Eastern Income Quality vs Price To Sales Ratio Analysis

ELR Stock

CAD 0.18 0.01 5.88%

Eastern Platinum financial indicator trend analysis is much more than just examining Eastern Platinum latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eastern Platinum is a good investment. Please check the relationship between Eastern Platinum Income Quality and its Price To Sales Ratio accounts. 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.

Income Quality vs Price To Sales Ratio

Income Quality vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eastern Platinum Income Quality account and Price To Sales Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Eastern Platinum's Income Quality and Price To Sales Ratio is -0.1. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Eastern Platinum Limited, assuming nothing else is changed. The correlation between historical values of Eastern Platinum's Income Quality and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Quality of Eastern Platinum Limited are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Income Quality i.e., Eastern Platinum's Income Quality and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

-0.1

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

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.

Most indicators from Eastern Platinum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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 Selling General Administrative is very stable compared to the past year. As of the 27th of November 2024, Tax Provision is likely to grow to about 45.1 K, while Sales General And Administrative To Revenue is likely to drop 0.06.

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	7.1M	4.3M	6.2M	3.9M
Interest Income	3.2M	1.6M	1.2M	1.5M

Reconciled Depreciation Interest Income

Eastern Platinum fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Current Liab	Other Current Assets	Inventory	Short Term Investments	Short Term Debt	Other Assets	Short Long Term Debt Total	Intangible Assets
Total Assets		0.09	0.99	0.99	-0.91	0.37	0.11	0.94	0.99	-0.66	0.95	0.19	0.08	0.2	0.84	0.25	0.52	0.94	0.1	0.79	0.46	0.82	0.35	0.19	0.02	0.85
Total Current Liabilities	0.09		-0.05	0.05	-0.22	-0.24	0.42	0.22	0.04	-0.22	0.01	0.87	0.67	-0.27	0.16	0.61	0.67	0.26	0.99	0.17	0.76	-0.19	-0.4	-0.13	-0.68	0.18
Total Stockholder Equity	0.99	-0.05		0.98	-0.88	0.39	0.0	0.91	0.98	-0.61	0.97	0.05	0.01	0.17	0.81	0.12	0.41	0.91	-0.03	0.75	0.36	0.87	0.44	0.23	0.15	0.82
Property Plant And Equipment Net	0.99	0.05	0.98		-0.88	0.36	0.11	0.92	1.0	-0.6	0.93	0.16	0.06	0.25	0.8	0.26	0.5	0.9	0.06	0.74	0.43	0.79	0.36	0.2	0.04	0.86
Net Debt	-0.91	-0.22	-0.88	-0.88		-0.46	-0.14	-0.96	-0.87	0.73	-0.91	-0.34	-0.08	0.03	-0.87	-0.17	-0.5	-0.95	-0.22	-0.82	-0.47	-0.74	-0.21	-0.07	0.13	-0.86
Retained Earnings	0.37	-0.24	0.39	0.36	-0.46		-0.32	0.44	0.35	-0.42	0.44	-0.21	-0.71	-0.19	0.45	-0.35	-0.08	0.37	-0.21	0.39	-0.06	0.47	0.22	-0.59	0.2	0.35
Accounts Payable	0.11	0.42	0.0	0.11	-0.14	-0.32		0.16	0.1	-0.33	-0.07	0.75	0.32	0.66	0.22	0.88	0.51	0.13	0.29	0.33	0.25	-0.31	-0.67	0.12	-0.88	0.26
Cash	0.94	0.22	0.91	0.92	-0.96	0.44	0.16		0.91	-0.78	0.92	0.33	0.1	0.07	0.9	0.26	0.51	0.96	0.22	0.85	0.48	0.72	0.13	0.08	-0.1	0.91
Non Current Assets Total	0.99	0.04	0.98	1.0	-0.87	0.35	0.1	0.91		-0.59	0.92	0.15	0.06	0.25	0.78	0.25	0.5	0.89	0.05	0.73	0.42	0.79	0.37	0.21	0.05	0.85
Non Currrent Assets Other	-0.66	-0.22	-0.61	-0.6	0.73	-0.42	-0.33	-0.78	-0.59		-0.71	-0.34	0.06	-0.13	-0.95	-0.31	-0.35	-0.79	-0.2	-0.97	-0.43	-0.55	0.22	0.06	0.33	-0.61
Cash And Short Term Investments	0.95	0.01	0.97	0.93	-0.91	0.44	-0.07	0.92	0.92	-0.71		0.07	0.03	0.01	0.88	0.04	0.38	0.96	0.04	0.81	0.39	0.93	0.45	0.14	0.14	0.75
Net Receivables	0.19	0.87	0.05	0.16	-0.34	-0.21	0.75	0.33	0.15	-0.34	0.07		0.63	0.08	0.27	0.78	0.76	0.33	0.8	0.31	0.58	-0.19	-0.53	-0.09	-0.87	0.33
Common Stock Shares Outstanding	0.08	0.67	0.01	0.06	-0.08	-0.71	0.32	0.1	0.06	0.06	0.03	0.63		-0.08	-0.03	0.47	0.55	0.18	0.64	-0.04	0.42	-0.11	-0.12	0.39	-0.34	0.06
Non Current Liabilities Total	0.2	-0.27	0.17	0.25	0.03	-0.19	0.66	0.07	0.25	-0.13	0.01	0.08	-0.08		0.12	0.59	0.12	0.02	-0.37	0.21	-0.19	-0.09	-0.27	0.25	-0.31	0.2
Other Stockholder Equity	0.84	0.16	0.81	0.8	-0.87	0.45	0.22	0.9	0.78	-0.95	0.88	0.27	-0.03	0.12		0.26	0.42	0.92	0.16	0.98	0.49	0.74	0.03	0.03	-0.18	0.74
Total Liab	0.25	0.61	0.12	0.26	-0.17	-0.35	0.88	0.26	0.25	-0.31	0.04	0.78	0.47	0.59	0.26		0.68	0.23	0.52	0.33	0.52	-0.21	-0.54	0.1	-0.81	0.33
Property Plant And Equipment Gross	0.52	0.67	0.41	0.5	-0.5	-0.08	0.51	0.51	0.5	-0.35	0.38	0.76	0.55	0.12	0.42	0.68		0.53	0.65	0.4	0.74	0.19	-0.09	-0.03	-0.5	0.51
Total Current Assets	0.94	0.26	0.91	0.9	-0.95	0.37	0.13	0.96	0.89	-0.79	0.96	0.33	0.18	0.02	0.92	0.23	0.53		0.26	0.87	0.53	0.82	0.25	0.1	-0.11	0.79
Other Current Liab	0.1	0.99	-0.03	0.06	-0.22	-0.21	0.29	0.22	0.05	-0.2	0.04	0.8	0.64	-0.37	0.16	0.52	0.65	0.26		0.15	0.81	-0.14	-0.31	-0.14	-0.58	0.17
Other Current Assets	0.79	0.17	0.75	0.74	-0.82	0.39	0.33	0.85	0.73	-0.97	0.81	0.31	-0.04	0.21	0.98	0.33	0.4	0.87	0.15		0.46	0.65	-0.1	0.07	-0.28	0.7
Inventory	0.46	0.76	0.36	0.43	-0.47	-0.06	0.25	0.48	0.42	-0.43	0.39	0.58	0.42	-0.19	0.49	0.52	0.74	0.53	0.81	0.46		0.23	-0.08	0.03	-0.39	0.45
Short Term Investments	0.82	-0.19	0.87	0.79	-0.74	0.47	-0.31	0.72	0.79	-0.55	0.93	-0.19	-0.11	-0.09	0.74	-0.21	0.19	0.82	-0.14	0.65	0.23		0.68	0.11	0.36	0.49
Short Term Debt	0.35	-0.4	0.44	0.36	-0.21	0.22	-0.67	0.13	0.37	0.22	0.45	-0.53	-0.12	-0.27	0.03	-0.54	-0.09	0.25	-0.31	-0.1	-0.08	0.68		0.1	0.69	0.0
Other Assets	0.19	-0.13	0.23	0.2	-0.07	-0.59	0.12	0.08	0.21	0.06	0.14	-0.09	0.39	0.25	0.03	0.1	-0.03	0.1	-0.14	0.07	0.03	0.11	0.1		0.13	0.11
Short Long Term Debt Total	0.02	-0.68	0.15	0.04	0.13	0.2	-0.88	-0.1	0.05	0.33	0.14	-0.87	-0.34	-0.31	-0.18	-0.81	-0.5	-0.11	-0.58	-0.28	-0.39	0.36	0.69	0.13		-0.12
Intangible Assets	0.85	0.18	0.82	0.86	-0.86	0.35	0.26	0.91	0.85	-0.61	0.75	0.33	0.06	0.2	0.74	0.33	0.51	0.79	0.17	0.7	0.45	0.49	0.0	0.11	-0.12

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Eastern Platinum Account Relationship Matchups

Eastern Platinum fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	164.8M	163.0M	162.8M	155.6M	160.8M	152.7M
Total Current Liabilities	11.7M	11.9M	16.4M	75.9M	69.0M	72.5M
Total Stockholder Equity	138.2M	125.6M	122.5M	71.9M	88.1M	83.7M
Property Plant And Equipment Net	135.4M	136.6M	124.2M	112.2M	100.8M	95.7M
Net Debt	(1.9M)	2.8M	1.5M	2.7M	(16.7M)	(17.5M)
Retained Earnings	(800.0M)	(808.0M)	(808.8M)	(852.2M)	(836.8M)	(794.9M)
Accounts Payable	9.1M	7.5M	10.1M	5.2M	5.7M	5.3M
Cash	2.0M	1.8M	2.2M	2.4M	18.1M	19.2M
Non Current Assets Total	146.0M	147.0M	131.8M	119.2M	107.2M	101.9M
Non Currrent Assets Other	10.6M	10.4M	7.5M	7.0M	6.5M	6.8M
Cash And Short Term Investments	2.0M	1.8M	6.1M	2.4M	21.3M	20.3M
Net Receivables	13.0M	10.0M	21.4M	20.5M	27.7M	29.0M
Common Stock Shares Outstanding	92.8M	96.7M	135.4M	137.8M	179.0M	188.0M
Liabilities And Stockholders Equity	164.8M	163.0M	162.8M	155.6M	160.8M	152.7M
Non Current Liabilities Total	59.7M	69.8M	66.0M	8.2M	4.1M	3.9M
Other Stockholder Equity	297K	1.1M	1.2M	2.7M	1.1M	1.0M
Total Liab	71.3M	81.7M	82.4M	84.2M	73.1M	59.6M
Property Plant And Equipment Gross	135.4M	136.6M	693.0M	651.2M	532.0M	385.3M
Total Current Assets	18.8M	16.0M	31.0M	36.4M	53.5M	83.5M
Accumulated Other Comprehensive Income	(292.2M)	(299.3M)	(310.7M)	(317.8M)	(322.2M)	(306.1M)
Other Current Liab	2.5M	3.1M	4.9M	66.1M	52.9M	55.6M
Other Current Assets	(492K)	2.8M	2.6M	1.7M	2.1M	0.0
Inventory	1.1M	1.6M	1.8M	11.3M	4.5M	3.9M
Short Term Investments	17.2M	1.4M	0.0	3.9M	3.2M	3.1M
Short Term Debt	18K	1.3M	1.4M	4.7M	1.4M	1.3M
Other Assets	8.8M	10.6M	10.4M	7.5M	8.7M	7.1M
Short Long Term Debt Total	63K	4.6M	3.7M	5.1M	1.5M	1.4M
Current Deferred Revenue	2.5M	3.1M	4.4M	17.3M	9.0M	5.4M
Other Liab	17.5M	17.3M	15.9M	13.9M	12.5M	12.0M
Net Tangible Assets	134.3M	138.2M	125.6M	122.5M	110.2M	141.6M
Property Plant Equipment	133.7M	135.4M	136.6M	124.2M	111.8M	103.4M
Capital Surpluse	410K	501K	1.3M	1.2M	1.4M	831.4K
Cash And Equivalents	3.1M	1.7M	936K	1.1M	1.0M	969.6K
Net Invested Capital	138.2M	125.6M	122.5M	74.8M	89.0M	98.8M
Net Working Capital	7.2M	4.1M	14.6M	(39.5M)	(15.5M)	(14.7M)

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

0.69	AG	First Majestic Silver	Pair Corr
0.63	FDY	Faraday Copper Corp	Pair Corr

Moving against Eastern Stock

0.42

NovaGold Resources

Pair Corr

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.

Pair Correlation Correlation Matching

Other Information on Investing in Eastern Stock

Balance Sheet is a snapshot of the financial position of Eastern Platinum at a specified time, usually calculated after every quarter, six months, or one year. Eastern Platinum Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Eastern Platinum 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 Eastern currently owns. An asset can also be divided into two categories, current and non-current.

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Eastern Income Quality vs Price To Sales Ratio Analysis

Income Quality vs Price To Sales Ratio

Income Quality vs Price To Sales Ratio Correlation Analysis

Correlation Coefficient

Income Quality

Price To Sales Ratio

Eastern Platinum fundamental ratios Correlations

Eastern Platinum Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Eastern Platinum fundamental ratios Accounts

Pair Trading with Eastern Platinum

Moving together with Eastern Stock

Moving against Eastern Stock

Other Information on Investing in Eastern Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Other Current Liab	+ 0.99	Total Current Liabilities
Property Plant And Equipment Net	+ 0.98	Total Stockholder Equity

Other Current Assets	- 0.97	Non Currrent Assets Other
Cash	- 0.96	Net Debt
Other Stockholder Equity	- 0.95	Non Currrent Assets Other
Total Current Assets	- 0.95	Net Debt
Cash And Short Term Investments	- 0.91	Net Debt
Net Debt	- 0.91	Total Assets