Imagine Days Sales Outstanding vs Ptb Ratio Analysis

ILI Stock  CAD 0.04  0.01  14.29%   
Imagine Lithium financial indicator trend analysis is infinitely more than just investigating Imagine Lithium recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Imagine Lithium is a good investment. Please check the relationship between Imagine Lithium Days Sales Outstanding and its Ptb Ratio accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Imagine Lithium. 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 Imagine Lithium Days Sales Outstanding account and Ptb Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Imagine Lithium's Days Sales Outstanding and Ptb Ratio is -0.29. 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 Imagine Lithium, assuming nothing else is changed. The correlation between historical values of Imagine Lithium's 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 Imagine Lithium 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., Imagine Lithium's Days Sales Outstanding and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

-0.29
Relationship DirectionNegative 
Relationship StrengthInsignificant

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 Imagine Lithium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Imagine Lithium 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Imagine Lithium. 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, Imagine Lithium's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 19.62 in 2024, whereas Selling General Administrative is likely to drop slightly above 933.8 K in 2024.

Imagine Lithium fundamental ratios Correlations

-0.471.0-0.53-0.69-0.50.520.590.93-0.38-0.470.610.950.950.770.73-0.52-0.26-0.25-0.520.880.980.950.85-0.780.76
-0.47-0.530.430.120.98-0.37-0.4-0.360.881.0-0.41-0.45-0.45-0.34-0.270.61-0.16-0.040.61-0.47-0.46-0.44-0.460.51-0.26
1.0-0.53-0.54-0.67-0.560.530.60.92-0.44-0.530.620.950.950.760.72-0.55-0.23-0.23-0.550.880.970.940.85-0.790.75
-0.530.43-0.540.340.48-1.0-0.98-0.250.420.43-0.98-0.26-0.25-0.01-0.130.470.040.080.47-0.51-0.49-0.33-0.360.27-0.02
-0.690.12-0.670.340.12-0.34-0.4-0.680.160.12-0.42-0.61-0.61-0.5-0.50.560.66-0.020.56-0.79-0.75-0.73-0.660.72-0.55
-0.50.98-0.560.480.12-0.43-0.46-0.360.860.98-0.47-0.46-0.46-0.33-0.290.56-0.150.020.56-0.48-0.47-0.43-0.440.48-0.24
0.52-0.370.53-1.0-0.34-0.430.990.24-0.37-0.370.980.240.240.00.12-0.43-0.06-0.09-0.430.490.480.310.36-0.240.01
0.59-0.40.6-0.98-0.4-0.460.990.33-0.39-0.41.00.320.320.110.24-0.47-0.08-0.12-0.470.590.560.380.45-0.280.12
0.93-0.360.92-0.25-0.68-0.360.240.33-0.32-0.360.360.960.960.90.86-0.54-0.17-0.27-0.540.850.960.960.86-0.760.9
-0.380.88-0.440.420.160.86-0.37-0.39-0.320.88-0.4-0.35-0.35-0.27-0.230.76-0.27-0.030.76-0.48-0.44-0.41-0.430.51-0.19
-0.471.0-0.530.430.120.98-0.37-0.4-0.360.88-0.41-0.45-0.45-0.34-0.270.61-0.16-0.040.61-0.47-0.46-0.44-0.460.51-0.26
0.61-0.410.62-0.98-0.42-0.470.981.00.36-0.4-0.410.350.350.140.27-0.48-0.09-0.11-0.480.620.580.410.47-0.310.15
0.95-0.450.95-0.26-0.61-0.460.240.320.96-0.35-0.450.351.00.870.75-0.45-0.19-0.26-0.450.830.930.970.83-0.820.84
0.95-0.450.95-0.25-0.61-0.460.240.320.96-0.35-0.450.351.00.870.75-0.45-0.19-0.26-0.450.820.930.970.83-0.820.84
0.77-0.340.76-0.01-0.5-0.330.00.110.9-0.27-0.340.140.870.870.88-0.41-0.08-0.04-0.410.680.810.820.74-0.650.97
0.73-0.270.72-0.13-0.5-0.290.120.240.86-0.23-0.270.270.750.750.88-0.41-0.08-0.24-0.410.630.780.70.72-0.40.87
-0.520.61-0.550.470.560.56-0.43-0.47-0.540.760.61-0.48-0.45-0.45-0.41-0.41-0.11-0.141.0-0.68-0.64-0.6-0.60.63-0.43
-0.26-0.16-0.230.040.66-0.15-0.06-0.08-0.17-0.27-0.16-0.09-0.19-0.19-0.08-0.08-0.11-0.16-0.11-0.25-0.22-0.22-0.280.32-0.14
-0.25-0.04-0.230.08-0.020.02-0.09-0.12-0.27-0.03-0.04-0.11-0.26-0.26-0.04-0.24-0.14-0.16-0.14-0.14-0.21-0.2-0.07-0.090.06
-0.520.61-0.550.470.560.56-0.43-0.47-0.540.760.61-0.48-0.45-0.45-0.41-0.411.0-0.11-0.14-0.68-0.64-0.6-0.60.63-0.43
0.88-0.470.88-0.51-0.79-0.480.490.590.85-0.48-0.470.620.830.820.680.63-0.68-0.25-0.14-0.680.910.890.87-0.830.68
0.98-0.460.97-0.49-0.75-0.470.480.560.96-0.44-0.460.580.930.930.810.78-0.64-0.22-0.21-0.640.910.970.89-0.80.81
0.95-0.440.94-0.33-0.73-0.430.310.380.96-0.41-0.440.410.970.970.820.7-0.6-0.22-0.2-0.60.890.970.86-0.890.82
0.85-0.460.85-0.36-0.66-0.440.360.450.86-0.43-0.460.470.830.830.740.72-0.6-0.28-0.07-0.60.870.890.86-0.770.77
-0.780.51-0.790.270.720.48-0.24-0.28-0.760.510.51-0.31-0.82-0.82-0.65-0.40.630.32-0.090.63-0.83-0.8-0.89-0.77-0.66
0.76-0.260.75-0.02-0.55-0.240.010.120.9-0.19-0.260.150.840.840.970.87-0.43-0.140.06-0.430.680.810.820.77-0.66
Click cells to compare fundamentals

Imagine Lithium Account Relationship Matchups

Imagine Lithium fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.7M6.8M13.0M11.0M12.6M13.3M
Total Current Liabilities145.7K44.8K253.8K275.6K248.1K330.4K
Total Stockholder Equity5.5M6.7M12.8M10.7M12.3M12.9M
Net Debt(830.4K)(1.1M)(4.7M)(814.6K)(733.2K)(769.8K)
Retained Earnings(20.6M)(21.9M)(22.4M)(25.7M)(23.1M)(21.9M)
Accounts Payable118.0K17.0K63.5K151.1K136.0K185.7K
Cash830.4K1.1M4.7M814.6K936.8K852.9K
Cash And Short Term Investments834.4K1.1M4.8M1.5M1.7M960.8K
Common Stock Shares Outstanding59.6M98.2M143.0M216.0M248.4M260.8M
Liabilities And Stockholders Equity5.7M6.8M13.0M11.0M12.6M13.3M
Other Stockholder Equity3.9M(225K)4.6M4.3M4.9M5.7M
Total Liab145.7K44.8K253.8K275.6K248.1K330.4K
Total Current Assets855.1K1.1M4.9M1.7M1.9M1.0M
Property Plant And Equipment Net4.8M5.7M8.1M9.3M10.7M11.2M
Non Current Assets Total4.8M5.7M8.1M9.3M10.7M11.2M
Net Receivables14.5K29.1K32.4K136.6K122.9K129.1K
Short Term Investments4.1K2.9K110K693.3K797.3K837.2K
Common Stock22.1M24.0M30.8M31.6M36.4M21.9M
Net Tangible Assets4.8M5.5M6.7M12.8M14.7M15.4M
Property Plant Equipment4.4M4.7M5.7M8.1M9.4M9.8M
Other Current Assets6.1K14.0K18.9K46.2K53.2K55.8K
Net Invested Capital5.5M6.7M12.8M10.7M12.3M8.5M
Net Working Capital709.4K1.1M4.6M1.4M1.3M1.7M
Capital Stock22.1M24.0M30.8M31.6M36.4M28.4M
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 Imagine Lithium 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, Imagine Lithium's short interest history, or implied volatility extrapolated from Imagine Lithium options trading.

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Imagine Lithium. 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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Please note, there is a significant difference between Imagine Lithium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Imagine Lithium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Imagine Lithium'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.