Stockholder Equity	28.5M	49.9M	99.2M	106.5M	99.3M	104.3M
Property Plant And Equipment Net	10.6M	30.8M	87.9M	100.2M	93.5M	98.2M
Current Deferred Revenue	998.6K	1.7M	2.3M	435.9K	201.5K	191.4K
Net Debt	(3.3M)	(13.8M)	(27.1M)	(17.9M)	(11.1M)	(11.7M)
Retained Earnings	(33.9M)	(9.7M)	41.2M	46.0M	38.8M	40.7M
Accounts Payable	5.0M	16.3M	20.4M	6.4M	4.8M	6.3M
Cash	5.9M	17.6M	29.2M	19.7M	12.7M	17.7M
Non Current Assets Total	10.8M	35.5M	101.8M	106.9M	102.0M	107.1M
Other Assets	56.3K	4.6M	13.9M	6.7M	7.7M	8.1M
Long Term Debt	2.4M	2.7M	1.8M	1.5M	1.2M	1.2M
Cash And Short Term Investments	13.7M	25.6M	42.4M	49.4M	47.3M	28.6M
Net Receivables	6.6M	32.9M	40.8M	17.5M	11.8M	8.7M
Common Stock Shares Outstanding	32.7M	33.3M	34.2M	33.0M	29.9M	29.7M
Liabilities And Stockholders Equity	39.2M	105.0M	206.3M	195.7M	179.7M	188.7M
Non Current Liabilities Total	2.4M	27.2M	71.8M	77.0M	71.0M	74.6M
Inventory	7.5M	10.2M	20.6M	20.7M	17.6M	18.5M
Other Current Assets	635.2K	684.3K	702.0K	1.3M	952.7K	667.4K
Other Stockholder Equity	61.7M	59.3M	57.8M	60.3M	60.3M	57.3M
Total Liab	10.6M	55.1M	107.1M	89.1M	80.4M	84.4M
Property Plant And Equipment Gross	10.6M	30.8M	115.5M	132.3M	133.2M	139.9M
Total Current Assets	28.4M	69.5M	104.5M	88.8M	77.6M	46.5M
Accumulated Other Comprehensive Income	(25.4M)	0.0	5.3M	12.9M	12.9M	13.5M
Short Term Debt	260.9K	1.0M	289.1K	286.0K	304.0K	417.6K
Property Plant Equipment	10.6M	30.9M	87.9M	100.2M	115.2M	120.9M
Non Currrent Assets Other	138.7K	44.6K	5.7K	184.5K	152.1K	84.6K
Net Tangible Assets	27.8M	49.6M	98.9M	106.3M	122.3M	128.4M
Retained Earnings Total Equity	(35.7M)	(37.0M)	(33.9M)	(9.7M)	(8.7M)	(9.1M)
Short Term Investments	7.8M	8.1M	13.3M	29.7M	34.6M	36.4M
Long Term Debt Total	2.4M	2.7M	1.8M	1.5M	1.4M	2.4M
Capital Surpluse	61.7M	59.3M	63.0M	73.2M	84.1M	67.4M
Short Long Term Debt	260.9K	1.0M	289.1K	286.0K	304.0K	419.9K

Pair Trading with Retractable Technologies

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 Retractable Technologies 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 Retractable Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving together with Retractable Stock

0.7

Cigna Corp

Pair Corr

Moving against Retractable Stock

0.91	ELMD	Electromed	Pair Corr
0.77	DOCS	Doximity	Pair Corr
0.75	MD	Mednax Inc	Pair Corr
0.73	VREX	Varex Imaging Corp	Pair Corr
0.73	ECOR	Electrocore LLC	Pair Corr

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

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

Additional Tools for Retractable Stock Analysis

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

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