Covalon Historical Financial Ratios
COV Stock | CAD 1.23 0.05 4.24% |
Covalon Technologies is presently reporting on over 93 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 Dividend Yield of 0.0, PTB Ratio of 2.17 or Days Sales Outstanding of 79.64 will help investors to properly organize and evaluate Covalon Technologies financial condition quickly.
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About Covalon Financial Ratios Analysis
Covalon TechnologiesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Covalon Technologies 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 Covalon financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Covalon Technologies history.
Covalon Technologies Financial Ratios Chart
Covalon Technologies financial ratios usually calculated using numerical values taken directly from Covalon Technologies financial statements such as income statements or balance sheets. They help investors to obtain meaningful information about Covalon Technologies. Most financial ratios help to conduct quantitative analysis to assess vital information about the company's valuation as well as profitability and liquidity indicators such as leverage, growth, profit margins, and different types of rates of return.
At this time, Covalon Technologies' Receivables Turnover is fairly stable compared to the past year. Add Fundamental
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Covalon Technologies stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Covalon Technologies sales, a figure that is much harder to manipulate than other Covalon Technologies 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.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.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Most ratios from Covalon Technologies' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Covalon Technologies 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Covalon Technologies. 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, Covalon Technologies' Receivables Turnover is fairly stable compared to the past year.
2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 84.57 | 97.26 | 79.64 | PTB Ratio | 1.99 | 2.28 | 2.17 |
Covalon Technologies fundamentals Correlations
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Covalon Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Covalon Technologies fundamentals Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Price To Sales Ratio | 1.2 | 3.34 | 3.44 | 1.4 | 1.61 | 1.53 | |
Ptb Ratio | 3.46 | 3.4 | 1.96 | 1.99 | 2.28 | 2.17 | |
Days Sales Outstanding | 47.16 | 119.34 | 95.19 | 84.57 | 97.26 | 79.64 | |
Book Value Per Share | 0.35 | 1.29 | 0.94 | 0.76 | 0.87 | 1.06 | |
Free Cash Flow Yield | (0.0795) | (0.14) | 0.006792 | (0.15) | (0.12) | (0.11) | |
Invested Capital | 2.3 | 0.0776 | 0.0895 | 0.0831 | 0.0748 | 0.0711 | |
Stock Based Compensation To Revenue | 0.0277 | 0.008372 | 0.0117 | 0.021 | 0.0242 | 0.023 | |
Capex To Depreciation | (0.31) | (0.25) | (1.05) | (1.36) | (1.22) | (1.28) | |
Pb Ratio | 3.46 | 3.4 | 1.96 | 1.99 | 2.28 | 2.17 | |
Ev To Sales | 1.88 | 2.3 | 2.78 | 1.13 | 1.3 | 1.24 | |
Roic | (0.25) | (0.2) | 1.31 | (0.36) | (0.22) | (0.21) | |
Inventory Turnover | 1.85 | 2.1 | 2.15 | 2.06 | 2.37 | 3.15 | |
Net Income Per Share | (0.27) | 0.91 | (0.38) | (0.18) | (0.16) | (0.17) | |
Days Of Inventory On Hand | 197.38 | 173.98 | 170.14 | 177.36 | 159.63 | 124.6 | |
Payables Turnover | 0.95 | 2.44 | 2.86 | 3.22 | 2.9 | 3.04 | |
Research And Ddevelopement To Revenue | 0.0308 | 0.0583 | 0.0603 | 0.0531 | 0.0611 | 0.0581 | |
Capex To Revenue | (0.0144) | (0.009082) | (0.0596) | (0.0495) | (0.0446) | (0.0468) | |
Cash Per Share | 0.14 | 0.89 | 0.55 | 0.35 | 0.41 | 0.69 | |
Pocfratio | (7.7) | 105.14 | (7.8) | (11.72) | (10.55) | (10.02) | |
Capex To Operating Cash Flow | 0.0922 | (0.29) | 0.14 | 0.41 | 0.48 | 0.5 | |
Pfcf Ratio | (7.05) | 147.23 | (6.87) | (8.29) | (7.46) | (7.84) | |
Days Payables Outstanding | 383.07 | 149.46 | 127.47 | 113.28 | 130.27 | 123.76 | |
Income Quality | 0.58 | 1.48 | 0.86 | 0.71 | 0.64 | 0.59 | |
Roe | (0.76) | 0.7 | (0.4) | (0.24) | (0.21) | (0.22) | |
Ev To Operating Cash Flow | (12.02) | 72.38 | (6.31) | (9.45) | (8.51) | (8.08) | |
Pe Ratio | (4.46) | 2.78 | (6.45) | (8.37) | (7.53) | (7.15) | |
Return On Tangible Assets | (0.36) | 0.59 | (0.33) | (0.19) | (0.17) | (0.18) | |
Ev To Free Cash Flow | (11.0) | 101.35 | (5.56) | (6.69) | (6.02) | (6.32) | |
Earnings Yield | (0.18) | (0.22) | 0.36 | (0.16) | (0.12) | (0.11) | |
Intangibles To Total Assets | 0.44 | 0.0221 | 0.042 | 0.0719 | 0.0647 | 0.0615 | |
Net Debt To E B I T D A | (3.56) | (13.23) | 1.47 | 2.03 | 1.83 | 1.92 | |
Current Ratio | 0.66 | 7.49 | 6.0 | 4.1 | 4.72 | 4.64 | |
Tangible Book Value Per Share | (0.23) | 1.26 | 0.89 | 0.68 | 0.79 | 0.85 | |
Receivables Turnover | 7.74 | 3.06 | 3.83 | 4.32 | 3.88 | 5.09 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Covalon Technologies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Covalon Technologies' short interest history, or implied volatility extrapolated from Covalon Technologies options trading.
Pair Trading with Covalon Technologies
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 Covalon Technologies 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 Covalon Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against Covalon Stock
0.46 | EBM | Eastwood Bio Medical | PairCorr |
The ability to find closely correlated positions to Covalon Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Covalon Technologies 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 Covalon Technologies - 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 Covalon Technologies to buy it.
The correlation of Covalon Technologies 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 Covalon Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Covalon Technologies 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 Covalon Technologies 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Covalon Technologies. 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. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Covalon Stock analysis
When running Covalon Technologies' price analysis, check to measure Covalon Technologies' 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 Covalon Technologies is operating at the current time. Most of Covalon Technologies' value examination focuses on studying past and present price action to predict the probability of Covalon Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covalon Technologies' price. Additionally, you may evaluate how the addition of Covalon Technologies to your portfolios can decrease your overall portfolio volatility.
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