Platinum Historical Financial Ratios
PTM Stock | CAD 2.25 0.17 7.02% |
Platinum Group is promptly reporting on over 98 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 0.52, Invested Capital of 0.0, Average Payables of 14.9 M or Stock Based Compensation To Revenue of 0.0 will help investors to properly organize and evaluate Platinum Group Metals financial condition quickly.
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About Platinum Financial Ratios Analysis
Platinum Group MetalsFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Platinum Group 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 Platinum financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Platinum Group history.
Platinum Group Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Platinum Group Metals stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Platinum Group sales, a figure that is much harder to manipulate than other Platinum Group Metals 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.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.Payables Turnover
A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.Most ratios from Platinum Group's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Platinum Group Metals 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 Platinum Group Metals. 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, Platinum Group's Net Debt To EBITDA is very stable compared to the past year. As of the 27th of November 2024, Current Ratio is likely to grow to 6.72, while Book Value Per Share is likely to drop 0.52.
2023 | 2024 (projected) | Graham Number | 0.66 | 0.63 | Receivables Turnover | 0.0935 | 0.08 |
Platinum Group fundamentals Correlations
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Platinum Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Platinum Group fundamentals Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Ptb Ratio | (7.2) | 102.08 | 4.11 | 4.74 | 4.26 | 4.34 | |
Book Value Per Share | (0.0673) | 0.27 | 0.58 | 0.47 | 0.55 | 0.52 | |
Free Cash Flow Yield | (0.0554) | (0.0543) | (0.0586) | (0.0675) | (0.0608) | (0.0638) | |
Operating Cash Flow Per Share | (0.0507) | (0.11) | (0.0499) | (0.0379) | (0.0341) | (0.0358) | |
Capex To Depreciation | 27.98 | 19.8 | 36.91 | 53.76 | 48.38 | 76.84 | |
Pb Ratio | (7.2) | 102.08 | 4.11 | 4.74 | 4.26 | 4.34 | |
Free Cash Flow Per Share | (0.13) | (0.15) | (0.0874) | (0.0824) | (0.0742) | (0.0779) | |
Roic | (0.3) | (0.34) | (0.26) | (0.2) | (0.23) | (0.28) | |
Net Income Per Share | (0.12) | (0.18) | (0.092) | (0.0567) | (0.051) | (0.0535) | |
Payables Turnover | 0.13 | 0.0495 | 0.0875 | 0.0629 | 0.0724 | 0.0867 | |
Cash Per Share | 0.0213 | 0.0843 | 0.14 | 0.0699 | 0.0804 | 0.0764 | |
Pocfratio | (46.74) | (23.93) | (29.87) | (32.17) | (37.0) | (38.85) | |
Interest Coverage | (0.64) | (1.0) | (1.52) | (3.99) | (4.59) | (4.82) | |
Capex To Operating Cash Flow | (1.59) | (0.3) | (0.75) | (1.17) | (1.35) | (1.42) | |
Pfcf Ratio | (18.07) | (18.41) | (17.05) | (14.8) | (13.32) | (13.99) | |
Days Payables Outstanding | 2.9K | 7.4K | 4.2K | 5.8K | 6.7K | 6.3K | |
Income Quality | 0.44 | 0.62 | 0.54 | 0.67 | 0.77 | 0.51 | |
Roe | 0.35 | (6.92) | (0.25) | (0.22) | (0.2) | (0.19) | |
Ev To Operating Cash Flow | (58.1) | (26.65) | (27.12) | (30.41) | (34.97) | (36.72) | |
Pe Ratio | (20.46) | (14.75) | (16.19) | (21.53) | (24.76) | (26.0) | |
Return On Tangible Assets | (0.19) | (0.26) | (0.15) | (0.11) | (0.13) | (0.14) | |
Ev To Free Cash Flow | (22.46) | (20.5) | (15.48) | (13.99) | (16.09) | (16.9) | |
Earnings Yield | (0.0489) | (0.0678) | (0.0618) | (0.0464) | (0.0534) | (0.0561) | |
Net Debt To E B I T D A | (6.92) | (2.91) | 2.03 | 1.15 | 1.32 | 2.32 | |
Current Ratio | 0.44 | 0.22 | 11.39 | 5.52 | 6.35 | 6.72 | |
Tangible Book Value Per Share | (0.0673) | 0.27 | 0.58 | 0.47 | 0.55 | 0.52 | |
Graham Number | 0.93 | 0.33 | 0.87 | 0.57 | 0.66 | 0.63 | |
Shareholders Equity Per Share | (0.33) | 0.0263 | 0.36 | 0.26 | 0.3 | 0.28 | |
Debt To Equity | (1.86) | (2.1) | (1.8) | 14.73 | 13.25 | 13.92 | |
Capex Per Share | 0.0805 | 0.0336 | 0.0375 | 0.0445 | 0.04 | 0.038 | |
Graham Net Net | (0.65) | (0.36) | 0.12 | 0.0451 | 0.0518 | 0.0492 | |
Interest Debt Per Share | 1.33 | 0.68 | 0.46 | 0.0184 | 0.0166 | 0.0157 | |
Debt To Assets | 1.37 | 0.8 | 0.98 | 0.54 | 0.49 | 0.56 | |
Enterprise Value Over E B I T D A | (35.42) | (28.58) | (20.01) | (19.9) | (22.88) | (24.03) |
Pair Trading with Platinum Group
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 Platinum Group 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 Platinum Group will appreciate offsetting losses from the drop in the long position's value.Moving together with Platinum Stock
0.92 | AG | First Majestic Silver | PairCorr |
0.91 | IE | Ivanhoe Energy | PairCorr |
0.82 | FDY | Faraday Copper Corp | PairCorr |
Moving against Platinum Stock
0.72 | AVCN | Avicanna | PairCorr |
0.69 | HPQ | HPQ Silicon Resources | PairCorr |
0.47 | INFM | Infinico Metals Corp | PairCorr |
0.47 | NG | NovaGold Resources | PairCorr |
The ability to find closely correlated positions to Platinum Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Platinum Group 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 Platinum Group - 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 Platinum Group Metals to buy it.
The correlation of Platinum Group 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 Platinum Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Platinum Group Metals 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 Platinum Group 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.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Platinum Group Metals. 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. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.