GoldMining Historical Financial Ratios
| GOLD Stock | CAD 1.22 0.03 2.40% |
GoldMining is recently reporting on over 94 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 3.16 or Days Sales Outstanding of 0.0 will help investors to properly organize and evaluate GoldMining financial condition quickly.
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About GoldMining Financial Ratios Analysis
GoldMiningFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate GoldMining 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 GoldMining financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across GoldMining history.
GoldMining Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing GoldMining stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on GoldMining sales, a figure that is much harder to manipulate than other GoldMining 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.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.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.Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Most ratios from GoldMining's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into GoldMining 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoldMining. 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. To learn how to invest in GoldMining Stock, please use our How to Invest in GoldMining guide.At this time, GoldMining's Net Debt To EBITDA is very stable compared to the past year. As of the 25th of November 2024, Debt To Equity is likely to grow to 0.06, while Book Value Per Share is likely to drop 0.42.
| 2021 | 2022 | 2023 | 2024 (projected) | PB Ratio | 2.12 | 1.6 | 1.84 | 3.16 | Capex To Depreciation | 0.69 | 3.32 | 3.82 | 7.1 |
GoldMining fundamentals Correlations
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GoldMining Account Relationship Matchups
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GoldMining fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Ptb Ratio | 6.18 | 1.41 | 2.12 | 1.6 | 1.84 | 3.16 | |
| Book Value Per Share | 0.48 | 0.45 | 1.18 | 0.88 | 0.78 | 0.7 | |
| Free Cash Flow Yield | (0.0215) | (0.0321) | (0.0388) | (0.11) | (0.1) | (0.0969) | |
| Operating Cash Flow Per Share | (0.0335) | (0.052) | (0.053) | (0.0713) | (0.13) | (0.15) | |
| Capex To Depreciation | 3.47 | 0.3 | 0.69 | 3.32 | 3.82 | 7.1 | |
| Pb Ratio | 6.18 | 1.41 | 2.12 | 1.6 | 1.84 | 3.16 | |
| Free Cash Flow Per Share | (0.0585) | (0.0534) | (0.0723) | (0.14) | (0.16) | (0.15) | |
| Net Income Per Share | (0.0446) | (0.0759) | 0.67 | (0.0857) | (0.17) | (0.15) | |
| Payables Turnover | 0.52 | 0.3 | 0.19 | 33.86 | 30.47 | 31.99 | |
| Cash Per Share | 0.0636 | 0.0784 | 0.0542 | 0.21 | 0.24 | 0.26 | |
| Pocfratio | (52.36) | (31.33) | (26.08) | (9.09) | (10.45) | (10.97) | |
| Capex To Operating Cash Flow | (0.13) | (0.007112) | (0.0132) | (0.0295) | (0.0266) | (0.0279) | |
| Pfcf Ratio | (46.5) | (31.11) | (25.74) | (8.83) | (10.15) | (10.66) | |
| Days Payables Outstanding | 1.2K | 2.0K | 3.0K | 10.78 | 12.4 | 11.78 | |
| Income Quality | 0.74 | 0.68 | (0.079) | 0.83 | 0.91 | 0.81 | |
| Ev To Operating Cash Flow | (51.21) | (31.46) | (26.15) | (8.15) | (9.38) | (9.84) | |
| Pe Ratio | (35.84) | 2.47 | (21.71) | (7.18) | (6.46) | (6.78) | |
| Return On Tangible Assets | (0.0903) | (0.09) | (0.16) | 0.5 | (0.0896) | (0.2) | |
| Ev To Free Cash Flow | (45.48) | (31.23) | (25.81) | (7.92) | (9.11) | (9.56) | |
| Earnings Yield | (0.0588) | (0.0395) | (0.0279) | 0.4 | (0.0461) | (0.13) | |
| Net Debt To E B I T D A | 0.81 | (0.0883) | (0.0607) | 0.91 | 1.05 | 1.69 | |
| Current Ratio | 3.31 | 0.9 | 0.84 | 10.12 | 11.64 | 8.94 | |
| Tangible Book Value Per Share | 0.48 | 0.45 | 1.18 | 0.88 | 0.78 | 0.7 | |
| Graham Number | 0.87 | 4.22 | 1.3 | 1.71 | 1.54 | 0.91 | |
| Shareholders Equity Per Share | 0.48 | 0.44 | 1.18 | 0.88 | 0.76 | 0.69 | |
| Capex Per Share | 0.006539 | 3.77E-4 | 9.41E-4 | 0.003966 | 0.004561 | 0.006207 | |
| Graham Net Net | 0.0287 | 0.038 | (0.0853) | (0.0234) | 0.22 | 0.23 | |
| Enterprise Value Over E B I T D A | (36.0) | (22.25) | (23.22) | (7.98) | (9.18) | (9.64) | |
| Price Earnings Ratio | (35.84) | 2.47 | (21.71) | (7.18) | (6.46) | (6.78) | |
| Price Book Value Ratio | 6.18 | 1.41 | 2.12 | 1.6 | 1.84 | 3.16 |
Pair Trading with GoldMining
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 GoldMining 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 GoldMining will appreciate offsetting losses from the drop in the long position's value.Moving against GoldMining Stock
The ability to find closely correlated positions to GoldMining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GoldMining 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 GoldMining - 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 GoldMining to buy it.
The correlation of GoldMining 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 GoldMining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GoldMining 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 GoldMining 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.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoldMining. 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. To learn how to invest in GoldMining Stock, please use our How to Invest in GoldMining guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.