Fortuna Net Debt vs Asset Turnover Analysis

FVI Stock

CAD 6.75 0.01 0.15%

Fortuna Silver financial indicator trend analysis is much more than just examining Fortuna Silver Mines latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fortuna Silver Mines is a good investment. Please check the relationship between Fortuna Silver Net Debt and its Asset Turnover accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortuna Silver Mines. 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.

Net Debt vs Asset Turnover

Net Debt vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortuna Silver Mines Net Debt account and Asset Turnover. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Fortuna Silver's Net Debt and Asset Turnover is -0.43. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Fortuna Silver Mines, assuming nothing else is changed. The correlation between historical values of Fortuna Silver's Net Debt and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Fortuna Silver Mines are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Net Debt i.e., Fortuna Silver's Net Debt and Asset Turnover go up and down completely randomly.

Correlation Coefficient

-0.43

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Most indicators from Fortuna Silver's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortuna Silver Mines 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 Fortuna Silver Mines. 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, Fortuna Silver's Selling General Administrative is very stable compared to the past year. As of the 30th of November 2024, Enterprise Value Over EBITDA is likely to grow to 5.80, while Tax Provision is likely to drop about 31.5 M.

	2021	2022	2023	2024 (projected)
Gross Profit	205.5M	146.8M	190.0M	199.5M
Total Revenue	599.9M	681.5M	842.4M	884.5M

Gross Profit Total Revenue

Fortuna Silver fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Other Current Assets	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Non Current Assets Total	Other Assets	Property Plant And Equipment Gross	Short Term Debt	Inventory
Total Assets		0.91	0.95	1.0	0.82	0.57	0.95	0.61	0.25	0.24	0.89	0.95	0.99	-0.26	0.99	0.89	0.99	0.95	0.95	1.0	0.96	1.0	0.09	0.97	0.63	0.95
Other Current Liab	0.91		0.88	0.91	0.71	0.69	0.78	0.71	0.42	0.47	0.94	0.85	0.88	-0.23	0.89	0.87	0.88	0.82	0.9	0.89	0.89	0.89	0.39	0.82	0.55	0.76
Total Current Liabilities	0.95	0.88		0.93	0.79	0.38	0.97	0.62	0.22	0.13	0.87	0.91	0.94	-0.26	0.97	0.88	0.95	0.93	0.93	0.94	0.96	0.94	0.01	0.96	0.8	0.95
Total Stockholder Equity	1.0	0.91	0.93		0.78	0.61	0.93	0.64	0.3	0.3	0.91	0.95	0.98	-0.25	0.98	0.9	0.99	0.94	0.93	0.99	0.96	0.99	0.12	0.96	0.59	0.93
Net Debt	0.82	0.71	0.79	0.78		0.34	0.81	0.16	-0.22	-0.1	0.62	0.73	0.88	-0.22	0.86	0.53	0.8	0.85	0.9	0.84	0.76	0.84	0.13	0.85	0.59	0.81
Retained Earnings	0.57	0.69	0.38	0.61	0.34		0.33	0.56	0.51	0.66	0.67	0.47	0.53	-0.13	0.49	0.57	0.49	0.52	0.52	0.55	0.48	0.55	0.64	0.37	-0.05	0.29
Accounts Payable	0.95	0.78	0.97	0.93	0.81	0.33		0.51	0.1	0.0	0.78	0.91	0.95	-0.25	0.97	0.82	0.97	0.94	0.9	0.96	0.93	0.96	-0.12	0.99	0.75	0.99
Cash	0.61	0.71	0.62	0.64	0.16	0.56	0.51		0.82	0.59	0.83	0.65	0.54	-0.24	0.57	0.88	0.6	0.55	0.57	0.56	0.7	0.56	0.11	0.5	0.35	0.49
Cash And Short Term Investments	0.25	0.42	0.22	0.3	-0.22	0.51	0.1	0.82		0.69	0.57	0.33	0.16	-0.16	0.18	0.62	0.24	0.14	0.18	0.19	0.34	0.19	0.28	0.11	0.0	0.08
Net Receivables	0.24	0.47	0.13	0.3	-0.1	0.66	0.0	0.59	0.69		0.54	0.32	0.15	0.06	0.15	0.44	0.21	0.11	0.18	0.19	0.26	0.2	0.49	0.07	-0.11	0.01
Common Stock Total Equity	0.89	0.94	0.87	0.91	0.62	0.67	0.78	0.83	0.57	0.54		0.91	0.86	-0.23	0.87	0.96	0.87	0.84	0.88	0.86	0.93	0.87	0.26	0.81	0.54	0.77
Common Stock Shares Outstanding	0.95	0.85	0.91	0.95	0.73	0.47	0.91	0.65	0.33	0.32	0.91		0.93	-0.18	0.94	0.91	0.96	0.89	0.9	0.94	0.94	0.94	0.02	0.93	0.66	0.92
Non Current Liabilities Total	0.99	0.88	0.94	0.98	0.88	0.53	0.95	0.54	0.16	0.15	0.86	0.93		-0.29	0.99	0.84	0.98	0.96	0.97	0.99	0.95	0.99	0.07	0.98	0.63	0.95
Other Stockholder Equity	-0.26	-0.23	-0.26	-0.25	-0.22	-0.13	-0.25	-0.24	-0.16	0.06	-0.23	-0.18	-0.29		-0.28	-0.27	-0.25	-0.26	-0.3	-0.25	-0.34	-0.25	-0.02	-0.26	-0.25	-0.24
Total Liab	0.99	0.89	0.97	0.98	0.86	0.49	0.97	0.57	0.18	0.15	0.87	0.94	0.99	-0.28		0.86	0.98	0.97	0.97	0.99	0.97	0.99	0.05	0.98	0.69	0.96
Total Current Assets	0.89	0.87	0.88	0.9	0.53	0.57	0.82	0.88	0.62	0.44	0.96	0.91	0.84	-0.27	0.86		0.89	0.83	0.83	0.85	0.93	0.85	0.09	0.83	0.6	0.82
Common Stock	0.99	0.88	0.95	0.99	0.8	0.49	0.97	0.6	0.24	0.21	0.87	0.96	0.98	-0.25	0.98	0.89		0.94	0.93	0.99	0.97	0.99	0.02	0.98	0.65	0.97
Other Current Assets	0.95	0.82	0.93	0.94	0.85	0.52	0.94	0.55	0.14	0.11	0.84	0.89	0.96	-0.26	0.97	0.83	0.94		0.95	0.96	0.94	0.95	0.01	0.94	0.67	0.94
Short Long Term Debt Total	0.95	0.9	0.93	0.93	0.9	0.52	0.9	0.57	0.18	0.18	0.88	0.9	0.97	-0.3	0.97	0.83	0.93	0.95		0.94	0.94	0.95	0.14	0.93	0.69	0.89
Property Plant And Equipment Net	1.0	0.89	0.94	0.99	0.84	0.55	0.96	0.56	0.19	0.19	0.86	0.94	0.99	-0.25	0.99	0.85	0.99	0.96	0.94		0.95	1.0	0.07	0.98	0.62	0.95
Current Deferred Revenue	0.96	0.89	0.96	0.96	0.76	0.48	0.93	0.7	0.34	0.26	0.93	0.94	0.95	-0.34	0.97	0.93	0.97	0.94	0.94	0.95		0.95	-0.01	0.95	0.68	0.93
Non Current Assets Total	1.0	0.89	0.94	0.99	0.84	0.55	0.96	0.56	0.19	0.2	0.87	0.94	0.99	-0.25	0.99	0.85	0.99	0.95	0.95	1.0	0.95		0.09	0.98	0.62	0.95
Other Assets	0.09	0.39	0.01	0.12	0.13	0.64	-0.12	0.11	0.28	0.49	0.26	0.02	0.07	-0.02	0.05	0.09	0.02	0.01	0.14	0.07	-0.01	0.09		-0.06	-0.2	-0.16
Property Plant And Equipment Gross	0.97	0.82	0.96	0.96	0.85	0.37	0.99	0.5	0.11	0.07	0.81	0.93	0.98	-0.26	0.98	0.83	0.98	0.94	0.93	0.98	0.95	0.98	-0.06		0.72	0.99
Short Term Debt	0.63	0.55	0.8	0.59	0.59	-0.05	0.75	0.35	0.0	-0.11	0.54	0.66	0.63	-0.25	0.69	0.6	0.65	0.67	0.69	0.62	0.68	0.62	-0.2	0.72		0.76
Inventory	0.95	0.76	0.95	0.93	0.81	0.29	0.99	0.49	0.08	0.01	0.77	0.92	0.95	-0.24	0.96	0.82	0.97	0.94	0.89	0.95	0.93	0.95	-0.16	0.99	0.76

Click cells to compare fundamentals

Fortuna Silver Account Relationship Matchups

Fortuna Silver fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	936.1M	1.1B	2.0B	1.9B	2.0B	2.1B
Other Current Liab	51.5M	32.5M	53.2M	41.5M	52.8M	55.4M
Total Current Liabilities	89.8M	96.4M	166.8M	135.1M	243.8M	256.0M
Total Stockholder Equity	635.4M	725.8M	1.4B	1.2B	1.2B	1.3B
Net Debt	87.0M	46.2M	79.8M	160.0M	136.1M	142.9M
Retained Earnings	187.2M	208.7M	266.6M	138.5M	87.6M	65.3M
Accounts Payable	16.0M	31.6M	82.5M	72.6M	100.4M	105.4M
Cash	83.4M	131.9M	107.1M	80.5M	128.1M	134.6M
Cash And Short Term Investments	83.4M	133.0M	107.5M	80.6M	128.1M	73.4M
Net Receivables	33.6M	26.3M	25.7M	24.0M	20.0M	16.2M
Common Stock Total Equity	418.2M	420.5M	422.1M	492.3M	566.2M	594.5M
Common Stock Shares Outstanding	164.5M	186.1M	249.4M	291.3M	295.1M	309.8M
Liabilities And Stockholders Equity	936.1M	1.1B	2.0B	1.9B	2.0B	2.1B
Non Current Liabilities Total	210.9M	233.1M	425.6M	452.4M	436.0M	457.8M
Other Stockholder Equity	26.1M	24.7M	28.8M	2.1M	1.0	0.95
Total Liab	300.6M	329.6M	592.4M	587.5M	679.7M	713.7M
Total Current Assets	152.1M	248.1M	281.1M	252.7M	333.3M	350.0M
Common Stock	422.1M	492.3M	1.1B	1.1B	1.1B	1.2B
Other Current Assets	20.6M	53.5M	62.0M	56.2M	69.4M	72.9M
Short Long Term Debt Total	170.4M	178.1M	186.9M	240.5M	264.2M	277.5M
Property Plant And Equipment Net	732.0M	791.1M	1.7B	1.6B	1.6B	1.7B
Current Deferred Revenue	39.1M	58.6M	70.6M	84.5M	97.1M	102.0M
Non Current Assets Total	783.9M	807.3M	1.7B	1.6B	1.6B	1.7B
Other Assets	52.9M	16.1M	28.5M	1K	1.2K	1.1K
Property Plant And Equipment Gross	732.0M	791.1M	2.2B	2.4B	2.8B	2.9B
Short Term Debt	9.7M	8.1M	10.5M	9.4M	58.8M	61.8M
Inventory	14.5M	35.3M	85.8M	92.0M	115.8M	121.6M
Accumulated Other Comprehensive Income	26.1M	24.7M	28.8M	29.9M	25.3M	16.8M
Non Currrent Assets Other	50.6M	16.1M	28.5M	55.9M	60.3M	63.3M
Short Term Investments	0.0	1.1M	416K	78K	70.2K	66.7K
Other Liab	49.3M	62.0M	249.2M	221.3M	254.5M	267.3M
Net Tangible Assets	635.4M	725.8M	1.4B	1.2B	1.4B	1.5B
Short Long Term Debt	40.8M	224K	894K	43.9M	50.5M	53.0M
Property Plant Equipment	729.2M	791.1M	1.7B	1.6B	1.8B	1.9B
Long Term Debt	146.5M	158.6M	157.5M	219.2M	162.9M	126.3M
Long Term Debt Total	161.6M	171.1M	176.4M	231.1M	265.8M	279.1M
Capital Lease Obligations	23.9M	19.5M	29.4M	21.3M	57.4M	60.3M
Non Current Liabilities Other	253K	259K	3.3M	2.6M	10.0M	10.5M

Pair Trading with Fortuna Silver

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 Fortuna Silver 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 Fortuna Silver will appreciate offsetting losses from the drop in the long position's value.

Moving together with Fortuna Stock

0.88	AG	First Majestic Silver	Pair Corr
0.66	IE	Ivanhoe Energy	Pair Corr

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

The correlation of Fortuna Silver 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 Fortuna Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fortuna Silver Mines 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 Fortuna Silver 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

When determining whether Fortuna Silver Mines is a strong investment it is important to analyze Fortuna Silver's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Fortuna Silver's future performance. For an informed investment choice regarding Fortuna Stock, refer to the following important reports:

How To Invest In Fortuna

Details

Is Fortuna Stock a good investment?

Details

What is Fortuna Silver's Net Worth?

Details

Largest Metals & Mining Companies

View

Largest Materials Companies

View

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortuna Silver Mines. 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.

You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Please note, there is a significant difference between Fortuna Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortuna Silver is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortuna Silver's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Fortuna Net Debt vs Asset Turnover Analysis

Net Debt vs Asset Turnover

Net Debt vs Asset Turnover Correlation Analysis

Correlation Coefficient

Net Debt

Asset Turnover

Fortuna Silver fundamental ratios Correlations

Fortuna Silver Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Fortuna Silver fundamental ratios Accounts

Pair Trading with Fortuna Silver

Moving together with Fortuna Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
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
Non Current Liabilities Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets

Current Deferred Revenue	- 0.34	Other Stockholder Equity
Short Long Term Debt Total	- 0.3	Other Stockholder Equity
Other Stockholder Equity	- 0.29	Non Current Liabilities Total
Total Liab	- 0.28	Other Stockholder Equity
Total Current Assets	- 0.27	Other Stockholder Equity
Property Plant And Equipment Gross	- 0.26	Other Stockholder Equity