Parex Resources Stock Return On Asset
| PXT Stock | CAD 15.24 0.21 1.40% |
Parex Resources fundamentals help investors to digest information that contributes to Parex Resources' financial success or failures. It also enables traders to predict the movement of Parex Stock. The fundamental analysis module provides a way to measure Parex Resources' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Parex Resources stock.
As of the 23rd of November 2024, Return On Assets is likely to grow to 0.20. Parex | Return On Asset |
Parex Resources Company Return On Asset Analysis
Parex Resources' Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Parex Resources Return On Asset | 0.14 |
Most of Parex Resources' fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Parex Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Parex Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Parex Resources is extremely important. It helps to project a fair market value of Parex Stock properly, considering its historical fundamentals such as Return On Asset. Since Parex Resources' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Parex Resources' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Parex Resources' interrelated accounts and indicators.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Parex Total Assets
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Based on the latest financial disclosure, Parex Resources has a Return On Asset of 0.1371. This is 242.75% higher than that of the Oil, Gas & Consumable Fuels sector and 101.88% lower than that of the Energy industry. The return on asset for all Canada stocks is 197.93% lower than that of the firm.
Parex Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Parex Resources' direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Parex Resources could also be used in its relative valuation, which is a method of valuing Parex Resources by comparing valuation metrics of similar companies.Parex Resources is currently under evaluation in return on asset category among its peers.
Parex Resources Current Valuation Drivers
We derive many important indicators used in calculating different scores of Parex Resources from analyzing Parex Resources' financial statements. These drivers represent accounts that assess Parex Resources' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Parex Resources' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 2.7B | 1.9B | 2.1B | 1.7B | 2.0B | 1.1B | |
| Enterprise Value | 2.3B | 1.6B | 1.8B | 1.3B | 2.0B | 2.1B |
Parex Fundamentals
| Return On Equity | 0.14 | ||||
| Return On Asset | 0.14 | ||||
| Profit Margin | 0.23 % | ||||
| Operating Margin | 0.45 % | ||||
| Current Valuation | 1.33 B | ||||
| Shares Outstanding | 99.22 M | ||||
| Shares Owned By Insiders | 1.67 % | ||||
| Shares Owned By Institutions | 55.98 % | ||||
| Number Of Shares Shorted | 3.23 M | ||||
| Price To Earning | 21.98 X | ||||
| Price To Book | 0.55 X | ||||
| Price To Sales | 1.31 X | ||||
| Revenue | 1.41 B | ||||
| Gross Profit | 1.11 B | ||||
| EBITDA | 796.69 M | ||||
| Net Income | 459.31 M | ||||
| Cash And Equivalents | 419 M | ||||
| Cash Per Share | 3.50 X | ||||
| Total Debt | 95.74 M | ||||
| Debt To Equity | 0 % | ||||
| Current Ratio | 1.81 X | ||||
| Book Value Per Share | 19.43 X | ||||
| Cash Flow From Operations | 376.47 M | ||||
| Short Ratio | 3.91 X | ||||
| Earnings Per Share | 3.55 X | ||||
| Price To Earnings To Growth | 1.96 X | ||||
| Target Price | 16.5 | ||||
| Number Of Employees | 449 | ||||
| Beta | 1.41 | ||||
| Market Capitalization | 1.51 B | ||||
| Total Asset | 2.42 B | ||||
| Retained Earnings | 1.28 B | ||||
| Working Capital | 79.03 M | ||||
| Current Asset | 188.85 M | ||||
| Current Liabilities | 112.14 M | ||||
| Annual Yield | 0.10 % | ||||
| Net Asset | 2.42 B | ||||
| Last Dividend Paid | 1.15 |
About Parex Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Parex Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Parex Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Parex Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Parex Resources
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 Parex Resources 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 Parex Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Parex Stock
The ability to find closely correlated positions to Parex Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Parex Resources 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 Parex Resources - 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 Parex Resources to buy it.
The correlation of Parex Resources 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 Parex Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Parex Resources 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 Parex Resources 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.Other Information on Investing in Parex Stock
Parex Resources financial ratios help investors to determine whether Parex Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Parex with respect to the benefits of owning Parex Resources security.