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.
  
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.
Add Fundamental
Price To Sales RatioDividend Yield
Ptb RatioDays Sales Outstanding
Book Value Per ShareFree Cash Flow Yield
Invested CapitalOperating Cash Flow Per Share
Average PayablesStock Based Compensation To Revenue
Capex To DepreciationPb Ratio
Ev To SalesFree Cash Flow Per Share
RoicInventory Turnover
Net Income Per ShareDays Of Inventory On Hand
Payables TurnoverSales General And Administrative To Revenue
Average InventoryResearch And Ddevelopement To Revenue
Capex To RevenueCash Per Share
PocfratioInterest Coverage
Payout RatioCapex To Operating Cash Flow
Pfcf RatioDays Payables Outstanding
Net Current Asset ValueIncome Quality
RoeTangible Asset Value
Ev To Operating Cash FlowPe Ratio
Return On Tangible AssetsEv To Free Cash Flow
Earnings YieldIntangibles To Total Assets
Net Debt To E B I T D ACurrent Ratio
Tangible Book Value Per ShareReceivables Turnover
Graham NumberShareholders Equity Per Share
Debt To EquityCapex Per Share
Graham Net NetAverage Receivables
Revenue Per ShareInterest Debt Per Share
Debt To AssetsEnterprise Value Over E B I T D A
Short Term Coverage RatiosPrice Earnings Ratio
Price Book Value RatioPrice Earnings To Growth Ratio
Days Of Payables OutstandingDividend Payout Ratio
Price To Operating Cash Flows RatioPrice To Free Cash Flows Ratio
Pretax Profit MarginEbt Per Ebit
Operating Profit MarginEffective Tax Rate
Company Equity MultiplierLong Term Debt To Capitalization
Total Debt To CapitalizationReturn On Capital Employed
Debt Equity RatioEbit Per Revenue
Quick RatioDividend Paid And Capex Coverage Ratio
Net Income Per E B TCash Ratio
Operating Cash Flow Sales RatioDays Of Inventory Outstanding
Days Of Sales OutstandingFree Cash Flow Operating Cash Flow Ratio
Cash Flow Coverage RatiosPrice To Book Ratio
Fixed Asset TurnoverCapital Expenditure Coverage Ratio
Price Cash Flow RatioEnterprise Value Multiple
Debt RatioCash Flow To Debt Ratio
Price Sales RatioReturn On Assets
Asset TurnoverNet Profit Margin
Gross Profit MarginPrice Fair Value
Return On EquityOperating Cycle
Cash Conversion Cycle

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.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.
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 Outstanding10.2611.816.6
PTB Ratio0.381.372.29

Novo Resources fundamentals Correlations

0.390.920.340.890.67-0.40.40.391.0-0.080.94-0.120.76-0.24-0.590.530.940.36-0.40.03-0.5-0.550.43-0.070.9
0.390.50.110.610.560.1-0.081.00.39-0.060.450.220.290.25-0.610.050.480.3-0.61-0.39-0.38-0.73-0.090.220.19
0.920.50.220.920.77-0.370.370.50.920.070.91-0.090.83-0.22-0.720.491.00.27-0.37-0.01-0.46-0.510.4-0.060.74
0.340.110.220.33-0.230.59-0.430.110.34-0.670.240.3-0.120.350.24-0.360.250.52-0.48-0.3-0.13-0.63-0.430.220.45
0.890.610.920.330.79-0.220.150.610.890.10.880.020.78-0.08-0.750.350.910.37-0.5-0.16-0.39-0.70.18-0.010.65
0.670.560.77-0.230.79-0.470.460.560.660.430.70.040.82-0.18-0.940.630.740.09-0.39-0.12-0.55-0.360.48-0.080.34
-0.40.1-0.370.59-0.22-0.47-0.730.1-0.4-0.53-0.450.38-0.550.620.41-0.82-0.380.01-0.25-0.470.07-0.28-0.760.38-0.35
0.4-0.080.37-0.430.150.46-0.73-0.080.40.190.44-0.270.53-0.36-0.360.730.38-0.060.110.35-0.450.270.97-0.230.4
0.391.00.50.110.610.560.1-0.080.39-0.060.450.220.290.25-0.610.050.480.3-0.61-0.39-0.38-0.73-0.090.220.19
1.00.390.920.340.890.66-0.40.40.39-0.090.94-0.130.76-0.24-0.580.530.940.37-0.40.04-0.51-0.550.43-0.070.91
-0.08-0.060.07-0.670.10.43-0.530.19-0.06-0.090.0-0.050.37-0.42-0.410.370.03-0.250.250.280.30.210.22-0.33-0.29
0.940.450.910.240.880.7-0.450.440.450.940.0-0.180.82-0.13-0.580.510.920.29-0.320.12-0.45-0.480.440.130.81
-0.120.22-0.090.30.020.040.38-0.270.22-0.13-0.05-0.18-0.290.20.030.09-0.10.6-0.78-0.66-0.29-0.47-0.260.07-0.15
0.760.290.83-0.120.780.82-0.550.530.290.760.370.82-0.29-0.3-0.710.520.81-0.04-0.060.18-0.31-0.170.53-0.110.51
-0.240.25-0.220.35-0.08-0.180.62-0.360.25-0.24-0.42-0.130.2-0.30.21-0.45-0.220.01-0.28-0.26-0.28-0.24-0.430.52-0.21
-0.59-0.61-0.720.24-0.75-0.940.41-0.36-0.61-0.58-0.41-0.580.03-0.710.21-0.48-0.69-0.10.330.160.410.38-0.390.24-0.24
0.530.050.49-0.360.350.63-0.820.730.050.530.370.510.090.52-0.45-0.480.50.25-0.260.17-0.53-0.010.75-0.310.48
0.940.481.00.250.910.74-0.380.380.480.940.030.92-0.10.81-0.22-0.690.50.29-0.380.0-0.47-0.520.41-0.060.78
0.360.30.270.520.370.090.01-0.060.30.37-0.250.290.6-0.040.01-0.10.250.29-0.71-0.51-0.22-0.66-0.05-0.210.43
-0.4-0.61-0.37-0.48-0.5-0.39-0.250.11-0.61-0.40.25-0.32-0.78-0.06-0.280.33-0.26-0.38-0.710.630.650.830.11-0.1-0.34
0.03-0.39-0.01-0.3-0.16-0.12-0.470.35-0.390.040.280.12-0.660.18-0.260.160.170.0-0.510.630.270.430.31-0.060.14
-0.5-0.38-0.46-0.13-0.39-0.550.07-0.45-0.38-0.510.3-0.45-0.29-0.31-0.280.41-0.53-0.47-0.220.650.270.33-0.41-0.16-0.45
-0.55-0.73-0.51-0.63-0.7-0.36-0.280.27-0.73-0.550.21-0.48-0.47-0.17-0.240.38-0.01-0.52-0.660.830.430.330.24-0.08-0.46
0.43-0.090.4-0.430.180.48-0.760.97-0.090.430.220.44-0.260.53-0.43-0.390.750.41-0.050.110.31-0.410.24-0.270.42
-0.070.22-0.060.22-0.01-0.080.38-0.230.22-0.07-0.330.130.07-0.110.520.24-0.31-0.06-0.21-0.1-0.06-0.16-0.08-0.27-0.08
0.90.190.740.450.650.34-0.350.40.190.91-0.290.81-0.150.51-0.21-0.240.480.780.43-0.340.14-0.45-0.460.42-0.08
Click cells to compare fundamentals

Novo Resources Account Relationship Matchups

Novo Resources fundamentals Accounts

201920202021202220232024 (projected)
Ptb Ratio4.111.941.090.381.372.29
Book Value Per Share0.851.231.310.760.110.1
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 Depreciation28.28.221.00.210.30.29
Pb Ratio4.111.941.090.381.372.29
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 Quality0.650.3927.920.430.971.02
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 A2.62(1.55)1.21(2.66)0.230.22
Current Ratio3.71.431.092.482.662.53
Tangible Book Value Per Share0.851.231.310.760.110.1
Graham Number1.381.141.970.292.690.71
Shareholders Equity Per Share0.851.231.310.760.110.1
Graham Net Net0.14(0.42)(0.44)(0.0638)(0.001683)(0.001599)
Interest Debt Per Share0.02820.190.230.04574.84E-44.59E-4
Enterprise Value Over E B I T D A(64.0)(22.72)9.811.9(2.48)(2.6)
Price Earnings Ratio(51.0)(17.03)(487.14)(0.67)(0.91)(0.96)
Price Book Value Ratio4.111.941.090.381.372.29
Price Earnings To Growth Ratio1.95(0.16)4.97(4.7E-5)0.01470.0155

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

  0.62ORE Orezone Gold CorpPairCorr

Moving against Novo Stock

  0.6TSLA Tesla Inc CDRPairCorr
  0.53AMZN Amazon CDRPairCorr
  0.47JPM JPMorgan ChasePairCorr
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 CorrelationCorrelation Matching

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.