Novo Historical Financial Ratios
| NVO Stock | CAD 0.07 0.01 7.14% |
Novo Resources is lately 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 Days Sales Outstanding of 16.6 will help investors to properly organize and evaluate Novo Resources Corp financial condition quickly.
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About Novo Financial Ratios Analysis
Novo Resources CorpFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Novo Resources 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 Novo financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Novo Resources history.
Novo Resources Financial Ratios Chart
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Dividend Yield
Dividend Yield is Novo Resources Corp dividend as a percentage of Novo Resources stock price. Novo Resources Corp dividend yield is a measure of Novo Resources stock productivity, which can be interpreted as interest rate earned on an Novo Resources 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 Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Stock Based Compensation To Revenue
A metric that compares the total value of stock-based compensation granted by a company to its total revenue, indicating how much of the revenue is used to compensate employees with stock options or awards.Payout Ratio
Payout Ratio is the proportion of Novo Resources Corp earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Novo Resources Corp dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Novo Resources Corp is paying out more in dividends than it makes in net income.Most ratios from Novo Resources' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Novo Resources Corp 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 Novo Resources Corp. 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, Novo Resources' Graham Number is very stable compared to the past year. As of the 4th of December 2024, Average Receivables is likely to grow to about 718.1 K, while Book Value Per Share is likely to drop 0.10.
| 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 10.26 | 11.8 | 16.6 | PTB Ratio | 0.38 | 1.37 | 2.29 |
Novo Resources fundamentals Correlations
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Novo Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Novo Resources fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Ptb Ratio | 4.11 | 1.94 | 1.09 | 0.38 | 1.37 | 2.29 | |
| Book Value Per Share | 0.85 | 1.23 | 1.31 | 0.76 | 0.11 | 0.1 | |
| Free Cash Flow Yield | (0.0797) | (0.0443) | (0.0586) | (0.73) | (0.42) | (0.4) | |
| Operating Cash Flow Per Share | (0.0442) | (0.054) | (0.082) | (0.19) | (0.061) | (0.0641) | |
| Capex To Depreciation | 28.2 | 8.22 | 1.0 | 0.21 | 0.3 | 0.29 | |
| Pb Ratio | 4.11 | 1.94 | 1.09 | 0.38 | 1.37 | 2.29 | |
| Roic | (0.0599) | (0.1) | 0.0208 | (0.64) | (0.53) | (0.5) | |
| Pocfratio | (78.77) | (44.1) | (17.45) | (1.53) | (2.46) | (2.58) | |
| Interest Coverage | (23.38) | (12.67) | (6.58) | (10.77) | (120.69) | (114.65) | |
| Capex To Operating Cash Flow | (2.49) | (1.59) | (0.95) | (0.12) | (0.0357) | (0.0375) | |
| Pfcf Ratio | (22.57) | (17.05) | (8.95) | (1.37) | (2.37) | (2.49) | |
| Income Quality | 0.65 | 0.39 | 27.92 | 0.43 | 0.97 | 1.02 | |
| Ev To Operating Cash Flow | (75.67) | (47.33) | (19.9) | (0.64) | (2.25) | (2.36) | |
| Pe Ratio | (51.0) | (17.03) | (487.14) | (0.67) | (0.91) | (0.96) | |
| Return On Tangible Assets | (0.0757) | (0.0748) | (0.001522) | (0.41) | (1.2) | (1.14) | |
| Ev To Free Cash Flow | (21.68) | (18.3) | (10.2) | (0.57) | (2.17) | (2.28) | |
| Earnings Yield | (0.0196) | (0.0587) | (0.002053) | (1.49) | (1.1) | (1.04) | |
| Net Debt To E B I T D A | 2.62 | (1.55) | 1.21 | (2.66) | 0.23 | 0.22 | |
| Current Ratio | 3.7 | 1.43 | 1.09 | 2.48 | 2.66 | 2.53 | |
| Tangible Book Value Per Share | 0.85 | 1.23 | 1.31 | 0.76 | 0.11 | 0.1 | |
| Graham Number | 1.38 | 1.14 | 1.97 | 0.29 | 2.69 | 0.71 | |
| Shareholders Equity Per Share | 0.85 | 1.23 | 1.31 | 0.76 | 0.11 | 0.1 | |
| Graham Net Net | 0.14 | (0.42) | (0.44) | (0.0638) | (0.001683) | (0.001599) | |
| Interest Debt Per Share | 0.0282 | 0.19 | 0.23 | 0.0457 | 4.84E-4 | 4.59E-4 | |
| Enterprise Value Over E B I T D A | (64.0) | (22.72) | 9.81 | 1.9 | (2.48) | (2.6) | |
| Price Earnings Ratio | (51.0) | (17.03) | (487.14) | (0.67) | (0.91) | (0.96) | |
| Price Book Value Ratio | 4.11 | 1.94 | 1.09 | 0.38 | 1.37 | 2.29 | |
| Price Earnings To Growth Ratio | 1.95 | (0.16) | 4.97 | (4.7E-5) | 0.0147 | 0.0155 |
Pair Trading with Novo Resources
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 Novo Resources 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 Novo Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Novo Stock
Moving against Novo Stock
The ability to find closely correlated positions to Novo Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Novo Resources 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 Novo Resources - 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 Novo Resources Corp to buy it.
The correlation of Novo Resources 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 Novo Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Novo Resources Corp 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 Novo Resources 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.Other Information on Investing in Novo Stock
Novo Resources CorpFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Novo Resources 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 Novo financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Novo Resources history.