Corsa Invested Capital vs Price To Sales Ratio Analysis

CSO Stock

CAD 0.34 0.02 5.56%

Corsa Coal financial indicator trend analysis is way more than just evaluating Corsa Coal Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Corsa Coal Corp is a good investment. Please check the relationship between Corsa Coal Invested Capital and its Price To Sales Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Corsa Coal 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.

Invested Capital vs Price To Sales Ratio

Invested Capital vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Corsa Coal Corp Invested Capital account and Price To Sales Ratio. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Corsa Coal's Invested Capital and Price To Sales Ratio is 0.1. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Corsa Coal Corp, assuming nothing else is changed. The correlation between historical values of Corsa Coal's Invested Capital and Price To Sales 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 Invested Capital of Corsa Coal Corp are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Invested Capital i.e., Corsa Coal's Invested Capital and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

0.1

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to Corsa Coal Corp. There are two different methods for calculating Corsa Coal Corp invested capital: operating approach and financing approach. Understanding Corsa Coal invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Corsa Coal Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Corsa Coal sales, a figure that is much harder to manipulate than other Corsa Coal Corp 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.

Most indicators from Corsa Coal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Corsa Coal 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Corsa Coal 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, Corsa Coal's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to climb to about 518.7 K in 2024, whereas Discontinued Operations is likely to drop (981.7 K) in 2024.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	137.6M	183.6M	178.0M	139.8M
Interest Expense	4.9M	5.4M	5.3M	3.8M

Other Operating Expenses Interest Expense

Corsa Coal fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Other Assets	Short Long Term Debt Total	Other Current Liab	Non Currrent Assets Other	Short Term Debt	Non Current Liabilities Total	Inventory	Other Current Assets	Current Deferred Revenue	Other Liab
Total Assets		0.84	0.76	0.97	0.51	-0.22	0.81	0.44	1.0	0.44	0.82	0.59	-0.23	0.9	0.94	0.62	0.52	0.68	0.36	0.66	-0.08	0.81	0.82	0.85	0.56	-0.36
Total Current Liabilities	0.84		0.61	0.81	0.67	-0.24	0.85	0.28	0.82	0.28	0.74	0.5	0.08	0.8	0.82	0.56	0.48	0.71	0.51	0.49	0.2	0.6	0.78	0.69	0.57	-0.31
Total Stockholder Equity	0.76	0.61		0.84	0.16	0.25	0.54	0.2	0.79	0.2	0.62	0.19	0.04	0.46	0.59	0.27	0.41	0.22	0.04	0.26	0.09	0.32	0.41	0.44	0.08	-0.07
Property Plant And Equipment Net	0.97	0.81	0.84		0.44	0.0	0.76	0.4	0.98	0.4	0.77	0.4	-0.13	0.79	0.87	0.44	0.42	0.58	0.33	0.47	0.04	0.67	0.74	0.73	0.42	-0.19
Net Debt	0.51	0.67	0.16	0.44		-0.53	0.38	-0.07	0.52	-0.07	0.51	0.49	0.22	0.62	0.46	0.57	0.44	0.78	0.15	0.56	0.33	0.51	0.48	0.59	0.58	-0.45
Retained Earnings	-0.22	-0.24	0.25	0.0	-0.53		-0.23	-0.22	-0.19	-0.22	-0.21	-0.81	0.25	-0.54	-0.34	-0.83	-0.5	-0.61	-0.02	-0.8	0.24	-0.63	-0.31	-0.5	-0.72	0.81
Accounts Payable	0.81	0.85	0.54	0.76	0.38	-0.23		0.4	0.77	0.4	0.74	0.48	-0.27	0.82	0.88	0.53	0.31	0.56	0.67	0.52	-0.19	0.72	0.89	0.73	0.58	-0.24
Cash	0.44	0.28	0.2	0.4	-0.07	-0.22	0.4		0.41	1.0	0.0	0.3	-0.1	0.5	0.53	0.3	0.33	0.55	0.39	0.24	0.04	0.51	0.35	0.2	0.26	-0.03
Non Current Assets Total	1.0	0.82	0.79	0.98	0.52	-0.19	0.77	0.41		0.41	0.81	0.56	-0.2	0.88	0.91	0.6	0.53	0.66	0.31	0.64	-0.04	0.78	0.78	0.82	0.53	-0.34
Cash And Short Term Investments	0.44	0.28	0.2	0.4	-0.07	-0.22	0.4	1.0	0.41		0.0	0.3	-0.1	0.5	0.53	0.3	0.33	0.55	0.39	0.24	0.04	0.51	0.35	0.2	0.26	-0.03
Net Receivables	0.82	0.74	0.62	0.77	0.51	-0.21	0.74	0.0	0.81	0.0		0.6	-0.33	0.72	0.83	0.58	0.36	0.4	0.29	0.62	-0.29	0.62	0.74	0.86	0.6	-0.5
Common Stock Shares Outstanding	0.59	0.5	0.19	0.4	0.49	-0.81	0.48	0.3	0.56	0.3	0.6		-0.43	0.75	0.66	0.95	0.69	0.57	0.08	0.9	-0.35	0.74	0.48	0.75	0.81	-0.86
Other Stockholder Equity	-0.23	0.08	0.04	-0.13	0.22	0.25	-0.27	-0.1	-0.2	-0.1	-0.33	-0.43		-0.34	-0.32	-0.35	-0.02	0.1	-0.02	-0.44	0.85	-0.51	-0.27	-0.44	-0.42	0.37
Total Liab	0.9	0.8	0.46	0.79	0.62	-0.54	0.82	0.5	0.88	0.5	0.72	0.75	-0.34		0.92	0.79	0.59	0.81	0.44	0.82	-0.16	0.95	0.84	0.87	0.75	-0.48
Total Current Assets	0.94	0.82	0.59	0.87	0.46	-0.34	0.88	0.53	0.91	0.53	0.83	0.66	-0.32	0.92		0.67	0.46	0.7	0.52	0.69	-0.22	0.85	0.89	0.88	0.66	-0.43
Common Stock	0.62	0.56	0.27	0.44	0.57	-0.83	0.53	0.3	0.6	0.3	0.58	0.95	-0.35	0.79	0.67		0.79	0.65	0.05	0.93	-0.31	0.79	0.49	0.76	0.75	-0.83
Other Assets	0.52	0.48	0.41	0.42	0.44	-0.5	0.31	0.33	0.53	0.33	0.36	0.69	-0.02	0.59	0.46	0.79		0.5	-0.04	0.62	-0.05	0.5	0.16	0.45	0.43	-0.52
Short Long Term Debt Total	0.68	0.71	0.22	0.58	0.78	-0.61	0.56	0.55	0.66	0.55	0.4	0.57	0.1	0.81	0.7	0.65	0.5		0.36	0.62	0.27	0.75	0.64	0.62	0.64	-0.42
Other Current Liab	0.36	0.51	0.04	0.33	0.15	-0.02	0.67	0.39	0.31	0.39	0.29	0.08	-0.02	0.44	0.52	0.05	-0.04	0.36		0.08	-0.03	0.36	0.66	0.26	0.37	0.18
Non Currrent Assets Other	0.66	0.49	0.26	0.47	0.56	-0.8	0.52	0.24	0.64	0.24	0.62	0.9	-0.44	0.82	0.69	0.93	0.62	0.62	0.08		-0.38	0.87	0.62	0.84	0.72	-0.77
Short Term Debt	-0.08	0.2	0.09	0.04	0.33	0.24	-0.19	0.04	-0.04	0.04	-0.29	-0.35	0.85	-0.16	-0.22	-0.31	-0.05	0.27	-0.03	-0.38		-0.35	-0.19	-0.38	-0.24	0.37
Non Current Liabilities Total	0.81	0.6	0.32	0.67	0.51	-0.63	0.72	0.51	0.78	0.51	0.62	0.74	-0.51	0.95	0.85	0.79	0.5	0.75	0.36	0.87	-0.35		0.8	0.86	0.74	-0.54
Inventory	0.82	0.78	0.41	0.74	0.48	-0.31	0.89	0.35	0.78	0.35	0.74	0.48	-0.27	0.84	0.89	0.49	0.16	0.64	0.66	0.62	-0.19	0.8		0.83	0.58	-0.28
Other Current Assets	0.85	0.69	0.44	0.73	0.59	-0.5	0.73	0.2	0.82	0.2	0.86	0.75	-0.44	0.87	0.88	0.76	0.45	0.62	0.26	0.84	-0.38	0.86	0.83		0.65	-0.6
Current Deferred Revenue	0.56	0.57	0.08	0.42	0.58	-0.72	0.58	0.26	0.53	0.26	0.6	0.81	-0.42	0.75	0.66	0.75	0.43	0.64	0.37	0.72	-0.24	0.74	0.58	0.65		-0.75
Other Liab	-0.36	-0.31	-0.07	-0.19	-0.45	0.81	-0.24	-0.03	-0.34	-0.03	-0.5	-0.86	0.37	-0.48	-0.43	-0.83	-0.52	-0.42	0.18	-0.77	0.37	-0.54	-0.28	-0.6	-0.75

Click cells to compare fundamentals

Corsa Coal Account Relationship Matchups

Corsa Coal fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	269.3M	210.2M	215.5M	192.6M	191.3M	188.0M
Total Current Liabilities	32.2M	20.4M	32.6M	39.5M	26.0M	29.5M
Total Stockholder Equity	99.1M	42.6M	89.3M	61.6M	85.5M	70.2M
Property Plant And Equipment Net	179.7M	125.4M	122.1M	116.8M	103.2M	119.6M
Net Debt	24.6M	13.4M	19.8M	25.2M	10.3M	14.9M
Retained Earnings	(82.1M)	(137.9M)	(137.6M)	(164.3M)	(140.3M)	(133.3M)
Accounts Payable	10.4M	4.9M	15.4M	14.3M	8.0M	13.7M
Cash	4.3M	24.5M	12.7M	7.0M	11.4M	11.6M
Non Current Assets Total	220.8M	167.6M	168.7M	162.4M	155.4M	148.2M
Cash And Short Term Investments	4.3M	24.5M	12.7M	7.0M	11.4M	11.6M
Net Receivables	29.3M	5.4M	21.7M	10.8M	14.2M	12.7M
Liabilities And Stockholders Equity	269.3M	210.2M	215.5M	192.6M	191.3M	188.0M
Other Stockholder Equity	988K	341K	1.8M	834K	604K	573.8K
Total Liab	118.2M	122.4M	126.2M	131.0M	105.8M	98.1M
Total Current Assets	48.5M	42.5M	46.8M	30.2M	35.9M	39.8M
Other Assets	36.1M	41.1M	42.2M	46.6M	53.6M	34.5M
Short Long Term Debt Total	28.9M	37.9M	32.5M	32.2M	21.7M	32.1M
Other Current Liab	2.7M	1.6M	1.1M	1.7M	4.0M	3.8M
Non Currrent Assets Other	41.1M	42.2M	46.6M	45.6M	52.1M	34.4M
Short Term Debt	3.5M	6.2M	4.5M	9.1M	1.5M	1.4M
Non Current Liabilities Total	86.0M	102.0M	93.6M	91.5M	79.8M	89.7M
Inventory	10.5M	9.1M	8.9M	9.1M	7.4M	11.1M
Other Current Assets	4.5M	3.4M	3.5M	3.3M	2.9M	3.3M
Current Deferred Revenue	15.6M	7.7M	11.6M	14.5M	12.5M	11.8M
Other Liab	57.5M	60.6M	70.3M	65.6M	59.1M	57.4M
Net Tangible Assets	101.1M	99.1M	42.6M	89.3M	80.4M	64.9M
Long Term Debt	22.8M	28.9M	26.1M	20.5M	16.6M	19.6M
Short Long Term Debt	9.5M	2.6M	654K	1.9M	1.7M	2.9M
Property Plant Equipment	191.6M	179.7M	125.4M	122.1M	109.9M	132.9M
Capital Lease Obligations	3.5M	4.2M	3.1M	4.1M	5.1M	3.7M
Non Current Liabilities Other	4.9M	5.5M	5.3M	4.2M	4.8M	5.5M
Net Invested Capital	121.8M	72.2M	115.4M	84.0M	102.1M	85.3M
Net Working Capital	16.3M	22.1M	14.2M	(9.3M)	9.9M	8.6M

Pair Trading with Corsa Coal

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

Moving against Corsa Stock

0.62	DII-B	Dorel Industries Earnings Call Tomorrow	Pair Corr
0.47	FRX	Fennec Pharmaceuticals	Pair Corr

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

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

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Corsa Coal 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.

You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for Corsa Stock analysis

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

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Please note, there is a significant difference between Corsa Coal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Corsa Coal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Corsa Coal's 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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Corsa Invested Capital vs Price To Sales Ratio Analysis

Invested Capital vs Price To Sales Ratio

Invested Capital vs Price To Sales Ratio Correlation Analysis

Correlation Coefficient

Invested Capital

Price To Sales Ratio

Corsa Coal fundamental ratios Correlations

Corsa Coal Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Corsa Coal fundamental ratios Accounts

Pair Trading with Corsa Coal

Moving against Corsa Stock

Complementary Tools for Corsa Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.98	Property Plant And Equipment Net
Property Plant And Equipment Net	+ 0.97	Total Assets
Common Stock	+ 0.95	Common Stock Shares Outstanding
Non Current Liabilities Total	+ 0.95	Total Liab

Other Liab	- 0.86	Common Stock Shares Outstanding
Other Liab	- 0.83	Common Stock
Common Stock	- 0.83	Retained Earnings
Common Stock Shares Outstanding	- 0.81	Retained Earnings
Non Currrent Assets Other	- 0.8	Retained Earnings
Other Liab	- 0.77	Non Currrent Assets Other