Solar Ev To Sales vs Days Sales Outstanding Analysis

SOLR Stock

CAD 0.03 0.01 25.00%

Solar Alliance financial indicator trend analysis is much more than just breaking down Solar Alliance Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Solar Alliance Energy is a good investment. Please check the relationship between Solar Alliance Ev To Sales and its Days Sales Outstanding accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Solar Alliance Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Ev To Sales vs Days Sales Outstanding

Ev To Sales vs Days Sales Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Solar Alliance Energy Ev To Sales account and Days Sales Outstanding. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Solar Alliance's Ev To Sales and Days Sales Outstanding is -0.4. Overlapping area represents the amount of variation of Ev To Sales that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of Solar Alliance Energy, assuming nothing else is changed. The correlation between historical values of Solar Alliance's Ev To Sales 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 Ev To Sales of Solar Alliance Energy 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 Ev To Sales i.e., Solar Alliance's Ev To Sales and Days Sales Outstanding go up and down completely randomly.

Correlation Coefficient

-0.4

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.

Days Sales Outstanding

Most indicators from Solar Alliance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Solar Alliance Energy 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Solar Alliance Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Enterprise Value is likely to climb to about 18.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.9 M in 2024.

	2023	2024 (projected)
Research Development	4.6M	4.8M
Interest Expense	7.0K	6.6K

Research Development Interest Expense

Solar Alliance fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Inventory	Other Current Assets	Short Term Debt	Intangible Assets	Other Current Liab	Non Current Liabilities Total	Other Liab	Net Tangible Assets	Current Deferred Revenue
Total Assets		0.79	-0.25	0.69	0.02	0.52	0.4	0.4	-0.44	-0.44	0.66	0.77	0.34	0.74	0.27	0.88	0.76	-0.51	0.51	0.76	-0.25	0.68	0.52	0.62	-0.11	-0.27
Total Current Liabilities	0.79		-0.78	0.94	-0.21	0.68	0.21	0.2	-0.52	-0.42	0.59	0.99	0.18	0.95	0.05	0.66	0.65	-0.25	0.29	0.96	-0.34	0.55	0.7	0.49	-0.2	-0.18
Total Stockholder Equity	-0.25	-0.78		-0.81	0.3	-0.51	0.0	0.0	0.38	0.27	-0.27	-0.8	0.04	-0.78	0.19	-0.18	-0.27	-0.09	0.11	-0.75	0.23	-0.23	-0.72	-0.19	0.2	0.04
Net Debt	0.69	0.94	-0.81		-0.1	0.49	0.03	0.03	-0.61	-0.41	0.45	0.95	-0.06	0.99	0.08	0.68	0.75	-0.3	0.37	0.98	-0.15	0.49	0.77	0.51	-0.2	-0.18
Retained Earnings	0.02	-0.21	0.3	-0.1		-0.42	-0.15	-0.15	-0.5	-0.66	-0.05	-0.21	-0.33	-0.12	-0.11	0.41	0.38	-0.24	0.57	-0.11	0.88	0.51	-0.08	0.51	-0.13	-0.3
Accounts Payable	0.52	0.68	-0.51	0.49	-0.42		0.12	0.12	-0.04	-0.26	0.6	0.65	0.17	0.48	-0.11	0.26	0.2	0.05	-0.08	0.5	-0.68	0.27	0.31	0.26	-0.17	0.01
Cash	0.4	0.21	0.0	0.03	-0.15	0.12		1.0	0.06	0.0	0.33	0.25	0.93	0.19	-0.11	0.14	-0.07	-0.35	-0.13	0.17	-0.2	0.33	0.37	0.26	0.06	-0.27
Cash And Short Term Investments	0.4	0.2	0.0	0.03	-0.15	0.12	1.0		0.06	0.0	0.32	0.25	0.93	0.19	-0.11	0.14	-0.07	-0.35	-0.13	0.16	-0.2	0.33	0.37	0.25	0.06	-0.26
Net Receivables	-0.44	-0.52	0.38	-0.61	-0.5	-0.04	0.06	0.06		0.65	-0.31	-0.52	0.27	-0.59	-0.12	-0.68	-0.67	0.51	-0.61	-0.59	-0.42	-0.72	-0.45	-0.73	0.37	0.57
Common Stock Shares Outstanding	-0.44	-0.42	0.27	-0.41	-0.66	-0.26	0.0	0.0	0.65		-0.53	-0.41	0.17	-0.4	0.18	-0.61	-0.54	0.19	-0.4	-0.41	-0.32	-0.78	-0.3	-0.63	0.25	0.44
Other Stockholder Equity	0.66	0.59	-0.27	0.45	-0.05	0.6	0.33	0.32	-0.31	-0.53		0.57	0.26	0.48	-0.04	0.48	0.34	-0.41	0.15	0.5	-0.4	0.66	0.35	0.46	0.29	-0.23
Total Liab	0.77	0.99	-0.8	0.95	-0.21	0.65	0.25	0.25	-0.52	-0.41	0.57		0.19	0.96	0.03	0.65	0.64	-0.25	0.25	0.96	-0.31	0.55	0.78	0.49	-0.19	-0.19
Total Current Assets	0.34	0.18	0.04	-0.06	-0.33	0.17	0.93	0.93	0.27	0.17	0.26	0.19		0.08	0.0	0.0	-0.2	-0.17	-0.18	0.09	-0.36	0.15	0.15	0.04	0.14	-0.03
Short Long Term Debt Total	0.74	0.95	-0.78	0.99	-0.12	0.48	0.19	0.19	-0.59	-0.4	0.48	0.96	0.08		0.06	0.69	0.74	-0.36	0.35	0.99	-0.17	0.52	0.81	0.54	-0.2	-0.24
Property Plant And Equipment Net	0.27	0.05	0.19	0.08	-0.11	-0.11	-0.11	-0.11	-0.12	0.18	-0.04	0.03	0.0	0.06		0.24	0.2	-0.15	0.35	0.1	-0.1	-0.08	-0.07	0.05	-0.06	0.24
Non Current Assets Total	0.88	0.66	-0.18	0.68	0.41	0.26	0.14	0.14	-0.68	-0.61	0.48	0.65	0.0	0.69	0.24		0.94	-0.56	0.77	0.71	0.19	0.76	0.49	0.76	-0.18	-0.32
Non Currrent Assets Other	0.76	0.65	-0.27	0.75	0.38	0.2	-0.07	-0.07	-0.67	-0.54	0.34	0.64	-0.2	0.74	0.2	0.94		-0.51	0.8	0.76	0.25	0.59	0.47	0.7	-0.19	-0.29
Inventory	-0.51	-0.25	-0.09	-0.3	-0.24	0.05	-0.35	-0.35	0.51	0.19	-0.41	-0.25	-0.17	-0.36	-0.15	-0.56	-0.51		-0.58	-0.38	-0.15	-0.52	-0.23	-0.7	-0.04	0.52
Other Current Assets	0.51	0.29	0.11	0.37	0.57	-0.08	-0.13	-0.13	-0.61	-0.4	0.15	0.25	-0.18	0.35	0.35	0.77	0.8	-0.58		0.41	0.5	0.51	0.04	0.69	-0.09	-0.12
Short Term Debt	0.76	0.96	-0.75	0.98	-0.11	0.5	0.17	0.16	-0.59	-0.41	0.5	0.96	0.09	0.99	0.1	0.71	0.76	-0.38	0.41		-0.18	0.53	0.73	0.55	-0.21	-0.25
Intangible Assets	-0.25	-0.34	0.23	-0.15	0.88	-0.68	-0.2	-0.2	-0.42	-0.32	-0.4	-0.31	-0.36	-0.17	-0.1	0.19	0.25	-0.15	0.5	-0.18		0.23	-0.05	0.32	-0.09	-0.14
Other Current Liab	0.68	0.55	-0.23	0.49	0.51	0.27	0.33	0.33	-0.72	-0.78	0.66	0.55	0.15	0.52	-0.08	0.76	0.59	-0.52	0.51	0.53	0.23		0.45	0.83	-0.13	-0.43
Non Current Liabilities Total	0.52	0.7	-0.72	0.77	-0.08	0.31	0.37	0.37	-0.45	-0.3	0.35	0.78	0.15	0.81	-0.07	0.49	0.47	-0.23	0.04	0.73	-0.05	0.45		0.44	-0.13	-0.18
Other Liab	0.62	0.49	-0.19	0.51	0.51	0.26	0.26	0.25	-0.73	-0.63	0.46	0.49	0.04	0.54	0.05	0.76	0.7	-0.7	0.69	0.55	0.32	0.83	0.44		-0.27	-0.43
Net Tangible Assets	-0.11	-0.2	0.2	-0.2	-0.13	-0.17	0.06	0.06	0.37	0.25	0.29	-0.19	0.14	-0.2	-0.06	-0.18	-0.19	-0.04	-0.09	-0.21	-0.09	-0.13	-0.13	-0.27		0.45
Current Deferred Revenue	-0.27	-0.18	0.04	-0.18	-0.3	0.01	-0.27	-0.26	0.57	0.44	-0.23	-0.19	-0.03	-0.24	0.24	-0.32	-0.29	0.52	-0.12	-0.25	-0.14	-0.43	-0.18	-0.43	0.45

Click cells to compare fundamentals

Solar Alliance Account Relationship Matchups

Solar Alliance fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.3M	581.3K	3.1M	3.7M	1.8M	1.7M
Total Current Liabilities	6.5M	6.0M	2.0M	4.8M	4.0M	6.1M
Total Stockholder Equity	(5.3M)	(5.8M)	904.3K	(1.4M)	(2.3M)	(2.4M)
Net Debt	761.8K	909.9K	(2.2M)	906.9K	816.2K	775.4K
Retained Earnings	(62.4M)	(63.9M)	(64.3M)	(67.1M)	(68.9M)	(72.3M)
Accounts Payable	5.1M	4.9M	1.9M	2.7M	3.6M	4.0M
Cash	45.6K	1.9K	2.2M	650.1K	703.0K	835.6K
Cash And Short Term Investments	45.6K	1.9K	2.2M	650.1K	747.6K	839.1K
Net Receivables	781.6K	383.2K	596.0K	372.9K	730.2K	387.3K
Common Stock Shares Outstanding	198.8M	223.8M	269.8M	275.0M	316.2M	332.0M
Liabilities And Stockholders Equity	1.3M	581.3K	3.1M	3.7M	3.3M	4.1M
Other Stockholder Equity	39.5M	128.2K	13.8M	14.4M	16.5M	15.7M
Total Liab	6.6M	6.3M	2.2M	5.1M	4.1M	6.7M
Total Current Assets	1.3M	542.0K	2.8M	1.7M	1.7M	1.7M
Short Long Term Debt Total	3.0M	807.4K	911.8K	1.6M	1.4M	1.3M
Property Plant And Equipment Net	65.5K	14.3K	90.3K	2.0M	80.9K	76.9K
Non Current Assets Total	90.7K	39.3K	223.1K	2.0M	123.6K	117.4K
Non Currrent Assets Other	25.2K	25.0K	59.1K	60.1K	54.1K	51.4K
Inventory	426.8K	152.3K	58.3K	170.3K	102.2K	185.1K
Other Current Assets	3.7K	4.6K	9.0K	492.0K	442.8K	410.3K
Accumulated Other Comprehensive Income	13.8M	14.4M	16.6M	17.0M	19.6M	20.6M
Short Term Debt	3.0M	797.7K	911.8K	1.6M	1.4M	1.3M
Non Current Liabilities Total	111.5K	332.1K	161.8K	348.2K	115.7K	109.9K
Net Tangible Assets	(4.8M)	(7.4M)	(5.3M)	(5.8M)	(5.2M)	(5.4M)
Current Deferred Revenue	531.5K	174.3K	46.4K	399.1K	458.9K	275.4K
Other Assets	30.6K	25.5K	25.2K	25.0K	22.5K	25.4K
Property Plant Equipment	63.1K	59.6K	65.5K	14.3K	12.8K	12.2K
Short Long Term Debt	3.0M	758.9K	901.6K	1.6M	137.5K	130.6K
Net Invested Capital	(4.5M)	(4.8M)	904.3K	117.8K	(2.2M)	(2.3M)
Net Working Capital	(5.3M)	(5.5M)	843.0K	(3.1M)	(2.3M)	(2.4M)

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Solar Stock Analysis

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC