Forsys Days Sales Outstanding vs Ptb Ratio Analysis

FSY Stock

CAD 1.04 0.03 2.97%

Forsys Metals financial indicator trend analysis is much more than just examining Forsys Metals Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Forsys Metals Corp is a good investment. Please check the relationship between Forsys Metals Days Sales Outstanding and its Ptb Ratio accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forsys Metals Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Days Sales Outstanding vs Ptb Ratio

Days Sales Outstanding vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Forsys Metals Corp Days Sales Outstanding account and Ptb Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Forsys Metals' Days Sales Outstanding and Ptb Ratio is -0.44. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Forsys Metals Corp, assuming nothing else is changed. The correlation between historical values of Forsys Metals' Days Sales Outstanding and Ptb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Sales Outstanding of Forsys Metals Corp are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Days Sales Outstanding i.e., Forsys Metals' Days Sales Outstanding and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

-0.44

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Days Sales Outstanding

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Most indicators from Forsys Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Forsys Metals Corp 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forsys Metals Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

At this time, Forsys Metals' Sales General And Administrative To Revenue is very stable compared to the past year. As of the 27th of May 2024, Enterprise Value is likely to grow to about 142.7 M, while Selling General Administrative is likely to drop about 3 M.

	2021	2022	2023	2024 (projected)
Interest Income	4.9K	145.2K	601.3K	631.4K
Net Interest Income	4.9K	145.2K	601.3K	631.4K

Interest Income Net Interest Income

Forsys Metals fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Current Deferred Revenue	Common Stock Total Equity
Total Assets		0.31	-0.57	-0.09	0.98	0.97	0.0	0.43	0.5	0.02	0.96	0.98	0.0	0.3	-0.24	0.31	0.65	0.31	-0.11	-0.11	-0.09	0.97	0.04	0.11	-0.19	0.78
Short Long Term Debt Total	0.31		0.41	0.36	0.26	0.2	-0.35	-0.71	0.12	0.28	0.21	0.25	0.36	-0.01	0.77	1.0	0.13	0.87	0.27	0.17	0.36	0.21	0.29	-0.33	-0.91	0.31
Other Current Liab	-0.57	0.41		0.53	-0.65	-0.7	-0.48	-0.79	-0.41	0.34	-0.7	-0.6	0.5	-0.16	0.83	0.41	-0.45	0.19	0.54	0.33	0.53	-0.7	0.37	-0.57	-0.56	-0.71
Total Current Liabilities	-0.09	0.36	0.53		-0.2	-0.28	-0.78	-0.36	-0.1	0.62	-0.29	-0.2	0.79	0.11	0.62	0.36	-0.15	0.1	0.87	0.25	1.0	-0.27	0.67	-0.75	-0.6	-0.39
Total Stockholder Equity	0.98	0.26	-0.65	-0.2		0.99	0.08	0.46	0.51	0.0	0.99	0.99	-0.09	0.28	-0.32	0.26	0.68	0.34	-0.21	-0.12	-0.2	0.99	-0.01	0.26	-0.08	0.83
Property Plant And Equipment Net	0.97	0.2	-0.7	-0.28	0.99		0.21	0.5	0.47	-0.14	1.0	0.98	-0.22	0.25	-0.38	0.2	0.63	0.3	-0.28	-0.22	-0.28	1.0	-0.15	0.3	-0.02	0.85
Net Debt	0.0	-0.35	-0.48	-0.78	0.08	0.21		0.34	-0.13	-0.95	0.22	0.12	-1.0	-0.17	-0.52	-0.35	-0.14	-0.18	-0.68	-0.62	-0.78	0.21	-0.97	0.54	0.51	0.31
Retained Earnings	0.43	-0.71	-0.79	-0.36	0.46	0.5	0.34		0.27	-0.28	0.49	0.47	-0.34	0.23	-0.9	-0.71	0.34	-0.62	-0.24	-0.22	-0.36	0.5	-0.28	0.3	0.68	0.23
Accounts Payable	0.5	0.12	-0.41	-0.1	0.51	0.47	-0.13	0.27		0.21	0.48	0.48	0.12	0.2	-0.36	0.12	0.93	0.18	-0.13	0.5	-0.1	0.47	0.2	0.18	-0.01	0.48
Cash	0.02	0.28	0.34	0.62	0.0	-0.14	-0.95	-0.28	0.21		-0.15	-0.06	0.93	0.15	0.38	0.28	0.26	0.26	0.48	0.65	0.62	-0.13	0.99	-0.25	-0.33	-0.18
Non Current Assets Total	0.96	0.21	-0.7	-0.29	0.99	1.0	0.22	0.49	0.48	-0.15		0.98	-0.23	0.25	-0.38	0.21	0.64	0.31	-0.29	-0.22	-0.29	1.0	-0.15	0.32	-0.02	0.85
Non Currrent Assets Other	0.98	0.25	-0.6	-0.2	0.99	0.98	0.12	0.47	0.48	-0.06	0.98		-0.12	0.22	-0.31	0.25	0.66	0.31	-0.19	-0.12	-0.2	0.98	-0.06	0.22	-0.09	0.78
Cash And Short Term Investments	0.0	0.36	0.5	0.79	-0.09	-0.22	-1.0	-0.34	0.12	0.93	-0.23	-0.12		0.17	0.53	0.36	0.12	0.16	0.7	0.61	0.79	-0.22	0.96	-0.57	-0.52	-0.32
Net Receivables	0.3	-0.01	-0.16	0.11	0.28	0.25	-0.17	0.23	0.2	0.15	0.25	0.22	0.17		-0.12	-0.01	0.2	-0.04	0.21	-0.1	0.11	0.25	0.22	-0.14	-0.05	0.08
Common Stock Shares Outstanding	-0.24	0.77	0.83	0.62	-0.32	-0.38	-0.52	-0.9	-0.36	0.38	-0.38	-0.31	0.53	-0.12		0.77	-0.38	0.56	0.55	0.14	0.62	-0.37	0.4	-0.6	-0.86	-0.29
Short Term Investments	0.31	1.0	0.41	0.36	0.26	0.2	-0.35	-0.71	0.12	0.28	0.21	0.25	0.36	-0.01	0.77		0.13	0.87	0.27	0.17	0.36	0.21	0.29	-0.33	-0.91	0.31
Non Current Liabilities Total	0.65	0.13	-0.45	-0.15	0.68	0.63	-0.14	0.34	0.93	0.26	0.64	0.66	0.12	0.2	-0.38	0.13		0.23	-0.22	0.41	-0.15	0.63	0.24	0.31	0.04	0.56
Inventory	0.31	0.87	0.19	0.1	0.34	0.3	-0.18	-0.62	0.18	0.26	0.31	0.31	0.16	-0.04	0.56	0.87	0.23		0.01	0.14	0.1	0.3	0.22	0.07	-0.65	0.49
Other Current Assets	-0.11	0.27	0.54	0.87	-0.21	-0.28	-0.68	-0.24	-0.13	0.48	-0.29	-0.19	0.7	0.21	0.55	0.27	-0.22	0.01		0.24	0.87	-0.27	0.54	-0.9	-0.61	-0.52
Other Stockholder Equity	-0.11	0.17	0.33	0.25	-0.12	-0.22	-0.62	-0.22	0.5	0.65	-0.22	-0.12	0.61	-0.1	0.14	0.17	0.41	0.14	0.24		0.25	-0.22	0.63	-0.15	-0.2	-0.22
Total Liab	-0.09	0.36	0.53	1.0	-0.2	-0.28	-0.78	-0.36	-0.1	0.62	-0.29	-0.2	0.79	0.11	0.62	0.36	-0.15	0.1	0.87	0.25		-0.27	0.67	-0.75	-0.6	-0.39
Property Plant And Equipment Gross	0.97	0.21	-0.7	-0.27	0.99	1.0	0.21	0.5	0.47	-0.13	1.0	0.98	-0.22	0.25	-0.37	0.21	0.63	0.3	-0.27	-0.22	-0.27		-0.14	0.3	-0.03	0.85
Total Current Assets	0.04	0.29	0.37	0.67	-0.01	-0.15	-0.97	-0.28	0.2	0.99	-0.15	-0.06	0.96	0.22	0.4	0.29	0.24	0.22	0.54	0.63	0.67	-0.14		-0.34	-0.38	-0.21
Intangible Assets	0.11	-0.33	-0.57	-0.75	0.26	0.3	0.54	0.3	0.18	-0.25	0.32	0.22	-0.57	-0.14	-0.6	-0.33	0.31	0.07	-0.9	-0.15	-0.75	0.3	-0.34		0.69	0.5
Current Deferred Revenue	-0.19	-0.91	-0.56	-0.6	-0.08	-0.02	0.51	0.68	-0.01	-0.33	-0.02	-0.09	-0.52	-0.05	-0.86	-0.91	0.04	-0.65	-0.61	-0.2	-0.6	-0.03	-0.38	0.69		-0.02
Common Stock Total Equity	0.78	0.31	-0.71	-0.39	0.83	0.85	0.31	0.23	0.48	-0.18	0.85	0.78	-0.32	0.08	-0.29	0.31	0.56	0.49	-0.52	-0.22	-0.39	0.85	-0.21	0.5	-0.02

Click cells to compare fundamentals

Forsys Metals Account Relationship Matchups

Forsys Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	14.8M	14.2M	24.9M	27.3M	24.3M	48.2M
Total Current Liabilities	102.6K	142.8K	78.8K	2.2M	2.0M	2.2M
Total Stockholder Equity	14.7M	14.0M	24.8M	25.2M	22.2M	21.1M
Property Plant And Equipment Net	11.4M	10.7M	9.9M	10.3M	11.4M	10.8M
Net Debt	(712.7K)	(877.0K)	(12.6M)	(16.9M)	(15.2M)	(14.5M)
Retained Earnings	(179.7M)	(180.5M)	(184.3M)	(182.4M)	(182.1M)	(173.0M)
Accounts Payable	102.6K	142.8K	78.8K	102.7K	125.4K	119.2K
Cash	712.7K	877.0K	12.6M	16.9M	12.4M	6.3M
Non Current Assets Total	14.1M	13.3M	12.3M	10.3M	11.4M	10.8M
Cash And Short Term Investments	712.7K	877.0K	12.6M	16.9M	15.2M	16.0M
Net Receivables	10.5K	26.0K	31.6K	63.0K	352.4K	267.7K
Common Stock Shares Outstanding	156.9M	166.3M	185.4M	195.2M	224.4M	235.7M
Liabilities And Stockholders Equity	14.8M	14.2M	24.9M	27.3M	31.4M	49.0M
Other Current Assets	17.4K	20.5K	17.4K	58.3K	152.8K	123.8K
Other Stockholder Equity	(14.0M)	45.2M	45.8M	53.1M	61.0M	42.3M
Total Liab	102.6K	142.8K	78.8K	2.2M	2.0M	2.2M
Property Plant And Equipment Gross	15.6M	12.0M	11.4M	10.7M	12.3M	11.7M
Total Current Assets	740.6K	923.5K	12.6M	17.0M	12.9M	9.1M
Accumulated Other Comprehensive Income	(16.2M)	(17.1M)	(18.2M)	(19.8M)	(17.8M)	(16.9M)
Net Tangible Assets	15.6M	14.7M	14.0M	24.8M	22.3M	39.1M
Property Plant Equipment	11.4M	10.7M	9.9M	10.3M	9.3M	8.8M
Cash And Equivalents	712.7K	877.0K	12.6M	16.9M	19.5M	20.4M
Net Invested Capital	14.7M	14.0M	24.8M	25.2M	22.2M	20.8M
Net Working Capital	638.1K	780.7K	12.5M	14.9M	10.9M	6.3M

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Forsys Days Sales Outstanding vs Ptb Ratio Analysis

Days Sales Outstanding vs Ptb Ratio

Days Sales Outstanding vs Ptb Ratio Correlation Analysis

Correlation Coefficient

Days Sales Outstanding

Ptb Ratio

Forsys Metals fundamental ratios Correlations

Forsys Metals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Forsys Metals fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Forsys Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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

Cash And Short Term Investments	- 1.0	Net Debt
Total Current Assets	- 0.97	Net Debt
Cash	- 0.95	Net Debt
Current Deferred Revenue	- 0.91	Short Term Investments
Current Deferred Revenue	- 0.91	Short Long Term Debt Total
Intangible Assets	- 0.9	Other Current Assets