Voyageur Inventory Turnover vs Roic Analysis
VM Stock | CAD 0.07 0.01 8.33% |
Voyageur Pharmaceuticals financial indicator trend analysis is much more than just breaking down Voyageur Pharmaceuticals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Voyageur Pharmaceuticals is a good investment. Please check the relationship between Voyageur Pharmaceuticals Inventory Turnover and its Roic accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Voyageur Pharmaceuticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Inventory Turnover vs Roic
Inventory Turnover vs Roic Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Voyageur Pharmaceuticals Inventory Turnover account and Roic. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Voyageur Pharmaceuticals' Inventory Turnover and Roic is -0.03. Overlapping area represents the amount of variation of Inventory Turnover that can explain the historical movement of Roic in the same time period over historical financial statements of Voyageur Pharmaceuticals, assuming nothing else is changed. The correlation between historical values of Voyageur Pharmaceuticals' Inventory Turnover and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory Turnover of Voyageur Pharmaceuticals are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Inventory Turnover i.e., Voyageur Pharmaceuticals' Inventory Turnover and Roic go up and down completely randomly.
Correlation Coefficient | -0.03 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.Most indicators from Voyageur Pharmaceuticals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Voyageur Pharmaceuticals 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Voyageur Pharmaceuticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Voyageur Pharmaceuticals' Selling General Administrative is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 11.97 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 1.2 M in 2024.
Voyageur Pharmaceuticals fundamental ratios Correlations
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Voyageur Pharmaceuticals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Voyageur Pharmaceuticals fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.3M | 2.6M | 2.1M | 2.2M | 2.5M | 2.6M | |
Total Current Liabilities | 910.3K | 621.1K | 591.3K | 673.9K | 775.0K | 418.5K | |
Total Stockholder Equity | 306.3K | 1.9M | 1.5M | 1.4M | 1.7M | 1.7M | |
Net Debt | 265.4K | (770.9K) | (6.0K) | 37.9K | 43.6K | 45.8K | |
Cash | 3.0K | 813.0K | 31.6K | 2.1K | 1.9K | 1.8K | |
Cash And Short Term Investments | 3.0K | 813.0K | 31.6K | 2.1K | 1.9K | 1.8K | |
Net Receivables | 12.7K | 41.5K | 23.9K | 35.9K | 41.3K | 35.5K | |
Common Stock Shares Outstanding | 70.5M | 94.7M | 107.8M | 130.5M | 150.1M | 157.6M | |
Liabilities And Stockholders Equity | 1.3M | 2.6M | 2.1M | 2.2M | 2.5M | 2.6M | |
Total Liab | 968.8K | 660.6K | 630.8K | 727.9K | 837.1K | 484.9K | |
Total Current Assets | 25.5K | 887.3K | 157.2K | 88.6K | 101.9K | 96.8K | |
Retained Earnings | (3.9M) | (6.0M) | (7.7M) | (9.1M) | (8.2M) | (7.8M) | |
Other Stockholder Equity | 791.1K | 1.6M | 1.6M | 1.9M | 2.1M | 2.2M | |
Other Current Liab | 49.1K | 24.0K | 1.0 | 673.7K | 774.7K | 813.4K | |
Net Tangible Assets | 515.7K | 754.1K | 306.3K | 1.9M | 2.2M | 2.3M | |
Property Plant And Equipment Net | 1.2M | 1.7M | 1.9M | 5.8K | 6.7K | 6.4K | |
Accounts Payable | 662.4K | 584.7K | 591.3K | 218.01 | 250.71 | 238.18 | |
Non Current Assets Total | 1.2M | 1.7M | 1.9M | 2.1M | 2.4M | 1.3M | |
Other Current Assets | 12.67 | 23.1K | 91.4K | 76.2K | 87.7K | 61.2K | |
Common Stock | 3.4M | 6.3M | 7.6M | 8.7M | 10.0M | 10.5M | |
Property Plant Equipment | 1.0M | 1.2M | 1.2M | 1.7M | 1.9M | 974.4K | |
Non Current Liabilities Total | 38.1K | 58.5K | 39.5K | 54K | 48.6K | 46.2K | |
Short Long Term Debt Total | 268.4K | 42.1K | 25.5K | 40K | 36K | 34.2K | |
Net Invested Capital | 545.3K | 1.9M | 1.5M | 1.5M | 1.7M | 1.1M | |
Net Working Capital | (884.8K) | 266.2K | (434.1K) | (585.2K) | (673.0K) | (706.7K) | |
Short Term Debt | 8.6K | 114.5K | 223.9K | 16.6K | 19.0K | 18.1K | |
Capital Stock | 3.4M | 6.3M | 7.6M | 8.7M | 10.0M | 5.7M |
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