ADF Capex To Depreciation vs Days Sales Outstanding Analysis
DRX Stock | CAD 16.05 1.00 5.87% |
ADF financial indicator trend analysis is way more than just evaluating ADF Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ADF Group is a good investment. Please check the relationship between ADF Capex To Depreciation and its Days Sales Outstanding accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ADF Group. 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.
Capex To Depreciation vs Days Sales Outstanding
Capex To Depreciation vs Days Sales Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ADF Group Capex To Depreciation account and Days Sales Outstanding. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between ADF's Capex To Depreciation and Days Sales Outstanding is 0.52. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of ADF Group, assuming nothing else is changed. The correlation between historical values of ADF's Capex To Depreciation 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 Capex To Depreciation of ADF Group 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 Capex To Depreciation i.e., ADF's Capex To Depreciation and Days Sales Outstanding go up and down completely randomly.
Correlation Coefficient | 0.52 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.Days Sales Outstanding
Most indicators from ADF's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ADF Group 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 ADF Group. 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. As of the 23rd of May 2024, Tax Provision is likely to grow to about 9.2 M, while Selling General Administrative is likely to drop about 12.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 24.7M | 35.6M | 72.9M | 76.6M | Total Revenue | 280.7M | 250.9M | 331.0M | 347.6M |
ADF fundamental ratios Correlations
Click cells to compare fundamentals
ADF Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ADF fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 173.5M | 190.0M | 201.1M | 271.6M | 328.6M | 183.3M | |
Short Long Term Debt Total | 40.2M | 25.6M | 36.7M | 51.5M | 46.4M | 27.6M | |
Other Current Liab | 15.8M | 47.2M | 19.6M | 22.4M | 20.1M | 17.2M | |
Total Current Liabilities | 50.6M | 62.0M | 52.4M | 88.8M | 105.5M | 110.7M | |
Total Stockholder Equity | 94.4M | 99.6M | 108.5M | 125.0M | 162.1M | 99.3M | |
Property Plant And Equipment Net | 88.8M | 84.7M | 105.2M | 112.2M | 107.8M | 72.7M | |
Net Debt | 36.2M | 7.8M | 29.5M | 44.3M | 39.9M | 41.9M | |
Retained Earnings | 12.9M | 19.1M | 28.0M | 42.3M | 79.3M | 83.2M | |
Accounts Payable | 15.4M | 12.1M | 14.8M | 18.8M | 24.4M | 13.1M | |
Non Current Assets Total | 93.6M | 89.4M | 109.9M | 117.2M | 113.0M | 83.6M | |
Non Currrent Assets Other | 1.4M | 1.4M | 1.4M | 1.4M | 1.1M | 997.5K | |
Net Receivables | 66.5M | 70.6M | 72.0M | 134.2M | 63.1M | 43.3M | |
Liabilities And Stockholders Equity | 173.5M | 190.0M | 201.1M | 271.6M | 244.5M | 127.8M | |
Non Current Liabilities Total | 28.5M | 28.3M | 40.2M | 57.9M | 61.0M | 64.0M | |
Inventory | 7.9M | 7.0M | 9.7M | 10.7M | 13.5M | 8.4M | |
Other Current Assets | 11.6M | 10.8M | 2.3M | 2.3M | 3.7M | 3.5M | |
Total Liab | 79.1M | 90.4M | 92.6M | 146.6M | 166.5M | 174.8M | |
Property Plant And Equipment Gross | 88.8M | 144.4M | 162.7M | 173.0M | 172.8M | 181.4M | |
Total Current Assets | 80.0M | 100.6M | 91.1M | 154.4M | 215.6M | 226.4M | |
Cash | 4.0M | 17.8M | 7.1M | 7.2M | 72.4M | 76.0M | |
Cash And Short Term Investments | 4.0M | 17.8M | 7.1M | 7.2M | 6.5M | 9.2M | |
Accumulated Other Comprehensive Income | 6.9M | 5.9M | 5.9M | 8.1M | 9.3M | 9.8M | |
Intangible Assets | 3.4M | 3.3M | 3.4M | 3.6M | 3.9M | 2.6M | |
Short Term Debt | 16.1M | 3.0M | 4.2M | 3.1M | 2.8M | 2.6M | |
Current Deferred Revenue | 3.4M | 23.3M | 13.8M | 44.5M | 51.2M | 53.8M | |
Other Liab | 4.4M | 5.8M | 7.7M | 9.4M | 10.8M | 11.3M | |
Net Tangible Assets | 91.1M | 96.3M | 105.1M | 121.3M | 139.5M | 110.8M | |
Other Assets | 1.4M | 1.4M | 1.4M | 1.4M | 1.2M | 1.2M | |
Long Term Debt | 19.2M | 18.4M | 28.7M | 44.9M | 42.1M | 25.0M | |
Short Long Term Debt | 14.1M | 8.9M | 15.0M | 1.9M | 2.2M | 2.1M | |
Property Plant Equipment | 88.8M | 84.7M | 105.2M | 112.2M | 129.1M | 99.1M | |
Long Term Debt Total | 24.1M | 22.5M | 32.5M | 48.5M | 55.7M | 29.0M | |
Cash And Equivalents | 4.0M | 17.8M | 7.1M | 7.2M | 8.3M | 7.2M | |
Net Invested Capital | 128.6M | 119.8M | 137.2M | 169.9M | 204.3M | 161.3M | |
Net Working Capital | 29.3M | 38.5M | 38.7M | 65.6M | 110.1M | 115.6M |
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Try AI Portfolio ArchitectCheck out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ADF Group. 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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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