Xtra Gold Resources Corp Stock Return On Asset
| XTG Stock | CAD 1.79 0.06 3.47% |
Xtra Gold Resources Corp fundamentals help investors to digest information that contributes to Xtra Gold's financial success or failures. It also enables traders to predict the movement of Xtra Stock. The fundamental analysis module provides a way to measure Xtra Gold's 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 Xtra Gold stock.
As of the 1st of December 2024, Return On Assets is likely to drop to -0.01. Xtra | Return On Asset |
Xtra Gold Resources Corp Company Return On Asset Analysis
Xtra Gold's 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 Xtra Gold Return On Asset | 0.11 |
Most of Xtra Gold's 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, Xtra Gold Resources Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Xtra Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Xtra Gold is extremely important. It helps to project a fair market value of Xtra Stock properly, considering its historical fundamentals such as Return On Asset. Since Xtra Gold's 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 Xtra Gold's 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 Xtra Gold's interrelated accounts and indicators.
Click cells to compare fundamentals
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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Xtra Total Assets
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Based on the latest financial disclosure, Xtra Gold Resources Corp has a Return On Asset of 0.1123. This is 84.82% lower than that of the Metals & Mining sector and notably lower than that of the Materials industry. The return on asset for all Canada stocks is 180.21% lower than that of the firm.
Xtra Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Xtra Gold's 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 Xtra Gold could also be used in its relative valuation, which is a method of valuing Xtra Gold by comparing valuation metrics of similar companies.Xtra Gold is currently under evaluation in return on asset category among its peers.
Xtra Gold Current Valuation Drivers
We derive many important indicators used in calculating different scores of Xtra Gold from analyzing Xtra Gold's financial statements. These drivers represent accounts that assess Xtra Gold's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Xtra Gold's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 24.4M | 48.6M | 36.2M | 29.9M | 36.7M | 40.2M | |
| Enterprise Value | 20.4M | 44.2M | 31.6M | 24.1M | 29.5M | 37.3M |
Xtra Fundamentals
| Return On Equity | 0.0738 | ||||
| Return On Asset | 0.11 | ||||
| Current Valuation | 63.61 M | ||||
| Shares Outstanding | 46.04 M | ||||
| Shares Owned By Insiders | 22.99 % | ||||
| Number Of Shares Shorted | 1.7 K | ||||
| Price To Earning | 19.17 X | ||||
| Price To Book | 4.57 X | ||||
| EBITDA | 2.27 M | ||||
| Net Income | 14.72 K | ||||
| Cash And Equivalents | 5.78 M | ||||
| Cash Per Share | 0.14 X | ||||
| Total Debt | 1.52 M | ||||
| Current Ratio | 20.82 X | ||||
| Book Value Per Share | 0.28 X | ||||
| Cash Flow From Operations | 1.81 M | ||||
| Short Ratio | 0.09 X | ||||
| Earnings Per Share | 0.01 X | ||||
| Beta | 0.56 | ||||
| Market Capitalization | 82.42 M | ||||
| Total Asset | 11.86 M | ||||
| Retained Earnings | (21.51 M) | ||||
| Working Capital | 8.77 M | ||||
| Net Asset | 11.86 M |
About Xtra Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Xtra Gold Resources Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Xtra Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Xtra Gold Resources Corp 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 Xtra Gold
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 Xtra Gold 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 Xtra Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Xtra Stock
Moving against Xtra Stock
The ability to find closely correlated positions to Xtra Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xtra Gold 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 Xtra Gold - 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 Xtra Gold Resources Corp to buy it.
The correlation of Xtra Gold 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 Xtra Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xtra Gold 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 Xtra Gold 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 Xtra Stock
Xtra Gold financial ratios help investors to determine whether Xtra 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 Xtra with respect to the benefits of owning Xtra Gold security.