Sleep Historical Financial Ratios
| SNBR Stock | USD 20.41 0.70 3.55% |
Sleep Number is promptly reporting on over 110 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 Operating Cash Flow Per Share of 1.86, Average Payables of 101.7 M, Stock Based Compensation To Revenue of 0.0064 or Capex To Depreciation of 1.51 will help investors to properly organize and evaluate Sleep Number Corp financial condition quickly.
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About Sleep Financial Ratios Analysis
Sleep Number CorpFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Sleep Number 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 Sleep financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Sleep Number history.
Sleep Number Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Sleep Number Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Sleep Number sales, a figure that is much harder to manipulate than other Sleep Number Corp 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.Operating Cash Flow Per Share
A measure of the cash generated from a company's normal business operations per share, indicating how much cash is generated from a company's business operations on a per-share basis.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.Payables Turnover
A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.Ev To Free Cash Flow
A valuation metric comparing the company's enterprise value to its free cash flow, used to evaluate whether a company is undervalued or overvalued.Most ratios from Sleep Number's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Sleep Number Corp 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sleep Number Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. At this time, Sleep Number's Payables Turnover is relatively stable compared to the past year. As of 12/12/2024, Sales General And Administrative To Revenue is likely to grow to 0.09, though PTB Ratio is likely to grow to (1.45).
| 2016 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 4.76 | 5.18 | 5.95 | 6.55 | Days Of Inventory On Hand | 54.65 | 45.64 | 41.07 | 32.68 |
Sleep Number fundamentals Correlations
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Sleep Number Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Sleep Number
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 Sleep Number 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 Sleep Number will appreciate offsetting losses from the drop in the long position's value.Moving together with Sleep Stock
Moving against Sleep Stock
The ability to find closely correlated positions to Sleep Number could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sleep Number 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 Sleep Number - 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 Sleep Number Corp to buy it.
The correlation of Sleep Number 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 Sleep Number moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sleep Number Corp 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 Sleep Number 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.Additional Tools for Sleep Stock Analysis
When running Sleep Number's price analysis, check to measure Sleep Number'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 Sleep Number is operating at the current time. Most of Sleep Number's value examination focuses on studying past and present price action to predict the probability of Sleep Number's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sleep Number's price. Additionally, you may evaluate how the addition of Sleep Number to your portfolios can decrease your overall portfolio volatility.