CleanSpark Historical Financial Ratios
| CLSK Stock | USD 18.12 1.11 5.77% |
CleanSpark is presently reporting on over 122 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Dividend Yield of 1.0E-4, PTB Ratio of 0.55 or Days Sales Outstanding of 0.0118 will help investors to properly organize and evaluate CleanSpark financial condition quickly.
CleanSpark |
About CleanSpark Financial Ratios Analysis
CleanSparkFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate CleanSpark investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on CleanSpark financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across CleanSpark history.
CleanSpark Financial Ratios Chart
CleanSpark financial ratios usually calculated using numerical values taken directly from CleanSpark financial statements such as income statements or balance sheets. They help investors to obtain meaningful information about CleanSpark. Most financial ratios help to conduct quantitative analysis to assess vital information about the company's valuation as well as profitability and liquidity indicators such as leverage, growth, profit margins, and different types of rates of return.
At this time, CleanSpark's PB Ratio is quite stable compared to the past year. Inventory Turnover is expected to rise to 162.71 this year, although the value of Days Sales Outstanding will most likely fall to 0.01. Add Fundamental
Price To Sales Ratio
Price to Sales Ratio is figured by comparing CleanSpark stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on CleanSpark sales, a figure that is much harder to manipulate than other CleanSpark 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.Dividend Yield
Dividend Yield is CleanSpark dividend as a percentage of CleanSpark stock price. CleanSpark dividend yield is a measure of CleanSpark stock productivity, which can be interpreted as interest rate earned on an CleanSpark investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.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 ratios from CleanSpark's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into CleanSpark current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CleanSpark. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy CleanSpark Stock please use our How to buy in CleanSpark Stock guide.At this time, CleanSpark's PB Ratio is quite stable compared to the past year. Inventory Turnover is expected to rise to 162.71 this year, although the value of Days Sales Outstanding will most likely fall to 0.01.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.002324 | 5.4E-5 | 6.2E-5 | 5.9E-5 | Price To Sales Ratio | 1.03 | 2.32 | 2.67 | 2.54 |
CleanSpark fundamentals Correlations
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CleanSpark Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CleanSpark fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 11.89 | 6.9 | 1.03 | 2.32 | 2.67 | 2.54 | |
| Ptb Ratio | 7.26 | 1.12 | 0.34 | 0.58 | 0.52 | 0.55 | |
| Days Sales Outstanding | 38.27 | 19.34 | 0.075 | 0.0108 | 0.0125 | 0.0118 | |
| Book Value Per Share | 1.72 | 10.38 | 9.48 | 6.59 | 5.93 | 6.23 | |
| Free Cash Flow Yield | (0.0567) | (0.77) | (0.88) | (0.85) | (0.98) | (0.93) | |
| Invested Capital | 0.0349 | 0.007731 | 0.055 | 0.0247 | 0.0222 | 0.0234 | |
| Operating Cash Flow Per Share | (0.7) | (1.2) | 1.68 | (0.3) | (0.34) | (0.36) | |
| Capex To Depreciation | (0.0416) | (18.67) | (3.89) | (2.5) | (2.25) | (2.37) | |
| Pb Ratio | 7.26 | 1.12 | 0.34 | 0.58 | 0.52 | 0.55 | |
| Ev To Sales | 11.64 | 6.58 | 1.04 | 2.25 | 2.59 | 2.46 | |
| Free Cash Flow Per Share | (0.71) | (8.97) | (2.8) | (3.24) | (3.73) | (3.54) | |
| Roic | (1.29) | (0.0526) | (0.0542) | (0.19) | (0.22) | (0.21) | |
| Inventory Turnover | (2.0E-6) | 5.22 | 190.54 | 172.18 | 154.96 | 162.71 | |
| Net Income Per Share | (3.54) | (0.76) | (1.35) | (1.33) | (1.53) | (1.61) | |
| Days Of Inventory On Hand | (188.2M) | 69.86 | 1.92 | 2.12 | 1.91 | 2.0 | |
| Sales General And Administrative To Revenue | 1.44 | 0.79 | 0.44 | 0.19 | 0.22 | 0.21 | |
| Capex To Revenue | (0.0119) | (4.62) | (1.45) | (1.8) | (2.06) | (2.17) | |
| Cash Per Share | 1.88 | 0.43 | 1.44 | 0.76 | 0.84 | 0.79 | |
| Pocfratio | (17.96) | (9.63) | 1.9 | (12.87) | (14.81) | (14.07) | |
| Interest Coverage | (1.45) | (101.84) | (14.91) | (44.02) | (39.62) | (41.6) | |
| Capex To Operating Cash Flow | 0.018 | 6.45 | (2.67) | 9.95 | 8.95 | 9.4 | |
| Pfcf Ratio | (17.64) | (1.29) | (1.14) | (1.18) | (1.35) | (1.28) | |
| Days Payables Outstanding | 208.95 | 208.45 | 218.31 | 171.84 | 197.61 | 187.73 | |
| Income Quality | 0.28 | 1.62 | (1.78) | 0.23 | 0.26 | 0.31 | |
| Roe | (2.06) | (0.0736) | (0.14) | (0.2) | (0.23) | (0.24) | |
| Ev To Operating Cash Flow | (17.57) | (9.19) | 1.92 | (12.46) | (14.33) | (13.62) | |
| Pe Ratio | (3.53) | (15.16) | (2.35) | (2.86) | (2.58) | (2.71) | |
| Return On Tangible Assets | (4.02) | (0.0788) | (0.13) | (0.18) | (0.16) | (0.17) | |
| Ev To Free Cash Flow | (17.26) | (1.23) | (1.15) | (1.14) | (1.31) | (1.24) | |
| Earnings Yield | (0.28) | (0.066) | (0.43) | (0.35) | (0.4) | (0.38) | |
| Intangibles To Total Assets | 0.62 | 0.1 | 0.0143 | 0.0166 | 0.0191 | 0.0181 | |
| Net Debt To E B I T D A | 0.21 | 5.85 | 0.0533 | 5.98 | 5.38 | 5.65 | |
| Current Ratio | 1.53 | 5.74 | 1.49 | 1.38 | 1.24 | 1.99 | |
| Tangible Book Value Per Share | 0.26 | 9.3 | 9.33 | 6.47 | 5.82 | 6.11 |
Pair Trading with CleanSpark
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 CleanSpark 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 CleanSpark will appreciate offsetting losses from the drop in the long position's value.Moving together with CleanSpark Stock
| 0.71 | WU | Western Union Financial Report 7th of May 2024 | PairCorr |
Moving against CleanSpark Stock
| 0.58 | JG | Aurora Mobile | PairCorr |
| 0.58 | KE | Kimball Electronics Financial Report 2nd of May 2024 | PairCorr |
| 0.52 | MX | MagnaChip Semiconductor Financial Report 1st of May 2024 | PairCorr |
| 0.49 | DV | DoubleVerify Holdings Financial Report 8th of May 2024 | PairCorr |
| 0.43 | G | Genpact Limited Financial Report 8th of May 2024 | PairCorr |
The ability to find closely correlated positions to CleanSpark could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CleanSpark 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 CleanSpark - 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 CleanSpark to buy it.
The correlation of CleanSpark 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 CleanSpark moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CleanSpark 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 CleanSpark 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CleanSpark. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy CleanSpark Stock please use our How to buy in CleanSpark Stock guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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When running CleanSpark's price analysis, check to measure CleanSpark's 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 CleanSpark is operating at the current time. Most of CleanSpark's value examination focuses on studying past and present price action to predict the probability of CleanSpark's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CleanSpark's price. Additionally, you may evaluate how the addition of CleanSpark to your portfolios can decrease your overall portfolio volatility.
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Is CleanSpark's 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 CleanSpark. If investors know CleanSpark 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 CleanSpark listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.69) | Revenue Per Share 1.639 | Quarterly Revenue Growth 1.652 | Return On Assets (0.07) | Return On Equity (0.12) |
The market value of CleanSpark is measured differently than its book value, which is the value of CleanSpark that is recorded on the company's balance sheet. Investors also form their own opinion of CleanSpark's value that differs from its market value or its book value, called intrinsic value, which is CleanSpark's 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 CleanSpark's market value can be influenced by many factors that don't directly affect CleanSpark's 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 CleanSpark's value and its price as these two are different measures arrived at by different means. Investors typically determine if CleanSpark is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CleanSpark'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.