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.

Quick Ratio Current Ratio

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.

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

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.

Price To Sales Ratio Ptb Ratio Days Sales Outstanding Book Value Per Share Ev To Operating Cash Flow

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Price To Sales Ratio

Price to Sales Ratio is figured by comparing Novo Resources Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Novo Resources sales, a figure that is much harder to manipulate than other Novo Resources Corp 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.

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 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.

	2022	2023	2024 (projected)
Days Sales Outstanding	10.26	11.8	16.6
PTB Ratio	0.38	1.37	2.29

Days Sales Outstanding Ptb Ratio

Novo Resources fundamentals Correlations

	Price To Sales Ratio	Ptb Ratio	Days Sales Outstanding	Book Value Per Share	Free Cash Flow Yield	Operating Cash Flow Per Share	Average Payables	Capex To Depreciation	Pb Ratio	Ev To Sales	Free Cash Flow Per Share	Roic	Inventory Turnover	Net Income Per Share	Days Of Inventory On Hand	Payables Turnover	Average Inventory	Capex To Revenue	Cash Per Share	Pocfratio	Interest Coverage	Capex To Operating Cash Flow	Pfcf Ratio	Days Payables Outstanding	Income Quality	Roe
Price To Sales Ratio		0.39	0.92	0.34	0.89	0.67	-0.4	0.4	0.39	1.0	-0.08	0.94	-0.12	0.76	-0.24	-0.59	0.53	0.94	0.36	-0.4	0.03	-0.5	-0.55	0.43	-0.07	0.9
Ptb Ratio	0.39		0.5	0.11	0.61	0.56	0.1	-0.08	1.0	0.39	-0.06	0.45	0.22	0.29	0.25	-0.61	0.05	0.48	0.3	-0.61	-0.39	-0.38	-0.73	-0.09	0.22	0.19
Days Sales Outstanding	0.92	0.5		0.22	0.92	0.77	-0.37	0.37	0.5	0.92	0.07	0.91	-0.09	0.83	-0.22	-0.72	0.49	1.0	0.27	-0.37	-0.01	-0.46	-0.51	0.4	-0.06	0.74
Book Value Per Share	0.34	0.11	0.22		0.33	-0.23	0.59	-0.43	0.11	0.34	-0.67	0.24	0.3	-0.12	0.35	0.24	-0.36	0.25	0.52	-0.48	-0.3	-0.13	-0.63	-0.43	0.22	0.45
Free Cash Flow Yield	0.89	0.61	0.92	0.33		0.79	-0.22	0.15	0.61	0.89	0.1	0.88	0.02	0.78	-0.08	-0.75	0.35	0.91	0.37	-0.5	-0.16	-0.39	-0.7	0.18	-0.01	0.65
Operating Cash Flow Per Share	0.67	0.56	0.77	-0.23	0.79		-0.47	0.46	0.56	0.66	0.43	0.7	0.04	0.82	-0.18	-0.94	0.63	0.74	0.09	-0.39	-0.12	-0.55	-0.36	0.48	-0.08	0.34
Average Payables	-0.4	0.1	-0.37	0.59	-0.22	-0.47		-0.73	0.1	-0.4	-0.53	-0.45	0.38	-0.55	0.62	0.41	-0.82	-0.38	0.01	-0.25	-0.47	0.07	-0.28	-0.76	0.38	-0.35
Capex To Depreciation	0.4	-0.08	0.37	-0.43	0.15	0.46	-0.73		-0.08	0.4	0.19	0.44	-0.27	0.53	-0.36	-0.36	0.73	0.38	-0.06	0.11	0.35	-0.45	0.27	0.97	-0.23	0.4
Pb Ratio	0.39	1.0	0.5	0.11	0.61	0.56	0.1	-0.08		0.39	-0.06	0.45	0.22	0.29	0.25	-0.61	0.05	0.48	0.3	-0.61	-0.39	-0.38	-0.73	-0.09	0.22	0.19
Ev To Sales	1.0	0.39	0.92	0.34	0.89	0.66	-0.4	0.4	0.39		-0.09	0.94	-0.13	0.76	-0.24	-0.58	0.53	0.94	0.37	-0.4	0.04	-0.51	-0.55	0.43	-0.07	0.91
Free Cash Flow Per Share	-0.08	-0.06	0.07	-0.67	0.1	0.43	-0.53	0.19	-0.06	-0.09		0.0	-0.05	0.37	-0.42	-0.41	0.37	0.03	-0.25	0.25	0.28	0.3	0.21	0.22	-0.33	-0.29
Roic	0.94	0.45	0.91	0.24	0.88	0.7	-0.45	0.44	0.45	0.94	0.0		-0.18	0.82	-0.13	-0.58	0.51	0.92	0.29	-0.32	0.12	-0.45	-0.48	0.44	0.13	0.81
Inventory Turnover	-0.12	0.22	-0.09	0.3	0.02	0.04	0.38	-0.27	0.22	-0.13	-0.05	-0.18		-0.29	0.2	0.03	0.09	-0.1	0.6	-0.78	-0.66	-0.29	-0.47	-0.26	0.07	-0.15
Net Income Per Share	0.76	0.29	0.83	-0.12	0.78	0.82	-0.55	0.53	0.29	0.76	0.37	0.82	-0.29		-0.3	-0.71	0.52	0.81	-0.04	-0.06	0.18	-0.31	-0.17	0.53	-0.11	0.51
Days Of Inventory On Hand	-0.24	0.25	-0.22	0.35	-0.08	-0.18	0.62	-0.36	0.25	-0.24	-0.42	-0.13	0.2	-0.3		0.21	-0.45	-0.22	0.01	-0.28	-0.26	-0.28	-0.24	-0.43	0.52	-0.21
Payables Turnover	-0.59	-0.61	-0.72	0.24	-0.75	-0.94	0.41	-0.36	-0.61	-0.58	-0.41	-0.58	0.03	-0.71	0.21		-0.48	-0.69	-0.1	0.33	0.16	0.41	0.38	-0.39	0.24	-0.24
Average Inventory	0.53	0.05	0.49	-0.36	0.35	0.63	-0.82	0.73	0.05	0.53	0.37	0.51	0.09	0.52	-0.45	-0.48		0.5	0.25	-0.26	0.17	-0.53	-0.01	0.75	-0.31	0.48
Capex To Revenue	0.94	0.48	1.0	0.25	0.91	0.74	-0.38	0.38	0.48	0.94	0.03	0.92	-0.1	0.81	-0.22	-0.69	0.5		0.29	-0.38	0.0	-0.47	-0.52	0.41	-0.06	0.78
Cash Per Share	0.36	0.3	0.27	0.52	0.37	0.09	0.01	-0.06	0.3	0.37	-0.25	0.29	0.6	-0.04	0.01	-0.1	0.25	0.29		-0.71	-0.51	-0.22	-0.66	-0.05	-0.21	0.43
Pocfratio	-0.4	-0.61	-0.37	-0.48	-0.5	-0.39	-0.25	0.11	-0.61	-0.4	0.25	-0.32	-0.78	-0.06	-0.28	0.33	-0.26	-0.38	-0.71		0.63	0.65	0.83	0.11	-0.1	-0.34
Interest Coverage	0.03	-0.39	-0.01	-0.3	-0.16	-0.12	-0.47	0.35	-0.39	0.04	0.28	0.12	-0.66	0.18	-0.26	0.16	0.17	0.0	-0.51	0.63		0.27	0.43	0.31	-0.06	0.14
Capex To Operating Cash Flow	-0.5	-0.38	-0.46	-0.13	-0.39	-0.55	0.07	-0.45	-0.38	-0.51	0.3	-0.45	-0.29	-0.31	-0.28	0.41	-0.53	-0.47	-0.22	0.65	0.27		0.33	-0.41	-0.16	-0.45
Pfcf Ratio	-0.55	-0.73	-0.51	-0.63	-0.7	-0.36	-0.28	0.27	-0.73	-0.55	0.21	-0.48	-0.47	-0.17	-0.24	0.38	-0.01	-0.52	-0.66	0.83	0.43	0.33		0.24	-0.08	-0.46
Days Payables Outstanding	0.43	-0.09	0.4	-0.43	0.18	0.48	-0.76	0.97	-0.09	0.43	0.22	0.44	-0.26	0.53	-0.43	-0.39	0.75	0.41	-0.05	0.11	0.31	-0.41	0.24		-0.27	0.42
Income Quality	-0.07	0.22	-0.06	0.22	-0.01	-0.08	0.38	-0.23	0.22	-0.07	-0.33	0.13	0.07	-0.11	0.52	0.24	-0.31	-0.06	-0.21	-0.1	-0.06	-0.16	-0.08	-0.27		-0.08
Roe	0.9	0.19	0.74	0.45	0.65	0.34	-0.35	0.4	0.19	0.91	-0.29	0.81	-0.15	0.51	-0.21	-0.24	0.48	0.78	0.43	-0.34	0.14	-0.45	-0.46	0.42	-0.08

Click cells to compare fundamentals

Novo Resources Account Relationship Matchups

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

0.62

ORE

Orezone Gold Corp

Pair Corr

Moving against Novo Stock

0.6	TSLA	Tesla Inc CDR	Pair Corr
0.53	AMZN	Amazon CDR	Pair Corr
0.47	JPM	JPMorgan Chase	Pair Corr

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.

Pair Correlation Correlation Matching

Other Information on Investing in Novo Stock

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Price To Sales Ratio	Dividend Yield
Ptb Ratio	Days Sales Outstanding
Book Value Per Share	Free Cash Flow Yield
Invested Capital	Operating Cash Flow Per Share
Average Payables	Stock Based Compensation To Revenue
Capex To Depreciation	Pb Ratio
Ev To Sales	Free Cash Flow Per Share
Roic	Inventory Turnover
Net Income Per Share	Days Of Inventory On Hand
Payables Turnover	Sales General And Administrative To Revenue
Average Inventory	Research And Ddevelopement To Revenue
Capex To Revenue	Cash Per Share
Pocfratio	Interest Coverage
Payout Ratio	Capex To Operating Cash Flow
Pfcf Ratio	Days Payables Outstanding
Net Current Asset Value	Income Quality
Roe	Tangible Asset Value
Ev To Operating Cash Flow	Pe Ratio
Return On Tangible Assets	Ev To Free Cash Flow
Earnings Yield	Intangibles To Total Assets
Net Debt To E B I T D A	Current Ratio
Tangible Book Value Per Share	Receivables Turnover
Graham Number	Shareholders Equity Per Share
Debt To Equity	Capex Per Share
Graham Net Net	Average Receivables
Revenue Per Share	Interest Debt Per Share
Debt To Assets	Enterprise Value Over E B I T D A
Short Term Coverage Ratios	Price Earnings Ratio
Price Book Value Ratio	Price Earnings To Growth Ratio
Days Of Payables Outstanding	Dividend Payout Ratio
Price To Operating Cash Flows Ratio	Price To Free Cash Flows Ratio
Pretax Profit Margin	Ebt Per Ebit
Operating Profit Margin	Effective Tax Rate
Company Equity Multiplier	Long Term Debt To Capitalization
Total Debt To Capitalization	Return On Capital Employed
Debt Equity Ratio	Ebit Per Revenue
Quick Ratio	Dividend Paid And Capex Coverage Ratio
Net Income Per E B T	Cash Ratio
Operating Cash Flow Sales Ratio	Days Of Inventory Outstanding
Days Of Sales Outstanding	Free Cash Flow Operating Cash Flow Ratio
Cash Flow Coverage Ratios	Price To Book Ratio
Fixed Asset Turnover	Capital Expenditure Coverage Ratio
Price Cash Flow Ratio	Enterprise Value Multiple
Debt Ratio	Cash Flow To Debt Ratio
Price Sales Ratio	Return On Assets
Asset Turnover	Net Profit Margin
Gross Profit Margin	Price Fair Value
Return On Equity	Operating Cycle
Cash Conversion Cycle

Novo Historical Financial Ratios

About Novo Financial Ratios Analysis

Novo Resources Financial Ratios Chart

Price To Sales Ratio

Ptb Ratio

Book Value Per Share

Ev To Operating Cash Flow

Novo Resources fundamentals Correlations

Novo Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Novo Resources fundamentals Accounts

Pair Trading with Novo Resources

Moving together with Novo Stock

Moving against Novo Stock

Other Information on Investing in Novo Stock

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Ev To Sales	+ 1.0	Price To Sales Ratio
Pb Ratio	+ 1.0	Ptb Ratio
Capex To Revenue	+ 1.0	Days Sales Outstanding
Days Payables Outstanding	+ 0.97	Capex To Depreciation
Roic	+ 0.94	Price To Sales Ratio
Capex To Revenue	+ 0.94	Price To Sales Ratio

Payables Turnover	- 0.94	Operating Cash Flow Per Share
Average Inventory	- 0.82	Average Payables
Pocfratio	- 0.78	Inventory Turnover
Days Payables Outstanding	- 0.76	Average Payables
Payables Turnover	- 0.75	Free Cash Flow Yield
Pfcf Ratio	- 0.73	Pb Ratio