First Free Cash Flow Yield vs Days Sales Outstanding Analysis

FM Stock

CAD 19.28 0.21 1.10%

First Quantum financial indicator trend analysis is much more than just examining First Quantum Minerals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Quantum Minerals is a good investment. Please check the relationship between First Quantum Free Cash Flow Yield and its Days Sales Outstanding accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Quantum Minerals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Free Cash Flow Yield vs Days Sales Outstanding

Free Cash Flow Yield vs Days Sales Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Quantum Minerals Free Cash Flow Yield account and Days Sales Outstanding. At this time, the significance of the direction appears to have pay attention.

The correlation between First Quantum's Free Cash Flow Yield and Days Sales Outstanding is -0.95. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of First Quantum Minerals, assuming nothing else is changed. The correlation between historical values of First Quantum's Free Cash Flow Yield and Days Sales Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of First Quantum Minerals are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Free Cash Flow Yield i.e., First Quantum's Free Cash Flow Yield and Days Sales Outstanding go up and down completely randomly.

Correlation Coefficient

-0.95

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Days Sales Outstanding

Most indicators from First Quantum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Quantum Minerals 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 First Quantum Minerals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At this time, First Quantum's Selling General Administrative is very stable compared to the past year. As of the 23rd of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.03, though Discontinued Operations is likely to grow to (228.3 M).

	2021	2022	2023	2024 (projected)
Gross Profit	2.6B	2.2B	1.3B	827.2M
Total Revenue	7.2B	7.6B	6.5B	6.8B

Gross Profit Total Revenue

First Quantum fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	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	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Assets	Common Stock Total Equity
Total Assets		0.98	0.63	0.85	0.95	1.0	-0.24	0.96	0.86	0.95	0.75	1.0	0.59	0.75	0.74	0.84	0.98	0.91	0.34	-0.53	0.98	0.92	0.85	0.64	0.36	0.91
Short Long Term Debt Total	0.98		0.65	0.84	0.89	0.98	-0.3	0.99	0.77	0.91	0.7	0.98	0.5	0.7	0.7	0.77	0.99	0.83	0.21	-0.56	0.99	0.88	0.79	0.65	0.32	0.87
Other Current Liab	0.63	0.65		0.66	0.45	0.61	-0.31	0.6	0.34	0.51	0.71	0.63	0.63	0.71	0.5	0.52	0.69	0.42	-0.06	-0.38	0.7	0.55	0.64	0.38	0.62	0.55
Total Current Liabilities	0.85	0.84	0.66		0.76	0.84	-0.17	0.81	0.62	0.84	0.7	0.85	0.45	0.7	0.52	0.73	0.81	0.74	0.18	-0.4	0.86	0.72	0.71	0.91	0.4	0.79
Total Stockholder Equity	0.95	0.89	0.45	0.76		0.95	-0.15	0.87	0.95	0.94	0.67	0.95	0.56	0.67	0.74	0.88	0.87	0.95	0.52	-0.48	0.88	0.89	0.83	0.57	0.29	0.9
Property Plant And Equipment Net	1.0	0.98	0.61	0.84	0.95		-0.22	0.97	0.84	0.94	0.71	1.0	0.53	0.71	0.72	0.85	0.97	0.89	0.35	-0.53	0.98	0.9	0.83	0.64	0.32	0.92
Current Deferred Revenue	-0.24	-0.3	-0.31	-0.17	-0.15	-0.22		-0.31	-0.22	-0.19	-0.1	-0.24	-0.48	-0.1	-0.12	0.09	-0.31	-0.2	-0.04	0.8	-0.29	-0.33	-0.11	-0.19	-0.06	-0.07
Net Debt	0.96	0.99	0.6	0.81	0.87	0.97	-0.31		0.74	0.89	0.6	0.97	0.45	0.6	0.68	0.74	0.97	0.82	0.21	-0.58	0.97	0.85	0.73	0.64	0.27	0.85
Retained Earnings	0.86	0.77	0.34	0.62	0.95	0.84	-0.22	0.74		0.88	0.58	0.84	0.64	0.58	0.75	0.79	0.77	0.95	0.54	-0.47	0.76	0.86	0.78	0.43	0.3	0.77
Accounts Payable	0.95	0.91	0.51	0.84	0.94	0.94	-0.19	0.89	0.88		0.65	0.95	0.59	0.65	0.74	0.81	0.91	0.96	0.34	-0.46	0.92	0.9	0.8	0.66	0.39	0.85
Cash	0.75	0.7	0.71	0.7	0.67	0.71	-0.1	0.6	0.58	0.65		0.72	0.54	1.0	0.62	0.73	0.73	0.55	0.19	-0.28	0.75	0.7	0.89	0.49	0.46	0.75
Non Current Assets Total	1.0	0.98	0.63	0.85	0.95	1.0	-0.24	0.97	0.84	0.95	0.72		0.57	0.72	0.73	0.84	0.98	0.9	0.33	-0.54	0.98	0.91	0.84	0.64	0.34	0.91
Non Currrent Assets Other	0.59	0.5	0.63	0.45	0.56	0.53	-0.48	0.45	0.64	0.59	0.54	0.57		0.54	0.39	0.41	0.6	0.66	0.21	-0.39	0.59	0.74	0.55	0.2	0.57	0.4
Cash And Short Term Investments	0.75	0.7	0.71	0.7	0.67	0.71	-0.1	0.6	0.58	0.65	1.0	0.72	0.54		0.62	0.73	0.73	0.55	0.19	-0.28	0.75	0.7	0.89	0.49	0.46	0.75
Net Receivables	0.74	0.7	0.5	0.52	0.74	0.72	-0.12	0.68	0.75	0.74	0.62	0.73	0.39	0.62		0.79	0.69	0.69	0.33	-0.45	0.68	0.62	0.86	0.26	0.38	0.74
Common Stock Shares Outstanding	0.84	0.77	0.52	0.73	0.88	0.85	0.09	0.74	0.79	0.81	0.73	0.84	0.41	0.73	0.79		0.75	0.79	0.57	-0.32	0.77	0.67	0.92	0.52	0.43	0.95
Non Current Liabilities Total	0.98	0.99	0.69	0.81	0.87	0.97	-0.31	0.97	0.77	0.91	0.73	0.98	0.6	0.73	0.69	0.75		0.84	0.19	-0.53	1.0	0.92	0.8	0.59	0.36	0.84
Inventory	0.91	0.83	0.42	0.74	0.95	0.89	-0.2	0.82	0.95	0.96	0.55	0.9	0.66	0.55	0.69	0.79	0.84		0.41	-0.4	0.85	0.9	0.75	0.55	0.39	0.79
Other Current Assets	0.34	0.21	-0.06	0.18	0.52	0.35	-0.04	0.21	0.54	0.34	0.19	0.33	0.21	0.19	0.33	0.57	0.19	0.41		-0.43	0.19	0.18	0.42	0.16	0.03	0.47
Other Stockholder Equity	-0.53	-0.56	-0.38	-0.4	-0.48	-0.53	0.8	-0.58	-0.47	-0.46	-0.28	-0.54	-0.39	-0.28	-0.45	-0.32	-0.53	-0.4	-0.43		-0.53	-0.44	-0.41	-0.35	0.02	-0.46
Total Liab	0.98	0.99	0.7	0.86	0.88	0.98	-0.29	0.97	0.76	0.92	0.75	0.98	0.59	0.75	0.68	0.77	1.0	0.85	0.19	-0.53		0.91	0.81	0.65	0.37	0.86
Property Plant And Equipment Gross	0.92	0.88	0.55	0.72	0.89	0.9	-0.33	0.85	0.86	0.9	0.7	0.91	0.74	0.7	0.62	0.67	0.92	0.9	0.18	-0.44	0.91		0.75	0.5	0.32	0.76
Total Current Assets	0.85	0.79	0.64	0.71	0.83	0.83	-0.11	0.73	0.78	0.8	0.89	0.84	0.55	0.89	0.86	0.92	0.8	0.75	0.42	-0.41	0.81	0.75		0.48	0.49	0.9
Short Term Debt	0.64	0.65	0.38	0.91	0.57	0.64	-0.19	0.64	0.43	0.66	0.49	0.64	0.2	0.49	0.26	0.52	0.59	0.55	0.16	-0.35	0.65	0.5	0.48		0.17	0.61
Other Assets	0.36	0.32	0.62	0.4	0.29	0.32	-0.06	0.27	0.3	0.39	0.46	0.34	0.57	0.46	0.38	0.43	0.36	0.39	0.03	0.02	0.37	0.32	0.49	0.17		0.29
Common Stock Total Equity	0.91	0.87	0.55	0.79	0.9	0.92	-0.07	0.85	0.77	0.85	0.75	0.91	0.4	0.75	0.74	0.95	0.84	0.79	0.47	-0.46	0.86	0.76	0.9	0.61	0.29

Click cells to compare fundamentals

First Quantum Account Relationship Matchups

First Quantum fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	24.7B	24.2B	25.3B	25.1B	23.8B	24.9B
Short Long Term Debt Total	8.8B	8.4B	7.9B	7.4B	7.6B	8.0B
Other Current Liab	333M	766M	646M	392M	182M	172.1M
Total Current Liabilities	2.5B	2.4B	1.7B	1.7B	2.0B	2.1B
Total Stockholder Equity	9.5B	8.9B	10.0B	10.9B	10.2B	10.8B
Property Plant And Equipment Net	20.0B	19.5B	19.3B	19.1B	18.6B	19.5B
Net Debt	7.7B	7.4B	6.1B	5.7B	6.4B	6.7B
Retained Earnings	3.9B	3.7B	4.5B	5.5B	4.9B	5.1B
Accounts Payable	737M	762M	719M	771M	831M	872.6M
Cash	1.1B	950M	1.9B	1.7B	1.2B	660.9M
Non Current Assets Total	21.6B	21.1B	21.3B	20.9B	20.3B	21.3B
Non Currrent Assets Other	401M	727M	1.0B	795M	784M	823.2M
Cash And Short Term Investments	1.1B	950M	1.9B	1.7B	1.2B	660.9M
Net Receivables	512M	737M	622M	890M	586M	365.6M
Common Stock Shares Outstanding	689.4M	687.6M	688.5M	691.7M	690.9M	481.4M
Liabilities And Stockholders Equity	24.7B	24.2B	25.3B	25.1B	23.8B	24.9B
Non Current Liabilities Total	11.6B	11.8B	12.1B	11.1B	11.0B	11.5B
Inventory	1.4B	1.3B	1.3B	1.5B	1.6B	1.7B
Other Current Assets	135M	88M	138M	133M	123M	99.1M
Other Stockholder Equity	(72M)	(468M)	(146M)	(220M)	(56M)	(53.2M)
Total Liab	14.1B	14.2B	13.8B	12.8B	13.0B	13.6B
Property Plant And Equipment Gross	20.0B	19.5B	27.9B	28.8B	29.2B	30.6B
Total Current Assets	3.2B	3.1B	3.9B	4.2B	3.5B	1.8B
Accumulated Other Comprehensive Income	(45M)	(455M)	(72M)	(59M)	(53.1M)	(55.8M)
Short Term Debt	1.5B	907M	313M	575M	967M	1.0B
Other Assets	797M	879M	1.2B	439M	504.9M	442.7M
Common Stock Total Equity	5.6B	5.6B	5.6B	5.6B	6.5B	3.7B
Common Stock	5.6B	5.6B	5.6B	5.5B	5.4B	4.1B
Other Liab	2.9B	3.0B	3.2B	3.0B	3.5B	2.7B
Net Tangible Assets	9.2B	8.6B	9.8B	10.7B	12.3B	10.0B
Long Term Debt	7.4B	7.5B	7.6B	6.8B	6.6B	6.7B
Long Term Investments	589M	544M	619M	663M	645M	593.8M
Short Long Term Debt	1.5B	907M	313M	575M	967M	833.3M
Property Plant Equipment	20.0B	19.5B	19.3B	19.1B	21.9B	19.0B
Long Term Debt Total	7.4B	7.5B	7.6B	6.8B	7.8B	7.1B
Capital Surpluse	75M	87M	101M	(930M)	(837M)	(795.2M)
Treasury Stock	(140M)	(125M)	(114M)	(190M)	(218.5M)	(229.4M)
Cash And Equivalents	1.1B	950M	1.9B	1.7B	1.9B	1.5B
Net Invested Capital	18.3B	17.2B	17.9B	18.3B	17.8B	19.3B

Pair Trading with First Quantum

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 First Quantum 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 First Quantum will appreciate offsetting losses from the drop in the long position's value.

Moving together with First Stock

0.7	AG	First Majestic Silver	Pair Corr
0.72	IE	Ivanhoe Energy	Pair Corr
0.76	FDY	Faraday Copper Corp	Pair Corr

Moving against First Stock

0.34

INFM

Infinico Metals Corp

Pair Corr

The ability to find closely correlated positions to First Quantum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Quantum 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 First Quantum - 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 First Quantum Minerals to buy it.

The correlation of First Quantum 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 First Quantum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Quantum Minerals 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 First Quantum 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 First Stock

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

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First Free Cash Flow Yield vs Days Sales Outstanding Analysis

Free Cash Flow Yield vs Days Sales Outstanding

Free Cash Flow Yield vs Days Sales Outstanding Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Days Sales Outstanding

First Quantum fundamental ratios Correlations

First Quantum Account Relationship Matchups

High Positive Relationship

High Negative Relationship

First Quantum fundamental ratios Accounts

Pair Trading with First Quantum

Moving together with First Stock

Moving against First Stock

Other Information on Investing in First Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total
Net Debt	+ 0.99	Short Long Term Debt Total

Other Stockholder Equity	- 0.58	Net Debt
Other Stockholder Equity	- 0.56	Short Long Term Debt Total
Other Stockholder Equity	- 0.54	Non Current Assets Total
Total Liab	- 0.53	Other Stockholder Equity
Other Stockholder Equity	- 0.53	Non Current Liabilities Total
Other Stockholder Equity	- 0.53	Property Plant And Equipment Net