Kiwetinohk Price To Sales Ratio vs Average Payables Analysis

KEC Stock   24.52  0.02  0.08%   
Kiwetinohk Energy financial indicator trend analysis is infinitely more than just investigating Kiwetinohk Energy Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kiwetinohk Energy Corp is a good investment. Please check the relationship between Kiwetinohk Energy Price To Sales Ratio and its Average Payables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kiwetinohk Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Price To Sales Ratio vs Average Payables

Price To Sales Ratio vs Average Payables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kiwetinohk Energy Corp Price To Sales Ratio account and Average Payables. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Kiwetinohk Energy's Price To Sales Ratio and Average Payables is 0.52. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Average Payables in the same time period over historical financial statements of Kiwetinohk Energy Corp, assuming nothing else is changed. The correlation between historical values of Kiwetinohk Energy's Price To Sales Ratio and Average Payables 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 Kiwetinohk Energy Corp are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Price To Sales Ratio i.e., Kiwetinohk Energy's Price To Sales Ratio and Average Payables go up and down completely randomly.

Correlation Coefficient

0.52
Relationship DirectionPositive 
Relationship StrengthWeak

Price To Sales Ratio

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

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.
Most indicators from Kiwetinohk Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kiwetinohk Energy 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kiwetinohk Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
At this time, Kiwetinohk Energy's Tax Provision is very stable compared to the past year. As of the 4th of November 2025, Selling General Administrative is likely to grow to about 145.4 M, while Issuance Of Capital Stock is likely to drop about 1.1 M.
 2022 2023 2024 2025 (projected)
Gross Profit418.6M199.2M256.9M209.8M
Total Revenue768.5M448.5M510.1M376.0M

Kiwetinohk Energy fundamental ratios Correlations

0.920.550.941.00.950.991.00.940.880.96-0.841.0-0.380.52-0.840.96-0.840.90.941.00.481.01.00.890.96
0.920.30.80.920.890.850.911.00.980.82-0.760.92-0.090.32-0.760.83-0.751.00.990.90.410.880.910.820.83
0.550.30.770.550.650.620.540.370.20.75-0.710.54-0.970.73-0.710.74-0.620.280.40.60.010.590.550.590.72
0.940.80.770.940.960.950.950.840.730.99-0.90.94-0.630.57-0.90.97-0.840.80.870.960.270.960.950.830.97
1.00.920.550.940.950.990.990.930.880.96-0.831.0-0.380.55-0.830.96-0.860.90.931.00.520.990.990.910.96
0.950.890.650.960.950.920.950.920.820.96-0.890.95-0.490.47-0.890.95-0.870.890.940.970.360.950.940.850.98
0.990.850.620.950.990.920.990.880.810.97-0.830.99-0.460.6-0.830.97-0.840.830.880.990.470.990.990.90.95
1.00.910.540.950.990.950.990.930.870.96-0.851.0-0.370.49-0.850.95-0.820.90.940.990.461.01.00.860.95
0.941.00.370.840.930.920.880.930.970.86-0.820.94-0.170.37-0.820.87-0.750.990.990.920.40.90.930.830.86
0.880.980.20.730.880.820.810.870.970.76-0.70.880.010.35-0.70.79-0.680.980.950.850.460.840.870.820.75
0.960.820.750.990.960.960.970.960.860.76-0.90.96-0.610.65-0.90.99-0.840.80.870.980.390.970.960.890.98
-0.84-0.76-0.71-0.9-0.83-0.89-0.83-0.85-0.82-0.7-0.9-0.840.59-0.581.0-0.90.58-0.75-0.81-0.85-0.25-0.84-0.85-0.7-0.85
1.00.920.540.941.00.950.991.00.940.880.96-0.84-0.370.51-0.840.95-0.830.90.941.00.481.01.00.880.95
-0.38-0.09-0.97-0.63-0.38-0.49-0.46-0.37-0.170.01-0.610.59-0.37-0.680.59-0.590.48-0.07-0.2-0.440.01-0.43-0.37-0.43-0.58
0.520.320.730.570.550.470.60.490.370.350.65-0.580.51-0.68-0.580.71-0.480.280.340.540.360.530.490.740.56
-0.84-0.76-0.71-0.9-0.83-0.89-0.83-0.85-0.82-0.7-0.91.0-0.840.59-0.58-0.90.58-0.75-0.81-0.85-0.25-0.84-0.85-0.7-0.85
0.960.830.740.970.960.950.970.950.870.790.99-0.90.95-0.590.71-0.9-0.840.810.870.970.410.960.950.920.97
-0.84-0.75-0.62-0.84-0.86-0.87-0.84-0.82-0.75-0.68-0.840.58-0.830.48-0.480.58-0.84-0.74-0.79-0.86-0.39-0.85-0.82-0.89-0.91
0.91.00.280.80.90.890.830.90.990.980.8-0.750.9-0.070.28-0.750.81-0.740.990.880.360.870.90.790.81
0.940.990.40.870.930.940.880.940.990.950.87-0.810.94-0.20.34-0.810.87-0.790.990.930.360.910.940.830.88
1.00.90.60.961.00.970.990.990.920.850.98-0.851.0-0.440.54-0.850.97-0.860.880.930.481.00.990.90.98
0.480.410.010.270.520.360.470.460.40.460.39-0.250.480.010.36-0.250.41-0.390.360.360.480.470.420.530.43
1.00.880.590.960.990.950.991.00.90.840.97-0.841.0-0.430.53-0.840.96-0.850.870.911.00.470.990.880.96
1.00.910.550.950.990.940.991.00.930.870.96-0.851.0-0.370.49-0.850.95-0.820.90.940.990.420.990.860.95
0.890.820.590.830.910.850.90.860.830.820.89-0.70.88-0.430.74-0.70.92-0.890.790.830.90.530.880.860.88
0.960.830.720.970.960.980.950.950.860.750.98-0.850.95-0.580.56-0.850.97-0.910.810.880.980.430.960.950.88
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Kiwetinohk Energy Account Relationship Matchups

Kiwetinohk Energy fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets173.0M614.3M932.7M1.1B1.2B758.3M
Short Long Term Debt Total505K33.5M130.9M220.6M253.7M266.4M
Other Current Liab3.0M91.7M109.8M6.7M20.9M19.9M
Total Current Liabilities3.3M92.3M110.3M69.7M112.1M71.7M
Total Stockholder Equity166.3M397.4M600.6M710.2M715.0M494.9M
Property Plant And Equipment Net76.9M564.3M790.7M953.5M1.1B660.8M
Net Debt(54.0M)31.1M142.5M215.6M249.9M262.4M
Retained Earnings(29.0M)(62.2M)128.7M240.6M241.7M253.8M
Accounts Payable3.0M54.4M77.0M59.2M68.1M43.3M
Non Current Assets Total115.3M566.8M836.6M997.7M1.1B687.1M
Net Receivables2.8M43.2M79.8M57.9M60.2M45.1M
Common Stock Shares Outstanding43.6M43.7M44.6M44.5M43.8M44.8M
Long Term Debt Total177K32.9M130.4M216.8M279.6M293.6M
Liabilities And Stockholders Equity173.0M614.3M932.7M1.1B1.2B758.3M
Non Current Liabilities Total3.4M124.6M221.7M305.7M388.5M407.9M
Capital Surpluse8.1M24.3M31.0M35.0M36.9M25.9M
Other Stockholder Equity8.1M24.3M31.0M35.0M40.2M22.9M
Total Liab6.7M216.9M332.0M375.4M500.5M263.4M
Total Current Assets57.7M47.6M96.1M88.0M68.3M71.2M
Common Stock187.2M435.4M440.9M434.6M436.5M378.1M
Property Plant Equipment76.9M564.3M790.7M953.5M1.1B660.8M

Pair Trading with Kiwetinohk Energy

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 Kiwetinohk Energy 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 Kiwetinohk Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against Kiwetinohk Stock

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The ability to find closely correlated positions to Kiwetinohk Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kiwetinohk Energy 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 Kiwetinohk Energy - 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 Kiwetinohk Energy Corp to buy it.
The correlation of Kiwetinohk Energy 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 Kiwetinohk Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kiwetinohk Energy 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 Kiwetinohk Energy 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 CorrelationCorrelation Matching

Other Information on Investing in Kiwetinohk Stock

Balance Sheet is a snapshot of the financial position of Kiwetinohk Energy Corp at a specified time, usually calculated after every quarter, six months, or one year. Kiwetinohk Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Kiwetinohk Energy and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Kiwetinohk currently owns. An asset can also be divided into two categories, current and non-current.