Granite Historical Financial Ratios
| GRNT Stock | USD 6.45 0.10 1.53% |
Granite Ridge is recently reporting on over 92 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 1.13 or Days Sales Outstanding of 38.46 will help investors to properly organize and evaluate Granite Ridge Resources financial condition quickly.
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About Granite Financial Ratios Analysis
Granite Ridge ResourcesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Granite Ridge 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 Granite financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Granite Ridge history.
Granite Ridge Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Granite Ridge Resources stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Granite Ridge sales, a figure that is much harder to manipulate than other Granite Ridge Resources 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.Dividend Yield
Dividend Yield is Granite Ridge Resources dividend as a percentage of Granite Ridge stock price. Granite Ridge Resources dividend yield is a measure of Granite Ridge stock productivity, which can be interpreted as interest rate earned on an Granite Ridge investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.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.Average Inventory
The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.Ev To Operating Cash Flow
A valuation metric comparing the company's enterprise value to its operating cash flow, indicating how many dollars of EV are generated for each dollar of operating cash flows.Most ratios from Granite Ridge's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Granite Ridge Resources 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 Granite Ridge Resources. 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, Granite Ridge's ROE is comparatively stable compared to the past year. Return On Tangible Assets is likely to gain to 0.09 in 2024, whereas Days Sales Outstanding is likely to drop 38.46 in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0169 | 0.008884 | 0.0731 | 0.0768 | Price To Sales Ratio | 4.77 | 2.55 | 2.03 | 1.93 |
Granite Ridge fundamentals Correlations
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Granite Ridge Account Relationship Matchups
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Additional Tools for Granite Stock Analysis
When running Granite Ridge's price analysis, check to measure Granite Ridge's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Granite Ridge is operating at the current time. Most of Granite Ridge's value examination focuses on studying past and present price action to predict the probability of Granite Ridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Granite Ridge's price. Additionally, you may evaluate how the addition of Granite Ridge to your portfolios can decrease your overall portfolio volatility.