New Historical Financial Ratios
| NGD Stock | USD 2.75 0.01 0.36% |
New Gold is lately reporting on over 111 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 Days Sales Outstanding of 4.5 will help investors to properly organize and evaluate New Gold financial condition quickly.
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About New Financial Ratios Analysis
New GoldFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate New Gold 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 New financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across New Gold history.
New Gold Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing New Gold stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on New Gold sales, a figure that is much harder to manipulate than other New Gold 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.Most ratios from New Gold's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into New Gold 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. For information on how to trade New Stock refer to our How to Trade New Stock guide.At present, New Gold's Operating Cash Flow Per Share is projected to increase slightly based on the last few years of reporting. The current year's Average Payables is expected to grow to about 59.5 M, whereas PTB Ratio is forecasted to decline to 1.21.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 14.74 | 2.66 | 4.73 | 4.5 | PTB Ratio | 1.07 | 0.7 | 1.27 | 1.21 |
New Gold fundamentals Correlations
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New Gold fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 0.85 | 2.3 | 1.37 | 1.11 | 1.27 | 1.21 | |
| Days Sales Outstanding | 16.21 | 46.01 | 14.74 | 2.66 | 4.73 | 4.5 | |
| Book Value Per Share | 1.57 | 1.17 | 1.4 | 1.41 | 1.15 | 1.1 | |
| Free Cash Flow Yield | 0.019 | 0.007157 | 0.0748 | (0.15) | 0.0217 | 0.0228 | |
| Operating Cash Flow Per Share | 0.61 | 0.42 | 0.43 | 0.44 | 0.48 | 0.28 | |
| Stock Based Compensation To Revenue | 0.004282 | 0.00373 | 0.002012 | 0.001655 | 0.0108 | 0.009936 | |
| Capex To Depreciation | 1.01 | 0.96 | 1.86 | 1.5 | 1.72 | 1.63 | |
| Ev To Sales | 1.89 | 2.8 | 1.4 | 1.43 | 1.54 | 1.46 | |
| Free Cash Flow Per Share | 0.0167 | 0.0157 | 0.11 | (0.15) | 0.0317 | 0.0333 | |
| Roic | (0.009388) | 0.0668 | 0.0832 | (0.0139) | 0.057 | 0.0599 | |
| Inventory Turnover | 5.57 | 5.71 | 5.67 | 4.55 | 5.4 | 5.13 | |
| Days Of Inventory On Hand | 65.55 | 63.89 | 64.34 | 80.24 | 67.55 | 98.43 | |
| Payables Turnover | 15.43 | 12.81 | 11.02 | 8.52 | 10.68 | 9.74 | |
| Sales General And Administrative To Revenue | 0.0395 | 0.0306 | 0.0361 | 0.0322 | 0.038 | 0.0455 | |
| Capex To Revenue | 0.35 | 0.4 | 0.44 | 0.33 | 0.48 | 0.34 | |
| Cash Per Share | 0.14 | 0.34 | 0.79 | 0.35 | 0.28 | 0.27 | |
| Pocfratio | 2.04 | 5.02 | 3.15 | 3.5 | 3.47 | 3.3 | |
| Interest Coverage | (0.31) | 1.65 | 4.85 | (1.03) | 8.83 | 9.27 | |
| Pfcf Ratio | 52.72 | 139.73 | 13.37 | (6.54) | 46.02 | 48.32 | |
| Days Payables Outstanding | 23.66 | 28.49 | 33.12 | 42.86 | 34.18 | 32.47 | |
| Income Quality | (3.59) | (3.72) | 2.3 | (2.85) | (4.38) | (4.16) | |
| Roe | (0.0765) | (0.1) | 0.15 | (0.0696) | (0.0821) | (0.0863) | |
| Ev To Operating Cash Flow | 4.54 | 4.53 | 6.12 | 3.22 | 4.21 | 4.0 | |
| Pe Ratio | (7.32) | (18.68) | 7.26 | (10.0) | (15.48) | (16.26) | |
| Return On Tangible Assets | (0.0341) | (0.0352) | 0.0568 | (0.0298) | (0.0282) | (0.0296) | |
| Ev To Free Cash Flow | 116.94 | 170.14 | 13.63 | (8.45) | 55.84 | 58.63 | |
| Earnings Yield | (0.14) | (0.0535) | 0.14 | (0.1) | (0.0646) | (0.0678) | |
| Net Debt To E B I T D A | 2.78 | 1.74 | 0.0626 | 1.32 | 1.11 | 1.05 | |
| Current Ratio | 1.33 | 2.64 | 3.97 | 2.21 | 1.54 | 1.46 | |
| Tangible Book Value Per Share | 1.57 | 1.17 | 1.4 | 1.41 | 1.15 | 1.1 | |
| Receivables Turnover | 22.52 | 7.93 | 24.77 | 137.36 | 77.11 | 80.96 | |
| Graham Number | 2.06 | 1.75 | 2.55 | 1.76 | 1.56 | 1.48 |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether New Gold is a strong investment it is important to analyze New Gold'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 New Gold's future performance. For an informed investment choice regarding New Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. For information on how to trade New Stock refer to our How to Trade New Stock guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of New Gold. If investors know New will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about New Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.02 | Revenue Per Share 1.187 | Quarterly Revenue Growth 0.252 | Return On Assets 0.0297 | Return On Equity 0.0214 |
The market value of New Gold is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New Gold's value that differs from its market value or its book value, called intrinsic value, which is New Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because New Gold's market value can be influenced by many factors that don't directly affect New Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between New Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if New Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Gold'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.