Tucows Ev To Sales vs Days Sales Outstanding Analysis

TC Stock

CAD 26.31 0.54 2.10%

Tucows financial indicator trend analysis is much more than just breaking down Tucows Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tucows Inc is a good investment. Please check the relationship between Tucows 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 Tucows Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

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 Tucows Inc Ev To Sales account and Days Sales Outstanding. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Tucows' Ev To Sales and Days Sales Outstanding is 0.92. 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 Tucows Inc, assuming nothing else is changed. The correlation between historical values of Tucows' 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 Tucows Inc 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., Tucows' Ev To Sales and Days Sales Outstanding go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

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 Tucows' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tucows Inc 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 Tucows Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At this time, Tucows' Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value is likely to grow to about 564.9 M, though Tax Provision is likely to grow to (6.2 M).

	2021	2022	2023	2024 (projected)
Gross Profit	78.3M	78.2M	108.9M	114.3M
Total Revenue	304.3M	321.1M	339.3M	356.3M

Gross Profit Total Revenue

Tucows fundamental ratios Correlations

	Total Assets	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	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Long Term Debt Total	Non Current Liabilities Total	Short Term Debt	Short Term Investments	Current Deferred Revenue	Common Stock Total Equity	Inventory
Total Assets		0.82	0.92	0.23	0.96	0.95	0.16	0.92	0.77	1.0	0.88	0.77	0.97	0.24	0.88	-0.53	0.99	0.95	0.97	0.93	0.97	0.08	-0.36	0.91	-0.14	0.82
Other Current Liab	0.82		0.85	0.26	0.75	0.74	0.25	0.83	0.55	0.81	0.79	0.55	0.85	0.21	0.83	-0.63	0.8	0.75	0.83	0.72	0.75	0.39	-0.39	0.82	-0.16	0.65
Total Current Liabilities	0.92	0.85		0.42	0.78	0.78	0.41	0.87	0.56	0.9	0.96	0.56	0.94	0.38	0.99	-0.75	0.88	0.77	0.94	0.76	0.8	0.36	-0.55	0.99	-0.33	0.75
Total Stockholder Equity	0.23	0.26	0.42		0.07	-0.05	0.97	0.33	-0.42	0.26	0.22	-0.42	0.33	-0.03	0.51	-0.58	0.1	0.07	0.14	-0.11	-0.01	0.13	-0.16	0.44	0.04	0.3
Property Plant And Equipment Net	0.96	0.75	0.78	0.07		0.97	-0.03	0.89	0.82	0.97	0.75	0.82	0.91	0.16	0.73	-0.34	0.97	1.0	0.9	0.96	0.99	-0.1	-0.24	0.77	-0.03	0.8
Net Debt	0.95	0.74	0.78	-0.05	0.97		-0.13	0.82	0.91	0.94	0.79	0.91	0.86	0.19	0.72	-0.32	0.98	0.97	0.93	1.0	0.99	-0.04	-0.25	0.77	-0.07	0.73
Retained Earnings	0.16	0.25	0.41	0.97	-0.03	-0.13		0.27	-0.45	0.18	0.23	-0.45	0.29	0.01	0.5	-0.7	0.03	-0.04	0.11	-0.18	-0.09	0.23	-0.24	0.44	-0.05	0.23
Accounts Payable	0.92	0.83	0.87	0.33	0.89	0.82	0.27		0.61	0.93	0.79	0.61	0.96	0.18	0.83	-0.58	0.9	0.9	0.87	0.8	0.86	0.19	-0.34	0.83	-0.1	0.9
Cash	0.77	0.55	0.56	-0.42	0.82	0.91	-0.45	0.61		0.74	0.64	1.0	0.65	0.11	0.47	-0.11	0.84	0.81	0.81	0.93	0.89	-0.02	-0.12	0.56	-0.03	0.57
Non Current Assets Total	1.0	0.81	0.9	0.26	0.97	0.94	0.18	0.93	0.74		0.85	0.74	0.96	0.22	0.87	-0.51	0.98	0.96	0.95	0.92	0.96	0.04	-0.34	0.9	-0.11	0.83
Non Currrent Assets Other	0.88	0.79	0.96	0.22	0.75	0.79	0.23	0.79	0.64	0.85		0.64	0.88	0.53	0.94	-0.66	0.87	0.73	0.94	0.77	0.8	0.4	-0.65	0.95	-0.48	0.66
Cash And Short Term Investments	0.77	0.55	0.56	-0.42	0.82	0.91	-0.45	0.61	1.0	0.74	0.64		0.65	0.11	0.47	-0.11	0.84	0.81	0.81	0.93	0.89	-0.02	-0.12	0.56	-0.03	0.57
Net Receivables	0.97	0.85	0.94	0.33	0.91	0.86	0.29	0.96	0.65	0.96	0.88	0.65		0.3	0.91	-0.66	0.94	0.9	0.94	0.84	0.9	0.14	-0.46	0.92	-0.22	0.83
Common Stock Shares Outstanding	0.24	0.21	0.38	-0.03	0.16	0.19	0.01	0.18	0.11	0.22	0.53	0.11	0.3		0.37	-0.35	0.25	0.16	0.3	0.18	0.2	0.11	-0.93	0.33	-0.97	-0.08
Other Current Assets	0.88	0.83	0.99	0.51	0.73	0.72	0.5	0.83	0.47	0.87	0.94	0.47	0.91	0.37		-0.78	0.83	0.71	0.9	0.69	0.74	0.35	-0.55	0.99	-0.32	0.7
Other Stockholder Equity	-0.53	-0.63	-0.75	-0.58	-0.34	-0.32	-0.7	-0.58	-0.11	-0.51	-0.66	-0.11	-0.66	-0.35	-0.78		-0.46	-0.33	-0.58	-0.29	-0.35	-0.35	0.62	-0.74	0.41	-0.41
Total Liab	0.99	0.8	0.88	0.1	0.97	0.98	0.03	0.9	0.84	0.98	0.87	0.84	0.94	0.25	0.83	-0.46		0.96	0.98	0.97	0.99	0.06	-0.35	0.87	-0.14	0.8
Property Plant And Equipment Gross	0.95	0.75	0.77	0.07	1.0	0.97	-0.04	0.9	0.81	0.96	0.73	0.81	0.9	0.16	0.71	-0.33	0.96		0.89	0.95	0.98	-0.1	-0.23	0.75	-0.03	0.81
Total Current Assets	0.97	0.83	0.94	0.14	0.9	0.93	0.11	0.87	0.81	0.95	0.94	0.81	0.94	0.3	0.9	-0.58	0.98	0.89		0.93	0.94	0.21	-0.42	0.93	-0.22	0.76
Short Long Term Debt Total	0.93	0.72	0.76	-0.11	0.96	1.0	-0.18	0.8	0.93	0.92	0.77	0.93	0.84	0.18	0.69	-0.29	0.97	0.95	0.93		0.99	-0.04	-0.23	0.75	-0.07	0.72
Non Current Liabilities Total	0.97	0.75	0.8	-0.01	0.99	0.99	-0.09	0.86	0.89	0.96	0.8	0.89	0.9	0.2	0.74	-0.35	0.99	0.98	0.94	0.99		-0.03	-0.27	0.79	-0.08	0.78
Short Term Debt	0.08	0.39	0.36	0.13	-0.1	-0.04	0.23	0.19	-0.02	0.04	0.4	-0.02	0.14	0.11	0.35	-0.35	0.06	-0.1	0.21	-0.04	-0.03		-0.24	0.33	-0.23	0.2
Short Term Investments	-0.36	-0.39	-0.55	-0.16	-0.24	-0.25	-0.24	-0.34	-0.12	-0.34	-0.65	-0.12	-0.46	-0.93	-0.55	0.62	-0.35	-0.23	-0.42	-0.23	-0.27	-0.24		-0.5	0.95	-0.09
Current Deferred Revenue	0.91	0.82	0.99	0.44	0.77	0.77	0.44	0.83	0.56	0.9	0.95	0.56	0.92	0.33	0.99	-0.74	0.87	0.75	0.93	0.75	0.79	0.33	-0.5		-0.27	0.72
Common Stock Total Equity	-0.14	-0.16	-0.33	0.04	-0.03	-0.07	-0.05	-0.1	-0.03	-0.11	-0.48	-0.03	-0.22	-0.97	-0.32	0.41	-0.14	-0.03	-0.22	-0.07	-0.08	-0.23	0.95	-0.27		0.14
Inventory	0.82	0.65	0.75	0.3	0.8	0.73	0.23	0.9	0.57	0.83	0.66	0.57	0.83	-0.08	0.7	-0.41	0.8	0.81	0.76	0.72	0.78	0.2	-0.09	0.72	0.14

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Tucows Account Relationship Matchups

Tucows fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	425.9M	451.9M	539.6M	664.7M	798.4M	838.3M
Other Current Liab	10.3M	153.9M	160.4M	164.1M	183.3M	192.4M
Total Current Liabilities	156.9M	163.0M	173.7M	188.2M	201.3M	211.4M
Total Stockholder Equity	94.2M	104.7M	115.1M	96.7M	9.9M	9.4M
Property Plant And Equipment Net	93.5M	128.8M	190.2M	302.0M	367.1M	385.5M
Net Debt	103.9M	124.4M	196.6M	232.5M	475.6M	499.4M
Retained Earnings	76.2M	80.1M	83.5M	55.9M	(40.3M)	(38.3M)
Accounts Payable	6.7M	6.3M	10.0M	17.2M	12.7M	13.3M
Cash	20.4M	8.3M	9.1M	23.5M	92.7M	97.3M
Non Current Assets Total	280.2M	310.7M	392.6M	494.8M	555.7M	583.5M
Non Currrent Assets Other	19.3M	18.0M	19.6M	20.6M	26.7M	28.0M
Cash And Short Term Investments	20.4M	8.3M	9.1M	23.5M	92.7M	97.3M
Net Receivables	14.6M	15.5M	18.8M	26.0M	23.6M	24.8M
Common Stock Shares Outstanding	10.8M	10.7M	10.8M	10.8M	10.9M	12.9M
Liabilities And Stockholders Equity	425.9M	451.9M	539.6M	664.7M	798.4M	838.3M
Other Current Assets	107.3M	115.5M	119.3M	115.6M	119.7M	125.6M
Other Stockholder Equity	880K	1.5M	2.8M	8.1M	14.1M	13.4M
Total Liab	331.7M	347.2M	424.5M	568.1M	788.6M	828.0M
Property Plant And Equipment Gross	93.5M	128.8M	244.3M	380.0M	437.0M	458.9M
Total Current Assets	145.7M	141.2M	147.0M	169.9M	242.8M	254.9M
Accumulated Other Comprehensive Income	473K	2.3M	343K	784K	1.7M	1.8M
Short Long Term Debt Total	124.3M	132.7M	205.8M	256.0M	568.3M	596.7M
Non Current Liabilities Total	174.8M	184.2M	250.8M	379.9M	587.2M	616.6M
Short Term Debt	1.4M	1.9M	3.2M	4.6M	5.4M	3.5M
Current Deferred Revenue	137.2M	142.7M	141.1M	138.7M	159.5M	167.5M
Common Stock Total Equity	15.4M	15.8M	16.6M	20.8M	18.7M	13.2M
Inventory	3.5M	1.9M	3.3M	7.3M	6.8M	3.5M
Intangible Assets	57.7M	47.4M	50.4M	39.8M	29.5M	27.8M
Common Stock	16.6M	20.8M	28.5M	31.9M	34.4M	21.1M
Good Will	90.1M	109.8M	116.3M	130.4M	150.0M	157.5M
Other Liab	51.9M	53.3M	48.2M	38.1M	43.8M	41.4M
Net Tangible Assets	(73.3M)	(59.1M)	(65.7M)	(73.5M)	(66.2M)	(69.5M)
Other Assets	19.3M	18.2M	19.6M	20.6M	23.7M	21.0M
Property Plant Equipment	93.5M	128.8M	190.2M	302.0M	347.3M	364.6M
Long Term Debt	113.5M	121.7M	190.7M	238.9M	274.8M	288.5M
Deferred Long Term Liab	19.3M	18.0M	19.3M	18.3M	16.5M	15.3M
Capital Surpluse	2.2M	4.0M	880K	1.5M	1.3M	1.8M
Net Invested Capital	207.7M	226.4M	305.8M	335.6M	385.9M	248.8M

Pair Trading with Tucows

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

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

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

When determining whether Tucows Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tucows' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tucows Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tucows Inc Stock:

How To Invest In Tucows

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Is Tucows Stock a good investment?

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What is Tucows' Net Worth?

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Largest Software - Infrastructure Companies

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Largest Information Technology Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tucows Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Please note, there is a significant difference between Tucows' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tucows is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tucows' 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.

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Tucows Ev To Sales vs Days Sales Outstanding Analysis

Ev To Sales vs Days Sales Outstanding

Ev To Sales vs Days Sales Outstanding Correlation Analysis

Correlation Coefficient

Ev To Sales

Days Sales Outstanding

Tucows fundamental ratios Correlations

Tucows Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tucows fundamental ratios Accounts

Pair Trading with Tucows

COMMON DESTINATIONS

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Non Current Assets Total	+ 1.0	Total Assets
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Short Long Term Debt Total	+ 1.0	Net Debt
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Total Assets
Other Current Assets	+ 0.99	Total Current Liabilities

Common Stock Total Equity	- 0.97	Common Stock Shares Outstanding
Short Term Investments	- 0.93	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.78	Other Current Assets
Other Stockholder Equity	- 0.75	Total Current Liabilities
Current Deferred Revenue	- 0.74	Other Stockholder Equity
Other Stockholder Equity	- 0.7	Retained Earnings