Eastern Historical Financial Ratios
| ELR Stock | CAD 0.18 0.01 5.88% |
Eastern Platinum is recently reporting on over 96 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 PTB Ratio of 0.27 or Days Sales Outstanding of 89.67 will help investors to properly organize and evaluate Eastern Platinum financial condition quickly.
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About Eastern Financial Ratios Analysis
Eastern PlatinumFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Eastern Platinum 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 Eastern financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Eastern Platinum history.
Eastern Platinum Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Eastern Platinum stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Eastern Platinum sales, a figure that is much harder to manipulate than other Eastern Platinum Limited 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.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Most ratios from Eastern Platinum's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Eastern Platinum 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastern Platinum Limited. 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, Eastern Platinum's Average Inventory is very stable compared to the past year. As of the 27th of November 2024, POCF Ratio is likely to grow to 1.39, while Price To Sales Ratio is likely to drop 0.22.
| 2022 | 2023 (projected) | Days Sales Outstanding | 149.92 | 94.39 | PTB Ratio | 0.2 | 0.28 |
Eastern Platinum fundamentals Correlations
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Eastern Platinum Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eastern Platinum fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 0.47 | 0.55 | 0.46 | 0.29 | 0.23 | 0.22 | |
| Ptb Ratio | 0.17 | 0.12 | 0.13 | 0.25 | 0.2 | 0.28 | |
| Days Sales Outstanding | 120.6 | 65.06 | 114.29 | 149.92 | 94.39 | 89.67 | |
| Book Value Per Share | 1.01 | 0.84 | 0.59 | 0.54 | 0.49 | 0.47 | |
| Free Cash Flow Yield | (0.51) | (0.0293) | (0.16) | (0.56) | 0.65 | 0.68 | |
| Operating Cash Flow Per Share | (0.0252) | (0.0955) | 0.0161 | 0.006572 | (0.0409) | 0.11 | |
| Stock Based Compensation To Revenue | 0.002981 | 0.004008 | 0.003343 | 0.005137 | 0.001188 | 0.001128 | |
| Capex To Depreciation | 0.22 | 0.56 | 0.85 | 0.66 | 0.42 | 0.4 | |
| Pb Ratio | 0.17 | 0.12 | 0.13 | 0.25 | 0.2 | 0.28 | |
| Ev To Sales | 0.42 | 0.6 | 0.48 | 0.35 | 0.0776 | 0.0737 | |
| Free Cash Flow Per Share | (0.1) | (0.00943) | (0.0378) | (0.0623) | 0.0909 | 0.0954 | |
| Roic | (0.0131) | (0.00368) | 0.0122 | 0.0134 | 0.21 | 0.22 | |
| Inventory Turnover | 30.93 | 32.57 | 32.69 | 3.88 | 15.74 | 16.53 | |
| Net Income Per Share | (0.0124) | (0.0972) | (0.02) | (0.0189) | 0.0769 | 0.0808 | |
| Days Of Inventory On Hand | 11.8 | 11.21 | 11.17 | 94.11 | 23.19 | 22.03 | |
| Payables Turnover | 3.69 | 6.75 | 5.81 | 8.51 | 12.42 | 11.8 | |
| Sales General And Administrative To Revenue | 0.0673 | 0.13 | 0.11 | 0.15 | 0.0655 | 0.0622 | |
| Capex To Revenue | 0.015 | 0.044 | 0.0881 | 0.0569 | 0.0246 | 0.0234 | |
| Cash Per Share | 0.0211 | 0.0183 | 0.0454 | 0.0185 | 0.12 | 0.11 | |
| Pocfratio | (2.09) | 19.96 | 34.89 | (2.71) | 1.32 | 1.39 | |
| Interest Coverage | (45.24) | (0.45) | (0.11) | 0.37 | 3.52 | 3.7 | |
| Capex To Operating Cash Flow | (0.0666) | 1.58 | 6.75 | (0.52) | 0.14 | 0.15 | |
| Pfcf Ratio | (1.96) | (34.12) | (6.07) | (1.78) | 1.54 | 1.61 | |
| Days Payables Outstanding | 99.0 | 54.05 | 62.79 | 42.9 | 29.38 | 27.91 | |
| Income Quality | 9.57 | (0.17) | (0.34) | 2.16 | 1.37 | 1.44 | |
| Roe | (0.16) | (0.00829) | (0.0748) | (0.0221) | (0.0348) | 0.16 | |
| Ev To Operating Cash Flow | (1.88) | 21.75 | 36.53 | (3.2) | 0.44 | 0.46 | |
| Pe Ratio | (16.16) | (3.31) | (11.45) | (5.85) | 1.81 | 1.9 | |
| Return On Tangible Assets | (0.006952) | (0.0576) | (0.0167) | (0.0161) | 0.0856 | 0.0899 | |
| Ev To Free Cash Flow | (1.76) | (37.17) | (6.35) | (2.1) | 0.51 | 0.54 | |
| Earnings Yield | (0.0619) | (0.3) | (0.0873) | (0.17) | 0.55 | 0.58 | |
| Net Debt To E B I T D A | (1.61) | 3.24 | 0.16 | 0.43 | (0.71) | (0.67) | |
| Current Ratio | 1.61 | 1.34 | 1.89 | 0.48 | 0.78 | 0.74 | |
| Tangible Book Value Per Share | 1.01 | 0.84 | 0.59 | 0.54 | 0.49 | 0.47 | |
| Receivables Turnover | 3.03 | 5.61 | 3.19 | 2.43 | 3.87 | 5.83 | |
| Graham Number | 2.27 | 0.64 | 1.68 | 0.48 | 0.92 | 0.88 | |
| Shareholders Equity Per Share | 1.49 | 1.3 | 0.9 | 0.54 | 0.49 | 0.47 |
Pair Trading with Eastern Platinum
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 Eastern Platinum 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 Eastern Platinum will appreciate offsetting losses from the drop in the long position's value.Moving together with Eastern Stock
Moving against Eastern Stock
The ability to find closely correlated positions to Eastern Platinum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastern Platinum 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 Eastern Platinum - 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 Eastern Platinum Limited to buy it.
The correlation of Eastern Platinum 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 Eastern Platinum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastern Platinum 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 Eastern Platinum 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 Eastern Stock
Eastern PlatinumFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Eastern Platinum 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 Eastern financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Eastern Platinum history.