Worksport Historical Financial Ratios
| WKSP Stock | USD 0.84 0 0.48% |
Worksport is currently reporting on over 89 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 Price To Sales Ratio of 21.16, Dividend Yield of 0.0, PTB Ratio of 1.38 or Days Sales Outstanding of 175 will help investors to properly organize and evaluate Worksport financial condition quickly.
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About Worksport Financial Ratios Analysis
WorksportFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Worksport 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 Worksport financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Worksport history.
Worksport Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Worksport stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Worksport sales, a figure that is much harder to manipulate than other Worksport 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.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.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.Most ratios from Worksport's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Worksport 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Worksport. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. To learn how to invest in Worksport Stock, please use our How to Invest in Worksport guide.At this time, Worksport's Research And Ddevelopement To Revenue is relatively stable compared to the past year. As of 12/26/2024, Income Quality is likely to grow to 0.84, while Operating Cash Flow Per Share is likely to drop (0.71).
| 2022 | 2023 | 2024 (projected) | Payables Turnover | 0.0281 | 0.89 | 0.84 | Days Of Inventory On Hand | 8.6K | 1.0K | 937.74 |
Worksport fundamentals Correlations
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Worksport Account Relationship Matchups
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High Negative Relationship
Worksport fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 1.05 | 23.38 | 91.65 | 145.86 | 17.23 | 21.16 | |
| Ptb Ratio | (2.29) | 47.76 | 0.81 | 0.7 | 1.45 | 1.38 | |
| Days Sales Outstanding | 12.85 | 306.45 | 297.29 | 1.0K | 150.09 | 174.67 | |
| Book Value Per Share | (0.48) | 0.062 | 2.97 | 1.41 | 1.03 | 1.08 | |
| Free Cash Flow Yield | (0.0551) | (0.0907) | (0.19) | (1.13) | (0.59) | (0.56) | |
| Operating Cash Flow Per Share | (0.007198) | (0.27) | (0.35) | (0.47) | (0.67) | (0.71) | |
| Capex To Depreciation | 8.6 | 0.3 | 5.34 | 22.92 | 3.33 | 3.16 | |
| Pb Ratio | (2.29) | 47.76 | 0.81 | 0.7 | 1.45 | 1.38 | |
| Ev To Sales | 1.23 | 22.24 | 0.43 | 80.69 | 19.11 | 10.91 | |
| Free Cash Flow Per Share | (0.0606) | (0.27) | (0.45) | (1.12) | (0.88) | (0.93) | |
| Roic | 1.24 | (1.52) | (0.23) | (0.42) | (0.63) | (0.66) | |
| Inventory Turnover | 14.92 | 7.33 | 0.7 | 0.0423 | 0.35 | 0.34 | |
| Net Income Per Share | (0.26) | (0.58) | (0.71) | (0.72) | (0.84) | (0.89) | |
| Days Of Inventory On Hand | 24.47 | 49.81 | 522.23 | 8.6K | 1.0K | 937.74 | |
| Payables Turnover | 0.96 | 1.74 | 0.31 | 0.0281 | 0.89 | 0.84 | |
| Sales General And Administrative To Revenue | 0.42 | 2.55 | 20.16 | 89.25 | 8.82 | 9.02 | |
| Capex To Revenue | 0.0511 | 0.023 | 3.73 | 95.71 | 2.41 | 2.29 | |
| Cash Per Share | 0.006514 | 0.41 | 2.52 | 0.87 | 0.19 | 0.18 | |
| Pocfratio | (152.82) | (11.14) | (6.88) | (2.13) | (2.21) | (2.32) | |
| Interest Coverage | (8.63) | (2.54) | (25.64) | (26.16) | (23.91) | (25.11) | |
| Capex To Operating Cash Flow | (7.42) | (0.011) | (0.28) | (1.4) | (0.31) | (0.32) | |
| Pfcf Ratio | (18.15) | (11.02) | (5.38) | (0.89) | (1.69) | (1.77) | |
| Days Payables Outstanding | 209.62 | 1.2K | 1.2K | 13.0K | 410.89 | 390.34 | |
| Income Quality | 0.032 | 0.61 | 0.51 | 0.64 | 0.8 | 0.84 | |
| Roe | 0.55 | (9.29) | (0.24) | (0.51) | (0.82) | (0.86) | |
| Ev To Operating Cash Flow | (178.91) | (10.6) | (0.0321) | (1.18) | (2.45) | (2.57) | |
| Pe Ratio | (4.16) | (5.14) | (3.4) | (1.39) | (1.77) | (1.85) | |
| Return On Tangible Assets | (1.15) | (0.86) | (0.23) | (0.39) | (0.61) | (0.64) | |
| Ev To Free Cash Flow | (21.24) | (10.49) | (0.0251) | (0.49) | (1.87) | (1.96) | |
| Earnings Yield | (0.24) | (0.19) | (0.29) | (0.72) | (0.57) | (0.59) | |
| Intangibles To Total Assets | 0.12 | 0.0331 | 0.0163 | 0.0387 | 0.0516 | 0.049 | |
| Net Debt To E B I T D A | (1.25) | 0.51 | 3.75 | 0.66 | (0.22) | (0.23) | |
| Current Ratio | 0.19 | 0.98 | 18.94 | 7.45 | 1.27 | 1.84 | |
| Tangible Book Value Per Share | (0.51) | 0.039 | 2.92 | 1.34 | 0.95 | 1.0 | |
| Receivables Turnover | 28.42 | 1.19 | 1.23 | 0.35 | 2.43 | 2.31 | |
| Graham Number | 1.69 | 0.9 | 6.9 | 4.77 | 4.42 | 4.2 |
Pair Trading with Worksport
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 Worksport 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 Worksport will appreciate offsetting losses from the drop in the long position's value.Moving against Worksport Stock
| 0.72 | HOG | Harley Davidson | PairCorr |
| 0.66 | FFIE | Faraday Future Intel Buyout Trend | PairCorr |
| 0.66 | FOXF | Fox Factory Holding | PairCorr |
| 0.61 | HMC | Honda Motor | PairCorr |
| 0.57 | LEA | Lear | PairCorr |
The ability to find closely correlated positions to Worksport could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Worksport 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 Worksport - 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 Worksport to buy it.
The correlation of Worksport 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 Worksport moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Worksport 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 Worksport 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 Worksport Stock Analysis
When running Worksport's price analysis, check to measure Worksport'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 Worksport is operating at the current time. Most of Worksport's value examination focuses on studying past and present price action to predict the probability of Worksport's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Worksport's price. Additionally, you may evaluate how the addition of Worksport to your portfolios can decrease your overall portfolio volatility.