Northern Price to Sales Ratio vs Operating Income Analysis
NTIC Stock | USD 13.45 0.05 0.37% |
Northern Technologies financial indicator trend analysis is infinitely more than just investigating Northern Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northern Technologies is a good investment. Please check the relationship between Northern Technologies Price To Sales Ratio and its Operating Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern 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 gross domestic product. For information on how to trade Northern Stock refer to our How to Trade Northern Stock guide.
Price To Sales Ratio vs Operating Income
Price to Sales Ratio vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northern Technologies Price to Sales Ratio account and Operating Income. At this time, the significance of the direction appears to have very week relationship.
The correlation between Northern Technologies' Price to Sales Ratio and Operating Income is 0.21. Overlapping area represents the amount of variation of Price to Sales Ratio that can explain the historical movement of Operating Income in the same time period over historical financial statements of Northern Technologies, assuming nothing else is changed. The correlation between historical values of Northern Technologies' Price to Sales Ratio and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price to Sales Ratio of Northern Technologies are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Price to Sales Ratio i.e., Northern Technologies' Price to Sales Ratio and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.21 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Northern Technologies stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Northern Technologies sales, a figure that is much harder to manipulate than other Northern 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.Operating Income
Operating Income is the amount of profit realized from Northern Technologies operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Northern Technologies is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most indicators from Northern Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northern Technologies 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern 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 gross domestic product. For information on how to trade Northern Stock refer to our How to Trade Northern Stock guide.At present, Northern Technologies' Enterprise Value Multiple is projected to slightly decrease based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 23.1M | 29.1M | 33.4M | 35.1M | Total Revenue | 74.2M | 86.4M | 99.3M | 104.3M |
Northern Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Northern Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Northern Technologies fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 66.1M | 74.4M | 86.2M | 89.3M | 102.7M | 107.9M | |
Other Current Liab | 880.1K | 4.0M | 3.0M | (30.2M) | (27.2M) | (25.9M) | |
Total Current Liabilities | 6.1M | 8.5M | 17.1M | 16.7M | 19.2M | 20.2M | |
Total Stockholder Equity | 56.7M | 62.4M | 63.6M | 66.4M | 76.3M | 80.1M | |
Property Plant And Equipment Net | 7.8M | 12.2M | 12.7M | 14.5M | 16.7M | 17.5M | |
Net Debt | (5.7M) | (7.3M) | 1.1M | 1.4M | 1.2M | 1.3M | |
Retained Earnings | 42.5M | 47.0M | 50.7M | 51.0M | 58.7M | 61.6M | |
Accounts Payable | 3.2M | 4.3M | 7.8M | 6.1M | 7.0M | 7.3M | |
Cash | 6.4M | 7.7M | 5.3M | 5.4M | 6.2M | 3.2M | |
Non Current Assets Total | 32.9M | 40.6M | 46.0M | 49.7M | 57.1M | 60.0M | |
Cash And Short Term Investments | 11.9M | 7.7M | 5.3M | 5.4M | 6.2M | 4.2M | |
Net Receivables | 9.5M | 13.6M | 16.6M | 19.1M | 22.0M | 23.1M | |
Common Stock Shares Outstanding | 9.1M | 9.9M | 9.6M | 9.7M | 11.1M | 9.3M | |
Liabilities And Stockholders Equity | 66.1M | 74.4M | 86.2M | 89.3M | 102.7M | 107.9M | |
Non Current Liabilities Total | 272.4K | 104.1K | 1.9M | 1.9M | 2.2M | 2.3M | |
Inventory | 11.0M | 11.1M | 16.3M | 13.1M | 15.1M | 15.8M | |
Other Current Assets | (1.0) | 1.3M | 2.0M | 21.2B | 24.3B | 25.6B | |
Other Stockholder Equity | 17.4M | 18.7M | 19.9M | 22.0M | 25.3M | 26.5M | |
Total Liab | 6.4M | 8.6M | 18.9M | 18.6M | 21.4M | 22.5M | |
Total Current Assets | 33.2M | 33.7M | 40.2M | 39.7M | 45.6M | 47.9M | |
Property Plant And Equipment Gross | 7.8M | 12.2M | 12.7M | 14.5M | 16.7M | 17.5M | |
Accumulated Other Comprehensive Income | (3.4M) | (3.5M) | (7.2M) | (6.8M) | (6.1M) | (5.8M) | |
Common Stock Total Equity | 181.7K | 182K | 183.7K | 184.7K | 212.3K | 108.5K | |
Common Stock | 182K | 183.7K | 184.7K | 188.5K | 216.8K | 112.5K | |
Other Assets | 1.7M | 1.6M | 209.7K | 92.6K | 83.3K | 79.1K | |
Property Plant Equipment | 7.4M | 7.1M | 12.2M | 12.2M | 14.0M | 14.7M | |
Short Term Investments | 5.5M | 4.6K | 5.6K | 23.7B | 27.2B | 28.6B | |
Good Will | 1.0M | 802.0K | 0.0 | 4.8M | 5.5M | 5.8M | |
Intangible Assets | 802.0K | 709.6K | 6.6M | 6.2M | 7.1M | 7.4M | |
Net Tangible Assets | 56.6M | 56.7M | 61.7M | 52.2M | 60.0M | 53.6M | |
Noncontrolling Interest In Consolidated Entity | 3.1M | 3.0M | 3.4M | 3.6M | 4.2M | 3.2M | |
Retained Earnings Total Equity | 45.0M | 42.5M | 47.0M | 50.7M | 58.3M | 41.9M | |
Capital Surpluse | 16.0M | 17.4M | 18.7M | 19.9M | 22.9M | 16.4M |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern 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 gross domestic product. For information on how to trade Northern Stock refer to our How to Trade Northern Stock guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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When running Northern Technologies' price analysis, check to measure Northern 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 Northern Technologies is operating at the current time. Most of Northern Technologies' value examination focuses on studying past and present price action to predict the probability of Northern Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northern Technologies' price. Additionally, you may evaluate how the addition of Northern Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Northern Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Northern Technologies. If investors know Northern will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Northern Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.8 | Dividend Share 0.28 | Earnings Share 0.34 | Revenue Per Share 8.536 | Quarterly Revenue Growth 0.011 |
The market value of Northern Technologies is measured differently than its book value, which is the value of Northern that is recorded on the company's balance sheet. Investors also form their own opinion of Northern Technologies' value that differs from its market value or its book value, called intrinsic value, which is Northern Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Northern Technologies' market value can be influenced by many factors that don't directly affect Northern Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Northern Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Technologies' 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.