PrairieSky Historical Financial Ratios
| PSK Stock | CAD 29.52 0.73 2.41% |
PrairieSky Royalty is promptly reporting on over 93 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 Book Value Per Share of 9.02, Free Cash Flow Yield of 0.0494, Invested Capital of 0.0 or Operating Cash Flow Per Share of 1.02 will help investors to properly organize and evaluate PrairieSky Royalty financial condition quickly.
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About PrairieSky Financial Ratios Analysis
PrairieSky RoyaltyFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate PrairieSky Royalty 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 PrairieSky financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across PrairieSky Royalty history.
PrairieSky Royalty Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing PrairieSky Royalty stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on PrairieSky Royalty sales, a figure that is much harder to manipulate than other PrairieSky Royalty 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 PrairieSky Royalty dividend as a percentage of PrairieSky Royalty stock price. PrairieSky Royalty dividend yield is a measure of PrairieSky Royalty stock productivity, which can be interpreted as interest rate earned on an PrairieSky Royalty 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.Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.Most ratios from PrairieSky Royalty's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into PrairieSky Royalty 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in PrairieSky Royalty. 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, PrairieSky Royalty's Inventory Turnover is very stable compared to the past year. As of the 27th of November 2024, Days Of Inventory On Hand is likely to grow to 3.10, while Dividend Yield is likely to drop 0.04.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0205 | 0.0208 | 0.0413 | 0.0376 | Price To Sales Ratio | 9.88 | 8.06 | 10.81 | 17.06 |
PrairieSky Royalty fundamentals Correlations
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PrairieSky Royalty Account Relationship Matchups
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PrairieSky Royalty fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 13.26 | 13.52 | 9.88 | 8.06 | 10.81 | 17.06 | |
| Dividend Yield | 0.0512 | 0.0379 | 0.0205 | 0.0208 | 0.0413 | 0.0376 | |
| Ptb Ratio | 1.43 | 0.99 | 1.17 | 1.87 | 2.01 | 2.31 | |
| Days Sales Outstanding | 50.72 | 57.92 | 62.1 | 45.56 | 43.81 | 63.14 | |
| Book Value Per Share | 10.64 | 10.2 | 11.62 | 11.59 | 11.57 | 9.02 | |
| Free Cash Flow Yield | 0.0561 | 0.0617 | (0.24) | 0.1 | 0.0471 | 0.0494 | |
| Stock Based Compensation To Revenue | 0.008942 | 0.003501 | 0.0383 | 0.0362 | (0.005651) | (0.005368) | |
| Capex To Depreciation | 0.0812 | 0.09 | 9.68 | 0.21 | 0.41 | 0.39 | |
| Pb Ratio | 1.43 | 0.99 | 1.17 | 1.87 | 2.01 | 2.31 | |
| Ev To Sales | 13.3 | 13.79 | 11.98 | 8.4 | 11.18 | 15.69 | |
| Free Cash Flow Per Share | 0.85 | 0.62 | (3.29) | 2.24 | 1.09 | 0.56 | |
| Roic | 0.0444 | 0.031 | 0.0453 | 0.0138 | 0.0393 | 0.11 | |
| Net Income Per Share | 0.48 | 0.14 | 0.55 | 1.33 | 0.95 | 0.5 | |
| Payables Turnover | 98.31 | 66.88 | 50.19 | 52.55 | 56.81 | 53.97 | |
| Sales General And Administrative To Revenue | 0.0883 | 0.11 | 0.1 | 0.0759 | 0.0861 | 0.0671 | |
| Capex To Revenue | 0.21 | 0.0373 | 0.0548 | 3.2 | 0.0476 | 0.11 | |
| Pocfratio | 16.97 | 15.21 | 12.08 | 9.16 | 17.39 | 20.34 | |
| Interest Coverage | 69.25 | 26.2 | 31.92 | 23.35 | 24.47 | 23.25 | |
| Payout Ratio | 1.64 | 2.77 | 0.51 | 0.34 | 1.01 | 0.96 | |
| Capex To Operating Cash Flow | 0.0477 | 0.0617 | 3.91 | 0.0541 | 0.18 | 0.17 | |
| Pfcf Ratio | 17.82 | 16.21 | (4.15) | 9.69 | 21.25 | 22.32 | |
| Days Payables Outstanding | 3.71 | 5.46 | 7.27 | 6.95 | 6.43 | 3.98 | |
| Income Quality | 1.88 | 4.8 | 2.04 | 1.78 | 1.4 | 1.33 | |
| Roe | 0.0448 | 0.0135 | 0.0475 | 0.11 | 0.0823 | 0.0782 | |
| Ev To Operating Cash Flow | 17.03 | 15.52 | 14.64 | 9.55 | 17.98 | 13.62 | |
| Pe Ratio | 31.94 | 73.08 | 24.68 | 16.32 | 24.37 | 23.15 | |
| Return On Tangible Assets | 0.0533 | 0.016 | 0.0428 | 0.11 | 0.085 | 0.0893 | |
| Ev To Free Cash Flow | 17.88 | 16.54 | (5.03) | 10.1 | 21.97 | 23.07 | |
| Earnings Yield | 0.0313 | 0.0137 | 0.0405 | 0.0613 | 0.041 | 0.0234 | |
| Net Debt To E B I T D A | 0.0551 | 0.33 | 2.44 | 0.38 | 0.41 | 0.43 | |
| Current Ratio | 0.92 | 0.4 | 1.19 | 0.45 | 0.65 | 0.61 | |
| Tangible Book Value Per Share | 7.94 | 7.45 | 8.79 | 8.95 | 8.93 | 6.8 | |
| Receivables Turnover | 7.2 | 6.3 | 5.88 | 8.01 | 8.33 | 5.66 | |
| Graham Number | 10.69 | 5.63 | 12.01 | 18.62 | 15.75 | 9.2 | |
| Shareholders Equity Per Share | 10.64 | 10.2 | 11.62 | 11.59 | 11.57 | 9.02 |
Pair Trading with PrairieSky Royalty
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 PrairieSky Royalty 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 PrairieSky Royalty will appreciate offsetting losses from the drop in the long position's value.Moving together with PrairieSky Stock
Moving against PrairieSky Stock
The ability to find closely correlated positions to PrairieSky Royalty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PrairieSky Royalty 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 PrairieSky Royalty - 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 PrairieSky Royalty to buy it.
The correlation of PrairieSky Royalty 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 PrairieSky Royalty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PrairieSky Royalty 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 PrairieSky Royalty 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 PrairieSky Stock
PrairieSky RoyaltyFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate PrairieSky Royalty 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 PrairieSky financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across PrairieSky Royalty history.